The Lot Size Formula in forex trading is a critical tool that offers several key benefits to traders: 🟢Risk Management: By using the formula, traders can control the amount of capital they risk on each trade. This helps prevent excessive losses by aligning the lot size with a predefined risk tolerance, such as 1% or 2% of the account balance. 🟢Consistent...
RishiMoney RSI The "RishiMoney RSI" indicator is designed for traders who want to leverage the power of the Relative Strength Index (RSI) across multiple timeframes. In addition to regular RSI, this script allows the users to select custom timeframes for two additional RSI calculations, making it easier to identify trends, reversals, and potential entry or...
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...
TechniTrend: Dynamic Pair Correlation Description: The TechniTrend: Dynamic Pair Correlation is a powerful and versatile indicator designed to track the correlation between two assets—whether cryptocurrencies, indices, or other financial instruments—across multiple timeframes. Understanding correlations can provide deep insights into market behavior, helping...
V20 with Prices The V20 with Prices strategy is a unique tool designed to assist traders in identifying potential buy and sell levels by analyzing continuous bullish price movements (green candles). This strategy tracks streaks of green candles and calculates key price levels based on the highest and lowest points during the streak. It highlights potential...
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 "SP500 Ratios" indicator is a powerful tool developed for the TradingView platform, allowing users to access a variety of financial ratios and inflation-adjusted data related to the S&P 500 index. This indicator integrates with Nasdaq Data Link (formerly known as Quandl) to retrieve historical data, providing a comprehensive overview of key financial metrics...
The Visible Range Volume Profile Heatmap indicator offers a visually striking and insightful way to analyze trading volume within the visible price range of your chart. This tool goes beyond traditional volume profiles by displaying volume distribution as a heatmap, where color intensity represents the volume traded at each price level. Key Features: ...
Fibonacci pivots combine Fibonacci retracement levels with pivot points to provide potential support and resistance levels. This tool is based on the idea that price tends to retrace a predictable portion of a move, after which it often continues in the original direction. Here’s a breakdown of Fibonacci pivots: 1. Pivot Point (PP) The central level that acts as...
Seasonality with Custom Interval Lookback by TradersPod Description: This script is a modified version of Kaschko's original Seasonal Trend with Interval Lookback indicator, designed to help traders analyze seasonal trends over customizable intervals. The modifications in this version provide enhanced flexibility and improved visualization, making it a...
📈 Use the Relative Strength Index (RSI) calculated across multiple time frames to generate signals 🔹 Intraday: Displays a table with real-time RSI values for the time frames of 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, and 1 day. 🔹 Standard: Displays a table with real-time RSI values for the time frames of 30 minutes, 1 hour, 4 hours, 1 day, 1 week, and...
This Indicator basically helps us to get the candles where Open = Low & Open =High. Significance: 1) Open = Low Candles ----> Such candles are very powerful, as the Open = Low marks that there aren't any sellers left below the price on that day. Denoting BULLS power and aggression. 2) Open = High Candles ----> Open = High Candles signify that as soon as the...
Sell and Buy signals based on VWAP bands and RSI values over 75 & 25.
The "DataDoodles ATR Range" indicator provides a comprehensive visual representation of the Average True Range (ATR) levels based on the previous bar's close price . It includes both the raw ATR and an Exponential Moving Average (EMA) of the ATR to offer a smoother view of the range volatility. This indicator is ideal for traders who want to quickly assess...
🔵 Introduction 🟣 Understanding ICT Opening Gaps In the realm of technical analysis, mastering the art of recognizing market behavior and pinpointing key price levels is vital for making sound trading decisions. Among the array of tools available, the concept of opening gaps stands out for its ability to provide crucial insights. The ICT (Inner Circle Trader)...
EMA 50 200 Multi-Scanner: İndikatör Açıklaması ve Kullanım Kılavuzu "EMA 50 200 Multi-Scanner" indikatörü, birden fazla kripto para çiftini farklı zaman dilimlerinde tarayan güçlü bir teknik analiz aracıdır. Bu indikatör, 50 periyotluk ve 200 periyotluk Üssel Hareketli Ortalamalar (EMA) arasındaki ilişkiyi analiz ederek, çeşitli zaman dilimlerinde potansiyel...
Harmonic Moving Average Confluence with Cross Signals Overview: The "Harmonic Moving Average Confluence with Cross Signals" is a custom indicator designed to analyze harmonic moving averages and identify confluence zones on a chart. It provides insights into potential trading opportunities through cross signals and confluence detection. Features: Harmonic Moving...
Manually track your trade record and display your results in a handy table. Good for backtesting and for making a manual ritual out of tracking your trades. This way you are less likely to overtrade during your session. This can also nice as an addendum to your charts, to show off your results and record them for later review.