I started off with the intention of creating script to identify Wolfe wave projection. But, soon ran into problem with loops. Realized drawing wedge is more difficult than drawing converging triangle. Hence, took a step back and started working on wedges and triangle identification. Ended up with a messy output which looked like this. Had to take another step...
This indicator shows the highest and lowest level of the previous week in the current week. This area is also divided into 4 sections that can be controlled from the settings section.
Description: Automatically draw Fibonacci Pivot levels based on the previous (day's, week's or month's) Range ( High-Low ). The HLC3 is used as the default Pivot level. Unlike the "Auto Fibonacci Levels", this variation does not update Levels on current day even if the price goes past the R3/S3 levels. Timeframes: 1D, 1W, 1M Range = (High - Low) - From previous...
INTRODUCTION: Compared to all the Pivot Indicators available on Trading View Public Library, this Floor Pivots Indicator differentiates itself in two major original ways: Dilates the Pivot Support/Resistance Levels into Support/Resistance Bands based on volatility Displays the S/R Levels Dynamically , that is, only those levels will be shown that are...
This indicator is inspired by traditional statistical histograms. It will return the number of occurrences of price falling within each interval (bins) of the linear regression channel. This can be useful to highlight zones of interest within a trend. Settings Length: Number of recent closing prices used for the computation of the linear regression. Bins...
Hello traders, I would like to present you Compression support&resistance script. The idea behind is to look for areas of price compression(inside bar candles). Basically the S/R lines are created after three candles that are formed in certain pattern and volume conditions. First candle of pattern is usually the most volatile and fist inside bar after volatile...
this strategy is based on the Indicator "Auto Fib Golden Pocket Band - "Autofib Moving Average" it's the same as the indicator but with: - the strategy tester included - several entry Signal filter - Dynamic SL
This indicator uses the concept of the "Opening Range" to create a Fibonacci zone from the high and low set during a specific time period after open (Defaults to 9:30 - 10:05 AM, EST) The Opening Range is a popular tool for intraday technical analysis. Price frequently uses these levels as support/resistance, and a breakout from within the range can be a sign of...
An indicator that draws support, resistance and trend lines automatically based on the high/low and current direction of the asset.
This indicator displays the market open and close price levels for the main trading sessions (Sydney, Tokyo, Frankfurt, London and New York). The Daily Line changes color depending on if price is trading above or below the level. Feel free to add or replace levels depending on your trading style and trading times.
This script is a simple implementation of a QFL (Quickfingers Luc) base scanner. This QFL base scanner uses a different approach to some other QFL base scanners that are on TradingView. Other TradingView scripts look for a candlestick pattern of two lower lows followed by two higher lows combined with an increase in volume. This can generate some unexpected...
I took a concept similar to the "Adaptive RSI" to get the RSI overlaid on a price chart. The problem I have with the Adaptive RSI is to me it sticks too closely to price. I wanted something much more visually helpful that can provide actual tradable signals and strategies. The orange line you are seeing is the "RSI Trend Line" The further the RSI moves away...
This indicator displays the weekly Friday closing price according to the CME trading hours (Friday 4pm CT). A horizontal line is displayed until the CME opens again on Sunday 5pm CT. This indicator is based on the thesis, that during the weekend the Bitcoin price tends to mean reverse to the CME closing price of the prior Friday. The level can also act as...
What distinguishes this indicator? A Compound Ratio Weighted Moving Average ("CoRA") is a Moving Average that, regardless of its length, has very little lag and that can be relied on to accurately track price movements and fluctuations - compared to other types of Moving Averages. By combining multiple Compound Ratio Weighted Moving Averages you can identify...
Hello Traders, I would like to introduce you ATR Trailing Stops S/R . The idea is to look for important levels that are identified by trailing stop line, where it usualy spents a lot of time without any move usualy turns out to be good level for bounces. Script for atr trailing line is originaly taken from: script made by @dgmoon It has various...
This, a very different script from most of mine, is my attempt at making a useful, and not messy, support and resistance indicator. If you've never looked into trader xkavalis, and his scripts and discord, I would highly recommend it. He talks about "pay attention candles" a lot. It got me thinking about what those are. Best as I can tell all he means by that...
Creates any multitimeframe level and marks opens, highs lows and midpoints Comes with labels (hidable) Works on Bar-by-bar replay Customizable color! The default 3 ranges are weekly, monthly, and quarterly in that order. If you want to change the labels change it in the code... or just hide them. Big thanks to @spacemanbtc @Kriswaters for the code (levels and...
This indicator uses Stochastic RSI+ as a means to determine overbought and oversold conditions which subsequently define recent support and resistance levels.