The "Money Flow Index Crossover Indicator" is a specialized technical analysis tool designed to assist traders by providing a clear visualization of potential buy and sell signals based on the Money Flow Index (MFI) and its smoothed moving average (SMA). This indicator delineates overbought and oversold zones, offering valuable insights into market dynamics. It...
This script allows to change the background color of the main chart to green or red depending on the following factors: Based on the QQQ graph whatever ticker you are watching - Price > EMA20 Da - Net New Highs > 0 - 10EMA Da > 20 EMA Da When you are trading Break-Out, EP or other similar trades you will need the market at your back to improve both the winrate...
A complete ATR Trailing Stop Loss in version 5. Features Include: Timeframe Option Long/Short Triggers (Green/Red Triangles) Long/Short Conditions (Bottom Colored Line) "Golden" Long/Short Triggers (Yellow Triangles)(Hanging Man or Shooting Star Candlestick patterns breaking ATR trailing stop) Alerts
The script can be used to send a JSON message to the webhook once per time. For example, to store market conditions in an external database. The latter is make sense for smaller timeframes due to TradingView limitations on the number of available bars. The interval between messages can be set in the settings. To set up transmitted market metrics, you will probably...
Library "swap" Side / Boundary Based All Types Swapper - three automagical types for Arrays, Matrixes, and Variables -- no signal : Long/ Short position autoswap -- true / false : Boolean based side choice -- Src / Thresh : if source is above or below the threshold - two operating modes for variables, Holding mode only for arrays/matrixes -- with two ...
█ OVERVIEW The 'Bitcoin Power Law Bands' indicator is a set of three US dollar price trendlines and two price bands for bitcoin , indicating overall long-term trend, support and resistance levels as well as oversold and overbought conditions. The magnitude and growth of the middle (Center) line is determined by double logarithmic (log-log) regression on the...
The Mobility Oscillator was created by Mel Widner (Stocks and Commodities Feb 1996) and this is another of my ongoing series of undiscovered gems. I would say this is probably the most complicated script I have written for an indicator. It is extremely complicated to calculate comparing to other indicators but this is essentially an overbought and oversold...
The RSI is a very popular indicator that follows price activity. It calculates an average of the positive net changes, and an average of the negative net changes in the most recent bars, and it determines the ratio between these averages. The result is expressed as a number between 0 and 100. Commonly it is said that if the RSI has a low value, for example, 30 or...
Applies Blue or Pink colour overlay to candles when RSI is at or over the predefined parameters. These parameters are adjustable in the settings area of the indicator. Please note RSI does not guaranteed a pivot point in price action and the colour overlay should only be used as an indication or condition not a call to buy or sell alone. The colour overlay is a...
According to classical technical analysis, an RSI above 70 should signal overbought conditions and, thus, a sell-signal. Cryptocurrencies represent a whole new asset class, and they reshape the classical concepts of technical analysis. FOMO-buying can be very powerful, and coins can remain in overbought conditions enough to provide excellent opportunities for...
Plot of the distance from the 200ma. Helpful to identify areas where max distance from the 200ma caused a drop down or jump up to the mean