Using RSI and 4 exponential moving averages, I created this indicator so that you can spot inconsistencies between price action and RSI. There's a lot of misunderstanding surrounding RSI, most people think if something's 'oversold' buying is a guarantee win. This definitely isn't the case as there's many more variable to consider. In addition, with this indicator,...
Basic EMA scalping strategy . HFX Short time frames, using candlestick patterns to find Exponential Moving Highs and Low to Indicate Active Trends
- You can analyse the trend strength on daily time frame by looking of weekly and monthly is greater than 60. - Divergence code is taken from tradingview's Divergence Indicator code. #Strategy 1 : BUY ON DIPS - This will help in identifying bullish zone of the price when RSI on DAILY, WEEKLY and Monthly is >60 -Take a trade when monthly and weekly rsi is >60 but...
3 indicators in 1. Included Indicators are: - EMA 8,13,21,55,100,200,450 - Ichimoku - Bollinger Band These can be used to determine changes in trends when: - EMA's collide, trajectories shift, or certain levels are reached. - Ichimoku cloud is above or below the candles. - Bollinger Band's width changes, or range is broken. Reasons for 3 in 1 assembly: This...
Level: 1 Background The Relative Strength Index (RSI) developed by J. Welles Wilder is a pulse oscillator that measures the speed and change in price movements. The RSI hovers between zero and 100. Traditionally, the RSI is considered overbought when it is above 70 and oversold when it is below 30. Signals can be generated by looking for divergences and error...
Just a simple script which plots on any timeframe the kijunsen of a single specific timeframe, selectable by the user. Useful for strategies which need to work on various timeframes, but need the kijun of that specific timeframe to be always visible for the analysis.
Level: 1 Background One of the biggest differences between cryptocurrency and traditional financial markets is that cryptocurrency is based on blockchain technology. Individual investors can discover the direction of the flow of large funds through on-chain transfers. These large funds are often referred to as Whale. Whale can have a significant impact on the...
Level: 1 Background Oscillators are widely used set of technical analysis indicators. They are popular primarily for their ability to alert of a possible trend change before that change manifests itself in price and volume . They should work best in times of sideways markets. Function L1 Short-Mid-Long-Term Swing Oscillator puts three terms of oscillators to...
Level: 1 Background The KDJ oscillator display consists of 3 lines (K, D and J - hence the name of the display) and 2 levels. K and D are the same lines you see when using the stochastic oscillator. The J line in turn represents the deviation of the D value from the K value. The convergence of these lines indicates new trading opportunities. Just like the...
This Indicator is a pack of set of Indicators. I am a Bill Williams Chaos and DiNapoli system trader. It includes following indicators, 1. Wiseman 1 - Divergent Bar indicated by Circle. Angulation to be manually observed 2. Wiseman 2 - The Super AO signal, indicated by a square 3. Wiseman 3 - Bill William's Fractal indicated as Triangle 4. DiNapoli DMA1 - 3 Bar...
To create the script I used the LonesomeTheBlue code. Thank him for his code. The indicator shows trend lines. Up to three support lines (red) and up to three resistance lines (lime). There can be up to 6 lines at a time. However, most often there will be from 0 to 1 line. Trend lines may be extended to the right. For this purpose there is a checkbox in the...
Description: ATR Pivot Point Index (ATR_PPI) is based on the theory of mean reversion. I was inspired to create this indicator after watching a particular YouTube video on the UKspreadbetting channel. In this video, the trader being interviewed mentioned that he would exit when price is too far from the moving average. In other words, he exits when he thinks...
This needs no explanation, this is the secrete system that has made many millionaires - By selling courses and indicators of course -I jest This was just a fun project, that doesn't mean it was not geared towards tradable S/R generation. People who use Gann and Murrey methods will find this useful, others can marvel at it or lol at it, it's all good. The author...
The 2 Pole Super Smoother Filter was created by John Ehlers (Cycle Analytics For Traders pg 32) and this follows the price very closely and very useful because it is consistent with uptrends and falls sharply during a sudden downtrend so it should be able to help you stay more profitable. Buy when the indicator line turns green and sell when it turns red. Let me...
NKP Super V1 is an indicator. It will select the stocks based on strategy and plot the buy, sell and Stop loss lines in live market based on custom calculated information about entry points at price move above buy(green) line . When ever fresh candle open above/below the green/red line it the entry point based on sign. we can see the Two SMA limes 10, 50 for...
The Fisher Transform Indicator was created by John Ehlers and the beauty of this indicator is that it provides sharp and clear turning points that are also very early Histogram to see is the momentum is strong or weak. Buy when the indicator cross under 0 line and sell when the indicator cross above 0. Good to use with ema 50-100-200 for trend confirmation and...
Level: 1 Background A breakout refers to when the price of an asset moves above a resistance area or below a support area. Breakouts indicate that the price may be trending in the direction of the breakout. Function L1 Breakout Indicator utilizes highest() and lowest() functions to define breakout levels. Use ema() to draw a trade line to detect the distance to...