Hello All, Relative Volume is one of the most important indicators and Traders should check it while trading/analyzing. it is used to identify whether the volume flows are increasing or decreasing. Relative volume measures current volume in relation to the “usual” volume for this time of the day. What is considered “usual"? For that, we have to use a...
The script combines my favorite signals then filters them with three EMAs. Via the Style tab, you can choose to either have the signals color the bar and/or plot a shape above/below. All signals can be turned off via the Inputs tab, which will remove the bar color and/or shape (if not already off in the Style tab) as well as remove the pattern from the alerts...
This price action indicator uses the higher timeframe SSL channel to identify trends. The long entry signal is a bullish candlestick pattern when the price retraces to EMA20 in an uptrend. The short entry signal is a bearish candlestick pattern when the price retraces to the EMA20 in a downrend. Currently, this indicator shows engulfing patterns, pin bar...
This is another interesting take on candlesticks . These Bearish-Bullish Candles do not show the wicks. Instead, the upper wick is made into a Red body and the lower wick is made into a Green body. If you match the candle body color in the chart settings (or turn off the candles completely), you get a unique way of seeing how Bearish or how Bullish a candle is...
This, a very different script from most of mine, is my attempt at making a useful, and not messy, support and resistance indicator. If you've never looked into trader xkavalis, and his scripts and discord, I would highly recommend it. He talks about "pay attention candles" a lot. It got me thinking about what those are. Best as I can tell all he means by that...
This script automatically draws rectangles around bars inside IB pattern. Note :: because Pinescript does not allow changes to already drawn charts on historical bars, checkbox "show only last box" doesn't work for arrows
This is a full price action strategy designed for trending markets such as crypto and stocks. Its purely made on calculations for the highest high and lowest low using 2 different length , a faster and a slower one. With those we make multiple averages. Rules for entry: For long: our close of the candle is above both the average using fast and slow line For...
™TradeChartist MA Visualizer is a Moving Average based indicator aimed to visualize price action in relation to the Moving Average in a visually engaging way. =================================================================================================================== █ MA Visualizer Features 11 different Moving Averages to choose from the settings...
Long term strategy for managing a Crypto investment with Swing Trades of more than 1 day. The strategy buys with a stop order at the Swing High price (green line) and sells with a stop order at the Swing Low price (red line). The direction of the strategy can be adjusted in the Inputs panel.
█ OVERVIEW OrderBlocks are areas where Banks take a Short or Long position. So they create a movement that they would like to hide from us, but luckily for us they cannot. Take the example of Banks opening Short position for x reason. The Trend is already Bearish. The Price will fall and then make a Reversal (most often to the price where they opened their...
This indicator is designed for price action. It divides the price range in to four zones based on last week values. Besides, it shows yesterday highest and lowest values. The price usually shows reactions to the drawn horizontal lines!
Developed for Crypto Currency Market! Use for 15 minutes period or more! Under 15 minutes, results are unpredictible. This script had been orginized with Donchian Lines based on support and resistance levels. Rules: If the price is under top line, you will be ready for short position, and over the bottom line, long position. When the price passes the red and green...
The author was inspired by Charles Dow's concept on trend and Gann's concept on swing trade. Swing line can help identify resistance and support. Breaking resistance indicate an uptrend. Breaking support indicates a downtrend. This is a simple and intuitive method in trend determination. However, many chart readers nowadays set Candlestick as preferred pattern....
This tool displays relative volatility and directional trend. Excellent way to pickup diversions and reversals. Length can be lowered to 11 or 13 in settings to show price range. Can be used to identify patterns such as parallel channels and likely direction of price action as pictured below.
Script that detech when the shadow is higher than the body. Should be 3x higher for be detected. (personal preference)
Another simple indicator from the sweet indicator series, This is a combination of the Volume and Price Trend Meter indicators combined (Links below) into one indicator called PVTM (Price Volume Trend Meter). PVTM measures the strength of price and volume pressure on a histogram. The indicator sums up all green candles price and volume and red candles price and...
its just for personal use of my own. if you want to use this indicator, use it at your own responsibility. but just remember its a SCALP strategy and must be used on 5M timeframe. Long/Short Conditions : last 1H,30M,15M and 5M candle close on same direction. I will back test this indicator and if it worth it i will write turn it to a strategy. PS: i'm new to...
Yet another sweet little indicator which measures price pressure over specific period of time. I call it Price Trend Meter (PTM), It's basically similar to the indicator 'Volume Trend Meter' (VTM) but this time the calculations are based on price rather than volume. The indicator sums up all the prices of the green candles and red candles over a specific period of...