This script idea is designed to be used with 10pip brick (recommended) Renko charts. It combines the Renko price action with a directional coloured EMA (default length 6) and a RMI (instead of the usual RSI) indicator to provide entry and exit signals. RMI is bit like RSI with a built-in momentum factor and works well with Renko.
Signals can optionally be...
This indicator is designed to be used with the rules of Steven Hart's Aggressive Pullback Strategy. It is intended for use on the 4-hour timeframe of certain currency pairs, but will work on all timeframes and instruments. The rules are customizable, but the default settings are designed to reflect the rules of Steven's pullback strategy as closely as possible.
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Use this script to see the depths of corrections and also to see how long it has been since a correction.
I published this script because the last time the SNP has gone this long without a 5% correction was 1996 excluding bear markets of course.
NOTE: This script is a 2 in 1. In order to see correction depth only use the first 3 plot settings as...
This moving average is adjusted to give weight to the performance of the 6 largest Cryptocurrencies by market-cap: Bitcoin , Ethereum , Bitcoin Cash, Ripple, Litecoin, and Nem -0.95% Coin. The use of this indicator is to observe divergence between the price of the underlying asset (the crypto-currency you are interested in trading) and the rest of the...
Changes the solid colored candles based on the price action around the Arnaud Legoux Moving Average. Please modify / improve and share with the community.
This is an updated version of script created By ChrisMoody to use Daryl Guppy EMA's.
30-Aug-2017 Revisions by JustUncleL
Added Optional Alert Arrows
Added Alertcondition to generate signals for Alarm Subsystem.
Changed some default colours.
CMs Original script and details can be found here:
Companion to
This helps find the right levels by showing darker colors for the most prominent areas. So if you want to see if you can sneak in a buy at some little hump, you can tell how likely it'll be by whether it's super light (unlikely, you'll have to set the level to like 0.25) or super dark (very likely, could go as high as 1.0%).
This indicator shows a close approximation to what Gunbot would use in its GAIN and STEPGAIN strategies.
The middle two lines are the EMA(2h) and EMA(4h) lines. The inner two grey lines are BUYLVL2/SELLLVL2, the outer grey lines are just there to constrain the color bands. The green and red bands are indicators of where the candle has exceeded your setting and...
Everyone wants a short-term, fast trading trend that works without large
losses. That combination does not exist. But it is possible to have fast
trading trends in which one must get in or out of the market quickly, but
these have the distinct disadvantage of being whipsawed by market noise
when the market is volatile in a sideways trending market. During...
