💎 GENERAL OVERVIEW Introducing our new Theta Shield indicator! Theta is the options risk factor concerning how fast there is a decline in the value of an option over time. This indicator aims to help the trader avoid sideways market phases in the current ticker, to minimize the risk of theta decay. For more information, please check the "How Does It Work"...
This program is designed to track the previous day range and interactions with the mean threshold on the following day. The bias strategy is simple: If you create new range highs over a PDH, you will lean towards calls. If you create new range lows over a PDL, you will learn towards puts. If neither event happens, no bias can be determined and therefore no...
US Market Support & Resistance Indicator (For 5-30 Minute Timeframes) This indicator plots key support and resistance levels for the US market based on the high and low of the first candle at the market open. It also shades the area between these levels with a color that dynamically changes to indicate the current trend: * Green: Price is above the...
This script appears to be designed to identify and visualize dynamic support and resistance levels on a price chart, along with potential breakout signals. Key Components & Functionality (Inferred): Dynamic Support and Resistance: The script likely employs algorithms to calculate and plot support and resistance levels that adjust in real-time as price action...
The "Custom Text Display" indicator allows users to display customizable text in a fixed position in the bottom-right corner of their chart. Each text entry can have its own color, which can be set in the indicator's settings. Follow these steps to set up and use the indicator effectively: Adding the Indicator to Your Chart: Apply the "Custom Text Display"...
Description: The "Volume-Price Percentile Live" indicator is designed to provide real-time analysis of the relationship between volume percentiles and price percentiles on any given timeframe. This tool helps traders assess market activity by comparing how current volume levels rank relative to historical volume data and how current price movements (specifically...
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Code Description This Pine Script™ is designed to analyze the distribution of historical returns of a financial asset and project future confidence levels. It uses statistical techniques to estimate the probability of winning and losing as well as displaying confidence bands and distribution statistics. User Entries Length (252): The number of days used to...
Key Considerations for Achieving Your Goal: Capital: The amount of capital you have is a critical factor in determining your daily profit goals. A larger capital base allows for larger position sizes, but it also increases potential losses. Risk Management: One of the most important aspects of trading is protecting your capital. Successful traders typically risk...
This Pine Script code defines an indicator named "Display Quadruple Witching" that highlights the chart background in green on specific days known as "Quadruple Witching." Quadruple Witching refers to the third Friday of March, June, September, and December when four types of financial contracts—stock index futures, stock index options, stock options, and single...
The colors for resistance and support levels have been updated to gradient reds and greens for clearer distinction. The CPR band uses light blue and purple to stand out more effectively. Here's a detailed explanation of the user inputs and the typical use of **Floor Pivots for Tomorrow’s Market Range** in a trading context, focusing on support, resistance, and...
This indicator is designed to assist traders who rely on both line charts and candlestick patterns in their technical analysis. By plotting the closing price from previous bars and shifting it left by a customizable amount, this indicator overlays a line chart directly onto a candlestick chart, giving traders a clearer view of trends and key levels. Key...
Overview This simple script generates alerts based on the difference between the previous trading day's VIX close and the current trading day's opening bar. It is designed for use on the TVC version of the VIX chart, with 1-minute bars. Features The script flags one of four conditions based on the difference between the previous day's close and the...
Description: This indicator uses Geometric Brownian Motion (GBM) simulations to predict possible price trajectories of a financial asset. It helps traders visualize potential price movements, assess risks, and make informed decisions. Geometric Brownian Motion: Geometric Brownian Motion is an extension of standard Brownian motion (or Wiener process) used to...
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Componentes: Símbolo Principal: El par de divisas a analizar, definido por el usuario (por defecto, EUR/USD). Datos de Precios: Obtención de los valores de apertura, máximo, mínimo y cierre del par de divisas. Visualización: Representación de las velas en el gráfico con color azul para facilitar la interpretación visual. Uso: Este indicador es útil para traders...
Digital Clock with Market Status and Alerts - 日本語解説は下記 Overview: The Digital Clock with Market Status and Alerts indicator is designed to display the current time in various global time zones while also providing the status of major financial markets such as Tokyo, London, and New York. This indicator helps traders monitor the open and close times of different...
Options Pair Zigzag: Though we can split the chart window and view multiple charts, this indicator is useful when we view options charts. How this indicator works: The indicator works in non-overlay mode. The indicator will find other option pair symbol and load it’s chart in indicator window. It will also draw a zigzag on both the charts. It will also fetch...