What is This? The Displaced Moving Average Channel (DMA) indicator is a combination of two moving averages calculated on the high and low of a set time period back which are displaced forward or backward with the center highlighted as a central channel. What Information Can I Get Out of It? This indicator can be used as a support or resistance as some...
Logistic Map Equation - The logistic map connects fluid convection, neuron firing, the Mandelbrot set and so much more. This study is an attempt to apply Logistic Map Equation in Trading Logistic Map Equation Xn+1 = r * Xn * (1 - Xn) Where, r - growth rate Xn - percentage of theoretical maximum of measured event (from 0 to 1) (1 - Xn) - represents...
A very simple script to plot the yesterday's OHLC, to be used in an intraday graph. There were other scripts like this, but their code was ugly, filthy, smelly, and WET, so I did this.
This indicator combines the essential indicators that ASFX traders use, including the EMAs (8, 21, 50, 200, 800), the Average Daily Range, the Asian Range, and the Pivot Points. The EMAs should be used as dynamic supports and resistances. We could use it to find entries like when there is a bullish engulfing coming off the 21 EMA. The Average Daily Range tells...
This can be used to compliment the Directional Movement Index if used as a standalone trading system. In addition to using the ADX and DI lines, a trailing stop can be used when the DI lines cross. If the plus line is above to show a buy signal, then the low of the price of when which the cross took place is used as a trailing stop. If the minus line is above to...
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...
Plot high and low of first candle from the current timeframe. The levels are adjusted automatically when the timeframe is changed. Trade breakout in either direction with other as a stop loss. Can be used for any instrument.
This script was inherited from "GAP DETECTOR" by Asch- and the modified version is being published with consent of the author. This script identifies gap up or gap down between candle bodies (for the selected time frame). The original script has been reworked to consider Open/Close instead of the High/Low. It identifies "Gap" up/down and indicates them with...
Exchange weighted price for cryptocurrencies DECENTRALIZED PRICE CHART FOR DECENTRALIZED WORLD See non-manipulated , globally price action that comes from whole liquidity! The main idea behind this script is that... The value of each trading pair finally determined globally and the price displayed in exchanges is its own and not global! differences...
Shows Bullish and Bearish AB=CD Harmonic Patterns with Pivot High, Pivot Low and Pivot Line
Logarithmic regression of the USD price of Bitcoin , calculated according to the equation: y=A*exp(beta*x^lambda + c) + m*x + b where x is the number of days since the genesis block. All parameters are editable in the script options.
Hello All, First all of Thanks to Pine Team for adding Arrays to Pine! In this script I tried to make example for 1. Finding S/R lines using highest/lowest function 2. Using 1D array as 2D (we keep S/R levels and age) 3. "Age" usage for S/R levels, getting older on each candle and changing colors by their age (maximum age is 127 then it disappears) You can use...
Support & Resistance based on the highest and lowest values of a lookback period
This script tries to find when a trading channel is developing and once is developed it will save it for later use on 2 variables up and down channel. You can access the last 2 channels for comparisons but this could be extensible for more channels. You can choose the delta for the alignment accuracy of the channel. The error for the difference between channels...
This script calculates and plots the All time Fibonacci Retracement of the chart. It's based on the ATH (All Time High) and the ATL (All Time Low). Made simple, you can choose which levels you wanna plot in the parameters menu. Enjoy !
Hello guys, I would like to introduce you volume support and resistance horizontals. It draws line horizontal on high and low high volume candles that has volume above volume MA for certain period multiplied by multiplier and also the volume is increasing from previous volume . You can select lines on this timeframe and/or another one. The colors are dynamic...
Hello guys, I would like to introduce you pivot support and resistance horizontals. It draws line horizontals on high and low high pivot candles . You can select lines on this timeframe and/or another one. The colors are dynamic depending whether price is below or above the line: for the current timeframe green is used for support and blue for resistance for...