Release Note: Idea of this script is to ride on the trend. Multiple dynamic support and resistance are identified and those levels are used Step Lines: There are 3 different periods by default are used to define 3 different step lines. On any trend, either of these 3 steps shall play major role Color Strength: Change in Red & Green color and its...
An interesting experiment to make an indicator act as a counter. I call it CCH - Close Counter Histogram. It adds 1 when current close is higher than previous close and reduces -1 when current close is lower than previous close. In the CCH settings you set how many bars to look back and use EMA to smooth the results or disable EMA smoothing. Disable the EMA...
Hello friends, As per many experts, supertrend indicator is best to use in combination with other indicators like MACD and RSI. The best thing about supertrend it sends out accurate signals on precise time. The indicator offers quickest technical analysis to enable the intraday traders to make faster decisions. It is extremely simple to use and...
- Trend Matrix with Alerts - This is pretty much the only Trend Indicator you will ever need. Alerts are included :) It includes all the common indicators and creates a positive or negative score (which can be used with my Modular Trading Framework) QQE-RSI-W% ICHIMOKU-TREND ICHIMOKU-TWIST ICHIMOKU-CLOUD SUPERTREND PSAR TTM BB/ KELTNER SQUEEZE ALLIGATOR - Use...
Today I propose a simple but an effective tool to use as a trend identifier. It is simple because it doesn't require user to tinker with it and it works on all scripts and all time frames. It is effective because it's based on what I believe to be the most used ma's by the traders who are successful and usually trade with large qty. So, what's under the...
This is a modest approach of assembling my most favorite strategies into a single indicator script! I extended the functionality of the ART to the maximum in this piece of price action and volume analysis. The original "Average Range Targets" - though by default turned off t due to heavily re-scaling the chart - and the previous day's high and low. What I've...
There are important price levels in the market that occur when high volumes of trading occur. The indicator is set to look for periods where there is 3x's the 50-period average volume and then it graphs a horizontal line going forward in time for reference as support or resistance. Generally speaking, if the market rallies into a line then look for the market to...
Hello everyone , This script plots relative strength(rsi) of 14 period in last 30 candles under the candle, this helps u in finding the strength of the trend , I use it for my exit trades, the default label length is 30.
Yet another Array indicator, simple, but efficient which i call ADO. The indicator acts as a COUNTER of when CLOSE closes above OPEN and vice versa based on specified look back period in settings. If we have more Closes above Opens, obviously the indicator will be above ZERO and GREEN, otherwise RED. Optional to smooth it by EMA (true by default). Like if you...
MA Cloud with Fill This is a powerful custom indicator that uses 3 Moving Averages with a 4th Constant 200 MA (can be customized) This tells you what the market is doing, and what the overall trend of the market is. A good Swing trade or Day trade indicator. This indicator works on all markets , it was made and based off of normal candles but heiken ashi...
Thanks to The Sweet Lord , here is the Gaur's Polynomial Regression Channel. Its a Polynomial Regression Channel but applied a little differently. Wont go into technical details much. Overview of options is as follows- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -...
My EOD (End of Day) system for trading on the daily timeframe with minimum stress. Just pair the built-in alerts with the bot of your choice and then let the indicator do the rest. It'll determine the current trend, filter out as much noise as possible and then take you from long to short. There are options to toggle the following: Auto fibonacci levels with...
This strategy takes trades based on swing high and swing low. When ever a swing high is made and a momentum follow thru is there trade will be taken. By doing this we can exit early same time we would be able to enter a trade early. some time when minor swing highs and lows are there we avoid using a filter. Only Major swing highs and lows are taken. While...
One challenging issue for beginner traders is to differentiate market conditions, whether or not the current market is giving best possibility to stack profits, as earliest, in shortest time possible, or not. On intraday, we've seen some big actions by big banks are somewhat can be defined --or circling around-- by HMA 200 . I've been thinking on to make the...
Volume Brakout indicator is used to help determine trend direction strictly based on Negative and Positive volume data. How to Read: - Moving Average crossovers are used to help determine a possible trend change or retracement. - The area cloud on the bottom is calculated by the difference of the moving averages. This could be used to help determine the trending...
PIP RAID is another form of a macd Most indicator use close as their primary source which is good but side effect of it is the lag in 1-2 candles I created in the past the VPT indicator which is a volume indicator similar to OBV and I tranform it to be ised as a source insted of close . the reason for it since it a volume based indicator it faster and can help in...
™TradeChartist MA Waterslide is a beautiful visual indicator that uses an original method to plot a trend based waterslide on price action, based on one of the 15 types of moving averages of the source price. The Waterslide helps identify the trend and also helps spot key Support and Resistance levels visually from the confluence of Waterslide...