Custom Swing Index - Unleashing Precision in Trend Analysis 🌟 Overview: The Custom Swing Index is a meticulously crafted tool that empowers traders with advanced insights into market dynamics, specifically focusing on identifying potential trend reversals. Developed by AstroHub, this indicator stands out for its unique combination of price-related...
This script makes use of bullish engulfing candles, trend analysis, and time. The trend is devided between an up- and downtrend. This is based on a simple cross over strategy, using the 9 and 50 moving averages. The buys are calculated based on how many times a bullish engulfing candle was displayed on the chart during a downtrend. Bullish engulfing candles in...
What does this indicator do? This indicator plots the highest and lowest historical price for each candle for a specified time interval, so you can see for each candle which price was the historical ("local") maximum or minimum in the defined time interval. It helps you not to lose sight of previous highs and lows, even when working with short time frames. In...
First Indicator in a (hopefully) many indicators to help bring Al Brook's methodoligies to Pine Script. This indicator plots the highest and lowest close from the first 18bars of the NY session and uses them to plot the 18bar MM. Most days, a BO of the 18bar range is met. This is help to keep track of that key price action on your chart. It doesn't plot until...
Components Description: Relative Strength Index (RSI): Purpose: Measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. Implementation: The script allows users to set the length of the RSI calculation and defines overbought and oversold levels, which can be visually represented on the...
This script will highlight candles that have 70 or more points difference between open and close price. It ignores high and low prices.
This script is designed as an analysis tool to visually represent the relative strength of bullish and bearish market sentiments over a specified number of candles. It calculates and displays the percentages of bullish and bearish "candle bodies" as part of the total price range observed in the chosen period. Here's a breakdown of its functionalities: ...
This script is designed to calculate and display the percentage representation of wick lengths in relation to the total candle range for the last 100 candles on a trading chart. Here's a breakdown of its functionality: Indicator Initialization: It sets up an indicator named "Wick Percentages Table" (WPT) that overlays on the trading chart. Variables...
This indicator shows the body size of candlesticks and highlights the largest ones. It is convenient to use it together with my growing volume indicator. In this way it is easy to compare volume and result to find confirmations or discrepancies.
This script divides candles into 3 equal parts with yellow stripes and divides candles in half with a blue stripe in the middle.
"When you want to analyze charts in reverse correlation with this indicator, reversing the candle colors can assist you in easier analysis. For example, you can invert the USDT.D chart, which moves inversely with cryptocurrencies, using ALT+I, and with this indicator, you can also reverse the candle colors to correlate the chart effectively. Good luck with your...
Gather two EMA lines into one indicator to simplify your chart and enhance its efficiency, while also helping to avoid exceeding the limit on the number of indicators.
This script draws incremental percentage lines based off the previous day's regular session close.
This script draws incremental percentage lines based off the previous day's regular session close.
This overlay indicator provides a visual representation of momentum and price direction within each bar (or candlestick). It does this by comparing the current bar's open, high, low, and close to the previous bar's values, highlighting the following conditions: Strong Up (Green): All four components (open, high, low, close) are higher than the previous bar. Weak...
💎 GENERAL OVERVIEW Introducing our new Liquidity Grabs indicator! This indicator can renders bubbles with different sizes at candles that have liquidity grabs, which happen when a liquidity areas (buyside / sellside liquidity) is swept. These candles often fill a lot of market orders that were sitting on the liquidity zone. You can check "How Does It Work"...
This script is just for fun. It generates a Planet and a Zodiac Sign at the close of each candle. The candle is "sliced" into 7 sections, one for each Planet and the close lands in one of those sections. The candle is "sliced" into 12 sections, one for each Zodiac and the open lands in one of those sections. You could use it to generate a quick "answer" to a...