Looks into the difference of cumulative positive and negative volume and returns a trend outlook based on the volume change compared to n bars away.
Energy Script Indicator Description of Indicator The Energy Script Indicator calculates the market's energy using the formula `Energy = Price * sqrt(Volume)`; providing insight into market activity by combining price movement and volume. This indicator is designed to help traders identify potential reversals and continuation points based on energy levels....
This indicator identifies days where the number of new 52-week lows for all issues exceeds a user-defined threshold (default 4%), potentially signaling a market downturn. The background of the chart turns red on such days, providing a visual alert to traders following the "Bloodbath Sidestepping" strategy. Based on: "THE RIPPLE EFFECT OF DAILY NEW LOWS," By Ralph...
This script was written to make it easier to discover three bar reversal patterns. A three bar reversal occurs when these conditions are met: Long Setup (Reversal Up) 1. Bar 1 closes down 2. Low of Bar 2 is below the low of Bar 1 and Bar 3 3. Bar 3 closes above the high of both Bar 1 and Bar 2 Short Setup (Reversal Down) 1. Bar 1 closes up 2. High of Bar 2 is...
Overview: This script combines multiple indicators to provide a comprehensive analysis of both trend strength and trend momentum. It is tailored specifically for pairs trading strategies but can also be used for other trading strategies. Benefit of Comprehensive Analysis: Having an indicator that evaluates both trend strength and trend momentum is crucial for...
### Weekday Signal Indicator #### Overview The "Weekday Signal " indicator offers a method for triggering entry and exit signals based on specific weekdays and defined trading sessions. This allows traders to tailor their strategies to time slots and days, ensuring strategic execution and optimal trading periods. Additionally, this indicator exposes signals...
Description: The Color Hull Moving Average (CHMA) is a technical indicator designed to smooth and remove lag from traditional moving averages, making it more responsive to price movements. This indicator automatically adjusts the color of the moving average to green when it is rising and red when it is falling, helping to identify trends in a more visual and...
How this indicator works : 1. Setup and Inputs: The script sets up user inputs for various parameters such as pivot period (prd), pivot source (ppsrc), maximum channel width (ChannelW), maximum number of support/resistance levels (maxnumsr), minimum strength (min_strength), label location (labelloc), line style (linestyle), and line width (linewidth).Colors for...
Normalised T3 Oscillator The Normalised T3 Oscillator is an technical indicator designed to provide traders with a refined measure of market momentum by normalizing the T3 Moving Average. This tool was developed to enhance trading decisions by smoothing price data and reducing market noise, allowing for clearer trend recognition and potential signal generation....
Dynamic Support & Resistance Tracker with Weekly, Monthly & Daily Levels The Dynamic Support & Resistance Tracker is designed to help traders identify key support and resistance levels across multiple timeframes, enhancing market analysis and decision-making. This indicator calculates and plots support and resistance levels for daily, weekly, and monthly periods,...
### EMA Trend Arrows Indicator **Description:** The "EMA Trend Arrows Indicator" is designed to help traders identify bullish and bearish trends based on the Exponential Moving Average (EMA). This indicator plots arrows and lines on the chart, signaling potential trend changes, making it easier for users to spot entry and exit points in their...
English Version Enhanced Volume Indicator (EVI) The Enhanced Volume Indicator (EVI) is an advanced yet user-friendly tool designed to measure and visualize the strength of market volume using the statistical power of standard deviation. By offering a clear and dynamic representation of volume fluctuations, the EVI enables traders to effortlessly identify...
The "Volume Surge Analysis " indicator is designed to detect significant volume surges in the market. By analyzing volume relative to its moving average and incorporating a comparison of the true range of price movements, this script highlights potential bullish and bearish volume spikes. Traders can utilize these signals to identify moments of heightened market...
D9 Indicator Category Technical Indicators Overview The D9 Indicator is designed to identify potential trend reversals by counting the number of consecutive closes that are higher or lower than the close four bars earlier. This indicator highlights key moments in the price action where a trend might be exhausting and potentially reversing, providing valuable...
🌟 Introducing the Institutional Activity Index by AlgoAlpha 🌟 Welcome to a powerful new indicator designed to gauge institutional trading activity! This cutting-edge tool combines volume analysis with price movement to derive a unique index that shines a spotlight on potential institutional moves in the market. 🎯📈 Key Features: 🔍 Normalization Period :...
Summary: The "Gap Trend Lines" script is designed to identify and visualize gaps between the close of one candle and the opening of the next on a TradingView chart. It draws extended trend lines to visually connect these gaps, helping traders to identify significant price movements between consecutive candles. Functionality: Indicator Setup: The script is set as...
Trend Maestro - Linear Regression & Volatility Bands Description: The "Trend Maestro - Linear Regression & Volatility Bands" indicator is meticulously designed to provide traders with a clear understanding of market trends through the application of linear regression techniques and enhanced market data visualization. This tool is essential for traders looking...
SLOPED Trailing SL with ATR I thought capital is sometime locked for long periods s when volatility is low, hence: SLOPED Trailing SL with ATR This indicator provides a trailing stop loss that dynamically adjusts based on the Average True Range (ATR) and incorporates a user-defined upward slope on flat areas. It is designed to follow the price movement more...