Bounce Strength Indicator Bounce Strength Indicator (BSI) shows the strength of bounce according to the Wyckoff method. After a move higher, the stock moves into a flat consolidation with a clear support level. Chartists should watch the action closely as prices approach to support. A high volume surge off support, also known as a springboard,…
Reversal Navi This indicator shows the entry point coming after the reversal bar. I wanted to see a lot more of the entry point. So, I made this. Please use in combination with a filter (ADX, BSI, etc.). Display: blue/red mark — shows that the reversal has occurred; blue/red arrow — reversal bar; blue/red lines…
SpreadMIN The indicator is a histogram of the lowest/minimum spread only, given in a candle whilst the indicator has been running. Example scripts for placing buy or sell at the lowest spread are included. It is similar to other spread monitoring indicators. I wanted simple code and only the spread minimums to display because I…
Tango Line This indicator is a sharp turn to the dynamic change of direction. Like tango steps! It makes earlier entry possible. Display: tango line (pink line) — middle of the range, which was created after the reversal bar; band — high and low in the range.
Bounce Strength Indicator 2.0 with Tango Line Bounce Strength Indicator (BSI) shows the strength of bounce. It now works in trend and uses Tango Line calculations. There is no difference in the basic concept, but I tried to remake it from a different angle. I used the width of the range as a measure to measure (like…
Flag and Pennant patterns This indicator shows Flag and Pennant patterns. This pattern is seen as the market potentially just taking a “breather” after a big move before continuing its primary trend. Trend detection uses linear regression, “breather” detection uses channel. Display: Blue lines — Flag; Green lines — Pennant.
Wedge Pattern This indicator shows Wedge pattern (using ATR 3 LWMA). Display: Sea Green lines — Wedge Line; Yellow line — Trend Line; Gray dot line — standard deviations of the trend line. Settings:
ATR Values This indicator plots the values of the user-specified ATR period for all timeframes as a text block. The text block corner can be changed by the user.