This script helps with identifying certain conditions without cluttering too much of the candles. Some use cases: It helps identify rsi low and high values. Directional price movement becoming difficult. low and high volume. it uses a percent rank to distinguish low and high values. It then uses a gradient to match the percentile rank to heatmap type...
This indicator attempts to calculate potential points of imbalance and equilibrium based on VWAPs and modified moving averages. The idea is to determine if there has been a change in volume and perform the calculation from that point It uses the standard deviation to determine the significant imbalance threshold. Candles with bullish imbalances are highlighted in...
This script's purpose is to provide the user with an indicator that automatically plots Fibonacci levels. The user has three main options for determining the Fibonacci's high and low. This indicator offers an ample number of settings, making it a modular Fibonacci overlay. The default setting is based on Donchian high and low. Another option is to base the...
█ Overview The indicator uses color-coded columns to represent different levels of normalized ATR, helping traders identify periods of high or low volatility. █ Calculations The normalization process involves dividing the current True Range by the Average True Range. The formula for normalized ATR in the code is: nAtr = nz(barRange/atr) █ How To Use ...
The Fear and Greed Oscillator is a dynamic tool designed to gauge market sentiment by analyzing various components such as volatility, momentum, and volume. This indicator synthesizes multiple metrics to provide a singular view of market emotion, oscillating between fear and greed. 🔷 Calculation - The oscillator integrates the following components, each...
Description : The Rolling Volatility indicator calculates the volatility of an asset's price movements over a specified period. It measures the degree of variation in the price series over time, providing insights into the market's potential for price fluctuations. This indicator utilizes a rolling window approach, computing the volatility by analyzing the...
The LCVD is another Mean-Reversion Indicator. it doesn't detect trends and does not give a signal per se. However the logarithmic transformation is made to visualize the direction of the trend for the volume. This allows you to see if money is flowing in or out of an asset. What it does is tell you if we have a flashcrash based on the difference in volume....
Tick Volume Direction Indicator This indicator captures: • tick volume • tick direction The settings are as follows: • volume or base currency value selection. • label distance (away from the low of the candle). • Tick volume - on/off switch for tick volume. • label size. • Up tick move color. • tick move absorbed - when the tick doesn't change position. • Down...
The LVDI is a Mean-Reversion Indicator. it doesn't detect trends and does not give a signal per se. What it does is tell you if we have a flashcrash based on the price action and volume that is available. It is not always easy to see with the naked eye, so this indicator can help you DCA into an asset in a smarter way, if you couple it with other trend...
OVERVIEW The Channel Corridor indicator is designed to operate on a log chart of asset prices (e.g., BTCUSD), specifically on a weekly timeframe. The intent of the indicator is to provide a visual representation of market dynamics, focusing on a dynamically adjusted corridor around a Simple Moving Average (SMA) of an asset's price. The corridor adapts to...
The goal of this script it to provide you an idea to forecast the future momentum by looking at historical volatility. This chart has basically three parts. 1. Three lines are there. The multi color line represents the historical annualized volatility in terms of minimum look back period . The white line represents the historical annualized volatility in terms...
Discover market dynamics with the 'Fibonacci Bollinger Volume Weighted Deviation' indicator – a unique tool blending Fibonacci ratios, Bollinger Bands, and volume-weighted analysis. Ideal for spotting overbought/oversold conditions and potential market turnarounds, this indicator is a must-have for traders seeking nuanced insights into price behavior and...
We can observe that this indicator displays the range within which the asset fluctuates around the average price, and its behavior depends on the parameters of amplitude and angular frequency. "price_mas" is a measure calculated as part of the indicator. It is derived by adding an adjusted amplitude (A_mas) multiplied by the cosine of the combination of angular...
The Chandelier Exit is a popular tool among traders used to help determine appropriate stop loss levels. Originally developed by Chuck LeBeau, the Chandelier Exit takes into account market volatility and adjusts the stop loss level dynamically. This indicator builds upon the original Chandelier Exit by allowing the trader to select an anchor date or starting point...
Discover the synergistic power of Fibonacci ratios with traditional Bollinger Bands in the 'Fibonacci Enhanced Bollinger Bands' indicator. Ideal for traders seeking dynamic price levels for strategic entries and exits, this tool adds a unique Fibonacci twist to your technical analysis toolkit. Introduction to Fibonacci Enhanced Bollinger Bands 'Fibonacci...
This Indicator in a refinement of my earlier script PC*VC Moving average Old with easier to follow color codes, overbought and oversold zones. This script has converted the previous script into a standardized measure by converting it into Z-scores and also incorporated a volatility based dynamic length option. Below is a detailed Explanation. The "Dynamic...
Unbound RSI Description The Unbound RSI or de-oscillated RSI indicator is a novel technical analysis indicator that combines the concepts of the Relative Strength Index (RSI) and moving averages, applied directly over the price chart. This indicator is unique in its approach by transforming the oscillatory nature of the RSI into a format that aligns with the price...
Gap SMA Indicator - Analyzing Price Gaps with Moving Averages Description: The Gap SMA (Simple Moving Average) indicator is a powerful tool designed to analyze price gaps, a phenomenon occurring when the market opens significantly higher or lower than the previous session's close. These gaps often signify abrupt shifts in market sentiment, driven by...