This is a port of an indicator I wrote for MT4 several years ago. At the time it was the only thing available that could accurately plot support/resistance lines in an automated way. Now there are many that do similar things, but I still think this is one of the cleanest and most straightforward ones to use. Parameters : Signal Bars - Number of candles to...
This Simple ICT Market Structure is based on the teachings of ICT, specifically in his episode 12 of the Public 2022 Mentorship. The only omission here is the peculiar calculation of Intermediate Term points, for which I am not using the concept of repricing imbalances – this can be added later! Feel free to use this tool, however it is quite simple and market...
In the advanced price direction algorithm situations of faltering price directions (fda) are identified. These are very interesting, because this happens at tops, flags and trend turns. I got the idea of coloring the bars with fda in a distinguishing color, reddish gray for fda down and blueish gray for faltering up. The remaining bars retain standard color, but...
Thanks to Dead_Hunter for his ROCEM code which inspired me. This code looks back over X number of earnings cycles (default is 8) and X number of bars in each earnings cycle (default is 15) to calculate the largest move in each defined earnings period. The count of earnings cycles starts with the latest past earnings date. The code ignores all future earnings...
This is a basic Proportional Integral Differential controller , BUT with a modification to reduce the i portion via a recentering speed variable. Here is its operating principle: Place a standard MA (sma/ema,...). Add this indicator and connect the output of the MA to the input. The result is the "control/correction" parameter which is based on...
This script can be used on various trading pairs and assets, including BTC/USDT, it has been observed to perform better on BTCUSDT due to its unique price behavior and volatility. The indicator is designed to identify potential support and resistance levels and generate buy or sell signals based on the relationship between price and a weighted average middle line,...
Introducing the "3D Bowling Game" – a fun and interactive demo scene project in Pine Script, powered by a custom 3D engine! This bowling game showcases the potential of Pine Script for developing engaging and immersive experiences, even within the confines of a trading platform. To play the game, you'll first be prompted to choose where you want to throw the...
----------- ITALIANO ----------- Questo codice è uno script di previsione del trend creato solo a scopo didattico. Utilizza una media mobile esponenziale (EMA) e una media mobile di Hull (HMA) per calcolare il trend attuale e prevedere il trend futuro. Il codice utilizza anche una regressione lineare per calcolare il trend attuale e un fattore di smorzamento per...
A script example to show how you can calculate the value of certain indicators from a higher timeframe at the moment that a bar closes on a shorter timeframe. In this example the base chart is set to 5 mins and the multiplier is set to 6, so the HTF arrays hold data equivalent to that from the 30 minute chart which will hopefully appear below it on this...
Auto Fib Zones is a extension of the ABC finder script that I released. It uses the pivot point system I developed in the ABC finder to identify major or significant trending moves in the market. It will then draw the fibzones for the trend line. The fib zone will auto update for as long as the trend line continues (size will keep increasing). The zones will...
The KDJ indicator is a technical analysis tool used by traders to identify potential buy and sell signals in financial markets. It is an extension of the Stochastic Oscillator, which consists of two lines, %K and %D, that move within a range of 0 to 100. The KDJ indicator introduces a third line, called %J, which is derived from the %K and %D lines. The KDJ...
🖖 Hi all! Check out my NOMMO AUTOMATE indicator for trend detection, trend change points, hedging opposite trend impulses. What the script do: ☑️ Detecting local and global trends and trend change points, detecting opposite to current trend impulses. How the script do it: ☑️ The indicator compares RSI indicators on chosen by user Trend TF1 and Trend TF2 and...
This pine script is provide recent support and resistance. Script will use ema8, ema21, sma50 and sma200 to generate the support and resistance line. Inspired from Patrick Walker style of trading. This is my personal logic i build studying the charts. There is 3 types of resistance generated by this script. 1) top resistance 1 when ema8 > ema21 and low > ema8...
RDX Relative Directional Index, Strength + Direction + Trend. This indicator is the combination of RSI and DMI or ADX. RDX aims at providing Relative direction of the price along with strength of the trend. This acts as both RSI and Average Directional Index. as the strength grows the RSI line becomes wider and when there is high volatility and market fluctuation...
A simple script to enable adding a trigger when a stock reaches 'X' percent, the 'X' can be configured. The script also displays current tickers gap %, this is particularly helpful when you have 2 or more panels on a chart
The Volume Forecasting indicator provides a forecast of volume by capturing and extrapolating periodic fluctuations. Historical forecasts are also provided to compare the method against volume at time t . This script will not work on tickers that do not have volume data. 🔶 SETTINGS Median Memory: Number of days used to compute the median and first/third...
The Put-Call Bias Indicator provides a visual representation of the relative bias towards put options using CBOE data. This script calculates the Put/All ratio, displaying the difference as compared to an even 50% ratio as columns on the chart. A positive value indicates a higher proportion of puts being bought compared to the total number of options...
Displays the volume behind each candle with colors, to visualise their evolution over time, directly in the chart. This indicator is best suited for dark mode (Suggested background color: #0a0c12). The more intense is the color, the bigger is the volume. The unit is a 400 periods moving average of the volume, considered as 1 volume. Each color represents half of...