Introducing a simple script based off of the idea that ranges form from a point of origin that can be measured and produce interesting analysis indicating potential opportunities. Specifically I use this on daily and weekly anchorage to find mid range retracements once range has developed. Configure internal multipliers to provide potentially useful measurements...
█ OVERVIEW This script implements a price-time trend filter proposed by Alfred François Tagher in the “Trend Identification By Price And Time Filtering” article from the February 2024 edition of TASC's Traders' Tips . █ CONCEPTS In his article, Alfred François Tagher proposed a rule set designed to minimize the impact of stochastic price movements,...
█ Introduction and How it is Different The FlexiMA x FlexiST Strategy blends two analytical methods - FlexiMA and FlexiST, which are opened in my early post. - FlexiMA calculates deviations between an indicator source and a dynamic moving average, controlled by a starting factor and increment factor. - FlexiST, on the other hand, leverages the SuperTrend model,...
Overview : Market Movement Identifier (MMI) uses DMI (Directional Movement Index) Indicator's logic and enhance its capabilities and visualisation. It shows 3 type of overlays over chart - black, green and red which signifies current market trend. What is DMI ? : The Directional Movement Index (DMI) is a technical analysis indicator used to assess the...
" L5 Alchemy Gold (ALGOLD)" indicator is a trend-following indicator that blends volume and price data to create a MACD-like oscillator, aiming to address the lagging issue typical in price-only indicators. The integration of leading volume information with lagging price data is a smart approach to create more timely signals. Additionally, incorporating a...
Overview: The Fibonacci Averages Trend Oscillator is a unique technical indicator that leverages Fibonacci numbers to analyze market trends. It calculates the average trend sentiment over periods determined by Fibonacci numbers and smooths the result to create an oscillator. Key Features: Uses Fibonacci sequences for trend analysis. Smooths the trend data...
The "ADX and DI (Colored Candles Open-Source)" indicator is a technical analysis tool used in trading. It utilizes the Average Directional Index (ADX) and the Directional Movement Indicators (+DI and -DI) to assess the strength and direction of a price trend. The ADX is calculated based on a 14-period lookback and is displayed as a histogram. The color of the ADX...
🎲 Introducing our most comprehensive automatic chart pattern recognition indicator. Last week, we published an idea on how to algorithmically identify and classify chart patterns. This indicator is nothing but the initial implementation of the idea. Whatever we explained in that publication that users can do manually to identify and classify the pattern, this...
Presenting a mashup of the key elements I use for day-to-day trading: Volume, Z-Score, Autoregressive Forecasting, and a new addition, ANOVA analysis of variance. I've aptly named it "Math Trading Concepts" in a nod to established trading concepts like "Smart Money" and "liquidity," but it's also fitting because these elements are fundamental to most...
TL;DR - An average true range (ATR) based trend ATR trend uses a (customizable) ATR calculation and highest high & lowest low prices to calculate the actual trend. Basically it determines the trend direction by using highest high & lowest low and calculates (depending on the determined direction) the ATR trend by using a ATR based calculation and comparison...
Welcome to the Intraday Fibonacci Levels indicator, a dynamic and customizable tool designed for traders who incorporate Fibonacci retracements and extensions into their technical analysis. This indicator focuses on intraday price action, allowing you to select a specific candle from any trading session and visualize crucial Fibonacci levels derived from its...
Description: Introducing the "RMB - High and Low" indicator, a versatile and powerful tool designed for traders who seek a comprehensive view of the market across multiple time frames. This indicator is tailored to identify and display key support and resistance levels, adapting to your chosen time frame - from as short as 15 minutes to as long as a week. Key...
Description: The Momentum Bias Index by AlgoAlpha is designed to provide traders with a powerful tool for assessing market momentum bias. The indicator calculates the positive and negative bias of momentum to gauge which one is greater to determine the trend. Key Features: Comprehensive Momentum Analysis: The script aims to detect momentum-trend bias, typically...
Hey! This indicator "Trended CVD" categorizes price movement by trend (using zig zag) and calculates cumulative volume delta for the entirety of the price move. Features CVD calculated for the trend CVD divergences are distinguished (uptrend and falling CVD / downtrend and rising CVD) CVD output normalized to scale with chart, and is plotted alongside...
💎 GENERAL OVERVIEW Introducing our new Key Levels indicator! This indicator allows you to see the key levels on the current chart such as previous day lows / highs, pre-market data, yesterday's close, today's open, pivot points, and much more! It's highly user-friendly with every line being individually customizable and having a wide range of text options. ...
The uniqueness of this script lies in the synergy and dynamic interaction resulting from the advanced combination of key elements of technical analysis in the way it strategically merges Fibonacci Levels with the Linear Regression Channel and the internal price structure, creating a highly synergistic market analysis system. The Linear Regression Channel, drawn...
This indicator, created by Maximiliano Carreras , displays the trend based on the 200-period EMA (Adjustable) on the chart. The EMA is calculated based on data from the 1-hour and 4-hour charts (Both adjustable timeframes). The indicator labels the trend as "Bullish" if the closing price is above the EMA and as "Bearish" if it is below. The indicator is shown in...
💎 GENERAL OVERVIEW Introducing our new ORB Algo indicator! ORB stands for "Opening Range Breakout" which is a common trading strategy. The indicator can analyze the market trend in the current session and give "Buy / Sell", "Take Profit" and "Stop Loss" signals. For more information about the analyzing process of the indicator, you can read "How Does It Work ?"...