From an article by Rajesh Kayakkal: "Early bear phase signals can help you get out of the market before it turns down. This indicator tells you how. There are many ways to identify the trend of a financial market, the most common being the 200-day exponential moving average (Ema). When price is trending down below the 200-day Ema, the market is believed to be in...
Hello Traders, Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time! How it works? - On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators. - it search divergence...
The security function can be called 40 times in a codescript. We can therefore scan about 40 stocks out of NIFTY 50 stocks with a single script. This code can be modified to search for other scripts by changing the condition function condition() => open > (close * 1.0025) Only stocks which have gap up of 0.25% or more will be reported.
The Neapolitan Bands were derived from Jean Marc Guillot's 2001 IFTA trading strategy. In his study published by the International Federation of Technical Analysis titled, "Using Indicators from the Derivatives Markets to Forecast FX Moves" Guillot utilizes multiple bollinger bands of various deviations to determine trends and reversals, entries and exits. I...
Putting multiple bollinger bands/keltener channels together helps visualize the relative price movement. I have also used this in my BuyTheDip V2 strategy to measure dip and bounce back. 7 Standard deviation is used here. These are calculated based on the input fields StdDevStart and StdDevStep .
This algorithm draws supports/resistance levels automatically based on historic candle density at each height. The basic idea is the levels where price is rejected quickly is likely to have fewer candles in the past than the levels above and below. This does not take volume into account. The lookback and number of levels has to be kept low to prevent too many...
Hello Guys This is a reupload! The 0dte is for options trading and is used for the main 1 to 0 odte strategy! It uses volume, sector and tik analysis in order to give an understanding of looking which way to play. The next version will look at correlations between the es! Feel free to point out bugs and reach out as I want this to grow into something way stronger!
Applying Bollinger Bands and K-bar strategies Suitable for long time periods Suitable for forex trading, when the forex deviation is too large, the Fed will intervene and thus correct Strategy: Enter when the price hits the upper or lower BB track and there is a reversal of the strong signal, and exit when it hits the other track and there is a reversal signal.
Hi Traders, This is an on chart indicator that can be used for setting take profit and stop losses very easily using the Average True Range Indicator (ATR). Using a volatility adjusted TP and SL will allow you to set your targets and losses based on market conditions. In the settings, you are able to adjust how much of a multiplier you require depending on your...
World Clocks - something for fun Happy New Year! ps: in case no update on the charts then the clock will not update too and will lag or stop till a new update is received
█ OVERVIEW This is Screener script for Mean Reversion Channel Indicator █ Description & How To Use The screener works by scanning through up to 40 symbols and list down symbols that are currently within Overbought/Oversold Zone as defined by Mean Reversion Channel indicator. The Overbought/Oversold Zone are further categorized and sorted by: Strong :...
Simple script that graphically represents the mining difficulty of Bitcoin. It is ment to be used as a tool to decide when it is good time to dollar cost average (DCA) in your Bitcoin hodl position. When Price is below the difficulty model it is usually a good time to DCA. Formula for the model used in this calculation is 0.002 * difficulty ^ 0.51. It is...
Vertical Line Time zones Chris Chapman Just to speed up the drawing process and for the horizontal lines
I simulated the EoRfA indicator with the gold price For details about the indicator, visit my profile on tradingview For Simulation, with default settings, we order if Eorfa > 1 and change(eorfa) < 0 sell if Eorfa < -1 and change(eorfa) > 0 buy And we got - 2.49 % profit - 74 % profittable order from all But only this value can not guarantee good...
Apply Vegas Tunnel, Use EMA144 169 as medium-term trend support Also use EMA 576 676 and 4 multiples of 144 and 169 as long-term support and trend direction Also increase EMA 36 43 as a short-term trend support Suitable for stocks, indices, commodities The applicable time scale can back-test the usability of the strategy by itself, and select the most applicable...
This is a powerfull strategy which is made from combining 3 multi timeframes into one for profit max indicator In this case we have daily, weekly and montly. Our long conditions are the next ones : if we have an uptrend on all 3 at the same time, we go long. If we have a downtrend on all 3 of them at the same time we go short. For exit, for long, as soon as...
This script is a combination of my overnight fakeout script and bollinger band color bars. It's designed to be used on CME/CBOT Equity Indexes during their GLOBEX session. It uses the built in Bollinger Band script and highlights bars that exceed the upper/lower bands during the overnight session.
DOS is a mean-reversal strategy that trades against the previous candle direction as long as it has body greater than the PrevRange paremeter. Best results are obtained in GBP and AUD pairs on daily charts , but of course you can experiment with other assets and timeframes. Strategy parameters include starting and ending dates, the previous candle range (raw...