This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998
It was modified, result values wass averages.
Standard Bollinger Bands of which the bands are filled and MA colored depending on the condition.
Uses an algorithm which is a mixture of CCI, Moving Averages and trends.
Bands are colored red or green as a warning only, not as a trading signal.
There is no particular way to read this indicator, it is experimental.
May become more choppy on smaller time frames....
Release Notes:
- Trend trading tool
- When the monthly range line or cloud is blue, the trend is up, vice-versa for orange/red.
- Length auto-adjusts for every timeframe. This indicator does not work on weekly and above timeframes.
- Monthly line color change doesn't work on some things like forex because the price is too low
The origin of this concept is not...
This is the alerts for automated trading for:
Power Penguin is a script that detects a trend and determines entry into the market based on the strength and price action.
Thanks to all my early backers for believing in my work!
This script is optimal for use in any market at this time.
To request a trial for this script, please PM...
Power Penguin is a script that detects a trend and determines entry into the market based on the strength and price action.
Thanks to all my early backers for believing in my work!
This script is optimal for use in any market at this time.
To request a trial for this script, please PM me.
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Power Penguin V1.0.0
- Initial release
This indicator is known as the ‘Zero_n0ncense Balance of Power RSI Extremes’ and it is one of the more effective indicators that I have ever used (in terms of its predictive power).
The creation of this indicator relies on a few different principles.
Principle #1
At a base level, the Balance of Power indicator was used. This indicator is typically utilized in...
Dear Traders,
here I introduce my favorite indicator for find the trend channels with their primary, secondary and tertiary trend channel.
Every channel develops themself without any drawing tools. The best way to trade with this indicator is to trade breakouts from consolidations.
Consolidations (correction waves) you see, if the smaller trend is opposite...
Ehlers Reverse Exponential Moving Average script.
This indicator was originally developed by John F. Ehlers (Stocks & Commodities V. 35:10: The Reverse EMA Indicator).
This is a support and resistance band use to see are where the price might reverse. I set the EMA to 2 as minimum because 1 is not able to show you the zone properly. I've live trading myself and been successful with it. I use ATR2, EMA2, Band0.215 and TF1440. This will repaint but not as bad. Refresh everytime according to your trading timeframe. Have to protect...
A simple trend following system. We use 2 moving average to determine trend. Green for up trend, red for downtrend. Trades are only opened on the trend direction.
In up trend, we will buy only if RSI is in oversold condition.
In down trend, we will sell only if RSI is on overbought condition.
Both of the condition are highlighted.
Keep the trading rule simple...
Twitter DM @TrueCrypto28 for inquiries & questions. Advanced Algorithm Buy/Short Signal indicator designed for 1 minute to 6 hour charts. Gives great signals on higher TF's as well (just fewer)
Price Action Channel for Market direction on any Time Frame. Very simple indicator to identify determined moves Bull or Bear. When price moves above Green line you have a stronger chance for a Bullish move. When price moves below red line you have a strong chance for bearish move. Trade either move until price re-enters channel. When price is in channel expect mostly chop.
Pine script version 3
Author CryptoJoncis
RSIOMA is the abbreviation for Relative Strength index (RSI) of moving averages (MA). This custom built indicator is based on calculating the relative strength of two moving averages and the smoothes out the RSI using a moving average. Combined, the RSIOMA oscillator depicts trend changes in prices relative to the time...
