Japanese below / 日本語説明は下記 One of the key success factors in trading is to keep consistency. So, how to become consistent? How to avoid FOMO entry? One of the ways to remain consistent is to prepare for a checklist and check if all criteria are met before you take trades. That’s why I made this indicator. How to use it? You can set up to 10 criteria. You can...
This is my own Twist on Larry Connors Simple Tradingideas. It Combines the RSI, Averaging In and the Lowest Bars in a Single System. The current Configuration is designed for the Daily Timeframe. Feel free to play with the Parameters and keep in mind that Larry Intended to buy fear and sell the greed! The Rules are the following: ---Buy--- Buy, if the lowest...
The original indicator was created by alexgrover . All credit goes to alexgrover for creating the indicator that this strategy uses. This strategy was posted because there were multiple requests for it, and no strategy based on this indicator exists yet. The Recursive Bands Indicator, an indicator specially created to be extremely efficient, I think you...
Divergence finder used to find BUY or SELL Signal based on a divergence between Price and RSI (Price goes UP when RSI goes down / opposite ) You can configure the script with several Options : Source for Price Buy Div : you can use the close price of the candle (by default) or use the high price of the candle for exemple. Source for Price Sell Div : you can use...
This script calculates the position size base on the stop loss price, entry price, and the percent of equity willing to risk. Formula: (Asset Quantity) = (Amount Risk at Trade) / (Price Difference Between Entry Price and Stop Loss) or Position size = (% Equity at Risk) * (Equity) / (Entry...
Basically just plots the RSI and the RSI of another stock you pick. Then subtracts the two and makes a histogram showing who's winning.
Similar to my last script, although this one uses the RSI value of (highest high - price) / (price - lowest low) to feed into the the logic creating the dynamic length. Choose how the length curve works by selecting either Incline, Decline, Peak or Trough. Lastly select the moving average type to filter the result through to smoothen things out a bit to find...
Over the specified bar range, plots a vertical line from open to close using the specified colors and line width (in pixels). In effect, these look like thinner/thicker candle bodies. The default candle bodies are made transparent over this range to make them appear hidden. The indicator is capable of referencing the bar colors from another plot, using a...
What is "RSI Divergence"? "RSI Divergence" is a indicator that find RSI divergence automatically. What it does? When it finds an RSI divergence, it draws a line on the indicator. How it does it? The lines are found using the least squares method. If the signs of the linear regression on the graph and the linear regression plotted on the RSI are different, this...
Entering a short position after breaking the upper Bollinger Band, entering a long position when entering after breaking the lower Bollinger Band Provides templates for how to display position average price, stop loss, and profit price using the plot function on the chart, and how to buy splits After entering the position, if the price crosses the mid-band...
The title is quite self explanatory. It is a Volatility Meter based on Bollinger Bands Width and MA. These parameters can be selected by users in settings tab: - Basic Bollinger Bands Parameters: length , standart deviation and source - Timeframes: 1h, 2h, 3h and 4h If the indicator is red it means volatility is high in the market. If it is white , it...
This is a very simple script to compare the performance of a single stock against its index, by adding / subtracting points for particular price action on up /down - days in the index. For instance: If the index is down <-1ATR and the stock is not, it's +1 point. If the index is up >1ATR and the stock is up less than half, it's -1 point. Basic idea (vs the...
Real Price Line + Dots (for Heikin Ashi) This indicator is designed for use on Heikin Ashi charts. Its purpose is to enable traders to benefit from price averaging and smoothing effects of Heikin Ashi candles whilst also enabling them to see the current real price line, and optionally, real price close dots on the Heikin Ashi candlesticks. Features include:...
Timing when day trading can be everything In Stock markets typically more volatility (or price activity) occurs at market opening and closings When it comes to Forex (foreign exchange market), the world’s most traded market, unlike other financial markets, there is no centralized marketplace, currencies trade over the counter in whatever market is open...
Its the same basic Know Sure Thing Indicator, just added alerts and labels for crossovers in it. Hope you all like it. Enjoy
Based on the VIX, this indicator shows the expected movement of a stock, ETF or index. This indicator has two standard deviations that you can set for better guidance. You can also adjust it for a result in one day, one week or one month. Settings * Period * 1st Deviation: Default 68% * 2nd Deviation: Default 90% *Round To Integer: If it checked, it will...
Display outliers in either value change, volume or volume change that significantly deviate from the past. This uses the standard deviation calculation and the n-sigmas statistical rule of significance, with 2-sigma (a value of 2) signifying that the observed value is stronger than 95% of past values, and 3-sigma 98.5% of past values, and so on for higher sigma...
An accumulation/distribution indicator that works better against gaps and with trend coloring. Accumulation/Distribution was developed by Marc Chaikin to provide insight into strength of a trend by measuring flow of buy and sell volume . The fact that A/D only factors current period's range for calculating the volume multiplier causes problem with price gaps....