Description The purpose of this indicator is to create symbols that try to show the most accurate positions possible for trading. The formation of BUY/SELL symbols is based on the intersection of RSI, MACD and 6 bar moving average. Additionally, BOLLINGER bands were used to determine the lower and upper points. For example, while the price is falling, it will...
Addressing the Shortcomings of Conventional Candle Charts I. Surmounting Volatility Challenges In the realm of combined heightened or subdued volatility and erratic market conditions, traditional candlestick charts are susceptible to deficiencies in isolating extraneous data noise (e.g. high/low wicks, given their frequent incongruity with pivotal market...
Overview This is a Z-Scored Momentum Indicator. It allows you to understand the volatility of a financial instrument. This indicator calculates and displays the momentum of z-score returns expected value which can be used for finding the regime or for trading inefficiencies. Indicator Purpose: The primary purpose of the "Z-Score Momentum" indicator is to help...
This indicator is based on the "Linear Regression Channel (Log)," which, in turn, is derived from TradingView's "Linear Regression Channel." The "Regression Line (Log)" indicator is a valuable tool for traders and investors seeking to gain insights into long-term market trends. This indicator is personally favored for its ability to provide a comprehensive view...
█ Overview The Fibonacci Structure & Trend Channel (Expo) is designed to identify trend direction and potential reversal levels and offer insights into price structure based on Fibonacci ratios. The algorithm plots a Fibonacci channel, making it easier for traders to identify potential retracement points. Additionally, the Fibonacci market structure is plotted...
This indicator is designed to detect and plot Double Tops and Double Bottoms, by setting the initial high or low using standard pivot points. Double Tops A Double Top is a bearish reversal pattern, typically found when an uptrend returns back to a prior peak. It signifies a potential turning point or resistance level and could potentially reverse in...
Contraction & Doji Lines indicator is designed to identify and visualize potential support and resistance levels on a price chart. It does this by detecting doji candlestick patterns and drawing horizontal lines from the middle of the doji bodies to the right. Additionally, it also highlights price contraction zones with colored boxes. The indicator first...
Introduction: The SIP Smartly indicator is designed to mimic the behavior of a systematic investment plan, a popular investment strategy where a fixed quantity of an asset is purchased at regular intervals, typically monthly. In this case, we're applying this concept to trading by specifying a start date, a fixed purchase quantity, and certain conditions for...
This indicator is a tool that could help the users what the market trend is at any time, based on legendary trader, Mr. William D. Gann . Gann it self called this the “Trendline Indicator”, but modern traders call it Swing. Gann’s primary use his techniques in correlation with this trading tool helping him achieve his phenomenal trading results. Gann swings...
For day traders, establishing a trend at the start of the day is critically important for setting targets and entering positions. This can be difficult when traditional moving averages lag from previous days, causing late entry and/or incorrect trend interpretation. The Day Trader's Anchored MA indicator plots three dynamic moving averages which restart on each...
This code generates a buy signal when all four conditions are met: The candles should be below the EMA5 line. The signal generating candle’s previous candle should have the high to EMA5 gap of not less than 0.01%. The signal generating candle’s volume should not be less than 90% of its previous candle. The signal generating candle should close above the EMA5 line...
TVMA is a special type of moving average that differs from the traditional usage of moving averages. TVMA is a lagging moving average, and the degree of lag is determined by the parameter "tvmaLength". When "tvmaLength" = 1, the TVMA line coincides completely with the data source curve without any lag. As the value of "tvmaLength" increases, the lagging effect of...
The Resistance Support Relative Strength (RSRS) indicator, published by Everbright Securities, is a technical analysis tool that enjoys immense popularity among Chinese quantitative traders, owing to its stellar performance in China's stock markets. 🟠 Principle The indicator treats daily highs and lows as resistance and support levels respectively. It measures...
The Giga Kaleidoscope GKD-C 2nd Order High Pass Gaussian Filter is a confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System." █ GKD-C 2nd Order High Pass Gaussian Filter The "2nd Order High Pass Gaussian Filter" is a signal processing filter applied in the context of financial data analysis. A high-pass filter lets through...
RSI Divergence Smoothed This indicator is based on the RSI Divergence indicator by @InvestitoreComune. The "RSI Divergence Smoothed" is a custom technical indicator designed to highlight divergence between two RSI (Relative Strength Index) lines: a fast RSI and a slow RSI. The divergence is then visualized on the chart, assisting traders in recognizing...
The Supply and Demand Anchored indicator is an anchored version of the popular Supply and Demand Visible Range indicator. Once adding the indicator to the chart, users need to manually select the starting and ending points for the indicator's calculation. The estimated supply/demand zones are then extended. 🔶 USAGE The proposed indicator makes use of the...
Indicator for trading with currency pairs Get Access to ICEALGO indicators: icealgo.com All scripts & content provided by ICEALGO are for informational & educational purposes only. Past performance does not guarantee future results.
This indicator is based on the price average of the Ichimoku Strategy taking into account the last twenty five bars. The blue band represents an upward momentum whereas the white band represents a downward momentum. The red line is the 50 EMA which is used as a dynamic support resistance level for this strategy. This indicator also has alerts that can be...