Horizontal line for previous daily, weekly or monthly high.
By default :
Green Label - previous 1 day high
Yellow Label - previous 1 week high
Red Label - previous 1 month high
Each number and color can be change in setting.
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.
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"
Plot a linear regression channel through the last length closing prices, with the possibility to use another source as input. The line is fit by using linear combinations between the WMA and SMA thus providing both an interesting and efficient method. The results are the same as the one provided by the built-in linear regression, only the computation differ.
EMA with Fibonacci Numbers, I have developed this system for finding trend , support and resistance in lower time frame and higher time frame.
If Candles closes below at least 4 Fibonacci line then trend is down if Candles closes are above minimum 4 Fibonacci line the trend is up.
Fibonacci line act as support for Uptrend market similarly same lines act as...
Example of various methods to show dashed or solid vertical lines on chart based on using either session or time.
Credit for line method goes to midtownsk8rguy ->
Credit for plot method goes to PineCoders ->...
I changed this RSI oscillator to give everyone ability to change position of strategic lines as RSI has a lot more to offer than only overbought and oversold boundries. You can change overbought and oversold line and make one more space depend what you are looking for. For me and as default it is 40-60 range. I put a center line at 50.
Simple script highlighting a vertical line on the last bar of the Day/ Week/ Month/ Hour/ H4/ minute etc.
Helps maintain visibility of higher timeframes when on lower timeframes.
Quickly identify end of period levels.
This script is a template designed to provide developers with UI color customization for v4 lines and labels.
The color pallete used within this script is a full spectrum "web safe" format with 216 colors to choose from.
Colors are easily modified via the RGB inputs. The designated color selector function takes in the RGB values and returns the corresponding hex...
another day, another method for detecting support and resistance level. This time it's all about the VWAP and daily gaps it might produce.
How does it work?
The indicator detects when a new daily candle begins and the VWAP makes a big move in either direction. Often it produces a gap and this is where the support or resistance level will be...
once again, I want to show you a different method for detecting support and resistance level. Today's approach is similar to the one I posted recently, but the way the level will be detected is different. I call it the multi-timeframe standard deviation level.
How does it work?
The method is similar to the way Bollinger Bands work. First, the...
this script shows monthly, weekly and daily OHLC data represented as horizontal level.
I tried to make it as user-friendly as possible. Therefore, you can add different colors and styles for each level, as well as turn them on and off.
With the "Label Offset" -parameter you are in control where the label text should appear. You can shift it from left...
Lines are the most widely used figures in technical analysis, this is due to the linear trends that some securities posses (daily log SP500 for example), support and resistances are also responsible for the uses of lines, basically linear support and resistances are made with the assumption that the line connecting two local maximas or minimas will...
Nothing fancy in terms of code, take this post as an educational post where i provide information rather than an useful tool.
Time-Series Forecasting And The Drift Method
In time-series analysis one can use many many forecasting methods, some share similarities but they can all by classified in groups and sub-groups, the drift method is a...
An expansion of the Advance Decline Line of the NASDAQ. It can be interesting to compare the Advance Decline Line with the corresponding benchmark index. I therefore made a ranking (0 to 100) based on the performance over the last days (default: 21 days). The difference is the target figure and ranges between -100 (bearish divergence) to +100 (bullish...
An expansion of the Advance Decline Line of the NYSE. It can be interesting to compare the Advance Decline Line with the corresponding benchmark index. I therefore made a ranking (0 to 100) based on the performance over the last days (default: 21 days). The difference is the target figure and ranges between -100 (bearish divergence) to +100 (bullish...
Based on my latest script "Linear Channels"
This is a trailing stop version of the linear channels. Thanks to capissimo for helping me fix several issues with the linear extrapolation part.
In order to know how the indicator work i recommend reading the post on the Linear Channels indicator here