Heard this story from Larry Williams…the trader who holds the record for winning the U.S. Trading Championship by turning $10K in to 2 Million. A trader named Owen Taylor developed this formula as a Floor Trader before to calculate the Projected High and Low of the next day. The formula worked so well…Owen charged other Traders 1K to get it. I was pretty...
Opening Range Breakout with 2 Profit Targets. Updated Indicator now works on all Symbols with Many Different Session Options. ***Known PineScript Issue…While the Opening Range is being Formed the lines only adjust for that individual bar. Just reset Indicator after Opening Range Completes. ***All Times are Based on New York Time Session Options Forex U.S....
I know a Trader that went 18 months without a losing trade. This Trader averaged trading 700-800 contracts per month in the Futures markets. The was not his only system but here were his rules. He looked at the 60 minute bar and calculated the ranges of the bars over the last 3 months. IF the range of the Bar was Greater Than the 99th Percentile, He would Fade...
"Full Disclosure: I came across this information from www.SentimenTrader.com I have no financial affiliation…They provide incredible statistical facts on The General Market, Currencies, and Futures. They offer a two week free trial. I Highly Recommend. The S&P 500 has gone 43 trading days without a 1% daily move, up or down. which is the equivalent of two...
Custom Pivots Indicator - Plots Yearly, Quarterly, Monthly, Weekly, and Daily Levels. I created this indicator because when you have multiple Pivots on one chart (For Example The Monthly, Weekly, And Daily Pivots), the only way to know exactly what pivot level your looking at is to color ALL S1 Pivots the same color, but create the plot types to look different. ...
I was asked to create this Indicator by TV user Drat. In the 1st Post I go into Specific Details of the Indicator. The Concept is Valid and the 1st Post is Worth Reading.
See 1st Chart Post For Specific Details. Custom Indicator Highlights Bars for Specific Days of Week. Works on Daily Charts and Intraday Charts. Option to Highlight One Day or Multiple Days.
About: The Choppiness Index was created by E.W. Dreiss out of chaos theory, and attempts to gauge the current market's trendiness. I've seen a few versions of this floating around, but this was built off the true version as described in the original 1993 release, you can read more about it here: www.edwards-magee.com Usage: Values above 61.8 are considered very...
Volatility Quality Index (VQI), by Thomas Stridsman, points out the difference between bad and good volatility in order to identify better trade opportunities in the market. This plots 3 lines: - Red line is the VQI (actually, sum of VQI). - Green line is the 9-period SMA of sum_of_VQI. - Orange line is the 200-period SMA of sum_of_VQI. Stridsman suggested to...
Hi Let me introduce my Bull And Bear Balance Indicator script. This new indicator analyzes the balance between bullish and bearish sentiment. One can cay that it is an improved analogue of Elder Ray indicator. To get more information please see "Bull And Bear Balance Indicator" by Vadim Gimelfarb
TMF is a CMF (Chaikin Money Flow) variation that addresses some of the gaps in the original indicator. More info: www.incrediblecharts.com TMF uses true range, rather than daily Highs minus Lows. Also, uses Wilder's MA rather than SMA/EMA. Since I had to write Wilder's MA (WiMA) for TMF, I have published that also as a separate indicator. WiMA is like EMA, but...
This is my custom channel (Bear Channel!? :)) derived from BB/STARC. It uses both ATR/STDEV for plotting the bounds. I use COG (Center of Gravity) for deriving the baseline. This enables it to track the price action better than many other channels that make use of MAs or simply "close". Indicator also marks "squeezes" (stdev bands come inside ATR bands). Pay...
This MacD Indicator has every feature available. See First Post for Details.
Suggested by John Ehlers, IFT helps you to determine the exact oversold/overbought points in any oscillator-type indicators. The 3 IFT based indicators in this chart are: - Inverse Fisher on RSI (IFTRSI) - Inverse Fisher on MFI (IFTMFI) - Inverse Fisher on CyberCycle (IFTCC) Suggested method to use any IFT indicator is to buy when the indicator crosses over...
My "to-publish" list is getting too big, so decided to push out 3 indicators in the same chart Feel free to "make mine" and use :) Leave a comment on what you think. Pretty Good Oscillator ---------------------------------------- This indicator, by Mark Johnson, measures the distance of the current close from its N-day simple moving average, expressed in...