The Nested Candle Highlighter identifies when the current candle's body is completely enclosed by the previous candle's wick zones. It examines the upper wick zone, from the previous high to the open or close, and the lower wick zone, from the low up to the open or close. This focused analysis can signal consolidation and potential shifts in momentum, offering an...
💎 GENERAL OVERVIEW Introducing our new Exponential Moving Average (EMA) Cross Dashboard! This dashboard let's you select a source for the calculation of the EMA of it, then let's you enter 2 lengths for up to 5 timeframes, plotting their crosses in the chart. Features of the new EMA Cross Dashboard : Shows EMA Crosses Across Up To 5 Different Timeframes. ...
The "Multi Timeframe Trend Screener" is a trading indicator designed to assist traders in identifying the market trends of multiple assets within a single panel. This tool is invaluable for detecting shifts in trends, enabling traders to easily adjust their strategies under different market conditions. HOW DOES IT WORK Upon initialization, the indicator...
**Description:** The "Exponential SAR" (ESAR) indicator is a modified version of the classic Parabolic SAR (Stop and Reverse) indicator, incorporating an exponential moving average (EMA) smoothing technique. It aims to provide traders with a smoother representation of trend changes in the price action of a financial instrument. **Functionality:** The indicator...
The "Multi-Timeframe Trend Table" indicator is a tool that consolidates a variety of critical trading metrics into a single, easy-to-read table format. This indicator is especially useful for traders who need to analyze multiple timeframes and indicators simultaneously to make informed trading decisions. By displaying a broad spectrum of data including trend...
Description of the "Enhanced Forex Indicator" The "Enhanced Forex Indicator" is designed for traders who want a comprehensive technical analysis tool on the TradingView platform. This script integrates Exponential Moving Averages (EMAs), support and resistance zones, and candlestick pattern recognition to provide actionable trading signals, particularly useful...
(OVERVIEW) The typical ZigZag indicator, which connects pivot points (see TradingView's Help Center regarding their indicator Pivot Points High Low, for an in depth explanation on how they are calculated) with lines, except instead of a percentage threshold, it uses ATR which adjusts for volatility of the ticker you are viewing. The ZigZag indicator can...
Props to Madrid for creating the original script: Madrid Moving Average Ribbon. All I did was upgrade it to pinescript v5 and added a few changes to the script. Features and Functionality Moving Average Types: The indicator offers a choice between exponential moving averages (EMAs) and simple moving averages (SMAs), allowing users to select the type that...
The COT reports for futures-only Commitments of Traders and for Futures and Options Combined Commitments of Traders are collected on Tuesdays and published every Friday at 3:30 p.m. Eastern time. The raw data is available free of charge on the Commodity Futures Trading Commission (CFTC) website. Use it to get a better understanding on which side the smart money...
This is a helper indicator for "yats" (Yet Another Trading Strategy). This is a grouping of several indicators in one to help with a very basic trend following strategy. In order to utilize this indicator, it is best to have your chart set to a Line chart. How to use: This is a basic trend strategy in which the trader will enter or reverse their position on...
The Moving Average Cross Heatmap Created by Technicator , visualizes the crossing distances between multiple moving averages using a heat map style color coding. The main purpose of this visualization is to help identify potential trend changes or trading opportunities by looking at where the moving averages cross over each other. Key Features: Can plot up...
Importance: Identifying Key Price Levels: The indicator helps identify critical price levels such as all-time highs (ATH), all-time lows (ATL), 52-week highs (52WH), and 52-week lows (52WL). These levels often act as significant support or resistance areas. Candle Color Insights: By coloring candles based on their relationship to these key levels, traders can...
Gaussian Price Filter Overview and History of the Gaussian Transformation The Gaussian transformation, often associated with the Gaussian (normal) distribution, is a mathematical function characteristically prominent in statistics and probability theory. The bell-shaped curve of the Gaussian function, expressing the normal distribution, is ubiquitously...
**Description:** The "Median RSI with Buy/Sell Signals and Bar Color" indicator on TradingView calculates the median Relative Strength Index (RSI) alongside buy and sell signals and customizable bar colors. RSI is a momentum oscillator that measures the speed and change of price movements. This indicator provides traders with insights into the relative strength of...
This indicator mirrors TradingView's bar replay feature to a certain extent, offering traders a streamlined way to analyze past market movements. It's a practical tool for strategy testing, pattern recognition, and refining trading approaches. While it may have some limitations, it offers a practical solution for strategy testing and refining trading approaches...
The Sideway indicator for TradingView is a powerful tool designed to identify periods of sideways or ranging price action in the market. With its intuitive interface and customizable parameters, traders can easily spot when an asset is consolidating, providing valuable insights for both trend-following and range-bound strategies. This indicator utilizes really...
The "Market Structure Algo" (MS Algo) is a comprehensive tool developed by OmegaTools. This advanced indicator is designed to analyze the market's structure through a combination of pivot highs and lows, creating a nuanced understanding of potential market movements. Core Functionality: - Internal and External Market Structure (MS): The MS Algo differentiates...
An Indecisive Candle, often referred to as a Base Candle, is a pivotal element in technical analysis, particularly for identifying institutional supply and demand zones. These candles are characterized by their small bodies and long wicks, reflecting a balance between buyers and sellers, indicating a potential pause or consolidation in the market. To calculate...