This script automatically detects horizontal support / resistance levels based on user-programmable criteria.
For example, you can detect boundaries with >3 touches within 200 days, allowing a tolerance of 1/4*ATR.
"Touches" are defined from pivots on the chart. The best way to search for larger/smaller patterns is to increase/decrease the pivot size.*
...
This indicator serves a purpose of a trend recognizer. It is able to tell you whether the market is bullish, bearish or if the price goes sideways.
Process of determining the trend:
- The indicator uses 3 moving averages to determine the trend
- For each of these averages, there is calculated value change over a certain period. So, if the value of Moving...
A quick and easy "at a glance" display for the viewable candles. It does repaint, but that is a non-issue, as it is simply a quick and handy tool to visually see a quick peek at the visible range.
The highest, lowest, and average are displayed, with labels for the percentage distance from the current close value and total range.
Automatic color for each based on...
Description:
A Long only strategy based on breakout from a certain level formed by High price. It has auto-backtesting capabilities (you set ranges for the three main parameters: Lookback, TP and SL; the strategy then goes through different combinations of those parameters and displays a table with results that you can sort by Percentage of profitable trades...
Its the part 2 of Multiple Indicators 50EMA Cross Alerts.
Its more suitable for the seconds chart. Beside, you can use it in higher timeframe.
The input bars length is the sample size that the code will use to trigger all alert. 20 mean 20 bar after the current candle.
When you activate volume alert you can select an amount of volume that when volume cross it...
Percent Research is an indicator that will plot a color / column on the chart in case custom requirements are met.
The requirements are:
- Price : Price requirement (equal or above input).
- Change % Up : Amount the price have moved up in percent (equal or above input).
- Change % Down : Amount the price have moved down in percent (equal or below input).
- ...
Moving Average Based Zig Zag differs from the traditional Zig Zag indicator in that pivot points are determined by a moving average, Volume Weighted Hull Moving Average, rather than looking for the highest or lowest point in a left / right period.
Settings
Source: the source for the pivot points.
Moving Average Length: the length of the Volume Weighted Hull...
█ OVERVIEW
This indicator show lines of OHLC which can be commonly used as support and resistance zones.
OHLC can be shown table with candlestick visual.
Color of candlestick depends on direction of bullish / bearish of the chosen candlestick.
█ INSPIRATION
Inspired by design, code and usage of CAGR . Basic usage of custom range / interactive, pretty much...
I've read around here various definitions for engulfs along the lines of "an engulf consumes all orders at a level to allow price to easily pass through it." . That doesn't make much sense to me, if the guys with billions of dollars want to break a level, they will break it and price will run off very often. We've seen it time and time again, they don't need to...
This is my quality of life indicator for forex trading using the methods and concepts of ICT.
The idea is to automate marking up important price levels and times of the day instead of doing it manually every day.
Killzones
Marks the most volatile times of the day on the chart, during which the intraday high/low usually takes place.
Particularly impactful...
I was exploring a simple idea how I can visualize the ticker performance against the underlying Index (or any other ticker) performance.
how it works:
When the line is moving up (blue zone), the ticker is performing better than the underlying index (e.g. SPX)(configurable).
When the line is moving down (red zone), the ticker is performing worse than the...
This is a simple line tool that can give you active feedback based on the closing price.
It is intended for a live chart whose ticker is not changed by the user every 10 minutes, like a general overview of an asset in a higher time frame.
What can it provide:
Price difference from the price to the line
Price at the current collision point
How to use it:
When...
Library "BinaryInsertionSort"
Library containing functions which can help create sorted array based on binary insertion sort.
This sorting will be quicker than array.sort function if the sorting needs to be done on every bar and the size of the array is comparatively big.
This is created with the intention of using this to solve a bigger problem posted by...
This is a Trend Following strategy based on the Trend Confidence indicator.
The goal of this strategy is to be a simple Trend Following strategy, but also to be as precise as possible when it comes to the question 'how confident are we that a linear trend is ongoing?'. For this we calculate the 'confidence' of a linear trend in the past number of closing prices....
Level 2
Background
A algo for pivot points forecast for each bar of automatic multiple timeframe (MTF) data.
Function
In financial markets, a pivot point is a price level that is used by traders as an indicator of market movement. Pivot points are averaged from important prices (highest, lowest, closing) based on the market performance of the previous time...
Level 2
Background
A algo for pivot points forecast for each bar and its low tf data.
Function
In financial markets, a pivot point is a price level that is used by traders as an indicator of market movement. Pivot points are averaged from important prices (highest, lowest, closing) based on the market performance of the previous time period. There are many...
Investing Zones indicator shows the areas where LONGS or SHORTS can be made, the areas are calculated based on the mathematical averages of the high and low peaks of the price.
-There is an area called "No trading Zone" where the price is too slow, It also has a Alma Trend Ribbon (blue for uptrend, pink for downtrend) that helps to make trading decisions.
-You...
Detects divergence before it has formed a valid divergent pivot, across multiple indicators. After publishing my Strength of Divergence Across Multiple Indicators script, it seemed there were a lot of people who wanted to see the divergence signals before the divergent pivots were actually confirmed. Everyone complains about indicators repainting, yet in the next...
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