The script shows arrows on bars that are in overbought or oversold, based on the set parameters of Relative Strength Index ( RSI ) and Relative Volatility Index (RVI).
Also there is a universal allert, which includes both conditions - overbought and oversold.
You can change the period of RSI and RVI, as well as the upper and lower boundaries of these indicators.
Triple Parabolic SAR scalping method must be used with a 5 minute chart. Look for the patterns that 3 bands overlap. Close deal within 4-5 pip profit or build your own style after getting comfortable with this technique and share your approach with us for maybe higher profits.
I had numerous requests and complains on why signals are only generated on larger time frames. (rarely 4hr and mostly daily and weekly time frames)
Now the sensitivity of signals generated can be manually adjusted to work on all time frames.
It is advisable to play around with the sensitivity on your favorite time frame to get a combination that works for you....
Hey all;
Been a while since I posted anything that didnt require approval to use -- so here is one that I really like
I call it 420_osc
essentially it is a volume weighted moving average cross that also take into account some log() filtering and some other cumulative summing
This also has a BBand shrinkage indicator (blue crosses at bottom) to see when the b...
Trend Follow script to be used across all market instruments and timeframes.
Now you can display long only, short only or both signals.
version 1.2 -> Only one signal per trend (default) or multiple entry signals per trend
version 1.1 -> White theme option added
Counter Trend script to be used across all market instruments and timeframes.
Now you can display long only, short only or both signals.
version 1.1 -> White theme option added
Trend Follow script to be used across all market instruments and timeframes.
Now you can display long only, short only or both signals.
version 1.1 -> White theme option added
The TPR(Trend Pullback Reversal) indicator forms a possible price trend with support and resistance lines. It also comes with a unqiue band and center line as additional features.
TPR works on all timeframes and all symbols and all type of bar chart.
TPR never repaints.
There are 4 Parameters:
Period: umber of bars used for calculations
Factor:...
I took /u/HarryPotter's interpretation of the Klinger Volume Oscillator, modified a few values in its calculation (as you can see the scale is much much smaller than in /u/harrypotter's version; I also performed an inverse fisher transform on it, and added some signal coloring.
I use this on pretty low time frames (3-5-15 min) with a demarker(13) for...
Thanks for your feedback in regard to the Magic Circles indicator. As a common question, Magic Circles indicator uses an ATR based trend indicator in conjunction with a Parabolic SAR indicator for creating signals. Blue is neutral. Green is buy and red is sell. A hollow green circle followed by a regular green indicates a strong buy while a hollow red circle...
