DepthHouse Envelope Oscillator is designed to show dynamic support and resistance, along with possible over extension.
The indicator has two main functions. The Standard function (top) and the Shifted function (bottom).
The Standard Function:
The oscillators outermost edges represent dynamic support and resistance. These points can often represent excellent...
All moving averages adapt to different time frames preserving their functionalities. Blue one is either support or resistance depending on the situation. Orange is the trend indicator. Third moving average alternates between red and green depending on crossing over/under the blue moving average. Threshold is in pips and sets the amount of pips three moving...
Here is the lazy person's Fibonacci retracement drawing machine. Keep the bars in range pretty big, but you can play around and see what it does. If too small, it gets in your way, and If oversized, your retracements will not properly work upward and downward according to action. So, if you notice that it's always retracing the same direction, then lower the...
Simple support and resistance areas. The threshold parameter determines the sensibility. It works better if volume data is good.
Remember to refresh the script once in awhile when applied to lower resolutions.
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