Intro The simplest version of the indicator automatically draws trendLine on your charts, with newest Type syntax. Type is some thing like type or interface in typescript or Structure in Clang. with type key word you can write more clear code in pinescript. Usage You can change the looking back length settings to get more proper lines you...
Hi dear Investors! Here I present you my last prepared indicator that works with searching on the most visited prices in a period. It also take an average of them which is described here as balance line. Inputs: +BACKWARD: range of your search area on history from current moment. +MEMORY: number of memory stacks that would be used to save previous calculated...
(BBMC) "Bollinger-Bands.Multi_Choice" indicator gives the end user a choice of which Moving Average they want to use. The MA choices available are: SMA = simple moving average EMA = exponentially weighted moving average RMA = moving average used in RSI WMA = weighted moving average VWMA = volume weighted moving average VWAP = volume weighted average price HMA =...
A stochastic indicator is a technical analysis tool that uses random data points to forecast price changes in a financial security. It compares the closing price of a security to its price range over a set period of time. The indicator is designed to indicate when a security is overbought or oversold by comparing the closing price to the price range over a certain...
Bender MA Cloud is a powerful indicator that uses two moving averages filtered by standard deviation to create a "cloud" on the chart. The upper and lower bounds of the cloud could be key levels of support and resistance, and the indicator plots lines on the chart that reflects the average price of the stock over a specified period of time. The standard deviation...
╭━━━━╮╱╱╱╱╱╱╱╱╭┳╮ ┃╭╮╭╮┃╱╱╱╱╱╱╱╱┃┃┃ ╰╯┃┃┣┻┳━━┳━╮╭━╯┃┃╭╮╱╭╮ ╱╱┃┃┃╭┫┃━┫╭╮┫╭╮┃┃┃┃╱┃┃ ╱╱┃┃┃┃┃┃━┫┃┃┃╰╯┃╰┫╰━╯┃ ╱╱╰╯╰╯╰━━┻╯╰┻━━┻━┻━╮╭╯ ╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╭━╯┃ ╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╰━━╯ About the script: This script is an easy-to-use trend indicator, which is based on another popular indicator called "Supertrend" . The basic idea is very simple, i.e. to compute Average...
This indicator is a series of underlaid tables that determine a consensus value using a simple positive or negative score for a set signal. This consensus value is also shown as a histogram and reflected on the chart's bar colors. There are a total of four different table options to choose from: a set of trend and volume oscillators, a set of 11 moving averages, a...
I have modified LazyBears Squeeze Momentum Indicator with enhancements, plus added signals LazyBear mentioned that in John F. Carter's book, Chapter 11, "Mastering the Trade", that "Mr. Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit...
The Ganesh Trend is an indicator developed by Ganesh to help Traders to identify potential trend showing candle .This indicator identifies bullish and bearish candle with some specific rules. This gives fair idea of direction of market .It is very helpful if you use it on Nifty 50 index . Candlestick developed by me is my original work . It is very helpful for new...
This indicator shows two signals to help gauge the health of the market. The first is where the price of the Nasdaq is in relation to a selectable moving average (default is the 21 ema) and the second is based on the number of net new highs and lows on the Nasdaq. Price vs MA Price is above a rising moving average = 🟢 Price below a falling moving average =...
what is "Support and Resistance"? it is a support and resistance indicator. what it does? it draw support and resistance zones on the chart. how it does it? It determines the zones where the price leaves with a big candle after going horizontal for a while as support or resistance zones according to the price movement direction. while doing this, it compares the...
█ HOW DOES IT WORK? The known 90 min cycle is used as one killzone. But actually all 18 min are relevant to search for a trade. All 18 min when a new box starts only then is the placement of an order valid. If the entry candle isn't in a box then it will probably fail. The boxes should only be used in the M1 or M5 timeframe. The best hitrate is in the M1...
A modification of @loxx's "Dollar Index (DXY) Candles" allowing for a user selected basket of tickers using the same weights as the standard DXY. Ticker Inputs are in descending order so highest weight is at the top by default, although weighting can be changed manually by modifying the symbol's corresponding weight input in the settings. The Idea was to get a...
█ OVERVIEW This indicator is intend to be helper to help Elliot Wave user to properly Elliot Wave tools according to correct degree such as 12345 or ABCWXY. The abbreviation changes according to timeframe. █ FEATURES 1. Abbreviation degree adaptive to timeframe. Eg : Subminutte for 1 minute chart, etc. 2. Works for custom timeframe. Eg : Subminutte for 1 to...
█ OVERVIEW This indicator displays Fibonacci retracement and extension levels on the price chart using data within the chart's visible range, providing traders with an automated alternative to our well-known drawing tool . █ CONCEPTS Fibonacci sequence and the Golden ratio The Fibonacci sequence is a sequence of numbers where each term is the...
Similar to RelativeBandwidthFilter , this script is also a simple trend filter which can be used to define your trading zone. 🎲 Concept On contrary to reversal mindset, we define trend when price hits either side of the band. If close price hits upper band then it is considered as bullish and if close price hits lower band, then it is considered bearish....
The True Range Adjusted Exponential Moving Average was created by Vitali Apirine (Stocks and Commodities Jan 2023 pgs 22-27) and this is the latest indicator in his EMA variation series. He has been tweaking the traditional EMA formula using various methods and this indicator of course uses the True Range indicator. The way that this indicator works is that it...
This script is a modification from the awesome "Support Resistance - Dynamic v2" by @LonesomeTheBlue This script is very similar to the original indicator mentioned above, but with a modification that, in my opinion, would be very useful for many traders. It enables the option to choose different timeframe to calculate the S/R levels. Very often, traders would...