TMO ArrowsTMO - (T)rue (M)omentum (O)scillator) MTF Arrows
Do you want to use TMO but you lack space on the chart? This study is just for you. This is the more user-friendly version of the TMO Oscillator. In terms of the indicator there are no changes except the indicator is converted in to the simple arrows.
There are Four Types of Arrows:
1. TMO Arrow Up - Visualizes the TMO bullish crosses.
2. TMO Arrow Down - Visualizes the TMO bearish crosses.
3. TMO Arrow Up (Oversolds Only) - Visualizes only the bullish crosses that are at or below the oversold zone.
4. TMO Arrow Down (Overboughts Only) - Visualizes only the bearish crosses that are at or above the overbought zone.
In case you only want the arrows for extremes, turn off the Arrow Up / Arrow Down first. Arrows for extremes only are turned off by default.
Hope it helps.
Arrows
LNL Squeeze ArrowsIf you struggle with the entries, low % win rate or trading the squeeze setup overall, this indicator is for you!
If you look closely at your losing trades, chances are the losers have one thing in common = inverse momentum. I created this tool after I found out that Stacked EMAs and picture perfect trend is not the only thing you need for a squeeze setup. Squeeze arrows pinpoint the exact moment where the squeeze momentum change happens (momentum change is absolutely crucial for the squeeze setup). These arrows will help you stay out of "everything was aligned but still failed" type of setups.
Squeeze Arrows:
1. Momentum Arrows (cyan blue/red) - Showing the best possible moment for an entry during the squeeze (after you see one, you can expect the squeeze to fire soon).
2. Slingshot Arrows (yellow) - Even though you can trade off of them, these arrows work mostly as a confirmation & caution tool. If an inverse slingshot arrow is plotted during a squeeze that means caution = you should wait because momentum is not on your side thus there there is a quite high probability that the squeeze can fire the other direction.
Squeeze Dots Trigger:
Represents the number of red dots (squeeze) after which the arrows should plot. Default = 5 (only after 5 red dots, arrows will appear), some traders like to set it on 3 or even 1.
Tips & Tricks:
1.Breakout or Bailout Mentality
- The big advantage of the arrows is the fact that they either work straight away or they don't. This is where you can apply the breakout or bailout mentality and really focus exclusively on the breakout part of the whole squeeze move. You can minimize the risk by putting mental stops just a few points below the last low of the candle where the arrows appeared. That way you can be stopped out even during the squeeze = won't hurt as much as when the squeeze fire the opposite direction. Reward may be the same but the risk is lower.
2. Yellow Flags
- Use the slingshot arrows as a caution tool. Even if all your squeeze criteria are met. Yellow inverse arrow = caution (wait for the true momentum change). Once the slingshot arrow appears in the conext of the trend, you are good to go.
3. Last Arrow Rule
- Sometimes you will see a lot of arrows during the longer squeezes. This is where the last arrow rule come in handy. The last arrow you see on chart can be canceled anytime by a new one. The last arrow is the valid one!
Hope you can squeeze from these squeeze arrows as much as there is to squeeze so you can finally trade the squeeze with ease.
Hope it helps.
Stochastic RSI with Crossover ArrowsThe Stochastic RSI indicator (Stoch RSI) is essentially an indicator of an indicator. It is used in technical analysis to provide a stochastic calculation to the RSI indicator. This means that it is a measure of RSI relative to its own high/low range over a user defined period of time. The Stochastic RSI is an oscillator that calculates a value between 0 and 1 which is then plotted as a line. This indicator is primarily used for identifying overbought and oversold conditions.
In this update, crossover arrows helps your trade.
Moving Average ChannelThis indicator will use a moving average to create the channel around the price. It has some settings
Display Settings
Here it's possible to select what the indicator will display, from the middle line to the 3rd band level.
Reversion points will appear when the price cross out the selected band
Swing back option, when active, will make the indicator display the points when the price cross in the selected band
Moving Averages Settings
Here it's possible to select the moving averages settings that will be the basis for the channel calculation.
There are ten moving averages types t be selected, each one will give different entry points
Level Settings
Each level will apply the value on the moving average to get the level bands. All default numbers are from the Fibonacci sequence
When the extra filter is market, the indicator will display the crosses from the price and the selected band and also check if the candle closes in or out the bands.
That filter will check for a possible rejection of the price, providing more accurate movement indications, but fewer signals
Risk Management
In this part, it's possible to display stop loss and target profit levels based on the ATR indicator.
It's possible to select the multiplicator of the ATR to be applied on those levels
Experimental Entry Interface (Buy Arrows with TP & SL)This script provides high probability entry points and includes Take Profit and Stop Loss targets.
It attempts to predict when the market conditions are set to move up, and prints long positions.
In addition to Long Entry Arrows, it will print Take Profit / Stop Loss targets.
This indicator is highly adjustable. Hence the name 'Experimental' in the title. Experiment with it to find the results you want.
Designed for use on the 1H timeframe in Forex, but could possibly be useful elsewhere. Do your own testing.
This indicator can repaint. It is best used with alerts set for once per bar close, so that your alerts do not repaint and your trades are solid.
Not ever signal is a winner. Backtest thoroughly. Adjust accordingly.
Arrows
Four sets of colored arrows are included.
💵 💶 Green and Blue Entry Arrows are formed when the market is in an uptrend, and has a momentary pullback.
💴 💷 Yellow and Purple Entry Arrows are formed when the market is just starting to recover from being severely oversold.
Backtest Mode
Turn on Backtest Mode to easily see if an entry ended up as a winner or loser. A Take Profit and Stop Loss line will be drawn to show results.
Take Profit & Stop Loss Targets
You have two options for this.
Price will show you where your TP/SL exits should be placed. These values will show up under the arrow, based on your Risk/Reward ratio.
Pips are much more simple, and will only show you the market entry point and how many pips up/down to place your SL/TP. Warning: This is fixed at a 1:1 RRR .
Risk/Reward Adjustment
Each entry arrow color allows custom risk/reward ratio adjustment.
Dollar Amounts Displayed
Change your account value and leverage to see how much you would have won on each trade.
How to trade with it?
(Forex, 1H) Open the settings, and turn on all the arrow entries. Turn on Backtest mode to see how past trades would have played out. Turn on TakeProfit/StopLoss Targets to see where to set your targets, for each arrow. Set an alert to notify you once per candle close when there is an Entry. Trade happy!
Bill Williams Alligators are also included, if you want. Not necessary though. Some of the calculations depend on them for trend direction analysis.
rsi cross indicatorNeat little RSI oversold and overbought markers above and below the bars. Helps visually identify whether the indicator is in overbought or oversold conditions.
CMYK RMI ARROWS◊ Introduction
I started using this script because of its fast reaction, and good tell for buy/sell moments.
For larger timescales, the overall trend should be taken into account regarding the levels.
In the future i will update this indicator, to automatically adjust those.
This is the Overlay expansion of the Indicator Linked below.
◊ Origin
The Relative Momentum Index was developed by Roger Altman and was introduced in his article in the February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and down days from close to close, the Relative Momentum Index counts up and down days from the close relative to a close x number of days ago.
This results in an RSI that is smoother.
◊ Adjustments
CMYK color theme applied.
Four levels to indicate intensity.
Two Timescales, to overview the broader trend, and fast movements.
◊ Usage
RMI indicates overbought and oversold zones, and can be used for divergence and trend analysis.
◊ Future Prospects
Self adjusting levels, relative to an SMA trend.
Alternative RMI, which functions as an overlay.
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░▒▓█ CMYK ◊ RMI █▓▒░
Chaikin Oscillator w/ crossover arrows [seiglerj]I added crossover arrows to the system Chaikin Oscillator to make crossovers easier to see
B3 Buyer-Seller BreakoutsB3 Buyer-Seller Breakouts = If a bar is showing that it is moving in a direction with highs lows and close, all of which are >respectively< moving against the open from the bar before, then it prints indicating buyers or sellers bringing momentum. The arrows and cloud carry into the next bar to give lots of awareness of the micro-term momentum. The cloud represents the better price range from which to add to a position.
This study repaints within the bar, most of my indicators do not, but this one is about timing to get an edge on adding to your already in play position, becoming part of the needed momentum to hit profit targets faster. Also, this theory helps you add to winners, and if you never add to losers, you now have statistical odds in your favor. I got the idea for the study reading about turtle trader method and how that statistical edge is really why it works, always adding on every breakout. Keep in mind that I never buy or sell breakouts to initiate trades, only to scale in.
~Cheers!~ ~B3
Binary Option Arrows (example) [TheMightyChicken]An example of binary option arrows for candlestick patterns bearish and bullish harami. With results as colored background and an option to choose your expiration (one candle by default). It's just an example for those who has their own strategy and wants to make nice arrows in their chart. All you need to do is rewrite piece of script in lines 9:13 - feel free to ask me for any help, but I believe it's all clear.
Disclaimer: It's just an example how to script arrows for binary option and I am not responsible for any loss of money by using this particular strategy.
I wish happy and successful trading! ;)
Arrows Indicator Green bars when 8 ema crosses above the 20 ema.
Red bars when 8 ema crosses below the 20 ema.
These studies are based on the March 2009 article, Second Chance
Options , by Barbara Star PhD.
