TrendBand Guide - simple way to analyse current chart trend.
Basic of usage:
1. TrendBand Color
Red : Chart in bullish condition
Green : Chart in bearish condition
Purple Line : Current trend direction
Red Line : Long term trend direction
2. Candle Color
Green Lime : Breakout 20 days high with more than average volume.
Red : Oversold condition base on...
Quick analysis for TRENDING markets. This script tracks trend and 3 pullbacks ranges from n-bar max/lows.
Pullback values are floats so ranges can be < 1% for intraday trading. On top of it, it also provides non-lagging "directional bias" candle colors by tracking the earliest possible swing highs.
Also, thanks for the 100+ likes on my previous script ("Day...
This indicator simply tracks the balance of the supply/demand and will always revert to the mean.
If the market is over bought it will move above the mean, hit a limit and come back toward the mean. Opposite for oversold.
The difference between this and MFI or RSI is that a market can move up or down in an organized fashion and stay close to the mean. It is...
This indicator is designed to be used with the rules of Steven Hart's Aggressive Pullback Strategy. It is intended for use on the 4-hour timeframe but will work on all timeframes. The rules are customizable, but the default settings are:
Minimum Candle Pullback: 2
How Many Candles We Can Engulf: 3
Override Rule #2 If Candle's Body % of ATR Is Less Than: 99%
The TPR(Trend Pullback Reversal) indicator forms a possible price trend with support and resistance lines. It also comes with a unqiue band and center line as additional features.
TPR works on all timeframes and all symbols and all type of bar chart.
TPR never repaints.
There are 4 Parameters:
Period: umber of bars used for calculations
This is an indicator I was developing over the last year. Over some extreme testing and good test results. I am confident to add this to the pool of my indicators.
Yes, this is a protected script. Contains some intensive research.... and every value here is manipulated to fit a general context. Therefore, treat this just like any of my indicator.