Indicator shows the closing range of each bar. Closing range is where the bar closes (high - close) relative to the length of the wick (high - low). A close at the top of the wick would be 100%, middle 50%, bottom 0%. In addition, the indicator multiplies closing range by volume to weight toward high volume days. A simple moving average is applied to visualize...
Linda Raschke has discussed this in public webinars that can be found on her youtube channel. She mentioned picking it up from Richard Dennis of the Turtle method. It's a potential consolidation indicator to identify turning points and continuations. Best used on the daily chart with the confluence of a short term momentum indicator. After a signal, break of low...
Simple study to show the fact to some newbies in the market that it is VERY HARD to make a profit and get your portfolio back to all-time high if you don't know how to stop loss... Some people think "Oh, ez if you down -90% you need only +90% to get 100% of your capital again" But... actually....if your portfolio down -90% you need to go 1000% from current price...
Finds levels based on pressure candles and combines that with trend analysis. Best used on the hourly on futures.
This indicator shows the cumulative volume between the zigzag segments (waves) and plots the percentage change from the previous segment Let us know if there's anything you'd like added to the indicator and please click LIKE to support us
Intro I've always wanted to create a heat map ever since I started to learn how to code on Pine Script. I thought it would be impossible, especially given that I never took any coding classes previous to teaching myself Pine Script. I never even thought I would code until one day, on March 30, 2020... I coded the QQE WR. That was my very first indicator. I was...
Fast estimation of an autocorrelogram, more commonly called autocorrelation function (ACF). The script sets the maximum lag as 10*log10(N)-1 and sets the autocorrelation at lag 0 to 1. Length controls the number of past observations of Src to use as input, while Differentiate Src perform first order differencing to Src before calculating the...
Pivots Calculated from Fib Lookbacks. This Particular version is for use with 1-3m timeframes and will not work higher. If you want to use this indicator with higher timeframes, see the standard "ZFelds Fib Pivots".
A trend following indicator built using kalman filter to smoothen results, it uses oscillators and dma to get direction bias of the asset. Very useful to play long term swing plays. Trade at your own risk no one can guarantee a 100% strike rate!
This indicator will provide the possibility of when trend reversals may happen on shorter time frames. It can work on any time frame and the use of Heiken Ashi candles can enhance it further. When used with other indicators such as the Stochastic RSI, support, resistance and trend lines, it can increase the possibility of a trend reversal being identified. On...
Hello guys, I would like to introduce you volume support and resistance horizontals. It draws line horizontal on high and low high volume candles that has volume above volume MA for certain period multiplied by multiplier and also the volume is increasing from previous volume . You can select lines on this timeframe and/or another one. The colors are dynamic...
Hello guys, I would like to introduce you pivot support and resistance horizontals. It draws line horizontals on high and low high pivot candles . You can select lines on this timeframe and/or another one. The colors are dynamic depending whether price is below or above the line: for the current timeframe green is used for support and blue for resistance for...
This is a usual ADX Indicator but the colors change when the next bar falls or grows from the previous bar. I think that the use of ADX can be maximized by seeing whether the movement is lower or higher than the previous like MACD Histogram. The ADX indicator is very powerful for driving long-term trends and is effectively used for 4-hour or 1-hour Time...
Level: 1 Background MACD is a measure of changes in the dynamics between short-term and longer-term price averages. The sign (positive or negative) and the size or MACD line represent the interaction between the two underlying EMAs. Function L1 MACD Overlay Indicator is a MACD indicator for main chart. The lime and red color EMAs are the DIFF and DEA signal. I...
Super SSL Indicator. SSL + SuperTrend signal filtering. Signals are delivered by SSL, signals are then filtered out by SuperTrend, in the nnfx way of trading (C1 = SSL, C2 = ST). SSL deliver signals. Supertrend filter them. Included 1CR rule option : in the nnfx way, we allow C2 to agree 1 candle later. Some configuration settings of this tool pass the VP's 5...
Level: 2 Background One of the biggest differences between cryptocurrency and traditional financial markets is that cryptocurrency is based on blockchain technology. Individual investors can discover the direction of the flow of large funds through on-chain transfers. These large funds are often referred to as Whale. Whale can have a significant impact on the...
This is a script to make calculating position size easier. It calculates position size as a percentage of account balance and Risk/Reward based on input values of entry, exit, stoploss and shows the R/R box similar to tradingview's R/R tool. There is an option to toggle showing label and choosing of label text color. Have to enter the following inputs in order...
Using RSI and 4 exponential moving averages, I created this indicator so that you can spot inconsistencies between price action and RSI. There's a lot of misunderstanding surrounding RSI, most people think if something's 'oversold' buying is a guarantee win. This definitely isn't the case as there's many more variable to consider. In addition, with this indicator,...