Original Components and Functions: Nadaraya-Watson Envelope: Purpose: To smooth the price data and create dynamic support and resistance bands around the smoothed price (envelope). Calculation: The script used a Gaussian kernel to weigh recent prices and compute a smoothed price series. It then calculated upper and lower bands based on a multiple of the Mean...
This is a hybrid script of MACD and ATR. The principle behind it is quite simple: making the trend line of ATR transparent and adding it to MACD, then displaying the current value of ATR in the label (in black). This allows for better utilization of screen space.
RSI Trendline Purpose: This section calculates and displays the Relative Strength Index (RSI) on the chart, a momentum oscillator that measures the speed and change of price movements. Parameters: src: Source data for RSI calculation (typically closing price). len: Length parameter for RSI calculation, affecting the sensitivity of the indicator. inner: Options to...
Description: The Average Range Delta Signal indicator is designed to identify significant price movements in the market. It compares the current candle's range (open-close) with the average true range of the previous candles to detect substantial deviations. This indicator is particularly useful for traders looking to capture strong price movements that exceed the...
The Trend Following Parabolic Buy-Sell Strategy leverages the Parabolic SAR in combination with moving average crossovers to deliver buy and sell signals within a trend-following framework. This strategy synthesizes proven methodologies sourced from various trading tutorials available on platforms such as YouTube and blogs, enabling traders to conduct robust...
The Advanced RSI Duration (ARSI) is a unique tool crafted to deepen your market insights by focusing on the duration the Relative Strength Index (RSI) spends above or below key thresholds. This innovative approach is designed to help traders anticipate potential market reversals by observing sustained overbought and oversold conditions. Core Feature ...
█ OVERVIEW This strategy script demonstrates the application of the Real Estate Investment Trust (REIT) ETF trading system presented in the article by Markos Katsanos titled "Is The Price REIT?" from TASC's June 2024 edition of Traders' Tips . █ CONCEPTS REIT stocks and ETFs offer a simplified, diversified approach to real estate investment. They exhibit...
This version of the Noise Area Pine Script, developed with the assistance of ChatGPT, includes adjustments for opening gaps to better account for overnight price changes that affect the market open. This Pine Script is designed to provide traders with a dynamic visualization of the Noise Area based on the volatility of the last 14 trading days. It calculates the...
The Wilder’s channel is a typical channel indicator made of 2 Wilder’s average from the high and low price over a “p” period, factorized by the Average True Range value over “atx” period. Indicator from Kevin Britain library. "Wilder's Channel," which is plotted on the chart overlay to assist traders in visualizing potential support and resistance levels. This...
Volatility ATR Support and Resistance Bands The “Volatility ATR Support and Resistance Bands” is a trend visualization tool that uses Average True Range (ATR) to create a dynamic channel around price action, adapting to changes in volatility and offering clear trend indicators. The band direction can indicate trend and the lines can indicate support and...
🌟 Introducing the Institutional Activity Index by AlgoAlpha 🌟 Welcome to a powerful new indicator designed to gauge institutional trading activity! This cutting-edge tool combines volume analysis with price movement to derive a unique index that shines a spotlight on potential institutional moves in the market. 🎯📈 Key Features: 🔍 Normalization Period :...
"Johnny's Adjusted BB Buy/Sell Signal" leverages Bollinger Bands and moving averages to provide dynamic buy and sell signals based on market conditions. This indicator is particularly useful for traders looking to identify strategic entry and exit points based on volatility and trend analysis. How It Works Bollinger Bands Setup: The indicator calculates...
This Pine Script, titled "Daily ATR & Movement %," is designed for traders looking to gauge volatility and price movements relative to that volatility directly on their trading chart. The script calculates and displays the Average True Range (ATR) over a 14-day period using daily data, alongside the percentage movement of the current price from the previous day's...
In trading, a consolidation range is like a timeout after a big move in the price of a stock or symbol. It's when the market takes a breather, neither pushing the price up nor down too hard. Visually, it looks like the price moving sideways on a chart , with highs and lows staying within a certain range. so this indicator is created to help myself and you...
The "Enhanced Predictive Model" is a sophisticated TradingView indicator designed for traders looking for advanced predictive insights into market trends. This model leverages smoothed price data through an Exponential Moving Average (EMA) to ensure a more stable trend analysis and mitigate the effects of price volatility. **Features of the Enhanced Predictive...
This indicator calculates the speed of trades, on other platform that is called speed of tape, but they said you need delta and others for the calculation. Calculation method This indicator calculates the number of trades per bar and filter it, if they are above a sma it highlights the column to know that could be a bar where there are more trades than usual. It's...
The ATR Oscillator with Dots utilizes the Average True Range (ATR), a traditional measure that captures the extent of an asset's price movements within a given timeframe. Rather than depicting these values in a continuous line, the ATR Oscillator represents them as discrete dots, colored according to the price movement direction: green for upward movements when...
The "Multi-Timeframe Trend Table" indicator is a tool that consolidates a variety of critical trading metrics into a single, easy-to-read table format. This indicator is especially useful for traders who need to analyze multiple timeframes and indicators simultaneously to make informed trading decisions. By displaying a broad spectrum of data including trend...