Added parameters for source of highest and lowest line.
It's usefull for ultra volatile markets like cryptocurrencies and penny stocks. Using close price as source helps to filter out false breakout signals in turtle trading strategy.
Designed for quick and clear visual analysis of market direction, aiming to high-light areas suitable for entry/exit
Channel width's are based on the average high and low difference over X period, and as such can help determine reasonable target price and stop distances.
There is no specific strategy to use with this indicator, it is only intended to...
All these indicators are by Mel Widner.
Projection Bands :
These project market data along the trend with the maxima and minima of the projections defining the band. The method provides a way to signal potential direction changes relative to the trend. Usage is like any other trading band.
The Acceleration Band System was published in "Big Trends in Trading" by Price Headley in 2002. The system designed to catch stocks as they start to trend but before they go parabolic. The system is simple but supposed to be very effective.
This system makes use of %R and ADX a lot to determine the entries/exits. Refer to the documents listed below for the...
According to the statistics of Thomas Bulkovski collected over several years on the 1-minute chart (21 million candles), there is a statistically significant periods, where the higher the probability of reversal rates on short-term timeframe.
By reversal, on average, had in mind the movement to 5 candles.
This three periods, they remain unchanged, depending on the...
Update: As you can see last channel is anchored wrong and I dont know how to edit that picture:) So here is the corrected one
Middle Line : Traditional MIDAS line calculated with hl2
Lower Line: MIDAS line calculated with low values
Upper Line: MIDAS line calculated with high values
Work on top of a great lazy bear script , here you can quite easily see where the close price lies compared to the channels . You can turn on displaying the high low as well which allows you to see where wicks went.
please remember to thank lazy bear
Ok final revision. Won't be doing any more to this unless absolutely necessary. Really need to make sure I'm done tweaking things before I publish in future..
High and Low sourced MA channels extending out from a median (hl2 sourced) MA.
Large array of MA variants to choose from.
Fixed resolutions available - can be disabled if...
This indicator is intended for those who have nerves of steel and trades for a long time. You can change the settings for other tasks, but the goal was different.
If the "Turn Line" is above the baseline, then the market mood is long. This is also indicated by an arrow and signed. If the "Turn Line" is below the baseline, then the market mood is short. This is...
I developed the original as an experiment to potentially replace or augment my BB and RSI based strategies. After some back-testing I could see some really interesting results but it wasn't quite where I wanted it, so after some tweaking and further back-testing, and adding in more MA options, here we are. Mostly tested on 1h and greater time-frames using...
This indicator plots dynamic price channels based on the security highest close and lowest open.
The default is to display 8 core channels (with the option to plot the sub channel lines, off by default).
It’s simple really—this just divides the price action into equal channels. I’ve found this pattern helpful across all markets.
It’s dynamic because if a new...
I wrote this up as a potential replacement for my BB based strategies, and so far it's looking pretty nice.
Description / Usage:
Adjust length and multiplier much the same way you would expect with Bollinger Bands.
Multiplier of 1 gives you a base channel consisting of one high, and one low sourced SMA (or EMA)
The outer channels are increments of the base...
Price Channel Implementation.
You can choose to see indicator for Long or for Short trading and to determine frames for Open and frames for Close, in a sense that you could choose 4W for Open and 2W for Close.
Green line is to Open Position when broken, and Red line is to Close Position with broken.
Hope you enjoy with it.