This indicator aims to indicate the correlation between two assets(Current and Base), it does NOT show entries or help your chart analysis directly.
The main features of this Correlation indicator is :
Correlation type : Direct Correlation | Inverse Correlation | No Correlation
Correlation Percentage : as its name, it calculate the Correlation Percentage...
Cumulative Delta of Open Interest Profile
This script lets you visualize where there were Open Interest build-ups and discharges on a price basis.
It only supports pairs where TradingView added the appropriate Open Interest data (at the time of posting that is only Binance and Kraken perpetual contracts)
The script uses my own functions to poll lower timeframe...
How it works?
- It calculates the linear regression of the last X candles and define a range based on a linear regression deviation (represented by the 3 parallel lines over the last candle).
-Open trades based on the breakout of the deviation of the linear regression (represented by the yellow triangle).
-Advanced trend filter to not open trades against the trend...
This script enables calling and/or plotting of traditional Candles sources while loaded on Heikin Ashi charts.
Thanks to @PineCoders for rounding method: www.pinecoders.com
Thanks to @BeeHolder for method to regex normalize syminfo.tickerid.
NOTICE: While this script is meant to be utilized on Heikin Ashi charts it does NOT enable ability to backtest!
NOTICE:...
This is the Averan Zig Zag, that uses the volatility concept of Averan (created by Eduardo Garufi) to identify key higs and low on the market.
The indicator measures the volatility in percentage chance in order to comply with different timeframes.
The default configuration values are indeed the one used by Eduardo Garufi in the Grid System.
This is a visual representation of the alerts built into the Vib Scanner Table (right side of main panel) and Vib Scanner Labels (bottom most panel) that are based on Mr. A's TrueVibration (other lower panel). Instead of a table or scanner labels, this indicator will print labels direction under/over candles identifying where the scanners will trigger alert, but...
Vib Scanner Labels (bottom most panel) is an alternate option for the Vib Scanner Table (seen on right side of main chart area). Instead of a table that only sends alerts on bar close, this will print labels identifying any asset that is meeting the chosen alert criteria IN REAL TIME, though the alerts will still only trigger on bar close. It can be useful if you...
Change the colors of the indicator to contrast your chart! Make sure to also change the transparency for the colors.
---
This indicator finds fair value gaps which are inefficiencies in price delivery. Gaps can be used for entry or even bias.
I've included midpoints, lines, and boxes. Boxes have the greatest range with respect to historic PA so keep that in mind....
This Indicator is based on Mr. Dan Valcu ideas.
Bodies of candles(open-close) are the main component used to indicate and assess trend direction, strength, and reversals.
The indicator measures difference between Heikin Ashi close and open.
Measuring the height of candle bodies leads to extreme values that point to trend slowdowns. Thus quantifies Heikin Ashi to...
script name: show bottom
For left traders, how to accurately find the bottom is very important, and there are various methods, among which the bottom type is a common and convenient method.
This script shows where the bottom is formed and when the bottom is broken.
Although the definition of the bottom type is very simple: after processing the inclusion...
Hello All,
For long time I got many request for Renko Candles and now here it's, Renko Candles Overlay . I tried to make almost everything optional, so you can play with the options as you want.
Let see the options:
Method: the option for brick scaling method: ATR, ATR/2, ATR/4, Percent, Traditional
- ATR Period: period for Average True Range and it's...
Custom candles which only didsplay highs and lows. Color depends on relative position of highs and lows and indicates whether it is going up, down or indecision based on this relative position. Made specially for superchiqui :P
This script simply displays bar colors corresponding to the SMI Ergodic Indicator. It does not display the oscillator or indicator itself. I prefer not to crowd my display with too many oscillators - others may find this script useful as well. Used in conjunction with other indicators, the SMII can give early reversal signals.
Thanks to the TV community.
OVERVIEW
The supply and demand zone indicator shows real-time supply and demand zones on the chart. It also plots a table including the high and low values of the zones. The last row of the table also shows the daily trend in the market.
CONCEPTS
What is Supply & Demand?
Supply and Demand represent the two most powerful forces of the forex market. Demand...
This indicator places a table on the bottom of the chart where each section changes color based on settings in each individual indicator. It provides a way to quickly glance at the chart and see the overall direction of the market with the combination of indicators.
All settings for each individual indicator are editable, so you can customize them to your unique...
This script finds wicks that are longer than the candle body and marks them as potential trading zones to be revisited. Lines, shading, and lookback can all be modified.
Full credit for original code goes to @Squam_Gobaloochee. We updated to Pinescript V5 and cleaned up code. We reached out to original for permission to repost publicly and open source.
The IBS (Internal Bar Strength) as we know it, calculates only correctly on the long side. When the candle closes in loss, the original IBS still uses the upper wick.
This IBS checks first if its an up or down candle and then uses the top or bottom wick to calculate the IBS.
The yellow line is the corrected IBS, the blue line the original
![BTCBUSD: [Fedra Algotrading LR + TTP Indicator Lite]](https://s3.tradingview.com/x/X5AkOntp_mid.png "[Fedra Algotrading LR + TTP Indicator Lite]")
![WIN1!: [GARUFI] Averan Zig Zag](https://s3.tradingview.com/f/ftjhU1Xx_mid.png "[GARUFI] Averan Zig Zag")
![NAS100USD: muh gap! [FAIR VALUE GAP FINDER]](https://s3.tradingview.com/u/u8mKo7pb_mid.png "muh gap! [FAIR VALUE GAP FINDER]")
