A breakout in trading refers to a situation where the price of a security or asset moves beyond a defined level of support or resistance, which is typically indicated by technical analysis tools like Bollinger Bands . Bollinger Bands consist of three lines: the upper band, the lower band, and the middle band (or basis). The upper and lower bands are set at a...
🧾 Pivot Trendlines and Breaks A script meant to debut and provide an example usage of the Simple Trendlines library using Pine Script's built-in pivot system. In under 50 lines of code, with inputs, plots, styling, and alerts included we're able to create trendlines with a breakout system. ▶️ How it works Calculating pivot points helps traders identify...
A pivot-based breakout indicator that attempts to provide traders with a visual aid for finding breakouts on the RSI. Similar to how we use trendlines on our charts, using them on the Relative Strength Index can also give us a sense of direction in the markets. This script uses its own pivot-based system that checks for real-time swing levels and triggers a new...
Breakout Identifier is an indicator that displays breakouts which can be used to help a trader buy or sell. This is a volatility-based indicator that has customizable inputs. Each signal is also plotted with a pivot which can help to trade within a range or determine a trap. To edit the gap between each signals change signal integer, goes by price. BG colors are...
This indicator is based on Drippy2hard's 11:30 am (EST) rule. In simple terms the rule states that: If a trending stock makes a new high after 11:15-11:30am EST, there is a 75% chance of closing within 1% of High of day (HOD). Same applies for downtrend. Please note: Not all stocks will abide by this, this is backtested on stocks with avg daily...
This is a script about 20 trading pairs with trendline. -on each chart of a trading pair, there is only one trendline pair: 1 uptrendline and 1 downtrendline -so when the statistics on the table also show the column of the uptrend and the column of the downtrend -When the price approaches any trendline but the ratio is 1%, that trendline will be colored blue...
-This is an indicator for trendline traders -Pine Script strategy draws pivot points and trendlines on the chart. -This strategy allows the user to specify the interval to calculate the pivot points and the number of pivot points used to generate the trend lines . -when an up (or down) trendline is drawn according to the settings in the indicator's settings, that...
––––History & Credit–––– 📚 Credit: This script is inspired by Mark Minervini's book, "Trade Like a Stock Market Wizard". The book is a must-read for any stock trader or investor, and it's where the idea for this indicator came from. –––––What it does–––– 💡 What it does: The Minervini's Stock Under Pressure Indicator is a powerful tool for stock traders and...
The Volume Breakouts Indicator 2.0 is a comprehensive improvement on its predecessor "Volume Breakouts" with new features and improved performance. It offers high customization options where almost every aspect can be changed to suit your preferences. The main functionality of the indicator is to display volume that exceeds a certain level of relative volume with...
-This is an indicator for trendline traders -it statistics the upper and lower trend lines of the Multi Time Frame. -Pine Script strategy draws pivot points and trendlines on the chart. -This strategy allows the user to specify the interval to calculate the pivot points and the number of pivot points used to generate the trend lines. -I use the "Trendlines_Pro "...
- This is an indicator for trendline traders -Pine Script strategy draws pivot points and trendlines on the chart. -This strategy allows the user to specify the interval to calculate the pivot points and the number of pivot points used to generate the trend lines. -when an up (or down) trendline is drawn according to the settings in the indicator's settings, that...
Shows basic pivot point of support and resistance levels. Will show alerts for break of sup. or res. Allows for a volume filter for sup. res. breaks as well. "B" means break of either a Sup. or Res. level with volume greater than the threshold. "Bull/Bear Wick" means bullish/bearish candle on break. Left - number of bars left hand side of the pivot . Right...
Fibonacci Extension Fibonacci Extension is a powerful technical analysis tool that traders use to predict where the market might find support and resistance. It is based on the Fibonacci sequence and uses levels that are found by extending the 23.6%, 38.2%, 50%, 61.8%, and 100% Fibonacci ratios from a swing high or low. These levels can be used to find possible...
This is a script about 20 trading pairs with trendline. -on each chart of a trading pair, there is only one trendline pair: 1 uptrendline and 1 downtrendline -so when the statistics on the table also show the column of the uptrend and the column of the downtrend -When the price approaches any trendline but the ratio is 1%, that trendline will be colored blue...
█ OVERVIEW MATHR3E RAMP-MA (R-MA) is a trend following indicator. █ CONCEPTS Disclaimer: MATHR3E RAMP-MA indicator is intended for advanced traders and may fit your profile, whether you are a day trader or a long-term investor. It was originally developed by a renowned market analyst and documented in numerous books. Among them is the author Jason Perl. It...
Happy new year 2023 Dedicated to traders, the trendline indicator of 5 trading pairs is automatically listed in this table. Wish success -on each chart of a trading pair, there is only one trendline pair: 1 uptrendline and 1 downtrendline -so when the statistics on the table also show the column of the uptrend and the column of the downtrend -When the price...
This indicator contains a set of 5 Donchian channels (upper, lower, and basis plotted) defaulted to lengths of 25, 50, 100, 150, and 200. A set of conditions associated with the channels aims to determine ranging versus trending markets. Weights are given to these conditions accordingly, then tallied up to determine the "cloud score", ranging between -25 and 25....
Cuban's Range Positioning is the primary backbone of Cuban's Asset Screener and a fantastic standalone market screening tool. Range Positioning allows the trader to monitor the positioning of over 200+ Binance and Bybit Futures assets within a single window, with a standard measurement of performance, and also with custom watchlist support. The range...