Lin Reg (Linear Regression) Support & Resistance by xxMargaux 💸 This indicator plots three linear regression lines (Lin Reg) on the price chart, providing insights into potential support and resistance levels. It calculates Lin Reg lines based on user-defined lengths and sources. This indicator's settings were initially configured for MNQ1! (E-Mini Nasdaq 100...
█ This Indicator shows a wick-off check pattern. This pattern appears when a candle goes below a level (support or resistance) and closes above it OR when it goes above a level and finishes below it. This causes a wick to go through the level: a wick-off check . This can confirm a pullback or a breakout. █ Usages: This indicator can be used to validate a...
This was published in substitute of the original AVG price line that was already implemented into TradingVIew. Get the average price in the desired range you want.
ENGLISH BOBBINS (cluster) BOBBINs can also be called clusters. In the region where the price sees an up and down similar to side-by-side BOBBINs formed by clustering. The decision is the region. In the BOBBIN formation, the bars are not taken into account much at first. with BOBBINs When using other formations, attention should be paid to the needles. through ...
Pullback Candle will signal when price is at the end of a pullback and entering a balance phase in the market (works on all markets) Also we can expect a Pullback Candle during flash crashes as the theory of this script is when there is a turning point in momentum - this candle will appear and we can look long from this signal. This candle will only work in...
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...
First, you have to know price action, RTM price action Handbook could help you this indicator shows you base and momentum candles base candles could be zones of trade that show you fighting of bulls and bears, and momentum candles could show the power of those zones. Base candles are white in the chart, and you can place your order at the good...
In the book, The New Technical Trader by Tushar Chande and Stanley Kroll there is a part that talks about candlestick analysis and how the wicks play a role on how the price will behave. When wick lengths increase then there could be uncertainty. Weakening of support and resistance levels can also be seen by the size of the candlestick wicks or shadows. Shoutouts...