The DecisionPoint Price Momentum Oscillator ( PMO ) is an oscillator based on a Rate of Change calculation that is smoothed twice with custom exponential moving averages. Because the PMO is normalized, it can also be used as a relative strength tool. PMO can be used in many ways: - PMO can be used to determine the OB/OS state. While the +2.5 to -2.5 is the...
This is the first of my RENKO strategies and studies series. I'm developing some studies on Renko charts from a while and now is time to share the results. This startegy is based on this idea: to measure the "vigor" or strength of a price action and to follow it. I use Renko charts to identify the price action. The indicator will rise or fall when a price action...
CDC Action Zone alert with ATR to filter low volatility period
The Volatility Index measures the market volatility by plotting a smoothed average of the True Range. Based on HPotter's idea (), it returns an average of the TrueRange over a specific number of bars. Here the result is passed through the Fisher's transform and normalized to 0/1-range. This indicator may be used to identify stretches in the price movements,...
This is the version for cryptocurrencies of my scanner for forex majors The scope of this script is to work as a scanner of pin bars and engulfing candles of the crypto market. Best to use with time frames Daily and 4h, lower timeframes gives too many results and may be noisy without trend filter. Next improvement will be: - To display in a better way the...
The scope of this script is to work as a forex scanner of pin bars and engulfing candles of the majors. Best to use with time frames Daily and 4h, lower timeframes gives too many results and may be noisy. Next improvement will be: - To display in a better way the results, but actually you have to zoom in and out if some results are overlapping. - To add allarms...
This study draws LCS and HCR lines for multi time frames and helps to find important support and resistance levels on lower timeframes. Levels are based on close price and not low and high.
Magic of first four 15 min candle H/L with FIBO !! For Gainers : Stocks Trading above 38.2 % are expected to touch Day's High. Stocks Trading above 23.6 % are expected to make a new intraday High. (Tgt1 = 138.2%, Tgt2 = 161.8%).
Automatically adjusts fibo based on day H and L. H 37.8 % 50.0 % 61.8 % L try out, any issues feel free to ping ! Happy Learning ! - fpsint
52 Week High / Low Indicator A simple, unobtrusive indicator that can be used on any timeframe to display the 52 week high/low values. Features Works on any timeframe. Unobtrusive: Simple horizontal lines showing only the current 52 week values. Allows the user to select whether to calculate the 52-week values from candle close values or the...
Indicator version of designed for use with independent automation solution. Custom development published for customer verification and acceptance. If you are interested in development services, please visit the backtest-rookies website or message me to find out more.
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
BullTrading PA-MACD contains different algorithms based on price action to calculate and display the popular MACD indicator. It will display more relevant crosses without sacrificing much sensibility (use fractal entries).
Updated from V1. Chart the multi-day Volume Weighted Average Price ( VWAP ). Normally, the VWAP is tracked for the current day, from the first bar of the day (regular or extended session). The VWAP shows the current value of: -> sum(hlc3 * volume , barsForDay) / sum( volume , barsForDay), -> where 'barsForDay' is the total number bars that have elapsed during...
This indicator is everything you need to do Price Action Trading. It provides signals about: Inside Bars Pin Bars Fakey Pin Bars (background color red or green for bearish or bullish fakeys)