This tool was developed to accurately capture divergences. Back-testing has shown it's relatively more accurate in detecting all types of divergences (both hidden and regular). The tool is NOT to be used in isolation; it's best used in conjunction with moving averages (preferably the 20 MA); 1. The indicator background indicates bullish (green background color)...
This tool was developed to accurately capture divergences. Back-testing has shown it's relatively more accurate in detecting all types of divergences (both hidden and regular). The tool is NOT to be used in isolation; it's best used in conjunction with moving averages (preferably the 20 SMA); How to use 1. The indicator background indicates bullish (green...
Same as my protected script but you can now see the code This Study plots divergences and overlays a second %K as a fractal and changes the color of %D for the non fractal Option to use Stochastic RSI for Fractal Background Shading according to trend Feel Free to change the indicator values to suit your style / system The divergence script is thanks to...
The Range Action Verification Index or RAVI as it is commonly known is a trend detection indicator. When RAVI is greater than 1% for longs and -1% for shorts (FX setting), the currency is in a trend. The standard MA settings are 7 and 65 days for use on the daily chart, which are the cycles of 7 days and 3 months. For trading the hourly charts the moving averages...
The new version is completely revamped where you no longer need to follow a said system the system is now scripted into SHEAVY XV the strategy using all the previous variables in order to go long or short . i removed the RSI Candles as well as a few other things to clear up the screen and settings section so its not overwhelming Make sure you adjust your...
In essence this Renko trading system is the following: 1. Momentum based entries 2. Trend trading system (small losses, big wins) 3. As well as a trend continuation system ------------------------------ !IMPORTANT! ------------------------------ - You MUST have a Pro+ account. Why? Cause Renko NEEDS to run on 1min or 5min chart, nothing larger. If you...
Momentum based indicator various signals for various parameters bull/bear divergence will be seen as the dots with blue being bearish and yellow being bullish the red X and green + are top and bottom signals per TGX white flag appears respectably on top and bottom when all parameters are met bullshly or bearishly Watch for TGX to reset while it rest...
GTO is a easy to understand and use script it just uses candle closes and other variables to gauge momentum that is then plotted on top of the chart teal = bullish salmon = bearish you want them plotting while in your desired trade, if you are long and bearishness starts showing may be good toexit vise versa Red X is BULL fatigue or can other wise be seen as...
Using RSI I use a system that helps judge momentum based on price action and rsi based on plots cyan is bull yellow is bear cross over technique is used when 3 lines cross over or under, and you get two confirmed momentum signals in a row thats a confirmed entry long or short to close you want two or three momentum signals opposing your trade to flip...
USE INDICATOR WITH YOUR OWN RISK ANY OR ALL LOSSES/WINS WILL NOT BE HELD RESPONSIBLE BY THE CREATOR OF THIS SCRIPT. SHEAVY will give LONG/SHORT signals as well as their corresponding closing order Long - EXIT (yellow) Short - CLOSE (cyan) -------------------------------------------------------------------------------- Long + Yellow candles = MED-HIGH risk...
TOP GOON indicator Inverse Fisher Stochastic + Momentum If you know range rules you will love the TGI Midpoint+ is BULLISH Midpoint- is BEARISH Cyan+ EXTREME BULL Yellow- EXTREME BEAR Watch Cyan/Yellow to break for volatility new versions will be made and updated hear :) TG is shown on the bottom Momentum Index by @satoshiheavy is above that and on top...
The script was designed for the purpose of catching the rocket portion of a move (the edge of momentum). Long --When RSI closes over 60, take long order 1 tick above that bar. The closed bar above RSI 60 will be colored "green" or whatever color the user chooses. (RSI > 60) --On a long position, exit will be a closed bar below the ema (low, 10) . The closed...
Hi guys here is the new version of the Maxx Momentum. The Maxx Momentum shows when a trend may be losing strength and highlights squeezes with the direction they are likely to go. I have the colours made more predominant than the default I also am using the smooth momentum settings just below show histogram, see settings here = i.gyazo.com Other things to look...
What do you need turned off and on in the settings to have this exact setup? Bar colours transparency = 100% Lagging Span off Baseline off Conversion line off What is it? This trading strategy is an all in one. This means any additional parameters could make the set-up very noisy. I spent hours developing and back-testing the core of the whole method-...
CHILLYWILLY ChillyWilly looks for the momentum trades. ChillyWilly combines the 4 different well known momentum indicators to bring the best signals. ChillyWilly works with any kind of market state, any kind of trading, and any kind of asset. ChillyWilly has more features than any other momentum indicator in the market: Combining shorter term momentum...
This strategy is a Benchmark Trend trading strategy. I used it primarily to measure my private algorithms against. It works on a variety of instruments at intervals between 1m and 1d (you'll have to play with some of the ranged variables in these cases). It was primarily designed to trade the 15 minute interval on SPX derived products. S&P E-Mini contract...