VWAP Balance Zones (VBZ) Is based on 3 concepts. Many Traders use VWAP to help determine Price Trends. Trends are typically identified by new Highs or new Lows. Balanced is found when Supply and Demand are mostly Equal. VBZ tracks the daily, weekly, and monthly highs and lows; Then plots the average (50%) between the VWAP and the respective extremes. 50%...
Displays the % of stocks above their 50 day average and the 5 and 20 ema of the indicator. Often the market will trend up when the 5ema is above the 20ema for this indicator, or down when vice versa. The 20% and 80% levels are plotted to show potentially oversold or overbought markets. Select NYSE or Nasdaq in the settings.
Plots the cumulative total of net new highs minus lows over the past 4 weeks and the 10 ema of the calculation. Settings allow choice of NYSE and Nasdaq. Signal shading for when the indicator is above the 10 ema, showing a rising trend of net highs-lows. Similar to the TC2000 T2123 indicator.
What is Kijun Sen? Kijun-sen also means "base line" and is the mid-point of the 26-period high and low. Kijun-sen is typically used in conjunction with Tenkan-sen (conversion line) or (the 9-period midpoint price) to generate trade signals when they cross. Kijun-sen is typically used in conjunction with the other Ichimoku indicators. What is the Kijun Sen...
What This Indicator Does This indicator shows you where the 'Gaps' are in the market ( as defined by this indicator ). The indicator draws a box that extends indefinitely to the right, this is the 'Gap'. This box will be 'Filled In' when price comes back and overlaps the box. A Gap As Defined By This Indicator A candle creates a 'Gap' in the area...
NormInvTargetSeeker The NormInvTargetSeeker is a trading tool designed to aid traders in identifying and capitalizing on Distribution and Accumulation zones, highlighting specific price levels that could serve as targets for future price movements. Although the indicator itself is not multi-timeframe, an effective trading strategy might involve signal validation...
The purpose of this indicator is to provide a simple approach to Market Structure. When price is closing over swing highs, we may categorize that as bullish structure; and when price is closing below swing lows, we may categorize that as bearish structure. We can easily find swing highs and lows via the following built-in Pine Script functions: ...
Indicator: XAU/USD Key Levels by PB TradingWorld Version: 1.0 This is a Trading note for XAU/USD Traders. PB believes that Market Makers will try to protect the Key levels on chart, especially those around Swing High and Swing Low. Therefore, the indicator will show where the noticeable prices. It is displayed as follows: Key Levels (Round Numbers): H4...
The SuperTrend is a very useful Indicator to display when trends have shifted based on the Average True Range (ATR). Its underlying ideology is to calculate the ATR using a fixed length and then multiply it by a factor to calculate the SuperTrend +/-. When the close crosses the SuperTrend it changes direction. This Strategy features the Traditional SuperTrend...
The Liquidity Hunter helps traders identify areas in the market where reversals may occur by analyzing candle formations and structures. █ Wick-to-Body Analysis: The Liquidity Hunter analyses each candlestick to identify those with distinctive wick-to-body ratios. By focusing on candles with significant wick imbalances, it can reveal potential...
### Script Description #### BTC - Hotness Index This Pine Script, version 4, aims to generate a "Hotness Index" for Bitcoin (BTC) trading by utilizing a Pi Cycle Top Indicator. The script operates in a daily (`1D`) time frame and involves calculating two Simple Moving Averages (SMA) based on `close` prices: - 111-day SMA (`D_111SMA`) - 350-day SMA (`D_350SMA`)...
Hello traders, This script took me a full week of coding/testing, sweat, and tears - and I’m too nice as I’m giving it for free to the community. If you're tired of manual trading and looking for a solid strategy template to pair with your indicators, look no further. This Pine Script v5 strategy template is engineered for maximum customization and risk...
█ OVERVIEW The November 2023 edition of TASC's Traders' Tips features an article titled "VAcc: A Momentum Indicator Based On Velocity And Acceleration" by Scott Cong. This script implements the author's momentum indicator based on simple physics concepts. █ CONCEPTS The indicator is named VAcc as it is derived from the average velocity (V) and acceleration...
The Stablecoin Supply Ratio Oscillator (SSRO) is a cryptocurrency indicator designed for mean reversion analysis and sentiment assessment. It calculates the ratio of CRYPTO:BTCUSD 's market capitalization to the sum of stablecoins' market capitalization and z-scores the result, offering insights into market sentiment and potential turning points. Methodology:...
VAcc (Velocity & Acceleration) is a momentum indicator published by Scott Cong in Stocks & Commodities V. 41:09 (8–15). It applies concepts from physics, namely velocity and acceleration, to financial markets. VAcc functions similarly to the popular MACD (Moving Average Convergence Divergence) indicator when using a longer lookback period, but produces more...
This is the library version of VAcc (Velocity & Acceleration), a momentum indicator published by Scott Cong in Stocks & Commodities V. 41:09 (8–15). It applies concepts from physics, namely velocity and acceleration, to financial markets. VAcc functions similarly to the popular MACD (Moving Average Convergence Divergence) indicator when using a longer lookback...
This is simple indicator script for long term investors. It will check if the low of today is less than low of yesterday (or any time frame candle) and if the condition is satisfied, then the alert will be triggerred and that particular stock will be bought. Each time a unit is bought, the average price is calculated and also the trget selling price, which is set...
This indicator displays a line (pips bar) of lengths corresponding to the set number of pips on the chart. This pips bar serves as a reference for assessing the volatility of the displayed chart. One pip for currency pairs is distinguished for JPY pairs and for others. The horizontal position of the pips bar is offset to the right of the latest bar by the...