This indicator is designed to display on both the main chart and a separate chart area. If you want to display it on the main chart then flip the 4 display options. Well... you might want to:
Disable it first
Move it
Flip the display options
and then show it so the move doesn't look ugly.
Display options:
On a separate chart it will display red and...
Hello Traders!
This is the script that finds Consolidation Zones in Realtime.
How it works?
- The script finds highest/lowest bars by using "Loopback Period"
- Then it calculates direction
- By using the direction and highest/lowest bar info it calculates consolidation zones in realtime
- If the length of consolidation area is equal/greater than user-defined...
This isn't my own work, hence giving it in Open Source library for others to benefit from it too.
I have tried to refin the output of trendlines in this Strategy
The original Code is available at
The script needs some modifications, so I'll be making further updates in future, but for now I'm publishing this because...
Introduction
I already shared a method to estimate tops and bottoms (1), the number of parameters could lead to optimization issues so i tried to make a simpler method. In this method i use a simple rescaling method based on individual direction deviation. I will explain further details below.
The Indicator
I use as source for the entire calculation an...
Hi, this script is crossover between breakouts of 4H and Day timeframe. It also checks candlestick patterns before opening trades. Red horizontal line acts as support and resistance of Daily timeframe. You can close trades at next signal or at High/Low. Enjoy trading.
Easy visuals on, if volume is way over average. Good for Mean Reverting. Higher Volume tends to higher breakout chances.
Please whisper me for for ideas how to make this better. Its a very simple script, but got some alpha. If you know how to improve, let me know and i will code it into.
NOTE: This is public use - open source version of GLB published by me in Sep 2020. As Trading View is not allow unprotect script already shared, I am sharing it for anyone to use the script and make a copy.
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This is an implementation of Green Line Breakout ( GLB ) which is popularized by Eric Wish through his Wishing Wealth Blog.
GLB indicator looks at a...
Inspired by Bradley Sullivan of broken dice LLC
The strategy buys when price has been below 200 MA for more than 50 days and price closes above the 200 MA.
Mostly good for short-term momentum (5-10 days) on $CL but can also catch larger sustained trend moves.
The model uses a time exit of 10 days, traders should experiment with their own risk and exit parameters.
Shows 2 different states of breakout:
Arrow = unusual volume, raising volume, positiv rate of change, standard deviation breakout
Bolt = very unusual volume, very high standard deviation breakout
