This script uses floor pivots and a VIP level which is very important level from Price action point of view. These levels act as strong support and resistance levels. I Mainly use this for Banknifty:NSE but these can be used across any instrument which is can be traded. This script will be upgraded further with more price action concepts.
This script helps in plotting multiple price action tools useful for a intraday/positional trader.
1- It can Plot opening range breakouts ( ORB ) and can customise the opening range starting from 1 min to 60 mins as you wish.
2- It can plot historical opening range breakout levels.
3- It can plot multiple timeframe (Daily/Weekly/Monthly ) CPR lines and future...
This is a script which identifies the Narrow Range Candles or the Base Candles.
This scrip do not change the color of the Base candles but identifies them, hence any Gap between the Base Candles are not omitted. Gaps are extremely valuable information while trading based on Price Action.
So, we will have all the valuable information while analyzing the chart...
Price Action - Level/Zone (Expo) indicator identifies buying and selling pressure that has an impact on the price movement. This is visualized by a Zone, or Levels or with Barcolors depending on which settings are used.
Depending on the selected settings the indicator can identify buying and selling pressure which pushes the price further in the trend direction...
Will be making more enhancements to the Buy Sell indicator in the coming days..
The main idea of the indicator is to pick up small but powerful ups and downs in the market.
I personally use 1 min Time Frame as it works the best for me. These are quick entries, you can either exit quickly or trail your stoplosses for a nice profit.
The design is to provide...
This is my proprietary momentum oscillator indicator.
It is an indicator that seeks to track the momentum of price actions.
When the oscillator is above zero, it is interpreted to reflect upwards price momentum.
Likewise, when the oscillator is below zero, it reflects downwards price momentum.
Additionally, there are overbought and oversold zones at 10 and -10...
The latest in the indicator series tailored to discretionary traders.
This script draws a channel by using the highs and lows of previous timeframes. The H1 and H4 fill is extremely useful for taking low timeframe front-side reversals in a ranging environment, while providing high timeframe levels to take profit at, and plan your next trade.
I believe this...
Price action formation like a confirmation to get in to the trade. Based on 3 candles.
2HH formation= High-> higher high-> open above and close below high of the first bar.
2LL formation= Low-> lower low-> open and close above low of the first bar.
Intelligent Price Action - Movement Up (Expo)
DESCRIPTION
Intelligent Price Action - Movement Up (Expo) identifies important up movements that have an impact on current price characteristics. The indicator is visualizing buying pressure! These price patterns are valuable insight when trading the market.
This indicator response faster to price movement...
Intelligent Price Action - Movement Down (Expo)
DESCRIPTION
Intelligent Price Action - Movement Down (Expo) identifies important down movements that have an impact on current price characteristics. The indicator is visualizing selling pressure! These price patterns are valuable insight when trading the market.
This indicator response faster to price...
Intelligent Price Action - Positive Close (Expo)
DESCRIPTION
Intelligent Price Action - Positive Close (Expo) identifies important positive closes that have an impact on current price characteristics. The indicator is visualizing buying pressure! These price patterns are valuable insight when trading the market.
• Buying pressure is seen in reversal...
█ Overview
Price delivery algorithms in trading refer to complex computational algorithms used to determine the optimal price for executing trades. These algorithms are particularly relevant in electronic and algorithmic trading environments where large volumes of trades are executed automatically.
These algorithms are designed to analyze market data,...
Hi all Dear users,
Here, I have shared my CPR script on Daily, Weekly & Monthly basis. which will only works on intraday time frames. Best time frames recommended are 3,5 &15.
This will be very useful for intraday trades. And also it has more customizing options.
The features are:-
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- Have an option to use only Daily pivots.
- Have an option to...
This study is a proof of concept analysis of situations that can lead to divide with zero or divide by zero conditions. Such situations can lead to mathematical errors, and can increase the potential for false alerts.
One common formula that is prone to this situation is:
pct=(high-close)/(high-low)
This is used to calculate percentage change of a...
I have developed this indicator to compare the current price with the any given periods opening price and to spot if the market is bullish or bearish. You can compare the current price with the past periods using "Shift" feature.
Disclaimer: This is not financial advice
Trade safe,
Atilla
This indicator will mark 5 different candlestick patterns:
(1) bullish & bearish engulfing
(2) hammer & shooting star doji
(3) dragonfly & gravestone doji
(4) morning & evening star doji
(5) bottom & top tweezer
You may follow candlestick trading strategy by Rayner Teo here
Best indicator for volume price analysis:
-Trend detection
-Breakout detection
-Fakeout detection
Use pure candlestick chart and volume .
No need to use any other indicator.
You can feel about the battle between bulls and bears.
Read my book for more information!
Best indicator for volume price analysis:
-Trend detection
-Breakout detection
-Fakeout detection
Use pure candlestick chart and volume.
No need to use any other indicator.
You can feel about the battle between bulls and bears.
Read my book for more information!
