Script is based on weekly time Frame. Fib ratios are drawn at the Open of the Market. Open price is compared with Previous week High , low and close. If weekly open is above Previous week high or low, Fib 0 % is plotted above High or the low as the case may be . If weekly open is between previous week high and low Fib 0% is equal to previous week Close and other...
The Squeeze Index aims to measure the action of price being squeezed, and is expressed as a percentage, with higher values suggesting prices are subject to a higher degree of compression. Settings Convergence Factor: Convergence factor of exponential envelopes. Length: Period of the indicator. Src: Source input of the indicator. Usage Prices being...
A very simple moving average cloud to assess momentum. This indicator is not meant to be used for entry triggers, but rather to see when momentum may be shifting Can be used on any time frame, and should be used in conjunction to your current trading plan
This is a multiple multi-timeframe version of famous supertrernd only with Heikin Ashi as source. Atr which stands in the heart of supertrend is calculated based on heikin-ashi bars which omits a great deal of noises. with 6 multiplication of the supertrend, its simply much easier to spot trend direction or use it as trailing stop with several levels available....
This indicator indicates the Pre-Forex Market Killzones studied by our mentors at MTA Concepts. High volatility areas where you can take advantage of a great advantage when trading intraday. Killzone: A killzone is an area, a time interval where there is high volatility and coincides with market pre-openings. We have divided the Killzones into 3: -London...
This script backtested some stocks, it's giving soft buy and strong buy signals, I am using Bollinger band and 200 EMA, Strong Buy :- If price is above 200 ema and cross over 10d ema and sma setup with BB, Buy :- If price is below 200 ema and cross over 10d ema and sma setup with BB, Strong Sell :- If price is below 200 ema and cross over ema and sma with...
Simple indicator that creates retracement levels at each major Fibonacci interval above and below VWAP. VWAP is depicted as the thick yellow line in the middle of the channels. When the trend is above VWAP (yellow), you can view this as bullish, vice versa, below yellow is bearish. Each level after being above or below VWAP has a Fibonacci "rung", like on a...
This is simple Highest high and Lowest low strategy. Buy when break HH+offset Sell when break LL+offset Offset = (HH-LL)/2
Library "TA" General technical analysis functions div_bull(pS, iS, cp_length_after, cp_length_before, pivot_length, lookback, no_broken, pW, iW, hidW, regW) Test for bullish divergence Parameters: pS : Price series (float) iS : Indicator series (float) cp_length_after : Bars after current (divergent) pivot low to be considered a valid...
Library "Algebra" Algebra functions. line_fromXy(x1, y1, x2, y2) Get line slope and y-intercept from coordinates Parameters: x1 : x coordinate 1 (int - bar index) y1 : y coordinate 1 (float - price/value) x2 : x coordinate 2 (int - bar index) y2 : y coordinate 2 (float - price/value) Returns: of line line_getPrice(x, slope,...
(My goal creating this indicator) : Provide a way to categorize and label key structures on multiple time frames so I can create a plan based on those observable facts. The Underlying Concept / What is Momentum? The Momentum shown is derived from a Mathematical Formula, SUPERTREND. When price closes above Supertrend Its bullish Momentum when its below Supertrend...
The Moving Average Channel (MAC) is a concept developed by Jake Bernstein, Speaker at Wealth365®, where the 10 period SMA of the High and the 8 period SMA of the Low are plotted to create a channel. As the channel begins expanding, the current trend is getting stronger. However, when the expansion is too large, the trend may make a pullback to the channel (upper...
This script shows the change from high price and low price of 1 bar in percent especially when you can highlight the distance from high and low in Sydney/Tokyo/London/Chicago opening. With this you can quickly get an overview of historical distance from high price and low price. Works good at 1 period of TPO = 30M Examples of this script calculated distance of...
Hi guys, If you are looking to add some watermark into your charts. You can use this indicator. You can add add a title and a subtitle, if you want to write in diferents lines, you can use \n as you can see in the script. All the features are customizable: position, text size, text color, background. Enjoy it.
I like to share my ALL-IN-ONE script to help you understand trendlines, overbought/sold, unified EMA, Volume trades, Chopiness index and my favourite Fibonacci. It looks a bit messy but you will get used to it.
EN: Close Open Estimation ( aka COE ) is a very simple swing-trading indicator based on even simpler idea. This indicator is from my educational series, which means that I just want to share with another way to look at the market in order to broaden your knowledge . Idea : Let's take n previous bars and make a sum a of close - open -values of each bar....
Library "Console" █ OVERVIEW An easy way to output messages to a console like table using a a simple "print" function that can be called from anywhere in your code including functions. █ Supports: - Scrollable console messages - Customisable number of displayed messages - More than one "console" for different types of output if...
// Conversion Range Candles // Compares price action range with that of the value currency (e.g. ETHBTC compared to BTCUSD). // Public Domain // by JollyWizard