█ OVERVIEW The 'Bitcoin Power Law Bands' indicator is a set of three US dollar price trendlines and two price bands for bitcoin , indicating overall long-term trend, support and resistance levels as well as oversold and overbought conditions. The magnitude and growth of the middle (Center) line is determined by double logarithmic (log-log) regression on the...
The 4C ATR is a simple indicator that plots a horizontal line on the ATR indicator, which can be used as a minimum or maximum reference value. Some trading setups have specific criteria that require a minimum ATR on a certain timeframe for the instrument to be playable. The horizontal line is useful as a quick visual reference, and can be adjusted to any...
This indicator shows both the Rolling VWAP and Standard Deviations as set by the user. The Rolling VWAP calculation is similar to the standard VWAP although it calculates the volume weighted average price over the specified period of time (lookback), resetting for each subsequent bar. The unique aspect of this indicator is that instead of calculating the RVWAP...
Who to use? This indicator is for Long Term Investors or for Position trading and not for Day traders. What time-frame to use? • Daily, Weekly or Monthly What is Blue line? • Blue line is Cumulative Moving Average. It is cumulative sum of closing price. • It is a trend reversal level. • It is a strong support level. • If price is below Blue line better not...
Using the Bollinger Band to mark areas of Support and Resistance The scrip finds the highest and lowest levels of the bands to mark up futures areas of interest. If the High/Lows are being broken on the Bollinger band, or if the look back range has expired without finding new levels, the script will stop plotting them until new levels are found I have found...
A brand new indicator adaptation via ott from OTT developer Anıl Özekşi. Optimized Trend Tracker, OTT is an indicator that provides traders to find an existing trend or in another words to ser which side of the current trend we are on. Kıvanç Özbilgiç coded OTT from the matrix program and adapted it to tradingview. This indicator adaptation works with patch...
Anıl Özekşi's latest development on his precious OTT - Optimized Trend Tracker: In this version, there are two lines of OTT which are derived from HIGHEST price values (HOTT) and LOVEST price values (LOTT) which were originally sourced to CLOSE values on default OTT. Another significant difference is there is no Support Line (Moving Average) in this...
We often hear statements such as follow the big volume to project possible price movements. Or low volatility is good for trend. How much of it is statistically right for different markets. I wrote this small script to study the impact of Volatility and Volume on price movements. Concept is as below: Compare volume with a reference median value. You can also...
The _TrendAVGZones_and_GoldenRatioMA is an indicator that is composed first of a channel made of three price averages ( base average, middle lower and middle upper ) in red is the previous corrections average and in green the previous rises average. So that way we the setting of stop loss targets and price targets can be set up at first glance. It adjusts to any...
Momentum Bars (Mo_Bars) offers a different way to visualize (relative) momentum - and uses some simple TA concepts to provide a different perspective into how we read momentum changes and incorporate that in our trading. The idea here (and the script itself) is really super simple, and is (very loosely) inspired by Elder's Impulse System (EIS) - then evolved to...
Relative strength is a calculation of the price trend of a stock or a financial instrument in comparison to another instrument, stock, or industry. It shall be determined by taking the price of one commodity and dividing it by another. Relative strength is a strategy used for determining value stocks and is used in momentum investing as well. It involves...
Determining operating range is critical for trading. You *need* to sell in premium & buy in discount. This script determines an operating range by stepping back on an HTF timeframe to calculate that HTF candle's range. If the current candle in HTF breaks out, the range expands accordingly. The timeframe mapping I've used is Intraday & <= 2H : use Daily as...
This indicator plots breaks for multiple timeframes. Works on Daily to Yearly timeframes. Currently supported timeframes : Daily Weekly Monthly Quarterly Half Yearly Yearly It currently plots all breaks together. From Indicator settings hide what you don't need and save as default settings.
This is an accumulation/distribution indicator for BTC/USD (D) based on variations of 1400D and 120D moving averages and logarithmic regression. Yellow plot signals Long Term Accumulation, which is based on 1400D (200W) ALMA, orange plot signals Mid Term Accumulation and is based on 120D ALMA, and finally the red plot signals Long Term Distribution...
This indicator is used to check the average daily volume traded per day in USD ($) The formula is: Value = Volume * ohlc4
This is my first public simple script. It expresses the color of Heiken ashi Candle on a different time chart. As you already know about it, If you change your chart directly to Heiken ashi, the value of candle changes. For eaxmple, moving average lines change little by little from Non Heiken ashi Candle. I was very uncomfortable with this. If you use this,...
This script tries to draw OBV for BankNifty using Futures Volume along with Average OBV. For Nifty50 just change the Futures Volume symbol in settings. Look at devations in Price vs OBV or Average OBV breakout. NSE:NIFTY NSE:BANKNIFTY
This indicator uses the concept of slopes and normalizes the values so that they are bounded between 0 and 100. The steps required to calculate the indicator are as follows: * Calculate the slope of the price using a lookback period (by default, it is either 14 or 21). The slope is calculated by subtracting the current close price from the close price 21 (or 14)...