This is a system I developed initially for scalping. Please be careful because trading only by this system blindly can cause total losses! This system uses a risky technique by taking profits very fast. It is build around moving averages and japanese candlesticks close prices cross the moving averages. The stop loss in this example is the reversal of the moving...
These bands use KAMA for the basis, build Keltner Channels that you might expect high probability reversals to occur from. I named it Tobacco Channel because I found its idea in Cuban's Reversion Bands — Indicator by cubantobacco.
Level: 2 Background Bollinger bands are a type of price envelope developed by John Bollinger , where price envelopes define upper and lower price ranges. Bollinger Bands are envelopes that are represented with a standard deviation above and below a simple moving average of price. Because the spacing of the bands is based on the standard deviation, they adjust...
This script follows the fundamentals described in J.M. Hurst works. Constant Envelope is updated version of EMA with its 2 copies drawn with nominal distance from the base. That make a constant width channels, unlike the standard envelope using the % concept. Its width is not changed at different price levels.
™TradeChartist MA Waterslide is a beautiful visual indicator that uses an original method to plot a trend based waterslide on price action, based on one of the 15 types of moving averages of the source price. The Waterslide helps identify the trend and also helps spot key Support and Resistance levels visually from the confluence of Waterslide...
This is an improved version of the on balance volume indicator. I made it inside a bollinger band channel, so we can define better the zones. At the same time I applied 2 moving averages on OBV, to get a better idea of the trend and at same time that change direction of the trend. Green - > uptrend - > we look for buy positions Red - > downtrend -> we look for...
I have combined RSI and Stochastic but also added an keltner channel and then also two EMA's. How the indicator works is the background turns green when the rsi and stochastic are below 20 and the keltner channel is below X and also your fast ema is below your slow ema and then vice versa for sell signals. Feel free to leave a comment on what you think and what...
Contains of:- 7 EMA 3 SMA Bollinger Bands Fibonacci Retracement Ichimoku Support and resistance The idea is, my technique required to use EMA and SMA and bollinger band to monitor trend whether strong or not, then I use Fibonacci retracement to monitor how far it will drop or how far it will go up. On the other method, I'm using EMA and SMA and Ichimoku to...
Shows following levels and labels (which can be individually controlled): OHLC levels of Today, Yesterday, This week, Last week, This Month, Last Month Daily Simple Moving Averages (50, 100, 200) Horizontal Grid on 50, 100 pips for FX instruments. (to do) Add ATR or Std Deviation (to do) Add Daily Change levels % i.e. 0.5%, 1%, 2% (to do) Add Daily...
In this strategy, 15 indicators are used, each giving its results as a numerical value, which then is added or subtracted from the total points, gathered from all 15 indicators. Many thanks to RafaelZioni for his great work making the EasySys1 script which i modified to create this script. Onchart is drawn some of the indicators, but not all, a info panel is...
This tool was designed specifically to be used in conjunction with "TRUE Vibration" Its features include: Adjustable view of Pivot Points S/R Level Extension Fractal Break Alerts Multiple sets of Moving Average combinations Bollinger Bands
True Vibration was designed as a Comprehensive Trading Tool for active traders. All Markets and all assets constantly chop on all time frames. No asset is exempt from this. Our goal in trading is (should be) to utilize Technical Analysis in order to identify what the masses are likely thinking and to identify when and where they are likely wrong (or trapped)....
Key Factors traced - Price: EMA (Exponential Moving Average) - Volume: WMA (Weighted Moving Avg.) - Strength (Momentum): RSI (Relative Strength Indicator) Default parameters 1. RSI at 9. Over brought & Under sold to 50 to be used as a median. This can be altered to the traditional 70:30 or 60:40 2. WMA at 21 3. EMA at 3, Exponential for Intraday trades
First I would like to thank to @KivancOzbilgic for developing this indicator. All the credit goes to him. I just created a strategy, in order to try to find the perfect parameters, timeframe and currency for it. I will provide below the same description like he has in the publish of profit maximizer Profit Maximizer - PMax combines the powerful sides of MOST...
Level: 2 Background A bull market is gaining ground and is economically sound, while a bear market is declining and most stocks are depreciating. The actual origins of these terms are unclear, but one reason could be that bulls attack by pulling their horns up while bears attack by brushing their paws down. Function L2 Bull Bear Convergence Divergence...
Level: 2 Background Momentum indicators are technical analysis tools that can be used to determine the strength or weakness of the stock price. Momentum measures the speed at which stock prices rise or fall. Common momentum indicators are the relative strength index (RSI) and the moving average of convergence divergence (MACD). Function L2 Momentum Line...
Part of this script is used to calculate inferential statistics and metrics not available through the built in variables in the strategy tester. A label will be created on the last bar displaying important strategy results, so you can test and analyze strategies quicker. The built in strategy itself is just an example. You can copy and paste the metrics into...
Hi. this is Tirano Introduction to Volume Paradox 1. The lines where the support or resistance acts once are expressed by lines. Once hit and bounced, there is a retest through bounce, and it is likely to bounce again. - Therefore, if you enter from the section represented by the line when the recurrence occurs, the probability of linking with the profit is...