This indicator is created for user to identify BIG CANDLE "BC" in order to identify momentum in the chart. Big candle is identify by size of the body candle (body size = |open - close|). The script will compare previous size of 20 candles and will plot "BC" if the body size candles is bigger compared to 20 body candles before. "BC" in Green color = Bullish Big...
Hello everyone, This Script is designed to show relative strength or relative weakness. It takes the stock your looking at and compares it to the sector it is in and to SPY. It evaluates strength or weakness on every candle. In this specific script it is only designed for the communications sector(XLC), so all the names I have inputted into the script fall...
EN description The indicator determines signs of liquidations of futures contracts. It works according to the author's algorithm based on: prices, volumes, levels and candlestick analysis. The larger the diamond, the greater the volume of potential liquidations of longs or shorts was on a particular candle. There are 5 sizes of diamonds: small, conditionally...
Order Flow Footprint Real-time chart (also known as Cluster chart, bid/ask profile, bid/ask cluster, numbered bars) is a concept of drawing candle internal structure and showing bid and ask transactions inside the candle. Values on left side of a candle are bids - Transactions done by active sellers with passive buyers. Values on right side of a candle are asks -...
This indicator plots out the time periods and open lines as outlined in ICT's 2022 Mentorship and is designed specifically for the New York futures trading session. Time zone is set to GMT-4 (NY) by default but can be changed for accommodate daylight saving in the menu. Please note this indicator is to be used only on the 30min timeframe and below. Here are its...
This indicator detects 4 candlestick patterns on the chart with confluences of EMA and market trend. The indicator first considers the body percentages for candles and then checks the conditions for the formation of candlestick patterns. This indicator detects the following patterns. Pinbar Morning & Evening Doji star Engulfing Pattern Tweezer...
V1.0 core functions: marking supply and demand areas, marking air decoy/multiple decoy signals, and displaying potential target positions in tables 1. What kind of indicator is this? This is a practical trading indicator based on supply and demand, which combines many of my practical experience and marks the supply/demand area through complex and accurate...
This is a higher timeframe scanner that detects the price action trend on multiple timeframes and displays them all as red or green dots. You’ll be able to see the real time and historical price action trends so you can trade in the same direction of the overall trend on higher timeframes. You can also set it to scan a different ticker if you choose. If you find...
Reference: tlc.thinkorswim.com Logic changed to transition to an active box after one higher low only.
Percent Research is an indicator that will plot a color / column on the chart in case custom requirements are met. The requirements are: - Price : Price requirement (equal or above input). - Change % Up : Amount the price have moved up in percent (equal or above input). - Change % Down : Amount the price have moved down in percent (equal or below input). - ...
█ OVERVIEW This indicator show lines of OHLC which can be commonly used as support and resistance zones. OHLC can be shown table with candlestick visual. Color of candlestick depends on direction of bullish / bearish of the chosen candlestick. █ INSPIRATION Inspired by design, code and usage of CAGR . Basic usage of custom range / interactive, pretty much...
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future. The Ichimoku...
Made to make it easier to count Elliott waves. If you renew your new high price, you'll continue your new high price When the new low is renewed, the new low is continued. If you are within the range of the previous candle, use the ratio of the difference between the median value of the previous candle and the closing price of the current candle to determine...
Divergence finder used to find BUY or SELL Signal based on a divergence between Price and RSI (Price goes UP when RSI goes down / opposite ) You can configure the script with several Options : Source for Price Buy Div : you can use the close price of the candle (by default) or use the high price of the candle for exemple. Source for Price Sell Div : you can use...
ENG) EasyTrading Indicator(ET) Introduce) This is the result of long research and trial and error. This indicator is an indicator that marks the signal on the chart. Short-term, mid-term, and long-term points are analyzed, and signals leading to long-term trends are marked with a background color. Indicates oversold and overbought, and modified Ichimoku...
An easy and basic way to visualize displacement (energetic moves) in single bars/candles. This is determined by comparing the bar range (either from high to low, or from open to close) to its standard deviation over some specified length. The strength parameter applies some multiple to the standard deviation, which can help to filter out only the strongest...
█ Overview The Ross Hook pattern is one of the most consistent and successful trading patterns that have been around for years. The Ross Hook is the first correction following the breakout of the 1-2-3 formation . This means that the Ross Hook only occurs in established trends. In other words, Ross Hook is a trend continuation setup. To fully understand the...
ENG: The "aurora borealis" indicator has 2 operating modes. To enable it, go to the settings in the arguments section and check the boxes. 1) In the upper part of settings page you may turn on colored of classic candles by heiken ashi candles color. All high low open and close of candles will stay classic. Only color will change. Also you may find there, a moving...