//Programmed by Ruben Jaramillo
//WhatsApp +593 93 979 6676
//Quito - Ecuador
BUY = crossover(k, d) and k < 10 and d < 10
SELL = crossunder(k, d) and k > 90 and d > 90
TP 5 pips
SL 40 pips
Hey guys, this is a variation of Ichimoku using Fibonacci principles.
As you may know, Ichimoku uses in its calculations (high + low)/2 to calculate Tenkan-sen (Conversion line) and Kijun-sen (Base line) for different periods: Tenkan is a shorter period, so it reacts faster to reversals, while Kijun is slower, so it reacts slower, and it is...
This idea behind this indicator was to show an un cluttered view of the RSI on 3 different timeframes. The RSI for the current chart highlights Lime/Red when it crosses the Overbought and Oversold levels, which are editable in the Inputs tab. RSI 2 defaults to the 1h timeframe and prints a lime dot at the top of the indicator when it's above the 50 level and a Red...
The Projection Oscillator was created by Mel Widner (Stocks and Commodities Jul 1995) and this is another hidden gem that is of course a great complementary indicator to my previous Projection Bands . I would recommend to use both on the same chart so you get the full array of information. This indicator tells you where the current price falls between the bands...
Spiky Iguana Multi RSI Bands by RagingRocketBull 2018
This indicator shows multiple RSI Bands with prices corresponding to specified overbought/oversold RSI levels.
It is used to extrapolate the exact price levels currently matching a given set of RSI levels based on prior price/RSI levels action.
You can think of it as a reverse RSI where RSI levels...
The Parabolic RSI is a fusion between two of Welles Wilder Jr.'s indicators:
* The parabolic stop-and-reverse: A trend following overlay indicator.
* The relative strength index: A contrarian indicator bounded between 0 and 100.
The parabolic RSI applies the RSI formula on the parabolic stop-and-reverse which in turn is applied on the market price. The main aim...
I believe that everyone should monitor the basic indicators; EMA/SMA cross, BB and RSI on at least TWO timeframes before making any trading decisions. And because that is only possible on paid subscriptions, I created this indicator for people just getting started.
It allows you to plot all of the mentioned AND 2 weeklies of your choice on 1 chart INCLUDING a...
Okay so this is pretty simple, but I think it's a great tool for day trading especially. I just took the default VWAP and Keltner channel scripts and combined them together.
The top option allows you to choose which one you'd prefer to use, "Use ATR instead of VWAP" .
The next options, "ATR Source", "KC Length", and "ATR Length" are the parameters for the...
This indicator shows overbought and oversold zones. Can be used on all time frames. I personally use 15m - 30m.
How to apply ?:
- There can be many strategies for use! I use this indicator to buy an asset in the green zone and then sell it in the middle of the channel or in the red zone.
- I strongly advise against entering counter-trend positions in a growing...
Highlights Oversold and Overbought
Show Cross Line when the momentum ends
Same design of my previous indicators
Setting recommended for EURUSD:
Length = 14
Oversold = 68
Overbought = 32
Other markets try:
Length = 14
Oversold = 70
El indicador destaca cuando el mercado esta en sobre-compra o sobre-venta
Para una mejor visualización, marca...
The Mobility Oscillator was created by Mel Widner (Stocks and Commodities Feb 1996) and this is another of my ongoing series of undiscovered gems. I would say this is probably the most complicated script I have written for an indicator. It is extremely complicated to calculate comparing to other indicators but this is essentially an overbought and oversold...
Good evening folks!
Today I want to share with you a simple variant of the Stochastic-RSI built-in indicator.
Nothing too complex: by enabling the relative checkbox and setting the desired (k, d or the RSI ) source and timeframes, you can see higher timeframes data plotted on your screen.
Everything you need to do is enabling the indicator on the lowest...