A crypto correlation matrix or table is a tool that displays the correlation between different cryptocurrencies and other financial assets. The matrix provides an overview of the degree to which various cryptocurrencies move in tandem or independently of each other. Each cell represents the correlation between the row and column assets respectively. The...
Description: The Volume Breakout indicator (VB) is a technical analysis tool that highlights candles with significant trading volume. It helps traders identify potential breakout periods characterized by high volume activity. How it Works: The Volume Breakout indicator compares the volume of each candle with a user-defined minimum volume threshold. If the volume...
Description: The High Volume Candles indicator (HVC) is a technical analysis tool designed to identify candles with high trading volume. It allows traders to quickly spot periods of significant market activity based on volume. How it Works: The HVC indicator analyzes the volume of each candle in relation to the highest volume observed over a specified lookback...
Description: The Histogram Momentum Shaded Candles indicator (HMSC) is a powerful technical analysis tool that combines the concepts of the MACD (Moving Average Convergence Divergence) indicator and shaded candlestick visualization. It provides insights into momentum and trend strength by representing the MACD histogram as shaded candles on the chart. How it...
By analyzing the MACD (Moving Average Convergence Divergence) and Squeeze Momentum indicators, this indicator helps identify potential bullish, bearish, or undecided market conditions. The algorithm within considers the positions of the MACD and Squeeze Momentum indicators to determine the overall market sentiment. When the indicators align and indicate a bullish...
Knowing the levels where price might find support or resistance is critical in trading. These are the levels where buyer or sellers previously showed up. A bull trend is recognized by higher highs and higher lows on a daily or weekly chart whereas a bear trend is recognized by lower highs and lower lows. Knowing where these daily and weekly levels are will help...
█ OVERVIEW This script implements the stochastic distance oscillator (SDO) , a momentum indicator introduced by Vitali Apirine in an article featured in TASC's June 2023 edition of Traders' Tips . The SDO is a variation of the classic stochastic oscillator and is designed to identify overbought and oversold levels, as well as detect bull and bear trend...
TRADINGVIEW IMAGE IS NOT DISPLAYING THE TOOL CORRECTLY, CHECK OUT THE IMAGES BELOW! Description: A Seasonal Tendency is a historical pattern or roadmap that reflects how price action has behaved in the past during specific time periods, usually on a monthly basis. It is not an absolute guarantee of future price movements, but rather a general rule of thumb to...
This indicator utilizes signals generated from a normalized consensus of one of the four following consensus strategies: Oscillator Consensus, Moving Average Consensus, Democratic Fib Consensus, and an Ichimoku Cloud Consensus. When the values of the individual consensus are normalized, they can be utilized as an oscillator with a range of 0-100. The range of...
Fellow Merval investors/traders , I'm sharing this script with you that allows you to calculate a breadth indicator using the components of the Merval Index (IMV) from Argentina. This breadth indicator shows the percentage of stocks that are above a moving average. In this case, you can choose between an EMA or SMA, and you can select the period of the moving...
Description: The 5m Candle Overlay indicator is a powerful technical analysis tool designed to overlay 5-minute candles onto your chart. This indicator enables detailed analysis of price action within the 5-minute time frame, providing valuable insights into short-term market movements. How it Works: The 5m Candle Overlay indicator calculates the OHLC (Open,...
Bollinger Bands and Keltner Channel are two of my favorite channels. When you use them correctly, they can bring great help to your trading. I like to use Bollinger Bands and Keltner Channels to identify when you can trade and when you can not trade, which is also known as the "squeeze". When the opening of the Bollinger Bands is very small, it is a range that ...
This indicator highlights the Overnightsession (ONS), taught by TheCurrenyMerchant. The Overnightsession is from 4-8 am UTC-5. This session can be used to form trades, e.g. after one side has been taken out. It has the options to display Projection and the equilibrium level. Equilibrium level (50%) can be used to identify if price is currently in premium/discount...
First, the credit for the original script to plot a High and Low between a certain time goes to developer paaax. I took that idea, converted it to Pinescript V5, cleaned up the code, and added a few more lines so you can plot different levels based on time of day. Published open source like the original. The example shown has: Blue - plotting from the start of...
This script is designed to help you analyze price movements in the financial markets by calculating the Average Daily Range (ADR), adjusting it based on exponentiality and generating price targets based on that range. The ADR represents the average range between the highest and lowest prices of a trading instrument during a specific period. It gives you an idea...
This is an RSI dashboard, which allows you to see the current RSI value for five timeframes across up to 8 tickers of your choice. This is a useful tool to gauge momentum across multiple timeframes, where you would look to enter a buy with high RSI values across the timeframes (and vice versa for sell positions). Conversely, some traders use RSI to identify...
Kalman Filter The Kalman Filter is a powerful mathematical tool that provides an efficient computational solution to the least-squares method. It was initially developed and used for navigation and control theory but has found its way into numerous applications, including financial market analysis. In simple terms, a Kalman filter is an algorithm that uses a...
█ OVERVIEW I changed the design of the classic indicator "Donchian Channels", for easy reading. █ CONCEPTS Donchian Channels is an indicator made up of upper and lower bands around a mid-band or Basis. The upper band marks the highest price of a security for N periods, while the lower band marks the lowest price of a security for N periods. The area between the...