Cosmic Channel Lite ( CC Lite) draws dynamic non-repainting trendlines and helps ⭐ know when a breakout is about to begin ⭐ predict the position and timing of the next swing reversal ⭐ predict sudden changes in volatility ⭐ recognize whether the price is in bearish or bullish territory 👀 HOW IT WORKS Cosmic Channel Lite draws a dynamic channel consisting...
Open Drive is a market profile concept introduced by Jim Dalton. It occurs when the price moves directionally and persistently for the first 30 minutes from the cash market open. It is necessary to use 30-minute bars as there needs to be enough time to measure an extreme move of the cash open. This means there will be fewer trades than other strategies using...
The indicator calculates a fast price filter based on the closing price of the underlying asset. Overall, it is intended to provide a fast, reliable way to detect trend direction and confirm trend strength, using statistical measures of price movements. The algorithm was adapted from Marcus Schmidberger's (2018) article "High Frequency Trading with the MSCI World...
Brief: This oscillator style indicator takes another indicator as its source and measures the change over time (the slope). It then isolates the positive slope values from the negative slope values to determine a 'normal' slope value for each. ** A 'normal' value of 1.0 is determined by the average slope plus the standard deviation of that slope. The Scale...
Auto Trend Lines Breakout with Confirmation Bounce Signals and Alerts This indicator draws trend lines automatically based on the 2 pivot points, which are calculated based on the specified number of bars (length), which is of course customizable. The indicator then shows you when these trend lines get touched (potential bounce) or “almost touched” (Yes! The...
This indicator is perfect for traders who want to identify trend lines on a chart. It draws higher low uptrends and lower high downtrends, making it easy to see where the trend is going. You can also customize the settings to fit your needs, making it the perfect tool for your trading arsenal. With this new tool, you can easily customize your experience to get...
=== Musashi-Fractal-Dimension === This tool is part of my research on the fractal nature of the markets and understanding the relation between fractal dimension and chaos theory. To take full advantage of this indicator, you need to incorporate some principles and concepts: - Traditional Technical Analysis is linear and Euclidean, which makes very...
There are several Linear Regression indicator in the Public Library, but I don't think there is one that converts the Linear Regression (LR) curve into angle in degrees, relative to a set reference frame. Due to the large price range between tickers, creating this indicator isn't as straight forward as I originally thought. For example, given the same time period,...
MAGIC MACD ( MACD Indicator with Trend Filter and EMA Crossover confirmation and Momentum). This MACD uses Default Trading view MACD from Technical indicators library and adding a second MACD along with 3 EMA's to detect Trend and confirm MACD Signal. Eliminates usage of 3different indicators (Default MACD , MACD-2,EMA5, EMA20, EMA50) Basic IDEA. Idea is to...
Coefficient of variation (“COV”) is a statistical measure used to describe the variability of values within a data set, it’s calculated by taking the standard deviation divided by the mean. Traditionally, COV is applied to the expected returns of competing investment portfolios. A risk adverse investor prefers to accept a portfolio with a relatively lower COV...
This indicator uses a total of four indicators, 'ParabolicSAR', 'EMA', 'MACD', and 'TSI', to indicate the direction of the trend as well as the progress signal of the trend. Basically, the overall trend is analyzed by the 'EMA' and 'TSI' indicators, and the buying trend is displayed in green and the selling trend is displayed in red candlesticks. An...
IMMEDIATE TREND - VULNERABLE_HUMAN_X This indicator is used to identify the immediate trend in the market. When a Short Term High (STH) is engulfed and closed above, we consider that as a bullish trend. And Similarly, when a Short Term Low (STL) is engulfed and closed below, we consider that as a bullish trend. STH - A candle that is higher than the one...
Long/short strategy that identifies extreme readings on the rsi as a *momentum signal*, unlike most RSI strategies the script will look to buy or sell the first pullback in the direction of the extreme RSI reading. Enters positions on the first pullback to the 5ema(low)/ 5ema(high) and exits at rolling 12 bar high/ low. The rolling high/ low feature means that if...
This indicator is a trend filter based on fibonacci retracement levels How to read: - There are three filled zones --> red, yellow and green - If the price is inside of red zone, there is a downtrend on the market - If the price is inside the yellow zone, there is a sideways trend on the market - If the price is inside the green zone, there is a uptrend on the...
Description: An indicator based on ATR adjusted for volatility of the market. It uses Heikin Ashi data to find short and long opportunities and displays a dynamic stop loss level. Additionally, it has alerts for when the trend changes (which is an entry signal). How it works: It works by dynamically calculating the Period for ATR which depends on current...
This indicator marks the area where the overbought/oversold section of the Stochastic RSI and the overbought/oversold section of the RSI overlap with arrows. If an upward arrow appears on the indicator, it can be recognized that both StoRSI and RSI have entered the oversold zone. When a down arrow appears, both the StoRSI and RSI can be considered to have entered...
Wunder Trend Reversal bot 1. Wunder Trend Reversal Bot - this has only one goal to find a reversal of the trend. 2. The strategy determines, based on the specified value for the filter, a market reversal based on the price actions of the previous bars. 3. A short EMA is used to filter false signals after the reversal signal was received. Crossing the EMA and...
RSItrend is a trend indicator based on the standard RSI. The logic of building the indicator: We build a channel based on the RSI extremes. The exit of the RSI from the channel up is the beginning of the uptrend, the exit of the RSI from the channel down is the beginning of the downtrend. In the downtrend, the candles are colored blue, in the uptrend -...