This indicator is a moving support and resistance indicator that follows price action. When used according to its rules, it can yield a high success rate. Based on my experience with this indicator, I have established certain rules: - To use this indicator effectively, support and resistance lines should exhibit a horizontal trajectory, and the longer the line...
The Pine Script code analyzes the MACD indicator and its histogram on TradingView. Users input parameters for MACD and histogram calculations, such as fast/slow lengths, source data, and moving average types. The script dynamically chooses between weekly and daily timeframe for histogram computation. It calculates MACD as the difference between moving averages and...
This indicator plots the "expected move" of SPX for today's trading session. Expected move is the amount that SPX is predicted to increase or decrease from its current price, based on the current level of implied volatility. The implied volatility in this indicator is computed from the current value of the VIX (or one of several volatility symbols available on...
"When you want to analyze charts in reverse correlation with this indicator, reversing the candle colors can assist you in easier analysis. For example, you can invert the USDT.D chart, which moves inversely with cryptocurrencies, using ALT+I, and with this indicator, you can also reverse the candle colors to correlate the chart effectively. Good luck with your...
This script is a custom indicator that incorporates various technical analysis features like Support & Resistance, RSI, Bollinger Bands, and custom candlestick colors. Here's how to use: This Indicator helps you to Identify trend of a Particular Script If you see Green Candle formations above the Central Bollinger Band line then you can go long into the trade...
This indicator plots the "expected move" of SPX for today's trading session. Expected move is the amount that SPX is predicted to increase or decrease from its current price, based on the current level of implied volatility. The implied volatility in this indicator is computed from the current value of the VIX (or one of several volatility symbols available on...
If a volume bar exceeds the previous 2 - it is marked with a bright colour as "growing". In this way it is easy to detect zones where volumes are increasing. Also if the volume becomes higher than MA + double standard deviation, this zone is marked in green as relatively peak volume.
Translated from ThinkScript which was shared by Elder Master Trader. Shows buying and selling volume pressure.
I have customized and simplified this indicator so beginners can understand the inputs and the results.
The supply and demand for the visible range on the chart by LuxAlgo combined with the VWAP that is included with TradingView.
This script is a combination of UT, Hull moving average , ORB of 10:10 candle and EMA.
EMA Cross Indicator This indicator plots two exponential moving averages (EMAs) on the price chart: a short-term EMA and a long-term EMA. The default periods for the short and long EMAs are 9 and 21, but they can be customized by the user.
it's only vwap without any additional lines or any other indicators, for those who need only this thing
The "SVMKR_VIX_Based_Levels" script is a Pine Script indicator designed to assist intraday traders in identifying dynamic support and resistance levels based on the Volatility Index (VIX). Here's a breakdown of the script and its uses for intraday traders: ### Script Description: 1. **Data Retrieval**: - The script fetches daily closing prices of the India VIX...
The Nested Candle Highlighter identifies when the current candle's body is completely enclosed by the previous candle's wick zones. It examines the upper wick zone, from the previous high to the open or close, and the lower wick zone, from the low up to the open or close. This focused analysis can signal consolidation and potential shifts in momentum, offering an...
This script combines both the Bollinger Bands and the Inside Bar Indicator into one. Be sure to check the version for compatibility. In this case, the version is set to 5 to accommodate the latest features of Pine Script. If there are any issues, it may be necessary to adjust the version or make modifications to the script to ensure compatibility.
The Squeeze Momentum Indicator (SMI) is designed to identify periods of low volatility, known as squeezes, followed by high momentum moves. It consists of three main components: the basis line, upper band, and lower band. During a squeeze, the price typically consolidates within a narrow range, causing the bands to converge. When the price breaks out of this...