A cumulative line measuring the rate of change between previous days close to today's opening price
Understanding the Script: Purpose: This script identifies potential trend direction and momentum using a moving average and wave amplitude calculation. It shows a green line when the price is trending upwards and a red line when trending downwards. Strategy: This script doesn't provide a complete trading strategy. It's an indicator designed to be used alongside...
This Pine Script indicator calculates the difference between the price and a main moving average (SMA or EMA), allowing you to track deviations in either absolute or relative (percentage) terms. It offers several features to help visualize and smooth this difference: - Main MA Difference: Shows the price deviation from the moving average, either as an absolute...
Tare's Multi-Timeframe Market Heatmap is a powerful tool designed to help traders quickly gauge market sentiment across multiple timeframes using a combination of RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicators. This indicator analyzes four customizable timeframes to determine whether the market is bullish or bearish,...
This code is an indicator for drawing custom candle charts based on volume and analyzing price fluctuations and trends. A specific description is provided below: Main functions and analysis details Cumulative Volume Calculation Accumulates the volume of all bars and calculates the cumulative volume. This gives an idea of the total volume of volume. Counter...
The Breadth Thrust Indicator, based on Zweig's methodology, is used to gauge the strength of market breadth and potential bullish signals. This indicator evaluates the breadth of the market by analyzing the ratio of advancing to declining stocks and their associated volumes. Usage: Smoothing Length: Adjusts the smoothing period for the combined ratio of breadth...
Overview This script draws horizontal lines based on the opening prices of daily, weekly, monthly, quarterly, and yearly candles. A unique feature of this script is the ability to overlay lines from previous periods onto the current period. For example, it can draw the opening price line of the current month as well as the line from the previous month. This...
Bollinger Band + Mid Band This indicator combines the classic Bollinger Bands with enhanced customization options, allowing traders to fine-tune the settings according to their specific strategies. Key Features: Moving Average Flexibility: Choose between Simple Moving Average (SMA), Exponential Moving Average (EMA), or Weighted Moving Average (WMA) as the...
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Relative Volume Index (RVI) Short Description: Relative Volume Index (RVI) with customizable volume bands, moving averages, and alerts for high and low volume thresholds. Includes options for displaying daily and weekly relative volume for enhanced analysis. Full Description: The Relative Volume Index is a powerful and versatile tool designed to help...
Plots exponential moving average on three timeframes at once for rapid indication of momentum shift as well as slower-moving confirmations. Displays EMA 5, 10, and 20. The default colors are simple to follow, via Red/Yellow/Green Traffic Light. When momentum is shifted upwards, the bands will be Green on bottom, then Yellow, and Red on top. When momentum shifts...
# 3-Bar (Outside Bar) Scanner with Table Display ## Overview The **3-Bar (Outside Bar) Scanner with Table Display** is a custom TradingView indicator designed for traders who utilize **The Strat** methodology. This indicator scans for **3-bar (Outside Bar)** patterns across multiple symbols and displays the results in a convenient table format directly on your...
Library "bollingerBands" Bollinger bands related functions get_multiple_bollinger_bands(stdv1, stdv2, stdv3, stdv4, stdv5, stdv6, stdv7, length, source) Parameters: stdv1 (int) stdv2 (int) stdv3 (int) stdv4 (int) stdv5 (int) stdv6 (int) stdv7 (int) length (simple int) source (float) ...
This indictor will mark intraday levels. Levels will be marked by calculating 3% up and 3% down from previous day close. This indicator calculates 3% levels above and below the previous day's close. These levels can be used to track potential support or resistance levels throughout the trading day. This script helps plot 3% above and below the previous day's...
created by Larry Williams--Accumulation/Distribution Larry Williams 的集散指标(WAD)计算方法则是基于价格变化: 如果当日收盘价高于前一日收盘价: WAD = 前一日的 WAD + ( 收盘价 − min ( 最低价 , 前一日收盘价 ) ) WAD=前一日的 WAD+(收盘价−min(最低价,前一日收盘价)) 如果当日收盘价低于前一日收盘价: WAD = 前一日的 WAD + ( 收盘价 − max ( 最高价 , 前一日收盘价 ) ) WAD=前一日的 WAD+(收盘价−max(最高价,前一日收盘价)) 如果当日收盘价等于前一日收盘价: WAD = 前一日的 WAD WAD=前一日的 WAD
What's it all about? This nifty little tool, the Donchian Channels Oscillator, helps you spot when a stock might be overbought or oversold. It's like a price detective, looking for clues in the historical data to figure out if it's time to buy or sell. How does it work? Think of it as a seesaw. When the price is way above the Donchian Channels, it's like the...
Library "movingAveragesUtilities" get_movingAverages_data(source, length_fast, length_medium, length_slow) Parameters: source (float) length_fast (simple int) length_medium (simple int) length_slow (simple int)
Session Highlighter Script This Pine Script highlights the major trading sessions on your chart with distinct background colors and markers: - Asian Session: From 22:00 to 06:00 UTC (Tokyo Open to Close), highlighted in blue. -European Session: From 07:00 to 15:00 UTC (London Open to Close), highlighted in green. -U.S. Session: From 13:00 to 21:00 UTC (New York...