Simple indicator with 3 SMA's and 2 EMA's.
Very useful if you like using several indicators but don't have a subscription!
Red, Yellow, Red -> SMA's
Purple, Blue -> EMA's
Feel free to customize the colors/widths!
◊ Introduction
Introducing VRMI in this script, an RMI based on price movement and volume, to indicate bullish and bearish trends.
This script marks the background depending on RMI <> VRMI , VRMI polarity and large buy/sell sprees.
◊ Origin
Based on 'The Relative Momentum Index' by Roger Altman : February, 1993 issue of Technical Analysis of Stocks &...
This script can spot the candle to exit a trade
it works only on 1d timeframe
Do not trade the signal, just use it to exit the trade in profit (it's not a reversal signal)
NO REPAINT - it' based on current candle close
You can try it for a limited period, ask for access in comments
This indicator detects microtrend reversals based on crossings of the DMI+ and DMI- signals
It indicates the trigger event on the chart as well as the reversal candle
In addition to that it shows a countdown above the bars
This is helping when multiple reversals occur.
Important: when the Bollinger Bands are crossed in the previous bars it's possible that the...
I found myself using multiple bollinger bands a lot so I decided to add them all to one script and add the ability to adjust them by 0.2. It has helped me by not taking up as much space in the upper left corner as well as improving my in's and outs of trend continuation trades. If you manage to find a double top at +2 or greater deviation, and with a bearish...
