Hello traders, This is a script I use daily as a scalper and it helps me a lot, maybe it can help you, this is why I am sharing it! PART 1 - DESCRIPTION This program is specifically designed to help scalpers but can be used for all types of trading but won't be as useful. This script is what I call an entry helper as it calculates dynamically the position size,...
This indicator uses bands to show the trend of other bands. The middle bands are used to show the price trend and the other bands are for the middle bands. The Spike and Plunge bands can also act as a sort of "Bollinger Bands" for middle bands, though not exactly. ----- HOW TO USE IT ----- Zoom out in the 30 minute chart. Use 15 minute chart to pinpoint your...
How do I use it? Never use this indicator as standalone trading signal, it should be used as confluence. When the price is above the moving average this shows the bullish trend is strong. When the price is below the moving average this shows the bearish trend is strong. When the moving average is purple, the trend is bullish, when it is gray, the trend is...
This indicator shows more reliable overbought & oversold levels buy combing 3 different level-indicators (i.e., indicators showing overbought/oversold levels). A median is created by adjoining two of them and then it is assisted by a third one. This reduces noise in calculating entries when using level indicators. Note: The extra indicator shown is "Bands Bands...
Midnight Open shows opening price of the first candle after New York Midnight. According to ICT, this is what IBPDA - Inter Bank Price Delivery Algorithm - sees as a true market opening and we should aim for shorts above it (sell for premium) and longs below it (buy at discount).
This indicator plots out the time periods and open lines as outlined in ICT's 2022 Mentorship and is designed specifically for the New York futures trading session. Time zone is set to GMT-4 (NY) by default but can be changed for accommodate daylight saving in the menu. Please note this indicator is to be used only on the 30min timeframe and below. Here are its...
This chart display how value change of (low,high,close,open) is considered as a factor for buying or selling. Each element take same weight when consider the final price. The price change over a certain threshold would be the decision point (buy/sell) Factors considered in this chart 1.Quotes: High,low,close,open,volume. If one of them higher than previous day,...
This indicator shows real-time current day-to-day performance of 18 different indices and commodities . Here is the list of different sector ETFs that this indicator tracks /////INDEX////// 1. BİST-100 - XU0100 - TR- Index 2. BİST-30 - XU030 - TR - Index 3. VİOP-30 - XU030D1! - Index 4. DJI - Dow Jones - Index 5. DAX - DAX Index 6. VIX - Volatilite S&P...
We took the original script Cumulative delta volume from LonesomeTheBlue, here is the link: To understand the CDV you can watch traders reality master class about CDV. This indicator show the ratio of vector color and the ratio of the cumulative delta volume from vector color. First you select a date range on the chart. Then it calculate all candles in that...
This indicator gives a visual representation of Dow Theory Price action based trend analysis and provides trader a table with 4 different timeframe to align with the trend. It will help traders identify if it is an ongoing Impulse Wave or a Corrective Wave. 3 rules for Bullish Price Action setup (Uptrend or continuation of existing UpTrend): Denoted by 'U' below...
hi there, fellows. this is a very simple and quite straightforward indicator. so far the simplest we've built. on what it does in regard to current chart and timeframe it plots a. Open - Close as a percentage of the Open (we regard open as more relevant than close, for as you can use latest estimates in current candle) in daily change coloring (so one may have...
The Master LTCBTC Network Value Model takes the following 6 network values for Litecoin. It compares them to Bitcoin's network values to determine a "fair" value based on Litecoin's network usage compared to Bitcoin's. Please apply on an LTCBTC chart. Use Black Background to view. This also includes an average of the 6 network metrics and is colored white with a...
The Master Litecoin Network Value Model takes the following 6 network values for Litecoin. It compares them to Bitcoin's network values to determine a "fair" value based on Litecoin's network usage compared to Bitcoin's. Please apply on an LTCUSD chart This also includes an average of the 6 network metrics and is colored white with a slightly large line width....
This is my attempt at smoothing the exponential moving average any its cousins. I literally just smoothed the source and alpha and this is what we got. I really like this because you get a nice smooth yet fast acting moving average that works better than a traditional simple moving average. This script also included directional alerts. Smooth EMA Smooth...
This indicator shows how much will the price need to go to fill its Average Daily Range based on the last 5 days (before today). 5-day ADR is used in concepts by ICT, Poltoratskiy and number of others. Generally speaking, we would like to enter when there is a lot of room for price movement. Outer lines are a full expansion. If the price moves only upside from...
This indicator shows how many Average Daily Ranges was covered in today's move. Average Daily Range is always calculated based on the last 5 previous days (before current day). Tables show: ► How many % of days exceed their ADR. ► How many days in a row did the range remain lower than 5 Day ADR ► How much is already covered by today's move. It is designed for...
Hello! This is simply HMA calculated with EMA's instead of WMA! I have added alerts for the direction of the average. Heres a recap the traditional HMA: The Hull Moving Average ( HMA ) attempts to minimize the lag of a traditional moving average while retaining the smoothness of the moving average line. Developed by Alan Hull in 2005, this indicator makes use of...
Select a zone to analyse the vectors. This screener show the ratio of the bullish and bearish candle vector and on volume. Slide the white bar to choose your sample size or you can enter the date. Click label to hide start calculation and end calculation. - Happy trading