### 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...
KMACD Indicator: Advanced Market Analysis Through Central Tendency Metrics The KMACD (KAMVIA Moving Average Convergence Divergence) indicator is an advanced, multi-dimensional tool designed to provide traders and analysts with a deeper understanding of market dynamics. By integrating the classical MACD framework with statistical measures of central tendency,...
EMAs for D W M Timeframes Description: The “EMAs for D W M Timeframes” indicator allows users to set specific Exponential Moving Averages (EMAs) for Daily, Weekly, and Monthly timeframes. The script utilizes these user-defined EMA settings based on the chart’s current timeframe, ensuring that the appropriate EMAs are always displayed. Please note that for...
**Definitions** A Honey Badger Day is defined as a day where the market dips below a certain threshold but then closes above it. Specifically: - The day's low is less than or equal to the lower of either the opening price or the previous day's closing price. - The day's closing price is greater than or equal to this same lower threshold. Dip and Rip Day:A Dip...
This script provides the options to mark the: 1. Midpoint of the candle body and/or 2. Midpoint of the full candle (including the wicks) Works on all timeframes. This indicator can be used to help determine the mean (midpoint) reversion of price. -
Publishing one of the simplest yet one of my favorite concepts. Had to publish since I didn't really find any script for this on TV. VWAP slope. This is nothing fancy because it's just calculating "slope" with a very basic level formula vwap_slope = (vwap - vwap ) / length Above zero line, it's positive zone. Below zero line, it's a negative zone. The idea is...
The “2-Year - Fed Rate Spread” is a financial indicator that measures the difference between the 2-Year Treasury Yield and the Federal Funds Rate (Fed Funds Rate). This spread is often used as a gauge of market sentiment regarding the future direction of interest rates and economic conditions. Calculation • 2-Year Treasury Yield: This is the return on...
Description : The **Position Sizer by Volatility (PSV)** is an indicator that helps traders determine what percentage of their deposit a position will occupy, taking into account the current market volatility. PSV calculates the range of price movements over recent periods and shows how large this movement is compared to historical data. The lower the value, the...
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...
Enhanced Overbought/Oversold Indicator Description: The Enhanced Overbought/Oversold Indicator is a custom technical analysis tool designed to identify potential reversal points in the market by highlighting conditions of overbought and oversold levels on any timeframe. This indicator is based on the Relative Strength Index (RSI), a momentum oscillator that...
A T-wave might describe a pattern where the price movement forms a "T" shape on the chart, which could involve: Strong Vertical Movement (The Stem of the T): This could represent a sharp, decisive move in one direction (up or down), often occurring in a single candle or a few candles. This movement could be seen as the "stem" of the T. For example, a sudden...
Overview The Wick Strength indicator is a unique script designed to measure and visualize the relative strength of candlestick wicks over time. By analyzing the relationship between upper and lower wicks, this indicator provides insights into potential market dynamics and price action patterns. How It Works The Wick Strength indicator calculates the "strength"...
Overview: The Extended Hours Volume Flag Indicator is a powerful tool designed for traders who are interested in monitoring and analyzing the volume activity during the extended trading hours—specifically the premarket (4:00 AM to 9:30 AM) and afterhours (4:00 PM to 8:00 PM) sessions. This indicator identifies and flags stocks where the trading volume during these...
The Weighted US Liquidity ROC Indicator is a technical indicator that measures the Rate of Change (ROC) of a weighted liquidity index. This index aggregates multiple monetary and liquidity measures to provide a comprehensive view of liquidity in the economy. The ROC of the liquidity index indicates the relative change in this index over a specified period, helping...
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...
A utility to manually track your trades. Also allows you to specify a RR and $ risk per trade if you trade with that kind of system. Double click to get to the settings to update as you make trades. Can be used for back/forward testing and while live trading. Modified and republished with permission from Knighted21
1. **Candlestick Patterns Detection:** - **Hammers** and **Inverted Hammers** are specific candlestick patterns that can indicate potential reversals in the market. - **Hammer**: A candle with a small body and a long lower wick, showing a possible reversal after a downtrend. - **Inverted Hammer**: A candle with a small body and a long upper wick,...
The "Weekly OHLM" is a versatile utility indicator designed for traders who focus on weekly price movements. This indicator offers a comprehensive view of an asset's weekly price range and dynamic signaling features. Here's a summary of its key functionalities and how it works: Weekly Price Levels: The indicator plots three critical levels based on weekly price...