So what is this ?
This is a super trend just look different
the entery and exit of the regular super trend that we all know are mark by blue cross =entry, red cross= exit
the oscillator entry point are marked by blue and red circles
in this way we can enter more early and exit more early as we can use combination of either to find best spots
alerts included for each
So how to use this shit ?
1. we have the orange line and the lime line (they represent strongest resistance =orange, support=lime)
2. we use harmonic pattern to make prediction , blue lines are weak prediction direction and black one is the strongest prediction direction
3. so the black line show us where the trend go by the harmonic pattern
This strategy is used as a benchmark to see how it compares with other strategies posted by me recently. In all, the below collection of candlestick patterns appears to be one of the best among the ones that can be found here, imho.
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This present script is an evolution of the TMA bands. I would never have expected that script to become so popular to be honest
This is not only a study or idea but a really proven...
the eliminator removes weak trends (flags) - USE ASHI CANDLES
understand how it works before applying it to your favorite security.
the PVT adds a strength number to each bar,
in the settings the current strength number will remove any signals under that strength.
wtioil 5 mins
alert once per bar (possible...
I have recreated a trend following indicator published in IFTA Journal by Bharat Jhunjhunwala. It is mainly to be traded on big timeframes.
For anyone looking into the indicators please have in the source below where logic behing the indicator is nicely explained.
The only thing I added is a T3 moving...
This is my mod of a wonderful script by alexgrover. See his comprehensive description of the logic behind the script at his page at .
Added are labels, alerts and selection of periods among (mainly;)) fibo numbers.
Despite I am not a big fan of Renko I spent some time to solve a common problem of chart type identification using absolutely obvious technique: Renko bricks have the same size. That's all. Not a cutting-edge maths.
This tool allows to identify:
ATR Renko charts (see ^)
Traditional Renko charts
Here is example for Traditional...
The script allows you to test popular candlestick patterns on various instruments and timeframes. In addition, you can configure risk management (if the value is zero, it means the function is disabled), and you can also specify the time of the trading session (for example, so that the positions are not transferred to the next day).
The author is grateful to...
In The first version the fibs were done by SMA fibs, In this version the line are correlated to the real pivots or fib level whichever you choose
so it a different way to look on the movment of fibs and pivots by time and to see the real support or resistance level
support are in blue , resistance in red, black line is median
This is an experiment I did a while back ago.
I often think On Balance Volume is a great indicator as trend direction and volume cannot lie.
However, I bumped into a few problems.
It is slow, doesn't show volatility and often time it is prone to chop.
That's why I added ATR to the equation.
Original OBV calculation
src > 0? : +volume : src < 0?...