"Delta Dashboard with Custom Candle Count," creates a dynamic table on a chart that shows Buying Delta, Selling Delta, and Cumulative Delta for a user-defined number of candles. It is designed to give traders an easy-to-read visual dashboard for analyzing volume-based deltas, potentially helping to identify bullish or bearish trends. Script Overview: Custom...
Supertrend Multi-Timeframe Indicator Introduction The Supertrend Multi-Timeframe Indicator is an advanced trading tool designed to help traders identify trend directions and potential buy/sell signals by combining Supertrend indicators from multiple timeframes. This script is original in its approach to integrating Supertrend calculations across different...
Overview The Approximate Spectral Entropy-Based Market Momentum (SEMM) indicator combines the concepts of spectral entropy and traditional momentum to provide traders with insights into both the strength and the complexity of market movements. By measuring the randomness or predictability of price changes, SEMM helps traders understand whether the market is in...
Here's a detailed presentation of the Average Daily Range (ADR) indicator, with a focus on its advantages compared to the classic ADR, its unique features, utility, and interpretation: Advantages Compared to Classic ADR 1. Logarithmic Scale: Unlike the classic ADR, which uses a linear scale, this version uses a logarithmic scale for calculations. This approach...
Bollinger Band + Mid Band This indicator combines the classic Bollinger Bands with enhanced customization options, allowing traders to fine-tune the settings according to their specific strategies. Key Features: Moving Average Flexibility: Choose between Simple Moving Average (SMA), Exponential Moving Average (EMA), or Weighted Moving Average (WMA) as the...
Market Breadth - Asymmetrik User Manual Overview The Market Breadth - Asymmetrik is a script designed to provide insights into the overall market condition by plotting three key indicators based on stocks within the S&P 500 index. It helps traders assess market momentum and strength through visual cues and is especially useful for understanding the proportion...
The " Fibonacci Time Periods " indicator uses power exponents of the constant Phi based on your custom time period to generate Fibonacci sequence-based progression on a given chart. This tool can help to anticipate the timing of potential turning points by highlighting Fib time zones where significant price movements may occur. It is different from other...
This is a modified version of the Relative Strength Indicator (No confusion with RSI) originally by in.tradingview.com/u/modhelius/ based on The indicator calculates the relative strength between a selected stock and a comparative symbol (typically a market index like NSE:NIFTY). Relative strength (RS) compares the performance of two assets, typically a stock...
Title: FCNC Spread Indicator Description: The FCNC Spread Indicator is designed to help traders analyze the price difference (spread) between two futures contracts: the front contract and the next contract. This type of analysis is commonly used in futures trading to identify market sentiment, arbitrage opportunities, and potential roll yield strategies. How...
The Stochastic indicator is a popular indicator developed in the 1950s. It is designed to identify overbought and oversold scenarios on different assets. A value above 80 is considered overbought and a value below 20 is considered oversold. The formula is as follows: %k = ((Close - Low_i) / (High_i / Low_i)) * 100 Low_i and High_i represent the lowest low and...
This code is an indicator for drawing custom candle charts based on volume and analyzing price fluctuations and trends. A specific description is provided below: Main functions and analysis details Cumulative Volume Calculation Accumulates the volume of all bars and calculates the cumulative volume. This gives an idea of the total volume of volume. Counter...
The "VIX-Heatmap" is a sophisticated and informative indicator designed for traders who want to integrate volatility analysis into their trading strategy, especially focusing on the market's fear gauge, the VIX (Volatility Index). This tool is not just about plotting numbers; it's about visualizing market sentiment in a more intuitive and impactful way. Key...
Overview: This indicator is designed to take multiple other indicators as inputs, calculate their respective Z-scores, and then aggregate these Z-scores to provide a comprehensive measure. By transforming the inputs into Z-scores, this indicator standardizes the data, enabling a more accurate comparison across different indicators, each of which may have...
ORB Range Alerter with Shading, VWAP Check, MACD Check, and Extended Fibonacci Levels for TP – Fully Customizable This indicator is designed to give you a comprehensive analysis of the Opening Range Breakout (ORB) combined with advanced conditions based on VWAP and MACD indicators, along with Extended Fibonacci Levels for both long and short TP positions. ...
THE LINES The indicator plots a horizontal price line at a specified hour and minute (default: 9:30 - Equities Open). This line extends for a predefined number of minutes (default: 60 minutes - Opening Range Full Spectrum). Additionally, the indicator can plot two vertical lines: one at the selected start time and another at the end of the horizontal line. ...
1-Minute Scalping Strategy - KGP Overview: This indicator is designed for short-term traders who engage in 1 (or) 5-minute scalping. It combines several technical analysis tools to provide buy and sell signals, helping traders make informed decisions quickly. Key Features: VWAP (Volume Weighted Average Price): Purpose: VWAP provides the average price a...
The simplest trading framework is using moving average. This indicator is harnessing that very method. What It Does: This indicator helps you see market trends at a glance by changing the color of the candlesticks based on the relationship between two Exponential Moving Averages (EMAs). When the 9-period EMA is above the 21-period EMA, candlesticks turn green,...