CFB tells you how long the market has been in a quality trend. This value can be used to adjust the period length of other indicators, especially stochastic bands.In order to quantify the overall duration of a market's trend, we replaced classical cycle analysis methods (FFT, MEM, MESA) with a form of analysis that works even when no cycles exist. We accomplished...
The ADX indicator uses a smoothing moving average in its calculation and we find out that the best ADX indicator settings to use is 14 periods. ... The ADX indicator can only help us to gauge the intensity of the trend so we need to RSI or Ewo indicator for entry signals. Gray color is hold, lime buy and orange sell.
Slope direction line provides an opportunity to detect various peculiarities and patterns in price dynamics that are invisible to the naked eye. Based on this information, traders can take the price movement further and adjust their strategy accordingly.
Moving averages for 5m time frame. The 96 and 252 are the 8 and 21 on 1h Inspired by this simple scalping strategy
A utility tool to find linear relationships between major forex pairs and specified symbol. Features 30 well known forex pairs (Pine Script has its limits and incomprehensible "study" errors) Ability to specify any symbol to see correlations Ability to specify a preferred timeframe Ability to specify correlation lookback Ability to specify...
Step Moving Average The indicator calculates the moving average and draws price movement in steps. To some extent, it is similar to a Renko chart, because a new horizontal line is drawn after the prices moves a fixed distance in any direction.
Multi-trend advisor is based on the classic indicators Exponential Moving Average (EMA) with optional parameters and filter to confirm the order opening the indicator Relative Strength Index (RSI) on the signal and selectively EMA. Orders are opened while crossing at a slow fast EMA EMA or vice versa, a confirmation signal filtering.
This indicator combines Moving Average (MA) and Average True Range (ATR) to visualize potential trade signals
Hades Indicator is a good swing indicator based on trends The base of Hades Indicator is calculated from crossing of two moving averages to establish the trend and another two moving averages for entries and exits or longs and shorts. The rules are simple: go long when background turns green and exit when turns yellow and go short when backgroun turns red and...
Dionysus is a good swing indicator with nice results in any timeframe Easy to use, you need to adjust the lenght for your needs Percentlines added for Take Profits and Stop Loss for best results (you can change them as you wish) Yellow line is the transition from long to shot or entries and exits points Alerts are enabled Enjoy! @ Zekis
The Variable Index Dynamic Average (VIDYA) was developed by Tushar Chande. The calculation of this indicator is analogous to that of the Exponential Moving Average (EMA) with a dynamically adjusted lookback period that depends on relative price volatility. The higher the volatility, the higher the emphasis on price becomes and the faster VIDYA adapts to price...
Ares Indicator System Algorithm based on historical price probabilities, with moving averages modified for optimal results. Buy/Long when background turns green. Sell/Short when background turns red. There are 3 Take Profits and a Stop Loss, marked with lines for a better view and with symbols when it get there. You can set them as you want to meet your...
The DBT Squeeze Scanner helps you keep an eye on 10 instruments at the same time. It uses a modified version of the DBT Squeeze strategy and scans this strategy against 10 instruments at the same time. The scanner looks for areas of low volatility signified by a Bollinger Band squeeze and a light blue coloring on the scanner. Once it is squeezing it looks for...
This indicator simply displays RSI on 4 time frames. You can configure individual RSI lengths as well. The first two RSIs are more visible to prevent clustering. It is possible to define oversold / overbought areas and the script displays the middle line as well. A couple of use cases: Comparison of 7, 12, 18 and 24 RSIs on a given time frame Comparison of...