Hello this is my new indicator. Purpose of this indicator is to find the strength of the trend. This indicator was developed by RSI(14) and Stochastic(50) How to used Red = RSI(14) & Sto(50) < 40 Lightblue = RSI(14) >= 50 and Sto(40) < 50 Darkblue = RSI(14) & Sto(40) >= 50 Green = Sto(40) >= 80 Yellow = RSI(14) < 50 and Sto(40) >= 50 Buy&Sell...
The Average Directional movement indeX (ADX) is an indicator that helps you determine the trend direction, pivot points, and much more else! But it looks not so easy as other famous indicators. It seems strange or even terrible, but don't be afraid. Let's understand how it works and get its power into your analysis tactics. In the beginning, imagine a drunk man...
This indicator defines the impact of volume on the volume-weighted moving average, emphasizing trends with greater volume. What determines a security’s value? Price is the agreement to exchange despite the possible disagreement in value. Price is the conviction, emotion, and volition of investors. It is not a constant but is influenced by information, opinions,...
/ This script calculates the daily resistance and support levels. The entry is when the close breaks these levels. // Then it sets 4 exit lines, if the backtraces these lines you've got your normal exit. // If the close crosses the TP you've got your TP exit. And if the close crosses the SL you've got your SL exit. // This is the good part --> If the...
G TREND indicator follows trends based on higher open or close based on trend direction
This is a very simple Bollinger Band strategy with stochastic oscillator added. Main trend is determined by Band breakout while (5,3,3) stochastic crosses is used for additional entries. Alert function is configured as "one alert for any events", so that free users can set up and get alert for every events in the script. The following code segment can be...
This is the slope of linear regression plotted as a histogram. It has a threshold for the slope in case there is a minimum slope amount that the user wants for it to show green or red. The color shows a dim and bright effect depending on the direction of the slope to better show its rise and fall. You can set the length of the slope in the input setting...
always a trader must check the bitcoins Dominance and if its ok can make a deal on AltCoins this indicator Monitor the BTC.D and check the trend with ATR and give you results please just check it in 1D timeframe when the color was white you can easily trade and if the color was red you should be aware the risk and rest or maybe close the deals BINANCE:EOSUSDT...
Release Note: Idea of this script is to ride on the trend. Multiple dynamic support and resistance are identified and those levels are used Step Lines: There are 3 different periods by default are used to define 3 different step lines. On any trend, either of these 3 steps shall play major role Color Strength: Change in Red & Green color and its...
An interesting experiment to make an indicator act as a counter. I call it CCH - Close Counter Histogram. It adds 1 when current close is higher than previous close and reduces -1 when current close is lower than previous close. In the CCH settings you set how many bars to look back and use EMA to smooth the results or disable EMA smoothing. Disable the EMA...
Hello friends, As per many experts, supertrend indicator is best to use in combination with other indicators like MACD and RSI. The best thing about supertrend it sends out accurate signals on precise time. The indicator offers quickest technical analysis to enable the intraday traders to make faster decisions. It is extremely simple to use and...
Yet another Array indicator, simple, but efficient which i call ADO. The indicator acts as a COUNTER of when CLOSE closes above OPEN and vice versa based on specified look back period in settings. If we have more Closes above Opens, obviously the indicator will be above ZERO and GREEN, otherwise RED. Optional to smooth it by EMA (true by default). Like if you...
Thanks to The Sweet Lord , here is the Gaur's Polynomial Regression Channel. Its a Polynomial Regression Channel but applied a little differently. Wont go into technical details much. Overview of options is as follows- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -...
One challenging issue for beginner traders is to differentiate market conditions, whether or not the current market is giving best possibility to stack profits, as earliest, in shortest time possible, or not. On intraday, we've seen some big actions by big banks are somewhat can be defined --or circling around-- by HMA 200 . I've been thinking on to make the...
Volume Brakout indicator is used to help determine trend direction strictly based on Negative and Positive volume data. How to Read: - Moving Average crossovers are used to help determine a possible trend change or retracement. - The area cloud on the bottom is calculated by the difference of the moving averages. This could be used to help determine the trending...
SuperTrendRange study attempts to determine the state of the market • whether a well-established bull/bear trend is present • whether the market is trading in a range SuperTrendRange (STR) takes into account the volatility of the market - further details regarding volatility can be found in the description of “Volatility Bands by DGT” study Due to its...
This is a combination of various indicators that very rarely conflict, thus giving us a good understanding: - "Price Rally" detecting whether price is rallying, giving us confidence it will continue. - Volume - knowing volume is going with the trend is a good confidence check. - Trend Angle - This will go red or green depending on whether the price angle is going...