Indicators / Strategies

2D Indicator

This innovative indicator creates a scatter-graph of multiple instruments, using common oscillator values (such as RSI, CCI, SSD, etc.) for their “X” (horizontal) and “Y” (vertical) coordinates.

The result is a constellation of points, which allows all the instruments to be viewed and compared together on a single chart, in a visually appealing and informative way. It allows the user to quickly assess which instruments are over-bought / over-sold, etc. without having to open multiple charts.


More information can be found here.

Better Candles

This simple indicator provides additional options for customizing the look of your candlestick charts on MarketScope.

It supports separate outline colour, fill colour, hollow/solid fill for up and down candles. Line thickness and candle body width can also be configured. Set it up how you like it, and add it to you default chart template for all new charts. It can also be used for multi-time-frame charts, e.g. showing D1 candles super-imposed on lower time-frame chart.


More information can be found here.

The "big round numbers" (e.g. EUR/USD 1.2800, USD/JPY 99.00) are natural levels of support and resistance. The indicator is a very simple but effective indicator that high-lights these levels on your charts. The indicator can be set to show levels of 50, 100, 250, 500 and 1000 pip increments.


More information can be found here.

Buy/Sell Volume

This indicator uses Bulk Volume Classification algorithm to assign tick volume as "buy" or "sell". The results can be displayed in a number of formats including "Delta", "Delta change", "Cumulative delta", "Buying / selling pressure", and as raw data. The indicator implements the BVC algorithm proposed by Easly, Lopez de Prado and O’Hara (2012).


More information can be found here.

Candle Pattern Indicator and Scanner

The Candle Pattern indicator identifies several popular candle-stick patterns which are then high-lighted on the chart. The Candle Pattern Scanner further enhances this capability by simultaneously analysing multiple instruments at different time-frames.

The following patterns are supported: Doji, Spinning Top, Hammer, Shooting Star, Inverted Hammer, Hanging Man, Marubozu, Bullish Engulfing, Bearish Engulfing, Piercing Line, Dark Cloud, Bullish Harami, Bearish Harami, Morning Star, Evening Star.



More information can be found here and here.

Currency Strength

A collection of related indicators for assessing the currency strength: Currency Strength Indicator, Currency Strength Bars and Currency Index.


More information can be found here.

Divergence

Divergence is when an oscillator does something different to the underlying price. The Divergence indicator detects 4 types of divergence: Bullish divergence, Hidden bullish divergence, Bearish divergence and Hidden bearish divergence.

The required oscillator can be selected from the following: Relative Strength Index (RSI), Commodity Channel Index (CCI) or Slow Stochastics (SSD), Fast Stochastics (SFK), Chande Momentum Oscillator (CMO) and Moving Average Convergence / Divergence (MACD).

There is no need to display the actual oscillator on the chart, and so the use of the Divergence indicator frees up valuable chart space and results in less clutter on the chart.


More information can be found here.


Footprint

The Footprint indicator uses Ask & Bid tick data to estimate trade direction, which is accumulated over a period of time and constructed into a profile. This "footprint" can be used for scalping, refining trade entries or determining good places to take profit or stop losses.



More information can be found here.


Highs and Lows

The highs and lows of the current day, week, month or year can often be significant levels for trading. These are places where stop loss orders tend to accumulate, and the levels can be targets for stop-runs, reversals, and key levels for break-outs. They can also often act as support and resistance.


More information can be found here.

Line Sync

Allows manually drawn lines (horizontal, vertical and trend lines) to be synchronised between different charts. Lines persist even if the original chart is deleted. Also supports import (or export) from (or to) a text file ('csv' format).



More information can be found here.

Market Profile

A collection of related indicators based on Market Profile / Volume Profile techniques: Profile, Composite Profile and Candle Profile.


More information can be found here.

Multi-Compare Indicator

Compares several instruments on the same chart.


More information can be found here.

Multi-Indicator

The Multi-Indicator generates a one-page matrix of miniature charts (“mini-charts”) for multiple instruments, multiple time-frames and multiple technical indicators. This is an ideal way to display key technical information about a wide-range of instruments and time-frames on a single chart.


More information can be found here.

MyFxBook Sentiment Indicator

The Sentiment indicators use data from the MyFxBook website.

In particular, the MyFxBook siste provides a feature called “Community Outlook”. This feature summarizes the net long and short positions for all of its 1000s of members / users, for many instruments (forex and some other instruments like gold, DAX, FTSE100, Dow Jones, etc.). The outlook shows the % short, % long, short volume, long volume as well as average short price and average long price.


More information can be found here.

Over-bought / Over-sold

The Over-bought / Over-sold indicator (OBOS) uses a selectable oscillator to determine over-bought / over-sold condition. This is then indicated on the chart in a number of ways (by high-light, marker or paint bars).

The oscillator can be selected from the following: Relative Strength Index (RSI), Commodity Channel Index (CCI) or Stochastics.

There is no need to display the actual oscillator on the chart, and so the use of the OBOS indicator frees up valuable chart space and results in less clutter on the chart.


More information can be found here.

Scanners (various)

Custom "scanners" can also be developed, which will monitor multiple instruments and timeframes for specific conditions, e.g. price crossing moving average, "golden cross" (50/200 MA cross), candle patterns, etc. In addition to providing visual indication, it can also provide alerts (sound, pop-up or email). So, it will alert you when a specified condition occurs. For example, see here.


Request more information using the "Contact me" link in the side-bar.

Session Lines

This indicator is really useful if you day-trade the stock indices, or for scalping. It simply tracks the developing auction. The indicator tracks the session high, session low, IB (Initial Balance), mid (median of high and low), VWAP (Volume Weighted Average Price), open and previous close price, etc. These are often key support / resistance levels for the trading day or the following day. Floor trader pivots can also be displayed.


More information can be found here.

Supply & Demand Zone Indicator and Scanner

Financial markets move according to the laws of supply and demand. Finding the “true” supply or demand is not simple, since markets are complex, particularly since different participants operate on different time-frames. However, there are some tell-tale clues in the price action. Remember that areas of supply/demand equilibrium (balance) are observed as sideways price action. If price moves quickly and aggressively away from such areas we know that an imbalance was observed, and the direction of the move tells us whether demand exceeded supply or supply exceeded demand.

The Supply/Demand Zone indicator identifies these regions of transition from balance to imbalance.

The Supply/Demand Scanner further enhances this capability by simultaneously analysing multiple instruments at different time-frames.



More information can be found here and here.

Support / Resistance Indicator

Swing highs and swing lows show previous turning points in a market. These are places where supply overcame demand or demand overcame supply.

They are natural choices for projecting support and resistance levels. Every swing point is a potential support or resistance level. However, for effective trading, we should focus on major swing highs and swing lows.


More information can be found here.

Zig-Zag (Weis Wave)

The Zig-Zag indicator will segment the price action into distinct up-moves and down-moves. The direction of each zig-zag is determined according to the amount of price retracement of the closing prices. Unlike most normal zig-zag indicators, this indicator also generates a histogram which can display addition information according to the display mode. The mode can be Volume, Pips or Time. When the Volume mode is used, this Zig-Zag indicator is basically equivalent to the Weis Wave (invented by David Weis).



More information can be found here.

Automated Trading Strategies

I have a generic strategy framework that supports the following features:
  • Multiple time-frames and instruments
  • Stop loss, break-even stop, trailing stops
  • Multiple profit taking levels
  • Daily profit / loss "circuit breaker"
  • Allowed trading times (e.g. only trade from 8am -1pm)
  • Close trades at end of day / end of week
  • Multiple simultaneous positions
  • Reverse position on opposite signal
  • Debugging options

The basic framework can be readily modified to add specific entry and exit criteria, e.g. based on indicator levels, price-action, etc.

Request more information using the "Contact me" link in the side-bar.

Custom Development

Didn't find what you were looking for in my porfolio? I also provide a range of customisation services, including:
  • Customisation of existing products
  • Bespoke indicator / strategy development
  • Data analysis and consultation services

Request more information using the "Contact me" link in the side-bar.