I like trading the 1 minute and 3 minutes time-frames. I'm what is commonly called a "scalper". Long term investments yes, I have some, but for trading, I don't have neither the time, nor the patience to wait hours or days for my trade to be complete. This doesn't mean I discount the higher time-frames, no, I actually rely heavily on them. I found that EMAs do a...
This is a proof-of-concept indicator that combines several indicators to identify areas of support and resistance. This indicator is based on the theory that traders utilise a number of indicators to locate areas of support or resistance, such as moving averages, bollinger bands, fib levels, and so on. If the majority of indicators align at a given level, we know...
You define a time range (hours and minutes) and based on this, the indicator draws the price range (high / low) as a channel in your chart - projected into the future and, if desired, also for past days. You are completely free to choose the time range and NOT limited to trading sessions. In addition, further lines are drawn below / above the price range channel...
Simple RTG Trend Up or Down Indicator. Is the price going up or down? This indicator can help you quickly see which direction the price is going. The lines are based on major resistance and support pivot levels on your timeframe. Some information: Price trending up = Green line on the top with red line on the bottom. Price trending down = Red line on the top...
This indicator shows the breakthrough of extremes for the selected period. The default period is set = 3 The indicator checks on the current bar whether the maximum or minimum prices for the selected period are broken ---------------- Данный индикатор показывает прорыв экстремумов за выбранный период. По-умолчанию выставлен период = 3 Индикатор проверяет на...
Have been working on this script from sometime. Thought it would be right time to publish this now :) This is enhanced and combined version of two open source scripts. Auto-TrendLines-HeWhoMustNotBeNamed Divergence-Support-Resistence ⬜ Major Enhancements to open source ▶ Concept of drawing trendlines remains same. But, logic has been altered to allow...
The new and improved Support & Resistance Zones indicator is here. This indicator is based on high volume at fractal lows or fractal highs with the zones based on the size of the wick for that timeframe’s candle. This helps traders visualize which price levels are of the most significance for either reversals or continuation of the trend when zones are broken and...
Overview: This indicator takes (interactive) input from the user for support and resistance levels and plots important zones considering the other confluence levels in the indicator. Working of indicator: This indicator takes six input of Support/resistance level form the user It has following 32 confluence levels a.4 Recent positive Divergence levels (DN1,...
█ INTRODUCTION What is an OrderBlock? It is simply Price where Banks (or Large Financial Entities) have Bought or Sold heavily (Support or Resistance Institutional Zone). Our job as a trader is to monitor what the Banks and/or Large Investors are doing then patiently wait and have the opportunity to surf in their direction. Large Financial Entities Buy during...
Trend visualization tool in Wave theory. Unlike Elliot waves, it has a constant pattern length. The formation consists of impulse and 3 corrections. The script analyzes candle relationships in the currect trend, trend will be continueted until candle are not breaking trend rules. Currently it supports 2 rulesets/wave variants: Low - More sensitive (trend will...
DESCRIPTION Pythagorean Means of Moving Averages 1. Calculates a set of moving averages for high, low, close, open and typical prices, each at multiple periods. Period values follow the Fibonacci sequence. The "short" set includes moving average having the following periods: 5, 8, 13, 21, 34, 55, 89, 144, 233, 377. The "mid" set includes moving average having...
This indicator draws key level lines such as daily open, weekly open, monthly open, yearly open, previous daily open, previous weekly open, previous monthly open, previous yearly open, monday daily high and monday daily low to chart. This lines can act either support or resistance but it is just possibility. This lines will help you to find buy and sell places.
The script plots numbers from Cardinal & Ordinal lines of Gann square of 9 for a given range. Inputs required are the degree of cardinal or Ordinal line & Range Min & Max Number. For example, if we want to plot 45-225-degree Ordinal line numbers from Gann square of 9, on the chart for a range of 50 to 600, Input for the degree will be 45 & Range Min =50 / Range...
Gann relied heavily on geometrical and numerical relationships and created several tools to help with his work. Among these tools are the Square of Nine, Square of 144, and the Hexagon. The Square of Nine, or Square as we will refer to here, can be constructed in at least two ways. The static Square has the number 1 at the center and the dynamic Square has the...
Simple script that marks the prior month/week/day highs and lows for finding key levels.
I built this indicator as a personal request from a friend. He often trades using Heiken Ashi charts, but wanted a way to easily cross-reference real-price open and close values for the same timeframe on the same chart (as HA candles are by design lagging, they can take a few periods to catch up to a large move). This can also be used to help guide support and...
Version 1 (releasing new updates every 2 weeks The Sonarlab Liquid Script included a lot of indicators at once, so you have all the tools you need in hand reach. Features: 01_ Revision Band (Reversal Cloud) The reversal cloud can be used for many options. These zones can be great areas to take profit or find early entries to use alongside the confirmation or...
Combination of Donchian channels and sar. The donchian channels provides simple and easy data of support and resistances and SAR tells the price trend