The Squeeze Index aims to measure the action of price being squeezed, and is expressed as a percentage, with higher values suggesting prices are subject to a higher degree of compression. Settings Convergence Factor: Convergence factor of exponential envelopes. Length: Period of the indicator. Src: Source input of the indicator. Usage Prices being...
This is a multiple multi-timeframe version of famous supertrernd only with Heikin Ashi as source. Atr which stands in the heart of supertrend is calculated based on heikin-ashi bars which omits a great deal of noises. with 6 multiplication of the supertrend, its simply much easier to spot trend direction or use it as trailing stop with several levels available....
This indicator indicates the Pre-Forex Market Killzones studied by our mentors at MTA Concepts. High volatility areas where you can take advantage of a great advantage when trading intraday. Killzone: A killzone is an area, a time interval where there is high volatility and coincides with market pre-openings. We have divided the Killzones into 3: -London...
This script backtested some stocks, it's giving soft buy and strong buy signals, I am using Bollinger band and 200 EMA, Strong Buy :- If price is above 200 ema and cross over 10d ema and sma setup with BB, Buy :- If price is below 200 ema and cross over 10d ema and sma setup with BB, Strong Sell :- If price is below 200 ema and cross over ema and sma with...
This is simple Highest high and Lowest low strategy. Buy when break HH+offset Sell when break LL+offset Offset = (HH-LL)/2
Library "TA" General technical analysis functions div_bull(pS, iS, cp_length_after, cp_length_before, pivot_length, lookback, no_broken, pW, iW, hidW, regW) Test for bullish divergence Parameters: pS : Price series (float) iS : Indicator series (float) cp_length_after : Bars after current (divergent) pivot low to be considered a valid...
Library "Algebra" Algebra functions. line_fromXy(x1, y1, x2, y2) Get line slope and y-intercept from coordinates Parameters: x1 : x coordinate 1 (int - bar index) y1 : y coordinate 1 (float - price/value) x2 : x coordinate 2 (int - bar index) y2 : y coordinate 2 (float - price/value) Returns: of line line_getPrice(x, slope,...
(My goal creating this indicator) : Provide a way to categorize and label key structures on multiple time frames so I can create a plan based on those observable facts. The Underlying Concept / What is Momentum? The Momentum shown is derived from a Mathematical Formula, SUPERTREND. When price closes above Supertrend Its bullish Momentum when its below Supertrend...
The Moving Average Channel (MAC) is a concept developed by Jake Bernstein, Speaker at Wealth365®, where the 10 period SMA of the High and the 8 period SMA of the Low are plotted to create a channel. As the channel begins expanding, the current trend is getting stronger. However, when the expansion is too large, the trend may make a pullback to the channel (upper...
Hi guys, If you are looking to add some watermark into your charts. You can use this indicator. You can add add a title and a subtitle, if you want to write in diferents lines, you can use \n as you can see in the script. All the features are customizable: position, text size, text color, background. Enjoy it.
I like to share my ALL-IN-ONE script to help you understand trendlines, overbought/sold, unified EMA, Volume trades, Chopiness index and my favourite Fibonacci. It looks a bit messy but you will get used to it.
EN: Close Open Estimation ( aka COE ) is a very simple swing-trading indicator based on even simpler idea. This indicator is from my educational series, which means that I just want to share with another way to look at the market in order to broaden your knowledge . Idea : Let's take n previous bars and make a sum a of close - open -values of each bar....
Library "Console" █ OVERVIEW An easy way to output messages to a console like table using a a simple "print" function that can be called from anywhere in your code including functions. █ Supports: - Scrollable console messages - Customisable number of displayed messages - More than one "console" for different types of output if...
// Conversion Range Candles // Compares price action range with that of the value currency (e.g. ETHBTC compared to BTCUSD). // Public Domain // by JollyWizard
This is a simple 3 times EMA, SMA, WMA, HMA , Timeframe selector which can send the above below to the multimit system to daisychain trends in
The reason for publishing the script was the lack of display of important components in the standard ADX indicator, such as DI+, DI-, DX , ADXR, and the absence of a choice of methods for calculating moving averages in the indicator. According to the book by the author of the ADX indicator, W. Wilder, the indicator components were calculated using the SMA formula,...
If your chart timeframe is 1 hour, then each candle show you the OHLC over an hour. The OHLC price information is rather course grained and does not include the volume. What if you could split each 1h candle into smaller candles and calculate the Volume Weighted Average Price (VWAP) on those ? That is exactly what this indicator does. It virtually splits your...
A simple indicator showing the relation of volume to highest volume for a define number of bars. Helps to differentiate periods of low and high volume. Define the number of bars to find the highest volume used as a basis. Apply a simple moving average to smoothen the volume. Set it to 1 to disable smoothing. Define a threshold differentiating low and high volume.