PRECISION
Divergence for Divergence reading into the RSI momentum
Momentum signals from momentum calculations
resistance and supports levels
range trading levels
Renko calculations
ATR calculations for volatility reversal
How to use and read :
di·ver·gence. Use divergence in a sentence. noun. Divergence is defined as separating, changing into something different, or having a difference of opinion. An example of divergence is when a couple split up and move away from one another
Momentum is a physics term; it refers to the quantity of motion that an object has. A sports team that is on the move has the momentum. If an object is in motion (on the move) then it has momentum. Momentum can be defined as "mass in motion." ... Momentum depends upon the variables mass and velocity.
Velocity is defined as a vector measurement of the rate and direction of motion. ... The scalar (absolute value) magnitude of the velocity vector is the speed of the motion. In calculus terms, velocity is the first derivative of position with respect to time
n statistics, a moving average (rolling average or running average) is a calculation to analyze data points by creating a series of averages of different subsets of the full data set. It is also called a moving mean (MM) or rolling mean and is a type of finite impulse response filter.
volume Oscillator divergences occur when there is an increase or decrease in price which is accompanied by a decrease in volume . When this divergence occurs, the fast volume moving average (default 14-period) is below the slow volume moving average (default 28-period) and the Volume Oscillator is below the zero line.
The crossover is a point on the trading chart in which a security and an indicator intersect. It is used to estimate the performance of a financial instrument and to predict coming changes.
A trading range occurs when a security trades between consistent high and low prices for a period of time. The top of a security's trading range often provides price resistance, while the bottom of the trading range typically offers price support
ATR is a measure of volatility , and therefore it fluctuates over time. Renko charts based on ATR will use the fluctuating ATR value as the box size. Renko charts show a time axis, but the time intervals are not fixed. One brick to could take months to form, while several bricks may form within a day.
The average true range (ATR) is a technical analysis indicator that measures market volatility by decomposing the entire range of an asset price for that period. Specifically, ATR is a measure of volatility introduced by market technician J. Welles Wilder Jr. in his book, "New Concepts in Technical Trading Systems.
The failure swing pattern is a type of reversal pattern that can be used as buy or sell signals. In an uptrend, we see a series of successive higher highs and higher lows but there comes a point when the price fails to make a new high. In a downtrend, prices fail to make a new low.
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Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Shenl0ng directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.