You can filter the trend with this indicator. Green Lines indicate a short-term up trend and Red lines indicate a short-term downtrend. and black lines indicate short-term consultation. I'm not regarding anything with this indicator. All risk is yours Thank you
This is a volatility tool designed to get the daily bottom and top values calculated using a daily ATR and IV values. ATR values can be calculated directly, however for IV I recommend to take the values from external sources for the asset that you want to trade. Regarding of the usage, I always recommend to go at the end of the previous close day of the...
This indicator displays 3 EMAs that recalculate every day. This is useful for intraday trading by removing the bias of the previous day's ema price. This ensures your EMAs stay near the most current price action. Note: If your length is larger than the number of bars in the day, your EMAs will not have time to properly catch up in the day.
Especially useful when using it for stocks in intraday screening for daytrading. This gives you quick information about the volatility at the moment when you look at the stock. The current range of the last candles (adjustable) is calculated so that you can stop based on the Vola. In addition, the daily volume and daily range are calculated in the table and...
This script calculates and draws the initial balance price levels which can be really interesting for intraday activities. Note: Obviously, you need to wait for the calculation period to finish in order to see your daily levels The tool includes the following options Customization of the session used to calculate the initial balance (default 0930-1030) ...
I made this script to group information considered useful in forex day trading, of course it can be used on crypto or other markets. First of all, feel free to suggest any improvement/new feature you would consider interesting for such an use. This is not especially a final version and I'm sure other relevant information can be added in this tool. Current...
This script attempts to contextualize the instrument's latest return. It asks, "when a return of the same or greater magnitude occurred in the past, in the same direction, what was the following period's return?" By default, the latest return is used. For example, on a daily chart, that would mean "today's" return. However, you can select any return you want...
Yüsram Mount HO - Day HO This indicator shows the comparison between the 7-day fast simple average and the monthly slow average of 5 bars. The red line indicates the monthly green and blue lines the daily average. If the Green-Blue line crosses the red upwards, it is a buy signal and the opposite is a sell signal. As soon as it turns green blue without waiting...
Introduction Have you ever heard that each candle represents a battle between bulls (buyer) and bears (seller)? If you know the answer, apparently you understand what the price action means. What if I ask you, how much was bloody in each battle between bulls and bears?!. This indicator may give a clear picture of how to identify the candle’s strength by...
Beacon uses the current volatility of the market based on your trading time frame to determine support and resistance levels, whether a trend is intact or ready to revert back in the range. One of the most difficult things I went through as a trader was determining whether we are in a trend day or if we are in grind up or grind down mode. I created Beacon to...
This code is modified to draw the first 15 minutes(variable in setting by default 15m is set) of the high and lows through out the day. It will work on time frames less than than or equal to 1st input. Hope this code helps you all. IMPORTANT SETTING DETAILS: 1.Res = input(title="Starting X minutes lines to be Displayed",defval="15",...
So the idea of the Daily Play Ace Spectrum is to extend the Ace Spectrum . By exposing more parameters, making a variation of the Ace Spectrum which is more configurable. The idea is this makes the Daily Play Ace Spectrum more suitable for use on shorter (hourly and minute) time scales. These specific parameters exposed still maintain the original form ...
I've added a few lines to Mawreez' RSI Divergence Detector. I edited the visual and filtered the signals in same direction of the current candle. this indicator shows long and short signals based on divergences. It's better not to trade against powerful trend.
This draws a label to alert user when a higher timeframe candle closes on a intraday chart. Purpose of it is so that people who mainly use lower timeframe charts do not forget to look at higher timeframe candle closes.
20 EMA Daytrading Strategy This strategy creates long and short signals based on a 20 EMA crossing condition. Works well in 4H timeframes or higher. Accuracy is around 60%. BUY When a green candle crosses above 20 EMA Followed by another green candle which closes above the previous candle high SELL When a red candle crosses below 20 EMA Followed...
This script plots volume bars and highlight bars that have an unusual activity, compare to the average (Standard: Simple Moving Average, 50 periods). The script is useful for checking daily volume levels on equities. Where there is high volume, there is likely volatility, wich is good for day trading and swing trading entries.
I have placed what is needed to know about the indicator at the start of the script. I also placed some hints on the chart.
English: Smoothed version of RSW, gives less signals. Works better in short term graphs, like 15mins. RSW Smoothed aims to give you daytrading and stoploss signals. Usage: If leaves green region upwards: long position(buy) or close short position If enters green region downwards: close short position If enter red region downward : close long position If...