This script allows you to set breakout alerts. An alert will be triggered only when price breaks and closes beyond the specified prices. You will get an alert on the first candle that closes beyond the levels you set.
This is a simple Day Trade indicator, but can be used for swing and long term trades. It is based on Donchian Channels to detect trend and point out resistance or support breakouts using arrows. The bars ared colored when a breakout occurs. When a resistance breakout occurs the current and the next bars are colored green (default) and when a support breakout...
This indicator acts as a filter for determining recent breakouts and consolidations in price. The first way to use the indicator is with a short lookback period. It then will paint yellow most of the time, with red marking a sharp recent breakdown in price and green marking a sharp breakout in price. This can be used to follow the breakout, or to fade it. The...
Current price always obeys VWAP and is very useful for intraday traders. The Price will never go beyond the second deviation of VWAP at any point of time. The deviation bands are also very useful in predicting the volatility of the script. Breakout trades can be taken based on the previous day's VWAP and it's deviations. One can say that the stock has experienced...
Modified Hoffman A/D: 1. uses standard supertrend to determine up/down direction (previous version used ema crossover) 2. uses improved A/D candlestick patterns I'm optimistic about this one
The purpose of this script is to decipher chop zones from runs/movement/explosion The chop is RSI movement between 40 and 60 tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored black, a series of black bars is tight consolidation and should explode imminently. The...
Study based on Rob Hoffman's Accumulation/Distribution Breakout strategy. - Green circle on the top wick indicates a "Distribution" wick - Red circle on the bottom wick indicates an "Accumulation" wick - A distribution wick in an uptrend gets marked as a Key Resistance. This is marked with green crosses - An Accumulation wick in a downtrend gets marked as a...
Just a simple script that tweaks the original Volume one. The purpose is creating a threshold which we'll use to put an alert on. This way, we can be notified whether Volume pumps. Useful for spotting breakouts, breakdowns and pumps. Threshold is simply a coeff * ma(volume,period). Coeff is editable as well. Hope this helps!
Version 2 of my fractal pattern aid ( Version 1 ). I added a bouncing line between the high and low trend lines, connecting consecutive extreme points. I also chased down a pesky bug in the slope calculation...and for now I have disabled the ability to change resolution basis for extreme detection (e.g. 30m on a 1hr chart). For fun, I added some shading to make...
Basic high and low channels, allows for two high and two low channels of specified lengths. Use for channel breakout trades, basic idea is to go long when the longer high channel is broken and close when shorter low channel is broken, vice versa for shorts Feel free to leave me a tip if you like this script: 1MprT7YEEWaM6bUcpD7eeHM3Ht8n3R5jP1
Plots the Highest and Lowest source price for N bars back. Similar to Donchian Channels except any price source can be used (best results: close ). Can be set to any interval independent of the chart interval. Repainting will occur if the chart interval is less than the indicator interval.
2017 - First Code This is a another way of looking at DMI indicator. Almost similar to any oscillator. You still need to understand the indicator and chart before you can trade with these. ---------------------------------------------------------------------------
B3 Buyer-Seller Breakouts = If a bar is showing that it is moving in a direction with highs lows and close, all of which are >respectively< moving against the open from the bar before, then it prints indicating buyers or sellers bringing momentum. The arrows and cloud carry into the next bar to give lots of awareness of the micro-term momentum. The cloud...
Apologies, there was an error in printing for the thick gray boxes, happened when MTF was switched on. All better, and here is the details from before: This is an interesting study that can be used as a tool for determining trend direction, and also could be a trailing stop setter. I use it as a gauge on MTF settings. If on, you can look at the bar cycle of the...
With this support and resistance indicator, if you want more levels just change the timeframe it looks at in the settings. It will pull the SR levels off the timeframe specified in the settings. Note: SR1 and SR2 timeframe should match.
Seismic Market Spike Detector v1.0 This indicator helps identify spikes in market activity , typified by bars with extreme open / close or high / low prices. This indicator plots 2 lines. The Blue line simply depicts extreme price movements with in that bar regardless of the initial opening price of the closing price of the bar. This allows you to get an...