Simple indicator to help show when stocks are over extended intraday. It's based on the distance between a stock and it's moving average. The thesis being that, the farther away a stock is from it's 20 period simple moving average, the move extended it is. I've found that when a stock is more than 2-3% extended from it's 5min 20 period moving average, it's...
Trend Identifier is basically identifies the trend specially during range bound market / choppy market and false breakout . After long bull trend if pink candle/bar starts appearing there is possibility of trend reversal ( bear trend may start or price may consolidate in range until red candle doesn't appear ) vice versa ! Aqua = Strong Bull Trend Yellow = Weak...
This indicator shows the spread between Dow Jones Industrial Average (US30USD) and Nikkei Stock Average(JP225USD). The standard value of indicator is 1.000. If the price of US30USD rises while JP225USD holds its price, more price of US30USD rises, more indicator value increases. When value goes up to around ±0.2, spread is quite open. We recommend a trade plan...
A new idea of mine that I am presently experimenting on for my trades. The DVI bands is based on my previously published DVI script: The Directional Volume Index (DVI) is defined as follows: DVI = VWMA (len1) - SMA (len2), where by default, len1==len2 The position of the DVI above/below the current price provides volume confirmation of the direction...
Friends, Welcome to ProfitMaximizer(PM) Scalper Alert Indicator. This is same Indicator as that published by me on Dec 26, 2018 . Since the old script was published using "heikin ashi" ,As per recent house rules it was moderated and hidden by Admin. Based on the discussion with Admin and direction given by them republishing as it is with no change in the code but...
The double bollinger band indicator uses a normal bollinger band with a multitude of 2 and on outer band with a multitude of 3. The indicator shows momentum by the price being stuck between the higher or lower bands. If price is in the middle then it is a neutral zone. The band's moving average is a default of 20 sma but included there are two extra simple moving...
nothing excessively new here.. a map of standardized trend over multiple lengths, extra parameter for smoothing the input source(close) will remove noise.
Hello Guys, This indicator is developed based on the confluence of other indicators and also price action movement. There in this script we have used Supports and Resistance and works for Multi Time frame. While you can see it very carefully We have provided all the levels such as support levels one, two, and also Resistance levels one and two. Apart from this,...
My script builds upon another user-submitted script by rebuilding the logic used to identify candlestick patterns. The logic in my script is a mix of strict and lax guidelines to mitigate false flags and present valid buy and sell signals. -To use this indicator, simply add it to any chart. It will identify trends on any time frame although the lower you go, the...
This indicator will use a moving average to create the channel around the price. It has some settings Display Settings Here it's possible to select what the indicator will display, from the middle line to the 3rd band level. Reversion points will appear when the price cross out the selected band Swing back option, when active, will make the indicator display...
This is a simple version of taking bull and bear positions. Time Frame: Although the time frame decided while making the script was for 1 minute chart, but after checking, even Daily charts work good. Asset class: The underlying here, is XAUUSD (GOLD) but confirmatory strong positional trades on stocks for intraday purposes. Condition: The signals are meaningful...
Hello Traders! We need to make things better & better to solve the puzzle and I try to do my best on this way. now I am here with my new Trend Lines Pro script. As you know, Trend Lines is very subjective and many people (even professionals) draw different Trend Lines on the same chart. This is confusing and there must be an automation to make the life easer....
Dear Followers, today another awesome Swing and Scalping Trading Strategy indicator : the upgraded version of ALGO Trading V1 for Binance Bitcoin PERP on 15m timeframe! It is runnable on a bot , just write me in order to help you do it. If you are a scalper or you are a swing trader, you will love suggested entries for fast and long-lasting profit. Keep in...
Rate of change indicator based on Nick Radge's Weekend Trend Trader Strategy, with an added extra of EMA smoothing if you want it. This indicator simply turns green when the rate of change is above a certain level (value is set in threshold) Threshold is defaulted to 30 as outlined in the strategy rules
Hakimi - NAC Prediction V.1 indicator is a decision support system based on an innovative model in the field of time series prediction. It can be used in charts with arbitrary symbols and time frames. This indicator provides three adjustable ranges with different probability percentage. Each ranges is marked with a color. After adjusting the percentage for each...
Just 2 Moving Averages with adjustable settings and shifting capability, plus signals and predicting continuations. At the time of publish these different types of MAs are supported: - SMA (Simple) - EMA (Exponential) - DEMA (Double Exponential) - TEMA (Triple Exponential) - RMA (Adjusted Exponential) - WMA (Weighted) - VWMA (Volume Weighted) - SWMA...
Consolidation is the term for a stock or security that is neither continuing nor reversing a larger price trend. Consolidated stocks typically trade within limited price ranges and offer relatively few trading opportunities until another pattern emerges .Identifying consolidating stocks involves looking for those that have steady support and resistance levels,...