This is Dynamic Support / Resistance script.
How it Works?
It finds Pivot Points and creates channels for each Pivot Point. Channel size is calculated by (Highest - Lowest) * %Channel_size in Loopback Period. After creating channels it calculates that how many Pivot Points in the channels. more Pivot Points in channel means stronger Support/Resistance. in the...
This is a great tool to find confluences between Fibonacci Pivot point on various time frames.
Fib Pivots used
23.6%
38.2%
50%
61.8%
76.4%
100%
127.2%
141.4%
161.8%
200%
If price is between two levels on the update the lines shift
Yearly Pivots shown on 1m - Daily timeframes
PIvots recalculate on every day
Monthly pivots show on 1m - 60m timeframes
Pivots...
Example of how to apply and use Dynamic Zones with an indicator by injecting it's source into my adaptation of the original idea by Leo Zamansky, Ph.D., and David Stendahl.
• Load your desired oscillating indicator on your chart (CCI, RSI, etc).
• Load my "How To Use Dynamic Zones" indicator on your chart.
• In the "How To Use Dynamic Zones" indicator settings...
This indicator paints the background of the chart between 2 EMAs when all 3 given EMAs are in sync.
The default settings are:
Long-term EMA: 200 Period.
Short-term EMA 1: 50 Period.
Short-term EMA 2: 20 Period.
So according to the default settings, when the 20EMA is above the 50EMA, and the 50EMA is above the 200EMA, the area between the 20EMA and the...
The Dynamic RSI indicator is a kind of exponential RSI. The overbought and oversold levels (respectively HiLine and LoLine) are calculated according to the recent highest and lowest values of the Dynamic RSI line.
here comes open source version of notorious JFT Indicator ( the indicator access you can get in some bucks ) on various telegram channels however they will not give code.
Now how it works
1. 2 ranges derived from indicator are supposed to be a consolidation zone and any close above or below is supposed to give a good move.
2. I personally consider it as may be...
For all the McGinley enthusiasts out there, this is my improved version of the "McGinley Dynamic", originally formulated and publicized in 1990 by John R. McGinley, Jr. Prior to this release, I recently had an encounter with a member request regarding the reliability and stability of the general algorithm. Years ago, I attempted to discover the root of it's...
█ OVERVIEW
The panel display trend momentum of selected coins/symbol (up to 6) based on the Arnaud Legoux Moving Average (ALMA). I'm using ALMA to measure the trend because it resolves 2 main issue of the more common moving averages, smoothing and responsiveness. By removing the minor fluctuations in price without sacrificing the responsiveness, the trend become...
Similar scripts exist but I haven't seen one using WaveTrend and I haven't seen one that hand picks evenly divided colors between GREEN-YELLOW-RED.
The green is exact green, the yellow is exact yellow, and the red is exact red.
Not complicated, just useful.
Hello everyone
I received a ton of requests for this script so I decided to share it
I did it for a client who didn't want to pay (you can all blame... or even thank him for this script) in the end and I don't want to sell it on my website.
Not because it's not interesting but because my website will be a place to showcase and rent the Algorithm Builders...
This script has the option to disable the MTF feature and use it as a plain DTOscillator.
The lines are the fast and slow signals for the current timeframe.
The columns are the second timeframe %K levels.
Green columns signify the second timeframe %K is greater than the second timeframe %D, Red is the reverse of this.
McGINLEY DYNAMIC with FRACTAL DEVIATION BANDS.
Ver. 1.0.beta.25.08.2015
By Ricardo M Arjona @XeL_Arjona
DISCLAIMER
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets. -- ...
Multi Bar OHLC Compare Panel by RagingRocketBull 2019
version 1.0
This indicator lets you compare OHLCV values from several specified bars. Bars can be dynamic/persistent.
You can also use it as an alternate OHLC panel if you don't like small font of the native TradingView panel.
It uses Pinescript v4 to output data dynamically as string labels in a...
A dynamic envelope is designed to build an actual envelope that consider the volatility of a trading instrument.
A dynamic envelope is an ideal counter-trend indicator, it takes into account the nature of the movement of the instrument. At the same time, it does not require adjustment of parameters over time, it adjusts itself to volatility.
The indicator can be...
"Dynamic Money Flow is a volume indicator based on Marc Chaikin's Money Flow with a few improvements.
It can be used to confirm break-outs and trends." (RezzaHmt)
This is the script from RezzaHmt called "Dynamic Money Flow".
All I did is the color change of the line because I find it easier to read that way.
Here you can find the original script explaining the...
DYNAMIC S&R 2.0 is available:
--
This simple script will add in your chart "dynamic support/resistance" and the possible entry point.
Here is OSOIL Chart:
This indicator is not designed to be used as a bot, but only to help your trades :) If you consider this useful, please consider donate: 1NR9tyn8tAn6nuQzosaZ2SkfT38PLxN5mf
![XAUUSD: TDI - Traders Dynamic Index [Goldminds]](https://s3.tradingview.com/9/9Ltwsixb_mid.png "TDI - Traders Dynamic Index [Goldminds]")
![KNCBTC: Dynamic Money Flow with color switch [aamonkey]](https://s3.tradingview.com/i/iwpsd6lr_mid.png "Dynamic Money Flow with color switch [aamonkey]")
