New Choppiness IndexThis script tries to identify trending regions and ranging choppy regions.
Green areas are trends; Red areas are consolidation areas.
If you are a trend follower trader you should focus on green areas;
If you are a harmonic pattern trader you should focus on red areas.
I did not play with the parameters extensively, but as a rule of thumb higher parameters
helps on long term trades.
This tool seems to work better for major currencies pairs, presumably due to the
high exchanged volumes that reduces weird fluctuations.
Good set of parameters are:
(55, 9) the default ones, doing impressively well in EURUSD Daily;
(8, 5) doing well in GBPCHF Daily, short trades to be set at lower timeframes.
Happy trading,
vitelot/yanez/Vts
January 2019
Hitting the like button is a free sign of gratitude.
Trendfilter
dual ma cross colored barsSimple Indicator that colors the bars based on whether the fast ma is over or under the slow ma to visually identify trends and when do the crossover occur.
wTF50This is a customized trend filter that has several uses:
It helps identify trend direction, either bullish or bearish
It distinguishes between a pullback and a trend reversal
It helps identify areas where traders should stand aside
It highlights areas of consolidation
dTF50This is a customized trend filter that has several uses:
It helps identify trend direction, either bullish or bearish
It distinguishes between a pullback and a trend reversal
It helps identify areas where traders should stand aside
It highlights areas of consolidation
Fibozachi - ZMA™ Moving AverageThe ZMA™ is the most adaptable and customizable moving average indicator to date. Using an algorithm that incorporates the concepts of energy, inertia, and responsiveness — the ZMA™ is infinitely flexible and significantly more effective than other moving average methods.
Virtually all other moving average techniques have just one input setting of length or period, making it impossible for them to adapt to dynamic price movement. By incorporating input settings for “Responsiveness” and “Inertia”, the ZMA™ overcomes the limitations of other moving averages and can be adapted to ANY symbol, ANY timeframe and chart type, and ANY trading style.
From slow-and-steady to zero-lag, there are 'infinite' possibilities that can be achieved by experimenting with the ZMA™ input settings. With numerous color-coding options and built-in alerts, the ZMA™ is the only moving average method that a trader needs.
• "Responsiveness" settings control how reactive the ZMA™ is to fluctuations in price by controlling how high-frequency and low-frequency “noise” is filtered.
• "Inertia" settings control how "energy" is calculated by amplifying high-frequency and low-frequency “noise”.
The ZMA™ also includes a special feature that you won't find with other moving averages — ZMA™ Deviation Bands (think of them as adaptive Bollinger Bands , specially designed for the ZMA™). These adaptive Deviation Bands allow you to (clearly and immediately) see if the ZMA™ is bullish or bearish within an uptrend or downtrend and provide yet another layer of trend filtering and trend analysis.
Product Page: www.fibozachi.com
Fibozachi - Dynamic Trailing Stop (D.T.S.)Unlike other static or lazy stop-loss tools, the Dynamic Trailing Stop uses proprietary “Smart-Stop” technology to protect your profits while minimizing risk. When price consolidates or moves sideways, the D.T.S. clearly identifies support and resistance levels — remaining unchanged until price exits consolidation and resumes moving upwards or downwards. Though there are many stop-loss indicators, the D.T.S. consistently outperforms other methods with superior accuracy and flexibility.
Another benefit is the ability to “Round to the Nearest Tick(s)”, which lets you adapt the D.T.S. to each unique trading instrument and specific tick sizes (minimum price movements). The D.T.S. intelligently adapts to price movement; it remains accurate and effective across all timeframes, chart types, and trading vehicles (stocks, options, ETFs, fixed income, futures , FX, commodities , and cryptocurrencies).
The D.T.S. also simplifies chart analysis by color-coding each bar based on whether price is above or below the D.T.S. Not only does the D.T.S. serve as a highly effective stop-loss, but it can also be used to determine if the current trend is bullish or bearish.
Product Page: www.fibozachi.com
Fibozachi - Dynamic Trailing Stop (D.T.S.)Product Page: www.fibozachi.com
Fibozachi - Dynamic Trailing Stop (D.T.S.)
Unlike other static or lazy stop-loss tools, the Dynamic Trailing Stop uses proprietary “Smart-Stop” technology to protect your profits while minimizing risk. When price consolidates or moves sideways, the D.T.S. clearly identifies support and resistance levels — remaining unchanged until price exits consolidation and resumes moving upwards or downwards. Though there are many stop-loss indicators, the D.T.S. consistently outperforms other methods with superior accuracy and flexibility.
Another benefit is the ability to “Round to the Nearest Tick(s)”, which lets you adapt the D.T.S. to each unique trading instrument and specific tick sizes (minimum price movements). The D.T.S. intelligently adapts to price movement; it remains accurate and effective across all timeframes, chart types, and trading vehicles (stocks, options, ETFs, fixed income, futures, FX, commodities, and cryptocurrencies).
The D.T.S. also simplifies chart analysis by color-coding each bar based on whether price is above or below the D.T.S. Not only does the D.T.S. serve as a highly effective stop-loss, but it can also be used to determine if the current trend is bullish or bearish.
Trend FilterThe indicator colours the candles either Green or Red depending on the following conditions:-
If the N Bar Average Close > N Bar Average Open, the Bars are coloured Green.
If the N Bar Average Close < N Bar Average Open, the Bars are coloured Red.
