First, you have to know price action, RTM price action Handbook could help you
this indicator shows you base and momentum candles
base candles could be zones of trade that show you fighting of bulls and bears, and momentum candles could show the power of those zones.
Base candles are white in the chart, and you can place your order at the good...
The indicator marks the last fractal highs and lows (W,D,4H and 1H options) to help determine current market structure. The script was created to help with directional bias but also as a MTF visual aid for stop hunts/liquidity raids.
Liquidity areas are where we assume trader's stop losses would be when buying or selling. Liquidity lies above and below swing...
An interesting implementation of mine to measure an asset changes based on asset price velocity and volume velocity. The indicator acts as asset value calculator. Long and Short.
==Points System Rules==
If Current Close is higher than previous Close and Current Volume is bigger than previous Volume: Adds Close Points and Volume Points
First thing you need to know, it "DOES NOT" reflect the price of the ticker you will load it on. THIS IS NOT AN INDICATOR FOR TRADING! It's a developer tool solely generating random values that look exactly like the fractals we observe every single day. This script's generated candles are as fake as the never ending garbage news cycles we are often force...
Relative volatility highlights large changes in price. This was designed to be used with my relative volume indicator so that traders can see the effect of volume on price action. It is also a good tool to analyse breakout patterns to identify best entry points and waves.
Above shows relative volatility and relative volume working together.
52 Week High / Low Indicator
A simple, unobtrusive indicator that can be used on any timeframe to display the 52 week high/low values.
Works on any timeframe.
Unobtrusive: Simple horizontal lines showing only the current 52 week values.
Allows the user to select whether to calculate the 52-week values from candle close values or the...
It is considered the percentage of candles with low and high closure for a certain period. Then, a moving average is built from these values. When the moving average of the ratio of tall candles to low candles is greater than the ratio of low candles to high, then long (that is, when the green line crosses the red). And vice versa - a condition for short. It also...
As we know, buyers and sellers take part in the market auction.
A failed auction is where price could not tick above or below a specific price. This means that there were no buyers willing to buy or sellers willing to sell beyond that price. Price then moves away in the other direction.
The failed auction acts as a magnet and becomes a target to revisit sooner...
Institutional investors have a profound impact on financial instruments prices because of the large volume, and their trading activities can greatly impact the price of financial instruments. They sometimes may split trades over time in order to not make a material impact and of course not to decrease liquidity to the point where there may be no one to take the...
Ever wondered what the chart would look like if it's flipped upside down and flipped horizontally into the future? The idea is that when there is a trend, a repeating pattern tends to occur. Going backwards and projecting that movement into the future can supposedly show what the future price will be.
Somehow I haven't found anyone try it like this and I am...
Updated from V1.
Chart the multi-day Volume Weighted Average Price ( VWAP ). Normally, the VWAP is tracked for the current day, from the first bar of the day (regular or extended session). The VWAP shows the current value of:
-> sum(hlc3 * volume , barsForDay) / sum( volume , barsForDay),
-> where 'barsForDay' is the total number bars that have elapsed during...
Action Trend Line is different of Moving Average between ema26 and ema260
My idea is, if ema26 drop to ema260 means downtrend
if ema26 increase or moving out of ema260 means uptrend
then writting a different line by 100 scale to be clear vision
at the bottom have plot sign up and down for each candle, it is status information
The chart show Action Trend Line, by...
This is a scaled version of the Forecast Oscillator, paired with a Point of Force Indicator, my modification of an indicator, whose original name and developer happened to be missing on my notes, so my regards to the author).
Point of force is a spot from where price action will dynamically evolve in the same direction or soon reverse and pursue that reversed...