From Adam H Grimes: "Introducing a New Tool: The MAC Spike" Mean Absolute Change Spikes (“MAC Spikes”). Here are the steps to calculate it: -Convert each day’s closing price to a change (difference) by subtracting it from the previous day’s closing price. -Take the absolute value of that change. -Average the past 20 days absolute values to create the...
CANDLESTICK PERCENTILE RANK █ OVERVIEW This script is designed to sample all available candles within a chosen time frame and provide a candlestick percentile rank to each candle. This script works by measuring a candle's body or its low to high value to the upside, or to the downside in percentage or in dollar value. Once the candle is measured its given a...
Overview Have you ever wondered why tickers have such erratic movements that seemingly come from nowhere? These "rug pull" events happen quite often and can catch even the most seasoned traders off-guard. Unlike most other indicators which rely on historical data to make inferences about future price movements, the Rug Pull Detector (RPD) enables you to take...
Overview: The script provides an in-depth analysis of Solana's performance and volatility. It showcases Solana's price, its inverse relationship, its own volatility, and even juxtaposes it against Bitcoin's 24-hour historical volatility. All of these are presented using the Bollinger Bands Percentage (BB%) methodology to normalise the price and volatility values...
Addressing the Shortcomings of Conventional Candle Charts I. Surmounting Volatility Challenges In the realm of combined heightened or subdued volatility and erratic market conditions, traditional candlestick charts are susceptible to deficiencies in isolating extraneous data noise (e.g. high/low wicks, given their frequent incongruity with pivotal market...
The "Robust Bollinger Bands with Trend Strength" indicator is a technical analysis tool designed assess price volatility, identify potential trading opportunities, and gauge trend strength. It combines several robust statistical methods and percentile-based calculations to provide valuable information about price movements with Improved Resilience to Noise while...
The "VWMA/SMA Delta Volatility (Statistical Anomaly Detector)" indicator is a tool designed to detect and visualize volatility in a financial market's price data. The indicator calculates the difference (delta) between two moving averages (VWMA/SMA) and uses statistical analysis to identify anomalies or extreme price movements. Here's a breakdown of its...
The " ATR Adaptive RSI Oscillator " is a versatile technical analysis tool designed to help traders make informed decisions in dynamic market conditions. It combines the Relative Strength Index (RSI) with the Average True Range (ATR) to provide adaptive and responsive insights into price trends. Key Features : Adaptive RSI Periods : The indicator introduces...
The Liquidity Heatmap is an indicator designed to spot possible resting liquidity or potential stop loss using volume or Open interest. The Open interest is the total number of outstanding derivative contracts for an asset—such as options or futures—that have not been settled. Open interest keeps track of every open position in a particular contract rather than...
This indicator plots the Volume Weighted Average Price (VWAP) as well as changes the bar color if the current price is above or below VWAP, for quick visual reference. Background Information Straight from TradingView, "Volume Weighted Average Price (VWAP) is a technical analysis tool used to measure the average price weighted by volume. VWAP is typically used...
Certainly! Here's a more concise description for the "Entoryx Volume" indicator, with less focus on the specifics of the order block bar detection: The "Entoryx Volume" is a versatile technical indicator that analyzes the relationship between price ranges and volume over a user-defined number of bars. By calculating a delta between the highest high and lowest...
Trading effectively requires a range of techniques, experience, and expertise. From technical analysis to market fundamentals, traders must navigate multiple factors, including market sentiment and economic conditions. However, traders often find themselves overwhelmed by market noise, making it challenging to filter out distractions and make informed decisions....
Introducing the "RSI Supreme Multi-Method" indicator, a powerful tool that combines the Relative Strength Index (RSI) with selectable manipulation methods to identify overbought and oversold conditions in the market, along with the ability to detect divergences for enhanced trading insights. The indicator features four distinct manipulation methods for the RSI,...
Buyers & Sellers / Range Volatility oscillator that measures the relationship of Buying & Selling Pressure to True Range. In other words, how much % Buyers and Sellers separately occupy the Bar BSP is a part of Bar Range. Entire bar metrics will always have bigger value than its composite elements (body and wicks). Since there will be NO chance of BP or SP...
Exceptionally high volume and rapid price expansion are key markers of powerful moves, especially when they occur during a breakout or breakdown. The High Volume Expansion Channel (HVEC) uses our multi-timeframe fusion and price compression/expansion algorithms to look for high volume and rapid expansion from multiple higher timeframes at once. It uses this info...
The Developing Market Profile Indicator aims to broaden the horizon of Market Profile / TPO research and trading. While standard Market Profiles aim is to show where PRICE is in relation to TIME on a previous session (usually a day). Developing Market Profile will change bar by bar and display PRICE in relation to TIME for a user specified number of past bars. ...
0)NOTE: This is first version of this indicator. It's way more complicated than it should be. Check out Moving Average-TREND POWER v2.1-(AS), its waaaaay less complicated and might be better.Enjoy... 1)INTRODUCTION/MAIN IDEA: In simpliest form this script is a trend indicator that rises if Moving average if below price or falling if above and going back to zero if...
Smoother Momentum Stops (SMS) is a dynamic tool that combines the logic of momentum and moving averages to create an overlay of the market price and generate potential trade signals. The original idea for this indicator comes from the beloved and esteemed trading indicator guru Mladen Rakic. Understanding the Framework The SMS incorporates various aspects of...