The main function of this indicator is to make it easy to identify several smart money concepts (SMC) and ICT practices by using a single indicator. The functions themselves are not my original content, but rather a collection of several scripts with some tweaking, combined into a single indicator. Main functions: - Provides the ability to set bar color for...
█ OVERVIEW This indicator simply plots upper candle trends and should be used in conjunction with my Lower Candle Trends indicator as a visual aid to my Upper and Lower Candle Trend Counter indicator. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is...
█ OVERVIEW This indicator simply plots lower candle trends and should be used in conjunction with my Upper Candle Trends indicator as a visual aid to my Upper and Lower Candle Trend Counter indicator. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is...
█ OVERVIEW This indicator counts the number of confirmed upper and lower candle trend scenarios on any given candlestick chart and displays the statistics in a table, which can be repositioned and resized at the user's discretion. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it...
Description of the "Imbalance Indicator": The Imbalance Indicator is a technical analysis tool designed to visualize the imbalance between two adjacent candlesticks on a price chart by drawing rectangles. It helps to identify the dominance of buyers or sellers during impulsive price movements within an upward or downward trend. Here's how the indicator works:...
Oliver Velez is a well-known trader and educator who has developed multiple trading strategies. One of them is the 20-200sma strategy, which is a basic moving average crossover strategy. The strategy involves using two simple moving averages (SMAs) - a short-term SMA with a period of 20 and a long-term SMA with a period of 200 - on a 2-minute timeframe...
█ OVERVIEW This indicator counts the number of confirmed candle trend scenarios on any given candlestick chart and displays the statistics in a table, which can be repositioned and resized at the user's discretion. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a high price equal to or above the price it opened. • A red...
Ectopic Bar is an indicator that highlights a pin-bar candle that has divergence in it's shape and volume delta. To find volume delta, code of standard Up/Down volume indicator has been used. PIN BAR : pin bar are marked by using Close Range option parameter. Default value is set to 0.35 which implies any candle that closes in the 35% of its high/low will be...
In India Weekly options expire on Thursday and that creates a different price action candle than the week timeframe. My previous script Weekly Options Expiry Candle has some limitations. This script overcame those limitations and added some features. You can use this in any intraday time frame candle. It will show: All expiry candle in box format Expiry...
The Multi-Timeframe (MTF) Candle Tool is a powerful indicator designed for traders who wish to analyze standard candle bars and Heikin Ashi candles of multiple timeframes simultaneously. This tool is ideal for traders who prefer to trade in higher timeframes while keeping a close eye on the lower timeframes for confirmation signals. The indicator works by...
HHLL AND Liquidity Levels Description: This indicator shows hidden support and resistance levels and liquidity levels. The indicator allows traders to select source data from open/close or the high and low. The indicator also allows for appearance customization. How can Higher highs and Lower lows and liquidity levels benefit traders? HHLL refers to a...
Reused some functions from (i believe made by): ©paaax: The table position function. @QuantNomad: The function calculated value and array screener for 40+ instruments . How it uses: Gives signal when the cloud is bunching with ratio smaller than the set ratio and the close price breaking out the cloud. Track 40 different symbols, on any timeframe...
This code is a Pine script for TradingView that plots a vertical line on the chart n bars away from the current candle on the current time frame. The number of bars and line color can be customized by the user using input fields. The script calculates the highest and lowest price on the chart for the past n bars, and then draws a vertical line at the target bar...
This bot is SIMPLY to trigger an external webhook. You simply enter you take profit, entry, and stop loss %, and it will auto-populate the variables listed to the calculated values. That is all this script does. It does draw the trade on the chart for you. If you want a long, and price crosses up over you entry it will trigger the webhook. If you want a short and...
TENKAN SCALP is a fully automatic trading system. It is a continuation of our previous ichimoku release. This time however we throw out the rule book and use ICHIMOKU in a very different way. It applies non traditional money management tactics. While most trading strategies rely on a stop loss and a take profit target to manage risk. This strategy uses either...
Target: The SumInd indicator combines Heiking Ashi, Sar Parabolic, Koncord, RSI, DMI, MACD and Bollinger Bands to give buy or sell signals or trends. This are called base indicators. The goal is to have a clear and quick buy or sell suggestion and to avoid evaluating all or some of the named indicators, especially if they give contradictory signals among them....
Alright, let's talk about how to use this fancy indicator. But first, let me warn you, using indicators is like driving a car, you can't just press the gas pedal and hope for the best. You need to know what you're doing, or else you'll crash and burn faster than a soufflé in a microwave. Now, let's get started. The first thing you need to do is understand what...
New Week Opening Gap (NWOG) and New Day Opening Gap (NDOG) are areas on the chart where price tend to react to and has the potential of moving from one gap to the next. These gaps can act as support and resistance zones where price can bounce of, or go through and retest. Areas of interest are the high, low, the Consequent Encroachment (C.E.), which is the middle...