***For ease of use, I recommend changing the J Histogram to a line indicator, then it works like the KDJ Stochastic indicator. Full disclosure, I created this script with the help of GPT. This script was inspired by the KDJ Stochastic indicator by Dreadblitz*** The "RSI with J-Line" script is essentially a modified Relative Strength Index (RSI) indicator with...
The "Days Higher Than Current Price" indicator is a color-coded tool that provides insights into the historical price performance of an underlying asset. By analyzing the number of bars prior to the selected day that had higher closing prices, this indicator visually represents the comparative strength or weakness of the current price level. The "Days Higher"...
This mimics the built in watermark feature, but adds the ability to change location as well as see an equities sector and industry group.
Advance Your Market Analysis with the True Range Indicator The True Range Indicator is a sophisticated screener meticulously developed to bolster your trading execution by presenting an exceptional understanding of the market direction. The centerpiece of this instrument is a distinctive candle configuration depicting the Average True Range (ATR) and the...
BEAM (Bitcoin Economics Adaptive Multiple) is an indicator that assesses the valuation of Bitcoin by dividing the current price of Bitcoin by a moving average of past prices. Its purpose is to provide insights into whether Bitcoin is under or overvalued at any given time. The thresholds for the buy and sell zones in BEAM are adjustable, allowing users to customize...
◆ Introduction The latest version of the Swing Algo features a complementary system consisting of two internal swing trading logics: an enhanced Swing Algo V1.3 and a secondary control engine to stabilize the overall strategy behaviour in times of increased market chop. Both algorithms feature different averaging lines as well as oscillators, leading to a higher...
The Predictive Ranges indicator aims to efficiently predict future trading ranges in real-time, providing multiple effective support & resistance levels as well as indications of the current trend direction. Predictive Ranges was a premium feature originally released by LuxAlgo in 2020. The feature was discontinued & made legacy, however, due to its popularity...
I strongly believe in cycles, so I wanted to create something that would give a visual representation of bull/bear markets and give a prediction based on the previous data. It's up to you how to decide what is a bull/bear cycle. There is no single rule for all assets because 20% drop in SP500 starts a bear market in traditional markets, while 35% drop for Bitcoin...
█ Overview The Volume Orderbook indicator is a volume analysis tool that visually resembles an order book. It's used for displaying trading volume data in a way that may be easier to interpret or more intuitive for certain traders, especially those familiar with order book analysis. This indicator aggregate and display the total trading volume at different...
Library "lib_priceaction" a library for everything related to price action, starting off with displacements displacement(len, min_strength, o, c) calculate if there is a displacement and how strong it is Parameters: len (int) : The amount of candles to consider for the deviation min_strength (float) : The minimum displacement strength to...
This indicator started as an experiment. It is an RSI which is not based on the price but on the open interest. It captures the momentum of the open interest in the same way as the RSI of the price. Rules Open Interest (OI): If the OI rises and the price rises = Bullish trend. If the OI falls and the price continues to rise = bearish reversal possible If the OI...
The Mark Minervini Trend Template Indicator is a powerful tool designed to identify potential trends in the stock market. Based on the renowned trading methodology developed by Mark Minervini, this indicator incorporates several key criteria to assist traders in making informed decisions. The indicator checks the following criteria: - Price above 50-day Moving...
About Grid Bots A grid bot is a type of trading bot or algorithm that is designed to automatically execute trades within a predefined price range or grid. It is commonly used in markets that exhibit ranging or sideways movement, where prices tend to fluctuate within a specific range without a clear trend. The grid bot strategy involves placing a series of buy...
FIRST, CHANGE SOURCE OF INDICATOR FROM CLOSE TO WHATEVER INDICATOR YOU ARE COMPARING TO PRICE!!!! Confirming Indicator Validity: By calculating the correlation coefficient between the price and a specific indicator, you can assess the degree to which the indicator and price move together. If there is a high positive correlation, it suggests that the indicator...
Different Perspective : By using the RSI as the source for MACD calculation, you are incorporating the RSI's characteristics into the MACD indicator. The RSI measures the speed and change of price movements, while the MACD focuses on the convergence and divergence of moving averages. Combining these two indicators may provide a different perspective on market...
The PDMA + MA_Dist indicator is a powerful tool designed to analyze the relationship between two customizable moving averages (MAs) and the distance of a slow moving average from the price. It provides valuable insights into market trends and potential buying or selling opportunities. This indicator calculates the percentage difference between the closing price...
The "Dynamic Trend Ripper" indicator is designed to identify dynamic support and resistance levels based on exponential moving averages (EMA) and the average true range (ATR). It aims to assist traders in identifying potential trading opportunities by visualizing dynamic support and resistance areas on the price chart. Think of it as more of overbought or oversold...
(This script was originally invite-only, but I'd vastly prefer contributing to the TradingView community more than anything else, so I am making it public :) I'd much rather share my ideas with you all.) The Stochastic Zone Strength Trend indicator is a very powerful momentum and trend indicator that 1) identifies trend direction and strength, 2) determines...