Creates a Histogram for Statistical Analysis of any source.
Sample Source: Select your source here, can be any numerical source.
Sample Period: Sample size for Mean and Standard Deviation Calculations.
Enable Cumulative Mode: Will attempt to calculate the bin for every sample in the entire dataset.
Window Period: Used only in Window Mode...
A simple script that shows mirrored regular volume bars with the purpose to show break-outs and low volume ranges, using highest and lowest of a few bars back.
Use Heikin Ashi function to smooth the colors with the trend.
This script is not intended for trading purposes but gives some examples how you can get values
from previous candles in other timeframes, without using security calls.
NOTE: the "open", "high" and "low" values are calculated "on the fly", as the bar progresses,
the "close" is determined at the end of the timeframe, so it's only know at the first bar of the next...
This is three moving average based strategy focused on trend-following. Targets and stops are set based on ATR. Following image pictures the strategy with all mas plotted:
Buying conditions are:
►A smoothened moving average (red) is above the exponential moving average (yellow)
►An exponential moving average is above...
This indicator displays a custom timeframe VWAP line
together with several multiples of this timeframe
After a large price move, the price often tends to return to one of these multiples
A different spin on Keltner Channels. Using 3 channels of varying widths provides a good visual for potential entries off of extremes. Normal channel is center, green and red "zones" could be used as potential entry/exit areas, and the outside yellow zones may be viewed as extremes (signifying potential breakouts or strong reversal areas).
This Ichimoku Kinko-Hyo is an indicator which has been changed for short-term trading and, It has a “target price theory(one of three theory of Ichimoku Kinko-Hyo) function.”
Also, In this indicator, It can be plotting the “Span model”, “Super Bollinger Bands” which has Invented by a Japanese currency dealer Toshihiko Masaki, And Moving Average.
In addition, you...
Modified to code from @modhelius and added colors and histogram for easy reading...thanks to him...
What is Relative Strength?
Relative strength is a ratio of a stock price performance to a market average (index) performance. It is used in technical analysis.
It is not to be confused with relative strength index.
To calculate the relative strength of a...
This Panel consists of supporting filters to be used together with the "Short Term Trade Setups" panel.
These filters are described in the the book (Swedish):
"Boken om Gerillatrading" by Johan Hellström, Peter Nilsson, Johnny Torssell
The panel consists of three rows defined as:
Market Trend : 'green' if a positive Market Trend (choose...
This script measures candle length and average true range (ATR). A break out occurs when a candle is larger than the given ATR value. You can choose to calculate length from wicks or from the body (open & close).
You can use this as trend direction indicator by following the last break out candle or open a position after a break out with a stop just above or...
This is the United States inflation rate, based on the total Consumer Price Index published by the U.S. Bureau of Labor Statistics.
Option to toggle:
A line to display the inflation rate in December. It does not change until the next December.
What the color change to red is indicative of:
According to the Federal Open Market Committee (FOMC) regarding...
As a long-term buyer/short-seller, you will always find different ways to enter the market , moving average crossovers, breakouts , overbought/oversold conditions being some of the classy methods. However, they are decreasingly effective... 😢
Recently I have realized that analysis beyond the technical indicators will bring trading to the next level because I will...
The Strategy involves two Bollinger Bands (BB) at a go.
One with Divergence of 1 and another 2.
When the price rides above the inner BB, buy, check if it rides above the second BB. Exit when price falls inside the Outer BB and enters the Inner BB.
When the price rides below the inner BB, buy, check if it rides below the second BB. Exit when price rises...