Based on the criteria described in the book "Mean Revision Trading" by Nishant Pant. Bullish signal criteria: Bollinger Bands must be outside Keltner Channel Price near bottom bband DI+ increasing DI- decreasing RSI near bottom and increasing Bearish signal criteria: Bollinger Bands must be outside Keltner Channel Price near upper bband DI+...
Description: The Z-Score indicator is a powerful tool for assessing the relative position of a financial instrument's current price compared to its historical price data. It calculates the Z-Score, which is a statistical measure of how many standard deviations an asset's current price is away from its historical mean. This can help traders identify overbought and...
SuperTrend is one of the most common ATR based trailing stop indicators. The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. In this version you can change the ATR calculation method from the settings. Default method is RMA, when the...
This indicator is a multi-timeframe indicator that works in any timeframe. It takes a price reading of the highest or lowest bar in the past based on Fibonacci numbers and plots it. In addition, the RSI smoothed by a 5-day moving average can be used to detect signs that previous highs or lows will be reached in advance. This gives insight into determining...
NinjaTrader is a popular charting software widely used for trading analysis and execution in financial markets such as stocks, futures, and forex. It provides rich features and tools to assist traders in technical analysis, trade strategy development, and trade execution. When I discovered a built-in channel technical indicator in NinjaTrader and became interested...
The Market Facilitation Index (MFI) is a technical indicator that measures the ease with which the market is able to move based on the volume traded. It was developed by Dr. Bill Williams as part of his trading system. The MFI is calculated by taking into account the difference between the current typical price (average of high, low, and close) and the previous...
The script shows the opening range of the instrument based on different resolutions and timeframes. Inputs : 1. Resolution It decides the calculation frequency of the script. In Auto resolution, Standard values have been used. 2. Timeframe It decides the timeframe for the OHLC values. By default, it will use the chart timeframe and so chart OHLC values. 3....
This indicator tracks the 52W High and Low of any script and provides a visual interpretation of the stock price movement. It can be used as a quick tracking indicator for trading stocks / ETFs at their 52W Low. A typical strategy will include buying such stocks at 52W Low and selling at 52W High.
Born4Trade : Here we collect the Intraday HIGH and LOW and it's divided by 2 and 3 parts, Which gives an edge to trade.
The "Fibonacci Ranges" indicator combines Fibonacci ratio-derived ranges (channels), together with a Fibonacci pattern of the latest swing high/low. 🔶 USAGE The indicator draws real-time ranges based on Fibonacci ratios as well as retracements. Breakouts from a Fibonacci Channel are also indicated by labels, indicating a potential reversal. Each...
Zero Lag Hull Moving Average (ZLHMA) is a technical indicator that is based on the principles of Zero Lag Hull Moving Average (HMA). It is designed to provide a smoother and more accurate representation of price trends by reducing lag and improving the responsiveness of the moving average line. Compared to traditional moving average lines, the Zero Lag Hull...
The "Momentum Channelbands" is indicator that measures and displays an asset's momentum. It includes options to calculate Bollinger Bands and Donchian Channels around the momentum. Users can customize settings for a comprehensive view of momentum-related insights. This tool helps assess trend strength, identify overbought/oversold conditions, and pinpoint...
The Percentage Range Consolidation histogram is a measure of volatility, ranking current price range compared to past ranges. 🟩 USAGE Here there are 2 heavy contractions of price shown on chart that lead to a big rally. Shows a possible way to approach trading this. Take into account that this is for illustration purposes only and these entry methods...
The Relational Quadratic Kernel Channel (RQK-Channel-V) is designed to provide more valuable potential price extremes or continuation points in the price trend. Example: Usage: Lookback Window: Adjust the "Lookback Window" parameter to control the number of previous bars considered when calculating the Rational Quadratic Estimate. Longer windows capture...
Range Filter indicator based on the LuxAlgo Nadaraya-Watson Envelope () indicator adding the SMA 30 high and SMA 7 low to predict the changes of the trends lines price. WARNING: This indicator, as the same as the original, repaints the chart and could affect the exact values of the prices. SMA Low 7 was identified using tensorflowJS years ago as accurate and...
*Updated with Version 5* ATR Clouds The "ATR Clouds" indicator provides a visual representation of the stock's volatility based on the Average True Range (ATR) calculation. It operates by plotting two bands around the closing price of a stock, using the ATR as a measure of volatility. Features: ATR Calculation: The Average True Range is a commonly used metric...
This is an experimental script, that plots 24 VWAPs, each starting at a new hour and lasting for 24hours. After using session anchored VWAPs i kept wondering if the price reacts to VWAPs that begin at periods lower than sessions. Color of each VWAP changes upon crossovers of the following VWAP, giving us an understanding of trends and whether we're trading with...
This tool allows you to quickly identify the macro and micro trend's direction and enter and exit position at a more favorable price. When the pink lines are angled up you should look for a long position and enter only when the candles are colored green. And when the pink lines are angled down you should look for a short position and enter only when the candles...