Donchian channels weighted with volume, they are now closer to the price and can cross it.
♒ RBCI - Range Bound Channel Index by Cryptorhythms Intro This is my best approximation of the RBCI. Its not perfect, but it does the job well enough. A good way to use it is to enter when the singal line (light blue) RE ENTERS the channel from below. I circled these points on the indicator in green. Description Information to create was gathered mostly...
Introduction Channels are used a lot on technical-analysis, however most of the them rely on adding/subtracting a volatility indicator to a central tendency indicator, sometimes the central tendency indicator can even be replaced by pure price. A great channel who does not rely on this kind of architecture is the Donchian channels or the quartiles bands. Here i...
I believe the most of users know the Double Top Pattern, so I omit the introduction. The algorithm uses 10 internal watchers to identify the incomplete M-pattern. If any of the watchers finds the pattern, the signal will be plotted on the chart. You can customize the lookback periods for the watchers as well as you can specify the precision of the difference...
I think everybody knows the Double Bottom Pattern, so I omit the introduction. The algorithm uses 8 internal watchers to identify the incomplete W-pattern. If any of the watchers finds the pattern, the signal will be plotted on the chart. You can customize the lookback periods for the watchers as well as you can specify the precision of the difference between two...
Draws a channel based on ATR (Average True Range) and RSI. Detects band touches and colors the background appropriately.
This is a simple Day Trade indicator, but can be used for swing and long term trades. It is based on Donchian Channels to detect trend and point out resistance or support breakouts using arrows. The bars ared colored when a breakout occurs. When a resistance breakout occurs the current and the next bars are colored green (default) and when a support breakout...
The triangular moving average (also known as the TMA) is similar to other moving averages in that it shows the average price over a specified number of bars. The purpose of the triangular moving average is to double smooth the price data, which will produce a line on your chart which doesn't react as quickly as an SMA would. this channel has been plotted based on...
this indicator plots stochastic RSI inside donchian channel. 0% stochastic rsi is coinciding with lower band while 100% stochastic rsi is matched on upper band
this indicator shows the trend lines and the channel which price fluctuate within, according to highest and lowest prices (historical data) every line is calculated according to present bar and no repaint occurs.
scream channel indicator is an indicators, which shows extreme price actions. when the blades are downward, the trend is downward and the price tend to falling, and also for upward blades. scream channel is compatible with all markets and time-frames.
Green means buy and red means sell. Adjust according to your fits. Have to lock the code just in case someone will commercialise this.
A channel that contains approximately 95% of all price data for the past 100 bars, about five months on a daily chart. It automatically plots correct channels for any trading vehicle in any timeframe.
A channel that contains approximately 95% of all price data for the past 100 bars, about five months on a daily chart. It automatically plots correct channels for any trading vehicle in any timeframe.
Dear Traders, here I introduce my favorite indicator for find the trend channels with their primary, secondary and tertiary trend channel. Every channel develops themself without any drawing tools. The best way to trade with this indicator is to trade breakouts from consolidations. Consolidations (correction waves) you see, if the smaller trend is opposite...
The Keltner Channel, a classic indicator of technical analysis developed by Chester Keltner in 1960. The indicator is a bit like Bollinger Bands and Envelopes. WARNING: - This script to change bars colors.
The Keltner Channel, a classic indicator of technical analysis developed by Chester Keltner in 1960. The indicator is a bit like Bollinger Bands and Envelopes.