We determine if the price is below EMA 9 by comparing the close price with EMA 9. We determine if the current candle body is huge compared to the previous candle's body. We plot EMA 9 in black color and EMA 200 in green color. We plot blue triangles below the bars for EMA crossover above and red triangles above the bars for EMA crossover below. We set the color of...
Hey y'all If you are like me and you keep a record of your performance, adding date and symbol information will surely help you. You can choose English or Spanish, and also choose between full or abbreviated date. If you want to see the day and if you want to see the symbol. You can customize position, text size, text color, background.
Inside Bar Detection: The function isInsideBar() checks if a bar is an inside bar, meaning its high is lower than the previous bar's high and its low is higher than the previous bar's low. Inside bars are highlighted with an orange color. Bearish Candlestick Patterns: Bearish Engulfing: When the current candlestick's body completely engulfs...
Input Parameters The script has three input parameters: · length: an integer input with a default value of 20, likely used for calculating moving averages or other indicators. · zoneSize: a decimal input with a default value of 1.5, likely used to define the size of the "holding zone". · entryZone: an integer input with a default value of 50, likely used to...
//@version=5 indicator("Trading Strategy with EMA, MACD, RSI, and Bollinger Bands", overlay=true) // EMA ema200 = ta.ema(close, 200) plot(ema200, title="EMA 200", color=color.blue, linewidth=2) // MACD = ta.macd(close, 12, 26, 9) plot(macdLine, color=color.orange, linewidth=2, title="MACD Line") plot(signalLine, color=color.blue, linewidth=2, title="Signal...
Overview The "Candle Size with Moving Averages and Alerts" indicator is designed to provide traders with a visual representation of the size of each candle. This is useful for identifying periods of high volatility or significant price movements. The indicator also offers moving averages of the candle sizes and customizable alert thresholds to notify traders of...
This Pine Script indicator calculates and visualizes the price movement for each candlestick on the chart. - **Calculation**: The price movement for each candle is determined by subtracting the opening price from the closing price. - **Visualization**: The price movement is plotted as a histogram, with positive values indicating upward movement (green bars)...
Name: "Binance-Bybit Cross Chart: Spot-Perpetual Correlation" Category: Scalping, Trend Analysis Timeframe: 1M, 5M, 30M, 1D (depending on the specific technique) Technical analysis: This indicator facilitates a comparison between the price movements shown on the Binance spot chart and the Bybit perpetual chart, with the aim of discerning the correlation between...
Title: Enhanced Candlestick Pattern Identifier with Body Ratio Analysis Description: This Pine Script, titled "Enhanced Candlestick Pattern Identifier with Body Ratio Analysis," is designed to aid traders in visualizing key candlestick formations that have significant implications for trend reversals and continuations. It uses the body ratio of candles to...
The "High-Low Difference" indicator calculates the difference between the high and low prices within a specified period. In technical analysis, the high and low prices of an asset over a given period can provide valuable insights into the price volatility and trading range. By subtracting the low price from the high price, this indicator quantifies the range...
Inside bars occur when the current bar's high is lower than the previous bar's high and the current bar's low is higher than the previous bar's low. The script changes the color of inside bars to orange for better visualization.
Opening Range Lines Indicator The Opening Range Lines indicator, abbreviated as "OR Lines," is a tool designed to visualize the price range established during the initial moments of a trading session. It helps traders identify significant levels of support and resistance based on the price action during the opening minutes of the session. Features: Customizable...
We present you indicator, that is developing trendline breakout strategies. Our team studied different trendline breakout strategies in all details and realised, that performance could be significantly improved by considering of additional parameters, that aren't in the original strategies. We tested it for 6 months on all markets and after analysing of more than...
Adaptive Signal Oscillator (ASO) Indicator Usage Guide Overview The Adaptive Signal Oscillator (ASO) is a sophisticated indicator designed to identify buy and sell signals by analyzing market trends using a combination of Money Flow Index (MFI), Chande Momentum Oscillator, and Adaptive Moving Average. This indicator helps traders make more informed trading...
Quantum Murrey Levels (QML) Indicator Usage Guide Overview The Quantum Murrey Levels (QML) indicator is a sophisticated tool designed for identifying significant support and resistance levels based on Murrey Math principles. This indicator helps traders to spot potential reversal points and make more informed trading decisions. It includes options for...
True Market Structure Overview The True Market Structure is a technical analysis tool designed for use across all timeframes. It identifies and visualizes market structure breaks (MSBs) and break of structure (BOS) events, emphasizing interim highs and lows using the "Deroz Wick" system. Unlike many other indicators, this tool does not rely on traditional pivot...
We present you indicator, that is developing trendline breakout strategies. Our team studied different trendline breakout strategies in all details and realised, that performance could be significantly improved by considering of additional parameters, that aren't in the original strategies. We tested it for 6 months on all markets and after analysing of more than...
It is very interesting to see the double moving averages (EMA+SMA) stacked together. EMA is represented by a thick line and SMA is represented by a thin line. Commonly used parameters are 20 days, 60 days, and 120 days. SMA is a simple moving average, which is the concept of the average closing price of N days. It can be roughly regarded as the average holding...