Description: The "RSI Bar" indicator is a versatile tool designed to enhance your technical analysis on trading charts. This Pine Script™ code calculates the Relative Strength Index (RSI) for open, close, high, and low prices, and represents the results as bars on the chart. The bars are color-coded based on whether the closing RSI is higher or lower than the...
This indicator provides an estimation of buy and sell volumes in the market. The estimated buy volume is represented by a blue-green color, while the estimated sell volume is depicted in purple. Both of these are highlighted with a solid fill. Additionally, the Rate of Change for the buy volume is shown in a solid green line, and for the sell volume, it's...
💎 GENERAL OVERVIEW Introducing our new Inversion Fair Value Gaps (IFVG) indicator! Inversion Fair Value Gaps occur when a Fair Value Gap becomes invalidated. They reverse the role of the original Fair Value Gap, making a bullish zone bearish and vice versa. With this indicator, you can now see the volume of the bar that invalidated the FVG, which is also the bar...
Library "series_collection" A personal collection of commonly used series types like moving averages that are supported directly by the pinescript library ('ALMA', 'DEMA', 'EMA', 'HMA', 'RMA', 'SMA', 'SWMA', 'VWMA', 'WMA'), highest and lowest source, median and pivots. One single function (with overloads) that can be configured easily by the user input and can...
Turtle Trader Strategy : Introduction : This strategy is based on the well known « Turtle Trader Strategy », that has proven itself over the years. It sends long and short signals with pyramid orders of up to 5, meaning that the strategy can trigger up to 5 orders in the same direction. Good risk and money management. It's important to note that the...
Welcome to my open-source indicator that uses trading volume and market trends to identify potential support and resistance levels. This tool is great for seeing where the price might pause or reverse, helping you make more informed trading decisions. Why You'll Love This Indicator: Volume Awareness: It looks at how much trading is happening to better...
The Rotation Factor objectively measures attempted market direction(or market sentiment) for a given period. It records the cumulative directional attempts of auction rotations within a given period, thus, helping traders determine which way the market is trying to go and which market participant is exerting greater control or influence. Theory The premise is...
The ICT Unicorn Model indicator highlights the presence of "unicorn" patterns on the user's chart which is derived from the lectures of "The Inner Circle Trader" (ICT) . Detected patterns are followed by targets with a distance controlled by the user. 🔶 USAGE At its core, the ICT Unicorn Model relies on two popular concepts, Fair Value Gaps and Breaker...
Volatility System (Volatility Stops) Similarity Most traders adjust their stops over time in the direction of the trend in order to lock in profits. Apart from moving averages, one of the most popular techniques is trailing stops using a multiple of Average True Range. There are several variations: The original Volatility System(Volatility Stops), introduced...
Introducing the Standardized Orderflow indicator by AlgoAlpha. This innovative tool is designed to enhance your trading strategy by providing a detailed analysis of order flow and velocity. Perfect for traders who seek a deeper insight into market dynamics, it's packed with features that cater to various trading styles. 🚀📊 Key Features: 📈 Order Flow...
Introducing the Standardized Median Proximity by AlgoAlpha 🚀📊 – a dynamic tool designed to enhance your trading strategy by analyzing price fluctuations relative to the median value. This indicator is built to provide clear visual cues on the price deviation from its median, allowing for a nuanced understanding of market trends and potential reversals. 🔍 Key...
🎲 An extension to Chart Patterns based on Trend Line Pairs - Flags and Pennants After exploring Algorithmic Identification and Classification of Chart Patterns and developing Auto Chart Patterns Indicator , we now delve into extensions of these patterns, focusing on Flag and Pennant Chart Patterns. These patterns evolve from basic trend line pair-based...
This script calculates "Global Net Liquidity" using various financial data sources, and integrates Rate of Change (RoC) visualization alongside an Equity Hull Moving Average (HMA) plot. It also features an additional "Global Liquidity" metric that is subsequently scaled and plotted. First, several financial indicators are requested and combined to form the...
This is an Ichimoku cloud (long) strategy with both pump signals and trend signals. It has both ATR stop loss, trailing percentage stop loss and also ichomoku cloud exit signal. You can also combine the ATR stop loss and the trailing percentage stop loss with the Ichimoku cloud exit signal and a the take profit percentage. In this example I use the default ATR...
Engulfing Candle + RSI Indicator by Stttrading F.Velazquez Description: Discover a powerful tool for market analysis with the Velas Engulfing + RSI Indicator. Crafted by Stttrading Franco Velazquez, this indicator seamlessly blends engulfing candle patterns with the precision of the RSI filter. What sets it apart is its unique approach – signals are...
The indicator quantifies the relative position of a symbol's current closing price in relation to its historical all-time high (ATH). By evaluating the ratio between the ATH and the present closing price, it provides an analytical framework to estimate the potential gains that could accrue if the symbol were to revert to its ATH from a specified reference point....
Script Description: This script is to tie the major futures indexes together at a macro level with the normal relationships (i.e. 10YR Yield, DXY, VIX inversely related to Equities) and determine how strong the correlation is between them using a 20 period average. For example, a move up in the 10YR yield while having a strong inverse covariance with equities...
The Rotation Factor objectively measures attempted market direction(or market sentiment) for a given period. It records the cumulative directional attempts of auction rotations within a given period, thus, helping traders determine which way the market is trying to go and which market participant is exerting greater control or influence. Theory The premise is...