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.
L1 Breakout Indicator utilizes highest() and lowest() functions to define breakout levels. Use ema() to draw a trade line to detect the distance to...
This script plots the high/low of any custom session and extends it until the daily close. It does not show on the timeframe higher than the length of custom opening session by default.
The time period of opening range & the max timeframe to display it on can be adjusted from the settings.
So for eg. if want to use 5m ORB to trade, then set "ORB total time"...
High & Low Of Custom Session - OpeningRange Breakout (Expo) prints the high and the low of a custom session.
I use the indicator to trade the re-test of opening range (high/low) as well as breakouts from the opening range. The same logic can be applied to the session you have chosen.
HOW TO USE
1. Use the indicator to trade the re-tests of the session...
MATHR3E D-MA is an indicator based on TD moving average (I) and (II) developed by Thomas Demark.
The indicator is useful in determining if a market is trending, and, if so, in providing entry points to initiate a trade in line with the expected directional move.
As with all the Thomas Demark indicators, this study is based on relative price action, and so you...
today I would like to share an indicator that I had in my mind for quite some time. I call it ADX Boxes.
How does it work?
What the indicator does is very simple. Whenever the ADX falls below a certain threshold (which can be managed in the user input settings) a box will appear. The box will continue to grow as long as the ADX stays below the...
Opening Range Breakout with 2 Profit Targets.
Updated Indicator now works on all Symbols with Many Different Session Options.
***Known PineScript Issue…While the Opening Range is being Formed the lines only adjust for that individual bar. Just reset Indicator after Opening Range Completes.
***All Times are Based on New York Time
Session Options Forex U.S....
If you like the script please come back and leave me a comment or find me on the interwebs. I get notified you "liked" it... but I have no idea if you actually use it. So, let me know =)
The script uses the open price as the mean and calculates the standard deviation from the open price on a per candle basis
- Goal: -
To establish a mean based on the Open Price...
This long only strategy determines the price of the last fractal top and enters a trade when the price breaks above the last fractal top. The strategy also calculates the average price of the last fractal tops to get the trend direction. The strategy exits the long trade, when the average of the fractal tops is falling (when the trend is lower highs as measured by...
The purpose of this script is to decipher chop zones from runs/movement/explosion
The chop is RSI movement between 40 and 60
tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored black, a series of black bars is tight consolidation and should explode imminently. The...
With this support and resistance indicator, if you want more levels just change the timeframe it looks at in the settings. It will pull the SR levels off the timeframe specified in the settings. Note: SR1 and SR2 timeframe should match.
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...
EXPERIMENTAL: use at your own discretion.
custom session breakout strategy, it uses a percentage of daily atr to set breakout limits. strategy only viable for intraday timeframes and is suggested under 1hour.
Sometime ago (very long ago), one of my tinkering project was to do a spam or ham classification type app to filter news I'd wanna read. So I built myself a Naive Bayes Classifier to feed me my relevant articles. It worked great, I can cut through the noise.
The hassle was I needed to manually train it to understand what I wanna read. I trained it using 50...