OVERVIEW The Prevailing Trend indicator is a technical indicator that gauges whether the price is currently trending up or down. The purpose of this indicator is to call and/or filter with-trend signals. CONCEPTS This indicator assists traders in identifying high-probability trend entries. The upper line (blue line on the indicator) is calculated by taking...
The "Trend Reversal Probability Calculator" is a TradingView indicator that calculates the probability of a trend reversal based on the crossover of multiple moving averages and the rate of change (ROC) of their slopes. This indicator is designed to help traders identify potential trend reversals by providing signals when the short-term moving averages start to...
Pinbar Detector is a technical analysis tool designed to detect Pinbar patterns in financial markets. Pinbars are reversal patterns that indicate a potential change in trend. This indicator is based on an existing Pinbar detector in MQ4/5 format, originally developed by "earnforex". The PineScript version is written to work in TradingView, and can be applied to...
=== Musashi-Fractal-Dimension === This tool is part of my research on the fractal nature of the markets and understanding the relation between fractal dimension and chaos theory. To take full advantage of this indicator, you need to incorporate some principles and concepts: - Traditional Technical Analysis is linear and Euclidean, which makes very...
This strategy uses a trend based indicator (MACD) for entry/exit signals with a momentum oscillator (RSI) to act as confirmation. Although relying on a trend based indicator this has been created for range bound crypto markets, which have been in a period of chop since June 2022. Long/Short signals are generated from MACD with the RSI oscillator thresholds...
K's reversal indicator I is a special combination between Bollinger bands and the MACD oscillator. It is a contrarian indicator that depends on the following conditions: • A buy signal is generated whenever the current market price is below the 100-period lower Bollinger band while simultaneously, the MACD value must be above its signal line. At the same time,...
Based on the Elder's Force Index (EFI) , +/- of the EFI and its ema is used to describe the rise, fall or possible reversal of the market, and finally shown by bar color. The green bar represents a strong bull and the red bar represents a strong bear; The blue bar indicates that the downtrend is exhausted and may rise. Likewise the yellow bar. Of course, it is...
An idea I had today morning so I had to write. It seems to detect trends well. It has three phases like a semaphor, painting the chart bars of green, yellow or red. === Bar Color Meaning === Green: uptrend Yellow: don't care Red: downtrend I think it can be useful! Thanks!
◊ Introduction Introducing VRMI in this script, an RMI based on price movement and volume, to indicate bullish and bearish trends. This script marks the background depending on RMI <> VRMI , VRMI polarity and large buy/sell sprees. ◊ Origin Based on 'The Relative Momentum Index' by Roger Altman : February, 1993 issue of Technical Analysis of Stocks &...
I found myself using multiple bollinger bands a lot so I decided to add them all to one script and add the ability to adjust them by 0.2. It has helped me by not taking up as much space in the upper left corner as well as improving my in's and outs of trend continuation trades. If you manage to find a double top at +2 or greater deviation, and with a bearish...