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...
Bollinger Bands (BB) are a widely used technical analysis created by John Bollinger in the early 1980’s. Bollinger Bands consist of a band of three lines which are plotted in relation to instrument prices. The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (The type of trend line and period can be changed by the trader;...
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.
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 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....
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...
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...
This script is designed to navigate through the ebbs and flows of financial markets. At its core, this script is a sophisticated yet user-friendly tool that helps you identify potential market turning points and trend continuations.
How It Works:
The script operates by plotting two distinct lines and a central histogram that collectively form a band structure:...
We determine if the price is below EMA 9 by comparing the close price with EMA 9.
We determine if the current candle body is huge compared to the previous candle's body.
We plot EMA 9 in black color and EMA 200 in green color.
We plot blue triangles below the bars for EMA crossover above and red triangles above the bars for EMA crossover below.
We set the color of...
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...
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...
Input Parameters
The script has three input parameters:
· length: an integer input with a default value of 20, likely used for calculating moving averages or other indicators.
· zoneSize: a decimal input with a default value of 1.5, likely used to define the size of the "holding zone".
· entryZone: an integer input with a default value of 50, likely used to...
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...
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...
This version update by @Nahlawi
Combined Anchored VWAP and Standard Deviations Indicator:
This indicator combines the Anchored Volume Weighted Average Price (AVWAP) with Standard Deviations (SD) to provide traders with insights into price trends and potential reversal points. Let's break down each component and its functionality:
1. Anchored VWAP (AVWAP):
The...
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 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 unique indicator is a comprehensive tool designed for traders seeking to gain an edge in the market. It consists of three main components: a revised RSI, a dynamic heatmap, and an integrated alert system.
1.Modified RSI:
Unlike the traditional RSI that calculates delta as the difference between the current price and the previous price (Δ = {price} -...
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