Original script from ©akpaswaniitk. I just added MACD to filter out bad trades and alert function so that we get notified whenever indicator gives us an entry signal. Most of the false breakout has been removed but the remaining ones only pop up during consolidation, so it's wait for the retest before entry. Works better in continuous market. Also look at the...
The ORB with Price Targets Script will display the Opening Range (15 minutes of the open session by default) High and Low. It will then render upper and 2 lower Price Target Levels based on 50% and 100% profit targets of the Opening Range. The opening range is customizable in the settings, where you can choose from 5 minute, 15 minute, or 30 minute Opening...
Built with love "Smarter SNR (Support and Ressistance, Trendline, MTF OSC) " This indiator will show you Support & Ressistance, Good Trendline, and Multi-timeframe analyzing of Oscillator (Stochastic and RSI) You can combine with your own strategy, or use this purely DISCLAIMER : Measure the risk first before use it in real market Backtest The Strategy was very...
This indicator displays immediate Pivot Highs/Lows compared to the current price as lines on the chart. It can be useful to identify support/resistance.
This script simply generates prior d/w/m/q/y high and low pivots. -You are able to add alerts to the indicator directly. -Fully customizable lines. -Turn specific pivots on and off. -"LineRightOffSet" set to 8 works best for D and higher time frames. (Line Extension wont be so far out) Any questions feel free to reach out. Trying to find a solution for...
A simple indicator that uses Pivot Points as a filter and to generate a Directional Bias . How to use this indicator? 1. Directional Bias Bullish => Closing Price > Pivot Point Bearish => Closing Price < Pivot Point 2. Support / Resistance Each Pivot Points can be used as Support or Resistance 3. Take Profit Targets Each Pivot...
Level: 3 Background Supply and Demand represent the two most powerful forces of the market. Demand means the number of buyers buying a security in the market. Supply means the number of sellers selling a security in the market. Large supply takes the price to move down and large demand takes the price to move up. Balance in both forces will keep the price in...
Level: 3 Background Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move. A trendline is a line drawn over pivot highs or under pivot lows to show the...
Pivot Points High/Low, sometimes referred to as "Bar Count Reversals" allows highlighting market prices local tops and bottoms. This method compares the price value at a certain index within a user-specified window length and tests whether it is the highest (pivot high) or lowest (pivot low). This method can return successive pivots of the same type, thus missing...
Hello Traders, It's finally that time, I'm releasing my baby out into the world. Unreal Algo is the answer to the question you didn't know you were asking. It's for beginners and advanced traders alike. I've made the settings very customizable, but also easy to just jump right in. How it works: It uses tons of calculations, confirmations, and filters to bring...
Introducing the Multi-Day vWAP indicator that is fully customizable with average indicator option. High level overview (default settings): Default is 10 plots with each setting 1 day apart (1-10 day look back) Labels for each plot are turned on by default (labels will default to your value, more below) Use Style tab in options to change colors, plot style,...
Good afternoon traders, This is a script I built for option selling, in attempt to have a high success rate. The gist of how it works: It uses the opening or close of the current chart's timeframe opening bar when referenced against a designated (higher) timeframe's central pivot range (CPR). Using that comparison, this script calculates an option to sell: ...
Concept of Supply and Demand Zones The concept of supply and demand zones is confusing to some traders. And most tend to believe it's not a concrete concept to be relied upon as they don't exactly know where to draw the lines precisely that best represents the supply and demand zones. A demand zone is where most traders placing their buy order based on the...
Script to ploy Bolded Pivot and Intermediate Pivots based on the TraderLion Daily Plan. To use the automatic alerts, you need to open the add alert menu and select BP / IP as the Condition and then select the add any alert() function call. Otherwise, you can select and create your own alerts for crossing any of the BP or IP levels. Alerts work best when setting...
Retracement refers to price reversal after reaching a recent high or low, finding an area of support or resistance, and then continuing in the direction of the bigger picture trend. The concept of 50% retracement is based on the work of W.D. Gann. Gann was born in 1878 in Texas. Over his trading career, it's been stated he was one of the most successful traders...
Lines plotted for the Low and High of the region of price that was Overbought or Oversold (Low of the candle that became overbought and highest high in the Overbought period) (High of the candle that became oversold and highest high in the Oversold period) I like to use the dotted lines as pivot points for the reversal of the trend, and also pay attention to...
█ OVERVIEW -Following many people's request to add "Volume" mode again in my "Institutional OrderBlock Pressure" script. I decided to release an improved and full-fledged script. This will be the last OB/Retracement script I will release as we have explored every possible way to find them. █ HOW TO INTERPRET? -The script uses the the 0.5 Pivot and the...
Detects significant naked levels(Levels that have not been touched since the candle closed) and draws them on chart. These provide excellent profit targets and often reversal levels. Roadmap: ✅ Candle open ☑ Point of control ☑ Multiple timeframes ☑ Something else? Leave a comment.