This little script simply gives you a quick visual cue of where price is compared to a particular EMA of another security or underlying index. It is based on Nick Radge's broader market filter weekend trend trader system, but can be applied to other timeframes if you want to confirm if the index is in an up trend or down trend. • Green means the underlying...
Finally, we made it :D Rain On Me Indicator, As the name suggests this indicator will make money rain on you. More seriously, this indicator contains : This indicator contains: -Bullish and bearish RSI divergences showing on chart with alerts. -Parabolic SAR with Labels on chart with buying or selling alerts. -3 Moving Average (MA 1 : 7, MA 2 : 21 MA 3 HIDDEN :...
pivXmas is a combined Moving Average based indicator. pivXmas adds the following graphic functionalities to your chart: - Adjustable Pivot-Bands with optional up-down-colored Middle-Line - 4 Simple Moving Averages and/or 4 Exponential Moving Averages OR an 8-segment Moving Average Ribbon The Pivot-Bands are calculated by using time-spreaded averaged Lows...
Transaction setup parameters Time frame: M5, M15 Currency pair: EUR / USD , GPB / USD Transaction: London, USA Number of orders / day: 10 - 15 orders Trading strategies === BUY === Candles close on the upper Keltner EMA10 crosses the upper Keltner range from below Stop loss in the middle band or up to 12 pips Profit target: 15-25 pips ...
This code is written to visualize the Tillson crossover or crossunder points by naming them between 0 to 100. Here, 0 represents the low price point that can be suitable for buying, where 100 represents the high price point that can be suitable for selling. The lower the values such as 0 or 10 or 20, the higher the probability to be better suited for buying. The...
---------- INTRODUCTION ---------- Ribbon indicator is a trend indicator based on Moving Average Default setting is 20 WMA ---------- HOW TO READ? ---------- Color GREEN RIBBON = UP TREND (Short Term EMA above Long EMA ) RED RIBBON = DOWN TREND (Short Term EMA below Long EMA ) Candle's Position Candle above ribbon = BULLISH Candle below ribbon =...
The Instantaneous Trendline was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 24) and this is an updated version of his original Instantaneous Trendline that works much better in my opinion. Buy when the indicator line turns green and sell when it turns red. Let me know what other scripts you would like to see me publish or if you want...
Adaptive Entry System (AES) Price action of stocks, indexes, and futures consists of periods of trending action, retracements within the trend and then a resumption of the original trend. Trending patterns do not move straight up or straight down. They move in cycles which, when properly identified, can offer traders an opportunity to “follow the trend” while...
This indicator allows to compare the performance (% change) of a given symbol with the larger market ( AMEX:SPY ) and/or with a custom symbol, which defaults to AMEX:XLK (an ETF tracking technology companies from the S&P 500). The performance for the current symbol is displayed as a blue histogram, while performance for the AMEX:SPY and the custom symbol are...
Hello traders , here i am introducing my strategy with updated features. It provide signals for entering in the market and signal for exit. Signal for opening short / sale position is when Price drop bellow the yellow line of the Indicator ( Price action ) and same time the red line of the Indicator Momentum Action is dropping . Additional confirmation is if...
This indicator is elaborated following the 3 window strategy described by Elder. The fast, slow averages and MACD histogram are taken from a time frame 5 times higher than the active time frame and indicate bullish / bearish trends as well as divergences (bottom) of the hostogram with the price.
This script looks for a set up condition where 5 consecutive candles have broken away from the fast EMA (set to 8 by default) followed by a "trigger" candle that crosses back over the fast EMA but not the medium EMA (set to 13 by default). It then determines the entry point based on the bar high or low (not tail or wick) depending on direction of the trend. Once...
Description : Uses all the following indicators as a default pre-set template 1. SMA 200 (longer term for direction/trend) 2. EMA 20 (shorter term for assisting with entry) 3. EMA 50 (medium term for assisting with entry) FEATURES - Allows you to switch off showing...
This script is supposed to be used as part of the "TESLA" strategy in which the default values for the EMAs will serve as a trend indicator and dynamic support and resistance. Moreover, the bollinger bands will signal an overbought or oversold condition stating statistically the price will go up or down. This script features are: - 3 EMAs which will response...
This script is a complete analysis package based on the Directional Volume Index (DVI). The Directional Volume Index (DVI) is defined as follows: DVI = VWMA (len1) - SMA (len2), where by default, len1==len2 The sign of the DVI provides volume confirmation of the direction of the price trend. The magnitude of the DVI provides the volume confirmation of the...
This is a modified version of @SeaSide420 TSI CCI Hull with profits exit on long and short order with alert as well original script : the strategy script: /// feel free to edit/improve and comment
This indicator is designed specifically for algorithmic trading. This is an updated version of our previous indicator Niki MS 1.2. It is more suited to scalping and intraday trading. It shows more profit on the 5 minute chart. From the indicator setting we can display the target and stop loss. Algorithm trading can be done by setting an alarm. The alarm LE...
A new idea of mine that I am presently experimenting on for my trades. The Directional Volume Index (DVI) is defined as follows: DVI = VWMA(len1) - SMA(len2), where by default, len1==len2 The sign of the DVI provides volume confirmation of the direction of the price trend. The magnitude of the DVI provides the volume confirmation of the strength of the...