This script is the same as Williams %R except that on green days we plot green and red on red days. If a bar opens and closes the same, we plot black.
based on indicator created by coinsheet.org created by autemox tells you when 9 candles in a row are green or red candles (this indicates price may be oversold or overbought)
A colorful take on the classic stochastic indicator, coded from scratch. Enjoy! :)
B3 Directional Trend Index ~ All about the trend! William Blau is the designer of this gem, and IMHO it is the best trend finder of all the lagging indicators out there I have tested. It is important to pay attention to the slope and thickness of the line, and its relationship to zero. A reversion to the zero may look momentous, but in fact it could reverse...
This is an implementation of the Stochastic Momentum Index from William Blau's his article in Stocks & Commodities . This also allows the use of various different kinds of moving averages for the signal line. Options for this argument are: sma (simple moving average) ema (exponential moving average) wma (weighted moving average) trima (triangular...
A simple strategy that use EMAs convergence/divergence and RSI peeks to take position. Fractals are really useful to positioning your stop loss. It works well on commodities and forex markets.
Stochastic Momentum Index (SMI) or Stoch MTM is used to find oversold and overbought zones. It also helps to figureout whether to enter short trade or long trade. Red Shade in the Top indicates that the stock is oversold and the Green shade in the bottom indicates overbought. Strategy: Enter Long once the Overbought Zone ended and there's a crossover...
HOW IT WORKS Creates two murrey math oscillators (hidden) one with 256 length another with 32 length and compare each other. WHAT GIVE ME THIS SCRIPT The script can give you very valuable information: - Main Trend - Pullbacks detections - Extreme overbought oversold prices alerts - Divergences - Any timeframe usage REFERENCES OF USAGE Main Trend...
Depending on the new trend - Fisher 100 crossing 0; Set an alert on each Long/Short "crossing down", 0.8 (or anything below 0.99), "on condition"
A CHANGE of background color indicates a trade opportunity : Cyan background = BUY Purple background = SELL The bullish signals seem to be better than the bearish ones. Based on the "Willy" indicator. Don't change the parameters unless you fully understand the consequences. Use with brains and caution :)