MA matrix for identification of bullish/bearish macro phases and strategy implementation through the definition of effective MA lengths. Moving Averages, when conventionally employed in either single-line or dual-line configurations, come with inherent limitations that hinder their effectiveness in capturing the complexities of varying market conditions. In...
The "Breaks and Retests with Volatility Stop " indicator is a powerful tool designed to assist traders in identifying key support and resistance levels, breakouts, retests, and potential trend reversals. This indicator combines two essential components: support and resistance detection, and a Volatility Stop indicator for improved risk management. Below are the...
The "RMI Trend Sniper" is a powerful trend-following indicator designed to help traders identify potential buy and sell signals in the market. It combines elements of the Relative Strength Index (RSI) and the Money Flow Index (MFI) to provide a comprehensive view of market momentum and strength. 🔷 Key Features: 🔹 Customizable Settings : Tailor the indicator to...
The Range Detector indicator aims to detect and highlight intervals where prices are ranging. The extremities of the ranges are highlighted in real-time, with breakouts being indicated by the color changes of the extremities. 🔶 USAGE Ranging prices are defined by a period of stationarity, that is where prices move within a specific range. Detecting...
This script takes the previous days closing value and calculates the current 100%, 200%, 300% and 400% levels for that stock. Using that information it draws a dotted persistent line (with labels on the far right) at those levels. This information can be useful as it can then, at times, act as a support/resistance for momentum stocks. So when a stock runs 100%...
This indicator is part of the Indicator Educational Series, intended to help newer traders understand and interact with various indicators. The goal is to allow users to gain a stronger understanding of an indicator's underlying philosophy, and visually see how changes to an indicator's parameters affects the trades suggested by that indicator. The scripts in this...
The " Smart Money Breakouts " indicator is designed to identify breakouts based on changes in character (CHOCH) or breaks of structure (BOS) patterns, facilitating automated trading with user-defined Take Profit (TP) level. the indicator incorporates essential elements such as volume analysis and a data table to assist traders in optimizing their...
Kalman Filter The Kalman Filter is an algorithm used for recursive estimation and filtering of time-series data. It was developed by Rudolf E. Kálmán in the 1960s and has found widespread applications in various fields, including control systems, navigation, signal processing, and finance. The primary purpose of the Kalman filter is to estimate the state of a...
Only trade with the trend. This Keltner Channel-based strategy that will only enter into a trade if the signal of the Keltner Channel agrees with a moving average crossover as defined by the user. Long Position Entries 2 Conditions must be present 1. There must be a Golden Cross (lower period moving average is above higher period moving average). ex 50...
This is an indicator that helps price action traders in determining when the market is in tight trading range. Barbwire rules The conditions for tight trading range are very simple. There has to be at least one doji (body is less than half size of the bars range from high to low) bar in the last three bars and there has to be lots of overlap between those...
This indicator provided here is for identifying swing-based support and resistance levels. It uses two swing lengths, which can be adjusted by the user, to identify swings in the price data. For each swing length, the script calculates the support level as the low of the swing if the trend is up, or the high of the swing if the trend is down. It then plots the...
Price change indicator in the form of diagonal rows. The calculation is based on the percentage or tick deviation of the price movement (indicated in the "Deviation" parameter), which is displayed on the chart in the form of rows. The row consists of the base middle line, upper and lower limits: The middle line is the basis for the upper and lower limits of...
Liquidity Candles, observed in financial markets, display distinctive candlestick patterns that are noteworthy. These candles exhibit intentional price behavior aimed at triggering stop-loss orders and momentarily misleading traders. The pattern typically starts with a price movement against the current trend, activating stop-loss orders and capitalizing on...
Overview: Triangles have always been known to be the strongest shape. Well, why wouldn’t that likewise apply to trading? This Indicator will create Upwards and Downwards Triangles which in turn create Support and Resistance locations. For example, we find 2 highs that meet the criteria (within deviation %, Minimum Distance and Lookback Distance). We calculate...
Overview: Support and Resistance is normally based upon Pivot Points and Highest Highs and Lowest Lows. Many times coders even incorporate Volume, RSI and other factors into the equation. However there may be a downside to doing a pure technical approach based on historical levels. We live in a time where Machine Learning is becoming more and more used; thus we...
Clear trend identification is an important aspect of finding the right side to trade, another is getting the best buying/selling price on a pullback, retracement or reversal. Triple Ehlers Market State can do both. Three is always better Ehlers’ original formulation produces bullish, bearish and trendless signals. The indicator presented here gate stages three...
Introduction Price usually moves in lockstep with the volume trends i.e. price goes higher when there is buying and it goes down when there is selling in the market. But sometimes, the market behaves unusually i.e. Price and volume move in opposite directions. This indicator identifies precisely this divergent behavior in the market! This script analyses the...
LuxAlgo's Trend Moving Adaptive Moving Average was used as a reference to create bands by reading the highest and lowest prices of past bars based on Fibonacci numbers and then multiplying them by the Fibonacci ratio. LuxAlgo/ LuxAlgo/ In particular, the so-called TRAMA is characterized by its adaptation to the average of the highest and lowest prices over a...