In this indicator, I show you a better way to define high/low values of volume (or any other indicator). Quite often, I get requests from my clients that an indicator level should be “high” or that it should be above a certain absolute level. The first request is hard to interpret mathematically, but traders can easily spot it on the chart. The second one is not...
This script plots Open Interest Delta (change in OI). It also draws a heatmap and colors chart's candles to help you identify bars with large OI increase or decrease and apply Open Interest analysis concepts to your trading. Positive OI Delta = net increase in open/unsettled positions Negative OI Delta = net decrease in open/unsettled positions
I created this indicator to tell me when it's time to trade (going long) and when it's time to wait (or going short). You can enter up to 13 ticker (default is S&P500 and key market segments). For each ticker, fibonacci levels are calculated and represented either in 5 color or 3 color mode as single lines. (Thanks to eykpunter for the fibonacci level...
Keep higher timeframe OHLC in mind by watching the candle form on LTF charts. Inspired by ICT concepts, specifically concerning the daily OHLC.
"In a world of ever pervasive and universal deceit, telling a simple truth is considered a revolutionary act." INTRO: First, how about a little bit of philosophic poetry with another dimension applied to it? The "matrix of control" is everywhere... It is all around us, even now in the very place you reside. You can see it when you look at your digitized...
Hello traders and investors, Today, I am going to share an indicator that I made by mixing RSI and CCI in different timeframe. You can use this indicator in various ways, however the best possible way I would recommend you to use it is to combine it with price action. I would suggest to play with, so you can decide if it works the best for you. The whole...
This fulfills a request from user: iTibu to make an oscillator to go along with one of my indicators named: " Volume Crop ━ Hidden Volume Divergence ". It essentially does the same thing, without the Midline Tool , so you can better understand where the crosses are happening. Again, the hidden MACD Divergence circles formula originated from TheLark. I...
Since my own style is Smart Money Concept and these days I have seen a lot of my friends who are having trouble identifying structures for their indicators and strategies. I wrote this code so they could use it in their strategy . In fact, this type of structure, as one of the strongest technical structures, can increase the success of your strategy according to...
Stochastic RSI Screener is built as an indicator and can be applied to any chart. It gives users the ability to choose 5 specific symbols to watch and then specify the required options to change the RSI and Stochastic settings in a way that fits their needs. This screener shows the values of (CURRENT PRICE, RSI, K-VALUE, D-VALUE) for each one of the specified...
█ OVERVIEW MATHR3E RAMP-MA (R-MA) is a trend following indicator. █ CONCEPTS Disclaimer: MATHR3E RAMP-MA indicator is intended for advanced traders and may fit your profile, whether you are a day trader or a long-term investor. It was originally developed by a renowned market analyst and documented in numerous books. Among them is the author Jason Perl. It...
This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our fifth one we are automating is one of the strategies from "The Best 3 Buy And...
The Pine Script strategy that plots pivot points and trend lines on a chart. The strategy allows the user to specify the period for calculating pivot points and the number of pivot points to be used for generating trend lines. The user can also specify different colors for the up and down trend lines. The script starts by defining the input parameters for the...
This indicator implements the (mab) Money Flow (MMF). The MMF is calculated using a formula inspired by RSI. In contrast to RSI, MMF uses the average of open, high, low and close as price source. This price is then multiplied with the volume as input for the RSI like formula to calculate the value. Features: - Volume weighted price momentum oscillator - Uses...
This Indicator is known as Cumulative Volume Delta (CVD), and it represents the total difference between buying and selling pressure. This indicator use intrabar analysis to strike a balance between the most straightforward and accurate approaches of computing volume delta. Intrabar analysis is the most accurate method to determine volume delta on historical...
Level: 3 Background Use Jurik MA to build MACD and many people need to judge the market trend against the main candlestick chart when using MACD . Function First of all, the MACD function is built with Jurik MA and ALMA for better performance. Second, the principle of MACD is the difference between EMA's long-term and short-term values. So, I wonder if it is...
This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our 9th one is an automated version of the "I Tested The Best 1 Minute Scalping...
Hallo, very simple indicator in order to view trends we have two linear regressions one is the regular one that we know at length 100 the other one is lagging or past linear which is shorter at length 30 the basic idea is that when we combine both we can see trend of the current and the past linear when they cross each other and from this we can make signals....
Library "ZigzagObjects" User Defined Types to be used for Zigzag related libraries. This library just contain types. There be be another library ZigzagMethods which will implement using these types. Advantage of having types defined in separate library is that we do not have to update types for changing the implementation. Indicator Indicator is collection...