This indicator automatically draws a regression channel plotted on logarithmic scale from the first quotation. This model is useful for the long term series data (such as 10 or 20 years time span). The Pearson correlation measures the strength of the linear relationship between two variables. It has a value between to 1, with a value of 0 meaning no...
Hello All, High-Low Index is a breadth indicator based on Record High Percent (RHP). RHP is based on new 52-week highs and new 52-week lows. RHP => 100 * (new highs) / (new highs + new lows). High-Low Index is a 10-day Simple Moving Average of the RHP, which makes it a smoothed version of RHP. You can find many articles about High-Low Index on the...
This script is made to simplify the analysis of trends. It changes the mas based on whether you're looking at stocks or crypto. As these 2 markets currently move differently, they need a slightly different approach. Crypto trends: Can move much faster than stocks. Ideally the price should be bouncing above the williams alligators (about the 20-30...
Hello All, Using this "Support Resistance Interactive" script you can set the Support/Resistance levels interactively by clicking on the chart. Using the SR levels you set, the indicator creates Support Resistance zones. The width of the zones are calculated by using Threshold option and Threshold is the percent of the distance between Highest/Lowest levels in...
Hey Traders, Tonight I figured I'd release a special indicator that I've had in the works for years and finally was able to piece it together using pine. It's an extremely accurate take on the RSI. I plan to continue to refine the indicator and add more features, but as it is this is still one you can make a lot of money with. (((((Please note: all circles and...
Hello All, This script gets OHLC values from any security and Higher/Same time frame you set, then creates the chart including last 10 candles. it shows Symbol name, Time Frame, Highest/Lowest level of last 10 candles and Close Price at the right side of the chart as well. Closing price text color changes by the real-time candle of the related symbol and time...
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...
Hello All, This script shows the indicators in separate windows on the main chart. Included indicators are RSI, CCI, OBV, Stochastic, Money Flow Index, Average True Range and Chande Momentum Oscillator. indicator windows are located at the top or bottom of the chart according to last moves of the Closing price. Different colors are used for each indicator....
This indicator is a combination of moving average and ATR indicators. The indicator stays pretty close to price and at the same time shows clear trend of asset/stock. It shows you when price is above the FantailVMA it indicates an uptrend and when price is below it indicates a downtrend otherwise. Hope you find this indicator useful! Happy trading..
Hello All, In Elliott Wave Theory, 3rd wave is not the shortest one in the waves 1/3/5 and it's usually longest one. so if we can catch it then we may get good opportunities to trade. This script finds 3rd wave experimentally. it can be also the 3rd waves in the waves 1, 3, 5, A and C. the 3rd wave should have greater volume than other waves, the script can...
I allways try to make trading easier. Developing Scripts for a quick backtest and improvement of a strategy, getting alerts for entry and exit a position. Loading data to a spreadsheet is also important and takes time. In this case finding good parameters in different markets or assets to enter in a position, is a bit exhausting. It is something you have to do...
Hello All, This script creates Zigzag Chart by using Zigzag waves, so it's timeless chart meaning that no time dependency on X-axis. Optionally it can calculate & show Zigzag Supertrend or Simple Moving Average. Also it can change bar colors of the main chart by trend direction of Zigzag Supertrend. As seen below, each zigzag wave is a candle on Zigzag...
Welcome to Trend Fusion! This isn't your typical moving average indicator. It's a multi-timeframe indicator that consists of 3 different moving averages AND let's you choose between EMA, SMA, WMA, VWMA, HMA, and RMA. For example, you can have the 5min 200 EMA, 15min 200 EMA, and 1 hour 200 EMA all on the SAME chart without having to switch timeframes! This helps...
Enhanced the original OBV (On Balance Volume) indicator: - Draw max lines of OBV in the last 30 candles so that we can notice the trend, as well as divergences easier. - If you use fiat as base currency (USDT in cryptocurrency for example), we can display the OBV in fiat, so that we can compare total trading volume across a list of symbols to find healthy symbols...
™TradeChartist MA Visualizer is a Moving Average based indicator aimed to visualize price action in relation to the Moving Average in a visually engaging way. =================================================================================================================== █ MA Visualizer Features 11 different Moving Averages to choose from the settings...
This is a custom indicator of mine loosely based on the work by James Garofallou (Stocks and Commodities Sep 2020 pg 14) and this is meant for medium to long term trend confirmations. The idea behind this indicator is to capture 3 different dimensions of trend strength. The first dimension captures the overall strength of the underlying stock vs the market (in...
The Natural Directional Index was created by Jim Sloman and this is another indicator that I'm publishing from the collection of Ocean indicators. I want to make sure his legacy is covered by as many eyes as possible. This is his version of the directional index indicator but he uses his weighting method to use the square root of time and you can see that the...
The Natural Stochastic Indicator was created by Jim Sloman and this is another indicator from his Ocean series which I will eventually publish all of them. Big thanks to @altcoinz and @tmac87 for giving me all of the source code in order to publish Jim's life work. This is another momentum indicator but unlike a traditional stochastic indicator, this one doesn't...