Introduction: As a trader, understanding the trend of the market is crucial for making informed decisions. One way to gain insight into the market trend is by using technical indicators, which are mathematical calculations that provide traders with valuable information about price action. In this post, we will explore a unique indicator called the "Trend Angle...
It's just a simple keltner trend with options added to: Eradicate repainting more MAs Json alerts (useful for bots) I recommend using "open" option for all sources if you are going to use it with a bot, or if you want to be safe and enter with confirmations. Using the default settings would also show you all the entries without repainting as it uses high and low...
Introduction: In today's post, we'll dive deep into the source code of a unique trading tool, the Trend Angle Indicator. The script is an indicator that calculates the trend angle for a given financial instrument. This powerful tool can help traders identify the strength and direction of a trend, allowing them to make informed decisions. Overview of the Trend...
5 indicators. Backtesting available. Uses ADX, RSI, Stochastic, MACD, and crossing EMAs (1,2, or 3). This strategy creator allows you to turn on or off these indicators and adjust the parameters for each indicator. It allows you to make one trade at a time e.g the next trade doesn't open until the last one closes. (You are also able to enter how many trades in one...
Short Description: Identify and visualize 16 key candlestick patterns in real-time. Long Description: The Candlestick Pattern Detector is a powerful indicator designed to help traders identify and visualize 16 key candlestick patterns in real-time. This indicator overlays the identified patterns on the chart, making it easy for traders to spot potential trend...
A trend following indicator that allows traders/investors to enter trades for the long term, as it is mainly tested on the daily chart. The indicator fires off buy and sell signals. The sell signals can be turned off as trader can decide to use this indicator for long term buy signals. The buy signals are indicated by the green diamonds, and the red diamonds show...
The FVG Sessions indicator highlights the first fair value gap of the trading session as well as the session range. Detected fair value gaps extend to the end of the trading session. Alerts are included on the formation of a session fair value gap, price being within a session fair value gap, mitigations, and price crossing session fair value gaps average. 🔶...
Simply proof of concept to place a stop loss a percentage below entry price and move it to break even if the price moves the same percentage above the entre price.
Library "cleanscreens" Screener Panel. This indicator displays a panel with a list of symbols and their indications. It can be used as a screener for multiple timess and symbols in any timeframe and with any indication in any combination. #### Features Multiple timeframes Multiple symbols Multiple indications per group Vertical or...
This strategy aims to identify long (buy) opportunities in the market using the SuperTrend indicator. It utilizes the Average True Range (ATR) and a multiplier to determine the dynamic support levels for entering long positions. This presentation will provide an overview of the strategy's components, explain its usage, and highlight that it focuses on long...
This is a manual profit and loss tracker. It takes the user's manual input of total cost and quantity, and then outputs a table on the bottom right of the chart showing the profit or loss %, average purchase price, gross profit or loss, and market value. Instructions: 1. Double click the indicator title at the top left of the chart 2. Select the "Inputs"...
Monte Carlo simulations have been a popular tool in the world of finance, risk analysis, and decision making for decades. In this post, I will take you through the history of Monte Carlo simulations and explain how I implemented this powerful technique in Pine Script. This implementation can help traders and investors in various time frames to better understand...
The Line Colorizer is a simple indicator that can plot up/down-colorized lines for up to 10 unique individual sources! Plot up/down colors are based on whether the current value is above or below the previous value. Also included is a separate color for when the current value is equal to the previous value. All colors can be modified, along with the plot...
Introduction: The Swing Momentum Strategy is a quantitative trading strategy designed to capture mid-term opportunities in the financial markets by combining swing trading principles with momentum indicators. It utilizes a combination of technical indicators, including moving averages, crossover signals, and volume analysis, to generate buy and sell signals. The...
Library "typeandcast" Contains the following methods: _type() - Returns the type of the variable in the forms "int", "array", "matrix" _type_item() - Returns the type of the variable or of the element (for array/matrix). (e.g. `arrayFloat._type_item()` returns 'float'). _type_struct() - Returns the type of the structure only (i.e....
This script is a custom trading view indicator that helps to identify potential buy and sell signals based on the RSI (Relative Strength Index) and SMA (Simple Moving Average) indicators. The script also identifies potential reversals using a combination of RSI and price action. It plots buy, sell, and reversal signals on the chart along with an SMA line....
The Custom Log 21 Week SMA (CL21SMA) indicator is a custom technical analysis tool that calculates and plots the log values of the asset's price relative to its 21-week simple moving average (SMA). This indicator can be used to identify potential trends and price deviations from the moving average. The CL21SMA indicator performs the following...
This script uses the RSI and RSI divergences to mark signals where the rsi is both below/above the 50, below/above its moving average, and where the last regular or hidden divergence matches that state. The RSI is built into the indicator, so you don't need it in your bottom pane if you don't want it, I just put one there for illustrative purposes. Please note it...