Trend Sniper is a trend-following indicator that sticks closer to the trend than others moving averages as it is using an upgraded weighted moving average implementation. OVERVIEW : It is typical to use a moving average indicator (SMA, EMA, WMA or TMA) to identify the trend of an asset. Standard moving averages indicators smooth the price and doesn’t stick...
Usage: The purpose of this indicator is to programmatically determine the type of price trend using technical analysis tools. You can do a quick check on the asset’s higher and lower time frames. For example, if you are trading on an H1 chart, you can check the m5 chart to ensure that the trend is in the same direction and similarly check the H4 chart to ensure...
I got the idea for a narrow Donchian Channel with a short lookback period which closely follows the price fluctuation in which the sides of the channel have a thickness according to the range of the last touching candle. Any channel, be it Donchian, Keltner, Bollinger Bands or Parallel, has an upside and a downside, touching the upside is a buy signal as this may...
The Stacked Moving Averages indicator lets you see if a ticker is in an uptrend, downtrend, or no trend based on the condition of the moving averages. If the moving averages are stacked such that MA1>MA2>MA3>MA4>MA5, then that is described as an uptrend. If the moving averages are stacked such that MA5>MA4>MA3>MA2>MA1, then that is defined as a downtrend. The...
this is in continuation with - previous trend screener i have published, In this code only downtrend screener is there ,This is type of custom screener I searched and made to screen bulk stocks any one can modify it, other may get help out of it. you can change or add new symbol in input section. in my code i have made defined and printed last close price when...
Useful for identifying and receiving alerts about uptrends and downtrends. This script uses two Exponential Moving Averages (EMAs) to find price uptrends and downtrends. An Exponential Moving Average (EMA) is a type of moving average that places a greater weight and significance on the most recent data points. The script produces uptrend and downtrend signals...
This is a simple strategy to take advantage of downtrends. It's useful to run such a strategy as a hedge in times of market uncertainty. The Sell Condition - Entry The sell signal triggers when: the coin has MA (100) greater than the price in a timeframe of 15 minutes, meaning that the coin is in a short-term downtrend. the coin has an RSI greater than...
This is a two stochastic in one indicator : We have a normal stochastic, and a slower one in order to identify changes in the price movement. At the same time I added more levels, so its easier visually to identify in each scenario we are. The slower oscillator, also change color based on direction it has. Green color = long direction - > buy Red color = ...
This is an improved version of the on balance volume indicator. I made it inside a bollinger band channel, so we can define better the zones. At the same time I applied 2 moving averages on OBV, to get a better idea of the trend and at same time that change direction of the trend. Green - > uptrend - > we look for buy positions Red - > downtrend -> we look for...
I took the normal CCI version and I made it better and more pleasantly visual. At the same time now the CCI changes color based on the direction is going to take We also have more levels, to define even better the current situation. Details are simple : green color cci = uptrend - > buy red color cci = downtrend - > sell
RSI is a momentum indicator, however most people seem to be using it to go against the momentum by trying to identify tops/bottoms using it. Its in my opinion the wrong way to be using it. It can be easily used for trend following which seems like a better use for it. Uptrend - RSI > 60 Downtrend - RSI < 40 Sideways - RSI between 40 and 60 If however not...
Basic EMA scalping strategy . HFX Short time frames, using candlestick patterns to find Exponential Moving Highs and Low to Indicate Active Trends
It's a simply volume indicator. You should watch for breaks on both volume uptrend and volume downtrend. It uses fibonacci numbers to build smoothed moving average of volume. Also you can check divergences for trend reversal and momentum loss.
The indicator is taken from Alexander Elders "Triple Screen System," minus using the Weekly MACD as a filter/trend. I believe waiting for the force index and the weekly MACD histogram to line-up is uber conservative and a trader will miss too many signals (In my opinion). The indicator is for a pullback trader. A trader that waits for a trend to develop then...
// The script is useful to inspect probability: // If previous day closed at lowest price for several days // how often next day would be red bar // As one can see gray lines indicate bars with lowest close. If next bar is green, increment diff_hi, overwise increment diff_lo // Probability is counted as diff_lo / (diff_hi+diff_lo) // One can copy script and...
This is a very simple trading system which is measuring the core of uptrends and downtrends using three basic elements: Close price, HL2 price, Pivot price. Depending if the uptrend or downtrend is strong, the buy/sell signals are shown in different colors. The stronger trends are in brighter colors (lime and fuchsia). If the trend just fully changed direction...
See the current trend strength of the market. An additional filter makes trend consolidation areas visible. The color changes there each bar back and forth between green and red. This area was interesting. Would have been a better example: If the filter is deactivated the indicator shows the last measured price trend (green for up and down for red).
Is It Uptrend or DownTrend? Are you lost? Follow the trend with CapnBands :)