The indicator shows the strength of the trend. Despite the fact that the formula is quite simple, it performs its functions well. That is its advantage.
The script is developed to find Divergence/Convergence for various indicators it counts number of Divergence/Convergence and draws arrow Arrow length changes according to number of Divergence/Convergence that means if there is Divergence/Convergence on one indicator then arrow length = 1 if there is Divergence/Convergence on two indicator then arrow length = 2...
this supertrend has 3 parameter value which is very efectfull.pls apply this and earn together
Simple RSI indicator with adjustable upper and lower mid lines. I created because I got tired of having to add them back when replacing drawings.
thanks to lazy bear for the initial scripting and the below instructions on TDI: Traders Dynamic Index =============================================================== This hybrid indicator helps to decipher and monitor market conditions related to trend direction, market strength, and market volatility . TDI has the following components: * Red/Green line =...
A very simple indicator using momentum as buy and sell entries. Alert can be set when price changes direction. Used with a linear regression channel and simple pivot points, anyone can enter and exit trades with relative ease and confidence. Once trend changes you can use the plot line as the initial Stop Loss (immediately after entry). Then use it as a...
A very useful tool where basic MACD calculation with a directional arrow is used to confirm the movement... Combine with a little candle reading knowledge or patterns and trading is much easier.. Green arrows mean upward momentum. Red arrows mean downward momentum. Arrows at the top of the pane signify a general uptrend, those at the bottom signify a current...
This indicator adds WAVE-PM overexpansion highlighting to CCI. This is a "lite" version of the script - it is limited to using just SMA and regular STDEV, resulting in a faster-loading and more stable indicator for general use. CCI and particularly relatively short-period CCI rollovers provide a useful entry signal when trading a volatility-based strategy, as it...
modified that upper band calculation based on high , lower band based om low , the mid line based on weighted(HLC/3) when green goo for long , when red go for short , modify the setting to suit the market you trading .
Scalper for detecting entries and exits. Based on multiple strategies.
VWAP OSCILLATOR plots the difference between shorter time frame vwap and longer time frame vwap. Preferred combinations are: Daily chart - Weekly and Monthly or Monthly and Quarterly Weekly chart - Quarterly and Yearly Whenever VWAP OSC is above zero, shorts should never be taken. Whenever VWAP OSC is below zero, longs should never be taken. However it can also...
RSI Indicator with the following additions: - highlighting the overbought/oversold conditions - show divergences
Phase 1: Ichimoku Cloud Phase 2: Dynamic Ichimoku Cloud Phase 3: Artificial Intelligence Ichimoku Cloud
𝙇𝙄𝙌𝙐𝙄𝘿 𝙅𝘼𝘿𝙀 🇸🇨🇷🇮🇵🇹 v0.1 -Unique LJS breakout/reversal system -Multi timeframe trend restricted trading -Renko, ADX, MAs -Risk Management, TP, SL More to come!
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...
This is connected to the MM alert. This adds a buy and sell signal on the upper chart when the stock is a buy or a sell.
Plot the current 10% drawdown from recent peak monthly closes (meant as a safety stop loss exit point, if week or month closes below the 10% drawdown level). Also show the current 6month and 200d SMA lines, which can be used as a re-entry point. Meant to be used with S&P500.