Experienced traders always tell us that “Never trade against the trend.” or “Trend is our friend.”. Yes sure, no one wants to trade against the trend. However, there are a lot of trends with different types and cycles, then which trend to follow, which trend they are mentioning? This tool (also known as ALTT x16, Laser Net x16) will support us in identifying...
Heavily modified version of my previous "Relative Aggregate Strength Oscillator" -Added high/low lines, alma curves,, lrc bands, changed candle calculations + other small things. Replaces the standard RSI indicator with something a bit more insightful. Credits to @wolneyyy - 'Mean Deviation Detector - Throw Out All Other Indicators ' And @algomojo - 'Responsive...
Purpose of this Script The Lash Out Oscillator (LOO) is designed to indicate local tops and bottoms of the considered asset when the price considerably 'lashes out', based on normalized price deltas. It also features divergences that can be used for trading. The LOO is mainly used for Ethereum (ETH) and Bitcoin (BTC), but can in theory be used for every asset....
Renders the high and low values from previous days. Useful alert conditions are provided: "Less than low" and "Greater than high". Configuration: The number of days is configurable with a default of 1. The source of the high and low values. Use the close value instead of high and low values. Default is false. The example above uses 2 days to...