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Altered True Strength Indicator (TSI) Reupload-
Altered TSI provides a slightly more volatile signal that demonstrates extremities in price action with greater success than standard TSI. In addition, I added bull/bear cross indicators (green/red) to make it easier to notice the crosses to save time when the market is moving fast (I couldn't find a regular TSI script with this addition). Finally, the signal also has overextension parameters (red and green lines)
I think this is best used on Intraday time frames as the signals respond to volatility very well and using Heikin Ashi candles, trend is more visual. In this particular example, I am showing SPY on the 3m time chart (my favorite short time frame) and the signal alone provided many opportunities for trades when using simple divergences and countering overextension direction when short term (blue) signal crosses either
In the first example (purple lines), SPY ramps but it was a dull signal given the signal strength flatlining- we would be looking for a short entry. When the signal fires, it provides a clean $1.50 move down in spy.
In the second example (orange), the blue signal provides a nice V shape (rebound signal) in which we are looking for a long entry. 390.50 is a strong SPY support in confluence with 2nd std dev VWAP extension, but disregarding that bull signal fires resulting in a 2 dollar move upwards. Exit is provided when blue line crosses green overextension.
In the third example (white), we are searching for a short entry at 392.5 resistance in confluence with divergently higher highs. Bear cross signal when fired and a significant cross is visible provides a $2.50 move to the downside with a potential exit provided when blue line crosses red overextension line in confluence with previous LOD area.
In the fourth example (green), we watch as the blue line provides a V pattern, we are searching for a long entry. If you didn't take a riskier long at 2nd std dev VWAP overextension with V recovery on blue line at red overextension for a ride to vwap, then you are looking for a secondary entry long as you wouldn't take the trade at resistance (vwap). Bullishly divergent lows provide this entry and the signal does not bear cross at all (but looking for significant crosses is more important even if the signal were to make a minor bear cross). Bullishly divergent double bottom provides a long entry to end of day with a nice clean signal for a $5.00 move until eod or when signal crosses overextension range.
Ideally, close to the money options or SPY/SPXS/SPXL are best used in the intraday time frame.
Again, this is not a standalone indicator but it's best used in conjunction with other indicators/trading strategies
Any questions feel free to comment Indicator

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21/55 EMA Cloud w/ Optional RibbonThis indicator behaves like a traditional EMA ribbon by using the 21, 25, 30, 35, 40, 45, 50, and 55 bar exponential moving averages. In this particular indicator, the traditional EMA ribbon lines are turned off by default leaving only a filled in area between the 21 and 55 bar averages. The filled in area is green when the 21 bar average is greater than the 55 and red otherwise. Additionally, the 9, 100, and 200 exponential moving averages are available for reference.
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Ichimoku Cloud - AlertsIchimoku cloud
IC is a trend - following system with an indicator similar to moving averages
It predicts price movements
Offers a unique perspective of support and resistance levels.
Conversion Line (Turning Line)
- Measures Short Term Trend
- SIgnals an area of minor support and resistance
Base Line (Confirmation Line)
Measures Medium term trend
Used as Trailing Stop Level.
Lagging Span (Lagging Line)
Used for Confirmation of signals
Can also serve as Support and Resistance Level
Kumo Cloud
Formed of two lines: Span A (Green Line) and Span B (Red Line)
Dynamic Support and Resistance .
HOW TO READ ICHIMOKU INDICATOR
Conversion Line
If the Market Price is above the Conversion Line = Short Term Upward Movement
If the Market Price is below the Conversion Line = Short Term Downward Movement
Increasing Conversion Line = Upward Short Term Trend
Decreasing Conversion Line = Downward Short Term Trend
Base Line
If the Market Price is above the baseline = Medium - term upward trend
If the Market price is below the baseline = Medium - Term downward Trend
Increasing Base Line = Upward Medium term trend
Decreasing Base Line = Downward Medium Term Trend
Lagging Span
The Evolution of the current price action in relation to previous price action
If the Lagging span is above the current price = Bullish Bias
If the Lagging span is below the current price = Bearish Bias
Lagging span near the current price = Trading range
Kumo Cloud
Dynamic Support and Resistance based upon price action.
The longer the price stays below/above the Kumo cloud, the STRONGER the trend is.
When the cloud is wide, the expected support or resistance is strong
When the cloud is thin, the expected support or resistance is weak
Never trade inside the KUMO CLOUD.
HOW TO TRADE WITH ICHIMOKU CLOUD
Baseline and conversion Line crossover (Lagging Span as a Filter)
crossover(conversion line, baseline) = Buy
crossunder(conversion line, baseline) = Sell
FILTER
crossover(conversion line, baseline) and lagging span is Bullish (i.e above the price) = Buy
Crossunder(conversion line, baseline) and lagging span is Bearish (i.e below the price) = Sell
2. Baseline - Conversion line crossover (Kumo cloud Filter)
crossover(conversion line, baseline) above the Kumo Cloud = Strong Buy
crossover(conversion line, baseline) below the Kumo cloud = Weak Buy
crossunder(conversion line, baseline) below the Kumo Cloud = Strong Sell
crossunder(conversion line, baseline) above the Kumo Cloud = Weak Sell
3. Kumo Cloud Breakout
When the price enters the Kumo Cloud, and breaks its Upper wall upward = Bullish Signal
When the price enters the Kumo Cloud, and breaks its Lower wall downward = Bearish Signal
4. Kumo Cloud Crossover
When Span A cuts the Span B from below to the upside and prices are positioned above the Kumo Cloud = Strong Buy Signal
When Span A cuts the Span B from upside to the bottom and the prices are positioned below the Kumo Cloud = Strong Sell
When Span A cuts Span B from bottom to the upside and prices are positioned below the Kumo Cloud = Weak Buy Signal
When Span A cuts Span B from the upside to the bottom and the prices are positioned above the Kumo Cloud = Weak Sell Signal.
NOTE:- Some of the signals collide with each other, but they collide for the same call, so shouldn't really be a problem overall. Let me know if you have any suggestions to nullify the trading Range. Though I do plan on adding my Renko code to it for filtering out Trading Range. Indicator

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