Keltner Channel Bands These normally consist of: Keltner Channel Upper Band = EMA + Multiplier ∗ ATR Keltner Channel Lower Band = EMA − Multiplier ∗ ATR However instead of using ATR we are using RMA This gives us a much smoother take of the KCB We are also using 2 sets of bands built on 1 Moving average, this is a common set up for mean reversion...
This indicator calculates the Opening Price Gap (OPG) between yesterday's close and today's open. If the OPG is smaller than -0.03%, open a long position with take profit at yesterday's close. If the OPG is greater than 0.03%, open a short position with take profit at yesterday's close. Close all positions at midday.
Time Filter (days of week and hours of day) Here you can select which days of the week you would like to filter as well as what hours you would like it to trade within. Take this code and add it to any script and use the "TimeFilter" to your strategies or indicators to filter out certain times
This indicator can only be used with 'GOLD' ticker. It is used to estimate Gold valuation based on major countries base money supply M0 such as US, EU, JP and CN. These 4 countries represent nearly 75% of total global money supply in the world. The chart will compare how gold value will move alongside with base money supply for comparison study. The chart...
This indicator is used to estimate Index valuation based on each countries base money supply M0. The chart will compare how the index value will move alongside with base money supply for comparison study. The chart presented here is just a relative comparison with some scaling and shifting so it doesn't refers to any real measurement. However it can be used to...
'Failed Breakdowns' are a popular set up for long entries. In short, the set up requires: 1) A significant low is made ('initial low') 2) Initial low is undercut with a new low 3) Price action then 'reclaims' the initial low by moving +8-10 points from the initial low This script aims at detecting such set ups. It was coded with the ES Futures 15 minute chart...
This script will plot pivot points (swing highs and lows) in the form of lines, boxes or labels to help you identify market structure, “liquidity” areas, swing failure patterns, etc. You are also able to see the volume traded at each pivot point, which will help you compare their significance. Bars Left-Right A pivot high (swing high) is a bar in a series of...
This is live only Footprint indicator. Warning: TV does not provide tick by tick data and updates come in snapshots . Based on this, this indicator can never show precisely what is happening on the bid/ask. What it shows is only an approximation that works well enough if the tape is not too fast. Use it at your own risk, with the warning above in...
The VTA indicator is a trend analysis indicator based on trading volume and candlestick charts, used to determine the states of bullish strength, bearish strength, and market balance. When the bullish volume gradually increases while the bearish volume gradually decreases or remains steady, the market is in a state of bullish strength; when the bearish volume...
This is a normal Relative Strength Index with default length set to 14 periods In addition, SET and MAI market Trend filter: When SET or MAI is above 10 and 35 EMA - consider as a strong uptrend. SET or MAI is below EMA 10 but still above EMA 35 - consider as a healthy Uptrend but resting with lower momentum. SET or MAI is below EMA 10 and 35 - consider as a...
for range of the price ( Adjustable ) This indicator shows you in what price range it may move. This indicator is adjustable. You must set your installation to the past of its chart. (depends on timeframe) Pay attention to adapt it in different time frames and with your strategy. The function of this indicator is simple. Based on the first factor (the number of...
Japanese below / 日本語説明は英文の後にあります。 ------------------------- This indicator that displays High/Low lines for each session. The Key Levels of each session can be visually recognized, which is useful for PD Array analysis. You can display the last 3 days. Based on trinity by ICT. The biggest feature is that the color shape of the line changes when reaching High/Low....
Monthly options expiration for the year 2023. Also you can set a flag X no. of days before the expiration date. I use it at as marker to take off existing positions in expiration week or roll to next expiration date or to place new trades. All the best traders.
'MA Band Distance Monitor' indicator is a simple tool for traders who rely on moving averages to make trading decisions. This indicator plots two moving averages of your choice (you can select the type of the moving average), and fills the space between them, creating a "band". The indicator also generates a table that displays the current price distance from both...
what is "Trend Oscillator"? it is an indicator for determining the trend. what it does? analyzes the price action by reducing it to 4 different situations. Red means strong bear, orange means bearish, yellow means weak bull and green means strong bull. It was developed to help traders who trade in the direction of the trend and its biggest promise is to simplify...
This is a stock screener that incorporates open source code by QuantNomad, with the addition of slow and fast EMA pullback and crossover functions. It is designed for intraday scalping and quick trades, using 1, 3, and 5 minute candles. The RSI, Supertrend, and ADX indicators help to confirm trade setups, and the use of discount, premium, and equilibrium zones can...
First of all, a big shoutout to @shayankm, @LazyBear, @Bromley, @Goldminds and @LuxAlgo, the ones that made this script possible. This is a version of Waddah Attar Explosion with Traders Dynamic Index. WAE provides volume and volatility information. Also, WAE calculation was changed to a full-on MACD, to provide the momentum: the idea is to "assess" which MACD...
This simple script detects when the major American sectors — technology ( QQQ ), financials ( XLF ), and healthcare ( XLV ) — are at the high or low of the current day at the same time. This information can be useful to gauge the potential strength or weakness of the trading day. The script uses the security function to pull in data from the three major indices...