Relative Strength Index (RSI) is being used by majority of the traders to get benefitted based on the swings. But these swings are hard to Identify.
This Indicator uses 4 major factors for finding the potential reversal points:
RSI Crossover or crossunder
Relative volume
Overall volume against the moving average volume
Relative closing of the candles
...
This script would find potential reversal price zones according to RSI over bought or sell condition and big reversal candle.
It works better in range markets and lower time frames like 5M and especially in Support/Resistance zones.
Suit for scalping in forex or crypto markets.
* Use it as a trade assistant not a trade signal!
The Convolution Indicator was created by John Ehlers (Cycle Analytics For Traders pgs 170-174) and this is version of an indicator to find potential reversal points. The idea behind this indicator is to use a variation of his AutoCorrelation Indicator that transforms the data using digital signal processing and as you can see it looks very similar to his ...
This is a custom indicator of mine loosely based on the work by Steve J Godwin & Louisa C Schneider (Stocks and Commodities Feb 2021 pg 22) and this works pretty well at anticipating future price swings as the momentum falls. The idea I was going for was to introduce the idea of reversals in combination with a momentum indicator so you can better identify peaks...
The Folded Relative Strength Index was created by Richard Poster (Stocks and Commodities July 2021 pg 21) and this indicator provides both trend strength but also momentum and of course reversal points using the overbought and oversold markers. If the indicator line is above the mid line then this shows upward momentum and when it falls below the midline then this...
Alright so this is a script I made by combining two existing ones and making a really cool discovery that has proven very useful.
You'll notice that there are two separate oscillators that are laid on top of each other. The background oscillator is my "Tip-and-Dip" oscillator which you can see here (will refer to this as TnD from here), and the foreground...
Been a minute since a public script!
This one looks at the range and recommends potential reversal depending on degree of overextension.
Originally intended for low timeframe short time horizon reversals but works well on higher timeframes as well.
Oscillator included in the image so you can see under the skirt and check what's happening.
This indicator is an updated version and alternative to the ETS Trending Arrows indicator that contains the results of years of trial and error to create an indicator aiming to mimic market entry points that a professional trader would take.
It has arrows to clearly show potential market entry points, and suggested stop-loss levels. This particular updated...
"It has never been easier to find high probability trades"
Reversal Bands & Zones (Expo) is an algorithm that analyzes the market in real-time and identifies reversal points, key market zones, and trends. The advanced and unique reversal bands act as support & resistance zones, and together with the trend tracking feature, it serves as a trend confirmation....
Core idea behind designing this tool is to CATCH REVERSALS in the live market.
Reversal can be a TREND REVERSAL or a TEMPORARY PULL BACK. This tool works perfectly in both situations.
HOW TO USE:
AFTER YOU APPLY THE SCRIPT.
1. WAIT FOR THE FORMATION BLUE/YELLOW COLOURED BARS AT DAY HIGH/LOW.
Accuracy is highest when the REVERSALS are caught at DAY HIGH/LOW. I...
While trading, I noticed that emphasis is often placed on how far price has moved from the moving average (whichever a trader prefers). In these cases I also found that Bollinger Bands only sometimes played a factor in determining whether price had moved "too far" from the moving average to potentially result in a sharp move back to the average.
Because I wanted...
Simple script to plot the Midpoint between the High and Low of day for intraday trading. This is a key level that is respected quite often. Very easy to trade bounces or breakthroughs.
This is written primarily for intraday exits with aggressive loss control; based on short term momentum + volatilty reversals ... may not be good if you have higher risk reward appetite and want to ride the trend longer
"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett. Fearzone & Greedzone Levels - Contrarian & Breakout (Expo) is a contrarian and breakout indicator that gives us an indication when fear and greed begins to take over in the market. Traders should be prepared for increased volatility and good trading opportunities.
This...
"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett. Greedzone is a contrarian indicator that gives us an indication when greed begins to take over in the market. Traders should be prepared for increased volatility and good trading opportunities.
The Greedzone is visualized with green candlesticks above the price.
HOW TO...
"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett. Fearzone is a contrarian indicator that gives us an indication when fear begins to take over in the market. Traders should be prepared for increased volatility and good trading opportunities.
The Fearzone is visualized with red candlesticks below the price.
This...
Welcome to Market Sniper.
Market sniper is meant to be a suite for trading/scalping alongside my indicators script, RSI, Stochastic and Horizontals.
It is based on over 15 Indicators/Oscillators so there is no need for convoluted charts and constantly changing charts/indicators for a better understanding of the market.
Warnings:
I can't stress this...
![AAPL: Ehlers Convolution Indicator [CC]](https://s3.tradingview.com/r/RPkdjGSG_mid.png "Ehlers Convolution Indicator [CC]")
![AAPL: Ultimate Momentum Indicator [CC]](https://s3.tradingview.com/d/dV5HEGpP_mid.png "Ultimate Momentum Indicator [CC]")
![AAPL: Folded Relative Strength Index [CC]](https://s3.tradingview.com/3/3MHrImYN_mid.png "Folded Relative Strength Index [CC]")
