In this example, the indicator calculates the slope between the highest high value of the current period and the highest high value candles bars ago. The result is plotted on the chart as a line. And this example calculates the slope between the lowest low value of the current period and the lowest low value candles bars ago. It then plots the slope on the chart...
This indicator tries to identify the points where the price exceeds or falls below a rectangle based on the opening and closing prices of the previous period, the creation of the boxes occurs when a doji is detected therefore it will calculate the coordinates of the rectangle that will be drawn around it, therefore the indicator offers buy or sell signals based on...
Volume bars on up days will be in 'silver' colour. Volume bars on down days will be in 'grey' colour. The volume bar will ‘be red’ in colour if the latest close is below the previous close and the volume is more than the average volume. A green circle will be plotted if the current candle volume is the least in the last 20 days. The volume...
Some traders calculate using percentages when trading. The original ATR indicator calculates using price movements, so it differs for each stock. To avoid this, I changed the ATR indicator to show price movement as a percentage. The red line is the percentage value of the volatility of the original ATR indicator. The white line is 1.6 times the original indicator....
Hi, This is a multiband indicator that shows you liquid support and resistance ranges based on growing offsets and growing ATR channels. In the end, when setup well, you can make, based on historical observations, estimates of how traders will react, maybe identical again. How to use: Setup: Activate the two checkboxes for centerline and All_Lines Start with...
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...
1. Understand the basics of technical analysis: to fully utilize this system, you need to understand the fundamentals of technical analysis, such as identifying high and low prices, trendlines, etc. This will help you effectively use indicators and make more informed trading decisions. 2. Study the internal parameters: the system has input parameters, such as...
<---> Caution! This is first test version of indicator. I am ready to get more ideas+feedback to develop it more. <---> The "Momentum_Trader_WMA" indicator is a versatile technical analysis tool designed to help traders identify potential trend changes and momentum shifts in the market. It combines multiple indicators and moving averages to provide a...
The Hosoda Waves indicator was devised by Goichi Hosoda, who is also the creator of the Ichimoku system, with the idea that previous highs and lows could determine future price ranges that the market would react to. Hosoda's projections are the NT, N, V, and E waves, which are derived from calculations based on both upward and downward ABC swings. Hosoda's waves...
Hey there! I've been diving into the book "Paul Wilmott on Quantitative Finance," and I stumbled upon this cool model for calculating and modeling returns. Basically, it helps us figure out how much a price has changed over a set number of periods—I like to use 20 periods as a default. Once we get that rate of change value, we crunch some numbers to find the...
The Supply Demand Profiles is a charting tool that measures the traded volume at all price levels on the market over a specified time period and highlights the relationship between the price of a given asset and the willingness of traders to either buy or sell it, in other words, highlights key concepts as significant supply & demand zones, the distribution of...
ROCkin RSI Indicator Overview The "ROCkin RSI" indicator combines the traditional Relative Strength Index (RSI) with an innovative approach using the Rate of Change (ROC) to offer a new way to visualize and interpret market momentum. By averaging the slope of the RSI over time and allowing for different types of moving averages, this indicator aims to help traders...
Signal to Noise Ratio The Signal to Noise Ratio or SNR is used to assess the quality of information or data by comparing the strength of a useful signal to the presence of background noise or random variations. In Finance the SNR refers to the ratio of strength of a trading signal to the background noise. A high SNR suggest a clear and reliable signal, meanwhile...
This indicator is one that I came across a while ago. The main way this indicator works is a lot like the True Strength Index except it also adds a signal line. I like to think of it as a faster MACD that gives you a chance to lag a little less behind the MACD. This of course comes with the additional risk of fake-outs being prevalent. The signal line in the...
The Relational Quadratic Kernel Channel (RQK-Channel-V) is designed to provide more valuable potential price extremes or continuation points in the price trend. Example: Usage: Lookback Window: Adjust the "Lookback Window" parameter to control the number of previous bars considered when calculating the Rational Quadratic Estimate. Longer windows capture...
█ OVERVIEW This script implements the COT Commercials Indicator introduced by Alfred François Tagher in an article featured in TASC's October 2023 edition of Traders' Tips . The indicator is designed for use in futures markets and represents a fast stochastic (%K) calculated based on the commercial open interest values of an asset derived from the weekly ...
Range Filter indicator based on the LuxAlgo Nadaraya-Watson Envelope () indicator adding the SMA 30 high and SMA 7 low to predict the changes of the trends lines price. WARNING: This indicator, as the same as the original, repaints the chart and could affect the exact values of the prices. SMA Low 7 was identified using tensorflowJS years ago as accurate and...
This is the simple trading system based on volatility where these bands are used as entry points and trailing stops . A brief explanation of the system is as below. Because the volatility of a stock is its standard deviation, we can statistically establish “confidence Intervals” of the price moves. In statistics, a one standard deviation range means that there is...