Hello traders! How this indicator works? The main functionality of this indicator is to find entry based upon SuperTrend indicator. This indicator helps us to find trapping candle to enter into the market. What is a trapping candle? A trapping candle is a candle that shows strength in opposite direction to SuperTrend. This helps us to enter in a trade before...
This auto support and resistance indicator uses percentage deviations from the previous session close to calculate levels. It provides arrows as signals when it detects 2 wicks in the last 5 bars from a support or resistance level. Includes alerts for price crossing any level as well as real time percentage gaps from current price to the next closest support and...
Indicator showing resistances and support, based on pivots location When a new pivot location is near from a resistance/support the latter gains weight. You can modify multiple parameters : Nb Max res/sup : Define the number max res/sup to keep in our res/sup history array. The greater it is the older bar index will be taken. Nb show res/sup : Define...
I wrote this for the purpose of saving time while marking up charts by automating the process of drawing and labeling lines at areas of interest on larger timeframes while still having the option to change the style and size of the lines and labels to adjust for any timeframe and avoid a messy chart. I also used this as an exercise in menu organization...
Hello all .. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
Hello all ... this is the source trendline of the three pivots with adjustable resolution and length function to find a breakout or breakdown
HSRL provides an indicator of how support and resistance are changing over time. It calculates the percent change in lows, and percent change in highs, then plots them. The HSRL is calculated as the support change - the resistance change. Can be effective in confirming trends, with green being the most bullish, yellow being semi bullish and red being a bearish...
Congestion zone include at least 3 candle sticks that the next candle has an opening and closing price within the previous candle When the price returns to the congested zone there is a possibility of a reversal The congestion zone is used as a support-resistance area and is used by price action traders. This script will highlight congestion zones, this will help...
This is dual band dynamic S/R indicator It works on longger swing than BB 20,2 band rage, and I think It works well. even on the rapid price change, it quite woks well. If price goes out of 1st S/R band range, 2nd S/R band shows up on the chart. Because of large bandwidth, An area in which an actual candle is drawn may be displayed as small. So, with some...
This indicator, based on the ATR, allows you to identify the potential reversal on price and helps you identify the Support and Resistance. When the price moves far away from the multiple moving average, the background color changes : - Red for Short potential entry - Green for Long potential entry There are 2 ways to use this script : - Conservative : Use it...
1. Vegas channel The Vegas channel indicator is very effective as a short, medium and long-term trend observation indicator, and it has obvious support and resistance functions. 2. EMA200+MA200 Usually ema200 or ma200 is used as a watershed for fund institutions to evaluate the long-short trend of a stock trend. 3. Big volume box Big volume is often used as a...
If you want to be alerted when a price closes above or below a given level(s), then this indicator is for you! 😁 Whether you're looking for a breakout, or some change of structure, etc, this should come in handy. Usage: Just add a level(s) (anything above 0). Optionally plot lines. Set alerts as normal. Enjoy!
This is a very important volume-price indicator for me. Displays the average cost of chips for the short term (30 days), medium term (60 days), and long term (200 days). Chip lines act as support and resistance. The longer the trend days, the greater the strength. usage: 1. Breakout: If the stock rises, it must be above the short-term chip line. And gradually...
█ OVERVIEW The indicator introduces a new representation of the previous days, weeks, and months highs & lows ( DWM HL ) with a focus on untapped levels. █ CONCEPTS Untapped Levels It is popularly known that the liquidity is located behind swing points or beyond higher time frames highs/lows (in a sense, an intraday swing point is a day high/low)....
This '4C Daily Levels Suite + Premarket High/Low' indicator is a clean way to automatically plot important daily levels including: Prior Day High Prior Day Low Prior Day Close 50% level between Prior High/Low Today's Open Today's Premarket Low+High This Daily Levels indicator is unique in its ability to: -Plot all of the daily level PLUS premarket high/low...
Publishing a strategy that includes adx and ema filter as well Entry: all three Supertrend turns positive. If a filter of ADX and EMA is applied, also check if ADX is above the selected level and close is above EMA Exit: when the first supertrend turns negative opposite for short entries A FIlter is given to take or avoid re-enter on the same side. For example,...
This Support and Resistance and Trend Channel indicator is based on: Stocks & Commodities V. 40:13 (20–22): Magical Midpoint Of 52-Week High & Low by Ketan Asher This indicator seems to work better over higher timeframes, as the article suggested. It also seems to work better with stocks, not so much with currencies. This may be due to the crowd psychology...
ENGLISH FiboLevels uses standard deviation (a measure of market volatility). For me, more successful parameters were EMA, 500 days, showing levels 50 and 100. The standard RSI 14 indicator helps to determine the levels, you can use its values to navigate the levels if the price approaches any line, and the RSI is in the overbought or oversold zone, that is, there...