Version 1.0 1. Purpose Objective: The "IT WALA - VOLUME TRAP" indicator is designed to identify potential bullish and bearish volume traps in the market. Volume traps occur when the market shows a misleading volume pattern that could trap traders into making incorrect decisions, such as buying into a false breakout or selling during a fake breakdown. Target...
Overview: The "RSI & ADX Immediate Entry Signals" is a TradingView Pine Script designed to provide traders with timely entry signals based on two widely-used technical indicators: the Relative Strength Index (RSI) and the Average Directional Index (ADX). This script aims to maximize responsiveness to market conditions by generating buy and sell signals that...
What’s the purpose of this indicator? The AutoPilot indicator automates the management of your active trades by: Breaks Even: Moves the stop-loss to the entry price once the trade reaches a 1:1 risk-reward ratio. Closes Trades: Automatically exits trades when trailing stop-losses are triggered. This automation is facilitated through PineConnector...
The Market Momentum Indicator plots two essential lines on your chart: the Momentum Line and the Momentum Signal, enabling you to visualize price direction and detect potential shifts in that direction. Momentum Line: The Momentum Line is calculated by finding the highest and lowest prices over the last 14 periods and then determining the midpoint between them....
INTRODUCTION Institutional demand and supply zones are key areas on a price chart where large institutional traders, such as banks and hedge funds, place significant buy or sell orders. These zones often act as strong support or resistance levels due to the substantial volume of trades executed by institutions. There are various ways to identify these areas of...
Overview The "Tick Range Engulfing Candle Highlighter with Trend Change" indicator is designed to identify potential trend reversals by analyzing the size of each candle relative to a customizable tick size. This indicator highlights key moments when the market may shift direction based on an "engulfing" candle pattern, where the current candle's price range is...
## Uptrick: Price Exaggerator ** Purpose and Overview **: The "Uptrick: Price Exaggerator" is an innovative Pine Script™ indicator that provides traders with a unique way to visualize potential price extremes. Unlike traditional indicators that focus on historical price data or statistical patterns, this script applies dynamic multipliers to the asset’s...
This Pine Script indicator provides a visualization of standard deviation bands plotted as fixed horizontal lines on the TradingView chart. The bands are based on the last candle's closing price and are designed to help traders identify potential volatility levels and deviations from the average price. Features: Standard Deviation Calculation: The indicator...
Trading requires focus, discipline, and sometimes a reminder to stay on track. Many of us know how to take trades and make money - but sometimes struggle to hold on to the gains. By knowing not only when to trade, but also when NOT to trade, we can begin to build better habits. I built this indicator for my own needs, but I hope this indicator can help someone...
Asset Overlay with Lag This indicator allows you to overlay a secondary asset on your main chart with a customizable lag. It's perfect for traders who want to analyze the relationship between the current asset and another asset with a time-shifted perspective. The secondary asset’s price data can be lagged by any number of bars, helping you spot leading or...
Indicator Overview Intraday Stop Loss Calculator is a practical tool designed for day traders. This indicator helps traders instantly calculate the loss percentage based on the high or low of the current K-bar relative to the entry price. It also displays the stop-loss risk based on the day's high or low. You can select either long or short mode, allowing the...
The Flow Indicator is designed to help you identify potential breakout and reversal points by analysing market momentum, volume, and dynamic price zones. Here's how to effectively use this indicator in your trading: 1. Flow Zones Flow High: This is the highest high over the specified Period. It acts as a resistance level. Flow Low: This is the lowest low over...
We are introducing the ST_QuantPivots Indicator, an advanced analytical tool meticulously crafted for ThinkOrSwim, which is now poised to debut on TradingView with Pine Script conversion. Weekly Periods Analyzed : The number of total periods loaded and analyzed is on the chart. Touch > H1 : Pivot level average price exceeded or was equal to, but...
Overview The Momentum Squeeze Scalper is a technical analysis tool designed to identify potential breakout opportunities in the market. It combines elements of momentum analysis with a "squeeze" concept based on Bollinger Bands and Keltner Channels. Key Components 1. Squeeze Detection The indicator uses two types of squeezes: a) Loose TTM Fire...
Fixed Straddle/Strangle with Dynamic Resistance and Support indicator is designed for options traders focusing on combined straddle and strangle premiums of particular strikes (without rolling). This script offers dynamic charting capabilities with integrated technical indicators, making it a valuable tool for traders in the Indian options market. About the...
Simple Xtrade Fibonacci Retracement The Simple Xtrade Fibonacci Retracement tool is designed to enhance your trading strategy by identifying key levels where price corrections are likely to occur. Based on the Fibonacci sequence, this tool helps traders pinpoint potential support and resistance levels during price retracements within a trend. Key...
█ Arithmetic Candlestick - Overview Arithmetic Candlesticks (Zeiierman) introduce a new way to read charts by applying logical arithmetic to real price data. These candlesticks focus on filtering out noise and smoothing price movements using a bell-shaped curve, which helps to refine the data and highlight the true trend. This approach provides a clearer view...
Volume Analysis Table MTF - Buy vs Sell Indicator Take control of your trading decisions with the Volume Analysis Table MTF - Buy vs Sell indicator for TradingView! This powerful Pine Script code empowers you to analyze volume trends across various timeframes, providing valuable insights into buying and selling pressure within the market. Unveiling Market...