The MACD Based Price Forecasting tool is an innovative price forecasting method based on signals generated by the MACD indicator. The forecast includes an area which can help traders determine the area where price can develop after a MACD signal. 🔶 USAGE The forecast returned by the tool allows users to obtain a general picture of how price tends to...
Interest Bricks utilize a unique approach to visualize changes in interest over time. It calculates the difference between the current and previous values of a specified asset's closing price on a daily basis. The resulting value indicates whether there has been an increase, decrease, or no change in interest. This indicator employs a sine wave plot to represent...
This script is just for fun. It generates a Planet and a Zodiac Sign at the close of each candle. The candle is "sliced" into 7 sections, one for each Planet and the close lands in one of those sections. The candle is "sliced" into 12 sections, one for each Zodiac and the open lands in one of those sections. You could use it to generate a quick "answer" to a...
Pi-cycle Top Risk (PCTR) - The PCTR indicator uses divergence of the Pi-cycle top indicator display the risk that a macro top in Bitcoin (BTC) is near. The Pi-cycle top indicator is simply the cross of the 111-day moving average above a 2x multiple of the 350-day moving average of the BTC price. While there is no fundamental reasoning behind why this works, it has...
🔵 Introduction One of the patterns in "RTM" is the "QM" pattern, also known as "Quasimodo". Its name is derived from the appearance of "Hunchback of Notre-Dame" from Victor Hugo's novel. It is a type of "Head and Shoulders" pattern. 🔵 Formation Method 🟣 Upward Trend In an upward trend, the left shoulder is formed, and the price creates a new peak higher...
The Trailing Twelve-Month Price-to-Earnings (TTM P/E) Ratio vs. Median Value Indicator is a financial analytical tool designed to assess the current valuation of a stock or index in comparison to its historical norm. This is achieved by calculating the P/E ratio using the sum of the entity's earnings per share (EPS) over the past twelve months and dividing it by...
🚀📈 Introducing the Supertrended RSI Indicator by AlgoAlpha! Designed to empower your trading decisions, this innovative Pine Script™ creation marries the precision of the Relative Strength Index (RSI) with the dynamic prowess of the SuperTrend methodology. Whether you’re charting the course of cryptos, riding the waves of stock markets, or navigating the futures...
Word Puzzle is a PineScript-based clone of the popular daily puzzle game called "Wordle". It is not identical, but the general gameplay is the same. >How It works (The Game) A secret word (also referred to as the "target word") is randomly selected from a database of 5 Letter words. The player/user's goal is to guess that word within 6 attempts. After each...
Library "Word_Puzzle_Data_R2Z" This Library consists of functions for returning arrays of words starting with R through Z. By splitting the data through multiple libraries, I can import more tokens into my final compiled script, so having this data separately is extremely helpful. This library is the the container 1/3 for my database of 5 Letter words uses in...
Library "Word_Puzzle_Data_I2Q" This Library consists of functions for returning arrays of words starting with I through Q. By splitting the data through multiple libraries, I can import more tokens into my final compiled script, so having this data separately is extremely helpful. This library is the the container 1/3 for my database of 5 Letter words uses in...
Library "Word_Puzzle_Data_A2H" This Library consists of functions for returning arrays of words starting with A through H. By splitting the data through multiple libraries, I can import more tokens into my final compiled script, so having this data separately is extremely helpful. This library is the the container 1/3 for my database of 5 Letter words uses in...
Open Liquidity Heatmap is an indicator designed to display accumulated resting liquidity on the chart. Unlike any other liquidity heatmap, this aims to accumulate liquidity at specific levels that build up over time, showing larger areas of liquidity. 🔶 FEATURES The indicator includes the following settings: Lookback : Used to determine the range...
This indicator was designed for traders doing Iron Butterflies intradays with the SPX. Draw and assemble the picture of an IB with the call and put wings chosen according to the selected configuration. Additionally, it shows both breakevens according to the credit obtained. The indicator shows the distance, in real time, between the current price of the SPX and...
The indicator version of the "Triple MA HTF Strategy - Dynamic Smoothing" strategy script. In summary the indicator consist of 3 higher time frame moving averages. In which the highest timeframe is used for confirmation on the trend (filter). Moving average 1 and 2 are used to enter and exit the trade (crossover / crossunder). The main principle is to detect...
This strategy is designed for traders seeking a trend-following system with a focus on precision and adaptability. **Core Strategy Concept** The essence of this strategy lies in use of Exponential Moving Averages (EMAs) to identify potential long (buy) positions based on the relative positions of short-term, medium-term, and long-term EMAs. The use of EMAs is...
It's All Mids extends mid-lines of a candle forward until the price revisits (covers) the midpoint. A higher timeframe can be used for the mid candles than the chart (but not the reverse). There is no data to support this is a meaningful concept. While this script is intended to be functional, correct and useful it is important that you understand that not only...
▋ INTRODUCTION : The “ATR Levels” produces a sequence of horizontal line levels above and below the Center Line (reference level). They are sized based on the instrument's volatility, representing the average historical price movement on a selected higher timeframe using the average true range (ATR) indicator. _______________________ ▋ OVERVIEW: ...