Bollinger Bands are mostly used for trend reversal. I believe they should be used for Trend Continuation and Trend Confirmation. In this Trending Bollinger Bands script you will see two bands drawn on chart. The Upper band is suggestive of Uptrend and Lower Band is suggestive of Downtrend Market. It just provides the guidance of where the market is now and...
Volatility is cyclical, after a large move up or down the market typically "ranges" during the next session. Directional order flow that enters the market during this subsequent session tends not to persist, this non-persistency of transactions leads to a non-trend day which is when I trade intraday reversionary strategies. This script finds trend days in BTC...
// How it Works \\ Measuring the distance of the close price from a higher timeframe VWAP - Volume Weighted Average Price There is a threshold which is calculated by looking back at the previous x amount of bars and storing the highest/lowest values If the distance from the vwap stretches above that threshold, the histogram will go green if price is above VWAP and...
This indicator determines periods of bull market when a buy-and-hold investor can hold the asset, and bear market periods when they should avoid holding it. Though it was designed primarily with cryptocurrencies in mind, it can be successfully used for any market. Technically, the indicator is an asymmetric trend filter aimed to account for the fact that market...
AlphaTrend is a brand new indicator which I've personally derived from Trend Magic and still developing: In Magic Trend we had some problems, Alpha Trend tries to solve those problems such as: 1-To minimize stop losses and overcome sideways market conditions. 2-To have more accurate BUY/SELL signals during trending market conditions. 3- To have significant...
TWAP with: - Anchoring: Custom, Day, Week, Month, Quarter, Year (custom anchoring can be selected by dragging a vertical line through the chart) - Standard Devation Bands - Auto-coloring depending on the trend
You can use this indicator to detect the levels and trend. I used the highest of the two last highest pivots and the lowest of the two last lowest pivots to calculate "max" and "min" or high level or low level. I also calculate the average of the 4 values to reach the average line which could be a trend detector in higher lengths. Default length is 3 but using...
This is a trend trading strategy designed mainly for forex made of two big components: First we have the currency meter, which is made of taking TSI of different INDEXes such as EUR, USD, GBP, JPY, NZD, AUD , CHF and CAD. Once we establish which one is the weakest and most powerful, we pair them together and we go on that chart. Lastly we check with the EMA 200...
Top gray line is the fractal resistance. Bottom gray line is the fractal support. Central red line is the average of the top&bottom fractal. Fractals can be displayed as support and resistance, and the red fractal average line indicates a trend. 상단 회색선은 프랙탈 저항, 하단 회색선은 프랙탈 지지, 중앙 빨간선은 프랙탈 상,하단의 평균, 프랙탈은 지지와 저항으로 표시되고 빨간색 프랙탈 평균선은 추세입니다.
This indicator shows market structure. The standard method of using Williams Highs and Lows as pivots, is something of an approximation. What's original here is that we follow rules to confirm Local Highs and Local Lows, and strictly enforce that a Low can only follow a confirmed High and vice-versa. -- Highs and Lows To confirm a candle as a Local High, you need...
Mult-Timeframe Moving Average Convergence Divergence (MACD) and Percentage Price Oscillator (PPO) indicator that allows for viewing of 1 to 5 different Timeframes. Brief Summary The primary benefit of multi-timeframe indicators is getting better entries and confirmation from viewing multiple time frames at once, which can often get overlooked. MACD shouldn't...
This script will change the color of normal candlesticks to the color that the corresponding Heikin-Ashi candles would have. This allows to spot a trend or a trend reversal just by looking at candles, without using Heikin-Ashi candles, which distort the appearance of a typical chart.
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...
The leading indicator is helpful to identify early entries and exits (especially near support and resistance). Green = trend up Red = trend down How it works: The leading indicator calculates the difference between price and an exponential moving average. Adding the difference creates a negative lag relative to the original function. Negative lag is what...
5year breakeven inflation rate fitted for log BTC chart as Support and Resistance
BINANCE:BTCUSDT Open source version of the Trend-Quality Indicator as described by David Sepiashvili in [ Stocks & Commodities V. 22:4 (14-20) ] Q-Indicator and B-Indicator are available both separately or together █ OVERVIEW The Trend-Quality indicator is a trend detection and estimation tool that is based on a two-step filtering technique. It measures...
Quoted from Cheatcountry : “The Leading Indicator was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 235) and as the name implies, this is a leading indicator that provides super early signals. Feel free to change the alpha values to adjust to your needs. Buy when the indicator line is green and sell when it is red.” His original...
EMA clouds colored by DI and ADX indicator: 9 EMA and 21 EMA Cloud turns green in a bull trend and red when in a bull trend...if the trend is half bulll and half bear..the clouds turn white. I also coded if the momentum in increasing (yellow) or if the momentum is decreasing (blue) or if the momentum is flat (white). The Clouds are colored based off the Di...