The Market Facilitation Index (MFI) is a technical indicator that measures the ease with which the market is able to move based on the volume traded. It was developed by Dr. Bill Williams as part of his trading system. The MFI is calculated by taking into account the difference between the current typical price (average of high, low, and close) and the previous...
The script shows the opening range of the instrument based on different resolutions and timeframes. Inputs : 1. Resolution It decides the calculation frequency of the script. In Auto resolution, Standard values have been used. 2. Timeframe It decides the timeframe for the OHLC values. By default, it will use the chart timeframe and so chart OHLC values. 3....
This indicator tracks the 52W High and Low of any script and provides a visual interpretation of the stock price movement. It can be used as a quick tracking indicator for trading stocks / ETFs at their 52W Low. A typical strategy will include buying such stocks at 52W Low and selling at 52W High.
Born4Trade : Here we collect the Intraday HIGH and LOW and it's divided by 2 and 3 parts, Which gives an edge to trade.
The "Fibonacci Ranges" indicator combines Fibonacci ratio-derived ranges (channels), together with a Fibonacci pattern of the latest swing high/low. 🔶 USAGE The indicator draws real-time ranges based on Fibonacci ratios as well as retracements. Breakouts from a Fibonacci Channel are also indicated by labels, indicating a potential reversal. Each...
Zero Lag Hull Moving Average (ZLHMA) is a technical indicator that is based on the principles of Zero Lag Hull Moving Average (HMA). It is designed to provide a smoother and more accurate representation of price trends by reducing lag and improving the responsiveness of the moving average line. Compared to traditional moving average lines, the Zero Lag Hull...
The "Momentum Channelbands" is indicator that measures and displays an asset's momentum. It includes options to calculate Bollinger Bands and Donchian Channels around the momentum. Users can customize settings for a comprehensive view of momentum-related insights. This tool helps assess trend strength, identify overbought/oversold conditions, and pinpoint...
The script defines a specific trading session based on user inputs. This session is specified by a time range (e.g., "1000-1510") and selected days of the week (e.g., Monday to Friday). This session definition is crucial for trading only during specific times. Lookback and Breakout Conditions: The script uses a lookback period and the highest high and...
The Percentage Range Consolidation histogram is a measure of volatility, ranking current price range compared to past ranges. 🟩 USAGE Here there are 2 heavy contractions of price shown on chart that lead to a big rally. Shows a possible way to approach trading this. Take into account that this is for illustration purposes only and these entry methods...
The Relational Quadratic Kernel Channel (RQK-Channel-V) is designed to provide more valuable potential price extremes or continuation points in the price trend. Example: Usage: Lookback Window: Adjust the "Lookback Window" parameter to control the number of previous bars considered when calculating the Rational Quadratic Estimate. Longer windows capture...
Range Filter indicator based on the LuxAlgo Nadaraya-Watson Envelope () indicator adding the SMA 30 high and SMA 7 low to predict the changes of the trends lines price. WARNING: This indicator, as the same as the original, repaints the chart and could affect the exact values of the prices. SMA Low 7 was identified using tensorflowJS years ago as accurate and...
*Updated with Version 5* ATR Clouds The "ATR Clouds" indicator provides a visual representation of the stock's volatility based on the Average True Range (ATR) calculation. It operates by plotting two bands around the closing price of a stock, using the ATR as a measure of volatility. Features: ATR Calculation: The Average True Range is a commonly used metric...
This is an experimental script, that plots 24 VWAPs, each starting at a new hour and lasting for 24hours. After using session anchored VWAPs i kept wondering if the price reacts to VWAPs that begin at periods lower than sessions. Color of each VWAP changes upon crossovers of the following VWAP, giving us an understanding of trends and whether we're trading with...
This tool allows you to quickly identify the macro and micro trend's direction and enter and exit position at a more favorable price. When the pink lines are angled up you should look for a long position and enter only when the candles are colored green. And when the pink lines are angled down you should look for a short position and enter only when the candles...
Hey there! Let's get into the details about dynamic rate indicators, how they work, their importance, usage, and benefits in trading. Dynamic rate indicators are essential in trading as they help traders assess the volatility and risk level of the market, so they can make the right trading strategies and risk management measures. When it comes to the importance...
This indicator plots the opening range for each of the market sessions. Users can chose the length of the opening range, as well as change the time for each of the sessions. This script is based on opening range breakout strategies, which entail taking a long/short depending on which way the price breaks out. To trade it, we wait for the session opening range to...
This indicator is based on the "Linear Regression Channel (Log)," which, in turn, is derived from TradingView's "Linear Regression Channel." The "Regression Line (Log)" indicator is a valuable tool for traders and investors seeking to gain insights into long-term market trends. This indicator is personally favored for its ability to provide a comprehensive view...
█ Overview The Fibonacci Structure & Trend Channel (Expo) is designed to identify trend direction and potential reversal levels and offer insights into price structure based on Fibonacci ratios. The algorithm plots a Fibonacci channel, making it easier for traders to identify potential retracement points. Additionally, the Fibonacci market structure is plotted...