Description: The Histogram Momentum Shaded Candles indicator (HMSC) is a powerful technical analysis tool that combines the concepts of the MACD (Moving Average Convergence Divergence) indicator and shaded candlestick visualization. It provides insights into momentum and trend strength by representing the MACD histogram as shaded candles on the chart. How it...
By analyzing the MACD (Moving Average Convergence Divergence) and Squeeze Momentum indicators, this indicator helps identify potential bullish, bearish, or undecided market conditions. The algorithm within considers the positions of the MACD and Squeeze Momentum indicators to determine the overall market sentiment. When the indicators align and indicate a bullish...
█ OVERVIEW This script implements the stochastic distance oscillator (SDO) , a momentum indicator introduced by Vitali Apirine in an article featured in TASC's June 2023 edition of Traders' Tips . The SDO is a variation of the classic stochastic oscillator and is designed to identify overbought and oversold levels, as well as detect bull and bear trend...
Fellow Merval investors/traders , I'm sharing this script with you that allows you to calculate a breadth indicator using the components of the Merval Index (IMV) from Argentina. This breadth indicator shows the percentage of stocks that are above a moving average. In this case, you can choose between an EMA or SMA, and you can select the period of the moving...
Description: The 5m Candle Overlay indicator is a powerful technical analysis tool designed to overlay 5-minute candles onto your chart. This indicator enables detailed analysis of price action within the 5-minute time frame, providing valuable insights into short-term market movements. How it Works: The 5m Candle Overlay indicator calculates the OHLC (Open,...
This indicator highlights the Overnightsession (ONS), taught by TheCurrenyMerchant. The Overnightsession is from 4-8 am UTC-5. This session can be used to form trades, e.g. after one side has been taken out. It has the options to display Projection and the equilibrium level. Equilibrium level (50%) can be used to identify if price is currently in premium/discount...
First, the credit for the original script to plot a High and Low between a certain time goes to developer paaax. I took that idea, converted it to Pinescript V5, cleaned up the code, and added a few more lines so you can plot different levels based on time of day. Published open source like the original. The example shown has: Blue - plotting from the start of...
This script is designed to help you analyze price movements in the financial markets by calculating the Average Daily Range (ADR), adjusting it based on exponentiality and generating price targets based on that range. The ADR represents the average range between the highest and lowest prices of a trading instrument during a specific period. It gives you an idea...
This is an RSI dashboard, which allows you to see the current RSI value for five timeframes across up to 8 tickers of your choice. This is a useful tool to gauge momentum across multiple timeframes, where you would look to enter a buy with high RSI values across the timeframes (and vice versa for sell positions). Conversely, some traders use RSI to identify...
█ OVERVIEW I changed the design of the classic indicator "Donchian Channels", for easy reading. █ CONCEPTS Donchian Channels is an indicator made up of upper and lower bands around a mid-band or Basis. The upper band marks the highest price of a security for N periods, while the lower band marks the lowest price of a security for N periods. The area between the...
We created a small script that will allow you to have a quick look into static SL/PT to choose from. This might save you time, replacing the manual search for optimal SL/PT. We're checking signals of the strategy and computing its performance with a grid of SL/PT selected. We used SuperTrend signals in this example, but it will be straightforward to integrate...
Predicting tops and bottoms in any market is a challenging task, and the Bitcoin market is no exception. Many traders and analysts use a combination of various indicators and models to help them make educated guesses about where the market might be heading. One such metric that can provide valuable insights is the Bitcoin cost per transaction indicator. Here's...
The Advanced Trend Detection Strategy is a sophisticated trading algorithm based on the indicator "Percent Levels From Previous Close". This strategy is based on calculating the Pearson's correlation coefficient of logarithmic-scale linear regression channels across a range of lengths from 50 to 1000. It then selects the highest value to determine the length for...
Always check the previous candle before you enter a trade. If the previous candle is colored in yellow then there's a higher probability. Do not enter if the signal candle body size is too small compared to the previous one.
Indicator of trading sessions: Indicator created to track the opening of trading sessions: Asia, Frankfurt, London, New York. Tracking the opening of these key levels - Day Opening (DO), Week Opening (WO), Month Opening (MO). - New York (NYM) openings display. - Highs and lows of the previous day (PDH/PDL). - Day of the week display. - Formation...
█ ARRAY BROWSER Add you arrays to the array browser window and scroll them away left and right. Flexible formatting options (see below). Many thanks to @kaigouthro for his beautiful matrixautotable library. (import kaigouthro/matrixautotable/14) How to use Copy the "ARRAY BROWSER" commented code section below to your script and uncomment. See DEMO...
This indicator called " Binary Option 1 Minute" is designed to trade binary options on 1-minute time frames. It is based on two moving averages and a crossover signal. The moving averages used are calculated from the average prices of the last time periods. The first moving average is calculated with a shorter period, while the second is calculated with a longer...
This library provides a JavaScript-style debug console to Pine Coders. It supports the most commonly used utilities from the WHATWG Console Standard including the following: • console.log • console.debug • console.info • console.warn • console.error • console.assert • console.count • console.countReset • console.group • console.groupEnd •...