Vadim Gimelfarb's article in this issue , "Bull And Bear Balance Indicator," describes a method of deducing market sentiment from close-to-close price movement. His system uses the various possible relationships between the previous close and current open, high, low, and close
..some measure of “center” or average price is useful.
- Adam H. Grimes
This line off Adams blog inspired me to cook up a very simple indicator that just takes the High and Low of the time given (input in minutes), adds them together and divides it in half. This way we get a center based on the higher timeframe. Not only does it inform you of the dominating...
This indicator is designed for price action. It divides the price range in to four zones based on last week values. Besides, it shows yesterday highest and lowest values. The price usually shows reactions to the drawn horizontal lines!
You specify a horizontal line by value, start date/time, and end date/time, and choose a data source (bar close is the default) and it will label count how many times that source crosses that line between those dates/times.
Enter the start and end dates for your horizontal line as MMDDYY and HHMM (24 hour time).
: Jan 17, 2020 would be 11720 (properly it would...
This indicator is an entry-level script that simplifies volume interpretation for beginning traders.
It is a handy tool that removes all the noise and focuses traders on identifying potential smart money injections.
This indicator is unique because it introduces the principle of a moving average in the context of volume and then...
Today I bring an amazing strategy that works for 1h time frames for silver.
Its made of price actions movement combined together with MACD and simple moving average
It does not use neither stop loss/take profit levels. Instead it will always exit at the next candle after it opens a trade.
The rules are the next one :
For short condition : we have a bull candle,...
This script measures percentage of ADL movement relative and difference to Stock Price movement, in a core this measure reflects "how in-the-market (ADL) volume moves Stock Price".
The higher green line, the easier prices moves higher, the smaller black line (ADL - Price difference) the more price reflects volume movements (e.g. ADL up -> Stock Price up same amount)
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...
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 conditions.
This is an update of "Uncle Mo's Ultimate Ichimoku V1"
2 x Ichimoku Cloud
5 x EMA
2 x MA
1 x HullMA
Bollinger Bands - ***NEW***
ATR - ***NEW***
PSAR - ***NEW***
Candlestick Patterns - ***NEW***
Price Action Bars- ***NEW***
List of credits:
@br0qn for the Ichimoku
@RicardoSantos for the Bill Williams Fractal...
Quality of life script I just threw together, figured some of you might get some use out of it
Does what you'd think
Could edit the security function (or add another) to return the info at any resolution