Analyses MACD crosses with Ichimoku cloud direction and state General idea: - MACD crosses usually point to a change in trend direction and Kumo state and direction often act as a confirmation as well as a trend strength indicator. Using this, the script points out where there were was or can be a point where the trend change may have the strength to carry...
The Demand Index is a complex technical indicator developed by James Sibbet that utilizes over 20 columns of data to measure the ratio of buying pressure to selling pressure. James Sibbet established six rules for using Demand Index: 1.A divergence between the Demand Index and price is a bearish indication. 2.Prices often rally to new highs following an extreme...
52W Drawdown - Use 1D or Greater Timeframe
This is an Updation to our LFT PROGRAM V2. We have corrected some bugs like multiple order triggers. We have introduced system to take continuation signal from yesterday which was missing in the V2. we will be using Once per bar, instead of Once per bar close. The rest all are same and the description of the Algo is given below This strategy takes trades based...
Level: 2 Background John F. Ehlers introuced Voss Filter Strategy in Aug, 2019. Function John Ehlers’ mining of the digital signal processing literature space in his article in this issue, “A Peek Into The Future,” brings us another interesting tool for seeing a bit below the noise surrounding price series to better locate turning points. In “A Peek Into The...
The MTP Reversal Bars, MTP Swing Pivots and MTP ATR Stop are all included in the MTP Analysis Script. The MTP Reversal Bars give the entry triggers for the MTPredictor Trade Setups. Blue for a potential Buy, Red for a potential Sell, and Grey for neutral. Please note, these are only to be used in conjunction with our MT Trade and MTP Advanced Trade Setup...
The MTP Advanced Trade setup script contains the Wave 3 variation of MTPredictor automatic trade setups, TS1(W3), TS3(W3), TS4(W3) as well as the Volume Spike (VS) setup. The TS1(W3), TS3(W3), TS4(W3) trade setups are designed to catch the end of a Wave (2) correction, with the aim of trading the Wave (3) swing. The Wave (3) swing is usually the strongest and...
The MTP Trade setups script contain the standard MTPredictor automatic trade setups, TS1, TS2, TS3, TS4 and DP. The TS1, TS2, TS3, TS4 trade setups are based around the ABC correction of varying degrees, and as such, are designed to catch the end of a correction in a continuing trend. Whereas the DP is a trend termination setup at our MTP DP level on oscillator...
The MTP Wave Price Targets script allows you to project “in advance” WPT (Wave Price Target) zones on your chart, these anticipate where the next Elliott Wave swing is likely to end. WPT zones are calculated using clusters of Fibonacci Price levels that are specific to the Wave in question. This is designed to be used with the users own “manual” Elliot Wave...
The MTP Elliott Waves script allows you to place an Elliott Wave count on your chart at a specific Pivot point. The script uses our unique “Isolation Approach” to Elliott Wave analysis, which has been used in our MTPredictor software since 2001. The Elliott Wave counts include the WPT (Wave Price Target) zones, where the wave found is likely to end. WPT zones are...
The MTP Trend script gives an easy to understand guide to the direction of the larger degree trend. Blue for up, Grey for neutral and Red for down. The colours are plotted on a 5/34 oscillator. The script is calculated using the position of the market relative to the MTP DP levels using the Major swings on the current Chart. It is the colour of the indicator that...
The MTP Decision Point (DP) is a tool to project “in advance” future support / resistance levels on your Chart. It is calculated using clusters of Fibonacci and Geometric Price levels. The MTP Decision Point (DP) levels can also be used to help determine the larger degree trend, as the market moves from one DP level to another. Traders can then look to trade "in...
The MTP VS Indicator is designed to identify high volume spikes, with the aim of finding “fake-outs”, where markets break out from previous swing highs or lows but then reverse at levels of MTP DP support/resistance. This is usually where the “professional money” enters the market to produce a sharp swing in the opposite direction. For more detail of the MTP DP...
This indicator plots pivot points with support and resistance lines based on average true range (ATR). ATR is one of the best volatility and trading range predictors, so it can be very useful for finding confluence in any strategy.
Of the three consecutive candles, the state where the space between the first and third wicks not filled is called imbalance. This indicator visualizes those imbalances. How to use: Used to recognize sudden supply and demand fluctuations that have occurred in the...
Detection and color visualization of the trend direction by constructing a candle envelope based on exponential moving averages and a double exponential moving line. Analysis of highs and lows and construction of trend lines. Showing support/resistance levels and trend forecast. English version.