Volume Directional Oscillator is an indicator that combines several types of metrics for a convenient understanding of price movements. The indicator displays a histogram of red, dark red, green, dark green and yellow columns, as well as a red-green line. Red columns indicate an increase in selling volumes as the price moves. Dark red indicates a decline...
Thank you to Hendrik Fuchs who coded this for me - I highly recommend you... The AUDUSD/EURUSD has a negative correlation with the DXY as does the GBPJPY/USDJPY have with the JPYX. This indicator is very simple and uses opposite candle pinbars (pinbar/doji structure can be set by you) of the two instruments on the chart whilst the stochastic RSI should be above...
Hello traders, here is a indicator which is based on a strategy I found on a forum. I hope you will find it useful. Rules to Follow: 1) Wait for signal . Signal appears at 9:30. (New York time) 2) Wait for price to mitigate the zone 3) Sell anywhere in this range after or during zone mitigation. 4) Keep stop Wide to avoid getting stopped out. 5) Target...
An example of how to limit the input number of allowed signals using a function containing a condition counter with a reset.
The Fibonacci Step Indicator assumes irregularity in calculating a moving average. It is measured as the mean of the previous lows and highs situated at Fibonacci past periods. For example, the mean of the lows from 2, 3, 5, 8, etc. periods ago form the Fibonacci step indicator. The indicator uses the formula for the first twelve Fibonacci numbers on highs and...
This indicator is intended to reduce market noise by averaging "Heikin-ashi" a few more times. You can set the number of averages and how the closing price is calculated. The Modes: There are several presets. The "Mode 1" is more conservative and flips fewer times, but with less noise. (Averaged by 5 times, Close calculated by oc2) The "Mode 2" is more...
Plots the first time the close price is above or below the colored portion of the chosen MA. The MA's formula is from TradeStation's indicator: "Colored Moving Averages Can Help You Spot Trends" . I modified that indicator with customizations that include: Buy and Sell signals. Each time the current bar closes above the MA, while it's red (bearish), there's a...
SWING RAPAT JIK ( LOW-HIGH ) Smart Money TrendBand ( 2023 updated edition ) The Swing Rapat Jik indicator is a method of knowing whether the current market is either at the highest or the lowest price. It is also a relatively less risky strategy and suitable for long-term traders such as swing traders. The analysis tool used is based on the Relative Strength...
Volume Divergence • Formula originated from: "Hidden Price Divergence" (circles) by TheLark. I did two things to harness its effectiveness: • Firstly, I developed a unique way to filter out the divergence signals that were appearing on both sides of the midline. This filter will be known as the "Midline Tool" . It filters out a lot of the false...
A stochastic indicator is a technical analysis tool that uses random data points to forecast price changes in a financial security. It compares the closing price of a security to its price range over a set period of time. The indicator is designed to indicate when a security is overbought or oversold by comparing the closing price to the price range over a certain...
Bender MA Cloud is a powerful indicator that uses two moving averages filtered by standard deviation to create a "cloud" on the chart. The upper and lower bounds of the cloud could be key levels of support and resistance, and the indicator plots lines on the chart that reflects the average price of the stock over a specified period of time. The standard deviation...
I have modified LazyBears Squeeze Momentum Indicator with enhancements, plus added signals LazyBear mentioned that in John F. Carter's book, Chapter 11, "Mastering the Trade", that "Mr. Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit...
Auto Trend Lines Breakout with Confirmation Bounce Signals and Alerts This indicator draws trend lines automatically based on the 2 pivot points, which are calculated based on the specified number of bars (length), which is of course customizable. The indicator then shows you when these trend lines get touched (potential bounce) or “almost touched” (Yes! The...
Description: An indicator based on ATR adjusted for volatility of the market. It uses Heikin Ashi data to find short and long opportunities and displays a dynamic stop loss level. Additionally, it has alerts for when the trend changes (which is an entry signal). How it works: It works by dynamically calculating the Period for ATR which depends on current...
Using VWAP as a start point, the VWAP Predator uses proprietary Fibonacci bands to help determine signal criteria. Most traders use VWAP in a simple way to determine whether an instrument is in a bearish or bullish state, but that doesn't help choosing the correct time to go long or short. The xBat VWAP Predator uses behavioural analysis with volume, price...
The indicator is designed for use in binary options trading. Designed for TF 1 minute, EURUSD pair (tested on Currency.com exchange instrument). When the rules of the internal algorithm are triggered, the indicator generates a signal with the probable movement of the instrument on the next bar: if a green bar appears at the bottom of the bar, it means that the...
This indicator is built with the purpose of keeping things simple and user-friendly. It is a custom formula I developed lately and it signals pretty accurately changes of direction in the price. Added an Alert option to it lately - with customizable...
what is "Colorful Channel"? it is a overbought - oversold indicator. what it does? It fills the area between the upper band of the channel and the price line with green, the area between the lower band of the channel and the price line with red color and applies a transparency to these colors according to the distance of the price from the channel lines. thus...