- VWAP, volume weighted average price; - Plus Envelope bands: 1) Dinamic, adjusted by volatility: - - - daily ATR or - - - daily Standard Deviation 2) or simple fixed % increments bands, defined by user. # Intraday timeframe only. # If volume data is absent, the indicator will not work at all. Hope this could help the community.
Volume based indicator. Calculates 14 period average green and red volume bars. Makes comparison betweeen them.
Hello Everyone. After working on new and better trend lines script for couple of weeks, finally I am proud to publish Trend Lines v2. How it works? - On each bar it finds last 10 higher and lower Pivot Points (PP). - from first bar to 10. PP it search if a trend line is possible - for each it starts searching from the last PP. - it check if drawing a trend...
The KPLSwing indicator is a simple trend following mechanical trading system which automates the entry and exit. The trading system is extremely simple and easy to use and removes emotions from trading. The trading or investing logic is simple.... buy on close above 20 days high and sell on close below 20 days low. No targets are given as profits are unknown...
Fractal A type of pattern used in technical analysis to predict a reversal in the current trend. A fractal pattern consists of five bars and is identified when the price meets the following characteristics: 1. A shift from a downtrend to an uptrend occurs when the lowest bar is located in the middle of the pattern and two bars with successively higher lows are...
It just shows in Percentage the distance to the ATH, useful to find S%R levels and maybe even find overvalue
"™TradeChartist Levels Generator" is an easy to use script that can be used by traders of all levels from beginners to advanced professionals. What does the script do? Plots the support and resistance levels automatically based on user preference of Local levels of Lower or Higher Timeframe from indicator settings. Plots Fibonacci retracement levels...
Custom D7R version of the traditional OBV (On Balance Volume) enhanced with an EMA and D7R signature color scheme. Includes Histogram mode which is great for divergences analysis.
This is Dynamic Support / Resistance script. How it Works? It finds Pivot Points and creates channels for each Pivot Point. Channel size is calculated by (Highest - Lowest) * %Channel_size in Loopback Period. After creating channels it calculates that how many Pivot Points in the channels. more Pivot Points in channel means stronger Support/Resistance. in the...
This is a modified Floor Trader Pivots with added top and bottom central pivots for use in intraday
This algorithm is designed to add up more power to AAT strategy. Even though they are completely different strategies they work very good together. It takes in consideration Oscillators and strenght index combined with a trading pattern. It has an histogram where it shows wheather we are on a bullish trend, a bearish trend or even in a phase where its better...
OBV plotted with Bollinger Bands to show whether the volume is breaking out from its normal deviation (both up or down). The OBV changes color depending on the macro trend which is set using a 100 EMA.
This script looks for divergences on up to six indicators, sums them up and draw a histogram below the chart. You have several options to customize the output: 1. indicators: RSI, Stoch RSI, MACD, CCI, OBV, WaveTrend (LazyBear) 2. Divergences: Regular, hidden, both 3. Lookback period for divergences BITSTAMP:BTCUSD
Mashed together Chris Moody's ADX thing with his DMI thing. So you can see trend strength + direction green-ish = uptrend-ish//red-ish = downtrend-ish Colors can be adjusted though. below 10 = gray, not much going on 10 - 20 = light green/light red, could be the beginning o something 20 - 40 = bright green / bright red, something is going on above 40 = dark green,...
This is the lightweight version of Ruoyu Monte Carlo, it offers elegant signals. Here's how to trade with it: When the upper band and lower band are blue and the green color appears on the index, long. When the upper band and lower band are red and the red color appears on the index, short. And should never ever counter trade when the bands are signaling...