This Pine Script indicator calculates and displays the average performance for each weekday over a specified lookback period on a chart. The performance is computed based on the percentage change from the open to the close price of each day. Features: Lookback Period: Input field to specify the number of days to look back for calculating performance....
This Pine Script indicator identifies long and short trading signals based on specific criteria involving candle body size, EMA, and pivot levels. Long Position ("Buy" Signal): A "Buy" signal is triggered when a green candle (close > open) with a body size of at least 10 crosses above the 9 EMA and any of the daily pivot levels (R1, R2, R3, R4, R5, S1, S2, S3,...
This Pine Script indicator, titled "Qty Calculator," is a customizable tool designed to assist traders in managing their trades by calculating key metrics related to risk management. It takes into account your total capital, entry price, stop-loss level, and desired risk percentage to provide a comprehensive overview of potential trade outcomes. Key Features: User...
Components of the Indicator: Moving Averages: Short-Term Moving Average (MA): This is a 50-period Simple Moving Average (SMA) applied to the closing price. It is used to track the short-term trend of the market. Long-Term Moving Average (MA): This is a 200-period SMA used to track the long-term trend. Day Trading Moving Average: A 20-period SMA is used...
The Cauchy probability distribution is a distribution that is better suited to be used on non normal data, such as stock returns. Markets characterized by volatility and fat-tails can be better modeled like this. This script provides two values to a user. The blue line represents the probability for the underlying to rise. The purple line represents its...
This script is designed to help you compare the size of the current price candle (the difference between the highest and lowest prices in a given time period) to the average size of the last several candles. It does this by calculating the average range of a certain number of previous candles (you can set how many with the "Length" input) and then dividing the...
Overview This simple script generates alerts based on the difference between the previous trading day's VIX close and the current trading day's opening bar. It is designed for use on the TVC version of the VIX chart, with 1-minute bars. Features The script flags one of four conditions based on the difference between the previous day's close and the...
Title: Close Price - EMA Percentage Difference Indicator Description: The Close Price - EMA Percentage Difference Indicator is an essential tool designed to calculate and display the percentage difference between the closing price of a security and its Exponential Moving Average (EMA). This indicator is particularly useful for traders and analysts who want to...
Plots an area based on daily settlement price +/- 5% of the current market you are looking at. This is of particular interest to those who trade with Topstep's XFA or Live accounts.
Introduction: This indicator is designed to implement "The Strat" trading strategy combined with a Timeframe Continuity Dashboard and Combo Dashboard. The Strat is a robust trading methodology that relies on price action and candlestick formations to make trading decisions. This script helps traders to identify specific bar types such as Inside Bars (1),...
This indicator combines a quadratic kernel regression with adaptive deviation bands to provide a unique view of market trends. Key Features: **Customizable Parameters:** - Regression Period: Adjusts the sensitivity of the central line (default 50). - Time Deformation: Modifies the weight of recent vs. older data (default 1.0). Increasing the "Time Deformation"...
Inverted Yield Curve Indicator Overview: The Inverted Yield Curve Indicator is a powerful tool designed to monitor and analyze the yield spread between the 10-year and 2-year US Treasury rates. This indicator helps traders and investors identify periods of yield curve inversion, which historically have been reliable predictors of economic recessions. Key...
This indicator allows you to monitor the spread (difference in exchange rates) between two assets in real-time for up to 12 trading pairs simultaneously. ⚙️ How does the indicator work? In the settings menu, you can select two trading pairs, such as BTCUSDT on Binance and BTCUSDT on Bybit. The script then fetches prices from both exchanges and compares them,...
The Candle Body Percentage Indicator is a custom TradingView script designed to display the percentage of the candle's body relative to the full candle length for each bar on the chart. This indicator helps traders quickly assess the strength of price movements by comparing the body (the range between the open and close prices) to the total range of the candle...
Multi Timeframe Bull Market Support Bands (BMSB) Indicator Concept and Functionality: The Multi Timeframe Bull Market Support Bands (BMSB) indicator is a powerful tool designed to identify and visualize support levels across multiple timeframes simultaneously. The primary concept behind BMSB is to plot dynamic support bands derived from moving averages (MAs)...
This TradingView script is designed to visualize the highest high and the lowest low from the previous 576 candles on the chart. It draws horizontal lines representing these values and updates them at a specific time each day.
### Indicator Name: Triple Dip Averaging (TDA) #### Description: **Triple Dip Averaging (TDA)** is a unique and strategic tool designed for long-term investors who are looking to systematically average down their investments during market downturns. This indicator provides a structured approach to reduce the average cost of your holdings by executing additional...
Not sure to call it as willspread or not, because i take this idea from Larry William's original willspread indicator and did some modifications which found out to be more effective in my opinion, which is by subtracting 21 and 3 ma, this indicator is found on Trade_Stocks_and_Commodities_With_the_Insiders page155. Feel free to find out. Here's what I modified,...