RMI is a combination of RSI and MFI oscillators which considers money flow and strength of supply or demand together. It estimates that the money of which side is being ran out. So the power of trends can be predictable approximately. Where the green columns appear, it means demand is very high and it can fall because buyers may withdraw and sell their assets. And...
Dear Traders, "You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future." ~Steve Jobs This quote from Steve Jobs, explains the very essence of this indicator. Trading is Simple, Why make it complicated. ~ Ravi Chandran The main motto building this Traders...
Hello All, Today I am here with a new idea and script, " LTB Zigzag Circles ". The idea is to create Circles using last 2 zigzag waves and to catch the breakouts earlier than horizontal lines. if a circle is broken then the script shows entry for Long/Short positions. and if broken circle reappears again then the position is closed. You can change Zigzag period...
Identifying Supply and Demand zones can be tricky. Just using price levels can mislead you, so why not include volume ramps to detect zones? This indicator does it for you. It spots areas where volume has rapidly increased, measures the speed of the increase, and assigns three different levels of importance. The red areas are the strongest zones, followed by...
Hello All, For Long time I was planning to make Support/Resistance Channels script, finally I had time and here it is. How this script works? - it finds and keeps Pivot Points - when it found a new Pivot Point it clears older S/R channels then; - for each pivot point it searches all pivot points in its own channel with dynamic width - while creating the...
As the name suggests, this is a supply and demand indicator script with alerts that i have made based on sole price actions. I have used 3 different methods of identifying supply and demand zones and tested to make sure they work. Nonetheless some zones will fail as no strategy is 100% and some zone will fail due to other reasons. How this works: As a basic rule,...
This is an indicator of supply and demand ,It can provide the reference of supply and demand position for traders. First of all, I need to explain the components of the indicators in detail. 💖==========================================💖 Components of supply and demand zone: DBD:means Drop Base Drop RBR:means Rally Base Rally DBR:means Drop Base Rally RBD:means...
Hello Traders, This is my second Multi Time Frame Candles script but with this new one, you will have some new features such volume info, remaining time to close of higher time frame candle and also developed using new features of Pine such array of lines. also I tried to make it 3D for better visualization ;) also it shows new highs/lows / breakouts. I...
Dear Followers, today another awesome Analysis Tool, that you can use both for Swing and Scalping Trading: Fast Supply Demand Order Blocks Finder ! Every time it finds a bullish Order Block (Demand) or a bearish OB (Supply), it shows it immediatelly and when the OB is touched by price, an alert is triggered and a circle is displayed. Keep in mind that trading...
Hello Traders, Linear Regression gives us some abilities to calculate the trend and if we combine it with volume then we may get very good results. Because if there is no volume support at up/downtrends then the trend may have a reversal soon. we also need to check the trend in different periods. With all this info, I developed Volume-Supported Linear...
Hello Traders, This is ZigZag Multi Time Frame with Fibonacci Retracement script. It calculates the ZigZag using Higher Time Frame, draw Fibonacci Retracement lines and put labels accordingly. I already published Zigzag with Fibonacci Levels script but this one is Multi Time Frame and I didn't want to change/update it. You can set ZigZag Period and Resolution...
The alGROWithm Strategy Tester is a supplement to the original alGROWithm indicator. Use this strategy to do your own back testing and find the best settings that work for your asset of choice. █ WHY THIS IS IMPORTANT Different assets require different settings for optimal results. This strategy script will allow you back test different settings for...
Hello Traders, Here Tweezers and Kangaroo Tail script is in your service. The script searches for Tweezer / Kangaroo Tail candlestick patterns and shows them as T (Tweezer) and K (Kangaroo Tail). Thanks to RorschachT who game me the idea and some details while working on this script. What are these candlestick patterns? Tweezers : - A tweezers...
The Demand and Supply Zone indicator helps to identify the valid demand and supply zones by removing the played out zones. This indicator looks for all patterns , Rally-Base-Rally and Drop-Base-Rally mark the zone as "DZ". Same way with pattern Drop-Base-Drop and Rally-Base-Drop it will mark "SZ". The indicator is fully customizable as per your trading style....
The Demand Supply Zone indicator with Alerts helps in identifying the Demand Supply zones on chart by pinpointing them. The indicator looks for Demand Zone patterns, Drop-Base-Rally or Rally-Base-Rally , when such pattern is identified the indicator marks it on the chart. Likewise, if the indicator identifies Supply Zone patterns, Rally-Base-Drop or...
Hello Traders, Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time! How it works? - On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators. - it search divergence...
Introducing the alGROWithm indicator! Years of trading experience and endless hours of screen time has undeniably proven to me that the most fundamental rule of any market is: price moves from supply to supply and demand to demand. Specifically, this means that a breakout of a supply zone , the probability of it reaching the next supply zone before starting...
Hello Traders, There are several nice Linear Regression Channel scripts in the Public Library. and I tried to make one with some extra features too. This one can check if the Price breaks the channel and it shows where is was broken. Also it checks the momentum of the channel and shows it's increasing/decreasing/equal in a label, shape of the label also...