DepthHouse - Envelope OscillatorDepthHouse Envelope Oscillator is designed to show dynamic support and resistance, along with possible over extension.
The indicator has two main functions. The Standard function (top) and the Shifted function (bottom).
The Standard Function:
The oscillators outermost edges represent dynamic support and resistance. These points can often represent excellent buy and sell opportunities. Especially in a ranging market.
Anything below or above these lines often represent a possible breakout or overexertion in either direction.
The Shift Function:
This works very similar to the standard function, however this actually offsets the calculations x to the right. This can be an excellent tool for breakout traders. In many breakouts, the horizontal lines actually shift from resistance to support, and visa versa depending on trend direction.
With this function enabled, the user can designate the position of the horizontal lines, which adjusts the buy sell signals in the middle as well.
Signals Beta:
Both functions give possible buy and sell signals shown by the circles in the middle. The strength of the signal is shown by the circle size. The larger the circle, the stronger the signal.
This feature is in beta testing is not advised to trade off of.
How to get:
As you can see this is an invite only script. In the coming months this indicator, along with many others will become pay to use only. (website on my profile page)
However all my indicators will be FREE until AT LEAST May of 2018 . So please try them out!
To take advantage of this FREE trial
1. Subscribe to my YouTube channel. I have many more videos to come! Maybe even leave a comment of what you would like to see next!
www.youtube.com
2. Comment on this indicator post! Maybe even give me a follow :D
I hope you all enjoy!!
Resistence
X-LinesИндикатор X-lines давно известен для пользователей торговой платформы Metatrader 4 & 5. Он показывает интересные рынку цены (уровни поддержки и сопротивления). Индикатор работает без опоздания и как только бар будет закрыт по интересующей рынок цене, тут же над ним появится символ "X" и начнется прорисовка уровня до следующего важного значения . Уровни (цены) которые указывает индикатор являются истинно важными для рыночного процесса (по ним отрабатывается или отрабатывался в прошлом крупный объем сделок). Соответственно подобные цены в будущем могут быть целью торгового процесса и могут выступать, как поддержкой так и сопротивлением.
Настройка индикатора предельно проста, имеется возможность менять значение только одного параметра: Levels Power (сила уровней), по умолчанию значение равно 9-ти. Чем выше значение тем более слабые уровни показывает индикатор (соответственно уровней становится больше). В случае низких цифр индикатор показывает сильные и более важные цены (соответственно уровней становится меньше). Работу индикатора обеспечивает авторский алгоритм. Индикатор не строит уровни по вершинам цен или по краевым барам он автоматически и своевременно определяет отработку объема по цене закрытия бара тем самым обеспечивая практически 100% точность уровня.
Важно отметить, что в силу особенностей облачного языка PINE индикатор кое что потерял, а кое что приобрел. Для более удобной разметки уровней, просто расставите горизонтальные ценовые уровни соответственно показаниям индикатора.
English
The X-lines indicator has been long time known by users of the Metatrader 4 & 5 trading platform. It shows interesting market prices (support and resistance levels). The indicator works without delay and as soon as the bar is closed at the interesting price, immediately after that the symbol "X" will appear above bar and the level will be drawn to the next important value . The levels (prices) that the indicator showing are truly important for the market process (according to them, a large volume of transactions is processed or was working out in the past). Accordingly, such prices in the future can be the goal of the trading process and can act as support and resistance.
The adjustment of the indicator is extremely simple, it is possible to change the value of only one parameter: Levels Power, which default value is 9. The higher the value, the weaker the levels, the indicator (correspondingly, the levels becomes larger). In the case of low figures, the indicator shows stronger and more important prices (correspondingly, the levels are getting smaller). The work of the indicator is provided by the author's algorithm. The indicator does not build levels at the tops of prices or on edge bars, it automatically and in a timely manner determines the amount of work to be done at the closing price of the bar, thereby providing a nearly 100% level accuracy.
It is important to note that, due to the peculiarities of the cloud-based PINE language, the indicator has lost something, and has acquired something. For a more convenient level markup, simply place the horizontal price levels according to the indicator readings.
MA_FibBand_MTFMoving average of High, Low & Close with Fibonacci bands calculated from the average high and low. Four upper levels are to the power of 1.618, 2.618, 3.618 & 4.618. Four lower levels are to the power of 0.618, 1.618, 2.618 & 3.618. Included are a choice of time frames either current, semi-custom or fully custom allowing freedom to set any period you like which makes it great for historical averages. Adapted and expanded from Clarke Moody's MA_MTF i have tidied the script and included all CM's formulas although should be used in SMA or EMA i kept the other MA formulas for curiosity.
My preferred usage is to stick with 20ma and adjust the legnth of the period. Shown here is 20ema of 10day period.
More information can be learnt from 'endlessmountain' on youtube but only the very top and bottom levels are used with the High, Low & Close. Also i am not aware if this originates from any other source.
Thankyou to Clarke Moody and endlessmountain. Hope you like this tool.
