Author: Johnan Prathap TASC March 2011 The typical inside bar two-bar view indicates minimal activity in a market. It is defined as a bar (or series of bars) that is completely within the range of the preceding bar; that is, it has a higher low and lower high than the bar immediately before it. Some traders consider a bar an inside bar if the high and low are...
Indicates "strong bars" similar to how Al Brooks defines them in his book-- these don't necessarily trigger entries but can be points of interest. 2-3 points as a signal bar size seems to work well, depending upon volatility.
This is an updated version of my previous script, I have added a few extra Patterns and some patterns specs have chnaged over those specified by "Price Action Battle Station by theforexguy". Because this script has diverted from the original specification of "theforexguy", I have decided to release it as a new version. Improvements have been made to some of the...
More Efficiency Based on the Auto-Line code, the Efficient Auto Line aim to provide a more controlled adaptivity of the indicator. The first indicator of this sort worked this way : when the absolute difference between the price and the indicator is higher than the previous indicator +/- A pips of amplitude, the indicator will display the closing price, else...
Developed by Larry Williams, Williams %R is a momentum indicator much like the Stochastic Oscillator and is especially popular for measuring overbought and oversold levels. The scale ranges from 0 to -100 with readings from 0 to -20 considered overbought, and readings from -80 to -100 considered oversold. Typically, Williams %R is calculated using 14 periods and...
The script highlights the 2 candlesticks pattern: BEARISH Dark Cloud Cover/BULLISH Piercing on the main chart screen, and has a preset alert condition. Please use an oscillator that shows oversold and overbought conditions with this script (i.e. StochRSI oscillator).
Three views of Aroon Indicator - original, binarized and smoothed. More 'readable' variations of this indicator will help to appreciate its role and integrate into trading strategies more readily. Note that the smoothed Aroon can be viewed as a channel indicator when normalized to price series.
Displays 5,10 MAs on a single indicator. Useful for Crypto trading and reduced the number of indicators needed to view multiple EMAs When shorter MA crosses over the longer it's a good sign of Bullish/Bearish reversal. This sentiment is more true at longer timeframes, such as daily candles, as the trend has more momentum.
Displays 10, 20 MAs on a single indicator. Useful for Crypto trading and reduced the number of indicators needed to view multiple MAs When shorter MA crosses over the longer it's a good sign of Bullish/Bearish reversal. This sentiment is more true at longer timeframes, such as daily candles, as the trend has more momentum.
This model try to combine super trend with Psars and pivots high and lows the buy is buy the super trend , the sell is either pivots high points, Psar or supertrend there is another option for buy and sell by Psar and pivots (buy again or sell again) both have stop loss and take profit The Psar is calculated different from regular Psar but it will give the...
Its the same as the regular PSAR that we all known just calculated in a different way so it more easy to see the start and the strength of the PSAR I did not ad alert as there is no different between this one and regular PSAR
by this script you can see 5 colored Multiple SMA together.
Volume Pressure = Volume / Price Change A little price change with the same volume causes volume pressure. Volume Pressure pushes the prices up. Volume Pressure tells the desire to buy. Accumulated Volume Pressure is plotted.