by this script you can see the average level of macd, macd-asprey, rsi, stochastic, cci, momentum, obv, DI, volume weighted macd, cmf indicators within a period. It also calculates and creates the same graph for higher time frame, so you can see average levels for current and higher time frame. you can also check it for divergence/convergence. You can use it as...
So how to use this system since in forex one currency is dependent on the other currency we can make nice prediction using this dependency here i put DEMA RSI one will show you the current asset , the other one will be the oposite so if the graph is JPY /USD , the oppsite need to be USD/JPY put the TF either on the sametime of the graph or higher if you want...
An EMA Rainbow utilizing the range of a bar and adding back in the equation of the close-open. (close-open) yields either a positive or negative integer. So, it includes the weight of which way a price bar was printed; bullish or bearish. You will be able to judge the gravity of a markets trend, especially when approaching support/resistance zones. A choppy...
This is a 4 part RSI of High+Low+Close /3, It provides an excellent way to judge the apparent trend of a market, any market actually. The default settings are Fibonacci based, but you can alter them according to your wishes to fit your profile of trading and/or research. The Lead RSI will exhibit a relationship to the following RSI's in the manner of...
The weights of this moving average are powers of the weights of the standard weighted moving average WMA . Remember: When parameter Power = 0, you will get SMA . When parameter Power = 1, you will get WMA . Good luck!
This indicator looks for breakouts above and below the latest highs and lows.
Volume Impact (The area) Average Volume (The thick line, xTrigger) Volume Impact = Volume Chance - Average Volume It provides very reliable buy sell signals. Buy(green) when increasing, sell(red) when decreasing. Volume Impact might drop before the actual price so it has an early warning potential. Before trend changes volume average diverges from the prices....
So here I try to make the easy system better using different scripts I keep the donchian % channel from easy first version --this good for setting your take profit or your stop loss use it wisely I add the top and bottom finder - here I advise to use also another indicator to verify the spots , the last one always be the bottom but in dump it will show few bottom...
This Adx +-Di is just a complete version of what the ADX is supposed to signal. So you have: 15 (contraction), 20 (threshold), 30 (expansion), 40 (resistance) levels. Below 20 the price is not trending Above 30 the price is trending Below 15 price has been in contraction for too long Between 20 and 30 price is in a "transition zone". I finally added a...
This indicator gives a clear indication of price action swing-points as well as an indication of whether it is a higher, lower, or equal swing point relative to the last high/low.