One of my mixed approach strategy indicators which includes: - Parabolic SAR - 1 Hour Supertrend - 4 Hour Supertrend Whilst this script may appear slow due to the 4hr Supertrend, it does a great job of managing breakouts. Using this indicator is simple, if the line labeled Lifetime is green then buy, if red then sell OR don't trade. So... Green Line ...
This script shows plots a warning on the chat when the tick increase is more than the configures value. It considers the highest and lowest value of each candle. The following warnings are shown: "RISE" - the increase is more than the configures value "BIGRISE" - the increase over the last 3 ticks is more than 2x the configured value "DIP" - the decrease is more...
Logistic Map Equation - The logistic map connects fluid convection, neuron firing, the Mandelbrot set and so much more. This study is an attempt to apply Logistic Map Equation in Trading Logistic Map Equation Xn+1 = r * Xn * (1 - Xn) Where, r - growth rate Xn - percentage of theoretical maximum of measured event (from 0 to 1) (1 - Xn) - represents...
This is a simple label type indicator to help assist in creating a colour scheme for orderblocks which are created using technical analysis and the rectangle tool on TradingView. It has a dark mode and a light mode. By default it is set for black backgrounds, if you have a white background, go into it's settings and untick the dark mode. It has instructions for...
Display of a certain type of reversal bars. Reversal formations have to be considered in market context. Basically downward signals in the uptrend are ignored, unless there is an non-correlated inversion setup. Similarly, upside signals in downtrends are ignored until a bullish reversal setup occurs.
This compares two reasonably reliable strategies and shows where they are in agreement. When the top line is GREEN - Then consider BUYing When the top line is RED - Then consider SELLing There are also alerts available.
A relative strength overlay, similar to that of IBD shown on Marketsmith. The value is not from 0-100, it is compared with the Nasdaq x2 ETF, QLD. Therefore, if greater than zero it will give you a good indication that the stock has a very good relative strength. Feel free to change the comparison ETF to one of your choosing.
One of my mixed approach strategy indicators which include's: - Ichimoku using much faster settings. (ECC-11) - Supertrend Whilst both Supertrend and Ichimoku are quite reliable, they do sometimes provide false signals. By combining both indicators, trading when both agree, it reduces the number of false alerts. Using this indicator is simple. If the lifetime...
This indicator is based on the famous ECC-11 strategy discussed on the Internet. It can be used on any timeframe, but ECC-11 is better suited for intraday 15min charts. The various colour lines represent: Black - Price Orange - Chikou Blue - Senkou A Red - Senkou B Green/Red - The Clouds More information on how to follow the Ichimoku strategy can be found...
This was a strategy I found based on MT4. It takes CCI readings, then transforms them into a weighted moving average illustration. This is represented as: Red Line - A six period moving average taken from CCI (NOT PRICE) Green Line - A sixty-six period moving average taken from CCI (NOT PRICE) Blue Line - CCI plotted I have also added some levels and bollinger...
Indicator looks for situations, where closed candle create local support or resistance and price creates opposite move (minimum of 1-2 candles) and then goes back and the s/r is wicked and price goes to the opposite side from s/r. S/R can be created by 2 left candles lower/higher and 2 candles right lower/higher than the closed candle (this is default). In...
This is Ichimoku Cloud for the Jackrabbit suite and modulus framework. The Ichimoku Cloud is a time tested approach heralded by beginners and experts alike. This module is the purest implementation I could develop. It allows for full tunability while allowing all of the modulus framework features, including confirmation bias and differential timeframe...
A simple indicator that illustrates where close price is in comparison to an MA. Just click the configure box and type in the EMA you want to monitor. The default is the 8 EMA . To read the indictor: - Green Line - Close price is above the EMA - Red Line - Close price is below the EMA . If you wish to have this indicator customised, please do not hesitate to...
A simple indicator that shows volume expansion and contraction of a trend through colorization of the candles. It indicates the underlying volume support of a trend. This indicator might come in handy for any Elliott Wave analyst trying to incorporate volume into his analysis.
This is a combination of various indicators that very rarely conflict, thus giving us a good understanding: - "Price Rally" detecting whether price is rallying, giving us confidence it will continue. - Volume - knowing volume is going with the trend is a good confidence check. - Trend Angle - This will go red or green depending on whether the price angle is going...
During the course of a trade, we can find ourselves changing strategies depending on the market. Instead of using many different templates, I have a simple indicator that clearly says "Buy", "Sell" or "Stay Out". The great thing about this approach, is we instantly observe the majority are in agreement and that decides which way to place our trade. This indicator...
A very simple script to plot the yesterday's OHLC, to be used in an intraday graph. There were other scripts like this, but their code was ugly, filthy, smelly, and WET, so I did this.
SRI (Stochastic Relative Strength Ichimoku) The SRI basically follows the number of Ichimoku. The basic principle is similar to Ichimoku, but you can think of the role of Base Line and Conversion Line as "Stochastic" and "RSI" as Cloud. And SRI is based on oscillator. This is the biggest difference. Therefore, it does not affect viewing the moving...