This code is an indicator that calculates and plots the high and low of the first candle of the day, along with parallel lines. The purpose of the indicator is to help traders identify potential support and resistance levels for the day. The code checks if a new day has started and, if so, calculates the high and low of the first candle of the day. It then plots...
I reused some functions, made by (i believe that): @paaax: The table position function. @everget: The RSI divergence function. @QuantNomad: The function calculated value and array to show on table for input symbols. @ChaosTrader: The function calculated value TDMACD. ----- What to do? MACD divergence signal. The crossing of MACD and Signal line. ...
This unique script identifies choppy market conditions and highlights them on the chart. In addition, it provides entry and take profit signals based on the Chandelier Exit trading strategy. By combining these features, the script helps traders make better decisions by recognizing choppy markets and providing clear entry and exit points. How to use the...
🎲 Session Filter: A Customisable Trading Indicator for Defining Preferred Trade Sessions Session Filter is a simple trading indicator that enables traders to define their preferred trading sessions and optimise their approach based on individual preferences. By providing a range of flexible customisation options, Session Filter can help traders reduce risk,...
"ChArt Path" shows the same datas as the candles, but as a channel, instead of individual candles. It allows to focus on the direction of the price (instead of wondering the meaning of each candle), which hopefully simplifies the analysis, and reduces the confusion. Also, it is artistically customizable! A little time might be necessary to get used to this...
OBV (On-Balance Volume) is a technical indicator that measures the momentum of buying and selling pressure in a market based on the volume of trades. It uses a cumulative total of volume traded during periods of price increases and decreases to determine the overall trend. When prices rise, OBV increases, and when prices fall, OBV decreases. The enhanced version...
This indicator is a must-have for every trader as it provides a practical tool to quickly evaluate the current price of a security. Designed specifically for manual trading, this indicator is based on "The Forbidden RSI " indicator and provides an easy way to identify overbought and oversold conditions in the market. By using this indicator, traders can make...
This original script was created based on a suggestion from @kerpiciwuasile. My original Reversal Points script was removed because I modeled it after an indicator by Demark, but this script will have no such issues. Reversal points are an exciting concept for me because it is such a useful tool when placing trades. This is my first attempt at a new overall layout...
In the world of trading, it's essential to stay ahead of the curve and adapt to the ever-changing market conditions. One of the key aspects of successful trading is using the right tools to analyze and predict market trends. Traditional moving averages, such as the exponential moving average (EMA), have been a staple of technical analysis for decades. However, the...
█ OVERVIEW This indicator automatically draws bearish cypher harmonic patterns and price projections derived from the ranges that constitute the patterns. █ 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 one that closes with a close price that is lower...
█ OVERVIEW This indicator automatically draws bullish cypher harmonic patterns and price projections derived from the ranges that constitute the patterns. █ 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 one that closes with a close price that is lower...
█ OVERVIEW This indicator automatically draws bearish deep crab harmonic patterns and price projections derived from the ranges that constitute the patterns. █ 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 one that closes with a close price that is lower...
█ OVERVIEW This indicator automatically draws bullish deep crab harmonic patterns and price projections derived from the ranges that constitute the patterns. █ 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 one that closes with a close price that is lower...
█ OVERVIEW This indicator automatically draws bearish alternate bat harmonic patterns and price projections derived from the ranges that constitute the patterns. █ 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 one that closes with a close price that...
This trading indicator on TradingView combines the Relative Strength Index (RSI) and Stochastic RSI, with a Donchian Channel applied to RSI to detect whether it is making new highs or lows. Additionally, it includes a function to detect a possible reversal candle during oversold/overbought conditions. The RSI component of the indicator is configurable with inputs...
█ OVERVIEW This indicator automatically draws bullish alternate bat harmonic patterns and price projections derived from the ranges that constitute the patterns. █ 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 one that closes with a close price that...
Absolutno is a pine script strategy for backtesting DCA bots with a different approach for placing both safety orders and take profit levels. Motivation Using DCA bots with safety orders most of the time is great during bull markets but in bear markets and strong downtrends it can be really challenging to close your deals only relying on safety orders placed...
The all-new Support & Resistance Zones indicator, which has been upgraded to offer traders more powerful features and functionality. This innovative indicator identifies high-volume fractal lows or highs to create zones based on the size of the wick for that timeframe's candle. This makes it easy for traders to visualize which price levels are the most...