Market Mover
Introducing the Market Mover Indicator, this indicator provides the trader with a buy and sell signal. The indicator is a basic oscillator that moves just like a stock. This indicator is unlike all the rest because it is not subject to noise and produces LESS false signals. This indicator truly shows the proper time to buy and sell a stock. Like most indicators if the time frame is as large as possible the indicator is more likely to be correct. Obviously there is no set way with using the indicator, every trader should make it there own.
BUY SIGNALS
When the indicator turns green, that is a buy signal. At this time, the stock is showing internal factors that are pointing to a reversal. The closer the indicator is to -1 or lower, the stronger the signal is. This means the more likely the stock is going to change directions. NOTE: The larger the time frame the stronger the reading. This can lead to a larger move that will take more time. Readings on smaller time frames (1 minute) can lead to false readings.
SELL SIGNALS
When the indicator turns red, that is a sell signal (or short signal). At this time, the stock is showing internal factors that are pointing to a reversal or pull back. The closer the indicator is to 1 or higher, the stronger the signal is. This means the more likely the stock is going to change directions. NOTE: The larger the time frame the stronger the reading. This can lead to a larger move that will take more time. Readings on smaller time frames (1 minute) can lead to false readings.
If you are interested in using contact marketmovesmatt@gmail.com!
BUY SIGNALS
When the indicator turns green, that is a buy signal. At this time, the stock is showing internal factors that are pointing to a reversal. The closer the indicator is to -1 or lower, the stronger the signal is. This means the more likely the stock is going to change directions. NOTE: The larger the time frame the stronger the reading. This can lead to a larger move that will take more time. Readings on smaller time frames (1 minute) can lead to false readings.
SELL SIGNALS
When the indicator turns red, that is a sell signal (or short signal). At this time, the stock is showing internal factors that are pointing to a reversal or pull back. The closer the indicator is to 1 or higher, the stronger the signal is. This means the more likely the stock is going to change directions. NOTE: The larger the time frame the stronger the reading. This can lead to a larger move that will take more time. Readings on smaller time frames (1 minute) can lead to false readings.
If you are interested in using contact marketmovesmatt@gmail.com!
版本注释:
This indicator plots extended readings that can lead to reversals or continuations. Be sure to check out the new update with divergence tracking !
版本注释:
This updates the script so it shows up on the bottom under the ticker.
版本注释:
We added a new feature to change the candle colors so traders do not have to reference the indicator at all times. We also added a histogram below to show the colors more find depth.
版本注释:
The latest update allows users to turn on signals for important indicator moments.
🟢 Bullish Zero line crosses: During this moment the histogram will turn green when the indicator turns from negative to positive. This is seen as the beginning of a possible bullish trend.
🔴 Bearish Zero Line Crosses: During this moment the histogram will turn red when the indicator turns from negative to positive. This is seen as the beginning of a possible bearish trend.
🔴 Exiting Overbought Conditions: During this moment the histogram will turn red when the indicator exits overbought conditions. This is seen as a possible end of the extreme bullish trend.
🟢Exiting Oversold Conditions: During this moment the histogram will turn green when the indicator exits oversold conditions. This is seen as a possible end of the extreme bearish trend.
If you would like to turn on these signals please double click the indicator and head to the settings section. The default value for this is off, so you need to choose which signals you would like. The name for these are "Zero Line Crosse" and "Overbought and Oversold Signals."
🟢 Bullish Zero line crosses: During this moment the histogram will turn green when the indicator turns from negative to positive. This is seen as the beginning of a possible bullish trend.
🔴 Bearish Zero Line Crosses: During this moment the histogram will turn red when the indicator turns from negative to positive. This is seen as the beginning of a possible bearish trend.
🔴 Exiting Overbought Conditions: During this moment the histogram will turn red when the indicator exits overbought conditions. This is seen as a possible end of the extreme bullish trend.
🟢Exiting Oversold Conditions: During this moment the histogram will turn green when the indicator exits oversold conditions. This is seen as a possible end of the extreme bearish trend.
If you would like to turn on these signals please double click the indicator and head to the settings section. The default value for this is off, so you need to choose which signals you would like. The name for these are "Zero Line Crosse" and "Overbought and Oversold Signals."
版本注释:
This latest update added a couple of new things:
🔁Sensitivity Inputs: for our zero line cross readings we added the ability to filter to receive more or less of these readings. This can help users adjust their indicator to the preferences needed.
Zero Line Bull/Bear Text: We added the ability for users to have text appear during the bullish and bearish moments for this reading.
Leaving Overbought/Oversold Conditions: We added the ability for users to have text appear during the bullish and bearish moments for this reading.
Please adjust these in your settings.
🔁Sensitivity Inputs: for our zero line cross readings we added the ability to filter to receive more or less of these readings. This can help users adjust their indicator to the preferences needed.
Zero Line Bull/Bear Text: We added the ability for users to have text appear during the bullish and bearish moments for this reading.
Leaving Overbought/Oversold Conditions: We added the ability for users to have text appear during the bullish and bearish moments for this reading.
Please adjust these in your settings.
版本注释:
Allow for alerts to be set for all the plotted conditions.
版本注释:
-----Stat Table Added! ------
We have added a stat table that allows traders to easily see the Market Mover and zero line readings across multiple time frames. This saves traders time not having to flip through different time frames or have multiple time frames on the chart at once.
-----Market Mover Readings------
The MM column for the table refers to the Market Mover Color for the specified time frame. This should allow trades to know at a quick glance how extended a stock may be on any time frame.
-----Zero Line Readings------
The Zero column for the table refers to whether the Market Mover is above or below the zero line for the specified time frame. When stocks are above the zero line this allows traders to know the market is bullish and below the zero line helps them know if the market is bearish. When multiple time frames are all over the zero line this is extremely bullish confirmation for a trade.
-----Confidence Score Added!------
This is very NEW in the works but will be thoroughly adjusted in the next couple months as the data comes in. This should give traders an instant gauge on how confident a bullish or bearish entry point in a trade is at the current moment.
-----ADD Added! ------
The ADD allows traders to know the internals of the index fund. This helps traders understand the underlying strength of the market as well as the direction of the internals. Which can result in better data for better decisions.
-----Settings Adjustments ------
When going into the indicator settings the trader will be able to adjust the time frame of their choice as well as turn off the stat table if needed. The different time frames will affect the bull/bear confidence score.
We have added a stat table that allows traders to easily see the Market Mover and zero line readings across multiple time frames. This saves traders time not having to flip through different time frames or have multiple time frames on the chart at once.
-----Market Mover Readings------
The MM column for the table refers to the Market Mover Color for the specified time frame. This should allow trades to know at a quick glance how extended a stock may be on any time frame.
-----Zero Line Readings------
The Zero column for the table refers to whether the Market Mover is above or below the zero line for the specified time frame. When stocks are above the zero line this allows traders to know the market is bullish and below the zero line helps them know if the market is bearish. When multiple time frames are all over the zero line this is extremely bullish confirmation for a trade.
-----Confidence Score Added!------
This is very NEW in the works but will be thoroughly adjusted in the next couple months as the data comes in. This should give traders an instant gauge on how confident a bullish or bearish entry point in a trade is at the current moment.
-----ADD Added! ------
The ADD allows traders to know the internals of the index fund. This helps traders understand the underlying strength of the market as well as the direction of the internals. Which can result in better data for better decisions.
-----Settings Adjustments ------
When going into the indicator settings the trader will be able to adjust the time frame of their choice as well as turn off the stat table if needed. The different time frames will affect the bull/bear confidence score.
版本注释:
Multi-time Frame Analysis Fix
版本注释:
light blue color change
版本注释:
Default for stat table is off.