Todays Script uses 5 Moving Averages with the new function on V5 called fill, we can now colour fill between moving averages. 9ema 20ema 50ema 100ema 200ema 100-200ema which is labelled in Redis where the big impulse moves will fall into if the pressure is so strong on the opposite of the trend. 50-100ema which is labelled in Blue is where price could be heading...
Double RSI, fast & Slow. This indicator is intended to track trends based on RSI with a threshold for proximity. Oversold, overbought channel. Threshold for proximity. Color coded line values.
Shows Fibonacci waves for a long range and Fibonacci lines for a short range. For me it helps to identify key levels or confluence on the macro and micro range. In the example above you can clearly see that the macro waves are in a down-trend while the micro lines are in a up-trend.. Also the price has been rejected at the 78.6 fib mirco line but found support...
The Smarter MACD displayed as a band instead of an oscillator. A classic MACD with average peak and dip lines. The lighter green and red horizontal lines are the average peak and dip of the entire span, respectively. The second, bolder of the two lines are the averages of the peaks and dips above and below the overall peak and dip averages. The filled in color is...
My first strategy script that uses Bollinger Bands and Martingale to increase contract size after negative profit.
This indicator highlights points where price significantly deviates from a central level. This deviation distance is determined by a user-set value or using a multiple of a period 200 Atr and is multiplied by successive values of the Fibonacci sequence. Settings Method: Distance method, options include "Manual" or "Atr" Size: Distance in points if the...
What it is: A twist on the DMI and ATR indicators. How it is calculated: What you see is a basic 14-period EMA calculated based on the opening price of the candle. Extending from this base is the average true range, showing the expected realistic movement in that direction. How you may interpret what you see: Extended movement outside of those bands...
The Titan Engulfing Retracement Zones indicator detects Engulfing Candlesticks on a higher user defined timeframe, and uses that event to plot retracement and extension levels on the chart for ease of users' chart reading and trade execution. The four retracement levels, two of which delimit the target entry zone, and another two delimiting the target exit zone,...
█ OVERVIEW Based on TradingView's Rolling VWAP (RVWAP) indicator, this indicator includes the option of plotting lines for the first and second standard deviations of the RVWAP, which some traders like to use for entry/exit decisions and support/resistance. █ HOW TO USE In the Style tab, use the checkboxes to enable or disable the plots. By...
Clouds based on Linear Regression Band. A cloud forms if the linear regression channel is fully on one side of the channel on higher time frames. The cloud represents the gap between the upper/lower channel and the baseline on the higher time frame. The higher time frames have 2x, 4x and 8x the length.
K's reversal indicator I is a special combination between Bollinger bands and the MACD oscillator. It is a contrarian indicator that depends on the following conditions: • A buy signal is generated whenever the current market price is below the 100-period lower Bollinger band while simultaneously, the MACD value must be above its signal line. At the same time,...
Rationale The rationale behind this indicator is that: when the price of an asset reaches an extreme, regardless of the trend, there is a (maybe not equal but) opposite reaction. Settings The default settings will not be the best for whatever timeframe you choose. I personally believe a longer than 'normal' JMA Length is best. JMA Source: The source in...
EMA (Exponential moving average) often acts as dynamic support and resistance and trend detector and the further price is away from ema the more it has chance to reverse, hence percentage levels gives a range to exit your trades. *choose your favourite timeframe and EMA length , alter percentages as you wish to generate Take profit levels thank you.. Happy Trading.
I was watching some videos about price action and saw one covering the behavior of institutions and how it is agressive and defensive in some level of percentage of changing in price. Curious, I wrote this script and it is realy interinsting how the price is kept or cross some levels. In this script I chose the 0.25% change as default and 3 EMA of 8, 34 and 144...
Often used as a dynamic stop loss management tool, this indicator: Takes a source series as input, e.g. a moving average, or close prices. Draws configurable channels, some percentage above and below the source series (e.g. for long vs. short stop losses) Since long vs. short trade profiles can be different, differing percentage inputs are allowed for...
Bollinger Bands are mostly used for trend reversal. I believe they should be used for Trend Continuation and Trend Confirmation. In this Trending Bollinger Bands script you will see two bands drawn on chart. The Upper band is suggestive of Uptrend and Lower Band is suggestive of Downtrend Market. It just provides the guidance of where the market is now and...