This indicator shows 2 EMA (Long and Short) Cross and gives a possible entry point for a trade. When Short EMA (red line) line crosses Long EMA (green) from bottom to top - this is a possible Long trade entry point. When Long EMA (green line) line crosses Short EMA (red) from bottom to top - this is a possible Short trade entry point. In both cases (basically, all...
Standard deviation levels to determine if the price is over-extended in the positive/negative direction about the user defined MA line. Historical confluence with the different levels can be used to estimate and predict the probability of a significant price retracement within given time-scale; and to help anticipate if the price is nearing local or all-time highs/lows.
Dear Followers, today another interesting script: Volatility Indicator . This indicator measures the volatility of the market you see in the timeframe you see, in a scale between 0 and 1. It works on cryptocurrencies, commodities, stocks, indexes and forex. You will see 2 volatility waves: a black one (with green and blue shadow for increasing and...
This indicator compliments the Musashi TrendBars and allows convenient multi time frame analysis. This HeatMap, shows 5 different time zones, each with color codes to indicate the trend expression of a corresponding timeframe. - Dark Green = Good Uptrend (ok to enter short) - Light Green = Uptrend but it can be exhausted (put in protective stops) - Cyan = In...
Source: Stocks and Commodities V38 Hooray! Another new John Ehlers indicator! John claims this indicator is lag-less and uses the SPY on the Daily as an example. This indicator is a slight modification of Reflex, which I have posted here I think it's better for Stocks and ETFs than Reflex since it factors in long trends. It tends to keep you in winning trades...
Source: Stocks and Commodities V38 Hooray! A new John Ehlers indicator! John claims this indicator is lag-less and uses the SPY on the Daily as an example. He states that drawing a line from peak to peak (or trough to trough) will correspond perfectly with the Asset. I have to say I agree! There is typically one bar of lag or no lag at all! I believe this...
This indicator allows to compare the performance (% change) of a given symbol with the larger market ( AMEX:SPY ) and/or with a custom symbol, which defaults to AMEX:XLK (an ETF tracking technology companies from the S&P 500). The performance for the current symbol is displayed as a blue histogram, while performance for the AMEX:SPY and the custom symbol are...
Our Buy Sell System indicator generally works on a modified version of the ATR ( Average True Range ) formula. The Buy Sell System is a trading method that generates Buy and Sell signals when conditions are met. These conditions include Exponential Moving Averages, ATR and depends on price action as well. Our indicator also shows a green/red background that...
Our Trend Reversals indicator is there to notify you when a trend reversal (depending on your time frame) might occur. Trend Reversals will signal a cross shape signal (X), that will be in red when a downfall might happen and will be in green when a movement up is about or might happen. The indicator algorithm is based on 3 indicators, when these three intersect,...
Our Divergence indicator is another indicator we are happy to present to interested traders. The indicator detects the possible trend change and it is a well known tool among traders based on bullish and bearish divergences. To use the indicator well, it will spot divergences but some minimal work might be needed to be done as connecting the waves together to...
Our Auto Adjustable Support & Resistance indicator draws support and resistance lines that can help you estimate where a ticker or financial asset can range, reach or break. The support lines are in lime color while the resistance lines are in red. The colors will automatically change depending on where the candle is. So for example, if the candle is above the...
Our Golden & Death Cross indicator is another indicator we are happy to present to interested people. The indicator detects the possible trend change and it is a well known tool among traders. To make it more convenient for your use we have labeled the golden gross with a G and there is a green vertical bar that is available on the signal. Same for the death...
Our DCA tool is an indicator that is mostly based on RSI. The DCA tool is there to let you know where you should start averaging your entries or longing or shorting a financial asset. It can also give you an idea about when a market can start going the other way depending on the time frame you are using. DCA will signal two different buy signals and two different...
Relative Strength Comparison with automatic selection of relevant index Added support for most european and north american exchanges.
Modification to Elder's Force Index (EFI) Ability to change calculation from standard EMA to your choice of SMA, EMA, WMA, or HMA. Very interesting results! Adjust lookback from standard/suggested 13 candlesticks Added a color indication to positive or negative force reading Added background color tint for an easier read on dashboard setups Suggested...
Dear Followers, does volume say something about market makers and what will happen in near future? Today a new Price Action Tool , the "Volume that matters" indicator. When a Market Maker executes his/her orders, there is no way he/she can do it without giving us some footprints: volume! Specific Volume spikes happen as reactions at support or resistance...
This gauge is the band break Ewo, or rather known as the advance get the mechanical trader ewo. Buy when the back and the candles are painted blue, if you activate see ewo on the chart buy when the candles are above the upper band. Sell when the back is selling and the candles are painted red or if the ewo is on the chart sell when the candle is below the band.
This moving average was developed by John Josephen in his Mechanical Trader Book. Buy when the price is above the moving average you will also see that the candles are painted yellow. Sell when the price is below the moving average, you will also see that the candles are painted red. It also has the standard deviation 13 periods and deviation 1 of the same moving...