💡 Japanese Candlesticks are a visual representation of price movements in financial markets. They were first developed by Japanese rice traders in the 18th century to analyze the price of rice contracts, and have since been adopted by traders across the world for a wide range of assets. 📌 A candlestick is composed of a rectangular body and two thin lines, known...
I suppose it's time to publish something relatively useful :). Here's the first try, Any Screener. This script is an advanced version of the Alphatrend - Screener that I've coded as a humble "thank you" to Kıvanç Özbilgiç (KivancOzbilgic), who always inspired me. INTRODUCTION I developed this version with a unique method because I couldn't find an example with...
The Moving Average ATR Extension Indicator offers a powerful blend of two key market elements: the Average True Range (ATR) and Moving Averages (MA), capturing the dynamics of market momentum and trend direction. This indicator is used to measure market extension from a user-selected moving average based on multiples of the Average True Range (ATR). By doing...
In trading, the “Previous Open/High/Low/Close” (or previous OHLC) refers to the opening, high, low and closing price of the instrument in the previous period. These prices are typically used in technical analysis to identify trends and patterns and to make trading decisions. Some traders may also use the differences between the opening, high, low and closing...
This script calculates the current price percentile based on the highest and lowest price range in the last 52 weeks. How to Use: This script will provide the current price percentile relative to the 52-week price range on your chart. You can use it as an indicator to help identify where the current price stands relative to the historical price range in that...
This calculator is a tool designed for traders who trade on the financial markets with instruments like gold (XAUUSD) and silver (XAGUSD). It helps you determine the appropriate lot size to trade based on your account balance, desired risk percentage, and stop-loss size in pips. Here's how it works: Account Balance: You input your account balance in US dollars...
# Double Relative Strength Index (Double RSI) Indicator The Double Relative Strength Index (Double RSI) is a custom trading indicator for the TradingView platform. It provides traders with two Relative Strength Index (RSI) bands, a fast RSI, and a slow RSI, which can be helpful in identifying potential entry and exit points in the market. ## Features - **Uses 2...
Discover the Crude Oil Tops and Bottoms Predictor Indicator: Your Key to Market Precision! How to Use: Ideal for the daily chart. Wait for the colored background to form. Confirm signals by waiting for the first candle to close after the background disappears. That would be your sign to go long (if the line is crossing up) or short (if line is crossing dow)....
The provided code is a custom indicator that identifies specific price patterns on a chart and uses a 14-period Exponential Moving Average (EMA) as a filter to display only certain patterns based on the EMA trend direction. These code identifies patterns display them as upward and downward arrows indicates potential price corrections and short term trend reversals...
The DCA Liquidation Calculator is a powerful table indicator designed for both manual and bot-assisted traders who practice Dollar Cost Averaging (DCA). Its primary objective is to help traders avoid getting liquidated and make informed decisions when managing their positions. This comprehensive table indicator provides essential information to DCA traders,...
This indicator is designed to identify potential breaks and reversals in price movements for a financial instrument. The indicator displays several elements to assist users in spotting specific market conditions: 1. High and Low Pivots : The indicator marks the highest and lowest points on the price chart within a customizable lookback period. These pivots...
This indicator plots the current ATR value, and the Long and Short stop losses. Watch the indicator and move your stop loss to the Long or Short as necessary. Unlike other ATR indicators this one allows the user to customize the table placement of the ATR calculations, and the colors of each row on the table, and the text. The ATR factors can also be edited.
It's a little-known fact that gold prices move preceded oil prices by 20 months. If you don't believe me here is a short video from Tom McClellan discussing this www.cnbc.com This gives us one of the best and highly accurate indicators of what oil will do in the months to come. HOW TO USE. When adding the script to your charts it's important to make a...
"Relative Daily Change%" Indicator (RDC) The "Relative Daily Change%" indicator compares a stock's average daily price change percentage over the last 200 days with a chosen index. It plots a colored curve. If the stock's change% is higher than the index, the curve is green, indicating it's doing better. Red means the stock is under-performing. This...
The HyperTrend indicator aims to provide a real-time estimate of an underlying linear trend in the price. Support and resistance extremities are constructed from this estimate which can provide trade opportunities within the overall trend. Most tools that return lines on a chart are either subject to backpainting or repainting. We aimed to provide a reliable...
EMA-Deviation-Corrected T3 is a T3 moving average that uses EMA deviation correcting to produce signals. This comes via the beloved genius Mladen. The origin of the correcting algorithm can be attributed to Dr. Alexander Uhl, who developed a method to filter the moving average and identify signals. Originally, this method utilized standard deviation as a measure...
Hey everyone, Excited to release this indicator I have been working on. I conceptualized it as an idea a while ago and had to nail down the execution part of it. I think I got it to where I am happy with it, so let me tell you about it! What it does? This provides the user with the ability to quantify support and resistance levels. There are plenty of back-test...
The Bracket Trading Visualizer highlights locations in the past when a bracket trade would of won. 🔶 Purpose Show the opportunities a trader had in the past to give a intuitive idea of how to trade the chart. 🔶 How It Works Red color indicates the location a Short would of won. Green color indicates the location a Long would of won. Yellow color...