Auto Price Action - Volume Price and Spread - Multi Time Frame Volume Price and Spread script generates important support and resistance levels basis activity happening in price, volume and candle spread. The basic idea has been taken from concepts of VSA which underlies that weakness appears in uptrend and strength in downtrend. Script will try to find candles...
Hello All, In Elliott Wave Theory, 3rd wave is not the shortest one in the waves 1/3/5 and it's usually longest one. so if we can catch it then we may get good opportunities to trade. This script finds 3rd wave experimentally. it can be also the 3rd waves in the waves 1, 3, 5, A and C. the 3rd wave should have greater volume than other waves, the script can...
Our Indicator “Supply and Demand” offers an insight into the structure of any given Instrument applied to. Understanding Supply and Demand is essential for using this Indicator. If you are familiar with the concept, then you will most likely find this indicator useful in your trading. If you are unfamiliar with the concept and are interested then continue reading...
First, you have to know price action, RTM price action Handbook could help you this indicator shows you base and momentum candles base candles could be zones of trade that show you fighting of bulls and bears, and momentum candles could show the power of those zones. Base candles are white in the chart, and you can place your order at the good...
TradingWise Supply and Demand Indicator 1.0 is based on the Price Action candlestick patterns to identify the Supply and Demand zones in the charts (Areas of liquidity). It works on all Timeframes and Asset Classes. This Script helps the traders to identify the demand and supply zones with identifications on the candle stick patterns indicating the origin of the...
Hello All, This script calculates and shows Volume Profile for the fixed range . Recently we have box.new() feature in Pine Language and it's used in this script as an example. Thanks to Pine Team and Tradingview!.. Sell/Buy volumes are calculated approximately!. Options: "Number of Bars" : Number of the bars that volume profile will be...
The idea here is to input the appropriate benchmark tickerid to the asset class you're trading and to paint zones according to the price activity of the selected tickerid. This works very well trying to paint meaningful zones against noisy stocks, currencies, commodities etc. Use a correlation coefficient to determine the best benchmark for your asset class.
Hello All, This script finds the Cups and you can use it while analysing the symbols. it creates circle and channel for the potential Cups and checks the number of bars included by the channel, if included bars is equal or greater than the value you set then it shows the cup. The Options: "Number for Bars to search" : Maximum length of a Cup "Channel Width...
This is an indicator of supply and demand ,It can provide the reference of supply and demand position for traders. First of all, I need to explain the components of the indicators in detail. 💖==========================================💖 Components of supply and demand zone: DBD:means Drop Base Drop RBR:means Rally Base Rally DBR:means Drop Base Rally RBD:means...
shows the distance to its relevant demand vector. demand vector is based on the demand for long/short, extracted from price range..
Create lines based on the demand for long/short, extracted from price range.. this lines have nothing to do with volume and liquidity, its just a interpretation of price range.
Helo All, I got many requests for a Breakout script and here it's. This script searches the breakouts/breakdowns and draw square if there is one. The options: "Period" is used to find Pivot Points "Max Breakout Length" is the maximum length to search breakouts "Threshold Rate %" is channel width of the breakout area. calculated using highest/lowest of...
RMI is a combination of RSI and MFI oscillators which considers money flow and strength of supply or demand together. It estimates that the money of which side is being ran out. So the power of trends can be predictable approximately. Where the green columns appear, it means demand is very high and it can fall because buyers may withdraw and sell their assets. And...
Dear Traders, "You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future." ~Steve Jobs This quote from Steve Jobs, explains the very essence of this indicator. Trading is Simple, Why make it complicated. ~ Ravi Chandran The main motto building this Traders...
Hello All, Today I am here with a new idea and script, " LTB Zigzag Circles ". The idea is to create Circles using last 2 zigzag waves and to catch the breakouts earlier than horizontal lines. if a circle is broken then the script shows entry for Long/Short positions. and if broken circle reappears again then the position is closed. You can change Zigzag period...
Identifying Supply and Demand zones can be tricky. Just using price levels can mislead you, so why not include volume ramps to detect zones? This indicator does it for you. It spots areas where volume has rapidly increased, measures the speed of the increase, and assigns three different levels of importance. The red areas are the strongest zones, followed by...
Hello All, For Long time I was planning to make Support/Resistance Channels script, finally I had time and here it is. How this script works? - it finds and keeps Pivot Points - when it found a new Pivot Point it clears older S/R channels then; - for each pivot point it searches all pivot points in its own channel with dynamic width - while creating the...
As the name suggests, this is a supply and demand indicator script with alerts that i have made based on sole price actions. I have used 3 different methods of identifying supply and demand zones and tested to make sure they work. Nonetheless some zones will fail as no strategy is 100% and some zone will fail due to other reasons. How this works: As a basic rule,...