Hello all, To ease everyone's trading experience I made this script which colors RSI overbought and oversold conditions and as a bonus displays bullish or bearish divergences in last 50 candles (by default, you can change it). Script is open source, part of code is from Trading View examples. If you have suggestions or you already made some improvements, please...
you can use this srtategy multitime but the best time is your chart should be on5 min and multitime 1 should be on15 then when the the red an green line cross blue line get long position and get short position when upside down
Bears Bulls Impulse, originally known as the the Elder-Ray Index, is a technical indicator developed by Dr. Alexander Elder that measures the amount of buying and selling pressure in a market. This indicator consists of two indicators known as "bull power" and "bear power," which are derived from a 13-period moving average. Included: - Various average modes to...
TASC's March 2008 edition Traders' Tips includes an article by John Ehlers titled "Measuring Cycle Periods," and describes the use of bandpass filters to estimate the length, in bars, of the currently dominant price cycle. What are Dominant Cycles and Why should we use them? Even the most casual chart reader will be able to spot times when the market is...
The Fisher Transform is a technical indicator created by John F. Ehlers that converts prices into a Gaussian normal distribution.1 The indicator highlights when prices have moved to an extreme, based on recent prices. This may help in spotting turning points in the price of an asset. It also helps show the trend and isolate the price waves within a...
I use the Average Directional Index quite a lot in my trading both manual and automatic trading so i thought i would make it a little easier for myself and others to see if the ADX is above or below a certain value and to allow space on the chart for other indicators. This is done by plotting a green and red bar, green when the ADX is above a certain value and red...
TECHNICAL AVERAGE = ( EMA 8 + EMA 21 + MA 50 + MA 200 + MONTHLY PIVOT + ANNUAL PIVOT ) / 6 One such indicator for those who trade with Fundamental Analysis . One line. He'll show me where to get the stock. TEKNİK ORTALAMA = ( EMA 8 + EMA 21 + MA 50 + MA 200 + AYLIK PİVOT + YILLIK PİVOT) / 6 Temel Analiz ile işlem yapanlar için böyle bir indikatör. Tek...
Level 1 Background As requested, this is a combo of OBV and MFI indicators Function On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville's New Key to Stock Market Profits. The Money Flow Index (MFI) is a technical...
This Momentum indicator shows a green or red ribbon when smoothed momentum is bullish or bearish. It also includes a long moving average for overall trend confirmation. Wait until the ribbon holds above or below the long moving average and take positions in that direction. To get an easier to read momentum indicator, I smoothed the momentum out and paired it next...
Woodies CCI is a Commodity Channel Index-based system developed by Ken Woods. The main principle of this system is that the price moves in the direction of CCI. Some traders use the indicator to spot a number of tradable CCI patterns both with and against the trend. Woodies CCI (SafeDay) is used to identify the zero line rejection, turbo line and CCI line break...
Stacked Daily & Weekly EMAs + Labels Pretty much self-explanatory indicator that shows the current momentum based on the key exponential moving averages. Three stages of the EMAs: 1. Stacked Positively (Bullish) - EMAs are stacked on top of each other which represents a healthy bullish uptrend (green Label). 2. Stacked Negatively (Bearish) - EMAs are stacked...
This is based on ChuckBanger Juric indicator (a modification of it) things you need to know how to work with this one to control the wave setting you need to adjust the length , slow ,fast and c in menu for optimal result positive trend is above zero in green negative trend bellow zero red the best part herein this indicator is to finding of high and low...
Level 1 Background My market sentiment indicator system mainly includes collecting various statistical data and drawing. Again, it was fitted using the OHLC data. This belongs to the latter. Function Through a simple calculation, the ratio of high and low breakouts to the price range, we know the sentiment of funds. At the same time, a delay line is used as a...
The ADX and MACD confluence can be a powerful predictor in stock movements. This script will help you find those confluences in an easy to understand visual manner. It includes Buy and Sell signals for detected confluences, and will show colored candles to help you determine when to exit a trade. When the candles turn to white that means the detected confluence...
============ ENGLISH ============ - Description: This indicator is a Smoothed Commodity Channel Index with crosses with a signal SMA. It combines 4 different and configurable timeframes to find dips and tops. It has several configurable timeframe combinations, so you don't have to reconfigure the indicator on each timeframe, you can have a preset for your favorite...
If you struggle with the entries, low % win rate or trading the squeeze setup overall, this indicator is for you! If you look closely at your losing trades, chances are the losers have one thing in common = inverse momentum. I created this tool after I found out that Stacked EMAs and picture perfect trend is not the only thing you need for a squeeze setup....
A combination of "On Balance Volume (OBV)" and "Volume Oscillator". "OBV Momentum" is a trend momentum indicator, that can be used to identify strong trends and also trend changes based on volume. High positive values indicate strong volume on the buy side, high negative values indicate strong volume on the sell side. An increasing OBV momentum indicates a...
This is an Enhanced version of the standard MACD Indicator. It displays the MACD Histogram as a normalized oscillator for a better visual representation (With values between -100 to 100) On the top we have the WaveTrend indicator, showing the general trend of an asset (4 Color codings) On 0 line, with red and yellow circles, is displayed the Contraption (or...