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...
This is a twist on my on my Breakout Scalper strategy that limits trading to a user-configurable session Find the original "Continuous" version of the scalper here: The breakout scalper is based on "slow" and "fast" donchian periods. In this version, the "slow" donchian is in fact the Day's high/low. This important difference means that we will always be...
first draft of a breakout scalper which uses a fast and slow window sets up some entry stops and then a trailing exit stop. performs a manual close when going sideways.
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!
1. Find bar with the smallest narrow range for a chosen period. Use hvol for filter. 2. Place stop-order for long position at previous high and stop-order for short at previous low to catch breakout in any direction. 3. Take profit on the next bar.
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
EXPERIMENTAL: use at your own discretion. custom session breakout strategy, it uses a percentage of daily atr to set breakout limits. strategy only viable for intraday timeframes and is suggested under 1hour.
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...
This long only strategy determines the price of the last fractal top and enters a trade when the price breaks above the last fractal top. The strategy also calculates the average price of the last fractal tops to get the trend direction. The strategy exits the long trade, when the average of the fractal tops is falling (when the trend is lower highs as measured by...