Description This indicator is used to find support and resistance utilizing both buying and selling volume. It can be used on lower and higher time frames to understand where price is likely to reject or bounce. How it works Instead of calculating the VWAP using the total volume, this script estimates the buying/selling volume and respectively calculates their...
Description This indicator is used to find support and resistance utilizing both SMA and VWAP. It can be used on lower and higher time frames to understand where price is likely to reject or bounce. How it works Rather than using the usual calculation for the VWAP, instead this script smooths the volume first with the SMA and then respectively calculates the...
This is really a very useful indicator for price action traders who are watching the key areas for potentially high probable trade setups. This script can be applied to see the pre-market highs and lows for stocks, also today's high/lows, yesterday's highs/lows and after hours highs/lows too. You also have the option to turn on/off the highs/lows in the...
This script can be quite useful to get a quick glance at momentum readings in the 3 main timeframes I use: Daily, Weekly and Monthly. It helps, together with RgMov and the MTPC tool, to know how a market is moving and what to expect, without having to cycle through two or three timeframes constantly. Cheers, Ivan Labrie.
Range expansion signals including validation targets. This indicator plots the range expansion bar signals, and gives you a target and a timer for it. It's part of Tim West's methodology, which I use, and teach. If interested in learning more about it, let me know. Cheers, Ivan Labrie.
I removed the outside bar filter for range expansion bars. You will need Tim West's TW_UB indicator to plot those. It'll be more useful if you use both, since you can see when prices trend or consolidate visually by seeing the bar colors alongside the range expansions. Cheers, Ivan.
Hi, I updated the code to be able to use Tim West's TW_UB indicator, which helps a lot with seeing price waves, coloring bars that form new highs green, new lows red and inside and outside bars red. The indicator now only plots range expansion bars, with a triangle shape above or below each bar to make it visually clear. Hope you find this of use. Cheers, Ivan.
I coded this one using Tim West's concept of range expansion bars. It's a nice addition to switch back and forth when using his UDIO bars from the Key Hidden Levels indicator pack to analyze price action on a bar by bar basis. The indicator plots a red or green bar signaling strong buying on selling, which almost always implies continuation, or a good chance to...