The "Custom % Breakout Highlight" indicator in Pine Script is designed to visually identify candles that experience a significant percentage price change relative to a user-defined threshold. The primary goal of this indicator is to highlight candles that surpass a specified percentage breakout level, signaling potential price movements or shifts in market...
Kernel Regression Ribbon is a flexible, visually pleasing trend identification tool. Plotting 8 different kernel regressions of different types and parameters allows the user to see where levels of support and resistance are being tested, retested and broken. What’s Kernel Regression? A statistical method for estimating the best fitting curve for a dataset, in...
🎲 New Divergence Indicator by Trendoscope Our latest Divergence Indicator revolutionizes the way traders identify market trends and potential reversals. Built upon the robust foundation of the Zigzag Trend Divergence Detector and inline with our recent implementation of the Divergence Goggles indicator, this tool is designed to be intuitive yet powerful,...
The Hosoda Waves indicator was devised by Goichi Hosoda, the creator of the Ichimoku system, with the idea that previous highs and lows could determine future price ranges to which the market would react. Hosoda's projections include the NT, N, V, and E waves, derived from calculations based on both upward and downward ABC swings. The calculations for Hosoda's...
This indicator is tailored for traders looking to capitalize on intraday price movements, particularly focusing on breakout strategies. It combines Opening Range Breakout (ORB) analysis with volatility, trend identification, and price levels. - This indicator is versatile and can be used for various trading strategies, particularly suited for breakout trading...
Optics Alert Zone shows price ranges for prices 17 days and 40 days ago. These can be adjusted based on asset class and volatility. Bullish is when price is above 17 and 40 day. Bearish is when price is below 17 and 40 day.
Adaptive MFT Extremum Pivots Overview: The Adaptive MFT Extremum Pivots indicator, developed by Elysian_Mind, is a powerful Pine Script tool that dynamically displays key market levels, including Monthly Highs/Lows, Weekly Extremums, Pivot Points, and dynamic Resistances/Supports. The term "dynamic" emphasizes the adaptive nature of the calculated levels,...
Description: The size of a candle in trading offers a fundamental insight into market direction. Larger candles often indicate robust price movements, suggesting strength in either buying or selling activity. In an uptrend, substantial green (bullish) candles signify strong buying momentum, while in a downtrend, sizable red (bearish) candles indicate significant...
The Urika Relative Price (URP) indicator is designed to compare the current price of an asset to an average of previous closing prices. It aims to show whether the current price is above or below the historical average and whether it's increasing or decreasing relative to that average. URP is more focused on the relationship between the current price and its...
The main benefit of this indicator is the ability to see multiple higher timeframes at ones to get a better overview of signals that could mark possible trend reversals with more weight than those on the selected timeframe. Since the higher timeframes are calculated automatically, the user needs to set a Period Multiplier that multiplies the selected timeframe...
Efficiently analyze market conditions and detect overheating zones. Regime Monitoring (BRM) is here to help you analyze the behavior of financial markets. The oscillator allows you to observe when an asset’s trend is likely to reverse. The trend is also given by the indicator, as is the phase the market is in (trending or congested). The BRM also provides the...
Description: The "∂ Limited Growth Stock-to-Flow (LG-S2F)" indicator, developed by AlgoAlpha, is a technical analysis tool designed to analyze the price of Bitcoin (BTC) based on the Stock-to-Flow model. The indicator calculates the expected price range of BTC by incorporating variables such as BTC supply, block height, and model parameters. It also includes error...
This is Renko chart overlay for Candles chart. You can use it to identify market direction and potential key points. To use it simply select box size and any timeframe you want. With this overlay you can be sure that you'll see every brick on a chart showing general market direction with all the details of a candles chart. Alternatives Renko overlay charts: ...
This indicator displays a chart table that compares the current price of the asset with the closing prices of the last 12 months. This table includes columns for the month, the current price, the previous price, and the percentage change. Monthly Color Visualization: The indicator uses unique colors for each month, facilitating quick identification of the...
This is an indicator for the Candle By Candle (CBC) Flip strategy as created by @MapleStax It’s useful to traders because it’s a simple approach to gauge if bulls or bears are in control for any particular candle. The logic is as follows: If the most recent candle close is above the previous candle high, then bulls are in control. If the most recent candle close...
🟩 INTRODUCTION Hello, everyone! Please take the time to review this description and source code to utilize this script to its fullest potential. 🟩 CONCEPTS This is a trend indicator. The trend is the 0.5 fibonacci level for a certain period of time. A trend change occurs when at least one candle closes above the level of 0.236 (for long) or below 0.786...
█ OVERVIEW This indicator was a time-based indicator and intended as educational purpose only based on pine script v5 functions for ta.cross() , ta.crossover() and ta.crossunder() . I realised that there is some overlap price with the cross functions, hence I integrate them into Custom Range Interactive with value variance and overlap displayed into...
The "𝙏𝙍𝙀𝙉𝘿 𝙁𝙄𝙉𝘿𝙀𝙍" indicator is a powerful tool designed to detect trends and identify potential reversal points in asset prices. It operates as both a trend-following and mean reversion indicator, offering insights into market movements. Trend Identification: Trend Detection: This indicator primarily identifies trends in asset prices. When the "𝙏𝙍𝙀𝙉𝘿...