Modification to Elder's Force Index (EFI)
Ability to change calculation from standard EMA to your choice of SMA, EMA, WMA, or HMA. Very interesting results!
Adjust lookback from standard/suggested 13 candlesticks
Added a color indication to positive or negative force reading
Added background color tint for an easier read on dashboard setups
Thought it would be interesting to look into psychological barriers (round numbers) denominated in foreign currencies and see where those barriers show up on a USD chart.
I did a couple of quick and superficial Internet searches to get an idea of which USD pairs are being used the most to trade Bitcoin. My conclusion is that the most relevant currencies are the...
Lite version of the original Trendy Bar Trend Color
This will only color the candlestick body of your chart
Can be used with solid, hollow, renko, or any other chart type
Custom coloring for Highs, Lows, and consolidation is removed
My premium indicators are available for monthly lease at www.tradingview.com
I previously published a simple OBV that allowed you to manually apply a different security to the one you are charting as the volume plot. However, this script will automatically apply the correct volume data to whatever forex pair you are viewing without...
This is my latest bandpass filter - used to determine if a security is in a trend or cycle.
Now with an adaptive period setting! I use Ehlers in-phase & quadrature dominant cycle measurement (IQ IFM) method to set the period dynamically.
This method favors longer periods which tend to produce smoother, albeit laggier bandpass oscillator plots. From my quick tests,...
This script is a simple Forex terminal.
It serves the same purpose as Heatmaps.
You can also set the period to look back manually in the menu.
Major indicators are taken into account.
In this way, an idea can be obtained about all major and minor currencies.
Pretty simple here - this is the base EMAs I suggest most traders use in the FOREX market for swings and scalp trading. Works well on 5m, 15m, 1H, 4H, and daily trading if you design an edge to interpret the relationship these averages of price are telling you.
The 9EMA is not as valuable on the 1HR timeframe.