🔵 Introduction You may intend to utilize the "Liquidity" detection capability in your indicators. Instead of writing it, you can import the "Liquidity Finder" library into your code. One of the advantages of this approach is time-saving and reduction in scripting errors. 🔵 Key Features Identification of "Statics Liquidity" Identification of "Dynamics...
Introducing the Relative Volume / Volume Breakout Multiplier (RVI) , RVI is specifically designed for traders who incorporate volume breakout analysis into their trading strategies, particularly breakout traders. This indicator provides a unique perspective on volume dynamics by quantifying the extent of volume breakouts in relation to the Simple Moving Average...
Exponentially Weighted Moving Average (EWMA) The Exponentially Weighted Moving Average (EWMA) is a quantitative or statistical measure used to model or describe a time series. The EWMA is widely used in finance, the main applications being technical analysis and volatility modeling. The moving average is designed as such that older observations are given lower...
In this script, we're creating a custom indicator to plot the previous day's closing price on the chart. This script retrieves the previous day's close using ta.change(time('d')) function. Then, it checks the value of the previous day's close and determines the increment accordingly input . Finally, it calculates the current day's close by adding the increment to...
Indicator id: USER;e7a774913c1242c3b1354334a8ea0f3c (only relevant to those that use API requests) MEANINGFUL DESCRIPTION: The Volume Zone oscillator breaks up volume activity into positive and negative categories. It is positive when the current closing price is greater than the prior closing price and negative when it's lower than the prior closing price....
Introducing the "Cycle Oscillator" by OmegaTools, an innovative addition to your TradingView analysis toolkit. This script is designed to offer a unique approach to understanding market cycles without the need for volume data, making it versatile across various market conditions and asset classes. Key Features: - Cycle Length Customization: Tailor the cycle...
Overview: The "Day of the Week Label Indicator" is a simple yet powerful tool designed for traders and analysts who use TradingView for chart analysis. This indicator adds a clear visual cue to your charts by displaying the first letter of each day of the week directly above the corresponding candlestick. With this indicator, you can easily identify the day of the...
Multiple Logistic Regression Indicator The Logistic Regression Indicator for TradingView is a versatile tool that employs multiple logistic regression based on various technical indicators to generate potential buy and sell signals. By utilizing key indicators such as RSI, CCI, DMI, Aroon, EMA, and SuperTrend, the indicator aims to provide a systematic approach...
The Bond Yield Spread Script is developed for forex traders, offering an automated tool to calculate the bond yield spread between two countries associated with the forex pair displayed on the chart. Functionality: The script starts by identifying the base and quote currencies of the current forex pair and aligns them with their corresponding national bond...
🔶Description: "Reversal Zones " aims to identify potential reversal zones in price movements. The indicator provides visual signals on the chart, indicating potential overbought and oversold conditions based on the calculated values. It offers traders insights into possible turning points in the market, aiding in decision-making processes regarding entry and...
First Indicator in a (hopefully) many indicators to help bring Al Brook's methodoligies to Pine Script. This indicator plots the highest and lowest close from the first 18bars of the NY session and uses them to plot the 18bar MM. Most days, a BO of the 18bar range is met. This is help to keep track of that key price action on your chart. It doesn't plot until...
Principle script is using defined period of last candles over the period it discovers minimum and maximum values all the values within the period are normalized to that range resulting values are in range 0-100 the shown value is average from all the candlestick data, i.e. AVG(OPEN, HIGH, LOW, CLOSE) resulting in more smoothed values which helps to...
A Multi Time Frame Tend table that displays symbols trends for 6 selectable Time Intervals. In addition to the 6 first row color trends, the table also displays the direction of the last 2 candles in each Time Interval in the last 2 rows. This extra interval information displays price trend direction change or may add confluence if the price direction is the...
Intro: This is an example if anyone needs a push to get started with making strategies in pine script. This is an example on BTC, obviously it isn't a good strategy, and I wouldn't share my own good strategies because of alpha decay. This strategy integrates several technical indicators to determine market trends and potential trade setups. These indicators...
Intro: This post introduces a Pine Script strategy, as an example if anyone needs a push to get started. This example is a strategy on ETH, obviously it isn't a good strategy, and I wouldn't share my own good strategies because of alpha decay. This strategy combines two technical indicators: Aroon and Absolute Strength Histogram (ASH). Overview: The strategy...
Support and Resistance Zone Indicator : Introduction : The purpose of this indicator is to identify the chart symbol's main supports and resistances. It displays these key zones, which are very important psychological points for traders. Since support and resistance are not very precise levels, the indicator displays them as zones. Pivots : Pivots are...
Sigmoid Functions: History and Mathematical Basis: Sigmoid functions have a rich history in mathematics and are widely used in various fields, including statistics, machine learning, and signal processing. The term "sigmoid" originates from the Greek words "sigma" (meaning "S-shaped") and "eidos" (meaning "form" or "type"). The sigmoid curve is...
Custom Sessions: Multi-Timeframe Analysis & Key Level Insights Introduction: Introducing " Custom Sessions," an innovative Pine Script indicator meticulously crafted to empower traders by offering an advanced level of analysis on various global trading sessions. This tool is designed not just to highlight trading sessions but to delve deeper into the nuances...