This indicator uses a histogram to represent "fair value gaps" ("FVG"). FVG is a popular pattern among modern traders. This document describes the purpose of the script and discusses the conceptual meaning of "fair value," as well as the connotations attached to it. █🚀 Based on the previous script - improved clarity This indicator is a modified version of the...
––––HISTORY & CREDITS 🏦 The Three Weeks Tight Close pattern is a technical analysis pattern that occurs when a stock closes at nearly the same price for three consecutive weeks, suggesting a period of consolidation before the stock moves in a new direction. The concept of "line of least resistance" as mentioned by Jesse Livermore is closely related to this...
This script analyzes the effectiveness of support and resistance (S&R) levels by examining their impact on price action. It measures the compression or reversion of price action around these levels to determine their overall performance. To use the script, simply copy and paste the Moving Average (MA) or desired level script that you want to test. The results...
The Candle Combo Screener allows you to see candlestick combinations for up to 5 different tickers at the same time . If one of the candle combination is detected the corresponding cell will be highlighted to alert you. Candle Combinations Detected Bullish Kicker Bullish & Bearish Oops Reversals Open Equals High / Low Inside Day Select any 5...
price action strategy. green dot comes when high is greater than previous two high and same thing with rsi . red dot comes when low is less than previous two low and same thing with rsi .
Plotting a configurable higher timeframe on current chart's timeframe helps visualize price movement without changing timeframes. It also plots FVG and Volume Imbalance on the higher timeframe for easier visualization. With ICT concepts, we usually wait for HTF break of structure and then find an entry on a lower timeframe. With this indicator, we can set it to...
(republished as previous version did not meet Tradingview house rules) This indicator marks out majority Algohub concepts - which will help your system become fully mechanical if it isn't already. Here are all of the concepts and features included in the indicator: Timeframe - You can select the timeframe of the indicator (has to be higher or equal to the...
Cuban's Open Interest Spaghetti is an indicator built for traders to track the open interest changes of highly correlated markets, spreads, and ecosystems. The tool provides three different viewing modes for tracking open interest; a rolling bar lookback, a specific data and time anchor, and a visible range -- similar to the native Tradingview 'Compare'...
Traffic Light Signal (TLS) is simple and most easy setup to trade. How The Traffic Light Signal Works ? First You have to find a Green and red candle pair or red and green candle pair then mark there highest high and lowest low with the help of line tool. if High breaks go for Buy and when low breaks go Sell. Avoid Doji candle Pair to get better result....
Description: Power of Three ( PO3 ) is one of the many concepts introduced by the Inner Circle Trader , and inspired by Larry Williams . The PO3 represents a three staged Smart Money campaign: Accumulation , Manipulation , and Distribution ( AMD ). This tool helps to build narrative, as well as spotting important institutional levels. ICT traders assume...
The RexDog Key Levels indicator plots the weekly open, daily open, and the previous day vWAP close. These are all critical price levels (zones) to know when trading any market or instrument. These areas are also high probability reaction areas that you can trade using simple confirmation trading patterns. First, I'll cover an overview of the indicator then I'll...
█ OVERVIEW This indicator simply plots multi-part double trends and should be used in conjunction as a visual aid to my Double Trend Counter indicator. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower...
––––HISTORY & CREDITS 🏦 This script is based on the IPO Trading Lifecycle Trade Methodology by Kathy Donnelly and her team. It provides an implementation of their research on effective buy and sell rules for IPOs and Super Growth Stocks. The goal of this script is to help traders identify the best-performing sell rules, such as Ascender, Midterm, 40-Week, and...
█ OVERVIEW This indicator automatically projects parallel trendlines or channels, from a single point of origin. In the example above I have applied the indicator twice to the 1D SPXUSD. The five upper lines (green) are projected at an angle of -5 from the 1-month swing high anchor point with a projection ratio of -72. And the seven lower lines (blue) are...
█ OVERVIEW This indicator automatically projects trendlines in the shape of a fan, from a single point of origin. In the example above I have applied the indicator twice to the 1D SPXUSD. The seven upper lines (green) are projected at an angle of -5 from the 1-month swing high anchor point. And the five lower lines (blue) are projected at an angle of 10 from...
Credit to © Jesus_Salvatierra for VWAP script This script help you find a trend in momentum stock that is about to breakout and shows resistance point. This script utilizes Bollinger bands VWAP and is good for intra day charts. VWAP, or Volume Weighted Average Price, is a technical analysis tool used to measure the average price a security trades at during...
Get data for gaps with Gap Analyzer Change the gap mode in settings to switch between a Gap Up (default) or Gap Down Change the threshold for the minimum (Gap Up) and maximum (Gap Down) gap Change Data Years -> Years of the look back period to calculate the stats Retrieve valuable information for past statistics on how the instrument behaved with the...
The SamuTAL beta1 STOCH sell and buy indicator is a technical plugin based on a modified stochastic oscillator that provides confirmation signals for both buying and selling trades in the market. This indicator has been designed to be used in conjunction with volume analysis, which enhances the accuracy and effectiveness of the generated signals. A sell signal is...