Alright, as per usual with these, I end up adapting an existing indicator to what I want to accomplish. So this is based off the built in VWAP indicator. I added in the gummy worm to easily identify the trend, as well as the related bands to identify potential areas to either reverse position or to trim an existing one. The middle part of the bands are the gummy...
Purpose: ----------- To provide VWAPs anchored on the high and low pivots. I have seen scripts which anchor VWAP on a session or time frame or indeed a time, but not yet one that anchors on pivot points. Value: -------- As many have stated, price action tends toward VWAPs. I named the VWAPs anchored on high pivots the Selling VWAP, representing the volume...
BINANCE:BTCUSDTPERP Even in months like May '21 you can win by going long on Bitcoin. This strategy proves it and is not overwhelmed by Elon's ... The backtest was carried out during the month of May of this year and, as you can see, all the long operations opened during the fall were successful. So if we are going to continue to have a bear market for some...
Relative Volume Table in percent. So 400% RVol means, today's volume is 4x compared to avg volume for the length you selected. 1. When chart resolution is Daily or Intraday (D, 4H, 1H, 5min, etc), Relative Volume shows value based on DAILY. 2. When resolution is changed to Weekly or Monthly, then Relative Volume shows corresponding value. i.e. Weekly shows weekly...
High volume illumination You can choose which volume to highlight
█ OVERVIEW When it comes to tracking your performance when scalping, you are either going to design an automatic algorithm or that you might just want to go with the flow record your performance on a spread sheet. We all know how boring and time consuming that as. I initially designed this easy and simple script for myself, because I wanted to focus on scalping...
*Presenting a setup in which there is almost everything that an Intraday Trader needs. 1) Trend Indicators # Both the trend indicators are multicolored. # Very simple to Understand. Yellow means no trade zone, green - go long , and red - go short. # Trend Indicator 1 is an SMA(20). It will change its color according to the trend ...
Position size calculator for FOREX only! Lotsize is calculated by using properties described below. Properties: - Show position size: Will only be visible on 5m - 15m - 60m chart - Account Currency: - Account Size: Between 0 and 10 000 000 units of currency - Risk: Between 0 and 100% - Stoploss: Between 0 and 200 pips - Textcolor
Shows spot volume green and red and derivative volume as blue.
█ OVERVIEW This Pine script shows how it can be quite simple to personalize a built-in indicator for your needs. █ OUR SCRIPT Our objective was to add the current values for volume and its moving average in prominent view, and use brighter colors than the built-in. We started with the source code from the "Volume" built-in indicator. You can access the...
This script adds arrows to where Open and/or Close are. It is usually better to study seasonal volume with candles off, yet it is worth knowing where the closing price is.
This indicator is most convenient to work in a 1 hour time frame. So what will our strategy be? From the first buy signal after more than 4 sell signals, we make a profit between 1 and 3 percent. On the contrary, with the sell signal after more than 4 buy signals, we get 1 to 3 percent profit in short trading.
The difference between VWEMA and EMA. I refer to the following points. Break out/down Enthusiasm/Fear Color pattern UP Color : close > VWEMA > EMA DOWN Color : EMA > VWEMA > close
This is a simple application of OBV indicator (On-Balance Volume ), to visually determine when a given stock current obv is near the highest or lowest based on the number of lookback bars. Indicator examples: ### OBV value is near an all-time high ## breakthrough , stock value could set new all-time highs. rejection , stock value could come down or...
Volume Weighted Average Price (VWAP) Definition What is the Volume Weighted Average Price (VWAP)? The volume weighted average price (VWAP) is a trading benchmark used by traders that gives the average price a security has traded at throughout the day, based on both volume and price. It is important because it provides traders with insight into both the trend and...
The SKYNET buy/sell 2.0 indicator generates buy and sell signals based on the following conditions: **Anchor line : This anchor line is calculated based on certain parameters. The anchor line is calculated in such a way that the stock/instrument moves around this anchor line. The calculation of the anchor line uses a look back period which is set to 9 by...
This indicator plots normal volume bar with some limit lines