Price Target percent drop is an indicator that allows you to set default percentage down from the 52 week high. A pullback, correction, bear and a bear market is marked as a 5%, 10%, 20% or 40% drop from the 52 week highest price, so this will show the target price to buy at if these thresholds are hit. You can change the default values of 5%, 10%, 20% and 40%...
MarketReader_Strategy is a very useful and advanced indicator: - It draws buying (green) and selling (orange) zone . -Once the buying or selling zone is tapped, the color is automatically changed to grey -It shows liquidity pool ($$$) engineered by market behaviour Buying or selling area are determined by an algorithm that combines volume profile,...
Wolfe Waves™ This indicator draws wolfe wave patterns. Some patterns need to be validated by the user. When detecting Wolfe waves, two triangles are formed. A target line is drawn from the origin of one of these triangles to the apex or trough of the other. Bullish patterns are indicated by green triangles and bearish patterns by red triangles. The target...
This script finds wicks that are longer than the candle body and marks them as potential trading zones to be revisited. Lines, shading, and lookback can all be modified. Full credit for original code goes to @Squam_Gobaloochee. We updated to Pinescript V5 and cleaned up code. We reached out to original for permission to repost publicly and open source.
The Levels Of Greed indicator is based on the same idea as the Levels Of Fear one and was suggested by several traders in the comment section. It helps analyze price advances to find the best levels for closing a long position in an asset after a quick surge or longer up-trend. In finance, volatility is a term that describes the degree of variation of an asset...
Theory Behind It" There have been hundreds of trading methods and theories that have been proposed by the trading community, each with a unique perspective on trading. One of the most popular theories is known as the Dow theory which was one of the first theories to theorise the concept known today as trends. Now the majority of today's trading strategies are...
While coding some filters into another indicator for Long/Short I noticed that ta.nearest.percentile might be the most useful tool in pinescript I've ever encountered. While percentile_nearest can be used for all kind of things I decided to code moving averages from it and made bands for bottom percentage and top percentage. The indicator will calculate the top %...
█ OVERVIEW This indicator was designed based on Harmonic Pattern Book written by Scott Carney. It was simplified to user who may always used tools such as XABCD Pattern and Long Position / Short Position, which consume a lot of time, recommended for both beginner and expert of Harmonic Pattern Traders. XABCD Pattern require tool usage of Magnet tool either Strong...
This indicator aims to compare between two charts if trader isn't sure which one is more active and powerful, it does NOT show entries or help your chart analysis directly. The main features of this indicator is to show vitality and range of any given chart. Volatility: it calculates the average profit of every swing in the range and the final result will be...
BINANCE:BTCUSDT This indicator is an opensource merge of the built in 'Pivot Points High Low' and the most popular 'Swing-high-low-support-resistance' indicators. The original 'Pivot Points High Low' does not have extensions with better visibility, while the most popular 'Swing-high-low-support-resistance' has no source available. I've also added additional...
Trading is all about finding reactionary levels from where we assume prices will take a certain direction. And from that assumption, we initiate either a long (Buy) position or a short (Sell) position. Many techniques can be used to find support and resistance levels such as pivot points, Fibonacci retracements, and graphical levels. However, these techniques are...
This indicator plots the 4h, Daily, Weekly, Monthly, Quarterly, Yearly Open High, Low and Mids. You can watch how these institutional trading levels work as support and resistance. Most Important you can add alerts to these levels with a few clicks. Just add/remove unnecessary levels for scaling problems. For any error/suggestion/improvement just let me know.
This script is yet another variant of the famous Bollinger Bands® TA tool used to track price volatility as it deviates from the mean of a security using standard deviations (positive &negative). Built for my own personal preferences. But perhaps you might like it, too. Includes + Chart Lines: price, upper and lower bands + User Options: SMA length, stdev...
Trends & Pivots Indicator helps you to identify primary and secondary trends and potential support/resistance zones. Trend detection have three modes which are “Aggressive, Moderate and Conservative” . You can customize the mode on settings screen. Alerts are available for various conditions such as "Uptrend Shift, Downtrend Shift, Primary Uptrend...
Multi-Purpose All in One Indicator Functions 1) Technical Analysis, Technical Ratings 2) Pivots, Primary & Secondary Trends 3) Swings, Engulfs, Golden & Death Crosses, Price Squeezes, Pullbacks, Breakout & Breakdowns, Volume Rushes 4) Momentum Strength 1) Technical Analysis, Technical Ratings Technical analysis display real-time ratings. It based on...
Demand & Supply Zones This indicator helps to identify large moves driven by institutions. What qualifies as a zone? If the price moves (open to close) by more than a certain % in one candle or in a bullish / bearish run of candles, the zone is marked as a Demand or Supply zone . 0.8% is good for Crypto and Forex might be better with 0.4%. Play around with the...
SmartProfit - Trend Indicator (Main Version) detects trend direction and gives trading signals for Short and Long positions. You can use "SmartProdit - Trend Indicator" for any timeframe, from daily, 4h, to fewer ones, even minute timeframe. We recommend using those timeframes: 4h. and 3h. - for swing trading 15min. и 30min. - for scalping "SmartProfit -...
Speed Diamond allows the user to easily view their chosen price target in relation to the current price of the chart. It displays a Diamond at the bar where the (theoretical) trade would have been entered and a line at the entry price. Displayed on the line is the amount of bars it has taken to arrive at your price target (current price). Price targets can be set...