I ndicator Description: Momentum & Sideways Market Detector is a powerful TradingView indicator that combines the strengths of RSI (Relative Strength Index) and Moving Averages to identify market momentum and detect sideways movements. This versatile tool is designed to work effectively across various asset classes, including Cryptocurrencies, Forex pairs, Gold,...
CHANGE BAR OPEN-CLOSE This Pine Script titled **"CHANGE BAR OPEN-CLOSE "** calculates and visualizes the difference between the opening and closing prices of each bar, either as a percentage or as a price difference. The script also includes a Rolling Moving Average (RMA) of the price change and plots it along with a histogram of the price changes. Key...
UNDERWATER EQUITY INDEX This TradingView Pine Script titled **"UNDERWATER EQUITY INDEX "** displays the percentage drawdown of an equity curve and calculates an RSI-based oscillator based on the drawdown. The oscillator is smoothed and presented with optimized colors to visually highlight bullish, bearish, and potential reversal trends. Script Explanation:...
UNDERWATER EQUITY This TradingView Pine Script titled "UNDERWATER EQUITY " calculates and displays the underwater equity (drawdown) of an asset, showing how far the equity has fallen from its highest point, expressed as a percentage. Explanation of the Script: 1. **Variables:** - `highestEquity`: Tracks the highest value of the equity curve (initialized...
This indicator is designed to plot horizontal lines on significant Support and Resistance based on custom user-defined lookback periods. It helps traders identify key levels of support and resistance, improving their ability to detect potential trend reversals or breakout zones. Key Features: 1. Custom Number of Support and Resistance Lines: - The script...
Can we look at what happened yesterday in the market to predict what happens today? Not really, but we can use simple historical statistics to help form a bias for todays market direction. This indicator attempts to do just that. It is broken into 3 parts, none of which are related to each other, but taken together can help a trader improve the quality of their...
Relative Strength Comparison ### Overview The Relative Strength (RS) Indicator is a robust tool designed to measure the performance of sectors or stocks relative to a benchmark index. This indicator provides a comprehensive way to compare the relative strength of different sectors or stocks, with the default selection being the major sectors of the National...
Code Summary: The script plots horizontal lines at .00, .25, .50, and .75 increments around the current price on the chart. It calculates these levels by taking the integer base of the price and adding the specified increments. The user can customize the color, thickness, and style (solid, dashed, dotted) for each level individually. The script plots a specified...
Extremums Indicator: Multi-Timeframe Highs & Lows Detection This indicator is designed to help traders easily identify Highs and Lows across multiple timeframes on the same chart, providing a clear view of market extremes at different levels. With up to 5 timeframes supported and customizable settings, the Extremums Indicator offers flexibility and precision for...
Library "gridUtilities" TODO: add library description here get_fibonacciGrid_data(length, trend_direction, plot_grid, plot_labels, bars_to_right, include_levels) : Gets and plots a fibonacci grid. Parameters: length (int) : (int): The direction flag that indicates where the trend is going. trend_direction (string) : (string):...
OBV OSCILLATOR This Pine Script for TradingView titled "OBV OSCILLATOR " is designed to plot the On-Balance Volume (OBV) Oscillator with both a smoothed and an unsmoothed version, allowing you to visualize trends in volume flow. It also highlights bullish and bearish zones with background colors and shows key levels on the chart. Here’s a breakdown of the...
3 THUMBS UP Overview: The 3 THUMBS UP indicator provides a quick visual snapshot of three key market metrics, helping traders assess the current market sentiment at a glance. The indicator displays the following: 200-day EMA (Exponential Moving Average): Identifies long-term market trends by showing whether the price is above or below the 200-day EMA. ...
Purpose of the Indicator The "Stock Info by IT Wala" indicator was created to display essential stock-related information directly on the chart in a clear and concise manner. This is helpful for traders who want to quickly access details about a stock without having to look them up separately. It is useful for all types of market participants, whether trading...
Description This script is designed for automatic trendline plotting and generating alerts for key market events: retests and trendline breakouts. Using trendlines is one of the core methods of technical analysis, helping traders to identify the current market trend and open positions in its direction. The script is based on detecting pivot points and...
What are Time Clusters? Within the scope of this script, a time cluster is simply the price range of a single 1-minute timeframe bar or candle. The basic function of this script is to draw a box for each of the selected 1-minute timeframe candles and extend that box forward. This script also labels the box with the corresponding time (in 24-hr format), as can...
Title: BRT Signals Buy/Sell v2 Description: The BRT Signals Buy/Sell v2 script is an innovative and original trading indicator designed to generate precise buy and sell signals by uniquely combining several advanced technical analysis tools. This script introduces new methodologies not found in existing public scripts, offering traders enhanced accuracy and...
### Breakdown of the Basic "Fx_Shepherd_Liquidity" Script #### 1. **Purpose of the Script:** This basic version of the "Fx_Shepherd_Liquidity" script is designed to help traders detect potential liquidity grabs by analyzing price movements and candle patterns in the market. It works by identifying large price deviations and compares multiple candles to detect...
The Know Sure Thing indicator (KST) is a momentum based oscillator. KST is based on Rate of Change (ROC). Know Sure Thing takes four different timeframes of ROC and smooth's them out using Simple Moving Averages. KST then calculates a final value that fluctuates between positive and negative values above and below a Zero Line. There is also a signal line which is...