Time Zone / Market Sessions indicator is a handy tool to display current major Market Open / Close condition along with present time at that Exchange. Sydney, Tokyo, London, New York market sessions are included. Clear display of Overlap Zones and Kill Zones.. Can be used to estimate market Pumping and Dumping. Alerts can be set when a market opens. Time is...
This is a MTF HUD built around Chartguy Dan's trading style of 12/26 EMAs and RSI levels from multiple time frames. The HUD is configurable, allowing you to change the time frame of RSI levels and EMAs. The EMAs can be displayed at their current price or a percentage distance away. The HUD values will change color.
RSI Momentum Bands serve a purpose to find best RSI momentum for entering a trade. Indicator is built simply: 1st RSI MA is smoothed RSI by little period, 2nd RSI MA is smoothed RSI by a bigger period. Then we calculate standard deviation from the 2nd MA and make upper and lower band. The rules for trades are simple: When RSI is above higher band - Buy ; ...
Plug the breakeven line code into the bottom of your strategy to get visualization of your breakeven price. Line is green when net position is long, red when net short and invisible when strategy is risk neutral. Most useful for strategies which use pyramiding (successive entries in same direction stacked upon each other) as it can be difficult to track where...
An exponential moving average ( EMA ) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average . An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average...
This indicator is designed for shorter time frames - specifically 15 minutes to 1 minute. It is scalping tool that users William Bollinger setup on various time frames. This indicator will give you an edge and a way of thinking that you NEVER THOUGHT before because it has a story. This indicator isolates between 0 and 100. Below around 20 is a buy, above 80 is...
The Market Meanness Index was created by Johann Christian Lotter and I added some smoothing of my own, so feel free to try it without any smoothing to see the differences. This indicator relies on the mean reversion theory that all prices will eventually revert to the mean over a long period of time. Obviously there is more to the theory but the basic idea is if...
This indicator uses a single price point for each session (HLC3 by default) to draw waves. This helps to filter out small or high frequency fluctuation in the price, and focus on the trend. There are also options to display cumulative volume for each wave, or to overlay the price source to draw the wave on the chart. I find using this indicator helps with finding...
I developed this indicator as a "regime detection" for my algo trading bot. It uses the ADX +/- values with a few twists. - If ADX DI+ is over 30 and DI- is below 20 and falling (inverse for shorts) - Price action rising/falling thru various VWAP standard deviations indicates a strong trend break - Some other custom juju (open source so have fun). I use this...
This is a modified OBV indicator that creates an oscillator by smoothing the difference between the value of the OBV and a short moving average of the OBV. SMAs of the oscillator are also provided to study crosses and convergence/divergence. The indicator should mostly be used on common stock, but works on futures contracts with some tuning and a shorter timeframe.
This script makes use of high-volume activity as an indicator of the presence of market participants accumulating orders in specific areas on a lower timeframe by detecting volume peaks to form order blocks. Mitigated order blocks are automatically hidden from the chart, also allowing users to be able to select two different mitigation methods "wick" and...
The Smart Disparity Index (SDI) is an optimized version of the Disparity Index indicator invented by Steve Nison (book "Beyond Candlesticks"). According to Steve Nison, "The disparity index (or disparity ratio), compares, as a percentage, the latest close to a chosen moving average", which means that the indicator gives the difference in % between the closing...
Reference: tlc.thinkorswim.com Logic changed to transition to an active box after one higher low only.
This indicaor is draw time(ex 09:15 nifty 50) high and low of candle .. for buy condition - 1) when price is crossing time candle high open a long trade 2) check for condition is this trade open less thn previous trade if both condition are true thn open a buy trade for sell condition - 1) when price is crossing time candle low open a short trade 2) check...
This script automatically detects horizontal support / resistance levels based on user-programmable criteria. For example, you can detect boundaries with >3 touches within 200 days, allowing a tolerance of 1/4*ATR. "Touches" are defined from pivots on the chart. The best way to search for larger/smaller patterns is to increase/decrease the pivot size.* ...
This indicator serves a purpose of a trend recognizer. It is able to tell you whether the market is bullish, bearish or if the price goes sideways. Process of determining the trend: - The indicator uses 3 moving averages to determine the trend - For each of these averages, there is calculated value change over a certain period. So, if the value of Moving...
A quick and easy "at a glance" display for the viewable candles. It does repaint, but that is a non-issue, as it is simply a quick and handy tool to visually see a quick peek at the visible range. The highest, lowest, and average are displayed, with labels for the percentage distance from the current close value and total range. Automatic color for each based on...
Description: A Long only strategy based on breakout from a certain level formed by High price. It has auto-backtesting capabilities (you set ranges for the three main parameters: Lookback, TP and SL; the strategy then goes through different combinations of those parameters and displays a table with results that you can sort by Percentage of profitable trades...