I took the normal CCI version and I made it better and more pleasantly visual. At the same time now the CCI changes color based on the direction is going to take We also have more levels, to define even better the current situation. Details are simple : green color cci = uptrend - > buy red color cci = downtrend - > sell
RSI is a momentum indicator, however most people seem to be using it to go against the momentum by trying to identify tops/bottoms using it. Its in my opinion the wrong way to be using it. It can be easily used for trend following which seems like a better use for it. Uptrend - RSI > 60 Downtrend - RSI < 40 Sideways - RSI between 40 and 60 If however not...
Basic EMA scalping strategy . HFX Short time frames, using candlestick patterns to find Exponential Moving Highs and Low to Indicate Active Trends
It's a simply volume indicator. You should watch for breaks on both volume uptrend and volume downtrend. It uses fibonacci numbers to build smoothed moving average of volume. Also you can check divergences for trend reversal and momentum loss.
The indicator is taken from Alexander Elders "Triple Screen System," minus using the Weekly MACD as a filter/trend. I believe waiting for the force index and the weekly MACD histogram to line-up is uber conservative and a trader will miss too many signals (In my opinion). The indicator is for a pullback trader. A trader that waits for a trend to develop then...
// The script is useful to inspect probability: // If previous day closed at lowest price for several days // how often next day would be red bar // As one can see gray lines indicate bars with lowest close. If next bar is green, increment diff_hi, overwise increment diff_lo // Probability is counted as diff_lo / (diff_hi+diff_lo) // One can copy script and...
This is a very simple trading system which is measuring the core of uptrends and downtrends using three basic elements: Close price, HL2 price, Pivot price. Depending if the uptrend or downtrend is strong, the buy/sell signals are shown in different colors. The stronger trends are in brighter colors (lime and fuchsia). If the trend just fully changed direction...
See the current trend strength of the market. An additional filter makes trend consolidation areas visible. The color changes there each bar back and forth between green and red. This area was interesting. Would have been a better example: If the filter is deactivated the indicator shows the last measured price trend (green for up and down for red).
Is It Uptrend or DownTrend? Are you lost? Follow the trend with CapnBands :)