This is an attempt to develop alternative visualisation of financial charts. This script also makes use of new pine feature types which represents User Defined Object Types. You can refer to below documentation to understand more about this feature: www.tradingview.com www.tradingview.com 🎲 Structure of new chart components 🎯Instead of candles/bars,...
— Overview While net volume is useful information, it can be a blunt data point. Volume composition breaks down the content of volume, allowing a more detailed look inside each volume node. Volume composition consists of the following information: Total volume (buy and sell). By default gray node. Dominating volume (buy or sell). By default dark green/dark red...
Timing when day trading can be everything In Stock markets typically more volatility (or price activity) occurs at market opening and closings When it comes to Forex (foreign exchange market), the world’s most traded market, unlike other financial markets, there is no centralized marketplace, currencies trade over the counter in whatever market is open...
— Overview Like traditional candles, session based candles are a visualization of open, high, low and close values, but based on session time periods instead of typical timeframes such as daily or weekly. Session candles are formed by fetching price at session start (open), highest price during session (high), lowest price during session (low) and price at...
This script draws vertical lines to mark Economic Calendar Events. Datetime of events is defined by user in Settings via a standardized line of text. Motivation for coding this script: All traders should be aware of economic calendar events. At times, when you really need to pay attention to an upcoming major event, you might even decide to use the...
█ OVERVIEW WaveTrend 3D (WT3D) is a novel implementation of the famous WaveTrend (WT) indicator and has been completely redesigned from the ground up to address some of the inherent shortcomings associated with the traditional WT algorithm. █ BACKGROUND The WaveTrend (WT) indicator has become a widely popular tool for traders in recent years. WT was first...
Still experimental. Extending further on the divergence backtest results - in this script we try to project next 2 pivots (including one unconfirmed pivot) 🎲 Previous experiments 1. Divergence-Backtester 2. Divergence-Backtester-V2 🎲 Additions Apart from collecting the stats on number of occurrences of HH, HL, LH, LL - this script also keeps track of...
Depicts demand-flow between Equities, Bonds and Currencies of 6 countries. Useful in tracking the flow of smart money and checking the dynamics of inter-connected markets. Principle: DXY lies at the heart of the diagram with usd-currency pairs of 5 countries connected to it. When demand for a currency increases it strengthens against Dollar. This is depicted by...
Hello! This script serves to distinguish volume delta for any asset and open interest delta for Binance perpetual futures. The image above provides further explanation of functionality and color correspondence. The image above shows the indicator calculating volume at each tick level and displaying the metric. The label color outline (neon effect) is...
The Minervini Qualifier indicator calculates the qualifying conditions from Mark Minervini’s book “Trade like a Stock Market Wizard”. The condition matching is been shown as fill color inside an SMA 20day envelope curve. If the envelope color is red, current close price is below the SMA20 and when blue, current close price is above the SMA20. The fill color can...
What are TPOC & VPOC? TPOC (time point of control) and VPOC (volume point of control) are points in price where highest amount of time/volume was traded. This is considered key information in a market profile, as it shows where market participant interest was highest. Unlike full fledged market profile that shows total time/volume distribution, this script shows...
This script allows you to keep track of Forex market sessions (Tokyo, London and New York), as well as Daily, Weekly and Monthly sessions. All of them are accompanied by Volume Profile options where you can view VP Histogram, Point of Control, Value Area High and Value Area Low. Colors, lines and other design preferences are fully customizable. * Volume Profile...
This indicator is "Interactive" which means some inputs can are manually added through the first click after adding the indicator to the chart (ATR Trailing Stop-loss start point). See images below for more explanation. Why use a trailing stop-loss? A trailing stop-loss provides an exit when price moves against you but also enables you to move the exit point...
Using moving average crossover for identifying the change in trend is very common. However, this method can give lots of false signals during the ranging markets. In this algorithm, we try to find the extreme trend by looking at fully aligned multi-level moving averages and only look at moving average crossover when market is in the extreme trend - either bullish...
█ OVERVIEW This indicator uses an on-chart visual framework to help traders with the interpretation of any oscillator's behavior. The advantage of using this tool is that you do not need to know all the ins and outs of a particular oscillator such as RSI, CCI, Stochastic, etc. Your choice of oscillator and settings in this indicator will change its visuals,...
Average Volume Profile is an abstract based on a user suggestion. The information displayed could be summed up as a volume profile divided by a market profile. This indicator is a profile which displays the average volume of an area (of price). It also calculates and displays the highest average volume point (HAV) and the relating value zones (calculated in the...
This script is attempt to create and observe the real-time and historical performance of the all major sectors of Indian Market in one screen. for Data Presentation I used Short sector names so that I can manage to get space and efficient presentable data. Short Names and Actual Sector Names BNF : CNX-BANKNIFTY IT : CNX-IT PRMA : CNX - PHARMA FMCG :...
Another ZigZag, yes... I believe though this concerns another angle/principle, therefore I wanted to share How does it work? Given: source for level breach -> close X breaches -> 3 Let's say this is the latest found 'lower low' (LL - blue dot under bar): This bar has been triggered because 3 bars closed under low...