This is a script to make calculating position size easier. It calculates position size as a percentage of account balance and Risk/Reward based on input values of entry, exit, stoploss and shows the R/R box similar to tradingview's R/R tool. There is an option to toggle showing label and choosing of label text color. Have to enter the following inputs in order...
To create the script I used the LonesomeTheBlue code. Thank him for his code. The indicator shows trend lines. Up to three support lines (red) and up to three resistance lines (lime). There can be up to 6 lines at a time. However, most often there will be from 0 to 1 line. Trend lines may be extended to the right. For this purpose there is a checkbox in the...
This script will show the "Fibonacci" Close levels for 9 inputs. Currently set from 8, 13, 21, ..., 377. These lines can then be used for Support and Resistances. Source and Inputs are adjustable.
Auto Analysis Short-term Reversals Exploration Based on a study by Larry Lovrencic Closing Price Reversals Automatic Analysis Hook Reversals Automatic Analysis Island Reversals Automatic Analysis Key Reversals Automatic Analysis Open/Close Reversals Automatic Analysis Pivot Point Reversals Automatic Analysis
Hello Traders! After the addition of "Arrays" to the Pine, I developed new and improved version of Support Resistance - Dynamic script as version 2. In this script Arrays were used. This can be used as Support Resistance tool, also it will be an example for the people who want to learn Array usage in Pine. Many thanks to Pine Team for adding Arrays! The...
Hello Traders, This is " Smoothed Candles " script to get rid of noises and to get a smoothed chart to figure out breakouts and price movements easily. There are three scaling methods: User Defined, Dynamic (ATR) and Percentage Optionally you can add 2 Simple Moving Averages and 2 Exponential Moving Averages Optionally you can hide the Wicks, example: You...
Displays narrow range candles.Can adjust the input value to any period to look back.Ideal to use in daily and weekly time frame. Look out for clusters of NR candles depicting volatility contraction, and subsequent volatility expansion can be look forward to. The code is written by Rounak ST of Trade with trend.
This is a study on different moving averages across different lenghts to see which lengths or ma types have the most S&R action on them. In the data window you can see the number of support and resistance instances for each length divided by the number of price crosses of the ma Also you can see in time adjusted which % of the time that line acted as a S&R Then...
Shows static and dynamic levels which can act as support/resistance. These are important as there is a lot of users who are interested in buying/selling at these prices. Static Levels include - Daily/Weekly/Monthly/Yearly Open (changes color depending on if below or above price) Previous Daily/Weekly/Monthly/Yearly Open Previous day's High/Low Dynamic Levels...
here comes open source version of notorious JFT Indicator ( the indicator access you can get in some bucks ) on various telegram channels however they will not give code. Now how it works 1. 2 ranges derived from indicator are supposed to be a consolidation zone and any close above or below is supposed to give a good move. 2. I personally consider it as may be...
This is a pretty straight-forward script. I just wanted to see percent bands around the VWAP after looking at the standard deviation bands for a while and even dabbling with keltner channels. This is the cleanest in my opinion. The script is open so feel free to poke around! The default settings are below, just to confuse 0.25 with 25%. 0.25 = 0.25% 0.5 =...
Custom William Fractals for alerts and educational purpose. Added custom alerts for Williams Fractals. Also added filter to show less fractals on chart. The simple idea how I use fractals in Binary Option is to determine temporary resistance and support. Simple strategy: - Mark Resistance/Support on higher time frame (e.g. 5M) - Set an alert for new...
This script can show mtf-clusters from higher time frames. Tenkan-sen, Kijun-sen, Senko-span A and Senko-span B are displayed in the current time frame from higher time frames (the range is from 1 minute to the monthly time frame). Sometimes these levels form clusters that act as strong levels of support and resistance.
It is a simple indicator, you can use it with all time frames. So the pink line present the last high potential area that price try to breakout , and to use it you must consider three main things : 1- price on your time frame above Ichimoku cloud. 2- RSI above 50. 3- MACD crossover. how to execute your order? when price break the pink line and close 1 minute candle .
Draws minimum and maximum prices as a line chart for four different time frames. 1) The last 21 bars (close price) 2) The last 50 bars (close price) 3) The last 100 bars (close price) 4) The last 200 bars (close price) Min/ Max values usually provide important resistance/ support levels.
This is an advanced level sessions indicator. Not so much an indicator, more of an auto way of plotting levels rather than drawing levels by hand every day. It maps out the London and New York Sessions. It also maps out the closing time and price for future reference. Daily high and low of the past few days are laid out. Each setting can be turned on and off...
After some tips in my indicator RK's 04 - Lots of MA Types Ribbon I Put some time and effort to make it better. So, I'm sharing with you the results. This is an up to 10 lines Moving Average Ribbon with an Auto Evaluate Length and a lots of options!!! Type of Moving Average you can use: SMA - Simple Moving Average SMMA - Smoothed Moving Average EMA -...