This study is a proof of concept analysis of situations that can lead to divide with zero or divide by zero conditions. Such situations can lead to mathematical errors, and can increase the potential for false alerts.
One common formula that is prone to this situation is:
This is used to calculate percentage change of a...
This script detects an event created by Oliver Velez, it is a wide-range candle with a small body and a long tail (hammer-type candle), its range is noticeably larger than previous candles, as a rule it can be taken that the body should be maximum of 30% of the total range of the candle with a long tail. The stop goes under the tail and the signal is given when...
This strategy is based on TD sequential study from glaz.
I made some improvement and modification to comply with pine script version 4.
Basically, it is a strategy based on proce action, supports and resistance and can be used also for scalping.
It could be improved with exit rules, stop loss based on ATR etc.
I have also a study with alerts.
RSI with a twist. The values are calculated differently depending upon whether the RSI is above or below the centre point. I have found this gives:
More pronounced divergences which are easier to spot and more accurate at predicting local top and bottoms
More accurate indications of overbought/oversold...
//This indicator shows Day's candle measurements with past averages. First column shows the candle details for the present day.
//"Open - Low", "High - Open", "Range(=High-low)", "Body(open-close)"
//Averages are calculated for occurences of Green and Red days. Up Averages are for Green days and Down Averages are for Red days.
//Average are not perfect...
This script "slices up' the price action in hourly, daily, weekly,... slices
to give a view of the sentiment and price action or volume during the selected period.
Different time periods can be selected.
There is a choice to display the information in:
- normal candlesticks
- heikin ashi candles
- volume candles
On this occasion I present a script that detects Ignored Red Candles and Ignored Green Candles, basically it is a Price Action event that indicates a possible continuation of the current trend and gives the opportunity to climb it with a Very tight risk, before delving into detail I would like to leave this note:
Note: the detection of this event does not...
This script detects an event created by Oliver Velez, basically it is a wide-range candle, its range is noticeably larger than the previous candles, this event indicates a possible continuation of the movement, or the beginning of an extended movement. The candle has to be of good body, as a rule it can be taken that the body must be more than 70%. The stop goes...
This script detects an event created by Oliver Velez is called Bull / Bear 180, in the following images the event is detailed:
- The size of the control bar can be set compared to a number of previous bars
- The minimum % of the control bar body can be set
- You can filter by trend
This script graphics the "fantastic 4" area, was created by oliver velez and is used in the opening of the american stock market, determined by:
1- ma200 at the closure of the previous day
2- ma20 at the closure of the previous day
3- price of previous day closure
4- activity of the last 30/60 min prior to the closure of the previous day (search the maximum...
This indicator will mark 5 different candlestick patterns:
(1) bullish & bearish engulfing
(2) hammer & shooting star doji
(3) dragonfly & gravestone doji
(4) morning & evening star doji
(5) bottom & top tweezer
You may follow candlestick trading strategy by Rayner Teo here
This is an indicator that draws support and resistance zones / levels based on price action in and around Keltner Channels.
There are 3 different modes;
Draw zones based on price breaking the upper band
Draw zones based on price breaking the lower band
Draw zones if price stays within the bands for a prolonged period of time.
You can also decide if you...
If you think of a perfect doji candle, where the wicks on top and bottom are exactly the same, that's a candle with a delta of 0. What this indicator does is show the delta/difference between wicks, if the top wick is longer than the bottom wick it show's sell pressure/bear interest, which is displayed as a red bar and vice versa for buy/bull pressure, which is...
Adds a purple label to the right of price if RSI is overbought or oversold, otherwise it doesn't show anything at all, nada. Handy for people (like me) who often focus on price action and forget to watch the RSI
Trang web này sử dụng cookie để đảm bảo bạn có được trải nghiệm tốt nhất trên trang web của chúng tôi. Để tìm hiểu thêm về cookie, bao gồm cách kiểm soát cookie, vui lòng đọc Chính sách cookie của chúng tôi.