This indicator Calculates the average upper shadow of the previous 200 candles for issuing SELL signals. And calculates the average lower shadow of the previous 200 candles for issuing BUY signals. If the upper shadow of the new candle is %1000 greater than the average upper shadow of the previous 200 candles, a SELL signal is issued and a red arrow appears above...
Have you ever wondered how much the RSI can vary during an open session? How much wicks can make the RSI overshoots before it retraces for the close? This indicator plots the RSI shadow, which is the area between the highest and lowest RSI values attained during each open session, from the high/low wick price candle (ie, not the open value). Technically, we...
Script that detech when the shadow is higher than the body. Should be 3x higher for be detected. (personal preference)
In This experimental study, we've taken RSI data, Volume Profile, and Trend analysis, combining them into one unique package that will allow a trader to analyze market trend lines and their proposed channels, trend momentum through candle color augmentation similar to "Pulse", and Visible Volume index price levels on chart for the current sequence. Below are...
- Volatility Indicator - Replacement for ATR - As each pair holds a different level of volatility, a stop loss can be set using this indicator rather than via a ratio 2:1, etc. e.g. 2 X Volatility Value = S/L... - This indicator averages the bodies of candlesticks over a default length of 14 periods. It also considers the length of shadows via a weighted average....
Shadow/Wick Moving Average - Moving Average comparing top and bottom Shadow / Wick length - Shadows represent price levels that have been hit, but did not close - Not an all-purpose, all-in-one indicator for entry and exit - Used as a visual aid to better understand price movement. For example. if price is bearish, but the Shadow MA is showing high, positive...
Hello traders This indicator is based on my TSI shadow previously published This custom version will also color the candles based on the TSI shadow trend Bullish condition = TSI > MA2 and MA1> MA2 Bearish condition = TSI < MA1 and MA1 < MA2 I made alerts available for this indicator so you can set them on your account Enjoy Dave
Moving Average Shaded Fill Area Crossover EMA Color with option to change EMA value
The indicator shows the ratio of the upper and lower shadows of the candlestick chart.
This simple script is a very useful tool for studying the shadow in crypto-currencies.
Quick and dirty script to show "shadows" off of wicks so they're easier to see, especially when zoomed out.
v1 Big Shadow candles based on "How Naked Trading Works" video by Walter Peters: https://youtu created by AlistarElvis v2 Bugfix calculation largest candle, added parameter for alternative calculation largest candle