This indicator provides traders with a clear visualization of the opening price and its potential movement range for a specific timeframe, based on the Exponential Moving Average (EMA) of the Average True Range (ATR). Features: Opening Price Line: A green line representing the opening price for the chosen timeframe. EMA ATR Lines: An upper blue line,...
The script above is a trading strategy with rules based on the Engulfing candlestick pattern within the context of the trend. Some key elements of this script include: 1. ATR (Average True Range) settings to measure market volatility. 2. Supertrend settings to identify the market trend. 3. Conditions for determining uptrend and downtrend. 4. Determination of...
Iteration on ChrisakaChis' HIsDistDevs indicator which adds customizability options and automatically adjusts the deviations according to the loaded chart and timeframe. Supports ES, NQ, YM, RTY, GC
This script allows you to have multiple vertical lines on your chart (for seeing how price action performs around certain times of interest to you. You can adjust the code to add new lines or colours as you wish (or comment out any that are there if they don't suit you. There is also a shaded area, so you can use that for delineating an amount of time. The...
This Script Introduces The Use Of The Gaussian Channel Concepts This indicator consists of three lines: a central line that represents the moving average, and an upper and lower band that represent the volatility of the price movements. The Gaussian channels is a concept consists of an upper & lower bands along with the basis; the mid band. The use of the...
This Indicator dynamically generates and displays on the chart Trend Channels with the pivot points it determines in each market and in each time period. The type of price used to determine the pivot points and create the channels is optional (e.g. close or high, low). It will help you identify your entry points and stop zones and help you take positions, but it...
This script paints candles when their zscore reaches above 2 standard deviations in price from the mean. The blue candle represents up candle above 2. Magenta candle below -2. The candles can signal the beginning of a move and also importantly exhaustion. The script also signals when a candle has volatility above 6. The higher the sensitivity the less frequent...
Spot-Vol Correlation Script Guide Purpose: This TradingView script measures the correlation between percentage changes in the spot price (e.g., for SPY, an ETF that tracks the S&P 500 index) and the changes in volatility (e.g., as indicated by the VIX, the Volatility Index). Its primary objective is to discern whether the relationship between spot price and...
This script is developed on time & price, algorithmic market theory that is well explained in the book "Demystifying ICT" by Hopiplaka. Indicators main features: *PO3 - Goldbach(IPDA) levels which is based on the size of a price range (dealing range) as a factor of power of three (3^n). There is PO3 numbers starting from 3 to 177147 as predefined, but also there...
The Advanced Market Opening Gap Detector (AMOGD) is a Pine Script indicator designed to help you identify market gaps at the opening of a new trading day. Gaps are areas on a chart where the price of a security moves sharply up or down with little or no trading in between. They are significant as they may indicate a change in market sentiment. This indicator...
This indicator triggers alerts for long and short positions on DAILY TIME FRAME for SWING trades based on the conditions which described below. This script will generate alerts when the following conditions are met: LONG POSITION: RSI(14) above 50. EMA(5) crosses above EMA(10). Indicator Triangle Green below price bars SHORT POSITION: RSI(14) below 50. EMA(5)...
English: This indicator calculates the percentage change in price from the opening to the high and from the opening to the low for the current candle. It allows users to set a threshold percentage for both price increases and decreases. If the price change exceeds the specified threshold, the indicator generates signals and marks them on the chart. A green...
The Performance Oscillator (BPO) is an intuitive indicator that makes it easy to analyze the performance of any asset. It operates over 5 simultaneously configurable periods. All design elements are also customizable. The integrated table summarizes the information in color, so you can quickly assess the different variations. How it works The operation of this...
RSI Custom Levels is a "one stop shop" for a complete strategy based on RSI. AS per principal: RSI oscillates between 0-100 and therefore the indicator is build around various parameters of RSI. It comprises of 4 different levels of RSI and therefore highlights the candles accordingly. Understanding each LEVEL: Level 1 (Highlight): Highlights candles that have...
Today I'm proposing an idea to form S/R with a slightly different basic idea. This is a combination of CCI and candlestick study, and we will use this to mark possible reversal candles and possible S/R lines. This is nothing complicated, I've used a basic CCI indicator with certain rules/system to mark S/R levels on the chart. (Have loaded traditional CCI...
This script visualizes the "premium" or "deflection" between the price of Ethereum in a fund (ETHE) and the price of Ethereum itself. It's used to detect when the ETHE fund is trading at a significant premium or discount compared to the actual value of Ethereum it represents. Components: Two-Pole Smoothing Function: This function acts as a filter to smoothen...
The OI Volume Oscillator Cross Dynamics is a custom indicator designed to analyze the relationship between Open Interest (OI) and Volume Oscillator in the cryptocurrency markets. This tool aims to assist traders in identifying potential market sentiment shifts, enabling them to make informed trading decisions based on the dynamic interplay of these key market...
Description: Liquidity Depth Pro+ is a trading tool with a remarkable adaptability and perfectly aligned with the intricate demands of the futures, forex, and bond markets. This indicator is based on a concept taught by the Inner Circle Trader (ICT), who explains that institutions tend to dig deeper into Liquidity Pools above highs and below lows. Specifically,...