Faust is a composite indicator that combines 3 volume indicators: TSV, OBV, and PVT. TSV moving average is plotted as an oscillator. OBV and PVT are calculated internally. Four divergences are calculated for each indicator (regular bearish, regular bullish, hidden bearish, and hidden bullish) with three look-back periods (high, mid, and small). For TSV, the...
This indicator, based on the ATR, allows you to identify the potential reversal on price and helps you identify the Support and Resistance. When the price moves far away from the multiple moving average, the background color changes : - Red for Short potential entry - Green for Long potential entry There are 2 ways to use this script : - Conservative : Use it...
Hello Traders, This indicator use the same concept as my previous indicator "CCI MTF Ob+Os". It is a simple "Relative Strength Index" ( RSI ) indicator with multi-timeframe (MTF) overbought and oversold level. It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily. There are options to...
Hello Traders, This is a simple Commodity Channel Index (CCI) indicator with multi-timeframe (MTF) overbought and oversold level. It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily. There are options to select 1-5 timeframes to detect overbought and oversold. Green Background is...
This indicator highlights points where price significantly deviates from a central level. This deviation distance is determined by a user-set value or using a multiple of a period 200 Atr and is multiplied by successive values of the Fibonacci sequence. Settings Method: Distance method, options include "Manual" or "Atr" Size: Distance in points if the...
K's reversal indicator I is a special combination between Bollinger bands and the MACD oscillator. It is a contrarian indicator that depends on the following conditions: • A buy signal is generated whenever the current market price is below the 100-period lower Bollinger band while simultaneously, the MACD value must be above its signal line. At the same time,...
Introduction Esqvair's Neural Reversal Probability Indicator is the indicator that shows probability of reversal. Warning: This script should only be used on 1 minute chart. How to use When a signal appears (by default it is a green bar), a reversal should be expected. The signal appears when the indicator value >= Threshold. If you want more signals, you must...
Multiple Wicks forming at OverSold & OverBought levels create Buying and Selling Pressure. This Script tries to capture the essence of the buy and sell pressure created by those wicks. Wick pressure shows that the trend is Exhausted. How it works: This Wick Pressure Indicator checks for three candles forming the wicks in overbought and oversold zones. The...
Bollinger Bands are mostly used for trend reversal. I believe they should be used for Trend Continuation and Trend Confirmation. In this Trending Bollinger Bands script you will see two bands drawn on chart. The Upper band is suggestive of Uptrend and Lower Band is suggestive of Downtrend Market. It just provides the guidance of where the market is now and...
// How it Works \\ Measuring the distance of the close price from a higher timeframe VWAP - Volume Weighted Average Price There is a threshold which is calculated by looking back at the previous x amount of bars and storing the highest/lowest values If the distance from the vwap stretches above that threshold, the histogram will go green if price is above VWAP and...
// How it Works \\ Order Blocks based on pivot reversal candle When a pivot High or Pivot Low is found and confirmed, a box will be plotted on the open and close values of that pivot candle // Settings \\ In the settings you have the ability to change the distances required to confirm an pivot High or Low These are the lengths where the script checks to see if it...
VIX REVERSAL SCALPER BY TREND FRIEND - STOCKS ONLY This indicator is built for scalping, but can be used for swing trades by adjusting the signal settings to a higher number. This indicator is meant for stocks with a lot of price action and volatility, so for best results, use it on charts that move similar to the S&P 500 or other similar charts. This indicator...
Introduction This is my newest Support/Resistance indicator based on the idea of my previous script which had been featured in Editors' Picks . Everyone seems to have their own idea of how you should measure support and resistance levels. This code finds the exact highest and lowest price points (Extrema) on the chart and then draws the support and resistance...
█ OVERVIEW This indicator shows bullish and bearish reversal signal candles. It finds the candles with extreme volatility and marks the candles with high probability for a reversal of the trend. █ CONCEPT This indicator uses the Bollinger Bands to mark the candles with high selling/buying pressure. Bollinger Bands consist of three bands total: an upper band,...
Pivot Points High/Low, sometimes referred to as "Bar Count Reversals" allows highlighting market prices local tops and bottoms. This method compares the price value at a certain index within a user-specified window length and tests whether it is the highest (pivot high) or lowest (pivot low). This method can return successive pivots of the same type, thus missing...
AMEX:SPY The Naked Bar Upward Reversal is a three bar candlestick pattern with an inside candle as a entry point. This pattern is bullish since it has a candle closing red from the previous candle; the most bearish pattern possible. The following inside candle is a reversal of its previous candle with an open above the previous candle's close. Look to buy the...
Simplified candlesticks tracks sticks for their body and wick - For Long bars sticks ( LS ) tracks and marks them on down trend as continuation and reversal if moves appositive direction. - For largest wicks on ends marks as regular Doji - For large wicks and medium body marks as possible consolidation - For only bottom bigger wick as bears weakness if trend...
Keltner Channel Bands Great indicator for mean reversion strategies. Alerts you can set: Crossover EMA Crossunder EMA Crossover upper band Crossunder upper band Crossover lower band Crossunder lower band Have fun!