This is an original script based on a very old idea called the Benner Theory from the Civil War times. Benner discovered a pattern in pig iron prices (no clue what those are), and this turned out to be a parallel idea to indicators based on Fibonacci numbers. Because a year is 365 days (nearly 377, which is a Fibonacci number), made up of 52 weeks (nearly 55,...
This script helps you visualize the correlation between the price of an asset and 4 moving averages of your choice. This indicator can help you identify trendy markets as well as trend-shifts. Disclaimer Bear in mind that there is always some lag when using Moving-Averages, hence the purpose of this indicator is as a trend identification tool rather than an...
What ? We all heard about (well: over-heard) 5-EMA strategy. Which falls into the broader category of mean reversal type of trading setup. What is mean reversal? Price (or any time series, in fact) tries to follow a mean . Whenever price diverges from the mean it tries to meet it back. It is empirically observed by some traders (I honestly don't know...
The diagram shows Money Performance when buying stocks for 10 000 at every buy signal from the Intraday Mean Reversion indicator. The indicator is best used in combination with Intraday Mean Reversion Main Indicator The rules for trading are: Buy on Open price if the Intraday Mean Reversion Main indicator gives a buy signal. Sell on the daily close...
Session Killzones by 7Bridges indicator display the killzones of asian, LND and NY sessions. There is also a custom session of your choice. The times of each killzone are GMT time and you can adjust it in the settings. You have also the beginning of the day, GMT and EST timezones. By default the killzones are set like that on the GMT/UTC timezone : -> Asia :...
V 0.1 Daily, weekly and monthly important key levels for trading options. FYI: Not fully functional. It will take ongoing effort to complete the algo.
DB Support Resistance Levels This indicator plots historic lines for high, low and close prices. The settings allow up to 3 periods to be configured based on the current timeframe. Users can toggle the display of high, low or close values for each period along with customizing the period line color. The indicator does not use the security function. Instead, it's...
This is a "Supply and Demand" script designed to help traders spot potential levels of supply (resistance) and demand (support) in the market by identifying pivot points from past price action. Differences from Other Scripts: Unlike many pivot point scripts, this one offers a greater degree of customization and flexibility, allowing users to determine how many...
The Intraday Mean Reversion Indicator works well on certain stocks. It should be used for day trading stocks but need to be applied on the Day to Day timeframe. The logic behind the indicator is that stocks that opens substantially lower than yesterdays close, very often bounces back during the day and closes higher than the open price, thus the name Intraday...
The Inside Candle strategy is a popular price action trading strategy that can be used to trade in a variety of markets. Here's how you can trade the Inside Candle strategy using the Pine script code provided: 1. Identify an Inside Candle: Look for a candlestick pattern where the current candle is completely engulfed within the previous candle's high and low....
The Crypto Trend Indicator is a trend-following indicator specifically designed to identify bullish and bearish trends in the price of Bitcoin, and other cryptocurrencies. This indicator doesn't provide explicit instructions on when to buy or sell, but rather offers an understanding of whether the trend is bullish or bearish. It's important to note that this...
This oscillator helps filtering specific conditions in the market based on open interest (OI) and the ratio of longs and shorts (LS) for crypto assets. Currently it works with BINANCE:BTCUSDT.P but soon I'll be adding support for more assets. It flags areas of interest like: - Too many longs, too many shorts in the market - Open interest too high or too...
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...
Combines 3 different moving averages together with the linear regression. The moving averages are the HMA, EMA, and SMA. The script makes use of two different lengths to allow the end user to utilize common crossovers in order to determine entry into a trade. The edge of each "cloud" is where each of the moving averages actually are. The bar color is the average...
Psychological levels (Bank levels) plots the closest "round" price levels above and below current price, based on neuroscience research of how humans intuitively calculate in logarithms. Psychological levels, also called bank levels, are "round" price numbers, by truncating after the nth leftmost digits, around which price often experience resistance or support,...
It is a simple and effective tool for trading on moving averages. The main advantage is that an ATR-based risk management system is included here. The system is based on the work of FullTimeTradingRu and the FBMA indicator How to use the system: 1. I recommend using a daily timeframe. 2. Look for a rebound from the moving average, the most effective 20 Ema....
What does this script do? This script plots previous aggregation highs or lows based on the trend of the candles. Scenario 1 -> Up Trend If the previous high of a candle is violated the green trail line will trail using the lows of the prior candle. It will continue until a previous low is violated. Once a previous low is violated it will switch to scenario...
The True Trend oscillator identifies trending or ranging markets with a stochastic ATR and RSI. Here are some examples for how it can be used. Uptrends If the candlesticks are lime green, this signals an uptrend. On the oscillator, you can identify an uptrend if the bull strength (the green line) is above the bear strength (the red line). The strength of...