#### ENGLISH #### This script visualizes divergences between the price and new highs and new lows in the US stock market. The indicator should be used exclusively on the US stock indices (timeframe >= D). This is the indicator for the main chart. It should be used together with the subchart indicator of the same name. In order to get the same results between the...
#### ENGLISH #### This script visualizes divergences between the price and new highs and new lows in the US stock market. The indicator should be used exclusively on the US stock indices (timeframe >= D). This is the indicator for the sub chart. It should be used together with the main chart indicator of the same name. In order to get the same results between the...
This is the Histogram Version of one of my other indicators named: SQZ Momentum + 1st Gray Cross Signals (with arrows) Which is a modification of "Squeeze Momentum Indicator" by user: "LazyBear". In that indicator of his he described, and suggested, the use of his gray cross signals to find points of interest for trading based on the direction of momentum...
Taking the average daily range from low to high or high to low isn't the "best" way to get an idea of how much to set targets. So, I made this indicator to make the system better. This indicator calculates the daily range from Open to High on Bullish Days & Open to Low on Bearish Days . Nobody can catch the absolute low of the day on bullish days and get out at...
Buy condition =>ORB range 9:20-9:25. On 5 min TF if candle breaks high and next candle break high of that candle. buy signal when third candle breaks high of 2nd candle Sell condition=>ORB range 9:20-9:25. On 5 min TF if candle breaks low and next candle break low of that candle. sell signal when third candle breaks low of 2nd candle this indicator is extended...
This fulfills a request from user: iTibu to make an oscillator to go along with one of my indicators named: " Volume Crop ━ Hidden Volume Divergence ". It essentially does the same thing, without the Midline Tool , so you can better understand where the crosses are happening. Again, the hidden MACD Divergence circles formula originated from TheLark. I...
This indicator shows the percentage of the upper and lower wicks in reference to the entire candle. Is recommended to use with white background.
The Average Deviation Bands indicator is a technical analysis tool that plots multiple bands around the average price of an asset. These bands are calculated using the standard deviation of the asset's price over a specified time period, as well as the average price of the asset over the same period. However, it's important to note that the standard deviation is...
Level: 1 Background In Traders’ Tips in January 2023, Vitali Apirine published an article in the January 2023 issue, “True Range Adjusted Exponential Moving Average (TRAdj EMA)”. I use pine v4 to script it. Function Vitali Apirine's article True Range Adjusted Exponential Moving Average (TRAdj EMA) presents how a security's True Range, which measures...
Level: 3 Background One of my favourite tool to see fast trends which is simple but powerful. It runs under below market logic. Function Best cose line is a tool to model the people's mood and preference in the market. I define a typical price as wcx, when wcx is above the best cost line, which means traders are willing to use higher price to buy, then if you...
This is a script to color code bars based on the bullish- and bearish combination. Bullish Combination Percent: Price >= 4% from yesterday and Volume today > Yesterday Dollar: Price >= 0.9 dollar from open Base Requirements - Price > Yesterday's close - Price > Open - Price is within 30% of high - Todays price range >= Yesterdays price range - Yesterday's...
The Pine Script strategy that plots pivot points and trend lines on a chart. The strategy allows the user to specify the period for calculating pivot points and the number of pivot points to be used for generating trend lines. The user can also specify different colors for the up and down trend lines. The script starts by defining the input parameters for the...
Get a snapshot of the market with the index's last price, distance to selectable moving averages, and breadth data. Choose to see data based on the Nasdaq or SPX, as well as net highs / lows for the Nasdaq, NYSE or combined. Snapshot shows: - Index's (SPX or Nasdaq's) last price - Put call ratio - % of stocks above the 50 day moving average for the index...
Trop Bands is a tool that uses an exponential moving average (EMA) as its central trendline and upper and lower bands to identify potential buying and selling opportunities in the market. The bands are calculated based on recent moves away from the EMA, and they are plotted around the central trendline to provide a visual representation of market trends and...
Dear Traders.. This Startgy use the 3 tools 1- Trend Detection 2- draw the Ascending and Descending channels 3- Use the 3 Moving average for take the acceptant for position entry. If ascending channel and make the buy signal, then watch the EMA 2 if the price above the 2 EMA you can open the Long position. SL alittle under the 2 EMA Curve. for short position...
Earlier this week, published an idea on how harmonic patterns can be used for trend following. This script is an attempt to implement the same. 🎲 Process 🎯 Derive Zigzag and scan harmonic patterns for last 5 confirmed pivots 🎯 If a pattern is found, highest point of pattern will become the bullish zone and lower point of the pattern will become bearish zone. 🎯...
Simple indicator that shows the various daily sessions and includes a pip counter for every different session.
Hello, I use this script daily so I thought it might help some of you guys out! WHAT IS THE SCRIPT This script can show two custom trading sessions and up to three specific dates and hours to keep in mind while trading (for example a news release). WHY USE THE SCRIPT My trading plan tells me to trade from 08:00am to 10:00am (GMT+1) and not to let open trades...