Composite Weighted Average (CWA) Indicator The Composite Weighted Average (CWA) indicator is a sophisticated technical analysis tool designed to provide a smoothed representation of price movements. It combines multiple Weighted Moving Averages (WMAs) in a unique way to create a more responsive and stable trend line. This indicator is particularly useful for...
Overview They say "Trend is your Friend". In my short trading timeline, I've realized the difficult part is making this friendship to happen. Although, not impossible. Trend Fire is one of the trend following strategy amongst many strategies out there. But the unique part of Trend Fire lies in the implementation and its accuracy to identify healthy Trends....
This indicator achieves plotting Renko bars with no repainting by resetting the open of the first Renko bar every market open after the FOREX market close. The indicator displays Renko bars for a timeframe chart which means multiple Renko bars can appear in the same timeframe as a single chart candle. This is because Renko bars aren't time bound, they are formed...
"Algos Asia Sweep" Indicator is here to help "Asia sweep" traders with statistics and technical analysis. This indicator includes three main parts: 1. It shows the three major sessions (Asia, London, and New York) as three boxes on the chart, so users can easily find the difference in volume and volatility in each session and use it to take trades with their...
I have written a script for determining the BIAS. It uses fractals of 3 for the highs and lows. It works as follows: If a range high is broken (!!!candelclose!!!), the last fractal low is selected as the new low point. The Rangelow is determined from this low point. If a fractal high now occurs, the range high is set at this point. This Range between the low...
Indicator: Price Excess with Adjustable Recovery This indicator detects excessive price movements and displays a potential recovery level. It is particularly useful for identifying trading opportunities after significant market movements. >> Key Features: 1. Detection of upward and downward price excesses 2. Display of an adjustable recovery level 3....
► Overview: Manual TrendLine is a strategy that allows traders to manually insert a trendline and opens trades when the trendline is retested or when the price hits a new highest high or lowest low. It provides flexibility in trendline configuration and trading behavior, enabling responsive and adaptable trading strategies. ► Description: The Manual TrendLine...
Because I was tired of manually marking gaps, I coded a simple script to automatically mark all candle gaps. To ensure that all gaps are displayed even when only the wicks of the next candles touch the previous candle, the condition for identifying gaps was adjusted. Now this indicator tracks all gaps live and highlights high-volume price changes, which is...
Indicators: Exponential Moving Averages (EMAs): Faster to respond to recent price changes compared to simple moving averages. RSI: Measures the magnitude of recent price changes to evaluate overbought or oversold conditions. Signal Generation: Buy Call Signal: Generated when the short EMA crosses above the long EMA and the RSI is not overbought (below 70). Buy...
What Does the Ultimate UT Bot Screener Do? Ultimate UT Bot Screener will help you navigate UT Bot signals and backtest results for up to 40 instruments simultaneously. It scans the market for provided UT Bot indicator parameters, calculates essential metrics, and displays the information in 1 fully customizable table. How Does It Work? Market Scanning :...
Heikin Ashi with Price Overlay (No Repainting) This TradingView indicator overlays Heikin Ashi (HA) candles on your chart, providing a clear and visually intuitive way to analyze market trends. The script offers the option to display either Heikin Ashi prices or actual prices, making it versatile for different trading strategies. Here’s a detailed breakdown of...
Purpose: This indicator calculates the probability of a price rise on Monday following a fall on the preceding Friday. It marks Fridays on the chart and displays the count and probabilities of such occurrences over the last 500 bars (or a user-defined lookback period). Inputs: Lookback Period: The number of bars to look back for the analysis (default is...
CZ's Hybrid Indicator is designed to provide traders with key support and resistance levels, buy and sell signals, and trend analysis. Functions and Usage: Support and Resistance Calculation: The indicator calculates support and resistance levels using the lowest and highest prices over a specified period (srLength), defaulted to 20 bars. Usage: These levels...
Important Note: This indicator relies on your expertise in time cycles and does not provide any buy or sell signals. It helps you by automating the drawing of minor and major time cycles and digital gates, relying on your personal expertise. It simply draws a vertical line every 12 candles from your selected starting candle and repeats this until the cycle is...
Library "Binary" This library includes functions to convert between decimal and binary numeral formats, and logical and arithmetic operations on binary numbers. method toBin(value) Converts the provided boolean value into binary integers (0 or 1). Namespace types: series bool, simple bool, input bool, const bool Parameters: value (bool) :...
### Quantum Duality Predictive Ranges v1.0 This Pine Script is designed to help traders predict price ranges and manage risk dynamically using ATR (Average True Range) calculations. It offers customizable settings, visual indicators, and alerts to assist in identifying trading opportunities and managing risk. #### Key Features - **Dynamic Risk Management**:...
Description: The Fiscasset Day Separator is a simple yet effective indicator designed to help traders visually separate trading days on their charts. This indicator plots a vertical line at the start of each new day, making it easier to analyze daily price movements and identify patterns. Key Features: Day Separation: Automatically detects and marks the start of...
Universal Algo By G Overview: Universal Algo By G is a comprehensive LONG-ONLY trading strategy specifically designed for medium to long-term use in cryptocurrency markets, particularly Bitcoin. This algorithm can be manually adjusted to fit the volatility of specific coins, ensuring the best possible results. While it does not generate a large number of...