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This is a Simple tool that Shows the Time Zones from main Market's Cities Like New York, London, Frankfurt, Tokyo, Sydney, Hong Kong and New Zealand and as well as your Local Time Zone in Real Time. This tool is great to monitor in real time the different hours, and follow the exact time that different Markets participants enter in their markets to play. Consider for instance that you're in Europe and trading the Dax and you monitor the New York time zone, and you prepare yourself for a much higher volatility to enter the markets cause New York players are entering the game at somewhere between 8:00 am New York Time.
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John Tirone Levels are a set of the appropriate support and resistance levels based on a trading range for a certain period of time.
Usually they are used only to improve visual perception of the market price moves. In this case, the Midpoint method is used for the calculation of all three Tirone Levels.
Market minimum and maximum for a certain period of time are calculated at first.
Insync Index, by Norm North, is a consensus indicator. It uses RSI, MACD, MFI, DPO, ROC, Stoch, CCI and %B to calculate a composite signal. Basically, this index shows that when a majority of underlying indicators is in sync, a turning point is near.
There are couple of ways to use this indicator.
- Buy when crossing up 5, sell when crossing down 95.
- Market is typically bullish when index is above 50, bearish when below 50. This can be a great confirmation signal for price action + trend lines .
Also, since this is typical oscillator, look for divergences between price and index.
Levels 75/25 are early warning levels. Note that, index > 75 (and less than 95) should be considered very bullish and index below 25 (but above 5) as very bearish . Levels 95/5 are equivalent to traditional OB/OS levels.
The various values of the underlying components can be tuned via options page. I have also provided an option to color bars based on the index value.
More info: The Insync Index by Norm North, TASC Jan 1995
Relative Momentum Index indicator script. This indicator was originally developed by Roger Altman (Stocks & Commodities V. 11:2 (57-60)).
Use this indicator as trade zones; for long when indicator value is above level 70; for short when indicator value is below level 30
Note: This indicator works only on our Preferred Broker
Ehlers Super Passband Filter is a pass-band oscillator that seeks to pass-band out both high and low frequencies from market data to eliminate wiggles from the resultant signal thus significantly reducing lag. This pass-band indicator achieves this by using 2 different EMA's of varying periods. (40 and 60). Trigger points for the pass-band oscillator are added with a RMS cyclic envelope over the Signal line. Output of the pass-band waveform is calculated by summing its square over the last 50 bars and taking the square root of the averaged sum to create trigger levels.
Buy: When pass-band crosses above its +RMS line.
Sell: When pass-band crosses below the -RMS line.