In many strategies, it's quite common to use a scaled ATR to help define a stop-loss, and it's not uncommon to use it for take-profit targets as well. While it's possible to use the built-in ATR indicator and manually calculate the offset value, we felt this wasn't particularly intuitive or efficient, and could lead to the potential for miscalculations. And...
Imbalance, this is a zone / gap created when the price move with force in a given direction. It identify a zone where the price could
potentially go back. This gives perfect targets for your trades.
Imbalance is created from the high and low of 3 candles. When the wicks the of 1st and 3rd candle does not fully overlap the middle one.
You can define the...
Confluence Zone Calculation for Support in Bullish Tends
(or Restance in bearish ones)
Ever wondered why sometimes the zag of an Elliot Wave zigzag is stopped after just a few points?
(Like in the given Chart where I draw a line for a typical zag action.)
It has often to do with confluence Zones. Most people think that the lower edge of a narrow range,...
The Target Price (TP) is according The Rule of Price Movement. It uses as Target Price for Intraday / Short-term Trader.
With these three categories of price:
1. Price less than RM0.20
2. Price in between RM0.20 - RM1.00
3. Price higher than RM1.00
Each categories with TP1, TP2, TP3.
If your budget is constant, the highest the stock price you purchased, ...
I am new to both Futures Trading and Pivots. Looking for shorter-term profitable opportunities, I have investigated the use of pivots from a higher timeframe. All the work of this script is performed using two lines. It calculates the pivot from the previous 2-hour bar and draws this pivot line on the 5-minute timeframe. Many many times, the price will reach back...
This is my first script, completely made from scratch. Bear with me.
Script that allows one to set an alert for Multiple Price Levels, on Multiple Tickers, complete with Dynamic Messages showing you which ticker, at which price, at which alert (Stop loss, Target 1 etc.), set to Once Per Bar.
Select Ticker, type in price levels that you have for targets & stop...
Our Indicator “Exhaustion Zones” offers an insight into the expected Volatility of any given Instrument applied to. Understanding Volatility is essential for using this Indicator. If you are familiar with the concept, then you will most likely find this indicator useful in your trading. If you are unfamiliar with the concept and are interested in this topic, then...
Simple breakout signal with POTENTIAL target price and stop loss / trailing stop.
Cycle begin with green bar signal and will end if price break above target or break below stop loss.
Volume test and pullback signal only appear within cycle period.
Few example :
This Indicator is a full trading system that offers setups with Entries and Targets and Trade Management. This indicator is very accurate because it uses advanced setup detection and filtering logic.
The setup is triggered if the price passes the blue dash. Do not enter the trade unless price passes the blue dash. Each setup has 3 possible targets, which are...