CM_Guppy_EMAGuppy EMA Trend Based Indicator Requested by 2use
General RULES
1. If Fast and Slow EMA's are ALL in Uptrend. Fast EMA=Aqua Slow EMA's=Green.
2. If Fast And Slow EMA's are ALL in DownTrend. Fast EMA's=Orange Slow EMA's=Red.
3. If Conditions 1 or 2 = False the Color=Silver.
4. If Down Trend Slow EMA's = Resistance.
5. If Up Trend Slow EMA's = Support.
6. Great Moves Start when Color=Silver, then colors change to Up or Down Trend.
7. Conservative move is to wait for 1st or 2nd Pullback.
Support
CM_Williams_Vix_Fix Finds Market BottomsLarry Williams Developed This Incredible Indicator. It Gives The Same Readings The VIX does for Stock Index’s…But This Indicator Works on All Asset Classes.
I Customized The Settings Slightly To Create “Percentile” Based Highlight Bars…So You May Need To Adjust Slightly For Your Asset Class. These Are The Standard Settings Shown Here. Designed For Daily Charts…But Works GREAT On Intra-Day Charts!!!
Download the PDF and Read To Learn Larry’s Thought Process.
Link To PDF:
dl.dropboxusercontent.com
CM_OldSchool_Projected_high_LowHeard this story from Larry Williams…the trader who holds the record for winning the U.S. Trading Championship by turning $10K in to 2 Million.
A trader named Owen Taylor developed this formula as a Floor Trader before to calculate the Projected High and Low of the next day.
The formula worked so well…Owen charged other Traders 1K to get it.
I was pretty impressed with the results…so I coded it for the Weekly, Monthly, Quarterly, and Yearly Projected High Low.
While Owen considered these levels to be major support and resistance, Larry has developed many strategies based on the Breakout of the Projected High Low.
Therefore I coded it so the Levels would plot Yellow, and change to Green if the Projected High was taken out, and Red if the Projected Low was taken out.
***I’ve noticed on many instruments, Stocks, Index’s, Forex etc., depending on the instrument it works great as Support/Resistance or Breakouts.
***On a Daily Chart put the Quarterly and Yearly levels on SPY and EURUSD and go back about 10 years. Levels are pretty accurate.
CM_Pivot Points_CustomCustom Pivots Indicator - Plots Yearly, Quarterly, Monthly, Weekly, and Daily Levels.
I created this indicator because when you have multiple Pivots on one chart (For Example The Monthly, Weekly, And Daily Pivots), the only way to know exactly what pivot level your looking at is to color ALL S1 Pivots the same color, but create the plot types to look different. For example S1 = Bright Green with Daily being small circles, weekly being bigger circles, and monthly being even bigger crosses for example. This allows you to visually know exactly what pivot levels your looking at…Instantly without thinking. This indicator allows you to Choose any clor you want for any Pivot Level, and Choose The Plot Type.
Indicator: Relative Volume Indicator & Freedom Of MovementRelative Volume Indicator
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RVI is a support-resistance technical indicator developed by Melvin E. Dickover. Unlike many conventional support and resistance indicators, the Relative Volume Indicator takes into account price-volume behavior in order to detect the supply and demand pools. These pools are marked by "Defended Price Lines" (DPLs), also introduced by the author.
RVI is usually plotted as a histogram; its bars are highlighted (black, by default) when the volume is unusually large. According to the author, this happens if the indicator value exceeds 2.0, thus signifying that a possible DPL is present.
DPLs are horizontal lines that run across the chart at levels defined by following conditions:
* Overlapping bars: If the indicator spike (i.e., indicator is above 2.0 or a custom value)
corresponds to a price bar overlapping the previous one, the previous close can be used as the
DPL value.
* Very large bars: If the indicator spike corresponds to a price bar of a large size, use its
close price as the DPL value.
* Gapping bars: If the indicator spike corresponds to a price bar gapping from the previous bar,
the DPL value will depend on the gap size. Small gaps can be ignored: the author suggests using
the previous close as the DPL value. When the gap is big, the close of the latter bar is used
instead.
* Clustering spikes: If the indicator spikes come in clusters, use the extreme close or open
price of the bar corresponding to the last or next to last spike in cluster.
DPLs can be used as support and resistance levels. In order confirm and refine them, RVI is used along with the FreedomOfMovement indicator discussed next.
Freedom of Movement Indicator
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FOM is a support-resistance technical indicator, also by Melvin E. Dickover. FOM is the ratio of relative effect (relative price change) to the relative effort (normalized volume), expressed in standard deviations. This value is plotted as a histogram; its bars are highlighted (black, by default( when this ratio is unusually high. These highlighted bars, or "spikes", define the positioning of the DPLs.
Suggestions for placing DPLs are the same as for the Relative Volume Indicator discussed above.
Note that clustering spikes provide the strongest DPLs while isolated spikes can be used to confirm and refine those provided by the Relative Volume Indicator. Coincidence of spikes of the two indicator can be considered a sign of greater strength of the DPL.
More info:
S&C magazine, April 2014.
I am still trying these on various instruments to understand the workings more. Don't forget to share what you learn -- any use cases / ideal scenarios / gotchas, would love to hear them all.
