Another indicator for you guys!!! This indicator consists of the 5 key Fibonacci retracement levels, plotted automatically to user input settings. I also have included an auto support/resistance trend line generator. What is a Fibonacci retracement? 'Fibonacci retracement is a method of technical analysis for determining support and resistance levels. It is...
This is a concept that I have been playing with to make a manual trend line that has more then just two connecting dots but that has sequential data connected on every bar between the beginning an the end point that can then be used to determine a break of trend or a bounce. This is added in a few simple steps 1) add the indicator to your chart 2) set the x_1...
This script draws trendlines from the pivot points in the price chart. // // The input for the function that draws the trendlines is any calculation or function // (here this is pivot points, but the core of the script can be used in other implementations too), // that most of the time and occasionally produces a 'non n/a' value. // The trendline function then...
Hello Everyone. This is my first script on TV, hope you find it useful. How it works? - On each bar it finds last x (depending on your settings) higher and lower Pivot Points ( PP ). - It searches for possible trend line from oldest PP to newest, once found it stops and draws the line. - The higher the time frame the lower the number of PP needed. Play...
Current script displays trend channel, which makes it easy to see reversal signals Note: - If price goes above the channel it might be an early sell signal - If price falls from channel it might be a sell signal, better to enter position on retest Plan for future development: - Alerts - Trend angle
Hello Traders - Today I am releasing a full-featured auto-trendline indicator. This makes it easier for beginners and professionals alike to analyze a charts trending support and resistance. What are Trendlines and why do we use them? In short, a trendline is a diagonal line that connects to two or more price points on a chart to show the current direction of...
Built with love "Smarter SNR (Support and Ressistance, Trendline, MTF OSC) " This indiator will show you Support & Ressistance, Good Trendline, and Multi-timeframe analyzing of Oscillator (Stochastic and RSI) You can combine with your own strategy, or use this purely DISCLAIMER : Measure the risk first before use it in real market Backtest The Strategy was very...
Dear Traders, Here is the thought which came to my mind on the trendline break scalping. sometimes during the trade we do plot trendlines and we do anticipate for the line to break and take a trade. with the same thing in mind I had created this basic script to help you and other to create based on the logic used in the script. This is just a logic based script...
Hello All, For long time I have been getting many requests about Gann Fan indicator. now we have linefill() function in Pine Language and I think it's right time to make Gann Fan Indicator. Many Thanks to Pine Team for adding many new features to the Pine Language! How this indicator works: - It calculates midline (1/1) - By using midline it calculates...
Hello All, Using this "Support Resistance Interactive" script you can set the Support/Resistance levels interactively by clicking on the chart. Using the SR levels you set, the indicator creates Support Resistance zones. The width of the zones are calculated by using Threshold option and Threshold is the percent of the distance between Highest/Lowest levels in...
Hello Traders! The trend line is among the most important tools used by technical analysts. Instead of looking at past business performance or other fundamentals, technical analysts look for trends in price action. A trend line helps technical analysts determine the current direction in market prices. Technical analysts believe the trend is your friend, and...
Hello All, This script shows the indicators in separate windows on the main chart. Included indicators are RSI, CCI, OBV, Stochastic, Money Flow Index, Average True Range and Chande Momentum Oscillator. indicator windows are located at the top or bottom of the chart according to last moves of the Closing price. Different colors are used for each indicator....
Hello All, In Elliott Wave Theory, 3rd wave is not the shortest one in the waves 1/3/5 and it's usually longest one. so if we can catch it then we may get good opportunities to trade. This script finds 3rd wave experimentally. it can be also the 3rd waves in the waves 1, 3, 5, A and C. the 3rd wave should have greater volume than other waves, the script can...
Hello All, Today I am here with a new idea and script, " LTB Zigzag Circles ". The idea is to create Circles using last 2 zigzag waves and to catch the breakouts earlier than horizontal lines. if a circle is broken then the script shows entry for Long/Short positions. and if broken circle reappears again then the position is closed. You can change Zigzag period...
Hello Traders, This is "Point and Figure Chart (PnF)" script that run in separated window in real time. The separated PnF chart window is timeless, so no relation with the time on the chart. PnF chart consist of "X" and "O" columns. While "X" columns represents rising prices, "O" column represents a falling price. If you have no idea about what PnF charting is...
Hello Traders, Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time! How it works? - On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators. - it search divergence...
Hello Traders, There are several nice Linear Regression Channel scripts in the Public Library. and I tried to make one with some extra features too. This one can check if the Price breaks the channel and it shows where is was broken. Also it checks the momentum of the channel and shows it's increasing/decreasing/equal in a label, shape of the label also...
Hello Traders, Recently we got new features in Pine such Arrays of Lines, Labels and Strings. Thanks to the Pine Team! ( here ) So I decided to make new style of Multi Time Frame indicator and I used Array of Lines in this script. here it is, RSI Multi Time Frame script. it shows RSI for current time frame as it is and also it gets RSI for the Higher Time...