Combined Indicator: Solar EMA and BWMA This custom indicator combines two popular moving average techniques, the Exponential Moving Average (EMA) and the Barycenter Weighted Moving Average (BWMA), to provide insights into market trends and potential trade opportunities. Solar EMA (Exponential Moving Average): The Solar EMA is a dynamic moving average that...
Gann counting is a method for identifying swing points,trends, and overall market structure. It simplifies price action by drawing short trend lines that summarize moves. There's essentially 4 types of bar/candle. Up bar - Higher high and higher low than previous bar Down bar - Lower high and lower low than previous bar Inside bar - Lower high and higher low...
Introduction This is a new representation of my well-known oscillator Hybrid Overbought/Oversold Detector overlaid on the chart. The script utilizes the following 12 different oscillators to bring forth a new indicator which I call it Hybrid OB/OS . Utilized Oscillators The utilized oscillators here are: Bollinger Bands %B Chaikin Money Flow (CMF) ...
The Volume Indicator provides a visual representation of trading volume, expressed in U.S. dollars, directly on your chart. It multiplies each candle's closing price by its volume to compute the volume in dollar terms, offering a clearer perspective on market activity relative to price movements. Features: Volume Calculation: The indicator calculates the volume...
Components of the Indicator RSI Settings: The RSI is set with a length parameter, which can be adjusted by the user but defaults to 14. This measures the speed and change of price movements. MACD Settings: The MACD is composed of two lines: the MACD line and the signal line, which are calculated from exponential moving averages (EMAs) of different lengths...
The "Bullish Candlestick Patterns With Filters" is a trading indicator that identifies 6 core bullish candlestick patterns. This is further enhanced by applying channel indicator as filters, designed to further increase the accuracy of the recognized patterns. 6 CANDLESTICK PATTERNS Hammer Inverted Hammer Bullish Engulfing The Piercing Line The...
Script Features Dynamic Period Choice: The user can adjust the calculation period (period) for relative performance, allowing flexibility according to specific market analysis needs. Sector Selection: The script takes into account different economic sectors through well-known ETFs like QQQ (technology), XLF (financial), XLY (consumer discretionary), XLV...
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...
The "Symbol Correlation" indicator calculates and displays the correlation between the chosen symbol's price and another selected source over a specified period. It also includes a moving average (SMA) of this correlation to provide a smoothed view of the relationship. Why SMA and Table Display ? The inclusion of SMA (Simple Moving Average) with adjustable...
The Average True Range (ATR) indicator is a technical analysis tool used to measure market volatility. The ATR indicator is designed to capture the degree of price movement or price volatility over a specified period of time. It does this by calculating the true range for each bar or candlestick on a chart and then taking an average of these true range values over...
This indicator provides three separate Volume Weighted Average Price (VWAP) calculations, each anchored from different key points on the chart: High Anchored VWAP: Resets from the highest price reached since the start date. Low Anchored VWAP: Resets from the lowest price since the start date. Start Date VWAP: Calculated from the trading data beginning at the...
The inside bar pattern is characterised by two consecutive candlesticks that often suggest a period of consolidation or indecision in the market. Traders and analysts can find value in identifying the setup as it can provide insights into potential future price movements.
UM-MA-DIRECTION Indicator Indicator Description The UM-MA-Direction indicator adds a few more features to a traditional Moving Average indicator. The primary difference is color change upon MA direction. The indicator is green when trending higher and red when trending lower. Additionally, a MA of the MA can be configured. This gives a smoothing effect...
The script uses the previous candle of the current timeframe to assess the state of the current candle. 1. Previous candle high/low and midpoint are displayed 2. Highlights current bar if INSIDE previous candle 3. Highlights current bar if POTENTIAL OUTSIDE bar. This condition uses the logic that if the previous high/low has been swept and price then reaches...
SKEW and VIX are both indicators of market volatility and risk, but they represent different aspects. VIX (CBOE Volatility Index) :. The VIX is a well-known indicator for predicting future market volatility. It is calculated primarily based on S&P 500 options premiums and indicates the degree of market instability and risk. Typically, when the VIX is high,...
Enhance your trading decisions with the Rolling Point of Control (POC) Indicator designed by AlgoAlpha! This powerful tool displays a dynamic Point of Control based on volume or price profiles directly on your chart, providing a vivid depiction of dominant price levels according to historical data. 🌟📈 🚀 Key Features: Profile Type Selection: Choose between...
For traders that use the London Killzone session high/low to project possible take profit targets. The indicator will determine the current day London killzone high and low range and draw a range box to the right of the last candle on the chart. Drawing to the right of the chart keeps the workspace cleaner. The high/low range is then used to project Standard...
Checks following on daily chart: current close above previous year close 5th close above previous year close current close above SMA200