Description Bias is also known as deviation rate which is a technical index derived from the moving average principle. Its function is to measure the deviation degree between the stock price and the moving average line in the process of fluctuation. Usage Generally , Moving averages of period 6,12,24 and 72 are used in the calculation. Of course, it is...
Here’s an indicator that calculates the difference between the average distance we need to look back to find the up and down volume equal to the total volume of the last n bars. The further we need to look back to find the up or down volume, the more bearish or bullish its value is. A not-yet published indicator from the PS-V5 blog!
Deviation rate (BIAS), by calculating the distance between the closing price and a moving average to reflect the reversal created by the degree of deviation between the price and the moving average during a certain period of time. Above the zero axis is called positive deviation and belongs to the bullish zone, while below the zero axis is called negative...
This indicator contains the foundation indicators used when adopting the RexDog Trading System. The RexDog Trading System uses simple rules, probability, and key areas of market reaction to reverse engineer momentum within the market. These common rules and reactions are shared across all chart types, markets, and timeframes. The foundation of the philosophy...
The RexDog Market Bias takes the RexDog Foundation Base Indicators and applies weighted rules to provide a single percentage bias result based on the chart and timeframe you are looking at. This should be combined with the RexDog Foundation. * Consider this a Beta release with many improvements on the way. Also, realize at this time there are no hard rules on...
Bam-- look what Rex did. A RexDog Average with ATR bands-- he's going insane. Simple but powerful. This indicator includes the RexDog average but provides you with the ability to plot (and customize) both above and below ATR calculated bands. With this indicator you can display all 3 or any combination of the bands: the RexDog Avg, Adding ATR Upper or the...
Yes, simple—the RexDog Average is a bias moving average indicator. The purpose is to provide the overall momentum bias you should have when trading an instrument. It works across all markets and all timeframes. Usage: Price above the RexDog AVG = long momentum bias Price below the RexDog AVG = short momentum bias *Note: we have banned the word “trend” in...
My HL2MA is a 'proprietary' formula based on the idea that I never again want to see a jagged average line. I released a version of this a long time ago, but I wanted to update it to how I have it on my charts in other platforms. Here are some notes about this moving average script: The default input value is 5, and I suggest the range of use 4-6 with the...
Level: 3 Background Bias alone is a powerful tool for trading. I use SMA3, SMA10, SMA20, SMA30 to cover short and middle term of the trend for scalping. Multiple biases can be introduced for long and short entries. Function Use SMAs and biases for scalping with whale move alert (banker fund flow detection) Key Signal buy --> entry signal for long strongbuy...
I wanted a way to be able to see whether a separate security was above/below its own EMA(s) and to see those EMA crossovers on a correlated asset. This script shows barcolors for directional bias of any chosen asset (manual ticker input) according to whether its price is above, below, or between two EMAs. This also includes a candle close requirement of 15...
Level: 2 Background A simple moving average (SMA) calculates the average of a selected price range, usually closing prices, based on the number of periods in that range. A simple moving average is a technical indicator that can be used to determine whether an asset price is holding a bull, a bear, or is reversing. The bias shows the moving average rate of...
Simple indicator that keeps track of your thoughts on directional bias from the Monthly Timeframe down to the 1 Hour Timeframe. Features include: Toggle Timeframes On or Off Keep Track Of Up To 10 Currency Pairs At A Time Adjust The Offset From Price So The Indicator Is Out Of The Way
Trends & Ranges uses EMA ATR bands as a SuperTrend indicator. How to use: This indicator can be used to give you a direction bias, with the added function to create ranges which often lead to reversals or flat trading periods. Trade the break-out or wait for pull backs in the direction of the trend. I'm not great at explaining stuff and will probably make...
™TradeChartist TrendStalker helps visualise the Market Bias through 3 different Plot types and also displays Trend Direction Identifier (Green, Red and Orange square blocks) that can be connected to ™TradeChartist Plug and Trade to generate Trade entries, Targets, StopLoss and create alerts based on performance on the chosen timeframe. The three plot types...
This is an updated version on one of my previous scripts. Small explanation in the description. This new script gives you a direction bias based on closing above and below the lines, with an option to filter fake signals by waiting for one more candle close. Also added more moving averages compared to the first script (built ins + donchian) Hope you like...
Basic BIAS Deviation rate (bias), also known as deviation rate, or y-value for short, is an indicator to reflect the deviation degree between the price and MA in a certain period of time by calculating the percentage difference between the market index or closing price and a moving average, so as to obtain the possibility that the price will reverse or rebound due...
作品: 均線乖離率 (Moving average Bias Ratio) The concept of Moving average Bias Ratio is according to the difference between the long/short-term MA changes, determine the direction of buy or sell. Long if the short-term MAs is above the long-term MAs; Conversely, if the short-term MAs is below the long-term MAs, it is not held....
The Bias indicator is a sub-chart allowing the users of the main B.I.T.S (Breakout Intelligent Trading Signals Indicator) suite. This Bias indicator automatically looks at a higher time frame and indicates bullish , neutral and bearish Bias. This is respect to our 3 points of control EMA´s. Check out our signature to learn more!