The indicator calculates buy and sell volume values for different look-back periods, based on the high, low, close, and tick volume data of the chart. The calculated buy and sell volume values are stored in separate variables, which represent cumulative volume values over the respective look-back periods. It's important to note that the code provided calculates...
This script calculates the convergence divergence and breakouts from the deviations for a fast and slow linear regression slope. This can be used to predict major market moves before they happen. For users familiar with MacD, the blue line is similar to the MacD line and the orange line the signal. The difference is this is not a moving average comparison...
This indicator helps traders set stop loss and take profit levels based on either ATR or High-Low range. The indicator calculates stop loss and take profit levels for both long and short positions, based on the user's input of ATR length, ATR smoothing method, and multiplier levels for each level. It’s possible to set 3 levels of take profit, for both long and...
Hello everyone, Did this quick reference indicator and figured I would share it as nothing like it exists that I could find. What this does is it pulls leveraged share data and displays the bull share and bear share volume. There are 5 pre-programmed shares. These include: SPY Pulls bull share data from: SPXL and UPRO Pulls bear share data from: SPXU and SPXS...
Hello traders, today I'm going to share with you a strategy that I use very frequently. I wanted to share this strategy that I use in my manual trades by translating it into code. I'm sharing it with you with completely open source code. RSI of ROC: The indicator initially calculates RSI (Relative Strength Index) on ROC (Rate of Change). This is a method...
"Top and bottom Hunter" indicator combines two popular technical analysis tools, Fibonacci retracement levels and the Relative Strength Index (RSI), to identify potential trading opportunities in the market. Fibonacci retracement levels are based on the Fibonacci sequence, a mathematical series where each number is the sum of the two preceding ones. In trading,...
Hello traders, Let me explain the code and provide an example of how to trade using this indicator. The code you provided is a Pine Script indicator that combines multiple technical indicators, such as Supertrend, ADX, RSI, and MFI, to generate buy and sell signals. Here's a breakdown of the code: User Settings: The user can adjust parameters like...
LNL Scalper Arrows The indicator consist of various different types of candlestick patterns that are truly time tested by multiple veteran traders. These arrows are a combination of short-term scalping strategies taught by Linda Raschke & a trader that goes by name Quant Trade Edge. These strategies/patterns occur regularly within the markets. They offer high...
*In a cutting system, from the lowest price of the red momentum to the highest price of the green momentum of the range of candles, cuts of different heights are created and the volume of transactions is calculated. *Volumes in red and green candles each layer are calculated separately. *The start of the candles can be from a candle other than zero. *The maximum...
"The Advanced Choppiness Indicator with CPMA is a technical analysis tool designed to assist traders in identifying choppy market conditions and determining trend direction. It combines two key components: the Choppiness Index and a Custom Price Moving Average (CPMA). The Choppiness Index is calculated using the Average True Range (ATR), which measures market...
This script is an implementation of the stochastic relative strength index (STOCH RSI) indicator The script takes inputs from the length of the RSI, the source of the data, and parameters for the smoothing of the STOCH RSI. The STOCH RSI is calculated by first calculating the RSI of the chosen source data, then smoothing it with an exponential moving average....
The provided script is an enhanced strategy that combines multiple indicators to generate buy and sell signals. Here's a breakdown of its features and usage: Indicators used: 1. Moving Averages (MA): It uses two moving averages, fast and slow, to identify trend direction. 2. Relative Strength Index (RSI): It measures the momentum and overbought/oversold...
Overview The indicator displays the expected volume up to the closing time of the session. Calculations The real volume is proportional to the projected volume, just as elapsed session time is proportional to entire trading session. Knowing the actual volume, the elapsed time of the session and the total time of the trading session, it is possible to find out...
The discrete Fourier transform (DFT) overlay uses a discrete Fourier transform algorithm to identify trend direction. This is a simpler interpretation that only uses the magnitude of the first frequency component obtained from the DFT algorithm, but can be useful for visualization purposes. I haven't seen many Fourier scripts on TradingView that actually have the...
Description: The "ADX Momentum Shaded Candles" indicator (ADXMSC) is an overlay indicator that enhances candlestick charts by adding shading based on the momentum derived from the Average Directional Index (ADX). This indicator provides visual cues about the strength of bullish and bearish momentum by adjusting the transparency of the candlesticks. How it...
Williams fractals are remarkable support and resistance levels used by many traders. However, it can sometimes be challenging to use them frequently and get confirmation from other oscillators and indicators. With the new "Alpha Fractal Bands", a unique blend of Williams Fractals and Bollinger Bands emerges, offering a fresh perspective. Extremes can be utilized...
NVT Studio is an indicator that aims to find areas of reversal of the Bitcoin price based on the extreme areas of Network Value Transaction. Instructions: - We recommend using it on INDEX:BTCUSD - Use the daily or weekly timeframe The indicator works as an oscillator and offers to visualisation modes. 1) Showing the short term oscillations of NVT showing...
This indicator is designed to identify potential turning points in the market. By measuring the distance between the price and a moving average, and normalizing it, the MACI provides valuable insights into market sentiment and potential reversals. In this article, we will explore the calculation, interpretation, and practical applications of the MACI, along with...