This Pine Script indicator allows you to accurately measure the angle of any given source line on a chart. The angle is calculated based on the slope of the line, providing insights into the direction and steepness of the line's movement. By utilizing mathematical calculations and trigonometric functions, the indicator helps traders and analysts assess trends and...
The QQE (Quantitative Qualitative Estimation) Weighted Oscillator improves on its original version by weighting the RSI based on the indications given by the trailing stop, requiring more effort in order for a cross with the trailing stop to occur. 🔶 USAGE The QQE Weighted Oscillator is comprised of a smoothed RSI oscillator and a trailing stop derived...
█ Overview The Machine Learning Momentum Index (MLMI) represents the next step in oscillator trading. By blending traditional momentum analysis with machine learning, MLMI delivers a potent and dynamic tool that aligns with the complexities of modern financial landscapes. Offering traders an adaptive way to understand and act on market momentum and trends,...
This indicator uses the somewhat crude method of calculating bear/bull markets using the following popular ' 20% rule ': A bear market begins when an asset trades 20% below its recent high for more than two months, a bear market ends when an asset trades 20% above its recent low for one month or more. The 1d time-frame should be used, here's why: "A bear...
Truncates or caps the height of the volume bar. Many times, there is a day where the volume eclipses the recent volume and makes the rest of the volume compressed and difficult to see. This script cuts off the volume at a user defined multiple of average daily volume and places a label above and to the left showing the true volume. My one gripe is that it...
This indicator helps you to display multiple consecutive regular divergences. - Ability to detect single, double and triple divergences (consecutive divergences) A (bearish) single divergence occurs when the price peaks higher than the previous peak, but the oscillator value (e.g. RSI) decreases. These conditions are a sign of reduced demand and there is a...
This indicator will overlay the book value per share along with the price chart so that you can quickly judge where the price is in relation with the value of the company.
Binance Spot/Perp Premium Indicator This indicator visually shows the price difference (called "Premium") between the perpetual contract and the spot market of a particular cryptocurrency on Binance. Histogram: Displays the premium amount. Positive values are shown in blue and negative values in purple. Blue Circle: Appears below the bar when the premium goes...
Alerts: The updated script includes alerts for when the current price touches either the previous day's high (PDH) or low (PDL). This allows traders to receive notifications when these levels are breached. Observing PDH/PDL: The script will display a single horizontal line representing both the Previous Day High (PDH) and Previous Day Low (PDL) from yesterday on...
Displays YTD % Gain/Loss and Drawdown % from ATH as labels.
The Precision Divergence Finder Indicator by Roger Medcalf of Precision Trading Systems. This product does best on markets with actual volume to function at its best. Risk control is essential and risking more than 1% to 1.5% of your capital from entry price to stop would not be advised. PTS Divergence Finder accurately measures the number of divergences which...
Mike Webster described the PowerTrend What Starts a Power Trend? Low is above the 21-day EMA for at least 10 days. 21-day EMA is above the 50-day SMA for at least five days. 50-day SMA is in an uptrend. Closes up for the day. What Ends a Power Trend? 21-day EMA crosses under 50-day SMA. Close 10% below the recent high and below the 50-day SMA. I...
INTRODUCTION The Dynamic Levels Breakouts indicator is a powerful tool designed to identify dynamic support and resistance levels in the price action. It plots these levels on the chart and provides visual signals for bullish and bearish breakouts. FEATURES 1. Dynamic Support and Resistance Levels. The indicator calculates the maximum (resistance) and...
Library "imlib" Description The library allows you to display images in your scripts utilising the objects. You can change the image size and screen aspect ratio (the ratio of width to height which you can change if the image is too wide / tall). The library has "example()" function which you can use to see how it works. It also has a handy "logo()" function...
The Indicator Based Market Exposure (IBME) system was created by Big Wave Chartist as a way to navigate the markets using a confluence of three different signals to determine when the "internals" of the market are in your favor and how heavily invested to be at any point. The idea of the system is also to flash warning signs when the market internals are beginning...
Strategy - Relative Volume Gainers Overview: This trading strategy, called "Relative Volume Gainers," is designed for Long Entry opportunities in the stock market. The strategy aims to identify potential trading candidates based on specific technical conditions, including volume, price movements, and indicator alignments. Strategy Rules: The strategy is...
Daily bias is one of the most powerful tools when it comes to intraday trading. Ttrades published a youtube video, in which he showcases his mechanical way of determing the daily bias based on ICTs and the MMXM Traders Teachings. This indicator is based on those concepts. The rules for this indicator are simple. scenario 1 - first line of table Close above...
█ Overview The Candles In Row (Expo) indicator is a powerful tool designed to track and visualize sequences of consecutive candlesticks in a price chart. Whether you're looking to gauge momentum or determine the prevailing trend, this indicator offers versatile functionality tailored to the needs of active traders. The Candles In Row indicator can be an...