Traders always need a confirmation of momentum in price action to ride the swings.
Momentum Play Indicator consists of the below:
Bullish Conditions :
1)EMA 8 above EMA 34 and rising
2)Candle close above 5 candle high
3) RSI above 60
4) Volume above 5 candles avg. volume
5) ADX above 20
Bearish Conditions :
1)EMA 8 below EMA 34 and falling
2)Candle close below...
This indicator is based on ADX and uses a method based on pivot points to identify a possible trend reversal or trend continuation.
To better understand how to use this indicator, follow these instructions:
Check which type of line ADX is below/above.
If the ADX line is above the green line and has changed color, you can expect a possible trend change....
Someone sent me this strategy found on YouTube. It is Soheil PKO's "The Best and Most Profitable Scalping Strategy" Best way to find out is to code it =)
This strategy uses Moving Average Ribbon, Laguerre RSI, and ADX. This script only displays the MA ribbon, you will need to add Laguerre RSI and ADX separately.
Long Entry Criteria:
- 16 EMA > 48 EMA > 200...
Why use the Flat Market and Low ADX Indicator ?
Flat markets, where prices remain within a narrow range for an extended period, can be both critical and dangerous for traders. In a flat market, the price action becomes less predictable, and traders may struggle to find profitable trading opportunities. As a result, many traders may decide to take a break from...
This is a very profitable strategy focusing on 15 minute intervals on the Micro Nasdaq Futures contracts. CME_MINI:MNQH2023
As this contract only keeps positions for on average about an hour risk is managed. At a profit factor of 3.382 with a max drawdown of $123 from January 1st to February 15. Looking back to Dec 2019 still maintains a profit factor of...
This is a stock screener that incorporates open source code by QuantNomad, with the addition of slow and fast EMA pullback and crossover functions. It is designed for intraday scalping and quick trades, using 1, 3, and 5 minute candles. The RSI, Supertrend, and ADX indicators help to confirm trade setups, and the use of discount, premium, and equilibrium zones can...
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Overview
Dynamo is built to be the Swiss-knife for price-movement & strength detection, it aims to provide a holistic view of the current price across multiple dimensions. This is achieved by combining 3 very specific indicators(RSI,...
█ OVERVIEW
"ADX" is a popular technical analysis indicator used to determine trend strength.
Advanced ADX is divided in two main sectors:
Default ADX
Higher time frame ADX analysis and trend phase
█ DESCRIPTION
You have two ADX's, One has the same time frame as your chart and the other one can be set by yourself in settings, Named Vision time frame.
Default...
Simple table to show the values for indicators which can be used to initiate trades:
RSI: Long above 55 // Short below 45 // Choppy between 45-55
DI+: Long above 25
DI-: Short above 25
Note when to avoid trend trades:
- If DI+ and DI- are both below 25 then market is choppy
- If RSI is between 45-55 then market is choppy
Thie indicator is a modified and upgraded version of the popular ADX tool.
ADX is used to determine the strength of a trend, and also to determine the direction in which the trend is likely to go.
With this script, I have added in the formula the usage of volume, leading to the following functionality.
The length is used to determine the period to calculate...
This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.
Our fifth one we are automating is one of the strategies from "The Best 3 Buy And...
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The Ichimoku...
The default Average Directional Index (ADX) helps traders determine the strength of a trend, not its actual direction. The Clean ADX helps traders determine the strength of a trend on a longer time, and the possible direction on different timeframes.
The bidirectional Breakout Volume determines both directions of breakout or breakdown volume. When volume is high...
I developed this indicator as a "regime detection" for my algo trading bot. It uses the ADX +/- values with a few twists.
- If ADX DI+ is over 30 and DI- is below 20 and falling (inverse for shorts)
- Price action rising/falling thru various VWAP standard deviations indicates a strong trend break
- Some other custom juju (open source so have fun).
I use this...
Core to this indicator is the rate at which DI+ and DI- are moving away or towards each other. This is called The Rate of Change (ROC). The ROC length dictates how many bars back you want to compare to the current bar to see how much it has changed. It is calculated like this:
(source - source /source ) * 100
This indicator has 4 values in the status line:
...
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The Ichimoku...
The script filters stocks on the basis of ATR. If the stock has moved above 7 times the ATR from the lows, the system generates buy signal and continues till the stock drops by 2 ATR. It is a good system in trending markets however in sideways consolidating markets, the system must be avoided. In trending markets it can generate good returns with significant Risk...
![SPX500USD: Soheil PKO's 5 min Hitman Scalp - 3MA + Laguerre RSI + ADX [Pt]](https://s3.tradingview.com/6/6Uf1wNAR_mid.png "Soheil PKO's 5 min Hitman Scalp - 3MA + Laguerre RSI + ADX [Pt]")
![ETHUSDT: Flat Market and Low ADX Indicator [CHE]](https://s3.tradingview.com/d/dh0YcdYZ_mid.png "Flat Market and Low ADX Indicator [CHE]")
![BTCUSD: Advanced ADX[Intellection]](https://s3.tradingview.com/n/NXDAnvpg_mid.png "Advanced ADX[Intellection]")
![BTCUSDTPERP: Strategy Myth-Busting #5 - POKI+GTREND+ADX - [MYN]](https://s3.tradingview.com/b/B3J5Ledg_mid.png "Strategy Myth-Busting #5 - POKI+GTREND+ADX - [MYN]")
