The Order Blocks & Breaker Blocks indicator detects order blocks that can be turned into breaker blocks on the chart automatically once mitigated. Users can determine the amount of bullish and bearish order/breaker blocks that display on their chart from within the settings menu. 🔶 SETTINGS Swing Lookback: Lookback period used for the detection of the...
Today we have a new Indicator set, which I created using inspiration from the Trend Magic Indicator from KivancOzbilgic and adding several new aspects to it and a slightly modified calculation of the trend indicator itself. You can change the inputs by changing the pre set values in the settings, but I found the current settings quite accurate. Feel free to...
The 7 week rule was shared by Gil Morales in his book “Trade Like an O’Neil Disciple”. The rule is described as: Stocks that have shown a tendency to “obey” or “respect” the 10-day moving average for at least 7 weeks in an uptrend should often be sold once the stock violates the 10-day line. A “violation” is defined as a close below the 10-day moving average...
measures the inclination of the average slope and allows to relate it to a comparison value, which depends on the asset, and can be set in the settings. In this way the average will be represented in red when it is inclined downwards and in green upward. The blue zones will be considered as flat markets.
This is an open-source Pine script that generates a Supertrend Zone Pivot Point with Zigzag Fib indicator for TradingView. The indicator displays the Supertrend Zone, pivot points, and Fibonacci levels on the chart. One of the unique features of this indicator is that it uses a Zigzag that does not repaint, ensuring accurate high and low points for the pivot...
This indicator simply changes the background and color of candle based on the previous candle's close. If a candle closes high than the previous candle's high it will be indicated via green coloring. If a candle closes lower than the previous candle's low it will be indicated in red coloring. Additionally, grey colored candles appear when neither occur - often...
Hello Traders !! Hurst Exponent Trend filter utalises the Hurst Exponent and VAWMA (one of my other unique indicators - check my script publishings to use) to categorise the market and decide whether its Trending, H > 0.5, In random Geometric Brownian Motion (GBM) H = 0.5 or Mean reverting (Contrarian), H < 0.5, When Trending a Trend following indicator -The...
A pivot-based breakout indicator that attempts to provide traders with a visual aid for finding breakouts on the RSI. Similar to how we use trendlines on our charts, using them on the Relative Strength Index can also give us a sense of direction in the markets. This script uses its own pivot-based system that checks for real-time swing levels and triggers a new...
This script allows to change the background color of the main chart to green or red depending on the following factors: Based on the QQQ graph whatever ticker you are watching - Price > EMA20 Da - Net New Highs > 0 - 10EMA Da > 20 EMA Da When you are trading Break-Out, EP or other similar trades you will need the market at your back to improve both the winrate...
The Elliott Wave indicator allows users to detect Elliott Wave (EW) impulses as well as corrective segments automatically on the chart. These are detected and displayed serially, allowing users to keep track of the evolution of an impulse or corrective wave. Fibonacci retracements constructed from detected impulse waves are also included. This script...
This indicator is based on Drippy2hard's 11:30 am (EST) rule. In simple terms the rule states that: If a trending stock makes a new high after 11:15-11:30am EST, there is a 75% chance of closing within 1% of High of day (HOD). Same applies for downtrend. Please note: Not all stocks will abide by this, this is backtested on stocks with avg daily...
Japanese below / 日本語説明は英文の後にあります。 ------------------------- This indicator that automatically draws a horizontal line by copying from the input High/Low. Useful for doing horizon analysis. It's possible to display Fibonacci based on the entered High/Low. You can get the alert of each Fibonacci point. - Parameter Input Upper Value: Enter the High value Input Lower...
Indicator for constructing levels of price ratios from other tickers. The user can choose from predefined tickers such as Gold(XAU), DXY, BTC, etc. How it works: Takes the important extremum of the closing candle from your current chart and builds a level based on the chart selected in the settings. This function allows you to determine the price level...
Plots support/resistance lines based on a neutral signal (white portion) of the Rail Line (variable moving average) for a period of time designated by the user (defaults to 9 bars). Support/Resistance lines will be removed after a period of tests and can be determined by the user (defaults to 26). Support/Resistance is deemed not as important or strong after...
A Rainbow Moving Average script. There are many like it, but this one is mine. It is designed to be easy to read without too much noise in the number of lines and shading, with the moving average to be some of the commonly used ones. Using commonly referenced moving average values help us to understand "the crowd" and what moving average or trend lines they might...
Pin candles are a variation of hammer candles that are useful in technical analysis . In particular, when combined with volume profile studies, they can be a powerful set up for long entries or other decision making. For example, when looking at volume profiles, a long entry would be a fair value area (i.e. 40%) below the close of a pin candle. When combined with...
This is one of my favorite indicators I've developed. It measures the strength of an uptrend or a downtrend and produces signals for when that trend is weakening. From my time trading I have learned that moving averages are not good signals to determine trend changes, because they are lagging indicators. However, we can use a moving average system - and the rates...
A quick and easy way to visualize the correlation between 10 different symbols over a custom period of time, in the form of a matrix with a heatmap visualization and additional tools such as price increase/decrease %, multi-timeframe function, customizable appearance and more. The indicator displays correlation coefficients for each pair of 10 assets in a matrix...