Price Clouds (PS)
Price could shows you dynamic support resistance levels. It also displays two bands (ie clouds) that show you where the trend is. If the price hits the bottom of the high band thats a buy and if it hits the top of the high band its a sell. During times of volatility the price can break support but you will find that the opposite band will work as the next level. I added tool tips for every option to help explain what everything does and I also left suggestions for other settings.
This works great on everything! That being said I have this setup in a general way that works really well for 20m forex. If you are scalping you might want to speed up the indicator. This is also true if you want go to the daily chart or above. Adjust the Stdev to match the market.. and I mean really play around with.. dont be shy! With all that out of the way this really will work out of the box. If you like this indicator its actually the same thing as my (PBS) but this one is an overlay on the chart. (Also as of publishing this script the code for this version is way cleaner. In fact I plan on replacing PBS with this as its base)
If you find this indicator is useful to you, Star it, Follow, Donate, Like and Share.
Your support is a highly motivation for me.
This works great on everything! That being said I have this setup in a general way that works really well for 20m forex. If you are scalping you might want to speed up the indicator. This is also true if you want go to the daily chart or above. Adjust the Stdev to match the market.. and I mean really play around with.. dont be shy! With all that out of the way this really will work out of the box. If you like this indicator its actually the same thing as my (PBS) but this one is an overlay on the chart. (Also as of publishing this script the code for this version is way cleaner. In fact I plan on replacing PBS with this as its base)
If you find this indicator is useful to you, Star it, Follow, Donate, Like and Share.
Your support is a highly motivation for me.
הערות שחרור:
Quick fix on the chart
הערות שחרור:
chart should be fixed for real
הערות שחרור:
tool tip update
הערות שחרור:
Major update that over doubles the power of the study. Twice the lines making the clouds work way better. 6 ma's where added: TMA, WMA, HALMA, SMMA, VWMA, and GMA.
הערות שחרור:
tool tip update
הערות שחרור:
quick fix with input order lol
הערות שחרור:
Fixed input order (now that its not the middle of the "next morning" lol)
הערות שחרור:
Added mean line and background.
הערות שחרור:
Actually fixed input order. Updated tool tips. Added KAMA and fixed Smoothed Moving Average "smma". Updated default setting. Updated bg colours.
הערות שחרור:
oscillator version found here
הערות שחרור:
Greatly improved controls.
הערות שחרור:
chart
הערות שחרור:
Thank you
הערות שחרור:
Redone from the ground up. Added Geometric STDV.
הערות שחרור:
mild update
הערות שחרור:
removed a broken ma
הערות שחרור:
I should go to bed before updating lol
הערות שחרור:
this should be a stable release now
הערות שחרור:
fixed a small hickup with the default bottom source