This indicator uses a histogram to represent "fair value gaps" ("FVG"). FVG is a popular pattern among modern traders. This document describes the purpose of the script and discusses the conceptual meaning of "fair value," as well as the connotations attached to it. █🚀 Based on the previous script - improved clarity This indicator is a modified version of the...
This script analyzes the effectiveness of support and resistance (S&R) levels by examining their impact on price action. It measures the compression or reversion of price action around these levels to determine their overall performance. To use the script, simply copy and paste the Moving Average (MA) or desired level script that you want to test. The results...
The Candle Combo Screener allows you to see candlestick combinations for up to 5 different tickers at the same time . If one of the candle combination is detected the corresponding cell will be highlighted to alert you. Candle Combinations Detected Bullish Kicker Bullish & Bearish Oops Reversals Open Equals High / Low Inside Day Select any 5...
price action strategy. green dot comes when high is greater than previous two high and same thing with rsi . red dot comes when low is less than previous two low and same thing with rsi .
Traffic Light Signal (TLS) is simple and most easy setup to trade. How The Traffic Light Signal Works ? First You have to find a Green and red candle pair or red and green candle pair then mark there highest high and lowest low with the help of line tool. if High breaks go for Buy and when low breaks go Sell. Avoid Doji candle Pair to get better result....
The RexDog Key Levels indicator plots the weekly open, daily open, and the previous day vWAP close. These are all critical price levels (zones) to know when trading any market or instrument. These areas are also high probability reaction areas that you can trade using simple confirmation trading patterns. First, I'll cover an overview of the indicator then I'll...
█ OVERVIEW This indicator simply plots multi-part double trends and should be used in conjunction as a visual aid to my Double Trend Counter indicator. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower...
█ OVERVIEW This indicator automatically projects parallel trendlines or channels, from a single point of origin. In the example above I have applied the indicator twice to the 1D SPXUSD. The five upper lines (green) are projected at an angle of -5 from the 1-month swing high anchor point with a projection ratio of -72. And the seven lower lines (blue) are...
█ OVERVIEW This indicator automatically projects trendlines in the shape of a fan, from a single point of origin. In the example above I have applied the indicator twice to the 1D SPXUSD. The seven upper lines (green) are projected at an angle of -5 from the 1-month swing high anchor point. And the five lower lines (blue) are projected at an angle of 10 from...
Credit to © Jesus_Salvatierra for VWAP script This script help you find a trend in momentum stock that is about to breakout and shows resistance point. This script utilizes Bollinger bands VWAP and is good for intra day charts. VWAP, or Volume Weighted Average Price, is a technical analysis tool used to measure the average price a security trades at during...
Shows Pivot Highs & Lows defined or 'Graded' on a fractal basis: Short-term, medium-term and long-term. Also applies 'Spikeyness' condition by default to filter-out weak/rounded pivots ES1! 4hr chart (CME) shown above, with lookback = 15; clearly identifying the major highs & lows on the basis of how they are fractally 'nested' within lesser Pivots. -- in the...
█ OVERVIEW This indicator automatically draws dynamic higher timeframe support and resistance lines from preceding peak to current peak and from preceding trough to current trough. In the example above I have applied the indicator three times; one for the 1D trendlines (red), one for the 4H trendlines (orange) and one for the 2H trendlines (green). █ ...
█ OVERVIEW This indicator automatically draws dynamic support and resistance lines from preceding peak to current peak and from preceding trough to current trough. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a high price equal to or above the price it opened. • A red candle is one that closes with a low price that is...
█ OVERVIEW This indicator simply plots multi-part return line downtrends and should be used in conjunction with my Return Line Uptrends, Downtrends and Uptrends indicators as a visual aid to my Trend Counter indicator. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a high price equal to or above the price it opened. •...
█ OVERVIEW This indicator simply plots multi-part uptrends and should be used in conjunction with my Return Line Uptrends, Downtrends and Return Line Downtrends indicators as a visual aid to my Trend Counter indicator. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a high price equal to or above the price it opened. •...
█ OVERVIEW This indicator simply plots multi-part downtrends and should be used in conjunction with my Return Line Uptrends, Uptrends and Return Line Downtrends indicators as a visual aid to my Trend Counter indicator. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a high price equal to or above the price it opened. •...
█ OVERVIEW This indicator simply plots multi-part return line uptrends and should be used in conjunction with my Downtrends, Uptrends and Return Line Downtrends indicators as a visual aid to my Trend Counter indicator. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a high price equal to or above the price it opened. •...
█ OVERVIEW This indicator counts the number of confirmed trend scenarios on any given candlestick chart and displays the statistics in a table, which can be repositioned and resized at the user's discretion. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a high price equal to or above the price it opened. • A red candle is...