Hello Traders - I'm releasing this as a friend was talking about how he used to use it as an exit indicator. The Aroon Oscillator isn't the most accurate for entries, but we find its strength in its exits. The Aroon Oscillator was developed by legendary technical analyst, T. Chande , in 1995 as part of his "Aroon Indicator system." Chande's intention was for...
The Dominant Direction indicator is a custom technical analysis tool that uses the Dominant Cycle Estimators library to identify the dominant trend direction in the market. The indicator utilizes the MAMA Cycle function, which is a part of the library, to calculate the period of the data. The resulting period is then used to plot lines on the chart that represent...
As a trader, one of the most important aspects of technical analysis is identifying the dominant cycle of the market. The dominant cycle, also known as the market's "heartbeat," can provide valuable information on the current market trend and potential future price movements. One way to measure the dominant cycle is through the use of the MESA Adaptation - MAMA...
This indicator uses Round Numbers breakouts and then uses smart formula with the near Round Numbers to determine best TP (take profit)/SL (stop loss) areas. Furthermore, it calculates win percentage, shows in-profit/in-loss peaks and the price amount result over a customizable date range, which when combined well with the smart formula provides decent profitable...
This indicator contains a set of 5 Donchian channels (upper, lower, and basis plotted) defaulted to lengths of 25, 50, 100, 150, and 200. A set of conditions associated with the channels aims to determine ranging versus trending markets. Weights are given to these conditions accordingly, then tallied up to determine the "cloud score", ranging between -25 and 25....
OKx USDT hourly lend rate from MAR 2022 to JAN 2023. Use with hourly chart It's hard-coded external data from Okx API, so it does not auto-update . Expect some compilation time when adding to the chart. Will update later data in a separate script, since there is a variable limit in one script. OKx...
This is a modified indicator base code from RSI Multi Length and we will add some of functions by finding a classic/hidden divergence and alert. The indicator returns information over RSI using multiple periods and calculates the percentage of overbought and oversold by overbought divided by oversold. To find the divergence and hidden divergence we use base...
Simple pinescript that compares a long ATR against short ATR and let you define a threshold in %
This script prints different EMA if I am on a intraday timeframe or a daily or higher timeframe by using one indicator only. It helps me to bring confluences for my price action strategy.
Cuban's Ecosystem Spaghetti is an overlay indicator for multiple assets to track the returns of highly correlated markets, spreads, and ecosystems. The tool provides three different viewing modes for returns; a rolling bar lookback, a specific data and time anchor, and a visible range -- similar to the native Tradingview 'Compare' tool. Included are pre-built...
This script will show you at a glance the following trends: Higher Highs (Green line on top) Lower Highs (Red line on top) Higher Lows (Green line on bottom) Lower Lows (Red line on bottom) It utilizes the Pivot High and Pivot Low functions to determine if the previous pivot was higher or lower than the current pivot .
Hello traders and investors, Today, I am going to share an indicator that I made by mixing RSI and CCI in different timeframe. You can use this indicator in various ways, however the best possible way I would recommend you to use it is to combine it with price action. I would suggest to play with, so you can decide if it works the best for you. The whole...
This indicator is designed to identify potential trade setups in the market using the ZigZag indicator. It uses a combination of the ZigZag indicator and the background fill color to help identify areas of support and resistance. It also uses a pip offset to help with entries and exits. Additionally, it can generate alert conditions when the market direction...
Description: This indicator calculates the difference between price high's and low's, and fractions it by the close price. If it calculates the difference between a high and low or low and high is defined by whether the current close is higher than the previous close. It is then also rescaled to ensure the value is always appropriate compared to the last set...
This script will display a histogram of the Uniswap V3 HEX / USDC 3% liquidity pool. Similar to what you can see in the liquidity section of the Uniswap pool page but conveniently rendered alongside your chart. It's meant to be used on any HEX / USDC chart only. One of the main motivations for using this in your HEX / USDC chart is to get an idea of the...
Mean reversion is a financial term for the assumption that an asset will return to its mean value. This indicator calculate the volatility of an asset over a period of time and show the values of logRerturn, mean and standart deviations. The default time period for volatility calculation is 252 bars at a "Daily" chart. At a "Daily" chart 252 bar means one...
Mean reversion is a financial term for the assumption that an asset will return to its mean value. This indicator calculate the logarithmic returns (logReturn) of an asset over a period of time and show the values of logRerturn, mean and standart deviations. The default time period for logReturn calculation is 252 bars at a "Daily" chart. At a "Daily" chart 252...
If you like the TTM Squeeze histogram, this may be your favorite new indicator. 5 customizable timeframe MACD-based oscillators are programmed to give you a heads-up when momentum is rolling over and changing to a new direction by using lower timeframes as a "heads-up" of a potential change. Designed to be used on the 5 minute chart, but can be adapted for...