This script implements an Improved CUSUM (Cumulative Sum) Peaks & Troughs with Drift indicator. Here's a breakdown of how it works: Input Parameters: cusumThreshold: Threshold value for detecting peaks and troughs. cusumDrift: Drift value used to adjust the CUSUM calculation. movingAverageLength: Length of the moving average used as a...
This indicator helps trade to scan stocks which are in a bullish or bearish trend. RSI is used to identify the trend. User has to input RSI upper and lower level for sorting stocks User can Choose Higher time RSI also How to use : Stocks which are in bullish trend are above over bought level at specified timeframe. Similarly stocks which are below over sold...
This script will generate an alert each time there is a certain number (or greater) of consecutive lower highs on the chart. It also generates an alert when the high of the previous candle breaks. I made this to help with playing 5m candle breaks on NQ and YM but it will work with other timeframes.
Here's a description for the modified Directional Movement Index (DMI) indicator: --- **Indicator Name:** Directional Movement Index (DMI) with Adaptive Color **Description:** The Directional Movement Index (DMI) with Adaptive Color indicator is a technical analysis tool that measures the strength and direction of a trend in the price movement of an asset. In...
SMA 325 is best used for swing trades off the 4hr. timeline off key support and MACD ribbon crossover for upside swing plays.
Hello Traders! The TRN Consolidation and Range Pattern indicator utilizes a unique swing-based pattern recognition to pinpoint consolidation zones in real-time with unparalleled precision. The rectangle pattern, also known as a trading range or a consolidation pattern, is characterized by horizontal lines that act as support and resistance levels, creating a...
Sure, here's a breakdown of the provided Pine Script code for a TradingView indicator that identifies support and resistance levels: Version Declaration: //@version=4 specifies that the script is written in Pine Script version 4. Study Declaration: study("Support and Resistance", overlay=true) sets up the script as a study (indicator) in TradingView and overlays...
This script will draw horizontal lines at user-specified levels on a trading chart, which is especially useful for marking key support and resistance levels. Explanation: Indicator Definition: The indicator function sets up the script with the name "Draw Horizontal Lines" and specifies that it should overlay the price chart. Processing Levels: The...
Indikator ini menggambarkan struktur pasar dengan melukis garis dari high ke low dan sebaliknya dari low ke high di antara candle stick. This indicator illustrates the market structure by painting a line from high to low candle stick and vice versa from low to high between candle sticks..
Importance: Identifying Key Price Levels: The indicator helps identify critical price levels such as all-time highs (ATH), all-time lows (ATL), 52-week highs (52WH), and 52-week lows (52WL). These levels often act as significant support or resistance areas. Candle Color Insights: By coloring candles based on their relationship to these key levels, traders can...
The "Range Algo - Signals" is designed to aid traders by providing dynamic entry and exit signals based on market conditions. It utilizes multiple technical parameters such as Average True Range (ATR), Relative Strength Index (RSI), and volume analysis to optimize trading decisions. Features: Confidence Score: Allows users to adjust the sensitivity of the...
The Volume Profile with Node Detection is a charting tool that allows visualizing the distribution of traded volume across specific price levels and highlights significant volume nodes or clusters of volume nodes that traders may find relevant in utilizing in their trading strategies. 🔶 USAGE The volume profile component of the script serves as the...
Purpose: This custom TradingView indicator is designed to generate buy and sell signals while combining volume analysis, trend following, and volatility considerations. It aims to increase the reliability of signals and potentially reduce trades taken in choppy, ranging markets. Key Components: Volume Delta and Delta Volume: The script measures positive and...
The RMVH indicator combines several popular technical analysis tools to provide a comprehensive view of market conditions. It includes Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), Volume, and Smoothed Heiken Ashi. RSI (Relative Strength Index): The RSI measures the strength and speed of price movements. It oscillates between 0 and...
Today, I'll share a spot buying strategy shared by a member @KR陳 within the DATA Trader Alliance Alpha group. First, you need to prepare two indicators: 今天分享一個DATA交易者聯盟Alpha群組裏面的群友@KR陳分享的現貨買入策略。 首先需要準備兩個指標 RSI Indicator (Relative Strength Index) - RSI is a technical analysis tool based on price movements over a period of time to evaluate the speed and magnitude...
This Pine Script code is designed to identify and plot Marubozu candlestick patterns on a trading chart. Marubozu candles are characterized by having very small or non-existent wicks (shadows) and a large body, indicating strong buying or selling pressure. The script first calculates the body size and wick size for both red (bearish) and green (bullish) Marubozu...
This script contains excerpts of stoic statements to help in any life situation. Hover over the title of one of the statements to get the saying. Keep your head while trading ! Epictetus' Enchiridion is a great work written in 50 B.C. Containing the eidos of Stoic philosophy, or a brief guide to moral living, it will help you keep a clear mind and calm while trading.
█ OVERVIEW The Century Levels Indicator provides real-time insight into key price levels within the market that can serve as powerful support and resistance levels. These levels are updated automatically in real time to display only the most relevant levels to the current price, facilitating your trading experience. The aim of this script is to simplify the...