Analyzing price movements for a few years taught me one thing - markets always reverse bouncing off some horizontal Support/Resistance level. The only exception to this rule is when market pops new ATH (All Time High), which certainly happened in so-called "price discovery" run - this asset has never been in this space before, so no Support/Resistance could have...
Analyzing price movements for a few years taught me one thing - markets always reverse bouncing off some horizontal Support/Resistance level. The only exception to this rule is when market pops new ATH (All Time High), which certainly happened in so-called "price discovery" run - this asset has never been in this space before, so no Support/Resistance could have...
Software part of algotrading is simpler than you think. TradingView is a great place to do this actually. To present it, I'm publishing each of the default strategies you can find in Pinescript editor's "built-in" list with slight modification - I'm only adding 2 lines of code, which will trigger alerts, ready to be forwarded to your broker via TradingConnector...
Software part of algotrading is simpler than you think. TradingView is a great place to do this actually. To present it, I'm publishing each of the default strategies you can find in Pinescript editor's "built-in" list with slight modification - I'm only adding 2 lines of code, which will trigger alerts, ready to be forwarded to your broker via TradingConnector...
Momentum Indicator based on previous candle structure over past 40 periods - Blue is momentum score - Green = 15 ema - Red = 50 sma - orange = 100 sma The indicator looks at the previous candles differences between open, close, high, and low to determine momentum. A high close relative to open or low indicates very strong momentum for example.
This indicator for 5 minute NQ charts utilises TICK index and price action. Where TICK opens beyond +1000/-1000 this is an overbought/oversold signal. Similarly, when TICK closes below -200 it is a sell signal, and above +200 it is a buy signal. This indicator colours the NQ bars based on the closing/opening values of the previous TICK. It also draws arrows...
I was checking some concepts about weekly profiles and Monday range. This scripts highlights monday and tuesday in forex/futures and mondays in stocks. The weekly direction is mostly defined monday and tuesday, if tuesday crosses monday high or low, following days will continue same direction.
Gann's Square's are some of the best known tools created by Gann. His most well known square was his Square of 9. The reason for this was because of the symmetry 9 had with itself. Gann was able to balance both price and time with this symmetry. - 9 is the last single-digit and largest number - You can add anything to 9 and it will give you a natural number ...
This is a pure PRICE ACTION indicator that will show you possible trend lines, pivot lines and candlestick patterns at once. it has been designed to determine upper and lower trend lines in the chart and you can set candlestick patterns on them with alerts! it means that you add the indicator to the chart and set the alert and done! whenever a pinbar or engulf or...
This indicator is based on the high probability candlestick patterns described in the ’Secrets of a Pivot Boss’ book. The indicator does not suffer from repainting. I have kept this indicator open source, so that you can take this indicator and design a complete trading system around it. Although the patterns have some statistical edge in the markets,...
This is an indicator that expresses the strength of a candlestick in numbers. The criteria are as follows Candlestick is bullish:+1,bearish:-1,(If the value is more than twice the ATR, the score is 2 and -2, respectively.) Close is higher than the previous value: +1, lower: -1 High is higher than the previous value: +1, lower: -1 Low is higher than the previous...
Trade Central 2-Bar Scalper is a scalping signal indicator based on short term price action using candlesticks. If 2 consecutive green candles form which are less than the max bar length defined in settings then indicator gives a buy signal. Similarly, if 2 consecutive red candles form then it gives a sell signal. It sounds very simple but it is a very powerful...
█ OVERVIEW I am happy to present this script with a nice idea! You can now customize a watchlist with your preferred time frame and any symbol from any market. The main purpose is to be aware of any moves and watch a brief overview of the chart. █ FEATURES - 8 customizable symbols with the option to show/hide anyone - Multi time frame support - 3 Types of charts...
I created this Indicator for all chart lovers. This Indicator measures the wick parts of candles and sum it up. Wick part of candle is a sign of strength that's why it measures the 60 bars of candles wick. then sum it up and converted it in percentage. The output is indicated in the last 10 candles. that's how simple this indicator is but very useful to analyze...
This script displays all candle patterns found in multi-time frames for a given lookback period. Candle pattern screening logic is taken from TradingView’s built-in script. The script works with 5m, 15m, 30m, 1HR, 2HR, 4HR, D, W, M timeframe. Works best with 5m chart. Options available for trend detection, lookback period, and selecting candle pattern. Please...
Poor Reversals Indicator This indicator finds Poor Reversals. Poor reversals are reversals in price with consecutive highs or lows that are close together. Look for the different types of highs and lows. Some say candle patterns don't matter, but they forget it's the orderflow that makes the pattern. Find poor, tweezer, and 1 tic rejections and study what happens...
The Instantaneous Phase Dominant Cycle was created by John Ehlers (Stocks & Commodities V. 18:3 (16-27)) and this is one of many similar indicators that I will be publishing from Ehlers in the next few months that calculate the current dominant cycle period. The cycle period can be used in multiple ways but generally this means that if the stock is currently at a...
KV BOX is a trading indicator. It combines Darvas box theory (developed by Nicolas Darvas), breakout strategy, multi-timeframe trading and ALMA (Arnaud Legoux Moving Averages). This indicator helps identify BUY signals when the price is in the entry zone and SELL when the price breaks out of the uptrend. --- How to use? KV BOX can be used in both SPOT and...