Forex Insight Pro 4.0Forex Insight Pro 4.0 for TradingView gives you abilities to see the stories hiding in the graphs of markets. It marks and reminds you about important parameters that are happening on the graph so that you will not forget to consider before placing orders. These parameter include:
Helps you count cc(x) that compares the close price of the last bar to that of x-1 bar earlier (the right most bar and the left most bar of x consecutive bars). It marks a number above the price bar if the close of the right is higher and mark a number below the price bar if the close of the right is lower. A sequence of consecutive numbers from cc(x) counting of x=5 below the price bars up to count number 9 will show exhaustion of downtrend and the highest price among these 9 bars will set a cc(5) resistance line. A sequence of consecutive numbers from cc(x) counting of x=5 above the price bars up to count number 9 will show exhaustion of uptrend and the lowest price among these 9 bars will set a cc(5) support line. Both cc(5) support and resistance lines are often respected by the price actions as reversal levels.
Helps you to notice increment / decrement of Middle line of the Bollinger band indicator or increment/decrement of MACD indicator in colors. The normal Bollinger band indicator will have the gray middle line. You can set its color to blue/pink to reflect increasing/decreasing value of the Bollinger middle line or set its color to lime/red to reflect increasing/decreasing MACD value.
Helps you to notice RSI value when it comes back down from overbought condition by printing "RSI-Dn" above the price bar or when it comes back up from oversold condition by printing "RSI-Up" below the price bar.
Helps you to notice the crossing of MACD line and its smoothing Signal line by printing "MACD > Sig" below the price bar if the MACD line crosses above the Signal line and printing "MACD < Sig" above the price bar if the MACD line crosses below the Signal line. Crossing of MACD and Signal lines could be used as warning signs that the reversal of the price trend might follow in the near future.d as warning signs that the reversal of the price trend might follow in the near future.
Helps you to notice the crossing of MACD line between the positive and negative zones by printing "MACD > 0" below the price bar if the MACD line changes to positive region and printing "MACD < 0" above the price bar if the MACD line crosses into the negative region. Changing the sign of MACD value could be used as warning signs that the reversal of the price trend might follow in the near future.
Helps you to notice the crossing of the fast simple moving average line and slow simple moving average line by printing "F > S" below the price bar if the fast SMA line crosses above the slow SMA line and printing "F < S" above the price bar if the fast SMA line crosses below the slow SMA line. Crossings of fast and slow SMA often indicate reversal of the price trends. the price bar if the fast SMA line crosses below the slow SMA line. Crossings of fast and slow SMA often indicate reversal of the price trends.
Helps you to label the Local Maximum and Local Minimum bars. If the high price of the middle bar inside a group of 3 bars is higher than its left and right neighbors, the label "Max" is printed above that middle price bar. Similarly, the label "Min" is printed below that middle price bar if the low price of it inside a group of 3 bars is lower than those of its left and right neighbors. Local Maximum and Minimum helps a lot in drawing the most recent supply and demand lines in which the price may breakout from.
Helps you to label "C75" to the price bars that close at or above 75% of their own range and label "C25" to the price bars that close at or below 25% of their ow n range. A C75 bar is often followed by an uptrend while a C25 is often followed by a downtrend.
Helps you to see the highest and lowest prices of the previous day. These levels are very important for M and W trading in the time frame smaller than daily graph since both intraday double top and double bottom pattern often appear around the previous day's high and low prices.
Helps you to see the time periods of business hours for people working in the financial markets in Asia, Lodon, and New York. The market prices are active and often provide high opportunities for making profits during these time periods.
Parameters of features in the above list could be changed, or turned on/off easily in the input options of Forex Insight Pro 4.0 custom indicator.
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The source code of Forex Insight Pro 4.0 custom indicator is protected.
Only invited TradingView members can apply this indicator to their forex, crypto currency and stock price charts.
Lifetime invitation is for 100 USD with free future upgrade and online support.
Rental invitation is for 10 USD/month.
Paypal, bank transfer and Bitcoin payments are welcome.
The author (DrGraph or Nimit Chomnawang, PhD) can be contacted with his TradingView handle.
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How to install the script:
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*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Open a new chart and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "Forex Insight Pro 4.0".
*Right click anywhere on the graph, choose "Settings".
*In "Style" tab, choose the Dark Theme.
*In "Background" tab, uncheck "Indicator Arguments" and "Indicator Values".
*In "Timezone/Sessions" tab, choose Time Zone = Exchange or your time zone.
*At the bottom of settings window, click on "Template", "SaveAs...", then name this theme of graph setting for future call up such as "Forex Insight Pro".
*Click OK.
For free TradingView plan, you can add two more indicators to the chart. That means you may add RSI or MACD indicators with same parameters as those setup in Forex Insight Pro and Volume indicator to your graph. DrGraph regularly publish his educational idea on using features provided in Forex Insight Pro for profitable investments. You can follow him for how to use the tools.
