This Study plots divergences and overlays a second %K as a fractal and changes the colour of %D for the non fractal
Feel Free to change the indicator values to suit your style / system
The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
Common value for %K is 5, I have chosen 3 as it gives faster entries when using multiple time frames
If you are not using a momentum indicator as a trailing stop and using only cycle indicator
then I would recommended %K be 4 for exits
Feel Free to change the indicator values to suit your style / system
The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
Common value for %K is 5, I have chosen 3 as it gives faster entries when using multiple time frames
If you are not using a momentum indicator as a trailing stop and using only cycle indicator
then I would recommended %K be 4 for exits
릴리즈 노트:
Added option to use Stochastic RSI for Fractal
also added option to plot RSI
also added option to plot RSI
릴리즈 노트:
Added Background Shading according to trend
릴리즈 노트:
Added Background Highlights for Over Bought and Over Sold Regions
릴리즈 노트:
...
릴리즈 노트:
Added ADX 2 Resting Bar Buy / Sell Entry Signal
릴리즈 노트:
Background according to ma cross
릴리즈 노트:
Added Trend Barmeter so now you can add confluence to your entries
3 Trend Barmeter lines, choose from MA Cross, MACD Cross, Dad Direction (Top Dog Trading) or Trend Candles
3 Trend Barmeter lines, choose from MA Cross, MACD Cross, Dad Direction (Top Dog Trading) or Trend Candles
릴리즈 노트:
Adjusted Background Shading Intensity
릴리즈 노트:
Removed ADX 2 Possible Entry Signal and RSI Plot
Added Momentum Setups to Trend Meter - Very Powerful Entries but Use With Caution
Look for Support or Resistance Levels for price to be attracted to
Enter Long above the Setup Bar
Enter Short Below the Setup Bar
When looking to break out from Trendline or S/R Level - Look for confluence by ensuring all 3 trend Meters are Highlighted the Same Color
Added Momentum Setups to Trend Meter - Very Powerful Entries but Use With Caution
Look for Support or Resistance Levels for price to be attracted to
Enter Long above the Setup Bar
Enter Short Below the Setup Bar
When looking to break out from Trendline or S/R Level - Look for confluence by ensuring all 3 trend Meters are Highlighted the Same Color
릴리즈 노트:
Adjusted;
Filter X parameters
Trend Meter Background Highlight - Filter X + 3 Trend Meter Conditions Met (Minor / Major Base Line Cross Excluded)
Filter X parameters
Trend Meter Background Highlight - Filter X + 3 Trend Meter Conditions Met (Minor / Major Base Line Cross Excluded)
릴리즈 노트:
Fixed fault with background highlight of trend meter
릴리즈 노트:
Added ability;-
to Change the Color of the Main Stochastic
to Turn the Fractal / Secondary Stochastic off from the menus
to Change the Color of the Main Stochastic
to Turn the Fractal / Secondary Stochastic off from the menus
릴리즈 노트:
Updated Alerts so now you can see them properly when entering
릴리즈 노트:
Fixed issue with Alerts
릴리즈 노트:
Divergences Offset to Realistic Entry Point
릴리즈 노트:
Trend Meter Background Highlight when all 3 conditions are met
Adjusted Alerts
Adjusted Alerts
릴리즈 노트:
Fixed Fault with background highlights
릴리즈 노트:
Updated Background Highlight and adjusted some menu's
Added Highlights for;
RSI Signal Line Cross (RSI = 13, Linear Regression Signal Line = 21) - Extremely powerful signal
MOM DAD Cross (Topdog Trading)
Added Highlights for;
RSI Signal Line Cross (RSI = 13, Linear Regression Signal Line = 21) - Extremely powerful signal
MOM DAD Cross (Topdog Trading)
릴리즈 노트:
Fixed a fault with the background colors that was introduced by Tradingview
Adjusted colors and thickness of stochastic lines to make them more visually appealing
Adjusted colors and thickness of stochastic lines to make them more visually appealing
릴리즈 노트:
Removed The Trend Meters along with a Lot of Clutter (If you still need a Trend Meter please add it from my other Scripts on my Page)
Added On Balance Volume as an input source option for both Stochastics
Changed the look of the Stochastics for better visual appeal
Added On Balance Volume as an input source option for both Stochastics
Changed the look of the Stochastics for better visual appeal