This indicator lets you freely customize your price line. Choose between static or dynamic colors for falling/rising prices. In addition you can adjust the following: Line style Thickness Length Direction It is also possible to mix different designs by using a single indicator.
Plot several EMA with only one script. Default EMA: 20、50、100、200. All of these are adjustable. Also, Vegas tunnel and filter line can be presented or not according to your needs.
Fixed a typo in the code where BB multiplier was stuck at 1.5. Thanks @ucsgears for bringing it to my notice. Updated source: pastebin.com Use the updated source instead of the what TV shows below. This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11). Black crosses on the...
This MacD Indicator has every feature available. See First Post for Details.
VFI,introduced by Markos Katsanos, is based on the popular On Balance Volume (OBV) but with three very important modifications: * Unlike the OBV, indicator values are no longer meaningless. Positive readings are bullish and negative bearish. * The calculation is based on the day's median (typical price) instead of the closing price. * A volatility threshold...
Volume Accumulation Percentage Indicator (VAPI) is a variation of the classic volume-accumulation indicators. It uses volume the same way as OBV except that it assigns volume weights based on intraday volatility. In a positive trend, if the stock price is close to a (local) new high, the VAPI should be at its maximum as well (and vice versa for a negative...
This is a 3 EMA visualization tool. Relative momentum across 3 timeframes are rendered as A/B/C waves. Also, helpful in identifying spike/exhaustion bars. When all the waves are in the same direction, the momentum is very high on that direction. I have made all options configurable, have fun tuning for your instrument :) Complete list of all my indicators:...
This indicator takes market volume and organizes it into wave charts, clearly highlighting inflection points and regions of supply/demand. Try tuning this for your instrument (Forex not supported) by adjusting the "Trend Detection Length". This "clubs together" minor waves. If you like an oscillator-kind-of display, enable "ShowDistributionBelowZero" option....
This is ATR in pips. This was requested by user @ElixiumCapital. ATRPIPs in his words: "ATR PIPs is useful for finding markets with your desired amount of volatility, for example I prefer to trade forex pairs with the highest amount of volatility in the past 5 days, setting the length parameter to 5 days. And setting my stop loss at 25% to 33% of the the...
Edgar Kraut proposed this simple colored volume bars strategy for swing trading. This is how the colors are determined: - If today’s closing price and volume are greater than 'n' days ago, color today’s volume bar green. - If today’s closing price is greater than 'n' days ago but volume is not, color today’s volume bar blue. - Similarly, if today’s closing...
RSI bands provide an intuitive way of visualizing how the price movement causes RSI to move with in its range (0-100). Upper/Lower bands signify overbought and oversold levels respectively (Default: 70/30, you can customize them via options page). These bands closely match what Constance Brown explains in her book "Technical Analysis for the Trading Professional"....
The Two Versions of this Indicator I learned from Two Famous and Highly Successful Traders. This Indicator shows With No Lag Clear Up and Down Trends in Market by Documenting Clearly If Bulls or Bears are in Control. The Version In SubChart 1 Shows Consecutive Closes if the Current Close is Greater than of Less than the Midpoint of the Previous Bar (Why Midpoint...
This is the volume version of "DecisionPoint Breadth Swenlin Trading Oscillator" DecisionPoint Swenlin Trading Oscillator can be used to identify short-term tops and bottoms. You can read about the interpretation of the signals (& gotchas) in the link below. I have added support for NYSE / NASD / AMEX and also a combined mode. You can specify custom...
Smoothing methods have lag, and since MACD makes use of moving averages, it usually lags behind price. You cannot eliminate lag completely, but one way of working around this is by adding a component of the price/MA difference back to MA. This technique is called Zero-lag (well, almost). "MACD Leader" makes use of this to form a leading signal to MACD. First...
This is a famous trend indicator in MT4 platform. Is this better than other MA based trend systems? I will let you decide that :) Supported modes: - Trend mode: This is the default. Draws a trend line (like MA) and colors them based on the trend. - Ribbon Mode: Shown at the bottom pane. No trend lines are drawn. - OverlayMode: Bars are colored based on the...
This is a modified form of PSO (original idea by Lee Leibfarth), to use RSI as the input. This provides a quick response to changes in market direction. This highly sensitive indicator allows for early anticipation of price turns and can be used to establish definitive trading zones that identify potential trading opportunities. Entry/Exit rules are the same...
Time and Money Chart Channel ------------------------------------------------------ TAM channels, introduced by Stuart Belknap, is part of his TAM charts setup. These bands use SMA as the basis. 3 lines above and below paralleling the centerline (basis) represent one, two and three sigmas of the actual data points from the mean centerline. More...
Developed by Buff Dormeier, VPCI won 2007 Charles H Dow award by the MTA. VPCI plots the relationship between price trend and the volume, as either being in a state of confirmation or contradiction. Excerpt from article below: "Fundamentally, the VPCI reveals the proportional imbalances between price trends and volume-adjusted price trends. An uptrend...