Bullish & Bearish Trends with 200 SMA Indicator
Introduction:
Welcome to the Bullish & Bearish Trends indicator powered by a 200-period Simple Moving Average (SMA). This indicator helps traders identify potential bullish and bearish trends based on the relationship between the price and the SMA.
Script Description:
Overview:
This Pine Script indicator plots...
Certainly! Here's a user guide for the provided Pine Script code:
User Guide: 1800 Candle Highlight Indicator
Overview:
The "1800 Candle Highlight" indicator is designed to visually emphasize the 18:00 (6:00 PM) candle on the chart, providing clarity on its open and close prices, and highlighting its timeframe with a distinctive color.
Key Features:
Candle...
Doji Patterns will be found based on 3 conditions -
Check if Open-close difference is a certain percentage of High-low difference
Check Upper & Lower wick sizes are greater than respective min threshold values
Check if the difference of Upper & Lower wick size is higher than the min threshold value
The threshold values are predetermined based on the...
Description:
The "Previous and Premarket High/Low" indicator is designed to help traders identify key levels during the premarket, postmarket, and regular trading sessions. It highlights the highest and lowest prices during the premarket session and the previous trading day, providing critical levels for intraday trading strategies.
Features:
Customizable...
//@version=5
indicator("9:15 Strategy", overlay=true)
var float firstCandleHigh = na
var float firstCandleLow = na
var bool callEntry = false
var bool putEntry = false
// Reset variables at the start of a new day
if (ta.change(time("D")))
firstCandleHigh := na
firstCandleLow := na
callEntry := false
putEntry := false
// Identify the first candle...
//@version=5
indicator("Open and Close Label Script__PUBLISH", overlay=true)
// Variables for storing the open price of the 9:30 AM candle and the close price of the previous candle
var float open_930 = na
var float prev_close = na
var float GAP = na
// Line variables
var line line1 = na
var line line2 = na
// Capture the open price of the 9:30 AM candle and the...
This Pine Script indicator calculates and visualizes the price movement for each candlestick on the chart.
- **Calculation**: The price movement for each candle is determined by subtracting the opening price from the closing price.
- **Visualization**: The price movement is plotted as a histogram, with positive values indicating upward movement (green bars)...
Gann counting is a method for identifying swing points,trends, and overall market structure. It simplifies price action by drawing short trend lines that summarize moves.
There's essentially 4 types of bar/candle.
Up bar - Higher high and higher low than previous bar
Down bar - Lower high and lower low than previous bar
Inside bar - Lower high and higher low...
This script visualizes the relative performance of a primary asset against a benchmark composed of three reference assets. Here's how it works:
User Inputs:
- Users specify ticker symbols for three reference assets (default: Platinum, Palladium, Rhodium).
Data Retrieval:
- Fetches closing prices for the primary asset (the one the script is applied to) and...
This indicator displays transitions of candles from red to green and from green to red on a chart, with the ability to set an adjustable percentage threshold. When a candle transitions from red to green and the percentage change exceeds the specified threshold, a red to green transition signal is issued. Similarly, when a candle transitions from green to red and...
Inside Bar Detection:
The function isInsideBar() checks if a bar is an inside bar, meaning its high is lower than the previous bar's high and its low is higher than the previous bar's low.
Inside bars are highlighted with an orange color.
Bearish Candlestick Patterns:
Bearish Engulfing: When the current candlestick's body completely engulfs...
This script implements an Improved CUSUM (Cumulative Sum) Peaks & Troughs with Drift indicator. Here's a breakdown of how it works:
Input Parameters:
cusumThreshold: Threshold value for detecting peaks and troughs.
cusumDrift: Drift value used to adjust the CUSUM calculation.
movingAverageLength: Length of the moving average used as a...
The Volume Indicator provides a visual representation of trading volume, expressed in U.S. dollars, directly on your chart. It multiplies each candle's closing price by its volume to compute the volume in dollar terms, offering a clearer perspective on market activity relative to price movements.
Features:
Volume Calculation: The indicator calculates the volume...
Input Parameters
The script has three input parameters:
· length: an integer input with a default value of 20, likely used for calculating moving averages or other indicators.
· zoneSize: a decimal input with a default value of 1.5, likely used to define the size of the "holding zone".
· entryZone: an integer input with a default value of 50, likely used to...
EMAs
EMAs are typically used to give a view of bullish / bearish momentum. When the shorter EMA (calculated off more recent price action) crosses, or is above, the slower moving EMA (calculated off a longer period of price action), it suggests that the market is in an uptrend. This can be an indication to either go long on said asset, or that it is more...
The "Symbol Correlation" indicator calculates and displays the correlation between the chosen symbol's price and another selected source over a specified period. It also includes a moving average (SMA) of this correlation to provide a smoothed view of the relationship.
Why SMA and Table Display ?
The inclusion of SMA (Simple Moving Average) with adjustable...
![ES1!: Profitable L 1800 Candle Highlight [Beta]](https://s3.tradingview.com/6/6aNYIyvt_mid.png "Profitable L 1800 Candle Highlight [Beta]")
![BTCUSDT: Inside Bar + Bullish and Bearish candlestick [Tarun]](https://s3.tradingview.com/t/Td2iebSA_mid.png "Inside Bar + Bullish and Bearish candlestick [Tarun]")
