Presenting Squeeze Range: Bollinger Bands / Keltner Channels TTMSqueeze method is a volatility and momentum indicator introduced by John Carter of Simpler Trading, which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range. How did I make this indicator? The Bollinger Bands & Keltner Channels base scripts are...
In this indicator, I show you a better way to define high/low values of volume (or any other indicator). Quite often, I get requests from my clients that an indicator level should be “high” or that it should be above a certain absolute level. The first request is hard to interpret mathematically, but traders can easily spot it on the chart. The second one is not...
This indicator is intended to reduce market noise by averaging "Heikin-ashi" a few more times. You can set the number of averages and how the closing price is calculated. The Modes: There are several presets. The "Mode 1" is more conservative and flips fewer times, but with less noise. (Averaged by 5 times, Close calculated by oc2) The "Mode 2" is more...
This is experimental moving average doesn't use a period/length but instead buffers the price per share and transfers that price per share at a given ratio per bar while also releasing the previous values at a decay ratio. The idea is that volume is the engine by which the price moves but spikes in volume can cause noise. By having a buffer of price per share...
How it works This is a confirmation indicator based on moving averages. It compares the current price to a previous candle N periods ago, then smooths the result. What makes this indicator novel is that it takes the smoothed curve and compares it to the previous value to see whether the slope is increasing or decreasing. Combined with a zero-cross baseline...
(OVERVIEW) The idea of this indicator comes from traders identifying supply to mainly look for shorts. Scenarios would be gap ups or pump & dumps where huge volume is transacted, & bag-holders are present. Some traders would draw resistance lines, I myself used to draw supply zones using the volume profile on that day, & others used the day VWAP on those days....
Imagine bollinger bands, but instead with multiple customizable moving averages. MAZ contains moving averages that act as support and resistance. This can lead to potential use for stop loss and take profit decision-making along with potential signs of reversals. Features Areas of Confluence Display Options Data Window Default Settings (with Data...
These unified indicators are used for a 5-minute scalping strategy. We regularly look for the RSI to be overbought and the price to be outside the bollinger bands as the main analysis. This serves as a search protocol, to then analyze the price action by visually assisting us with 4 exponential moving averages to see wear or breakout of a move. It also adds the...
This Pine Script for TradingView is a technical analysis tool that visualizes the average of several popular indicators in the trading world. The indicators included are the RSI (Relative Strength Index), RVI (Relative Vigor Index), Stochastic RSI, Williams %R, relative MACD (ranging from 0 to 100), and Bollinger Bands price distance from 0 to 100. The script uses...
This indicator allows you to view DTR vs. ATR % for multiple instruments. When colors are Red the instrument is near 90% of its daily ATR.
aka weighted fair price The ultimate price source for all your stuff, unless you go completely nuts. The ultimate way to build line charts & do pattern trading, unless you go completely nuts. Why occ3? You need a one-point estimate for every bar, a typical price of every bar aye? But then you see that every bar has a different distribution of prices. You can...
purpose :implementation of MAD Mean Absolute Deviation in pinescript implementation by : patmaba type : measures of spread Mean absolute deviation The mean absolute deviation of a dataset is the average distance between each data point and the mean. It gives us an idea about the variability in a dataset. Here's how to calculate the median absolute deviation. Step...
This script is a variation of the popular Bollinger Bands indicator, which uses exponential moving averages (EMA) instead of simple moving averages (SMA) as its core calculation. The indicator is designed to provide a visual representation of volatility, with the distance between the upper and lower bands being determined by the standard deviation of the...
The "Interpolated SMA" indicator is a technical analysis tool that uses a mathematical formula to smooth out fluctuations in the data and provide a clearer picture of the underlying trend. It is a variation of the Simple Moving Average (SMA) indicator, which is widely used in technical analysis. The key difference is that while the SMA indicator uses a fixed...
Credit to AkifTokuz I would like to give the credit to AkifTokuz, I built this indicator based on AkifTokuz's WRBHD indicator code. What is added? I have added the visual block to show the hidden gap (HG). The visual dovetailed the full range of the hidden gap. The size of the block give you a good idea on the strength of the hidden gap, namely a bigger...
- Simultaneous display of RSI values on cells corresponding to each selected timeframe, organized in an intuitive table, adjustable in size and position. - Color indicator on each cell that presents RSI values within the overbought and oversold levels. example: if the user wants to set the O.S/O.B levels to 20 - 80, the colored cells will only appear at "RSI"...
The script is an implementation of an indicator called "PPMA", which stands for "Pivot Point Moving Average." This indicator is designed to be used as a overlay, meaning that it will be plotted on top of the underlying asset's price chart. The main function of the PPMA indicator is to calculate a moving average based on pivot points of the underlying asset. Pivot...
This indicator will display the strength of 8 currencies, EUR, AUD, NZD, JPY, USD, GBP, CHF, and CAD. Each line will represent each currency. Alongside that, Fibonacci levels will be plotted based on a standard deviation from linear regression, with customizable lengths. For more steady Fibonacci levels, use higher lengths for both Standard Deviations and Linear...