Credit to @Zoen Triste for his original script at I just amend it for the 4H time frame. The main function is for dynamic support and resistance when day trading using smaller time frames such as 15mins so that we don't have to juggle between 4H and 15min time frames to see where is the EMA21 at 4H for the moment.
updated my on screen options added chris moody's day of the week - added that option so that day range can be seen easily - credit to chris moody. also have favoured EMAS and bollinger band so that 3 indicators can be used on accounts with 5 indicator options. colours can be changed in the script so ones that suit white back grounds or can save a template...
Minimum and maximum points in a day trading session. It may help you spot the range which min and max occur in a session. In day trading, for example, at securities like GBPNZD, minimum happens between 02:00-05:00 ET and maximum between 08:00-14:00 ET. This indicator can help you test this hypothesis. Happy trading!
Measure of the total candle length, including the upper and lower wicks. Works best as a histogram in my opinion. Used as a quick reference for the high minus the low of each candle.
This indicator has three built in indicators based on the SMA of HIGH, SMA of LOW, and Stochastic. The baseline indicator is the retreats after departures from SMA of HIGH and LOW. The first time a HIGH that is above the SMA HIGH has a lower HIGH but it still above the SMA HIGH, a (-) will appear at the bottom. This signals an aggressive entry point for potential...
Rate of change of most volatile JPY and GBP pairs. All pairs ending in JPY are red except GBPJPY (colored yellow --currently most volatile 7/2016). GBPNZD is blue, the other GBP pairs are green, lime and teal. GBPJPY and GBPNZD are my favorite day trading / swing trading pairs. This script allows me to see the action of the most volatile and liquid pairs on one...