A trend following indicator that allows traders/investors to enter trades for the long term, as it is mainly tested on the daily chart. The indicator fires off buy and sell signals. The sell signals can be turned off as trader can decide to use this indicator for long term buy signals. The buy signals are indicated by the green diamonds, and the red diamonds show...
RDX Relative Directional Index, Strength + Direction + Trend. This indicator is the combination of RSI and DMI or ADX. RDX aims at providing Relative direction of the price along with strength of the trend. This acts as both RSI and Average Directional Index. as the strength grows the RSI line becomes wider and when there is high volatility and market fluctuation...
RiverFlow ADX Screener, Scans ADX and Donchian Trend values across various Timeframes. This screener provides support to the Riverflow indicator. Riverflow concept is based on Two indicators. Donchian Channel and ADX or DMI. How to implement? 1.Donchian Channel with period 20 2. ADX / DMI 14,14 threshold 20 Entry / Exit: 1. Buy/Sell Signal from ADX...
–––– History & Credit –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– This indicator/watchlist is inspired by the methodology of a great momentum master - Dan Zanger. Dan holds the world record for higher % gain in a 12month period, which was achieved in 1998 and has not been broken since. One of the secrets he has shared with the world is his...
The Double Supertrend Entry with ADX Filter and ATR Exits/Entries indicator is a custom trading strategy designed to help traders identify potential buy and sell signals in trending markets. This indicator combines the strengths of multiple technical analysis tools, enhancing the effectiveness of the overall strategy. Key features: Two Supertrend Indicators -...
This indicator creates a normalized consensus from a set of other indicators -- Chande Momentum Oscillator (CMO), Detrended Price Oscillator (DPO), Momentum (MOM), Rate of Change (RoC), Relative Strength Index (RSI), the True Strength Index (TSI) Value line, Volume Oscillator, and a normalized Z-score. The consensus is created by giving ranged values to each...
ADX Trend Filter Indicator is a traditional ADX indicator with a different presentation. its consist of two indicators EMA TREND and ADX / DMI About Indicator: 1. BAND / EMA band to represent EMA Trend of EMA-12 and EMA-50 (Band is plotted at level-20 which is the Threshold level of DMI / ADX indicator) 2. Histogram showing the direction of ADX / DMI trend 3. Area...
Liquidation prices are calculated with Higher Timeframe usage of "Williams Fractals" indicator. Sell side liquidity levels are shown with "L" text and a green solid lines. Buy side liquidity levels are shown with "H" text and a red solid lines. Premium and Discount zones are determined with latest untested buy/sell liquidity levels. "Premium" ...
Introduction The Adaptive Fusion ADX DI Vortex Indicator is a powerful tool designed to help traders identify trend strength and potential trend reversals in the market. This indicator uses a combination of technical analysis (TA) and mathematical concepts to provide accurate and reliable signals. Features The Adaptive Fusion ADX DI Vortex Indicator has...
Traders always need a confirmation of momentum in price action to ride the swings. Momentum Play Indicator consists of the below: Bullish Conditions : 1)EMA 8 above EMA 34 and rising 2)Candle close above 5 candle high 3) RSI above 60 4) Volume above 5 candles avg. volume 5) ADX above 20 Bearish Conditions : 1)EMA 8 below EMA 34 and falling 2)Candle close below...
Why use the Flat Market and Low ADX Indicator ? Flat markets, where prices remain within a narrow range for an extended period, can be both critical and dangerous for traders. In a flat market, the price action becomes less predictable, and traders may struggle to find profitable trading opportunities. As a result, many traders may decide to take a break from...
Simple table to show the values for indicators which can be used to initiate trades: RSI: Long above 55 // Short below 45 // Choppy between 45-55 DI+: Long above 25 DI-: Short above 25 Note when to avoid trend trades: - If DI+ and DI- are both below 25 then market is choppy - If RSI is between 45-55 then market is choppy
Thie indicator is a modified and upgraded version of the popular ADX tool. ADX is used to determine the strength of a trend, and also to determine the direction in which the trend is likely to go. With this script, I have added in the formula the usage of volume, leading to the following functionality. The length is used to determine the period to calculate...
Giga Kaleidoscope Average Directional Index (ADX) is a Volatility/Volume module included in Loxx's "Giga Kaleidoscope Modularized Trading System". █ Giga Kaleidoscope Modularized Trading System What is Loxx's "Giga Kaleidoscope Modularized Trading System"? The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the...
Idea: Enhance the Stoch RSI with DMI to get the visualization of the strength movement. Concept: (Note that we take the close to get the closing price). -Combination of 2 Stoch RSI (using value K): 1 is UP, 1 is DOWN (these settings have been customized). -Every time they cross, it calculates the direction of 3 nearly previous crossings to get the color of...
The purpose of this indicator is to visually simplify the relationship between two assets when searching for pair trades or higher beta opportunities. With highly correlated pairs, it can be a blessing or a curse during volatility when you're somehow stuck in the only lower beta pairs, or maybe you're market neutral and the wrong leg starts nuking. This...
The RSI ( Relative Strength Index ) is an oscillator-type indicator used by traders who perform technical analysis to estimate the status of overbought or oversold of an asset on the stock market. This tool gives the trader the advantage of comparing supply and demand (buying and selling), therefore, we must take into account the following interpretation for its...
ADX (ORIGINAL VERSION) The ADX Indicator ( Average Directional Index ), is a non-directional oscillator type indicator, that is, it quantifies the strength of a trend regardless of its direction. In its original version, it is made up of 3 lines that represent the direction and strength of the movement: • A line representing the ADX indicator. • A green line...