### Explanation of the Pine Script This Pine Script identifies and displays weekly naked Points of Control (nPOCs) on a TradingView chart. An nPOC represents a Point of Control (POC) from a previous week that has not been revisited by price action in subsequent weeks. These nPOCs are extended to the right as horizontal lines, indicating potential support or...
Big Volumes Highlighter Overview: The "Big Volume Highlighter" is a powerful tool designed to help traders quickly identify candles with the highest trading volume over a specified period. This indicator not only highlights the most significant volume candles but also color-codes them based on the candle's direction—green for bullish (close > open) and red...
The 123 Reversal Trading Strategy is a technical analysis approach that seeks to identify potential reversal points in the market by analyzing price patterns. This Pine Script™ code implements a version of this strategy, and here’s a detailed description: Strategy Overview Objective: The strategy aims to identify bullish reversal patterns using the 123 pattern...
Hello traders 👋 This indicator "SPX Mapped Gaps" detects gaps from the SPX (or the trader's choice of index/asset) and plots them for the asset on your chart! Features Selectable comparison symbol Gaps from the selected symbol (SPX by default) are plotted for the asset on your chart - serving as potential support/resistance levels! Closest gaps from...
OrderBlock Trend (CISD) Indicator Overview: The "OrderBlock Trend (CISD)" AKA: change in state of delivery by ICT inner circle trader this indicator is designed to help traders identify and visualize market trends based on higher timeframe candle behavior. This script leverages the concept of order blocks, which are price levels where significant buying or...
The Prometheus Volatility EMA is an indicator that calculates an Exponential Moving Average with the historical volatility as how we decide how sensitive to make the indicator to the most recent data. A traditional EMA is calculated like this: EMA = alpha * source + (1 - alpha) * EMA , where alpha = 2 / (length + 1) Sourced from TradingView’s ta.ema built in...
The "Uptrend and Close to SMA" indicator is designed to help traders identify when the price of a stock is in an uptrend and is trading near its Simple Moving Average (SMA) over a user-defined period. The indicator uses multi-timeframe analysis, allowing the user to select different timeframes for calculating the SMA. Key Features: SMA Calculation: The indicator...
Introduction to the "Trend/with EMA382" Indicator The "Trend/with EMA382" indicator is a powerful technical analysis tool that combines trend signals with Exponential Moving Averages (EMA), offering traders a comprehensive view of market dynamics and helping identify potential trading opportunities. 1. Trend Analysis with Trend The first part of this indicator...
next candle price prediction Previous Day Data: prevHigh, prevLow, and prevClose are calculated to capture the high, low, and close of the previous day. This is used to understand the previous day's price range and sentiment. ATR Calculation: The Average True Range (ATR) is a measure of volatility. We use it to estimate how much the price might move up or down...
EMA Oscillator 2024 Indicator Overview 1. Introduction The EMA Oscillator 2024 is a sophisticated trading indicator that combines several technical analysis tools, including Moving Averages (EMA), Money Flow Index (MFI), Bollinger Bands, Donchian Channels, and Stochastic Oscillators. Its purpose is to assist traders in identifying buy and sell opportunities...
VS is a trading system based on the identification of fractal reaction zones within a larger, carefully identified movement. It is internally made up of 4 sub-systems. The indicator is composed of the following parameters: Max and Min, are the largest area identified and will act as the STOPLOSS point. L1, is the price reaction level. Entry, is where to place a...
Explanation of the MACD with DPO Strategy: MACD (Moving Average Convergence Divergence): The MACD is a trend-following indicator that shows the relationship between two moving averages of a price. In this script: We calculate the MACD line by subtracting the slow moving average (typically 26-period EMA) from the fast moving average (typically 12-period EMA). The...
Here’s a detailed description for your script, following the guidelines for clarity and originality: --- **Title:** God's of Liquidity **Description:** The "Gods of Liquidity" script is a comprehensive trading tool designed to help traders identify high-probability buy and sell opportunities based on a combination of liquidity levels, RSI-based sentiment...
Description: The BTC Hash Rate to Price Ratio indicator is a sophisticated tool designed to assist traders in identifying potential market turning points for Bitcoin by combining network health, market sentiment, and valuation metrics. This indicator integrates three key components—Hash Rate, RSI (Relative Strength Index), and MVRV (Market Value to Realized...
This Pine Script code is designed to highlight Pin Bars on a TradingView chart by changing their color to yellow. A Pin Bar is a type of candlestick pattern that typically indicates a potential reversal in the market. The script uses specific conditions to identify bullish and bearish Pin Bars based on the size of the candlestick body and the length of the shadows...
Description: The watermark indicator is designed to enhance the visual presentation of your trading charts by adding customizable watermarks. This tool allows you to overlay essential information, such as ticker symbols, timeframes, dates, and custom text, directly onto your charts. While providing larger text options then all other watermarks currently...