Enhanced KLSE Banker Flow Oscillator# Enhanced KLSE Banker Flow Oscillator
## Description
The Enhanced KLSE Banker Flow Oscillator is a sophisticated technical analysis tool designed specifically for the Malaysian stock market (KLSE). This indicator analyzes price and volume relationships to identify potential smart money movements, providing early signals for market reversals and continuation patterns.
The oscillator measures the buying and selling pressure in the market with a focus on detecting institutional activity. By combining money flow calculations with volume filters and price action analysis, it helps traders identify high-probability trading opportunities with reduced noise.
## Key Features
- Dual-Timeframe Analysis: Combines long-term money flow trends with short-term momentum shifts for more accurate signals
- Adaptive Volume Filtering: Automatically adjusts volume thresholds based on recent market conditions
- Advanced Divergence Detection: Identifies potential trend reversals through price-flow divergences
- Early Signal Detection: Provides anticipatory signals before major price movements occur
- Multiple Signal Types: Offers both early alerts and strong confirmation signals with clear visual markers
- Volatility Adjustment: Adapts sensitivity based on current market volatility for more reliable signals
- Comprehensive Visual Feedback: Color-coded oscillator, signal markers, and optional text labels
- Customizable Display Options: Toggle momentum histogram, early signals, and zone fills
- Organized Settings Interface: Logically grouped parameters for easier configuration
## Indicator Components
1. Main Oscillator Line: The primary banker flow line that fluctuates above and below zero
2. Early Signal Line: Secondary indicator showing potential emerging signals
3. Momentum Histogram: Visual representation of flow momentum changes
4. Zone Fills: Color-coded background highlighting positive and negative zones
5. Signal Markers: Visual indicators for entry and exit points
6. Reference Lines: Key levels for strong and early signals
7. Signal Labels: Optional text annotations for significant signals
## Signal Types
1. Strong Buy Signal (Green Arrow): Major bullish signal with high probability of success
2. Strong Sell Signal (Red Arrow): Major bearish signal with high probability of success
3. Early Buy Signal (Blue Circle): First indication of potential bullish trend
4. Early Sell Signal (Red Circle): First indication of potential bearish trend
5. Bullish Divergence (Yellow Triangle Up): Price making lower lows while flow makes higher lows
6. Bearish Divergence (Yellow Triangle Down): Price making higher highs while flow makes lower highs
## Parameters Explained
### Core Settings
- MFI Base Length (14): Primary calculation period for money flow index
- Short-term Flow Length (5): Calculation period for early signals
- KLSE Sensitivity (1.8): Multiplier for flow calculations, higher = more sensitive
- Smoothing Length (5): Smoothing period for the main oscillator line
### Volume Filter Settings
- Volume Filter % (65): Minimum volume threshold as percentage of average
- Use Adaptive Volume Filter (true): Dynamically adjusts volume thresholds
### Signal Levels
- Strong Signal Level (15): Threshold for strong buy/sell signals
- Early Signal Level (10): Threshold for early buy/sell signals
- Early Signal Threshold (0.75): Sensitivity factor for early signals
### Advanced Settings
- Divergence Lookback (34): Period for checking price-flow divergences
- Show Signal Labels (true): Toggle text labels for signals
### Visual Settings
- Show Momentum Histogram (true): Toggle the momentum histogram display
- Show Early Signal (true): Toggle the early signal line display
- Show Zone Fills (true): Toggle background color fills
## How to Use This Indicator
### Installation
1. Add the indicator to your TradingView chart
2. Default settings are optimized for KLSE stocks
3. Customize parameters if needed for specific stocks
### Basic Interpretation
- Oscillator Above Zero: Bullish bias, buying pressure dominates
- Oscillator Below Zero: Bearish bias, selling pressure dominates
- Crossing Zero Line: Potential shift in market sentiment
- Extreme Readings: Possible overbought/oversold conditions
### Advanced Interpretation
- Divergences: Early warning of trend exhaustion
- Signal Confluences: Multiple signal types appearing together increase reliability
- Volume Confirmation: Signals with higher volume are more significant
- Momentum Alignment: Histogram should confirm direction of main oscillator
### Trading Strategies
#### Trend Following Strategy
1. Identify market trend direction
2. Wait for pullbacks shown by oscillator moving against trend
3. Enter when oscillator reverses back in trend direction with a Strong signal
4. Place stop loss below/above recent swing low/high
5. Take profit at previous resistance/support levels
#### Counter-Trend Strategy
1. Look for oscillator reaching extreme levels
2. Identify divergence between price and oscillator
3. Wait for oscillator to cross Early signal threshold
4. Enter position against prevailing trend
5. Use tight stop loss (1 ATR from entry)
6. Take profit at first resistance/support level
#### Breakout Confirmation Strategy
1. Identify stock consolidating in a range
2. Wait for price to break out of range
3. Confirm breakout with oscillator crossing zero line in breakout direction
4. Enter position in breakout direction
5. Place stop loss below/above the breakout level
6. Trail stop as price advances
### Signal Hierarchy and Reliability
From highest to lowest reliability:
1. Strong Buy/Sell signals with divergence and high volume
2. Strong Buy/Sell signals with high volume
3. Divergence signals followed by Early signals
4. Strong Buy/Sell signals with normal volume
5. Early Buy/Sell signals with high volume
6. Early Buy/Sell signals with normal volume
## Complete Trading Plan Example
### KLSE Market Trading System
#### Pre-Trading Preparation
1. Review overall market sentiment (bullish, bearish, or neutral)
2. Scan for stocks showing significant banker flow signals
3. Note key support/resistance levels for watchlist stocks
4. Prioritize trade candidates based on signal strength and volume
#### Entry Rules for Long Positions
1. Banker Flow Oscillator above zero line (positive flow environment)
2. One or more of the following signals present:
- Strong Buy signal (green arrow)
- Bullish Divergence signal (yellow triangle up)
- Early Buy signal (blue circle) with confirming price action
3. Entry confirmation requirements:
- Volume above 65% of 20-day average
- Price above short-term moving average (e.g., 20 EMA)
- No immediate resistance within 3% of entry price
4. Entry on the next candle open after signal confirmation
#### Entry Rules for Short Positions
1. Banker Flow Oscillator below zero line (negative flow environment)
2. One or more of the following signals present:
- Strong Sell signal (red arrow)
- Bearish Divergence signal (yellow triangle down)
- Early Sell signal (red circle) with confirming price action
3. Entry confirmation requirements:
- Volume above 65% of 20-day average
- Price below short-term moving average (e.g., 20 EMA)
- No immediate support within 3% of entry price
4. Entry on the next candle open after signal confirmation
#### Position Sizing Rules
1. Base risk per trade: 1% of trading capital
2. Position size calculation: Capital × Risk% ÷ Stop Loss Distance
3. Position size adjustments:
- Increase by 20% for Strong signals with above-average volume
- Decrease by 20% for Early signals without confirming price action
- Standard size for all other valid signals
#### Stop Loss Placement
1. For Long Positions:
- Place stop below the most recent swing low
- Minimum distance: 1.5 × ATR(14)
- Maximum risk: 1% of trading capital
2. For Short Positions:
- Place stop above the most recent swing high
- Minimum distance: 1.5 × ATR(14)
- Maximum risk: 1% of trading capital
#### Take Profit Strategy
1. First Target (33% of position):
- 1.5:1 reward-to-risk ratio
- Move stop to breakeven after reaching first target
2. Second Target (33% of position):
- 2.5:1 reward-to-risk ratio
- Trail stop at previous day's low/high
3. Final Target (34% of position):
- 4:1 reward-to-risk ratio or
- Exit when opposing signal appears (e.g., Strong Sell for long positions)
#### Trade Management Rules
1. After reaching first target:
- Move stop to breakeven
- Consider adding to position if new confirming signal appears
2. After reaching second target:
- Trail stop using banker flow signals
- Exit remaining position when:
- Oscillator crosses zero line in opposite direction
- Opposing signal appears
- Price closes below/above trailing stop level
3. Maximum holding period:
- 20 trading days for trend-following trades
- 10 trading days for counter-trend trades
- Re-evaluate if targets not reached within timeframe
#### Risk Management Safeguards
1. Maximum open positions: 5 trades
2. Maximum sector exposure: 40% of trading capital
3. Maximum daily drawdown limit: 3% of trading capital
4. Mandatory stop trading rules:
- After three consecutive losing trades
- After reaching 5% account drawdown
- Resume after two-day cooling period and strategy review
#### Performance Tracking
1. Track for each trade:
- Signal type that triggered entry
- Oscillator reading at entry and exit
- Volume relative to average
- Price action confirmation patterns
- Holding period
- Reward-to-risk achieved
2. Review performance metrics weekly:
- Win rate by signal type
- Average reward-to-risk ratio
- Profit factor
- Maximum drawdown
3. Adjust strategy parameters based on performance:
- Increase position size for highest performing signals
- Decrease or eliminate trades based on underperforming signals
## Advanced Usage Tips
1. Combine with Support/Resistance:
- Signals are more reliable when they occur at key support/resistance levels
- Look for banker flow divergence at major price levels
2. Multiple Timeframe Analysis:
- Use the oscillator on both daily and weekly timeframes
- Stronger signals when both timeframes align
- Enter on shorter timeframe when confirmed by longer timeframe
3. Sector Rotation Strategy:
- Compare banker flow across different sectors
- Rotate capital to sectors showing strongest positive flow
- Avoid sectors with persistent negative flow
4. Volatility Adjustments:
- During high volatility periods, wait for Strong signals only
- During low volatility periods, Early signals can be more actionable
5. Optimizing Parameters:
- For more volatile stocks: Increase Smoothing Length (6-8)
- For less volatile stocks: Decrease KLSE Sensitivity (1.2-1.5)
- For intraday trading: Reduce all length parameters by 30-50%
## Fine-Tuning for Different Markets
While optimized for KLSE, the indicator can be adapted for other markets:
1. For US Stocks:
- Reduce KLSE Sensitivity to 1.5
- Increase Volume Filter to 75%
- Adjust Strong Signal Level to 18
2. For Forex:
- Increase Smoothing Length to 8
- Reduce Early Signal Threshold to 0.6
- Focus more on divergence signals than crossovers
3. For Cryptocurrencies:
- Increase KLSE Sensitivity to 2.2
- Reduce Signal Levels (Strong: 12, Early: 8)
- Use higher Volume Filter (80%)
By thoroughly understanding and properly implementing the Enhanced KLSE Banker Flow Oscillator, traders can gain a significant edge in identifying institutional money flow and making more informed trading decisions, particularly in the Malaysian stock market.
Bursa
Bursa Malaysia Index SeriesERVIEW
This indicator is intend to display Bursa Malaysia Index Series.
█ FEATURES
1. Choose available sector based on Bursa Malaysia Index.
2. Plot close or OHLC.
3. Color of Closing price plot adapt to chart background color.
4. Font size can be selected.
█ EXAMPLES / USAGES
Bursa Index KLCI VS Stock/Equity (MI08)Bursa index KLCI versus stock indicator can be used as a benchmark to help investors compare the performance of the KLCI index and individual equity/stock.
The Green bar indicates that the stock has outperformed the KLCI index.
The Orange bar indicates that the stock has underperformed the KLCI index.
This indicator is not appropriate for comparing to the stock that is a component of the FBM KLCI, as it is already included in the bursa index.
The length of the bar indicates the strength of the stock/index.
Do not reply exclusively on the indication to trade. It is merely an analytical technique to assit investors in determining the strength and weakness of particular equity/stock relative to the KLCI index.
Disclaimer:
This script indicator is solely for the purpose of education / opinion sharing only, and should not be construed as investment advice or recommendations to buy or sell any security.
Get your trade advise from a legit broker, you are responsible on your own trade.
Thank you.
Long Short Momentum (LSF) - MI06The Long Short Momentum (LSF / MI06) uses daily price (open, high, low, close) to calculate a series of formulated data & present in this indicator capturing current trends in the market.
LSF statistically compares market volatility to both long and short momentum, assisting investors in indentifying retracement entry points in trending stocks.
The Dark Green column shows that the stock is in the Bullish momentum when turning into Light Green column indicates the bullish momentum is getting waning.
The Dark Red column indicates that the stock is in the Bearish momentum when turning into Light Red colum indicates the bearish momentum is getting weaker.
The Length of the Red/Green column = Momentum's strength (higher the column means stronger the momentum)
How to use the Long Short Momentum (LSF) indicator:
1. When a stock price breaks out of a range/sideway trend and begins to rise
2. To be validated as a trade entry, the next candle must closed above the highest price of the signal's (first Dark Green column) candle
3. The signal candle's lowest price will function as a stop-loss point
4. When the Dark Green column changes color to Light Green, if the stock closes below the signal's lowest price (the 1st Light green column) candle to confirm signal as an exit point
5. This will be the pullback entry point or an average-up/add position if the next candle is close above the highest price of the signal (the 1st Light Green column) candle
6. If a Dark/Light Red column exists between 2(two) Dark/Light Green colums during an uptrend, please use the 1st Dark Green column as the next indication.
To achieve the best results, please use this LSF in a trending market; remember to trade with alongside with the trend rather than against it.
Disclaimer:
This script indicator is solely for the purpose of education and opinion sharing, and should not be construed as investment advice or recommendations to buy or sell any security.
Get your trade advise from a legit broker, you are responsible on your own trade.
Thank you.
Smart Swing Strategy for StockSpecial indicator for stock but you can try another instrument.
Trend determination and buy/sell signals are using the Alligator system from Bill Williams .
To get maximum profit, the system uses the trailing stop technique using Average True Range (ATR) with 4 moving average options (RMA, SMA , EMA , WMA ).
Please leave comments if any opinions.
Disclaimer
The content is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to your investment objectives, financial situation, or needs of yourself or any other specific person. Before committing to a trade or investment, please seek advice from financial or other professional advisers regarding the suitability of the trade for you. If you do not wish to seek such financial advice, please consider carefully whether the product is suitable for you as you alone remain responsible for your trading gains and losses.
Shariah & PN17 Bursa MalaysiaDISCLAIMER: This Indicator work only with Bursa Malaysia's Stock
HOW DOES THE INDICATOR WORK
0. This is an overlay type of indicator. (Panel on chart)
1. This indicator list all shariah stock including warrant up to the month & year stated on the panel.
2. User may update the list (delete or adding) accordingly - refer to comment in the code
3. Panel of the indicator may be relocated in the indicator setting - default: TOP RIGHT
4. Panel will indicate Red Color with 'PN17' text for PN17/G3 stock
5. Panel will indicate Green Color with 'S' text for shariah stock
6. Panel will indicate none for non-shariah stock
7. If shariah stock was listed as PN17/GN3 stock, panel will indicate as PN17
Notes : Refer to code's comment for details.
MYX Bursa IPO Listing Table (Source Code)This indicator intended for Malaysia Market only for Initial Public Offering (IPO) refer to Bursa Malaysia
Indikator ini adalah untuk pasaran Malaysia sahaja untuk Tawaran Awam Permulaan (IPO) rujuk kepada Bursa Malaysia
Indicator features :
1. List similar symbol or counter based on year including total.
2. Font size small for mobile app and font size normal for desktop.
Kemampuan indikator :
1. Senarai simbol atau kaunter yang terlibat mengiku tahun termasuk jumlah.
2. Saiz font kecil untuk mobile app dan saiz size normal untuk desktop.
FAQ
1. Code Usage / Penggunaan Kod
Free to use for personal usage but credits are most welcomed.
Not for business / commercial usage, any damage or lialibity are not my resposibility.
Bebas untuk kegunaan peribadi tetapi kredit adalah amat dialu-alukan.
Bukan untuk kegunaan perniagaan / komersil, sebarang kerosakan atau liability adalah di luar tanggungjawab saya.
2. Update Frequency / Frekuensi
Anytime after official update by Bursa Malaysia.
Bila-bila masa selepas kemaskini rasmi oleh Bursa Malaysia
3. Symbol/Counter not showing / Simbol/kaunter tiada
Symbol/counter not longer exist or not yet updated.
Simbol/kaunter telah tersenarai keluar atau belum dikemaskini.
4. Why table overlap with chart ? To avoid this, click indicator > Visual Order > Send to Front.
Kenapa table bertindih dengan carta ? Untuk mengatasi ini, klik indikator > Visual Order > Send to Front.
All Setting enabled.
Semua seting diaktifkan.
Small Font setting enabled, suitable for mobile app.
Setting font kecil diaktifkan., sesuai untuk mobile app.
Setting by year.
Setting mengikut tahun.
MYX Malaysia Bursa Futures Derivatives Auto DetectThis indicator intended for Malaysia Market only for auto detect Futures Market Derivatives refer to Bursa Malaysia
Indikator ini adalah untuk pasaran Malaysia sahaja untuk automatik mengenalpasti Derivatif Pasaran Hadapan rujuk kepada Bursa Malaysia
Indicator features :
1. Able to detect futures market.
2. List similar symbol or counter including total.
3. Font size small for mobile app and font size normal for desktop.
4. Show date updated by Bursa Malaysia.
Kemampuan indikator :
1. Boleh mengenal pasti pasaran hadapan.
2. Senarai simbol atau kaunter yang terlibat termasuk jumlah.
3. Saiz font kecil untuk mobile app dan saiz size normal untuk desktop.
4. Memaparkan tarikh kemaskini oleh Bursa Malaysia.
FAQ
1. Credits / Kredit
LucF & PineCoders
2. Code Usage / Penggunaan Kod
Free to use for personal usage.
Bebas untuk kegunaan peribadi.
3. Why table overlap with chart ? To avoid this, click indicator > Visual Order > Send to Front.
Kenapa table bertindih dengan carta ? Untuk mengatasi ini, klik indikator > Visual Order > Send to Front.
4. Some symbols not display such as Commodities Derivatives (OCPO and OPOL) and Equity Derivatives (OKLI).
These symbol are offcially displayed at Bursa Malaysia but not available in Trading View under prefix MYX.
And also Futures Market are not available in Trading View.
Beberapa simbol tidak dapat dipaparkan Derivatif Komoditi (OCPO and OPOL) and Derivatif Equiti (OKLI).
Simbol berikut dipaparkan secara rasmi di Bursa Malaysia tetapi tiada di Trading View di bawah prefix MYX.
Dan Pasaran Hadapan juga tiada di Stock Screener.
All Setting enabled.
Semua seting diaktifkan.
Example of recommended usage.
Contoh penggunaan yang disarankan.
Example of other derivatives. Similar derivatives can be shown.
Contoh derivatif lain. Derivatif yang sama boleh dipaparkan
MYX Bursa Shariah TableThis table indicator was created for easy creating watchlist by shariah or sector for Malaysia Market only. Indicator takes time to load, please be patient.
Jadual Indikator telah dicipta bagi memudahkan pembinaan watchlist mengikut shariah atau sector untuk pasaran Malaysia sahaja. Indikator ini mengambil masa untuk berfungsi, harap bersabar.
Best viewed using Tradingview Desktop App or Dekstop Based Browse (Chrome, Firefox, Internet, Opera, etc) with 100% zoom. Not suitable for Tradingview Mobile App.
Paparan terbaik menggunakan Tradingview Desktop App atau Dekstop Based Browse (Chrome, Firefox, Internet, Opera, etc) dengan 100% zoom. Tidak sesuai untuk Tradingview Mobile App.
Database was updated based on List of Shariah Compliant Securities by the Shariah Advisory Council as at 28 May 2021
Database ini telah dikemaskini berdasarkan Senarai Patuh Syariah oleh Majlis Penasihat Syariah Setakat 28 Mei 2021
Short Name / Nama Ringkas :
S : Shariah
NS : Non Shariah (Bukan Shariah)
CPS : CONSUMER PRODUCTS & SERVICES
IPS : INDUSTRIAL PRODUCTS & SERVICES
TEC : TECHNOLOGY
CON : CONSTRUCTION
HEA : HEALTH CARE
PRP : PROPERTY
NRG : ENERGY
LOG : TRANSPORTATION & LOGISTICS
TM : TELECOMMUNICATIONS & MEDIA
UTI : UTILITIES
PLT : PLANTATION
FIN : FINANCIAL SERVICES
By default, table will show overall content.
Tetapan asal, jadual akan menunjukkan keseluruhan isi.
Setting Sector (Example CPS) with Market (All)
Setting Sektor (Contoh CPS) dengan Market (ALL)
Setting Sector (Example CPS) with Market (MAIN) and Compliant (S)
Setting Sektor (Contoh CPS) dengan Market (MAIN) dan Compliant (S)
Setting Sector (Example CPS) with Market (MAIN) and Compliant (NS)
Setting Sektor (Contoh CPS) dengan Market (MAIN) dan Compliant (NS)
[HuD] Malaysia COVIC-19This indicator show Covic-19 statistics for Malaysia.
The bar chart indicates :
1) Current Covic case in Malaysia
- Red Bar = if the case is higher than the previous day
- Grey Bar = if case lower or equal than the previous day
2) Red Line = 20 days moving average of daily covic case
Traders can also load Malaysia data from TV using the id as below :
1) CONFIRMED_MY
2) DEATHS_MY
3) RECOVERED_MY
Thanks :)
Note :
Trades can load this indi on any chart, but it only show data
of the previous 2 days since the data from WHO has not yet updated.
HuD DE | TEHuD DE | TE Expert is a combination of two indicators.
1. DE or Deviation Expert
DE is based on ema5 and ema20. This MA algorithm is to filter signals such as trend and convergence/divergence. It is represented by HA Candles.
There are 4 signals to assist traders in making decisions
i. Golden Cross = possible entry point ( Green Triangle )
ii. Death Cross = possible exit point ( Red Triangle )
iii. Cross Up Level 0 = look for Buy opportunity ( Green Diamond )
iv. Cross Down Level 0 = look for Sell opportunity ( Red Diamond )
There are also ema lines to monitor the movement of current candle movement.
2. TE or Trend Expert
TE is based on ema5 movement to assist traders to see the overall trend of chart movement.
The movement is represented by HA Candles.
There are 4 ema's lines to monitor HA Candles movements.
This lines act as support / resistance which can assist traders to see the current trend of the chart.
For example, if line is green ( Uptend) and the next candle drop below the first green ema lines, next line (ema10) acts as support.
If next candle breaks ema10, we can consider making an exit plan. Or for swing traders, they can consider waiting until candle drop below ema50 ( purple line ) before deciding to exit.
Note: This indicator setting only suitable for Bursa Malaysia market.
HuD Bursa Time Range ( TR )HuD Bursa Time Range ( TR ):
🔘 Is a simple indicator that makes it easier for intraday traders to make daily decisions.
🔘 The concept is simple.
🔘 Between 9am - 9.30am (default value) I call this the Time Range (TR).
🔘 This TR time is also the time where traders (the day before) selling their shares.
🔘 After this period, usually new traders will take their position and look for entries.
🔸 If the next candle does not close below this TR lowest price. then there is a possibility the candle will move upwards.
🔸 If the next candle is higher than the high candle from TR, the candle will most likely make a Breakout (BO) & the daily candle will form a green candle / marobozu. = background will turn green
🔸 The background will turn yellow, if the close candle at the end of the session is equal to the open price
🔘 This Indi only applies for timeframes (TF) lower than Daily (Ex: TF4hour, TF1hour, TF30min, TF15min, 1min etc).
🔘 It is recommended to use this indi in TF1 minutes, so that it works like a tick chart on the trading platform.
Examples 1 :
Examples 2 :
Examples 3 :
Examples 4 :
Gann Square of 9 v2- M3M0The Square of nine or Gann Square or Master Chart is also known as the square root calculator and finds its basis in Gann's methods which is squaring price and time. The square of 9 is a spiral of numbers with the initial value "1" starting at the centre. Starting from this central value, the number is increased as we move in a spiral form and a clockwise direction. According to some experts, each cell in Gann’s square of nine represents a point of vibration.
This indicator will automatically plot the Gann Level based on the Gann Square of 9 table.
How to trade with Gann Square of 9.
This indicator will automatically plot 4 lines above the current price and 4 lines below the current price, which is based on Gann Square of 9 table.
If the lines above the current price, it will be as resistance. If the lines below the current price, it will be as support.
The blue line is the strong level from Gann Square of 9 table while the red line is the very strong level from Gann Square of 9 table.
Hj7171 TP LevelThis Take Profit (TP) formula is based on my experience trading in Bursa Malaysia.
How to Use :
a) User need to key in Entry Price (EP) manually.
b) Add in share unit ( default is 10,000 unit or 100 lot
c) Indi will draw TP lines, % profit and Gross Profit automatically
Below is the TP formula :
1) Price Below 0.2
TP1 : EP + 0.005
EP + 0.010
TP2 : EP + 0.015
EP + 0.020
TP3 : EP + 0.025
EP + 0.040
2) Price Above 0.2 - 0.995
TP1 : EP + 0.015
EP + 0.025
TP2 : EP + 0.030
EP + 0.050
TP3 : EP + 0.060
EP + 0.100
3) Price Above RM 1
TP1 : EP + 0.030
EP + 0.060
TP2 : EP + 0.070
EP + 0.120
TP3 : EP + 0.130
EP + 0.240
Hope this indicator can help trader set TP properly.
Thanks
Indices Sector SigmaSpikes█ OVERVIEW
“The benchmark Dow Jones Industrial Average is off nearly 300 points as of midday today...”
“So what? Is that a lot or a little? Should we care?”
-Adam H Grimes-
This screener aims to provide Bird-Eye view across sector indices, to find which sector is having significant or 'out-of-norm' move in either direction.
The significance of the move is measured based on Sigma Spikes, a method proposed by Adam H. Grimes, where Standard Deviation of returns used as a baseline.
*You can google his blog or read his book, got some gold in there, especially on how he use indicators for trading
█ Understanding Sigma Spikes
As described by Grimes, moves in markets are only meaningful when we consider what “normal” is for that market.
Without that baseline, the daily change number, and even the percent change on the day doesn’t really mean much.
To overcome that problem, Sigma Spikes, as a measure of volatility, attempt to put todays change in price (aka return) in context of the standard deviation of 20 days daily's return.
Refer chart below:
1. The blue bars refer to each days return
2. The orange line is 1 time standard deviation of past 20days daily's return (today not included)
3. The red line is 2 time standard deviation of past 20days daily's return (today not included)
Using the ratio of today's return over the Std Deviation, determining your threshold (1,2,3,etc) will be the key that tells if today's move is significant or not.
*Threshold referring to times standard deviation, and different market may require different threshold.
*20 Days period are based on the Lookback Period, adjustable from user input window.
█ Features
- Scan up to 13 symbols at a time (Bursa (MYX) indices are defaulted, but you may change to any symbols/index from the user input setting)
█ Limitation
- Due to multiple use of security() function required to call other symbols, expect the screener to be slow at certain times
- Custom Timeframe currently accept only Daily and Weekly. I'll try to include lower timeframe in the next update
█ Disclaimer
Past performance is not an indicator of future results.
My opinions and research are my own and do not constitute financial advice in any way whatsoever.
Nothing published by me constitutes an investment recommendation, nor should any data or Content published by me be relied upon for any investment/trading activities.
I strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
Any ideas to further improve this indicator are welcome :)
HuD Bursa Strength IndexHuD Bursa Strength Index
- is a RSI oscilator for Malaysia Index Sector
- it will display RSI of selected Index sector such as Technology and compare it with current counter's chart
The purpose is to see the "relationship" between the counter and selected Index's RSI .
Setting :
- Default setting for RSI is 14, source is close
- Index sector includes :
"FBMKLCI", "TECHNOLOGY","ENERGY","PLANTATION", "PROPERTIES", "CONSUMER", "FINANCE", "CONSTRUCTN", "IND-PROD", "HEALTH", "TRANSPORTATION", "TELECOMMUNICATIONS" dan "UTILITIES"
// BM //
- RSI utk sektor-sektor indeks di Bursa Malaysa
Tujuan indicator :
- untuk bandingkan carta kaunter pilihan dengan RSI indeks berkaitan seperti KLCI, Teknology dan lain-lain
- Boleh lihat "relationship" kaunter dengan indeks
- Mungkin boleh mencari timing yang sesuai untuk entry atau exit bersesuaian dengan kekuatan indeks yang berkaitan
- Trader boleh pilih indeks-indeks dari option setting :
"FBMKLCI", "TECHNOLOGY","ENERGY","PLANTATION", "PROPERTIES", "CONSUMER", "FINANCE", "CONSTRUCTN", "IND-PROD", "HEALTH", "TRANSPORTATION", "TELECOMMUNICATIONS" dan "UTILITIES"
HuD AQV BursaPersonal Experiment
Indicator based on Donchian Channel and ATR
Blue Dot = Entry Point
Red Dot = Stop Loss
Green Dot = Breakout Candle
Orange Triangle = Uptrend Confirmation
Entry
- only entry if it suit your risk
- Entry at the beginning of uptrend is a good entry
Stop Loss
- Stop Loss calculation are based on 100 lot shares
- Risk calculation at Info panel
Take Profit (TP)
- TP calculation as followed :
Range = Close Price - Stop Loss
TP1 = Close Price + ( 1 x Range )
TP2 = Close Price + ( 2 x Range )
TP3 = Close Price + ( 3 x Range )
Note :
EP = Entry price / Trigger price
CP = Close Price
SL = Stop Loss
Risiko = ( CP - SL ) x 100 lot
Gann Square 9 for Bursa Malaysia"The Square of nine or Gann Square or Master Chart is also known as the square root calculator and finds it basis from Gann's methods which is squaring price and time. The square of 9 is a spiral of numbers with the initial value "1" starting off at the center. Starting from this central value, the number is increased as we move in a spiral form and in a clockwise direction. According some experts, each cell in Gann’s square of nine represents a point of vibration" - from iSaham website
- Based on Gann Square 9 Table
- Lines act as Support and Resistance
- Lines can also be used as guide for Take Profit or Cut Loss level
- Indicator will plot 8 nearest lines at current price.
Generally, trade will refer :
- Red Line - Stronger Support and Resistance
- Blue Line - Support and Resistance
Notes :
Only suitable for Bursa Malaysia stocks
Currently lines only cover price below RM5
Please pm me if you interested to use :)
MA 10,20,50,200Indicator consist of moving averages (MA).
This indicator make it easier for me to switch between few MA lines.
1. MA10
- used for intraday.
2. MA50 and Ichimoku
- to analyze swing trend
- display only MA50 and ichimoku cloud
3. MA20, MA50 and MA200
- to analyze the trend
- for swing trade
4. Lines 52 Week High / Low
- display both lines as guide when trading