ATR Stop Channel: Often used as a dynamic stop loss management tool, this indicator:
Calculates the ATR over a configurable period, default 14
Based on configurable multipliers, draws a channel of (close + atr-multiple, close - atr-multiple)
The reference point of close is also configurable to allow a different source, e.g. you can use an EMA if you wanted...
Are you a BEAR?
Then get out of here!
This indicator is only for long movements, its reading is simple and if you use it correctly it will give you very good results, the components are:
The highest quality configuration is as follows:
It is not necessary that all the components...
To learn how to read indicator, please refer to
This version combines all major MA's in a Volume Oscillator formula. It then takes the average of all and applies alert conditions.
It also includes Intra-Day trading for each major volume zone -...
I made this for personal use, for a indicator, but bcs I dont see a script like this I wanted to just post it for other ppl.
This is just a script that tells the candles based on %, including wicks. (wicks are inverted to save space and bcs I prefer it)
This works for all markets.
RSI with a twist. The values are calculated differently depending upon whether the RSI is above or below the centre point. I have found this gives:
More pronounced divergences which are easier to spot and more accurate at predicting local top and bottoms
More accurate indications of overbought/oversold...
I'm often asked to provide an alternate view on the CoT data. For example, the indicator "Commercial index" is an oscillator from 0 to 100, but oftentimes it can be helpful to look at the absolute position. So, here the absolute position of certain parts of the CoT report are given, alongside with the percentage of a given time frame to put them in...
In general, Bollinger Bands are used as an indicator to visualize the "reversion to the mean". However, in this model, by using smaller variable values (default: 10 time intervals instead of 20, 1 standard deviation instead of 2), they are used as an trend following indicator. Two consecutive closes above the upper band form a buy signal (symbol 'B' above...
By using this indicator, you can see these points.
1. Yesterday's OHLC + half price, today's limit price
2. Last week's OHLC + half price
3. 5 EMAs
Especially effective for foreign exchange, metals and indices.
//This indicator shows Day's candle measurements with past averages. First column shows the candle details for the present day.
//"Open - Low", "High - Open", "Range(=High-low)", "Body(open-close)"
//Averages are calculated for occurences of Green and Red days. Up Averages are for Green days and Down Averages are for Red days.
//Average are not perfect...
// this is an educational Script - basicly its very simple - you can see how minimal changes impact results, thats why i posted it
// Credits to Quantnomad to publish tons of free educational script
// this Script is based on Quantnomads Ultimate MA Indicator
// HA - Option for calcultion...
=== Easy dynamic resolution dashboard (initial) ===
Easy dashboard to show different running reolution bars most of the scale is adjustable.
Current state is initial and could have some bugs, or been in a cleaner way of coding. Let me know if you find something so we could fix it
Best way to start is in a seperate pane to adjust the...
Plot the source high, low and close of any given ema or sma. Support and resistance is defined as an area where price is likely to bounce or get rejected and since MA's are usually just one line, this band is meant to act as an area surrounding the original MA and therefore avoiding fake outs.
This is a LAGGING indicator which can provide a good indication of trend. It require a certain (configurable) number of candles to have closed before it can determine whether a pivot has formed.
It provides a 20 period SMA for the timeframe of your choice which is color coded to show the trend according to confirmed pivots.
Long / Short bias...