This indicator helps avoid taking reversal trades too close to the 21 EMA, which may fail since the market often continues its trend after retracing from the 21 EMA level. It does not generate a direct signal for reversal trades but rather indicates points where you can consider potential reversal trades based on your trading methodology This script defines an...
Normal Distribution Asymmetry & Volatility Zones Indicator provides insights into the skewness of a price distribution and identifies potential volatility zones in the market. The indicator calculates the skewness coefficient, indicating the asymmetry of the price distribution, and combines it with a measure of volatility to define buy and sell zones. The key...
Visualize two of your favorite moving averages in a fun new way. This script calculates the distance (or difference) between the price and two moving averages of your choosing and then creates two histograms. The two histograms are plotted inversely, so if the price is over both moving averages, one will be positive above the centerline while the other still...
Draws trend lines based on highs and lows. It also calculates averages of these trend lines. This helps you give an indication of the trend. It also calculates a mean moving average for better analysis.
Hello! This script "The Next Pivot" uses various similarity measures to compare historical price sequences to the current price sequence! Features Find the most similar price sequence up to 100 bars from the current bar Forecast price path up to 250 bars Forecast ZigZag up to 250 bars Spearmen Pearson Absolute Difference Cosine Similarity Mean...
## Introduction and How it is Different The Dual-Supertrend with MACD strategy offers an amalgamation of two trend-following indicators (Supertrend 1 & 2) with a momentum oscillator (MACD). It aims to provide a cohesive and systematic approach to trading, eliminating the need for discretionary decision-making. Key advantages over traditional single-indicator...
⚠️❗ Important Limitations: Due to the way this script is designed, it operates specifically under certain conditions: Stocks & Forex : Only compatible with timeframes of 8 hours and above ⏰ Crypto : Only works with timeframes starting from 4 hours and higher ⏰ ❗Please note that the script will not work on lower timeframes.❗ Feature Extraction : It begins by...
The AI Channels indicator is constructed based on rolling K-means clustering, a common machine learning method used for clustering analysis. These channels allow users to determine the direction of the underlying trends in the price. We also included an option to display the indicator as a trailing stop from within the settings. 🔶 USAGE Each channel...
Using Auto Fibonacci Levels indicator users can find automatically Fibonacci Extension points where price can go after a period of consolidation (sideways or can find points for support/resistance on retracement levels that can be displayed for any defined range. The script is different from others by letting users to define a consolidation range, user can...
█ OVERVIEW The "Daily Pivots with Fakeout Protection" indicator is a powerful tool designed to help traders identify potential price breakouts and pivot levels on daily charts. This indicator calculates and displays daily pivot points along with breakout lines that are adjusted to provide a certain level of protection against fakeouts, which are false price...
The "Incomplete Session Candle - Incomplete Timeframe Candle Marker" is an advanced tool tailored for technical analysts who understand the importance of accurate timeframes in their charting. While the indicator is not limited to the Indian market, its genesis is rooted in the nuances of trading sessions like those in India, which span 375 minutes from 9:15 AM to...
Hi Traders! The Support & Resistance PRO A simple and effective indicator that helped me a bunch! This indicator will chart simple support and resistance zones on 2 time frames of your choice. It uses a 30 day lookback period and will find the last high and low. Each zone is built from the highest/lowest closure, and the highest/lowest wick, creating a liquid...
The script shows the spread between the realtime NQ and ES percentage change from the day before, from which it is possible to see if NQ is outperforming or underperforming the ES.
Guide to the Relative Volatility Indicator with Trend Filter (RVI_TF) Introduction The Relative Volatility Indicator with Trend Filter (RVI_TF) aims to provide traders with a comprehensive tool to analyze market volatility and trend direction. This unique indicator combines volatility ratio calculations with a trend filter to help you make more informed trading...
This Indicator is Owned by Team Option Scalping. Top Right Corner TABLE ( 6 , 10 ) When you are trading in Nifty futures , we have to check major Stocks which is contributing to Nifty move. So we have given that in this tab. This table consist of 5 Major Indices and 5 Stocks : • BankNifty • Nifty •FinNifty • Dow • VIX • RIL • HDFCBANK • INFY • TCS •...
The Liquidity Sentiment Profile (Auto-Anchored) is an advanced charting tool that measures by combining PRICE and VOLUME data over specified anchored periods and highlights the distribution of the liquidity and the market sentiment at specific price levels. This version is a variation of the previously published Liquidity Sentiment Profile , wherewith this...
Who is this indicator for and what does it do? This is an indicator that helps price action traders in determining the strength of the trend and potential counter trend traps that present themselves during the move. It highlights the background of the bar at which counter trend traders that trade with stop orders (breakout entries) were able to achieve the same...
This indicator overlays a heatmap on the price chart, providing a detailed representation of Bollinger bands' profile. It offers insights into the price's behavior relative to these bands. There are two visualization styles to choose from: the Volume Profile and the Z-Score method. Features Volume Profile: This method illustrates how the price interacts...