A tool that automatically draws out trend lines by connecting the most recent fractals. Description: The process of manual drawing out trend lines is highly subjective. Many times, we don’t trade what we see, but what we “want to see”. As a result, we draw lines pointing to the direction that we wishfully want price to move towards. While there are no...
GNC got a little update: 1) Logic changed a bit. I tried to calculate MAs based on the power(high - low of previous bars).You can see it the M-variables, as new statements were added in calculation section of MAs. I don't really know if I did right, because I didn't go too much in Pine Script. I just wanted to make a Bollinger-bands-like bands, which could...
A Directional Bias to stop me trading against the trend Utilising EMA'S - I personally view on the 15M TF but it can be set on any 40/50/60 15Minute STF and 13/35/50 - 30M 1H and 4H HTF Mixing them together in direction and location to each other Gives a 6 colour system for keeping away from trading against trend Dark Red Both Align - Sells Only do not...
The following script is an original creation originally posted on the blog section of the broker Alpaca. The proposed indicator aims to measure the degree of variations of individual up-trends and down-trends in the price, thus allowing to highlight the direction and amplitude of a current trend. Settings Length : Determines the significance of the trends...
This indicator builds market structure. Indicator settings: - "Start Time" -> You can select the point from which the indicator will build a market structure - "Swing Period" -> It is a swing information - "The beginning of the trend is ascending" - "Disable WICK indicator" -> You can disable Wick indicator
Channel, made of 5 MAs, which a made this way: High of N-period SMA - Low of N-period SMA + X-period SMA (check the code), where N and X are defined by your input. Main purpose: helps you understand in what range price can move. WARNING! HAS TO BE USED WITH OTHER INDICATORS TO HAVE MORE ACCURATE ENTRIES!!! If the price is above or below the channel, it means...
UV Indicator (Ultimate VWAP Indicator) is using Volume Weighted Average Price to find Direction of the Trend, and Resistance & Support. - Circle and Square shapes represent the point of Resistance and Support. - Teal and Maroon background colors represent Uptrend and Downtrend of the Market. - Numbers represent the Spread Percentages.
This market-first trading strategy gives BUY, SHORT, and CLOSE signals based on volume, trend, and relative strength or weakness to the market (SPY by default, can be customized). This indicator is useful for signaling day-trade entries and exits for tickers that are strong (or weak) against the market. Stocks that are showing relative strength (or weakness)...
This market-first trading strategy gives BUY, SHORT, and CLOSE signals based on volume, trend, and relative strength or weakness to the market (SPY by default, can be customized). This indicator is useful for signaling day-trade entries and exits for tickers that are strong (or weak) against the market. Stocks that are showing relative strength (or weakness)...
Standard Donchian Channels, this includes a Trend EMA which can be configured and the channels will use to give buy and sell signals. The channels are also colored in such a way to indicate a trend reversal. My favorite part that sets this apart from others is, if using the bClose option (which I recommend you do) the trend will not reverse until there is a close...
Over a decade ago, the Genesis Matrix system was one of best strategies for new traders looking to learn how to really trade trends. Fast forward to 2022, a new version of Genesis Matrix has emerged using TVI, CCI, HL Channel & T3 What is T3? The T3 moving average is an indicator of an indicator since it includes several EMAs of another EMA. Unlike any other...
This indicator helps show whether Bulls or Bears have more power at a given time. On the chart, you can see how one might use this indicator for entry, exit, and confirmation. The math used to calculate the indicator line is as follows: bullPower = high - MA bearPower = low - MA indicatorLine = bullPower + bearPower If the indicator is above the...
This script is built on a request of one of the best trader yoyo. The script compares the performance of a tickers against SPX. The script gives user option to override default SPX ticker to a ticker of their choice using settings. The script does a % change comparison against base stock which is SPX by default for same timeframes and you can see relativity of...
Range Bound Channel Index (RBCI) w/ Expanded Source Types is a reversal and trend indicator. This version includes Bollinger bands to show trend exhaustion What is Range Bound Channel Index (RBCI)? Range Bound Channel Index (RBCI) is calculated by using a channel (bandwidth) filter (CF). Channel filter simultaneously fulfills two functions: removes low...
Buying the dip has never been easier! LNL Pullback Arrows are here to pinpoint the best possible entries for the trend following setups. With the Pullback Arrows, trader can pick his own approach and risk level thanks to four different types of arrows. The goal of these arrows is to force the traders to scale in & out of trades which is in my opinion crucial when...
This script combines the 100 and 200 EMA and exhibits colour changes ("colour flip") at price action crosses. The intention here is to create an "at a glance trend indicator" to allow quick and accurate stock, forex and crypto screening prior to selecting targets for entry. For example I find it prudent to select long when the PA is above both the White (100EMA)...
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. If the stock is rising and making new highs, ideally the RSI is reaching new...
Colorful Regression is a trend indicator. The most important difference of it from other moving averages and regressions is that it can change color according to the momentum it has. so that users can have an idea about the direction, orientation and speed of the graph at the same time. This indicator contains 5 different colors. Black means extreme downtrend, red...