Level: 3 Background Many people need to judge the market trend against the main candlestick chart when using MACD. Function First of all, the principle of MACD is the difference between EMA's long-term and short-term values. So, I wonder if it is possible to use EMA to construct a set of candle charts that are similar in proportion to MACD values for...
Developmment of Double_Based_EMA. The version 2 brings a set of emas, with 8, 34, 144 ,610 periods. The price source is the closes inside the upper or lower range of the Donchian Chanell with the same period. The reading is the same as My Script 44. The price will try to reach the next level of EMA. if $ >8 will try 34. if $ >8 and 8>34 will try 144. if $ >8 and...
USE: - For visually tracking your trades in a floating pane (label). - Most of the features are described in the image. MAIN FEATURES: - Better long-position and short-position tool wannabe. - Visual data for tracking your trade position. - Automatic setting of some common values in trades risk management. - Switching from long-position to short-position can be...
This indicator is an improved version of MACD+RSI (refer to my script list). Basically, this indicator is a combination of several indicators: 1. Fast MACD (preset at 8, 16, 11 - it is my own preference settings and the red and blue line in this indicator are referring to the Fast MACD settings) 2. Slow MACD (preset at 12, 26, 9 - standard settings and the Slow...
Description This indicator creates vertical background bands of larger timeframes when viewing lower timeframes so the trader can keep track of the larger timeframes when they are zoomed in on lower timeframes. This script displays hourly and weekly backgrounds. When the timeframe is thirty minutes or lower, hourly backgrounds are displayed. When the timeframe is...
It is finally here! 🔥 My 3rd and most important script in my Financial series! 🚀 Ever imagined to see all fundamentals (or many that is) combined into one indicator that is right on your chart, showing you how your favorite stock is trading compared to its fundamentals? Well, here is your answer! ...
The script provides a way to compute ratio between two indexes (or stocks) of your choice, and paints a "up-arrow" below the first candle where and when the value of the ratio exceeds your threshold of choice. It also creates a table summarizing the value of your securities, and the value of the ratio below. The script will also alert you with a message...
This indicator displays the Current Daily ATR vs the current Day Range and displays the percentage. For example if the Daily ATR is $5 and the current range of the day is $10 this would be 200% the original move. It is color coded (and can be modified) to change color when the Daily range is over 100% the ATR. The time frame can be changed from Daily just be...
All you have to fill out is your account balance, the % amount of your account you want to risk, and the percentage of ATR you want calculated. If you have 100% it will do a full ATR calculation. So if the ATR is $2 then your risk per share would be $2. If you had 50% in the same example it would be risking $1 per share. You can also customize what time frame...
The Projection Bandwidth was created by Mel Widner (Stocks and Commodities Jul 1995) and this is another of my series of indicators that I consider undiscovered gems. For those of you who are unaware, the Bandwidth indicator measures the distance between the high and low bands and if you remember from my Projection Bands script, the Projection Bands give pretty...
Hi, I played with the ROC ( Rate of change ) indicator. First of all I made it smooth. And came up with decent buy sell signals for long-term potential trades. It can be useful for DCA and profit booking in market tops ( before potential crash) Recommended time frame = 1 Daily , 3 Daily , Weekly. Usage : 1. Look for Buy and sell arrow signals. But don't jump...
AMEX:SPY The Naked Bar Upward Reversal is a three bar candlestick pattern with an inside candle as a entry point. This pattern is bullish since it has a candle closing red from the previous candle; the most bearish pattern possible. The following inside candle is a reversal of its previous candle with an open above the previous candle's close. Look to buy the...
Indicator plots 3 sets of daily extremes based on Average Daily Ranges, to identify probable intraday reversal areas. The following can be changed in Settings for fine-tuning: Look-back days for ADR calculation. By default they are set to 5, 7, and 14 days. Method of calculation of average. Simple by default, but can be changed to Exponential (tick the 'EMA'...
Regular RSI indicator that can underline divergences, turn green or red specifying user specified bull/bear zones, and with a label showing the price needed to turn bull/bear! Specify the inputs: + RSI Length + Bull Threshold + Bear Threshold + Panel Position Offset Also with toggle-able: + Bullish Divergence + Bearish Divergence + Hidden Bullish Divergence +...
The Levels Of Greed indicator is based on the same idea as the Levels Of Fear one and was suggested by several traders in the comment section. It helps analyze price advances to find the best levels for closing a long position in an asset after a quick surge or longer up-trend. In finance, volatility is a term that describes the degree of variation of an asset...
Displays the Ticks, Advance Decline and th PCALL in the bottom corner.
This is a little script that show the Delta Percentage (not Covid) of 9 Coin that you can choose from the menu, or even another Forex Pair or Index. It will show you the variation from the actual Day to the month or years you want. You can use it to analize what coin perform better using other coin as reference, or use it as start point for a bigger program.