Indicator is based mainly on two conditions : 1. Previous candle should not touch 5 EMA. 2. Current candle should close “ABOVE/BELOW” 5 EMA. Features - * Buy candle is represented by Aqua Color * Sell candle is represented by Fuchsia Color * You can set Risk: Reward ratio. ( Default = 1:2) * It also shows label for Entry, Stop Loss & Target. * Suggested...
Based on the official original average true volatility (ATR), two functions have been extended. Users can see the suggested stop loss and take profit parameters when entering a long or short order with each K-line. Part of the settings: Length: The preset is 14 K lines, which can help you grab the suggested stop loss point. Long-short single profit-loss ratio:...
It's a script that computes volatility-adjusted momentum indicators. The problem with the momentum indicator is that it's absolute and it's hard to interpret its value. For example, if you'll change the timeframe or instrument value of Momentum will be very different. We tried to solve that by expressing momentum in volatility. This way you can easier spot...
Power of Stocks - Bollinger band & 5ema Strategy In this script you get to take Buy/Sell trades using the 3 options mentioned below.(Alerts with price levels for buy/sell at , SL & Target are included in this one) 1. Combined Strategy :- uses confirmation from both strategies to trade. 2. Bollinger band Strategy :- use the Bollinger band Strategy to...
UFO + Realtime Divergences (UO x MFI) + Alerts The UFO is a hybrid of two powerful oscillators - the Ultimate Oscillator (UO) and the Money Flow Index (MFI) Features of the UFO include: - Optional divergence lines drawn directly onto the oscillator in realtime. - Configurable alerts to notify you when divergences occur, as well as centerline crossovers. -...
Physics Candles embed volume and motion physics directly onto price candles or market internals according to the cyclic pattern of financial securities. The indicator works on both real-time “ticks” and historical data using statistical modeling to highlight when these values, like volume or momentum, is unusual or relatively high for some periodic window in...
This script is just for reference to see the trading range. Do not use this strategy logic, it is just Test strategy. The trading range is colored depending on whether it is profitable or not. You can change the color if you want. When you declare the strategy, put (process_orders_on_close=true,calc_on_every_tick=true, max_boxes_count=500) in your script. Then it...
This indicator is best suited for mean reversion trading, shorting at the upper band and buying at the lower band, but it can be used in all the same ways as a standard bollinger band. It differs from a normal bollinger band because it is centered around the linear regression line, as opposed to the moving average line, and uses the linear regression of the...
The Stochastic Vix or Stochastic VixFix (SVIX), just like the Williams VixFix, is a realized volatility indicator, and can help in finding market bottoms as well as tops without requiring bollinger bands or any other construct, as the SVIX is bounded between 0-100 which allows for an objective thresholding regardless of the past. Mathematically, SVIX is the...
↕ ATR - Average True Range + Dynamic Trend w/ Signals | by Octopu$ What is ATR? ATR stands for Average True Range A Technical Analysis Indicator that measures market volatility by decomposing the range of a Security Price in a specific period. The ATR can be used as a High Low Spectrum, As well as a variation of a Moving Average, considering the ranges on a...
Ichimoku and MA use the default. It is repainted because it uses a moving average line. A marker is only true if it was created after the candle closed. The principle is too simple. Please enjoy using it. - Up : Conversion Line > MA #1 and Base Line > MA #2 It is an uptrend. The short-term moving average should be above the conversion line. And the long-term...
I continue to add things to the multibit ready indicators: This is a modified RSI indicator with some useful additions to make it bottrading ready: Centered around 0, so from +50 to -50. Short-Triggerline Long Triggerline following value mods are possible: POW factor --> rsi^POW final smoothings: SMA smoothing (level 1) EMA smoothing (level 2) switch all...
Support and resistance are often drawn using lines. This is too simple and doesn't give a clear idea of the market sentiment at these particular levels. What is strong support and resistance? What is weak support and resistance. How can either be defined by a single price point? Using a simple, clean and configurable solution, this indicator not only shows these...
============ ENGLISH ============ - Description: This strategy is based on Bollinger Bands / Keltner Channel price "rebounds" (the idea of price bouncing from one band to another). The strategy has several customizable options, which allows you to refine the strategy for your asset and timeframe. You can customize settings for ALL indicators, Bollinger Bands...
Profit Bands is a supplementary indicator to be used with Loxx's backtests and combination indicators that use volatility-based take profits and stop loss. This indicator includes two types of volatility: Average True Range and True Range Double. Additional volatility sources will be added in the future. The lines painted on the screen are multiples of ATR for...
This is a hybrid indicator that combines the Didi Index with the Average True Range. It acts as both an ATR and a Confirmation indicator, based on the No-Nonsense Forex (NNFX) trade rules. The Didi Index takes three moving averages to build a fast line (MA1 and MA2) and a slow line (MA2 and MA3). You can use it several different ways (2 lines cross,...
this indicator serves to differentiate the classic type Line and source of Alligator There are the classic inputs for the 3 lines ( Jaw , Teeth and Lips ) in addition to the choice of the normal source and the type of line, the choices are: SMA = Simple moving average EMA = Exponential moving average WMA = Weighted moving average RMA = ...
This Strategy looks to buy the market after the percentage of stocks below the 20 SMA moving average drops below 30% and crosses back above it. The strategy outperforms buy and hold on the S&P and more importantly only has a max draw down of 11% which gives it a much better risk adjusted performance then buy and hold alone. It has three sell rules, 1. When the...