EXPERIMENTAL: this script can be used as a trend follower if bgcolor is active, it can be used to catch extremes and target levels for a pull back to the mean, can be used as support and resistance with the time period open price and extreme. other uses, improvements let me know :p.
This is a famous indicator I have seen used by many Forex traders in MT4 platform. This indicator uses the difference between EMA of "close" and EMA of "open" to form the oscillator lines (not just a convergence/divergence calculation between EMA of "close")
Current market state is determined by which histogram is above zero line. For more confirmation, wait for...
EXPERIMENTAL: trend and range analysis using dolchian and bollinger channels methodology merged into one, possibly it can be used to extract 3d depth of market :p
Predicts trend. When the centerline is blue confidence in future trend prediction is high. when red or green matching current prediction trend is medium to low confidence.
experimental: analyzing the differences between price closure and multiple moving averages to discern movement and direction of market.
upper signal is the long trend, while the lower signal symbolizes faster movements within the trend.
This is a very simple idea - an average of RSI and the Stochastic Oscillator. However it offers plenty of flexibility for tuning to your requirements. You can change the lengths of either indicator and the weighting of each. By default it's set to 50/50 (just change the percent RSI to adjust). There is also an optional EMA which can be used as a signal line. ...
This is a famous trend indicator in MT4 platform. Is this better than other MA based trend systems? I will let you decide that :)
Supported modes:
- Trend mode: This is the default. Draws a trend line (like MA) and colors them based on the trend.
- Ribbon Mode: Shown at the bottom pane. No trend lines are drawn.
- OverlayMode: Bars are colored based on the...
This Code Simply Changes the Bar Colors based on if the Bar is Above or Below the EMA.
Inputs via the Inputs Tab:
Ability to change the EMA Period.
Ability to Turn On/Off the EMA Plotted on the Screen
***Note - I used the HLC/3 To determine if the bar/candle is above or below the EMA. This Filters out the Chop and gets rid of many of the False Breaks above or...
Here is the Link to youtube video. Its free. www.youtube.com
I did not buy this indicator, I do not have the code. But Most likely this is what's is being calculated.
More Video here - www.protraderstrategies.com
Compare this indicator with his charts shown in the video
Save another $495 bucks.
NOTE:
This is not the actual code for this indicator. This is...
TimWest Long Short Filters
Indicator Has 3 Separate Filters that Create Green(Bullish) or Red(Bearish) BackGround Highlights
If Price is Above or Below a certain LookBack Period - Tim Defaults to 63 on Daily Chart to Quickly View if Price is Above or Below it’s Price 1 Quarter Ago.
A Simple Moving Average Filter - Tim Defaults to 50 SMA and 200 SMA also known...
The related article is copyrighted material from Stocks & Commodities Mar 2010
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
The related article is copyrighted material from Stocks & Commodities Mar 2010
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
Sling Shot System + Even Better System.
I get this email about a Trend Following System that sells for $1000 but I could get it that day for only $500!!!
I watch the video showing this Amazing System which may have taken me an entire minute to figure out the code.
I code it up. And Hey…It’s not a bad system. It’s good for people who may need a Entry Signal to...
![EURUSD: [RS]Temporal Extreme Spliter V0](https://s3.tradingview.com/0/0ovA5NBr_mid.png "[RS]Temporal Extreme Spliter V0")
![GBPUSD: Mirrored MACD [LazyBear]](https://s3.tradingview.com/e/EchwZVoz_mid.png "Mirrored MACD [LazyBear]")
![SPX: [RS]Dolchian/Bollinger Hybrid V0](https://s3.tradingview.com/7/7gRJLRtu_mid.png "[RS]Dolchian/Bollinger Hybrid V0")
![EURUSD: [RS]Moving Average Trend Expansion Analysis V0](https://s3.tradingview.com/f/ff8istAP_mid.png "[RS]Moving Average Trend Expansion Analysis V0")
![BTCUSD: Coral Trend Indicator [LazyBear]](https://s3.tradingview.com/q/qyUwc2Al_mid.png "Coral Trend Indicator [LazyBear]")
