This tool is used to draw wedges. Traders can choose which pivot points to draw lines from in settings. Wedge Maker does not automatically detect current wedge and is required to be tweaked in settings.
This study interprets SuperTrend with Ichimoku Cloud, one of the popular technical analysis indicator, and interprets Directional Movement (DMI), which is another quite valuable technical analysis indicator.
Then combines the interpreted SuperTrend with interpreted Directional Movement (DMI) and Volume Based Colored Bars indicator created by Kıvaç ÖZBİLGİÇ...
Ichimoku Cloud All Signals!
This indicator shows all Ichimoku Cloud signals for (entering/exiting/confirming/or even staying) in a position.
you can choose a signal related to your strategy and use it.
you can choose which signals to be shown on the chart by changing the settings.
here are some examples of signals that you can get from this...
This is a intraday indicator. Only to be used on timeframe less than daily charts.
This indicator purely uses volume to plot the graph. The indicator helps in conforming a breakout strategy.
This indicator is advanced version of my previously developed indicator you can check this link
Total volume is made up of buying volume and selling volume . Buying...
The purpose of this script is to decipher chop zones from runs/movement/explosion
The chop is RSI movement between 40 and 60
tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored black, a series of black bars is tight consolidation and should explode imminently. The...
Here signals are based on the pivot high and pivot lows. Factors taken into account in understanding the breakout or breakdown are:
candle bar is not opening candle
must be near pivot high or low
Use once candle closes else you might get trapped in certain cases so be careful
This is a contrarian entry strategy for trading false breakouts. The high/low of the breakout bar is used for the entry in the opposite direction.
To reduce repainting set ptype variable to OHL3.
This is a follow up to my previous publication of Adaptive HMA+ few months ago, as a mean to provide some kind of initial backtesting tools. Which can be use to explore many possible strategies, optimise its settings to better conform user's pair/tf, and hopefully able to help tweaking your general strategy.
If you haven't read the study or use the indicator,...
A little, yet hopefully useful update over my previous "Multi Bollinger Heat Bands". For those who like quick visual cue's.
In short: It's your Basic Bollinger Bands, but 3 of them, and some pointy things.
Three stacked SMA based Bollinger Bands designed just to give you a quick visual on the "heat" of movement.
Set inner band as you would expect,...
Hi fellow traders..
Happy to share a Linear Regression & RSI Multi-Function Custom Screener with Table-Labels...
The Screener scans for Linear Regression 2-SD Breakouts and RSI OB/OS levels for the coded tickers and gives Summary alerts
Uses Tables (dynamica resizing) for the scanner output instead of standard labels!
This Screener cum indicator collection has...
Version 2 of my fractal pattern aid ( Version 1 ).
I added a bouncing line between the high and low trend lines, connecting consecutive extreme points. I also chased down a pesky bug in the slope calculation...and for now I have disabled the ability to change resolution basis for extreme detection (e.g. 30m on a 1hr chart).
For fun, I added some shading to make...
This indicator compares four different values :
-Fast Simple Moving Average(SMA)
-Fast Volume Weighted Moving Average(VWMA)
Comparing SMA's and VWMA's of the same length is a common trading tactic. Since volume is not taken into consideration when calculating Simple Moving Averages, we can gain valuable insights from the...
Exits added using trailing stops.
2.6 Profit Factor and 76% Profitable on SPY , 5M - I think it's a pretty good number for an automated strategy that uses Pivots. I don't think it's possible to add volume and day open price in relation to pivot levels -- that's what I do manually ..
Still trying to add EMA for exits.. it will increase profitability. You can...
Disclaimer: Use proper risk management and remember that all trading involves risk.
Based on RicardoSantos' "Open Session Breakout Trader Strategy"
I turned it into a study and tweaked it for trading Silver
My goal when creating this was to help visualize breakout lines for multiple trading days at the same time without having to always draw them in.