Composite RSI is a new way of calculating the RSI. Unlike the RSI that is a sort of a momentum indicator, composite RSI2/9 is more a trending indicator. It tends to filter out insignificant price changes and seems to be good in identifying the underlying trends. This indicator shows the average RSI between two periods (default values are 2 and 9) considering...
Disclaimer: This base Script is derived and tweaked from Half Trend. But unlike halftrend, it doesn't repaint and signals come at different logic. Background: I was using this script and trading with this for a while. Few weeks back I had come across a similar Script being sold as premium in Tradingview for $100 per month. The seller has a lots of...
Overview Simple trend indentification indicator based on a mix of SMA & WMA components. Default settings built for the 1D chart with an optional 3rd fast MA that can be toggled. Can be used alongside more advanced Tradespot indicators Access PM me, our indicators come as a wider package.
Condition: Uptrend, EMA5 > EMA8 > EMA13 Downtrend, EMA5 < EMA8 < EMA13 EMA# input can be changed by user. Trading Plan: 1. Long in Uptrend when Price croseover EMA5; Buy EMA5 + 0.03 (Do not wait for close), initial stop EMA13-0.03 If it is a big...
GODMODE WAVES Basically used for Trend Direction purpose Indicator shows Trend direction depending upon price action Simple to use Blue/Cyan color shows Trend is Bullish Red color shows trend is Bearish Bands acts as support and resistance lable shows when the crossover happened Bar colors Red/Orange = Extremely over bought zone Green =...
The MTF Trend Scanner searches multiple timeframes to identify the outlook for that particular timeframe. The overall trend becomes stronger with confluence between the timeframes. However, the individual timeframe can be used on their own. When the colour switches red/green for the first, that mean it's the start of a new trend for that particular timeframe. ...
MATP prepared based on moving average lines to predict Short term, mid term and long term trends. B for Buy and S for Sell character printed to take position based on short term and long term trend lines . Call: Take Long (B) or Short (S) position when respective Char printed. Please do tune indicators values from setting based on your script to get accurate...
This is another indicator that I have created that is my favorite script yet for a weighted moving average. This indicator is very similiar to a classic weighted moving average but in this version I'm cubing the weights. It hugs the price very closely as you can see and of course buy when the indicator line is green and sell when it is red. Let me know if you...
Setup and hints: When price is above the PAC(blue bars) we are only looking to buy as price comes back to the PAC, when price is below the PAC(red bars), we are only looking to sell when price comes back to the PAC What we’re looking for when price comes back into the PAC we draw mini Trendlines (TL) utilising the Fractals and HH/LL points to guide your TL...
Automatic indicator of take profit levels for any time frame. It can be used as a visualization of resistance levels, when the lines are located next to each other, the price goes to the side where the levels are located more freely. If you have an indicator with signals, you can set take profit by levels.
The Correlation Angle Indicator was created by John Ehlers (Stocks & Commodities V. 38:06 (8–15)) and this is technically three indicators in one so I'm splitting each one to a separate script. This particular indicator was designed for trend termination and simply buy when it is green and sell when it turns red. Let me know if you would like to see me publish...
Algo Trader Swing Trade Tool is a script that detects the trend and determines entry into the market based on price action / strength. To detect the trend, the volatility metric is used and is based on 2 standard deviations, one fast and one slow. The value of the fast standard deviations, will allow the indicator to be closer to the price, else the metric will be...
This indicator is meant to detect big trends and the change of big trends. It does so using some fundamental rules of trend detection and determination. This indicator does not use moving averages for trend detection, but rather multiple features and functions to help better determine the trend direction. The background color will be painted red when the...
Hunt Sight Fire is a multi signal strategy script Offering up huge improvements, including multiple position triggers, derived from Bollinger Bands and Chande Momentum as well as our own bespoke stochastic ribbons that provide trend pivots . Profit Sniper now works with regular Japanese candles, however, it still provides the flexibility of Heiken Ashi settings...
Trender is a popular trailing stop indicator on the Bloomberg system and since I didn't have source code to work with, this is a close approximation of that indicator. Let me know if you spot any discrepancies and I will adjust accordingly. This indicator is a trailing stop system along with a trend confirmation. When the blue line falls below the black line,...
This is a custom indicator that turns my Mass Thrust Indicator into an oscillator which is loosely based on Tushar S. Chande's Market Thrust Oscillator (Stocks & Commodities V. 10:8 (347-350)) Let me know if you would like a custom script or if you want to see me publish any other indicators!
This is a custom indicator of mine that I based loosely on Tushar S. Chande's Market Thrust Indicator (Stocks & Commodities V. 10:8 (347-350)). Buy the stock if the indicator is green and sell when it turns red. Let me know if you would like to see more scripts or if you have custom requests!
This study is usefull for who follows the rules of "Laura's RoadMap" trading strategy. If someone doesn't know what I'm talking about, google it because I cannot post link here. It could be used for scaliping too. Basically, the rules are: - Open only in direction of Multitimeframe SMA200 - EMA high/low channel shall be above(buy) or below (Sell) SMA200 -...