Relative Strength Indicator ### Overview The Relative Strength (RS) Indicator is a robust tool designed to measure the performance of a security relative to a benchmark or another security. Unlike traditional indicators, this RS Indicator calculates the outperformance or underperformance in percentage terms, providing a clear and concise comparison. The...
Decline and Rise Detective TradingView Indicator (Best Timeframe: 1H or Higher) 1. Introduction The "Decline and Rise Detective " is a TradingView indicator designed to identify the hours within a trading day that experience the largest price declines and rises. This indicator provides a visual representation of this data, offering traders valuable...
Here’s a detailed description for your script, following the guidelines for clarity and originality: --- **Title:** God's of Liquidity **Description:** The "Gods of Liquidity" script is a comprehensive trading tool designed to help traders identify high-probability buy and sell opportunities based on a combination of liquidity levels, RSI-based sentiment...
English : This Pine Script indicator, named "Cantom Chart - CL CTG vs BKD," uniquely analyzes the immediate state of oil futures contracts to determine if they are in contango or backwardation. The script uses the price ratio between the nearest (CL1) and the next nearest (CL2) NYMEX crude oil futures contracts. It multiplies this ratio by 100 for clarity and...
Hello there, im back! If you are familiar with my previous scripts, this one will seem like the future's nostalgia! Functionality: As you can see, all candles are randomly colored. This has no deeper meaning, it should remind you to switch to Heikin Ashi. The Strategy works on standard candle stick charts, but should be used with Heikin Ashi to see the actual...
This code colors the SMA line red when the RSI is below 50 and the CCI is below 0, and green when the RSI is above 50 and the CCI is above 0. For cases that do not meet the specified details, the line is displayed in gray.
The "3-Criteria Strategy" is a simple yet effective trading strategy based on three criteria: 200-Day Moving Average: The first criterion checks whether the current price is above or below the 200-day moving average (SMA). A price above the 200-day line is considered bullish (thumbs up), while a price below is considered bearish (thumbs down). 5-Day...
█ CALCULATE PSEUDO-RENKO VALUE Calculates and returns the Pseudo-Renko Stabilized value (or close price) based on a given input value, along with the direction of the current Renko brick. This function adapts the traditional Renko brick size dynamically based on the volatility of the input value using a combination of SMA and EMA calculations. The calculated...
No Lag Supertrend indicator improves upon the original supertrend by incorporating calculation methods that enhance responsiveness and accuracy. Traditional supertrend indicators often suffer from lag, which can delay signals and affect trading decisions. No Lag Supertrend addresses this issue through the use of KAMA (Kaufman’s Adaptive Moving Average) and Hull...
This indicator identify support and resistance to trade in 1min time frame, based of fib 0.5 level, on 15 min time frame find major high and low means major swing, low will be our start level and high will be our end level input in setting, substract high and end level and now divide answer with 2 till the daily volatility of a index or stock, if saying about...
This overlay is built on the idea of seasonal charts. It is constructed by taking the percentage change from each close and recording that change for every trading day of any year that is within the sample. We then take the average for each day of all the years. These averages are then cumulated to create the chart as per traditional seasonal chart...
This is a simple Script that dynamically colors the chart bars based on the day of the week, week of the month, or hour of the day. Users can toggle between these three modes using the Color Mode input, allowing for flexible visual representation of time periods directly on the chart. Key Features: Color Modes: Day Mode: Colors the bars according to the day of...
Library "Drawing" User Defined types and methods for basic drawing structure. Consolidated from the earlier libraries - DrawingTypes and DrawingMethods method get_price(this, bar) get line price based on bar Namespace types: Line Parameters: this (Line) : (series Line) Line object. bar (int) : (series/int) bar at which line price need to be...
Introduction: Don’t let SPY and QQQ resistance levels hurt your futures trading anymore. The QQQ and SPY Price Levels indicator automagically provides easily accessible QQQ price levels for NASDAQ-related charts such as QQQ, /NQ and /MNQ futures, and leveraged ETFs such as TQQQ and SQQQ as well as for SPY price levels for S&P 500-related charts such as SPY, ...
This strategy is based on a Proxy Financial Stress Index constructed using several key financial indicators. The strategy goes long when the financial stress index crosses below a user-defined threshold, signaling a potential reduction in market stress. Once a position is opened, it is held for a predetermined number of bars (periods), after which it is...
Volume Bins: This script divides the price range into num_bins equal price levels. Each bin holds the cumulative volume for that price range. Profile Length: The number of past bars that the profile considers for building the volume histogram. Bin Size: The price range between bins is determined by dividing the difference between the highest and lowest prices over...
PURPOSE OF THE INDICATOR This indicator autogenerates and displays naked levels and gaps of multiple types collected into one simple and easy to use indicator. VALUE PROPOSITION OF THE INDICATOR AND HOW IT IS ORIGINAL AND USEFUL 1) CONVENIENCE : The purpose of this indicator is to offer traders with one coherent and robust indicator providing useful,...
SYNOPSIS Automatically generates a Fibonacci Retracement anchored to the candle of your choosing. As price moves further away from the anchor point, the fib levels automatically adjust to represent the entirety of the move. BULLISH VS. BEARISH It automatically detects if the Fibonacci Retracement should be drawn from the low or high of the anchored candle by...