This indicator show higher high + higher low and lower high + lower low -> based on RSI modification.
HOW I USE
On a longsetup I set a buyorder on the high, if the RSI swings show red the first time. My stoploss I choose on the lowest price from the red swing before.
After every ending bar without tradeentry I move the buyorder step by step on the last high...
This script "slices up' the price action in hourly, daily, weekly,... slices
to give a view of the sentiment and price action or volume during the selected period.
Different time periods can be selected.
There is a choice to display the information in:
- normal candlesticks
- heikin ashi candles
- volume candles
Adds a purple label to the right of price if RSI is overbought or oversold, otherwise it doesn't show anything at all, nada. Handy for people (like me) who often focus on price action and forget to watch the RSI
This is an experimental study based on multi-timeframe price action and a simple average.
Use it to quickly identify MTF support and resistance, and high probability price levels.
NOTE: Because higher timeframe levels are not certain until the interval is closed, refresh your chart as new levels are drawn.
This is a revised version of Chris Moody's "CM_Donchian Channel Modified_V2" script.
"Modified Donchian Channel with separate adjustments for upper and lower levels. Purpose is if you expect big move up, use lower input for example 3 or 4, and longer upper input, eg. 40 - 100 and use lower input line as a stop out. Opposite if you expect big move...
//This indicator shows Day's candle measurements with past averages. First column shows the candle details for the present day.
//"Open - Low", "High - Open", "Range(=High-low)", "Body(open-close)"
//Averages are calculated for occurences of Green and Red days. Up Averages are for Green days and Down Averages are for Red days.
//Average are not perfect...
1. MUST: RENKO ATR 2 YELOOW
2. STRONG: SNIPER 8,8 BUY SIGNAL
3. WEAK: TZ 6,6 BUY SIGNAL
========= SELL =========
1. STRONG: SNIPER 8,8 SELL SIGNAL
2. WEAK: TZ 6,6 SELL SIGNAL
3. WEAK: RENKO ATR 2 RED
RENKO > SNIPER > TZ
6 minutes ago
the sniper buy signal is now based on renko
This indicator will mark 5 different candlestick patterns:
(1) bullish & bearish engulfing
(2) hammer & shooting star doji
(3) dragonfly & gravestone doji
(4) morning & evening star doji
(5) bottom & top tweezer
You may follow candlestick trading strategy by Rayner Teo here
I have been working on this script the lasts days, it's a collaboration with an uruguayan mate.
* It has been optimized for 4h charts, use it on other at your own risk.
* Always use Stop Loss, since it might give false signals after a long trend.
* I'm still working on it, I'm going to add candlestick pattern filtering.
Thanks for your...
This Indicator Plots Swing Highs & Swing Lows based on Lance Beggs of (Your Trading Coach) definition:
A Swing High (SH) is a price bar high preceed by two lower highs (LH) and followed by two lower highs (LH)
In the event of multiple candles forming equal highs, this will still be defined as a swing high, provided that there are two candles with lower highs...