Percentage Grid Indicator Description: The Percentage Grid indicator is designed to assist traders in identifying significant support and resistance levels based on yearly percentage changes. This indicator plots horizontal lines on the chart from the start of the year, allowing you to customize how much percentage each line represents. Currently, you can set...
Doji Patterns will be found based on 3 conditions - Check if Open-close difference is a certain percentage of High-low difference Check Upper & Lower wick sizes are greater than respective min threshold values Check if the difference of Upper & Lower wick size is higher than the min threshold value The threshold values are predetermined based on the...
Han Algo Indicator Strategy Description Overview: The Han Algo Indicator is designed to identify trend directions and signal potential buy and sell opportunities based on moving average crossovers. It aims to provide clear signals while filtering out noise and minimizing false signals. Indicators Used: Moving Averages: 200 SMA (Simple Moving Average): Used as a...
The script helps in recognizing the money flow resistance and rsi level combinations and is quite useful
Description: The "Previous and Premarket High/Low" indicator is designed to help traders identify key levels during the premarket, postmarket, and regular trading sessions. It highlights the highest and lowest prices during the premarket session and the previous trading day, providing critical levels for intraday trading strategies. Features: Customizable...
This Pine Script indicator calculates and visualizes the price movement for each candlestick on the chart. - **Calculation**: The price movement for each candle is determined by subtracting the opening price from the closing price. - **Visualization**: The price movement is plotted as a histogram, with positive values indicating upward movement (green bars)...
This script visualizes the relative performance of a primary asset against a benchmark composed of three reference assets. Here's how it works: User Inputs: - Users specify ticker symbols for three reference assets (default: Platinum, Palladium, Rhodium). Data Retrieval: - Fetches closing prices for the primary asset (the one the script is applied to) and...
The Advanced Bank Nifty Trend Line Strategy indicator is designed for traders who want to leverage trend lines and price action methodologies to make informed trading decisions on the Bank Nifty index. This indicator automatically detects significant swing highs and lows, draws trend lines, and generates buy and sell signals based on the interaction of the price...
Certainly! Here's a user guide for the provided Pine Script code: User Guide: 1800 Candle Highlight Indicator Overview: The "1800 Candle Highlight" indicator is designed to visually emphasize the 18:00 (6:00 PM) candle on the chart, providing clarity on its open and close prices, and highlighting its timeframe with a distinctive color. Key Features: Candle...
This indicator displays transitions of candles from red to green and from green to red on a chart, with the ability to set an adjustable percentage threshold. When a candle transitions from red to green and the percentage change exceeds the specified threshold, a red to green transition signal is issued. Similarly, when a candle transitions from green to red and...
Input Parameters The script has three input parameters: · length: an integer input with a default value of 20, likely used for calculating moving averages or other indicators. · zoneSize: a decimal input with a default value of 1.5, likely used to define the size of the "holding zone". · entryZone: an integer input with a default value of 50, likely used to...
This script implements an Improved CUSUM (Cumulative Sum) Peaks & Troughs with Drift indicator. Here's a breakdown of how it works: Input Parameters: cusumThreshold: Threshold value for detecting peaks and troughs. cusumDrift: Drift value used to adjust the CUSUM calculation. movingAverageLength: Length of the moving average used as a...
This sophisticated and proprietary script is meticulously designed to provide traders with signals by leveraging the strategies and insights of institutional investors, also known as "smart money." Our unique tool focuses on identifying key market structures and liquidity points to help traders align their strategies with the movements of influential market...
This script is meticulously designed to assist traders in making informed decisions by providing precise buy and sell signals. This unique and proprietary tool incorporates advanced calculations and market analysis techniques to offer a non-repainting indicator that can be a valuable addition to your trading arsenal. Key Features: Non-Repainting Signals: ...
1. **Input Parameters**: Allows customization of the moving average lengths, RSI length, RSI levels, and volume lookback period. 2. **Calculate Moving Averages**: Computes short-term and long-term simple moving averages (SMAs). 3. **Calculate RSI**: Computes the RSI based on closing prices. 4. **Calculate Volume Average**: Computes the average volume over a...
Indicator using Price action, candlestick and volume testing
This indicator gives buy signals on a potential reversal signal which are otherwise on a downward direction. The green background is a general zone determined by EMA cross over and can be seen in multiple areas. Only two buying signals are displayed every such zones, which can help as SIP. These signals are only meant for long term investments and the accuracy...