1. Global Liquidity Index: The code calculates global liquidity from economic data from multiple countries and regions. Specifically, it aggregates money supply data from major economies such as the United States, Europe, China, and Japan, and sums and adjusts them to get a global liquidity index. This index is calculated by summing data from different sources...
Input time A (open time) and time B (closing time) do not do anything with the year-month-date, it's there because I don't know how to fix it and it needs to be in such format. the difference of price will be shown on the indicator window one candle after the closing time (opening at such time) For research purpose only, no other intended purposes.
BTC_GO_LONG_SONG This script works like a special helper that watches two things: Bitcoin (a popular type of digital money) and the S&P 500 (which is like a big basket of important companies' stocks). Imagine Bitcoin and the S&P 500 are connected by an invisible elastic band. When they move together: The elastic band stays relaxed. When they move apart: The...
▋ INTRODUCTION: The “Portfolio Index Generator” simplifies the process of building a custom portfolio management index, allowing investors to input a list of preferred holdings from global securities and customize the initial investment weight of each security. Furthermore, it includes an option for rebalancing by adjusting the weights of assets to maintain a...
This indicator measures and displays the closing strength of each candle relative to its range. It assigns a value from 0 to 100, where - 0 indicates a close at the candle's low, - 100 indicates a close at the high, and - 50 represents a close at the midpoint. The strength is shown as a number on each candle, color-coded green for...
This script, titled "Multi-Sector Trend Analysis: Track Sector Momentum and Trends," is designed to assist traders and investors in monitoring multiple sectors of the stock market simultaneously. It leverages technical analysis by incorporating trend detection and momentum indicators like moving averages and the Relative Strength Index (RSI) to offer insights into...
Title: Candlestick Reversal Signals This Pine Script indicator is designed to identify and plot signals for two key candlestick reversal patterns: Bullish and Bearish Engulfing patterns, as well as Bullish and Bearish Harami patterns. These patterns are widely recognized for their ability to indicate potential trend reversals in the market, providing traders with...
The "RSI K-Means Clustering " indicator is a technical analysis tool that combines the Relative Strength Index (RSI) with K-means clustering techniques. This approach aims to provide more nuanced insights into market conditions by categorizing RSI values into overbought, neutral, and oversold clusters. The indicator adjusts these clusters dynamically based on...
Description of Multi-Timeframe EMA Distance & % Change Table The Multi-Timeframe EMA Distance & % Change Table indicator is designed to display the distance and percentage change between the current price and the Exponential Moving Averages (EMAs) on multiple timeframes. It creates a table to show these values, with customizable options for decimal precision...
The technical rating is one of the most perfect indicators. The reason is that this indicator is based on a majority vote of multiple indicators. It is logical that the judgment based on a majority vote of multiple indicators would not be inferior to the judgment made using only a single indicator. However, just as any indicator has its shortcomings, the technical...
The indicator plots the total volume of the NYSE and NASDAQ exchanges and identifies periods with significant asymmetry between Up Volume and Down Volume. It can be used as an additional tool to confirm broad market sentiment. Chart shows Total Volume (TVOL) bars for SPY daily chart. Green bars for UVOL>>DVOL, Red for DVOL>>UVOL. Neutral bars are gray. Blue line...
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 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...
This indicator helps traders visualize price ranges and volatility changes. Designed to assist in identifying potential consolidation zones, the indicator uses multiple layers of Bollinger Bands combined with volatility-based shading. This can help traders spot periods of reduced price movement, which are often followed by breakouts or trend...
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...
Stochastic Average Overlay is an advanced technical indicator designed to enhance your trading strategy by combining the power of stochastic averages with multiple smoothing techniques. This overlay indicator provides a comprehensive view of market momentum and potential reversal points, integrating features for both trend analysis and signal generation. Key...
The "Smart Money Trap" (SMT) indicator is a powerful tool designed for simultaneous analysis of multiple currency pairs and their correlations. This indicator allows you to effortlessly visualize divergences and correlations between various currency pairs on a single chart, enhancing your ability to perform in-depth technical analysis. Key...
This is to my friends and to my sons to use. What Is the Relative Strength Index (RSI)? The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an...