It is common knowledge that most traders lose money by leaving trends too early and not letting profits run. Chop Filter attempts to paint over wrong-colored candles which might psychologically cause traders to bail off the trend. It also tries to detect potential trend reversals (experimental). How it works. Chop Filter highlights wicks with a shaded background...
SMA 200 determines the trend Bullish trend, green candles. Down trend, red candles. If the market value is narrow to the SMA200 channel, yellow candles. Setting recommended for SMA Range BTCUSD = 100 EURUSD = 1000 SPX = 100 ETHUSD = 10
You can use this script to setup alerts on Heikin-Ashi bar color change. You have to apply this script to usual candles and not Heikin-Ashi!!! Background color indicates HA bar color. On change you'll see green/red arrows and alert will be fired. Also you can find in the code calculations of all HA OHLC values.
Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback (Strong or Weak Bulls // Strong or Weak Bears) Candles / Bars Indicate the Following (default 13 period lookback / Length) MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume RED Bear Candle while VOLUME is...
Entry Signal when %B Crosses with SMA and this is more meaningful if it supports colored bars. Black Bar when prices go down and volume is bigger than 150% of its average, that indicates us price action is supported by a strong bearish volume Blue Bar when prices go up and volume bigger than 150% of its average, that indicates us price action...