The MACD on RSI indicator combines elements of the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI). It calculates the RSI on a specified source with a customizable length, then applies two exponential moving averages (EMAs) to the RSI values. The difference between these EMAs forms the MACD line, visually representing the...
The "ROC Since Morning" indicator is designed for traders who wish to gauge the momentum of an asset from a specific time in the morning, allowing for a customizable analysis of pre-market and intraday movements. This indicator calculates the Rate of Change (ROC) from a user-defined hour, offering insights into how the price has moved since then. How to Use: Add...
this Pine Script that identifies a bearish candle with a body ratio of at least 55% that closes under the lowest point of a preceding bullish candle (also with a body ratio of at least 55%), you can follow the steps below. The body ratio is calculated as the absolute difference between the candle's open and close prices, divided by the range of the candle (high to...
PositionCalculator is a simple position calculator that helps to calculate position size or lot size based on custom settings. The calculation result is presented as a table on the chart screen. Settings description: MAIN SECTION: Risk level in percentage Account size Entry price Stop price Take Profit FOREX SETTINGS are in addition to the...
Description: The "200 EMA Trend Strategy" is a versatile technical analysis tool designed for day trading and long-term investing. It aims to identify potential trend reversal points in the market based on the interaction between the price and the 200-period Exponential Moving Average (EMA). This strategy utilizes the 200 EMA, standard deviation bands, and basic...
ICT Daily Bias helps us determine where the market is likely to go for the day. The ICT Daily Bias tool aids in forecasting the likely direction of the market for the day. It delineates the previous day's high and low levels, providing insights into potential price movements whether the market is expected to touch the previous day's high or low.
The TUF_LOGIC library incorporates three-valued logic (also known as trilean logic) into Pine Script, enabling the representation of states beyond the binary True and False to include an 'Uncertain' state. This addition is particularly apt for financial market contexts where information may not always be black or white, accommodating scenarios of partial or...
Relative Strength Index (RSI) The Relative Strength Index (RSI) is a popular momentum oscillator used in technical analysis to measure the speed and change of price movements. Developed by J. Welles Wilder, the RSI is calculated using the average gains and losses over a specified period, typically 14 days. Here's how it works: Description and...
This indicator is designed for cryptocurrency traders and analysts who wish to compare the spot price of Bitcoin (BTC) on Coinbase (BTC/USD) against Binance (BTC/USDT), highlighting the premium or discount between these two major exchanges in real-time. Additionally, it incorporates a moving average of the premium, allowing users to identify trends over their...
🔵 Introduction The "Smart Money Concept" transcends mere technical trading strategies; it embodies a comprehensive philosophy elucidating market dynamics. Central to this concept is the acknowledgment that influential market participants manipulate price actions, presenting challenges for retail traders. As a "retail trader", aligning your strategy with the...
The Dynamic Order Blocks indicator displays the most recent unmitigated bullish and bearish order blocks on the chart, providing dynamic support/resistance areas. When price sweeps an order block, this is highlighted by the script indicating a potential reversal. The average between the displayed order blocks is also displayed. 🔶 USAGE Order blocks are...
Ghost Tangent Crossings (ChartPrime) is a revolutionary way to visualize pivot points and zig-zag patterns that utilizes ellipses. This indicator makes sure that each pivot is plotted from high to low, ensuring a correct zig-zag wave pattern. Before a zig-zag is confirmed Ghost Tangent Crossings (ChartPrime) plots an estimate of the next valid move allowing you...
This indicator is designed for users interested in backtesting the Silver Bullet strategy. It eliminates the need for manual drawing of vertical lines by automatically highlighting specific times known as ICT Silver Bullet times. These times correspond to periods when smart money are active the market. The indicator marks these Silver Bullet times with vertical...
This script is a custom implementation of grouped Simple Moving Averages (SMA) with added Bollinger Bands Key Features: Customizable Length (n): Allows users to set the length for the SMA calculation. The length is the number of bars used to calculate the average. This is input by the user and can be adjusted to analyze different time periods. Standard Deviation...
The Volume Quartile Indicator is a tool designed to analyze and classify trading volumes based on quartile levels, offering traders a visual means to assess market strength and momentum. This indicator calculates volume levels using a default length of 60 periods to determine the quartiles at 10%, 30%, 50%, 70%, and 90%. Each quartile range is represented by a...
This indicator identifies instances where a doji candlestick pattern is followed by either a bullish or bearish candle, indicating potential reversal or continuation signals in the market. Features: Doji Detection: Utilizes the concept of doji candlesticks, where the difference between the open and close prices is minimal compared to the candle's overall...
Brief introduction: Easy to use trend indicator to help find entry positions How it works: 1, short-term trend judgment: EMA is greatly influenced by short-term trends, so it is very good to use it as a tool for judging short-term trends. At the same time, the filtering function has been added: Long: green Short: red No direction: blue 2, the general trend...
The TrendLine Toolkit script introduces an innovating capability by extending the conventional use of trendlines beyond price action to include oscillators and other technical indicators. This tool allows traders to automatically detect and display trendlines on any TradingView built-in oscillator or community-built script, offering a versatile approach to trend...