How It Works: Sessions: The London session is defined between 8:00 and 16:00 UTC. The New York session is defined between 13:00 and 21:00 UTC. Previous High/Low: The script identifies the highest high and lowest low from the previous bar using ta.highest(high, 1) and ta.lowest(low, 1) . Candle Body Size: The script calculates the size of the current...
Imbalance Detection Script Author: © teshmi9z Script Name: Imbalance FVG Version: Pine Script® v5 Description: This script detects and highlights imbalances on the chart, areas where price movement has created a gap without immediate return, signaling potential zones of future support or resistance. The script identifies two types of imbalances: Bullish...
Introduction The Fibonacci Retracement tool is a go-to for traders looking to spot potential support and resistance levels. By measuring the distance between swing highs and lows, you can apply Fibonacci ratios like 0.236, 0.382, and 0.618 to predict key market levels. Traditionally, these levels are set by dividing this distance into equal parts—known as...
The VWAP with Trend Alerts indicator is designed to provide a comprehensive visual and analytical tool for traders using the Volume Weighted Average Price (VWAP) along with additional features like custom bar coloring and trend-based signal alerts. Key Components and Functionalities: 1. VWAP Calculation: The core of this indicator is the VWAP, which represents...
Dual Channel System The indicator incorporates two Donchian Channels - the Inner Channel and the Outer Channel. These channels are adjustable, allowing users to define their lengths according to their trading strategy. Inner Channel: With a default length of 100 periods, the Inner Channel provides a closer view of market trends and potential support and...
### 🌟 **Uptrick: Momentum Channel Indicator (MC_Ind)** 🌟 The **"Uptrick: Momentum Channel Indicator"** is a powerful tool designed to help traders gauge market momentum and identify potential overbought or oversold conditions. Whether you're a day trader, swing trader, or long-term investor, this indicator can be your compass 🧭 in the complex world of trading....
CNN Fear and Greed Index - www.cnn.com Modified from minusminus - See Documentation from CNN's website CNN's Fear and Greed index is an attempt to quantitatively score the Fear and Greed in the SPX using 7 factors: Market Momentum- S&P 500 (SPX) and its 125-day moving average Stock Price Strength -Net new 52-week highs and lows on the NYSE Stock Price...
Indicator looks for inside candle on 3 timeframes. Chart's default timeframe and 2 higher timeframes to spot Inside candle on any of these timeframes. Main purpose was to look at multiple inside candle at multiple timeframes to identify consolidation within consolidation and implement intraday, hence for 15min chart timeframe. However, code works for all...
Multi-Timeframe 325 SMA Touch Indicator This versatile indicator detects and visualizes when the price touches (crosses over or under) the 325-period Simple Moving Average (SMA) across multiple timeframes. It's designed to help traders identify potential support and resistance levels across various time horizons. Key Features: Monitors 7 different timeframes:...
Dynamic Support, Resistance & Fibonacci Levels by Reza This Pine Script indicator dynamically calculates and plots significant support and resistance levels, along with key Fibonacci retracement levels, based on recent price action. It provides traders with essential tools to identify crucial levels on the chart that may influence future price movements. Key...
This is a simple sessions indicator that allows you to highlight up to 3 different sessions on your chart. This is intended for charts in any timeframe lower than the Daily timeframe. Really simple, clean, and minimalistic on purpose, intended to help and not clutter the chart. Options/parameters: Sessions: Check and setup beginning and end of the sessions....
This Pine Script code plots the "ATR+StdTR Band and Trailing Stop," serving as a tool for volatility-based risk management and trend detection. While bands are typically set using a multiple of ATR, this script uses StdTR (the True Range standard deviation) and sets the band width based on ±(ATR + n times StdTR). StdTR is a great tool for detecting price...
Trend Analysis: Normalized total amount and percentage change values can help determine the general direction of price movements. Buy/Sell Strategies: Buy and sell signals can be used to trigger your trading strategies. For example, you might consider buying when the percentage change rises above 0 or selling when it falls below. Risk Management: Positive and...
TechniTrend: Average Volatility Description: The "Average Volatility" indicator provides a comprehensive measure of market volatility by offering three different types of volatility calculations: High to Low, Body, and Shadows. The indicator allows users to apply various types of moving averages (SMA, EMA, SMMA, WMA, and VWMA) on these volatility measures,...
The Connors RSI with Down Gap indicator is a technical tool designed to support Larry Connors' Terror Gap Strategy, which is part of his broader framework outlined in the book "Buy the Fear, Sell the Greed: 7 Behavioral Quant Strategies for Traders." This specific indicator integrates the ConnorsRSI calculation with a focus on detecting down gaps in price,...
RSI Indicator with the SMA represented as the 0 line. Added option to select timeframe and add background colour.
Indicator Name: Common Volume Spike Indicator with Price Color on Spike Description: The “Common Volume Spike Indicator with Price Color on Spike” is designed to detect significant volume spikes and highlight them on the chart. It not only identifies moments when the trading volume exceeds a certain threshold but also colors the price bars based on price movement...
█ OVERVIEW This script implements the Average Directional Index (ADX), a powerful tool used to measure the strength of market trends. It works alongside the Directional Movement Index (DMI), which breaks down the directional market pressure into bullish (+DI) and bearish (-DI) components. The purpose of the ADX is to indicate when the market is in a strong...