Average Daily Range (ADR)
(Multi Timeframe, Multi Period, Extended Levels)
• Narrow Zones are an indication of breakouts. It can be a very tight range as well.
• Wider Zones can be Sideways or Volatile.
What is this Indicator?
• This is Average Daily Range (ADR) Zones or Pivots.
• This have Multi Timeframe, Multi Period (Up to 3 Levels) and Extended...
This script would find potential reversal price zones according to RSI over bought or sell condition and big reversal candle.
It works better in range markets and lower time frames like 5M and especially in Support/Resistance zones.
Suit for scalping in forex or crypto markets.
* Use it as a trade assistant not a trade signal!
"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett. Fearzone is a contrarian indicator that gives us an indication when fear begins to take over in the market. Traders should be prepared for increased volatility and good trading opportunities.
The Fearzone is visualized with red candlesticks below the price.
"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett. Greedzone is a contrarian indicator that gives us an indication when greed begins to take over in the market. Traders should be prepared for increased volatility and good trading opportunities.
The Greedzone is visualized with green candlesticks above the price.
Relative Strength Index (RSI) is being used by majority of the traders to get benefitted based on the swings. But these swings are hard to Identify.
This Indicator uses 4 major factors for finding the potential reversal points:
RSI Crossover or crossunder
Overall volume against the moving average volume
Relative closing of the candles
This is a custom indicator of mine based on Tom Demark's 9 indicator which is also used in the beginning steps of the Demark Sequential Indicator which I will be publishing later. He recommends this be used for short term price reversals only but as you can see in the chart, it avoided the big crash in Feb 2020. I have marked when to buy or sell so it should be...
The Rainbow Oscillator is a technical indicator that shows prices in overbought or oversold areas. That allows you to catch the price reversal point.
.:: Dynamic levels ::.
The indicator levels are divided into several zones, which have a fibonacci ratio. Zones determine the overbought/oversold level. Blue and green...
Kawabunga Swing Failure Points Candles (SFP) by RagingRocketBull 2019
This indicator shows Swing Failure Points (SFP) and Swing Confirmation Points (SCP) as candles on a chart.
SFP/SCP candles are used by traders as signals for trend confirmation/possible reversal.
The signal is stronger on a higher volume/larger candle size.
A Swing Failure Point...
This script is based on scarf's "DeMarker with Highlights" and adds dots indicating where a possible reversal could occur, as well as a zones that can help you identify consolidation areas. This script also adds smoothing to decrease false signals so that the indicator is more reliable to signal reversal zones.
It is also very useful in determining divergence in...
The Setup Indicator was created by Tom Demark and this is one of many steps in his Sequential Indicator that I will be publishing at a later date. You guys all seemed to really like my Demark Reversal Points script and this indicator is very similar to that one. This indicator was designed for minor trend reversals and as you can see in my example chart, it...
The price always returns to the average !!!
An important separation of the price with respect to an average, indicates a depth and generally generates a reversion or correction in the trend. Depth detection is a simple and very powerful technique, it is widely used for scalping and pyramid operations, this indicator detects depth in 7 time frames, everything is...
This strategy is using Swing Failure Patterns as a reversion indicator.
The strategy automatically adapts itself to the timeframe of the current chart.
Swing Failure Pattern occurs when the price trend fails to set new highs in uptrend or meet new lows in a downtrend. This pattern helps traders decide when to enter and exit the market. Usually, traders enter...
For any Mel Widner, Ph.D fans out there, I present this decades old "Projection Oscillator" employing PSv4.0, originally formulated by Mel Widner for TASC - July of 1995 Traders Tips. Just when you may have thought it was the end of the evolutionary line for Mel Widner technology, it's not! Basically it's a hybridization of linear regression, banding, and a...
Alright - so this is my own version of John Carter's "10x Bars"... I have done multiple things that are different from his version so they are slightly different..
So first of all the main indicator is based off of the ADX and the DMI;
For those who aren't familiar with it, Directional Movement is what you'd pull up under "built-in's" from the indicators tab...
This is a simple Commodity Channel Index (CCI) indicator with multi-timeframe (MTF) overbought and oversold level.
It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily.
There are options to select 1-5 timeframes to detect overbought and oversold.
Green Background is...