This is a momentum, trend, as well as a divergence indicator. It is similar to CCI, though it is based on a slow and fast EMA in connection to ATR, which allows to interprete it easily. Both EMAs and ATR have customisable period. Further explanation and basic usage can be found in the comment section inside the script.
Using some custom settings with a few indicators and a custom movement algorithm I have backtested this script and used it with great results. Excellent for getting in and out for quick scalping trades. The results are typically 1% + and sometimes even a great deal more. The indicator gives you buy and sell points and works great with 15 min candles though you can...
As the name suggests, this is desgined to work best in trending markets. A great tool designed for experienced discretionary traders who are well familiar with reading the markets and putting things into context. This tool is something similar inspired by Turtle traders. Upper and lower lines are certain bars look back period, user can modify numbers according...
This is a tool generally I use for trend health and would recommend users to use it on daily time frame. I have different sorts of tools that I used manually but now I am trying to code my manual strategies. This is one of the tools that I have used over 7 years or so and still very effective for swing trading. Detailed trading strategy based on this tool is...
As the name suggests, this is desgined to work best in trending markets. A great tool designed for experienced discretionary traders who are well familiar with reading the markets and putting things into context. This tool is something similar inspired by Turtle traders. Upper and lower lines are certain bars look back period, user can modify numbers according...
Simple indicator with 3 SMA's and 2 EMA's. Very useful if you like using several indicators but don't have a subscription! Red, Yellow, Red -> SMA's Purple, Blue -> EMA's Feel free to customize the colors/widths!
My most complex script as a gift to you @TradingView. Simple price action analysis. Look at the chart and the indicator will do everything else for you. This indicator is based in a combination of several indicators, including ADX, EMA, and concepts by the book "Bar by Bar" by Al Brooks. You can use it any way you like. Its been tested in 5 minute stock charts,...
Hi, I would like you to try my script which will indicate a potential reversal in the market. I'm still new in coding and the code are still in progress but I would be glad if you try them out, for further progression. SNIPER V2 is more like finding tops, supports and reversal.
The most advanced code made by me yet! Simple but extremely useful, based on "Reading Price Charts Bar by Bar" - Al Brooks. This indicator will highlight when the market is trending (green). Highlight reversal bars(red) and also bull/bear traps (yellow). I was not sure if to give away this indicator for free, but here it is. Hopefully you guys enjoy...
This indicator provides some base code for looping over data to identify swings in price action. Full code commentary can be found on the backtest rookies website. The indicator shall allow users to "analyse" a recent historical candle to detect whether it was a swing point. This will work by inputting a number to select which historical candle you want to...
Trend Intensity Index indicator script. This indicator was originally developed by M. H. Pee (06/2002 issue of Stocks and Commodities Magazine)
Trendscore indicator script. Originally developed by Tushar Chande.
This is based of a modified stochastic numbers. The settings come from Barry Burn's foundation and advanced courses. There are two stochastic indicators one on top of another. at the same time, you can turn off the lines and show the moving averages of percent D and percent K, this is something I added personally to farther investigate if they can be helpful or...
Slight modification of Ehlers Early Onset Trend
- Plot a series of Smart Money Trend Lines to indicate Different Periods of Support & Resistance:] Red : Very Short Term Trend Lime : Short Term Trend (Swing Life Line) Blue : Mid Term Trend Black : Long Term Trend (Bull Bear Life Line) - Plot a series of Smart Money Signal to indicate Buying/Holding/Selling Alerts: Bottom Arrow Up : Temporary...
◊ Introduction Introducing VRMI in this script, an RMI based on price movement and volume, to indicate bullish and bearish trends. This script marks the background depending on RMI <> VRMI , VRMI polarity and large buy/sell sprees. ◊ Origin Based on 'The Relative Momentum Index' by Roger Altman : February, 1993 issue of Technical Analysis of Stocks &...