ADR-based high and low range with Line Markers (i.e., defining the maximum top and minimum bottom range based on ADR), we use the Average Daily Range (ADR) to calculate two levels: ADR high: The projected high based on ADR added to the day’s open price. ADR low: The projected low based on ADR subtracted from the day’s open price. Its Simple & Informative
Simultaneous Inside Bar Break Indicator (SIBBI) for The Strat Community Overview: The Simultaneous Inside Bar Break Indicator (SIBBI) is designed to help traders using The Strat methodology identify one of the most powerful breakout patterns: the Simultaneous Inside Bar Break across multiple symbols. This indicator detects when all four user-selected symbols form...
Hello traders 👋 This indicator "Liquidation Risk Suite" hosts various features that allow the trade to determine optimal position sizing, leverage, profit targets, and more! Features Customizable entry price and time From the entry price, a user-defined number of liquidation levels by leverage are shown From the entry price, a user-defined number of...
Short-Term Holder MVRV is an indicator designed to assess the ratio between the Market Value and the Realized Value of Bitcoin that has been held for less than 155 days. Market Value is calculated as the current price of Bitcoin multiplied by its circulating supply. [ Realized Value is derived by multiplying the realized price of Bitcoin (the price at...
### Description This Pine Script indicator is designed for TradingView and provides functionality for drawing time-based boxes on the chart, as well as generating alerts and labels. It is particularly useful for visualizing specific time ranges within each trading day and managing alerts based on those time intervals. #### **Features:** 1. **Box Drawing for...
The MTF Volume Flow Indicator (MTF VFI) is an advanced and versatile tool that enhances market analysis by tracking the flow of volume across multiple timeframes. By integrating volume flow with multi-timeframe analysis, this indicator provides traders with a comprehensive understanding of market trends, momentum, and potential reversals. Key Features ...
Explanation: ATR-Based Brick Size: The script uses the Average True Range (ATR) to define the size of the Renko-like bricks. You can adjust the ATR length and brick size multiplier to match the Renko chart behavior. Renko Approximation Logic: A new brick is assumed to form when the price moves up or down by a certain multiple of the ATR. The brick size is...
This indicator tracks price movements following significant volume increases. It identifies volume spikes by comparing recent average volume to a longer-term average. After a spike, it monitors price changes over a specified number of bars. In plain English, the point of this is to “let the market show it’s hand”, vs. other common and preemptive methods of...
Heyo, This indicator is an original translation from Ehlers' book "Cycle Analytics for Traders Advanced". First, I describe the indicator as usual and later you can find a very insightful quote of the book. Key Features Signal Line: Represents the output of the band-pass filter, highlighting the dominant cycle in the data. Trigger Line: A leading...
The "Median PE Ratio and Intrinsic Value" indicator is designed for traders and investors who wish to evaluate the intrinsic value of a stock based on a comparative analysis of Price-to-Earnings (PE) ratios across multiple stocks. This tool not only provides insights into whether a stock is undervalued or overvalued but also allows you to visualize the intrinsic...
The "Smart Money Trap" (SMT) indicator is a powerful tool designed for simultaneous analysis of multiple currency pairs and their correlations. This indicator allows you to effortlessly visualize divergences and correlations between various currency pairs on a single chart, enhancing your ability to perform in-depth technical analysis. Key...
This is to my friends and to my sons to use. What Is the Relative Strength Index (RSI)? The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an...
Stochastic Average Overlay is an advanced technical indicator designed to enhance your trading strategy by combining the power of stochastic averages with multiple smoothing techniques. This overlay indicator provides a comprehensive view of market momentum and potential reversal points, integrating features for both trend analysis and signal generation. Key...
This is a simple sessions indicator that allows you to highlight up to 3 different sessions on your chart. This is intended for charts in any timeframe lower than the Daily timeframe. Really simple, clean, and minimalistic on purpose, intended to help and not clutter the chart. Options/parameters: Sessions: Check and setup beginning and end of the sessions....
This script shows multiple Risk to Reward levels so you can track your trade progress. E.g 1:5 RR drawn with the long position drawing Attaching the script to the chart and inputting entry, stop and RR levels you're aiming for, would show you 1:1RR, 1:2RR, 1:3RR, 1:4RR.
The Pine Script indicator "Winning and Losing Streaks" tracks and visualizes the length of consecutive winning and losing streaks in a financial series, such as stock prices. Here’s a detailed description of the indicator, including the relevance of statistical analysis and streak tracking. Indicator Description The "Winning and Losing Streaks" indicator in Pine...
The Strength/Weakness Indicator is a customisable tool designed to help traders identify key areas of market strength and weakness based on the 50% Fibonacci retracement level . █ Underlying Concept: The concept behind this indicator draws heavily on the principles of Fibonacci retracement and WD Gann’s market theories , particularly the importance of...