How it works This is a confirmation indicator based on moving averages. It compares the current price to a previous candle N periods ago, then smooths the result. What makes this indicator novel is that it takes the smoothed curve and compares it to the previous value to see whether the slope is increasing or decreasing. Combined with a zero-cross baseline...
We defined new method to derive zigzag last month - which is called Channel-Based-Zigzag . This script is an example of one of the use case of this method. 🎲 Trend Following Defining a trend following method is simple. Basic rule of trend following is Buy High and Sell Low (Yes, you heard it right). To explain further - methodology involve finding an...
Simply use it by clicking on your chart on the places you find important to determine whether you entries or exits look strong or weak.
This script intends to give you the average bid/ask price when using FX trade function on Revolut. Best used with OANDA markets as the price source.
This Indicator dynamically generates and charts Pivot Points, Support and Resistance Lines, Trend Channels and even Rsi Divergences in every market and every time period. While it helps you identify your entry points, stop loss and take positions, it certainly does not include trading signals and trading strategy. Bonus: the indicator contains ema21, ema50,...
This indicator is based on ema band.... condition for buy => 1) price should crossover ema band 2) price pullback on ema band but price should not close below lower band 3)after pullback green candle should close above ema band 4)check candle size when its crossing ema band 5)check previous canlde 7 should not touching cloud so (we can reduce range...
Introduction: The BBMA OMA Ally indicator is a combination of Bollinger Bands and several different moving averages. It uses the power of both indicators to provide a comprehensive and robust analysis of market trends and patterns. The indicator is based on the principle of combining trend-following and momentum indicators to generate precise buy and sell...
The indicator is designed to identify and track swing highs and lows in a given market on any timeframe, and display them on the chart as solid lines (the lines you see are denoting highs and lows). The lines are customizable in terms of color and width, as determined by the user input. The rules for creating a new high or low are based on whether the current...
Flying Dragon Trend Indicator can be used to indicate the trend on all timeframes by finetuning the input settings. The Flying Dragon Trend family includes both the strategy and the indicator, where the strategy supports of selecting the optimal set of inputs for the indicator in each scenario. Highly recommended to get familiar with the strategy first to get the...
This envelope has an "auto band adjustment function" that reflects the most recent volatility in the band width by ATR. This makes it easy to handle without the need to change the band width according to the volatility of the stocks to be displayed. The time periods and colors of each time frame that can be displayed and the central band of the envelope are as...
█ Overview The Trend Tracer (Expo) indicator identifies and predicts the future market direction. The cloud is designed to make it easier to see when a market is trending in one direction or another and to help traders identify potential entry and exit points, as well as trend changes. It is a visual representation of the price's momentum, price action, and...
TL,DR: A trend indicator with deviation bands using a modified Donchian calculation This indicator plots a trend using the average of the lowest and highest closing price and the lowest low and highest high of a given period. This is similar to Donchian channels which use an average of the lowest and highest value (of a given period). This might sound like a...
Trading Channel aims to be a canvas on which to develop any strategy that the user feels comfortable with. The greatest utility of the script lies in the fact that it plots a channel over the price action, as a support and resistance pivot, within which the price action develops. It is a script of maximum simplicity in concept and development, but at the same time...
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...
Simple but solid mean reversion indicator with sl and tp levels. Most of the code is based on the built in bollinger bands script. Designed for scalping 1-5 minute timeframes. The indicator consists of two sets of bollinger bands. Price has to close below the lower (fast) bollinger band, above the moving average of the (slower) bollinger band. If price now...
This indicator contains a set of 5 Donchian channels (upper, lower, and basis plotted) defaulted to lengths of 25, 50, 100, 150, and 200. A set of conditions associated with the channels aims to determine ranging versus trending markets. Weights are given to these conditions accordingly, then tallied up to determine the "cloud score", ranging between -25 and 25....
Is a tool used to determine market reversals, this tool is built of RSI and Moving Averages. Main aim of this tool is to help make market analysis easier by catching market reversal zones and alerting traders and investors about the market reversing and whether they should buy or sell. What the tool do - The tool catches market reversals - The tool draw new...
Cuban's Quick Action Channel Cuban's Quick Action Channel, is an indicator designed to predict likely areas of price reversion, using a tighter channel mechanism with a lower time preference in comparison to Cuban's Reversion Bands. It has been developed through extensive research and development over the last two years and has evolved into a tool that can...