This script shows optional:
- distance between close price and Kijun-Sen
- distance btween Tenkan-Sen and Kijun-Sen
- Background color of current time frame
- Background color of the next higher time frame
This is a standard RSI indicator with Background colour and the option to draw the Background colour of the next higher timeframe.
Unfortunately, the 3D timeframe is not working properly (weekly background is not displayed). This is the same problem as with the MACD BG study.
RSI with overbought and oversold area in color and editable level. visually more interesting than the basic version the overbought and oversold areas catch the eye quickly. Depending on the strategies and your personal use of the RSI, you can modify all the lines and add colors to each defined zone.
overbought zone, oversold and editable noise zone
A simple script to add background colors to specific timeframes. Great for trading futures so you can separate sessions for easier viewing. Use for stocks to separate pre, open, and post market times.
There are three timeframes that can be set and all colors can be modified.
This script will color the background based upon whether it is positive or negative for the day. When looking at numerous charts, you can instantly see if they are up or down for the day. For me, I like to be going long on the stocks that are already moving up and short on the ones that are moving down. When using lower time frames, you can lose perspective of...
This is a very simple script... it does not necessarily create signals. It only provides useful feedback via statistics & probability.
There will be a green background if there are two green bars in a row, and it will stay green until two red bars show up (in which it switches color to red until two green bars show up again).
The fuchsia arrows show the double...
Visualize on your chart when price in an oversold or overbought zone. A combination of Rsi and Stochasticrsi is used for higher probability. Wait for an zone to be displayed and then wait for price to exit a zone. Once this happens check candlestick patterns and support/resistance "lines" to find appropiate stoplosses for you entry or exit