Wednesday, November 30, 2016

Trend Pullback Reversal TPR indicator for NinjaTrader NT8 with new features

The TPR(Trend Pullback Reversal) indicator forms a possible price trend with Pullback and Reversal signals.
The NT8 version comes with a unqiue band and center line as additional features.
TPR works on all timeframes and all symbols and all type of bar chart.
TPR never repaints.
There are 4 Parameters:
  1. Period: umber of bars used for calculations
  2. Factor: Multiplier factor, small number for short trend, large number for long trend
  3. ShowSignal: enable to show the signal dots
  4. ShowBand: enable to show band and center line



  




















You may think it looks like supertrend or braintrend, right?
Actually, most trend indicators have similar plot, the differences are where and when they give signals.
Unlike other trend indicators, TPR will focus on main trend and filter out most minor price movements. The green cross-line represents an uptrend, the red cross-line represents a downtrend and the blue dots are signals for possible reversals.
The additional band and center line may look like bollinger band, but the TPR band algorithm is completely different from bollingerband. There is no standard deviation in TPR band calculation.
The following image is a comparision of TPR and BOLL.
 
































The TPR band gives a possible range of the TPR movement, if TPR is outside of the band for many bars or far away from the band, it could be a sign of trend reversal.

The chart below is an example of TPR outside of band.





You can see how TPR reacts to price movement from the following images.
The orange and cyan dots give possible reversal signals.

































The following image shows where you can find the TPR column in Market Analyzer.



It will display "Up trend start" if current bar is the first bar that turns into up trend.
It will display "Down trend start" if current bar is the first bar that turns into down trend.
Otherwise, it will display "Up trend" or "down trend" in corresponding indicator status.





For more screenshots please visit:  https://t.co/JQacXoMsNG

VIP price is $79. This is 1 year license, you will get both NT7 and NT8 version with the purchase. 
Trend Pullback Reversal TPR indicator for NinjaTrader NT8
Trend Pullback Reversal TPR indicator for NinjaTrader NT7

Saturday, November 26, 2016

Swing high low support & resistance indicator for Tradingview

 Get it for free: https://www.tradingview.com/script/RQnLfaNE-Swing-high-low-support-resistance-by-Patternsmart-com/


The Swing indicator will plot dot lines that represent the swing points based on the swing length input(number of bars to the left and right of the swing point).

Swing highs and lows can be used by traders to identify possible areas of support and resistance , which can then be used to determine optimal positions for stop-loss or profit target orders. If an indicator fails to create a new swing high while the price of the security does reach a new high, there is a divergence between price and indicator, which could be a signal that the trend is reversing.

Swing highs and swing lows are earlier market turning points. Hence, they are natural choices for projecting support and resistance levels. Every swing point is a potential support or resistance level. However, for effective trading, focus on major swing highs and lows.

Reverse Engineering MACD for Tradingview

snapshot

The Reverse Engineering MACD study is a trend following indicator based on analysis of MACD ( Moving Average Convergence/Divergence) changes. This indicator consists of three main plots: PMACDeq, PMACDlevel, and PMACDsignal.

PMACDeq plot represents price of the current bar at which its MACD value would be equal to the previous one. PMACDlevel plot represents price of the current bar at which its MACD value would be equal to the specified one. PMACDsignal plot represents the price of the current bar at which its MACD value would be equal to its average .

These three plots are accompanied with an auxiliary plot showing averaged values of PMACDeq. Note that the type of average is the same as the specified for MACD calculation.

Input Parameters:

price The price for which MACD is calculated.
fast length The number of bars used to calculate the fast moving average .
slow length The number of bars used to calculate the slow moving average .
macd length The number of bars used to calculate the moving average of MACD .
macd level MACD value used in PMACDlevel calculation.



It's free to use: https://www.tradingview.com/script/i7oBV2J5-Reverse-Engineering-MACD-by-Patternsmart-com/

HiLo high low bar chart type for Tradingview

This is the HiLo style bar type, it's a built-in chart type in some other platfomrs.

AMD: HiLo high low bar chart type, patternsmart.com

It's free at: https://www.tradingview.com/script/s6hFx2tp-HiLo-high-low-bar-chart-type-patternsmart-com/

Dinapoli MACD predictor indicator for tradingview

https://www.tradingview.com/i/EN11wHYc/


Dinapoli macd predictor is a trending indicator that give you not only what direction a forex pair is moving but also how volatile the price is. When the Forex market starts giving new max or minimum level values, the Dinapoli macd predictor follows the price trend direction and pullsup the level of quit from the currency market . Stops should be applied where they are for a purpose, and in that case, should not be changed.

The whole idea behind a practical trading plan is to keep it as simple as possible.

There are two main advantages to its use.

1. You are able to determine, one period ahead of time, what price will cause the MACD to turn from a buy to a sell or visa versa. It is a cousin to the Oscillator predictor. If you take a position you know right then and there, the exact price, the current and next (future) bar will need to achieve for the MACD to cross. You can also literally see the distance the market has to go, before your current position is either helped or hindered by the force of the next MACD cross. You can do this in all time frames, as the predictor updates in real time.

2. You are able to determine the "Dynamic Pressure" on the market by clearly observing price action with the MACD Predictor history, superimposed directly on the bar chart. Dynamic pressure refers to how the market reacts to buy and sell signals. If you get a 30 minute sell on the MACD and the market goes flat for example, you know right then and there that the next buy signal is apt to be a big winner! This was something I would regularly do with the standard DiNapoli MACD but now it is so much easier to see!


You can use this indicator for free, get it from: https://www.tradingview.com/script/EN11wHYc-Dinapoli-MACD-predictor-by-Patternsmart-com/



Monday, November 7, 2016

RSI divergence indicator special edition for Thinkorswim TOS


RSI divergence indicator package include:
  1. RSI divergence indicator special edition
    • The special edition contains two parts: a main chart and a lower chart with normal RSI plot. Both charts come with arrows to point out an occurrence of a divergence.
  2. RSI divergence special edition SCAN
    • This customized scanner will find all Positive/Negative (bearish/bullish) RSI Divergence based on your settings.
  3. RSI divergence special edition custom quote(watchlist column)
    • This custom quote will help you to quickly identify the RSI Divergence signals in the Watchlist. It will detect all Positive/Negative (bearish/bullish) RSI Divergence based on your settings.

Sometimes, there are too many divergence signals, and that is not a good thing for traders.  Hence, we developed this special edition package to help you pinpoint the most valuable signals.

Unlike the regular divergence indicator, this special edition used a unique algorithm to filter out some noises(minor divergence). You may only see one signal in six month on a daily chart.


You can get this indicator package at: RSI divergence indicator special edition for Thinkorswim TOS