This indicator is a multi-timeframe indicator that works in any timeframe. It takes a price reading of the highest or lowest bar in the past based on Fibonacci numbers and plots it. In addition, the RSI smoothed by a 5-day moving average can be used to detect signs that previous highs or lows will be reached in advance. This gives insight into determining...
Broadening formations are common chart patterns observed by technical traders. A broadening formation is formed when the volatility of an asset increases, thus expanding the range of its price resulting in higher highs and lower lows. The Broadening Trendline indicator, works by looking for pivot points where a higher high or lower low is made compared to the...
With immense help from ©SimpleCryptoLife who reimagined this script for me, and to ©mmoiwgg and ©ocaptain who's ideas led to this updated version 5. This indicator is fairly straight-forward and visually appealing because you get a running zig zag price, price % change with an added bonus - RSI. However you won't find zig zag lines but the script reacts the same...
This is a 1 Minute Scalping Indicator based purely on price action of the current candle compared to the previous candle so there is no lag from using other indicators. It works great on all timeframes, but is designed for getting in and out of positions quickly using the 1 minute chart. The candles will paint according to the direction the price is currently...
This indicator is a beta and is created to indicate the valid high and low close pattern, this isn't a stand alone strategy or reader of the market but can help to read the trend direction. !ATTENCTION! this indicator have repainting, don't thrust it until a candle close some labels have more transparency than other, this is beacause they are lower high or ...
Japanese below / 日本語説明は下記 Overview What is difficult for beginner traders is to identify trend occurrence, continuation and reversal. This indicator visualizes market direction by changing background colors based on Dow Theory so that traders can visually grasp trends. Sample chart Functions 1.MTF Higher High/Lower High/Higher Low/Lower...
This indicator returns VWAP bands with a degree of smoothness resetting based on various user-selected events. The bands are constructed using a VWAP based naive standard deviation. The indicator can be anchored or start from the first bar and can be used as trailing support/resistance, in a moving average crossover system, or as source for external indicators. ...
See the highs and lows easily! Up sequence: The close of each candle is higher from the low of the previous candle. * The reference will always be to the low of the highest candle in the up sequence Down sequence: The close of each candle is lower from the high of the previous candle. * The reference will always be to the high of the lowest candle in the down sequence
TradiKator 09 HH HL LH LL & Linear Regression indicates whether current price movement exceed the trend or not. Here, we use Higher High,Higher low, Lower High, Lower Low to identify a possible change of trend. Also we use 2 Linear Regression Channels (short term & long term) to identify a price trend. I hope this indicator can help traders to estimate...
Based on Dow Theory, a series of successive higher highs (HH) and higher lows (HL) is the sign of an uptrend (bull trend) and a series of successive lower highs (LH) and lower lows (LL) is the sign of a downtrend (bear trend). So this script indicates the trends using the concept and draws corresponding trend lines. It took some effort to make it possible for...
Displays recent higher highs, lower highs, lower lows, and higher lows as a collection of local limit indicators. In its simplicity is a lot more powerful than might appear at first glance. Does not rely on volatility calculation. Can be linked together to create an objective view of recent support and resistance levels. Makes current trends more visible. ...
A simple script that I made that draws lines between the high and low pivots. The color of the line define if the pivot is higher or lower than the previous pivot. The main thing to tune is the pivot look back vs look ahead, which are the same params used by the tradingview pivot indicator. There are several other params you can tweaks to get the look you want.
The following moving average adapt to the average number of highest high/lowest low made over a specific period, thus adapting to trend strength. Interesting results can be obtained when using the moving average in a MA crossover system or as a trailing support/resistance. Settings Length : Period of the indicator, with higher values returning smoother...
A script I am working on to count higher highs and lower lows of levels. Still in progress... Once it's working it will add a shape or a new colored line when a target number of higher highs has been achieved.
Price indicator that shows the trend based on price movement. The indicator determinants when an asset price is getting higher or lower by comparing the previous price highs and lows to the current price. ==Explanation== In case current HL2 exceeds the previous HL2 HIGH then the columns will turn green. In case current HL2 fails the previous HL2 LOW then the...
Hello Traders, Here Double Zig Zag with HHLL script is with you. it calculates 2 Zig Zag simultaneously and draws them, and also it calculates and puts Higher High, Lower Low, Higher Low, Lower High labels. All these are done dynamically, it means last HH/HL/LL/LH can change. if price continues to go up then HL can turn to LL or if price continues to go down...
This script labels swing highs and swing lows as well as the candle pattern that occurred at that precise point. The script can detect the following 6 candle patterns: hammer, inverse hammer, bullish engulfing, hanging man, shooting star, and bearish engulfing. This indicator by its very nature backpaints by default, meaning that the displayed components are...
Level: 1 Background This script combines moving average processing with highest high and lowest low to disclose the "fingerprint" of a specific trading pair to describe its unique behavior. Function Moving Average Fingerprint for Long Entry is a Level 1 pine script. It utilize several moving average of inherent highest high and lowest low and combine them...