The OTG Market Making Bot was designed with mean reversion trading in mind. It uses advanced ATR and other volatility formulas to create a set of bands that price should stay within. If price is testing the upper or lower bands then it is "extended" and a mean reversion back to the midline is likely. The indicator comes with two sets of reversion bands, by...
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...
This indicator is created on top of existing Zigzag indicator . The projection channel starts at the end of the last ZigZag line. Disclaimer Success in trading is all about following your trading strategy and indicators should fit into your own strategy, and not be traded purely on. This script is for informational and educational purposes only. Use of the script...
Exponential Moving Average Channel with projection forecast. Riding a bull run is almost always riding an EMA value. This indicator plots displaced EMA values guggesting possible sell targets. Disclaimer Success in trading is all about following your trading strategy and indicators should fit into your own strategy, and not be traded purely on. This script is for...
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.
Introductory Description: This indicator - oscillator (Scalp BLACK | WHATE script) from GenaAk which perfectly shows volatility and shows potentially the best entry points into a position. The higher the volatility is, the wider the bands are. Conversely, when price crawls up or down (low volatility ), the bands get narrower. After each narrowing, the channel...
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...
Dear community, Today I want to present you one of my favorite scripts for long-term Bitcoin trading. I'm publishing this script because I think it will help traders to become more profitable in the long-term. Consequently, this script is targeted at long-term investors only, since it can take years before the price goes from the green area to the red area. To...
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...
Working on official documentation at the moment! As soon as I have that ready I will update this description to incorporate that information. Basic knowledge: The clouds are differentiated by EMA lengths and distortion values Yellow: Short Term Red: Mid Term Blue Long Term I will get finalized documentation ASAP, until then, have fun backtesting and creating...