Trend Trigger Factor indicator script. This indicator was originally developed by M. H. Pee (Stocks & Commodities V.22:12 (28-36): Trend Trigger Factor).
Relative Spread Strength indicator script. This indicator was originally developed by Ian Copsey (Stocks & Commodities V. 24:10 (16-23): Forex Focus).
Intraday Momentum Index indicator script. This indicator was originally developed by Tushar Chande.
XPloRR MA-Trailing-Stop Strategy Long term MA-Trailing-Stop strategy with Adjustable Signal Strength to beat Buy&Hold strategy None of the strategies that I tested can beat the long term Buy&Hold strategy. That's the reason why I wrote this strategy. Purpose: beat Buy&Hold strategy with around 10 trades. 100% capitalize sold trade into new trade. My buy...
This is an indicator for Indian markets. It shows the relative strength of particular stock to the underlying index. The concept of this indicator is well described in Stan Weinstein's book.
Relative Strength Index with indicator lines at 20, 30, 50, 70 and 80 marks. Use settings to show/hide these lines, and to choose appropriate colors.
Follow the momentum - 2/4/8hr or Daily, take your pick. Use 2 or more TFs together for greater chance of a winning trade. Also brilliant for spotting divergence. This one is my favorite indicator.
Republished: The original script violated house rules by including an external link to Backtest Rookies. Background The currency strength indicator takes up to 4 forex pairs and calculates the average strength across all pairs. The indicator uses the pair's daily percentage change to calculate the overall strength. For flexibility, it can accept any...
This indicator uses Heiken Ashi candle data to plot trend strength signals to your chart. Bright Green: Heiken Ashi candle data is still putting in higher lows and higher highs, and the price closed above the previous low. Dark Green: Heiken Ashi candle closed green, but had a lower low or lower high (trend weakening). Bright Red: Heiken Ashi candle data is...
Again thanks to LazyBear for bringing over the wavetrend indicator and glaz for the idea of the basket of currencies. This is a power index based on the wavetrend indicator, I cut it down to 5 securities per currency since the limit of securities I could call was 40. I like to use to see which pair is the most OB/OS as it likely presents the best profit potential....
This is the base TSI indicator with the RMA instead of the the EMA.
Script #1 So, here is my first script. This is the normal 14 period ADX, but with a color twist, to make it extremely easy on eyes. and then, easily spot the strength. ADX, as you know, shows the strength of the trend. As short term traders, we need price movement and a strong trend. How to use this script ? 1. We don't trade when ADX is in the ...
Simple but effective don't pay $300 for an MT4 indicator when you can use this for free. Feel free to make it your own!
Strength of SPX500, EURUSD, XAUUSD and US OIL. Buy or sell on extreme of strength into the overbought or the oversell.