The Wave Scanner helps you make more informed decisions about when to buy and sell. This indicator operates on a series of inputs and global variable declarations. Based on the same parameters as the WAVE Indicator. It uses different parameters such as the closing price, Stochastic Momentum Index, and smoothing factors such as the EMA to calculate the...
The "3 Fib EMAs To Scalp Them All" was made in order to clear up when we should look for shorts, longs, or walk away. Also it can alert you when a trend starts, or when there is a possible reversal. I use it for scalping/day trading in 5m-1h timeframes. 1. EMAs: By default, the indicator uses Fibonacci numbers (21, 55, 233), but you can change them. 2. Color...
Intraday regulated markets move within their circuit range above or below which the market activity is halted. These levels are protected by the MM to accumulate or distribute. These levels are mostly same for all markets i.e. 2%, 4% , 5%, 10% and 20% of previous day close, crossing which the market activity halts. So, from here the expectation of turning or...
Intraday Indicator: #MRP_DAILY_LEVEL This indicator plots support and resistance levels based on fibonnaci levels. 1. Understanding The Levels: Intermediate Zone is two brown coloured lines. Resistance is two red coloured lines. Support is two green coloured lines. Buy target and Sell Target are white coloured lines on both sides. -Price is strong when it is...
Automatically apply Fibonnaci levels from the monthly h4 m30. This script includes resistance bands and support bands which are located at the low and high of the fibonnaci. When price is at resistance we sell and tp is the pivot and when its at support we buy and TP is the pivot. We dont trade inside the dead zone (pivot) which is between the .50 and 0.618. We...
A few updates to the previous post. In order to catch more exact points of TP and SL, the scrypt takes "high" as the source of SMA if the percentage is greater than 0 ( > 0), and "low" as the source when the given percentage is less than 0 ( < 0). So there are two basic SMA line ( one with "high", the other one with "low"), and the other lines would be results of...