The Targets For Many Indicators is a useful utility tool able to display targets for many built-in indicators as well as external indicators. Targets can be set for specific user-set conditions between two series of values, with the script being able to display targets for two different user-set conditions. Alerts are included for the occurrence of a new target...
📣The present indicator is a MACD based buy/sell signals indicator with support and resistance, that can be used to identify potential buy and sell signals in a security's price. 📣It is based on the MACD (Moving Average Convergence Divergence) indicator, which is a momentum indicator that shows the relationship between two moving averages of a security's...
This indicator provides an enhanced version of the popular Parallel Channel tool by allowing channel boundaries to be extended above and below the primary channel. It can also serve as a general tool for drawing parallel lines and grid lines to aid technical analysis. 🟠 Application There are two primary ways extended channels can provide valuable insights: 🔵 ...
The Predictive Channels indicator is a real-time estimate of a trend channel. The indicator returns 2 resistances, 2 supports, and an average line. 🔶 USAGE The Predictive Channels attempt to find a real-time estimate of an underlying linear trend in the price, the returned supports/resistances are constructed from this estimate. The area between the...
Script Description: Delta Zones Buy/Sell Pressure Indicator Description: The "Delta Zones Buy/Sell Pressure" indicator, created by the original author "scarf", is a technical tool that unveils key areas of buying and selling pressure in the market. This indicator utilizes the concept of Delta, calculating differences between open, close, high, and low...
Hello Traders :) I am Only Fibonacci. While coding this indicator, I examined many concepts and decided to blend them. I took the method shared by most traders and added different perspectives and options. First of all, you can choose how many order block regions you want to see on the screen. Note: The levels displayed on the screen are the sum of bears and...
This indicator draws a horizontal line on the price chart at the point where two pre-defined SMA (Simple Moving Average) lines intersect. It is most useful for identifying crossed SMA lines on the 1-hour chart and then trading on smaller chart intervals. For optimal performance, it is recommended to customize the values of the SMA lines individually for each...
VWAP Balance Zones (VBZ) Is based on 3 concepts. Many Traders use VWAP to help determine Price Trends. Trends are typically identified by new Highs or new Lows. Balanced is found when Supply and Demand are mostly Equal. VBZ tracks the daily, weekly, and monthly highs and lows; Then plots the average (50%) between the VWAP and the respective extremes. 50%...
The most precise MA/EMA set up for any timeframe. Very accurate for crossovers and trailing support/resistance. FOLLOW @JORD3010
This indicator provides a new approach to creating price zones that can be used as support and resistance. The approach does not use pivot points or Fibonacci levels. Instead, it uses the frequency of occurence of local maxima and minima to determine zones of interest where price often changed direction. The algorithm is as follows: - Gather price data from the...
Overview: Triangles have always been known to be the strongest shape. Well, why wouldn’t that likewise apply to trading? This Indicator will create Upwards and Downwards Triangles which in turn create Support and Resistance locations. For example, we find 2 highs that meet the criteria (within deviation %, Minimum Distance and Lookback Distance). We calculate...
Overview: Support and Resistance is normally based upon Pivot Points and Highest Highs and Lowest Lows. Many times coders even incorporate Volume, RSI and other factors into the equation. However there may be a downside to doing a pure technical approach based on historical levels. We live in a time where Machine Learning is becoming more and more used; thus we...
The “Liquidity Pools” indicator is a tool for market analysts that stands out for its ability to clearly project the intricate zones of manipulation present in financial markets. These crucial territories emerge when supply or demand takes over, resulting in long shadows (wicks) on the chart candles. Imagine these regions as "magnets" for prices, as they represent...
The Monthly Range Support & Resistance Levels is an advanced analytical tool designed to assess monthly price movements and provide potential support and resistance levels. This tool examines the average monthly price fluctuations over the past 7 months (default), and creates support and resistance levels based on the opening price. The indicator also considers...
This indicator is a visual representation of the VWAP (Volume Weighted Average Price), it calculates the weighted average price based on trading volume. Essentially, it provides a measure of the average price at which an asset has traded during a given period, but with a particular focus on trading volume. In our case, the indicator calculates the VWAP for the...
Buying near the bottom and selling near the peak can be a challenging trading approach. However, it all begins with the ability to identify these essential zones. This indicator is targeting support and resistance with heightened accuracy. It utilizes features like: I. Multi-Level Weighting for Enhanced Support and Resistance Zones II. Vertical Zone Range...
The MACD Support & Resistance indicator is an enhanced tool to better visualize potential supply (resistance) and demand (support) zones based on the MACD indicator. It combines the strength of the MACD with recent price highs and lows to depict potential breakout or reversal areas in the market. Features: MACD Settings: Users can adjust the fast length, slow...
The “Encapsulation Box” indicator is designed to locate areas of the chart where the highs and lows of candlesticks are “embedded” or enclosed within the body of a previous candlestick. This setup indicates a significant contraction in the market and can provide important trading signals. Here's how it works in more detail: Detecting contraction: The indicator...