Description: The given Pine-Script, titled "Real Relative Strength (RSRW)," is designed to evaluate the relative strength of the selected security compared to a benchmark security, defaulting to "SPY". It utilizes TradingView’s programming language and is structured to run on its platform. Functionality: Rolling Price Change Calculation: It calculates...
This indicator is inspired by the book “The Definitive Guide to Forecasting Using W.D. Gann’s Square of Nine”. It’s designed to identify overextended price levels in the market. The indicator uses the concept of Gann’s Square of 9, which is a method for forecasting price movements by observing geometric relationships between price and time. It calculates the...
Tick Weighted Average Price %B "TiWAP %B" is an indicator that tracks the NYSE TICK by default and plots price location in relation to the tick weighted average price based only off of extreme TICK movement. NASDAQ TICK is also supported and future updates may add others if they provide value, or if requested. This utilizes same calculation as TiWAP indicator...
Kawasaki_MFI Indicator The Kawasaki_MFI indicator is a customized technical analysis tool developed to analyze asset prices in financial markets. This script is implemented in TradingView's Pine Script language (version 5) and is based on the concept of the Accumulation/Distribution Line (ADL) which is a volume-based indicator designed to measure the cumulative...
The indicator is designed to identify consolidation periods on the chart of a trading instrument. Key factors and parameters to consider when using this indicator: 1. Consolidation length (consol_length): This parameter allows you to set the length of the period in which consolidation will be sought. The higher the value, the longer consolidation periods...
Market sentiment and market breadth are important factors for traders to consider when making trading decisions. The TICK index , which reflects the buying and selling activity of an entire index, can provide valuable insights into market sentiment and breadth. 1. Assessing Market Sentiment: - Positive TICK: When the TICK index is consistently positive...
/Introduction The Market Breadth Strategy (MBS) is a versatile strategy for trading the US stock market. MBS is suitable for traders with low, medium and high risk tolerance who prefer trading equities as an asset class on the 1 day timeframe. It combines mean reversion with trend following to keep you participating in the stock market for as long as is...
This indicator calculates actual changes in the asset value, based on the assumption that changes in the dollar value are correlated with changes in the dollar index. The calculation begins by converting the asset price to dollars. It is then multiplied by the dollar index. This value itself has no inherent meaning, but changes in this value reflect actual...
A doji names a trading session in which a security has an open and close that are virtually equal, which resembles a candlestick on a chart. The word doji comes from the Japanese phrase meaning “the same thing.” A doji candlestick is a neutral indicator that provides little information.
The combined indicator you've provided consists of three different indicator logics. Here's how to use it: 1. **Indicator 1: Trend Trader AVR Strategy** - This indicator is based on the Trend Trader AVR Strategy. - It uses three input parameters: `Length1`, `LengthMA1`, and `Multiplier1`. - The indicator plots a moving average (`nResMA1`) and changes the...
This script is based on divergence situation related to momentum and price. For this we have 4 strategies divergence calculation : So user can choose which strategy will be applied on chart from input. one of them or all of them. Also user can activate swing High ang swing Low be shown on chart. Below explanation of strategy what is doing : Strategy 1 or...
Overview This indicator plots horizontal lines at the daily high and low levels of the On Balance Volume (OBV). The numerical lines for each day are updated in real-time as the OBV high and low values change. Please note that there are limitations on how far back in history the indicator can go due to Pine Script's object drawing limitations.
This indicator visualizes the cumulative percentage changes or returns of 30 symbols over a given period and offers a unique set of tools and data analytics for deeper insight into the performance of different assets. Multi Asset Performance indicator (also called “Spaghetti”) makes it easy to monitor the changes in Price, Open Interest, and On Balance Volume...
This script is written in Pine Script and is designed to be run on the TradingView trading platform. It is an advanced technical analysis indicator that utilizes various methods and indicators to generate trading signals based on a Volume Spread Analysis (VSA) approach. Here's a detailed breakdown of its functionalities: ### Customizable Parameters: 1....
The "Buyer/Seller Dominance" indicator script, developed by Deepanshu Sharma under The Market Wisdom (TMW), is a powerful analytical tool designed for use on the TradingView platform. This script is released under the Mozilla Public License 2.0, and it offers traders and investors an innovative perspective on market dynamics by assessing the relative strength of...
This indicator is primarily for identifying pauses in Stage 2 uptrends, modelled on Qullamaggie's style of trading, but fits well with many traders including William O' Neil. or Mark Minervini. I built this for my own purposes, and have gradually added range of tools into a single suite. My goal has also to be as clean as possible, while providing clear,...
The "Zaree - Predictive Imparity Momentum Indicator" (Z-PIMI) is a custom indicator designed to measure the momentum difference between two currency pairs. Let's break down its components and functionality: Inputs: pimiLength: Defines the period for the RSI calculation. selectedMAType: Allows the user to choose the type of moving average (SMA, EMA, WMA, VWMA)...