This tool is used to draw wedges. Traders can choose which pivot points to draw lines from in settings. Wedge Maker does not automatically detect current wedge and is required to be tweaked in settings.
Aᴜᴛᴏ PɪᴛᴄʜFᴀɴ, Fɪʙ Exᴛᴇɴꜱɪᴏɴ/Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛ ᴀɴᴅ ZɪɢZᴀɢ This study aim to automate PitchFan drawing tool and combines it with Fibonacci Extentions/Retracements and ZigZag. Common setting options, applied to all components of the study Deviation , is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to...
Combination of RSI and EMAs, useful in predicting momentum switches and defining overbought/oversold conditions on all time frames.
Pitchfork is a technical indicator for a quick and easy way for traders to identify possible levels of support and resistance of an asset's price. It is presents and based on the idea that the market is geometric and cyclical in nature Developed by Alan Andrews, so sometimes called Andrews’ Pitchfork It is created by placing three points at the end of...
This is a Cup and Handle Indicator. Features include: Can set alert at any point after handle starts rising before breakout Can detect multiple tops before confirming cup and handle pattern, not just double. Many settings to adjust to meet your exact requirements The functionality of this indicator is very similar to my double top indicator , and...
Turtle Rules: To trade exactly like the turtles did, you need to set up two indicators representing the main and the failsafe system. Set up the main indicator with TradePeriod = 20 and StopPeriod = 10 (A.k.a S1) Set up the failsafe indicator with TradePeriod = 55 and StopPeriod = 20 (A.k.a S2) The entry strategy using S1 is as follows Buy 20-day breakouts...
This is a double bottom indicator with an alert that has many settings to customize your double bottom . From Wikipedia "A double bottom is the end formation in a declining market. The pattern is formed by two price minima separated by local peak defining the neck line. The formation is completed and confirmed when the price rises above the neck line, indicating...
Release Note: This indicator setup highly inspired by Donchian Channel and Hull Moving Average. Big thanks to both Richard Donchian and Alan Hull. Back test and live test it and come to conclusion of how to use this indicator for live trading. 200 HMA: 200 Hull Moving Average plays major role in deciding the right trades using Donchian Channel. As part of...
100/200 EMAs, along with Keltner Bands based off them. Colors correspond to actions you should be ready to take in the area. Use to set macro mindset. Uses the security function to display only the 1D values. Red= Bad Orange = Not as Bad, but still Bad. Yellow = Warning, might also be Bad. Purple = Dip a toe in. Blue = Give it a shot but have a little...
This is a slightly modified Keltner Channel with 100/200 EMAs. Based on mean reversion theory that price will be more and more difficult to maintain it's direction the farther it gets from the EMAs. It uses the security feature to only show the 1D channel.
Automatic Double Top and Double Bottom pattern scanner for any time frame, any asset. Simple to use, just add to your chart, and set the size (in the settings) for the patterns you want to find. • Green patterns are bullish • Red patterns are bearish • Alerts are available for when new patterns are displayed • When a pattern completes (at the neckline), it...
Return a linear regression channel with a window size within the range (min, max) such that the R-squared is maximized, this allows a better estimate of an underlying linear trend, a better detection of significant historical supports and resistance points, and avoid finding a good window size manually. Settings Min : Minimum window size value Max :...
Fit a line at successive intervals, where the interval period is determined by a user-selected time frame, this allows the user to have an estimate of the intrinsic trend within various intervals. Settings Timeframe : Determine the period of the interval, if the timeframe is weekly then a new line will be fit at the start each weeks, by default "Daily" ...
**DESIGNED FOR ES/MES** This script provides an easy visualization of potential reversion zones to take trades back to the intraday midline. A common use would be to enter a position once price reached the outer yellow zones and retreats to either the red zone (for a short toward the midline) or a green zone (for a long back to the midline).
**DESIGNED FOR NQ/MNQ** This script provides an easy visualization of potential reversion zones to take trades back to the intraday midline. A common use would be to enter a position once price reached the outer yellow zones and retreats to either the red zone (for a short toward the midline) or a green zone (for a long back to the midline).
This is a free double top indicator with an alert that has many settings to customize your double top. From Wikipedia "The double top is a frequent price formation at the end of a bull market. It appears as two consecutive peaks of approximately the same price on a price-versus-time chart of a market. The two peaks are separated by a minimum in price, a valley....
Private Indicator Version Alpha The indicator is subject to changes. This indicator's goal is to help automatically find double top and double bottom patterns. Its core algorithm uses purely price action and does not use any kind of overbought/oversold oscilator. To be validated, a double top/bottom must be preceded by a simple top/bottom. ...
This is written as a system to replace the BB strategy. I think it will work well. It looks pretty stylish. Description / Usage: Adjust the length and multiplier based on your location with Bollinger Bands. The multiplier of 1 provides you with a basic channel with high and low-source EMA (or SMA). And with the 8-day exponential moving average, you can observe...