Bayesian Trend Indicator Overview: In probability theory and statistics, Bayes' theorem (alternatively Bayes' law or Bayes' rule), named after Thomas Bayes, describes the probability of an event, based on prior knowledge of conditions that might be related to the event. The "Bayesian Trend Indicator" is a sophisticated technical analysis tool designed...
The Depth Of Market (DOM) tool allows traders to look under the hood of any market, taking price and volume analysis to the next level. The following features are included: DOM, Time & Sales, Volume Profile, Depth of Market, Imbalances, Buying Pressure, and up to 24 key intraday levels (it really packs a punch). As a disclaimer, this tool does not use tick...
█ Overview The Analyst Table (Zeiierman) provides a comprehensive visual representation of analyst estimates and recommendations for any stock. This indicator displays crucial analyst data, including the highest, average, and lowest price targets, directly on the price chart. Additionally, it features a well-organized table summarizing various types of...
This script allows you to quickly scan the market by displaying the RSI values of up to 280 tickers at once and visualizing them in an easy-to-understand format using labels with heatmap coloring. 📊 Source The script can display the RSI from a custom timeframe (MTF) and custom length for the following data: - Price - OBV (On Balance Volume) - Open Interest (for...
🔍 Activity and Volume Orderflow Profile 📊 🚀 Unlock the power of market order flow analysis with the Activity and Volume Orderflow Profile indicator by AlgoAlpha . This versatile tool helps you visualize and understand the dynamics of buying and selling pressure within a specified lookback period. Perfect for traders who want to dig deeper into volume-based...
Overview This Pine Script™ code generates a "Market Sentiment Dashboard" on TradingView, providing a visual summary of market sentiment across multiple timeframes. This tool aids traders in making informed decisions by displaying real-time sentiment analysis based on Exponential Moving Averages (EMA). Key Features Panel Positioning: Custom Placement: ...
Ichimoku Cloud w/ Helpers is your standard Ichimoku Cloud indicator with two additions. Checkout TradingView's write up on the Ichimoku Cloud here . The two additions added to this indicator are described below: 1 — A box is drawn centered on the current bar and stretching a length equal to the 'Senkou Span B Period'. • The box encompasses the highest...
Hello! This script was briefly known as as Bing Chilling. I converted this to Pine Script V5 to ensure compliance with publishing requirements. This script tracks RSI and inserts an indicator when correlated movement is detected. Proximity of current tick to indicator origin tick determines freshness of the indicator. DO NOT sit on the indicator for a long...
Prove idea with a backtest is always true for trading. I developed and open-sourced it as an educational material for crypto traders to understand that the futures and spot spread may be effective but not be as effective as they might think. It serves as an indicator of sentiment rather than a reliable predictor of market trends over certain periods. It is better...
If you, like me, like to watch the market in real time for a long time, then this script will be useful to you. Stay tuned. A script that helps you navigate the current price and the latest highs and lows IMPORTANT: For the script to work correctly, you must enable "On every tick" in Preoperties. Throw it on any chart. On the right appears: white price -...
Indicator Description: Commitments of Traders (COT) Data Indicator The Commitments of Traders (COT) Data Indicator on TradingView provides insights into market sentiment based on the weekly CFTC (Commodity Futures Trading Commission) reports. It plots three key lines derived from this data, offering valuable information for traders seeking to understand...
I'm excited to share with you a fascinating concept that can help you identify potential breakout points in the market. The Pine Script code provided below is designed to identify the midpoint of a long candle, which can be a crucial level for traders to watch. In this blog post, we'll dive deeper into the concept, explore its applications, and analyze a...
█ Introduction and How it is Different The Dual RSI Differential Strategy introduces a nuanced approach to market analysis and trading decisions by utilizing two Relative Strength Index (RSI) indicators calculated over different time periods. Unlike traditional strategies that employ a single RSI and may signal premature or delayed entries, this method leverages...
The M2 Global Liquidity Index calculates a composite index reflecting the aggregate liquidity provided by the M2 money supply of five major currencies: Chinese Yuan (CNY), US Dollar (USD), Euro (EUR), Japanese Yen (JPY), and British Pound (GBP). The M2 money supply includes cash, checking deposits, and easily convertible near money. By incorporating exchange...
Indicator Explanation The indicator identifies bullish and bearish engulfing patterns and plots Fibonacci levels based on these patterns. Here's a detailed explanation of the script: 1. Bullish Engulfing Pattern A bullish engulfing pattern is identified when: - The previous candle is bearish (`close < open `). - The current candle is bullish (`close >...
🔵 Introduction 🟣 Session The forex market operates 24 hours a day, 5 days a week, with only Saturdays and Sundays being off; traders often focus on one of the forex trading sessions instead of trying to trade in all markets 24 hours a day. Trading sessions are time intervals during which a specific financial market is active and trades are conducted. The...
Precise Gap Finder This indicator identifies Fair Value Gaps (FVGs) in price action and it is perfect for traders looking to exploit price imbalances and capitalize on trading opportunities. How It Works: The Precise Gap Finder detects Fair Value Gaps by analyzing three consecutive candles. A gap is identified when the middle candle’s price range (open to...
The Normalized Z-Score indicator is designed to help traders identify overbought or oversold conditions in a security's price. This indicator can provide valuable signals for potential buy or sell opportunities by analyzing price deviations from their average values. How It Works : -- Z-Score Calculation: ---- The indicator calculates the Z-Score for both high...