This is a simple Day Trade indicator, but can be used for swing and long term trades. It is based on Donchian Channels to detect trend and point out resistance or support breakouts using arrows. The bars ared colored when a breakout occurs. When a resistance breakout occurs the current and the next bars are colored green (default) and when a support breakout...
The triangular moving average (also known as the TMA) is similar to other moving averages in that it shows the average price over a specified number of bars. The purpose of the triangular moving average is to double smooth the price data, which will produce a line on your chart which doesn't react as quickly as an SMA would. this channel has been plotted based on...
this indicator plots stochastic RSI inside donchian channel. 0% stochastic rsi is coinciding with lower band while 100% stochastic rsi is matched on upper band
this indicator shows the trend lines and the channel which price fluctuate within, according to highest and lowest prices (historical data) every line is calculated according to present bar and no repaint occurs.
scream channel indicator is an indicators, which shows extreme price actions. when the blades are downward, the trend is downward and the price tend to falling, and also for upward blades. scream channel is compatible with all markets and time-frames.
Green means buy and red means sell. Adjust according to your fits. Have to lock the code just in case someone will commercialise this.
A channel that contains approximately 95% of all price data for the past 100 bars, about five months on a daily chart. It automatically plots correct channels for any trading vehicle in any timeframe.
A channel that contains approximately 95% of all price data for the past 100 bars, about five months on a daily chart. It automatically plots correct channels for any trading vehicle in any timeframe.
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...
The Keltner Channel, a classic indicator of technical analysis developed by Chester Keltner in 1960. The indicator is a bit like Bollinger Bands and Envelopes. WARNING: - This script to change bars colors.
The Keltner Channel, a classic indicator of technical analysis developed by Chester Keltner in 1960. The indicator is a bit like Bollinger Bands and Envelopes.
Keltner Channels are volatility-based envelopes set above and below a moving average first devised by Chester W. Keltner then later revised by Linda Bradford Raschke. This script allows for the overlay of the Keltner Channel across multiple-timeframes. Additionally allows for the selection of the true range average type with a user defined lookback...
This is a study to configure alarms based on the Channel Breakout indicator.
This is a Channel formed using price volatility and custom formulas developed by Train MT4. It is good for use on Stocks and Forex Symbols using the Daily charts. It is probably useful for more than just Daily timeframes, but I have only tested on daily.
This indicator try to create a channel by summing a re-scaled and readapted sinusoidal wave form to the price mean. The length parameter control the speed of the sinusoidal wave form, this parameter is not converted to a sine wave period for allowing a better estimation, higher length's work better but feel free to try shorter periods. The invert parameter...
Shout out to nPE- for the idea. Bands made with stdev from 10 day OHLC. Keeps resolution to daily, so you can use bands as daily pivots for day trading. Upper band 1=yesterday close + 0.5 std(ohlc,10) Upper band 1=yesterday close + 1 std(ohlc,10) Mid=yesterday close Lower band 1=yesterday close - 0.5 std(ohlc,10) Lower band 2=yesterday close - 1 std(ohlc,1