The VIX Fix measures how close the current market price is to the lowest price of the last X candles. When prices are in uptrends, the close is usually near the high. But prices close near the low in downtrends. It works because it’s based on how traders behave. The calculation fixes some of the problems with the VIX. This indicator is based on ...
Introduction The indicator attempts to implement the "Technical Analysis Starting Conditions" found in the 3Commas DCA trading bot settings. How is it original and useful and how does it compare to other scripts in the Public Library? This indicator is unique in that it's the only one (as of the initial publications) that can handle 5 signal indicator types...
The Percent Rank is naturally quite choppy. I therefor placed an EMA(3) over it and make the origin Percent Rank only slightly visible. I also add some boundaries. Note that the EMA of the Percent Rank looks quite similiar to the Connors RSI. Use it as the RSI.
Combination of RSI MFI & Separation between the 21W EMA 20W MA and 55W EMA 50W MA It's all you need to see the green
Introduction This indicator implements the Price Change Scalping (PCS) strategy specifically for the 3Commas platform. The Input settings have been redesigned to match the same inputs as the 3Commas My Bot Settings page. Only the "Deal Start Condition" section will echo the required PCS-related settings found in the original Price Change Scalping Indicator...
Introduction This indicator uses a price rate of change (ROC) momentum calculation to determine the percent change in price between a defined range of bars. The calculated ROC value is then compared to the Upper Threshold and Lower Threshold values to determine if a trade setup is to be activated. If the threshold is crossed, a trade setup will occur based on...
QaSH DCA Algorithm implements a DCA strategy that takes advantage of price volatility by buying dips to average down, and adjusting price targets as the break-even price gets lower. How does the DCA strategy work? When the specified entry condition has occurred, the indicator will set up several limit orders below the current price. If price goes up a specified...
It shows a percentage difference between close and 4-SMA, 20, 50, 100 and 200. As it turns greener, the stock is more expensive, and vice versa, it turns redder when it becomes cheaper relative to the SMA. It will print the green backgraound as long as the bar closes above the 200 SMA and red as long as the bar closes below the 200 SMA. It uses by default 1.3...
The TradeGuider VSA Lite package is designed for those traders who want to trade in harmony with the professionals (‘smart money’) and is based on Tom Williams’ Volume Spread Analysis methodology (VSA). It works in any market and any time frame. The trader can use it as a standalone toolkit to support their trading decisions, or in conjunction with other trading...
The Flow of Range is calculated by averaging the range for the given bars for the short term oscillations, then averaging the average to determine long term runs. Above 0 indicates bullish momentum, below 0 indicates bearish momentum. Notice the behavior of the market when the range is increasing and decreasing - both on the long and short term...
Hi everyone, I have developed a divergence system using RSI and Bollinger Bands. It contains a series of filters which are fine tuned to generate razer sharp entries. It works by first identifying divergence between peak 1 and peak 2. Peak 1 must have enough momentum and strength to Breach the Bollinger bands. Once these criteria are met, a white candle will...
- What Is Dynamic Momentum Index? - The dynamic momentum index is a technical indicator used to determine if an asset is overbought or oversold. It can be used to generate trade signals in trending and ranging markets. - The dynamic momentum index was developed by Tushar Chande and Stanley Kroll and is similar to the relative strength index (RSI). The main...
Vision Reversal Zones is our twist on Fibonacci Retracements to help identify areas of possible retracement. It's important to understand that in real-time the retracement levels of the past are not to be mistaken as retracement levels of the future. The goal is to provide yourself with an idea of general ranges you could potentially expect a retracement based on...
VIGÍA is the latest and current version of this weighted indicator that collects, combines and harmonizes the values of four other classic indicators: RSI, MFI, Bollinger Bands and Stochastic. It is a 2nd Generation indicator, as it does not base its algorithm on pure price data, but on its evolution (volatility, volume differences, power variations, cycle...
There are a million Forex Trading Session indicators out there, but I couldn't find one with all of the following requirements: 1. Automatically show the Sessions that actually affect the current pair (for instance, Tokyo session doesn't matter when trading EURGBP) 2. Editable colors or at the very least no distracting colors 3. Editable times for each exchange...
A Dons right Hand Standard Deviation is the game we are playing here -3 levels to show the strength of both buy/sell -Colors the candles based on signal (momentum) strength -Multi timeframe feature -Color candles for on chart confirmation ( with sensitivity the High you set it will only give you stronger signals) -Alerts for different level signals including 0...
This is the migration of the CandleVolatilitIndex from MT4. The indicator works as following: Step 1: The "Volatility Value" is calculated by applying a moving average to the change of the selected source (default: 10-Period-SMA applied to the change from last close to this close -> SMA(close-close , 10) ) Step 2: The signal line is calculated by applying a...
This script will add text to bars showing the price change of the bar as a percentage, both for open/close and high/low. It can be used together with Rate of Change to better get an idea of how the price moved at a previous point in time. Script uses labels for text, as there is a maximum limit of 500 labels if you want to study price movement for a specific...