This script is for use with the FOREX Master Pattern to assist the user with drawing in True Value areas. The script uses a combination of LOWER HIGHS and HIGHER LOWS to pinpoint areas of potential contraction and marks them with an X. Using these X symbols as visual guidance, the user can easily locate areas of contraction or "tightening" of the price as it...
This indicator will show you when a heikin ashi candlestick pattern forms based on volume . It contains different candlestick patterns to be able to use it in scalping. Each pattern has a specific name to identify it It is recommended to use it in 1 minute charts.
This indicator will show you when a volume-based candlestick pattern forms. It contains different candlestick patterns to be able to use it in scalping. Each pattern has a specific name to identify it It is recommended to use it in 1 minute charts.
Very helpful for price-action trading. Works excellently with 1-hour time frames and below. See Tide Finder Plus (TiFi+) if you want help from this indicator in higher time frames. See also: Adaptive Rebound Line (ARL) . The idea for this indicator was brought on by the concept of high and low tides and everything related to the concept.
This script looks at the Stoich, the RSI and the MacD and 1 time period previous MacD to determine if bottom has been reached. Use at own discression and performs better on longer timeframes like most osscilators. Try 1 hour and 4 hour, small time frames give more false readings.
Psychological levels (Bank levels) plots the price levels by truncating after the nth leftmost digits, as it appears the humain brain tends to intuitively calculate in log/zipf. Contrary to other similar scripts, this one uses a mathematical calculation that extracts the 1, 2 or 3 leftmost digits and calculate the previous and next level by...
This is a Real time volume Delta indicator which has to run real time on the chart to capture observation. Start it when the session starts and log the data and observe. It plots histograms as well as candlesticks of the the cumulative volume delta, from the style switch whichever you want. It is done based on real time tick and not based on candlesticks, so the...
The Adaptive Rebound Line (ARL) focuses on the rebound of price action according to the trend. While it does not focus on showing the trend, it does help in anticipating price rebounds. It achieves this by adapting quickly and by reducing lag. It is recommended to use this with a trend-identifying indicator. It was inspired by the Hull Moving Average and the...
This indicator displays volume in several formats: Volume Bar Format: Normal Volume: Shows the normal volume bar colors based on each candle's price direction Up/Down Volume: Breaks down each volume bar into buying volume (volume added when price goes up) and selling volume (volume added when price goes down) Volume Pressure: Breaks down each volume bar...
This indicator could be used to identify choppy Market Conditions based on the EMA. It is an EMA that could be configured to only show up, if the last 1..n candles are NOT crossing the EMA in any direction. I figured out that lower timeframes ( < 30 min) often the price bounces around the 200 EMA and gives lot of false signals using different strategies. So i...
This indicator could be used to identify choppy Market Conditions based on the EMA. It is an EMA that could be configured to only show up, if the last 1..n candles are NOT crossing the EMA in any direction. I figured out that lower timeframes ( < 30 min) often the price bounces around the 200 EMA and gives lot of false signals using different strategies. So i...
This indicator could be used to identify choppy Market Conditions based on the EMA. It is an EMA that could be configured to only show up, if the last 1..n candles are NOT crossing the EMA in any direction. I figured out that lower timeframes ( < 30 min) often the price bounces around the 200 EMA and gives lot of false signals using different strategies. So i...
The strategy is based on candle patterns, with confluence indicators. Note some of the candles are rare, they can be found only a specific timeframe, or within specific stocks. The added patterns are as follows: - Bullish Engulfing It is formed by two candles, the second candlestick engulfing the first candlestick. The first candle is a bearish candle that...
I'm publishing this indicator freely, because I'd like to get it reviewed by other people. This indicator was written whilst reading the book Systematic Trading by Robert Carver. In this book Carver describes trading rules that use a "dynamic" position size based on something like an evolving Sharpe Ratio . There are only a few other Sharpe indicators on...
This indicator will show you when a heikin ashi candlestick pattern forms based on volume. It contains different candlestick patterns to be able to use it in scalping. Each pattern has a specific name to identify it It is recommended to use it in 1 minute charts.
This indicator will show you when a volume-based candlestick pattern forms. It contains different candlestick patterns to be able to use it in scalping. Each pattern has a specific name to identify it It is recommended to use it in 1 minute charts.
This indicator helps swing trader to quickly see if a stock or an index is in a short term up- or downtrend. The 5 Day Moving Average line is shown on all intraday timeframes like 5, 10, 15, 30, 60, 65 and so on. When an index like SPY or QQQ shows a green 5 DMA line, the index is in a short term uptrend and you can buy stocks for a swing trade, when the line...
Bollinger Bands based on percent change from previous close instead of price movement