Price action formation like a confirmation to get in to the trade. Based on 3 candles. 2HH formation= High-> higher high-> open above and close below high of the first bar. 2LL formation= Low-> lower low-> open and close above low of the first bar.
You specify a horizontal line by value, start date/time, and end date/time, and choose a data source (bar close is the default) and it will label count how many times that source crosses that line between those dates/times. Enter the start and end dates for your horizontal line as MMDDYY and HHMM (24 hour time). : Jan 17, 2020 would be 11720 (properly it would...
5min with the Daily overlay 4hour with the Weekly overly This Script was influenced be Chris Moody's OHLC Script. I have created my version of the script and used it to Overlay Daily/Weekly/Monthly Candles over any chosen Intraday Time Frame. **Important** The "Stepline" Line style function in pine script is defective so anyone who wants to use this must...
Hi Everyone Usually I need Price Change info and I believe most of you need this info too. I want to see how it increased/decreased. I automate this by using Pivot Points. it works dynamically and it uses Pivot Highs and Pivot Lows accordingly. That means it calculates which one to use. Please watch following video: Enjoy!
Candlestick Patterns - Candlesticks are graphical representations of price movements for a given period of time. - There are candlestick patterns that try to predict the final direction, caused by pressure between buyers and sellers. As a general recommendation, use the candlestick patterns in the same direction of the current trend (continuations), for...
It will mark candle as base if body of the candle is less than or equal to 50% of the range.
This script quickly identifies the level to maintain to keep a current downtrend going for each time frame. For example if the level fails to hold on the 1-hr time-frame then the next place to bounce would be on the 4-hr time frame. This is price action I have boiled down to a simple line of importance. You can enter short positions at these levels and there...
This script quickly identifies the level to maintain to keep a current uptrend going for each time frame. For example if the level fails to hold on the 1-hr time-frame then the next place to bounce would be on the 4-hr time frame. This is price action I have boiled down to a simple line of importance. You can enter long positions at these levels and there should...
This script will be edited, and might change greatly. Do not use it for automation. Initial Content : MACD cross counting RSI Peak/Dip counting Compares Peak/Dip marked Price to find a better entry
Volume can help confirm signals we might discover using other methods of technical analysis. This indicator tracks volume intelligently. Its logic spots above-average turnover and then tests against the price change. BrkVol highlights sessions with heavy volume and directional moves. This can help take out the noise and help confirm the trend. Tesla is a...
Exhausted Volume (Expo) DESCRIPTION Exhausted Volume (Expo) indicator visualize exhausted volume. Exhaustion often signals the reversal of a current trend because it illustrates excess levels of supply or demand, indicating a market is either overbought or oversold. The indicator can also be used to detect volume pressure in either direction which can...
The STP Price Flow Indicator measures the buying and selling pressure in the market. Using this indicator to measure the trend will allow you to identify favorable entry and exit points. When the background turns green the price will rise and we are in a Bull market. Likewise, when the background turns red the price will fall and we are in a Bear market.
Intelligent Price Action - Movement Up (Expo) DESCRIPTION Intelligent Price Action - Movement Up (Expo) identifies important up movements that have an impact on current price characteristics. The indicator is visualizing buying pressure! These price patterns are valuable insight when trading the market. This indicator response faster to price movement...
Intelligent Price Action - Movement Down (Expo) DESCRIPTION Intelligent Price Action - Movement Down (Expo) identifies important down movements that have an impact on current price characteristics. The indicator is visualizing selling pressure! These price patterns are valuable insight when trading the market. This indicator response faster to price...
Intelligent Price Action - Positive Close (Expo) DESCRIPTION Intelligent Price Action - Positive Close (Expo) identifies important positive closes that have an impact on current price characteristics. The indicator is visualizing buying pressure! These price patterns are valuable insight when trading the market. • Buying pressure is seen in reversal...
█ Overview Price delivery algorithms in trading refer to complex computational algorithms used to determine the optimal price for executing trades. These algorithms are particularly relevant in electronic and algorithmic trading environments where large volumes of trades are executed automatically. These algorithms are designed to analyze market data,...
Hi all Dear users, Here, I have shared my CPR script on Daily, Weekly & Monthly basis. which will only works on intraday time frames. Best time frames recommended are 3,5 &15. This will be very useful for intraday trades. And also it has more customizing options. The features are:- ================ - Have an option to use only Daily pivots. - Have an option to...
This study is a proof of concept analysis of situations that can lead to divide with zero or divide by zero conditions. Such situations can lead to mathematical errors, and can increase the potential for false alerts. One common formula that is prone to this situation is: pct=(high-close)/(high-low) This is used to calculate percentage change of a...