To use this indicator click on "Add to Favorites". In your chart add it as you would any any other indicator. Version 1 of this script supports Buy/Long actions. *** This is a predictive indicator based off previous bars data, not current bars action. There is no such thing as a 100% correct indicator *** This is based on 9 day consecutive price action. Each...
Based on Thomas Bulkowski's top ranking small pattern: the Downside Weekly Reversal pattern. Add this indicator to your weekly charts. Blue bars represent weekly reversals and green bars following blue bars indicate an upside breakout. These are to be traded in a Bull market. Red bars following blue bars indicate a downside breakout. These are to be traded in a...
This is the Donchian Channel expressed with a percentage cloud. Default 12.5% of the range will be filled at each edge, this helps to show reversal possibilities as price returns to the area between the clouds. This offers a usage to essentially fade the turtle trader system. That system is loosely based on the playing of the breakouts of the the channel... as...
B3 Directional Trend Index ~ All about the trend! William Blau is the designer of this gem, and IMHO it is the best trend finder of all the lagging indicators out there I have tested. It is important to pay attention to the slope and thickness of the line, and its relationship to zero. A reversion to the zero may look momentous, but in fact it could reverse...
Blau's Ergodic Candlestick Oscillator = a decent trend finder, however slightly lagged. It can help you to see a reversal entry if you are looking for one. I find the one line ECO hard to use, so I have created this histogram version with a signal line. The colors help to show you whats going on with the ECO and its bias. This indicator shows up in a couple...