This is a custom indicator which helps with current trend analysis of lower and higher timeframes and also to know the daily levels of the script. Crafted for Intraday and Positional users, making their entry, stop loss and targets more precise.
Candle will be highlighted blue whenever a large move is about to happen
BlackPika X1 Algo is a successor to the original BlackPika Algo. It uses the following main elements: RSI ATR ADX Volume Chopiness Filter Trailing Profit Fixed Profit Trailing Stop loss Fixed Stop Loss Donchian channels and some more... The backtest you see includes a commision of 1% and slippage of 1 tick. and the start date is from 2015 All the above...
RSI based off Keikin Ashi may give a better indication of bottoms and tops
Simple. NYSE only. 0700am-1200pm only. 5 minute candles only. The code compares the cumulative volume of the current day to the 20 day cumulative average up to that same point in time. This is commonly referenced as the Zanger Ratio. The colors are based on the that version. Below 60 = drying up (grey) Above 60 = below average (orange) Above 80 = average...
A highly customizable yet simple to use volatility indicator designed for algorithmic traders in mind. Trend traders seek volume when entering a trade. Price action without volume is like a rocket without fuel -- it won't go very far. In the Forex world, the actual volume is unknown, however with a good volatility indicator, we can more or less predict...
Simple. NYSE only. 0930am-1130am only. The colors are based on the popular Zanger Ratio. The code compares the current volume (5m candles) to the average of precisely the same candle on the same day over the past 20 trading days. Below 60 = drying up / low (grey) Above 60 = below average (orange) Above 80 = average (pink) Above 120 = High (magenta) Above...
The indicator includes 3 VWAP ( Session, Weekly, and Monthly) giving more insight on what is happening on the larger timeframe. It includes volume spikes detector (1.5 * volume ) + detection of what is called spring box ( hammer or shooting star ) and Dojis This indicator is used to help follow the Belkhayate System taught by Mostafa BELKHAYATE.
This Trend Overlay helps identify areas where there's a strong bullish or bearish trend taking place. Use this overlay to help filter out moments to trade and moments to sit idle. Green Background - Bullish Trend Red Background - Bearish Trend No Background - No Trend Bars are also coloured Red or Green when it detects strong momentum on top of the normal...
So here's an updated version of my automatic Pivot Point detector. If you don't like having a bunch of Pivots on your chart at once, or having to cycle through various resolutions to see different ones, this is for you! What does this indicator do? It automatically detects the nearest daily, weekly, and monthly pivot points both above and below the current...
Simple Accumulation & Distribution indicator with the 21 and 200EMA plotted on it. Might be a useful tool in your arsenal.
This update includes the stop loss long and stop loss short adjustments as well as VWAP tuning into the STEM script. I tend to not use the VWAP tuning but sometimes the strategy script will benefit slightly from using it. The adjustment values make a huge difference, especially when using this on shorter time frames. The idea is to tweak the strategy settings...
This script plots 6 anchored vwap from the selected bars. The labels are only to help identify the starting points and can be disabled in the options.
Here is the update to the stem matcs strategy. Here are the additions to the strategy. 1. VWAP tuning 2. Stop Loss adjusting fields now act more appropriate in relation to the super trend values. 3. Split out the volume checks to individual values for short and long 4. A max loss setting. This needs to be adjusted to which security and position size you are...
Find the correlation between OBV and price. Basically, they should be correlated, but sometimes they are inversely correlated (less than -0.4). It was released because it seems to be in a phase for some reason. When the inverse correlation is over, it is possible to think about how to buy and sell for the time...