Here is a simple code snippet which could benefit pure price action based day traders who monitors Breakout(BO) and Breakout failures(BOF) at lower timeframes. It also helps traders who want to study how the price behaves near to the previous day OHLC(open,high,low,close) values.
Here is a simple and modified version of Stochastic Momentum oscillator in color coded histogram format. If you understand Stochastic Momentum Oscillator values ranges between +100 to -100. And Generally takes median of High and Low as input. Whereas in the modified version we changed the inputs to median of High, Low and Close. And also the modified version of Stochastic Momentum oscillator has two lookback periods instead of two.
Laguerre PPO Oscillator is just the translated Tradingview Pinescript indicator from theLark’s Laguerre PPO. We very well know that Lauggerre RSI is from the John Ehlers library and Price Percentage Oscillator (PPO) is a classical momentum oscillator. So Laguerre PPO is nothing but a fusion between Laugerre RSI and PPO Oscillator.
Here is an interesting trading system i would like to share. Generally people use Camarilla as Pivot Point levels for their intraday trading. How about using Camarilla Pivot as Trailing Stop for positional trading. We build this interesting trading system (Prototype) using the concept limit order backtesting. It is a simple long/short breakout trading system with no optimization variables.
Sentimental Dashboard is added in our live charting section (NSESignals and MCX Signals Section) to measure the strength in the market. Sentimental Dashboard shows 8 historical values for Multiple Timeframes like 15min, Hourly and Daily). And the reading ranges between 0-100. The right most meter indicates the most recent value.
TCS Daily Chart Here is a simple code snippet to check for Gaps in the charts especially in the Daily and Weekly Charts. It looks for gaps which are opens out of the previous candle range and colors with yellow bar. It provides once shot visual access to check whether a the gap is […]
Range Bar Charts takes only price into consideration and removes time element from the candle which helps a trader to get a edge during the volatility season(sideways market). Typical Candlestick charts uses time as a factor (5min, 30min, hourly charts etc) where the sideways markets creates lots of noise in our trading systems and most of the time end up with too many whipsaws.