This is a modified OBV indicator that creates an oscillator by smoothing the difference between the value of the OBV and a short moving average of the OBV. SMAs of the oscillator are also provided to study crosses and convergence/divergence. The indicator should mostly be used on common stock, but works on futures contracts with some tuning and a shorter timeframe.
This script makes use of high-volume activity as an indicator of the presence of market participants accumulating orders in specific areas on a lower timeframe by detecting volume peaks to form order blocks. Mitigated order blocks are automatically hidden from the chart, also allowing users to be able to select two different mitigation methods "wick" and...
The Smart Disparity Index (SDI) is an optimized version of the Disparity Index indicator invented by Steve Nison (book "Beyond Candlesticks"). According to Steve Nison, "The disparity index (or disparity ratio), compares, as a percentage, the latest close to a chosen moving average", which means that the indicator gives the difference in % between the closing...
Reference: tlc.thinkorswim.com Logic changed to transition to an active box after one higher low only.
This indicaor is draw time(ex 09:15 nifty 50) high and low of candle .. for buy condition - 1) when price is crossing time candle high open a long trade 2) check for condition is this trade open less thn previous trade if both condition are true thn open a buy trade for sell condition - 1) when price is crossing time candle low open a short trade 2) check...
This script automatically detects horizontal support / resistance levels based on user-programmable criteria. For example, you can detect boundaries with >3 touches within 200 days, allowing a tolerance of 1/4*ATR. "Touches" are defined from pivots on the chart. The best way to search for larger/smaller patterns is to increase/decrease the pivot size.* ...
This indicator serves a purpose of a trend recognizer. It is able to tell you whether the market is bullish, bearish or if the price goes sideways. Process of determining the trend: - The indicator uses 3 moving averages to determine the trend - For each of these averages, there is calculated value change over a certain period. So, if the value of Moving...
A quick and easy "at a glance" display for the viewable candles. It does repaint, but that is a non-issue, as it is simply a quick and handy tool to visually see a quick peek at the visible range. The highest, lowest, and average are displayed, with labels for the percentage distance from the current close value and total range. Automatic color for each based on...
Its the part 2 of Multiple Indicators 50EMA Cross Alerts. Its more suitable for the seconds chart. Beside, you can use it in higher timeframe. The input bars length is the sample size that the code will use to trigger all alert. 20 mean 20 bar after the current candle. When you activate volume alert you can select an amount of volume that when volume cross it...
Percent Research is an indicator that will plot a color / column on the chart in case custom requirements are met. The requirements are: - Price : Price requirement (equal or above input). - Change % Up : Amount the price have moved up in percent (equal or above input). - Change % Down : Amount the price have moved down in percent (equal or below input). - ...
Moving Average Based Zig Zag differs from the traditional Zig Zag indicator in that pivot points are determined by a moving average, Volume Weighted Hull Moving Average, rather than looking for the highest or lowest point in a left / right period. Settings Source: the source for the pivot points. Moving Average Length: the length of the Volume Weighted Hull...
█ OVERVIEW This indicator show lines of OHLC which can be commonly used as support and resistance zones. OHLC can be shown table with candlestick visual. Color of candlestick depends on direction of bullish / bearish of the chosen candlestick. █ INSPIRATION Inspired by design, code and usage of CAGR . Basic usage of custom range / interactive, pretty much...
I've read around here various definitions for engulfs along the lines of "an engulf consumes all orders at a level to allow price to easily pass through it." . That doesn't make much sense to me, if the guys with billions of dollars want to break a level, they will break it and price will run off very often. We've seen it time and time again, they don't need to...
This is my quality of life indicator for forex trading using the methods and concepts of ICT. The idea is to automate marking up important price levels and times of the day instead of doing it manually every day. Killzones Marks the most volatile times of the day on the chart, during which the intraday high/low usually takes place. Particularly impactful...
I was exploring a simple idea how I can visualize the ticker performance against the underlying Index (or any other ticker) performance. how it works: When the line is moving up (blue zone), the ticker is performing better than the underlying index (e.g. SPX)(configurable). When the line is moving down (red zone), the ticker is performing worse than the...
This is a simple line tool that can give you active feedback based on the closing price. It is intended for a live chart whose ticker is not changed by the user every 10 minutes, like a general overview of an asset in a higher time frame. What can it provide: Price difference from the price to the line Price at the current collision point How to use it: When...
Level 2 Background A algo for pivot points forecast for each bar of automatic multiple timeframe (MTF) data. Function In financial markets, a pivot point is a price level that is used by traders as an indicator of market movement. Pivot points are averaged from important prices (highest, lowest, closing) based on the market performance of the previous time...
Level 2 Background A algo for pivot points forecast for each bar and its low tf data. Function In financial markets, a pivot point is a price level that is used by traders as an indicator of market movement. Pivot points are averaged from important prices (highest, lowest, closing) based on the market performance of the previous time period. There are many...