I tried several channels, like the supertrend, ATR, Donchian or Bollingers, but they do not seem to fit my needs. So I created a new channel to PREDICT the next impulse move of a price. The current value of the top or bottom of the channel is based on 2 previous candles (not the candle itself), and it takes into account: - The Direction of the previous candles...
This indicator calculates the current price range. Calculate the slope or angle of the price velocity for both the fast and the slow period. You can use it to spot the top and bottom of the range and wait for the price to break out of either level. Once above the level top level or below bottom level, the price would move approximately the same distance as the...
The MTF Fair Value Gap (FVG) indicator provides multi-timeframe options to observe lower or higher gaps in different timeframes within your current one. This can enhance the confluence in your trading decisions. 🔶 USAGE An FVG is formed when a candle has an 'empty' body, leaving a gap. These areas are often filled before the market continues to trend in its...
The indicator calculates two volume-weighted moving averages (VWMA) using different lengths, and filters them based on a moving average of volume. The filtered VWMA values are then plotted on the chart as lines, representing the fast and slow moving averages. In addition, upper and lower bands are calculated based on the slow VWMA and plotted as lines on the...
This is my 1st indicator enjoy. Description of the VWAP Supply and Demand Zones indicator: This indicator uses the Volume Weighted Average Price (VWAP) to identify potential supply and demand zones in the market. The VWAP is a popular indicator that shows the average price of a security weighted by volume over a specified period of time. It can be used as a...
what is Faytterro Bands? it is a channel indicator like "Bollinger Bands". what it does? creates a channel using standard deviations and means. thus giving users an idea about the expensive and cheap zones. It uses a special weighted moving average different from standard bollinger bands, it also averages not only price but also deviations. how it does it? it...
Finally, after centuries of pain and suffering, the good townsfolk of TradingView have been given a single Keltner Channel indicator that will grant them FREE access to MORE THAN ONE Keltner Channel. With "The Killer Whale" indicator, Joe has once again saved all the peasants—those who cannot add 10,000 indicators to our charts—from the dirty tyrants who...
ChannelMomentumBreaker This indicator is based on an original idea which is derived from Dow Theory: "Asset prices incorporate all available information". The driving influence behind this indicator is to consider only Meaningful changes in behaviour in a time independent system. The way it works is simple and as follows: The indicator decides on a singular...
In short, the VWAP High/Low Channel is based on VWAP "newsession" on swing high/low, with a basis of the two. The VWAP High/Low channel seems to act like Bollinger bands or Donchain Channels when squeezing for a breakout, while also acting as a pivot after a breakout.
Introducing the Robust Channel indicator. This indicator is based on a remarkable property of robust statistics , namely, the resistance to the presence of data points that deviate significantly from the established trend (generally speaking, outliers ). Being outlier-resistant, the Robust Channel indicator “remembers” a pre-existing trend and thus exhibits...
The channel is of High and low using EMA, so it is easily to track and see higher high when prices is breaking above channel. same is vice-versa when price is breaking below channel.
This indicator plots dynamic price channels based on the security highest close and lowest open. The default is to display 8 core channels (with the option to plot the sub channel lines, off by default). It’s simple really—this just divides the price action into equal channels. I’ve found this pattern helpful across all markets. It’s dynamic because if a new...
Dear Traders, here I introduce my favorite indicator for find the trend channels with their primary, secondary and tertiary trend channel. Every channel develops themself without any drawing tools. The best way to trade with this indicator is to trade breakouts from consolidations. Consolidations (correction waves) you see, if the smaller trend is opposite...
Study version with alerts of standard "Channel Break Out Strategy".