- Overview Consecutive counting is a simple method to mechanically define trending states to the upside and downside. Consecutive counts are calculated by taking reference price level (e.g. close 4 candles ago) and count closes above/below it up to a maximum count that resets the consecutive count back to 1. This tool provides the means to backtest each count by...
This script's primary function is to calculate the median price of a stock over a specified period and provide visual cues for potential buy and sell signals, along with coloring the bars on the chart based on their relationship with the median price. Here's a breakdown of how the script works: 1. **Median Price Calculation:** It first calculates the median...
🔶 Description: The "Trend Lines with Breaks " indicator is designed to identify and visualize trend lines on a price chart, allowing traders to observe potential trend reversals or continuations. This script implements a method to draw trend lines based on pivot points (highs and lows) within a specified sensitivity range. It also provides an option to display...
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,...
🔶 Description: The "Trend Tide Oscillator " is a technical analysis tool designed to identify potential trend reversals and overbought/oversold conditions in the market. It calculates an oscillator based on the Commodity Channel Index (CCI) and then applies smoothing techniques to provide a clearer view of market momentum. 🔶 Key Features: Oscillator...
The Dynamic Order Blocks indicator displays the most recent unmitigated bullish and bearish order blocks on the chart, providing dynamic support/resistance areas. When price sweeps an order block, this is highlighted by the script indicating a potential reversal. The average between the displayed order blocks is also displayed. 🔶 USAGE Order blocks are...
After taking the approval of Mr. QuantNomad Multiple Indicators Screener by QuantNomad New lists have been modified and added Built-in indicators: RSI (Relative Strength Index): Provides trading opportunities based on overbought or oversold market conditions. MFI (Cash Flow Index): Measures the flow of cash into or from assets, which helps in identifying...
Introducing "The Next Pivot (With History)"! With permission from the author @KioseffTrading The script "The Next Pivot" has been restructured to show historical projections! Features Find the most similar price sequence per time frame change. Forecast almost any public indicator! Not just price! Forecast any session i.e. 4Hr, 1Hr, 15m, 1D, 1W ...
Market Order Bubbles is a volume-based indicator designed to visualize aggressive market buying and selling, aiding in trading reversals and real-time market dynamics observation. This tool uses volume data and price action to estimate surges in market orders, displaying circles (bubbles) above bars for buy orders and below bars for sell orders. The contrarian...
The Sequencer indicator is a tool that is able to highlight sequences of prices based on their relative position to past prices, which allows a high degree of customization from the user. Two phases are included in this script, a "Preparation" phase and a "Lead-Up" phase, each with a customizable amount of steps, as well as other characteristics. Users can...
The KC-MACD Entry Master is designed to enhance trading strategies by utilizing Keltner Channels and MACD for dynamic market analysis. This indicator excels in visually identifying market conditions with a sophisticated bar coloring system and an informative MACD Traffic Light feature. Key Features: - Dynamic Bar Coloring: The core feature of this indicator is...
This indicator, referred to here as "VWAP Rolling," is a technical tool designed to provide insight into the average price at which an asset has traded over a specified rolling period, along with bands that can indicate potential overbought or oversold conditions based on standard deviations from this rolling VWAP. Purpose and Utility: The indicator's primary...
The MTF Supertrend Indicator is a versatile tool crafted to enhance trend analysis across multiple timeframes. Leveraging the reliable Supertrend formula, it provides traders with a comprehensive view of market trends and potential reversal points. Key Features Multi Timeframe Analysis: Tracks Supertrend signals over a variety of timeframes, offering a...
Hello! This script was briefly known as as Bing Chilling. I converted this to Pine Script V5 to ensure compliance with publishing requirements. This script tracks RSI and inserts an indicator when correlated movement is detected. Proximity of current tick to indicator origin tick determines freshness of the indicator. DO NOT sit on the indicator for a long...
Hello there! I am excited to introduce a new original indicator, the Kalman Filter Volume Bands. This indicator is calculated using the Kalman Filter, which is an adaptive-based smoothing quantitative tool. The Kalman Filter Volume Bands have two components that support the calculation, namely VWAP and VaR. VWAP is used to determine the weight of the Kalman...
The "Market Structure Algo" (MS Algo) is a comprehensive tool developed by OmegaTools. This advanced indicator is designed to analyze the market's structure through a combination of pivot highs and lows, creating a nuanced understanding of potential market movements. Core Functionality: - Internal and External Market Structure (MS): The MS Algo differentiates...
▋ 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...
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...