🔵 Introduction The book "The Logical Trader" begins with a comprehensive review of the ACD Methodology principles, which include identifying specific price points related to the opening range. This method allows you to set reference points for trading and use points "A" and "C" for trade entry. You will also learn about the "Pivot Range" and how to combine...
This script is inspired by @LeviathanCapital work on aggregating Open Interest , as presented in the Open Interest Suite Aggregated script. This script aims to provide a liquidation map of Open Interest by identifying significant anomalies across multiple trading platforms. By integrating data from Binance, BitMEX, and Kraken, this script tries to offer a...
HTF Ascending Triangle aims at detecting ascending triangles using higher time frame data, without repainting nor misalignment issues. Ascending triangles are defined by an horizontal upper trend line and a rising lower trend line. It is a chart pattern used in technical analysis to predict the continuation of an uptrend. This indicator can be useful if you,...
█ Introduction and How it is Different The Dual RSI Differential Strategy introduces a nuanced approach to market analysis and trading decisions by utilizing two Relative Strength Index (RSI) indicators calculated over different time periods. Unlike traditional strategies that employ a single RSI and may signal premature or delayed entries, this method leverages...
Ichimoku Cloud w/ Helpers is your standard Ichimoku Cloud indicator with two additions. Checkout TradingView's write up on the Ichimoku Cloud here . The two additions added to this indicator are described below: 1 — A box is drawn centered on the current bar and stretching a length equal to the 'Senkou Span B Period'. • The box encompasses the highest...
The PE Band shows the highest and lowest P/E in the previous period with TTM EPS. If the current P/E is lower than the minimum P/E, it is considered cheap. In other words, higher than the maximum P/E is considered expensive. PE Band consists of 2 lines. - Firstly, the historical P/E value in "green" (if TTM EPS is positive) or "red" (if TTM EPS is negative)...
How this indicator works : 1. Setup and Inputs: The script sets up user inputs for various parameters such as pivot period (prd), pivot source (ppsrc), maximum channel width (ChannelW), maximum number of support/resistance levels (maxnumsr), minimum strength (min_strength), label location (labelloc), line style (linestyle), and line width (linewidth).Colors for...
Description: This technical indicator, DeltaDetector PINESCRIPTLABS, is designed to identify significant changes in the price of an asset relative to the previous close. Users can customize the percentage change they want to monitor. Usage Instructions: Adjust the desired percentage change using the "Price Change Value (%)" user input. Observe the green diamonds...
█ Description Asset price data was time series data, commonly consisting of trends, seasonality, and noise. Many applicable indicators help traders to determine between trend or momentum to make a better trading decision based on their preferences. In some cases, there is little to no clear market direction, and price range. It feels much more appropriate to...
Purpose: This indicator combines trend analysis across multiple timeframes with alerts to help identify general trends and market shifts. It visualizes trends by creating EMA clouds (The area between EMA13 & EMA21), detects confirmed EMA crossovers, and can alert users when the price re-enters the cloud or interacts with the EMA200. Input Parameters: ...
The Average Session Range or ASR is a tool designed to find the average range of a user defined session over a user defined lookback period. Not only is this indicator is useful for understanding volatility and price movement tendencies within sessions, but it also plots dynamic support and resistance levels based on the ASR. The average session range is...
Breadth Indicators NYSE - transmits the processed data from the Barchart provider NYSE - Breadth Indicators S&P 500 - Breadth Indicators DOW - Breadth Indicators RUSSEL 1000 - Breadth Indicators RUSSEL 2000 - Breadth Indicators RUSSEL 3000 - Breadth Indicators Moving Average - 5, 20, 50, 100, 150, 200 The "Percentage above 50-day SMA" indicator measures...
Strategy for Researching Whether It Is Possible to Earn Consistently by Opening Random Trades The essence of the strategy lies in generating random entries and exits based on pseudorandom numbers. The generation of pseudorandom numbers is performed by the function random_number based on the value of the seed variable. The variables entry_threshold and ...
The "Chande Momentum Oscillator (CMO) Buy Sell Strategy" leverages the CMO indicator to identify short-term buy and sell opportunities. HOW DOES IT WORK The standard CMO indicator measures the difference between recent gains and losses, divided by the total price movement over the same period. However, this version of the CMO has some limitations. The primary...
This is my first script, it is really simple logic and you probably saw something similar before. Is a crossover indicator between 2 Moving Average, one fast MA and the second slow MA. Inputs you can adjust: - 8 different source of MA's - lenght of the MA's - 7 different types of MA's ("EMA", "SMA", "RMA", "WMA", "DEMA", "TEMA", "HMA") - 3 smoothing level of the...
█ OVERVIEW The Pivot Levels Indicator provides real-time insight into key price levels within the market that can serve as powerful support and resistance levels. These levels are based on currently-relevant price-action information to ensure that the lines being drawn provide the most value to traders regardless of their trading style. The aim of this script is...
🔵 Introduction 🟣 Session The forex market operates 24 hours a day, 5 days a week, with only Saturdays and Sundays being off; traders often focus on one of the forex trading sessions instead of trying to trade in all markets 24 hours a day. Trading sessions are time intervals during which a specific financial market is active and trades are conducted. The...