Overview The Zero Lag Exponential Moving Average (ZLEMA) ForLoop indicator is designed for traders seeking a responsive and adaptive tool to identify trend changes. By leveraging a range of lengths and different moving average (MA) types, this indicator helps smooth out price data and provides timely signals for market entry and exit. User Inputs Start...
■About this indicator This indicator divides the selected stocks by any stocks you specify and plots the result in a new pane. At the same time, it plots the GMMA against the result of the division. This allows you to see the relative chart and trend of the selected stock and the arbitrary stock. Quote Symbol: Specify the denominator of the division. The default...
The Funding Rate Indicator by is a comprehensive tool designed to analyze funding rates across multiple cryptocurrency exchanges. This indicator is essential for traders who want to monitor funding rates and their impact on market trends. Key Features Exchange Coverage: Includes data from major exchanges such as Binance, Bitmex, Bybit, HTX, Kraken, OKX,...
Engulf Scan Introduction: The Engulf Scan indicator helps users identify bullish and bearish engulfing candlestick patterns on their charts. These patterns are often used as signals for trend reversals and are important indicators for traders. Engulf Scan signals are generated when an engulfing pattern is swallowed by another candlestick of the opposite...
Overview: This script combines multiple indicators to provide a comprehensive analysis of both trend strength and trend momentum. It is tailored specifically for pairs trading strategies but can also be used for other trading strategies. Benefit of Comprehensive Analysis: Having an indicator that evaluates both trend strength and trend momentum is crucial for...
### Weekday Signal Indicator #### Overview The "Weekday Signal " indicator offers a method for triggering entry and exit signals based on specific weekdays and defined trading sessions. This allows traders to tailor their strategies to time slots and days, ensuring strategic execution and optimal trading periods. Additionally, this indicator exposes signals...
D9 Indicator Category Technical Indicators Overview The D9 Indicator is designed to identify potential trend reversals by counting the number of consecutive closes that are higher or lower than the close four bars earlier. This indicator highlights key moments in the price action where a trend might be exhausting and potentially reversing, providing valuable...
Energy Script Indicator Description of Indicator The Energy Script Indicator calculates the market's energy using the formula `Energy = Price * sqrt(Volume)`; providing insight into market activity by combining price movement and volume. This indicator is designed to help traders identify potential reversals and continuation points based on energy levels....
The Advanced Stochastic Indicator is a sophisticated tool designed to enhance market analysis through detailed stochastic calculations. This tool is built for traders who seek to identify market divergences and pivot points with higher accuracy. Key Features Multi-Layer Stochastic Analysis: Tracks both standard and smoothed stochastic values to provide a...
Dynamic Support & Resistance Tracker with Weekly, Monthly & Daily Levels The Dynamic Support & Resistance Tracker is designed to help traders identify key support and resistance levels across multiple timeframes, enhancing market analysis and decision-making. This indicator calculates and plots support and resistance levels for daily, weekly, and monthly periods,...
This script was written to make it easier to discover three bar reversal patterns. A three bar reversal occurs when these conditions are met: Long Setup (Reversal Up) 1. Bar 1 closes down 2. Low of Bar 2 is below the low of Bar 1 and Bar 3 3. Bar 3 closes above the high of both Bar 1 and Bar 2 Short Setup (Reversal Down) 1. Bar 1 closes up 2. High of Bar 2 is...
### EMA Trend Arrows Indicator **Description:** The "EMA Trend Arrows Indicator" is designed to help traders identify bullish and bearish trends based on the Exponential Moving Average (EMA). This indicator plots arrows and lines on the chart, signaling potential trend changes, making it easier for users to spot entry and exit points in their...
The "VWAP Bands " indicator is designed to provide traders with valuable insights into market trends and potential support/resistance levels using Volume Weighted Average Price (VWAP) bands. This indicator integrates the core concepts of VWAP with additional trend analysis features, making it a versatile tool for both range trading and trend-following...
This indicator identifies days where the number of new 52-week lows for all issues exceeds a user-defined threshold (default 4%), potentially signaling a market downturn. The background of the chart turns red on such days, providing a visual alert to traders following the "Bloodbath Sidestepping" strategy. Based on: "THE RIPPLE EFFECT OF DAILY NEW LOWS," By Ralph...
How this indicator works : 1. Setup and Inputs: The script sets up user inputs for various parameters such as pivot period (prd), pivot source (ppsrc), maximum channel width (ChannelW), maximum number of support/resistance levels (maxnumsr), minimum strength (min_strength), label location (labelloc), line style (linestyle), and line width (linewidth).Colors for...
The "Nasan Moving Average with Forecast" indicator is a technical analysis forecasting tool that combines the principles of historical data analysis and random walk theory. It calculates a customized moving average (Nasan Moving Average) by integrating price data and statistical measures and projects future price points by generating forecast values within...
Description: The Color Hull Moving Average (CHMA) is a technical indicator designed to smooth and remove lag from traditional moving averages, making it more responsive to price movements. This indicator automatically adjusts the color of the moving average to green when it is rising and red when it is falling, helping to identify trends in a more visual and...
An oscillator which de-trends the Relative Strength Index. Rather, it takes a moving average of RSI and plots it's standard deviation from the MA, similar to a Bollinger %B oscillator. This seams to highlight short term peaks and troughs, Indicating oversold and overbought conditions respectively. It is intended to be used with a Dollar Cost Averaging strategy,...