Dear Traders, here I introduce my favorite indicator for find the trend channels with their primary, secondary and tertiary trend channel. Every channel develops themself without any drawing tools. The best way to trade with this indicator is to trade breakouts from consolidations. Consolidations (correction waves) you see, if the smaller trend is opposite...
my english is not good for explanation, you can try and understand automatic start finding by given length. draw automatic fibo. from lowest to highest. or from highest to lowest.
This indicator/tool (Auto Fibo) draws Fibonacci Retracement Levels automatically on chart. The algorithm of the Indicator Plots the extreme points and puts the retracement levels in order by itself with 100% sensitivity. The key point is that to arrange the length of the "Days Back" to arrange the correct extreme points. Like the other auto plotting tools, the...
// Fixed error message "Index should not be negative(-8)" // // @author lonestar108 // study(title = "3/9/27/9 Zero Lag EMA / EMA / Pivots / Dynamic Support", shorttitle="3/9/27/9 ZLEMA/EMA/Pivots/Support", overlay=true) src=close lengths=input(3, title="Short Period Length") length=input(9, title="Fast Period Length") length2=input(27, title="Slow Period...
Indicator currently allows pivots from two time frames (ideally a trading time frame and a higher time frame) to be specified. In the example, the 1H time frame is being used for entries using the 4H time frame (8 candles pivot width = 2 4H candles) as the trading time frame and the daily chart (48 candles pivot width = 2 daily candles) as the higher time...
Murrey Lines based on Daily Chart with Fibonacci levels in between the daily Murrey Lines. Please attach to 1Hr chart to have the right configurations.
Extremely experimental. Invite only.
Octaves double from one octave to another, so start with octaves beginning with the number one, for example: 1 doubled is 2, 2 doubled is 4, 4 double is 8 and then we go on to this sequence: 1,2,4,8,16,32,64,126,256,512,1024,2048,etc,etc Find one of the numbers near a range, so for example on this chart Ethereum was trading at 190.31. That price is in between...
As requested, here is a quick and basic strategy version of Lazy Trader for those who wish to play around with backtesting. I normally only use Lazy Trader with BTC on the daily chart but because I'm getting lots of people message me asking if it can be used on lower time frames and with other pairs, I've got the demo chart / screenshot showing an example of just...
The X-lines indicator has been long time known by users of the Metatrader 4 & 5 trading platform. It shows interesting market prices ( support and resistance levels). The indicator works without delay and as soon as the bar is closed at the interesting price, immediately after that the symbol "X" will appear above bar and the level will be drawn to the next...
You can see all yearly, monthly, weekly and daily with this indicator automatically that they're usable for supports and resistances
Trend Friend V.1. -The Trend Friend indicator is tuned for 1 HOUR timeframe (BTC) only to capture the overall trend. -Signals are meant to be possible entries and profit taking opportunities -No strategy is 100% -Fib Band width can be adjusted for instrument and volatility ABOVE BASIS (Uptrend) Long signals = buy and hold bias Short signals = take...
This is a new way of interpreting Pivot and Support - Resistance levels. The calculations for the levels are completely different from all the current pivot types, based only on previous close and ranges.
Identifies areas with highly oversold conditions, leading to a high probability of a bounce or trend reversal. Does not include sell signals.