PrevHighLow Trend Indicator which is calculated by using prev lowest and highest of p1 -period and p2 -period for two MAs. First MA is made of prev highest of p1-period / prev lowest of p1-period. Second MA is faster, made up of p2(<p1)- period(same formula). Can be used in the next way: slower MA(straight line) shows main trend, faster shows temporary...
The Whisker Reversal Oscillator can be used to spot strength or weakness in trends. It is designed for stocks, commodities and forex trading, and is intended to be calculated from the high, close, low, and open over a given length. Features: The Whisker Reversal Oscillator shows the average length of the top and bottom whiskers on candlesticks over a defined...
This is a modification to "ZigZag with Fibonacci Levels" by LonesomeTheBlue. By default, the script finds the ZigZag, draws Fibonacci lines and labels accordinly. ZigZag period can be set. The modification to the original script provides the following features: 1) Option for user to customize retracement levels, if they don't want to use Fibonacci...
The purpose of this script is to show/alert you when there is a 50% Strat Reversal. It works very well to find possible 3 candles. The arrows, and line can be turned on and off. You can change the 50% to say 45% so that you will be alerted before it actually hits the 50% retracement. The script will only alert if the reversal is a 2up red candle, a 2up...
An extension of TradingView's new ADR and bull-bear power indicators, this indicator is helpful for spotting abnormal bullish and bearish activity to get good contrarian entry points. How to interpret the indicator When the white columns cross over the red line, it's a bearish indicator since the asset has been overbought. When the white columns cross under...
Trap Light is built off the stochastic RSI to provide convenience and make your entries while scalping either long/short more straightforward. Notes/Disclaimer: This indicator is not guaranteed to work every time. Use it at your own discretion and perform your own due diligence. None of this is financial advice. The main idea behind this is that when the...
William Blau Ergodic Tick Volume Indicator (TVI) is a volume/volatility indicator that is used for finding reversals in price movement What is William Blau Ergodic Tick Volume? This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book...
Waves Oscillator is a tool that makes it easier to spot potential reversal zones. When the market is likely to change direction you will get a pink wave as an indication that the market is about to make a bearish move and a blue wave when the market is about to make a bullish move. This oscillator works best in confluence with other indicators and should not be...
The Zone Strength indicator is a multifaceted indicator combining volatility-based, momentum-based, and support-based metrics to indicate where a trend reversal is likely. I recommend using it with the RSI at normal settings to confirm entrances and exits. The indicator first uses a candle’s wick in relation to its body, depending on whether it closes green or...
Divergence Fractals combine divergence candlestick patterns with concepts pioneered by Bill Williams and George Lane to create a precise trend following tool that responds very well to the FX market. This indicator is built off of my Neo Fractal data set, which unlike traditional Williams fractals, track highest and lowest closes instead of higher highs and...
Display Equal high/ low, alert when liquidity is taken.. or created ! An innovation that flows a bit if you are an SMC trader and which was actually missing on TradingView: identification of equal high/low, alerts when liquidity is taken... or created! Its choice in the design means that it gives more importance to the last identified pivots: that is to say that...
It's a simple little tool that enhances Tradingview's horizontal level grid. Set the range of up to 12 assets, you save your model, and the levels will show up automatically when you switch between graphs. it is obvious to note that the market reacts on the round levels if it discovers its levels for a long time. Where using notions of supports / resistances...
Locate institutional daily, weekly, and monthly liquidity intervention zones in an innovative format that allows you to fractalize the degree of trend reversal opportunity across multiple lengths! Far from the traditional formats to tell you "where's the high/low", we display with this map the grab levels relating to the amplitudes of the measured period. You can...
We have designed one of the best buy /sell indicators ! based on our "Reversal score" indicator, a set of strict conditions based on dynamic divergences and fisher's transformation allows to trigger buy signals. The idea is that at a certain level of technical pressure from the indicator, the market has a high probability of changing direction ! (always with the...
3 supports, 3 resistances and an equilibrium price per day displayed at 9am (GMT+2), calculated on the dynamic study of the market at its opening over a certain period that we could qualify as "first opening interventions" Method: We are interested in the first reaction of the market when it discovers one of the levels. The red and green zones (from levels R2 to...
Dynamic divergence indicator on 3 indicators, without delays or repaints Technological choices have been made so as not to lie to you about the signals, and so that the backtesting is perfectly faithful to reality. The market is analyzed and looks for a dynamic status of divergence on the Fisher transformation, the Money Flow Index and the MACD: if the status is...
In my opinion the %K is the only part of the stochastic that you actually need. It's the fast RSI, so it responds much better to large price movements and reveals divergence a lot sooner than %D. The %D has no real confluence with the rest of my strategy so, I only use %K.
The following script detects regular and inverted horn patterns. Detected patterns are displayed alongside their respective confirmation and take profit levels derived from the pattern measure rule. Breakout of the confirmation levels are highlighted with labels. This script is a continuation of the educational idea regarding horns patterns. Settings ...