The TrendDetector calculates waves on the chart using the built-in ZigZag indicator and detects a trend change after the last high/low update occurs in a minimum sequence of non-updated highs/lows. This assumes a continuation of the trend for the subsequent update of the remaining high/low. For trend determination: When you see a pink or light yellow trend...
Description: The Supertrended RSI by AlgoAlpha aims to provide traders with an optimized tool blending the efficiency of the Supertrend and Relative Strength Index (RSI) indicators. By harnessing the power of these widely respected indicators, this script seeks to give traders information on both trends and reversals. Here's a breakdown of how the script...
Description: The "⨊ Standardized Orderflow" indicator is a powerful tool designed to enhance your technical analysis and trading strategies. This script brings together several unique features such as divergences, order flow, and volume-based sentiment analysis to provide traders with valuable insights into trend direction and reversal points. Key...
Description: The Liquidity Weighted Moving Averages by AlgoAlpha is a unique approach to identifying underlying trends in the market by looking at candle bars with the highest level of liquidity. This script offers a modified version of the classical MA crossover indicator that aims to be less noisy by using liquidity to determine the true fair value of price and...
Description: Introducing the Amazing Oscillator indicator by Algoalpha, a versatile tool designed to help traders identify potential trend shifts and market turning points. This indicator combines the power of the Awesome Oscillator (AO) and the Relative Strength Index (RSI) to create a new indicator that provides valuable insights into market momentum and...
Introduction: The Squeeze & Release by AlgoAlpha is an innovative tool designed to capture price volatility dynamics using a combination of EMA-based calculations and ATR principles. This script aims to provide traders with clear visual cues to spot potential market squeezes and release scenarios. Core Logic and Components: EMA Calculations: The script utilizes...
Description: Introducing the WaveTrend Z-Score indicator by AlgoAlpha, a powerful tool designed to assist traders in identifying potential market reversal points and spotting trend shifts. This indicator combines the WaveTrend and Z-Score concepts to offer a unique perspective of market conditions. Key Features: Customizable Parameters: The indicator provides...
// Description: The ∑ MVRV Z-Score indicator by AlgoAlpha is a powerful tool for traders and analysts, designed to provide insights into the market sentiment and potential reversals on BTCUSD. This open-source script calculates the Z-Score of the MVRV (Market-Value-to-Realized-Value) ratio and offers Heiken Ashi candlestick plots, divergence signals, and more. //...
Description: The BTC Supply in Profits and Losses (BTCSPL) indicator, developed by AlgoAlpha, offers traders insights into the distribution of Bitcoin addresses between profits and losses based on Bitcoin on-chain data. Features: Alpha Decay Adjustment: The indicator provides the option to adjust the data against Alpha Decay, this compensates for the reduction...
Description: The Liquidity Guppy by AlgoAlpha offers traders a unique perspective on market liquidity and price movements. The indicator calculates a liquidity metric and uses it to generate multiple liquidity-weighted moving averages, generating a comprehensive and smooth view of market conditions. Rationale: It is common knowledge that liquidity makes it...
Description: Introducing the 𝕽𝖊𝖌𝖗𝖊𝖘𝖘𝖎𝖛𝖊 𝕽𝖆𝖓𝖌𝖊𝖘 by AlgoAlpha, an open-source script designed to visualize regression-based ranges and key Fibonacci levels. Rationale: This script aims to predict ranges using linear regressions and the difference between the local highs and lows of the price. Every time the price breaks the current range, a new range is...
Description: The "Bollinger Bands Percentile (BBPct) + STD Channels" mean reversion indicator, developed by AlgoApha, is a technical analysis tool designed to analyze price positions using Bollinger Bands and Standard Deviation Channels (STDC). The combination of these two indicators reinforces a stronger reversal signal. BBPct calculates the percentile rank of...
Description: The Momentum Bias Index by AlgoAlpha is designed to provide traders with a powerful tool for assessing market momentum bias. The indicator calculates the positive and negative bias of momentum to gauge which one is greater to determine the trend. Key Features: Comprehensive Momentum Analysis: The script aims to detect momentum-trend bias, typically...
Description: The "Trend Flow Profile" indicator is a powerful tool designed to analyze and interpret the underlying trends and reversals in a financial market. It combines the concepts of Order Flow and Rate of Change (ROC) to provide valuable insights into market dynamics, momentum, and potential trade opportunities. By integrating these two components, the...
Introduction: The Relative Spread Index (RSI) by AlgoAlpha is a specialized financial analysis tool that measures the relative performance of an asset compared to a benchmark or comparison asset. It is designed to provide a clear picture of how an asset is performing in the context of the broader market or another asset. Core Functionality: This tool employs a...
Description: Introducing the 𝓜𝓮𝓭𝓲𝓪𝓷 𝓟𝓻𝓸𝔁𝓲𝓶𝓲𝓽𝔂 by AlgoAlpha, an open-source script designed to provide traders with valuable insights into asset trends and price extremities. The script aims to show the source data relative to its median. Key Features: Customizable Lookback Length: The script allows you to adjust the lookback length, enabling you to analyze...
The Volume-Trend Sentiment indicator is a tool designed to analyze volume trends and sentiment in the market. It provides valuable insights into the strength and direction of price movements based on volume data. Traders can use this information to make more informed decisions and identify potential trading opportunities. The indicator calculates a metric called...
Description: The "∂ Limited Growth Stock-to-Flow (LG-S2F)" indicator, developed by AlgoAlpha, is a technical analysis tool designed to analyze the price of Bitcoin (BTC) based on the Stock-to-Flow model. The indicator calculates the expected price range of BTC by incorporating variables such as BTC supply, block height, and model parameters. It also includes error...