Algoflow's Levels Plotter - Indicator
Release Date: Oct. 04, 2023
Release version: v2.3
Release notes date: Oct. 04, 2023
Parses user's input of values of levels to be plotted on the chart for NQ & ES futures
Quick plotting of predetermined price levels.
-Type or copy from another source of values in a predetermined output format.
The Silph Scope provides traders with a visual interpretation of the Relative Strength Index (RSI) and its variations.
RSI Calculation: At its core, the indicator uses the RSI, a common tool to measure the speed and change of price movements. It returns a value between 0 and 100 and is typically used to identify overbought or oversold conditions...
This indicator provides a new approach to creating price zones that can be used as support and resistance. The approach does not use pivot points or Fibonacci levels. Instead, it uses the frequency of occurence of local maxima and minima to determine zones of interest where price often changed direction.
The algorithm is as follows:
- Gather price data from the...
This indicator provided here is for identifying swing-based support and resistance levels. It uses two swing lengths, which can be adjusted by the user, to identify swings in the price data. For each swing length, the script calculates the support level as the low of the swing if the trend is up, or the high of the swing if the trend is down. It then plots the...
Introducing Sebastine Gap Detector Indicator v5, a useful tool designed to enhance your trading experience by helping you identify and monitor gap openings. This indicator is a convenient addition to your trading toolkit, assisting you in staying vigilant and making informed decisions as gaps tend to get filled during the trading day.
The God Candle, identifies significant engulfing candles based on specific volume and structure criteria. It is utilized for highlighting potential pivot points in a market, which can signal reversals.
How it works:
Volume Conditions: The indicator determines high volume events relative to an average volume. Specifically, it identifies candles where the volume...
The Volumetric Toolkit is a complete and comprehensive set of tools that display price action-related analysis methods from volume data.
A total of 4 features are included within the toolkit. Symbols that do not include volume data will not be supported by the script.
The volumetric toolkit puts a heavy focus on price action, returning...
This indicator plot horizontal lines above and below the current price. they show the level of whole round number around the current price. these levels normal act as magnet where price movement tend to stop at them for a while. they can be used as support, resistance, take profit or stop limit.
Intraday Trading Strategy: Long-Only Opening Range Breakout (ORB) with Pivot Points
Opening Range Breakout (ORB) is a popular long-only trading strategy that capitalizes on the early morning volatility in financial markets. It's based on the idea that the initial price movements during the first few minutes or hours of the trading day can set...
What is it, How to use it, How to adjust the settings? What Calculates EQ Level?
What is it?
EQ, Equilibrium, In the money market, the term "equilibrium" or "equilibrium" refers to the point at which supply and demand are equalised. At this point, money supply and money demand meet each other and interest rates stabilise at a certain level. Equilibrium in the...
Just as "a butterfly can flap its wings over a flower in China and cause a hurricane in the Caribbean" (Edward Lorenz), small divergences in markets can signal big trading opportunities.
This is a script forked from LonesomeTheBlue's Divergence for Many Indicators v4.
It is a script that checks for divergence between price and many indicators.
This script visually represents the initial balance (IB) for three major trading sessions: New York, London, and Tokyo. The IB is determined based on the high and low established in the first hour of each session. The script also allows for extensions of these lines throughout the day to serve as potential support and resistance points.
Trading the Initial...
As soon as you call this indicator, it asks you to define the range. Select the bottom and the top of the range. Next, set your alarm. There are 3 alarm options:
1: Bottom of the range breakout
2: Top of the range breakout
3: Bottom or top of the range breakout
As soon as you close a candle outside the selected range, only then will the alarm be triggered.
Cpr for Day/week/month/year has been coded. It has offset for tomorrow cpr levels(has to adjusted in indicator settings depending on time frame) Unique as i did not find a cpr for all times frames.useful for beginners
This simple script draw Fibonacci Retracement to define pullback level and draw Fibonacci Extension to define target level of a upward wave or doward wave
1. Upward wave
1.1 Fibonacci Retracement
+ Fibonacci Retracement measuare from support to nearest resistance on the right.
+ Retracement Level 0 named as "Breake Even"
+ Retracement Level 100...
This is a CPR which indicates pivot points based on monthly price action.
The Orange line acts as a resistance area, blue lines act as pivot point/CPR and green one is support.
One can study retrospective chart to analyse how market has respected these Support and Resistance levels.
A guide on how to trade using this indicator?
1. If you see the resistance is...
The Psychological Support/Resistance indicator aims to provide the user with hypothetical support and resistance zones that are likely to provoke a strong reaction in price, either in both directions, providing good bouncing zones or significant movements once those levels are breached.
The script takes into consideration the total number of...