The RSI Trend Transform indicator is a dual-concept indicator that transforms volume data and price data into two different RSI values, which can then be used together to determine trend strength and momentum. The volume RSI does not use any price data in its calculation - it is purely a transform from nondirectional volume into a directional indicator. The RSI...
HELLO: -This indicator is a waaaay simpler version of my other script - Moving Average-TREND POWER v1.1-(AS). HOW DOES IT WORK: -Script counts number of bars below or above selected Moving Average (u can se them by turning PLOT BARS on). Then multiplies number of bars by 0.01 and adds previous value. So in the uptrend indicator will be growing faster with every...
0)NOTE: This is first version of this indicator. It's way more complicated than it should be. Check out Moving Average-TREND POWER v2.1-(AS), its waaaaay less complicated and might be better.Enjoy... 1)INTRODUCTION/MAIN IDEA: In simpliest form this script is a trend indicator that rises if Moving average if below price or falling if above and going back to zero if...
The Powertrend is a range filter that is based off of volume, instead of price. This helps the range filter capture trends more accurately than a price-based range filter, because the range filter will update itself from changes in volume instead of changes in price. In certain scenarios this means that the Powertrend will be more profitable than a normal range...
The Advanced Exponential Smoothing Indicator (AESI) provides a smoothed representation of price data using the exponential smoothing technique. It helps traders identify the overall trend and potential reversal points in the market. SETTINGS Length: The number of periods used for the calculation of the exponential moving average (EMA). Higher values provide...
This script is a Fully Automated trading script meant to be used with "Oanda" broker and the plug-ins for algorithmic trading automation.( FOREX ONLY) This script is meant to capture "TREND FOLLOWING " for intraday charts (1hour) preferably and will hold for days / weeks .trading on forex markets. (The combination of indicators includes a short high and low price...
The "Smart Trend Envelope" indicator is a powerful tool that combines the "Nadaraya-Watson Envelope " indicator by LuxAlgo and the "Strongest Trendline" indicator by Julien_Eche. This indicator provides valuable insights into price trends and projection confidence levels in financial markets. However, it's important to note that the indicator may repaint,...
The primary objective of this indicator is to identify and draw significant trendlines based on pivot points. These trendlines can help traders make informed decisions by providing a visual representation of support and resistance levels in the market.The script consists of several input parameters, functions, and variables that work together to create dynamic...
The Stochastic Zone Strength Trend indicator is a very powerful momentum and trend indicator that 1) identifies trend direction and strength, 2) determines pullbacks and reversals (including possible entry/exit conditions), 3) works on every instrument, and 4) can filter out ranges. I have some examples below on how to use it to its full effectiveness. It is...
Introducing the "Dodge Trend" indicator, an innovative variant of the Supertrend indicator designed to help traders better avoid fakeouts and maintain positions in established trends. Like the Supertrend, the Dodge Trend uses Average True Range (ATR) but incorporates a unique adaptive adjustment feature that differentiates it from its counterparts. While the...
█ Overview The Trend & Pullback Trading Toolkit is an all-encompassing suite of tools designed for serious traders who want a comprehensive trend approach. It empowers traders to align their strategies with prevailing market trends, thereby mitigating risk while maximizing profit potential. The Toolkit helps traders spot, analyze, and react to market trends,...
OVERVIEW The Prevailing Trend indicator is a technical indicator that gauges whether the price is currently trending up or down. The purpose of this indicator is to call and/or filter with-trend signals. CONCEPTS This indicator assists traders in identifying high-probability trend entries. The upper line (blue line on the indicator) is calculated by taking...
ChanLun, also known as Entanglement Theory or "缠论", is a highly regarded technical analysis methodology that originated in China. Since its introduction in 2006, ChanLun has rapidly gained significant attention and a strong following within the Chinese trader community due to its exceptional ability to navigate complex market dynamics. ChanLun places great...
MTF Fusion PSAR intelligently adapts to whatever timeframe you're trading - dynamically calculating Parabolic SAR (Stop and Reverse) levels combined from four appropriate higher timeframes to give you a much broader view of the market and an edge in your trading decisions. It is the third indicator in our MTF Fusion series, and leverages our MTF Fusion algorithm...
🧾 Description: A nexus is a connection, link, or neuronal junction where signals and information are transmitted between different elements. The MTF SuperTrends Nexus indicator serves as a nexus between MTF SuperTrends by facilitating the visualization of up to eight multi-timeframe SuperTrends, each with its own customizable timeframe, period, factor, and...
Trendline Pivots The Trend Line Pivot Indicator works by automatically drawing and recognizing downward trendlines originating from and connecting pivot highs or upward trendlines originating from and connecting pivot lows. These trendlines serve as reference points of potential resistance and support within the market. Once identified, the trend line will...
nNouSign ☆ Welcome to a path to trading success in the world of trading, where fortunes are made and dreams come true. But amidst the excitement and possibilities, there lies the challenge of deciphering the market's complexities. Fear not, for we present to you the ultimate weapon in your trading arsenal: the nNouSign indicator. Prepare to embark on a...
--- Ichimoku Z-Score Stochastic Oscillator with Kumo Depth Analysis --- Script Overview Welcome to the Advanced Ichimoku Z-Score Stochastic Oscillator with Kumo Depth Analysis. This unique strategy is designed to provide a comprehensive, multi-timeframe trading view by leveraging the Ichimoku Cloud, Z-Score, Stochastic Oscillator, and an innovative implied...