Mokeji wrote: Fri Jan 24, 2025 6:37 pm
Funchi!
Could you be kind to add these good indicators? Thanks as always.
Volatility Quality NRP - Stridsman 2 indicator
How It Works
The Volatility Quality NRP - Stridsman 2 indicator uses a combination of:
Volatility levels: To measure the intensity of price movement.
Trend direction filters: To identify the likely direction of the market.
Thresholds: To distinguish between strong and weak market conditions.
The histogram values typically indicate:
Green bars: Positive volatility (bullish trend).
Red bars: Negative volatility (bearish trend).
Neutral (flat or small) bars: Low or unclear volatility (sideways market).
How to Use the Indicator
Trend Confirmation:
Use the histogram to confirm the direction of the trend. Enter trades when the histogram shows consistent green (buy) or red (sell) bars.
Volatility Breakouts:
Look for spikes in the histogram, which may indicate a breakout or the start of a strong move.
Multi-Timeframe Confluence:
Compare the current timeframe's signals with higher timeframes for stronger confirmation.
Alerts for Action:
Configure alerts for signal changes or threshold crossings to act on high-probability setups.
Forex Entry Point Indicator
How It Works
The Forex Entry Point Indicator typically uses a combination of:
- Moving Averages: To identify the overall trend direction.
- Volatility and Momentum: To determine the strength of market moves.
- Support and Resistance Levels: To validate entry points near key price zones.
The indicator analyzes price movements and generates signals when specific conditions are met:
How to Use the Indicator
- Buy Signal: Triggered when the market shows upward momentum, and the price aligns with the trend direction.
- Sell Signal: Triggered when downward momentum is detected, and the price aligns with a bearish trend.
1. Entry Points:
- Follow the buy/sell signals provided by the indicator.
2. Avoid Choppy Markets:
- The indicator performs best in trending markets.
Balance of market power nrp_alerts-0.3
How It Works
The Balance of Market Power (BoMP) formula compares the difference between closing and opening prices against the total price range (high to low) of a given candle. It’s expressed as:
BoMP=(Close−Open)(High−Low)BoMP = \frac{(Close - Open)}{(High - Low)}BoMP=(High−Low)(Close−Open)
This calculation determines the level of dominance exerted by buyers or sellers during the candle's formation:
- A positive BoMP value indicates buyers were in control.
- A negative BoMP value indicates sellers were in control.
- Near-zero values suggest indecision or balance between buyers and sellers.
How to Use the Indicator
1. Trend Confirmation:
- Look for consistent positive (bullish) or negative (bearish) histogram bars to confirm the market trend.
- Enter trades in the direction of the dominant market power.
2. Reversal Signals:
- Pay attention to shifts in the histogram from positive to negative or vice versa, as these may indicate potential trend reversals.
- Combine with support and resistance levels or candlestick patterns for stronger confirmation.
3. Divergence Detection:
- Spot divergences between price action and the BoMP histogram. For example:
Bullish Divergence: Price makes lower lows, but the BoMP histogram makes higher lows.
Bearish Divergence: Price makes higher highs, but the BoMP histogram makes lower highs.
4. Alerts for Signal Changes:
- Use the alert system to notify you of significant changes in buying or selling pressure, reducing the need for constant chart monitoring.