The Multi SMI Ergodic Oscillator (Multi SMIEO) indicator can be used to identify potential buy and sell signals based on the relationship between the TSI and EMA lines. The script is creating an indicator that plots multiple (3) sets of Time Series Indicator (TSI-Indicator) and Exponential Moving Average (EMA-Signal) lines as a single indicator. The TSI is a...
What This Indicator Does The Forex Master Pattern uses candlesticks, which provide more information than line, OHLC or area charts. For this reason, candlestick patterns are a useful tool for gauging price movements on all time frames. While there are many candlestick patterns, there is one which is particularly useful... The Engulfing Pattern An engulfing...
TL,DR: A trend indicator with deviation bands using a modified Donchian calculation This indicator plots a trend using the average of the lowest and highest closing price and the lowest low and highest high of a given period. This is similar to Donchian channels which use an average of the lowest and highest value (of a given period). This might sound like a...
Trading Channel aims to be a canvas on which to develop any strategy that the user feels comfortable with. The greatest utility of the script lies in the fact that it plots a channel over the price action, as a support and resistance pivot, within which the price action develops. It is a script of maximum simplicity in concept and development, but at the same time...
It is easy to loose track of time and price volatility when the chart automatically scales to the bars on the chart. This helps you keep track. This is a very simple indicator that is designed to ensure that you're looking at a segment of the chart that is relevant to the trade you're considering in both price distance and time. The Problem: When looking at...
Choose to display numbers from 6, 7, 8 or only 9, showing a colored dot until the last number is reached to reduce the clutter Support and resistance Customizable labels, several styles are available Identifies turning point in the trending price of an asset or an index.
Display all numbers or choose from 6, 7, 8 and 9 to reduce the clutter Support and resistance Customizable labels, several styles are available Identifies turning point in the trending price of an asset or an index.
What this Indicator Does This indicator is a very simple tool created specifically for experienced Straters. It was created for those Straters who fully understand the 1-2-3 Strat Scenarios, are in need of an easy to use tool, and do not want or need a lot of messy markings on their chart. The indicator simply allows the user to color code the Strat 1, 2 ,3...
Simple pinescript that compares a long ATR against short ATR and let you define a threshold in %
This script will show you at a glance the following trends: Higher Highs (Green line on top) Lower Highs (Red line on top) Higher Lows (Green line on bottom) Lower Lows (Red line on bottom) It utilizes the Pivot High and Pivot Low functions to determine if the previous pivot was higher or lower than the current pivot .
Description: This indicator calculates the difference between price high's and low's, and fractions it by the close price. If it calculates the difference between a high and low or low and high is defined by whether the current close is higher than the previous close. It is then also rescaled to ensure the value is always appropriate compared to the last set...
This script highlights ICT Killzones on the chart along with Fibonacci retracements constructed from each Killzone's price range, allowing traders to find more optimal entries. Settings Killzone Retracements Show Retracements: Determines whether Fibonacci retracements are displayed on the chart. Extend: Determines if the retracements are extended...
The indicator for calculating and visualizing the Discounted Cash Flow (DCF) for a selected stock. It uses the Weighted Average Cost of Capital (WACC) with a margin of safety and the Free Cash Flow (FCF) calculation for cash flow analysis. The DCF is calculated by summing the discounted annual FCFs over a 10-year period. The chart color depends on the value of...
This script shows Weekly Change % in Histogram. Start date of Week is Friday and End date of Week is Thursday. This script is useful for trade who deal with Weekly Options in Nifty and Bank Nifty
Indicator identifies potential price trend exhaustion. Compares this period against the 4th prior period for the condition. 9 periods (or more) with the same condition is an indicator that the trend is ending soon.
This is the indicator I am most proud of. After reading Glenn Neely's book "Mastering Eliott Waves" / "Neowave" and chatting with @timwest who got acknowledged by Neely, we came up with the idea of an moving average which does calculate the real average price since a trend started. Addionally I adapted a method from Neely Neowave and Tim Wests TimeAtMode to not...
Introduction: In this script, we will be creating an indicator called "Momentum Sparkler" that plots lines on the chart to visualize the momentum of the given source. Explanation: First, we define the input "Source" as the source for the data to be plotted, and the input "Length" as an integer determining the number of lines to plot. We then create an array...
This is my second implementation of a Pine Script Quickfingers Luc (QFL) base scanner that I have published on Trading View. QFL base scanners seek to provide buy signals according to the QFL trading strategy. To profitably trade using this script you should be familiar with the QFL trading strategy, scaling in and out of positions, and money risk...