PMax is a brand new indicator developed by KivancOzbilgic in earlier 2020. It's a combination of two trailing stop loss indicators; One is Anıl Özekşi's MOST (Moving Stop Loss) Indicator and the other one is well known ATR based SuperTrend. Both MOST and SuperTrend Indicators are very good at trend following systems but conversely their performance is not...
I created this script with a simple goal in mind: Automatically plot trend-lines for a given interval with a resolution that fits the period chosen. To accomplish this I used a combination of the following: Ichimoku Spans and Ichimoku Span Width. ATR and standard deviation from the ATR of the Ichimoku width. Rolling MACD with directional RSI for coloration...
This script supports my previous post Empirical Suite It automatically plots Support and Resistance levels on the chart during periods of volatility squeeze. You have three plotting methods: From High to Low From Open to Close Linear Regression (experimental) The levels are color-coded: Red: weak, one-sided volatility squeeze Orange: typically strong,...
This indicator removes high-frequency noise from 4 extremely useful measurements: Volume Volatility Trend Momentum All plots are normalized after filtration to make comparisons easier. In the chart, I step through an example trade on $TSLA, however, the indicator works well on Currencies and Commodities too. Comparing side-by-side to other common...
Introduction What is so special about this variation of CPR is that it combines three indicators together. It has Central Pivot Range to understand market trend and for taking entry; Average True Range Stop line to identify the stop loss for any trade keeping in view volatility of the instrument; and Standard Pivot Points for profit targets. So overall it...
This indicator has multiple purposes and functions: (1) it can show transitions from low to high volatility, the momentum direction, and potential big moves in price; (2) it can measure early shifts in momentum and the first indications of a possible breakout, as indicated by the “early signals”, (3) it measures the risk of possible failure by displaying on the...
The following script is an application of the Z-Score (previous script). Z-Scores can be used in place of standard deviation (sigma) in 'Bollinger Bands'. The average of the sample (x-bar) over 21 days (N) 21 average trading days per month, fixed value The average of the population (mu) over 63 days (n) 63 days per quarter, default is set to 63 Z-Score...
The Traders Dynamic Index(TDI) is a trend, momentum and volatility indicator. The TDI is comprised of a standard Relative Strength Index(RSI) line, but also includes an RSI signal line, Bollinger Bands of the RSI and adjusted horizontal overbought/oversold levels. This version of the TDI offers the ability to color the RSI line based on RSI momentum. This...
Taking a pine script course, so still learning. Here is a basic crash finder, it finds significant fat tailed candlesticks. Blue is downside crashes Red is upside crashes Values greater than 2.5% are significant, however this value can be changed. For example; look at January 3rd 2019, there was a flash crash.
Hello guys, I would like to introduce you a script that combines two indicators: VPCI( volume price confirmation indicator) and donchian MAs VPCI: Fundamentally, the VPCI reveals the proportional imbalances between price trends and volume-adjusted price trends. An uptrend with increasing volume is a market characterized by greed supported by the fuel needed...
The Bullish Inertia is an indicator that measures the strength of an asset with respect to its volatility, calculated as: Strength / Volatility = Bullish Inertia (BI) Parameters: Len1 = Length of ROC1 Len2 = Length of ROC2 Len3 = Length of the ATR //Spanish La inercia alcista es un indicador que mide la fortaleza de un activo respecto a su volatilidad,...
Its only NY session, you can look Better your analisys from this hours!!
3 indicators in 1. Included Indicators are: - EMA 8,13,21,55,100,200,450 - Ichimoku - Bollinger Band These can be used to determine changes in trends when: - EMA's collide, trajectories shift, or certain levels are reached. - Ichimoku cloud is above or below the candles. - Bollinger Band's width changes, or range is broken. Reasons for 3 in 1 assembly: This...
The z-score is a way of counting the number of standard deviations between a given data value and the mean of the data set. Z-score = (x̄ - μ) / (σ / √ n) x̄ = sample mean (using the array.avg function = array(a,close ), where i = 1 to 21) μ = population mean ( = avg(close, n)) σ = standard deviation of the population ( = stdev(close,n)) n = number of 'close'...
Description: ATR Pivot Point Index (ATR_PPI) is based on the theory of mean reversion. I was inspired to create this indicator after watching a particular YouTube video on the UKspreadbetting channel. In this video, the trader being interviewed mentioned that he would exit when price is too far from the moving average. In other words, he exits when he thinks...
This needs no explanation, this is the secrete system that has made many millionaires - By selling courses and indicators of course -I jest This was just a fun project, that doesn't mean it was not geared towards tradable S/R generation. People who use Gann and Murrey methods will find this useful, others can marvel at it or lol at it, it's all good. The author...
This script will display the price of Bollinger Bands . For example.See the image above. You can grasp the price of + 1σ on the weekly chart while looking at the five-minute chart. You can know the existence of resistance.And you can get the sign of reversal. This script can display the price of Bollinger Bands for each hour at the same...
This is rather an educational script on how you can put multiple channels on the chart in a relatively non-confusing manner. Because it can be done doesn't mean you should do it (especially as a beginner). However, you might want to use maybe two. Normally, TradingView would put them all over each other causing chart to lose readability. By a few clever...