Based on logic from many top contributors here, the script utilizes LazyBear's WaveTrend Oscillator Indicator along with custom code to plot a few key components for daily trading;
Boundaries for entry and exit points which are based on a 6-day trend in OPEN/HIGH and OPEN/LOW prices.
Daily HIGH and LOW points to establish a good view of stock's movements
This plots the QQE (Quantitive Qualitative Estimation)
with the addition of labels to show areas to watch out for and a colored cloud to show Green Upwards or Red Downwards Momentum
The QQE indicator is based on Wilder's RSI, which is based on a smoothed RSI comparing the change (delta Δ) between between bars
to compute the FastTL and SlowTL...
I bring to your attention a indicator to determine the point of buy and sell purchase.
It is based on oscillators and a moving average.
It can be used to work with bots, for example 3COMMAS DCA bot.
Signal Condition Settings:
The current candle is larger than the ATR for this period
The signal is necessarily below (for buy) and above...
The objective is only to evaluate different configurations, I do not recommend using only this indicator to trade, because you can lose all your money if you do not know what you are doing.
I hope you find it useful.
The price always returns to the average !!!
An important separation of the price with respect to an average, indicates a depth and generally generates a reversion or correction in the trend. Depth detection is a simple and very powerful technique, it is widely used for scalping and pyramid operations, this indicator detects depth in 7 time frames, everything is...
//Channel Commodity Index (CCI) with overbought and oversold alert features! Highly configurable indicator that includes a Topography map feature, used to detect & show minute threshold crosses.
//CCI is a momentum based technical trading tool used to help determine when an asset is reaching an overbought or oversold condition and is...
Pin Bar is one of the most important candlestick patterns. Almost every time you see a pin bar, you can expect the price to turn in the opposite direction.
You should pay more attention to the abnormal ones among the pin bars. What I mean by abnormal pin bar is that the long leg is at least 3 times larger than the body.
With this indicator, you can set your own...
This signal combines a portion of Chris Moody's 2014 SlingShot and my 2017 MTF Indicators. Both of our prior scripts over indicated Buy and Sell Points. This signal indicates a buy or sell point much less than our prior scripts did but with absolute precision.
I would say it is 100% accurate, but that is because I am yet to find a timeframe and symbol where the...
This indicator was originally developed by Stephen J. Klinger (Stocks & Commodities, V.15:12 (December, 1997): "Identifying Trends with Volume Analysis").
NOTE : this is the only correct version of Klinger Volume Oscillator in the public library.
Like and follow for more open source indicators!
This indicator gives a histogram of RSI in relation to an ema of the RSI.
The histogram is then smoothed to reduce false signals.
The actualiteit RSI line with overbought/overvols signals can be added or omitted as preferred.
The background can be color coded if the RSI is above or below 50.
Version 2. Added support for MTF. Longer timesframes (1h-3h) tend to...
The quadratic semaphore indicator is an indicator that find confirmed market u-turn with the help of 2 quadratic regression calculated with Highs and Lows over the last “length” periods.
- “p” setting is candlesticks quantity to confirmed the quadratic regression has formed a High or Low parabola, such as Fractals. Consecutive same signals can happen due to the...
Alerts added to "VWAP Stdev Bands v2" by SandroTurriate
-Adjusted trigger conditions for higher signal sensitivity
-Color change on bands and signals for better readability and ease on the eyes
-Alerts added for up to 4 deviations up and down
-Re-enabled deviations 4 and 5
-Re-enabled previous close
Are you a BEAR?
Then get out of here!
This indicator is only for long movements, its reading is simple and if you use it correctly it will give you very good results, the components are:
The highest quality configuration is as follows:
It is not necessary that all the components are aligned, the appearance of the upper mountain on the lower mountain is...