Instant RSI is tailored for users seeking an effective RSI indicator for charts with limited historical data, such as new symbols or very high time frame charts. Its distinctiveness lies in employing a Chebyshev filter, an innovative approach that allows the RSI to initiate calculations with just two data points. The Chebyshev filter, traditionally used in signal...
This indicator allows users to create their own arbitrary time frames for chart analysis. It features a moving average, providing an additional layer of analysis, and offers flexibility through various open settings. In terms of user settings and usage, the indicator provides several options. Users can choose their interval style, opting for either tick-based or...
This is a more configurable MACD: Allows various moving averages (EMA, SMA, Hull, WMA) instead of just EMA. Better color coding for MACD line, rising vs. falling Optional Normalised Scale; my pet peeve with standard MACD, that we can't really easily compare it across instruments. Taking a page from the ATR Percent indicator, we allow for normalising the...
PlayBit EMA Indicator Introducing the PlayBit EMA, a highly esteemed technical analysis tool within the PlayBit Community and a personal favorite of Bitcoin Playboy. This indicator has cemented its place as a staple among traders for its simplicity and effectiveness. Key Features: PB EMA: Utilizes two Exponential Moving Averages (EMAs) to identify support and...
The CARNAC Elasticity Indicator (EI) is a technical analysis tool designed for traders and investors using TradingView. It calculates the percentage deviation of the current price from an Exponential Moving Average (EMA) and helps traders identify potential overbought and oversold conditions in a financial instrument. Key Features: EMA Length: Users can...
Sigmoidal Candle Count Risk (SCCR) This indicator is designed to identify potential reversal levels based on the number of consecutive candles moving in the same direction. Its core premise is based on the sequence of consecutive candles moving in uniform. The assumption is that an increasing sequence of consecutive candles heightens the likelihood of a...
This indicator aims to be complimentary to SPDR Tracker , but I've adjusted the name as I've been able to utilize the "INDEX" data provider to support essentially every US market. This is a breadth market internal indicator that allows quick review of strength given the 5, 20, 50, 100, 150 and 200 simple moving averages. Each can be toggled to build whatever...
The "Mean Reversion with Incremental Entry Alerts" is a sophisticated TradingView indicator designed by HedgerLabs. It's built on the concept of mean reversion, a fundamental trading strategy in financial markets. This indicator is tailored for traders seeking systematic and disciplined entry points in volatile markets. Key Features: Moving Average (MA) Based:...
A less conventional way of utilizing the "Williams Alligator," the Optimized Rate uses the rate of change of the averages within the Alligator in order to potentially forecast with greater accuracy. The true optimization comes from the calculation of the "McGinley Dynamic" to create zero lag smoothed moving averages. It's important to note the standard Alligator...
Hi Traders ! What is the Z score: The Z score measures a values variability factor from the mean, this value is denoted by z and is interpreted as the number of standard deviations from the mean. The Z score is often applied to the normal distribution to “standardize” the values; this makes comparison of normally distributed random variables with different...
Identify excess zones resulting in market reversals by visualizing price deviations from an average. The Excess Index (BEI) is designed to identify excess zones resulting in reversals, based on price deviations from a moving average. This moving average is fully customizable (type, period to be taken into account, etc.). This indicator also multiplies the moving...
This script shows the average SMA direction of each of the majors and crosses when compared to each other. The more blocks to the right the stronger the currency on that timeframe. The more blocks to the left the weaker the currency. I'm finding it useful to quickly know the average flow of movement for each currency on the higher timeframes and then focus on...
The Dynamic 9 EMA Trailing Stop-Loss Indicator is a specialized tool designed for the TradingView community to enhance risk management in trading. This script dynamically adjusts a trailing stop-loss level based on the position of the price relative to a 9-period Exponential Moving Average (EMA), offering traders a systematic approach to protect potential profits...
It's that time of the year... and what would be more appropriate than displaying Christmas-themed elements on your chart? The Christmas Toolkit displays a tree containing elements affected by various technical indicators. If you're lucky, you just might also find a precious reindeer trotting toward the tree, how fancy! 🔶 USAGE Each of the 7 X-mas balls is...
Hello! Today, I want to discuss a special indicator that I've developed. centers around a weighted moving average based on RSI/MFI. 1. Development Purpose The primary goal of this indicator is to provide clearer insights into bullish and bearish signals in the market. It applies a weight to the RSI (Relative Strength Index) and MFI (Money Flow Index) values to...
INTRO This indicator is a price action based tool used to visualize trends using Exponential Moving Averages (EMAs). CONCEPTS It's created with two EMAs with different lengths (9 and 15) based on user-defined parameters. The script calculates the EMAs for the given lengths using the closing prices of the asset. The EMAs are plotted on the chart, and their...
The "MA+ Projection" indicator is designed to visualize the potential future direction of a moving average, taking into account the impact of historical data loss. It is primarily aimed at providing a practical perspective on how moving averages could evolve as older data points are no longer considered. Key Features: Supported Moving Averages: SMA, EMA,...
This Pine Script is a TradingView script for creating a technical analysis indicator known as a Simple Moving Average Crossover (SMAC). The script visualizes two moving averages on a chart and provides buy and sell signals based on the crossover of these moving averages. Here's a breakdown of the script: Input Parameters: fastLength: The length of the...