The Reversal Confirmation Indicator is based on price action and looks to provide opportunities when price gets stretched. The indicator works by finding the highest and lowest points over the user selected lookback period. If price closes below the low of the highest bar or closes above the high of the lowest bar a possible reversion to the mean may occur and...
The Apeiron Fair Value Bands take into account a given MA and determine a Fair Value Area (FVA) for the price of a certain asset. The script plots a MA and a tolerance ribbon for it, as well as 2 bands (preset to 1 Standard deviations and 2 Standard deviations respectively, which can be manually changed) with a tolerance ribbon as well. This creates 3 areas of...
The primary objective of this indicator is to discern candles that exhibit characteristics suggestive of potential market reversals through the application of candlestick analysis. Extensive observation across various assets and timeframes has revealed the existence of a recurrent reversal pattern. This pattern typically manifests as a sequence of one to three...
This original script was created based on a suggestion from @kerpiciwuasile. My original Reversal Points script was removed because I modeled it after an indicator by Demark, but this script will have no such issues. Reversal points are an exciting concept for me because it is such a useful tool when placing trades. This is my first attempt at a new overall layout...
This indicator has different features: 1. Ichimoku = this indicator can plot Ichimoku calculated both in the common formula and with the volume average, you can choose the calculator method for each line. 2. Channel and Bands = this mode allows the user to choose from channel and band, "channel" shows the Keltner channel, and "band" shows the Bollinger bands. Both...
This is a vwap & vwma hybrid with upper & lower deviation bands that provide excellent price channels and reversal areas. It can be used on lower & higher timeframes, just increase the deviation % for higher timeframes. Try out the 1 minute timeframe with .5% deviation for great scalping levels. Here is the calculation used for the main line. (VWMA100 + VWMA500...
█ This indicator shows an upper and lower band based on price action and ATR (Average True Range) The average true range (ATR) is a market volatility indicator used in technical analysis. █ Usages: The purpose of this indicator is to identify changes in trends and price action. It is mainly used to identify breaking points and trend reversals. But it can also...
Price Pivots for NSE Index & F&O Stocks What is this Indicator? • This indicator calculates the price range a Stock or Index can move in a Day, Week or Month. Advantages of this Indicator • This is a Leading indicator, not Dynamic or Repaint. • Helps to identify the tight range of price movement. • Can easily identify the Options strike price. • The levels...
Multiple Wicks forming at OverSold & OverBought levels create Buying and Selling Pressure. This Script tries to capture the essence of the buy and sell pressure created by those wicks. Wick pressure shows that the trend is Exhausted. How it works: This Wick Pressure Indicator checks for three candles forming the wicks in overbought and oversold zones. The...
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!
PLEASE READ THE ENTIRE POST BEFORE PURCHASING & USING THE MyAlgo Tool. Saves you and me some time in emails and messages. :) This is the official version of MyAlgo ZULU ZONES PLEASE UNDERSTAND THAT THIS IS A DIFFERENT AND SEPARATE PRODUCT AND SCRIPT FROM "MyAlgo SLIM" FROM THE MyAlgo TRADING TOOL SERIES Description ZULU Zones is a rework of a long-gone...
Script is able to scan up to 5 instruments per one instance of indicator being added to chart. In case of need to monitor more instruments in parallel, please add more instances of indicator to chart. Limit of 5 instruments is applied due to Pine limitations and performance. Please wait couple of seconds for recalculations that happen in background after changing...
Script is showing potential reversal zones on chart, based on calculations of High/Low of selected period, smoothing it with selected type of Moving Average and applying Standard Deviation. Preferred to be used for contrarian traders. Another alternative usage would be to lock profit from open positions as this is very often early warning before reversal...
Chart Patterns and Harmonic Patterns using just ONE indicator! This is a automatic scanner for well know patterns like Head and Shoulder to get started. I'm planning to add more patterns in the near future. It works as follows: 1. Is going to plot the pattern on the chart, lines in blue 2. Is going to show you when the pattern has finished to form, triangles and...
Core idea behind designing this tool is to CATCH REVERSALS in the live market. Reversal can be a TREND REVERSAL or a TEMPORARY PULL BACK. This tool works perfectly in both situations. HOW TO USE: AFTER YOU APPLY THE SCRIPT. 1. WAIT FOR THE FORMATION BLUE/YELLOW COLOURED BARS AT DAY HIGH/LOW. Accuracy is highest when the REVERSALS are caught at DAY HIGH/LOW. I...
AEONDRIFT with {EMA} implementation of FUSIONGAPS (FG) and DIFFERENTIAL FUSIONGAPS (DFG) derived indicators. ~JuniAiko (=^~^=)v~ Check out the other analytical tools that I had published. AEONDRIFT: