Level2 Background This is a novel "undersampling data" processing trick proposed by John F. Ehlers in his April 2023 article "Just Ignore Them". Function In signal processing, undersampling, or bandpass sampling, is a technique whereby a bandpass-filtered signal is sampled at a sample rate below its Nyquist rate (twice the upper cut-off frequency), but the...
This plots liquidation alerts for different levels of leverage. The script calculates the liquidation prices for both long and short positions based on the inputted leverage values. Then, it plots dots on the chart where liquidation can occur for each level of leverage. Additionally, it plots circles on the chart only when a liquidation event occurs, at which...
Alright, let's talk about how to use this fancy indicator. But first, let me warn you, using indicators is like driving a car, you can't just press the gas pedal and hope for the best. You need to know what you're doing, or else you'll crash and burn faster than a soufflé in a microwave. Now, let's get started. The first thing you need to do is understand what...
The idea of this indicator is very similar to my previous published script called BBAS (Bollinger Bands Alert System). Just with little additions. In this case, we're using a Weighted Moving Average (ta.wma) instead of Simple Moving Average to calculate the basis line. A breakout in trading refers to a situation where the price of a security or asset moves...
This indicator plots a line with the fair value of the stock following Graham's formula, VI = √ (22.5 x EPS x BVPS) coloring the space between the closing price of the stock and the fair value. It also presents a table containing the last EPS and the last BVPS of the stock. The Benjamin Graham formula is a formula for the valuation of growth stocks. It was...
what is Futures /Spot Ratio? Although futures and spot markets are separate markets, they are correlated. arbitrage bots allow this gap to be closed. But arbitrage bots also have their limits. so there are always slight differences between futures and spot markets. By analyzing these differences, the movements of the players in the market can be interpreted and...
This indicator is based on the ICT (Inner Circle Trader) concepts, and it helps identify daily market structure and the optimal trade entry (OTE) zone based on Fibonacci retracement levels. To read and interpret this indicator, follow these steps: Daily High and Low: The red line represents the daily high, while the green line represents the daily low. These...
This indicator shows the upwards (green) and downward (red) volatility of the market. It is a moving average of the true range values like the ATR indicator does but with a twist! For the upwards volatility, only the green candles are taken into account, and for the downwards only the red candles are. To the best of my knowledge, this technique had been introduced...
This is a Signal Indicator that emits signals based on mouse clicks when the indicator is added to the chart, or later on in the "Settings/Inputs" tab by changing/selecting the open time of the desired bar of each one of the signals. It is designed to be used as an External Input for the "Template Trailing Strategy" to verify the correctness of the features the...
Before you see this post I want to thank all the TradingView team. Every day that passes I learn better and better to use Pine script and I owe this to all those who publish and to the philosophy of TradingView. Thanks from Amos This trading indicator compares the prices of the S&P 500 Index (SP500), Tesla (TSLA), and Bitcoin (BTC) to find correlations between...
Volume profile is useful tool to understand the demand and supply zones on horizontal level. But, what if you want to measure the volume levels over trend line? In trending markets, the feature to measure volume over angled levels can be very useful for traders who use these measures. Here is an attempt to provide such tool. 🎲 How to use 🎯 Interactive input...
Displays the current and previous days' VWAP. A useful tool for intraday VWAP traders or to optimize longer term entries or exits. Features: Shows levels exceeding the average deviation for the time of day as either warm or cool gradients. Custom alerts including "Closing In Range" which uses the ATR to determine if the closing value in in the vicinity of...
This indicator draws a volume profile by utilizing data from the lower timeframe to get a more accurate representation of where volume occurred on a bar to bar basis. The indicator creates a price range, and then splits that price range into 100 grids by default. The indicator then drops down to the lower timeframe, approximately 16 times lower than the current...
Volume-weighted closing range of each bar. Closing range is (high - close) relative to the length of the wick (high - low). A close at the top of the wick would be 100%, middle 50%, bottom 0%. This is then multiplied by volume to weight towards high volume bars. A moving average is applied to visualize trend in volume-weighted closing range over time. Options...
I developed Bollinger Bands that provide a numeric value indicating their strength. To achieve this, I used the degree of the angle of attack and color-coded the numbers. The top band displays the number in the upper corner of the chart, the bottom band in the bottom corner, and the Basis is in the left middle. These numbers quantify the slope of the bands, which...
This script serves as a successor to a previous script I wrote for identifying Hikkakes nearly two years ago. The old version has been preserved here: █ OVERVIEW This script is a rework of an old script that identified the Hikkake candlestick pattern. While this pattern is not usually considered a part of the standard candlestick patterns set, I found a lot...
Double Smoothed Stochastics – DSS Bressert is an oscillator introduced by William Blau and Walter Bressert shortly after each other in two slightly different versions. The calculation of DSS Bressert values is similar to the stochastic indicator. The difference is the use of double exponential smoothing. The advantages over the classic stochastic oscillators are...
Description: support and resistance and trendline on two timeframes by your choice This indicator is capable of showing you the current and higher timeframe support and resistance by your strategy choice (two timeframes alongside each other). It also helps you to monitor the trend direction in short and long term by trend lines . You can change the depth of every...