When its cancles are big, It means that the price is moving sharply without a great volume impact So if the candles are big, Means that majority of people are confirming this trend (bull or bear) and does not react to it. So the bigger candles confirms communities' decision about price Its working by calculating the impact of volume on price change as this...
This script helps investors visualize the performance of a DCA strategy by plotting the portfolio Sharpe Ratio, giving insight into the risk-adjusted returns of a DCA investment strategy. By adjusting the input parameters, users can tailor the investment strategy to their specific needs and analyze its effectiveness over a defined period. Sharpe Ratio= / ...
Session Master Indicator Overview The "Session Master" indicator is a unique tool designed to enhance trading decisions by providing visual cues and relevant information during the critical last 15 minutes of a trading session. It also integrates advanced trend analysis using the Average Directional Index (ADX) and Directional Movement Index (DI) to offer...
Vitality Strength Histogram Description: The Vitality Strength Histogram is an advanced indicator designed to measure the market's vitality by combining volatility and momentum. This indicator uses the Average True Range (ATR) and Relative Strength Index (RSI) to create a composite measure of market strength. How It Works: ATR Calculation: The Average True Range...
//@version=4 study("Cup and Handle Pattern", overlay=true) // Input parameters length = input(50, title="Lookback Period") threshold = input(0.1, title="Threshold Percentage") // Function to calculate percentage change pct_change(a, b) => (b - a) / a // Finding the lowest low within the lookback period lowest_low = lowest(low, length) lowest_index =...
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It's a straightforward script for visualizing multiple EMAs on a chart with different colors based on their relationship with the close price. If you have any specific questions or need further assistance with this script, feel free to ask!
Divides each candle (both current and previous) into three parts. Colors the top part light green, the middle part gray, and the bottom part light red. Adds Fibonacci levels (50% and 61.8%) for each candle.
This is a simple indicator that uses ADX with SMA (ADX as the source). I also added a cosmetic feature where the ADX is green while above the SMA, indicating that there is volatility in the market. Additionally, I've added an alert for when this happens, in case you want to use this indicator as a trigger.
Pine Script code that changes the color of all candlesticks to green for a bullish crossover and red for a bearish crossover. If there is no crossover, the candlestick color remains unchanged.
ATR with signal line. Trade when ATR above signal line and signal line is blue.
Overview This custom Stochastic indicator for TradingView provides enhanced functionality to the standard stochastic oscillator, including Fisher Transform calculation, crossover logic, and customizable visual elements. The indicator is designed to help traders identify potential buy and sell signals by analyzing the trend of the stochastic...
Description This Pine Script™ indicator is designed to display a background color on your TradingView chart based on the alignment of Exponential Moving Averages (EMA) and the Simple Moving Average (SMA) across multiple timeframes. It visually detects bullish and bearish market conditions based on the alignment of these moving averages. Features Green...
Cloud EMA/SMA is a technical indicator designed to analyze and visualize the alignment of the 20, 50, and 100-period Exponential Moving Averages (EMA) and the 200-period Simple Moving Average (SMA) on a price chart. This indicator allows traders to easily identify bullish and bearish market conditions based on the alignment of these moving...
This indicatror shows 10 & 20 days previous highest high and lowest low. 10 day highest high- blue line 20 day highest high - green line 10 day lowest low- red line 20 day lowest day- Orange line