Hello all .. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
Hello all ... this is the source trendline of the three pivots with adjustable resolution and length function to find a breakout or breakdown
We bring you dynamically created fundamental support and resistance analysis required for any instrument a trader trades. Support & Resistance Concept The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis . As part of analyzing chart patterns, these terms are used by traders to...
This script is specially developed for the reference of Crude Palm Oil Futures ( CPO ) market traders. Before using this script, traders need to know a few important things, namely: 1. Use of this script is limited to the Crude Palm Oil Futures ( CPO ) market only; 2. The appropriate time-frame for the purpose of using this script is 30 minutes. Procedures for...
About Pivot points- Pivot points are one of the most powerful indicators used in Technical analysis . It is comprised of a pivot line surrounded by a series of support and resistance levels which helps in speculating the price movements. The fundamental idea behind this indicator is that the particular day’s trading range captures everything about the market...
About Virgin CPR- If the price levels for a particular timeframe do not touch the CPR levels of the same timeframe, then that CPR is known as Virgin CPR . There are a variety of ways you can use CPR indicator for your trading decisions. 1. CPR Breakout 2. CPR Width 3. CPR as Support and Resistance 4.Interpreting overall trend through CPR About this...
This is an intraday indicator. The Average Range is a simple concept, calculated as the difference between highs and lows averages over some period. This Indicator provides an Average Range of Daily, Weakly, Monthly upper and lower level daily. It can be useful for helping guide support and resistance , for taking profits and for placing stoploss.
HSRL provides an indicator of how support and resistance are changing over time. It calculates the percent change in lows, and percent change in highs, then plots them. The HSRL is calculated as the support change - the resistance change. Can be effective in confirming trends, with green being the most bullish, yellow being semi bullish and red being a bearish...
Congestion zone include at least 3 candle sticks that the next candle has an opening and closing price within the previous candle When the price returns to the congested zone there is a possibility of a reversal The congestion zone is used as a support-resistance area and is used by price action traders. This script will highlight congestion zones, this will help...
This indicator indicates that 'Momentum Discrepancy Reversal Point' = 'MDRP'. Mixing and modifying several general indicators to find support and resistance It is created to predict the change point of the trend by overlaying it on the chart. The 4 support and resistance lines are drawn live, and the changed support and resistance lines are It erases the line and...
This is dual band dynamic S/R indicator It works on longger swing than BB 20,2 band rage, and I think It works well. even on the rapid price change, it quite woks well. If price goes out of 1st S/R band range, 2nd S/R band shows up on the chart. Because of large bandwidth, An area in which an actual candle is drawn may be displayed as small. So, with some...
This indicator is used to plot the previous high and low of the chosen timeframe along with the Fibonacci levels of 0.50, +/- 0.618 and +/- 0.786. Provision is given to plot levels for three different time frames at a time. Options are given to select/unselect the levels as per the user requirement. For plotting the Fibonacci levels of a specific period, user...
* This Indicator is based on Demand and Supply Zone Strategy. How does this Indicator Works ? 1. This Indicator Provides Option to choose the Cashflow type, which you wanted to trade in next session, like Daily Cashflow, Weekly Cashflow, Monthly Cashflow, Quarterly Cashflow, so that Indicator does not mess in other timeframes except chosen...
This indicator indicates that 'Momentum Discrepancy Reversal Point' = 'MDRP'. Mixing and modifying several general indicators to find support and resistance It is created to predict the change point of the trend by overlaying it on the chart. The 4 support and resistance lines are drawn live, and the changed support and resistance lines are It erases the line and...
This indicator, based on the ATR, allows you to identify the potential reversal on price and helps you identify the Support and Resistance. When the price moves far away from the multiple moving average, the background color changes : - Red for Short potential entry - Green for Long potential entry There are 2 ways to use this script : - Conservative : Use it...
1. Vegas channel The Vegas channel indicator is very effective as a short, medium and long-term trend observation indicator, and it has obvious support and resistance functions. 2. EMA200+MA200 Usually ema200 or ma200 is used as a watershed for fund institutions to evaluate the long-short trend of a stock trend. 3. Big volume box Big volume is often used as a...
Hello, my friends. This is a new version of the support/resistance indicator based on heavy tradings, which can help you find key price regions. (1) Indicator description This is a more robust support/resistance indicator than "Support/Resistance DBSCAN"; Typically, the starting point of the upswing/ downswing can act as a more robust support/resistance...
If you want to be alerted when a price closes above or below a given level(s), then this indicator is for you! 😁 Whether you're looking for a breakout, or some change of structure, etc, this should come in handy. Usage: Just add a level(s) (anything above 0). Optionally plot lines. Set alerts as normal. Enjoy!