Sometime ago (very long ago), one of my tinkering project was to do a spam or ham classification type app to filter news I'd wanna read. So I built myself a Naive Bayes Classifier to feed me my relevant articles. It worked great, I can cut through the noise. The hassle was I needed to manually train it to understand what I wanna read. I trained it using 50...
This indicator is used to identify range breakouts using an ATR multiplier. My first script, Im sure there are indies out there like this, but this my favorite way to identify breakouts and trends.
This script measures candle length and average true range (ATR). A break out occurs when a candle is larger than the given ATR value. You can choose to calculate length from wicks or from the body (open & close). You can use this as trend direction indicator by following the last break out candle or open a position after a break out with a stop just above or...
Similar to one of my previous scripts 'Ranged Volume', but instead of using volume, this script uses candle length mirrored. It creates a range using highest and lowest of a given period. When the range gets larger, it means the current candle is bigger than the largest candle of your given period (break-out). Yellow = Bullish break out Red = Bearish break...
Renko is a very useful charting method for analyzing stock movement. It does a great job of filtering out all the excess noise so that all we're left with is pure price action. But, what about time? Time is a fundamental part of chart analysis and we are only seeing part of the picture. After all, shouldn't we take a very different approach to trading signals from...
A simple script that shows mirrored regular volume bars with the purpose to show break-outs and low volume ranges, using highest and lowest of a few bars back. Use Heikin Ashi function to smooth the colors with the trend.
What is the force index ? The force index is an oscillator used to confirm price breakout strengths and identify potential trends. It was popularized by A. Elder. How the force index is computed ? Knowing that volume is the fuel of a price movement, reliable breakouts and trend continuation are more likely to occur on high volume breakouts. This is why the...
Hello guys, today I would like to share an indicator that I had in my mind for quite some time. I call it ADX Boxes. How does it work? What the indicator does is very simple. Whenever the ADX falls below a certain threshold (which can be managed in the user input settings) a box will appear. The box will continue to grow as long as the ADX stays below the...
Signals when there is a breakout from the trading range(donchian channel up to 300 bars back).
This indicator aims to identify areas of price compression, by looking for two consecutive "inside candles" on the 4h chart. An inside candle is simply when the current candle's high is lower than the previous candle's high, and the current candle's low is higher than the previous candle's low. Once price compression is identified, the indicator draws a range...
This script is used to visually highlight candles which may signal a reversal following a false break of a support or resistance level. Inputs are: Lookback period: look for the highest high and the lowest low of the prior x bars. SMA length: used for a simple moving average of the range (high minus low) of the prior x bars. Range multiple: used to filter...
The San Trader Candles for bullish and bearish market - Buy on breaking High of "San's Bullish Candle" - Sell on breaking Low of "San's Bearish Candle" Preferred Time Frame: Daily and Weekly
Add alerts to renko charts to be notified when: new brick brick up brick down direction change direction change up direction change down Also shows pivots based on brick reversals. Alerts also available for: pivot breakout pivot high breakout pivot low breakout You can hide the plots for pivot high/low and breakouts in the style tab...
This indicator aims to aid in using the regular London Breakout strategy, as well as improve on it by adding a trailing stop based on the Mean Deviation Index. The London Breakout strategy (according to my personal understanding) basically sees the morning before London open as the accumulation or distribution range for large buyers or sellers, and assumes the...
// This is a simple Mean Reversion & Breakout Indicator. // A Donchian Channel is plotted. A threshold equal to 0.25 of Daily ATR. // If price reverses from this threshold, then it can be taken as possible Mean Reversion. // If price crosses the previous Donchian levels, it can be taken as a possible breakout. // Typical of such strategy is the whipsaw effect...
Hello traders Continuing deeper and stronger with the screeners' educational serie one more time (#daft #punk #private #joke) We don't have to wait for TradingView to allow screener based on custom indicator - we can build our own ^^ I - Long Terms concept I had the idea from @scarff. I think it's genius and I use this long terms level in my trading across...
Disclaimer: Use proper risk management and remember that all trading involves risk. Based on RicardoSantos' "Open Session Breakout Trader Strategy" I turned it into a study and tweaked it for trading Silver My goal when creating this was to help visualize breakout lines for multiple trading days at the same time without having to always draw them in.
Introducing A New Calculation For Efficient Bands Calculation ! Here it is ! The Recursive Bands Indicator, an indicator specially created to be extremely efficient, i think you already know that calculation time is extra important in algorithmic trading, and this is the principal motivation for the creation of the proposed indicator. Originally described in my...