Possible correction zones are calculated based on Humble Bars. Please check Humble Bars and Humble Bars Convergence Divergence indicators for more info. Note that, these are meant to be correction zones, not turning points. If you take those as entry signals, you should remember, you are probably going against the trend. Humble Bars Humble Bars Convergence Divergence
MACDish version of Humble Bars. So, basically, HBCD = blue - red
Names: "Course Gradient Indicator" or "Punctual Deviaton of Course Gradient Indicator" or shortly "PDCG Indicator" Description: I developed this Indicator to identify potential changes in the course gradient (aka slope of course). If you want to know what kind of mathmatical operations where used for this, look at the source code below Usage: Generally, i...
The idea behind the indicator is pretty straightforward: During up trends, green candles tend to be bigger and during down trends, red candles tend to be bigger. So, this indicator tries to measure green and red candle sizes. So, the blue line shows bullish momentum and red line shows bearish momentum. Signal lines also added.
Count how many wicks bottom out in each price zone. Specify the following inputs. Lookback: How far back from the latest candle to look for wick intersects. Zone Size: The price range size for zone. Wicks tips that fall into each zone will be counted. Minimum Intersects: Specifies how many wick tips must intersect with the zone before the zone is allowed to plot.
Beacon uses the current volatility of the market based on your trading time frame to determine support and resistance levels, whether a trend is intact or ready to revert back in the range. One of the most difficult things I went through as a trader was determining whether we are in a trend day or if we are in grind up or grind down mode. I created Beacon to...
TLF is a price based Adaptive Scalping Indicator ideally to be used over lower timeframes 1min, 5min,.... 30 min Its made using pivot calculations of fibonacci lookback lengths, which gives it an adaptability default lookback lengths are: 55,89,144,233 This indicator is a pine script clone of Trend Line Fibonacci as available in MT4 google search (...
This indicator allows you to specify price zones in which to detect basic candlestick patterns. In the example above, I have specified the most immediate support and resistance zones on Bank nifty and set the script to detect price action. If a price action occurs within the resistance zone a signal will be generated; likewise for price action within the support...
MTF Money Flow Indicator is an amazing tool used to help determine market direction on multiple time-frames based on the the traded volume . This indicator is a superb upgrade to my original Money flow indicators. You now how the option to adjust the displayed volume timeframe, which in turn adjusts the Money Flow Moving Averages, along with the new Breakout...
Level: 1 Background This is a simple model for digitized KDJ Function Lime for bull and Red for bear with digitized candles. Key Signal lime candle --> bull red candle --> bear blue candle --> watch yellow candle --> long entry fuchsia candle --> overbought Remarks Feedbacks are appreciated. Readme In real life, I am a prolific inventor. I have...
(주식/Stocks) 삼성전자 Samsung Electronics (선물/Futures) 나스닥 NASDAQ (코인/Cryptocurrency) 비트코인 BTCKRW Hello my dear traders. My team has recently developed a technical indicator that surprises ourselves every time we observe a price action caused by this very indicator. Relative Strength Index has been developed by a scholar named Welles Wilder. Just like me,...
Finds and plots stop hunts / raids between fractal points. If a candle wicks above/below a fractal and close back in its range, it will plot a line and/or dot based on preference. Also able to filter a time period, meaning it will only plot if the stop hunt happened inside the time period. Other options: - Draw fractal points - Choose between 3 or 5 bar...
Simple indicator designed as filter so you can easily see how the currency or asset performed during each month historically. Can used to identify a possible month to enter or exit a trade in. For best results use in combination with another indicator or candle pattern to signal an entry in a historically bullish month *This indicator is designed to be used only...
LVQ-based Strategy (FX and Crypto) Description: Learning Vector Quantization (LVQ) can be understood as a special case of an artificial neural network, more precisely, it applies a winner-take-all learning-based approach. It is based on prototype supervised learning classification task and trains its weights through a competitive learning...
Hey Traders, this is the $EVZ chart plotted as an indicator. The $EVZ is the Euro Volatility Index, which can be used to measure volatility in markets. The use of the $EVZ could be helpful for trend traders of FX. The concept developed by VP of no nonsense forex, we can use the value of the $EVZ to determine when we put on full risk if there is high volatility,...
Colours background so that each day of the week can be seen with ease
Confirmation (Expo) is a trading confirmation tool that can confirm any indicator, trend, setup, signal, or strategy. Once you have chosen the input source (any indicator) you can use the tool to confirm the trend, trend strength, overbought/oversold areas, retracements, and reversals. This tool is built for traders that already have a strategy or preferred...