The script for the crypto market, automatically draws stability and resistance, it can also suggest a trend, we always work from the line with circles, that is, if the price reaches the line with circles, the color is red, then this means that the line with a circle is resistance, and if the price reaches the green line with a circle, then this line just becomes a...
Overview This indicator is meant for intraday trading, mainly designed for SPX . The main purpose of this indicator is to mark out the key levels of support and resistance for intraday. There are 9 main support and resistance that forms this intraday support resistance indicator. 1. Today's Open Today's open is often a neglected area because by default...
Finds the most recent support and resistance level as confirmed by the MACD . These level are detected dynamically and the lines will be updated as new levels form. Alerts can be toggled on or off in the settings but will not work if the alert is not added to your chart. Alerts can be added by selecting the "Alert" button on TradingView then selecting "MOB Alerts"...
In order to buy stocks, I want to know how much the stock went down from the all-time high price. Therefore, this script shows how much the current stock has dropped from the all-time high. You can change: - how many periods to get the all-time high from - location on the y-axis to place the label on the chart
This indicator has many components; below, each component is explained and how it can be used as a trading tool. 1) Future Lines a. Vertical lines are projected into the future to mark the beginning of each of the three major markets, Tokyo, London, and New York. b. When major markets open, this can cause an increase in price action. So this component...
Price Target percent drop is an indicator that allows you to set default percentage down from the 52 week high. A pullback, correction, bear and a bear market is marked as a 5%, 10%, 20% or 40% drop from the 52 week highest price, so this will show the target price to buy at if these thresholds are hit. You can change the default values of 5%, 10%, 20% and 40%...
MarketReader_Strategy is a very useful and advanced indicator: - It draws buying (green) and selling (orange) zone . -Once the buying or selling zone is tapped, the color is automatically changed to grey -It shows liquidity pool ($$$) engineered by market behaviour Buying or selling area are determined by an algorithm that combines volume profile,...
This is an update of the previous "same high/low" strategy. This strategy can be helpful for those who look for entrance price points after level retest based on the dollar cost averaging approach. The retest of the level is defined by two candles with the same low. 4 entrance points were calculated based on volatility (not based on ATR though) and the weights...
Wolfe Waves™ This indicator draws wolfe wave patterns. Some patterns need to be validated by the user. When detecting Wolfe waves, two triangles are formed. A target line is drawn from the origin of one of these triangles to the apex or trough of the other. Bullish patterns are indicated by green triangles and bearish patterns by red triangles. The target...
This script finds wicks that are longer than the candle body and marks them as potential trading zones to be revisited. Lines, shading, and lookback can all be modified. Full credit for original code goes to @Squam_Gobaloochee. We updated to Pinescript V5 and cleaned up code. We reached out to original for permission to repost publicly and open source.
The Levels Of Greed indicator is based on the same idea as the Levels Of Fear one and was suggested by several traders in the comment section. It helps analyze price advances to find the best levels for closing a long position in an asset after a quick surge or longer up-trend. In finance, volatility is a term that describes the degree of variation of an asset...
Theory Behind It" There have been hundreds of trading methods and theories that have been proposed by the trading community, each with a unique perspective on trading. One of the most popular theories is known as the Dow theory which was one of the first theories to theorise the concept known today as trends. Now the majority of today's trading strategies are...
While coding some filters into another indicator for Long/Short I noticed that ta.nearest.percentile might be the most useful tool in pinescript I've ever encountered. While percentile_nearest can be used for all kind of things I decided to code moving averages from it and made bands for bottom percentage and top percentage. The indicator will calculate the top %...
█ OVERVIEW This indicator was designed based on Harmonic Pattern Book written by Scott Carney. It was simplified to user who may always used tools such as XABCD Pattern and Long Position / Short Position, which consume a lot of time, recommended for both beginner and expert of Harmonic Pattern Traders. XABCD Pattern require tool usage of Magnet tool either Strong...
Here I made a strategy out of my indicator. So, the trigger is double low/high on 1 week candle chart. Entrance: close of the next candle if it's low/high higher/lower than previous one. (in most cases it's precise for backtesting) Stop loss: long:low-one tick, short:high+one tick Take profit: ATR*Multiplier (you can tune it in properties)
This indicator aims to compare between two charts if trader isn't sure which one is more active and powerful, it does NOT show entries or help your chart analysis directly. The main features of this indicator is to show vitality and range of any given chart. Volatility: it calculates the average profit of every swing in the range and the final result will be...
BINANCE:BTCUSDT This indicator is an opensource merge of the built in 'Pivot Points High Low' and the most popular 'Swing-high-low-support-resistance' indicators. The original 'Pivot Points High Low' does not have extensions with better visibility, while the most popular 'Swing-high-low-support-resistance' has no source available. I've also added additional...
This strategy idea is a variation of the "Donchian Channel" trading strategy. It is built with a highest-high band, a lowest-low band, and a baseline which is average the highest-high and the lowest-low bands. This strategy is very useful in trending instruments on 1W and 1D timeframes. This is the implementation used in the QuantCT app. You can set the operation...