This calculator is a tool designed for traders who trade on the financial markets with instruments like gold (XAUUSD) and silver (XAGUSD). It helps you determine the appropriate lot size to trade based on your account balance, desired risk percentage, and stop-loss size in pips. Here's how it works: Account Balance: You input your account balance in US dollars...
This indicator is designed to identify potential breaks and reversals in price movements for a financial instrument. The indicator displays several elements to assist users in spotting specific market conditions: 1. High and Low Pivots : The indicator marks the highest and lowest points on the price chart within a customizable lookback period. These pivots...
It's a little-known fact that gold prices move preceded oil prices by 20 months. If you don't believe me here is a short video from Tom McClellan discussing this www.cnbc.com This gives us one of the best and highly accurate indicators of what oil will do in the months to come. HOW TO USE. When adding the script to your charts it's important to make a...
The HyperTrend indicator aims to provide a real-time estimate of an underlying linear trend in the price. Support and resistance extremities are constructed from this estimate which can provide trade opportunities within the overall trend. Most tools that return lines on a chart are either subject to backpainting or repainting. We aimed to provide a reliable...
- Renko Trend Reversal Strategy Short Title: - Renko TRS Description: The Renko Trend Reversal Strategy ( - Renko TRS) is a powerful and original trading approach designed to identify trend reversals in financial markets using Renko charts. Renko charts differ from traditional time-based charts, as they focus solely on price movements and ignore time,...
Hey everyone, Excited to release this indicator I have been working on. I conceptualized it as an idea a while ago and had to nail down the execution part of it. I think I got it to where I am happy with it, so let me tell you about it! What it does? This provides the user with the ability to quantify support and resistance levels. There are plenty of back-test...
This is a combination of two popular systematic trading strategies - in the trend following category. The strategy is designed for use on the daily timeframe. Specific features of this system are outlined below: 1. Two different strategies to choose from, "Trend" which is a volatility adjusted Exponential Moving Average (EMA) crossover strategy and "Breakout"...
The Idea: I had the idea for this script when I read an article about how assets tend to revert to their long-term average or mean. The concept behind "R2" is based on the assumption that extreme deviations from the average tend to be corrected. For example, if an asset is trading well above its historical average, there is a possibility that the price will return...
This indicator is designed to normalize the S&P 500 by sector. You can choose to normalize using the Z-score, DEMA, or MinMax. When using the Z-score or DEMA, a level line is displayed.
This script is a customized Relative Strength Index (RSI) indicator with added functionality, notably the optional Bollinger Bands overlay. At its core, the script calculates the RSI, which is a popular momentum indicator used in technical analysis to identify overbought and oversold conditions. It does this by taking the average gain and the average loss over a...
RedK Relative Strength Ribbon (RedK RS_Ribbon) is TA tool that plots the Relative Strength of the current chart symbol against another symbol, or an index of choice. It enables us to see when a stock is gaining strength (or weakness) relative to (an index that represents) the market, and when it hits new highs or lows of that relative strength, which may lead to...
Hello, Publishing this simple indicator. What is it? The Trend Correlation Oscillator takes the concept of my autocorrelation oscillator but applies it simply to time instead of autocorrelation. It performs a correlation assessment to time. The theory behind it is the stronger the correlation, the more "exhausted" the trend and the more likely the trend will...
The "Gradient Money Flow Divergence Detector" indicator has several use cases for traders. Let's explore the main use cases: 1. Money Flow Analysis : The primary purpose of this indicator is to analyze money flow in a particular asset. The Money Flow Index (MFI) is a momentum indicator that uses price and volume data to assess the buying and selling pressure in...
The Extrapolated Previous Trend indicator extrapolates the estimated linear trend of the prices within a previous interval to the current interval. Intervals can be user-defined. 🔶 USAGE Returned lines can be used to provide a forecast of trends, assuming trends are persistent in sign and slope. Using them as support/resistance can also be an...
Lines Plotted at the opening price of London, New York, New York Stock Exchange, and Asia. It could also plot lines of the closing price of the session. The script is just plotting a line at those levels to give us a visual indicator of those specific levels as they could be very beneficial for your trading. Opening and closing of the session hold the most...
Okay, so we've got an indicator here that prints buy sell signals based on engulfing candles and uses a 200 EMA and RSI to filter out some of the noise. This indicator incorporates price action, in the form of engulfing candles, moving averages and a momentum oscillator. It also has the of plotting either a Simple Moving Average or an Exponential Moving...
Title: RSI-Volume Oscillator Quick Scalping Indicator Description: The "RSI-Volume Oscillator Quick Scalping" is a powerful and versatile custom indicator designed for traders who engage in scalping strategies. This indicator combines the Relative Strength Index (RSI) with a Volume Oscillator to provide valuable insights into momentum and volume dynamics in the...
The Smoothed Vortex Indicator (SVI) is an enhanced version of the original Vortex Indicator (VI), designed to provide traders with a more refined and smoother representation of trend strength and potential reversals in financial markets. While both indicators share the same concept of measuring directional movement and true range, the SVI incorporates the Hull...