This gives you the ability to track multiple tickers correlation aspects compared to the ticker you are currently viewing.
You can plot the background color and also shapes above the candles.
I personally only see the use of negative correlation to be of much use as most moves that have a heavy negative correlation with other largecaps are likely to get faded by...
How to trade:
Recommended for longer timeframes.
Red color means potential oversold
Green color meas potential overbought
+ A 9P is a potential reversal
++ A 13 is a more potential reversal
+++ A 13P is a more potential reversal
++++ '9' setups or '13' countdowns across multiple timeframes are the best possible signal. e.g. a monthly 9, a weekly 9, a daily...
This script contains no trading value. This is no indicator.
It is only showing how to use a powerful editor feature:
To collapse (hide, fold) and expand (unhide, unfold) some blocks of your code.
Don't tell me you never wished it was there ;)
Well - it is!
How to enable it?
Look at line 4 of this script. It starts with //, but then there is this "opening...
Dear all, you might wonder is there a confirmation indicator that has a high hit rate, is dependable, and could rely on the information it gives you when making a decision?
Here I present an indicator I developed specifically for cryptocurrency, in the minds of eliminating fakeouts and traps.
Trend is always invalid then there is a lack of volume, so by...
This is a little, simple script I made upon request from a user.
It shows the highs ad lows of up to three custom timelines (e. g. 60 min, 30 min and 15 min) within a chart.
Dies ist ein kleines, einfaches Skript, das ich auf Anfrage eines Nutzers erstellt habe.
Es zeigt die Hochs und Tiefs von bis zu drei individueller Zeitreihen (z. B. 60...
• Zig Zag indicator plots points on the chart whenever prices reverse
by a percentage greater than a pre-chosen variable.
• Forecasts area based on zigzag statistics.
• Displays labels with detected patterns.
• Displays slope information rate of price, time diferentials and angle(experimental)
This is a derivation of the On Balance Volume Indicator.
The idea behind it is that volume consists of two parts. The driving theory is the basic law of supply and demand.
Part 1: Volume consists of shares traded at an equilibrium price. An equal number of buyers and sellers are present during this volume. This area is displayed as the upper and lower shadows...
OBV is colored green if CCI > threshold, red if CCI < threshold.
Both "threshold" and "CCI Length" can be customized using the options page.
Indicator also displays a 13EMA (length can be changed) over OBV.
Volume Accumulation Percentage Indicator (VAPI) is a variation of the classic volume-accumulation indicators. It uses volume the same way as OBV except that it assigns volume weights based on intraday volatility.
In a positive trend, if the stock price is close to a (local) new high, the VAPI should be at its maximum as well (and vice versa for a negative...