The "Custom % Breakout Highlight" indicator in Pine Script is designed to visually identify candles that experience a significant percentage price change relative to a user-defined threshold. The primary goal of this indicator is to highlight candles that surpass a specified percentage breakout level, signaling potential price movements or shifts in market...
Overview: The "Enhanced RSI" is a comprehensive TradingView indicator designed to provide traders with a nuanced and detailed analysis of market conditions using the Relative Strength Index (RSI). It amalgamates various RSI calculation methods to offer a more robust and adaptable approach to technical analysis. Originality: This script is unique in its synthesis...
The "ATR Stop" indicator is designed to provide traders with insights into potential stop levels based on Average True Range (ATR) calculations specifically tailored for profitable (green candles) and unprofitable (red candles) price movements. This tool aims to assist traders in identifying potential stop levels that adjust dynamically based on the volatility of...
Stochastic Trend Evaluator (STE): Detailed Description Overview : The Stochastic Trend Evaluator (STE) is a sophisticated trading tool designed for TradingView that combines stochastic oscillation analysis with Exponential Moving Average (EMA) trends. It is tailored to assist traders in identifying potential buy and sell opportunities in various market...
The indicator "Price Volume Harmony Indicator " (abbreviated as PVHI) combines relative volume intensity (RVI) and relative price change (PC) to identify potential synergy or divergence between price and volume movements. Let's break down the key components and discuss how to interpret the output: Relative Volume Intensity (RVI): It calculates the mean volume...
USA President year highlighted , years separated by white vertical lines, horizontal white line is yearly open. Can be used to analyze yearly performance related to 4 year cycle.
***NOTE THE VOLUME OSCILATOR PROVIDED AT THE BOTTOM IS FOR COMPARSION AND IS NOT PART OF THE INDICATOR**** This indicator provides a comprehensive and a nuanced representation of volume relative to historical volume. The indicator aims to provide insights into the relative intensity of trading volume compared to historical data. It calculates two types of...
Overview Technically a smooth linear rate transformation, the "Chaos Cypher" drew some inspiration from the principles of Markov and chaos. Aside from price action, this combination provides a different lens through which to observe and interpret market movements. Markov models are based on the principle that future states depend only on the current state, not...
This is an idea taken from a John Bollinger (of Bollinger Bands fame) talk. Instead of showing volume with a moving average overlay, we show volume relative to its moving average: avgVolume = sma(volume, 10) // several configurable MAs allowed relativeVolume = volume / avgVolume Now if we get a value of 1, that means the current volume is the same as its...
Indicator Name: SMA Comparison with Buy and Sell Signals Overlay: Enabled (Indicator is displayed on the main price chart) Description: The "SMA Comparison with Buy and Sell Signals" indicator is designed to identify potential buying and selling opportunities in a financial instrument by comparing three Simple Moving Averages (SMAs) – the 20-day SMA, 50-day...
Guided by ICT tutoring, I create this versatile indicator "IPDA". This indicator shows a different way of viewing the “IPDA” by calculating from START (-20 / -40 / -60) to (+20 /+40 /+60) Days, showing the Highs and Lows of the IPDA of the Previous days and both of the subsequent ones, the levels of (-20 / -40 / -60) Days can be taken into consideration as...
Kernel Regression Ribbon is a flexible, visually pleasing trend identification tool. Plotting 8 different kernel regressions of different types and parameters allows the user to see where levels of support and resistance are being tested, retested and broken. What’s Kernel Regression? A statistical method for estimating the best fitting curve for a dataset, in...
**NOTE: FOR COMPARISON TRADITIONAL ROC IS PLOTTED WITH THE SAME ROC LENGTH OF 9. IT IS NOT PART OF THE INDICATOR" The Nasan ROC indicator is smoothed version of the of the traditional ROC indicator. The Nasna ROC uses a triple pass moving average differencing strategy. A cumulative sum of the deviations obtained from the moving average differencing provides a...
🎲 New Divergence Indicator by Trendoscope Our latest Divergence Indicator revolutionizes the way traders identify market trends and potential reversals. Built upon the robust foundation of the Zigzag Trend Divergence Detector and inline with our recent implementation of the Divergence Goggles indicator, this tool is designed to be intuitive yet powerful,...
This script helps with identifying certain conditions without cluttering too much of the candles. Some use cases: It helps identify rsi low and high values. Directional price movement becoming difficult. low and high volume. it uses a percent rank to distinguish low and high values. It then uses a gradient to match the percentile rank to heatmap type...
The Hosoda Waves indicator was devised by Goichi Hosoda, the creator of the Ichimoku system, with the idea that previous highs and lows could determine future price ranges to which the market would react. Hosoda's projections include the NT, N, V, and E waves, derived from calculations based on both upward and downward ABC swings. The calculations for Hosoda's...
No Wick Bull/Bear Candlesticks with Arrow premium This script is for a custom trading indicator called "No Wick Bull/Bear Candlesticks with Arrow premium" developed by ClearTradingMind. It is designed for use with trading platforms that support scripting, such as TradingView. This indicator combines several technical analysis tools to help traders identify...
This indicator attempts to calculate potential points of imbalance and equilibrium based on VWAPs and modified moving averages. The idea is to determine if there has been a change in volume and perform the calculation from that point It uses the standard deviation to determine the significant imbalance threshold. Candles with bullish imbalances are highlighted in...