This indicator was inspired by the concept of mean revision and is best to be used with that strategy in mind. True median takes the high and low within a determined length and finds the average between those two points and then plots an EMA for the median with an optional EMA for both the high and low. HOW TO USE: This indicator has a few uses it can be...
🔵 Introduction The "ICT" style is one of the subsets of "Price Action" technical analysis. ICT is a method created by "Michael Huddleston", a professional forex trader and experienced mentor. The acronym ICT stands for "Inner Circle Trader". The main objective of the ICT trading strategy is to combine "Price Action" and the concept of "Smart Money" to identify...
Introducing the Fair Value Gaps (FVG) Indicator by OmegaTools, a distinctive and analytical tool designed for TradingView. This script meticulously identifies and visualizes fair value gaps within the market, offering traders a nuanced understanding of potential price movement areas that are not immediately apparent through traditional analysis. Concept and...
In this script, we're creating a custom indicator to plot the previous day's closing price on the chart. This script retrieves the previous day's close using ta.change(time('d')) function. Then, it checks the value of the previous day's close and determines the increment accordingly input . Finally, it calculates the current day's close by adding the increment to...
The ICT Killzones Toolkit is a comprehensive set of tools designed to assist traders in identifying key trading zones and patterns within the market. The ICT Killzones Toolkit includes the following Price Action components: ICT Killzones with Pivot Highs/Lows Order Blocks Breaker Blocks Fair Value Gaps Market Structure Shifts By combining these...
Ideas from Brian Shannon's book "Anchored VWAP" The Multi-Day Rolling VWAP indicator for intraday timeframes allows you to track the Volume Weighted Average Price (VWAP) over multiple days, specifically for 1-day, 2-day, 3-day, 4-day, and 5-day periods. This indicator beyond the standard daily VWAP provides a broader perspective on price trends and market...
Introducing the "Normal Weighted Average Price" (NWAP) by OmegaTools. This innovative script refines the traditional concept of VWAP by eliminating volume from the equation, offering a unique perspective on price movements and market trends. The NWAP script is meticulously crafted to provide traders with a straightforward yet powerful tool for analyzing price...
▋ INTRODUCTION : The “ATR Levels” produces a sequence of horizontal line levels above and below the Center Line (reference level). They are sized based on the instrument's volatility, representing the average historical price movement on a selected higher timeframe using the average true range (ATR) indicator. _______________________ ▋ OVERVIEW: ...
The GG Levels indicator is a tool designed for day trading U.S. equity futures. It highlights key levels intraday, overnight, intermediate-swing levels that are relevant for intraday futures trading. Terminology RTH (Regular Trading Hours): Represents the New York session from 09:30 to 17:00 EST. ON Session (Overnight Session): Represents the trading activity...
This indicator is useful for whom trade with "Smart Money Concept (SMC)" strategy. It helps SMD traders to identify fake or weak zones in the chart, So they can avoid taking position in this zones. This indicator marks "Asia session" as well as "London and New York's Lunch Time (one hour before London and NY session starts)" zones. It also marks Inside Bar...
**SHIBO v6 - Fibonacci Impulse Analysis Indicator** *By Shahab Sadeghi (@shahabs2004)* **Overview:** Welcome to SHIBO v6, a revolutionary Fibonacci Impulse Analysis Indicator designed to harness the power of a unique chart pattern. The script employs a reverse Fibonacci methodology to identify powerful impulses that first reach Fibonacci level 0.382, experience...
Description: The "Equal Highs and Lows" indicator is a technical analysis tool designed to aid traders by identifying and marking equal price levels directly on the trading chart. This indicator helps in spotting potential support and resistance zones by drawing lines between points where the price has formed equal highs or lows over a specified lookback period....
🔶Description: "Previous Key Levels " serves as an indicator to identify and visualize previous key levels in the price action of financial instruments. These key levels include previous highs, lows, equilibrium points, and open prices across different timeframes such as daily, weekly, and monthly. 🔶Key Features: Users have the flexibility to customize the...
I designed the '3 Pivots Interpolation Breakouts' indicator to intuitively identify breakout opportunities using pivot points. This tool stems from my need to anticipate market direction and capitalize on breakouts. It uses a line interpolated from three pivot highs or lows to forecast upcoming breakouts. This offers a straightforward way to visualize potential...
Introduction: This simple indicator offers insights into the relationship between stock prices and earnings, aiding in the assessment of valuation dynamics during different periods. Understanding Price-to-Earnings (P/E) Ratio: The commonly used Price to Earnings (P/E) ratio, calculated as Current Price divided by Earnings Per Share (EPS) over the trailing 12...
The Liquidity Sweeps indicator detects the presence of liquidity sweeps on the user's chart, while also providing potential areas of support/resistance or entry when Liquidity levels are taken. In the event of a Liquidity Sweep a Sweep Area is created which may provide further areas of interest. 🔶 USAGE A Liquidity Sweep occurs when the price breaks...
This indicator will show future lines before each session start. It will only show London session and US session start. You can change the color of the lines and time as per day light savings.
🔶 Description: This script, "Liquidity Sweeps by UAlgo" aims to identify and visualize potential liquidity sweeps in the market, assisting traders in spotting significant price levels where liquidity may be targeted by large orders. The script highlights pivot points and draws support and resistance lines based on user-defined parameters. When a liquidity...