🟨 HMA OrderBlocks by AlgoAlpha is a powerful tool designed to help traders visualize key pivot zones and order blocks based on the Hull Moving Average (HMA). By dynamically identifying bullish and bearish pivot points, this script provides insights into potential price reversals and trend continuations. With customizable settings, it allows traders to tweak the...
🚀 Elevate Your Trading with Machine Learning Dynamic Support and Resistance! The Machine Learning Dynamic Support and Resistance by AlgoAlpha leverages advanced machine learning techniques to identify dynamic support and resistance levels on your chart. This tool is designed to help traders spot key price levels where the market might reverse or stall, enhancing...
Introducing the Dynamic Supply and Demand Zones by AlgoAlpha. This indicator is designed to automatically identify and visualize dynamic supply and demand zones on your chart, helping traders pinpoint potential reversal areas and assess market sentiment with enhanced clarity. It adapts to market conditions using a dynamic look-back mechanism, making it more...
🚀 Introducing the Hullinger Percentile Oscillator by AlgoAlpha! 🚀 This versatile Pine Script™ indicator is designed to help you identify swing trends and potential reversals with precision. Whether you're looking to catch market swings or spot divergences, the Hullinger Percentile Oscillator offers a comprehensive suite of features to enhance your trading...
Dear Analysts and Traders, I am pleased to present the latest version of my indicator, based on the logic of analyzing spread and volume. In this version, the indicator examines spread and volume using min-max normalization. The statistical value is captured through Z-Score standardization, and I have added configurable alerts based on the normalized values of...
Market Structure Based Dynamic Stop Loss Introduction The Market Structure Based Stop Loss indicator is a strategic tool for traders designed to be useful in both rigorous backtesting and live testing, by providing an objective, “guess-free” stop loss level. This indicator dynamically plots suggested stop loss levels based on market structure, and the...
MTF Squeeze Analyzer Multi-Timeframe Squeeze Pro Analyzer Tool Overview: The MTF Squeeze Analyzer is a comprehensive tool designed to help traders monitor the TTM Squeeze indicator across multiple timeframes in a streamlined and efficient manner. Built with Pine Script™ version 5, this indicator enhances your market analysis by providing detailed insights...
Description of Multi-Timeframe EMA Distance & % Change Table The Multi-Timeframe EMA Distance & % Change Table indicator is designed to display the distance and percentage change between the current price and the Exponential Moving Averages (EMAs) on multiple timeframes. It creates a table to show these values, with customizable options for decimal precision...
Big Candle Highlighter The Big Candle Highlighter indicator highlights significant candles based on their percentage difference between the open and close prices. This tool helps traders quickly identify candles with substantial price movements, which can be crucial for spotting key price action, potential reversals, or significant market events. Key Features:...
What the Code Does 1. **Draws Lines and Labels**: - It draws lines on your chart to show the high, low, open, and close prices from the previous period (like the previous day or week). - It also labels these lines with numbers that tell you how far the current price is from these levels. 2. **Shows Price Movement**: - You can see how far the price has...
This Pine Script strategy generates trading signals using Fibonacci levels and trend-following indicators. 1. Strategy Summary This strategy analyzes price movements using a combination of Fibonacci levels and trend-following indicators, providing potential trading signals. The strategy includes Fibonacci levels as well as EMA (Exponential Moving Average) and...
Overview The Approximate Spectral Entropy-Based Market Momentum (SEMM) indicator combines the concepts of spectral entropy and traditional momentum to provide traders with insights into both the strength and the complexity of market movements. By measuring the randomness or predictability of price changes, SEMM helps traders understand whether the market is in...
TechniTrend: Average Volatility Description: The "Average Volatility" indicator provides a comprehensive measure of market volatility by offering three different types of volatility calculations: High to Low, Body, and Shadows. The indicator allows users to apply various types of moving averages (SMA, EMA, SMMA, WMA, and VWMA) on these volatility measures,...
1. **Candlestick Patterns Detection:** - **Hammers** and **Inverted Hammers** are specific candlestick patterns that can indicate potential reversals in the market. - **Hammer**: A candle with a small body and a long lower wick, showing a possible reversal after a downtrend. - **Inverted Hammer**: A candle with a small body and a long upper wick,...
█ OVERVIEW The Dynamic Fib Retracement (Golden Pocket) indicator is an advanced Fibonacci trading tool designed to enhance technical analysis and improve trading strategies. This innovative tool automatically calculates Fibonacci retracement 'Golden Pocket' levels based on the most recent swing points within a user-defined Lookback Range, which can be easily...
Overview The Shifted Lines Based on Hourly Candle indicator plots two dynamic horizontal lines on your chart, offset by a specified price amount above and below the closing price of the last completed hourly candle. These lines update every hour, providing real-time reference levels that can assist in identifying potential support and resistance zones. How the...
KenJi Indicator Version 2.0 Indicator Class : Average analysis/trend following Trading type : Any Time frame : Any Purpose : Trend-based trading Level of aggressiveness : Flexible Introduction The basic rule of trading is as follows: "trend is your friend." Means, it is extremely important to follow the current market sentiments rather than resisting...
Introduction The Smart Signals Assistant, developed by AlgoAlpha, is a robust trading tool designed to empower traders of all levels with a flexible, customizable overlay indicator. Built on proprietary logic, this tool can integrate seamlessly with other indicators or be used as a standalone tool and offers powerful market insights, enabling users to tailor...