"Trademinator Forex Quarters" displays Institutional Hesitation Lines and Butter Zones on any USD or JPY currency pair chart. The currency pair, timeframe and current trading price are automatically calculated by the indicator, so there's no need to apply any specific settings. As an option, the quarter level that is applied to the chart by default, can be...
The SMA 200 is one of the most important and strongest support/resistance lines on any timeframe. This script pulls the SMA 200 line from multiple timeframes so traders can visually see price action bounce between support and resistance . The current timeframes SMA 200 is displayed in white and turns yellow to signify "pressure". Can be used on higher timeframes...
Live plotting of Point and Figure chart on a candlestick chart. With its own construction engine, it plot "X" and "O" column using a line chart. It plots the "X" column with green color and the "O" column with red color. Color of the line chart change from green to red when the column reversed from "X" to "O". It plot "Double Top Buy" and "Double Bottom Sell"...
This script adds background to the chart to highlight different time areas in any chart. The time areas are in relation to the open/close time of NYSE , both regular and extended session. The background colors are the following by default: NO COLOR : NYSE is open DARK BLUE : NYSE is closed LIGHT BLUE : NYSE post market session ORANGE : NYSE pre market...
This indicator identifies trends in multiple higher timeframes (D, W, M) and shows them in a widget off to the right of the chart. It's meant to be used as an alternative filter for "trading with the trend." Typically people use moving averages of varying lengths for this (i.e. if over 200 MA it's an uptrend, etc.), but I wanted to see if it might be more...
This indicator is an all in one indicator for the "The strat" method by Rob Smith. This indicator DOES NOT provide trading advice or trade entry signals! What is included: * Candle Type 1 - Inside Candle * Candle Type 2- Up or Down Candle * Candle Type 3 - Engulfing Candle * Strat signal: - 2-1-2 setup - 3-2-2 setup * Full Timeframe Continuity: - from a 5min...
This script is based on Range Support and Resistance . It works by taking the range of the day,week and month calculating them and plotting 3 layers of Support and Resistance , as soon as it gets non directional /range bound , bar color turns GRAY if its in Bullish Trend and Pink if its in Bearish Trend .. As soon as bar turns Aqua it defines BULLISH Trend and...
This script is used for plotting the Fibonacci support and resistance levels. Compared to other ones, the changes to this script are that you can choose what color should all the lines be and that it doesn't change the chart's size, meaning that it won't shrink the chart so that all the levels can be seen. If you have any suggestions, I'm open to anything. Also,...
The EMA 730 line is a great way to show dynamic support and resistance . Price action travels "through" this line on each timeframe. This script pulls the EMA 730 Line from multiple timeframes so a trader can visually see price action bounce between support and resistance lines. Lower bands (white lines) can be turned off using "tickbox" in settings. EMA length...
Overview The algorithm endeavours to robotize the identification of support and resistance levels by recognizing enormous swings/turns in authentic value activity. These tops and bottoms in value activity shows where the bunches of buyers or sellers came into the market and may go about as future degrees of support or resistance. The code identifies the...
About this script: This example aims to highlight an alternative way to view HTF data by providing basic interpolation functionality. This script does not aim to provide use in itself as an indicator or strategy. Reason for study: Educational Purposes Only
Author: Arthur Wayne Description: This script automatically plots levels according to Primetime Trading Academy guidelines. Directions: On the monthly chart, you should select two significant monthly support/resistance levels and input them into the script. It is recommended to mark these levels with the price label tool. The script will then...
This script is dynamic support & resistance based on MACD crossover. Resistance= highest value of candle looks back when MACD crossdown. Support= lowest value of candle looks back when MACD crossover. Middle line is average of Resistance and Support. Buy when close crossover Mid line. Sell when close crossunder Mid line.
Predicts local bottoms and support levels. Simply enter a strong resistance level (Settings > Liquidation Resistance Level), and this indicator shows you levels where margin selling pressure is likely to drop off. This is based off of the assumption that leveraged traders will likely want their liquidation point protected above a strong resistance level. 2x -...
Predicts local tops and resistance levels. Simply enter a strong support level (Settings > Liquidation Support Level), and this indicator shows you levels where margin buying pressure is likely to drop off. This is based off of the assumption that leveraged traders will likely want their liquidation point protected below a strong support level. 2x - blue 3x -...
Alchemist Capital Lazy Zones is a script written to complement the trading style taught by @clover_trading - Chris teaches a zone to zone strategy and this script aids in the technical analysis relating to this. This indicator has been tested and coded with Forex pairs in mind, as such its functionality and usefulness on other assets cannot be guaranteed. The...
Hello Traders, Here i bring you my first Price Action Atr based Indictor combined with fib entry and exit trailing levels with minimum risk and maximum profit , as we must have seen at times as we enter the trend reverse and hits our stoploss . Keeping that in mind as i too stuggled and made losses so i decided and focused more on minimizing the stoploss and...