The Dynamic Order Blocks indicator displays the most recent unmitigated bullish and bearish order blocks on the chart, providing dynamic support/resistance areas. When price sweeps an order block, this is highlighted by the script indicating a potential reversal. The average between the displayed order blocks is also displayed. 🔶 USAGE Order blocks are...
Advanced Dynamic Threshold RSI Indicator Overview The Advanced Dynamic Threshold RSI Indicator is a powerful tool designed for traders seeking a unique approach to RSI-based signals. This indicator combines traditional RSI analysis with dynamic threshold calculation and optional Bollinger Bands to generate weighted buy and sell signals. Features ...
This Indicator in a refinement of my earlier script PC*VC Moving average Old with easier to follow color codes, overbought and oversold zones. This script has converted the previous script into a standardized measure by converting it into Z-scores and also incorporated a volatility based dynamic length option. Below is a detailed Explanation. The "Dynamic...
This script represents a versatile dynamic indicator called "KeitoFX Dynamic Indicator Free version." It is developed by the author "KeitoFX" and operates as a custom indicator overlaying on financial charts. The indicator utilizes a unique algorithm to dynamically identify bullish and bearish candlestick patterns with specific criteria. Key Features: - The...
What is an Anchored Moving Average? An anchored moving average (AMA) is created when you select a point on the chart and start calculating the moving average from there. Thus the moving average’s denominator is not fixed but cumulative and dynamic. It is similar to an Anchored VWAP, but neglecting the volume data, which may be useful when this data is not...
First of all, a big shoutout to @shayankm, @LazyBear, @Bromley, @Goldminds and @LuxAlgo, the ones that made this script possible. This is a version of Waddah Attar Explosion with Traders Dynamic Index. WAE provides volume and volatility information. Also, WAE calculation was changed to a full-on MACD, to provide the momentum: the idea is to "assess" which MACD...
Hello traders, This is a script I use daily as a scalper and it helps me a lot, maybe it can help you, this is why I am sharing it! PART 1 - DESCRIPTION This program is specifically designed to help scalpers but can be used for all types of trading but won't be as useful. This script is what I call an entry helper as it calculates dynamically the position size,...
Similar to my last script, although this one uses the RSI value of (highest high - price) / (price - lowest low) to feed into the the logic creating the dynamic length. Choose how the length curve works by selecting either Incline, Decline, Peak or Trough. Lastly select the moving average type to filter the result through to smoothen things out a bit to find...
this indicator serves to differentiate the classic source of RSI with these inputs you can modify the inputs of the different Bar's, you can choose between: Candles = classic Candles Heikin Hashi Kagi Line break Pointfigure Renko Selecting the input: "Use Different Source ???" you can use a source with multiple elements of your choice 2...
Variety RSI w/ Dynamic Zones is an indicator with 7 different RSI types with Dynamic Zones. This indicator has signal crossing options for signal, middle, and all Dynamic Zone levels. What is RSI? The relative strength index ( RSI ) is a momentum indicator used in technical analysis . RSI measures the speed and magnitude of a security's recent price changes...
Dynamic Zone of Bollinger Band Stops Line is a Bollinger Band indicator with Dynamic Zones. This indicator serves as both a trend indicator and a dynamic stop-loss indicator. What are Bollinger Bands? A Bollinger Band is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple...
Dynamic Zones of On Chart Stochastic is a Stochastic indicator that sits on top of the chart instead of below as an oscillator. Dynamic zone levels are included to find breakouts/breakdowns and reversals. What is the Stochastic Oscillator? A stochastic oscillator is a momentum indicator comparing a particular closing price of a security to a range of its...
Fisher Transform of MACD w/ Quantile Bands is a Fisher Transform indicator with Quantile Bands that takes as it's source a MACD. The MACD has two different source inputs for fast and slow moving averages. What is Fisher Transform? The Fisher Transform is a technical indicator created by John F. Ehlers that converts prices into a Gaussian normal...
What is Fisher Transform? The Fisher Transform is a technical indicator created by John F. Ehlers that converts prices into a Gaussian normal distribution. The indicator highlights when prices have moved to an extreme, based on recent prices. This may help in spotting turning points in the price of an asset. It also helps show the trend and isolate the price...
Dynamic Zone Range on PDFMA is a Probability Density Function Moving Average oscillator with Dynamic Zones. What is Probability Density Function? Probability density function based MA is a sort of weighted moving average that uses probability density function to calculate the weights. What are Dynamic Zones? As explained in "Stocks & Commodities V15:7...
I bring to your attention a dynamic indicator Adaptive Envelope . The main qualitative characteristic of the technical indicator is adaptability. This means that it does not need to be adjusted for each tool. The adaptive envelope itself dynamically adjusts to the volatility of each individual instrument, or even timeframe. And thanks to a wide range of...
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...
Similar scripts exist but I haven't seen one using WaveTrend and I haven't seen one that hand picks evenly divided colors between GREEN-YELLOW-RED. The green is exact green, the yellow is exact yellow, and the red is exact red. Not complicated, just useful.