╭━━━╮ ╰╮╭╮┃ ╱┃┃┃┣╮╱╭┳━╮╭━━┳╮╭┳━━╮ ╱┃┃┃┃┃╱┃┃╭╮┫╭╮┃╰╯┃╭╮┃ ╭╯╰╯┃╰━╯┃┃┃┃╭╮┃┃┃┃╰╯┃ ╰━━━┻━╮╭┻╯╰┻╯╰┻┻┻┻━━╯ ╱╱╱╱╭━╯┃ ╱╱╱╱╰━━╯ Overview Dynamo is built to be the Swiss-knife for price-movement & strength detection, it aims to provide a holistic view of the current price across multiple dimensions. This is achieved by combining 3 very specific indicators(RSI,...
Hello everyone, This indicator shows the correlation coefficients of altcoins with bitcoin in a table. What is the correlation coefficient? The correlation coefficient is a value that takes a value between 0 and 1 when a parity makes similar movements with the reference parity, and takes a value between 0 and -1 when it makes opposite movements. In order to...
█ OVERVIEW TASC's February 2023 edition of Traders' Tips includes an article titled "Every Little Bit Helps: Averaging The Open And Close To Reduce Noise" by John Ehlers. This code implements the numerical example from this article. █ CONCEPTS Using theories from digital signal processing as a starting point, John Ehlers argues that using the average of...
"In times of great uncertainty, indecision is often the wisest course of action." Introduction: The Indecision Indicator is a custom script for use in Trading View. The script is designed to help traders determine potential reversal points in financial markets, by displaying different levels of indecision or rejection. Glossary: Indecision: Indicates a...
The VIB / GIB indicator V1 ----- 13 Feb 2023 ------------ Inital release. This gives the user the ability to easily display VIB(Volume ImBalances) and GIB(Gap ImBalances) on their chart. Volume imbalances (VIB) are created when there is a price difference between the close of a candle and the opening of the next candle. This price difference can be used as...
Central Bank Dark Energy Tracer (CBDE Tracer) What makes The Universe grow at an accelerating pace? Dark Energy. What makes The Economy grow at an accelerating pace? Debt. Debt is the Dark Energy of The Economy. The CBDE Tracer is a tool that tracks currency assets in US dollars that can be scaled to fit other assets on TradingView. The example provided is QQQ...
Having a hard time deciding which wavelength to use for a Hurst analysis? Try a handful at once! SwamiCharts by John Ehlers offers a comprehensive way to visualize an indicator used over a range of lookback periods. The Spectral Analysis SwamiChart shows the bullish or bearish state of a spectrum of bandpasses over a user-defined range of wavelengths. The trader...
The Dark Energy Divergence Oscillator (DEDO) What makes The Universe grow at an accelerating pace? Dark Energy. What makes The Economy grow at an accelerating pace? Debt. Debt is the Dark Energy of The Economy. I pronounce DEDO "Deed-oh", but variations are fine with me. Note: The Pine Script version of DEDO is improved from the original formula, which used a...
This is an adaption of the Mcclellan Oscillator for crypto. Instead of tracking the S&P500 it tracks a selection of cryptos to make sure the indicator follows this sector instead. Full credit goes to the creator of this indicator: Fadior. It has since been fixed by SLN. The following description explains the standard McClellan Oscillator. Full credit to ...
This is a simple trend trading companion indicator for Hayden's Advanced RSI, which can be found here: For best results, please be sure your oscillator and chart companion settings match. Detailed trade information & statistics can be found when hovering over any of the indicator labels. The backtesting results are not calculated the same as TradingView, and the...
This is an indicator that uses 6 different metrics to determine the combined probability of a recession and compares the high probability warning periods against actual historical periods of recession. GREEN tells us that the referenced recession indicators are not exhibiting any warning. Observe the long stretches of “all-green” in between recessionary periods...
This indicator colors the wick of a candle on any timeframe based on whether the following rules are met: A colored wick below a candle indicates that the candles low was lower than the previous candles low, and the body of the candle closed above the previous candles low. A colored wick above a candle indicates that the candles high was higher than the previous...
"We're keeping an eye on the market makers, zooming in for a closer look." Spoofing and Volume Point of Control (VPOC) are terms used in the context of market manipulation and market analysis in financial markets. A spoofing detector is a tool developed to detect the spoofing of orders. Spoofing refers to a practice where a market participant places large orders...
— Overview Rather than eyeball evaluating bullishness/bearishness in any given bar, bar metrics allow a quantified approach using three basic fundamental data points: relative close, relative volatility and relative volume. These data points are visualized in a discreet data dashboard form, next to all real-time bars. Each value also has a dot in front,...
Bars with positive MACD histogram value and closing above VWAP are colored, long positions should be taken in areas made of those bars. Similarly, bars with negative MACD histogram value and closing below VWAP are also colored, short positions should be taken there. This indicator by default should be a part of your trend following trading system. In the...
Expected Move Plotter "There is magic in everything new." Introduction: This script is an indicator for financial trading that plots the expected movement of a security based on the average range over the last five periods. The script is written in Pine Script, a high-level programming language used for creating technical indicators, strategies, and other...
Traditionally, the TICK index is a technical analysis indicator that shows the difference in the number of stocks that are trading on an uptick vs a downtick in a particular period of time. This indicator allows user to choose up to 40 tickers to calculate TICK. By default, it uses the SPY Top 40 stocks, but can be changed to any tickers. There are options to...
Support & Resistance drawn based on overbought & oversold RSI . where the overbought acts as resistance and oversold acts as support. It has 2 levels (for support and resistance - i call them level_n_high or level_n_low) for each lookback period. it checks the highest pivot and the lowest pivot based on the lookback period then we compare if rsi is higher than...