Description: The indicator displays "recommendations" for the active symbol (Buy, Strong buy, Sell, Strong sell or Hold), based on the Tradingview's recommendations data. There are 3 presentations you can choose from: - Bar -> displays a vertical/horizontal bar with sections for each rating - Pie chart -> displays a pie chart with sections - Table -> displays a...
The RSI Momentum indicator generates buy and sell signals based on the Relative Strength Index (RSI) crossing specific thresholds. The Key difference is that we're using RSI overbought and oversold readings as the foundation for finding continuation signals in the same direction of that momentum. This solves the issue of trying to buy the bottom or sell the top...
Average Down Calculator is an indicator for investors looking to manage their portfolio. It aids in calculating the average share price, providing insights into optimizing investment strategies. Averaging down is a strategy investors use when the price of a security they own goes down. Instead of selling at a loss, they buy more shares at the lower price to reduce...
Gold 96.5% Price Display (Test Version) This Pine Script indicator is a test version designed to display the current price of Thai gold (96.5%) in a customizable table on your TradingView chart. The script calculates the gold price using the latest values for XAU/USD and USD/THB, reflecting the price of gold in Thai Baht (THB) with a purity...
The Prometheus Volatility EMA is an indicator that calculates an Exponential Moving Average with the historical volatility as how we decide how sensitive to make the indicator to the most recent data. A traditional EMA is calculated like this: EMA = alpha * source + (1 - alpha) * EMA , where alpha = 2 / (length + 1) Sourced from TradingView’s ta.ema built in...
Big Candle Highlighter The Big Candle Highlighter indicator highlights significant candles based on their percentage difference between the open and close prices. This tool helps traders quickly identify candles with substantial price movements, which can be crucial for spotting key price action, potential reversals, or significant market events. Key Features:...
Description: The Good Signal Indicator utilizes Exponential Moving Averages (EMA) across multiple timeframes to provide buy or sell signals based on the relative positioning of short-term and long-term EMAs. Features: Multiple Timeframes: Includes EMAs for 1 minute, 5 minutes, 15 minutes, 1 hour, 4 hours, and 1 day. Customizable Settings: Allows for the...
EMAs for D W M Timeframes Description: The “EMAs for D W M Timeframes” indicator allows users to set specific Exponential Moving Averages (EMAs) for Daily, Weekly, and Monthly timeframes. The script utilizes these user-defined EMA settings based on the chart’s current timeframe, ensuring that the appropriate EMAs are always displayed. Please note that for...
This Pine Script indicator calculates the difference between the price and a main moving average (SMA or EMA), allowing you to track deviations in either absolute or relative (percentage) terms. It offers several features to help visualize and smooth this difference: - Main MA Difference: Shows the price deviation from the moving average, either as an absolute...
Balance of Power Indicator ⚖️ The Balance of Power Indicator is a visual tool that illustrates the power dynamics between buyers and sellers by analyzing recent price action. Instead of providing direct buy or sell signals, this indicator shows how the tilt of a symbolic scale reflects the relative strength of both parties. The calculation is based on the...
1. indicator settings BB Length: Sets the period used for the Bollinger Band calculation. The default is 20 periods. BB Multiplier: Sets the multiplier to be used in the Bollinger Band calculation. The default is 2.5 multiplier. Equilibrium volume reset: Selects whether or not the volume should be reset if it is out of equilibrium. The default setting is reset....
Indicator Name: "5-9-20-100 Day EMA" Purpose: This indicator plots four key EMAs (5, 9, 20, and 100-day) on a daily chart, providing a clear visualization of both short-term and long-term trends. The EMAs serve as critical triggers for identifying potential entry and exit points based on price interactions with these moving averages. Technical Details: Version:...
Relative Volume Index (RVI) Short Description: Relative Volume Index (RVI) with customizable volume bands, moving averages, and alerts for high and low volume thresholds. Includes options for displaying daily and weekly relative volume for enhanced analysis. Full Description: The Relative Volume Index is a powerful and versatile tool designed to help...
Overview The Approximate Spectral Entropy-Based Market Momentum (SEMM) indicator combines the concepts of spectral entropy and traditional momentum to provide traders with insights into both the strength and the complexity of market movements. By measuring the randomness or predictability of price changes, SEMM helps traders understand whether the market is in...
Key Features: EMA Filter: Adds an Exponential Moving Average (EMA) to filter signals based on the trend. Buys are only considered when the price is above the EMA, and sells when below it. Customizable Inputs: Users can adjust parameters for EMA, MACD, and RSI directly from the TradingView interface, allowing for more personalized strategies. Alerts: The script...
Library "bollingerBands" Bollinger bands related functions get_multiple_bollinger_bands(stdv1, stdv2, stdv3, stdv4, stdv5, stdv6, stdv7, length, source) Parameters: stdv1 (int) stdv2 (int) stdv3 (int) stdv4 (int) stdv5 (int) stdv6 (int) stdv7 (int) length (simple int) source (float) ...
This indictor will mark intraday levels. Levels will be marked by calculating 3% up and 3% down from previous day close. This indicator calculates 3% levels above and below the previous day's close. These levels can be used to track potential support or resistance levels throughout the trading day. This script helps plot 3% above and below the previous day's...