Price and Volume are the significant drivers in the market. They both come along to create supply and demand. As a trader, we should be knowing when the price levels on charts that tend to act as barriers, preventing the price from getting pushed in a certain direction. It's often difficult to spot them with the eyes when you are typically new to the trading...
The indicator is inspired by Toby Crabel's work. Originally 2-Bar NR pattern is defined as the narrowest range from high to low of any two day period relative to any two day period within the previous 20 market days. However, this script allows user to look for N Bar narrowest range within user defined numbers of previous days Settings are as follows: 1. N...
How this works: This Indicator looks to identify patterns which shows high movement area which may have occurred due to big orders at that time. It helps to Identify Price Action Zones where we may anticipate some reverse move. These Zones & Moves are helpful for Traders. Buying Zone is below current Market Price. It indicates Price Action area where Buyers...
This indicator will help in identifying the reference candles for taking entry into the trade. These reference candles are been named as LONG & SHORT Candles for easy understanding. LONG Volume Candles - are reference candle for taking long positions. SHORT Volume Candles - are reference candle for taking short positions. Color Coding of Volume Candles: LONG...
Dear Traders, "You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future." ~Steve Jobs This quote from Steve Jobs, explains the very essence of this indicator. Trading is Simple, Why make it complicated. ~ Ravi Chandran The main motto building this Traders...
This indicator lets us to automatically detect and mark strong and clear Price Action levels in which there were Accumulation and Distribution phases in any timeframe. This Accumulation and Distribution is associated with a laterality in the market and they are usually important price levels to take into account for either future Price Action trades in Supports...
This volume indicator detects and paints with different colors up to 3 ranges of volume level necessary to identify the price zones where large investors act and trade with the price and volume's strategy. It will be easier and faster for you to identify the important volume levels in order to apply them to your trades. The greater difference and advantage over...
Outline of Indicator: Purpose of this indicator? Main purpose of building this indicator is to help traders who refer Current Month Futures to look for the volumes while they trade on the Index chart, with some added analysis on the volumes. What it CAN DO? Traders rely on volume as a key metric because it lets them know the liquidity level of an asset, and how...
As promised i present you Version 2 of the Dynamic Zones. PP Dynamic Zone with Additional features included as follows. 1. CPR 2. Camarilla Pivot and Level 12 3. On/off switch enabled for Camarilla L3,4 and L5,6 which can be exclusively used for L4 breakouts sessions. 4. 3 EMA configured with 20,50,200 Exponential moving Average. 5. Exclusive Moving average can...
For Educational Purposes. Results can differ on different markets and can fail at any time. Profit is not guaranteed. This only works in a few markets and in certain situations. Changing the settings can give better or worse results for other markets. This is a breakout strategy that uses the heiken ashi bars to find the support and resistance levels or the swing...
Exchange weighted price for cryptocurrencies DECENTRALIZED PRICE CHART FOR DECENTRALIZED WORLD See non-manipulated , globally price action that comes from whole liquidity! The main idea behind this script is that... The value of each trading pair finally determined globally and the price displayed in exchanges is its own and not global! differences...
This is a simple end of the day indicator based on open and close values. Angles: Identifying narrow angles helps to find breakouts Maximum angle = High chance of reversal Minimum angle = Chance of breakouts on the next day or upcoming days. Price Flow: I personally use price flow to simplify the flow of candlestick chart and to identify breakouts using...
This script uses floor pivots and a VIP level which is very important level from Price action point of view. These levels act as strong support and resistance levels. I Mainly use this for Banknifty:NSE but these can be used across any instrument which is can be traded. This script will be upgraded further with more price action concepts.
This script helps in plotting multiple price action tools useful for a intraday/positional trader. 1- It can Plot opening range breakouts ( ORB ) and can customise the opening range starting from 1 min to 60 mins as you wish. 2- It can plot historical opening range breakout levels. 3- It can plot multiple timeframe (Daily/Weekly/Monthly ) CPR lines and future...
This is a script which identifies the Narrow Range Candles or the Base Candles. This scrip do not change the color of the Base candles but identifies them, hence any Gap between the Base Candles are not omitted. Gaps are extremely valuable information while trading based on Price Action. So, we will have all the valuable information while analyzing the chart...
Price Action - Level/Zone (Expo) indicator identifies buying and selling pressure that has an impact on the price movement. This is visualized by a Zone, or Levels or with Barcolors depending on which settings are used. Depending on the selected settings the indicator can identify buying and selling pressure which pushes the price further in the trend direction...
Will be making more enhancements to the Buy Sell indicator in the coming days.. The main idea of the indicator is to pick up small but powerful ups and downs in the market. I personally use 1 min Time Frame as it works the best for me. These are quick entries, you can either exit quickly or trail your stoplosses for a nice profit. The design is to provide...
This is my proprietary momentum oscillator indicator. It is an indicator that seeks to track the momentum of price actions. When the oscillator is above zero, it is interpreted to reflect upwards price momentum. Likewise, when the oscillator is below zero, it reflects downwards price momentum. Additionally, there are overbought and oversold zones at 10 and -10...