The Pullback Warning indicator is a simple indicator that highlights the potential for a market pullback, by measuring distances between certain key moving averages. John Pocorobba recently shared in his general market updates, research showing that when the distance between the closing price and the 9 day exponential moving average is greater than the...
Title: Identifying Volume Spikes, Price Movements and Gap Ups: A TradingView Script Introduction: In the world of trading, identifying volume spikes and price movements can provide valuable insights into market trends and potential trading opportunities. In this article, we'll explore a TradingView script that helps traders visualize volume spikes, price up...
This script is a Pine Script indicator for TradingView. It draws a vertical line on the chart at a specific hour, which can be customized by the user. The default displayed hour is set to 8 AM, but it can be adjusted using the input options. The indicator takes into account the timezone offset specified by the user to ensure the correct hour is displayed...
🚀 QuantumBands - Tutor Metatrader 🚀 📖 Description: QuantumBands is a powerful technical indicator designed to enhance your trading analysis. It combines the popular Bollinger Bands with a unique twist, providing you with valuable insights into market dynamics. This indicator is presented by the Tutor Metatrader channel, offering expert guidance and education on...
Another helpful indicator is here! VOLD Ratio is calculated by the net volume of a buying candle, divided by the net volume of a sell candle. Formula: buying net volume/selling net volume It's a simple indicator, but don't underestimate this simplicity. It's a powerful indicator that would help you to decide whether the volume is getting interested in the...
This script shows three different calculations for volatility. All three can be used as Stop-Loss... - Absolute Price Changes - Maximum Price Fluctuation - and every one should know Average True Range The script has a dark and light theme. And the colors can be changed and each can be deactivated. On top of that I stumbled over the fact that when MPF crosses...
Library "RiskManagement" This library keeps your money in check, and is used for testing and later on webhook-applications too. It has four volatility functions and two of them can be used to calculate a Stop-Loss, like Average True Range. It also can calculate Position Size, and the Risk Reward Ratio. But those calculations don't take leverage into account. ...
This script calculates a Total Return index for stocks that shows the total performance of a stock, incorporating returns from both the share price and dividends. To understand this, consider the situation where you invest in a 5% div stock and hold the position for 10 years. Assume at the end of 10 years, the price has gone up by 50%. A price chart will then...
Library "Debug" Some debugging functions. label_on_each_bar(txt, y_position, label_size, label_color, txt_color) Prints a label on every bar to show text. By default, only the last 50 labels will be shown on the chart. You can increase this amount up to a maximum of 500 by using the max_labels_count parameter in your script’s indicator() or strategy()...
This is an MACD inspired indicator and it analyzes the difference between the SMA and EMA using the same time period. Unlike the MACD, it can give you a better understanding of the overall trend. Values above 0 is bullish and below 0 bearish. It consists of two cycles: Black histogram - the long-term cycle and orange histogram - the short-term cycle, as well as...
The Multi-Time Frame RSI with Money Flow Index and Average is a powerful trading indicator designed to help traders identify overbought and oversold conditions across multiple time frames. It combines the Relative Strength Index (RSI) with the Money Flow Index (MFI) and provides an average value for better accuracy. The Relative Strength Index (RSI) is a popular...
**User Guide for the "Heikin Ashi ROC Percentile Strategy"** This strategy, "Heikin Ashi ROC Percentile Strategy", is designed to provide an easy-to-use framework for trading based on the Heikin Ashi Rate of Change (ROC) and its percentiles. Here's how you can use it: 1. **Setting the Start Date**: You can set the start date for the strategy in the user inputs...
This script displays the percentage of movement of all candles on the chart, as well as identifying abnormal movements to which you can attach alerts. An abnormal movement is considered a rise or fall that exceeds the parameter set in the settings (by default, 1% per 1 bar). Added a function to display the volume on abnormal candlesticks.
Library "Tooltip" This library helps creating and managing nice looking data (key/value) tooltips that you can use for labels. The tooltips data key/value will align automatically. It is optional to convert the data to a values only string too. method addSpacesToKey(this) Calculates the amount of spaces needed after the key to make it the key least 4...
Trailing Stop with RSI - Momentum-Based Strategy Description: The Trailing Stop with RSI strategy combines momentum analysis and trailing stop functionality to help traders identify potential entry and exit points in their trading decisions. This strategy is suitable for various markets and timeframes. Key Features: Momentum Analysis: The strategy...
1. The script is a trading strategy based on the Williams %R indicator and a 200-period moving average (MA) filter. 2. The user can input the length of the Williams %R indicator (`wrLength`), the threshold for %R crossing (`crossPips`), the take profit level in pips (`takeProfitPips`), and the stop loss level in pips (`stopLossPips`). 3. The script calculates...
A simple indicator that attempts to identify displacement in price by alerting you when two simultaneous Fair Value Gaps (FVGs) occur. When two fair value gaps occur, the indicator will print a green bar (if bullish) or a red bar (if bearish). If you right click on the indicator you can turn on alerts that will pop up every time a dual FVG occurs. Fair Value...
This Linear CC takes into account the log-normal distribution of stock prices and performs Pearson correlation on that data set. It also smoothens the results into an easy to read oscillator, and performs a two-tail t-test on the correlation coefficient data (with a = 0.05) to determine the significance of the coefficients. Significant results are shown in a solid...