Another experiment with Supertrend by making use of pivot point high/lows. Trailing Stop types used in this indicator are: ATR - plain ATR based supertrend Breakout - ATR based supertrend combined with breakout. (Trailing triggered only if price change is higher than HighPriceChange multiplier times ATR. Pivot Points - Trail only when new pivots...
™TradeChartist Simple Bollinger Bands Toolkit is a useful set of Bollinger Bands based utilities, which includes 0 mean %B Oscillator , price volatility based BB Width , actual Bollinger Bands and BB Breakout Signals . =================================================================================================================== ™TradeChartist Simple...
Detecting Support and Resistance Levels Description: Support & Resistance levels are essential for every trader to define the decision points of the markets. If you are long and the market falls below the previous support level, you most probably have got the wrong position and better exit. This script uses the first and second deviation of a curve to find the...
Why hasn't someone made an indicator that can tell the difference between a trend and trading range? RSI gets butchered in a trend, and MACD gets annihilated in a trading range. Wells Wilder Jr. tried to make a complete system with the Directional Movement System, but the results weren't great. I think I've found the solution in the Gregoire Channel. Based on a...
Description : This Stochastic variant will auto-adjust stochastic period based on volatility measured by standard deviation. The idea behind it are in highly volatile market, %K period will be reduced to account for recent price range, while in low volatility market, %K period will be increased to account less of the recent price range. This idea is based on...
Visualize the floating R:R of an active position. Input the stop loss and target to return live R:R
Script is showing potential reversal zones on chart, based on calculations of High/Low of selected period, smoothing it with selected type of Moving Average and applying Standard Deviation. Preferred to be used for contrarian traders. Another alternative usage would be to lock profit from open positions as this is very often early warning before reversal...
3 indicators in 1. Included Indicators are: - MA 5,25,50,100,200 - Ichimoku - Bollinger Band These can be used to determine changes in trends when: - MA's collide, trajectories shift, or certain levels are reached. - Ichimoku cloud is above or below the candles. - Bollinger Band's width changes, or range is broken. Reasons for 3 in 1 assembly: This indicator is...
Intraday Money Management Indicator (IMMI) Class : trend indicator Trading type : intraday trading Time frame : 1H Purpose : intraday work in trend Level of aggressiveness : standard Indicator « IMMI » (Intraday Money Management Indicator) is our attempt to combine technical analysis with money management and put it into a form of technical...
Daei MCDX is an indicator based on mutilple relative strength index ( RSI ) with different period, then classify into 3 categories : Retailer, Hot Money and Banker - Green - Retailer - Yellow - Hot money - Red - Banker
Most Advanced & Accurate CandleStick Pattern Detector Looking All Over of All Markets for All Important Powerful Reversal | Corrective Patterns (25 type) Filtering the Results with Optional Features like Oscillator, Bollinger Bands, Volume Confirmation, Prior and Following Candles Confirmation which are Fully Customizable. With this you can detect: Hammer...
Gann Seasonal Dates // ========================================================================// This script helps you spot important events in the market using Gann seasonal dates and cycles This script inludes 4 major seasonal dates and 6 minor seasonal dates. All of which are very powerful if you are a time trader. This script also complements the Gann...
The MegaChange indicator is a traditional Change - on steroids! This indicator visualizes the Change from the current bar to the one before. Besides showing the standard change (% change from the previous bar's Last to current bar's Last), the indicator also includes the % change from the previous bar's Last to current bar's High, and to current bar's Low. The...
Fishing The Trend HOW Does it work ? The code uses dynamic levels to identify trend. This script used SuperTrend (ST), ATR and relatively Smoothened ST for early trend reversal detection to determine the trend and direction so that a fruitful decision can be made. To Indicate the strength of the trendline, The standard calculations of SuperTrend, along with...
This script is based on the famous turtle strategy with add on cha stop. - Fast Buy triggered when price cross upper DC 20. - Slow Buy triggered when price cross upper DC55. - There is 2 lines (black line) which is Stop Line and Average Up line. - Stop when price close below Stop Line and Average Up when price close above Average Up line. - There is 2 Sell signal...
from the concept of double ma, for purpose of decreasing false signal from original chandelier exit, i'm using shorten period and lower multiplier of ATR input for "chandelier exit" line to work like fast ma, and create ma of closing price. **Not Backtest yet**
Support and resistance Strategy (FX and Crypto) Description: This strategy uses “support” S and “resistance” R levels, which can be computed using the “pivot point” (a.k.a. the “center”) C as follows: C = (PH + PL + PC) / 3 R = 2 × C - PL S = 2 × C - PH Here PH, PL and PC are the previous day’s high, low and closing prices. One way to define a trading...
Indicator based on strategy shared by Nimblr in Elearnmarket Face to face interview Red Circle means "Indecision" (I) Green Plus means "Momentum" (M)