TradeChartist Tantalizer Pro™TradeChartist Tantalizer Pro is an extensive set of trading Indicators, Signal generators and Utilities all packed into 1 script. The script's visually appealing design and its functionality offers a pleasing experience for the users, thereby complementing their analysis and helps understand asset's price action better.
What does ™TradeChartist Tantalizer Pro do?
1. MA Tantalizer plots Moving Averages Tantalizer (Fishnet or Tantalized) based on user selection from a dropdown of 10 MAs (SMA, EMA, Zero-Lag EMA, SMMA, WMA, DEMA, TEMA, VIDYA (Variable Index DYnamic Average), T3 MA (developed by Tim Tillson featured in his article "Better Moving Averages" in 1998), Modified T3 MA). If length input is 10, Tantalizer plots 20 MA plots ranging from 10 MA to 200 MA. The Tantalized MAs help the traders to visually spot price trends and along with other indicators within the script, helps make an informed trade decision. 20 MA plots can be individually plotted or hidden from the indicator settings.
2. Plots two MAs based on user input length and timeframe which helps detect MA crosses as shown below.
3. Generates Intensity framework based Signals with recommended Stop Loss (trails with Equilibrium Line) along with Intensity Bands plot. (disables MA Tantalizer)
4. Plots Intensity candles to help spot trend and trend changes.
5. Generates TradeChartist's Rubicon framework based signals with recommended Stop Loss (trails and reverses trade when closes below or above, based on trade direction) along with Rubicon Environment plot.
6. Offers RSI color candles, Automatic Levels Generator in the toolkit to help traders visually spot RSI changes and Support/Resistance levels on chart. RSI Color Candles is a very helpful tool especially in spotting price trends on Heikin Ashi charts.
The sheer number of interesting things that can be done with this script from plotting visually engaging MA Tantalizer, detecting MA crosses not just on chart Timeframe, but also crosses between MAs of different timeframes, switching between Rubicon and Intensity environments, switching between RSI and Intensity color candles to plotting Support/Resistance levels using Automatic Levels Generator, makes this script quite versatile and a real Tantalizer.
This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to the indicator before deciding to take lifetime access to this script)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
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Rubicon
™TradeChartist Intensity™TradeChartist Intensity is a visual indicator that comes with Intensity color candles and Auto-fibs feature that helps any trader with Entry/Exit and levels confirmation based on where the price is, in relation to the Orange Price Equilibrium line and the 5 zones of Bull/Bear limits that fade into the top or bottom outer space.
™TradeChartist Intensity itself doesn't plot BUY or SELL signals, but when used with ™TradeChartist Rubicon gives a better picture for trade confirmations. It can also be used as a standalone indicator and works equally effective with other traditional and non-traditional indicators.
The indicator comes with simple settings with useful features outlined below.
Intensity Color Candles
Intensity Color Candles when activated from settings paints the candles/bars with colors specific to the Bull/Bear limits or the outer space and is easy to identify the signal strength over time.
Uptrend - The bars/candles move away from the Orange Price Equilibrium line towards the upper Bull limits with bar color fading slowly leading to outer space where the bar color turns neon green.
Downtrend - The bars/candles move away from the Orange Price Equilibrium line towards the lower Bear limits with bar color fading slowly leading to outer space where the bar color turns neon red.
When the price candle wick or body touches the Orange Price Equilibrium line, distinct torchlight circle appears to signal the trader of a potential change in price direction which can be used as a signal confirmation in conjunction with another indicator before taking a trade position.
Show Auto Fib Levels
Auto Fib Levels plot automatic Fib levels based on significant Highs and Lows based on Intensity strategy which mostly are reference prices of recent highest high above Orange Equilibrium price line and recent lowest low below the Orange Equilibrium price line.
15m XBT chart with 'Show Auto Fib Levels' checked and 'Show Fibs from current High/Low' unchecked under indicator settings
These Auto Fib Levels change when the price movement/trend changes direction and will be based on trending price direction.
Show Fibs from current High/Low
When this option is chosen from indicator settings, the auto fib levels are drawn from the highest high of the trending price direction to lowest low of last trend for uptrend or vice-versa for downtrend.
15m XBT chart as above with 'Show Fibs from current High/Low' unchecked under indicator settings
Show Profit Candles
Activating this option from indicator settings will automatically plot $ labels above candle highs that hit important resistance levels during uptrend and candle lows that hit important support levels during downtrend. This will help traders take out profits during trades based on their personal profit goals and realistic trade targets based on momentum/RSI/volatility etc.
Example chart of XAUUSD 1hr Gold chart showing both Long and Short trade Profit candles
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