Simply use it by clicking on your chart on the places you find important to determine whether you entries or exits look strong or weak.
Flying Dragon Trend Indicator can be used to indicate the trend on all timeframes by finetuning the input settings. The Flying Dragon Trend family includes both the strategy and the indicator, where the strategy supports of selecting the optimal set of inputs for the indicator in each scenario. Highly recommended to get familiar with the strategy first to get the...
Flying Dragon Trend Strategy can be used to indicate the trend on all timeframes by finetuning the input settings. The Flying Dragon Trend family includes both the strategy and the indicator, where the strategy supports of selecting the optimal set of inputs for the indicator in each scenario. Highly recommended to get familiar with the strategy first to get the...
Trop Bands is a tool that uses an exponential moving average (EMA) as its central trendline and upper and lower bands to identify potential buying and selling opportunities in the market. The bands are calculated based on recent moves away from the EMA, and they are plotted around the central trendline to provide a visual representation of market trends and...
How do I use it? Never use this indicator as standalone trading signal, it should be used as confluence. It is highly recommended to use this indicator on the 15m timeframe and above, try experimenting with the inverse feature and multipliers as well. When the price is above the moving average this shows the bullish trend is strong. When the price is below...
RSI Momentum Bands serve a purpose to find best RSI momentum for entering a trade. Indicator is built simply: 1st RSI MA is smoothed RSI by little period, 2nd RSI MA is smoothed RSI by a bigger period. Then we calculate standard deviation from the 2nd MA and make upper and lower band. The rules for trades are simple: When RSI is above higher band - Buy ; ...
The original indicator was created by alexgrover . All credit goes to alexgrover for creating the indicator that this strategy uses. This strategy was posted because there were multiple requests for it, and no strategy based on this indicator exists yet. The Recursive Bands Indicator, an indicator specially created to be extremely efficient, I think you...
█ Multi Timeframe Moving Average Ribbon and Bands + Bollinger Bands, Gaussian Filter and Rolling Volume Weighted Average Price with Standard Deviation Bands Up to 9 moving averages can be independently applied. The length , type and timeframe of each moving average are configurable . The lines, colors and background fill are customizable too. This...
Have you ever wondered how much the RSI can vary during an open session? How much wicks can make the RSI overshoots before it retraces for the close? This indicator plots the RSI shadow, which is the area between the highest and lowest RSI values attained during each open session, from the high/low wick price candle (ie, not the open value). Technically, we...
This is a vwap & vwma hybrid with upper & lower deviation bands that provide excellent price channels and reversal areas. It can be used on lower & higher timeframes, just increase the deviation % for higher timeframes. Try out the 1 minute timeframe with .5% deviation for great scalping levels. Here is the calculation used for the main line. (VWMA100 + VWMA500...
Parkinson's Historical Volatility Bands are constructed using: Average as the middle line. Upper and lower bands using the Parkinson's historical volatility (instead of "regular" Historical Volatility) for bands calculation. What is Parkinson's Historical Volatility? The Parkinson's number, or High Low Range Volatility developed by the physicist, Michael...
Historical Volatility Bands are constructed using: Average as the middle line. Upper and lower bands using the Historical Volatility for bands calculation. What is Historical Volatility? Historical Volatility (HV) is a statistical measure of the dispersion of returns for a given security or market index over a given period of time. Generally, this...
█ This indicator shows an upper and lower band based on price action and ATR (Average True Range) The average true range (ATR) is a market volatility indicator used in technical analysis. █ Usages: The purpose of this indicator is to identify changes in trends and price action. It is mainly used to identify breaking points and trend reversals. But it can also...
Relative Strength Index with Moving Average, Linear Regression, Zig Zag (Highs and Lows), Divergence, Ichimoku Cloud, Moving Average Convergence Divergence and True Strength Index Histogram This script is based on zdmre's RSI script, I revamped a lot of things and added a few indicators from ParkF's RSI script. Disable Labels in the Style tab and the histogram if...
Description This indicator is used to find support and resistance utilizing both buying and selling volume. It can be used on lower and higher time frames to understand where price is likely to reject or bounce. How it works Instead of calculating the VWAP using the total volume, this script estimates the buying/selling volume and respectively calculates their...
█ This Indicator is based on Pivot detection to show bands and channels. The pivot price is similar to a resistance or support level. If the pivot level is breached, the price should continue in that direction. Or the price could reverse at or near this level. █ Usages: Use channels as a support & resistance zone. Use bands as a support & resistance zone....
Multi Timeframe Exponential Moving Average Ribbon & Bands + Boillinger Bands I used the script "EMA Ribbon - low clutter, configurable " by adam24x, I made some color change and I added a few indicators (Boillinger Bands, EMA on multi timeframe and EMA bands from "34 EMA Bands " by VishvaP). The script can display various EMA from the chart's timeframe but...
This is a combination of all the price chart indicators I frequently switch between. It contains my day time highlighter (for day trading), multi-timeframe long-term trend indicator for current commodity in the bottom right, customizable trend EMA which also has multi-timeframe drawing capabilities, VWAP, customizable indicators with separate settings from the...