The Wilder’s channel is a typical channel indicator made of 2 Wilder’s average from the high and low price over a “p” period, factorized by the Average True Range value over “atx” period. Indicator from Kevin Britain library. "Wilder's Channel," which is plotted on the chart overlay to assist traders in visualizing potential support and resistance levels. This...
The CPR indicator, or Central Pivot Range indicator, is a technical analysis tool used in trading to identify potential support and resistance levels based on the price action of a security. Developed by pivot point theory, it is particularly popular among day traders and swing traders. The CPR indicator consists of three lines: 1. **Pivot Point (PP):** This is...
Hey everyone, Over the course of the last year I had a bunch of requests to do something with RSI. I did do an RSI expected move plotter, but the requests were to overhaul RSI and make it better I guess. So here is my attempt! This is the RSI ATR plotter. Its similar to my RSI expected move plotter, however, it gives you the ATR ranges associated with the...
█ OVERVIEW This Pine Script calculates a Stop Loss and Take Profit order suggestion based on the Average True Range (ATR). This provides a market generated visual reference for the user to better gauge risk and profit potential for their trades. This is not a trade signal system, it is a tool best used in conjunction with an existing system. ...
This Pine Script™ indicator, Bulls And Bears , aims to provide traders with potential entry points by analyzing market conditions. Here's how it works: Calculation of Maximum and Minimum Values: The script calculates the highest and lowest values based on the high, open, close, and low prices of the asset. Relative Strength Index (RSI) Condition: It evaluates...
The AMDX/XAMD indicator is designed to highlight specific trading sessions on the chart using distinct colors and optional vertical lines. Users can choose between two session types, AMDX or XAMD, and customize the visual appearance of the sessions. This tool is particularly useful for traders who want to analyze market behavior during different trading...
Hello! This script was briefly known as as Bing Chilling. I converted this to Pine Script V5 to ensure compliance with publishing requirements. This script tracks RSI and inserts an indicator when correlated movement is detected. Proximity of current tick to indicator origin tick determines freshness of the indicator. DO NOT sit on the indicator for a long...
What is an Order Block? An order block is a concept used in technical analysis, particularly in price action trading and supply and demand analysis. It refers to a significant area on a price chart where institutional traders, such as banks and hedge funds, have placed large orders. These blocks of orders often create strong support or resistance levels, as...
Weighted Moving Range with Trend Signals (WMR-TS) Technical analysis involves analyzing statistical trends from trading activity , such as price movement and volume, to make trading decisions. Technical indicators are mathematical calculations based on the price, volume, or open interest of a security or contract. They are used by traders to analyze price...
Volume Spread Analysis: Understanding Market Intentions through the Interpretation of Volume and Price Movements. █ Simple Explanation: The Volume Spread Analysis (VSA) indicator is a comprehensive tool that helps traders identify key market patterns and trends based on volume and spread data. This indicator highlights significant VSA patterns and provides...
Introducing the Consolidation VWAP's Indicator , a powerful tool designed to identify consolidation periods in stock advance and automatically anchor three distinct VWAPs to key points within the consolidation. Consolidation Period Identification: The indicator automatically detects periods of consolidation or areas on the chart where a stock's price moves...
The F.B_Double Hull Moving Average Trend Tracker indicator is designed to identify market trends and is based on two Hull Moving Averages. The "Hull Moving Average" (HMA) is a fast and smooth moving average that exhibits a rather unique behavior. The HMA attempts to completely remove lag while simultaneously presenting smoother results. The first derivative...
The FVG Positioning Average indicator aims to uncover potential price levels of interest by averaging together recent Fair Value Gap (FVG) initiation levels. This indicator is grounded in the theory that significant buying or selling activity is the primary catalyst for creating FVGs. By averaging together the prices where each FVG initiated, we may potentially...
HH LL HL LH Marker The "HH LL HL LH Marker" is a versatile technical analysis tool designed to help traders identify and visualize key pivot points in price action. It highlights four types of pivot points: Higher High (HH), Lower Low (LL), Higher Low (HL), and Lower High (LH), aiding in spotting potential trend reversals or...
The "Linear Regression Trend Channel" is a technical indicator designed to illustrate price trends and their volatility using linear regression. This indicator calculates the main linear regression line based on the user-defined period length and computes the standard deviation to form a trend channel. Key Features: - Linear Regression Calculation: Computes the...
Volatility ATR Support and Resistance Bands The “Volatility ATR Support and Resistance Bands” is a trend visualization tool that uses Average True Range (ATR) to create a dynamic channel around price action, adapting to changes in volatility and offering clear trend indicators. The band direction can indicate trend and the lines can indicate support and...
The "VWAP Z-Score with Signals " is a technical analysis tool designed to help traders identify potential buy and sell signals based on the Volume Weighted Average Price (VWAP) and its Z-Score. This indicator calculates the VWAP Z-Score to show how far the current price deviates from the VWAP in terms of standard deviations. It highlights overbought and oversold...
🔵 Introduction 🟣 ICT The "ICT" style is a subset of "Price Action" technical analysis. The primary goal of the ICT trading strategy is to merge "Price Action" with the "Smart Money" concept to pinpoint optimal trade entry points. However, this approach's strength extends beyond merely finding entry points. It also helps traders gain a deeper understanding of...