Introducing the Ultimate Balance Oscillator: A Powerful Trading Indicator Built upon the renowned Rate of Change (ROC), Relative Strength Index (RSI), Commodity Channel Index (CCI), Williams Percent Range, and Average Directional Index (ADX) from TradingView, this indicator equips traders with an unparalleled understanding of market dynamics. What sets the...
The David Varadi Intermediate Oscillator (DVI) is a composite momentum oscillator designed to generate trading signals based on two key factors: the magnitude of returns over different time windows and the stretch, which measures the relative number of up versus down days. By combining these factors, the DVI aims to provide a reliable and objective assessment of...
The script below is designed to show up to 4 different trading sessions i.e. London, New York, Tokyo and Sydney sessions, it also displays the days each session is taking place in as well as two horizontal lines one for the previous days high and the other for the previous days low. It also displays a table that shows the user the highest and lowest price for 4...
TTP VIX Spy is an indicator that uses data from TVC:VIX to better time entries in the market. The assumption used is that when the VIX is coming down from the top of its range then the risk on assets can move to the upside and when the VIX is is pushing higher there's a high likelihood or risk on assets going down. This indicator observes the momentum of VIX...
The Stochastic Distance Indicator was created by Vitali Apirine (Stocks and Commodities Jun 2023 pgs 16-21), and this is a new method that measures the absolute distance between a price and its highest and lowest values over a long period. It uses the stochastic formula to create an oscillator using this distance value and smooths the value. Obviously, there is a...
The ADW - Volatility Map script is a tool for traders to measure and visualize the volatility of a specific asset. It uses both the Average True Range (ATR) and True Range (TR) values in combination with the Commodity Channel Index (CCI) to provide a comprehensive map of the market's volatility. Average True Range (ATR) : ATR is a measure of market...
ADW - Momentum is a trading indicator based on the Relative Momentum Index (RMI) and Exponential Moving Averages (EMAs). This indicator plots the RMI along with its EMAs and highlights regions where RMI crosses its slow EMA. Additionally, it provides alerts when the momentum flips bullish or bearish. Key Features: The RMI helps to identify momentum in the...
This script calculates the convergence divergence and breakouts from the deviations for a fast and slow linear regression slope. This can be used to predict major market moves before they happen. For users familiar with MacD, the blue line is similar to the MacD line and the orange line the signal. The difference is this is not a moving average comparison...
"Top and bottom Hunter" indicator combines two popular technical analysis tools, Fibonacci retracement levels and the Relative Strength Index (RSI), to identify potential trading opportunities in the market. Fibonacci retracement levels are based on the Fibonacci sequence, a mathematical series where each number is the sum of the two preceding ones. In trading,...
"The Advanced Choppiness Indicator with CPMA is a technical analysis tool designed to assist traders in identifying choppy market conditions and determining trend direction. It combines two key components: the Choppiness Index and a Custom Price Moving Average (CPMA). The Choppiness Index is calculated using the Average True Range (ATR), which measures market...
Japanese below / 日本語説明は下記 This indicator shows MACD with its colors changing based on trend strength. The purpose of this indicator is to visually understand phases of trends, which are beginning, advancing and ending, measuring the range between MACD line and signal line. Since MACD is originated from moving average, the range between MACD line and signal line...
Level 1 Background Vitali Apirine published an article of “The Stochastic Distance Oscillator” on June 2023. I rewrite it for pine script. Function Vitali Apirine offers a new twist on the classic stochastic oscillator, which he calls "Stochastic Distance Oscillator" (SDO). The SDO is an impulse study that shows the size of the current range versus the...
Hello, I'm a passionate trader who has spent years studying technical analysis and exploring different trading strategies. Through my research, I've come to realize that certain indicators are essential tools for conducting accurate market analysis and identifying profitable trading opportunities. In particular, I've found that the RSI, SRSI, MACD cross, and Di...
This strategy uses the MACD indicator to determine buy and sell signals. In addition, the strategy employs the use of "TrueLevel Bands," which are essentially envelope bands that are calculated based on the linear regression and standard deviation of the price data over various lengths. The TrueLevel Bands are calculated for 14 different lengths and are plotted on...
Hello Traders ! Looking for better trading results ? "This indicator shows you how to identify price reversals in a timely manner." John F. Ehlers Introduction : The Gaussian Fisher Transform Price Reversals indicator, dubbed FTR for short, is a stat based price reversal detection indicator inspired by and based on the work of the electrical engineer now...
Hello, This software is a technical analysis script written in the TradingView Pine language. The script creates a trading indicator based on Fibonacci retracement levels and the RSI indicator, providing information about price movements and asset volatility by using Bollinger Bands. There are many different scripts in the market that draw RSI and Fibonacci...
Introducing the Advanced MACD Chebyshev Indicator Enhanced Convergence Divergence with Gate Compressor for Improved Trading Signals Introduction We are excited to introduce a new, advanced Moving Average Convergence Divergence (MACD) indicator that we've developed, called the MACD Chebyshev (CMACD). This innovative indicator uses the dominant period to...
One of the key features of this BB%B is its ability to highlight overbought and oversold conditions. This allows you to make informed decisions on when to enter and exit a trade, helping you maximize your profits and minimize your losses. - Bollinger Bands %B with the ability to change to a different Time Frame.(Defaults to current Chart Time Frame). - Ability...