TREND FRIEND is a custom built, data driven algorithm that gives buy and sell signals when many different factors line up together on a single candle. It is designed to catch every move so you can expect early entries and exits across all of your favorite markets. Use scalp mode for early entries with lots of signals or swing mode for longer swings with fewer...
This is a very important volume-price indicator for me. Displays the average cost of chips for the short term (30 days), medium term (60 days), and long term (200 days). Chip lines act as support and resistance. The longer the trend days, the greater the strength. usage: 1. Breakout: If the stock rises, it must be above the short-term chip line. And gradually...
The OrderBlocks indicator is used to find the supply and demand zones that represent the support and resistance. What it is Demand Zone? A demand zone is the price area at which the traders usually buy. This area is present below the current price, where the highest buying interest or potential. This means the demand zone has many buyers available due to many...
█ OVERVIEW The indicator introduces a new representation of the previous days, weeks, and months highs & lows ( DWM HL ) with a focus on untapped levels. █ CONCEPTS Untapped Levels It is popularly known that the liquidity is located behind swing points or beyond higher time frames highs/lows (in a sense, an intraday swing point is a day high/low)....
The trendline script is made for manual input of trendlines using point clicks on the chart. The script will then see if price respects these lines by the parameters you input in settings panel. On a respectable bounce it will print buy/sell arrows. The script also has functionality to send alerts, this is helpful if you want to automate trendlines . I created...
The trendline script is made for manual input of trendlines using point clicks on the chart. The script will then see if price respects these lines by the parameters you input in settings panel. On a respectable bounce it will print buy/sell arrows. The script also has functionality to send alerts, this is helpful if you want to automate trendlines. I created this...
This indicator is a sessions indicator that will plot the high and low of the previously closed Asia, London and New York sessions. Once the current session has closed, you will see new lines for that session be plotted for new levels to consider for the following trading period. The opening and closing of each session is a reactive spot for price action and can...
DONCHIAN FIBONACCI MODD VERSION This indicator is based on a Donchian Channel with Fibonacci zones based on high and lows of certain period . As one can see it clearly identifies the trend and it only turns aqua when its above a spefic fib level and turns red when below specfic fib level , this help traders by not talking long or short position while its in no...
This '4C Daily Levels Suite + Premarket High/Low' indicator is a clean way to automatically plot important daily levels including: Prior Day High Prior Day Low Prior Day Close 50% level between Prior High/Low Today's Open Today's Premarket Low+High This Daily Levels indicator is unique in its ability to: -Plot all of the daily level PLUS premarket high/low...
This script draws the High/Low range for a daily, weekly, or monthly periods. By default is set to weekly. Also it draws the open and close for each period, painting it in red if open greater than close, and green otherwise. You can forward shift ranges to see how current price action interacts with ranges from past periods. By default this is set to...
The candles you see on this indicator is the value open price, closing price, high, and low is converted to a selected index value. Select from selectable settings: rsi , cci , mfi , or stochstic The default indicator is set to cci . O_ = ta. cci (open,i_length) H_ = ta. cci (high,i_length) L_ = ta. cci (low,i_length) C_ = ta. cci (close,i_length) Like the...
This script is based on the bounce manager ATR script The S/R script is made for manual input of horizontal S/R lines, the script will then see if price respects these levels by the parameters you input in settings panel. On a respectable bounce it will print buy/sell arrows. The script also has functionality to send alerts, this is helpful if you want to...
Hello, my friends. This is a new version of the support and resistance indicator implemented by the fast clustering algorithm DBSCAN (1) Indicator description The indicator clusters key top and bottom points in the historical K-line to find support and resistance areas with a high probability of occurrence The clustering algorithm used for this indicator...
This indicator displays Fibonacci levels in a clearer way. That helps to identify Confluence and Agreement zones. Once the indicator is added to a chart, you must select the A-B focus points: In an Up Swing, the A-point would be the Low Pivot and the B-point would be the High Pivot. In a Down Swing, the A-point would be the High Pivot and the B-point would...
This Support and Resistance and Trend Channel indicator is based on: Stocks & Commodities V. 40:13 (20–22): Magical Midpoint Of 52-Week High & Low by Ketan Asher This indicator seems to work better over higher timeframes, as the article suggested. It also seems to work better with stocks, not so much with currencies. This may be due to the crowd psychology...
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...
ENGLISH FiboLevels uses standard deviation (a measure of market volatility). For me, more successful parameters were EMA, 500 days, showing levels 50 and 100. The standard RSI 14 indicator helps to determine the levels, you can use its values to navigate the levels if the price approaches any line, and the RSI is in the overbought or oversold zone, that is, there...
// How it Works \\ Calculating Previous Days, Weeks and Monthly open, high, low, close and vwaps Plots these levels on your chart // Settings \\ You can enable/disable any of the levels you want to see You can also change the amount of bars back the levels are plotted back to // Use Case \\ These levels are often used in different methods of Technical analysis...