The 9:20 AM 5-Minute Candle refers to the candlestick that represents the price action of a financial asset between 9:20 AM and 9:25 AM on a trading day. This candle is observed on a 5-minute chart and captures all the market activity during this specific time window. Description: Timeframe: 9:20 AM to 9:25 AM (5-minute interval). Opening Price: The price at...
A T-wave might describe a pattern where the price movement forms a "T" shape on the chart, which could involve: Strong Vertical Movement (The Stem of the T): This could represent a sharp, decisive move in one direction (up or down), often occurring in a single candle or a few candles. This movement could be seen as the "stem" of the T. For example, a sudden...
The Prometheus Volatility EMA is an indicator that calculates an Exponential Moving Average with the historical volatility as how we decide how sensitive to make the indicator to the most recent data. A traditional EMA is calculated like this: EMA = alpha * source + (1 - alpha) * EMA , where alpha = 2 / (length + 1) Sourced from TradingView’s ta.ema built in...
Envelope with Kernel Selection Indicator Overview The "Envelope with Kernel Selection " is a versatile technical analysis tool designed to help traders identify market trends and trading signals. This indicator allows traders to spot signals in two primary ways: through the plotshape markers, which indicate specific price crossovers, and via the background...
This Pine Script indicator displays horizontal lines representing the high and low levels of the previous trading day, extending them to the right side of the chart for better visibility. It updates automatically at the start of each new trading day. Features: Daily High and Low Levels: Marks the high and low levels of the previous day with horizontal lines. ...
NEXT BAR Percentages Indicator This Pine Script code implements the "NEXT BAR Percentages" indicator, designed to analyze and display percentage changes between consecutive bars on a TradingView chart. The script provides valuable insights into how percentage changes in price behave after significant price movements, aiding traders in identifying potential...
What is this indicator - This indicator is color coded for showing the opening range of the market. Ideally to be used with 5min, 10min or 15mins. Any candles that has its high / low within the opening range - the candle will be highlighted in RED. How to use this indicator - For beginners, this indicator is useful to determine the trend based on open. If the...
The Cauchy probability distribution is a distribution that is better suited to be used on non normal data, such as stock returns. Markets characterized by volatility and fat-tails can be better modeled like this. This script provides two values to a user. The blue line represents the probability for the underlying to rise. The purple line represents its...
Explanation: 1. Bullish Large Candle: The first candle is defined as bullish, where the closing price is much higher than the opening price. It also needs to have a large body (at least 60% of the total candle height). 2. Small Bearish Candle: The second candle is bearish and closes near the high of the previous bullish candle, with a relatively small body. 3....
The ranges that have blue highs & orange lows have been broken out of & may get re-tested as "support". Prefer this candle range to be an expansion with neutral wicks. The ranges that have red highs and green lows have generated interest (inside-bars) in the market, where the first end will get turtle souped and the second will be the draw on liquidity. Prefer...
EMA Trader Trap Detection Indicator This indicator is designed to highlight how market movements often induce retail traders using traditional indicators, such as moving averages, into positions that get trapped, leading to stop-loss (SL) hunts. Many traders rely on simple indicators like the EMA for trend-following strategies. However, the market frequently...
This script identifies and highlights consecutive lower shadows on candlesticks in TradingView. A lower shadow is the portion of the candlestick between the low price and the lower of the open or close prices, often indicating price rejection at lower levels. Key Features: Threshold Settings: The user can customize the minimum length of the lower shadow...
the chart uses stochastic RSI 60 and 100 days along with OBV volume to find out potential breakout stocks
Pre Market HL, Opening Range HL for New York Session
█ OVERVIEW This script provides a visual tool for traders to track the New York Midnight (NY Midnight), a significant time marker for those who rely on New York’s financial markets. The script calculates the exact moment of midnight in New York and places a vertical line on the chart at this time, helping traders identify when a new trading day begins according...
The Prometheus Volatility Stop is an indicator designed to give you a moving risk metric along with a custom Moving Average cross. After a calculation of the annualized volatility for the specified lookback period we determine bullish or bearish from the moving averages and plot the Volatility Stop accordingly. User Input: A user can select from Hull Moving...
Used find doji/pinbars after a Big candle showing the potential Morning/Evening star formation after x amount of consecutive up moves. 1. Doji Threshold (dojiThreshold) What is a Doji?: A doji is a candlestick pattern where the opening and closing prices are very close to each other. It represents indecision in the market. Threshold Explanation: The dojiThreshold...
The "Uptrend and Close to SMA" indicator is designed to help traders identify when the price of a stock is in an uptrend and is trading near its Simple Moving Average (SMA) over a user-defined period. The indicator uses multi-timeframe analysis, allowing the user to select different timeframes for calculating the SMA. Key Features: SMA Calculation: The indicator...