Here is my "Williams Percent Range with Trendlines and Breakouts" indicator, a simple yet powerful tool for traders. This indicator combines the classic Williams %R oscillator, which helps identify overbought and oversold levels, with added trendlines for easier trend analysis at a glance. It's designed to make spotting potential breakouts easier by drawing...
The Market Health Monitor is a comprehensive tool designed to assess and visualize the economic health of a market, providing traders with vital insights into both current and future market conditions. This script integrates a range of critical economic indicators, including unemployment rates, inflation, Federal Reserve funds rates, consumer confidence, and...
Traders, i have been observing crude oil for about 3 months now and somehow I can see that crude is respecting 42 days Moving average and crosses have created massive spikes most of the time. However you need to be mindful of the time to trade and timeframe since not all crosses creates spikes. Note: I have been testing on a 15min timeframe. Keeping this in...
The primary objective of the states monetary policy is to maintain price stability with sustainable maximum economic growth. In anticipation of higher inflation , the Central Banks raise short-term interest rate thereby to reduce money supply. Conversely, the Central Banks reduce short-term interest rate to inject additional money into the economy in apprehension...
A table to help track correlations between the four major energies contracts of the CME. The table shows the z-score of the current correlation value between HO, RB, CL, and NG. The inputs are: - timeframe: the timeframe of the calcluation. the default is 5 minutes. - window: the rolling window over which to calculate the correlations. the default is 48, or four...
Objective is to find forward looking indicators to find good entries into major index's. In similar vein to my Combo Z Score script I have implemented one looking at oil and oil volatility. Interestingly the script out performs WITHOUT applying the EMA in longer timeframes but under performs in shorter timeframes, for example 2007 vs 2019. Likely due to the...
Crude Oil, CL Plots Futures Curve: Futures contract prices over the next 3.5 years; to easily visualize Backwardation Vs Contango(carrying charge) markets. Carrying charge (contract prices increasing into the future) = normal, representing the costs of carrying/storage of a commodity. When this is flipped to Backwardation(As the above; contract prices decreasing...
Always trade using 5 mins Time frame of chart. For Buy entry always buy 1 point above the candle closing price & SL would be previous candle low or 30 points. For Sell Entry Always Sell 1 point below the candle opening price & SL would be previous candle high or 30 points. Do not take trades using 3 mins Time frame, as there is lot of noise. It works best with 5...
Japanese below / 日本語説明は下記 Dear Oil Traders/Investors, I have created this indicator which shows EIA crude oil stock statistics provided by EIA(U.S. Energy Information Administration). Like other commodities, oil prices are highly affected by demand and supply and increase/decrease of crude oil stock cause crude oil price fluctuation. This indicator is created...
Sideways detection indicator using Bollinger bands . In this case we take the original ratio between lower and upper and we smooth it even harder in order to get a better idea about the accuracy of the trend. If the initial ratio is not between 0 and 1 and the smooth ratio is higher than our selected value, we get an idea if we are a in trending market or...
BUY & SELL Scalp Signals for Crude Oil Future Contracts (Or it can be used with any scrip with good amount of Volume) based on Sma & RSI overbought/oversold alert (!) for possible reversal indication. Take Buy position only if candle breaks the high of alert candle & for Sell positions, take position if candle breaks low of the alert candle. Best to perform with...
Bollinger band is converted to EMA , and support and resistance bands are made into regions
This script created by training WTI 4 hour data , 7 indicators and 12 Guppy Exponential Moving Averages. Details : Learning cycles: 1 AutoSave cycles: 100 Training error: 0.007593 ( Smaller than average target ! ) Input columns: 19 Output columns: 1 Excluded columns: 0 Training example rows: 300 Validating example rows: 0 Querying example rows: 0 Excluded...
My strategy uses a combination of three indicators MACD Stochastic RSI . The Idea is to buy when ( MACD > Signal and RSI > 50 and Stochastic > 50) occures at the same time the BUY STop we place on previous day HIGH and sell (short) when the opposite condition occurs we place SELL STOP on previous day LOW We exit on Take profit or Stop loss which is calculated...
The indicator is a tool for global analysis. The default is the price of gold. The price of the instrument from the main window is divided by the price of gold. The result is the price of the instrument in units of gold. The screen uses the Dow Jones index as an example. In the indicator window, the price of the index in units of gold or the so-called gold Dow...
Direxxion Daily has both 'bear' and 'bull' oil ETFs. This tracks the volume in both combined. It also tracks them individually: the bear ETF is the red line, and bull the green. NOTE: the color of the volume bars is determined by whatever ticker you're currently looking at, and whether current close is gt/lt previous close. It is intended to be used while...
This tool highlights where gaps happens and outlines in the chart where the gap zones are. If there is a gap up there is a green line, a gap down it is red. The gap zone is highlighted in blue. You can choose the size of your gap with the input menu to the desired size. Feel free to ask comment below. Made for the Gold Minds group
Sharing the simple trend following trading strategy, traders can add their own rules in this, to minimise the losses and maximise the profits. Like below. 1. Go long only if price is above 189 days EMA/SAM 2. Exit position when high or low of previous candle is breached in the opposite direction of the trend. 3. Go long only if price is in up trend on higher...