What is This? The Displaced Moving Average Channel (DMA) indicator is a combination of two moving averages calculated on the high and low of a set time period back which are displaced forward or backward with the center highlighted as a central channel. What Information Can I Get Out of It? This indicator can be used as a support or resistance as some...
- Ultimate VWAP Bands is a script that helps to decide and further clarify areas of oversold and overbought conditions. - For example, when the price is in the lowest band it is extremely oversold relative to the VWAP . Hence it should be considered a good place to buy with a high risk to reward payoff. - Each band is set at a fixed offset away from the VWAP ....
Managing expectation is important for price action traders. This indicator mainly for intraday reference, and it plots the price change/ volatility statistics on a bar-to-bar basis, with the marking of +/- 1 and 2 sigma SD . The user can refer to the historical volatility to manage their expectation of the velocity of price action by referring to these statistics.
It is a volume-weighted index of Bollinger Bands. The central line is vwma so it's quite responsive The standard deviation is also volume weighted Charts without volume are not weighted with volume as 1. It seems that the usage in trading is the same as the Bollinger...
Version 1.0 of our PT Crypto Kill Zones indicator helps create a visual of specific times throughout the trading day, which we can expect volatility. The market moves within particular sessions. These sessions are broken up as such in three segments, NY, London & Asia. Toggles - Market Open highlights the opening of each market. Daily Zone – highlights a period...
™TradeChartist Ichimoku Trader is an elegant and functional breakouts trading indicator that generates trade signals based on two types of breakouts - True Ichimoku Kumo Breakouts and Ichimoku Trade Bands Breakouts, which can be further filtered using ™TradeChartist MA Visualizer and/or using an external Filter....
This script was originally for finding the ATR for Range Bars, by subtracting (close - open) and then taking the moving average. It has been updated to allow the user to select which sources to subtract, and set the period for the moving average. In this script, bars shown above zero indicate that price is increasing and bars shown below zero indicate that price...
Dear followers, today a new analysis and scalping tool for day trading on low timeframes (5-15 minutes) or to plan swing trades on hourly timeframes. It can be used also on high timeframes just for analysis current market trend. The indicator plots a series of levels which create a nice bands flow. The slope of levels make you easily understand when price is in...
This is a multi-timeframe Parabolic SAR indicator which uses 1 and 4 hour charts. Using this indicator is simple, if the LifeTime line is green then buy, if red then sell OR don't trade. So... Green Line - This strategy is in a buy position Red Line - This strategy is in a sell position Any other colour - DON'T TRADE The traders...
One of my mixed approach strategy indicators which includes: - Parabolic SAR - 1 Hour Supertrend - 4 Hour Supertrend Whilst this script may appear slow due to the 4hr Supertrend, it does a great job of managing breakouts. Using this indicator is simple, if the line labeled Lifetime is green then buy, if red then sell OR don't trade. So... Green Line ...
Based on Larry Williams "Blast Off" indicator. An excellent article describing calculations and usage is here . The indicator uses the same calculations. It must be noted that "Blast Off" by itself is not a sufficient system for a trade set up. This indicator adds traditional Bollinger Bands as a support structure for blast off. Generally, a volatility...
Identifies divergences in price action between the VIX (volatility index) and a ticker. Divergences can be a 'red flag' identifying lack of confidence in the price action. Best used in with volume studies, across multiple time frames, and across multiple tickers. Supports any volatility ticker (VIX, VXN, RVX).
This is an interesting study. We know bollinger bands can be a useful tool for price action, but what if we applied them to other indicators? The top chart is the Stochastics and bottom chart represents RSI. We can see a relationship between the two indicators, where the signal line bounces of the bollinger bands. The strategy is simple, when the signal lines...
Script looks for divergencies on TDI. Divergencies are created by fast MA. First divergence leg has to be outside of volatility bands. After that, fast MA has to cross middle of volatility bands and then create second leg. When second leg is created, there have to be two candles with the same color in the direction of divergence. Alerts are supported.
This is a combination of various indicators that very rarely conflict, thus giving us a good understanding: - "Price Rally" detecting whether price is rallying, giving us confidence it will continue. - Volume - knowing volume is going with the trend is a good confidence check. - Trend Angle - This will go red or green depending on whether the price angle is going...
Japanese below. 日本語の説明は下記 This is Bollinger bands that is shown only on 1M, 5M and 15M charts only. I Sometimes refer to Bollinger bands when I try to identify specific entry point on lower timeframe especially on 5M, whereas I do not want Bollinger bands to be shown up on other timeframes as they become noise... This is why I removed Bollinger bands from 1...
Uses 3 bar fractals ( Bill Williams - Trading Chaos) and differential standard deviation bands to quantify swing highs and swing lows
Calmness is a theory of mine that says that the more a series of bars resembles a rectangle or base pattern, the more calm it is. I mean think about it, when is price at it's calmest? When it's not moving of course :) And nothing better demonstrates a dead market like a base pattern. That is what makes this indicator so unique.....it's ability to detect the...