Drive Green above Red -> Up. Red above Green -> Down. Periods that seem useful are 4, 16, 128. Value is calculated as follows: Up (Green) = ((High – Open) + (Close – Low))/2, averaged for the selected period; Down (Red) = ((Open – Low) + (High – Close))/2, averaged for the selected period.
Kagi Charts The Kagi Charts are supposed to appear in 70s of the 20th century, at the first stage of Japanese stock market development. The Kagi Charts represent a series of interconnected vertical lines. The thickness and increment direction of these lines are determined by the price dynamics. The Kagi Charts do not consider the…
Renko Charts The Renko charting method is thought to have acquired its name from “renga” which is the Japanese word for bricks. Renko charts are similar to Three Line Break charts except that in a Renko chart, a line (or “brick” as they’re called) is drawn in the direction of the prior move only if…
Three Line Break Three-line break charts represent a raw of vertical rectangle, the height of which is determined by the value of price changes. These charts – like Kagi, P&F, Renko – do not consider time factor. This graphical method is named after the number of lines usually used to register a break. Three-line break…
Market Profile The Market Profile was developed by Peter Steidlmayer. He discovered a natural show of the market (the volume) and represented it in such a way (a bell-shaped curve) that the objective information generated by the market can be read. The Market Profile uses alternative presentation of information about both horizontal and vertical market…
WPRfast WPRfast is an indicator based on Larry Williams’ oscillator %R, or WPR (Williams’ Percent Range). It shows a short-term market tone. If there are red dashes drawn in the hystogram, the Bear mood prevails. If they are blue, the Bull mood does. The WPRfast indicator is used together with the WPRSlow indicator. It is…
WPRslow WPRslow is an indicator based on Larry Williams’ oscillator %R, or WPR (Williams’ Percent Range). It shows a long-term market tone. If there are red dashes drawn in the hystogram, the Bear mood prevails. If they are blue, the Bull mood does. The WPRslow indicator is used together with the WPRfast indicator. It is…
SHI Channel true Indicator SHI_Channel_true shows Barishpolts’ dynamic moving channels in the chart in automated mode. The indicator finds the neares (in terms of time) fractal in history, searches for the next one, and connects them with a line. Then it draws a parallel line on the maximal fractal on the opposite side. Then it…
NRTR WATR Being one of indicators of group NRTR (Nick Rypock Trailing Reverse), the NRTR WATR indicator is a dynamic price channel adapted by volatility. The NRTR WATR represents blue and red cubes that show the stop level. They can also be used as break-through alerts. If the price breaks through a level, it is…