🔵 Introduction In "technical analysis", there are certain reversal patterns that alert us to a potential reversal of a stock's previous trajectory. Two significant patterns in this regard are the "Morning Star" pattern and the "Evening Star" pattern, which are formed by a combination of three different candlesticks and are considered as reversal patterns....
This indicator allows you to visualize a specific period of time, marking the maximums and minimums they have had. Additionally, it marks the change of day (NY Time). The base configuration that the Indicator brings, shows the Globbex session, obtaining the maximum and minimum that it has had. Marks the London/NY Session Intersection. ...
The connectable strategy serves as a foundational component in our indicator system on TradingView, designed for intuitive testing, visualization, and construction of trading strategies. In concert with the connectable signal filter , it forms a cohesive unit that allows for efficient signal processing and strategy implementation. This integration enables the...
The "Evolving R" script is a script that allows to calculate a dynamic reward-to-risk ratio at any given point of time during the trade. Its fundamentals are based on Tom Dante's concept of an evolving reward-to-risk. The script requires a user to input their preferred stop loss price and the target price for a specific asset, and calculates the ratio between two...
The Global Liquidity Index (Candles) provides a comprehensive overview of major central bank balance sheets worldwide, presenting values converted to USD for consistency and comparability, following relevant forex rates. This indicator, based on the code developed by user ingeforberg , incorporates essential US accounts including the Treasury General Account...
PositionCalculator is a simple position calculator that helps to calculate position size or lot size based on custom settings. The calculation result is presented as a table on the chart screen. Settings description: MAIN SECTION: Risk level in percentage Account size Entry price Stop price Take Profit FOREX SETTINGS are in addition to the...
Developed by Jayce in June 2022 and later updated by Light in January 2024. Key Features: Customizable Watermark: Enhance your chart with a personalized watermark. Enter any text, like your trading mantra or brand name, to keep your focus aligned with your trading strategy. Adjustable Font Size: Tailor the appearance of your watermark and notes with...
This indicator is to be used on srcipts in Futures Segment. 1. It visually displays in tabular format the change in open interest and the change in price compared to the previous day. 2. It also displays the scenario where open price of session is near high price of session or low price of session, indicating a emergence of strong sellers or strong buyers from...
The Candle Decomposition indicator shows the last 2 candles in detail, with 2 levels of lower timeframes (LTF). In this way, you can keep oversight of history, while zooming in on the last and previous candle. This tool is meant to be used in realtime, preferentially for intraday usage. 🔶 USAGE In this example, on the current timeframe of 15 minutes, you...
Intro: This is an example if anyone needs a push to get started with making strategies in pine script. This is an example on BTC, obviously it isn't a good strategy, and I wouldn't share my own good strategies because of alpha decay. This strategy integrates several technical indicators to determine market trends and potential trade setups. These indicators...
Intro: This post introduces a Pine Script strategy, as an example if anyone needs a push to get started. This example is a strategy on ETH, obviously it isn't a good strategy, and I wouldn't share my own good strategies because of alpha decay. This strategy combines two technical indicators: Aroon and Absolute Strength Histogram (ASH). Overview: The strategy...
Describes if markets are liquid enough for institutions to manipulate. Its often difficult to determine if markets will trend or chop, but by looking at how much volume we have at the open, we can determine of the session will be choppy or trendy, and take trades based on that. Settings predefined for 1m timeframe on SPY. May work with other tickers, but I have...
Time Bound Trading Sessions allows to add time bound conditions to your trading sessions given a date range , a time range and/or days of the week . This indicator can be very handy if you want to control your trading sessions along those three time boundaries, applying them together and/or separately. Feel free to reuse this code in your own strategy, and...
The goal of this indicator is to calculate and visualize the optimal leverage and average leverage for a given security based on its historical price data. The optimal leverage is determined by analyzing the relationship between the annualized return and annualized volatility of the security over a specified lookback period. The methodology can be broken down...
The triple MA strategy is a simple but effective method to trade the trend. The advantage of this script over the existing triple MA strategies is that the user can open a lower time frame chart and select higher time frame inputs for different MA types mainting the visibility on the chart. The dynamic smoothing code makes sure the HTF trendlines are not jagged,...
EMA Slope Indicator Overview: The indicator plots two exponential moving averages (EMAs) on the chart: a 9-period EMA and a 15-period EMA. It visually represents the EMAs on the chart and highlights instances where the slope of each EMA exceeds a certain threshold (approximately 30 degrees). Scalping Strategy: Using the EMA Slope Indicator on a 5-minute...
Good day, everyone! Today, we're going to look at a chart that's a bit different from the usual price charts we analyse. This isn't just any chart; it's a lens into the past, adjusted for the reality of inflation—a concept we often hear about but seldom see directly applied to our trading charts. What we have here is an 'Inflation Adjusted Price' indicator on...
This Pine Script indicator for TradingView allows users to visually highlight up to five distinct periods within a trading day directly on their chart. It's designed to enhance chart analysis by emphasizing specific time frames that may coincide with increased market activity, trading sessions, or personal trading strategies. Features: Customizable Highlight...