♒ RBCI - Range Bound Channel Index by Cryptorhythms
This is my best approximation of the RBCI. Its not perfect, but it does the job well enough.
A good way to use it is to enter when the singal line (light blue) RE ENTERS the channel from below. I circled these points on the indicator in green.
Information to create was gathered mostly here:...
Tom Demark's Time and Money Channel with a Rumpy twist.
Not unlike bollinger bands, just 1-4x sigmas from the basis instead of standard deviations.
Thanks to LazyBear for the original TAM code.
If you find it useful please consider a tip/donation :
BTC - 3BMEXEDyWJ58eXUEALYPadbn1wwWKmf6sA
Vdub Binary Options SniperVX v1
Designed for Binary Options 60 sec trading upwards
Notes on chart
Please note the signal generated are configure to be super fast on candle opening. The down side to this is signals may switch direction mid stream.
ITM candlesticks signals generated went 6/300 Losses on a 1 min chart.
the blue line indicates reversal zones. Buy /...
HOW TO USE
1. Buy when green candles appear - this represents an uptrend.
2. Sell when red candles appear - this represents a downtrend.
Pro Tip: This indicator NEVER repaints so when a candle closes, that color is final. Also, the blue trend lines in the photos are not included, this is to demonstrate the principle of the indicator.
This is an updated and improved version of my "Price Action Trading strategy". I have added two extra optional filters, one is a trend direction filter based on the MACD slow EMA(17), blue line, and the other is a RSI(7) filter which works similarly to CCI(14) but slightly different dynamics (thank you to gianfranco60 for the suggestion). Also made a couple of...
This is my custom channel (Bear Channel!? :)) derived from BB/STARC. It uses both ATR/STDEV for plotting the bounds.
I use COG (Center of Gravity) for deriving the baseline. This enables it to track the price action better than many other channels that make use of MAs or simply "close". Indicator also marks "squeezes" (stdev bands come inside ATR bands). Pay...
I found myself using multiple bollinger bands a lot so I decided to add them all to one script and add the ability to adjust them by 0.2. It has helped me by not taking up as much space in the upper left corner as well as improving my in's and outs of trend continuation trades. If you manage to find a double top at +2 or greater deviation, and with a bearish...
Here's an oscillator derived from my previous script, Cycle Channel Clone ().
There are 2 oscillator plots - fast & slow. Fast plot shows the price location with in the medium term channel, while slow plot shows the location of short term midline of cycle channel with respect to medium term channel.
Usage of this is...
Plots three Average True Range channels as described in Alexander Elder's "The New Trading for a Living".
You can adjust the EMA and ATR days that are the basis of these channels.
This is my first script – happy to get any feedback on this! Thanks :)
The TRIMA is simply the SMA of the SMA -- a double-smoothed simple moving average . The end effect of the double smoothing is that greater weight is placed on values near the middle of the lookback period. It therefore reacts relatively slowly to price changes compared to most moving averages .
But why would I want more lag?
One potential use of this moving...
Wave Channel 3D
Built by Ricardo idea from JR & Aloakdutt from indieTrades Jan. 2010
This indicator is very easy to build. We utilize Moving Averages with a set multiplier and an offset. Specially we try to use Fibonacci sequence series numbers (1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144...) as time space and multiplier (default 89, 8). Also included is Donchian...
I think everybody knows the Double Bottom Pattern, so I omit the introduction.
The algorithm uses 8 internal watchers to identify the incomplete W-pattern. If any of the watchers finds the pattern, the signal will be plotted on the chart. You can customize the lookback periods for the watchers as well as you can specify the precision of the difference between two...
I decided to make this formerly invite only script public (you can find the invite only version here
If you are part of the invite only you don't need to change scripts. I will push improvements first on the invite only script but in time it will come to this version as well.
I would love to know your ideas...
RSI Donchian Channels
Built by Ricardo and JR
Here is a great indicator to use for strong trends. Donchian Channels react immediately to changes in the highest high and lowest low. For strong trends you want to trade when RSI is set along the upper or lower DC-RSI envelope. When the RSI releases from the DC-RSI envelope, you can take the trade off....
I wrote this up as a potential replacement for my BB based strategies, and so far it's looking pretty nice.
Description / Usage:
Adjust length and multiplier much the same way you would expect with Bollinger Bands.
Multiplier of 1 gives you a base channel consisting of one high, and one low sourced SMA (or EMA)
The outer channels are increments of the base...