This is a price action indicator that focuses on price movements. Please add it to the main chart and use it. Hide the main chart itself or switch to the line chart. This indicator draws using the average of the high and low prices of the four bars and one of the four values you specify (default is the closing price). It is easy to understand how the momentum...
Outline of Indicator: Purpose of this indicator? Main purpose of building this indicator is to help traders who refer Current Month Futures to look for the volumes while they trade on the Index chart, with some added analysis on the volumes. What it CAN DO? Traders rely on volume as a key metric because it lets them know the liquidity level of an asset, and how...
Identifies entry for buy/sell position as per previous day high and low. Marks a target and stop loss as per the ATR14. Confirmation of Buy/Sell signal is when we have a 5 min candle with 60:40 body:wick ratio Use it on a 5 minute time frame to identify a price action based breakout It also marks when 50 ema crosses 200 ema, and vice-versa
Key Levels Backtest, same logic as the key levels script, provide levels based: High, Low, Mid and Close. This was requested, took a long time to post as I fell sick and was given a lot of Dev Work. Hope this helps those who use it, very useful to see liquidity grabs in my opinion. Input time in minutes! Result of a user request.
You can set it according to your own needs The required display can be opened ☑ Do not need to display can be closed ❌ I chose to turn them on by default: inside bars ☑ pin bars ☑ price action bar names ☑ price action bars ☑ Colors can be customized I wish you a smooth transaction!
This script came as a discussion in our community forum. It paints 1. Pin Bars (Bottom or Top) 2. inside/outside Bar 3. Bullish Bottom bar It also has the ability to add alerts on your favorite stocks
Introduction Price Stats is an indicator based on the statistics shown in MarketSmith charting software when viewing the Track Price information, also known as the "yellow box." The following stats are available for the most recent price bar: ■ High price ■ Low price ■ Last price ■ Percent change in price from prior bar ■ Closing range within the bar ■ Current...
This is a Momentum Breakout Strategy on “DAILY Timeframe” This Breakout Strategy is specially created for Momentum Traders and for Bursa Market. The learning applied here are derived from past market behavioural approach. It takes into account of recent strength of price action and volume. However, it can be applied for other Exchanges as well; as long as the...
Introduction to the Indicator " PIVOT EDGE - The complete trading setup - LITE " The Foundation layout for this indicator is based on PIVOT's which are nothing but the most important levels that the price has respected in the past.The values for the pivots are derived from the key attributes of the price in any timeframe such as the OPEN, HIGH, LOW and CLOSE....
Ever Wondered How can you confidently Identify Reversals / and Trend Direction with Volume ? So this Script will help you out with that! What I am talking About? 1. Volume Standard Deviations Spikes being Projected Over the Price 2. Dynamic VWAP being Calculated from the Points of extremities in Volume Action {estimated using Standard Deviation Sigma...
The Demand and Supply Zone indicator helps to identify the valid demand and supply zones by removing the played out zones. This indicator looks for all patterns , Rally-Base-Rally and Drop-Base-Rally mark the zone as "DZ". Same way with pattern Drop-Base-Drop and Rally-Base-Drop it will mark "SZ". The indicator is fully customizable as per your trading style....
Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Kangaroo Tail is a multi-bar pattern. The Kangaroo Tail is both simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is based on price action. The indicator does what it was designed for: displaying...
Booming Bull 15 Min strategy Conditions First 15 min candle high-low must be less than .75% Next candle is crossing either high or low
This is a simple algorithm to generate Buy, Sell, Short, and Cover Signals. It uses the following: RSI , MACD , Stochastic , Bollinger Bands , Ketler Channels, ATR Trailing Stop, Trend, and Volume . Usage is simple: Green Background is Long and Red Background is Short positions. LE = Long Entry LX = Long Exit SE = Short Entry SX = Short Exit This is not a...
After reading an article on how to trade volume I felt that I needed some kind of indicator using price action and volume together. More precisely I tried to build two indicators. Bear in mind this indactor is very simple because it only evaluates each bar with its previous bar and an average. Nr.1 Weak/fake push: Price suddenly goes up/down a lot more but...
This is an interesting take on candlesticks. These special High-Low Candles do not show the Open and Close levels, so there are no wicks. However, you still see the the High and Low of the entire candle, giving you the full range. Since this is an indicator, be sure to hide the chart candles to avoid overlap. Or choose offsetting colors to see the traditional...
Divergences are powerful tools that assess the price momentum and the likelihood of a price reversal. A positive divergence occurs when the price of an asset makes a new low while an oscillator, starts to climb. Conversely, a negative divergence is when the price makes a new high but the oscillator analyzed makes a lower high. Once again, with the idea of...
Note: This is a script that synthesizes a number of popular price action and candlestick patterns along with a trading strategy based on horizontal support and resistance. Scripts are used for learning and research purposes. Useage: Support and resistance are two important areas in Price Action analysis and trading. After confirming the support and resistance...