JDT Support & Resistance Levels This Pine Script indicator identifies and dynamically plots pivot-based support and resistance levels on your chart. Unlike traditional pivot point calculations, this script uses a user-defined lookback period to identify swing highs and lows, providing a more adaptable approach to identifying potential price reversal...
Indicator Name: Asian Range Indicator Description: This TradingView indicator is designed to accurately detect the price range during the Asian session, based on our trading strategy. This range is crucial for planning trades in the European and American sessions. Using advanced algorithms, the indicator automatically identifies and plots the highs and lows...
Indicator Explanation The indicator identifies bullish and bearish engulfing patterns and plots Fibonacci levels based on these patterns. Here's a detailed explanation of the script: 1. Bullish Engulfing Pattern A bullish engulfing pattern is identified when: - The previous candle is bearish (`close < open `). - The current candle is bullish (`close >...
I've noticed that many Pine coders calculate buy and sell volumes by considering the volume of a bullish candle as buy volume and the volume of a bearish candle as sell volume. However, I believe this approach isn't very logical, especially for candles with long wicks like pinbars. Therefore, I've devised a method to calculate the buy and sell volumes of a...
A basic Indicator, meant to delineate Specific ICT reference open times To be used with any ICT model that accounts for such, Time zone is set to the default UTC-4, New York Eastern Time, and all open times can be adjusted manually to the user's liking. Also displays labels for days of the week that can be positioned at the top or bottom of the chart
Support and resistance are fundamental concepts in technical analysis used to identify price levels on charts that act as barriers, preventing the price of an asset from getting pushed in a certain direction. Here’s a detailed description of each and how breakout strategies are typically used: Support Support is a price level where a downtrend can be expected to...
This indicator identifies days where the number of new 52-week lows for all issues exceeds a user-defined threshold (default 4%), potentially signaling a market downturn. The background of the chart turns red on such days, providing a visual alert to traders following the "Bloodbath Sidestepping" strategy. Based on: "THE RIPPLE EFFECT OF DAILY NEW LOWS," By Ralph...
This is a simple indicator that has been designed to aid intraday trading and has a few components; Key Features Session Ranges + Optimal Exit Time Asia Pip Range New York Midnight Open Line Session Ranges + Optimal Exit Time Information ℹ️ This is a visual depiction of the 3 main sessions in the markets. Asia, London & New York. The default...
The "Volume Surge Analysis " indicator is designed to detect significant volume surges in the market. By analyzing volume relative to its moving average and incorporating a comparison of the true range of price movements, this script highlights potential bullish and bearish volume spikes. Traders can utilize these signals to identify moments of heightened market...
Overview This script is designed to generate trading signals based on the Supertrend indicator, a popular technical analysis tool. The Supertrend indicator is used to identify the direction of the market trend and potential reversal points. Supertrend Settings The script uses two sets of Supertrend settings: Small Supertrend Factor: 3.0 ATR Period: 10 ...
Cot Histogram | Mercor Overview: The Cot Histogram | Mercor indicator provides a comprehensive visualization of the Commitment of Traders (COT) report data using bar charts. This indicator is designed to help traders analyze the positions held by commercial traders and large speculators in various markets. By representing the data as histograms, traders can...
Hey people! Thanks for using Expansion Candles. I designed this tool to help me identify price runs (expansions) based on consecutive bullish or bearish candle closes and then trade continuations on the lower timeframes. Here's what makes it awesome: How Does It Work? An “expansion” is confirmed after multiple closes above the previous candle’s high (in the...
How this indicator works : 1. Setup and Inputs: The script sets up user inputs for various parameters such as pivot period (prd), pivot source (ppsrc), maximum channel width (ChannelW), maximum number of support/resistance levels (maxnumsr), minimum strength (min_strength), label location (labelloc), line style (linestyle), and line width (linewidth).Colors for...
The SuperThree is a comprehensive technical indicator designed to identify and visualize market trends and counter-trend momentum in trading. It uses a unique color-coding system to represent different market conditions and potential trading opportunities. Uptrend (Green Fill) : This is indicated by a green fill. An uptrend is a period where prices are...
Precise Gap Finder This indicator identifies Fair Value Gaps (FVGs) in price action and it is perfect for traders looking to exploit price imbalances and capitalize on trading opportunities. How It Works: The Precise Gap Finder detects Fair Value Gaps by analyzing three consecutive candles. A gap is identified when the middle candle’s price range (open to...
■About this indicator This indicator divides the selected stocks by any stocks you specify and plots the result in a new pane. At the same time, it plots the GMMA against the result of the division. This allows you to see the relative chart and trend of the selected stock and the arbitrary stock. Quote Symbol: Specify the denominator of the division. The default...
Liquidity Hour by Ibramiho (Version 2) - Identify High-Potential Reversal Zones Understanding the pre-New York session hour is crucial for institutional traders. This period is often characterized by increased liquidity and price volatility as major financial players prepare for the upcoming trading day. The Liquidity Hour indicator capitalizes on this...
█ OVERVIEW The Premarket Levels indicator measures the premarket high and low of any given market. The Premarket Levels creates potential strong resistance and support levels based on the premarket high and low which traders can use to gauge the market outlook ahead of the regular open. The aim of this script is to simplify the trading experience of users by...