Highlights 1 ADR from High and - or Low of the day - Helps to identify areas where your trade may reverse in the day
Based on the Elder's Force Index (EFI) , +/- of the EFI and its ema is used to describe the rise, fall or possible reversal of the market, and finally shown by bar color. The green bar represents a strong bull and the red bar represents a strong bear; The blue bar indicates that the downtrend is exhausted and may rise. Likewise the yellow bar. Of course, it is...
MACD with MACD Derivative, Crossings Above and Below Zero, Shading for ADX Smoothing and Overlayed RSI Primarily a moving average convergence divergence (MACD) momentum indicator. Also includes a MACD Derivative overlay to show when momentum has peaked. Displays triangle symbols when the MACD line crosses the signal line (larger triangle when MACD crosses...
This script analyses candle stick patterns and draws order blocks in real time, it is designed to be very easy to use and works on all markets. With a simple sensitivity configuration to control the range of candles in scope for analysis, the order blocks are automatically drawn and removed in real time if price action closes through an order block.
This indicator is a combination of moving average and ATR indicators. The indicator stays pretty close to price and at the same time shows clear trend of asset/stock. It shows you when price is above the FantailVMA it indicates an uptrend and when price is below it indicates a downtrend otherwise. Hope you find this indicator useful! Happy trading..
This indicator builds upon the previously posted Nadaraya-Watson smoothers. Here we have created an envelope indicator based on Kernel Smoothing with integrated alerts from crosses between the price and envelope extremities. Unlike the Nadaraya-Watson estimator, this indicator follows a contrarian methodology. Please note that by default this indicator can be...
This indicator uses the concept of the "Opening Range" to create a Fibonacci zone from the high and low set during a specific time period after open (Defaults to 9:30 - 10:05 AM, EST) The Opening Range is a popular tool for intraday technical analysis. Price frequently uses these levels as support/resistance, and a breakout from within the range can be a sign of...
plots the fib retracement Golden pocket moving average band on two different pivots
Hello Traders! As a fan of Bulkowski, I figured I'd release this for everyone's benefit as well. The legendary candlestick pattern expert, Thomas Bulkowski, has over 35 years of trading and analysis experience and is the absolute go-to expert when it comes to candlestick pattern identification. Bulkowski Candlestick Percentages from his site and books. Source:...
Both the RSI (Relative Strength Index) and the Linear Regression ( LR ) rank among the most popular momentum indicators used in trading. When used in combination with other technical indicators (ZigZag), both RSI, LR and ZigZag can offer value in validating trade opportunities to optimize your risk management practices. Here’s a look at how to use RSI, LR and...
An indicator that draws support, resistance and trend lines automatically based on the high/low and current direction of the asset.
This script is meant to give you a Relative Strength indication of the stock. The goal is to use a similar calculation as used by IBD. It calculates the performance of the current stock for the last year (most recent quarter is weighted double) and compares it to the performance of a reference index or ticker (default is "SPY"). IBD would give you a value between...
Draws lines for each of up to 500 prices that have never been revisited at the present moment in time, as time progresses these levels may or may not hodl. Adaptation of "Never Look Back Price" originally described by Timothy Peterson in his research paper entitled "Why Bitcoin's Price Is Never Looking Back". For more information see: static1.squarespace.com
Greetings Colleagues I share a simple indicator Follow the progression of: 1. Development of the range of the daily bars 2. Development of the "Normalized" daily volume difference 3. Difference of closing price with closing of the previous bar instead of with the opening price because it is more effective. 4. It also has a background with the crossing of...
This code shows expected reaction target prices after sudden moving based on (EoRfA) Escaping of Rate from Avarage. Red area means the price is on overbought area, green area means the price is on oversold area. If you see red area under price, you can make short option to next to the horizontal beginning price of red area. If you see green area over price, you...
Greetings Colleagues I share here a slightly modified version of the fabulous indicator designed by @eykpunter. Moidifications = Ploting aspect Signals transparency BackGround Trend Signals transparency Signal length The two lines of code have been converted into the functions This indicator compares buyers demand with sellers supply volumes and...
A couple days ago I was searching for a user function that would allow be to take the nth root of any number. After not being able to find a function, I realized that the nth root is just the the inverse of the nth power. Here I've created a user defined function free to use by everybody that goes off of this. I used this function in my "Pythagorean Averages"...
Another script based on zigzag, divergence, and to yield support and resistence levels. This idea started with below two concepts: ▶ Support and resistence are simply levels where price has rejected to go further down or up. Usually, we can derive this based on pivots. But, if we start looking at every pivot, there will be many of them and may be confusing to...