Two bands formed by moving averages of highs and lows. The lower band should provide zone of support in uptrends while the upper band should provide zone of resistance during downtrends. Bands that turn green in bullish trends should provide buy signals while bands that turn red in bearish trends should provide sell signals.
Hello all This indicator helps you to find spread between scripts. Very much helpful for finding spread of script with relative future script. (Index or Stocks). The are two methods to find spread – 1. Divide 2. Difference You can select your choice from indicator settings.
Hello Traders! The trend line is among the most important tools used by technical analysts. Instead of looking at past business performance or other fundamentals, technical analysts look for trends in price action. A trend line helps technical analysts determine the current direction in market prices. Technical analysts believe the trend is your friend, and...
Market Structure indicator is designed for lightning-fast understanding of market conditions. It works very simply. White bars signal a bullish market structure. Black bars signal a bearish market structure. It is possible to construct an independent trading strategy based on this indicator, starting from pivots: HH - Higher High LL - Lower Low HL -...
Asteroid Belt SpaceManBTC Asteroid Belt is a trend analysis tool that provides 3 areas of importance, upper, lower, and main belt. The belts provide areas of key interest that will likely cause a reaction on any asset that is being charted. Within The Belt There are 2 ways to play the belt, when trending in either direction, entering the belt can be...
Overview: This version of the Volume-Weighted Average Price (VWAP) indicator features an extended algorithm, which, in addition to volume and price, also incorporates regression analysis. The result is a more responsive, often leading VWAP slope with a degree of statistical predictability built in. Just like with the original VWAP, NEXT Regressive VWAP offers...
Momentum Trend Index (MTI), is a Trend Filtering system that utilizes momentum via RSI in a special unique way which not many people have done to date within Tradingviews platform and even outside it. Reduce the noise of the trend to focus on the direction, it holds true through consolidations and volatility spikes. Use your favourite RSI or Moving Average...
I call this strategy "Trident", as it uses three different, modified, customizable indicators: 50 Exponential Moving Average (Trend) Relative Strength Index (Momentum) Average Directional Index (Volatility) Strategy will be improved with future updates. You alone decide when to enter and when to exit a trade. PRICE ACTION IS KING and the TREND IS YOUR...
NSE:BANKNIFTY1! ⚠ Important: Before going into details of this script, in order to best use this indicator it is VERY VERY important to make some changes to the chart settings as mentioned below. • REMOVE CANDLE BORDERS from Symbol settings • CHANGE WICK COLOR to white/black/gray based on the chart theme you use, from Symbol settings Make sure you have these...
This indicator makes visualising some of the core TrendCalculus algorithm's key information and features both fast and easy for casual analysis. Interpretation: a) The light blue channel is the lagged price channel calculated over the timeframe of your choosing for a period of N values. When the current price breaks out of this channel the previous price major...
The Fibonacci Moving Average is a powerful indicator that takes into account many underlying moving averages to give out an approximate short-term/long-term view of the markets. Its strength lies with dynamic support and resistance levels. I have created this indicator in order to improve trend-following entry positions.
This script is based on RationalRoot's spiral btc chart. Since I dont know how to make spirals in pinescript I just flattened it out into a readable chart. All this shows is the log price for btc over a 4 year timeframe. I found it interesting how well things line up with this idea. The white circle just shows the current day price location. You need to be on the...
Based on the Elder's Force Index (EFI) , +/- of the EFI and its ema is used to describe the rise, fall or possible reversal of the market, and finally shown by bar color. The green bar represents a strong bull and the red bar represents a strong bear; The blue bar indicates that the downtrend is exhausted and may rise. Likewise the yellow bar. Of course, it is...
This script can be used to see a potential trend change, ride a trend and to scalp following the current trend. Indicators: - ATR (bright green/maroon) – is a longer term trend ATR line - MA (green/red) - is a shorter term MA, where the fast MA is dotted and the long MA is a line - Support and Resistance (white bold line) – long-term support and resistance...
What does it do? Draws the volume demand into the candlestick in order for you to identify the volume power in during candle formation. How does it work? Super easy. It's not too obvious how the volume power affects the market movement by just looking at the volume bars. This indicator transfere to the candlesticks the volume power demand which helps the...
The Trend Maker indicator is an advanced technical analysis tool. A feature of the indicator is simple and user-friendly conclusions drawn from a variety of data, including the market price, buy and sell volumes, short-term and long-term trend and corridor, estimated support and resistance levels, and pivot points . The result of the indicator's operation is the...
Description Hi all, this is a simple indicator that shows trend of both KLCI and sectors of Bursa . The sector finding is using my Bursa_Sector library. Besides, I have also included portfolio tracker which is by Mohamed3nan in this script. Usage Top Trend - Malaysia KLCI Index Trend Bottom Trend - Any Bursa Sector Trend Portfolio Table - Copy from...
NASDAQ:AAPL This indicator shows the most usefull informations about the current symbol and the two common indexes (SPY and QQQ) in a table, in the upper right corner of the graph. The informations are: Symbol Float Daily average volume Average True Range Pre-market volume Pre-market change % Indexes SPY ATRP SPY trend (this value indicates...