Forex Insight Pro 3.0

Forex Insight Pro 3.0 for TradingView gives you abilities to see the stories hiding in the graphs of markets. It marks and reminds you about important parameters that are happening on the graph including:

• Helps you to label the numbers from sequential counting of CC-X which compares the Close price of the right bar to the Close price of the left bar in a group of X price bars. For example CC-5 will compare the Close of right bar (current bar) to the Close of left bar in a group of 5 price bars (right, left and other 3 bars in the middle). If the close of right bar is higher than the close of left bar, an increasing number will be printed above the right bar. On the other hand, an increasing number will be printed below the right bar if the close of right bar is lower than the close of left bar. Sequences of consecutive increasing numbers above or below the price bars indicate buying or selling pressure in the market.
  

• Helps you to generate CC-X Support and Resistance levels which are the highest or lowest prices in the range of settable number of bars. For example, if 9 consecutive CC-5 below the price bars is specified, the resistance line will be plotted at the highest price of the most recent 9 bars. Similarly, if 9 consecutive CC-5 above the price bars is specified, the support line will be plotted at the lowest price of the most recent 9 bars. These CC-5 support and resistance levels often become important price structures in the graph for breakout or trend reversal later on.
  

• Helps you to notice increment / decrement of Middle line of the Bollinger band indicator or increment/decrement of MACD indicator in colors. The normal Bollinger band indicator will have the gray middle line. You can set its color to blue/fuchsia to reflect increasing/decreasing value of the Bollinger middle line or set its color to lime/red to reflect increasing/decreasing MACD value.
  

• Helps you to notice high level of RSI value by printing "H-RSI" above the price bar if the RSI value is greater than the preset value such as 70% or notice low level of RSI value by printing "L-RSI" below the price bar if the RSI value is less than the preset value such as 30%. The "H-RSI" and "L-RSI" could be used as warning signs that the reversal of the price trend might follow in the near future.
  

• Helps you to notice the crossing of MACD line and its smoothing Signal line by printing "MACD > Sig" below the price bar if the MACD line crosses above the Signal line and printing "MACD < Sig" above the price bar if the MACD line crosses below the Signal line. Crossing of MACD and Signal lines could be used as warning signs that the reversal of the price trend might follow in the near future.d as warning signs that the reversal of the price trend might follow in the near future.
  

• Helps you to notice the crossing of MACD line between the positive and negative zones by printing "MACD > 0" below the price bar if the MACD line changes to positive region and printing "MACD < 0" above the price bar if the MACD line crosses into the negative region. Changing the sign of MACD value could be used as warning signs that the reversal of the price trend might follow in the near future.
  

• Helps you to notice the crossing of the fast simple moving average line and slow simple moving average line by printing "F > S" below the price bar if the fast SMA line crosses above the slow SMA line and printing "F < S" above the price bar if the fast SMA line crosses below the slow SMA line. Crossings of fast and slow SMA often indicate reversal of the price trends. the price bar if the fast SMA line crosses below the slow SMA line. Crossings of fast and slow SMA often indicate reversal of the price trends.
  

• Helps you to label the Local Maximum and Local Minimum bars. If the high price of the middle bar inside a group of 3 bars is higher than its left and right neighbors, the label "Max" is printed above that middle price bar. Similarly, the label "Min" is printed below that middle price bar if the low price of it inside a group of 3 bars is lower than those of its left and right neighbors. Local Maximum and Minimum helps a lot in drawing the most recent supply and demand lines in which the price may breakout from.
  

Parameters of features in the above list could be changed, or turned on/off easily in the input options.

The source code of Forex Insight Pro 3.0 custom indicator is protected. Only invited TradingView members can apply this indicator to their forex, crypto currencies and stock price charts. Lifetime invitation is for 100 USD with free future upgrade and online support. Rental invitation is for 10 USD/month. Paypal, bank transfer and Bitcoin payments are welcome.

The author (Dr.Graph or Nimit Chomnawang, Ph.D) can be contacted with his TradingView handle .

Release Notes:

Marking C75 and C25 are added.

• Helps you to label "C75" to the price bars that close at or above 75% of their own range and label "C25" to the price bars that close at or below 25% of their ow n range. A C75 bar is often followed by an uptrend while a C25 is often followed by a downtrend.
  

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How to install the script:
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*Go to the bottom of this page and click on "Add to Favorite Scripts".

*Open a new chart and click on the "Indicators" tab.

*Click on the "Favorites" tab and choose "Forex Insight Pro 3.0".

*Right click anywhere on the graph, choose "Settings".

*In "Style" tab, choose the Dark Theme.

*In "Scales" tab, select Decimal Places = 1/100000.

*In "Background" tab, uncheck "Indicator Arguments" and "Indicator Values".

*In "Timezone/Sessions" tab, choose Time Zone = Exchange.

*At the bottom of settings window, click on "Template", "SaveAs...", then name this theme of graph setting for future call up such as "Forex Insight Pro".

*Click OK.

*For free TradingView plan, you can add two more indicators to the chart. That means you may add RSI and MACD indicators with same parameters as those setup in Forex Insight Pro.

Release Notes:

The default setting enables all features in the FIP3 with the following parameters:

CC(X) = 5
CC(X) alert = 9
Show CC(X) numbers
Show CC(X) support and resistance lines
Fast SMA = 5
Slow SMA = 13
Show SMA lines
Mark SMA crossing
Bollinger band period = 50
Bollinger band standard deviation = 2
Set middle line color on Inc/Dec middle BB
Show Bollinger bands
RSI = 14
High RSI = 70
Low RSI = 30
Mark H-RSI / L-RSI
MACD fast EMA = 12
MACD slow EMA = 26
MACD signal SMA = 9
Mark MACD crossing zero
Mark MACD crossing signal
Mark local max / local min
Mark close75 / close25
Show previous day's high and low

Release Notes:

For bettervisibility, the default color for Previous Day's High / Low has been changed to lime (bright green).

Release Notes:

For better visibility the upper and lower Bollinger bands color is white by default.

Release Notes:

Default color for fast SMA and slow SMA are red and green, respectively.

Release Notes:

A bug in High/Low of the previous day was fixed.