This versatile indicator plots logarithmic Bollinger Bands on any financial asset or timeframe in the TradingView platform. Unlike traditional Bollinger Bands, which use simple arithmetic calculations, Foxy's LBB employs logarithmic scales to better capture and visualize percentage-based price movements. The core functionality includes: Basis Line: A central...
Range Percentage is a simple indicator utility to clearly display and dynamically alert on where a chosen series falls between two bounds, either series themselves or constant values. To set up, select between series or value for upper and lower bounds. Only the chosen options will be used by the indicator, though you may enter the non-selected option. Configure...
💎 GENERAL OVERVIEW Introducing our new Breaker Blocks Screener! This screener can provide information about the latest breaker blocks in up to 5 tickers. You can also customize the algorithm that finds the breaker blocks and the styling of the screener. Features of the new Breaker Blocks Screener : Find Latest Breaker Blocks Accross 5 Tickers Latest...
Support and Resistance Zone Indicator : Introduction : The purpose of this indicator is to identify the chart symbol's main supports and resistances. It displays these key zones, which are very important psychological points for traders. Since support and resistance are not very precise levels, the indicator displays them as zones. Pivots : Pivots are...
Peak and Trough Tracker This indicator identifies the highest and lowest prices reached in two user-defined time periods. It then draws two lines connecting these peak and trough points. The purple line represents the connection between the highest prices, while the aqua line represents the relationship between the lowest prices. Both lines extend into the future...
Plots previous and the day before days' high and low for all days, not just today.
I've adapted a script from Lazy Bear (WT trend oscillator) WaveTrend Oscillator is a port of a famous TS/MT indicator. When the oscillator (WT1 designed as a line) is above the overbought band (50 to 60) and crosses down the WT2 (dotted line), it is usually a good SELL signal. Similarly, when the oscillator crosses above the signal when below the Oversold band (...
█ OVERVIEW This indicator projects ATR bands and, optionally, colors them based on a risk/reward advantage for those who trade breakouts/breakdowns using moving averages as partial or full exit points. █ DEFINITIONS ► True Range The True Range is a measure of the volatility of a financial asset and is defined as the maximum difference among one of the...
This Script code is used to plot support and resistance levels on a chart. Here's how it works: Input Parameters: The code starts by defining an input parameter lookback_period, which determines the number of bars to look back when calculating support and resistance levels. You can adjust this parameter based on your preferences or trading strategy. I recommend...
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...
Trending RSI takes a new approach to RSI intended to provide all of the missing information that traditional RSI lacks. Questions such as "why does the price continue to decline even during an oversold period?" can be aided using the Trending RSI. These types of movements are due to the market still trending and traditional RSI can not tell traders this. ...
What are Bandwidth Bands? This indicator uses Silverman Rule of Thumb Bandwidth to estimate the width of bands around the rolling moving average which takes in the log transformation of price to remove most of price skewness for the rest of the volatility calculations and then a exp() function is performed to convert it back to a right skewed distribution. These...
Bollinger OTT Spread (BOOTS) is a development combining Bollinger Bands with Optimized Trend Tracker (OTT) Indicator by Anıl Özekşi. Bollinger Bands have originally 3 lines: Simple Moving Average (Middle Line), Upper Band and Lower Band. BOOTS concentrates on the upper and lower Bollinger band lines. First, it calculates the OTT using the UPPER and LOWER...
Multiple OTT (MOTT) is a development on the Optimized Trend Tracker (OTT) indicator of Anıl Özekşi that is shared in his algorithmic trading courses by himself. There are 5 lines in MOTT: -The top (cyan) line is originally an OTT line, which uses the Highest price values in a default length of 80 bars in its calculation. -The bottom line (purple) is also an OTT...
Progressive Trend Tracker (PTT) is a development combining Bollinger Bands with Highest Highs and Lowest Lows by K.Hasan Alpay & Anıl Özekşi. Bollinger Bands have originally 3 lines: Simple Moving Average (Middle Line), Upper Band and Lower Band. PTT concentrates on the upper and lower Bollinger band lines. First, it calculates the bands using the Highest &...
This custom indicator dynamically draws trend lines based on the tangent angle calculated from the current price level, offering a unique perspective on market momentum and potential reversal points. Designed for traders who appreciate the integration of geometry in technical analysis, this tool provides an innovative approach to identifying trend strength and...
I tried several channels, like the supertrend, ATR, Donchian or Bollingers, but they do not seem to fit my needs. So I created a new channel to PREDICT the next impulse move of a price. The current value of the top or bottom of the channel is based on 2 previous candles (not the candle itself), and it takes into account: - The Direction of the previous candles...
This script defines an indicator called "Candle Range Extension" that calculates the range of each candle (high minus low) and then multiplies that range by 3 to get the extension distance. It then plots two lines on the chart: one line that extends 3 times the candle range above the candle's high (in green) and another line that extends 3 times the candle range...