A nice little gadget. Can be used to visually hint on volatility. Will show a leading vertical bar which shows percentage of price, both up and down, in relation to current price.
Supply and Demand - Order Block - Energy Candles Description An experimental script, designed as a visual aid, to highlight the last up or down candle before a fractal break. We can assume these candles where the point of origin that generated enough strength to break recent structure. By using them as reference points, traders are expected to follow their...
This indicator colors the candles according to the z-score of the trading volume. You can easily see the imbalance on the chart. You can use it at any timeframe. In statistics, the standard score (Z-score) is the number of standard deviations by which the value of a raw score (i.e., an observed value or data point) is above or below the mean value of what is...
Description This indicator is an entry-level script that simplifies volume interpretation for beginning traders. It is a handy tool that removes all the noise and focuses traders on identifying potential smart money injections. Uniqueness This indicator is unique because it introduces the principle of a moving average in the context of volume and then...
Volume Delta is the difference between buying and selling power. Volume Delta is calculated by taking the difference of the volume that traded at the offer price and the volume that traded at the bid price. If delta is greater than 0 you have more buying than selling pressure. If delta is less than 0, you have more selling than buying pressure. This indicator also...
weltschmerz price action v1 NOT: bu indikatör EFLOUD hayratıdır tüm price action camiasına hediyedir. KEY LEVEL; Yearly Open Current yearly High/Low Quaterly Open Previous Quaterly High/Low PDH" :"Previous Day High" "PDL" :"Previous Day Low" "DO" :"Daily Open" "PDM" :"Previous Day Mid" "PWH" :"Previous Week High" "PWL" :"Previous Week Low" "WO" :"Weekly...
This combines Opening Range of 15 min and Price Action in one script. Crosses are marked on candles for upside and downside. Break of High/Low of cross marked candles gives direction of market.
As we know, buyers and sellers take part in the market auction. A failed auction is where price could not tick above or below a specific price. This means that there were no buyers willing to buy or sellers willing to sell beyond that price. Price then moves away in the other direction. The failed auction acts as a magnet and becomes a target to revisit sooner...
Overview: Trend Delta Moving Average (TDMA) is a composite moving average, driven by an algorithm that tracks real-time trends in price, volume, and various changes (delta) between the two. TDMA is low lagging but filtered (smoothed) MA type, with a sometimes predictive slope (via price divergence). This indicator allows you to plot one or two TDMA lines, as...
Nifty50 Index is calculated based on the movements of its participants. Every time you think of why is Index going up/down, who is actively dragging the index either ways, this Indicator gives you answer for the same in realtime! This indicator will help you in pre-planning your trades based on the movements shown by different stocks of various sectors in Index...
This script reviews previous candle volatility and price action relative the time period chosen and creates pivots/levels/prices to watch for on each candle. This indicator can be run on any time period, but it was meant for longer intraday periods such as the 30m or 1 hour. The entry points are meant to only be valid on the candle in which they are created, once...
Hello All, Relative Volume is one of the most important indicators and Traders should check it while trading/analyzing. it is used to identify whether the volume flows are increasing or decreasing. Relative volume measures current volume in relation to the “usual” volume for this time of the day. What is considered “usual"? For that, we have to use a...
The Volume Spread Analysis (VSA) methodology focus at the relationship between price, spread, and volume, trying to identify the variations that the price of an asset may have bar by bar, candle by candle. This indicator is based on calculates on the average volume of the bars in a close environment, that indicates when the volume is Ultrahigh, Very high , High ,...
The script combines my favorite signals then filters them with three EMAs. Via the Style tab, you can choose to either have the signals color the bar and/or plot a shape above/below. All signals can be turned off via the Inputs tab, which will remove the bar color and/or shape (if not already off in the Style tab) as well as remove the pattern from the alerts...
This price action indicator uses the higher timeframe SSL channel to identify trends. The long entry signal is a bullish candlestick pattern when the price retraces to EMA20 in an uptrend. The short entry signal is a bearish candlestick pattern when the price retraces to the EMA20 in a downrend. Currently, this indicator shows engulfing patterns, pin bar...
This is another interesting take on candlesticks . These Bearish-Bullish Candles do not show the wicks. Instead, the upper wick is made into a Red body and the lower wick is made into a Green body. If you match the candle body color in the chart settings (or turn off the candles completely), you get a unique way of seeing how Bearish or how Bullish a candle is...
Hello Traders, Here i bring you my first Price Action WaveTrend based Indictor combined with fib entry and exit trailing levels with minimum risk and maximum profit , as we must have seen at times as we enter the trend reverse and hits our stoploss . Keeping that in mind as i too struggled and made losses so i decided and focused more on minimizing the loss and...
The indicator is derived from the concept of Aurora Candles (Credit to RK Arora) Description The script instantly calculates and highlights the largest candle (from high to low) in a user specified lookback period. It then plots the expected support, resistance, supply and demand levels. When a larger candle is printed, it will immediately plot the new...