This is scalper strategy designed around parabolic sar indicator, where as an input candle value it uses the heikinashi from a higher timeframe. This example has been adapted to SPY/SPX chart In this case ,we are using a 5 min chart, but the calculations are made on a 15 min heikin ashi chart for the PSAR and then on 5 min chart we plot the results. At the same...
Hi All, This is a Dual/Multi TF CCI script to be used for Intraday as well as positional system. Intraday: Chart TF : 5 mins Underlying Trend CCI : CCI 34 of 30 mins TF Immediate Trend CCI : CCI 34 of 5 mins TF Execution CCI : CCI 8 of 5 mins TF The CCIs are used for entry, exit during momentum breakouts or pullbacks. General Long Setup: Buy at CCI-8 5m below...
This is a scalper analysis movement designed around MACD and 200 EMA The rules are simple: For long we check if the close of the candle is above the ema200 and we have a crossover between macd and signal Once this happens we analyse the next candle, if its close higher than open , we can consider it a win and if its close lower than open we consider a lose. For...
An experiment using Pinescript's candle plotting feature. This indicator performs a linear regression on the lows, highs, and moving average, and plots them all in the form of a candlestick. If the close is below the prediction, the candlestick is red, if the close is above the regression, the candlestick is green. Effective and aesthetic way to analyze trends.
This script, redraws the Minute, Hourly, Daily, Weekly, Monthly candles for gap up and gap down situation. Also this candle marks the LEG candles and BASE Candles with different colors to mark the supply and demand zone. This script is only for Indian NSE markets (09:15 to 15:30) for GAP up/GAP down redraw. This script is most beneficial for TradeLegend...
HSRL provides an indicator of how support and resistance are changing over time. It calculates the percent change in lows, and percent change in highs, then plots them. The HSRL is calculated as the support change - the resistance change. Can be effective in confirming trends, with green being the most bullish, yellow being semi bullish and red being a bearish...
This model is an index fund trading model, which uses moving averages and price percentage oscillators to minimize downside exposure.
Similarly to Bollinger bands, the RMSER gives a support and resistance areas for the trading price. Unlike bollinger bands, which use standard deviation, this support and resistance is calculated with 2 * the root mean squared error away from the moving average. This works very well with indices, like $SPX, and prices only fall outside the range during black swan...
The NDO is a volume-based indicator that indicates how many standard deviations the volume is away from the mean volume. In other words, this script is useful for detecting when the volume is abnormally large, spotting pumps and dumps, and movement of whales. Green indicates that the volume is more than 3 standard devs away from the mean, yellow means its more...
Congestion zone include at least 3 candle sticks that the next candle has an opening and closing price within the previous candle When the price returns to the congested zone there is a possibility of a reversal The congestion zone is used as a support-resistance area and is used by price action traders. This script will highlight congestion zones, this will help...
This script is based off of Chris Moody's Vix Fix Indicator modified by OskarGallard and BigBitsIO's Stochastic Weights. This script is a compilation of several different stochastic indicators (and RSI ) where the K value of each indicator is equally weighted. The purpose of the indicator is to combine many indicators together in a fashion that weights them...
█ OVERVIEW This indicator was intended as educational purpose only based on Harmonic Pattern Table (Source Code) to show indication of ratio for each Harmonic points from Point B until Stop Loss. █ CREDITS Credit to Scott M Carney, Harmonic Trading Volume 3: Reaction vs. Reversal. █ USAGE EXAMPLE
This script will display two Kumo Clouds. The overlap between the clouds can be areas of high support or resistance. I've included a drop-down selector for a variety of common lookback periods. Experiments show that the 10-30-60-30 settings can be more applicable to the FOREX and Crypto markets.
█ OVERVIEW This is a simple script that will plot labels over or under candles to show where there had been consecutive candles that closed in a similar fashion. This script was inspired by a Tweet about Bitcoin experiencing its first 7th-consecutive weekly black candle and I sought out to test that. █ INPUTS There are three inputs for this script....
This script demonstrate what I don't understand - according to documentation with order managements The from_entry parameter should execute the exit on this specified trade. The chart shows the right information, but the list of trades, in the Strategy tester panel doesn't make sense: This is an extract of the CSV file I got from this script: The enter1 ...
ENG: Inflation Price Forecast indicator With this indicator, when you add monthly and annual positive inflation rates, the price of the parity is estimated according to inflation. You can enter inflation rates as either positive or negative. You can write positive inflation rates as they are, but when writing negative inflation rates, the rate must be preceded by...
This is an INDEX page where educational links/scripts are sorted in the script itself (see below) For example: - where is the link of the 'var' article/idea? -> search in the script comments below for Keywords -> var -> look for the date -> now you will find the link at the date of update
My idea is to make the MACD histogram oscillating in a range from 0-100 just like the RSI . I did it successfully, but compared to normal MACD histogram it is too low and hard to see because most values just fluctuate slightly above or below 50. So I'm happy and grateful to anyone who can offer guidance. Image: