The idea and calculations for the Volume Positive Negative (VPN) indicator were created by Markos Katsanos. Markos wrote about the indicator in the article Detecting High-Volume Breakouts, published in Technical Analysis of Stocks & Commodities April, 2021 (Vol. 39, Issue 5). The goal of the VPN indicator is to detect breakouts using only volume. The basic idea...
We again keep it really simple. This indicator just plots the combination of RGRR and GRGG candlesticks. (R = Red / Bearish, G = Green / Bullish) When either pattern occurs, trade the combined high and combined low of recent 2 RR or recent 2 GG candles. I.e., Buy above GG's high with SL at GG's low. Sell below RR's low with SL at RR's high. Refer the shared...
The MM Session Open Algo is a strategy to catch the opening breakout of a security displays the current session with background color Entry, Stop Loss Based on Atr, and two Take Profit levels Kill zone entries for New york and London session provides valid signal for entry once price crosses entry line and set "opening session price" to determine what signal...
Pips Breakout Candle measures price changes in pips. This indicator can be used to identify major price moves! The indicator comes with a sentiment line which is the sum of the Up versus Down price changes. It gives a good understanding of the current trend and identifies divergences. Set alerts for major price moves! Identify the trend! Identify...
This is a Pivot Points Algo (PPA). PPA uses an adaptive pivot algorithm that adapts to different market situations based on various factors. PPA also includes depth filtering to make it more precise at its signal decision. ======= Signal Types ====== Main Signal of BUY and SELL shown by buy/sell labels. Mini Signals of BUY and SELL shown by buy/sell arrows and...
Anti-Breakout Strategy Description: This is a contrarian entry strategy for trading false breakouts. The high/low of the breakout bar is used for the entry in the opposite direction. To reduce repainting set ptype variable to OHL3.
Introducing the Robust Channel indicator. This indicator is based on a remarkable property of robust statistics , namely, the resistance to the presence of data points that deviate significantly from the established trend (generally speaking, outliers ). Being outlier-resistant, the Robust Channel indicator “remembers” a pre-existing trend and thus exhibits...
Simple Script for getting alerts on the crossing of Upper & Lower levels either way. Good for Free users as they can only use 1 alert at a time. So this indicator will be useful to get alerts on both Breakout Or Breakdowns. Just add input Price manually and set alerts.
Usually all 52 bar scripts depend on weekly bars. This script makes it possible to apply the current time period. In addition, it starts from the previous bar so that the current day's bar is not included in the calculation which makes it easier to notice if the price is above the previous 52 bars.
It is based on the legendary trader Larry R. Williams' volatility breakout strategy. The volatility breakout strategy is a short-term trading strategy that realizes rapid profits on a daily basis, following the upward trend of a strong upward trend that exceeds a certain level on a daily basis. The Volatility Breakout Plus strategy is a strategy modified to a...
A method I'm playing with to detect liquidity grabs and breaks from consolidation.
A simple way to identify potential breakouts at the New York market open. This indicator plots the high and low of the New York Pre-Market, providing a great visual of a potential breakout levels.
Stdev Breakout Strategy Description: This script generates a long entry signal when the Standard Deviation crosses over the Simple Moving Average and the Close is greater than the Open, and/or generates a short entry signal when the Standard Deviation crosses under the Simple Moving Average and the Close is less than the Open.
This script uses the Repeated Median (RM) estimator to construct a linear regression channel and thus offers an alternative to the available codes based on ordinary least squares. The RM estimator is a robust linear regression algorithm. It was proposed by Siegel in 1982 (1) and has since found many applications in science and engineering for linear trend...
Strategy Kiss = 'Keep It Simple, Stupid' or 'Keep It Simple, Smart' The script simply identifies 2 consecutive Doji candles, and calculates Target on both the sides for given Reward : Risk factor. The High-Low to Open-Close ratio is set to default value 20. The Reward : Risk ratio is of default value 2. Both can be set to values of your choice. Accuracy best on...
Hello Traders, This is my second Multi Time Frame Candles script but with this new one, you will have some new features such volume info, remaining time to close of higher time frame candle and also developed using new features of Pine such array of lines. also I tried to make it 3D for better visualization ;) also it shows new highs/lows / breakouts. I...
DearDear Followers, today another awesome Analysis Tool, that you can use in your trading journey: Progressive VWAP ! If you love vwap, you will love this indicator, as it calculates some special "progressive" / "evolving" vwap levels: daily vwap named dvwap 2D vwap named 2dvwap 3D vwap named 3dvwap weekly vwap named wvwap 2W vwap named 2wvwap ...
This is a Vortex Based Visual System, Which can help you identify the Vortex Crosses based Range Breakouts/ Breakdown, over the price Scale, How its made ? The vortex Crosses are projected over the Price on Same Time frame {Green and Red Filled area} -> green Area means : Vortex Crossover Range -> red Area means : Vortex Crossunder Range and on Higher...