🌊 Donchian Channels with Middle Line, Limits and Shadows | by Octopu$ Donchian Channels are three lines generated by Moving Average calculations. These lines formed by upper and lower bands around a midrange or median band. The Upper Band marks the Highest price of a security over X periods of time. While the Lower Band marks the Lowest price over the same...
Discretionary traders often use support and resistance zones that are based on past price action of the instrument traded. This simple script is used to plot support and resistance zones for a given instrument. The data for the zones themselves has to be determined by the past price action of the instrument and are not based on the provided data by...
📈 ORBox | by Octopu$ ORBox is a Box for the Opening Range Breakout The Box is added automatically according to the User preferences through GUI This Indicator includes a Dropdown selection for which Range for the Breakout you want to use ORBox has built-in Alerts for when the Breakout happens according to your preferences Works in any Timeframe with any...
Hello All, For long time I have been getting a lot of requests for Support/Resistance Multi Time Frame script. Here ' Support Resistance Channels/Zones Multi Time Frame ' is in your service. This script works if the Higher Time Frame you set is higher than the chart time frame. so the time frame in the options should be higher than the chart time frame. The...
█ This Indicator is based on Pivot Points. It aggregates closed Pivot Points to determine a " Pivot Average " line. Pivot Points here refer to highs and lows. █ Usages: Pivot Average can be used as resistance or breakout area. It is also very usefull to find battle zones. It can also be used as a trend indicator: when the price is below, trend is down, when price...
What? Price Action in Action is an indicator to help Price Action learners and practitioners to get everything related for Price Action in one place. Price Action is: Price + Volume = Action In this indicator, we have the following features available: Support/Resistance Using the RSI with different periods in a multiple of 7 (7, 14, 21, 28), we...
This indicator draws support line and resistance lines in the price chart. How ? For drawing the support/resistance line we need to first determine the demand and supply. We are using too-familiar indicator RSI to determine when the script is oversold and overbought. Now oversold (in RSI) is not a point, it’s a zone. The RSI indicator comes below 30, stays...
TAS PRICE COMPRESSION LEVELS (PCLs) includes 2 distinct indicators that use volume at price analysis, volume aggregation and multi-timeframe confluence to calculate and display significant levels of commercial interest above and below the market. These levels reveal reliable trading levels which can be leveraged for enhanced trade entries, trailing stops and...
Hi, here is a script I wrote based on Pivot points. It detects HH, HL, LL, LH the yellow resistances/supports are from a higher timeframe the fuchsia ones are supports for the current timeframe, it resets when the past Low is too old or it detects a new one the blue ones are resistances for the current timeframe, it resets when the past High is too old or it...
█ This Indicator is based on Pivot detection to show bands and channels. The pivot price is similar to a resistance or support level. If the pivot level is breached, the price should continue in that direction. Or the price could reverse at or near this level. █ Usages: Use channels as a support & resistance zone. Use bands as a support & resistance zone....
V1 -Introducing the new Market Glory indicator! In this indicator you will find: - Dynamic Trends: a beta feature that takes into account both the maximum high and lowest low values anywhere between 5 to 200 bars back to determine the respective resistance and support levels at all times, with a trailing guidance middle bar that can serve as a meter for direction...
Technical indicators are not limited. Hence, here is another indicator with the combination of OBV, RSI, and MACD along with support, and resistance that follows the price while honoring the moving average of 200, 90 & 50. The default lookback period of this indicator is 21 though it is changeable as per the user's desire. The highest high and lowest low for the...
This script uses the standard pivot-high/pivot-low built-in methods to identify pivot points on the chart as a base calculation for the zones. Rather than displaying basic lines, it displays a zone from the original pivot point to the closest part of the available body on the same candle. The script comes in handy by utilizing Pinescripts available input.source()...
This script displays a histogram from the mean and standard deviation of the visible price values on the chart. Bin counting is done relative to high/low prices instead of counting the price values within each bin, returning a smoother histogram as a result. Settings Bins Per Side: Number of bins computed above and below the price mean Deviation...
Hello Traders, I would like to introduce you Structured zigzag support&resistance. It is based on the ZigZag semafor script made by DevLucem so shout out to him The indicator is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones I's the same zigzag indicator as my other zigzag indicator with...
Hi Friends, Here the trading made easy with Signals... The main purpose of this indicator is to identify the Support and Resistance levels well in advance to make ourselves ready for the Entries with confidence.. With this indicator we will be able to identify the Market Structure and Trend to initiate our trades. Multi Timeframe Concepts are considered in...
This indicator will automatically plot support and resistance levels and will also allow you to overlay multi time frame support and resistance on any time frame that you are currently conducting analysis on. In addition you can also set alerts when a support and resistance level is tested, fine tune how many levels you would like to view on your charts, option to...
This indicator tracks large marker maker orders and draws support & resistance levels based on where those orders came in. It allows you to track what the market makers are doing and place your trades in line with them. Look for the lines to suck up to the price and that will show you where large orders are coming in which is where reversals will happen or trend...