I would like to share my script.
This is S/R levels indicator based on custom range for each step used for computing minimum/maximum of the range.
For example - we predefined step with 50 candles as one, after we have got the minimum and maximum of it - we come to the next 50 candles and do the same to it.
Finaly - we have got 20 lines for 10...
Price change indicator in the form of diagonal rows.
The calculation is based on the percentage or tick deviation of the price movement (indicated in the "Deviation" parameter), which is displayed on the chart in the form of rows.
The row consists of the base middle line, upper and lower limits:
- The middle line is the basis for the upper and lower limits of...
The purpose of this indicator is to programmatically determine the type of price trend using technical analysis tools.
You can do a quick check on the asset’s higher and lower time frames. For example, if you are trading on an H1 chart, you can check the m5 chart to ensure that the trend is in the same direction and similarly check the H4 chart to ensure...
Italian physicist Galileo Galilei is usually credited with being the first to measure speed by considering the distance covered and the time it takes. Galileo defined speed as the distance covered during a period of time. In equation form, that is v = Δd / Δt where v is speed, Δd is change in distance, and Δt is change in time. The Greek symbol for delta, a...
B3 Directional Trend Index ~ All about the trend! William Blau is the designer of this gem, and IMHO it is the best trend finder of all the lagging indicators out there I have tested. It is important to pay attention to the slope and thickness of the line, and its relationship to zero. A reversion to the zero may look momentous, but in fact it could reverse...
Minimal but powerful.
Have been using this for myself, so thought it would be nice to share publicly. Of course no script is correct 100% of the time, but this is one of if not the best in my basic tools.
Two indicators will appear, the default ATR multipliers are already set for what I believe to be perfect for this particular (double indicator) strategy.
This tool displays relative volatility and directional trend. Excellent way to pickup diversions and reversals. Length can be lowered to 11 or 13 in settings to show price range.
Can be used to identify patterns such as parallel channels and likely direction of price action as pictured below.
Hello Everyone. I hope you are all doing great. It's been a long time since I posted my first script here, and I got a lot of response from that.
So, I thought I should share this script also to everyone, and anyone that may find it useful. Personally, I use it to tell the general market conditions.
Here's how I works : The script tries to determine the overall...
Minimal but powerful.
Have been using this for myself, so thought it would be nice to share publicly. Of course no script is correct 100% of the time, but this is one of if not the best in my basic tools. (This is the expanded/PLUS version)
Github Link for latest/most detailed + tidier documentation
Base Indicator - Script Link
HHV and LLV gives good information about the trend.
A trend will be visible when its seen with fast and slow line cross
UP trend: HHV_fastline = HHV Slowline and LLVfastline crossover LLVSlowline
DOWN trend: HHV_fastline crossunder HHV Slowline and LLVfastline !=LLVSlowline
Attempted to plot the same with multiple options to choose fastline length,...
This is my own version of the famous Trend Direction Force Index and I modified the original to make my version react quickly to any trend. I have color coded the indicator to make it extremely easy to read so if it is green then buy and red then sell.
This was a custom request so if you would like more then just send me a message!
This is the slope of linear regression plotted as a histogram. It has a threshold for the slope in case there is a minimum slope amount that the user wants for it to show green or red. The color shows a dim and bright effect depending on the direction of the slope to better show its rise and fall. You can set the length of the slope in the input setting...
Combines EMA + RSI indicator
Dieses Script ist eine einfache Kombination aus RSI und EMA.
Es erlaubt euch zu erkennen in welche Richtung der Trend in dem aktuellen
TimeFrame geht und wie stark dieser aktuell ist.
Außerdem zeigt es euch ob gerade eher die Bullen oder die Bären den Markt
dominieren. Mit Hilfe des Indikators lassen sich Top und Bottom des...
Return the percentage of rising moving averages with periods in a custom range from min to max , with the possibility of using different types of moving averages.
Minimum MA Length Value : minimum period of the moving average.
Maximum MA Length Value : maximum period of the moving average.
Smooth : determine the period of an EMA using the...