Hello Traders! The innovative TRN Trend Bars are designed to help traders to analyze markets in an intuitive way. The TRN Trend Bars show bullish and bearish trends and reversals based on color coding the bars and give high probability trade opportunities. How does the Trend Detection work in detail? The trend analysis is based on a new algorithm that...
This indicator gives a visual representation of Dow Theory Price action based trend analysis and provides trader a table with 4 different timeframe to align with the trend. It will help traders identify if it is an ongoing Impulse Wave or a Corrective Wave. 3 rules for Bullish Price Action setup (Uptrend or continuation of existing UpTrend): Denoted by 'U' below...
Introduction Here, I modified the script "Trend Intensity Index" (TII) of @everyget. TTI was developed by M.H. Pee, who also published other trend analysis indicators like the Trend Trigger/Continuation Factor It helps to determine how strong the current trend is. The stronger the trend, the higher the chance the price may continue moving in the current...
█ This indicator shows an upper and lower band based on Highs and Lows. Depending on this, the indicator interprets a ranging market, an uptrend or a downtrend. █ Usages: The purpose of this indicator is to identify when the price is ranging. It's also used to identify changes in trends, breaking points, and trend reversals. But it can also be used to show...
Hi Trader, the "Multi-Timeframe Trend" indicator is one part of our holistic approach to identifying trading setups. It is one of many indcators of our dize indicator package and should always be used in conjunction with the other dize indicators. 💡 What is the MTF Trend indicator? Our "Multi-Timeframe Trend" indicator allows to view the trend on different...
Hi Trader, the "Market Sentiment" indicator is one part of our holistic approach to identifying trading setups. It is one of many indcators of our dize indicator package and should always be used in conjunction with the other dize indicators. 💡 What is the Market Sentiment indicator? The Market Sentiment indicator is a trend-following indicator. It visually...
A simple way to add up to 5 moving averages with optional crossover/crossunder alerts. Available options for Moving Average Type are: SMA EMA (default) HMA RMA WMA VWMA VWAP ALMA By default, 5 moving averages are enabled and set to the following: MA1 set to 5 MA2 set to 13 MA3 set to 50 MA4 set to 200 MA5 set to 800 Each moving average...
4 separate EMAs that are used to determine trend, colored appropriately to reflect the trend to make it easy to tell what the trend is. All 4 EMAs are not needed, you can turn each one on and off individually and the indicator will adjust itself accordingly. Having a single EMA will use the closing price to determine the trend. There are 2 different types of trend...
This script plots VWMA(ADX) vs EMA(DI+) under pre-set time frame. Feature: The Main Strategy is to look for potential BUY opportunity (Intraday trading, Session trading, Swing) when EMA(DI+) colored blue, entering upward into Green zone where ADX counterpart (default colored: Yellow) is also present. Formula plot is also helpful to understand upcoming...
The Vortex indicator is based on two trend lines that indicate an uptrend (VI+) or a downtrend (VI-) in the current market. This can be used to determine trend reversals or confirmations of current trends and directions. The number of periods is usually between 10 and 25. This indicator has 14 periods as its default value. You can adjust this value in the settings...
A simple but unique indicator to show ONLY whether there is an increase or a decrease in price compared to the previous value. Also includes a customizable SMA or EMA based "Smoothing Length" variable, allowing the indicator to show whether the SMA or the EMA of the price is up or down compared to the previous value. An offset option is also included if you...
Tipsy EMA v0.2a Coded by vaidab. A simple strategy to buy dips in an uptrend. How to use: - buy on trend when price retraces to the orange "buy" line and compound orders - sell when price reaches red line (stop loss) or at 💰 (take profit) Note that you can reverse trade on the 💰 sign for a short scalp / day trade. Uptrend: green/red...
This ADX indicator (Average Directional Index) tries to estimate the strength of a trend. The Average Directional Index is derived from the positive (+DI) and the negative directional indicator (-DI). The direction of movement is determined by comparing the highs and lows of the current and past periods. As soon as the indicator determines a trend strength for...
Trend Sniper is a trend-following indicator that sticks closer to the trend than others moving averages as it is using an upgraded weighted moving average implementation. OVERVIEW : It is typical to use a moving average indicator (SMA, EMA, WMA or TMA) to identify the trend of an asset. Standard moving averages indicators smooth the price and doesn’t stick...
Usage: The purpose of this indicator is to programmatically determine the type of price trend using technical analysis tools. You can do a quick check on the asset’s higher and lower time frames. For example, if you are trading on an H1 chart, you can check the m5 chart to ensure that the trend is in the same direction and similarly check the H4 chart to ensure...
I got the idea for a narrow Donchian Channel with a short lookback period which closely follows the price fluctuation in which the sides of the channel have a thickness according to the range of the last touching candle. Any channel, be it Donchian, Keltner, Bollinger Bands or Parallel, has an upside and a downside, touching the upside is a buy signal as this may...
Hello, dear friends. This script can be used for various strategies. Whether it's a scalp like now or more positional purchases. To determine the minimum and maximum, SAR ,resistance points, support points+HMA+ Bollinger channel are used. The entry occurs when the SAR intersects with the HMA , if it is above or below the support/ resistance levels. In the settings...
The Stacked Moving Averages indicator lets you see if a ticker is in an uptrend, downtrend, or no trend based on the condition of the moving averages. If the moving averages are stacked such that MA1>MA2>MA3>MA4>MA5, then that is described as an uptrend. If the moving averages are stacked such that MA5>MA4>MA3>MA2>MA1, then that is defined as a downtrend. The...