DEVPRO Trading system comprises of the following:
D - Double (EMA and VWAP)
E - EMA
V - VWAP (current and previous day ending VWAP level)
P - Standard Pivot Point
R - RSI (Multi-time frame table is added at the top and traders can add standard RSI 14 as an additional non-overlay indicator)
O - OI data (not available for options trading in TV but trader can always...
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...
This script defines a custom indicator called "Buy Signal Indicator." It calculates the 9-day Exponential Moving Average (EMA) using the ema() function. Then, it checks if the current candle closes above the 9 EMA and the preceding candle also closed above it with higher highs and higher lows. If these conditions are met, a green "BUY" label will be displayed...
The Open Interest Chart displays Commitments of Traders %change of futures open interest , with a unique circular plotting technique, inspired from this publication Periodic Ellipses .
🔶 USAGE
Open interest represents the total number of contracts that have been entered by market participants but have not yet been offset or delivered. This can be a...
Introducing "Volume Profile Bar-Magnified Order Blocks", an innovative and unique trading indicator designed to provide traders with a comprehensive understanding of market dynamics. This tool takes the concept of identifying order blocks on your chart and elevates it by integrating a detailed volume profile within each order block zone.
Unlike standard order...
█ Time Cycles Overview
Time cycles are a fascinating and powerful concept in the world of trading and investing. They are all about understanding and predicting the timing of market moves based on the premise that market events and price movements are not random, but instead occur in repeatable, cyclical patterns.
The Concept of Time Cycles: The foundation...
Introducing the Ultimate Balance Oscillator: A Powerful Trading Indicator
Built upon the renowned Rate of Change (ROC), Relative Strength Index (RSI), Commodity Channel Index (CCI), Williams Percent Range, and Average Directional Index (ADX) from TradingView, this indicator equips traders with an unparalleled understanding of market dynamics.
What sets the...
This script is primarily intended as a scalping tool.
The theory of the tool is based on the fact that the price always returns to its mean.
Elements used:
1. VWMA as a moving average. VWMA is calculated once based on source close and once based on source open.
2. the bands are not calculated like the Bollinger Band, but only a settlement is calculated for...
The Volume Accumulation Oscillator (VAO) is a powerful momentum-based indicator designed to assess the strength of volume accumulation in a given asset. It helps traders identify periods of intense buying or selling pressure and potential trend reversals.
The VAO calculates the Net Volume Accumulation (NVA) by considering the volume, open, close, high, and low...
The David Varadi Intermediate Oscillator (DVI) is a composite momentum oscillator designed to generate trading signals based on two key factors: the magnitude of returns over different time windows and the stretch, which measures the relative number of up versus down days. By combining these factors, the DVI aims to provide a reliable and objective assessment of...
The script below is designed to show up to 4 different trading sessions i.e. London, New York, Tokyo and Sydney sessions, it also displays the days each session is taking place in as well as two horizontal lines one for the previous days high and the other for the previous days low.
It also displays a table that shows the user the highest and lowest price for 4...
Volume Spread Analysis (VSA) is a methodology used in trading and investing to analyze the relationship between volume, price spread, and price movement in financial markets. It was developed by Richard Wyckoff, a prominent trader and market observer.
The core principle of VSA is that changes in volume can provide insights into the strength or weakness of price...
Simple indicator utilising time series momentum to identify secular/cyclical trends in asset classes. Default setting is weekly timeframe - yearly/quarterly. The indicator helps define when in bull/bear market, and corrections/rebounds within larger trends.
CANDLE STICK HEATMAP shows the statistics of a candle at a particular time. its very useful to find repeating pattern's at a particular time in a day.
based on the settings you can see regular repeating patterns of a day in an hourly chart. During a particular time in day there is always a down or up signal or candles.
The table boxes are candles in RED and GREEN...
Introducing the Logarithmic Volatility Indicator , an innovative trading indicator designed especially for trading in low volatility markets. This powerful indicator is aimed at traders of all levels, from beginners to experts, and is based on fundamental concepts of mathematics and statistics applied to the financial market. Its main objective is to provide you...
![SPX: Open Interest Chart [LuxAlgo]](https://s3.tradingview.com/x/xGnUhodO_mid.png "Open Interest Chart [LuxAlgo]")
![BTCUSDT: Volume Profile Bar-Magnified Order Blocks [MyTradingCoder]](https://s3.tradingview.com/n/n5WMDywt_mid.png "Volume Profile Bar-Magnified Order Blocks [MyTradingCoder]")
![GBPUSD: Sessions[Lenny Kiruthu]](https://s3.tradingview.com/5/5tvTORRQ_mid.png "Sessions[Lenny Kiruthu]")
