ATR (Average True Range) Stop Loss Version 1.0 A trailing stop loss is a way to exit a trade if the asset price moves against you but also enables you to move the exit point if the price is moving in your favor. Many day traders use the ATR to figure out where to put their trailing stop loss. At the time of a trade, look at the current ATR reading. A rule of...
Many people use a 1D chart with either sma20 or ema20 as their short-term trend line. That is based on the assumption that the underlying stock's turnover rate is not lower than 20 days. That implies that the underlying stock takes at least 20 days of trading to turnover its floating shares. In this case, we can consider a complete turnover of all...
VBand Strategy is simply used Vwap funcation and atr 14 for find the entry and exit points. This simple Strategy.
Plots fair value gaps or imbalances on the chart. Imbalances are a skip in liquidity, zones where prices move quickly away from, which causes orders to not be fully filled in there. Think of it as weekend gaps, but during trading hours. Settings: 1. Line Length - length of plotted lines 2. Delete Lines - Delete lines after FVG is filled 3. Fill Option - is fill...
This is a slightly modified version of the Delta Volume v2.1 indicator from kernel_phi. You can read the documentation here:
Can be extended with more derivative or spot pairs, see the comments in the code for instructions. Most importantly, the pairs need to be added to the respective arrays in the same order, so that the weights are applied to the correct pairs.
This indicator is build keeping in mind how the Indian Market is formed - the free-float market capitalization concept 1) Considered new FINNIFTY - Nifty Financial Service index stocks according to NSE 2) Multiplied each stock Volume by its Weightage given in NSE Site every month End - means giving importance to volume by its weightage 3) Green Candle -...
Turnover Cycle indicator Turnover Cycle indicates how many days the market capitalization will be completed traded once. The MA and EMA based on the Turnover Cycle would help you to observe the average market holding shares' price position. If you buy the share when the price is lower than the average market holding shares' price position, that will dramatically...
Calculated the average cost of the shares in the market. If close > indicator, means the market average share cost is below the close, this is a bullish sign. Otherwise, the market average share cost is above the close, which is a bearish sign. Currently not feasible for index ETF (eg. SPY) or leveraged ETF (eg. TQQQ). Will update code in later versions.
This strategy is based on a single price action analysis, where volume and price changes will trigger buy and sell orders. This strategy also can be used in combination with alerts to trigger orders in other exchanges or systems. Best performance is currently achieved using 4H timeframe.
█ OVERALL Plot waindrops (custom volume profiles) on user defined periods, for each period you get high and low, it slices each period in half to get independent vwap, volume profile and the volume traded per price at each half. It works on intraday charts only, up to 720m (12H). It can plot balanced or unbalanced waindrops, and volume profiles up to 24H...
A better tool to measure market volatility. The true ranges are weighted by the volume and averaged through the specified period.
This indicator is used to filter the trend of stock. 2 period moving average is used to filter the unstable market. Retracement only max 3 days,to avoid big retrace cause profit burn. Background color is based on candle color. Green Candle = Bull Momentum Yellow Candle = Possible Retrace / Bear Momentum ( to avoid miss the bull wave ) Red Candle = Bear...
Dear all, I wish a Happy New Year! The last time I tried to developing a Volume Heatmap, that the Marketorders made. With the currently version I achieve my skills for that and I present it for everyone - some bugs I cannot solve today. It also possible to see the POC - also the dynamic of volume developing: The background for that is to find the...
Pullback Alert!! How this alert triggers: - Volume today closed higher than previous day - Stochastic Golden Cross - Triangle will appear below bar - Alert will then triggered
This indicator plots the Cash Initial Balance for the ES, YM, NQ. The Cash Initial Balance for US indices is the high & low from 9:30-10:30 ET, the first hour after the NYSE open.
HOW'S THIS INDICATOR DIFFERENT ? If you are familiar with my work, then you would know that I am into creating indicators with tons of parameters, almost all of which are left for you to configure. While this gives you an incredible level of customization, the feedback I received was that some of you felt a bit overwhelmed by them. As such, I decided to create...
Hi. this is Tirano Introduction to Volume Paradox 1. The lines where the support or resistance acts once are expressed by lines. Once hit and bounced, there is a retest through bounce, and it is likely to bounce again. - Therefore, if you enter from the section represented by the line when the recurrence occurs, the probability of linking with the profit is...