This indicator displays the high and low (H/L) prices of the last two sessions on the current day, making it ideal for use on intraday timeframes to monitor price action reactions at these levels.
I needed such an indicator but couldn't find one. With the help of ChatGPT, I managed to code something here. I attempted to implement a way to hide past day's...
This indicator displays the H/L (high/low) of the last two sessions on the current day. It is ideal for use on intraday timeframes, to monitoring price action around these levels.
I needed such an indicator but couldn't find one and with the help of ChatGPT, I managed to code something here. I attempted to implement a way to hide past days' information, but I...
█ 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...
A minimal breakout trend following indicator (Turtle trading). Entry is on the break of a Donchian channel and exit is on the reversal at a shorter-term Donchian channel (trailing stop).
Entry levels are hidden in an active trend, and only the active exit level is shown. Levels and entry/exit markers can be shown or hidden independently.
The script is an implementation of the Donchian Channel Smoothed indicator using linear regression to smooth the data. The indicator plots three curves: the middle curve, which represents the average of the upper and lower curves, and the upper and lower curves, which are the standard Donchian channels.
The smoothing is done using linear regression on the highest...
The OBV-MACD indicator is a momentum-based technical analysis tool that helps traders identify trend reversals and trend strength. This Pine script is an implementation of the OBV-MACD indicator that uses the On-Balance Volume (OBV) and Moving Average Convergence Divergence (MACD) indicators to provide a momentum data of OBV.
The OBV-MACD indicator uses the OBV...
Hi , in this script i tried to find reversal points on big trends. For this purpose i have used Supertrend and Donchian channels. I combined both in a single indicator for finding reversal points. I am suggesting for using higher time frames like 4 hours or 1 day. It will be work in lower time frames too. But the signals will be less reliable than higher...
What is Neo DC Channel
Neo DC Channel is using the concept of Donchian Channels but add some more functions in other to represent more data.
Donchian Channels are three lines generated by moving average calculations that comprise an indicator formed by upper and lower bands around a midrange or median band. The upper band marks the highest price of a security...
In this script you can choose tri non-standard charts and select multiple moving average and timeframe: EMA , SMA , WMA , VWMA , SWMA , SMMA , DEMA , RMA , HMA , TEMA , THMA, EHMA, DONCHAIN, TMA, LSMA , MCGINLEY , COVWMA, FRAMA , VIDYA and KAMA .
It will continually be updated with new moving averages
🎲 Concept
Zigzag is built based on the price and number of offset bars. But, in this experiment, we build zigzag based on different bands such as Bollinger Band, Keltner Channel and Donchian Channel. The process is simple:
🎯 Derive bands based on input parameters
🎯 High of a bar is considered as pivot high only if the high price is above or equal to upper...
How does it work?
- The indicator detects the highest and lowest price level in the last x periods every time prices advance by x periods.
- From these values, retracement (0.618, 0.786) and expansion levels (1.272, 1.618, 2, 2.618, 3.14, 3.618, 4.236) are obtained.
- Since the symmetrical counterpart of the retracement levels is used, there are two of each of the...
Swing Trading Strategy Features:
1. Point out candles where days low price matched 20 day low price (Blue Triangle with Yellow Bar)
2. Hollow Body candles depict days when days close is within the threshold of 20 day high (defaulted to 5%). An indication to start GTT buy orders.
3. Point out candles when GTT buy order was triggered (Light Green...
Simple indicador with Donchian channels multitimeframe but you can see a cloud similar to ichimoku with the middle of the donchain channels between the actual timeframe and the upper one.
Advanced Donchian Channels displays future donchian channel values based on the current information on the chart.
It displays a normal donchian channel at the specified user length with the future values extending from the current bar.
Depending on the direction of price movement, these values do not repaint. It is known when it does and does not repaint, and the...
🌊 Donchian Channels with Middle Line, Limits and Shadows | by Octopu$
Donchian Channels are three lines generated by Moving Average calculations.
These lines formed by upper and lower bands around a midrange or median band.
The Upper Band marks the Highest price of a security over X periods of time.
While the Lower Band marks the Lowest price over the same...
Hi, it's been a while since I posted a script.
This script basically puts the principle of convergence and divergence first.
(The Bollinger Band on the main chart is for reference)
The cRSI will move within the range of 0-100 just like the normal RSI
Along with that, there is a Donchian channel that will be the main activity area of the cRSI
If you know the...
This case study is based on different previous studies: Trend Cloud Performance & Bollinger Bands Performance , with only one count for the different indicators and independent performance charts. The use of this indicator is restricted to private use and it can be used only by invitation. Different functionalities have been added to the original code, such...
This case study is based on a Price Level Average as in Donchian Channels but with a Variance Level (aka Standard Deviation ), and a performance chart. The use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to...
![ETHUSDT: Donchian Channels [Gu5]](https://s3.tradingview.com/c/Cc7xGmYO_mid.png "Donchian Channels [Gu5]")
![BTCUSDT: Channel Based Zigzag [HeWhoMustNotBeNamed]](https://s3.tradingview.com/q/QWj7mtEF_mid.png "Channel Based Zigzag [HeWhoMustNotBeNamed]")
![BNBUSDT: DonchianFib[Akcay]](https://s3.tradingview.com/z/ZnuN94Y1_mid.png "DonchianFib[Akcay]")
![ETHUSDTPERP: [_ParkF]cRSI](https://s3.tradingview.com/i/IFE7pvmk_mid.png "[_ParkF]cRSI")
