A simple but unique indicator to show ONLY whether there is an increase or a decrease in price compared to the previous value. Also includes a customizable SMA or EMA based "Smoothing Length" variable, allowing the indicator to show whether the SMA or the EMA of the price is up or down compared to the previous value. An offset option is also included if you...
The Flash Crash of September 8 showed once more how many are falling to greed. On top of it one also add leverage to long positions. It's just insane the risk people are taking. Anyhow, for all my noobies and friends here is a very very simple indicator that shows when NOT to buy nor increase positions and when there is window of opportunities. A few remarks: ...
This script displays the close price and 4 sorted moving averages of your choice in a small repositionable panel and, when used on a higher timeframe, warns you when values may be different from actual values in the higher timeframe, inciting you to double check the actual values of the moving averages in the higher timeframe the panel is supposed to reflect. The...
VIX Contango 1 = 100* (VX2! - VX1!)/VX1! Show when is VIX in contango or in backwardation. I compare the first two contracts.
you may comment out outputs and change variable req for using in different timeframes because its suitable for only 20w sma and bitcoin only for understanding when to buy long term and sell too i recommend zooming out and making a trend line from tops back from 2013 in bitcoin-index chart pair it up with rsi and bam you have a very powerful indicator for bitcoin...
Momentum Indicator based on previous candle structure over past 40 periods - Blue is momentum score - Green = 15 ema - Red = 50 sma - orange = 100 sma The indicator looks at the previous candles differences between open, close, high, and low to determine momentum. A high close relative to open or low indicates very strong momentum for example.
This works on daily charts Summarizes some data as shown. Projects volume for eod. Sometimes it opens on new window. You have to move it to the price window.
This indicator was intended as educational purpose only for Gann Square 9, specifically to show Cross and Cross Cardinal. This indicator was build upon The Tunnel Thru The Air Or Looking Back From 1940, written by WD Gann . Values shown is theoretical for basic understanding and may not represent actual market trend. This pine script for educational purpose as...
The Position Sizing Table is a simple, clean table designed to calculate shares per trade based on total capital.
This indicator for 5 minute NQ charts utilises TICK index and price action. Where TICK opens beyond +1000/-1000 this is an overbought/oversold signal. Similarly, when TICK closes below -200 it is a sell signal, and above +200 it is a buy signal. This indicator colours the NQ bars based on the closing/opening values of the previous TICK. It also draws arrows...
I spent a lot of time searching for the best ZigZag indicator. Difficulty with all of them is that they are always betting on some pre-defined rules which identify or confirm pivot points. Usually it is time factor - pivot point gets confirmed after a particular number of candles. This methodology is probably the best when market is moving relatively slow, but...
Level: 1 Background M.H. Pee developed the Trend intensity index (TII) indicator to measure the strength of a trend in the market. Function In this pine script, it uses the current 55-bar moving average for the measurements. TII looks at the proportion of prices of prior 34 bars being above or below today’s 55-bar moving average. The purpose of the TII...
RedK Magic Ribbon is simple script that combines a fast and a slow moving averages to create a 2-Moving Average Cross-over / trend visualization tool. We utilize the Compound Ratio Weighted Average (CoRa Wave) as the fast MA line and the RedK Slow Smooth Weighted Moving Average (RSS_WMA) aka LazyLine as the slow MA line. i put this script together when i...
Hello Traders, I would like to introduce you zigzag support&resistance multi timeframe levels. It is based on the ZigZag semafor script made by DevLucem so shout out to him The Semafor is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones at different Depth settings. I's the same zigzag indicator...
Inspired by the Brownian Motion ("BM") model that could be applied to conducting Monte Carlo Simulations, this indicator plots out the Drift factor contributing to BM. Interpretation : If the Drift value is positive, then prices are possibly moving in an uptrend. Vice versa for negative drifts.
$$ Market noise can be problematic to some types of trading strategies yet beneficial to others. By measuring noise using the 'Price Density' can enable us to improve our trading edge and turn noise to our advantage. Robust analysis of noise can inform us when it is best to avoid trend-following systems (when noise is too high), and vice versa for systems...
This is a function that you can use in strategies. Not a strategy in and of itself. Example thumbnail is showing the function applied to a strategy. Oftentimes, I am asked a question regarding how to hold a variable at a specific, constant level over a conditional period of time. This question is always asked in a very long convoluted way like "I want the...
Greetings Colleges I share a tape of moving averages amplified by Fibonacci levels 1.236% You can modify the main length and the multiplier factor. Now only the weighted moving average function is available soon incorporating the exponential ma and a variable length mean. Also pending is the change of color of bars which I want to do a function that changes the...