🔵 Introduction Smart Money, managed by large investors, injects significant capital into financial markets by entering real capital markets. Capital entering the market by this group of individuals is called smart money. Traders can profit from financial markets by following such individuals. Therefore, smart money can be considered one of the effective...
🔵 Introduction 🟣 Zigzag Zigzag is a lagging indicator; this indicator identifies points on a price chart that have more significant changes than its previous wave and then by connecting these lines to each other, it assists traders in trend detection. This indicator reduces random price fluctuations and attempts to make the primary price trend clearer. 🟣...
🔵 Introduction The "Smart Money Concept" transcends the realm of mere technical trading strategies to embody a comprehensive philosophy on the dynamics of market operations. It posits that key market participants engage in price manipulation, thereby complicating the trading landscape for smaller, retail traders. Under this doctrine, retail traders are advised...
🟣Introduction Understanding market structure involves analyzing market behavior. In other words, market structure encompasses how the market forms and evolves within trends. Market structures are typically fractal and nested, so we categorize them into internal (minor) and external (major) structures. There are various definitions of market structure, with...
🔵 Introduction The "Three Drive" pattern is a well-known formation in technical analysis, recognized for its ability to signal potential trend reversals in price action. Within the realm of trading, particularly in the context of "Reversal Patterns," the Three Drive pattern holds significance as a reliable indicator of shifts in market sentiment. 🟣 Bullish 3...
Introduction: Origin of the Swing Point Indicator In the quest for a reliable indicator that accurately predicts trend directions and identifies valid highs and lows, the genesis of the Swing Point Indicator emerged. Faced with the challenge of finding a tool that provided comprehensive market analysis and actionable insights, the need for a novel solution became...
Advanced MACD (AMACD) enhances the traditional MACD indicator, integrating innovative features for traders aiming for deeper insights into market momentum and sentiment. It's crafted for those seeking to explore nuanced behaviors of the MACD histogram, thus offering a refined perspective on market dynamics. Divergence moves can offer insight into continuation or...
RSI Momentum Waves Indicator The RSI Momentum Waves Indicator is your intuitive tool for visualizing market strength and trend persistence. It refines the classic RSI by smoothing the data with Exponential Moving Averages (EMAs), which help clear out the noise to give you a more accurate picture of where the market’s heading. The parameters - RSI Period,...
This is a Pine Script library for the public indicator "Volatility ZigZag" by brettkind. For further description, please refer to the information available on the original indicator page. Library "Volatility_ZigZag_Library" getValues_andStyling_VolatilityZigZag_byBrettkind(hl_src, SOURCE, length, min_dev_input, stdev_fctr, ZigZag, zz_color, zz_width,...
J. M. Hurst introduced a concept in technical analysis known as the Future Line of Demarcation (FLD), which serves as a forward-looking tool by incorporating a simple yet profound line into future projections on a financial chart. Specifically, the FLD is constructed by offsetting the price half a cycle ahead into the future on the time axis, relative to the Hurst...
Props to Madrid for creating the original script: Madrid Moving Average Ribbon. All I did was upgrade it to pinescript v5 and added a few changes to the script. Features and Functionality Moving Average Types: The indicator offers a choice between exponential moving averages (EMAs) and simple moving averages (SMAs), allowing users to select the type that...
This simple indicator allows you to easily view the price of a selected cryptocurrency token in either USDT or BTC on TradingView charts. By adding this indicator to your chart, you can quickly compare the price of the token to either USDT (Tether) or BTC (Bitcoin). **Features:** - Choose between displaying the token price in USDT or BTC. - Automatically detects...
█ OVERVIEW This indicator automatically detects and draws bearish Cassiopeia C harmonic patterns and price projections derived from the ranges that constitute the patterns. Cassiopeia A, B and C harmonic patterns are patterns that I created/discovered myself. They are all inspired by the Cassiopeia constellation and each one is based on different rotations...
█ OVERVIEW This indicator automatically detects and draws bullish Cassiopeia C harmonic patterns and price projections derived from the ranges that constitute the patterns. Cassiopeia A, B and C harmonic patterns are patterns that I created/discovered myself. They are all inspired by the Cassiopeia constellation and each one is based on different rotations...
█ OVERVIEW This indicator automatically detects and draws bearish Cassiopeia A harmonic patterns and price projections derived from the ranges that constitute the patterns. Cassiopeia A, B and C harmonic patterns are patterns that I created/discovered myself. They are all inspired by the Cassiopeia constellation and each one is based on different rotations...
█ OVERVIEW This indicator automatically detects and draws bullish Cassiopeia A harmonic patterns and price projections derived from the ranges that constitute the patterns. Cassiopeia A, B and C harmonic patterns are patterns that I created/discovered myself. They are all inspired by the Cassiopeia constellation and each one is based on different rotations...
█ OVERVIEW This indicator automatically detects and draws bearish Cassiopeia B harmonic patterns and price projections derived from the ranges that constitute the patterns. Cassiopeia A, B and C harmonic patterns are patterns that I created/discovered myself. They are all inspired by the Cassiopeia constellation and each one is based on different rotations...
█ OVERVIEW This indicator automatically detects and draws bullish Cassiopeia B harmonic patterns and price projections derived from the ranges that constitute the patterns. Cassiopeia A, B and C harmonic patterns are patterns that I created/discovered myself. They are all inspired by the Cassiopeia constellation and each one is based on different rotations...