Percentage Change Indicator This indicator calculates and displays the percentage change between the current close price and the previous close price. It provides a clear visual representation of price movements, helping traders quickly identify significant changes in the market. ## Formula The percentage change is calculated using the following...
The Whaley Breadth Thrust Indicator (WBT) is a momentum-based technical indicator designed to identify the strength of market trends. It measures the market's breadth by comparing advancing stocks to declining stocks, providing insights into whether a market is in a bullish, neutral, or bearish state. This script calculates the indicator based on the advancing and...
Hi all! I hope that this indicator helps you to be a more efficient trader. The concept is well known and useful. So this is not some magic algorithm founded by me, but rather a well known concept. The concept is the drawing of trendlines. It draws trendlines that has a retest. It draws the trendlines in different colors, the colors used are blue, red, fuchsia...
The Dynamic Level Reversal Strategy is a trading approach designed to capitalize on price movements between key support and resistance levels. This strategy leverages configurable levels the trader determines, allowing for flexibility and adaptation to different market conditions. Key Features: Configurable Levels: The strategy uses three key levels: Level 1...
Hello traders 👋 This indicator "SPX Mapped Gaps" detects gaps from the SPX (or the trader's choice of index/asset) and plots them for the asset on your chart! Features Selectable comparison symbol Gaps from the selected symbol (SPX by default) are plotted for the asset on your chart - serving as potential support/resistance levels! Closest gaps from...
What this script does: The purpose of this script is to help traders identify when the major sectors of the market are moving in one direction - also known as a "market trend day". How this script works: The indicator uses QQQ, SMH and NVDA to represent the technology side of the market, and XLF, XLV & IWM to represent everything else. It tracks where price...
This indicator seamlessly fetches any script available on TradingView, displaying an OHLC chart in the bottom panel.
Description: The Revenue Grid indicator helps traders and investors visualize a stock’s valuation by plotting horizontal lines based on its price-to-sales (P/S) ratio. This tool displays how the stock price compares to multiples of its total revenue per share, giving a clear perspective on valuation benchmarks. Fundamental Concept: The price-to-sales ratio...
## Script Description This Pine Script indicator highlights key levels from the previous day’s daily candle on any timeframe chart. It focuses exclusively on marking the following: 1. **Previous Day’s High, Low, Open, and Close**: - Horizontal lines are drawn to indicate the previous day's high, low, open, and close prices. - These lines are white and...
Algorithm Description: "RSI with Swing Trade by Kelvin_V" 1. Introduction: This algorithm uses the RSI (Relative Strength Index) and optional Moving Averages (MA) to detect potential uptrends and downtrends in the market. The key feature of this script is that it visually changes the candle colors based on the market conditions, making it easier for users to...
Precision Cloud by Dr. Abhiram Sivprasad" The " Precision Cloud" script, created by Dr. Abhiram Sivprasad, is a multi-purpose technical analysis tool designed for Forex, Bitcoin, Commodities, Stocks, and Options trading. It focuses on identifying key levels of support and resistance, combined with moving averages (EMAs) and central pivot ranges (CPR), to help...
Introduction: This document outlines a trading strategy that utilizes price action analysis and color signals to make informed trading decisions. The strategy focuses on identifying demand and supply conditions, curve patterns, and generating signals based on historical price data. The colors associated with each condition and signal serve as visual indicators to...
Prime Multi-Ticker Screener: Real-Time Market Structure and Trend Detection Tool Prime Multi-Ticker Screener is designed to track multiple tickers simultaneously, providing real-time insights into market trends and structure changes such as CHoCH (Change of Character) and BOS (Break of Structure). This tool is perfect for traders looking to monitor multiple...
Dual Channel Average Indicator The Dual Channel Average Indicator is a powerful technical analysis tool that combines two moving averages derived from price channels to provide traders with a clear visual representation of market trends and potential reversal points. Key Features 1. Dual Channel Visualization: Displays two average lines based on short-term...
Ichimoku Cloud Crosser_AIT The "Ichimoku Cloud Crosses_AIT" indicator is designed to leverage the Ichimoku Cloud components, focusing on the crossovers between the Tenkan-sen and Kijun-sen lines. This indicator visually displays these crossovers on the price chart to help traders identify potential long and short trading opportunities. 1. Indicator...
Stock vs Custom Symbol Outperformance" is a powerful technical analysis indicator designed to help traders and investors gauge the relative performance of a stock against a selected benchmark symbol. This tool enables users to easily visualize how a stock is performing in comparison to another asset, such as an index or another stock. Key Features: Custom Symbol...
Features: Simple Moving Averages (SMAs): 200 SMA (Gray): Long-term trend indicator. A widely used benchmark in many trading strategies. 50 SMA (Red): Mid-term trend indicator. 20 SMA (Green): Short-term trend indicator. These three SMAs allow traders to visualize the general market trend over different time horizons. 20% Gain on Green Candles: This feature...
This tool takes a bar's range, and reflects it above the high and below the low of that bar, drawing upper and lower bands around the bar. Repeated for each bar. There's an option to then multiply that range by some multiple. Use a value greater than 1 to get wider bands, and less than one to get narrower bands. This tool stems out of my frustration from the use...