The "Dynamic Support & Resistance Tracker" is a powerful Pine Script study designed to identify and visualize key support and resistance levels on a trading chart. This study dynamically adjusts to market conditions, providing traders with valuable insights for making informed trading decisions. Key Features: Dynamic Support & Resistance Lines: The script...
The F.B_Volume Weighted Average Price MTF (VWAP MTF) indicator calculates the volume-weighted average price of a security across different timeframes. The VWAP is a powerful indicator used by both institutional and retail traders to make better trading decisions. Functionality: Timeframe: The indicator allows you to adjust the timeframe for the VWAP...
The KumoTrade Ichimoku Strategy is an advanced trading strategy designed to help users identify market trends and potential trading opportunities using the Ichimoku Kinko Hyo technical analysis indicator. This strategy leverages the Ichimoku cloud (Kumo) along with other crucial indicators such as the Tenkan-sen and Kijun-sen lines to generate strong...
█ OVERVIEW The Opening Range Breakout is a powerful trading tool that indicates a strong range based on the high and low of the first fifteen or thirty minutes after market open. This range serves as a potential area of Support or Resistance that traders should be aware of during their trading. Because of this, the Opening Range Breakout is a versatile trading...
**IF YOU NEED EXTRA SPECIAL HELP UNDERSTANDING THIS INDICATOR, GO TO THE BOTTOM OF THE DESCRIPTION FOR AN EVEN SIMPLER DESCRIPTION** Dickey Fuller Test: The Dickey-Fuller test is a statistical test used to determine whether a time series is stationary or has a unit root (a characteristic of a time series that makes it non-stationary), indicating that it is...
An Indecisive Candle, often referred to as a Base Candle, is a pivotal element in technical analysis, particularly for identifying institutional supply and demand zones. These candles are characterized by their small bodies and long wicks, reflecting a balance between buyers and sellers, indicating a potential pause or consolidation in the market. To calculate...
■About this indicator This indicator divides the selected stocks by any stocks you specify and plots the result in a new pane. At the same time, it plots the GMMA against the result of the division. This allows you to see the relative chart and trend of the selected stock and the arbitrary stock. Quote Symbol: Specify the denominator of the division. The default...
Indicator Purpose: This indicator, titled "Uptrick: RSI MA Buying/Selling signals" or "UpRSIMA," aims to provide buying and selling signals based on the Moving Average (MA) of the Relative Strength Index (RSI). It plots the RSI MA line and highlights whether the RSI MA value is above or below 50, indicating potential bullish or bearish signals, respectively. RSI...
Engulf Scan Introduction: The Engulf Scan indicator helps users identify bullish and bearish engulfing candlestick patterns on their charts. These patterns are often used as signals for trend reversals and are important indicators for traders. Engulf Scan signals are generated when an engulfing pattern is swallowed by another candlestick of the opposite...
Volume-Enhanced Momentum Moving Average (VEMMA) Overview: The Volume-Enhanced Momentum Moving Average (VEMMA) helps you spot market trends by combining momentum and volume as a moving average. This unique moving average adjusts itself based on the strength and activity of the market, giving you a clearer picture of what’s happening. How It Works: 1. Key...
Pivot points are technical indicators used in financial markets (such as stocks, forex, or commodities) to identify potential turning points in price movement. They provide reference levels based on the previous day’s price action. How to use the Pivot Points indicator Traders use pivot points to identify significant price levels where the market may reverse or...
English User Guide Script Name: Pivot Point Calculator What Does This Script Do? This script calculates classic and Camarilla pivot points used in financial markets. Pivot points are used to identify key support and resistance levels, and this script helps traders better understand market movements. How to Use It? Add the script to your charts on...
This indicator puts a selection of elements together providing traders with insights into price dynamics, trend changes, and potential trading opportunities within the specified timeframe. Trading Range Defined by Support and Resistance : Support and resistance levels are calculated using the lowest low and highest high over specified periods. These levels...
█ OVERVIEW The Fibonacci 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 as well as key Fibonacci ratios to ensure that the lines being drawn provide the most value to traders regardless of their...
Overview This script is designed to generate trading signals based on the Supertrend indicator, a popular technical analysis tool. The Supertrend indicator is used to identify the direction of the market trend and potential reversal points. Supertrend Settings The script uses two sets of Supertrend settings: Small Supertrend Factor: 3.0 ATR Period: 10 ...
█ OVERVIEW The Premarket Levels indicator measures the premarket high and low of any given market. The Premarket Levels creates potential strong resistance and support levels based on the premarket high and low which traders can use to gauge the market outlook ahead of the regular open. The aim of this script is to simplify the trading experience of users by...
Introducing "The Next Pivot (With History)"! With permission from the author @KioseffTrading The script "The Next Pivot" has been restructured to show historical projections! Features Find the most similar price sequence per time frame change. Forecast almost any public indicator! Not just price! Forecast any session i.e. 4Hr, 1Hr, 15m, 1D, 1W ...
Papercuts Recency Candles V0.8 by Joel Eckert @PapercutsTrading ***This is currently an experimental visual exploratory concept.*** *** Experimental tools should only be explored by fellow coders and experienced traders.*** DESCRIPTION: As coders, how can we seamlessly transition between actual and smoothed price data sets as data ages? This is a...