In this small indicator I make it possible for the user to set two different input sources. Then, the indicator displays the correlation of these two input sources. It's a very small script, but I think it could be helpful to somebody to find uncorrelated indicators for his trading strategy. To use uncorrelated indicators is in general recommended. Enjoy this...
The "Ultimate Trend Channel" indicator is a comprehensive trend analysis tool that calculates and displays a series of upper and lower bands based on user-defined input lengths. It uses linear regression and standard deviation to determine these bands for each of the 21 different group lengths. The indicator then computes the averages of these upper and lower...
Japanese below / 日本語説明は英文の後にあります。 ------------------------- *This indicator is based on sbtnc's "HTF Liquidity Levels". It's a very cool indicator. thank you. It has 3 functions: visualization of HTF liquidity (with alert), candle color change when displacement occurs, and MSB (market structure break) line display. === Function description === 1. HTF liquidity...
Description When an inside bar is found, the indicator remembers the high and low (= range) of the candle before the inside bar. As long as price moves within the range, every bar is highlighted as an inside bar to the range. Purpose The indicator can assist when identifying valid pullbacks and buy-side liquidity (BSL) / sell-side liquidity (SSL).
// values are in %, so on right Y axis a value of 50 means 50% above the average volume of set length (default of 20) These important confirming volume spurts often end the day with a 50 percent to 500 percent increase in the average daily volume of the stock. - Jesse Livermore when daily volume increases by 50% of it average daily volume, it is a warning sign...
Dear Tradingview community, I'd like to share one of my staple indicators with you. The volatility depth indicator calculates the volatility over a 7-day period and plots it on your chart. This indicator only works for the DAILY chart on BTC/USD. Colors I've color coded the indicator as follows: - Red: Extreme Volatility - Orange: High Volatility - Yellow:...
// Display 2 Moving Averages. Default is 10d sma and 20d sma. You can choose any length. Choose sma, or ema. Choose ma of Open, High, Low, or Close // Color code is based on Qullamaggie's idea: // Dark green = 10d ma > 20d ma, and both trending up // Light green = 10d ma > 20d ma, but only 10d ma trending up // Yellow = 10d ma > 20d ma, but neither trending...
Nonlinear Regression and Zero-lag Moving Average Technical indicators are widely used in financial markets to analyze price data and make informed trading decisions. This indicator presents an implementation of two popular indicators: Nonlinear Regression and Zero-lag Moving Average (ZLMA). Let's explore the functioning of these indicators and discuss their...
The Volatility Compression Breakout indicator is designed to identify periods of low volatility followed by potential breakout opportunities in the market. It aims to capture moments when the price consolidates within a narrow range, indicating a decrease in volatility, and anticipates a subsequent expansion in price movement. This indicator can be applied to any...
This indicator draws an upper and lower band for each day. It uses the Average True Range calculation (with configurable lookback) and places the band at 1ATR above and 1ATR below the daily open. I use this indicator as a simple gauge to tell how significant price movement is, and get a feel for the daily volatility. Due to the fractal nature of price action,...
The indicator was made at the request of the subscriber of the "The trader sometimes answers" The indicator displays: 1. Anomalous spikes in volume (i.e. the value of the volume is greater than the moving average of the volume plus a few standard deviations 2. Crossing moving averages 3. Crossing the MRSI zero line The user can change the settings: 1. Types of...
Did this indicator as an experiment for fun and it actually works pretty well! What it does? Well, Pivot Points (PP) are useful but delayed. So the premise of this indicator is pretty simple. It stores variables from previous Pivot Highs and Pivot Lows (RSI, MFI, Stochastics and volume) and then looks for like circumstances to trigger early pivot alerts based...
Enhanced Moving Average Calculation with Stepped Moving Average and the Advantages over Regular RSI Technical analysis plays a crucial role in understanding and predicting market trends. One popular indicator used by traders and analysts is the Relative Strength Index (RSI). However, an enhanced approach called Stepped Moving Average, in combination with the...
Initial Balance Strategy Initial Balance Strategy uses a source code of "Initial Balance Monitoring Panel" that build from "Initial Balance Markets Time Zones - Overall Highest and Lowest". Initial Balance is based on the highest and lowest price action within the first 60 minutes of trading. Reading online this can depict which way the market can trend for the...
The SMT Divergences indicator highlights SMT divergences between the chart symbol and two user-selected tickers (ES and YM by default). A dashboard returning the SMT divergences statistics is also provided within the settings. 🔶 SETTINGS Swing Lookback: Calculation window used to detect swing points. Comparison Ticker: If enabled, will detect SMT...
OVERVIEW The "Liquidity Zones" indicator is a tool for traders to identify high and low liquidity areas on a chart. The indicator plots the highest and lowest volume levels within a rolling window of a specified period and calculates the corresponding price levels and zones at which those volumes occurred. The calculated areas represent key support and...
Similar to how a donchian% of channel helps to visualize trend and volatility, this tool helps identify those same characteristics, if the oscillator is generally above the 50 mark, it is considered to be trending upwards, and the reverse if it is generally bellow 50.
As traders, we're always looking for opportunities to profit from sudden price breakouts, and the Volatility Breakout Strategy aims to do just that. This script is the perfect starting point for traders who want to experiment with capturing price movements resulting from increased volatility. The script plots the Average True Range (ATR) on the chart, which is a...