VIX Reversal Scalper by Trend Friend - Stocks OnlyVIX REVERSAL SCALPER BY TREND FRIEND - STOCKS ONLY
This indicator is built for scalping, but can be used for swing trades by adjusting the signal settings to a higher number.
This indicator is meant for stocks with a lot of price action and volatility, so for best results, use it on charts that move similar to the S&P 500 or other similar charts.
This indicator uses real time data from the stock market overall, so it should only be used on stocks and will only give a few signals during after hours. It does work ok for crypto, but will not give signals when the US stock market is closed.
**HOW TO USE**
When the VIX Volatility Index trend changes direction, it will give a bull or bear signal on the chart depending on which way the VIX is now trending. Follow these when price is near support/resistance or fibonacci levels.
For more signals with earlier entries, go into settings and reduce the number. 10-100 is best for scalping. For less signals with later entries, change the number to a higher value. Use 100-500 for swing trades. Can go higher for long swing trades.
***MARKETS***
This indicator should only be used on the US stock markets as signals are given based on the VIX volatility index which measures volatility of the US Stock Markets.
***TIMEFRAMES***
This indicator works on all time frames.
**NOTE**
Repainting does happen but it is seldom. If I get enough requests to remove repainting I will, but since it is built for early entries, preventing it from repainting will make the signals show up later than normal.
Due to various factors, this indicator might not give exit signals every time it should, so be sure to watch the price action for entries/exits and don't rely solely on this indicator.
**INVERSE CHARTS**
If you are using this on an inverse ETF and the signals are showing backwards, please comment with what chart it is and I will configure the indicator to give the correct signals. I have included over 50 inverse ETFs into the code to show the correct signals on inverse charts, but I'm sure there are some that I have missed so feel free to let me know and I will update the script with the requested tickers.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index, Volume Profile, Auto Support And Resistance and Money Flow Index in combination with this Vix Reversal Scalper. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
חפש סקריפטים עבור "volume profile"
Momentum With Bullish & Bearish LabelMOMENTUM WITH BULLISH AND BEARISH SIGNALS
This is a momentum oscillator that paints red or green depending on whether Momentum is above or below the zero line. It includes a label on the right hand side that will reflect the bullish or bearish direction of the current momentum by changing colors to red or green and text telling you Bullish or Bearish.
***HOW TO USE***
When Momentum is above zero, it is bullish. When Momentum is below zero it is bearish.
A label on the right side will update in real time to tell you if momentum is Bullish or Bearish for faster recognition of the trend.
When momentum is above the zero line(Bullish) but trending downward, a second label will show up in purple to notify you of a change in momentum direction.
When momentum is below the zero line(Bearish) but trending upward, a second label will show up in purple to notify you of a change in momentum direction.
This indicator was built to help you quickly identify the Bullish or Bearish nature of the current Momentum using colors as well as a live color changing label so you can glance at the label and understand it's direction without analyzing the indicator data.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This momentum indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index, Volume Profile, Auto Support And Resistance and Money Flow Index in combination with this Momentum Oscillator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Directional Movement Index + Fisher Price Action With LabelsDIRECTIONAL MOVEMENT INDEX + FISHER PRICE ACTION WITH LABELS
Directional Movement Index shows buy and sell pressure.
Fisher transform shows price action trending bullish or bearish.
Caution dots notify you of conflicting trends.
***HOW TO USE***
The top lines are the fisher transform showing you the price action trend.
The bottom lines filled with color shows the DMI directional movement index.
The yellow dots at the bottom tell you if these two indicators are currently giving conflicting signals.
DMI
If the green line is above the red line and the background is colored green, there is more market buying than selling.
If the red line is above the green line and the background is colored red, there is more market selling than buying.
FISHER TRANSFORM
If the lines are painted green, the price action is trending up.
If the lines are painted red, the price action is trending down.
CAUTION DOTS
If a yellow dot shows up at the bottom of the chart, it is notifying you that the DMI and Fisher Transform are currently giving opposite signals…. so use caution.
***BULLISH/BEARISH LABEL***
There is also a label on the right side that tells you whether there is more buying or selling. This table updates in real time and changes colors so you can get an easy, quick interpretation of the current buy/sell pressure without having to look at the indicator data so you can make faster decisions on whether to enter or exit a trade.
Green means more market buying than selling.
Red means more market selling than buying.
Blue means an equal amount of market buying and selling.
If buying pressure is bullish but below the 20 level, a second label will show up in purple letting you know there is weak buying pressure so use caution.
If selling pressure is bearish but below the 20 level, a second label will show up in purple letting you know there is weak selling pressure so use caution.
There is a third label showing the current trend of the fisher transform. Green means bullish price action. Red means bearish price action.
The fourth label is orange and only shows up when the DMI and Fisher Transform are currently giving opposite signals, so make sure you use caution during those times.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This directional movement index + fisher transform indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Volume Profile, Momentum, Auto Support And Resistance and Money Flow Index in combination with this Directional Movement Index + Fisher Transform. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Money Flow Index With Bullish & Bearish SignalsMONEY FLOW INDEX WITH BULLISH AND BEARISH SIGNALS
Money Flow Index shows whether money is coming into the market or going out of the market. This can be used to gauge market sentiment and whether people are buying or selling at the current price.
***HOW TO USE***
If the MFI line is green, it is above the 50 line and in a bullish trend.
If the MFI line is red, it is below the 50 line and in a bearish trend.
If the background color is green, Money Flow is in a bullish trend, holding above the 50 line.
If the background color is red, Money Flow is in a bearish trend, holding below the 50 line.
If the MFI is above the 75 level it indicates a possible top or overbought conditions.
If the MFI is below the 25 level it indicates a possible bottom or oversold conditions.
***BULLISH/BEARISH LABELS***
There is also a label on the right side that tells you whether the overall trend is bullish or bearish, if there is a possible bottom or top and if the current money flow index is going up or down. This table updates in real time and changes colors so you can get an easy, quick interpretation of the current money flow without having to look at the data so you can make faster decisions on whether to enter or exit a trade. The flashing from red to green or the opposite also grabs your attention so you know immediately if there is a change in trend. The table changes colors in sync with the MFI line and it's trends and bottom/top areas. Green means money is coming in. Red means money is going out. Blue means a neutral amount of money flow.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This Money Flow Index indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, DMI, Momentum, Auto Support And Resistance and Volume Profile in combination with this Money Flow Index. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Candles Colored Green/Red According To Buy & Sell PressureCANDLES COLORED GREEN OR RED ACCORDING TO BUY & SELL PRESSURE
This indicator paints each candle green, red or blue depending on whether the buy/sell pressure for that candle is bullish, bearish or neutral.
***TURN OFF NORMAL CANDLE COLORS***
For this script to show properly on the chart, make sure you go to chart settings(gear icon in top right corner) and in the symbol tab, uncheck body, borders and wick.
***HOW TO USE***
When the directional movement index indicator shows more buying pressure than selling pressure, the candle will appear lime green. This indicates bullish buying pressure.
When the directional movement index indicator shows more selling pressure than buying pressure, the candle will appear red. This indicates bearish selling pressure.
When the directional movement index indicator shows the same amount of buy and sell pressure, the candle will appear blue. This indicates neutral buy/sell pressure.
Use the color changes to see if there is more buying or selling to pinpoint reversals and understand current market buying. Wait to enter or exit positions until the candles turn the opposite color.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This DMI color coded candlestick indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index, Color Coded Buy & Sell Pressure Volume Profile, Auto Support And Resistance and Money Flow Index in combination with this Buy & Sell pressure Candle indicator.
Initial Balance (IB) and Previous Day / Week High, Low & ClosePlots Historical key levels for volume profile idea.
Plots the following:
- Previous Day High
- Previous Day Low
- Previous Day Close
- Previous Day IB High
- Previous Day IB Low
- Current Days IB High
- Current Days IB Low
IB is based on first hour of trading.
Made specifically for ASX stocks, have not tested it on other exchanges or assets.