There seems to be no open source forex trading session DST (Daylight Savings Time) aware scripts which I think is absurd. This amazing community deserves better. So I adapted some code by icostan adding DST capabilities. Original code by icostan here I added DST code. Warning may not be perfect yet. Could be a bug or two. It only supports 3 major sessions...
The standard Ichimoku Cloud is derived from Donchian Channels and is based on the range of the data set. However the channels are choppy and may not always be easy to read. By using moving averages, similar leading spans can be generated with a smoother outline. The T3 averages further smooths out the curve.
This algo tries to tell you if the market is a trending market or a mean reversion one. By checking how many times the correlation between the last seven candles is positive or not, and it will show the evolution of the market Generally a trending market is one above 30 and short swing strategies will work better on this type of markets It also shows...
Support & Resistance based on the highest and lowest values of a lookback period
This script tries to find when a trading channel is developing and once is developed it will save it for later use on 2 variables up and down channel. You can access the last 2 channels for comparisons but this could be extensible for more channels. You can choose the delta for the alignment accuracy of the channel. The error for the difference between channels...
This script is designed for trend trading. Currently set up for stocks long. It's main aim is checking the profitability of the trend trading system that it suggests. How to use: - When there is a sufficient trend and pullback for an entry yellow dots will appear under the bars. An buy-stop line (green) and a stop-loss line (red) also appear on the chart at...
Level: 1 Background The so-called "Buy after Dump" refers to the phenomenon in which the stock price sometimes rebounds temporarily due to the rapid decline in the falling market. The rebound was smaller than the decline, and the downtrend resumed after the rebound. Function L1 Buy after Dump Detector is one of my research to see win rate of a "Buy after Dump"...
The indicator will help you determine the average price range of the candle. It will help you determine following High price Low price Difference between high and low These values will help you take buying decision when a candle stick pattern is created and will easily help you determine the buying price and target price in a glance.
This is a minor update and modification to the script by kisshore19: I updated a few pieces to make it v4 compliant (color. and syminfo. prefixes, etc), inserted the passed variables on the functions, and modified a few items per my preference (line style, removed the infinity offset, added transp). Very minor updates, the work is all credit to kisshore19. I...
This is a momentum and volume based strategy. 1. Barcolor is GREEN -> When Momentum is in green region and Volume is also in green region 2. Barcolor is RED -> When Momentum is in red region and Volume is in red region. 3. Barcolor is YELLOW -> Volume and Momentum is not going in same direction. Staying away from trading is good in this scenario. Blue Star ->...
Today I propose a simple indicator to get an idea of market sentiment Color distinctions are as follows -White background = Bollinger Band Squeezed -Purple columns = Total candle length wick to wick -Lime columns = Green candle body length -Red columns = Red candle body length -Yellow columns = Wick to wick size higher than the previous candle by defined %, this...
It is very simple strategy for Buy & Sell based on 8 SMA. Here we need to take 8 SMA Close & 8 SMA Open and based on that decide Buy & Sell signals
100/200 EMAs, along with Keltner Bands based off them. Colors correspond to actions you should be ready to take in the area. Use to set macro mindset. Uses the security function to display only the 1D values. Red= Bad Orange = Not as Bad, but still Bad. Yellow = Warning, might also be Bad. Purple = Dip a toe in. Blue = Give it a shot but have a little...
TheTradeKit (lifetime) Indicator Suite A data first approach. Community Second. Transparent always. Designed for traders of any market including: - Crypto - Forex - Stocks - Commodities With a little configuration and insight into your trading style. TheTradeKit has been designed to be as simple as selecting a pair and let the market present opportunities for...
STRATEGY INGREDIENTS * DAILY chart * 10 ema on daily * 50 ema on daily STRATEGY RECIPE SUMMARY Wait for a CLOSE BELOW the 10 ema on the daily chart ...YESTERDAY. Wait for a CLOSE ABOVE the 10ema TODAY...ensure the price action is ABOVE the 50 ema on the daily chart ...buy at the close if the green arrow indicator is shown. Be sure to get your order filled BEFORE...
This indicator looks for the highs and lows using the highest / lowest of 4 different periods. The default values are 17, 72, 305 and 1292 inspired by BO Williams phicube fractals. The indicator will show anchored vwaps from those 8 dynamic points (4 tops and 4 bottoms). A true trend is defined when 4 fractals line up without much opposite resistance (only the two...
Concept: Short term momentum pattern with a trend filter Setup: It can be observed on charts that when a candle cuts an important support or resistance level a good move follows on the side of the breakout. The extent of the breakout differs from candle to candle, however the move on break from the support/resistance level to its new pivot point is large enough...