Description: The Pivot Points indicator is a powerful tool for identifying potential support and resistance levels based on previous price action. It calculates key pivot levels (P), along with support (S1, S2) and resistance (R1, R2) levels, which are used to forecast potential turning points in the market. Key Features: Pivot Calculation: Based on the...
Versatile Moving Average Strategy (VMAS) Overview: The Versatile Moving Average Strategy (VMAS) is designed to provide traders with a flexible approach to trend-following, utilizing multiple types of moving averages. This strategy allows for customization in choosing the moving average type and length, catering to various market conditions and trading...
█ OVERVIEW The Initial Balance Indicator is a powerful trading tool that indicates a strong range based on the high and low of the first hour after market open. This range serves as a potential area of Support or Resistance that traders should be aware of during their trading. Because of this, the Initial Balance Indicator is a versatile trading tool that can be...
This is a simple indicator that aids the trader in being able to visualise each trading day of the week; Key Features Weekly Open Line Daily Open Line Option for Background Lines Weekly & Daily Open Lines Information ℹ️ These are vertical lines that are anchored to the hour of the Weekly Open and the hour of each Daily Candle Open. The settings...
Overview: This strategy combines the Commodity Channel Index (CCI) and the Moving Average Convergence Divergence (MACD) indicators to automate trading decisions. It dynamically sets stop-loss and take-profit levels based on recent lows and highs, ensuring a risk/reward ratio of 1:1.5. This script aims to leverage trend and momentum signals while maintaining...
█ OVERVIEW The Guppy Wave Indicator is a collection of Moving Averages that provide insight on current market strength. This is done by plotting a series of 12 Moving Averages and analysing where each one is positioned relative to the others. In doing this, this script is able to identify short-term moves and give an idea of the current strength and direction of...
Daye's Quarterly Theory Indicator Description The Daye's Quarterly Theory Indicator divides trading time into smaller units to help traders identify potential accumulation, manipulation, distribution, and reversal/continuation phases within a day. It applies these time divisions to your charts, offering visual guidance aligned with ICT's PO3 concept: Accumulation...
# Custom Trading System Indicator This Pine Script indicator is designed to identify potential trading setups based on a specific set of rules. It's intended for use on lower timeframes (M1-M5) in the forex market, particularly during the New York-London overlap period. ## Key Features 1. **EMA Condition**: Uses a 20-period Exponential Moving Average (EMA) to...
🌟 What does this indicator do? This magical indicator shows you the lowest (Low) and highest (High) values of the last X candles directly on your chart. Not only that, but it also tells you how much the price has changed from the opening price of the current candle to these key points, all in percentage format. You'll have a clear and precise view of market...
Overview The Momentum Alligator 4h Bitcoin Strategy is a trend-following trading system that operates on dual time frames. It utilizes the 1D Williams Alligator indicator to identify the prevailing major price trend and seeks trading opportunities on the 4-hour (4h) time frame when the momentum is turning up. The strategy is designed to close trades if the trend...
Ichimoku Cloud w/ Helpers is your standard Ichimoku Cloud indicator with two additions. Checkout TradingView's write up on the Ichimoku Cloud here . The two additions added to this indicator are described below: 1 — A box is drawn centered on the current bar and stretching a length equal to the 'Senkou Span B Period'. • The box encompasses the highest...
Engulf Scan Introduction: The Engulf Scan indicator helps users identify bullish and bearish engulfing candlestick patterns on their charts. These patterns are often used as signals for trend reversals and are important indicators for traders. Engulf Scan signals are generated when an engulfing pattern is swallowed by another candlestick of the opposite...
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 "Complex WMA Indicator with Trend Transitions" is a technical analysis tool designed to help traders identify and visualize market trends using three Weighted Moving Averages (WMAs) of varying lengths. The primary purpose of this indicator is to provide a clearer and more nuanced view of market trends by highlighting bullish and bearish phases and filtering...
This indicator displays logarithmic regression channels for Bitcoin. A logarithmic regression is a function that increases or decreases rapidly at first, but then steadily slows as time moves. The original version of this indicator/model was created as an open source script by a user called Owain but is not available on TradingView anymore. So I decided to update...
The ROSE Trader Mean Multiple Oscillator is an adaptation of The Mayer Multiple, using the 99-Day Simple Moving Average rather than the 200-Day (adjusted for ROSE's higher delta), setting distinct preset levels for ROSE overbought and oversold conditions. Who is this indicator for? While this indicator will function on any chart, it is setup for trading Oasis ...
1. EMA Calculation : - The script calculates three Exponential Moving Averages (EMAs): EMA 1, EMA 2, and EMA 50. - The lengths of EMA 1 and EMA 2 are customizable by the user inputs `ema1Length` and `ema2Length`, respectively. - EMA 50 is fixed with a length of 50. 2. EMA Crossover Detection : - The script detects crossovers between EMA 1 and EMA 2...
ALT Trend Detection Indicator Overview: The "ALT Trend Detection" indicator is designed to help traders analyze the relationship between Bitcoin's dominance, Bitcoin's price, and the potential impact on altcoin prices. This indicator uses various time frames and average true range (ATR) calculations to detect trends and provide insights into the altcoin market...