Price Target percent drop is an indicator that allows you to set default percentage down from the 52 week high. A pullback, correction, bear and a bear market is marked as a 5%, 10%, 20% or 40% drop from the 52 week highest price, so this will show the target price to buy at if these thresholds are hit. You can change the default values of 5%, 10%, 20% and 40%...
MarketReader_Strategy is a very useful and advanced indicator: - It draws buying (green) and selling (orange) zone . -Once the buying or selling zone is tapped, the color is automatically changed to grey -It shows liquidity pool ($$$) engineered by market behaviour Buying or selling area are determined by an algorithm that combines volume profile,...
This is an update of the previous "same high/low" strategy. This strategy can be helpful for those who look for entrance price points after level retest based on the dollar cost averaging approach. The retest of the level is defined by two candles with the same low. 4 entrance points were calculated based on volatility (not based on ATR though) and the weights...
Wolfe Waves™ This indicator draws wolfe wave patterns. Some patterns need to be validated by the user. When detecting Wolfe waves, two triangles are formed. A target line is drawn from the origin of one of these triangles to the apex or trough of the other. Bullish patterns are indicated by green triangles and bearish patterns by red triangles. The target...
This script finds wicks that are longer than the candle body and marks them as potential trading zones to be revisited. Lines, shading, and lookback can all be modified. Full credit for original code goes to @Squam_Gobaloochee. We updated to Pinescript V5 and cleaned up code. We reached out to original for permission to repost publicly and open source.
The Levels Of Greed indicator is based on the same idea as the Levels Of Fear one and was suggested by several traders in the comment section. It helps analyze price advances to find the best levels for closing a long position in an asset after a quick surge or longer up-trend. In finance, volatility is a term that describes the degree of variation of an asset...
Theory Behind It" There have been hundreds of trading methods and theories that have been proposed by the trading community, each with a unique perspective on trading. One of the most popular theories is known as the Dow theory which was one of the first theories to theorise the concept known today as trends. Now the majority of today's trading strategies are...
While coding some filters into another indicator for Long/Short I noticed that ta.nearest.percentile might be the most useful tool in pinescript I've ever encountered. While percentile_nearest can be used for all kind of things I decided to code moving averages from it and made bands for bottom percentage and top percentage. The indicator will calculate the top %...
█ OVERVIEW This indicator was designed based on Harmonic Pattern Book written by Scott Carney. It was simplified to user who may always used tools such as XABCD Pattern and Long Position / Short Position, which consume a lot of time, recommended for both beginner and expert of Harmonic Pattern Traders. XABCD Pattern require tool usage of Magnet tool either Strong...
Here I made a strategy out of my indicator. So, the trigger is double low/high on 1 week candle chart. Entrance: close of the next candle if it's low/high higher/lower than previous one. (in most cases it's precise for backtesting) Stop loss: long:low-one tick, short:high+one tick Take profit: ATR*Multiplier (you can tune it in properties)
This indicator aims to compare between two charts if trader isn't sure which one is more active and powerful, it does NOT show entries or help your chart analysis directly. The main features of this indicator is to show vitality and range of any given chart. Volatility: it calculates the average profit of every swing in the range and the final result will be...
BINANCE:BTCUSDT This indicator is an opensource merge of the built in 'Pivot Points High Low' and the most popular 'Swing-high-low-support-resistance' indicators. The original 'Pivot Points High Low' does not have extensions with better visibility, while the most popular 'Swing-high-low-support-resistance' has no source available. I've also added additional...
This strategy idea is a variation of the "Donchian Channel" trading strategy. It is built with a highest-high band, a lowest-low band, and a baseline which is average the highest-high and the lowest-low bands. This strategy is very useful in trending instruments on 1W and 1D timeframes. This is the implementation used in the QuantCT app. You can set the operation...
Trading is all about finding reactionary levels from where we assume prices will take a certain direction. And from that assumption, we initiate either a long (Buy) position or a short (Sell) position. Many techniques can be used to find support and resistance levels such as pivot points, Fibonacci retracements, and graphical levels. However, these techniques are...
This indicator plots the 4h, Daily, Weekly, Monthly, Quarterly, Yearly Open High, Low and Mids. You can watch how these institutional trading levels work as support and resistance. Most Important you can add alerts to these levels with a few clicks. Just add/remove unnecessary levels for scaling problems. For any error/suggestion/improvement just let me know.
Hi All !! Its always the case that we buy a stock and it starts falling !! What a new investor will do is to add few more on downfall and then few more until they stuck all their case to same falling stock. I thought to create a level which can help long term investor on when to buy and sell. Logic: I have used multiple indicators logic all into one and find...
This script is yet another variant of the famous Bollinger Bands® TA tool used to track price volatility as it deviates from the mean of a security using standard deviations (positive &negative). Built for my own personal preferences. But perhaps you might like it, too. Includes + Chart Lines: price, upper and lower bands + User Options: SMA length, stdev...
Trends & Pivots Indicator helps you to identify primary and secondary trends and potential support/resistance zones. Trend detection have three modes which are “Aggressive, Moderate and Conservative” . You can customize the mode on settings screen. Alerts are available for various conditions such as "Uptrend Shift, Downtrend Shift, Primary Uptrend...