TL Enhanced volume
TraderLion’s Enhanced Volume has the following features highlighted below.
- High Relative Volume Bars: Clearly highlight high relative volume bars with a high closing range lime green for the best interpretation of volume on your Daily & Weekly Charts.
- Low Relative Volume Bars: Clearly labels low relative volume days with a down arrow to interpret constructive price & volume action on your Daily & Weekly Charts.
- Volume Labels: High volume days are labeled to show 2 things: Total shares traded and Percent above average
- Highest Volume in Over a Year: Look for the letters HV on top of the volume bar to identify this powerful characteristic.
- Simple Moving Average: SMA overlay on your volume without taking up limited indicator slots.
- High Relative Volume Alerts: Set alerts that trigger when the volume surpasses the High Relative Volume Threshold.
TL Relative Strength
- Pink Dot symbolizes the RS Line reaching new highs before price. RS New Highs Before Price (RSNHBP) is often indicative of a break out emerging.
- Direction-Based Relative Strength . When the line moves up it will be blue, and on the way down pink. Easily glance and see phases of relative strength on the chart.
- Raw RS Rating - The RS Line Script features an RS Rating from 1-99 with 99 being the strongest rating. The measures the stock’s performance relative to the Index you input.
Curvature of Meniscus
is a hybrid indicator comprised of three parts:
- The first part is a heavily modified Demarker RSI which is represented as the histogram and is the main trend indicator C1.
- The second part is the 0 line which is replaced by the Waddah Attar Explosion V2 indicator C2.
- The third part is the background color which is borrowed from the Klinger Safety Zones volume indicator Vol.
It is smooth and has almost zero lag. The signals can be used as per nnfx C1-C2-Vol algorithm.
- The DeMarker indicator is relatively unknown to trading beginners but enjoys huge support from the more experienced traders.
- The indicator measures the strength of a trend and thus can give you a warning when a change in the trend direction might occur.
- This can not only help you to find new trade entries but also prevent you from entering into losing trades or letting your open trades run and ultimately result in a loss.
The line of the indicator is calculated as follows: First the indicator finds the minimal and the maximal value of the specified period.
Afterwards those values are used to calculate the moving average of these values which then is displayed in the chart. Just like most oscillators the DeMarker indicator uses oversold and overbought zones at 0.3 and 0.7 to define good entry opportunities.
The "Curvature of Meniscus" indicator has the DeMarker indicator/ RSI modified in three different ways:
- Smoothed and almost no-lagged;
- Colored histogram to determine the trend and the divergences;
- An early signal line for those who like to take counter-trend trades/reversal entries.
TraderLion Reversal Bars
- Oops Up - Price opens below prior day’s close and closes above. Concept by Larry Williams
- Kicker - When the prior day closes down and the current day gaps above the entirety of yesterday’s action signaling a clear momentum change.
- Three Bar Break - Price breaks above prior 3 closes and closes above on above-average volume .
- Upside Reversal - Today’s price undercuts the prior day’s low but closes the day on a >= 50% closing range
- Power of 3 - Power of 3 shows the strength and demand of stock to get through the 3 widely followed moving averages (10, 21, 50 daily moving averages)
- Outside Bullish / Bearish Day - Price closes above/below the prior day’s high/low.
- Up/Down volume ratio. IBD defines U/D ration as "A 50-day ratio that is derived by dividing total volume on up days by the total volume on down days. A ratio greater than 1.0 implies positive demand for a stock"