Based on historical data (rather than theory), calculates the probability of a price level being "touched" within a given time frame. A "touch" means that price exceeded that level at some point. The parameters are:
- level: the "level" to be touched. it can be a number of points, percentage points, or standard deviations away from the mark price. a positive...
This script shows the engulfing breaks, touches and potential reversals for when prices arrives at certain time frame closes.
On publishing it shows the crossovers of the 6 hour, Daily, Weekly, and Monthly time frames.
The candle main signals are contingent on crossing over the closing level, and engulfing the previous candle. Secondary signals occur when the...
This is a strategy based on the Mcginley Dynamic Moving Average indicator, a type of moving average that was designed to track the market better than existing moving average indicators. It is a technical indicator that improves upon moving average lines by adjusting for shifts in market speed.
Moving averages used:
The chart used for the...