There are several implementations of ABC pattern in tradingview and pine script. However, we have made this indicator to provide users additional quantifiable information along with flexibility to experiment and develop their own strategy based on the patterns. 🎲 Highlights of this indicator over other ABC implementations are: Implementation is based on...
This script allows the user to visualize a momentum shifts on the candlestick charts. This is a visual indicator to help the trader quickly recognize if a potential trade exists where the market sentiment might be changing. The MS occurs when the below parameters are followed: Creates blue triangle on the chart when: 1) at the close of a green candle that was...
> Introduction and Acknowledgements The Daye Quarterly Theory° tool encompasses the cyclical Time aspect of the markets as studied and developed by Daye (traderdaye on Twitter). I am not the creator of this Theory, and I do not hold the answers to all the questions you may have; I suggest you to study it from Daye's tweets and material. I collaborated directly...
Description It is used to create Fibonacci levels based on the backward 120/240/360 bar and to detect the bottoms and peaks in that range. The feature can be used by traders who trade at support and resistance. Showing 3 different levels retrospectively in the same time period allows support and resistance levels to be easily seen. Gray Levels: Gives...
This indicator can be used for moving average strategies based on a EMA trigger over MAs (SMAs) : MA1 , MA2 , MA3 . Based on those crossings, the background color will change for the upcoming candle showing green for upper crossing change (the more MA are crossed, the darker is the background). Order and priority of background colors : 1/ EMA x MA1 2/ EMA x...
This script is based on divergence situation related to momentum and price. For this we have 4 strategies divergence calculation : So user can choose which strategy will be applied on chart from input. one of them or all of them. Also user can activate swing High ang swing Low be shown on chart. Below explanation of strategy what is doing : Strategy 1 or...
***** FEATURES ***** Gold & Silver Scanner Pro is both a multi-functional indicator and market scanner combined. The combination allows you to have multiple eyes across the market, all from a single chart. The scanner is comprised of an intuitively designed 3-in-1 tool that tracks the key metrics that drive markets. Each use advanced algorithms to gather...
MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of securities prices, created by Gerald Appel in the late 1970s. It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price. The MACD indicator (or "oscillator") is a collection of three time series...
█ Overview The TrendCylinder is a dynamic trading indicator designed to capture trends and volatility in an asset's price. It provides a visualization of the current trend direction and upper and lower bands that adapt to volatility changes. By using this indicator, traders can identify potential breakouts or support and resistance levels. While also gauging...
Shared for friends, but others are welcome to use. RVolAT chart, designed for US equity markets, displayed as chart of current bar volume relative to the average volume for that period over a specified number of days. This can be calculated in two ways - see Calculation Mode below. The chart uses a heatmap to identify RVol, with anything greater than 3 as the...
Definition The Stochastic RSI indicator (Stoch RSI) is actually an indicator of an indicator. It is used in technical analysis to provide a stochastic calculation to the RSI indicator. This means it's an RSI measure relative to its own high/low range over a user-defined time period. Stochastic RSI is an oscillator that calculates a value between 0 and 1 and then...
***** FEATURES ***** Crypto Scanner Pro is both an indicator and market scanner combined. The combination allows you to have multiple eyes across the market, all from a single chart. Each scanner is comprised of an intuitively designed 3-in-1 tool that tracks the key metrics that drive markets. They each use advanced algorithms to gather information from...
Bursa Malaysia Index Series. The index computation is as follows:- Current aggregate Market Capitalisation/Base Aggregate Market Capitalisation x 100. The Bursa Malaysia Index Series is calculated and disseminated on a real-time basis at 60-second intervals during Bursa’s trading hours.
The RSI indicator is a powerful tool that utilizes both volume and time to determine market trends. When there is a low volume of trades in a short period of time, but the trading activity is high, it is considered bullish or bearish. In the case of a bullish trend, the RSI indicator will display a green color, while a bearish trend will be represented by a red...
HELLO, If you need WATERMARKS for your charts, You can use this indicator. You can add a preferable title, subtitle, and heading. if you want to write on a different line, you can use \n. All the features can be including position, text size, text color, background, etc can be customized to suit your taste.
This is a code snippet written in the Pine programming language for TradingView platform. It is an implementation of a custom technical indicator called "L1 Magic Moving Average". Moving averages are widely used in technical analysis to identify trends and reversals in the price of an asset. The idea behind moving averages is to smooth out the price data by...
This script keeps track of historical max's and min's and calculates the midline and top/bottom GP fibs off that. The way it calculates max/mins is unique as it's a two-step customizable process. In settings, there are two adjustable parameters; length and lookback. The length parameter defines how many candles the max/min will be saved for. If the last recorded...
**Understanding the 'Follow The Trend - The Lazy Indicator'** This indicator is designed to help traders visualize the trend direction over both short-term and long-term periods. Let's dive deeper into understanding how it's designed and how it can be beneficial. **1. How It's Designed:** * **User Inputs:** The first few lines ask the user for specific...