RSI DivergenceRSI DIVERGENCE is a difference between a fast and a slow RSI. Default values are 5 for the fast one and 14 for the slow one.
You can use this indicator in 2 different ways:
normal RSI : check double or triple top/bottom on a chart meanwhile RSI is descending/ascending (check the example on chart)
signal line : when RSI Divergence cross zero line from bottom to top you get a buy signal (the line become green), vice versa when the RSI Divergence cross zero line in the opposite way you get a sell signal (the line become red)
在腳本中搜尋"top"
Price Action Candles v0.3 by JustUncleLThis requested release includes an Alert condition, so an alarm can be created on selected Price Action bars. Also this version modifies the Doji calculation to be similar to an Harami, so now the description of the Doji's are:
- Bearish Doji (aka Bearish Harami) (Fuchsia Highlight above Bar):
A large body Bull (green) candle followed by a small or no body candle
with wicks top and bottom that are at least 60% of candle.
- Bullish Doji (aka Bullish Harami) (Fuchsia Highlight below Bar):
A large body Bear (red) candle followed by a small or no body candle
with wicks top and bottom that are at least 60% of candle.
The % wick size (default 60%) of the Doji and the size of previous candle (default 15 pips) can be modified in the script Format parameters.
This modified Doji is particularly useful when combined with Heikin Ashi candles.
When Alerts are selected, an alert dot is also displayed along the bottom of the chart.
Traders Dynamic Index Indicator Alert v0.1 by JustUncleLThis is a trend trading indicator+alert utilising the Traders Dynamic Index (TDI), Price Action Channel (PAC) and Heikin Ashi candles.
About 6months ago I came across the use of TDI in "E.A.S.Y. Method" that I found in forexfactory forums: www.forexfactory.com
and I was able to set up a chart based on the specifications by using Kurbelklaus scripts. However, I found that the alerts were being generated one or two bars too late, so at that time I was not successful using it with Binary Options. A few months later I found a variation of the method in the forecfactory forums which is able to generate the alerts a bit earlier, so this indicator is a modification of that early detection version.
The indicator can optionally use Heikin Ashi candles only for all it's calculation. I would recommend viewing the chart with Heikin Ashi candles, these smooth out the trends and makes trends very clear.
I found that this method it works good with most currency pairs or commodities and with 5min+ timeframe charts. I would suggest expiry of 2 to 6 candles.
ALERT GENERATION:
=================
The TDI (Traders Dynamic Index)
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Volatility Band VB(34), color: Blue, buffer: UpZone, DnZone
Relative Strength Index RSI(13)
RSI PRICE LINE (2), color: Green, buffer: mab
RSI TRADE SIGNAL LINE (7), color: Red, buffer: mbb
MARKET BASE LINE MID VB(34), color: Orange, buffer: mid
Indicator SignalLevels:
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RSI_OversoldLevel : 22 (normally: 32)
RSI_OverboughtLevel : 78 (normally: 68)
Alert Conditions:
-----------------------
Strong Buy : yellow
Medium Buy : aqua
Weak Buy : blue
Strong Sell : fuchsia
Medium Sell : purple
Weak Sell : black
Hints on How to use:
----------------------------
- When a Medium or Strong alert is generated and MACD histogram colour matches the direction
of the alert (optional auto filter), then place trade in direction of alert candle and MACD.
- I use the multi-Hull MA's for overall trend direction confirmation.
- Best positions normally occur near the MACD(5,15,1) Histogram crossing the zero line.
- The optional coloured Dots along the bottom of the indicator represent the first alert
of this type that was generated in this sequence.
- It is advisable to trade in the direction of the main trend as indicated the HULL MA red cloud:
if red cloud underneath PAC then BULLISH trend, if red cloud above PAC then BEARISH trend.
- Selecting the HeiKin Ashi candles does affect the MACD and MA caculations, so if you select
normal candles the result chart will change. You can still Optionally select to use Heikin Ashi
for calculations.
- When using the Heikin Ashi candles, a good buy entry is indicated by long top wick and no bottom wick
for bull (green) candles and good sell entry is indicated by long bottom wick and no top wick for
bear (red) candles.
- When the MACD histogram is flat and close to zero line,
this indicates a ranging market, do NOT trade when this occurs.
- When the PAC channel on the main chart is spread apart widely, this is an indication
of extreme volatility and choppy chart, do NOT try to trade during these periods.
A choppy chart is also indicated by Heikin Ashi candles with long wicks on both sides
of the candles.
- You can specify what strength level Alerts are generated (default 2):
Level (1) means only generate Strong Alerts only.
Level (2) means generate Strong and Medium Alerts.
Level (3) means generate Strong, Medium and Weak Alerts.
Willams% Fisher transformed confermated by BB%Using the Willams% sharped by Fisher tranformer , it s easy to find the bottom and top, and the BB% conferm the minimum. I plot as colored columns : yellow when the price touch the BB , and red or green when price move out from the bands, if the line of Willams also reach the top or bottom, that's the moment to act. In all indicator can change the setting as you like
TSI Spread - false move indicatorYellow on top during an upward slope = false move
Confirmation @ Vertex to push slope from up to down, with yellow on top
Credit to the worst fund manager east of the Mississippi ;)
YOYO index I found this indicator while reading one of my favorite books on volume and didn't see it in the public library, so I thought I would code it up. Pretty simple actually, but I really enjoyed using it.
"Created by Richard Arms Jr. and explained in an article he penned for Barrons's in 1998, it combines the daily spread of a stock or index and divides the daily volume by that number to see how many shares it needs to trade in order to move the issue through one point of its daily spread. This is usually considered a broad market indicator, but is useful for individual issues as well. On a historical basis more volume is required in order to generate a wider price swing at tops, while the opposite is true at bottoms. This is explained by the emotions of greed and fear. At tops there is complacency which requires ever greater volume to get prices to swing in wider ranges, while at bottoms fear can cause greater swings on relatively lower volume."
--The Traders Book of Volume, by Mark Leibovit
This indicator is useful at identifying divergences and trend confirmation. It is also effective in shorter time-frames as well as much longer time frames. The original formula does not use any smoothing, but I have included it as I feel it dulls some of the shorter term sharp turns inherent in this indicator. There is also no adjustment to the length of Richard Arms' original, so I include it in case you feel you need to 'play' with the settings.
Remember, you are responsible for everything you do with any indicator and those results are entirely yours to claim, so by default I am not responsible for any losses nor am I entitled to any gains from the use of this indicator.
Enjoy and as always good trading,
Shiroki
YOYO indexI looked for this indicator in the public library and didn't find it so I thought I would offer it to anyone who felt like they would like to try it out. Frankly, the name caught my attention in one of my favorite books on volume "The Traders Book of Volume" by Mark Leibovit
"Created by Richard Arms Jr. and explained in an article he penned for Barrons's in 1998, it combines the daily spread of a stock or index and divides the daily volume by that number to see how many shares it needs to trade in order to move the issue through one point of its daily spread. This is usually considered a broad market indicator, but is useful for individual issues as well. On a historical basis more volume is required in order to generate a wider price swing at tops, while the opposite is true at bottoms. This is explained by the emotions of greed and fear. At tops there is complacency which requires ever greater volume to get prices to swing in wider ranges, while at bottoms fear can cause greater swings on relatively lower volume."
--The Traders Book of Volume, by Mark Leibovit
This indicator is useful at identifying divergences and trend confirmation. It is also effective in shorter time-frames as well as much longer time frames. The original formula does not use any smoothing, but I have included it as I feel it dulls some of the shorter term sharp turns inherent in this indicator. There is also no adjustment to the length of Richard Arms' original, so I include it in case you feel you need to 'play' with the settings. I hope you all find it useful. Good trading all,
Shiroki
Moving averages and bandsI coded this simple indicator based on multiple ideas shared by Tim West at his "Key Hidden Levels" chatroom.
We have a moving average ribbon comprised of the average of the highs and lows in 10 periods. The colored space in between acts more or less like fair value and is often where price is when consolidating.
Green and red triangles at the top and bottom of the screen.
The ones at the bottom, correspond to signals obtained from a 4 period moving average of the close's slope. It helps get excellent exits for trending moves by changing color with the moving average slope.
The ones at the top, are green while Bollinger Band Width increases, and red while it decreases, relative to the previous bar.
Background color highlights when the close moves over the moving average of the highs or under the moving average of the lows, indicating a change of trend is possible, or at least a pause/consolidation.
The idea is to have multiple reasons to stay in a trade, which is normally very hard to do, specially when winning.
Cheers,
Ivan Labrie
Time at Mode FX
[RS]Support and Resistance V0Support and Resistance using donchian channels to validate tops/bottoms
(note: while donchians follow price closely within look back window, this will only update new top/bottom when making new extremes in the donchian channel)
combo with other systems:
Fractals average breakout [FB]My first indicator.
A simple average of last 1 to 10 fractals (top and bottom)
Trade breakouts of top or bottom lines.
Feel free to use and experiment with.
Frank Baumann
CM_Gann_Swing_HighLowCustom Indicator - Gann Swing High Low
Uses New Plot Types
Inputs Tab Options:
Use Up/Down Arrows - Or Circles!
Turn Up/Down Arrows at Top and Bottom of Screen On/Off
New Top/Bottom of Screen Plot Types
New Up/Down Arrow Plot Types
Full Credit Goes to Glaz for Creating Code.
Created By Request for @dvk1970
Daily 10-ATR & %ATR (Top Right)Better version to be able to see ATR and the percentage it has moved at a glance, no charting just the numbers
ATR Label (Top Right)Final version easier to run daily ATR first, then move to lower time frames, only purpose is to see the ATR quick
Candles by Day, Time, Month + StatsThis Pine Script allows you to filter and display candles based on:
📅 Specific days of the week
🕒 Custom intraday time ranges (e.g., 9:15 to 10:30)
📆 Selected months
📊 Shows stats for each filtered block:
🔼 Range (High – Low)
📏 Average candle body size
⚙️ Key Features:
✅ Filter by day, time, and month
🎛 Toggle to show/hide the stats label
🟩 Candles are drawn only for selected conditions
📍 Stats label is positioned above session high (adjustable)
⚠️ Important Setup Instructions:
✅ 1. Use it on a blank chart
To avoid overlaying with default candles:
Open the chart of your preferred symbol
Click on the chart type (top toolbar: "Candles", "Bars", etc.)
Select "Blank" from the dropdown (this will hide all native candles)
Apply this indicator
This ensures only the filtered candles from the script are visible.
Adjust for your local timezone
This script uses a hardcoded timezone: "Asia/Kolkata"
If you are in a different timezone, change it to your own (e.g. "America/New_York", "Europe/London", etc.) in all instances of:
time(timeframe.period, "Asia/Kolkata")
timestamp("Asia/Kolkata", ...)
Use Cases:
Opening range behavior on specific weekdays/months
Detecting market anomalies during exact windows
Building visual logs of preferred trade hours
Normalized 180-Day RP Change (Z-Score)180 day RP change with less alpha decay, good for picking tops on 1d tf
