This simple script decomposes the value of the Average True Range into a bullish component and a bearish component . The script supports two plotting methods; Mirrored and Two Lines . If Mirrored is chosen, the indicator plots the bullish component as a positive number, and the bearish component as a negative number. If Two Lines is chosen, the indicator...
This script show: 1. Signal line base on sma blue color 2. Signal line base on ema orange color 3. Green bar mean current bar is high than signal line 4. Red bar mean current bar is low than signal line if bar upper zero line, it show uptrend if bar below zero line, it show downtrend If orange line cross up blue line, it show signal buy. If blue line cross down...
Bollinger bands with color indicators to detect two key scenarios : - The squeeze (yellow) detects a potential breakout (or down) in price volatility. - The extreme overbought / over sold conditions. This happens during a 'band ride'. "There is nothing more beautiful than when a stock becomes overbought, and stays overbought" - John Bollinger
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...
This script show: 1. All time high/low line shown in maroon color 2. 52weeks high/low line shown in red color 3. 25% below 52wh and 30% upper 52wl as per Mark Minervini suggset in his book "Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market" Thats all, hope benefit tou you all. Thank you.
If your trading strategy is to sell the RIPs and buy the DIPs, this is an indicator for you. This is based on the multi band indicator present here: Code is simplified to generate as many bands as possible and hence divide price into as many states as possible based on these bands. Moving Average Type defines what moving average to be considered for Bollinger...
FINALLY LEFT. the RANGE DAILY at the top RDH and the RANGE DAILY at the bottom RDL, is a PVSRA indicator used to calculate the daily ATR (Average True Range), with the help of my friend @ferhro, I was the one that managed to get closer to the original indicator for the metatrader 4. Let's the features. This indicator works as a support and natural resistance of...
This study include 3 types of stop-loss (ATR, High/Low and Pivot point) This script aimed to help new traders to respect risk management. Simply select which stop-loss you would like to use in the settings and the suggested stop-loss will be displayed on the chart for Long and Short positions. Please let me know in the comment if you would like me to add more...
In trade position setup, we always need to determine the market structure and manage the position sizing in a short period of decision time. Indicators such as moving average, initial stop loss and trailing stop loss are always helpful. This indicator put all these handy tools into a single toolkit, which includes the following price action and risk management...
For completeness of Relative Strength studies, the Relative Strength based on rate of changes (ROC) with weighting is coded and presented as well. The RS.ROC is similar to the formulation of RS by IBD before rank among all the stocks in the market. The lookback period is relaxed for customizing. Once you set the total lookback period, representing the 4Q, in the...
Formula for bollinger bands is as below: Mid = sma(20) Top = sma(20) + 2*StdDev(20) Bottom = sma(20) - 2*StdDev(20) While standard bollinger bands allow changing standard deviation and length, there is no option to use different moving average. This indicator allows you to define bollinger bands based on different moving average types which can be selected from input.
Hi, this is Tirano. Introducing the newly updated "Volume Paradox ver3.0: Candle Navi". The basic usage is "ver1.0: The honeyzone Strikes, ver2.0: You Can Do It!" Is the same as 1. With reference to the existing logic, the coastline, if the candle is above the coastline, it is analyzed as a buying advantage, and if it is below the coastline, it is analyzed as a...
Hi, this is Tirano. Introducing the newly updated "Volume Paradox ver3.0: Candle Navi". The basic usage is "ver1.0: The honeyzone Strikes, ver2.0: You Can Do It!" Is the same as 1. With reference to the existing logic, the coastline, if the candle is above the coastline, it is analyzed as a buying advantage, and if it is below the coastline, it is analyzed as a...
The MM Legend V2 is a two in one oscillator. The Rsi BB is the Rsi with BB volatility band with Demarker Ma for strong trend analysis. up/dn signals tell you the trend direction oversold/over bought levels candle mode for the rsi band blue/red back ground color to help identify the trend How to Use when the background is red, you have down signal, Demarker...
The MM Ultimate Hull Cross Is based on the nnfx trading strategy with a combination of a ribbon hull moving average, Vma, and Alma baseline for trend direction the hull ma with generate buy/sell signals the vma detects volume and will confirm your buy/sell signal buy turning red or green and grey for "hold" the Alma acts as your baseline and changes from green to...
This uses a Rescaled Range from Benoit Mandelbrot's Misbehavior of Markets to devise a Risk Range on stocks. A trading position can be managed by selling portions at the top of the risk range and selling at the bottom of the risk range. The Length parameter defines how wide the range is and how frequently the price will reach the range bands. The Vol Length...
"All stocks in the market have unique personalities in terms of implied volatility (their option prices). For example, one stock might have an implied volatility of 30%, while another has an implied volatility of 50%. Even more, the 30% IV stock might usually trade with 20% IV, in which case 30% is high. On the other hand, the 50% IV stock might usually trade with...
Description: This is a preprocessed and standardized version of RSI indicator. You can replace RSI with any other indicator of your choice. Use this code as a framework for your ideas. Time Threshold parameter is useful in handling a repainting issue. By setting it to higher values you can effectively eliminate repainting! Cumulative Return, Win/Loss and Win Rate...