OBJECTIVE: The objective of this indicator is to synthesize, via PCA (Principal Component Analysis), several of the most used indicators with in order to simplify the reading of any asset on any timeframe. It is based on my Bitcoin Risk Long Term indicator, and is the evolution of another indicator that I have not published 'Average Risk Indicator'. The idea...
This indicator allows you to filter candlesticks based on their body (the real body) and wick lengths. Specifically, it marks candlesticks based on the following criteria: For Bearish Candles: 1. The close price is lower than the open price (indicating a bearish candle). 2. The difference between the high and the maximum of open and close is less than or equal to...
I have integrated my past scripts and brushed them up further. This tool allows for support/resistance, stop loss, take profit, and trend analysis using RSI and Fibonacci ratios. For example, the Fibonacci ratio is used as follows l1 = m - dist * 0.618 l2 = m - dist * 1.618 l3 = m - dist * 2.618 l4 = m - dist * 4.235 l5 = m - dist * 6.857 l6 = m - dist *...
This Pine Script is designed to create a trading indicator with moving averages (MA) and relative strength index (RSI), along with arrow signals and background color changes based on those signals. Here's a description of its functions: 1. Moving Averages and RSI Calculation: - Two moving averages (`fastMA` and `slowMA`) are calculated based on user-input...
Hello traders A customer gave me the idea indirectly after I made an update to that script: Supertrend MTF Heatmap Important Notes The backtest results aren't relevant for this educational script publication. I used realistic backtesting data but didn't look too much into optimizing the results, as this isn't the point of why I'm publishing this...
This script is an enhancement of the original RSI (Relative Strength Index) indicator for TradingView. While the core RSI functionality remains intact, several powerful features have been added to make it a "Better RSI" tool for traders and investors. Key Features: 1. Divergence Detection: The script now includes both Bullish and Hidden Divergence detection....
The Adaptive SMI Ergodic Strategy aims to capture the momentum and direction of a financial asset by leveraging the Stochastic Momentum Index Indicator (SMI) in an ergodic form. The strategy uses two lengths for the SMI, a shorter and a longer one, and an Exponential Moving Average (EMA) to serve as the signal line. Additionally, the strategy incorporates...
The indicator tracks the smallest movements of price action. It can monitor and analyze market context, attempting to identify trends within each time frame. If a candle has its entire body above the previous swing high, it indicates a strong upward momentum. The market is leaning towards an upward direction. If the candle remains within the range of the previous...
This script creates a custom indicator, visualizes two RSI values (RSI1 and RSI2) on the chart and generates alerts based on different RSI-related conditions, which can be used for technical analysis and trading strategies. Users can customize the RSI parameters and alert levels according to their preferences. It includes several input parameters that allow the...
The Volume-Weighted RSI takes a new approach to the traditional calculation of the RSI in using a price::volume calculation. As some traders consider volume to be a leading indicator for price, the volume-weighted RSI can come in handy if you want to visualize volume easier. Usage This indicator builds the RSI from the square of the volume change and the price....
This indicator is meant to help those using ICT's methodology. This script simply highlights the NY session with green and red zones. The red zone can help to indicate periods you do not want to trade, for example, NY lunch session. Timings and colors and customizable with an easy user interface.
The strategy is based on the intersection of two moving averages, which requires adjusting the parameters (ratio and multiplier) for the moving average. Basis MA length: multiplier * ratio Signal MA length: multiplier The SuperTrend indicator is used for additional confirmation of entry into a position. Bollinger Bands and position reversal are used for...
The "Breaks and Retests with Volatility Stop " indicator is a powerful tool designed to assist traders in identifying key support and resistance levels, breakouts, retests, and potential trend reversals. This indicator combines two essential components: support and resistance detection, and a Volatility Stop indicator for improved risk management. Below are the...
The "RMI Trend Sniper" is a powerful trend-following indicator designed to help traders identify potential buy and sell signals in the market. It combines elements of the Relative Strength Index (RSI) and the Money Flow Index (MFI) to provide a comprehensive view of market momentum and strength. 🔷 Key Features: 🔹 Customizable Settings : Tailor the indicator to...
The SuperJ indicator is a powerful tool that utilizes VWMA (Volume Weighted Moving Average) and ALMA (Arnaud Legoux Moving Average) to filter and enhance the KDJ indicator, resulting in a smoother J line and the creation of the SuperJ indicator. By incorporating TVMA (Triggered Volume Moving Average), the SuperJ indicator can generate trigger signals that can form...
How This Indicator Script Works: 1. This indicator script calculate the monthly SIP returns of any market over any user defined period. 2. SIP stands for Systematic Investment Plan. It is a way to invest in any asset by regularly investing a fixed amount of money at regular intervals for example Monthly, Weekly, Quarterly etc. 3. This indicator Calculate the...
90m cycles for 7:30-9, 9-10:30, 10:30-12 This indicator shows the 90 minute cycles for 7:30am-9am, 9am-10:30am and 10:30am-12pm New York time.
The Stocks Seasonality Gauge (SSG) Indicator is meticulously engineered to assist traders in discerning the historical and current performance trends of a particular stock, leveraging a blend of historical data analysis and Exponential Moving Average (EMA) computations. Through the lens of seasonality and recent price movements, this indicator provides a rich...