Hello All, This is the Trend Reversal System with Support/Resistance levels script. long time ago I published it as closed source but now I upgraded it and and published as open-source with a different name. I hope it would be useful for you all while trading/analyzing. The script has some parts in it: Setup, Count, SR levels, Risk levels & Targets . Now lets...
The "Ultimate Trend Line" indicator, designed for overlay on financial charts, calculates and plots a global trend line. It works by first allowing users to input several parameters such as different lengths for up to 21 groups, a multiplier that defines the deviation from the linear regression line for calculating the upper and lower bands, and a color for the...
The strategy aims to identify a trend line channel with the potential for a false breakout. Here's an explanation of the strategy: The script starts by defining the input parameters. The lookback parameter determines the number of previous bars to consider for detecting the trend lines, and the threshold parameter controls the sensitivity of the trend line...
The Dynamic Trendlines indicator is a useful tool for traders to identify potential support and resistance levels in the market. By analyzing price volatility and drawing trendlines based on high volatility candles, it helps traders visualize key price levels that may influence future price action. This indicator uses the Average True Range (ATR) as a measure of...
🧾 Pivot Trendlines and Breaks A script meant to debut and provide an example usage of the Simple Trendlines library using Pine Script's built-in pivot system. In under 50 lines of code, with inputs, plots, styling, and alerts included we're able to create trendlines with a breakout system. ▶️ How it works Calculating pivot points helps traders identify...
Moving averages come in all shapes and types. The most basic type is the simple moving average which is simply the sum divided by the quantity. Therefore, the simple moving average is the sum of the values divided by their number. In technical analysis, you generally use moving averages to understand the underlying trend and to find trading signals. In the case...
This script trying to detect different lifecycle of stock / Stages. There is mainly 4 stages of stocks. 1) stage 1 - Accumulation = color = aqua 2) stage 2 - Advancing = color = green 3) stage 3 - Distribution = color = yellow 4) stage 4 - Declining = color = red At some point the condition i wrote wont detect any stage.
Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move. A trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of...
A pivot-based breakout indicator that attempts to provide traders with a visual aid for finding breakouts on the RSI. Similar to how we use trendlines on our charts, using them on the Relative Strength Index can also give us a sense of direction in the markets. This script uses its own pivot-based system that checks for real-time swing levels and triggers a new...
this indicator creates the market structure with a little delay but perfectly. each zigzag is always drawn from highest to lowest. It also signals when the market structure is broken. signals fade over time. The table above shows the percentage distance of the price from the last high and the last low. zigzags are painted green when making higher peaks, while...
The Pine Script strategy that plots pivot points and trend lines on a chart. The strategy allows the user to specify the period for calculating pivot points and the number of pivot points to be used for generating trend lines. The user can also specify different colors for the up and down trend lines. The script starts by defining the input parameters for the...
The True Range Adjusted Exponential Moving Average was created by Vitali Apirine (Stocks and Commodities Jan 2023 pgs 22-27) and this is the latest indicator in his EMA variation series. He has been tweaking the traditional EMA formula using various methods and this indicator of course uses the True Range indicator. The way that this indicator works is that it...
IMMEDIATE TREND - VULNERABLE_HUMAN_X This indicator is used to identify the immediate trend in the market. When a Short Term High (STH) is engulfed and closed above, we consider that as a bullish trend. And Similarly, when a Short Term Low (STL) is engulfed and closed below, we consider that as a bullish trend. STH - A candle that is higher than the one...
Automatically plots trendlines based on swing highs/lows on multiple timeframes. This indicator will save you the time required to plot horizontal trendilnes that occur on swing highs and lows where the trend usually changes direction, then delete them and re-draw elsewhere once they are mitigated (i.e. price crossed above/below them and breaks the...
█ This indicator shows an upper and lower band based on price action and ATR (Average True Range) The average true range (ATR) is a market volatility indicator used in technical analysis. █ Usages: The purpose of this indicator is to identify changes in trends and price action. It is mainly used to identify breaking points and trend reversals. But it can also...
Hello All, For long time I have been getting a lot of requests for Support/Resistance Multi Time Frame script. Here ' Support Resistance Channels/Zones Multi Time Frame ' is in your service. This script works if the Higher Time Frame you set is higher than the chart time frame. so the time frame in the options should be higher than the chart time frame. The...
Another indicator for you guys!!! This indicator consists of the 5 key Fibonacci retracement levels, plotted automatically to user input settings. I also have included an auto support/resistance trend line generator. What is a Fibonacci retracement? 'Fibonacci retracement is a method of technical analysis for determining support and resistance levels. It is...
This is a concept that I have been playing with to make a manual trend line that has more then just two connecting dots but that has sequential data connected on every bar between the beginning an the end point that can then be used to determine a break of trend or a bounce. This is added in a few simple steps 1) add the indicator to your chart 2) set the x_1...