This indicator is used to visualize timeframe continuity - a core concept of "The Strat" - along with some added logic for potential range limiters. When discussing timeframe continuity, typically we are evaluating several timeframes to see if price is trading above or below the current open of each respective timeframe. If we are concerned with the 15m, 4h, and...
🔵 Introduction The "Three Drive" pattern is a well-known formation in technical analysis, recognized for its ability to signal potential trend reversals in price action. Within the realm of trading, particularly in the context of "Reversal Patterns," the Three Drive pattern holds significance as a reliable indicator of shifts in market sentiment. 🟣 Bullish 3...
🔵 Introduction The "Smart Money Concept" transcends the realm of mere technical trading strategies to embody a comprehensive philosophy on the dynamics of market operations. It posits that key market participants engage in price manipulation, thereby complicating the trading landscape for smaller, retail traders. Under this doctrine, retail traders are advised...
🔵 Introduction "Smart Money" refers to funds under the control of institutional investors, central banks, funds, market makers, and other financial entities. Ordinary people recognize investments made by those who have a deep understanding of market performance and possess information typically inaccessible to regular investors as "Smart Money". Consequently,...
▋ INTRODUCTION : The “Index Generator” simplifies the process of building a custom market index, allowing investors to enter a list of preferred holdings from global securities. It aims to serve as an approach for tracking performance, conducting research, and analyzing specific aspects of the global market. The output will include an index value, a table of...
UT Bot Stochastic RSI is a powerful trading tool designed to help traders identify potential buy and sell signals in the market. This indicator combines the Stochastic and RSI (Relative Strength Index) oscillators, two of the most popular and effective technical analysis tools, to provide a comprehensive view of market conditions. The Stochastic oscillator is a...
INTRODUCTION: The Candlestick Patterns detection and backtester is designed to empower traders by identifying and analyzing candlestick patterns. Leveraging the robust Pine Script's add-in “All Candlestick Patterns”, this indicator meticulously scans the market for candlestick formations, offering insights into potential market movements. With its backtesting...
🔵 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,...
🔵 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...
Input : * two option Premiums * net Premium Paid for LONG * net Premium Received for SHORT based on the above data it plots the line chart of the premiums the indicator can be used to monitor the straddle / strangle positions the table displays the premiums of the corresponding options premiums and the current premiums based on the positions the color of 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...
Speedometer Revisited is a new way to draw custom metric speedometers and is intended to be a utility for other coders to use. @rumpypumpydumpy originally introduced the Speedometer Toolkit in version 4 of Pine Script. Since then, Pine Script has been updated to version 5, introducing some amazing new features such as polylines and chart.points. This indicator is...
This indicator mirrors TradingView's bar replay feature to a certain extent, offering traders a streamlined way to analyze past market movements. It's a practical tool for strategy testing, pattern recognition, and refining trading approaches. While it may have some limitations, it offers a practical solution for strategy testing and refining trading approaches...
This indicator automatically draws Fibonacci levels based on your selected timeframe: Monday, Monthly, or Quarterly. For instance, if you choose Monday, it plots Fibonacci levels (0, 0.25, 0.5, 0.75, 1) based on that day's candle. You can also opt to display titles on the top right of each line for clarity. Additionally, it offers the feature to show a dashed...
ntroduction The "Long / Short OI Build Up" script is designed to identify potential long or short build-up opportunities based on changes in open interest (OI) and price movements. Open interest refers to the total number of outstanding contracts for a financial asset, such as futures or options, that have not been settled. This script provides insights into...
🔵 Introduction The Price Action, styled as the "Smart Money Concept" or "SMC," was introduced by Mr. David J. Crouch in 2000 and is one of the most modern technical styles in the financial world. In financial markets, Smart Money refers to capital controlled by major market players (central banks, funds, etc.), and these traders can accurately predict market...
What we have Condition met 1 --> It means we have more than 20% move in last 5 Days we have Lookback Period of 504 days that means 2 years data it will analyze The first blue label means --> We have a move of 20% or more in last fast days --It is very helpful who want to create a idea chart book for them to study all 20% moves --Like what happened on the...
🔵 Introduction "Smart money" is money invested by knowledgeable individuals at the right time, and this investment can yield the highest returns. The concept we focus on in this indicator is whether the market is in an uptrend or downtrend. The market briefly takes a weak and reversal trend with "Minor BoS" without being able to break the major pivot. In the...