Balance of Power Indicator ⚖️ The Balance of Power Indicator is a visual tool that illustrates the power dynamics between buyers and sellers by analyzing recent price action. Instead of providing direct buy or sell signals, this indicator shows how the tilt of a symbolic scale reflects the relative strength of both parties. The calculation is based on the...
The technical rating is one of the most perfect indicators. The reason is that this indicator is based on a majority vote of multiple indicators. It is logical that the judgment based on a majority vote of multiple indicators would not be inferior to the judgment made using only a single indicator. However, just as any indicator has its shortcomings, the technical...
Overall Logic : The script is designed to help traders visualize and analyze price movements on the chart, where each 1% movement is highlighted with a corresponding symbol. Additionally, the table helps track and analyze the number and length of consecutive price movements in one direction, which can be useful for identifying trends and understanding market...
This Pine Script code is designed to highlight Pin Bars on a TradingView chart by changing their color to yellow. A Pin Bar is a type of candlestick pattern that typically indicates a potential reversal in the market. The script uses specific conditions to identify bullish and bearish Pin Bars based on the size of the candlestick body and the length of the shadows...
1. indicator settings BB Length: Sets the period used for the Bollinger Band calculation. The default is 20 periods. BB Multiplier: Sets the multiplier to be used in the Bollinger Band calculation. The default is 2.5 multiplier. Equilibrium volume reset: Selects whether or not the volume should be reset if it is out of equilibrium. The default setting is reset....
Description: The watermark indicator is designed to enhance the visual presentation of your trading charts by adding customizable watermarks. This tool allows you to overlay essential information, such as ticker symbols, timeframes, dates, and custom text, directly onto your charts. While providing larger text options then all other watermarks currently...
Supertrend Multi-Timeframe Indicator Introduction The Supertrend Multi-Timeframe Indicator is an advanced trading tool designed to help traders identify trend directions and potential buy/sell signals by combining Supertrend indicators from multiple timeframes. This script is original in its approach to integrating Supertrend calculations across different...
THE LINES The indicator plots a horizontal price line at a specified hour and minute (default: 9:30 - Equities Open). This line extends for a predefined number of minutes (default: 60 minutes - Opening Range Full Spectrum). Additionally, the indicator can plot two vertical lines: one at the selected start time and another at the end of the horizontal line. ...
This is the first in a set of indicators I will be publishing. Quite simply, my aim is to demystify GDP. Lots of what is discussed in economic circles revolves around nominal GDP and evaluations of GDP that are skewed by government spending, inflation and often, sheer population. In the same way that a country with lots of people might have a big GDP (even if...
Previous Highs and Lows with Fibonacci This Pine Script indicator, "Previous Highs and Lows with Fibonacci," is designed to overlay on a trading chart and visually represent key Fibonacci levels based on historical highs and lows. It features: Lookback Periods: The script allows you to define two lookback periods for calculating highs and lows: a short lookback...
What It Does: This indicator helps you spot important trading signals by combining Bollinger Bands with big candles. Key Features: Bollinger Bands: These bands show the average price (middle band) and the range of price movement (upper and lower bands) over a set period. The bands widen when prices are more volatile and narrow when they are less volatile. Big...
🔵 Introduction Technical analysis is a fundamental tool in financial markets, helping traders identify key areas on price charts to make informed trading decisions. The ICT (Inner Circle Trader) style, developed by Michael Huddleston, is one of the most advanced methods in this field. It enables traders to precisely identify and exploit critical zones such as...
Input Parameters These are settings you can adjust: Box Close: Determines if the strategy should consider signals when a "box" (which could be a period of time or a visual representation) closes. Timeframe: The duration of each candlestick on the chart (e.g., 1 minute, 1 hour, 1 day). High/Low Period: How many past candlesticks to look at when...
Introducing the "VSA Wyckoff Volume" indicator—a powerful tool for traders who want to visualize and analyze market volume with precision. This indicator leverages Volume Spread Analysis (VSA) and Wyckoff principles to categorize volume into six distinct levels: Ultra High, Very High, High, Normal, Low, and Very Low. Each level is represented by a color-coded...
This script, titled "Multi-Sector Trend Analysis: Track Sector Momentum and Trends," is designed to assist traders and investors in monitoring multiple sectors of the stock market simultaneously. It leverages technical analysis by incorporating trend detection and momentum indicators like moving averages and the Relative Strength Index (RSI) to offer insights into...
The strategy named "Sepanta Armaeiti Multi-Timeframe" is an advanced trading strategy based on technical analysis and risk management across two different timeframes (1-minute and 15-minute). In this strategy, linear regression indicators are used to analyze both price and volume in these timeframes. Key elements of the strategy include: Multiple Timeframes: The...
The provided script combines two powerful technical indicators, Ichimoku Cloud and HalfTrend, to create a hybrid trading tool. Here's an analysis of the key components and how they work together: ⭐ 1. Indicator Title and Settings: The script sets the title as "Options Series - Ichimoku Cloud and HalfTrend" and uses the overlay=true option to display...
### Overview The goal of this script is to visually indicate on a trading chart whether all three Exponential Moving Averages (EMAs) are trending upwards (i.e., their slopes are positive). If all EMAs are trending upwards, the script will color the bars green. If not, the bars will be colored red. ### Key Concepts 1. **Exponential Moving Average (EMA)**: An...