Level: 1 Background Oscillators are widely used set of technical analysis indicators. They are popular primarily for their ability to alert of a possible trend change before that change manifests itself in price and volume . They should work best in times of sideways markets. Function L1 Short-Mid-Long-Term Swing Oscillator puts three terms of oscillators to...
Level: 1 Background The KDJ oscillator display consists of 3 lines (K, D and J - hence the name of the display) and 2 levels. K and D are the same lines you see when using the stochastic oscillator. The J line in turn represents the deviation of the D value from the K value. The convergence of these lines indicates new trading opportunities. Just like the...
This Indicator is a pack of set of Indicators. I am a Bill Williams Chaos and DiNapoli system trader. It includes following indicators, 1. Wiseman 1 - Divergent Bar indicated by Circle. Angulation to be manually observed 2. Wiseman 2 - The Super AO signal, indicated by a square 3. Wiseman 3 - Bill William's Fractal indicated as Triangle 4. DiNapoli DMA1 - 3 Bar...
To create the script I used the LonesomeTheBlue code. Thank him for his code. The indicator shows trend lines. Up to three support lines (red) and up to three resistance lines (lime). There can be up to 6 lines at a time. However, most often there will be from 0 to 1 line. Trend lines may be extended to the right. For this purpose there is a checkbox in the...
Description: ATR Pivot Point Index (ATR_PPI) is based on the theory of mean reversion. I was inspired to create this indicator after watching a particular YouTube video on the UKspreadbetting channel. In this video, the trader being interviewed mentioned that he would exit when price is too far from the moving average. In other words, he exits when he thinks...
This needs no explanation, this is the secrete system that has made many millionaires - By selling courses and indicators of course -I jest This was just a fun project, that doesn't mean it was not geared towards tradable S/R generation. People who use Gann and Murrey methods will find this useful, others can marvel at it or lol at it, it's all good. The author...
The 2 Pole Super Smoother Filter was created by John Ehlers (Cycle Analytics For Traders pg 32) and this follows the price very closely and very useful because it is consistent with uptrends and falls sharply during a sudden downtrend so it should be able to help you stay more profitable. Buy when the indicator line turns green and sell when it turns red. Let me...
NKP Super V1 is an indicator. It will select the stocks based on strategy and plot the buy, sell and Stop loss lines in live market based on custom calculated information about entry points at price move above buy(green) line . When ever fresh candle open above/below the green/red line it the entry point based on sign. we can see the Two SMA limes 10, 50 for...
The Fisher Transform Indicator was created by John Ehlers and the beauty of this indicator is that it provides sharp and clear turning points that are also very early Histogram to see is the momentum is strong or weak. Buy when the indicator cross under 0 line and sell when the indicator cross above 0. Good to use with ema 50-100-200 for trend confirmation and...
Level: 1 Background A breakout refers to when the price of an asset moves above a resistance area or below a support area. Breakouts indicate that the price may be trending in the direction of the breakout. Function L1 Breakout Indicator utilizes highest() and lowest() functions to define breakout levels. Use ema() to draw a trade line to detect the distance to...
This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow...
** YOU MUST READ BEFORE USING THIS INDICATOR ** This indicator is strictly for helping people like myself learn 'The Strat' method by Rob Smith. This indicator DOES NOT provide trading advice or trade entry signals! Strat Candles+Open Levels+Active FTFC Indicator features : Strat Candles Scenarios 1, 2 and 3. Open Price Levels for the...
Level: 1 Background On Balance Volume (OBV) is a simple indicator that uses volume and price to measure buying and selling pressure. The buying pressure is evident when the positive volume exceeds the negative volume and the OBV line rises. Function L1 On Balance Volume Indicator is a simple but improved OBV by using alma and more input parameters Key...
Hey traders, This is a script that calculates the Initial Balance , which is the range of the first hour per trading session/day. The pink and green lines are the high and respective low extension multiples, up to x12 the IB . White line in the center is the middle of the IB , and the orange lines above and below are the 1/4 and 3/4 fractions of the IB . IB...
This is an experimental script that runs off of the IB The IB can give directional bias towards the trend and give S/R levels. I wanted something relevant to IB but for more frequent intraday trading, so this indicator runs on a 15 minute opening range of each trading day, establishing the IB, but where as the highs are set to 4H sessions, while the lows...
-Contains well a 4 ema crossover that well all know and love used for spoting trend -Parabolic Sar overlayed so that you can spot entries -RSI swing, so you can visually see overbought/oversold conditions -and finally a AUTO-divergence spotter, for anticipating reversals
This script labels swing highs and swing lows as well as the candle pattern that occurred at that precise point. The script can detect the following 6 candle patterns: hammer, inverse hammer, bullish engulfing, hanging man, shooting star, and bearish engulfing. This indicator by its very nature backpaints by default, meaning that the displayed components are...
A request was made to make this script into a mult-time frame version. :) I'm not fond of the outcome using a really high time frame like the 1 Day when you're looking at a 5 minute intraday chart, but I think it looks pretty decent on something like a 5 min chart with 1 hour higher time frame. Please checkout the original Slope Vortex script for more...