Moving Average Reversals Description: The Moving Average Reversals indicator gives a quick visual representation of when a stock gets extended up or down from a user selected moving average. The color of the histogram dynamically changes as price becomes extended or within it’s normal trading range. The indicator also highlights the largest extensions...
This original script was created based on a suggestion from @kerpiciwuasile. My original Reversal Points script was removed because I modeled it after an indicator by Demark, but this script will have no such issues. Reversal points are an exciting concept for me because it is such a useful tool when placing trades. This is my first attempt at a new overall layout...
If a big bar with high volume appears during an uptrend, this may indicate strong buying pressure i.e. the bar acts as support. vice versa, if a big bar with high volume appears during a downtrend i.e. the bar acts as resistance. How to use ? It is easy to use whenever the label appears on the candle's high (make sure the candle's color is Red for a bear...
This strategy very simple it detect the reversal of trend. whenever the candle settle above the 5 EMA without touching the candle body / Low / High to 5 Period EMA , it detect the candle and draws the signal. How Draw Signals on chart : Short Position : if Candle settle above 5 EMA without touching it body / low it will indicates the possibility of reversal...
Average Daily Range (ADR) (Multi Timeframe, Multi Period, Extended Levels) Tips • Narrow Zones are an indication of breakouts. It can be a very tight range as well. • Wider Zones can be Sideways or Volatile. What is this Indicator? • This is Average Daily Range (ADR) Zones or Pivots. • This have Multi Timeframe, Multi Period (Up to 3 Levels) and Extended...
This strategy is using Swing Failure Patterns as a reversion indicator. The strategy automatically adapts itself to the timeframe of the current chart. Swing Failure Pattern occurs when the price trend fails to set new highs in uptrend or meet new lows in a downtrend. This pattern helps traders decide when to enter and exit the market. Usually, traders enter...
Hello Traders, This indicator use the same concept as my previous indicator "CCI MTF Ob+Os". It is a simple "Relative Strength Index" ( RSI ) indicator with multi-timeframe (MTF) overbought and oversold level. It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily. There are options to...
Hello Traders, This is a simple Commodity Channel Index (CCI) indicator with multi-timeframe (MTF) overbought and oversold level. It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily. There are options to select 1-5 timeframes to detect overbought and oversold. Green Background is...
The Rainbow Oscillator is a technical indicator that shows prices in overbought or oversold areas. That allows you to catch the price reversal point. --------------- FEATURES --------------- .:: Dynamic levels ::. The indicator levels are divided into several zones, which have a fibonacci ratio. Zones determine the overbought/oversold level. Blue and green...
Relative Strength Index (RSI) is being used by majority of the traders to get benefitted based on the swings. But these swings are hard to Identify. This Indicator uses 4 major factors for finding the potential reversal points: RSI Crossover or crossunder Relative volume Overall volume against the moving average volume Relative closing of the candles ...
This script would find potential reversal price zones according to RSI over bought or sell condition and big reversal candle. It works better in range markets and lower time frames like 5M and especially in Support/Resistance zones. Suit for scalping in forex or crypto markets. * Use it as a trade assistant not a trade signal!
The Convolution Indicator was created by John Ehlers (Cycle Analytics For Traders pgs 170-174) and this is version of an indicator to find potential reversal points. The idea behind this indicator is to use a variation of his AutoCorrelation Indicator that transforms the data using digital signal processing and as you can see it looks very similar to his ...
This is a custom indicator of mine loosely based on the work by Steve J Godwin & Louisa C Schneider (Stocks and Commodities Feb 2021 pg 22) and this works pretty well at anticipating future price swings as the momentum falls. The idea I was going for was to introduce the idea of reversals in combination with a momentum indicator so you can better identify peaks...
The Folded Relative Strength Index was created by Richard Poster (Stocks and Commodities July 2021 pg 21) and this indicator provides both trend strength but also momentum and of course reversal points using the overbought and oversold markers. If the indicator line is above the mid line then this shows upward momentum and when it falls below the midline then this...
This Indicator will display dots when the stochastic RSI is either below or above the oversold/overbought threshold.
Alright so this is a script I made by combining two existing ones and making a really cool discovery that has proven very useful. You'll notice that there are two separate oscillators that are laid on top of each other. The background oscillator is my "Tip-and-Dip" oscillator which you can see here (will refer to this as TnD from here), and the foreground...
While trading, I noticed that emphasis is often placed on how far price has moved from the moving average (whichever a trader prefers). In these cases I also found that Bollinger Bands only sometimes played a factor in determining whether price had moved "too far" from the moving average to potentially result in a sharp move back to the average. Because I wanted...
Simple script to plot the Midpoint between the High and Low of day for intraday trading. This is a key level that is respected quite often. Very easy to trade bounces or breakthroughs.