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.
This script has below features > Option to choose the bar number for considering break out > Option to choose the targets based on the candle size > Option to choose the budget and based on that it will show the quantity to trade > SL is the candle range > Can use it in any time frame
The RP Breakout Shasthra indicator is designed to show custom breakout levels. There are many ORB (Opening range breakout) indicators which either take 9:15 as the default start time and the resolution is also fixed. There are many successful breakouts like 10:15 - 30mins breakout, 12:30 - 1 hour breakouts etc. So this indicator is designed to deliver you custom...
The RP Breakout Shasthra indicator is designed to show custom breakout levels. There are many ORB (Opening range breakout) indicators which either take 9:15 as the default start time and the resolution is also fixed. There are many successful breakouts like 10:15 - 30mins breakout, 12:30 - 1 hour breakouts etc. So this indicator is designed to deliver you custom...
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...
The indicator display the supports and resistances available. Breakout also are reported in case that not exists at least three resistances. Does print lines and labels with each identified data (S, R and BO).
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...
A pretty little indicator showing pivotal breakouts - that is, locating critical pivot points within price action, connecting the dots and trading the breakouts from this area! ----------- Useful for finding good entry levels, exit levels, areas of strong support/resistance and most importantly - the Breakout! Includes "Bars to the Left" variable so you can...
Signals when there is a breakout from the trading range(donchian channel up to 300 bars back).
Based on breakouts of the price this indicator also has filter with x bars after RSI overbought/oversell zones from settings. It also has alerts for LONG/SHORT signals with green/red arrows. Fits for any crypto/bonds/gold/forex markets. In script settings you can: 1) Signal lenght, 5 by default. 2) Enable/Disable filter to show signals only after RSI...
=========== Moving High & Low (2 Time Frames) =========== A simple line set indicator displaying the highs and lows of the previous selected timeframe upon a lower timeframe chart (2 line sets available). e.g. Displaying the Highs & Lows of the last week and/or month on the 1D chart ----------- Useful for 2 very different approaches to trading markets - ...
One of the most famous strategy in the history of trading, #Turtle strategy have numerous legends, one of them is using Donchian Price Channels with 55 period for entries and 20 period for exits. Can be used with any time frame Added alerts I added re-entries and re-exits for more scalps or for laddering trading. Also you can modify parameters for entries and...
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...
DAILY WEEKLY AND MONTHLY PREVIOUS LEVELS WITH MONTHLY AND WEEKLY BREAKOUT LEVELS
This is Indicator base on Custom Bar Breakout Indicator Feature You can also add alerts Long, Short, Long-side-exit, Short-side-exit you can Change Take profit Percentage In future, I will Enhance and update this Indicator if you have any suggestion Mention There Thank you :-)