EXPERIMENTAL: using multiple length bollinger bands to create a better reading of ?price/range? strength?. • calculates 2 candle plots for upper and lower bands, were the high and low are the extremes of the bands, open is the previous close of the band and close is the extreme midline.
This script was inspired by @ChartArt. GREEN = UPTREND RED = DOWNTREND TREND IS DETERMINED BY IF THE CLOSE IS BELOW OR ABOVE THE SMA SET (DEFAULT 20) It has the trend of the following time-frames: 1 HR 2 HR 3 HR 4 HR 6 HR 8 HR 12 HR 1 DAY
This indicator is measuring if three different moving average calculations (EMA,WMA,SMA) with the same period length are aligned in an uptrend. If this is the case then the bar is colored in green. If only one or two of the three moving averages signals an uptrend then the bar is colored in blue. This can mean that the trend is changing. Save another $999 bucks...
See the current trend strength of the market. An additional filter makes trend consolidation areas visible. The color changes there each bar back and forth between green and red. This area was interesting. Would have been a better example: If the filter is deactivated the indicator shows the last measured price trend (green for up and down for red).
This script plots the highs/lows from multiple timeframes onto the same chart to help you spot the prevailing long-term, medium-term and short-term trends . List of timeframes included: Year Month Week Day 4 Hour Hour You can select which timeframes to plot by editing the inputs on the Format Object dialog.
This is a simple RMA Trend that may help you decide for SL or TP. Similar to CapnsBands this uses Donchian Channels.. but remember. Your Trade Your Money Howto Read Capns Surfer - I will write more later First of all this is NOT a BUY or SELL indicator. However with this you can define sweet spots for ENTRIES, or TRAILING STOPS and recognize the trend. Sweetspots
Combining the three most important factors that a trader usually needs in a single indicator. Red = Trend Blue = Stoch Orange = Price Action
Is It Uptrend or DownTrend? Are you lost? Follow the trend with CapnBands :)
This is a replica of TTM Wave A B C. The ABC Waves are comprised of various moving averages and oscillators (MACD) used to visualize the overall strength and direction of a given market across multiple time frames. The “A Wave” measures short term relative strength and direction of a market, the “C Wave” measures longer term strength and the “B Wave” plots the...
Following Trends and Finding Divergences Here is a script example that uses a long length (100, 150, 200) RSI MA Ribbon to detect trend reversals using lower time frames. You can also use traditional RSI to find divergences. Built Best for 1H to 10 Min Charting BTCUSD
Just added "notifications" to the previous script I found from mattlacoco.
EXPERIMENTAL: this script can be used as a trend follower if bgcolor is active, it can be used to catch extremes and target levels for a pull back to the mean, can be used as support and resistance with the time period open price and extreme. other uses, improvements let me know :p.
This is a famous indicator I have seen used by many Forex traders in MT4 platform. This indicator uses the difference between EMA of "close" and EMA of "open" to form the oscillator lines (not just a convergence/divergence calculation between EMA of "close") Current market state is determined by which histogram is above zero line. For more confirmation, wait for...
EXPERIMENTAL: trend and range analysis using dolchian and bollinger channels methodology merged into one, possibly it can be used to extract 3d depth of market :p
Predicts trend. When the centerline is blue confidence in future trend prediction is high. when red or green matching current prediction trend is medium to low confidence.
experimental: analyzing the differences between price closure and multiple moving averages to discern movement and direction of market. upper signal is the long trend, while the lower signal symbolizes faster movements within the trend.