PFCF Price Band shows price calculated using the previous period's high and low P/TTM FCFPS (TTM's price to free cash flow per share over the last 12 months) multiplied by TTM's current FCFPS ( Similar to price theory = P/E x expected earnings per share) If the current P/FCFPS is lower than the minimum P/FCFPS, it is considered cheap. In other words, above the...
Percentage Grid Indicator Description: The Percentage Grid indicator is designed to assist traders in identifying significant support and resistance levels based on yearly percentage changes. This indicator plots horizontal lines on the chart from the start of the year, allowing you to customize how much percentage each line represents. Currently, you can set...
Introducing the CME Gap Oscillator , a pioneering tool designed to illuminate the significance of market gaps through the lens of the Chicago Mercantile Exchange (CME). By leveraging gap sizes in relation to the Average True Range (ATR), this indicator offers a unique perspective on market dynamics, particularly around the critical weekly close periods. Key...
**Standard Error Bands Indicator: A Statistically Robust Tool for Trend Analysis** The Standard Error Bands (SEB) indicator is a powerful technical analysis tool designed to help traders identify and assess trends with greater accuracy. Unlike traditional band indicators (e.g., Bollinger Bands) that rely on price averages, SEB leverages linear regression and...
HELLO, EMA VERSION OF CPR. This indicator is proprietary so do not copy.
This trading indicator, designed using Pine Script, incorporates two simple moving averages (SMAs) with the same length but different data sources. Here's a detailed description of the indicator: ### Indicator Overview **Name:** Two Moving Averages ### Inputs 1. **Length (20):** The period over which the moving averages are calculated. Both moving averages use...
Double EMA and 200 EMA Indicator Overview: The Double EMA and 200 EMA indicator combines two exponential moving averages (EMA) to provide insights into short-term and longer-term trends in a financial instrument's price movements. Components: Double EMA: Calculation: The Double EMA is derived by applying the EMA formula twice to a given price series. First, an...
Linear Regression Channels are useful measure for technical and quantitative analysis in financial markets that help identifying trends and trend direction. The use of standard deviation gives traders ideas as to when prices are becoming overbought or oversold relative to the long term trend The basis of a linear regression channel Linear Regression Line – is...
This indicator was specifically designed to plot levels published by Walnut on SPY and ES charts. In the indicator's configuration settings, you are required to input the desired levels in the following format: (Description), (Description), (Description), .... Additionally, you have the option to configure whether to display labels and if those labels should...
5 simple moving averages. You decide: 1. The type of moving average 2. The length of the moving average 3. To show Bollinger Bands 4. To show VWAP.
Strategy Overview: The strategy combines a range filtering technique with additional conditions based on RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence). Code Breakdown: Inputs: source: Price source for calculations (default is close). per1, per2: Periods used for calculating average range. mult1, mult2: Multipliers for adjusting...
Hello Reader! What is Supertrend indicator ? The Supertrend Indicator is a popular technical analysis tool designed to assist traders in identifying market trends. The indicator combines the average true range (ATR) with a multiplier to calculate its value. This value is then added to or subtracted from the asset’s closing price to plot the supertrend...
### Golden Area Indicator Description The "Golden Area" indicator is a technical analysis tool designed to assist traders by identifying potential buy and sell signals based on moving averages and support/resistance levels within a specific time frame. This indicator can be applied directly to price charts. #### How It Works 1. **Inputs:** - **MA50 Length:**...
This script is designed to navigate through the ebbs and flows of financial markets. At its core, this script is a sophisticated yet user-friendly tool that helps you identify potential market turning points and trend continuations. How It Works: The script operates by plotting two distinct lines and a central histogram that collectively form a band structure:...
█ OVERVIEW The "Price Action Reversion Bands" is designed to help traders identify potential reversal zones through the integration of polynomial regression, fractal analysis, and pinbar detection. This tool overlays directly onto the price chart, providing dynamic visual cues and signals for market reversals. Its unique synthesis of these methodologies offers...
Strategy Definition: The script starts by defining the strategy with the strategy function. Bollinger Bands Calculation: Calculate the Bollinger Bands using the ta.sma and ta.stdev functions. RSI Calculation: Calculate the RSI using the ta.rsi function. Signal Generation: A buy signal is generated when the price crosses above the lower Bollinger Band and the...
CZ's Hybrid Indicator is designed to provide traders with key support and resistance levels, buy and sell signals, and trend analysis. Functions and Usage: Support and Resistance Calculation: The indicator calculates support and resistance levels using the lowest and highest prices over a specified period (srLength), defaulted to 20 bars. Usage: These levels...
This Pine Script indicator in TradingView creates weekly labels for each trading day (Monday to Friday) and generates buy/sell signals based on a swing calculation: Weekday Labels Purpose: Labels each trading day of the week with different colors. Implementation: Initializes variables for labels (mondayLabel, tuesdayLabel, etc.). Uses dayofweek function to...