The concept comes from "TTM Squeeze", this indicator visualizes the squeeze on the price movement. Yellow band overlay on the candles shows that entered a squeeze on with low volatility, market preparing itself for an large move (up or down). Dots of OBV change every bar, green means potential up, red is the opposite. Prepare a breakout order with the direction...
Average Day Range (ADR) is an indicator that calculates the average range of high to low of the candles for a set period of time. This is more useful for intraday trading, where, on an average day, you'd expect price to trade in a range similar to the ADR. This indicator also includes an Intraday Day Range (IDR), which can be used to track progress of the intraday...
This is a redesign of the Chandelier Exit indicator. It removes stupid transitions between Chandelier Exit' states and highlights initial points for both lines. This indicator was originally developed by Charles Le Beau and popularized by Dr . Alexander Elder in his book "Come Into My Trading Room: A Complete Guide to Trading" (2002). In short, this is a trailing...
This indicator is a detrended price series using the Parabolic Stop and Reverse (SAR) trailing stop, resulting in a bounded oscillator in the range (-100, 100). The SAR output is also normalized to obtain a noiseless oscillator which can complement the detrended price. Settings Start: Initial value of the convergence factor used when a new trend is detected...
5 linear regression curves and new highs/lows mixed together from the basis for this indicator. Using slightly different logic an upper boundary and lower boundary are formed. Then the boundary's are built upon to show price channels within the band using variations of fib levels and the distance between the initial boundary's. Dots plotted show the inverse of the...
This market-first trading strategy gives BUY, SHORT, and CLOSE signals based on volume, trend, and relative strength or weakness to the market (SPY by default, can be customized). This indicator is useful for signaling day-trade entries and exits for tickers that are strong (or weak) against the market. Stocks that are showing relative strength (or weakness)...
Standard Donchian Channels, this includes a Trend EMA which can be configured and the channels will use to give buy and sell signals. The channels are also colored in such a way to indicate a trend reversal. My favorite part that sets this apart from others is, if using the bClose option (which I recommend you do) the trend will not reverse until there is a close...
Displays the following values in a table in the upper right corner of the chart: ADR%: Average daily range (in percent). ATR: Average true range (hidden by default). Market Cap: Total value of all a company's shares of stock. All values are calculated based on daily bars, no matter what time frame you are currently viewing. Doesn't work for time frames >1D,...
Reverse Mean Log Returns (RMLR) indicator Here at Alpha Trading, we create indicators that are based on Volatility, Probability and Statistics. We always add our own secret sauce, to turn mathematical principles into indicators that are tradeable. If you have been here for a while, or even if you are new, you have most likely heard us talk about Returns in our...
This is a powerful new indicator with clear buy and sell signals.
The Basics Alert will trigger if the current (real time) price surpasses the high of the ATR of the previous bar. (can also be set for the Low of the ATR). Each time the follow up candle surpasses the high of the previous ATR, the background will be coloured orange. This makes back testing easier on the eye. This can be turned off. - Colours can be changed. - Can...
Over a decade ago, the Genesis Matrix system was one of best strategies for new traders looking to learn how to really trade trends. Fast forward to 2022, a new version of Genesis Matrix has emerged using TVI, CCI, HL Channel & T3 What is T3? The T3 moving average is an indicator of an indicator since it includes several EMAs of another EMA. Unlike any other...
William Blau Ergodic Tick Volume Indicator (TVI) is a volume/volatility indicator that is used for finding reversals in price movement What is William Blau Ergodic Tick Volume? This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book...
Volatility Ratio Adaptive RSX this indicator adds volatility ratio adapting and speed value to RSX in order to make it more responsive to market condition changes at the times of high volatility, and to make it smoother in the times of low volatility What is RSX? RSI is a very popular technical indicator, because it takes into consideration market speed,...
This script can be used as a visual aid in seeing the last highs and lows of price in a specific time period. It automatically updates the plots if new highs or lows are made within the given lookback period. This is a fairly basic version currently, with new added features coming in future updates such as range between high/low and half and whole number detection.
Not quite the usual approach to plotting targets on the chart, where the price will come with a given probability. The indicator draws targets by studying the ATR of the target timeframe. More precisely, this is not exactly an ATR - the price move is taken from the closing price of the previous bar and is calculated both up and down separately. The settings...
This is a squeeze momentum oscillator with ADX-RSI, Elliot waves oscillator, HMA background and more. I recommend configure ADX-RSI with the following settings: -ADX Length = 14 -ADX smooth = 14 -RSI Length = 14 -Threshold = 15 -Upline = 70 -Downline = 30 Thanks to OskarGallard for develop this indicator. I am Sc4lp1ng, the developer of EMA MTF cloud and...
Hi Traders, I've developed an indicator which can detect fake-breaks on the chart. In the following you'll find the definition of the fake break candles and also you will find how to recognize it on the chart with practical examples. What is the fake break pattern? Sometimes support and resistance lines broke with a full body and strong candles that gives us...