The provided code is a custom indicator that identifies specific price patterns on a chart and uses a 14-period Exponential Moving Average (EMA) as a filter to display only certain patterns based on the EMA trend direction. These code identifies patterns display them as upward and downward arrows indicates potential price corrections and short term trend reversals...
This indicator is designed to identify potential breaks and reversals in price movements for a financial instrument.
The indicator displays several elements to assist users in spotting specific market conditions:
1. High and Low Pivots : The indicator marks the highest and lowest points on the price chart within a customizable lookback period. These pivots...
"Relative Daily Change%" Indicator (RDC)
The "Relative Daily Change%" indicator compares a stock's average daily price change percentage over the last 200 days with a chosen index.
It plots a colored curve. If the stock's change% is higher than the index, the curve is green, indicating it's doing better. Red means the stock is under-performing.
This...
The Bracket Trading Visualizer highlights locations in the past when a bracket trade would of won.
🔶 Purpose
Show the opportunities a trader had in the past to give a intuitive idea of how to trade the chart.
🔶 How It Works
Red color indicates the location a Short would of won.
Green color indicates the location a Long would of won.
Yellow color...
ICT Daily Levels and Zones indicator provides some of the relevant zones and levels for ICT type analysis. The purpose of this indicator is to provide consolidated way of automatically highlighting and identifying relevant levels for ICT type traders.
Daily Separator and Day of Week
Display a separator based on NY Midnight and day of week.
Killzones...
First, we identify the trend, the trend will be determined by the daily candles, whenever the daily candle closes above the high of a previous candle the trend becomes positive and the trend remains positive till the time a candle closes below the lowest price of this candle, however, if the cost of any future candle closes above the high of this candle then the...
Hi all!
I've made this script to help with my laziness (and to help me (and now you) with efficiency). It's purpose is to, without having to change the chart timeframe, being able to view the lower timeframe bars (and trend) within the last chart bar. The defaults are just my settings (It's based on daily bars), so feel free to change them and maybe share yours!...
The strategy is a combination of candlestick pattern analysis and Fibonacci retracement levels to identify potential buy and sell signals in the market. Here's how the strategy works and how you can trade accordingly:
Candlestick Pattern Analysis:
The strategy looks for specific bullish and bearish candlestick patterns to identify potential trend reversals or...
The Fair Value Gap chart is a new charting method that displays fair value gap imbalances as Japanese candlesticks, allowing traders to quickly see the evolution of historical market imbalances.
The script is additionally able to compute an exponential moving average using the imbalances as input.
🔶 USAGE
The Fair Value Gap chart allows us to quickly...
The "BankNifty Crude Oil RSI Strategy" is a trading strategy that combines the BankNifty index with the WTI Crude Oil price index using the Relative Strength Index (RSI) as the primary indicator. The strategy aims to generate buy and sell signals based on the RSI of the Crude Oil price index, which might influence the BankNifty index.
Here's how the strategy...
Introducing the "Fair Value Gap" indicator, a powerful tool designed to identify and visualize areas of potential market gaps where leftover orders may reside. This indicator utilizes price action analysis, specifically focusing on fair value gaps that occur between the current candle and the candle two bars prior.
The Fair Value Gap indicator draws customizable...
The ICT Opening Range Gap is a concept taught by Inner Circle Trader and is discussed in the videos: 'One Trading Setup For Life' and 2023 ICT Mentorship - Opening Range Gap Repricing Macro
ORGs, or Opening Range Gaps, are gaps that form only on the Regular Trading Hours chart.
The Regular Trading Hours gap occurs between 16:15 PM - 9:29 AM EST (UTC-4)
These...
Why I develop this indicator?
In future indices, post market data with little volume distort the moving average seriously. This indicator is to eliminate the distortion of data during low volume post market hours.
How to use?
There is a time session setting in the indicator, you can set the cash hour time, moving average outside the session will be...
The script helps to identify imbalance trade candles on the chart.
Prices after a rip-up candle (color in gray, default) will often see subsequent prices backfilling the rip-up candle ie. prices after the rip-up imbalance will fall back down. The opposite is true for flush-down candles (color in purple, default). This indicator allows a quick seeing of which...
Title: Thange Momentum Kicks Indicator - Identify Strong Bullish and Bearish Candles
Description:
The Thange Momentum Kicks indicator is a small tool designed to identify strong bullish and bearish candles in a candlestick price chart. By analyzing the momentum and size of each candle, this indicator highlights potential significant price movements.
The...
![ETHUSDT.P: Price breakout and reversal [TCS] | PA](https://s3.tradingview.com/l/lMvj1v6W_mid.png "Price breakout and reversal [TCS] | PA")
![DOGEUSDT: The Strat with Continuity [starlord_xrp]](https://s3.tradingview.com/p/P6ftk3vH_mid.png "The Strat with Continuity [starlord_xrp]")
![NQ1!: Fair Value Gap [MyTradingCoder]](https://s3.tradingview.com/r/RQHq3r1m_mid.png "Fair Value Gap [MyTradingCoder]")
![ES1!: Opening Range Gap + Std Dev [starclique]](https://s3.tradingview.com/l/LZPMszN2_mid.png "Opening Range Gap + Std Dev [starclique]")
