The indicator, named "ABC Pattern," is designed to identify specific bullish and bearish patterns on a price chart. Here's a simple explanation of what it does: What the Indicator Does: 1. Identifies Bullish Patterns: - The indicator looks for a sequence of candles where certain conditions are met to form a bullish pattern. - When it detects a bullish...
**Financial Ratios Indicator** This comprehensive Financial Ratios Indicator combines various essential metrics to help traders and investors evaluate the financial health of companies at a glance. The following categories are included: ### Valuation Ratios - **P/B Ratio (Price to Book Ratio)**: Assesses if a stock is undervalued or overvalued by comparing its...
This indicator is a tool that uses market data to plot bands along with a price chart. This tool uses interquartile range (IQR) instead of Standard Deviation (STD) because market returns are not normally distributed. There is also no way to tell if the pocket of the market you are looking at is normally distributed. So using methods that work better with...
Developed by Tim Tillson, the Tilson Moving Average (T3) is a trend indicator with the advantage of having less lag than other ones. That is, a faster moving average. The T3 moving average is an "indicator of an indicator" as it includes several EMAs of another EMA. Unlike other moving averages, the t3 adds the so-called volume factor, a value between 0 and 1....
The EMA Cross Fibonacci Entry with Retracement is a trading strategy that combines two popular technical analysis tools: Exponential Moving Averages (EMAs) and Fibonacci retracement levels. Here's a brief overview of how this strategy typically works: ### Exponential Moving Averages (EMAs) 1. **EMAs Calculation**: EMAs give more weight to recent price data,...
The Session VWAPS indicator is a designed for traders to enhance their trading analysis by incorporating Volume Weighted Average Price (VWAP) anchored to custom-defined trading sessions. This indicator automatically plots VWAPs at three critical points of a user defined session: 🔹session start 🔹session high 🔹session low Additionally, it provides the option...
Kmean with Standard Deviation Channel 1. Description of Kmean Kmean (or K-means) is a popular clustering algorithm used to divide data into K groups based on their similarity. In the context of financial markets, Kmean can be applied to find the average price values over a specific period, allowing the identification of major trends and levels of support and...
The Variable Index Dynamic Average (VIDYA) is a unique and adaptive moving average indicator designed to respond dynamically to market volatility. It adjusts its smoothing factor based on the standard deviation of price changes, making it more responsive during periods of high volatility and smoother during periods of low volatility. This version includes two key...
The Price Action Toolkit Lite is a comprehensive indicator designed to enhance your chart analysis with advanced price action tools. This powerful toolkit combines multiple technical analysis concepts to provide traders with a clear visualization of market structure, liquidity levels, order blocks, and trend lines. By integrating these elements, the indicator...
Overview The Weekly & Daily High/Low Analyzer indicator is designed to analyze the likelihood of achieving the High or Low of the day or week based on user-specified parameters. This tool is ideal for traders who want to identify potential turning points in the market by examining historical data. Features Weekly High/Low Analysis: Available exclusively on...
Detailed Explanation of the "Uptrick: Bullish/Bearish Signal Detector" Script The "Uptrick: Bullish/Bearish Signal Detector" script is a sophisticated tool designed for the TradingView platform, leveraging Pine Script version 5. This script is crafted to enhance traders' ability to identify bullish (buy) and bearish (sell) signals directly on their trading charts....
The FVG Instantaneous Mitigation Signals indicator detects and highlights "instantaneously" mitigated fair value gaps (FVG), that is FVGs that get mitigated one bar after their creation, returning signals upon mitigation. Take profit/stop loss areas, as well as a trailing stop loss are also included to complement the signals. 🔶 USAGE Instantaneous Fair...
█ OVERVIEW This script demonstrates the use of volume data to validate price movements based on the techniques Buff Pelz Dormeier discusses in his "Volume Confirmation For A Trend System" article from the August 2024 edition of TASC's Traders' Tips . It presents a trend-following system implementation that utilizes a combination of three indicators: the Average...
Normalized Relative Strength Line Indicator Overview The "Normalized Relative Strength Line" indicator measures the relative performance of a stock compared to a benchmark index (e.g., NSE ). This indicator helps traders and investors identify whether a stock is outperforming or underperforming the selected benchmark over a specified lookback period. The values...
Moving Average Z-Score Suite 1. What is this indicator The Moving Average Z-Score Suite is a versatile indicator designed to help traders identify and capitalize on market trends by utilizing a variety of moving averages. This indicator transforms selected moving averages into a Z-Score oscillator, providing clear signals for potential buy and sell...
🌏 Trend Forecasting | ENG 🌏 This plug-in acts as a statistical filter, adding new information to your chart that will allow you to quickly verify the direction of a trend and the probability with which the price will be above or below the average in the future, helping you to uncover probable market inefficiencies. 🧠 Model calculation The model calculates the...
# Equal Highs and Lows {Reh's and Rel's} Indicator ## Overview The "Equal Highs and Lows {Reh's and Rel's}" indicator is designed to identify and mark equal highs and lows on a price chart. It detects both exact and relative equal levels, draws lines connecting these levels, and optionally labels them. This tool can help traders identify potential support and...
Brooks 18 Bars Overview: This indicator allows traders to specify a time frame within each trading day and plots lines at the highest and lowest prices recorded during that period. It is particularly useful for identifying key levels of support and resistance within a specified time range. Features: User-Defined Time Frame: Traders can input their...