Fractal Analysis Fractals in trading help identify potential reversal points by marking significant price changes. Our strategy calculates a "fractal value" by comparing the current price to recent high and low fractal points. This is done by evaluating the sum of distances from the current closing price to the recent highs and lows. A positive fractal value...
Enhance your trading experience with the "Standardized PSAR Oscillator" 🪝, a powerful tool that combines the Parabolic Stop and Reverse (PSAR) with standardization techniques to offer more nuanced insights into market trends and potential reversals. 🔑 Key Features: - 🛠 Customizable PSAR Settings: Adjust the starting point, increment, and maximum values for the...
🔵 Introduction The Swing Failure Pattern (SFP), also referred to as a "Fake Breakout" or "False Breakout," is a vital concept in technical analysis. This pattern is derived from classic technical analysis, price action strategies, ICT concepts, and Smart Money Concepts. It’s frequently utilized by traders to identify potential trend reversals in financial...
The "Support and Resistance Heatmap" indicator is designed to identify key support and resistance levels in the price action by using pivots and ATR (Average True Range) to define the sensitivity of zone detection. The zones are plotted as horizontal lines on the chart, representing areas where the price has shown significant interaction. The indicator features a...
🔵 Introduction Technical indicators are essential tools for analysts and traders in financial markets, helping them predict price movements and make better trading decisions. One of the key concepts in technical analysis that should be carefully considered is the "False Breakout." This phenomenon occurs when a price temporarily breaks through a significant...
Traditional candlestick charts are invaluable for visualizing price movements over time. However, they often lack an explicit representation of trading volume, a key factor that can significantly influence price action. Our Volume Adjusted Candles Indicator fills this gap by incorporating volume directly into the candlesticks, allowing for a more comprehensive...
It is based on the reversal of the price after an accentuated volatility of the previous day. It is tested only on BTC, TF Day, and has an activation value equal to a spike of minimum 2.4% amplitude, a value that I have left in the settings free to be modified if it is found valid for other assets. In the settings you can change how many of the latest longs or...
Indicator: SMA, VWAP with First Buy/Sell Signals Overview: This indicator plots two Simple Moving Averages (SMA 20 and SMA 200) and the Volume-Weighted Average Price (VWAP) on the chart, with fully customizable colors and line thickness. Additionally, it provides buy and sell signals based on the price action relative to these indicators. Buy Signal: A buy signal...
This script allows the user to set 16 custom opening time price lines and labels, as well as 4 vertical lines to delineate times of the day. Opening price is crucial for PO3 and OHLC/OLHC market strategies. If you are bearish, you want to get in above the opening price of a candle; conversely if you are bullish you want to enter below the opening price of a...
The Pure Price Action Liquidity Sweeps indicator is a pure price action adaptation of our previously published and highly popular Liquidity-Sweeps script. Similar to its earlier version, this indicator detects the presence of liquidity sweeps on the user's chart, while also identifying potential areas of support/resistance or entry when liquidity levels are...
1. *nyTime*: Converts the current time to the New York timezone. 2. *nyHour and nyMinute*: Extracts the hour and minute of the current candle in the New York timezone. 3. *isNyMidnightCandle*: A boolean variable that checks if the current candle is the 12:00 AM candle in New York. 4. *bgcolor*: Colors the background of the 12:00 AM candle blue. 5. *plotshape*:...
Precision Cloud by Dr. Abhiram Sivprasad" The " Precision Cloud" script, created by Dr. Abhiram Sivprasad, is a multi-purpose technical analysis tool designed for Forex, Bitcoin, Commodities, Stocks, and Options trading. It focuses on identifying key levels of support and resistance, combined with moving averages (EMAs) and central pivot ranges (CPR), to help...
VS is a trading system based on the identification of fractal reaction zones within a larger, carefully identified movement. It is internally made up of 4 sub-systems. The indicator is composed of the following parameters: Max and Min, are the largest area identified and will act as the STOPLOSS point. L1, is the price reaction level. Entry, is where to place a...
Percentage Change Indicator This indicator calculates and displays the percentage change between the current close price and the previous close price. It provides a clear visual representation of price movements, helping traders quickly identify significant changes in the market. ## Formula The percentage change is calculated using the following...
This tool takes a bar's range, and reflects it above the high and below the low of that bar, drawing upper and lower bands around the bar. Repeated for each bar. There's an option to then multiply that range by some multiple. Use a value greater than 1 to get wider bands, and less than one to get narrower bands. This tool stems out of my frustration from the use...
The Trading Desk - is a powerful tool designed to identify key market stages based on Break of Structure (BOS) patterns. This indicator tracks Bullish and Bearish Market Breaks (MBs) to determine four crucial market stages: Accumulation, Distribution, Reaccumulation, and Redistribution. Accumulation: Identified when a series of Bullish MBs dominate the...
//@version=5 indicator("Fractal Levels with AVWAP and MACD", overlay=true) // Fractal Levels length = input(2, title="Fractal Length") fractalHigh = high == ta.highest(high, length * 2 + 1) ? high : na fractalLow = low == ta.lowest(low, length * 2 + 1) ? low : na plot(fractalHigh, title="Fractal High", color=color.red, style=plot.style_circles,...