Neutral State Stochastic Oscillator {DCAquant} The Neutral State Stochastic Oscillator {DCAquant} is an enhanced version of the classic Stochastic Oscillator. This iteration aims to refine the detection of neutral market states — periods where the market is neither overbought nor oversold — potentially signaling a period of consolidation or equilibrium before the...
The Neutral State MACD {DCAquant} The Neutral State MACD {DCAquant} offers a nuanced interpretation of the classic MACD (Moving Average Convergence Divergence) indicator. By focusing on the neutrality of price movements, it serves to identify periods where the market lacks a defined directional bias, often seen as potential phases of accumulation or distribution...
Script Introduction The L3 Ultimate Market Sentinel (UMS) is a technical indicator specifically designed to capture market turning points. This indicator incorporates the principles of the Stochastic Oscillator and provides a clear view of market dynamics through four key boundary lines — the Alert Line, Start Line, Safe Line, and Divider Line. The UMS...
Linear regression is a linear approach to modeling the relationship between a dependent variable and one or more independent variables. In linear regression, the relationships are modeled using linear predictor functions whose unknown model parameters are estimated from the data. The regression channel in this study is modeled using the least squares approach...
Library "LibraryCOT_NZ" This library provides tools to help Pine programmers fetch Commitment of Traders (COT) data for futures. rootToCFTCCode(root) Accepts a futures root and returns the relevant CFTC code. Parameters: root (simple string) : Root prefix of the future's symbol, e.g. "ZC" for "ZC1!"" or "ZCU2021". Returns: The part of a COT...
Introduction: The "OPEN=HIGH/LOW Labels" script is designed to visually indicate instances where the opening price is equal to the high or low price of the candle. It overlays labels on the chart to highlight these conditions, providing traders with additional insights into price action. Key Features: Customizable Inputs: Traders can adjust parameters such as...
ntroduction The "Long / Short OI Build Up" script is designed to identify potential long or short build-up opportunities based on changes in open interest (OI) and price movements. Open interest refers to the total number of outstanding contracts for a financial asset, such as futures or options, that have not been settled. This script provides insights into...
How Users Can Make Profit Using This Script: 1. Calculate the difference between the previous day's high and low prices to determine the price range. 2. Identify if today's close price is significantly higher or lower than the previous day's close price. 3. If today's close price is at least 10 points higher than the previous close, consider a potential buy...
Pivot Length Bands Indicator Description: The Pivot Length Bands indicator is designed to visualize price volatility based on pivot points and ATR-adjusted pivot points. I. These bands can help traders identify potential support and resistance levels and assess the current volatility of the market. Inputs: Swing Length: The length of the swing used to calculate...
Library "EagleEyeEmbeds" Pine Script library to build out a webhook that is catered to Discord Embed formatTimeframe() discordWebhookJSON(contentText, username, avatar_url, embeds) Constructs a JSON string for a Discord webhook message. This string includes optional fields for content, username, avatar URL, and embeds. Parameters: contentText...
This indicator can be used with a strategy known as gap close reversal. Gap close reversal is a trading strategy based on the idea that when a market experiences a gap (a significant difference between the previous day's close and the current day's open), there's a tendency for the price to fill or "close" the gap by moving back to the previous day's closing...
The Giga Kaleidoscope GKD-C Derivative Oscillator is a Confirmation module included in AlgxTrading's "Giga Kaleidoscope Modularized Trading System." █ GKD-C Derivative Oscillator, a brief overview The Derivative Oscillator is a technical analysis tool used in trading that merges the concepts of the Relative Strength Index (RSI) and the double smoothed...
This Pine Script, developed by Mustafa Kapuz, offers a unique approach to visualize price movements through a custom Renko chart directly on your TradingView overlay. Unlike traditional Renko charts that are detached from time series, this script allows traders to overlay Renko-style price movements over standard charts, providing a hybrid view that combines the...
J. M. Hurst introduced a concept in technical analysis known as the Future Line of Demarcation (FLD), which serves as a forward-looking tool by incorporating a simple yet profound line into future projections on a financial chart. Specifically, the FLD is constructed by offsetting the price half a cycle ahead into the future on the time axis, relative to the Hurst...
LevelUp Alpha is a collection of tools designed in collaboration with Brian Shannon, CMT, creator of the anchored VWAP (AVWAP) and the author of two best-selling books on technical analysis. This indicator is focused on tools and techniques that Brian uses in both his analysis and trading. LevelUp Alpha Goals One primary goal of LevelUp Alpha was to create an...
The indicator combines two components: Exponential Moving Averages (EMAs) and Bollinger Bands. Exponential Moving Averages (EMAs): The indicator calculates four EMAs with different periods: 9, 13, 18, and 25. An Exponential Moving Average is a type of moving average that places a greater weight and significance on the most recent data points. As the name...
Bollinger Bands (BB) are a widely used technical analysis created by John Bollinger in the early 1980’s. Bollinger Bands consist of a band of three lines which are plotted in relation to instrument prices. The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (The type of trend line and period can be changed by the trader;...
This Pine script is a comprehensive trading strategy indicator for TradingView that combines three different technical analysis techniques: the Modified EMA-WMA ADX Trading Strategy, RSI Reversals, and the Chandelier Exit strategy. Here's a breakdown of what the script does: Inputs: The script starts by defining several user inputs that allow traders to customize...