The Magic Purple Line To put it very simply, the Magic Purple Line is the Trend Line that I use for my trading. It is a Trend line based on Trading Chaos. Yes, it is the Red Line of the Bill Williams Alligator but... It is the Red Line of the 5 times higher time frame This means you will ALWAYS be in tune with the trend of the higher time frame. that's...
This script plots a a square composed of 8 equilateral triangles ("grid"). User can set the frequency of calculation/interval by adjusting the 't' parameter. Steps for calculating grid: 1. Find the highest high and lowest low for last 't' periods. 2. Calculate midpoint for prices during that interval (highest high + lowest low) / 2. 3. Center of the grid =...
This Script is used to find High Low for previous two days. H1 is previous day high. L1 is previous day low. H2 is day before previous day high. L2 is day before previous day low. This H1, L1, H2 and L2 line can be used to determine support and resistance for symbol.
Dear Followers, today another awesome Analysis Tool, that you can use in your trading journey: Cumulative Volume Delta (CVD) , also known as Cumulative Delta Volume (CDV)! Volume says a lot about price action: price drops with low volume? or price pumps but no volume increase? big sellers volume but price does not drop? or big buyers volume but price does...
Arnaud Legoux Moving Average (ALMA) is one of the least lagging moving average by nature. This script builds two ALMA line, Fast and Slow, and to check their crossing over to generate Buy / Sell Signals. The drawback of Moving average crossing strategy is the too many crossing during a range trading, therefore, a third ALMA is used to show the trend of the...
* Take advantage of the 59% success rate of order 1 to enter position 2 with a higher Risk / reward ratio, - Command 1: risk / reward 1/1. 59% success percentage. - Order 2: risk / reward: 1 / 1.5 If you use Fibonacci retracement, it is 0.6 or 60%. Percent success 51.5%. - Percent profitable 2 orders: 55% - Number of consecutive wins in the past: 9. - Number...
Script to change candle color based on z-score. Inputs: 'src': Price source that will be standardized. 'n': Number of periods used in calculation of z-score (mean and st. dev.).
A combination of Fibonacci indicators including: 1- Moving Auto-calculated Fibo Retracement Levels 2- Dynamic Auto-calculated Fibo Extension Levels 3- Adjustable Auto-calculated Fibo Time Zones 4- ّFlexible Fibo Moving Averages Ribbon The ribbon consists of 10 moving averages of selected source for different Fibonacci numbers count of bars which could be...
What is the Impact Zone system: The creation of Impact Zones started with our love for trading the Bond Market. Impact Zones were originally specifically tailored for the Bond market and now have been mastered to capture most of the Asset Classes out in the market today (Please look at Impact Zone Settings section for asset classes covered by this script). The...
This indicator Should be opened on a 15 min chart It will display the Renko Highs and lows of: 30 min chart 45 min chart 60 min chart and 120 min chart
Deutsch: Die Zinsstrukturkurve ist ein wichtiges Prognosetool für Finanzakteure und dient unter anderem als Konjunkturindikator. Es handelt sich hierbei um eine grafische Darstellung der Zinssätze von Anleihen mit unterschiedlicher Laufzeit. 3 Ansichtsmöglichkeiten sind verfügbar: Linien Modus Histogramm Modus Verlaufs Modus Sobald Teile der...
Ichimoku based pyramiding strategy example that was tested on 4h TF. makes the first entry when 2Tier Kumo breakout was occurred. makes the extra entries when higher-low (on long) or lower-high (on short) was occurred. uses short term MACD reversal + stop entry as a confirmation of the trend. slack trailing stop loss. changes entry quantity by the...
This script locates and marks all points of separation in a price sequence. These are areas where price flow has been interrupted. These marks provide the basis for counting a sequence or trend in any financial space or market.
・Original indicator by MEGANEKO. ・This indicator provides entry points of buy and sell signals. ・For swingers, scalpers, and all type of traders. ・It can be used for various markets such as stocks, FX, CFD, Futures, and also Cryptocurrency. ・It can be used for various time ranges. ・Original evolutions of using some indicators’ calculation such as SMA, EMA, RSI,...
The Genesis Matrix (GMMI = Genesis Matrix Momentum Indicator) is primarily a momentum indicator that can be very well combined with other indicators to easily detect possible trend changes. This is a translation/interpretation for TradingView from the original Metatrader 4 code which is Open-Source and was developed by "realjumper". More information here:...
This script is very helpful in identifying supply and demand zones. While not perfect, if it identifies a zone, you can develop a plan around how to trade with it. I won't teach you how to trade, but if you're familiar with supply and demand trading, this can be a very useful tool to identify actionable trades.
Very early in my trading career, I came across Pivot Points only to find out that there are as many calculations as one pleases. It was hard to find out which ones work. Most of them probably did only out of randomness, so I ditched the strategy and looked for something else. I previously used my Oracle Eye and Reference Points scripts but it is time for an...