Very simple and effective S/R band. Created bycombining the weekly 21EMA and weekly 20SMA, it provides strong support/resistance depending on market direction, and works as a basing area for retraces during parabolic (and normal) bull markets.
I was reading Jesse Stine's Insider Buy Superstocks book, and one of the technical traits he mentioned of a superstock (read the book, seriously, very strongly recommended) was a breakout above the 30 weekly moving average. He goes on to mention that after breakout, the 10 WMA often acts as a support line where you can add to your position. This script is inspired...
Nearly identical to the price version , this configurable indicator retains the max and min value of a chart for the time duration you specify. The difference with this one is that it can be applied to any other indicator, not just price.
Applied to volume:
Calendar to work on instruments that trade a 24 hour day like crypto and forex, also does not display if you are above an intraday time. Main tweak was to end the trading day at 0000 (midnight) instead of 1700 (5pm) NYC time.
This update is geared towards Forex traders, which is why I chose to highlight Wednesday in yellow since that is commonly thought of as a...
This scrip exposes 4 Exponential Moving Average (EMA) indicators which their visibility can be set to a daily or weekly time-frame (aka intervals). Based on your current chart time-frame, the matching EMA indicators come on and off.
This helps to have meaningful EMAs relevant to your time internal.
In a traditional 10 EMA indicates a plotted indicator would bear...
for horizontal level traders that don't want to disregard the 200 week SMA.
Plots a horizontal line for the latest 200 week SMA value in lieu of a wavy line.
Open the indicator's settings and check the "Price Line" box for max visibility
Someone requested a high/low price indicator that would reset the "remembered" prices daily. I started out doing just that, and then decided to make it much more configurable.
Choose the units (minutes, hours, days, weeks, months) and the number of those units, and this will reset the highest/lowest value remembered to the current values on your chosen time...
small change to my horizontal 200 week SMA script.
Plots the latest 200 week SMA value from Bitstamp BTCUSD on the chart. I use it for the Bitmex chart, as Bitmex doesn't have enough history for a 200 week moving average.
Based on Thomas Bulkowski's top ranking small pattern: the Downside Weekly Reversal pattern.
Add this indicator to your weekly charts.
Blue bars represent weekly reversals and green bars following blue bars indicate an upside breakout. These are to be traded in a Bull market.
Red bars following blue bars indicate a downside breakout. These are to be traded in a...