This unique indicator is a comprehensive tool designed for traders seeking to gain an edge in the market. It consists of three main components: a revised RSI, a dynamic heatmap, and an integrated alert system.
1.Modified RSI:
Unlike the traditional RSI that calculates delta as the difference between the current price and the previous price (Δ = {price} -...
This version update by @Nahlawi
Combined Anchored VWAP and Standard Deviations Indicator:
This indicator combines the Anchored Volume Weighted Average Price (AVWAP) with Standard Deviations (SD) to provide traders with insights into price trends and potential reversal points. Let's break down each component and its functionality:
1. Anchored VWAP (AVWAP):
The...
Custom RSI Indicator:
The Custom RSI Indicator is a technical analysis tool designed to assess the momentum of a financial instrument's price movements within a specified range. Unlike the traditional RSI, which typically operates within a range of 0 to 100, this customized version focuses on a narrower spectrum between 40 and 60, providing clearer signals for...
The indicator provides a nuanced view of sector performance through ETF analysis, focusing on long-term price trends and deviations from these trends to gauge relative strength or weakness. It utilizes a methodical approach to smooth out ETF price data and then applies a regression analysis to pinpoint the primary trend direction. By examining how far the current...
Description:
The "200 EMA Trend Strategy" is a versatile technical analysis tool designed for day trading and long-term investing. It aims to identify potential trend reversal points in the market based on the interaction between the price and the 200-period Exponential Moving Average (EMA). This strategy utilizes the 200 EMA, standard deviation bands, and basic...
The Kelbol Bands are designed to provide traders with insights into price volatility and potential trend reversal points. By combining Bollinger Bands (BB) and Keltner Channels (KC), this indicator offers a versatile approach to analyzing market dynamics.
Key Features:
- Customizable Parameters: The indicator allows traders to adjust parameters such as BB...
draws a blue line representing the divergence between a 3-period moving average (3MA) close and the current candle high, and a red line representing the divergence between a 20-period moving average (20MA) close and the 3MA close
This script calculates the moving averages for both 3-period and 20-period and then computes the divergences as described. It plots the...
This script is a custom implementation of grouped Simple Moving Averages (SMA) with added Bollinger Bands
Key Features:
Customizable Length (n): Allows users to set the length for the SMA calculation. The length is the number of bars used to calculate the average. This is input by the user and can be adjusted to analyze different time periods.
Standard Deviation...
What the code does:
This Pine Script implements a trading strategy based on two indicators: Volume Weighted Average Price (VWAP) and On Balance Volume (OBV) Relative Strength Index (RSI). The strategy aims to identify potential buy and sell signals based on deviations from VWAP and OBV RSI crossing certain threshold levels.
How it does it:
**VWAP...
SMA with ATR Bands
This custom indicator combines the Simple Moving Average (SMA) with Average True Range (ATR) bands. It’s designed to help traders identify potential price reversals and gauge volatility. Here’s what it does:
Simple Moving Average (SMA):
The SMA represents the average price over a specified period.
It acts as a trend-following line,...
This versatile indicator plots logarithmic Bollinger Bands on any financial asset or timeframe in the TradingView platform. Unlike traditional Bollinger Bands, which use simple arithmetic calculations, Foxy's LBB employs logarithmic scales to better capture and visualize percentage-based price movements.
The core functionality includes:
Basis Line: A central...
We determine if the price is below EMA 9 by comparing the close price with EMA 9.
We determine if the current candle body is huge compared to the previous candle's body.
We plot EMA 9 in black color and EMA 200 in green color.
We plot blue triangles below the bars for EMA crossover above and red triangles above the bars for EMA crossover below.
We set the color of...
Thank you for providing the context of how the constants `a` and `b` were derived for your power law model. This information is crucial for understanding the methodology behind the model, which can be particularly useful for users of your Pine Script indicator or for documentation purposes. Here's a concise description of how the values of `a` and `b` were...
Range Percentage is a simple indicator utility to clearly display and dynamically alert on where a chosen series falls between two bounds, either series themselves or constant values.
To set up, select between series or value for upper and lower bounds. Only the chosen options will be used by the indicator, though you may enter the non-selected option. Configure...
Hi,
I have created Artharjan Day Trading Range indicator that plots the Intraday Trading Range for the day based on past 5 Days ATR value and takes 50% of that value and plots it above and below the current day's opening price. If current day close crosses above the Upper Level then we may see a Bullish trend otherwise Bearish trend can be seen. If the price...
This script is a combination of several indicators and trading strategies.
Let's break down each part:
1. MACD Indicator (My MACD Indicator – Nabil's Version): This calculates the Moving Average Convergence Divergence (MACD) using Heikin Ashi candles. It uses Exponential Moving Averages (EMA) to compute the fast and slow lengths and then calculates the MACD line,...
The Brilliance Academy Secret Strategy is a powerful trading strategy designed to identify potential trend reversals and optimize entry and exit points in the market. This strategy incorporates a combination of technical indicators, including Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Pivot Points, and Bollinger Bands.
Key...
