Hello Traders This Trading Indicator / script is my interpritation of the use of shannons entropy in Trading, hope you find this usefull !!! Information Entropy Oscillator : In Physics, entropy is a concept and a measurable physical property that is most commonly associated with the state of disorder, randomness or uncertainty of a system. In the...
This script is a technical analysis indicator designed to assist in identifying potential entry points and setting take profit levels in trading. It combines the Average True Range (ATR) indicator, momentum shifts, and customizable take profit levels to provide insights into potential market movements. Differences from Currently Published Ones: This script is...
Introduction: The Renko Indicator is a powerful tool designed to help traders identify trends and potential trade opportunities in the financial markets. This indicator overlays a Renko chart on the main price chart and generates Buy and Sell signals based on Renko brick movements. Renko charts are unique in that they focus solely on price movements, ignoring the...
█ Introduction The Heikin Ashi MTF Trend indicator takes a simple approach to understand the trend by visualizing Heikin Ashi candle colors across multiple timeframes and representing it in a simple and visual manner. It utilizes the Heikin Ashi (HA) candles across four custom timeframes to detect trend shifts and strength. The indicator also offers alert...
Swing Ranges is an indicator designed to provide traders with valuable insights into swing movements and real-time support and resistance (SR) levels. This tool detects price swings and plots boxes around them, allowing traders to visualize the market dynamics efficiently. The indicator's primary focus is on real-time support and resistance levels, empowering...
This indicator plots the VWAP, MVWAP and Anchored VWAP. AVWAP: Anchored VWAP sometimes doesn't work the way it should. In such times, trades can use the default AVWAP on the right ribbon. MVWAP: Moving average length can be changed; the default is 10.
Description: The A.I fibonacci is a tool designed to assist traders in identifying potential price levels following a retracement. Unlike many other Fibonacci indicators available, this script is tailored to highlight the most crucial levels for entries, take profits, and stop losses. Key Features: Automatic Calculation: The script automatically calculates and...
Magic Trend indicator is an indicator combining the Commodity Channel Index (CCI) and the Average True Range (ATR) indicators. The indicator is represented by a line that turns red when CCI readings are below 0 and converts to blue when CCI reaches above 0. Color of the line can be treated as a trend indicator. When CCI > 0 (Blue Color), price is assumed to be...
The theory of price delivery per Feigenbaum projections is credited to TRSTNGLRD, this indicator aims to aid traders from all backgrounds to utilize projections for determination of potential future price moves. What follows is the simplest description of where to anchor the projection: As price delivers and clears higher high (buy side liquidity) then...
The indicator shows a box based on the high and low of the previous week that extends into the current week. The box is used to monitor breakouts or break downs of the price with respect to the previous week levels. The box is colored: - green, if there is a breakout above the previous week high; or - red, if there is a break down below the previous week low;...
Introduction The key innovation of the ALAC is the implementation of dynamic length identification, which allows the indicator to adjust to the "market beat" or dominant cycle in real-time. The Auto-Length Adaptive Channels (ALAC) is a flexible technical analysis tool that combines the benefits of five different approaches to market band and price deviation...
This indicator is designed to visualize the volume delta, which represents the difference between buying and selling volumes during each candle period. The indicator plots custom candlesticks on the chart, with OHLC values calculated based on the volume delta. Calculations: To calculate the volume delta, the indicator first determines the buying and selling...
Volume as a Percent of Float Plot the difference between current Chart Volume as a percent of Float/Outstanding and the moving average of the same. Apply a multiplier to this value. Plot the moving average of the difference between current Chart Volume as a percent of Float/Outstanding and the moving average of the same.
The Support & Resistance Dynamic indicator aims to return real-time predictive support and resistance zones that are relevant to a detected trend. This makes this indicator similar to our previously published Predictive Ranges indicator. Users can additionally extend the most recent historical support and resistance zones. 🔶 USAGE Hypothetical resistance...
Central Pivot Range is a trend and volatility forecasting tool. It is calculated from previous session's (day, week, or month) high, low, close values. It works on the idea that every trading session must be the result of its previous trading session. Pivot, top pivot and bottom pivot values form the CPR. If the CPR for each trading session is getting higher...
This indicator plots the ratio of True Range/Expected Move of SPX. True Range is simple the high-low range of any period. Expected move is the amount that SPX is predicted to increase or decrease from its current price based on the current level of implied volatility. There are several choices of volatility indexes to choose from. The shift in color from red to...
█ Overview In the evolving landscape of trading and investment, the demand for sophisticated and reliable tools is ever-growing. The AI Trend Navigator is an indicator designed to meet this demand, providing valuable insights into market trends and potential future price movements. The AI Trend Navigator indicator is designed to predict market trends using...
This indicator is designed to identify and track swing highs and lows in a given market on any timeframe. It plots these swing highs and lows as solid lines on the chart. The indicator allows for customization of the line color and width and using another timeframe. The indicator follows specific rules to determine when a new high or low is created. If the...