This indicator is called "Swing Harmony Indicator" and it calculates the average of the highest high and lowest low prices over a certain period, along with a simple moving average of the closing prices. It then plots these values on the chart, with the color of the average line dynamically changing based on whether the second average is less than or greater than...
This is fork of the previous Astro: Planetary Channel Lines indicator that now includes over a dozen different celestial bodies, made possible after the most recent update of the AstroLib library.
Celestial Body Channel Lines is an approach to financial astrology that involves using the positions of the celestial bodies to predict trends and patterns in the...
TSI (True Strength Index)
The TSI (True Strength Index) is a momentum-based trading indicator used to identify trend direction, overbought/oversold conditions, and potential trend reversals in financial markets. It was developed by William Blau and first introduced in 1991.
Here's how the TSI indicator is calculated:
• Double Smoothed Momentum (DM): This is...
The indicator combines two components: Exponential Moving Averages (EMAs) and Bollinger Bands.
Exponential Moving Averages (EMAs): The indicator calculates four EMAs with different periods: 9, 13, 18, and 25. An Exponential Moving Average is a type of moving average that places a greater weight and significance on the most recent data points. As the name...
Hello Reader!
What is Supertrend indicator ?
The Supertrend Indicator is a popular technical analysis tool designed to assist traders in identifying market trends.
The indicator combines the average true range (ATR) with a multiplier to calculate its value. This value is then added to or subtracted from the asset’s closing price to plot the supertrend...
This is a new indicator that detects double inside bars with the condition that their base bar is either shifted above or below (i.e. both base bar's high and low are higher or lower than the mother bar's high and low respectively)
it plots lines at the top and bottom of the mother bar and 2 TPs above and 2 TPs below.
Heikin Ashi Candles
Let's consider a modification to the traditional “Heikin Ashi Candles” where we introduce a new parameter: the period of calculation. The traditional HA candles are derived from the open , high low , and close prices of the underlying asset.
Now, let's introduce a new parameter, period, which will determine how many periods are...
This Pine Script calculates the True Range Index (TRI) using ATR and Fib Levels and uses the result to generate buy and sell signals based on certain conditions.
Here's a breakdown of the code:
Inputs:
atr_period: Determines the period for calculating the Average True Range (ATR), preferred setting at 14.
atr_multiplier: Multiplier used to set the width of the...
Title: Customizable 52 Week High & Range Bands Indicator
Description:
The "Customizable 52 Week High & Range Bands" indicator is a novel tool designed for traders and investors who seek to gain insights into an asset's long-term performance while simultaneously identifying potential support and resistance levels through customizable percentage-based range...
this script provides a comprehensive visualization of various technical indicators (RSI, MFI, SuperTrend, MACD, and ADX) on a TradingView chart, allowing users to analyze market trends and make informed trading decisions.
This script builds levels based on the High and Low of the previous trading day; a middle line is also added, which is the average value of these data. The indicator generates a long signal when the High level of the previous day is broken, as well as a short signal when the low is broken. The idea of the indicator is to capture volatility in the crypto market....
The "Bullish Candlestick Patterns With Filters" is a trading indicator that identifies 6 core bullish candlestick patterns. This is further enhanced by applying channel indicator as filters, designed to further increase the accuracy of the recognized patterns.
6 CANDLESTICK PATTERNS
Hammer
Inverted Hammer
Bullish Engulfing
The Piercing Line
The...
The Dual SMA/EMA Bands indicator provides a clear view of market trends, combining Simple Moving Averages (SMA) and Exponential Moving Averages (EMA) in one customizable tool. Designed for any timeframe, it features Aqua and Purple Bands for 50-period and 200-period averages , respectively, aiding in trend analysis and volatility insights.
Features:
Adaptive...
MBAND 200 4H BTC/USDT with RSI and Volume by MGS-Trading: A Neural Network-Inspired Indicator
Introduction:
The MBAND 200 4H BTC/USDT with RSI and Volume represents a groundbreaking achievement in the integration of artificial intelligence (AI) into cryptocurrency market analysis. Developed by MGS-Trading, this indicator is the culmination of extensive research...
💎 GENERAL OVERVIEW
Introducing our new Breaker Blocks Screener! This screener can provide information about the latest breaker blocks in up to 5 tickers. You can also customize the algorithm that finds the breaker blocks and the styling of the screener.
Features of the new Breaker Blocks Screener :
Find Latest Breaker Blocks Accross 5 Tickers
Latest...
Trend Fusion: ADX & EMA+Ichimoku is an innovative indicator designed to provide traders with comprehensive insights into market trends. Combining the power of the Average Directional Index (ADX) with Exponential Moving Averages (EMA) and the Ichimoku Cloud, this indicator offers a sophisticated approach to trend analysis.
This indicator stands out for its unique...
This simplified Point of Control (POC) indicator for TradingView is designed to identify and plot the price level where the highest volume of trading occurred over a specified period. The script works as follows:
Input and Initialization: The user specifies a length for the analysis period. Variables highestVolPrice and highestVol are initialized to track the...
This indicator is designed for trading CFD indices, focusing specifically on breakout strategies.
For instance, utilize this indicator to set up a bracket order at the beginning of the trading day, anticipating a breakout in NAS100 with a movement of 1% in either direction. Utilizing the Open Price, it calculates the Entry Price, Stop Loss (SL), and Take Profit...
![BTCUSD: Heikin Ashi TSI and OTT [Erebor]](https://s3.tradingview.com/u/uCIA1isW_mid.png "Heikin Ashi TSI and OTT [Erebor]")
![BTCUSD: Heikin Ashi and Optimized Trend Tracker and PVSRA [Erebor]](https://s3.tradingview.com/k/Kxde2dQ4_mid.png "Heikin Ashi and Optimized Trend Tracker and PVSRA [Erebor]")
![ETHUSDT: Bullish Candlestick Patterns With Filters [TradeDots]](https://s3.tradingview.com/u/u3wpcOlR_mid.png "Bullish Candlestick Patterns With Filters [TradeDots]")
