Hello, I use this script daily so I thought it might help some of you guys out! WHAT IS THE SCRIPT This script can show two custom trading sessions and up to three specific dates and hours to keep in mind while trading (for example a news release). WHY USE THE SCRIPT My trading plan tells me to trade from 08:00am to 10:00am (GMT+1) and not to let open trades...
Moving Averages are probably the most commonly used analysis tools, and MACD is possibly the first charting indicator a trader gets to learn about. MACD Basic concept ---------------------------- Without repeating all the tons of documentation about what MACD does, let's quickly re-visit the MACD concept from a 10-mile altitude (note we're keen on simplifying...
I created this indicator to tell me when it's time to trade (going long) and when it's time to wait (or going short). You can enter up to 13 ticker (default is S&P500 and key market segments). For each ticker, fibonacci levels are calculated and represented either in 5 color or 3 color mode as single lines. (Thanks to eykpunter for the fibonacci level...
The purpose of converting the ATR value indicator to an oscillator; It is known that the ATR value is not between the two specified values. So it is not compressed between 0 and 100 like RSI and %B etc. Therefore, conditions such as "A condition if ATR value is X, B condition if ATR value is Y" cannot be created. In order to create these conditions, the max and...
A modification of my previous indicator "Crypto Index (DXY) Candles". The idea was to create a similar currency basket to the standard DXY, but from the perspective of other currencies. Still using the standard DXY weights, this indicator allows you to create a tailored index for other currencies, provided that a currency pair exists for each of the 6 components....
This script identifies the distribution days and follow through day. DD count helps a trader identify a general trend of the market. A distribution day is flagged when index drops more than 0.2% and above average vols than previous day. 4 or more distribution days shows choppiness in the market and longs are unlikely to work. A follow through day on the other...
Volume Divergence • Formula originated from: "Hidden Price Divergence" (circles) by TheLark. I did two things to harness its effectiveness: • Firstly, I developed a unique way to filter out the divergence signals that were appearing on both sides of the midline. This filter will be known as the "Midline Tool" . It filters out a lot of the false...
Cosmic Channel Lite ( CC Lite) draws dynamic non-repainting trendlines and helps ⭐ know when a breakout is about to begin ⭐ predict the position and timing of the next swing reversal ⭐ predict sudden changes in volatility ⭐ recognize whether the price is in bearish or bullish territory 👀 HOW IT WORKS Cosmic Channel Lite draws a dynamic channel consisting...
-simple tool based on ICT free YouTube material of many years. -Highlights a box showing Optimal Trade Entry (OTE): 61.8% - 78.6% retracement -Auto shifts depending on Bull or Bear move on chart. --If visible chart is Bullish (low then high): shows OTE box 61.8-78.6% retracement down from the high --If visible chart is Bearish (high then low): shows OTE box...
This extremely helpful indicator allows you to highlight 7 custom date-based timeframes on your charts. The default dates selected are what I consider to be the most significant 7 most recent market declines, including and since the 87 flash crash. Note: The default dates are approximate but good enough to highlight the key timeframes of these...
ABOUT THIS INDICATOR This is a simple indicator that can help you manage the risk when you are trading, and especially if you are leverage trading. The indicator can also be used to help visualize and to find trades within a suitable or predefined trading range. This script calculates and draws six “profit and risk lines” (levels) that show the change in...
█ Overview Range Band (Expo) measures an asset's volatility and price movements to plot the most relevant price range. Identifying ranges in trading is extremely important for traders to assess the current market and make informed decisions about when to enter and exit positions. By identifying ranges, traders can identify support and resistance levels ,...
The average mining costs of one bitcoin equals to the true intrinsic value Globally, the Bitcoin network uses around 0.5% of the world’s electrical power supply. The sheer amount of electrical power and complex hardware required to operate a mining farm has intrinsic value. This gives bitcoin a fundamental cost to create, and thus intrinsic value.
Early Double Top & Bottoms This script will scan pivot highs/lows as well as the macro highs/lows to determine whether it thinks there could be a potential double top or double bottom. This does not mean there definitely will be but the indicator from this point will display the proposed pattern and set out a box where you could look for reversal signals. The...
Use this indicator as a one-week top or bottom forecaster Time frame: 15m Buy when the indicator is below the 0 lines and the price is in the yellow-red zone Sell when the indicator is above the 0 lines and the price is in the yellow-red zone The stop loss of 200 pips from the entry point Take profit at line 0
The Fibonacci Moving Average (FMA) is an indicator for financial markets that is calculated using the Fibonacci sequence and the metallic mean. The metallic mean is a type of average that is calculated by adding the source and the square root of the sum of the square of the source and 4, and then dividing the result by 2. The FMA is then calculated by using the...
The Fibonacci Moving Average (FMA) is a technical analysis tool that uses a weighting system based on the Fibonacci sequence to smooth out fluctuations in data and help identify trends. It is calculated by first finding the metallic mean of the source data and then applying a weight to each data point based on its position in the Fibonacci sequence. The weighted...
RSI stands for Relative Strength Index. Bollinger Bands stands for a channel open by standard deviation values plotting upper, lower lines. Double RSI with Bollinger bands adapted Bollinger bands to RSI not using overlay mode. It tries to filter fake signals while giving more good signals according to volatility even below overbought areas or above oversold...