"Mike's Crossover Strat" is an adaptable and user-friendly trading indicator designed with both novice and experienced traders in mind. Its flexibility, easy customization, and simplicity make it an ideal tool for beginners who are learning to navigate the complexities of financial markets. Here's a detailed look at its key features and benefits: Versatility...
🔶What it is ? Imbalance indicator that is a tool to help you to define imblance/Fair Value Gap area better to know whether smart money joined current market atomatically. This indicator will measure the gap between every 3 candles to know to show which candles having Imbalance among them. They will be marked by diffirent colors compare with original colors of...
Describes if markets are liquid enough for institutions to manipulate. Its often difficult to determine if markets will trend or chop, but by looking at how much volume we have at the open, we can determine of the session will be choppy or trendy, and take trades based on that. Settings predefined for 1m timeframe on SPY. May work with other tickers, but I have...
Modified Binance Altcoin Basis Indicator; works by taking the basis between various altcoin perpetual futures contracts and spot market indexes on Binance, and then smooths out the data with a basic moving average. The result is a useful oscillator that shows potential "buy" and "sell" areas. Simply put, a spot premium is usually bullish and a derivatives...
This indicator was written by @ynn_kee, please contact me if you have any suggestions. The ideas of indicator are 1.Specials SMAs. SMAs are calculated based on bitcoin minimums. 2. Background colours. Background colours are based on bulls, bears and flats ideas.
🔵 Introduction 🟣 Understanding Divergence As mentioned, divergence occurs in technical analysis when a stock's price behaves contrary to indicators on the price chart. Divergence can signify either a reversal of the stock's trend or a continuation of the previous trend correction. Divergences can act as reversal patterns or continuation patterns. Moreover,...
//@version=5 indicator(title="Swing Indicator with EMA Smoothing", shorttitle="SwingEMA", overlay=true) // Parameters barsback = input(7, title='Bars back to check for a swing') showsig = input(false, title='Show Signal Markers') len = input.int(9, minval=1, title="EMA Length") src = input(close, title="EMA Source") offset = input.int(title="Offset", defval=0,...
//@version=5 indicator(title="Swing Indicator with EMA Smoothing", shorttitle="SwingEMA", overlay=true) // Parameters barsback = input(7, title='Bars back to check for a swing') showsig = input(false, title='Show Signal Markers') len = input.int(9, minval=1, title="EMA Length") src = input(close, title="EMA Source") offset = input.int(title="Offset", defval=0,...
🔶What it is ? Forex lot size calculation is an indicator to help traders to manage trading account better and avoid emotion when you're changing account from small to bigger capital. This indicator calculates lot size to entry by calculation risk in percent that you're planing for a position and your account balance also. Our purpose is, keep your mind always...
Description: This PineScript code, developed by Aakash Santhosh from the Katrathu Kailaavu community group, offers a straightforward trend line breakout strategy. Trend line breakouts are essential in trading for spotting potential shifts in market direction. Aakash's code does the following: 1. **Trend Line Identification:** It plots trend lines based on...
For educational purposes only, this script demonstrates how to implement the following strategy: After the 9-day moving average crosses over the 20-day moving average, we wait for the first green candle that closes above the 9 to put on a long play. We then wait for the first red candle that closes below the 9 to close the position.
PositionCalculator is a simple position calculator that helps to calculate position size or lot size based on custom settings. The calculation result is presented as a table on the chart screen. Settings description: MAIN SECTION: Risk level in percentage Account size Entry price Stop price Take Profit FOREX SETTINGS are in addition to the...
🔵 Introduction The "Smart Money Concept" transcends mere technical trading strategies; it embodies a comprehensive philosophy elucidating market dynamics. Central to this concept is the acknowledgment that influential market participants manipulate price actions, presenting challenges for retail traders. As a "retail trader", aligning your strategy with the...
🔵 Introduction The "Three Drive" pattern is one of the light "RTM" setups suitable for identifying price trend reversals. For this reason, this pattern is considered one of the "Reversal Patterns." 🟣 Bullish 3 Drive At a price bottom, a formation occurs where the negative trend appears to continue, and lower lows are made. However, the second low penetrates...
🔶What it is ? NCI_Mental Health is a reminder to help traders to manage psychology during analyzation. This indicator calculates and displays your analyzation time and give you alert about your current mental status to continue analyzing or close chart to avoid being manipulated my market. Our purpose is, keep your mind always "Empty" during analyzation....
Naive aproach of Dynamic Detection of Dealing Ranges: The script dynamically identifies dealing ranges based on sequences of upward or downward price movements. It uses arrays to track the highest highs and lowest lows after detecting two consecutive up or down bars, a fundamental step towards understanding market structure and potential shifts in...
An extension from my Liquidity Raids indicator work, this indicator is a way to approach SMT divergences occurring on your pair against a configured pair i.e., when a bullish or bearish raid occurs (i.e., low or high gets taken) in the correlated asset and it doesn't occur in the current asset or vice versa, the indicator plots it on the chart. In the above...
The Statistics • Chi Square • P-value • Significance publication aims to provide a tool for combining different conditions and checking whether the outcome is significant using the Chi-Square Test and P-value. 🔶 USAGE The basic principle is to compare two or more groups and check the results of a query test, such as asking men and women whether they want to...