strength

Ukendt 470 views ・

This simple Indicator shows: (1) The Direction of a trend (2) The Strength of a trend hence the name "Direction & Strength Indicator. How to read this Indicator: Indicator above "resistance area" => strong UP trend Indicator above 0 .................. => weak UP trend Indicator below 0 .................. => weak DOWN trend Indicator below "resistance area" =>...

allanster 319 views ・

Example how to color patterns of 3 bodies growing or waning by percentage with or without trend. Also included option for alert triggers. The yellow triangles on the chart denote where the alert triggers will fire. • Choose Pattern Of Filter: shows bodies growing or waning or both. • Sample Lengths Of AvgBar: number of recent bars to use for average size. •...

modhelius 2600 views ・

Relative strength is a ratio between two assets, most often a stock and a market average (index). This implementation uses the method described here and the second method described here to calculate its value: "To calculate the relative strength of a particular stock, divide the percentage change over some time period by the percentage change of a particular...

alexgrover 2273 views ・

Introduction The non-signal version of the absolute strength indicator from fxcodebase.com requested by ernie76 . This indicator originally from mt4 aim to estimate the bullish/bearish force of the market by using various methods. The Indicator Two lines are plotted, a bull line (blue) representing the bullish/buying force...

everget 1640 views ・

Intraday Momentum Index indicator script. This indicator was originally developed by Tushar Chande.

sarangab 702 views ・

This is an ATR+MA indicator.. the general idea is: - when ATR is higher than MA, volatility is high - when ATR is lower than MA, volatility is low

aelius 5195 views ・

Simple but effective don't pay $300 for an MT4 indicator when you can use this for free. Feel free to make it your own!

sarangab 1535 views ・

This is the Volatility Quality Zero Line Indicator. This indicator measures volatility strength.

Shizaru 3701 views ・

A powerful indicator that gives you information about trend direction and strength. It gives you buy signal when both lines are green and sell signal when both lines are red. The indicator adapts automatically to your resolution (for example if you see charts hourly it adapts to hourly timeframe), but you can turn off this option and set different resolution...

BacktestRookies 2670 views ・

Republished: The original script violated house rules by including an external link to Backtest Rookies. Background The currency strength indicator takes up to 4 forex pairs and calculates the average strength across all pairs. The indicator uses the pair's daily percentage change to calculate the overall strength. For flexibility, it can accept any instrument...

ZenAndTheArtOfTrading 2539 views ・

This indicator uses Heiken Ashi candle data to plot trend strength signals to your chart. Bright Green: Heiken Ashi candle data is still putting in higher lows and higher highs, and the price closed above the previous low. Dark Green: Heiken Ashi candle closed green, but had a lower low or lower high (trend weakening). Bright Red: Heiken Ashi candle data is still...

QuantitativeExhaustion 3011 views ・

RSI Donchian Channels Built by Ricardo and JR Here is a great indicator to use for strong trends. Donchian Channels react immediately to changes in the highest high and lowest low. For strong trends you want to trade when RSI is set along the upper or lower DC-RSI envelope. When the RSI releases from the DC-RSI envelope, you can take the trade off....

cI8DH 1550 views ・

This indicator can apply my previous indicator, Historical and Standard Stochastic, to Money Flow (ADMF) or Absolute Strength Index (ASI) or both at the same time. It can also display those two indicators in regular mode as well as showing visual cues when the indicators make new ATH or ATL. ASI is basically a new name I am giving to my Gain/Loss Moving Average...

20813 3457 views ・

This will show you the RSI of the higher timeframes (up to 1D). Current Timeframe is colored red, higher timeframes are colored from light gray to darker gray (you can change that). There are several ways to enter a trade: 1. look for rising RSI on higher timeframe (line is stepping up in indicator window), wait for current RSI to decline to oversold (with...

jayy 726 views ・

Relative Strength to index as used by Leaf_West. If you follow his methods be aware of the different moving averages for the different time periods. From Leaf_West: "on my weekly and monthly R/S charts, I include a 13 EMA of the R/S (brown dash line) and an 8 SMA of the 13 EMA (pink solid line). The indicator on the bottom of the weekly/monthly charts is an 8...

ErwinBeckers 144 views ・

Currency strength indicator for GBP/USD Indicates how strong GBP is against USD

squattter 941 views ・

Follow the momentum - 2/4/8hr or Daily, take your pick. Use 2 or more TFs together for greater chance of a winning trade. Also brilliant for spotting divergence. This one is my favorite indicator.

everget 1139 views ・

Range Action Verification Index (RAVI) indicator script. This indicator was originally developed by Tushar Chande (see his book "Beyond Technical Analysis: How to Develop and Implement a Winning Trading System").