It is a graphical indicator that brings several advantages. Eliminates noise. Facilitates the identification of the trends. Uses fibonacci ratios. Can be used as directional force indicator.
Script to visualize 5 EMAS at period 5, 13, 50, 200, 800 for Daily timeframe and also it shows 50% bodycandle. Use it to understand the trend and domand/supply zone.
This is plots the indicator developed by Andrew Abraham in the Trading the Trend article of TASC September 1998 It was modified, result values wass averages.
Rainbow Oscillator script. This indicator was developed and described by Dr. Mel Widner (Stocks & Commodities V.15:7: Rainbow Charts).
Phase Change Index script. This indicator was developed and described by M. H. Pee (Stocks & Commodities V.22:5 (28-37): Phase Change Index). Other indicators of M. H. Pee:
This is plots the indicator developed by Andrew Abraham in the Trading the Trend article of TASC September 1998 It was modified, result values wass averages.
Standard Bollinger Bands of which the bands are filled and MA colored depending on the condition. Uses an algorithm which is a mixture of CCI, Moving Averages and trends. Bands are colored red or green as a warning only, not as a trading signal. There is no particular way to read this indicator, it is experimental. May become more choppy on smaller time frames....
You can know chart trend by this indicator. SMA theory is using for search trend. Green back color = Uptrend start Red back color = Downtrend start
Release Notes: - Trend trading tool - When the monthly range line or cloud is blue, the trend is up, vice-versa for orange/red. - Length auto-adjusts for every timeframe. This indicator does not work on weekly and above timeframes. - Monthly line color change doesn't work on some things like forex because the price is too low The origin of this concept is not...
Can be used on any timeframe. Gives you an idea of the overall trend. Idea courtesy -> @shane73 Red indicates - Downtrend Green indicates - Uptrend
This is the alerts for automated trading for: Power Penguin is a script that detects a trend and determines entry into the market based on the strength and price action. Thanks to all my early backers for believing in my work! This script is optimal for use in any market at this time. To request a trial for this script, please PM...
This indicator is known as the ‘Zero_n0ncense Balance of Power RSI Extremes’ and it is one of the more effective indicators that I have ever used (in terms of its predictive power). The creation of this indicator relies on a few different principles. Principle #1 At a base level, the Balance of Power indicator was used. This indicator is typically utilized in...
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...
Ehlers Reverse Exponential Moving Average script. This indicator was originally developed by John F. Ehlers (Stocks & Commodities V. 35:10: The Reverse EMA Indicator).
This is a support and resistance band use to see are where the price might reverse. I set the EMA to 2 as minimum because 1 is not able to show you the zone properly. I've live trading myself and been successful with it. I use ATR2, EMA2, Band0.215 and TF1440. This will repaint but not as bad. Refresh everytime according to your trading timeframe. Have to protect...
This is the Trend Hunter Alert Companion study. A trend following/breakout strategy with profit percentage targets.
A simple trend following system. We use 2 moving average to determine trend. Green for up trend, red for downtrend. Trades are only opened on the trend direction. In up trend, we will buy only if RSI is in oversold condition. In down trend, we will sell only if RSI is on overbought condition. Both of the condition are highlighted. Keep the trading rule simple...