ntroduction The "Long / Short OI Build Up" script is designed to identify potential long or short build-up opportunities based on changes in open interest (OI) and price movements. Open interest refers to the total number of outstanding contracts for a financial asset, such as futures or options, that have not been settled. This script provides insights into...
🔵 Introduction The Price Action, styled as the "Smart Money Concept" or "SMC," was introduced by Mr. David J. Crouch in 2000 and is one of the most modern technical styles in the financial world. In financial markets, Smart Money refers to capital controlled by major market players (central banks, funds, etc.), and these traders can accurately predict market...
What we have Condition met 1 --> It means we have more than 20% move in last 5 Days we have Lookback Period of 504 days that means 2 years data it will analyze The first blue label means --> We have a move of 20% or more in last fast days --It is very helpful who want to create a idea chart book for them to study all 20% moves --Like what happened on the...
🔵 Introduction "Smart money" is money invested by knowledgeable individuals at the right time, and this investment can yield the highest returns. The concept we focus on in this indicator is whether the market is in an uptrend or downtrend. The market briefly takes a weak and reversal trend with "Minor BoS" without being able to break the major pivot. In the...
Key Levels Set allows to set key levels as comma separated values, and to detect breaks to the downside and/or upside, taking into account potential gaps between bars. This indicator can be very handy if you, like me, rely on some key levels that you identified as potential support/resistance from some technical analysis. Features + It allows for key levels...
█ FreedX Grid Backtest is an open-source tool that offers accurate GRID calculations for GRID trading strategies. This advanced tool allows users to backtest GRID trading parameters with precision, accurately reflecting exchange functionalities. We are committed to enhancing trading strategies through precise backtesting solutions and address the issue of...
It creates a price zone for TP 3 Level, increasing from the price by 500 points and setting an SL zone of 500 points of the price. You must enter the price range yourself, recommended to be 500 points apart. 1. select Type Bay And Sell 2. Input Price Start And End suitable for gold Made to help with hitting the price zone. For use in making decisions about trading.
"NCI Trading Plan Direction" is a trading plan for traders who wants to keep track their overview of market direction across multiple timeframes and assets. REMINDER: THIS IS NOT AN AUTOMATION. You need to analyse yourself and then change the buy or sell on the table for your own monitor. Features: 1. Multi-Timeframe Monitor: Easily monitor the directional...
This indicator is to be used on srcipts in Futures Segment. 1. It visually displays in tabular format the change in open interest and the change in price compared to the previous day. 2. It also displays the scenario where open price of session is near high price of session or low price of session, indicating a emergence of strong sellers or strong buyers from...
Inside Bar Detection: The function isInsideBar() checks if a bar is an inside bar, meaning its high is lower than the previous bar's high and its low is higher than the previous bar's low. Inside bars are highlighted with an orange color. Bearish Candlestick Patterns: Bearish Engulfing: When the current candlestick's body completely engulfs...
This indicator provides basic pre-market level information. You have the flexibility to select your preferred time range for the lines and labels. For the #90amestbox group, set the time between 8:57 am and 9:03 am (EST). Ensure to draw the box using these lines, as the indicator is designed for extended hours only and won't function during regular trading...
Relative Volume take the volume at a given time of day and compares it to the average volume at that time of day. You can either use the current volume or the cumulative volume in this analysis. You have the option to either see the average and the current volume or a comparative view where you see the percent difference between now and the average. My...
Inspired by @TTrades_edu video on daily bias, this indicator aims to develop a higher timeframe bias and collect data on its success rate. While a handful of concepts were introduced in said video, this indicator focuses on one specific method that utilizes previous highs and lows. The following description will outline how the indicator works using the daily...
Developed by Jayce in June 2022 and later updated by Light in January 2024. Key Features: Customizable Watermark: Enhance your chart with a personalized watermark. Enter any text, like your trading mantra or brand name, to keep your focus aligned with your trading strategy. Adjustable Font Size: Tailor the appearance of your watermark and notes with...
This script contains excerpts of stoic statements to help in any life situation. Hover over the title of one of the statements to get the saying. Keep your head while trading ! Epictetus' Enchiridion is a great work written in 50 B.C. Containing the eidos of Stoic philosophy, or a brief guide to moral living, it will help you keep a clear mind and calm while trading.
EMA Slope Indicator Overview: The indicator plots two exponential moving averages (EMAs) on the chart: a 9-period EMA and a 15-period EMA. It visually represents the EMAs on the chart and highlights instances where the slope of each EMA exceeds a certain threshold (approximately 30 degrees). Scalping Strategy: Using the EMA Slope Indicator on a 5-minute...
An equity curve is a graphical representation of the change in the value of a trading account over a time period. The equity curve is a direct reflection of a trading strategy's effectiveness. A consistently upward-trending equity curve indicates a successful strategy, while a flat or declining curve may signal the need for adjustment. This indicator takes...
Fair Value Calculator V 1.0 This indicator calculates the fair value of a stock based on the revenue growth rate and net profit margin of a company, providing a quick estimate of its intrinsic worth. The calculation takes into account: Current Revenue: The company's current revenue 5-Year Growth Rate: Expected revenue annual growth rate (CAGR) over the next 5...