3 supports, 3 resistances and an equilibrium price per day displayed at 9am (GMT+2), calculated on the dynamic study of the market at its opening over a certain period that we could qualify as "first opening interventions" Method: We are interested in the first reaction of the market when it discovers one of the levels. The red and green zones (from levels R2 to...
Dynamic divergence indicator on 3 indicators, without delays or repaints Technological choices have been made so as not to lie to you about the signals, and so that the backtesting is perfectly faithful to reality. The market is analyzed and looks for a dynamic status of divergence on the Fisher transformation, the Money Flow Index and the MACD: if the status is...
In my opinion the %K is the only part of the stochastic that you actually need. It's the fast RSI, so it responds much better to large price movements and reveals divergence a lot sooner than %D. The %D has no real confluence with the rest of my strategy so, I only use %K.
The following script detects regular and inverted horn patterns. Detected patterns are displayed alongside their respective confirmation and take profit levels derived from the pattern measure rule. Breakout of the confirmation levels are highlighted with labels. This script is a continuation of the educational idea regarding horns patterns. Settings ...
What is the script used for? Infiten's Price Percentage Oscillator (PPOC Indicator) can be used as a contrarian indicator for volatile stocks and futures to indicate reversals, areas of support and resistance. For longer term trading, if the Short SMA or prices go above the High PPO Threshold line, it is a sign that the asset is overbought, whereas prices or the...
Faust is a composite indicator that combines 3 volume indicators: TSV, OBV, and PVT. TSV moving average is plotted as an oscillator. OBV and PVT are calculated internally. Four divergences are calculated for each indicator (regular bearish, regular bullish, hidden bearish, and hidden bullish) with three look-back periods (high, mid, and small). For TSV, the...
We bring you dynamically created fundamental support and resistance analysis required for any instrument a trader trades. Support & Resistance Concept The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis . As part of analyzing chart patterns, these terms are used by traders to...
REVEREND (RSI based Trend Reversal Indicator) Info: This is an RSI based convergence divergence (like MACD) indicator using SMAs or DEMAs for smoothing. You can optionally filter the signals with the stochastic momentum indicator (SMI) levels or via simple overbought/oversold RSI levels. Signals: Purple is the Slow MA, Green is the Fast MA, Blue is the SMI...
This indicator, based on the ATR, allows you to identify the potential reversal on price and helps you identify the Support and Resistance. When the price moves far away from the multiple moving average, the background color changes : - Red for Short potential entry - Green for Long potential entry There are 2 ways to use this script : - Conservative : Use it...
Our proprietary algorithm supports two types of Signals to choose from (and uses Matrices to keep track of the various waves): 'Fibonacci Extensions' where it spots extended waves (XABC) to predict AB=CD moves and puts the Take Profit levels accordingly to commonly used Fibonacci ratios; OR 'P&V' which stands for Peaks & Valleys (M and W) capturing full Peaks and...
This indicator shows TheStrat 2-2 and 2-1-2 reversal setups. 2-2 Setups: Identifies specific 2-2 reversal setups. Long 2-2 reversals are shown when there is a 2d-2d-2d green candle sequence. Short 2-2 reversals are shown when there is a 2u-2u-2u red candle sequence. Setups are marked with "2-2" and a green up triangle for long setups or a red down triangle...
Hello Traders, This indicator use the same concept as my previous indicator "CCI MTF Ob+Os". It is a simple "Relative Strength Index" ( RSI ) indicator with multi-timeframe (MTF) overbought and oversold level. It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily. There are options to...
Hello Traders, This is a simple Commodity Channel Index (CCI) indicator with multi-timeframe (MTF) overbought and oversold level. It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily. There are options to select 1-5 timeframes to detect overbought and oversold. Green Background is...
This indicator highlights points where price significantly deviates from a central level. This deviation distance is determined by a user-set value or using a multiple of a period 200 Atr and is multiplied by successive values of the Fibonacci sequence. Settings Method: Distance method, options include "Manual" or "Atr" Size: Distance in points if the...
K's reversal indicator I is a special combination between Bollinger bands and the MACD oscillator. It is a contrarian indicator that depends on the following conditions: • A buy signal is generated whenever the current market price is below the 100-period lower Bollinger band while simultaneously, the MACD value must be above its signal line. At the same time,...
Introduction Esqvair's Neural Reversal Probability Indicator is the indicator that shows probability of reversal. Warning: This script should only be used on 1 minute chart. How to use When a signal appears (by default it is a green bar), a reversal should be expected. The signal appears when the indicator value >= Threshold. If you want more signals, you must...
Multiple Wicks forming at OverSold & OverBought levels create Buying and Selling Pressure. This Script tries to capture the essence of the buy and sell pressure created by those wicks. Wick pressure shows that the trend is Exhausted. How it works: This Wick Pressure Indicator checks for three candles forming the wicks in overbought and oversold zones. The...
Bollinger Bands are mostly used for trend reversal. I believe they should be used for Trend Continuation and Trend Confirmation. In this Trending Bollinger Bands script you will see two bands drawn on chart. The Upper band is suggestive of Uptrend and Lower Band is suggestive of Downtrend Market. It just provides the guidance of where the market is now and...