as the title says, this is a cubic medium average with crosses, good for in'n'out signal os some sort of strategy, will experiment with it
INTRODUCTION: The CANSLIM investment strategy, developed by William J. O'Neil, is a powerful tool for identifying growth stocks that have the potential to outperform the market. TrendX has enhanced this approach with its unique indicators, making it easier for investors to assess stocks based on seven critical criteria. ➊ C: Current Quarterly EPS or PE with...
The E9 PLRR (Power Law Residual Ratio) is a custom-built indicator designed to evaluate the overvaluation or undervaluation of an asset, specifically by utilizing logarithmic price data and a power law-based model. It leverages a dynamic regression technique to assess the deviation of the current price from its expected value, giving insights into how much the...
What this script does: This script shows you the "Relative Volume" (RVOL) value up to the current minute. RVOL is the volume from market open up to the current minute today, compared to the average of the same over the last n (30 by default) days. How this script works: There are a lot of indicators out there for RVOL, but they all take shortcuts that result...
Bollinger Bands ForLoop OVERVIEW BB ForLoop is an improved version of Bollinger Bands it is designed to calculate an array of values 1 or -1 depending if soruce for calculations is above or below basis. It takes avereage of values over a range of lengths, providing trend signals smothed based on various moving averages in order to get rid of noise. It offers...
OHLC stands for Open, High, Low, and Close, which are four key data points used to describe the price action of a security during a specific time period, such as a day, week, or minute. This information is crucial for traders and analysts as it gives insight into market sentiment and price trends. Here’s a breakdown of each component: 1. Open Definition: The...
Overview The Approximate Spectral Entropy-Based Market Momentum (SEMM) indicator combines the concepts of spectral entropy and traditional momentum to provide traders with insights into both the strength and the complexity of market movements. By measuring the randomness or predictability of price changes, SEMM helps traders understand whether the market is in...
Bollinger Band + Mid Band This indicator combines the classic Bollinger Bands with enhanced customization options, allowing traders to fine-tune the settings according to their specific strategies. Key Features: Moving Average Flexibility: Choose between Simple Moving Average (SMA), Exponential Moving Average (EMA), or Weighted Moving Average (WMA) as the...
Description: The watermark indicator is designed to enhance the visual presentation of your trading charts by adding customizable watermarks. This tool allows you to overlay essential information, such as ticker symbols, timeframes, dates, and custom text, directly onto your charts. While providing larger text options then all other watermarks currently...
Supertrend Multi-Timeframe Indicator Introduction The Supertrend Multi-Timeframe Indicator is an advanced trading tool designed to help traders identify trend directions and potential buy/sell signals by combining Supertrend indicators from multiple timeframes. This script is original in its approach to integrating Supertrend calculations across different...
Hi all! I hope that this indicator helps you to be a more efficient trader. The concept is well known and useful. So this is not some magic algorithm founded by me, but rather a well known concept. The concept is the drawing of trendlines. It draws trendlines that has a retest. It draws the trendlines in different colors, the colors used are blue, red, fuchsia...
Position Size Calculator Instructions Overview The Position Size Calculator is designed to help traders automatically determine the appropriate lot size based on the dollar amount they are willing to risk. It includes features for automatic lot sizing, fixed lot risk calculations, take profit calculations (both automatic and fixed), max run-up, and max...
Here’s a detailed description for your script, following the guidelines for clarity and originality: --- **Title:** God's of Liquidity **Description:** The "Gods of Liquidity" script is a comprehensive trading tool designed to help traders identify high-probability buy and sell opportunities based on a combination of liquidity levels, RSI-based sentiment...
Market Breadth - Asymmetrik User Manual Overview The Market Breadth - Asymmetrik is a script designed to provide insights into the overall market condition by plotting three key indicators based on stocks within the S&P 500 index. It helps traders assess market momentum and strength through visual cues and is especially useful for understanding the proportion...
Balance of Power Indicator ⚖️ The Balance of Power Indicator is a visual tool that illustrates the power dynamics between buyers and sellers by analyzing recent price action. Instead of providing direct buy or sell signals, this indicator shows how the tilt of a symbolic scale reflects the relative strength of both parties. The calculation is based on the...
SYNOPSIS Automatically generates a Fibonacci Retracement anchored to the candle of your choosing. As price moves further away from the anchor point, the fib levels automatically adjust to represent the entirety of the move. BULLISH VS. BEARISH It automatically detects if the Fibonacci Retracement should be drawn from the low or high of the anchored candle by...
The Risk On/Risk Off Williams %R indicator is a technical analysis tool designed to gauge market sentiment by comparing the performance of risk-on and risk-off assets. This indicator combines the Williams %R, a momentum oscillator, with a composite index derived from various financial assets to determine the prevailing market risk sentiment. Components: ...
Percentage Change Indicator This indicator calculates and displays the percentage change between the current close price and the previous close price. It provides a clear visual representation of price movements, helping traders quickly identify significant changes in the market. ## Formula The percentage change is calculated using the following...