This is translated out of Technical Analysis of Stocks & Commodities, September 2010, (I take zero design credit). The script simply looks for the price action to break or "clear" the most recent action, and only changes the paintbar color if the action indeed clears the previous candles. Simple to use, just add to your chart from your favorites and change the...
Always buy wholesale, sell it all at retail. Similar to Squeeze Momentum Oscillator with simpler coding. Pair this with the 'Buy Low, Sell High Arrows' indicator
Uses a short moving average and Heikin Ashi price action for strength measurement. Enjoy. Heikin Ashi candles only!
Numerous small losses.... a few huge profits.... For Heikin Ashi candles only!
A very simple Ichimoku Cloud strategy. Buy when Chikou Span crosses above price. Sell when Chikou Span crosses below price.
Trend Continuation Factor indicator script. This indicator was originally developed by M.H. Pee (Stocks & Commodities V. 20:3 (58-64): Trend Continuation Factor).
Trend Detection Index indicator script. This indicator was originally developed by M.H. Pee (Stocks & Commodities V. 19:10 (54-61): Trend Detection Index).
An indicator inspired by the Renko chart.Instead of using a static box size we use standard deviation, this make the indicator more reactive to the market state. If the indicator show no values then you have to round the price to the nearest integer, for that use the round parameter. Hope you enjoy :)
This is a momentum, trend, as well as a divergence indicator. It is similar to CCI, though it is based on a slow and fast EMA in connection to ATR, which allows to interprete it easily. Both EMAs and ATR have customisable period. Further explanation and basic usage can be found in the comment section inside the script.
This indicator provides some base code for looping over data to identify swings in price action. Full code commentary can be found on the backtest rookies website. The indicator shall allow users to "analyse" a recent historical candle to detect whether it was a swing point. This will work by inputting a number to select which historical candle you want to...
Trend Intensity Index indicator script. This indicator was originally developed by M. H. Pee (06/2002 issue of Stocks and Commodities Magazine)
Trendscore indicator script. Originally developed by Tushar Chande.
Slight modification of Ehlers Early Onset Trend
◊ Introduction Introducing VRMI in this script, an RMI based on price movement and volume, to indicate bullish and bearish trends. This script marks the background depending on RMI <> VRMI , VRMI polarity and large buy/sell sprees. ◊ Origin Based on 'The Relative Momentum Index' by Roger Altman : February, 1993 issue of Technical Analysis of Stocks &...
52WLow - Plot the moving 52week low of the stocks daily price. Great for giving warning when a stock is close or about to break down to a new low. Best is used with a light red shading below line.
SuperTrend Multi Time Frame with Alerts. You can add long and short alerts for all supertrend viewed on the graph. The script plot 5min, 1H and D Supertrend. Enjoy!