Calculates the average body to wick highs and body to wick lows over a period and highlights bars above the filter line Can be filtered further by requiring a bullish close for a long bottom wick / bearish close long top wick Amplitude of filter line can be adjusted Two bar reversal mode highlights a continuation bar close in the opposing direction of the...
This is my "Weekly/Daily/Hourly/Minutes Colored Background Intervals" assistant. I wouldn't describe it as an indicator, it just exhibits coloration of referenced periods of time with bgcolor() in Pine. With the arrival of 2021, I pondered the necessity of needing a visualization pre-2021 to visually recognize periodicity of market movements by the week, day,...
After I published Short Selling strategy with RSIofUO , I have been working for Long side strategy with same indicator. but for Long strategy , I have used only the Ultimate Oscillator ... (Not the RSI of UO) Logic behind this is , when UO goes below oversold level , high chance of possible reversal from there ... Ultimate Oscialltor values , I have used are...
Level: 1 Background This MACD is designed with unique oversold and overbought detections, which you may not sell or buy immedidately. You may need to watch the trend movements and decide to buy or sell on current or next goldcross and deadcross respectively. Function Add oversold and overbought detections for MACD to locate proper entry point. Key...
Macro Cycles (Daily) is an indicator meant to show long-term cyclic trends on a daily scale - Red line: Cycle Top - Green line: Cycle Bottom - Red Area: Bearish - Green Area: Bullish - No Area: Price Discovery - Grey Background: Accumulation Zone - Range Input: Lets you fine tune the placement of the Red and Green lines * This is not financial advice. Proceed...
by request of a friend I just made this fast using screen script taken from this is a helper for those who play forex it set on 1 hour non repainting candles MTF we use it on 1-5 min chart. you can play with the MTF to be 30 min or lower /higher etc control of xcreen is by F for height (set to 240 min) you can change to other its just for fast screening of...
Level: 2 Background I am wondering how it works with short-term and middle-term KDJ indicators put together to emulate MTF. Function Use a fast and a slow KDJ to combine signal together to judge trend Key Signal oversold --> oversold signal for long reentry --> re-entry signal for long addmore --> buy more signal for long sellready --> overbought signal for...
Ichimoku Kinko Hyo Signals This script show signals based on my understanding in Ichimoku Kinko Hyo. /!\ Please do not follow signals blindly and always make your own analysis /!\ Buy : Han Ne lines are up, price is up, and also stochastic (K=30, D=10) is up Strong Buy : Is a Sanyaku Kouten and can show a potential reverse in current tendance and Buy...
the triggers only work to tell you go back 5 candles on 5 min, take either lowest or highest plus 3 pips and make entry and go 3 pip over under trigger for stop loss. can take half profit at 1x and move stop to break even and go 1x more for take rest profit, or create a trailing stop loss on Take Profit level 2 and ride the trend. 1 Hour chart has to be over...
The Demand Supply Zone indicator with Alerts helps in identifying the Demand Supply zones on chart by pinpointing them. The indicator looks for Demand Zone patterns, Drop-Base-Rally or Rally-Base-Rally , when such pattern is identified the indicator marks it on the chart. Likewise, if the indicator identifies Supply Zone patterns, Rally-Base-Drop or...
RECOMMENDATION: I PREFFER USE THIS ON 4H OR 1D TIMEFRAME In the following article, I have completed the creation of this semi-automatic script dedicated to institutional capital management in the different markets, its development was carried out under operations that exceed a balance greater than 1 million usd, which will allow you to summarize your technical...
Good morning. This is MBY Lab. This indicator calculates the conditions for the intersection of two different moving average lines. What the "Point" value means is the price at which the moving average line with different opening and closing prices for today or tomorrow crosses. Traders can use this indicator to predict the conditions in which Golden Cross or...
Fires buy signals when the RSI is oversold in the last 7 candles, and has a bullish engulfing candle... Fires sell signals when the RSI is overbought within the last 7 candles, and has a bearish engulfing candle.
The Donchian Dip This strategy is designed to look for good "Buy the Dip" entries on stocks that are clearly in a strong 1-year upward trend. If you do not know how to identify those stocks on your own please do not use this system or continue your education until you do. The Donchian Dip strategy was designed on the daily time frame but works amazingly well on...
Webby's RSI (Really Simple Indicator) is a technical indicator designed to gauge the health of an uptrend. The concept and original implementation was created by Mike Webster, previously a portfolio manager for William O'Neil, founder of Investor's Business Daily. Most often used with the Nasdaq Composite (IXIC), Webby's RSI is the percentage of the low versus...
█ OVERVIEW After some chart measures, I noticed that if we took the difference between fast and slow Moving Average lines and apply the Fibonacci ratios, we get a very reliable support and resistance level for each bar. So, I made this script to help me (and anyone who wants to use it) know where we should close or put stops in our orders. █ HOW TO USE IT:...
// ========================================================================// This script is meant to help you save a lot of time plotting your Gann Boxes and Cycles correctly and accurately. This is a recoded version of "Gann ToolBox V1.5/1.7" This script allows you to scale your boxes and square them with a simple input in the script's settings "$ per...