The Volumatic VIDYA (Variable Index Dynamic Average) indicator is a trend-following tool that calculates and visualizes both the current trend and the corresponding buy and sell pressure within each trend phase. Using the Variable Index Dynamic Average as the core smoothing technique, this indicator also plots volume levels of lows and highs based on market...
The Dynamic Touch Trendlines (DTT) indicator automatically draws and manages trendlines on your chart, helping traders identify key support and resistance levels. What sets the DTT indicator apart from other trendline indicators is its ability to let traders customize the number of touches required to validate a trendline. This flexibility allows you to...
Stochastic Trendlines with Breakouts - Enhanced Version This advanced Stochastic Trendlines with Breakouts script combines several powerful features to provide enhanced breakout detection based on the Stochastic Oscillator and additional confirmation signals. This script is designed to help traders identify key trend reversals, breakout points, and pivot...
Low Volatility Range Breaks The Low Volatility Range Breaks indicator is an advanced technical analysis tool designed to identify periods of low volatility and potential breakout opportunities. By visualizing low volatility ranges as ranges and tracking subsequent price movements, this indicator helps traders spot potential high-probability trade setups. 🔵 KEY...
Jurik Price Bands and Range Box The Jurik Price Bands and Range Box - BigBeluga indicator is an advanced technical analysis tool that combines Jurik Moving Average (JMA) based price bands with a dynamic range box. This versatile indicator is designed to help traders identify trends, potential reversal points, and price ranges over a specified period. 🔵 KEY...
DSL Oscillator BigBeluga The DSL (Discontinued Signal Lines) Oscillator is an advanced technical analysis tool that combines elements of the Relative Strength Index (RSI), Discontinued Signal Lines, and Zero-Lag Exponential Moving Average (ZLEMA). This versatile indicator is designed to help traders identify trend direction, momentum, and potential reversal...
This script, titled "Trend Lines," is designed to detect and plot significant trend lines on a TradingView chart, based on pivot points. It highlights both uptrend and downtrend lines using different colors and allows customization of line styles, including color and thickness. Here's a breakdown of how the script works: Inputs Left Bars (lb) and Right Bars...
Hi all! This indicator plots trendlines. These lines are not plotted as traditional lines, but are instead zones. This is useful if you think that trend lines are more of an area of importance than a line. It does so by finding pivots and connecting two of them if they have not been broken (more about that later) in-between the pivots. These trend zones can be...
Inspired and based on ismailcarlik's Trend Lines, Supports and Resistances. Additions include an overall upgrade to Pinescript v5, changes in the way resistance and support levels are calculated, improved visual queues, and additional customization options. This indicator is meticulously crafted to provide traders with visual tools for identifying trend lines,...
Lin Reg (Linear Regression) Support & Resistance by xxMargaux 💸 This indicator plots three linear regression lines (Lin Reg) on the price chart, providing insights into potential support and resistance levels. It calculates Lin Reg lines based on user-defined lengths and sources. This indicator's settings were initially configured for MNQ1! (E-Mini Nasdaq 100...
RSI Confirm Trend with Williams (W%R) This is the "RSI Confirm Trend with Williams (W%R)" indicator This is a modification of the "RSI Trends" indicator by zzzcrypto123. 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...
The TrendLine Toolkit script introduces an innovating capability by extending the conventional use of trendlines beyond price action to include oscillators and other technical indicators. This tool allows traders to automatically detect and display trendlines on any TradingView built-in oscillator or community-built script, offering a versatile approach to trend...
🔵 Introduction The "Zig Zag" indicator is an analytical tool that emerges from pricing changes. Essentially, it connects consecutive high and low points in an oscillatory manner. This method helps decipher price changes and can also be useful in identifying traditional patterns. By sifting through partial price changes, "Zig Zag" can effectively pinpoint...
This Pine script indicator is designed to create a visual representation of the percent rank for multiple financial instruments. Here's a breakdown of its key features: Percent Rank Calculation: The core functionality of this Pine script indicator revolves around the calculation of the percent rank for each selected financial instrument. The percent rank is...
The provided Pine Script™ code is for a technical analysis indicator called "Price Sextant." This indicator helps visualize the price position relative to its linear regression and standard deviation levels. Here's a brief description: Price Sextant Indicator: Purpose: The Price Sextant indicator aims to show the current price's deviation from the...
Trendline Scythes is a script designed to automatically detect and draw special curved trendlines, resembling scythes or blades, based on pivotal points in price action. These trendlines adapt to the volatility of the market, providing a unique perspective on trend dynamics. 🔲 Methodology Traditional trendlines connect consecutive pivot points on a price...
Our new "Trend Lines" indicator detects and highlights relevant trendlines on the user chart while keeping it free of as much clutter as possible. The indicator is thought for real-time usage and includes several filters as well as the ability to estimate trendline angles. 🔶 USAGE Trendlines can act as support/resistance, with a higher number of tests...
Trend lines have always been a key indicator that may help predict many different types of price movements. They have been well known to create different types of formations such as: Pennants, Channels, Flags and Wedges. The type of formation they create is based on how the formation was created and the angle it was created. For instance, if there was a strong...