Andrew Abraham It can be used as: - stop loss indicator - indicator of support and resistance - buy and sell signals
Plots yesterday's low and high, and the current day's open, as intraday support/resistance levels.
The Ichimoku Cloud is a hybrid indicator combining numerous technical indicators that show support and resistance levels, as well as indicating momentum and trend direction. Ichimoku does so by taking multiple, pre-set price moving averages and plotting them on the chart in line form. It also uses these inputs to create a "cloud" which intends to forecast where...
This is a trend indicator utilizing a 9-period exponential moving average, known as the Trigger Line. When price is above the Trigger Line both the candles and Trigger Line are colored green, indicating an uptrend for price. Price will tend to find support at the Trigger Line when trending above the Trigger Line. When price is below the Trigger Line both the...
Market Structure The Market Structure is important to be able to establish areas of rejection or possible break, to determine channels, points of possible reversals or trend breaks. So we can use them as support and resistance zones for stoploss and take profit. - This indicator will automatically show the market structure. - Allows you to calculate the...
Hey guys, this indicator detects support and resistance level based on the number of times a level got tested in a certain range. How does it work? In the user input settings, you will be able to choose between two modes "Tested Level" and "Untested Level". "Tested Level" will be detected by the number of times a certain low or high got tested in the...
Automatically plots Fibonacci Retracement levels. Uses the all time high (ATH) for a specified number of days back, and the lowest value since the ATH, to plot the levels.
1. Previous daily Support and resistance levels ( Not showing on chart - Needs to be used on lower tf ) 2. Previous Weekly Support and resistance levels Blue circles = Weekly Support Yellow circles = Weekly resistance This setting is currently set to "0 days" so when you open the script it wont show. On chart previous weekly is set to "10...
1. Two different support and resistance levels. One that focuses on price action and one for wicks. (Wicks needs to be turned on) 3. 20 ema trendfollowing. Bars change color. when price is over/under ema. 4. Bar color levels also work with rsi levels. Currently set to 0-100. If you only want bars to change color when the rsi is overbough/oversold. simply just...
Version 0.1 Using Pivots / Swing Point detection, this script plots the final swing candle's body span from top to bottom with an extended horizontal line, with a mid-channel point at 50% between open and close. Once the trend changes, these zones serve as support and resistance zones, and can help identify breakouts from ranges and probable reversal points...
This will let trader see Daily and Weekly Pivot points with R/S5. Daily Pivot point line --> Orange Color Daily R1-5 ---> Black circles Daily S1-5 ---> Black circles Weekly Pivot lines ---> Purple Color Weekly R1-5 ---> Red Circles Weekly S1-5 ---> Red Circles
The Ace Pro GODSPEED Time Based Support Resistance Calculator has two functions. Please note that this indicator is COMPLETELY CUSTOMIZABLE - TRADERS CAN INPUT THEIR OWN VALUES TO CALCULATE S/R. Function 1: It marks intervals of time on the daily time-frame with vertical lines as specified by the user Function 2: It can mark support and resistances with...
Hello guys, 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...
Volume Analysis Tool Volume Analysis Tool is a technique to simulate tick volume data to get Buying volume and Selling Volume in each bar to any asset . *** Features * Delta Volume Mode . * Detailed Volume mode - Buying and selling for each candle . * Better understanding to the Accumulation and Distribution using volume analysis easily . ***...
Dear Followers, I'm very happy to publish this new tool, which will help you easily find basic trend momentum (red if a bearish momentum is found, green viceversa) Support Levels (where you can place your buy orders or short targets) Resistance Levels (where you can place your sell orders or long targets) Trendlines , known as diagonal supports and...
Hello guys, 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 will figure out if we're currently in an uptrend or downtrend and will plot price targets automatically. -Blue price lines are likely soft stops (not always). -Green price lines indicates we're currently in an uptrend for that timeframe and provides some hard stop resistances. -Red price lines indicates we're currently in a downtrend for that...
Version 1.0 A simple script to place horizontal lines where fib levels are, over a given period of candles, on a specified or charted time-frame. Includes the option to fib-retrace a "sub-zone" or the space between Fibonacci levels. In The Depicted Example Above: - Large white Fibonacci Lines from 377 Daily Candle Range, Gray "Sub-Fib" levels are plotted in...