Of all the four principal capital markets, the world of foreign exchange trading is the most complex and most difficult to master, unless of course you have the right tools! The reason for this complexity is not hard to understand. First currencies are traded in pairs. Each position is a judgment of the forces driving two independent markets. If the GBP/USD for...
Introduction to the Indicator " PIVOT EDGE - The complete trading setup - CUSTOM TF " It means custom timeframe The Foundation layout for this indicator is based on PIVOT's which are nothing but the most important levels that the price has respected in the past. The values for the pivots are derived from the key attributes of the price in any timeframe such as...
Another simple indicator from the sweet indicator series, This is a combination of the Volume and Price Trend Meter indicators combined (Links below) into one indicator called PVTM (Price Volume Trend Meter). PVTM measures the strength of price and volume pressure on a histogram. The indicator sums up all green candles price and volume and red candles price and...
Introduction to the Indicator " PIVOT EDGE - The complete trading setup - PRO+ " The Foundation layout for this indicator is based on PIVOT's which are nothing but the most important levels that the price has respected in the past.The values for the pivots are derived from the key attributes of the price in any timeframe such as the OPEN, HIGH, LOW and CLOSE....
This indicator lets us to automatically detect and mark strong and clear Price Action levels in which there were Accumulation and Distribution phases in any timeframe. This Accumulation and Distribution is associated with a laterality in the market and they are usually important price levels to take into account for either future Price Action trades in Supports...
This volume indicator detects and paints with different colors up to 3 ranges of volume level necessary to identify the price zones where large investors act and trade with the price and volume's strategy. It will be easier and faster for you to identify the important volume levels in order to apply them to your trades. The greater difference and advantage over...
its just for personal use of my own. if you want to use this indicator, use it at your own responsibility. but just remember its a SCALP strategy and must be used on 5M timeframe. Long/Short Conditions : last 1H,30M,15M and 5M candle close on same direction. I will back test this indicator and if it worth it i will write turn it to a strategy. PS: i'm new to...
Yet another sweet little indicator which measures price pressure over specific period of time. I call it Price Trend Meter (PTM), It's basically similar to the indicator 'Volume Trend Meter' (VTM) but this time the calculations are based on price rather than volume. The indicator sums up all the prices of the green candles and red candles over a specific period of...
This is a price action indicator that focuses on price movements. Please add it to the main chart and use it. Hide the main chart itself or switch to the line chart. This indicator draws using the average of the high and low prices of the four bars and one of the four values you specify (default is the closing price). It is easy to understand how the momentum...
Outline of Indicator: Purpose of this indicator? Main purpose of building this indicator is to help traders who refer Current Month Futures to look for the volumes while they trade on the Index chart, with some added analysis on the volumes. What it CAN DO? Traders rely on volume as a key metric because it lets them know the liquidity level of an asset, and how...
This is a very powerful strategy, which I adapted mostly for futures perp pairs like BTCUSDTPERP or ETHUSDTPERP. Its made purely of price action rules like : We check for the last down candle before a sequence of up candles, or the last up candle before a sequence of down candles. At the same time I combine with other rules ,like for example during this...
Identifies entry for buy/sell position as per previous day high and low. Marks a target and stop loss as per the ATR14. Confirmation of Buy/Sell signal is when we have a 5 min candle with 60:40 body:wick ratio Use it on a 5 minute time frame to identify a price action based breakout It also marks when 50 ema crosses 200 ema, and vice-versa
One of the Biggest challenge in trading is to find the right trend and once we are in the right trend, holding on to winning trades is the next challenge. So this indicator addresses both these issues and helps you with finding the right trend and also guide you and glide the trades till there is a change in trend by means of proper trend based candle color. You...
Key Levels Backtest, same logic as the key levels script, provide levels based: High, Low, Mid and Close. This was requested, took a long time to post as I fell sick and was given a lot of Dev Work. Hope this helps those who use it, very useful to see liquidity grabs in my opinion. Input time in minutes! Result of a user request.
You can set it according to your own needs The required display can be opened ☑ Do not need to display can be closed ❌ I chose to turn them on by default: inside bars ☑ pin bars ☑ price action bar names ☑ price action bars ☑ Colors can be customized I wish you a smooth transaction!
This script came as a discussion in our community forum. It paints 1. Pin Bars (Bottom or Top) 2. inside/outside Bar 3. Bullish Bottom bar It also has the ability to add alerts on your favorite stocks
I have now turned the NYCOB Kill zone into a stand alone strategy! Fully customizable in regards to time of entry and levels of entry but the standard settings are the best all around. Original NYCOB Kill Zone text below This script plots the H and L of the first 2 hours of the NYC session and shades the space between in which i deem the NYC Order Block It...
Introduction Price Stats is an indicator based on the statistics shown in MarketSmith charting software when viewing the Track Price information, also known as the "yellow box." The following stats are available for the most recent price bar: ■ High price ■ Low price ■ Last price ■ Percent change in price from prior bar ■ Closing range within the bar ■ Current...