This indicator gives you the ability to display a heiken ashi candle on top of your regular chart. The period of the candle can be changed. The example above shows the 1W heiken ashi candle on top of the 4h candle.
Speaking on the reason for Bank Nifty hitting record high, Saurabh Jain, AVP — Research at SMC Global Securities said, "Reason for a rally in Bank Nifty can be attributed to three major reasons — hawkish interest rate regime making overseas lending dearer for big corporates in comparison to Indian lenders, rising interest rate expected to improve margins of Indian...
Preface I'd like to send a thank you to @xxattaxx-DisDev. The 'Line' Code, which was the most difficult to plan the Grid Indicator, was solved through the 'Grid Bot Simulator' script of @xxattaxx-DisDev. A brief description of the indicators These indicators are designed for backtesting of grid trading that can be opened on various exchanges. Grid trading...
Library "ExpansionContraction" Library for Expansion Contraction Indicator, a zero-lag dual perspective indicator created by Brian Latta based on Jake Bernstein’s principles of Moving Average Channel system. calc(shortLookback, longLookback) Calculates Expansion Contraction values. Parameters: shortLookback : Integer for the short lookback...
In this version of the script you can force to cancel your position after some amount of time indepedently on price action. For example, your bot open a short position with SL=1% and TP=2.4% but price did not reach any of this level over the course of to say 8 hours. In this case, position will be closed regardless of the price. Other interesting features are...
This indicator aims to find energetic displacements that cover a higher range than a given threshold value. It shows the start of the displacements and all the ends that satisfy the given parameters. It can also be used to alert in case a displacement is found.
=== Musashi-Katana === This tool was designed to fit my particular trading style and personal theories about the "Alchemy of the markets" and ''Harmonic Structure'. Context When following a Technical approach to to surf the markets, there are teachings that must be understood before reaching a confort-zone, this usually happen the possible worst way by constant...
Library "Stringify" Cast variable types and enumerations to human-readable Strings timeframe(string) Cast a timeframe enumeration to readable string. Parameters: string : `T` is a timeframe enumeration ('3D', '120', '15', '5s' ...) Returns: A string representation of the timeframe or 'NA' if `x` is `na`
This script show you the distance between the close price, and EMA in the histogram. Red histogram: close price is under the EMA. Green histogram: close price is above the EMA. Default EMA value: 20.
Plots the MACD directly on Chart. This helps you better understand the MACD indicator and filter the false signals, It is recommended to use it with Macd oscillator 15M Chart: 3D Chart: 4H Chart: 30M Chart with Renko candle: snapshot
Plots two ATR indictors, of different period length, to see crossovers. To be used on daily or longer period bars. When the fast ATR crosses above the slow ATR, momentum strategies tend to work better. When the fast ATR crosses below the slow ATR, mean reversion strategies tend to work better.
This indicator is a part of the script I coded earlier this month. The name is to surprise one of our discord member. I will publish that indicator in a few days as well, but publishing this as a gesture of giving back to the community. Indicator has: 10 Moving Averages Adjustable Color, Opacity and Size etc Shows Labels for each of the MA. Can be shifted...
Rob Booker Reversal Tabs Strategy is an updated version of Rob Bookers Reversal Tab study: Rob Booker Reversal Tabs While the original is a Pinescript study, this version can be switched between strategy and indicator mode. Rob Bookers script generates reversal signal based on MACD and Stochastics, it is not a true reversal system, default pyramiding value is...
Library "EMAFlow" Functions that manipulate a set of 5 MAs created within user-supplied maximum and minimum lengths. The MAs are spaced out (within the range) in a way that approximates how Fibonnaci numbers are spaced. Using MA flow, as opposed to simple crosses of the minimum and maximum lengths, gives more detail, and can result in faster changes and more...
Defining Range DR and Implied Defining Range IDR for regular Session and overnight Session This script is showing the IDR and DR for the regular trading session and for the overnight session based on the rules from the creator of the DR/IDR concept. It works for all major Forex Pairs, BTC, ETH and the US Equity indices. This concept is based on rules and has a...
█ Overview The 1-2-3 pattern is the most basic and important formation in the market. Almost every great market move has started with this formation. That is why you must use this pattern to detect the next big trend. In fact, every trader has used the 1-2-3 formation to detect a trend change without realizing it. Our 1-2-3 Pattern (Expo) indicator helps...
Volume, Cumulative Delta Volume and Open Interest are great indications of strength and sentiment in the market. Until now they have required separate indicators, but this indicator can show them all. With a clean and aesthetic plot, this indicator has the option to choose the data source: - Volume - the total volume of transactions, buys and sells - Up Volume -...
Introduction Heyo guys, I recently checked out some eye-catching trading strategy videos on YT and found one to test. This indicator is based on the video. Usage The recommended timeframe is 5 min. Signals Long Entry => L Label Price crosses above ZLSMA and Chandelier Exit shows Buy Long Exit => green circle Price crosses below ZLSMA Short Entry => S...