Introduction I already shared a method to estimate tops and bottoms (1), the number of parameters could lead to optimization issues so i tried to make a simpler method. In this method i use a simple rescaling method based on individual direction deviation. I will explain further details below. The Indicator I use as source for the entire calculation an...
Simple indicator to find pipe bottom and top patterns. Definition: - Pipe Bottom: - Positive Difference from Open and Close is greater than the average thickness of the last "x" candles multiplied by sensitivity "y" - The previous candle is red and the current candle is green - Trend Definition - (Trend for EMA length 'z" has a slope less...
Displays "spike days" by colouring the bars (Default: yellow for a Spike High and blue for a Spike Low) Spike Day's definition taken from Jack D Schwager's Book: A Complete Guide to the Futures Market: Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles A spike is: A wide difference between the spike high and...
Using Modified code from Lazybear's CVI 0.17% indicator and some logic, this script can help identify value buy and sell opportunities at a very early phase. Best used as a confirmation tool. This is a beta, so use it as such. Enjoy. Sometimes "top" indications in an uptrend mean to look for an opportunity to add to position while "bottom" indications during a...
This is a MACD divergence on 3 time-frames, 1h, 4h and 1D. Please insert the indicator into a 1h chart, otherwise change the lengths' inputs. you will see H1,H2, H3, R1, R2 and R3 in green and maroon colors. H means hidden divergence, 1 regards to 1h, 2 to 4h, and 3 to 1D. If the color is green, its bullish, and if its maroon the divergence is bearish. Gray...
This is my script for a spinning top. It is just another form of a doji. It is an indecision bar. Enjoy.
This is an experimental Indicator based on Momentum. Picks the Top & Bottom Candle for most Swing. Please post your opinion or suggestion to improve this indicator. I have not back tested this completely. This is recently developed Indicator.