INFO: This indicator can be used to build-up a strategy for trading of assets which are currently in trending phase. My preference is to use it on slowly moving assets like GOLD and on higher timeframes, but practice may show that we find more usefull cases. This script uses two indicators - MACD and RSI, as the timeframe that those are extracted for is...
RSI & MA Strategy : INTRODUCTION : This strategy is based on two well-known indicators that work best together: the Relative Strength Index (RSI) and the Moving Average (MA). We're going to use the RSI as a trend-follower indicator, rather than a reversal indicator as most are used to. To the signals sent by the RSI, we'll add a condition on the chart's MA,...
Narrow Range Strategy : INTRODUCTION : This strategy is based on the Narrow Range Day concept, implying that low volatility will generate higher volatility in the days ahead. The strategy sends us buy and sell signals with well-defined profit targets. It's a medium/long-term strategy. There's also a money management method that allows us to reinvest part of...
Monthly profit displays profits in a grid and allows you to know the gain related to the investment during each month. The profit could be computed in terms of gain/trade_cost or as percentage of equity update. Settings: - Profit: Monthly profit percentage or percentage of equity - Table position This strategy is intended only as a container for the code and...
Explanatory Note: VWAP Multi-Timeframe Script (Dedicated to Intraday Trading) Description: This Pine script has been specifically designed for intraday traders to display the VWAP (Volume Weighted Average Price) from four different timeframes (15 minutes, 1 hour, 4 hours, and daily) on a single TradingView chart. The VWAP is calculated by considering the...
The Volume Forecast indicator on TradingView is a comprehensive tool designed to analyze historical price action and project future market movements based on the average sizes of candles. Incorporating various data points such as candle high/low, open/close, and real volumes, Volume Forecast provides traders with a holistic view of market dynamics, allowing for...
The indicator is designed to signal the presence of a trend bar with reduced profit-taking the following day. Below, I explain the logic that I have defined for this first version. The guidelines I provided are as follows: We identify a trend bar, if it sets a market change, between opening and closing, equal to or greater than 50 pips . This first guideline is...
MRS - Mean Reversion Strategy (Countertrend) (Envelope strategy) This script does not claim to be unique and does not mislead anyone. Even the unattractive backtest result is attached. The source code is open. The idea has been described many times in various sources. But at the same time, their collection in one place provides unique opportunities. Published...
Library "ETFFinderLib" TODO: add library description here etf_search_ticker(ticker) searches the entire ETF library by ticker and identifies which ETFs hold a specific tickers. Parameters: ticker (string) Returns: returns 2 arrays, holding_array (string array) and compo_array(float array) etf_search_sectors(sector) searches the entire ETF...
Provides a holistic view of key support and resistance levels across multiple timeframes. This versatile indicator allows traders to customize and configure timeframes, empowering them to make more informed decisions based on dynamic market conditions. Configurable Timeframes: Tailor your analysis to specific market scenarios by configuring the timeframes that...
The "Dope DPO" (DDPO) indicator is a technical analysis tool designed for traders to identify trends and potential trend changes in the market. It's based on the concept of the Detrended Price Oscillator (DPO), but with several enhancements for greater versatility and user customization. Key Features of the Dope DPO Indicator: Averaging Multiple Periods: ...
The FuturesGod bull flag indicator aims to identify the occurrence of bull flags. Bull flags are a popular trading pattern that allows users to gauge long entries into a given market. Flags consist of a pole that is followed by either a downward or sideways consolidation period. This script can be used on any market but was intended for futures (NQ, ES)...
VEMA is a custom indicator that enhances the traditional moving average by incorporating market volatility. Unlike standard moving averages that rely solely on price, VEMA integrates both the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of the closing price, alongside a measure of market volatility. The unique aspect of VEMA is its...
ICT HTF MSS & Liquidity provides higher timeframe view of where the liquidity may reside and when higher timeframe market structure shift has occurred. In his 2022 mentorship, ICT has advocated used the 15m chart to watch for liquidity and looking for lower timeframes for entry (5m,4m,3m,2m,1m). Liquidity will reside above pivot points and ICT pivot points are...
Day Open,High,Low Fibonacci Levels indicator depicts Fibonacci levels from Highest to lowest price levels vis-à-vis Day Open Price. The indicator is structured based on default Intraday number of bars. Hence the indicator and Gray Zone concept is effective in lower time frames .The indicator has also “Regular” Check in Box option under “Input” with default 14...
NDOG (New Day Opening Gap) Visualization: The indicator identifies and visualizes New Day Opening Gaps (NDOGs), which are essentially the differences between the opening price of a new trading day and the closing price of the previous day. For each NDOG identified, it creates a box on the chart that highlights the high and low price range of the NDOG. The color...
📣The present indicator is a MACD based buy/sell signals indicator with support and resistance, that can be used to identify potential buy and sell signals in a security's price. 📣It is based on the MACD (Moving Average Convergence Divergence) indicator, which is a momentum indicator that shows the relationship between two moving averages of a security's...
Made this fun little indicator. It is another showcase one, just demonstrating the ETF library that contains the top 10 holdings of various US-based ETFs, as well as a breakdown by sector. The indicator is defaulted to auto settings. This means it will automatically populate with ETF data when you are on that ETF chart. If you are on another chart, it will...