This script will plot pivot points (swing highs and lows) in the form of lines, boxes or labels to help you identify market structure, “liquidity” areas, swing failure patterns, etc. You are also able to see the volume traded at each pivot point, which will help you compare their significance. Bars Left-Right A pivot high (swing high) is a bar in a series of...
A “ Fibonacci Levels Based on Supertrend ” indicator is supertrend indicator planned with Fibonacci retracements levels. Fibonacci retracements provides a sequence of levels starting from 0% to 100% in addition to extension levels. 0% is measured to be the initial Supertrend line, and 100% is the previous Supertrend line where it has been broken by candle. This...
Relative Price Volume is an indicator which shows anomalies between price and volume on a chart over a given period. The goal is to identify potential reversal and/consolidation areas for price as it relates to volume. It is a simple variation of a Volume at Price indicators. It can also be used to mark potential support and resistance lines on the chart as...
Pinbar Detector is a technical analysis tool designed to detect Pinbar patterns in financial markets. Pinbars are reversal patterns that indicate a potential change in trend. This indicator is based on an existing Pinbar detector in MQ4/5 format, originally developed by "earnforex". The PineScript version is written to work in TradingView, and can be applied to...
What is this Indicator used for? Made specifically for GRID Bots note: before continuing... this indicator works on any timeframe, but it WORKS BEST ON THE 15 MINUTE TIMEFRAME Straters and Forex Master Pattern Value Line Traders use this to help determine when the price could reverse. This indicator is a scalping indicator that produces signals when a...
Choose to display numbers from 6, 7, 8 or only 9, showing a colored dot until the last number is reached to reduce the clutter Support and resistance Customizable labels, several styles are available Identifies turning point in the trending price of an asset or an index.
Display all numbers or choose from 6, 7, 8 and 9 to reduce the clutter Support and resistance Customizable labels, several styles are available Identifies turning point in the trending price of an asset or an index.
╭━━━━╮╱╱╱╱╱╱╱╱╭┳╮ ┃╭╮╭╮┃╱╱╱╱╱╱╱╱┃┃┃ ╰╯┃┃┣┻┳━━┳━╮╭━╯┃┃╭╮╱╭╮ ╱╱┃┃┃╭┫┃━┫╭╮┫╭╮┃┃┃┃╱┃┃ ╱╱┃┃┃┃┃┃━┫┃┃┃╰╯┃╰┫╰━╯┃ ╱╱╰╯╰╯╰━━┻╯╰┻━━┻━┻━╮╭╯ ╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╭━╯┃ ╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╰━━╯ About the script: This script is an easy-to-use trend indicator, which is based on another popular indicator called "Supertrend" . The basic idea is very simple, i.e. to compute Average...
The indicator calculates a fast price filter based on the closing price of the underlying asset. Overall, it is intended to provide a fast, reliable way to detect trend direction and confirm trend strength, using statistical measures of price movements. The algorithm was adapted from Marcus Schmidberger's (2018) article "High Frequency Trading with the MSCI World...
=== Musashi-Fractal-Dimension === This tool is part of my research on the fractal nature of the markets and understanding the relation between fractal dimension and chaos theory. To take full advantage of this indicator, you need to incorporate some principles and concepts: - Traditional Technical Analysis is linear and Euclidean, which makes very...
This is my own Twist on Larry Connors Simple Tradingideas. It Combines the RSI, Averaging In and the Lowest Bars in a Single System. The current Configuration is designed for the Daily Timeframe. Feel free to play with the Parameters and keep in mind that Larry Intended to buy fear and sell the greed! The Rules are the following: ---Buy--- Buy, if the lowest...
Rob Booker Reversal Tabs Strategy is an updated version of Rob Bookers Reversal Tab study: Rob Booker Reversal Tabs While the original is a Pinescript study, this version can be switched between strategy and indicator mode. Rob Bookers script generates reversal signal based on MACD and Stochastics, it is not a true reversal system, default pyramiding value is...
This marker-only indicator traces highest and lowest bars using 5 different periods (the first 3 in aggregation and the rest as is) for a total of 10 support and resistance signals of varying strength. Use Cosmic Markers Lite on its own or add on top of existing chart patterns or other line indicators.
MTF Commodity Oddity Index (CCI+) This chart overlay indicator is based upon the Commodity Channel Index (CCI) and can signal multiple triple-timeframe CCI overbought and oversold confluences directly onto your chart, intended for use as a confluence either for reversal trade entries, or potential trade exits, indicating where price may be probable to...
Q-Trend is an multipurpose indicatorm that can be used for swing- and trend-trading equally on any timeframe (non-volatile markets are better for this thing). Settings: Trend period - used to calculate trend line in the special moments(will explain below); ATR Multiplier - changes sensitivity. The higher the multiplier = the more sensitive it is. ...
Dear Tradingview community, Today I want to share a very powerful, yet easy to use indicator with you. The indicator will find local tops or bottoms and will help you determine when it's a good time to trade a potential reversal. How does it work? The indicator makes use of the RSI to detect extremities and waits until the RSI reverses. Furthermore, a long-term...
The MPI (Mega Pendulum Indicator) is a fusion between the Pendulum Indicator and the Swing Indicator and is used with specific trading rules. The MPI is a semi-bounded oscillator comprised of two lines. The first bounded line is the Pendulum Indicator which oscillates between 0 and 100 but generally oscillates between 20 and 80. The second semi-bounded line is...
Qube is an indicator that shows market regimes. It is able to detect medium and long term trends and ranging markets. If the indicator bars are colored blue and are between the two blue lines, it means that the market is in sideways movement or consolidation. If indicator bars cross the upper boundary and are colored green, it means that the market is in an...