This is a usual ADX Indicator but the colors change when the next bar falls or grows from the previous bar. I think that the use of ADX can be maximized by seeing whether the movement is lower or higher than the previous like MACD Histogram. The ADX indicator is very powerful for driving long-term trends and is effectively used for 4-hour or 1-hour Time...
Level: 1 Background MACD is a measure of changes in the dynamics between short-term and longer-term price averages. The sign (positive or negative) and the size or MACD line represent the interaction between the two underlying EMAs. Function L1 MACD Overlay Indicator is a MACD indicator for main chart. The lime and red color EMAs are the DIFF and DEA signal. I...
Super SSL Indicator. SSL + SuperTrend signal filtering. Signals are delivered by SSL, signals are then filtered out by SuperTrend, in the nnfx way of trading (C1 = SSL, C2 = ST). SSL deliver signals. Supertrend filter them. Included 1CR rule option : in the nnfx way, we allow C2 to agree 1 candle later. Some configuration settings of this tool pass the VP's 5...
Level: 2 Background One of the biggest differences between cryptocurrency and traditional financial markets is that cryptocurrency is based on blockchain technology. Individual investors can discover the direction of the flow of large funds through on-chain transfers. These large funds are often referred to as Whale. Whale can have a significant impact on the...
This is a script to make calculating position size easier. It calculates position size as a percentage of account balance and Risk/Reward based on input values of entry, exit, stoploss and shows the R/R box similar to tradingview's R/R tool. There is an option to toggle showing label and choosing of label text color. Have to enter the following inputs in order...
Using RSI and 4 exponential moving averages, I created this indicator so that you can spot inconsistencies between price action and RSI. There's a lot of misunderstanding surrounding RSI, most people think if something's 'oversold' buying is a guarantee win. This definitely isn't the case as there's many more variable to consider. In addition, with this indicator,...
Basic EMA scalping strategy . HFX Short time frames, using candlestick patterns to find Exponential Moving Highs and Low to Indicate Active Trends
- You can analyse the trend strength on daily time frame by looking of weekly and monthly is greater than 60. - Divergence code is taken from tradingview's Divergence Indicator code. #Strategy 1 : BUY ON DIPS - This will help in identifying bullish zone of the price when RSI on DAILY, WEEKLY and Monthly is >60 -Take a trade when monthly and weekly rsi is >60 but...
3 indicators in 1. Included Indicators are: - EMA 8,13,21,55,100,200,450 - Ichimoku - Bollinger Band These can be used to determine changes in trends when: - EMA's collide, trajectories shift, or certain levels are reached. - Ichimoku cloud is above or below the candles. - Bollinger Band's width changes, or range is broken. Reasons for 3 in 1 assembly: This...
Level: 1 Background The Relative Strength Index (RSI) developed by J. Welles Wilder is a pulse oscillator that measures the speed and change in price movements. The RSI hovers between zero and 100. Traditionally, the RSI is considered overbought when it is above 70 and oversold when it is below 30. Signals can be generated by looking for divergences and error...
Just a simple script which plots on any timeframe the kijunsen of a single specific timeframe, selectable by the user. Useful for strategies which need to work on various timeframes, but need the kijun of that specific timeframe to be always visible for the analysis.
Level: 1 Background One of the biggest differences between cryptocurrency and traditional financial markets is that cryptocurrency is based on blockchain technology. Individual investors can discover the direction of the flow of large funds through on-chain transfers. These large funds are often referred to as Whale. Whale can have a significant impact on the...
Level: 1 Background Oscillators are widely used set of technical analysis indicators. They are popular primarily for their ability to alert of a possible trend change before that change manifests itself in price and volume . They should work best in times of sideways markets. Function L1 Short-Mid-Long-Term Swing Oscillator puts three terms of oscillators to...
Level: 1 Background The KDJ oscillator display consists of 3 lines (K, D and J - hence the name of the display) and 2 levels. K and D are the same lines you see when using the stochastic oscillator. The J line in turn represents the deviation of the D value from the K value. The convergence of these lines indicates new trading opportunities. Just like the...
This Indicator is a pack of set of Indicators. I am a Bill Williams Chaos and DiNapoli system trader. It includes following indicators, 1. Wiseman 1 - Divergent Bar indicated by Circle. Angulation to be manually observed 2. Wiseman 2 - The Super AO signal, indicated by a square 3. Wiseman 3 - Bill William's Fractal indicated as Triangle 4. DiNapoli DMA1 - 3 Bar...
To create the script I used the LonesomeTheBlue code. Thank him for his code. The indicator shows trend lines. Up to three support lines (red) and up to three resistance lines (lime). There can be up to 6 lines at a time. However, most often there will be from 0 to 1 line. Trend lines may be extended to the right. For this purpose there is a checkbox in the...
Description: ATR Pivot Point Index (ATR_PPI) is based on the theory of mean reversion. I was inspired to create this indicator after watching a particular YouTube video on the UKspreadbetting channel. In this video, the trader being interviewed mentioned that he would exit when price is too far from the moving average. In other words, he exits when he thinks...