Smoother Momentum Stops (SMS) is a dynamic tool that combines the logic of momentum and moving averages to create an overlay of the market price and generate potential trade signals. The original idea for this indicator comes from the beloved and esteemed trading indicator guru Mladen Rakic. Understanding the Framework The SMS incorporates various aspects of...
-----------Description------------- This indicator is basically Bollinger bands with many ways to customize. It uses highest and lowest values of upper and lower band for exits. I think something is wrong with the script but cant find any mistakes – most probably smoothing. The ATR filter is implemented but is working incorrectly. In code you can also turn it into...
A trend following indicator that allows traders/investors to enter trades for the long term, as it is mainly tested on the daily chart. The indicator fires off buy and sell signals. The sell signals can be turned off as trader can decide to use this indicator for long term buy signals. The buy signals are indicated by the green diamonds, and the red diamonds show...
This script is a little widget that I made to do some homework on the VIX. As you can see in the chart I was analyzing the 2008 market crash and the stats that followed it after until the market started to recover. You can see that theory in my "Ideas" tab. This is an interactive set of lines that you can use to count the the bars inside and outside of your...
This is an old script that I use with some useful RSI strategies from "Technical Analysis for the Trading Professional" 2nd edition by Constance Brown. The base RSI comes with the option for custom length, and has some pre-configured ranges for looking at exits and entrances. The idea is to be bullish when bounces happen in the red zone during an already bullish...
Diddly Real Volume Trend is an indicator to help traders identify the real trending direction of an asset, it achieves this by using liquidity to assess the overall buying and selling volume sentiment of a market place. What is Liquidity Liquidity refers to the ability of an asset to be turned into cash. Cash is the more liquid form of any asset, whereas...
The Volatility Gap Tracker ( *VGT ) indicator calculates the historical volatility of an asset using the standard deviation of the natural logarithm of the closing price relative to the previous period's closing price. *VGT visualizes the HV with gap lines to highlight when the current HV has increased or decreased significantly compared to the previous period,...
What is the expansion index? The expansion index is a concept that charts the relative strength or weakness based on the comparison of recent price changes and overall prices changes for the period. It can be used as an momentum oscillator and show overbought or oversold price conditions by measuring the relation between the sum of "strong" price changes (which...
With the TWA Surge indicator we make price and volume impulses easy to read. Ideally if you are looking to go long look for a red surge and if your looking to go short look for a green surge. Volume traders out there always wonder if its a bull rush or a falling knife and not sure when that push of volume and momentum will slow down. That's where the borders of...
Why use the Flat Market and Low ADX Indicator ? Flat markets, where prices remain within a narrow range for an extended period, can be both critical and dangerous for traders. In a flat market, the price action becomes less predictable, and traders may struggle to find profitable trading opportunities. As a result, many traders may decide to take a break from...
Rekt Edge Reversion band is a technical indicator that utilizes a combination of moving averages and standard deviations to determine optimal entry and exit points in the market. By comparing the current price to its moving average, the indicator identifies potential trends and determines how you can position around them by plotting buy/sell signals and two...
This indicator allows you to calculate the precise volatility in real time > Allows analyzing the periods of high/low volatility > Also to do a technical analysis on the volatility of each bar > It works with all assets as well as all periods Here are the different Values: Upper Volatility Calculation 1 open to close 2 open to high 3 upper shadow Lower...
The Fibonacci Step Indicator assumes irregularity in calculating a moving average. It is measured as the mean of the previous lows and highs situated at Fibonacci past periods. For example, the mean of the lows from 2, 3, 5, 8, etc. periods ago form the Fibonacci step indicator. The indicator uses the formula for the first twelve Fibonacci numbers on highs and...
Trop Bands is a tool that uses an exponential moving average (EMA) as its central trendline and upper and lower bands to identify potential buying and selling opportunities in the market. The bands are calculated based on recent moves away from the EMA, and they are plotted around the central trendline to provide a visual representation of market trends and...
Synapse Level Index Indicator This indicator simply allows the user to set their desired "Lookback Period", and "Lookahead Period" in the Bars Back and Bars Ahead, Pivot Settings. Once selected, the indicator tracks the highest high from X Bars Ahead, and the lowest low, from Y Bars Back. Then, the indicator calculates the Mean Value. Then, the indicator...
The RSI is a contrarian indicator bounded between 0 and 100 where values close to the area of 30 represent an oversold condition and values close to the area of 70 represent an overbought condition. Generally, we use the area of 70/75 and the area of 30/25 as extremes that signal a market reversal or a correction. But what if we calculate a simple way to make...
============ ENGLISH ============ - Description: This is a utility indicator, it prints a table with ATR for 3 custom timeframes, using the ATR of basis, it calculates volatility (%) and a recommended leverage depending on your risk settings. I use this tool to determine the leverage for each asset and keep the same risk management for all of them. - Visual: It...
Buying and selling pressure is a volatility indicator which denotes the balance between buyers and sellers inside candlestick. You set the length to average it just like ATR. But This offers further break down of participants of the market. Pretty much at any condition of the market the indicator can filter out interesting details to make trading decisions...