With this indicator i tried to create a more clear view of the daily chart.
This indicator only works on the daily chart.
This is how the plotted line is created:
When the 'day close' is greater then the 'day hl2' it plots 1 up 'color = green'
When the 'day close' is lesser then the 'day hl2' it plots 1 down 'color = red'
When the 'day hl2' is greater then...
Here I'm proposing possibly the simplest and most relevant pivot style for intraday traders like me.
It utilizes fundamentals of the average range and devises S/R around that. Pivot point in this is today's open (colored lime), which is far more relevant than yesterday's/past data based pivots.
This is an attempt to reduce the influence of historical data as...
The traffic light indicator is designed to be as simple as possible to avoid the steep learning curve that comes with many other indicators.
- A Green Circle indicated the price is likely to go up.
- A Red Circle indicates to price is likely to go down.
- A Yellow Circle means there's some indecision and you should consider tightening stops or taking profits if...
This strategy aims to provide the optimal times to buy/sell assets on a long term basis. From my testing it works best on a weekly or monthly time frame. The default values are currently set to work best on Global Indices such as the S&P 500. It is very simple in its core, it uses price historical price action to estimate where in a market cycle the asset is. Then...
This script contains 15 highly customizable moving averages, the following options are currently available:
1. Activate Moving Average: Activate or deactivate moving average.
2. Use Resolution: Activate or deactivate resolution configuration.
3. Resolution: The resolution of the moving average (default: 4H).
3. Length: The length of periods of the moving average...
After the success of v1, we have evolved somewhat to include various additional features in line with automation, such as features offered on the 3commas platform. If you haven't yet got an account and would like to start automating your trading strategy, you can do so by signing up here: 3commas.io - This script can of...
Another script that might be useful for your trading setup.
It use RSI and two SMA's.
+++ use this tool on your own risk. i'm not responsible for your loses +++
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Arkad's Vision is a visual tool used to accurately identify what trend the coin / stock is in. Using Moving average and RSI, it can accurately identify Bullish trends, Bearish Trends, and consolidation.
Bullish Trend = Buy the lows
Bearish Trend = Sell the Highs
Consolidation = Stay out / Be Patient.
The paid version of this script, Arkad's Foresight...
There are a lot of possible ways to look at markets and find valid patterns.
This time, I've looked at how shorter time frames deviate from the overall price consensus.
What you're seeing here is a range-bound difference of the lowest time frame from the overall price consensus (baseline), represented as blue line.
When lower time frames agree...