🚀🌟 Introducing the Reversal and Breakout Signals by AlgoAlpha 🌟🚀 This innovative tool is crafted to enhance your chart analysis by identifying potential reversal and breakout opportunities directly on your charts. It's designed with both novice and experienced traders in mind, providing intuitive visual cues for better decision-making. Let's dive into the key...
This script visually identifies harmony and divergence within the market through an analysis of volume and price action over a specified lookback period. The script highlights these phenomena on the price chart, aiding traders in making informed decisions based on observed patterns. What It Does: The script operates on the principle of comparing volume and...
Rate of Change Machine Author: RWCS_LTD Disclaimer: This script is provided for informational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment...
🔶 Description: This script, "Liquidity Sweeps by UAlgo" aims to identify and visualize potential liquidity sweeps in the market, assisting traders in spotting significant price levels where liquidity may be targeted by large orders. The script highlights pivot points and draws support and resistance lines based on user-defined parameters. When a liquidity...
Introducing the concept of "Unbounded RSI". Instead of indexing the average gain and average loss, over the time period of interest, we leave the average gain and loss unbounded. Instead we "bound" them by difference of each and smoothen out this difference in an envelope using exponential average. See code. What this does to traditional RSI concept? No...
The true charm of the Fibonacci moving average band lies not only in its predictive ability. Its essence is that it combines the beauty of mathematics with the practicality of market analysis, providing traders with a powerful tool to optimize trading strategies. It's not a simple number game, but a wisdom that sees into the deeper structure of the market. Next,...
Introducing the ∑ MVRV Z-Score by AlgoAlpha, a dynamic and sophisticated tool designed for traders seeking to gain an edge in INDEX:BTCUSD analysis. This script employs advanced statistical techniques on Bitcoin On-Chain data to offer a deeper understanding of market conditions, focusing on valuation extremes and momentum trends. Let's explore the features...
On the grand stage of the financial market, every trader is looking for a partner who can lead them to dance the tango well. The "Twisted Pair" indicator is that partner who dances gracefully in the market fluctuations. It weaves the rhythm of the market with two lines, helping traders to find the rhythm in the market's dance floor. Imagine when the market is as...
This script Calculates the price of Bitcoin solely on the hashrate and the cost of electricity. The calculation is quite conservative considering its based on the average cost of electricity globally and we are assuming that everyone is running the latest mining hardware, which is the most efficient and cost effective. Under both of these assumptions the...
What is Rocket RSI Welles Wilder's original description of the relative strength index (RSI) in his 1978 New Concepts In Technical Trading Systems specified a calculation period of 14 days. This requirement led him on a 40-year quest to find the right length of data for calculating indicators and trading strategy rules. Many technicians touched on RSI and...
The "RSI MFI WPR Combo" is a sophisticated trading indicator developed for the TradingView platform, which synergistically combines the insights of three renowned technical analysis tools: the Relative Strength Index (RSI), the Money Flow Index (MFI), and the Williams Percent Range (WPR). This indicator is meticulously designed to assist traders in identifying...
The Ohlson O-Score is a financial metric developed by Olof Ohlson to predict the probability of a company experiencing financial distress. It is widely used by investors and analysts as a key tool for financial analysis. Inputs: Period: Select the financial period for analysis, either "FY" (Fiscal Year) or "FQ" (Fiscal Quarter). Country: Specify the...
The "Entry Buy/Sell with RSI-WMA Conditions" script, crafted by Brian Le, is a specialized TradingView indicator designed for traders who seek to capitalize on specific RSI (Relative Strength Index) crossover events relative to key moving averages, specifically the EMA (Exponential Moving Average) and WMA (Weighted Moving Average). This tool is particularly useful...
Main info This script automatically draws you the Fibonacci retracement level called golden pocket from the latest detected pivot point to the actual price. This level is very popular among traders because the price tends to reverse on this level pretty often. You should use this on higher timeframes 15m+. It is good to keep in mind that this level alone is not...
This script is designed for traders who seek to visually identify and analyze patterns of harmony and divergence in the price action of securities directly on their trading charts. The script provides a nuanced approach to understanding market sentiment and potential price movement directions by examining candle sizes and volumes over a specified lookback...
The indicator draws boxes when close to close returns are positive for at least a specified number of bars. The last bar is only included in the box (if positive) after the market is closed, to avoid false positives. The standard use (by William O'Neil) is on weekly charts, using at least five consecutive up bars to define a box (indicating strong institutional...
The Inversion Fair Value Gaps (IFVG) indicator is based on the inversion FVG concept by ICT and provides support and resistance zones based on mitigated Fair Value Gaps (FVGs). 🔶 USAGE Once mitigation of an FVG occurs, we detect the zone as an "Inverted FVG". This would now be looked upon for potential support or resistance. Mitigation occurs when the...
This is a simple script that provides you with realtime information on the actual Bitcoin price difference between the Binance Perpetual Futures and the Coinbase Spot markets. I consider this information very useful - especially on intraday timeframes - because it immediately shows the way the retail margin traders are skewed. Positive values mean that the...