The Candle Body Support/Resistance indicator is a tool that provides Support/Resistance levels from high-volatility candles, a concept originally described by Steve Nison in "Beyond Candlesticks". Users can define the candle body percentage used to set the detected support/resistance levels. Occurrences of price testing the returned levels are highlighted...
This is a trend-following approach that uses a modified version of Heiken Ashi candles with additional smoothing. Here are the key components and features: 1. Heiken Ashi Modification: The strategy starts by calculating Heiken Ashi candles, which are known for better trend visualization. However, it modifies the traditional Heiken Ashi by using Exponential Moving...
The Coins Trend Tracker HT script provides a powerful tool for monitoring and comparing the trend signals of multiple cryptocurrencies based on their Exponential Moving Averages (EMAs). This script is particularly useful for traders who want to keep track of multiple coins across different timeframes and identify potential trading opportunities based on EMA...
🔵 Introduction Order Block and Breaker Block, are powerful tools in technical analysis. By understanding these concepts, traders can enhance their ability to predict potential price reversals and continuations, leading to more effective trading strategies. Using historical price action, volume analysis, and candlestick patterns, traders can identify key areas...
SPIRAL LEVELS ⯁ OVERVIEW The Spiral Levels [ ChartPrime ] indicator, designed for use on TradingView and developed with Pine Script™ , leveraging a combination of traditional pivot points and spiral geometry to visualize support and resistance levels on the chart. By plotting spirals from pivot points, the indicator provides a distinctive perspective on...
Lines of Chaos Indicator This script is designed to provide traders with ATR (Average True Range) and ADR (Average Daily Range) support and resistance levels. How it Works: Support and Resistance Lines: The script plots ATR/ADR-based support and resistance lines based on a moving average of the last ATR/ADR Length days, the previous day's close, and...
The weekly opening range ( high to low ) is calculated from the open of the market on Sunday (1800 EST) till the opening of the Bond Market on Monday morning (0800 EST). This is the first and most crucial range for the trading week. As ICT has taught, price is moving through an algorithm and as such is fractal; because price is fractal, the opening range can...
Overview As an Ichimoku trader, I've always found it crucial to understand the broader market sentiment before entering trades. That's why I developed this Macro Risk On/Off Sentiment Indicator. It's designed to provide a comprehensive view of global market risk sentiment by analysing multiple factors across different asset classes. By combining nine key market...
The Strength Measurement -HT indicator is a tool designed to measure the strength and trend of a security using the Average Directional Index (ADX) across multiple time frames. This script averages the ADX values from five different time frames to provide a comprehensive view of the trend's strength, helping traders make more informed decisions. Key Features:...
This script explains how 'MACD' along with Avg of Simple Moving Averages can be used to catch trend. Simple Moving Average (MA):- A simple moving average (SMA) is used in technical analysis, used to help smooth out price data by creating a constantly updated average price. A rising moving average indicates that the security is in an uptrend, while a declining...
ATR/ADR Support and Resistance Levels Indicator This script is designed to provide traders with precise ATR (Average True Range) and ADR (Average Daily Range) support and resistance levels. It can be effectively used to identify price breakouts or rejections near these critical lines and assist in confirming trend retests. How It Works: Support and...
🌟 Introducing the Visible Range Support and Resistance 🌟 Discover key support and resistance levels with the innovative "Visible Range Support and Resistance" indicator by AlgoAlpha! 🚀📈 This advanced tool dynamically identifies significant price zones based on the visible range of your chart, providing traders with crucial insights for making informed...
Description Strategy Name and Purpose FVG Positioning Average with 200EMA Auto Trading This strategy uses Fair Value Gaps (FVG) combined with a 200-period Exponential Moving Average (EMA) and Average True Range (ATR) to generate trend-based trading signals. It is designed to help traders identify high-probability entry points by leveraging the gaps between fair...
This indicator offers a straightforward yet effective way to analyze and compare the performance of various sectors within the market. By normalizing and plotting sector-specific data as lines on the chart, it enables users to quickly assess sector rotations, relative strength, and potential shifts in market dynamics. The sector labels further enhance usability by...
The "Fibonacci Warzone Boxes" is a unique trading indicator that leverages the power of Fibonacci retracement levels to identify critical support and resistance zones. Designed for both seasoned traders and novices, this tool dynamically calculates the 38.2% and 61.8% retracement levels from the highest and lowest prices within a user-defined lookback period and...
The Symbolik Sequential indicator aims to identify potential trend exhaustion points and trend reversals in the market. It consists of two main components: Setup and Countdown. Setup: A bullish setup occurs when there are 9 consecutive closes lower than the close 4 bars earlier. A bearish setup occurs when there are 9 consecutive closes higher than the close 4...
This script identifies dynamic support and resistance levels based on volume and price action analysis. It uses a unique algorithm that combines volume force calculations with pivot points to determine key levels where price is likely to react. Originality and Usefulness : Innovative Volume Force Calculation : The script calculates upforce and downforce based...
The RSI Trail indicator is a technical analysis tool designed to assist traders in making informed decisions by utilizing the Relative Strength Index (RSI) and various moving average calculations. This indicator dynamically plots support and resistance levels based on RSI values, providing visual cues for potential bullish and bearish signals. The inclusion of a...