VWMA/SMA Breakout and Divergence DetectorThis indicator compares four different values :
-Fast Simple Moving Average(SMA)
-Fast Volume Weighted Moving Average(VWMA)
-Slow SMA
-Slow VWMA
Comparing SMA's and VWMA's of the same length is a common trading tactic. Since volume is not taken into consideration when calculating Simple Moving Averages, we can gain valuable insights from the difference between the two lines.
Since volume should be increasing along with an upwards price movement, the VWMA should be greater than the SMA during a volume-supported uptrend. Thus, we can confirm an uptrend if the VWMA remains greater than the SMA. If the VWMA falls under the SMA in the midst of an upwards price movement, however, that indicates bearish divergence. The opposite is true for downtrends. If price is decreasing and volume is decreasing at the same time (as it should), then we can confirm the downtrend.
Interpreting the Graph:
If the slow SMA is greater than the slow VWMA, then the area representing the difference between the two lines is filled in red. If the slow VWMA is greater than the slow SMA, however, the area between the two is filled green.
If the fast SMA is greater than the fast VWMA, then the area between the two dotted lines is filled in red. On the other hand, the area will be filled green if the fast VWMA is greater than the slow SMA.
In addition to spotting divergences and confirming trends, the four lines can be used to spot breakouts. Typically, a VWMA crossover will precede the SMA crossover. When the fast VWMA crosses over the slow VWMA and then a SMA crossover follows shortly after, then it is a hint that a bullish trend is beginning to form.
Breakout
HV ID/ND4 BreakoutThis indicator is based on Linda Raschke's ID/ND4 Historical Volatility Breakout strategy. It finds days where the high and low are within the previous day high and lows (Inside days), that have also, the narrowest trading range within the last 4 days (it basically checks if the current day has the narrowest range comparing it with the previous 3 days) when the short term historical volatility (6 period default) is relatively low compared to the longer term historical volatility (100 period default) (The condition is that the 6/100 Historical volatility is below 50% of its annual range).
More information about how to trade this strategy is described in the book but basically, you would want to place a resting buy and sell stops at the high and low of the day highlighted and enter if you get filled the next day.
_SP(viaCM)_Opening-Range-FinalChris Moody's script. I just lessened the line/circle width, got rid of the highlighting overall, and reduced the highlighting between OR high and OR low.
Flagging BandsIntroduction
A pun between the word flag and the adjective flagging (less dynamic) , this indicator have two bands who react faster when in contact to the price. Imagine you are under sheets, if you abruptly rise, the sheets will instantaneously go up, then if you abruptly get down, the sheets will fall slowly until being in contact with a surface, this is because of a type of friction called drag or air resistance , this force is described in fluid dynamics and i inspired myself from that for the creation of the indicator.
The indicator
The indicator is made of two bands, one upper band and one lower band, then a weighted average of each bands, this average is weighted depending on which band the price is closer. The length control the period of the indicator, in general higher lengths will create wider bands, you must consider that this parameter behave differently than other ones and may create slower results in comparison with other bands indicators while having the same length period.
The indicator can use a simple breakout methodology (see trailing stop part) but can sometime provide support and resistance points, in fact i believe that when the average variability/volatility of band A is higher than the average variability/volatility of band B and that the price cross band B then price will reverse its direction, this claim is not justified, research is needed.
Trailing Stop Mod
It is possible to make the indicator act as a trailing stop, in order to do so just tick the trailing stop mod box.
The average/bands will automatically disappear being replaced by the trailing stop.
Conclusion
I was just playing around when making the skeleton of the indicator, i hope the code is easy to understand, if you need some kind of explanation just pm me, i'm always open to help people/receive suggestions.
Best Regards
52 Week High/Low to YesterdayThis script adds the 52 weeks (one year) high/low to the chart but it wouldn't update the value on the current trading day, so that it would remain at the same level for the whole trading day. It can come really handy for day trading the day of the 52 weeks high/low breakout/breakdown.
TradingCryptoCourse Support/ resistance BreakoutThis indicator looks for breakouts above and below the latest highs and lows.
Ichimoku A/D Breakoutthis is basically a clone of the super a/d indicator but we're using a standard ichimoku as the source for the trend instead of the supertrend indicator
Breakout IndicatorThis script allows you to set breakout alerts.
An alert will be triggered only when price breaks and closes beyond the specified prices. You will get an alert on the first candle that closes beyond the levels you set.
Trend Follower With Help of Donchian Channels - TFWHDCThis is a simple Day Trade indicator, but can be used for swing and long term trades.
It is based on Donchian Channels to detect trend and point out resistance or support breakouts using arrows.
The bars ared colored when a breakout occurs. When a resistance breakout occurs the current and the next bars are colored green (default) and when a support breakout occurs the current and the next bars are colored red (default). This way this indicator can show if its an uptrend or a downtrend.
I hope this indicator will be useful for many traders!
Thank you!
Breakout/Consolidation Filter [jwammo12]This indicator acts as a filter for determining recent breakouts and consolidations in price.
The first way to use the indicator is with a short lookback period. It then will paint yellow most of the time, with red marking a sharp recent breakdown in price and green marking a sharp breakout in price. This can be used to follow the breakout, or to fade it.
The second way to use the indicator is a long lookback period. This will change the output to be colored most of the time, with small sections of yellow. The yellow indicators areas where price has not made a large move in a while, or periods of consolidation. This can then be used to plan reversal trades, or follows any new trend.
The blue line is a Average True Range Percent Rank, when this value is high, it means that breakouts are less likely to trigger, since price has been moving rapidly recently, and a relative breakout would have to be a large move. When the line is low, breakouts will trigger more easily, since price has been moving relatively slowly
VWAP Stdev BandsCurrent price always obeys VWAP and is very useful for intraday traders. The Price will never go beyond the second deviation of VWAP at any point of time. The deviation bands are also very useful in predicting the volatility of the script.
Breakout trades can be taken based on the previous day's VWAP and it's deviations.
One can say that the stock has experienced breakout if current price crosses the fourth deviation of the previous day's VWAP or price bounces off that level, the price movement will be rapid if this occurs providing a good trading opportunity with low risk-reward ratio.
Supertrend A/D BreakoutModified Hoffman A/D:
1. uses standard supertrend to determine up/down direction (previous version used ema crossover)
2. uses improved A/D candlestick patterns
I'm optimistic about this one
Chop and explodeThe purpose of this script is to decipher chop zones from runs/movement/explosion
The chop is RSI movement between 40 and 60
tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored black, a series of black bars is tight consolidation and should explode imminently. The longer the chop the longer the explosion will go for. tighter the better.
Loose chop (whip saw/yellow bars) will range between 40 and 60.
the move begins with blue bars for long and purple bars for short.
Couple it with your trading system to help stay out of chop and enter when there is movement. Use with "Simple Trender."
Best of luck in all you do. Get money.
Hoffman A/D BreakoutStudy based on Rob Hoffman's Accumulation/Distribution Breakout strategy.
- Green circle on the top wick indicates a "Distribution" wick
- Red circle on the bottom wick indicates an "Accumulation" wick
- A distribution wick in an uptrend gets marked as a Key Resistance. This is marked with green crosses
- An Accumulation wick in a downtrend gets marked as a Key Support. This is marked with red crosses
- Breaking above the Key Resistance indicates a buy entry. This is marked by a green background.
- Breaking below the Key Support indicates a sell entry. This is marked by a red background
Breakout Scalper (Session)This is a twist on my on my Breakout Scalper strategy that limits trading to a user-configurable session
Find the original "Continuous" version of the scalper here:
The breakout scalper is based on "slow" and "fast" donchian periods. In this version, the "slow" donchian is in fact the Day's high/low. This important difference means that we will always be entering our trades at the day's high or low, so you are exposed to the price making new highs/lows but not to oscillations within the day's range.
Furthermore, the scalper is modified to only enter trades after the start of the user-configured session. Any open trades are closed at the end of the user-configured session. The default session is set to 10:00 AM to 3:30 PM because that's when I like to trade.
