It is made by 11 moving averages and an indicator that color the candles when there is a strong trend. The moving averages change color becoming green or red if there is a bullish trend in green or a bearish trend in red. There are few ways to use this indicator.These two is what I found easier, please back test it and share your thoughts. 1. When the cloud is...
Indicator signs -Buying or selling signal on screen -RSI in overbought or oversold -Stoch overbought or oversold "Risk adjustment" The expected profit is 30pips positive. Adjust risk by 30pips indicator consisting of Stoch 14, 6, 6 Rsi 14 Dmi 20, 5
Got a little board due to the lock-down so I have written this little script. It allows you to set PIP Bands at levels on the chart. The Back Line is Close plus Spread, the Red Line is PIPs below and the Green Lines are spaced at PIPs above at equal distance. The top four lines can be toggled off. Set off as default. There is a toggle for JPY Currencies and...
Hello traders, This indicator shows the average volatility, of last N Periods, for the selected time frames. You can select up to 2 timeframes with this version Volatility is defined as the close of current candle - close of the previous N candle Presented as Currency, Pip, percentage labels in a panel below. Will calculate in real-time only for the current...
How do i use this script? Firstly, be sure that you have done your research on what divergence is. The oscillator will automatically mark all types of divergence and has coloured 'over bought' and 'oversold' levels at 30 and 70, although reliable, be sure to use other Technical Analysis before entering trades. Thank you.
Mr. Pips is proud to bring his Proprietary Price Action Trading Indicator to the masses. This easy to use script works on all time frames and all stocks, commodities, indices, etc.... Mr. Pips has developed this indicator to help the most novice trader achieve returns. Buy when the trendline turns green and move your trailing stop-loss up as the price goes up....
This indicator helps you to quickly identify bullish and bearish engulfing patterns. Works on currencies only (pips required).
This envelop calculated by pips. So you can use this on only forex charts.
Calculates the pip spread to a target EMA. When spread exceeds a standard deviation multiple set by user background area goes blue. Blue zones are extreme spreads and opportunities for a reversion to EMA Target trade.
I made this tool to measure the exact PIP range of different currency pairs in an easy to understand format. It comes with the option to convert the PIP Values to XXX/JPY Pairs with a simple check-box. "H" is the highest PIP movement in 377 time periods. "N" is the EMA-377 of the PIP ranges. "P" is the current time periods PIP moment (true range).
Average Price Movement inidcator displays the high/low for the period over time. On top of that an 8 period exponential moving avergae is attached to get average movement over time. It provides, for eg. on a Daily chart, gives a day range and this can be used to book profits or place stop loss. It is very simple indicator to provide price range over time.
This is ATR in pips. This was requested by user @ElixiumCapital. ATRPIPs in his words: "ATR PIPs is useful for finding markets with your desired amount of volatility, for example I prefer to trade forex pairs with the highest amount of volatility in the past 5 days, setting the length parameter to 5 days. And setting my stop loss at 25% to 33% of the the...