An idea I had today morning so I had to write. It seems to detect trends well. It has three phases like a semaphor, painting the chart bars of green, yellow or red. === Bar Color Meaning === Green: uptrend Yellow: don't care Red: downtrend I think it can be useful! Thanks!
Can be used on any timeframe. Gives you an idea of the overall trend. Idea courtesy -> @shane73 Red indicates - Downtrend Green indicates - Uptrend
This is a very frequent trading version of the Fletcher SushiRSI, targeted at BTC/USDT on the 45m timeframe using Heikin Ashi candle sticks.
Simple indicator with 3 SMA's and 2 EMA's. Very useful if you like using several indicators but don't have a subscription! Red, Yellow, Red -> SMA's Purple, Blue -> EMA's Feel free to customize the colors/widths!
◊ Introduction Introducing VRMI in this script, an RMI based on price movement and volume, to indicate bullish and bearish trends. This script marks the background depending on RMI <> VRMI , VRMI polarity and large buy/sell sprees. ◊ Origin Based on 'The Relative Momentum Index' by Roger Altman : February, 1993 issue of Technical Analysis of Stocks &...
This script can spot the candle to exit a trade it works only on 1d timeframe Do not trade the signal, just use it to exit the trade in profit (it's not a reversal signal) NO REPAINT - it' based on current candle close You can try it for a limited period, ask for access in comments
This indicator detects microtrend reversals based on crossings of the DMI+ and DMI- signals It indicates the trigger event on the chart as well as the reversal candle In addition to that it shows a countdown above the bars This is helping when multiple reversals occur. Important: when the Bollinger Bands are crossed in the previous bars it's possible that the...
I found myself using multiple bollinger bands a lot so I decided to add them all to one script and add the ability to adjust them by 0.2. It has helped me by not taking up as much space in the upper left corner as well as improving my in's and outs of trend continuation trades. If you manage to find a double top at +2 or greater deviation, and with a bearish...