Why ultimate?
It's very configurable (you can select to see the candles or a line, pick the colors, switch between Heiken-Ashi and normal candles, etc.).
In addition to standard Heiken-Ashi candles, it offers the option of a new, modified calculation of the candles different than the standard Heiken-Ashi calculation.
It can work based off the existing...
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...
This basic script calculates and plots runs on liquidity levels through Raids and Sweeps. When the price violates the 3 fractal level, a raid or sweep occurs. You can use it to automate markup, understand liquidity levels, and reduce human error in your analysis. Additionally, you can set up an alarm to notify you when new sweeps or raids occur. Combine it with...
The IKH Cloud V1.0 (nextSignals) is an Ichomoku-type indicator that can be used for various trading strategies. It's based on a ThinkScript study from @stephenharlinmd (aka nextSignals) that uses an instantaneous moving average as the base MA, and a custom trailing stop. Both of these components form the cloud.
Indicator Components and Calculation
The...
The Price Delta Heatmap is an indicator designed to visualize the price changes of an asset over time. It helps traders identify and analyze significant price movements and potential volatility. The indicator calculates the price delta, which is the difference between the current close price and the previous close price. It then categorizes the price deltas into...
This indicator is an enhanced version of the Anchored VWAP indicator with additional functions:
1. Anchored AP (average price). It removes the volume weighting step in Anchored VWAP, and can display the average price over a period of time. For example, if the price of the stock in the last 3 days is 100, 200, 300, then AP is their average value of 200
2. Anchored...
The provided code is a custom indicator called "Trendilo" in TradingView. It helps traders identify trends in price data. The indicator calculates the percentage change of the chosen price source and applies smoothing to it. Then, it calculates the Arnaud Legoux Moving Average (ALMA) of the smoothed percentage change. The ALMA is compared to a root mean square...
This indicator focuses on detecting RBR and DBD patterns, which signify periods of increased momentum and potential continuation or reversal of the prevailing trend.
The RBR pattern consists of a rally (upward movement), followed by a base (consolidation or retracement), and then another rally. It suggests that the upward momentum may persist and provide trading...
This script displays the percentage of movement of all candles on the chart, as well as identifying abnormal movements to which you can attach alerts. An abnormal movement is considered a rise or fall that exceeds the parameter set in the settings (by default, 1% per 1 bar).
Added a function to display the volume on abnormal candlesticks.
// Mobius
// V01.01.29.2019
// Uses trend of higher highs with higher lows and trend of lower lows with lower highs to locate pivots. Distance for trend is set by the user. Confirmation of a reversal from pivots is set with a multiple of the pivot bars range. That multiple is also a user input.
// Trading Rules
// 1) Trade when price crosses and closes outside the...
Introducing the "Magic Vib Indicator" – a powerful tool designed to identify and highlight unique market scenarios known as "magic volume imbalances." This indicator is specifically crafted to recognize specific candlestick patterns that have demonstrated a significant impact on price movements.
The Magic Vib Indicator is meticulously engineered to detect a...
The primary objective of this indicator is to discern candles that exhibit characteristics suggestive of potential market reversals through the application of candlestick analysis. Extensive observation across various assets and timeframes has revealed the existence of a recurrent reversal pattern. This pattern typically manifests as a sequence of one to three...
This script is designed to change the color of bars on a trading chart based on different trading sessions in Eastern Time (ET). It is different from currently published scripts in that it specifically focuses on US time sessions and provides a customizable approach to defining and coloring each session.
To use this script, you can apply it to a chart by...
This indicator automatically put a straight line on the High, Low, Close, and Open and calculates the Consequent Encroachment or the midline (50%) of the previous candle. The calculation for the midline can be based on either the High and Low or the Open and Close. The option to disable OHLC labels is available. The indicator displays the premium and discount...
Description:
The Candle Color Overlay (CCO) indicator is a powerful tool for visualizing price movements on a chart. It overlays the chart with customizable colors, highlighting bullish and bearish candles based on their open and close values. This indicator helps traders quickly identify the direction of price movements and assess market sentiment.
How it...
Use this code to stop support and resistance
This can be used with the momentum indicators that I have to see if we are likely to breakout or get rejected
Indicator Settings:
The indicator is titled "Support/Resistance | Breaks & Bounces" and is set to overlay on the price chart.
max_lines_count is set to 500, indicating the maximum number of support/resistance...
Japanese below / 日本語説明は英文の後にあります。
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*This indicator is based on TheTrdFloor's "3 Line Strike ". It's a very cool indicator. thank you.
In addition to the original indicator, it will be judged Engulfing only when the display of the MTF signal and the candle have a difference of 2 times or more.
=== Function description ===
1. Display of...
The Bullish Engulfing pattern occurs when the close is higher than the open, and scripts will look for this pattern by checking the difference in the close and open prices sufficiently in pips. Likewise, the Bearish Engulfing pattern occurs when the close is lower than the open, and scripts will look for this pattern by checking for sufficient difference in the...
![EURUSD: Supply and Demand Based Pattern [RH]](https://s3.tradingview.com/n/N1UG66qp_mid.png "Supply and Demand Based Pattern [RH]")
![GBPJPY: 3 Line Strike MTF [MsF]](https://s3.tradingview.com/b/blnARpH3_mid.png "3 Line Strike MTF [MsF]")
