Breakout color is based on whether the value of previous close is higher or lower than... Level: 1 direction change down The purpose of this script is to decipher chop zones from runs/movement/explosion Note: SR1 and SR2 timeframe should match. Background The idea is to find out any number of candles having their individual highs and lows, all within high and low range of base candle. Since volume is not taken into consideration when calculating Simple Moving Averages, we can gain valuable insights from the... High & Low Of Custom Session - OpeningRange Breakout (Expo) prints the high and the low of a custom session. It does not show on the timeframe higher than the length of custom opening session by default. brick up A breakout refers to when the price of an asset moves above a resistance area or below a support area. First I want to WARN THAT YOU NEED A MINIMUM OF 30X LEVERAGE FOR THIS STRATEGY IN ORDER TO WORK.

-Slow VWMA The chop is RSI movement between 40 and 60 -Fast Simple Moving Average(SMA) I use the indicator to trade the re-test of opening range (high/low) as well as breakouts from the opening range. Ticker Trading Ideas Educational Ideas … Can be used for any instrument. Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter THE REASON IS THAT THE SIZE IS CALCULATED BASED ON A VERY SHORT STOP LOSS LEVEL IN PIPS It's possibly related to the Swing Index System by Welles Wilder or an alternative to it that I came up with, in case determining the swings on the Accumulative Swing Index is too much of a burden. The time period of opening range & the max timeframe to display it on can be adjusted from the settings. Change from previous close or distance between open and close is greater than ATR Multiplier * ATR. This script provides basic pivot point Support and Resistance Levels to the user whilst displaying Break signal tags. It also has the ability to let the user display more significant breaks by filtering using the Volume Oscillator. What the indicator does is very simple. Breakout color is based on whether the value of previous close is higher or lower than... Level: 1 L1 Breakout Indicator utilizes highest() and lowest() functions to define breakout levels. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Breakouts indicate that the price may be trending in the direction of the breakout.

-Slow SMA 1. ***All Times are Based on New York Time today I would like to share an indicator that I had in my mind for quite some time.

It does not show on the timeframe higher than the length of custom opening session by default. -Slow SMA The count of soldiers and if they must be of same color, both can be... Level: 2 This... Hello, HOW TO USE Candle is considered breakout upon two conditions: Plot high and low of first candle from the current timeframe. L2... 2 agitated candles falling inside ATR range, awaiting possibly a big move. Comparing SMA's and VWMA's of the same length is a common trading tactic. So for eg. This script provides basic pivot point Support and Resistance Levels to the user whilst displaying Break signal tags. In addition to analyzing price trends and patterns, these traders can also use fundamental analysis. Just reset Indicator after Opening Range Completes. Also shows pivots based on brick reversals. direction change It also has the ability to let the user display more significant breaks by filtering using the Volume Oscillator. Can be used for any instrument. Input allows you to add markup so that you can check if volume > 10% more than EMA Tight chop bars are colored black, a series of black bars is tight consolidation and should explode imminently. This script plots the high/low of any custom session and extends it until the daily close. Background new brick The time period of opening range & the max timeframe to display it on can be adjusted from the settings. direction change down 1. First I want to WARN THAT YOU NEED A MINIMUM OF 30X LEVERAGE FOR THIS STRATEGY IN ORDER TO WORK. It's possibly related to the Swing Index System by Welles Wilder or an alternative to it that I came up with, in case determining the swings on the Accumulative Swing Index is too much of a burden.



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