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Thermometer of Market

 Measure the temperature of the market  Like a thermometer .The function of this indicator is to measure the temperature of the market ,it is  just like that using a thermometer to measuring water temperature, directly  to show where the market is running and where it is likely to reach.


  • Pivot Point is a resistance and support system. It has been widely used at froex,stocks, futures, treasury bonds and indexes. It is an effective support resistance analysis system.
  • Average True Range(ATR) is used to measure the volatility of market prices. ATR  represents the actual situation of the market in the past period of time, and in many cases reflects the energy of the recent market.

  • Mraket has  its own rules,sometimes the market is very gentle, sometimes is very strong waves.  Based on Pivot Point and ATR, we can predict the where the market is most likely to go and where it is most likely to back.


This indicator provide  two algorithms, Pivot Point and ATR, you can switch between the two algorithms at any time.


Pivot Point

  • Support Levels
  • P=(LastClose+LastHigh+LastLow)/3;

  • S1=2*P-LastHigh;
  • S2=P-(LastHigh-LastLow);
  • S3=(2*P)-((2*LastHigh)-LastLow);
  • Resistance Levels

  • R1=2*P-LastLow;
  • R2=P+(LastHigh-LastLow);
  • R3=(2*P)+(LastHigh-(2*LastLow));
   the defaut is yersterday's prices, and  there have a modified interface to set any price you need.

ATR:
  The ATR value takes yesterday's value and the chart period is D1. it is represents recent market volatility. 
by the input argument, can set the period of ATR.

User Inputs

  • ATR Period   - set here the Average True Range period ,  it can be 1,2,3..14. .
  • Ratio of ATR to Alert - set here the ratio you want to show in the monitor,default is 0.5, more than 0,and not greater than 2
  • X Distance  - set here the x distance.
  • Y Distance   - set here the y distance.
  • Thermometer Height   - set here the Thermometer height.
  • Thermometer Width    - set here the Thermometer width.
  • Thermometer0 color   - set here the color.
  • Thermometer1 color   - set here the color.
  • Font color1   - set here the color.
  • Font color2   - set here the color.


Notice:
  Sometimes, the base data for this indicator cannot  load immediately and correctly ,when you first load it on a chart.
  If this happens, change the period of current chart to give the indicator an opportunity to update,it will know to refresh it's base data again.



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TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our custom
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Support and Resistance is a very important reference for trading.  This indicator provides customized support and resistance levels, automatic draw line and play music functions.  In addition to the custom RS, the default RS includes Pivot Point, Fibonacci, integer Price, MA, Bollinger Bands. Pivot Point is a resistance and support system. It has been widely used at froex,stocks, futures, treasury bonds and indexes. It is an effective support resistance analysis system. Fibonacci also known as t
MACD with two lines and  bar, Predict the price,  moniotr all period,  play sound when it changed. If there is any other need, contact me. MACD = [stockPrices,12]EMA - [stockPrices,26]EMA signal = [MACD,9]EMA divergence = MACD – signal User Inputs Fast EMA Period - Fast moving average line, the default period is 12. Slow EMA Period- Slow moving average line, the default period is 26. Signal SMA Period - set signal period , the default period is 9.
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Version 1.5 2020.05.13
eidt some bugs
Version 1.4 2019.07.08
add pivot point algorithm
Version 1.3 2019.07.05

add arguments width to set thermometer width
Version 1.2 2019.07.05
highlight the close price
Version 1.1 2019.07.05
can set Thermometer Height