This is a simple but effective indicator based on simple volume. What does this indicator for you: Zones are drawn on the basis of volume peaks. It is used for this purpose the closing price to the high or to the low depending on the direction of the candle. How can this be used: With volume peaks one assumes that a movement has reached your end for the time...
What Is Z-Score? Z-score is a statistical measurement that describes a value's relationship to the mean of a group of values. Z-score is measured in terms of standard deviations from the mean. If a Z-score is 0, it indicates that the data point's score is identical to the mean score. A Z-score of 1.0 would indicate a value that is one standard deviation from the...
Library "ZigLib" Calculate the points for ZigZag++. You can use custom data and resolution for your ZigZag++. Sample Usage import DevLucem/ZigLib/1 as ZigZag = ZigZag.zigzag(low, high) bgcolor(direction<0? color.rgb(255, 82, 82, 80): color.rgb(0, 230, 119, 80)) line zz = line.new(z1.time, z1.price, z2.time, z2.price, xloc.bar_time, width=3) if...
This is a strategy intended primarily for algorithmic traders. It's a pseudo-grid bot that uses a dynamic, volume-weighted grid that only updates when the RSI meets certain conditions. It's also a breakout strategy, whereas normal grid bots are not (typical grid bots sell when a higher grid is reached, whereas this strategy sells when a lower grid is breached...
Sessional & Daily Liquidities - Beta: Harnessing the Power of the Institutional Funding Candle (IFC) in Trading Introduction: The Sessional & Daily Liquidities - Beta indicator places the Institutional Funding Candle (IFC) at its core. Within the realm of trading, the IFC stands as a key signal for identifying Points of Interest (POIs) , offering...
Internal Ranges Analysis - IRA - Beta Introduction: Internal Ranges Analysis - IRA - Beta is a cutting-edge technical analysis tool designed to enhance your trading prowess. This beta version introduces three vital concepts: "Liquidity Sweep" , "Single Candle Mitigation Entry" , and "Single Candle Order Block Entry" . These concepts provide traders with...
Structure Mapping v3.0 with Demand & Supply Zones Introduction: Structure Mapping v3.0 with Demand & Supply Zones marks a significant advancement in the realm of technical analysis and trading tools. This latest version of the indicator is designed to offer traders a comprehensive understanding of market structure and key demand and supply zones based on a...
RSI PRECISION v.3 (MACD, StochRSI, SMA Signals) Developed by Giorgos Protonotarios (2021-2023) RSI PRECISION is an alternative to the classic Relative Strength Index (RSI). The indicator aims to enhance the classic RSI and make it more accurate on longer timeframes. Additionally, the indicator works as an advanced signaling machine, offering five different...
An Insight into Structure Mapping and Order Block Identification with Smart Money Concepts Introduction: Structure Mapping & Order Blocks Advanced - Beta serves as a fundamental pillar in the realm of Smart Money Concepts . This indicator adeptly charts the market structure based on a refined version of SMC while identifying Order Blocks. All the concepts...
█ CONCEPTS In modern day strategy optimization there are few options when it comes to optimizing a risk reward ratio. Users frequently need to experiment and go through countless permutations in order to tweak, adjust and find optimal in their data. Therefore we have created the Risk Reward Optimizer. The Risk Reward Optimizer is a technical tool designed to...
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...
This indicator was created for the AMPD program. We teach kids how to trade. The black car represents when the Stochastic RSI is under 5. The yellow car represents when the Stochastic RSI is in between 5 and 95. The red car represents when the Stochastic RSI is above 95. A sell signal is produced when the Stochastic RSI hit 100. A buy signal is produced when the...
This is a tool that is widely used Especially for Overbought and Oversold systems, but I have made some changes in this indicator, How to use it... I have set it as the default setting - RSI Length: 6 (<10 for scalping - 5m-15m) - Overbought: 70 - Oversold: 30 What is unique about this tool? we can see 3 conditions: 1) RSI Overbought / Oversold with Bullish...
The "RVI_HTF" indicator is a tool designed to assist traders in analyzing market trends using the Relative Vigor Index (RVI) across different timeframes. It enables users to customize various aspects of the indicator's appearance and behavior. By monitoring the RVI on different timeframes, tracking its relationship with the moving average, and paying attention to...
t.me Supertrend with RSI OB/OS Arrows Credit: KingForex2022 (ClearTradingMind) Overview: This indicator combines the power of Supertrend and RSI to help traders identify potential trend reversals and overbought/oversold conditions in the market. The Supertrend component highlights the prevailing trend direction, while RSI (Relative Strength...
OVERVIEW | GENEL BAKIŞ ENG: Indicator that detects manipulation candles according to changing market conditions. TR: Değişen piyasa koşullarına göre manipülasyon mumlarını tespit eden gösterge. ENG: IMPORTANT NOTE: This indicator works in BIST Market and only in Future Parities. Example ->> PETKM1! --SASA1! TR: ÖNEMLİ NOT: Bu indikatör BİST Piyasasında...
This Pine Script code is designed to create a custom technical indicator called "Worm" that helps identify trends in the market based on momentum. Let's break down the code and its settings: Indicator Title and Overlay: The indicator is named "Worm (Clean)" and is set to be overlaid on the price chart. Input Settings: The code defines various input settings,...
I present to your attention a calculator for calculating the volume per position. This calculator is tested on cryptocurrency trading and MOEX liquid shares! This calculator is suitable for beginners to make it easier to study trading and not get confused at the very beginning with volume calculations, I also use it for virtual trading, a position is drawn on the...