█ CONCEPTS In modern day strategy optimization there are few options when it comes to optimizing a risk reward ratio. Users frequently need to experiment and go through countless permutations in order to tweak, adjust and find optimal in their data. Therefore we have created the Risk Reward Optimizer. The Risk Reward Optimizer is a technical tool designed to...
The originator of this script is Linda Raschke of LBR Group. This Pine Script code is the version 5 of LBR Paintbars for TradingView, called "LBR-Bars." It was originally coded for TradingView in version 3 by LazyBear. It is a complex indicator that combines various features such as coloring bars based on different conditions, displaying Keltner channels, and...
This indicator is "Interactive." Once added to the chart, you need to click the start point for the moving average stoploss. Dragging it afterward will modify its position. Why choose this indicator over a traditional Moving Average? To accurately determine that a wick has crossed a moving average, you must examine the moving average's range on that bar...
Conceptually very simple. The all time high or low of the chart (this indicator can be used with non-price sources as well), is used to divide the price pane continuously by 2. For example the first pivot is (All Time High + All Time Low)/2. From this point the price chart is further divided by 2. The user can set the depth of division, and the lines for...
This script creates a custom indicator, visualizes two RSI values (RSI1 and RSI2) on the chart and generates alerts based on different RSI-related conditions, which can be used for technical analysis and trading strategies. Users can customize the RSI parameters and alert levels according to their preferences. It includes several input parameters that allow the...
Price change indicator in the form of diagonal rows. The calculation is based on the percentage or tick deviation of the price movement (indicated in the "Deviation" parameter), which is displayed on the chart in the form of rows. The row consists of the base middle line, upper and lower limits: The middle line is the basis for the upper and lower limits of...
How This Script Works: 1. This script calculate the probability of price reaching a user-defined price level within one candle with the help Normal Distribution Probability Table. 2. Normal Distribution Probability Table is use for calculating probability of events, it's very powerful for calculation of probability and this script is fully based on that...
How The Script Works : 1. This script calculate the average movement of the price in a user defined custom session and plot the data in a table from on top left corner of the chart. 2. The script takes highest and lowest value of that custom session and store their difference into an array. 3. Then the script average the array thus gets the average price. 4....
Summing up central banks balance sheet of: US , China, EU, Japan, UK, Swiss, Australia, Canada, Norway Brazil, Russia, India, Mexico, Indonesia Taiwan, HK, Korea, SG, Thailand Then adjusting it to USD as the common denominator for comparison. Net Foreign Assets (or foreign reserves) + Net Domestic Assets (or domestic credit, usually Money Supply M1) = Total...
█ OVERVIEW The indicator tracks and reports the percentage of occurrence of daily tops and bottoms by the time of the day. █ CONCEPTS At certain times during the trading day, the market reverses and marks the high or low of the day. Tops and bottoms are vital when entering a trade, as they will decide if you are catching the train or being straight offside....
Looking at the financial health of a company is a critical aspect of stock analysis because it provides essential insights into the company's ability to generate profits, meet its financial obligations, and sustain its operations over the long term. Here are several reasons why assessing a company's financial health is important when evaluating a stock: 1....
Stage analysis is a technical analysis approach that involves categorizing a stock's price movements into different stages to help traders and investors make more informed decisions. It was popularized by Stan Weinstein in his book, "Secrets for Profiting in Bull and Bear Markets." The stages are used to identify the overall trend and to time entries and exits in...
This Pine Script is an indicator designed to mark and highlight specific trading sessions on a TradingView chart. Here's a description of the script's functionality: 1. *Session Selection*: The script allows you to select a session time frame using the `session_input` input. The available options for session time frames are "D" (daily), "W" (weekly), "M"...
This script is designed to assist traders in identifying potential trading signals and trends based on the MACD indicator. Users can adjust the input parameters to fine-tune the indicator to their trading preferences. When specific conditions are met, alerts are generated to notify the user of potential trading opportunities. Indicator Description: The script...
The "Rule of 16" is a simple guideline used by traders and investors to estimate the expected annualized volatility of the S&P 500 Index (SPX) based on the level of the CBOE Volatility Index (VIX). The VIX, often referred to as the "fear gauge" or "fear index," measures the market's expectations for future volatility. It is calculated using the implied volatility...
Median of Means (MoM) is a measure of central tendency like mean (average) and median. However, it could be a better and robust estimator of central tendency when the data is not normal, asymmetric, have fat tails (like stock price data) and have outliers. The MoM can be used as a robust trend following tool and in other derived indicators. Median of means (MoM)...
Some traders calculate using percentages when trading. The original ATR indicator calculates using price movements, so it differs for each stock. To avoid this, I changed the ATR indicator to show price movement as a percentage. The red line is the percentage value of the volatility of the original ATR indicator. The white line is 1.6 times the original indicator....
This indicator will help you calculate your position. This will automatically calculate potential liquidation price and select leverage for your stop loss and risk size. How to use it: 1. Select position direction. (long checkmark - selected if it's long) 2. Select entry. If you want to use custom entry price select checkmark and set value. (Current price is...