T3 Moving Average indicator was originally developed by Tim Tillson in 1998/99. T3 Moving Average is considered as improved and better to traditional moving averages as it is smoother and performs better in trending market conditions. It offers multiple opportunities when the price is in the state of retracement and therefore allows to minimize your exposed risk...
This script is similar to the "Hi-Lo" or "Clear" methods of painting bars. Instead of using the tips/edges of the candles like those two, the "(H+L)/2" method uses the change in (high+low)/2 to paint the bars. This gives you some similar results if you were to be binary with the candle coloring. However, my coloring scheme is not entirely binary. There are 5...
Keltner Channel and RSI use together. They tell us when the trend will turn. Fave fun!!
The related article is copyrighted material from Stocks & Commodities. Strategy by HPotter. WARNING: - This script to change bars colors.
BITFINEX:ETHUSD Description: Mixing three Simple Moving Averages (7 - 20 - 65) to determine "uptrends" and "downtrends". Uptrend: When the 7 Line is upper than 20, And 20 Line is upper than 65 that usually means the price is trending up. Downtrend: When the 7 Line is lower than 20, And 20 Line is lower than 65 that usually means the price is trending down.
An easier to read implementation of ADX and DI, with colour indicating direction of trend, oscillator indicating strength of trend, and below threshold shown with a lack of colour (black).
The indicator gives a multiplication of ADX and the DI+ and DI-values, color coded for bullish or bearish momentum the indicator was optimised for use with HA-candles, but works with regular candles as well and shows general market direction en divergence in a simpler visual way than the normal ADX-DI lines a threshold mask can be shown or omitted as...
Linear Trend Follower follows 'source' trend using lines within a number of periods ('length') using the last n periods source variation divided by 'length' as line slope. It is delayed by 'length' periods.
This is translated out of Technical Analysis of Stocks & Commodities, September 2010, (I take zero design credit). The script simply looks for the price action to break or "clear" the most recent action, and only changes the paintbar color if the action indeed clears the previous candles. Simple to use, just add to your chart from your favorites and change the...
Always buy wholesale, sell it all at retail. Similar to Squeeze Momentum Oscillator with simpler coding. Pair this with the 'Buy Low, Sell High Arrows' indicator
Uses a short moving average and Heikin Ashi price action for strength measurement. Enjoy. Heikin Ashi candles only!
Numerous small losses.... a few huge profits.... For Heikin Ashi candles only!
Trend Continuation Factor indicator script. This indicator was originally developed by M.H. Pee (Stocks & Commodities V. 20:3 (58-64): Trend Continuation Factor).
Trend Detection Index indicator script. This indicator was originally developed by M.H. Pee (Stocks & Commodities V. 19:10 (54-61): Trend Detection Index).
An indicator inspired by the Renko chart.Instead of using a static box size we use standard deviation, this make the indicator more reactive to the market state. If the indicator show no values then you have to round the price to the nearest integer, for that use the round parameter. Hope you enjoy :)
This is a momentum, trend, as well as a divergence indicator. It is similar to CCI, though it is based on a slow and fast EMA in connection to ATR, which allows to interprete it easily. Both EMAs and ATR have customisable period. Further explanation and basic usage can be found in the comment section inside the script.