logarithmic momentum oscillator you can buy if cross zero up , sell cross zero down or if cross up or down the signal (buy or sell) nice to see trends of larger picture
Lets you choose an EMA, then display multiples of that EMA transposed on the chart. By default use on weekly to see 1Y EMA as black line. EMA multiples are changeable mostly useable for high time-frames
Editable Fibonacci Pivots. 0.236, 0.382, 0.618, 0.786, 1.000. Easy to extend further if needed. Can be used with intervals from 1 minute to 1 Day. A Few Recommended timeframes: 1 minute chart - 15 Minute Pivot Timeframe 3 minute chart - 1 Hour Timeframe or Daily Timeframe 15 Minutes to < 60 Minutes - Daily Timeframe 1 Hour to 4 Hour - Weekly...
All levels and RSIs are calculated using Fib numbers. RSI hitting a Fib level is more useful than just hitting 70 or 30
- Pivot Point + extended gorizontal Lines - Easy to see the high and low points
It is considered the percentage of candles with low and high closure for a certain period. Then, a moving average is built from these values. When the moving average of the ratio of tall candles to low candles is greater than the ratio of low candles to high, then long (that is, when the green line crosses the red). And vice versa - a condition for short. It also...
This script was written to create a new, rapid relative strength index inspired by the Dow Theory. More info about Dow Theory : www.investopedia.com According to the Dow Theory, volume should confirm market trends. The correlation coefficient between prices and volume is negative in weakening trends and negative trends , positive in strengthening or positive...
Introduction Indicators settings have been a major concern in trading strategies, in order to provide the best results each indicators involved in the strategy must have its settings optimized, when using only 1 indicator this task can easily be achieved, but an increasing number of indicators involve more slower computations, lot of softwares will use brute...
4 EMAs With Colors(100,300,600,1000) To detect trend +ichimoku Cloud to have successful trading
4 Exponential Moving Averages With Colors(100,300,600,1000) With Colors To play with Scalper,Swing, intraday
10 Exponential Moving Important with colors
10 Simple Moving Averages With Colors change When It's below or above the price
Simple script to view Heiken-Ashi candles below a normal candles chart. Could also be useful for using HA calcs in strategy scripts on normal candles chart for proper backtesting. I adapted this to v4 from original v2 script by @samtsui. If you like please remember to give him a Thumbs Up for his original version! ->
A simple example script showing how to use label.new() to plot pivot prices on the chart. A full tutorial and commentary is available on the backtest-rookies website.