Is a tool used to catch market momentum. If the color is green it means the bulls are in momentum or the prices will continue to increase, if the color is red it means the bears are in momentum or the prices will continue to decrease and gray color means the market is consolidating. This tool is made from moving averages and RSI. You can place a buy order when...
Theory: Although T3 is widely used, some of the details on how it is calculated are less known. T3 has, internally, 6 "levels" or "steps" that it uses for its calculation. This version: Instead of showing the final T3 value, this indicator shows those intermediate steps. This shows the "building steps" of T3 and can be used for trend assessment as well as for...
Core Concepts Using Bill William's fractals (can be any types of pivots), we want to find outlier fractals using the median absolute deviation (MAD). When the true range falls outside the specified threshold, it is counted as an outlier. These outliers tend to have significance. Prices usually react to those levels in the future, sometimes a single level and...
This simple script provides a visual aid for price action traders by coloring outside & inside candles, which in effect leaves the trader with 6 possible candle colors: -Regular bullish candle -Outside bullish candle -Inside bullish candle -Regular bearish candle -Outside bearish candle -Inside bearish candle These candlesticks may provide powerful signals when...
BINANCE:ETHUSDT The CAP index is my own homebrew trend indicator made to help traders see the slightly bigger picture, because we all know that as traders we can tend to hyper-focus in on a few candles and end up making a stupid trade because of it, or is it just me ? On a more serious note this indicator helps you find the short term trend by looking at bullish...
The BBWP Boom & Doom indicator is intended to identify directionality of BBWP expansions. A "Boom" or "Doom" signal is triggered when BBWP is expanding from low values, volume is greater than the defined moving average, and a shadowless Heikin-Ashi candle are all present. Heikin-Ashi data is gathered behind the scenes within the script so it is best to use...
This script draws parallel channels using pivot points for trend analysis. Script draws maximum 4 parallel channels if suitable up or down trend already exists on the chart according to chosen Pivot Length and Multiplier. You can change Multiplier to draw Higher Time Frame Channels. Good luck!
Description: A well-known and vastly used momentum indicator, a Relative Strength Index (RSI) by J. Welles Wilder Jr., aims to evaluate the current price to its oversold/overbought area while giving an overview of bearish/bullish momentum. In this indicator, simply adding the super-smoother function (John F. Ehlers) was applied to the RSI line to create a more...
Blockchain Fundamentals: 200 Week MA Heatmap This is released as a thank you to all my followers who pushed me over the 600 follower mark on twitter. Thanks to all you Kingz and Queenz out there who made it happen. <3 Indicator Overview In each of its major market cycles, Bitcoin's price historically bottoms out around the 200 week moving average. This...
Hi, here is my take on 'Cup & Handle' Pivot Points - ph (highest points in a certain period) are stored in an array When there is a new ph , previous ph's are compared to the latest one. A temporary test line is drawn between these 2 points. The script checks if a close (between these 2 points) doesn't break above this test line. (test line is deleted...
We are forever drawing key levels on our charts with saved drawing templates, but finding the levels, adding the labels, is all tedious stuff. We have indicators, but we have multiple different ones at a time. What if you could just tick a box on/off? Well now you can. This all in one 'levels' indicator is designed to show all the key highs and lows from...
This indicator is very strong in identifying short-term trends, and was made for trading stocks and commodities. When it is green, it indicates an uptrend, and red indicates a downtrend. The transparency of the columns illustrates the strength of the trend, with transparent columns indicating weakness, while solid columns indicate strength. Basic Explanation of...
Welcome traders. This is TRENDINATOR , the best indicator to trend following trading. It consists of four elements: 1 - The cloud: Formed by two moving averages that cross each other and varies from red color ( bearish trend ) to green color ( bullish trend ) depending on the short trend. They are more sensitive to price changes. 2 - The power line: A slow...
USD Liquidity Conditions Index = — — "Bitcoin vs. USD Liquidity Conditions Index In this current phase of the crypto currency capital markets, Bitcoin represents a high-powered coincident (and sometimes leading indicator) of global USD liquidity conditions." cryptohayes.medium.com
This simple script was written for studying recurring intraday behaviours of financial instruments. With it, you can highlight up to 13 customizable time ranges on your chart, filling the corresponding background space with colors you prefer. You can then write a note for each range and it will be shown in the optional related table. The experience shows that...
can be used in any timeframe price crossing the cloud, buy or sell blue line crossing red, attention to buy and sell lagging line, inside prices, doing nothing, indicates trading, market consolidating.
RELATIVE STRENGTH INDEX ( RSI ) This is a tool that is widely used Especially for Overbought and Oversold systems, but I have made some changes in this indicator, How to use it...! I have set it as the default setting - RSI Length: 7 - Overbought: 70 - Oversold: 30 What is unique about this tool? we can see 3 conditions: 1) RSI Overbought / Oversold with Bullish...
Mark Structure is building the market swing structure, minor and sub structure and marks all possible insignificant pivots Building such structure is really complex task to do, that has a lot of obstacles and challenges. I'm doing my best to develop this indicator behaving in absolutely expectable and right way. Fill free to leave any comments or bug reports. it...