Here is the code of twr indicator
I'v already posted a idea about this indicator. You guys can make this chart more complete if you want.
Complete indicator is just fixed the color align in some price pattern.
The rule is hard to write for me but we have simple version here. :)
Read more about tower line:
Draws the high/low lookbacks for 50 (blue), 200 (purple), and 400 (olive).
Default is using close price, but you can adjust to use intra high/low.
Draws up/down arrows for new high/lows with filtering to prioritize since any new d3 high is automatically a new d2 high and a new d1 high.
Basic concept is
sell when you see lots of up arrows with high RSI, pending...
Using volume in Forex is potentially misleading as we are only provided the broker volume or futures exchange volume for the currency or commodity in a decentralised market. This code combines the volumes from FXCM, Onanda and futures for the instrument being studied. The combination of the volumes could improve the reliability of the volume being considered....
Originally I created a 52 Week Highs/Lows/Close indicator (1). Recently I wanted to have a daily bias for the year instead. Since there could be important differences when looking at the Highs/Lows/Close for the last year using the weekly resolution vs the daily resolution.
Once I started customizing the previous indicator, I realized it only made sense to let...
A script for having two averages at the same time, a fast and a slow one (periods customizable by the user) and in order to analyze all the MA conditions of trend confirmation and crossovers.
The script provide the following information:
1) Buy/Sell alert when the fast MA crosses the slow MA through a cross on the chart and a Buy/Sell arrow on the chart
This is basically the default RSI indicator with lines drawn on increments of 5, nothing special really.
This can be used in crypto/forex/traditional markets.
Please let me know if you found this to be useful and/or if you think it could use some additional work. Thanks!
It is a simple test strategy.
The strategy involves variable resistance.
If the price closes above the resistance a long order is placed and when price closes below the resistance a short order is placed.
Comment the perfect combination of indicators for it and will try to incorporate those indicators into it in the next version.
Message if you think of any...
Confirmed highs when 1. it's higher than the 4 prior (lower) highs AND 2. higher than the 2 following (lower) highs.
Confirmed lows when 1. it's lower than the 4 prior (higher) lows AND 2. lower than the 2 following (higher) lows.
All right people... !!
Here is one more crazy stupid experiment by me while boosing. I call it..... Well Bollinger Bands for now..
If you like it and find it useful, give me suggestions, we can name it.
Its was just an idea of removing unnecessary opposite bands (noise i say) and it turned out to be useful to me.
After finishing, I saw good locations of support...