This indicator highlights deviations from broadening formations (or megaphone patterns). Deviations from broadening ranges can often foreshadow reversals, especially in consolidation phases. These deviations are highlighted via trendlines that change color when tested, and also have the option to be alerted. These broadening formations are heavily used with "The...
TTCATR: Triangular Trend Channel ATR is a script to dynamically create a trend channel. It uses Moving Average & the Average True Range function to calculate support and resistance levels automatically. The MA choices available are: SMA = simple moving average EMA = exponentially weighted moving average RMA = moving average used in RSI WMA = weighted moving...
Volume & price have a direct correlation with each other. If the fundamental value changes, the price changes and volume follows. If the technicals change, volume changes and price follows. Because the relationship between volume and price is so connected, I created a script highlighting important volume flow measurements. The VolumeFlow indicator combines...
As always, this is not financial advice and use at your own risk. Trading is risky and can cost you significant sums of money if you are not careful. Make sure you always have a proper entry and exit plan that includes defining your risk before you enter a trade. This idea recently came out of some discussions I stumbled across in a trading group I am a part of...
Shows basic pivot point of support and resistance levels. Will show alerts for break of sup. or res. Allows for a volume filter for sup. res. breaks as well. "B" means break of either a Sup. or Res. level with volume greater than the threshold. "Bull/Bear Wick" means bullish/bearish candle on break. Left - number of bars left hand side of the pivot . Right...
**Long Only Strategy** When Price drops below the ATR band below it will enter a buy on the next candle open SL at current price minus ATR* ATR multiplier TP at Mean EMA or if higher than Mean EMA and current candle low is below previous candle low or if price is above ATR NB: I would highly recommend a low fee broker (I use ICmarkets raw spread account) due to...
This stoploss allows to filter high volatility fake trends; But how we are made it; we are calculating the last spikes value average and calculating the standart deviation, after we added to the standart stoploss formula price+2atr and voila!! Your stop loss is ready. The idea behind this formula: what is explosing our stops? fake-out spikes. We think if we get...
I have created a peer performance dashboard for: 36 stocks from: 5 sectors of Nifty 100 This kind of dashboard is very useful for traders when they are planing to trade in a stocks and like to see how that is stocks is performing against other stocks in the same sector . Picking outperforming stocks will always give outstanding results when market starts...
█ OVERVIEW This indicator displays zigzag based on high and low, which is using user-defined types (UDT) or objects . █ CREDITS LonesomeTheBlue █ FEATURES 1. Label can be resized. 2. Label can be display either short (Eg : HH, LL, H, L, etc) and long (Eg : Higher Low, etc) 3. Color can be customized either contrast color of chart background, trend...
█ Moon Phases From LuxAlgo description. Trading moon phases has become quite popular among traders, believing that there exists a relationship between moon phases and market movements. This strategy is based on an estimate of moon phases with the possibility to use different methods to determine long/short positions based on moon phases. Note that we assume...
Refer to notes for instruction ===================================================================
The daily price range is a good proxy to judge an instrument’s volatility. I have combined multiple concepts in this indicator to display information regarding the daily price range & its volatility. A trading period's range is simply the difference between its high and the low. This script shows the daily high-to-low range of the price as a column chart. It has...
Setup 123 Scalper is characterized by a bottom (buy pattern formed by 3 candles where the 2nd has the lowest minimum) or a top (sell pattern formed by 3 candles where the 2nd has the highest maximum). It has a filter that only shows the signal when the asset is trending. Setup popularized by trader Alexandre Wolwacz (Stormer). Na linguagem do autor: O Setup 123...
With this indicator, we have taken McGinley Dynamic lines at Fibonacci lengths (3 to 233) as well as the average of these values, labeled the DFMG (Democratic Fib. McGinley). Additionally, these values have been inputted into a table overlay. The cross of the FibMG(233) and the DFMG can be used as a signal for long or short. The FibMG lengths of 3 and 233 are...
-input your own session time for custom 'daily' or HTF candles to overlay on your lower time frame charts. -based on ICT's notion of 'True Day'. -customize the HTF candles to any start/end time. -set lookback period/cutoff in days (i.e. backtesting vs only viewing recent price action). -option to toggle on/off custom opening price line. -works across all lower...
The Fibonacci Step Indicator assumes irregularity in calculating a moving average. It is measured as the mean of the previous lows and highs situated at Fibonacci past periods. For example, the mean of the lows from 2, 3, 5, 8, etc. periods ago form the Fibonacci step indicator. The indicator uses the formula for the first twelve Fibonacci numbers on highs and...
This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our 9th one is an automated version of the "I Tested The Best 1 Minute Scalping...
This is a smaller and cleaner version of my previous Relative Performance table. It looks at the rate of change over 1M, 3M, 6M, 1YR & YTD and displays those for the current chart's ticker vs. an index/ticker of your choosing (SPX is default). I also have some fields for the ADR of the displayed chart, how far away the displayed chart is from 52-week highs, and a...