Relative Strength Index (RSI) is being used by majority of the traders to get benefitted based on the swings. But these swings are hard to Identify. This Indicator uses 4 major factors for finding the potential reversal points: RSI Crossover or crossunder Relative volume Overall volume against the moving average volume Relative closing of the candles ...
Here I made a strategy out of my indicator. So, the trigger is double low/high on 1 week candle chart. Entrance: close of the next candle if it's low/high higher/lower than previous one. (in most cases it's precise for backtesting) Stop loss: long:low-one tick, short:high+one tick Take profit: ATR*Multiplier (you can tune it in properties)
If you are using support/resistance level-based strategies in your trading then this indicator can help you. I think that the retest level strategy is the best for beginners due to its simplicity of risk/reward calculations and higher abundance on the market. There is a well-known method to recognize a big player (buyer/seller) by candlestick pattern where the...
Hi everyone, I'm sharing a simple script I made for a friend. He was looking for a way to add another asset to his chart, and monitor relevant movements \ spot eventual correlation, especially when trading Cryptocurrencies. We couldn't find a similar script already available so here it is - the code is commented and I hope it's clear enough :) Notes: - The...
This indicator aims to compare between two charts if trader isn't sure which one is more active and powerful, it does NOT show entries or help your chart analysis directly. The main features of this indicator is to show vitality and range of any given chart. Volatility: it calculates the average profit of every swing in the range and the final result will be...
This indicator displays HTF candles and pivot points. The candles are displayed in a box and you can select Open-Close, High-Low or both. You can show all of the past, or just "today only" or "previous day only". You can also shift one previous candle to the current one. The pivot point is the normal one. There is an option to display CPR (Central pivot...
This script is an utility tool for manual backtesting. The main problem in backtesting a discretionary strategy is the bias of knowing the future result of the market, in this way all the market will be crushed into a flat line, this way you can avoid bias. The way to use this indicator is easy and made by 4 step: Step 1 : add to an asset you won't backtest and...
** SSS 50% - 4HR, 8HR, Day and Week Timeframe Edition ** This indicator is based on Sara Strat Sniper's - 50% Rule for trading Outside Bars and helps you visual the method quickly. As per user request this indicator allows you to select: Outside 4HR, 8HR, Daily and Weekly 50% Levels with Previous High and Low Levels, available within the indicators...
Finds doji and its breakout. It'll find the doji, detect the breakout and alert the user. Also will tell the possible reward based of rr ratio.
The indicator marks the last fractal highs and lows (W,D,4H and 1H options) to help determine current market structure. The script was created to help with directional bias but also as a MTF visual aid for stop hunts/liquidity raids. Liquidity areas are where we assume trader's stop losses would be when buying or selling. Liquidity lies above and below swing...
The main purpose of this indicator is to facilitate backtesting, but it may also be useful for traders to easily identify the current active/open trading sessions on lower-timeframe charts. This indicator also tracks the session high/low difference and plots it as a label on the last candle of the session once the last bar of that session has finished printing...
NOTICE: First thing you need to know, it "DOES NOT" reflect the price of the ticker you will load it on. THIS IS NOT AN INDICATOR FOR TRADING! It's a developer tool solely generating random values that look exactly like the fractals we observe every single day. This script's generated candles are as fake as the never ending garbage news cycles we are often force...
About gaps: A gap is a “jump” in a security’s price between the Open and the Prior Close . Gaps are very common in stocks during opening hours, especially when accompanied by catalysts. What this indicator does: This script will identify gaps that remained unfilled for at least one candle. It is very common for gaps to be filled on the first candle,...
An extension (supporting script) for Waves series (e.g. Waves + ZOOnes). It detects candlestick patterns and: supports merging few candles into one to get more sensitive candlestick patterns detection supports filtering in the context of current wave (but it cannot draw the wave by itself) It supports filtering based on 2 rulesets/wave variants: Low -...
A quick, easy way to swap out colour palettes. Simple cosmetic, but charts are allowed to be fun too!
Biggest problem that when we use normal heikin-ashi candlestick pattern then all applied indicator values also changes Like Pivot Point with CPR ,,, EMA,,, SMA including VWAP indicator value So , this indicator help us plot Heikinashi candles on Normal candles Please follow below steps: Add this indicator to chart Go to setting >> un-tick Body, Border and Wick...
Always missing hammer and shooting star candlestick pattern? This script will help you to alert hammer shooting star candlestick. Please leave your comments for improving this script.