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Reversal

Volume Records + AlertContents Overall Introduction Settings menu parameters Usage How to use alerts Limits Overall Introduction This indicator is a "volume analysis" tool for confirming the direction and strength of price trend and spotting trend reversals. This tool consists of two parts: 1- The colored graph is a custom volume oscillator which shows the relative changes in volume. The darkening of the color of the bars is a sign of increasing volume. 2- Triangular labels that show trading volume records over different time periods based on the absolute values of the volume. By creating an alert, you can be notified of new trading volume records. These records are: Highest / lowest volume in one year, Highest / lowest volume in six month Highest / lowest volume in three month Highest / lowest volume in one month Highest / lowest volume in one week Settings menu parameters {Short Length} => The fast volume MA of the Volume Oscillator. {Long Length} => The slow volume MA of the Volume Oscillator. {Visual Parameters} => Parameters to personalize the appearance of the indicator. {Alert Conditions Part 01: Highest Records ⏰ } => Parameters to customize the alert. {Alert Conditions Part 02: Lowest Records ⏰ } => Parameters to customize the alert. Usage This indicator is a "volume analysis" tool for confirming the direction and strength of price trend and spotting trend reversals. What Is Volume Analysis? Volume analysis involves examining relative or absolute changes in an asset's trading volume in order to make inferences about future price movements. A significant price increase along with a significant volume increase, for example, could be a credible sign of a continued bullish trend or a bullish reversal. The gradual darkening of the bars is a sign of the strength of the trend. Volume can be an indicator of market strength, as rising markets on increasing volume are typically viewed as strong and healthy. How to use alerts Note that by creating an alert, an instance of the indicator, with all your settings, will be activated on the site's server and alerts will be triggered by it. After that, changing the indicator settings on the chart will no longer affect the alert. Open the settings window and select the alert conditions as you wish Click the Create Alert button (or press the A key while holding down the ALT key) In the Condition section, select the name of the indicator. Make the rest of the settings as you wish. Finally, click on the Create button. It's finished. After a few moments, your alert will be added to the Alerts menu. Limits The labels are displayed after the bars close. Labels are displayed for the last 10,000 bars.
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BobRivera990 tarafından
10
Ultimate Momentum Indicator [CC]This is a custom indicator of mine loosely based on the work by Steve J Godwin & Louisa C Schneider (Stocks and Commodities Feb 2021 pg 22) and this works pretty well at anticipating future price swings as the momentum falls. The idea I was going for was to introduce the idea of reversals in combination with a momentum indicator so you can better identify peaks and valleys. I have included strong buy and signals in addition to normal ones so darker colors are the strong buy and sell signals and lighter colors are the normal ones. I would recommend to buy when the line turns green and sell when it turns red. Let me know if there are any other indicators you would like me to publish!
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cheatcountry tarafından
6
Center Of Gravity OscillatorThe COG Oscillator (center of gravity) is an indicator based on statistics and the Fibonacci golden ratio. It uses ALMA as a trigger and LSMA as "zero line". The trigger is set tight by default but can be tweaked by adjusting the window size and sigma in settings. This is a great indicator for setting up trades and spotting reversals. There are 2 main strategies that come with this indicator: Strategy 1: Long positions are entered when current low point is higher than previous low. Short positions are entered as current high is lower than previous high. (Shown in image above) Strategy 2 : If market is bullish long trades are entered as COG line crosses over red LSMA line. Traders have the option of scalping the first crossover or even scaling out of trade to close on second exit. This works the opposite for shorts when market is bearish. Above shows different configurations of the indicator. Top shows length of 50, Middle has length of 21 and bottom is default 9.
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veryfid tarafından
49
Folded Relative Strength Index [CC]The Folded Relative Strength Index was created by Richard Poster (Stocks and Commodities July 2021 pg 21) and this indicator provides both trend strength but also momentum and of course reversal points using the overbought and oversold markers. If the indicator line is above the mid line then this shows upward momentum and when it falls below the midline then this means it is losing momentum. When the indicator rises above the signal line then this shows upward trend strength and vice versa. Buy when the indicator line turns green and sell when it turns red. Let me know if there are any other indicators you would like to see me publish!
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cheatcountry tarafından
B3 PSAR v4This is an update to Pinescript version 4 for one of my oldest indicators, Parabolic Stop and Reverse. The indicator math and algorithm has not been modified, but the stylization and usage has improved. Added: Bar-coloring = User sets the up and down colors in user interface style menu. Inputs = The two inputs' up-down arrows now increment by thousandths & hundredths respectively. This is a vast improvement! Just leave the UI up when fishing for a value and watch the chart change. Alerts!!! = Set your alerts to "B3 PSAR" then "Any alert() function call" in your Alerts User Interface; and you can also quickly turn alerts on/off in the PSAR indicator's UI. Important Note: TradingView has a version of PSAR, and you may find other scripters make the indicator as well. People make claims on what math or algorithm is correct and what were Wilder's intentions for the indicator. I am not interested in the theory, MY VERSION OF PSAR MATCHES OTHER PLATFORMS' CHART RESULTS for their native PSAR (Tradestation, TOS, etc). ;-) Text copied from the obsolete posts: Version 1 notes: I have seen Parabolic SAR done several ways in the past and on several platforms. I have a few trailing systems I use to have a time-affected stop, meaning that as time goes, the way the stop works changes. In this method, you have a stop starting off of the high or low at the time of the cross of the previous stop, giving you a binary flipping agent. I like the usage of this system upon trendy action, however, in sideways action, the indicator flips back and forth with no pertinence. The flat lines represent the last price that was crossed, and as the PSAR crosses the line you essentially lock in profits in the trend. Version 2 notes: The minimum value inputs for acceleration and limiter inputs have been set to zero, by P.M. request.
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HammondB3 tarafından
2
[GJ]IFRSITHE INVERSE FISHER TRANSFORM STOCH RSI HOW IT WORKS This indicator uses the inverse fisher transform on the stoch RSI for clear buying and selling signals. The stoch rsi is used to limit it in the range of 0 and 100. We subtract 50 from this to get it into the range of -50 to +50 and multiply by .1 to get it in the range of -5 to +5. We then use the 9 period weighted MA to remove some "random" trade signals before we finally use the inverse fisher transform to get the output between -1 and +1 HOW TO USE Buy when the indicator crosses over –0.5 or crosses over +0.5 if it has not previously crossed over –0.5. Sell when the indicator crosses under +0.5 or crosses under –0.5 if it has not previously crossed under +0.5. We can see multiple examples of good buy and sell signals from this indicator on the attached chart for QCOM. Let me know if you have any suggestions or thoughts!
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greg_trades_ tarafından
Dilip Reversal Points 1This indicator is very simple, but surprisingly effective, and I haven't found any mention of something similar, so here it is. I hope it helps you in your stock trading. What's more, is that the stock would often respond to the high and low values of that candle later on in the day. It turned out to be quite an important support and resistance level indicator for stocks which I've used in my trading ever since I discovered it. After testing it out day after day on multiple stocks, I decided to write this indicator, which not only projects the high and low values of the candle, but also the previous day's closing price. If you find that there's another out there for Forex or Crypto, please let me know! You have the option to set the to another time, if you want to experiment with things. White line will act as support and resistance I hope it helps, Note: Since Reversal Points Indicator works in ALL Segments only amounts vary across the board. The background height is set to readjust based on the highest bars. This lookback amount is adjustable by the user and it does not affect calculations what so ever. For access, send me a DM on TradingView
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dilipchowdarythamma tarafından
3
Dilip Reversal PointsThis indicator is very simple, but surprisingly effective, and I haven't found any mention of something similar, so here it is. I hope it helps you in your stock trading. What's more, is that the stock would often respond to the high and low values of that candle later on in the day. It turned out to be quite an important support and resistance level indicator for stocks which I've used in my trading ever since I discovered it. After testing it out day after day on multiple stocks, I decided to write this indicator, which not only projects the high and low values of the candle, but also the previous day's closing price. If you find that there's another "magic candle" out there for Forex or Crypto, please let me know! You have the option to set the "magic candle" to another time, if you want to experiment with things. White line will act as support and resistance I hope it helps, Note: Since Reversal Points Indicator works in ALL Segments only amounts vary across the board. The background height is set to readjust based on the highest bars. This lookback amount is adjustable by the user and it does not affect calculations what so ever. For access, send me a DM on TradingView
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dilipchowdarythamma tarafından
Raff Regression Channel by DGTRᴀꜰꜰ Rᴇɢʀᴇꜱꜱɪᴏɴ Cʜᴀɴɴᴇʟ (RRC) This study aims to automate Raff Regression Channel drawing either based on ZigZag Indicator or optionally User Preference The Raff Regression Channel , developed by Gilbert Raff, is based on a linear regression, which is the least-squares line-of-best-fit for a price series, with evenly spaced trend lines above and below . The width of the channel is set by determining the high or low that is the furthest from the linear regression. Because the channel distance is based off the largest pullback or highest peak within a trend, for effectively drawing and using a Raff Regression Channel it is recommend/required that a Raff Regression Channel is applied to “mature” trends. Knowing this requirement, for better automated drawing results this study benefits from the Zig Zag Indicator, where the Zig Zag indicator is used to help identify price trends and changes in price trends. Option to manually adjust lengths for drawing a Raff Regression Channel is also made available. Using a Raff Regression Channel Once The Raff Regression Channel is drawn, covering an existing trend, Exᴛᴇɴꜱɪᴏɴ Lɪɴᴇꜱ are drawn to identify ᴛʜᴇ ꜱᴜᴘᴘᴏʀᴛ﹐ʀᴇꜱɪꜱᴛᴀɴᴄᴇ ᴏʀ ʀᴇᴠᴇʀꜱᴀʟ ᴘᴏɪɴᴛꜱ The trend is up as long as prices rise within this channel. An uptrend may be reversing (not always, but likely) when price breaks below the channel extension . The trend is down as long as prices decline within the channel. Similarly, a downtrend may be reversing (not always, but likely) when price breaks above the channel extension . Moves outside the channel extensions can be indication of a reversal or can denote overbought or oversold conditions For further details please refer to education post Raff Regression Channel █  FEATURES     - AUTO or MANUALLY adjusted Raff Regression Channel and Channel Extentions drawing     - ALERTs, for Linear Regression Line, Raff Regression Upper and Lower Channel Extentions     - LSMA , Least Squares Moving Average, in other words Linear Regression Curve █  SETTINGS Setting Loopback and Number of Bars are the most important part for The Raff Regression Channel, where ;     - Lookback, defines where the Raff Regression Channel is starting, it is recommended to set to a trend begining     - Number of Bars, defines how many bars to be assumed for calculation, or simply stated the end of the Raff Regression Channel drawing (not extentions but the main channel, extentions by default will be drawn till the last bar) Setting of Loopback and Number of Bars is performed eigher automatically based on Zig Zag indicator or users may prefer to set them manually. If selected automatically then     - Deviation and Depth values of Zig Zag indicator are used for calculations (enabling visually plotting of ZigZag Lines will help to identify better visually the points), where ; Deviation, is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to become a new pivot. Depth, affects the minimum number of bars that will be taken into account when building Short-term traders may wish to apply the channel to small waves of a trend so they can reduce the value of the Deviation and Depth █  OTHER CHANNEL CONSEPTS Linear Regression Channels, , what linear regression channels are? and linear regression channel/curve/slope study Fibonacci Channels, how to apply fibonacci channels and automated fibonacci channels study Andrews’ Pitchfork, how to apply pitchfork and automated pitchfork study Special Thanks to @Kiss66000 for his kind suggestion, je vous remercie beaucoup @Kiss66000 Disclaimer : Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
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dgtrd tarafından
47
Adjustable MA & Alternating Extremities [LuxAlgo]Returns a moving average allowing the user to control the amount of lag as well as the amplitude of its overshoots thanks to a parametric kernel. The indicator displays alternating extremities and aims to provide potential points where price might reverse. Due to user requests, we added the option to display the moving average as candles instead of a solid line. Settings Length: MA period, refers to the number of most recent data points to use for its calculation. Mult: Multiplicative factor for each extremity. As Smoothed Candles: Allows the user to show the MA as a series of candles instead of a solid line. Show Alternating Extremities : Determines whether to display the alternating extremities or not. Lag: Controls the amount of lag of the MA, with higher values returning a MA with more lag. Overshoot: Controls the amplitude of the overshoots returned by the MA, with higher values increasing the amplitude of the overshoots. Usage Moving averages using parametric kernels allows users to have more control over characteristics such as lag or smoothness; this can greatly benefit the analyst. A moving average with reduced lag can be used as a leading moving average in a MA crossover system, while lag will benefit moving averages used as slow MA in a crossover system. Increasing 'Lag' will increase smoothness while increasing 'overshoot' will reduce lag. The following indicator puts more emphasis on its alternating extremities, an upper extremity will be shown once the high price crosses the upper extremity, while a low extremity will be shown once the low price crosses the lower extremity. These can be interpreted like extremities of a band indicator. The MA using a length value of 200 with a multiplicative factor of 1. In general, extremities will effectively return points where price might potentially bounce in ranging markets while closing prices under trending markets will often be found above an upper extremity and under a lower extremity. Reducing the lag of the moving average allows the user to obtain a more timely estimate of the underlying trend in the price, with a better fit overall. This allows the user to obtain potentially pertinent extremities where price might reverse upon a break, even under trending markets. In the above chart, the price initially breaks the upper extremity, however, we can observe that the upper extremity eventually reaches back the price, goes above it, provides a resistance, and effectively indicates a reversal. Users can plot candles from the moving average, these are fairly similar to heikin-ashi candles in the sense that CandleOpen(t) ≠ CandleClose(t-1) , each point of the candle is calculated as follows for our indicator: Open = Average between MA(t-1) and MA(t-2) High = MA using the high price as input Low = MA using the low price as input Close = MA using the closing price as input Details Lag is defined as the effect of moving averages to reflect past price variations instead of new ones, lag can be observed by the user and is the main cause of false signals. Lag is proportional to the degree of filtering returned by the moving average. Overshooting is a common effect encountered in non-lagging moving averages, and is defined as the tendency of a moving average to exceed a maximum level (or minimum level, which can be defined as undershooting ) MA and rolling maximum/minimum, both using a length of 50 bars. While we can think of lag as a cost of smoothness, we can think of overshooting as a cost for reduced lag on some occasions. Explaining the kernel design behind our moving average requires understanding of the logic behind lag reduction in moving averages. This can prove to be complex for non informed users, but let's just focus on the simpler part; moving averages can be defined as a weighted sum between past prices and a set of coefficients (kernel). MA(t) = b(0)C(t) + b(1)C(t-1) + b(2)C(t-2) + ... + b(n-1)C(t-n-1) Where n is the period of the moving average. Lag is (non optimally) reduced by "underweighting" past prices - that is multiplying them by negative numbers. The kernel used in our moving average is based on a modified sinewave. A weighted sum making use of a sinewave as a kernel would return an oscillator centered at 0. We can divide this sinewave by an increasing linear function in order to obtain a kernel allowing us to obtain a low lag moving average instead of a centered oscillator. This is the main idea in the design of the kernel used by our moving average. The kernel equation of our moving average is: sin(2πx^α)(1 - x^β) With 1>x>0 , and where α controls the lag, while β controls the overshoot amplitude. Using this equation we can obtain the following kernels: Here only α is changed, while β is equal to 1. Values to the left would represent the coefficients for the most recent prices. Notice how the most significant coefficients are given to the oldest prices in the case where α increases. Higher overshoot would require more negative values, this is controlled by β Here only β is changed, while α is equal to 1. Notice how higher values return lower negative coefficients. This effectively increases the overshoots amplitude in our moving average. We can decrease α in order for these negative coefficients to underweight more recent values. Using α = 0 allows us to simplify the kernel equation to: 1 - x^β Using this kernel we can obtain more classical moving averages, this can be seen from the following results: Using β = 1 allows us to obtain a linearly decreasing kernel (the one of a WMA), while increasing allows the kernel to converge toward a rectangular kernel (the one of SMA).
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LuxAlgo tarafından
24
Bottom Touch[Dizart]--------------- --------------- The indicator determines the bottom in the market, from which a rebound or a global reversal may start with a high probability. Works on any symbol or market. tuning - If the asset is low volatility, then the price often does not reach the bottom. Adjust the `Bottom Touch` to the closest bottom on the graph. --------------- --------------- Индикатор определяет дно на рынке, от которого с большой вероятность может начаться отскок или глобальный разворот. Работает на любом символе или рынке. tuning - Если актив низковолатильный, то цена часто не доходит до дна. Отрегулируйте `Bottom Touch` до ближайшего дна на графике.
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dizart tarafından
3
QFLOW SUITE QFLOW SUITE is a signal-based comprehensive trading suite for trading across all timeframes. It is designed to be a tool for discretionary traders and there are numerous ways to utilize this trading suite. INCLUDES : Buy / Sell Signals Candle Coloring Automatic Level Plotting Trend Following System Stop Loss Management System Trend Reversal Mechanisms Volatility Breakout Algorithm Mean Reversion Algorithm Buy / Sell Signals There are multiple conditions detected by QFLOW Algorithm which are constantly worked on and improved Candle Coloring Color coding allows information compression and helps traders analyze the charts in a simple and intuitive manner. The base coloring is meant for trend following and consists of 3 colors : Green - Trend up Grey - Rangebound Consolidation Red - Trend down The second type of candle coloring is for the special conditions like buy / sell signals or divergences. Volatility Breakout Algorithm This part of the algorithm identifies a volatility breakout before it happens by showing a colored shaded squeeze which happens during consolidation. When a potential breakout is detected, an arrow is printed below or above that candle depending on the direction. Most times a second arrow is needed to signal a confirmed breakout. This arrow will be plotted with a 'B' or 'S' in the same color as the arrow. False Breakout Detection The algorithm is taught to detect these kind of false breakouts and prints a signal as an arrow with an 'F' below or above the candle. Mean Reversion Algorithm A hybrid algorithm that takes both momentum and mean reversion into account for high accuracy. Automatic Level Plotting Stop Loss Management System QFLOW SUITE contains an adaptive trailing ATR system that can be used for stop loss management. It is plotted as a line below the price when the trend is up and above the price when the trend is down. It is highly effective because it is designed to adapt both to the true range ( a measure of the degree of price volatility ) as well as to the average direction change. Extreme Background Highlighting The algorithm is taught to analyze multiple technical components. When this option is turned on it will highlight the background when these extreme conditions are met. These highlights will often occur at the tops or bottoms and during times of high volatility. A trader can use this option as extra confluence when making certain trading decisions like taking profits or closing out trades.
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Q3FLOW tarafından
6
(JS) BallistaAlright so this is a script I made by combining two existing ones and making a really cool discovery that has proven very useful. You'll notice that there are two separate oscillators that are laid on top of each other. The background oscillator is my "Tip-and-Dip" oscillator which you can see here (will refer to this as TnD from here), and the foreground oscillator from the Squeeze , which can be viewed here . Initially I just wanted to see how they interacted with one another and compare them, but this led to some pretty interesting observations. First let me go through the options real quick to get that out of the way, though it is mostly self-explanatory. Lookback Period defines the amount of bars used for the TnD oscillator. Smoothing Value smooths out the TnD output. Standard Deviations is used to calculate the TnD formula. Color Scheme is preset BG colors. Using Dark Mode changes colors based on dark mode or not. Squeeze Momentum On turns the Squeeze in the foreground off and on. Arrows Off turns the arrows on the indicator off and on. Now to explain the indicator a bit more. I have the default lookback period as 40 due to the Squeeze being 20, which makes the TnD oscillator the "slow" output with the Squeeze being the "fast" output. Some initial observations were that when both the Squeeze and the TnD are moving in the direction, when the Squeeze is higher (uptrend) or lower (downtrend) it seems to indicate strength in the move. As the move loses steam you'll notice the Squeeze diverge from the TnD. However, the most useful thing I discovered about the interaction between these two indicators is where the name for it came from. So if you aren't familiar with what a Ballista is, per Wikipedia, "The ballista... sometimes called bolt thrower, was an ancient missile weapon that launched either bolts or stones at a distant target." There are instances where the Squeeze seems to get ahead of itself and gets too far away from the TnD (which is the long term trend between the two). The key thing to look for is an "inverted squeeze" - this is when the squeeze oscillator ends up flipping against the TnD. When this occurs there is an extremely high probability that you'll see price shoot back the opposite way of the Squeeze. I've been using this setup myself for about a year now and have been very satisfied with the results thusfar. I circled some examples on the SPX daily chart here to show you what I mean with the inverted Squeeze shooting back.
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J-Streak tarafından
22
Chameleon indictor ║Tops and bottoms- This indicator uses a modified type of ADX, that offers a cleaner layout and improved signals. The indicator can be used by traders to identify possible tops, bottoms and changes in trends - If the purple line moves downward after having been inside of the red line signals that a security possibly can have reached the bottom - If the purple line moves upward after having been inside of the green line signals that a security possibly can reached the top - The middle acts as a confirmation of the signal // I have drawn lines on the chart to give examples of what the signals look like
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sylte tarafından
2
HOLP/LOHPThe HOLP strategy was developed by trader-author John F. Carter in his book 'Mastering the trade: proven techniques for profiting from intraday and swing trading set ups' (ISBN 0-07-145958-8). The strategy, which gives buy signals, is a reversal strategy. Reversal strategies try to determine the point in time when a trend reverses direction. In his book John F. Carter is actually skeptical of taking a position against the trend, quoting classics like "never catch a falling knife" (buy a steep sell off) and "never step in front of a train" (short sell a strong market). Given his skepticism he decides to base his strategy on the one single factor which he deems relevant: the market price.
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jasonowl tarafından
2
A Better Fractal (Williams)DESCRIPTION: This is a more advanced version of the classic Williams Fractal algo, using a looped barindex iterator to examine highs/lows. You may choose ideal or regular fractals, along with the amount of bars (periods) used to calculate; the minimum being 3. Oddnums only. Ideal fractals = fractals with each bar needing to be lower/higher than the preceding bar, with the midbar at the apex. Regular fractals = the typical Williams fractal, wherein each bar only has to be lower/higher than the midbar (apex) only. How to trade? Combine with other indicators and use breakout or reversal strategies, typically. Set buy/sell stops at the high/low of a fractal, for instance ... to trade the breakout when it occurs. Or, track momentum when a fractal prints and trade accordingly. Or perhaps trade with the alligator or 3 EMA. Experiment with different types of fractals to achieve the desired result, with higher period fractals obviously offering more solid indication though with higher lag. Note: A fractal does not print until n/2 (rounded down) bars after, where n = the period you chose.
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EclipsePhage tarafından
1
Anomaly Detection Indicator[Fournier-Eaton]Detect unusual activity with this script. This algorithm should detect significant events RELATIVE to the benchmark of your choice. The default is benchmark is QQQ. upcoming earnings should be visible dividend announcements news events relative to the stock possible reversals etc. The granularity of the algorithm changes with selected time-frame. This is an early version. Please suggest changes. V0.1
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BradfordFournier tarafından
FieryTrend IndicatorI created this indicator because it can be quite difficult sometimes to find the direction of the market, which supports and resistances are important, where to place targets, etc. This indicator is excellent for traders which trade on reversals and breakouts from resistances and supports. The indicator tries to make it clear which areas are of importance and which are not. To find the market structure, all you have to do is to connect the dots by drawing a line between them. By connecting the dots, it becomes clearer where important resistances and support areas are located. By making this information easier to digest you can place your entries, targets and stops easier and faster, becoming a better trader in the process. With connecting the dots, it might be the case that they won’t line up perfectly, which is fine. It’s all about the bigger picture. The best time frames for this indicator are M15, H1 and H4. You can fiddle around with the Length input to get different results; I’ve found that the base input works the best for the aforementioned time frames. For more examples, see below:
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FieryTrading tarafından
78
Implied Volatility BandsThis script produces price bands around an EMA based on a manually inputted Implied Volatility. The idea builds on my previous "Implied Move" script which helps visualize the distribution of prices that the market is 'pricing in' via options/implied volatility. It's up to the user to determine the implied volatility level they use, I like using the free version of QuikStrike that you can access via the CME Group website and then update the script's input daily. Another way to use the script is to input the implied volatility based on a forecast that you produce independently. Say implied volatility on June 2021 Crude Oil is 30% and you think it's rich by 2%, you can input 28% into the script to tweak the bands for a declining vol regime.
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CSC1 tarafından
4
Inverse BandsThis was the result of quite some time spent examining how much information could be gleamed by studying the interactions between Keltner Channels, STARC Bands and Bollinger Bands. I was surprised by the results. First of all, there are four fills that are black. Set the transparency of those to 0 and you'll see this indicator the way that it's meant to be seen. Those fills belong to unused sections of the Bollinger Bands. There are two clouds which represent STARC Bands and the Keltner Channel. There is some delay when they flip from bullish (green) to bearish (red), but they are indicative of the trend. The space between them is black and the narrower that space is, the greater volatility is. Because of this, we don't need the exterior Bollinger Bands. The Bollinger Bands remain visible as the yellow interior clouds on the top cloud and the blue interior clouds on the bottom cloud. Often, the thicker the yellow or blue cloud is, the less severe a throwback from a given trend reversal will be. Often the thinner that yellow or blue cloud is, the more severe the trend reversal will be. If price is rising into a thin interior yellow cloud, the following dip will be substantial. If price action dips towards a thicker interior blue cloud, often the pump following that dump will be less enthusiastic. We preserve the Keltner Channel and STARC bands as our cloud because the way that they interact with the three basis lines yields a lot of information. The yellow Bollinger basis line tells us about trend strength. The closer the BB basis line is to the top of the top cloud or the bottom of the bottom cloud, the stronger the trend is. When it enters the cloud very close to the bottom of the bottom cloud, you know you're looking at a strong pump, and vice versa when it's close to the top of the top cloud. The purple Keltner Channel basis line and orange STARC Band basis line can forecast short term trend changes one candlestick in advance by contacting any line in either cloud. The moment either basis line touches or crosses any boundary of the clouds, you know that the next candle will change directions. In an uptrend, a touch or cross means the next candle will have a lower high point. In a downtrend, a cross or touch means the next candle will have a higher high point. This is most useful in scalping. It'd be pretty easy to slap some crossover alerts on to this and useful considering that they come a candle in advance. Feel free to further explore and develop this.
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ChronicMasturTrader tarafından
6