Volume Scale by Price (VSP) show volume of bar in y-axis (price-axis) with options below: 1. Number of histogram * Number of histogram = 0 => do not plot volume histogram * Number of histogram = 1 => plot volume of 21 lasted bar (bar to bar ) * Number of histogram = 2 => plot volume of 21 bar next histogram 1 (bar to bar ) 2. Line width * Columns width of...
Bias And Sentiment Strength (BASS) Indicator is designed to be a quick visualization as to the market strength. Pair with Alligator, MACD, or Moving Average lines on your chart for good results. How to use this indicator: Blue above 0 is positive sentiment, red below 0 is negative sentiment. If you have blue above and red below, be cautious! The Bass is telling...
CONGESTION INDEX Market movements can be characterized by two distinct types or phases. In the first, the market shows trending movements which have a directional bias over a period of time. The second type of market behavior is periodic or cyclic motion, where the market shows no consistent directional bias and trades between two levels. This type of market...
Hello traders This is an upgraded version of my Dollar Cost Average (Data Window) script 1 - What is Dollar-Cost Averaging ( DCA )? Dollar-Cost Averaging is a strategy that allows an investor to buy the same dollar amount of investment at regular intervals. The purchases occur regardless of the asset's price. I hope you're hungry because that one is a...
This is a multi-timeframe version of our Volatility Stop , an ATR-based trend detector that can be used as a stop. ► Timeframe selection The higher timeframe can be selected using 3 different ways: • By steps (60 min., 1D, 3D, 1W, 1M, 1Y). • As a multiple of the current chart's resolution, which can be fractional, so 3.5 will work. • Fixed. Note that you can...
The original problem: The choppiness index is great at finding ranging markets, but it is sometimes very slow, which means most of the time it only catches the end of a trend. This indicator tries to solve this. It uses the choppiness index and filters it using a factor that is based on the standard deviation of the ATR. The ATR based filter is calculated by...
The Grover Llorens Activator is a trailing stop indicator deeply inspired by the parabolic SAR indicator, and aim to provide early exit points and reversal detection. The indicator was posted not so long ago, you can find it here : Today a strategy using the indicator is proposed, and its profitability is analyzed on 3 different markets with the main time frame...
Example how to set the time range window to be backtested for both entries and exits. Additional examples are also included showing how to set the date range and toggle plot visibility. By incorporating this code with your own strategy's logic, it will allow you to backtest various time windows. Much gratitude to @LucF and @a.tesla2018 for help with including...
New Indicator from John F. Ehlers issued in the February 2020 Technical Analysis of Stocks and Commodities article "Reflex: A New Zero-Lag Indicator" This indicator includes both studies described in the article and intend to significantly reduce the lag of the signal compared to other oscillators. Reflex for the cycle component and is more sensitive to major...
Hot off the press, I present this NEW "Reflex Oscillator" employing PSv4.0, originally formulated by Dr. John Ehlers for TASC - February 2020 Traders Tips. John Ehlers might describe it's novel characteristics as being a reversal sensitive near zero-lag averaging indicator retaining the CYCLE component. Also, I would add that irregardless of the sampling interval,...
Hot off the press, I present this NEW "TrendFlex Oscillator" employing PSv4.0, originally formulated by Dr. John Ehlers for TASC - February 2020 Traders Tips. John Ehlers might describe it's novel characteristics as being a reversal sensitive near zero-lag averaging indicator retaining the TREND component. Also, I would add that irregardless of the sampling...
The Volume RSI (Relative Strength Index) is quite similar to the price based RSI with difference that up-volume and down-volume are used in the RSI formula instead changes in price. If price RSI shows relation between up-moves and down-moves within an analyzed period of time by revealing which moves are stronger, the Volume RSI indicator shows the relation between...
Introduction The support and resistance methodology remain the most used one in technical analysis, this is mainly due to its simplicity, and unlike lots of techniques used in technical analysis support and resistances have a certain logic, price can sometimes appear moving into a channel, support and resistances allow the trader to estimate such channel and...
Introduction At the start of 2019 i published my first post "Approximating A Least Square Moving Average In Pine", who aimed to provide alternatives calculation of the least squares moving average (LSMA), a moving average who aim to estimate the underlying trend in the price without excessive lag. The LSMA has the form of a linear regression ax + b where x ...
Time Series Lag Reduction Filter by Cryptorhythms Description A little filter to reduce lag on any time series data. Here we use an EMA to demonstrate how it works, but you could use it in many different ways/appications. This method can cause overshoot if you get too aggressive with the "lagReduce" setting. In this case lower the lagReduce variable. 👍 We...