Plots fair value gaps or imbalances on the chart. Imbalances are a skip in liquidity, zones where prices move quickly away from, which causes orders to not be fully filled in there. Think of it as weekend gaps, but during trading hours. Settings: 1. Line Length - length of plotted lines 2. Delete Lines - Delete lines after FVG is filled 3. Fill Option - is fill...
Overview: This implementation of the RS Line mimics how Investor's Business Daily and CANSLIM investors measure growth stock performance versus the S&P 500. If you are looking at a weekly chart, the RS Line is the performance of the stock over the past week versus the S&P 500 over that same time frame. The same logic applies to the daily and monthly charts,...
Misc Details : Another Indicator and Totally my own concept... If others have similar study already then Credit to them for coming up with this even before I did but this is just me fiddling with pinescript trying to paint my dream like a great man once said... Background : I am a strong believer of Market being Fractals and what best way to script it than...
Gann Static Square of 9 // ========================================================================// This script uses the same number series in the square of nine chart. It plots them according to the degree of your choosing. It includes ( 360, 315, 270, 225, 180, 135, 90, and 45 ) This static square of 9 is different than the dynamic one. The values always...
I thought for a long time about creating a paid complex indicator, but in the end I settled on a simple one :) Indicators are needed for two things - to simplify the chart in order to see the current trend more clearly, or add information that is difficult to analyze separately from the chart. This indicator is of just the second type - it is a guide indicator...
My other indicator shows the linear regression slope of the source. This one finds the exponential regression slope and optionally multiplies it by R-squared and optionally annualizes it. Multiplying by R-squared makes sure that the price movement was significant in order to avoid volatile movements that can throw off the slope value. Annualizing the exponential...
This is SMA based trend with some twist . you can control it via length of the SMA currently set to 20 or by factor that control sensitivity set 0.05 and you can change it to any value that you like the indicator have signal and alerts blue line is uptrend yellow line is down trend I try to optimize it for stocks but it can work on any asset that you like '...
Better & improved & simpler All time high (ATH) and All time low (ATL) indicator with custom bars length and enable/disable feature.
Calculates the average body to wick highs and body to wick lows over a period and highlights bars above the filter line Can be filtered further by requiring a bullish close for a long bottom wick / bearish close long top wick Amplitude of filter line can be adjusted Two bar reversal mode highlights a continuation bar close in the opposing direction of the...
This is my "Weekly/Daily/Hourly/Minutes Colored Background Intervals" assistant. I wouldn't describe it as an indicator, it just exhibits coloration of referenced periods of time with bgcolor() in Pine. With the arrival of 2021, I pondered the necessity of needing a visualization pre-2021 to visually recognize periodicity of market movements by the week, day,...
Level: 1 Background This MACD is designed with unique oversold and overbought detections, which you may not sell or buy immedidately. You may need to watch the trend movements and decide to buy or sell on current or next goldcross and deadcross respectively. Function Add oversold and overbought detections for MACD to locate proper entry point. Key...
Macro Cycles (Daily) is an indicator meant to show long-term cyclic trends on a daily scale - Red line: Cycle Top - Green line: Cycle Bottom - Red Area: Bearish - Green Area: Bullish - No Area: Price Discovery - Grey Background: Accumulation Zone - Range Input: Lets you fine tune the placement of the Red and Green lines * This is not financial advice. Proceed...
by request of a friend I just made this fast using screen script taken from this is a helper for those who play forex it set on 1 hour non repainting candles MTF we use it on 1-5 min chart. you can play with the MTF to be 30 min or lower /higher etc control of xcreen is by F for height (set to 240 min) you can change to other its just for fast screening of...
Level: 2 Background I am wondering how it works with short-term and middle-term KDJ indicators put together to emulate MTF. Function Use a fast and a slow KDJ to combine signal together to judge trend Key Signal oversold --> oversold signal for long reentry --> re-entry signal for long addmore --> buy more signal for long sellready --> overbought signal for...
Ichimoku Kinko Hyo Signals This script show signals based on my understanding in Ichimoku Kinko Hyo. /!\ Please do not follow signals blindly and always make your own analysis /!\ Buy : Han Ne lines are up, price is up, and also stochastic (K=30, D=10) is up Strong Buy : Is a Sanyaku Kouten and can show a potential reverse in current tendance and Buy...
the triggers only work to tell you go back 5 candles on 5 min, take either lowest or highest plus 3 pips and make entry and go 3 pip over under trigger for stop loss. can take half profit at 1x and move stop to break even and go 1x more for take rest profit, or create a trailing stop loss on Take Profit level 2 and ride the trend. 1 Hour chart has to be over...
The Demand Supply Zone indicator with Alerts helps in identifying the Demand Supply zones on chart by pinpointing them. The indicator looks for Demand Zone patterns, Drop-Base-Rally or Rally-Base-Rally , when such pattern is identified the indicator marks it on the chart. Likewise, if the indicator identifies Supply Zone patterns, Rally-Base-Drop or...