Description: Convolution indicators aim to identify a major reversal in the price direction so that one can trade the market primarily in the direction of the ensuing trend, as described in the Cycle Analytics for Traders, by John F. Ehlers pg. 165. The notion is based on the concept of the two price segments are perfectly correlated (cross-correlated) that...
Hi Traders.. This is one of Gann's trading method, called Price & Time Squared. When price & time meets, price will reverse." as you see, those lines (past & future) represent the forecast of 'potential' swing (swing high/low or turning up/ down) here are some examples: Weekly Daily H1 M30 M15 M5 How to trade (very...
The following indicator automatically calculates and shows the Round Levels
Detecting Support and Resistance Levels Description: Support & Resistance levels are essential for every trader to define the decision points of the markets. If you are long and the market falls below the previous support level, you most probably have got the wrong position and better exit. This script uses the first and second deviation of a curve to find the...
Momentum Dynamic & Flow (Expo) is a useful indicator that displays the momentum - as dynamic & flow, as well as where the momentum begins to stall. ♢ Momentum -Dynamic can be used to identify overbought and oversold areas. ♢ Momentum -Flow can be used to identify if the current trend has strong momentum. ♢ When momentum begins to stall it can be identifiable...
Simple indicator showing the support and resistance on Daily, Weekly and Monthly time frames no matter what time frame you're currently on by highlighting the highest and lowest points on each over the last 34 bars. Daily support and resistance are coloured green. support and resistance are coloured yellow. Monthly support and resistance are coloured red. For...
In the Spirit of '76 commemorating this day on July 4th, this is my third indicator released using Pine Script version 4.0, something I contributed to often in a small role, and will continue to do, in my free time. Without revealing my American secret sauce ingenuity excessively, this indicator uses a high performance momentum algorithm that blows most momentum...
Support/Resistance bars based on previous pivot points (no repainting) with added filters. Looking at potential improvements. Updates to come.
Pivot Points High Low Extension See Also: - A Simple 1-2-3 Method for Trading Forex - The Classic 1-2-3 Pattern: An Underestimated Powerhouse - Bulkowski's 1-2-3 Trend Change