Brief Description About Script It considers the change of price in the direction change of price is +Ve then considered as +Ve money flow -Ve then considered as -Ve money flow and it multplied by Volume change This Strategy works best with NIFTY For Scalping:- Settings:- 1 Min Candle Time Frame, Length 20 For Swing:- Setting:- 30 Min Candle Time Frame,...
This is a heiken ashi pivot based trailing stop for breakout entries and exits. It's possibly related to the Swing Index System by Welles Wilder or an alternative to it that I came up with, in case determining the swings on the Accumulative Swing Index is too much of a burden. It is believed that the ASI uses the calculation of heiken ashi in its formula. This...
One challenging issue for beginner traders is to differentiate market conditions, whether or not the current market is giving best possibility to stack profits, as earliest, in shortest time possible, or not. On intraday, we've seen some big actions by big banks are somewhat can be defined --or circling around-- by HMA 200 . I've been thinking on to make the...
™TradeChartist Ichimoku Trader is an elegant and functional breakouts trading indicator that generates trade signals based on two types of breakouts - True Ichimoku Kumo Breakouts and Ichimoku Trade Bands Breakouts, which can be further filtered using ™TradeChartist MA Visualizer and/or using an external Filter....
This can be perceived as modified 3 soldiers, relaxed NR4 or even extended harami candlestick pattern. Works for any instrument and any timeframe. The idea is to find out any number of candles having their individual highs and lows, all within high and low range of base candle. The count of soldiers and if they must be of same color, both can be...
Level: 2 Background Swing trading is a type of trading aimed at making short to medium term profits from a trading pair over a period of a few days to several weeks. Swing traders mainly use technical analysis to look for trading opportunities. In addition to analyzing price trends and patterns, these traders can also use fundamental analysis. Function L2...
This is a breakout system that has pivot swing lines and a trailing stop built in. Many people try to use different ways to find out what a swing point is such as, zig zags, lookbacks, fractals, hand-drawn chart lines, or other subjective indicators. This looks at the heiken ashi price to objectively find the swing pivots. Many would agree that the color changes...
If I ask you what moves the price, most of you will say the same old answer: Demand & Supply But who creates Demand & Supply? You or Me, the retailers? No. It is Big Institutions and Mutual Funds and Big Banks which create this demand and supply because the share of retailers in Stock Market is so little it does not affect the price in a big way. The Big...
2 agitated candles falling inside ATR range, awaiting possibly a big move. Buy / Sell signals at combined high / low can be used as order with other as stop loss. Counter trade, when this minimal stop loss is hit, is also as useful. However, wait till the SL candle closes, before opening position on the other side. Works quite well on 15 mins chart, with settings...
Magnetic Zones v1.1 Beta This is one of the most powerful and effective indicator which I personally use for Intraday. It works well for trending stocks and trending days. What are the Zones? The zones are basically Retracement and Reversal Zones. The price will take a halt at this zones. So it will be easy to take an entry. How to use? Labels: ...
Plot high and low of first candle from the current timeframe. The levels are adjusted automatically when the timeframe is changed. Trade breakout in either direction with other as a stop loss. Can be used for any instrument.
An indicator that determines the breakout of the standard deviation of volume over a certain period.
This script provides basic pivot point Support and Resistance Levels to the user whilst displaying Break signal tags. It also has the ability to let the user display more significant breaks by filtering using the Volume Oscillator. Only more significant breaks of these basic levels are displayed to the user when optimized which avoids noise and messy signals. It...
Hello All, First all of Thanks to Pine Team for adding Arrays to Pine! In this script I tried to make example for 1. Finding S/R lines using highest/lowest function 2. Using 1D array as 2D (we keep S/R levels and age) 3. "Age" usage for S/R levels, getting older on each candle and changing colors by their age (maximum age is 127 then it disappears) You can use...
Candle is considered breakout upon two conditions: 1. Volume is higher than volume ema. Input allows you to add markup so that you can check if volume > 10% more than EMA 2. Change from previous close or distance between open and close is greater than ATR Multiplier * ATR. Breakout color is based on whether the value of previous close is higher or lower than...
This study is based on several Price Action parameters of :- • Candle Pattern, • Supply Demands, • Support and Resistance , • Breakouts. ► How To Use This Study ? • Suitable Trade Session for this study 10:15 AM to 02:30 PM ( UTC +05:30) • Buy Whenever a Up Arrow Appears on Chart with text "TYPE: LE". • Sell Whenever a Down Arrow Appears on Chart with text "TYPE:...
Level: 1 Background A breakout refers to when the price of an asset moves above a resistance area or below a support area. Breakouts indicate that the price may be trending in the direction of the breakout. Function L1 Breakout Indicator utilizes highest() and lowest() functions to define breakout levels. Use ema() to draw a trade line to detect the distance to...
Experimental : This script identifies the consolidation of a stock for selected time period. The consolidation period and range can be configured. 2 levels of consolidation levels can be selected. i.e Strong and medium. The range for strong and medium level of consolidation can also be configured by the user. A movement in the direction of breakout of the...