The indicator can be find 8 reversal candlestick patterns of bullish or bearish. ----- How to build? Based on available reversal patterns that was be share by a group trader. With name: T1, T1S, T2, T2S, T3, T3S, T3 Pro, T3 Max. Ex1 - T1 Bull Candles and T3 Bull Candles: Ex2 - T2 Bull Candles: Ex2 - T1S Bull Candles: ----- How to use? ...
This indicator is an adapted version of Julien_Eche's 'Pro Momentum Calculator' tailored specifically for TradingView's 'Supertrend indicator'. The "Pro Supertrend Calculator" indicator has been developed to provide traders with a data-driven perspective on price movements in financial markets. Its primary objective is to analyze historical price data and make...
█ OVERVIEW K-means is a clustering algorithm commonly used in machine learning to group data points into distinct clusters based on their similarities. While K-means is not typically used directly for identifying support and resistance levels in financial markets, it can serve as a tool in a broader analysis approach. Support and resistance levels are price...
This indicator can find a reversal point when the price is oversold, the breakout is far from the EMA. ----- How to calculate? Find the minimum (maximum) value on five EMAs: 20, 50, 200, 460, 610. Calculate the number left bars with condition that is completely above (below) the min (max) EMA line. The signal bar is Engulfing bar. ----- How to appear...
The trend change detector oscillator is a tool designed to help traders identify the current trend direction paired with the potential reversal zones. The oscillator is made of multiple parts: - The colored histogram, that displays the current long-term trend direction (long if above 0, short if below) - The trend line, which shows the price in relation to the...
The QQE (Quantitative Qualitative Estimation) Weighted Oscillator improves on its original version by weighting the RSI based on the indications given by the trailing stop, requiring more effort in order for a cross with the trailing stop to occur. 🔶 USAGE The QQE Weighted Oscillator is comprised of a smoothed RSI oscillator and a trailing stop derived...
Swing Ranges is an indicator designed to provide traders with valuable insights into swing movements and real-time support and resistance (SR) levels. This tool detects price swings and plots boxes around them, allowing traders to visualize the market dynamics efficiently. The indicator's primary focus is on real-time support and resistance levels, empowering...
This indicator is designed to identify potential breaks and reversals in price movements for a financial instrument. The indicator displays several elements to assist users in spotting specific market conditions: 1. High and Low Pivots : The indicator marks the highest and lowest points on the price chart within a customizable lookback period. These pivots...
The HyperTrend indicator aims to provide a real-time estimate of an underlying linear trend in the price. Support and resistance extremities are constructed from this estimate which can provide trade opportunities within the overall trend. Most tools that return lines on a chart are either subject to backpainting or repainting. We aimed to provide a reliable...
The Reversion Zone Index (RZI) is an indicator that combines the Commodity Channel Index (CCI), Choppiness Index (CI), and Bollinger Bands Percentage (BBPct) to identify mean reversion signals in the market. It is plotted as an Exponential Moving Average (EMA) smoothed oscillator with overbought and oversold zones, and mean reversion signals are represented by red...
█ OVERVIEW This is a collaboration of efforts of The Academy of Forex and UPRIGHT Trading . The Academy of Forex - Scalp Strategy Indicator is a clean & reimagined lower indicator. To enable optimization & potential automation, we re-coded & optimized it at UPRIGHT Trading. It is based on the one presented on its YT channel. The idea is for it to be an easy...
EDRI EXTREME POINTS BUY & SELL INDICATOR This Buy and Sell (non-repainting) indicator uses signals based on the combined CCI/Momentum and RSI indicators and optional regular divergence. The idea of the indicator is to look for a potential reversal after the price reached extreme points (overbought or oversold) and signals an entry when the price shows signs of...
The Wick Reversal Indicator is a powerful technical tool developed in accordance with the pseudocode outlined in the book "Secrets of a Pivot Boss" by Franklin O. Ochoa, Jr. This indicator assists traders in identifying potential market reversal points with enhanced precision. By closely following the principles discussed in the book, the Wick Reversal Indicator...
This indicator serves as a guide for aggressive counter-trend trading, offering entries, a trailing stop for trade exits and a performance backtesting system (risk ratio). AC proves to be an excellent ally in assisting counter-trend entry decisions. The signals come from two different sources, and are positioned almost identically in terms of the timing of entry...
Trend Channels This simple trading indicator is designed to quickly identify and visualize support and resistance channels in any market. The primary purpose of the Trend Channels with Liquidity Breaks indicator is to recognize and visualize the dominant trend in a more intuitive and user-friendly manner. Main Features Automatically identifies and plots...
SuperTrend is undoubtedly one of the most popular and influential indicators ever developed, and by combining it with our MTF Fusion algorithm, we believe we have made it more useful and powerful than ever with MTF Fusion SuperTrend . Let's start with a brief review of what the original SuperTrend indicator is and how it works. What is SuperTrend? The...
OVERVIEW The Prevailing Trend indicator is a technical indicator that gauges whether the price is currently trending up or down. The purpose of this indicator is to call and/or filter with-trend signals. CONCEPTS This indicator assists traders in identifying high-probability trend entries. The upper line (blue line on the indicator) is calculated by taking...
The Reversal Signals indicator is a technical analysis tool that aims to identify when a trend is fading and potentially starting to reverse. As a counter-trend tool, the Reversal Signals indicator aims to solve the problem of several technical analysis indicators that perform well during trending markets but struggle in ranging markets. By understanding the key...