Price Clouds (PS)
Price could shows you dynamic support resistance levels. It also displays two bands (ie clouds) that show you where the trend is. If the price hits the bottom of the high band thats a buy and if it hits the top of the high band its a sell. During times of volatility the price can break support but you will find that the opposite band will work as the next level. I added tool tips for every option to help explain what everything does and I also left suggestions for other settings.
This works great on everything! That being said I have this setup in a general way that works really well for 20m forex. If you are scalping you might want to speed up the indicator. This is also true if you want go to the daily chart or above. Adjust the Stdev to match the market.. and I mean really play around with.. dont be shy! With all that out of the way this really will work out of the box. If you like this indicator its actually the same thing as my (PBS) but this one is an overlay on the chart. (Also as of publishing this script the code for this version is way cleaner. In fact I plan on replacing PBS with this as its base)
If you find this indicator is useful to you, Star it, Follow, Donate, Like and Share.
Your support is a highly motivation for me.
This works great on everything! That being said I have this setup in a general way that works really well for 20m forex. If you are scalping you might want to speed up the indicator. This is also true if you want go to the daily chart or above. Adjust the Stdev to match the market.. and I mean really play around with.. dont be shy! With all that out of the way this really will work out of the box. If you like this indicator its actually the same thing as my (PBS) but this one is an overlay on the chart. (Also as of publishing this script the code for this version is way cleaner. In fact I plan on replacing PBS with this as its base)
If you find this indicator is useful to you, Star it, Follow, Donate, Like and Share.
Your support is a highly motivation for me.
Notas de prensa:
Quick fix on the chart
Notas de prensa:
chart should be fixed for real
Notas de prensa:
tool tip update
Notas de prensa:
Major update that over doubles the power of the study. Twice the lines making the clouds work way better. 6 ma's where added: TMA, WMA, HALMA, SMMA, VWMA, and GMA.
Notas de prensa:
tool tip update
Notas de prensa:
quick fix with input order lol
Notas de prensa:
Fixed input order (now that its not the middle of the "next morning" lol)
Notas de prensa:
Added mean line and background.
Notas de prensa:
Actually fixed input order. Updated tool tips. Added KAMA and fixed Smoothed Moving Average "smma". Updated default setting. Updated bg colours.
Notas de prensa:
oscillator version found here
Notas de prensa:
Greatly improved controls.
Notas de prensa:
chart
Notas de prensa:
Thank you
Notas de prensa:
Redone from the ground up. Added Geometric STDV.
Notas de prensa:
mild update
Notas de prensa:
removed a broken ma
Notas de prensa:
I should go to bed before updating lol
Notas de prensa:
this should be a stable release now
Notas de prensa:
fixed a small hickup with the default bottom source