The Relative Strength Index (RSI) is a technical indicator based on price movements that is used to determine whether a particular asset is overbought or oversold. It measures the ratio of rising to falling prices over a certain period of time. The Fear & Greed Index, on the other hand, is a composite index that tracks the sentiment of the crypto market. It is...
What this Indicator Does This indicator is a very simple tool created specifically for experienced Straters. It was created for those Straters who fully understand the 1-2-3 Strat Scenarios, are in need of an easy to use tool, and do not want or need a lot of messy markings on their chart. The indicator simply allows the user to color code the Strat 1, 2 ,3...
This indicator is based on the trading formation Higher high and Higher low. It dynamically displays the current price above the bar on a label. Features: • If the current price is lower than the previous high the label color will dim. • If the current price is lower than the previous low the price figure will turn red. • Completely customizable • ...
Extending the earlier implemented concept of Harmonic-Patterns-Based-Trend-Follower , in this script, lets make it work as supertrend so that it is more easier to operate. 🎲 Process 🎯 Derive Zigzag and scan harmonic patterns for last 5 confirmed pivots 🎯 If a pattern is found, bullish and bearish zones are calculated based on parameter Base 🎯 These bullish and...
This is a script to color code bars based on the bullish- and bearish combination. Bullish Combination Percent: Price >= 4% from yesterday and Volume today > Yesterday Dollar: Price >= 0.9 dollar from open Base Requirements - Price > Yesterday's close - Price > Open - Price is within 30% of high - Todays price range >= Yesterdays price range - Yesterday's...
Hello guys!, If you are a swing trader and you are looking for a simple trend strategy, you should check this one. Based in the supertrend indicator, this strategy will help you to catch big movements in BTCUSD 4H and avoid losses as much as possible in consolidated situations of the market This strategy was designed for BTCUSD in 4H timeframe Backtesting...
Earlier this week, published an idea on how harmonic patterns can be used for trend following. This script is an attempt to implement the same. 🎲 Process 🎯 Derive Zigzag and scan harmonic patterns for last 5 confirmed pivots 🎯 If a pattern is found, highest point of pattern will become the bullish zone and lower point of the pattern will become bearish zone. 🎯...
Simple indicator that shows the various daily sessions and includes a pip counter for every different session.
ABOUT THIS INDICATOR This is a simple indicator that can help you manage the risk when you are trading, and especially if you are leverage trading. The indicator can also be used to help visualize and to find trades within a suitable or predefined trading range. This script calculates and draws six “profit and risk lines” (levels) that show the change in...
Open Drive is a market profile concept introduced by Jim Dalton. It occurs when the price moves directionally and persistently for the first 30 minutes from the cash market open. It is necessary to use 30-minute bars as there needs to be enough time to measure an extreme move of the cash open. This means there will be fewer trades than other strategies using...
█ OVERVIEW This indicator displays Fibonacci retracement and extension levels on the price chart using data within the chart's visible range, providing traders with an automated alternative to our well-known drawing tool . █ CONCEPTS Fibonacci sequence and the Golden ratio The Fibonacci sequence is a sequence of numbers where each term is the...
Hello friends. In recent months I have been busy with my academic research and haven't had much time to publish new scripts. To fill the gap of these months, I decided to publish the indicator Multi-timeframe Harmonic Patterns . Harmonic technical chart patterns can predict the next price trend and provide traders with clues to the price direction, which is one...
Renko Emulator - Rev NR - Released 12-29-22 By Hockeydude84 Simple script to Emulate Renko Charting behavior on standard candle stick charts. Code provide capability to select between standard(ish) Renko bricks (in this code it's defined by percent vs ticks/value), or an ATR brick option. For ATR bricks, the code provides an option to inhibit emulator movement...
This indicator is a combination of a few things in order to work with a unique trading style gleaned from Callme100k, jrgreatness, TrustMyLevels , FaithInTheStrat, Rob Smith and Saty Mahajan. This Indicator is created to help you day trade using, ATR Fibonacci Levels, Price Action and Momentum. It displays Fibonacci Levels Based on ATR to indicate when a...
Hello Everyone, Wish you all Merry X-Mas and happy new year. Lets start 2023 with fresh new strategy built on Wolfe Indicator. Details of the indicator can be found here 🎲 Wolfe Concept Wolfe concept is simple. Whenever a wedge is formed, draw a line joining pivot 1 and 4 as shown in the chart below: For simplicity, we will only consider static value for...
Companion to High Low Color Bars, for strategies that don't use open and close levels. Color is determined using change in midpoints between high and low ( hl2 ), with degrees of shading based on threshold levels in the settings. The default threshold is 1.2 standard deviations of the change in hl2. I use this to get a less noisy visual of volume-driven momentum.
High Low bars de-emphasize open and close levels, but sacrifice color. Because traditional candles use open and close to determine color, a new approach was needed. This script uses change in midpoints between high and low ( hl2 ), with degrees of shading based on threshold levels in the settings. The default threshold is 1.2 standard deviations of the change in...
This indicator detects and highlights market imbalances alongside a dashboard returning information about their frequency of occurrence and their fill percentage. Imbalances included in this script are Fair Value Gaps (FVG), Opening Gaps (OG) and Volume Imbalances (VI). Alerts are available for the occurrences of all market imbalances. Settings Imbalances...