The Detrended Price Rate of Change is an oscillator developed to help traders identify potential conditions of overbought and oversold markets. The formula of the oscillator includes both the Detrended price formula, useful to spot divergences, and the Rate of change simplified formula, which helps in identifying overextended markets and gives useful information...
The Double Simple moving average is an indicator developed to help traders identify dynamic levels of support and resistance as well as determine current trend direction. This indicator shows both an SMA calculated on highs and one calculated on lows. In addition to that, it plots the deviation bands based on the space between the two main lines. The gradient...
A trader once told me that top wicks equals sell interest and bottom wicks equals buy interest. If that's true then this indicator tries to organize and visualize this idea. It uses transparent boxes to give the impression of a heat map. Due to limitations of my own skill and possibly pinescript it is not possible to render it in a useful manner using different...
This indicator combines Fibonacci levels with percentage-based displacement, creating a versatile tool for analyzing moving averages in relation to market trends and potential reversal points. It's designed to adapt to different market conditions and asset types, making it a valuable addition to a trader's toolkit. Key Features: Fibonacci-Infused Averages:...
The "Custom Price Levels and Averages" indicator is a versatile tool designed for TradingView. It dynamically calculates and displays key price levels based on user-defined parameters such as distance percentages and position size. The indicator plots three ascending and descending price levels (A, B, C, X, Y, Z) around the last candle close on a specified...
" The 'Donchian Channel Percentage ' (DC%) indicator, developed for TradingView’s Pine Script Version 5, is a unique tool designed to measure the current price’s position within the Donchian Channel. The Donchian Channel, a popular indicator in technical analysis, is defined by the highest high and the lowest low over a user-specified period. Key Features : ...
The " Keltner Channel Percentage " (KC%) indicator, designed for TradingView's version 5 language, offers a unique perspective on market volatility and trend analysis, similar yet distinct from the well-known Bollinger Bands Percentage (BB%). Audience and Applications: This indicator is suited for traders who prefer a volatility-based approach but seek a...
The "Order Blocks W/ Realtime Fibs" indicator is a comprehensive tool combining the concepts of order blocks with Fibonacci retracement. The combination can be a powerful tool for identifying entry and exit points, and potential target areas. Order blocks indicate where major players have likely placed their orders, while Fibonacci levels provide a mathematical...
The "MacroTrend Vision" indicator is crafted with a singular goal – to provide traders with a quick and insightful snapshot of a country's global index. Seamlessly combining macroeconomic and technical perspectives, this tool is designed for those seeking a straightforward yet comprehensive overview. Let's explore the key features that make the "MacroTrend Vision"...
This script is designed as a visual aid for options trading specifically for option buying, providing information about potential entry points, Option levels, and trade outcomes. Here's a summary of the key elements: 1. Pivot Point and True Range:* - The script calculates the current candle's pivot point, representing an average of high, low, and close prices...
The Breakout Detector (Previous MTF High Low Levels) indicator highlights breakouts of previous high/low levels from a higher timeframe. The indicator is able to: display take-profit/stop-loss levels based on a user selected Win/Loss ratio, detect false breakouts, and display a dashboard with various useful statistics. Do note that previous high/low levels are...
Market Levels provide a robust view of daily pivot points of markets such as high/low/close with both past and live values shown at the same time using the recently updated system of polylines of pinescript. The main need for this script arose from not being able to use plots for daily points because plots are inherently once drawn can't be erased and because...
📈 Harmonic Trend Fusion - Your Personal Trading Assistant This versatile tool combines multiple indicators to provide a holistic view of market trends and potential signals. 🚀 Key Features: Multi-Indicator Synergy: Benefit from the combined insights of Aroon, DMI, MACD, Parabolic SAR, RSI, Supertrend, and SMI Ergodic Oscillator, all in one powerful...
The "Day High-Low Difference" candle tool is an indicator that calculates and visually represents the difference between the highest price (day high) and the lowest price (day low) within each candle on a given chart. This tool is useful for traders and analysts to quickly assess the volatility or range of price movement within individual candles.
This indicator is designed to highlight the night session, from 20:00 to 07:00 in the morning . The purpose is to study the congestion ranges. This is a useful condition to anticipate the volatility break out that occurs in the morning, driven by the European markets. Below is the logic I have applied: First of all, I defined a directive to activate the...
Bitcoin dominance as provided by Trading View's BTC.D ticker fails to account for the fact that crypto is an isolated market and should not include stablecoins in their calculations. Godspeed anon.
This script tries to detect a market maker pattern. A market maker pattern is usually made up of a high volume push down followed by a w pattern. The script finds a market maker low with unusual volume and then looks for a push high (also with high volume) and usually through the ema 50. The first push is normally a test but can be a good place to go long. There...
In the chart photo is a quick description of each part of the indicator is. The Micro Dots were hours of testing different combinations of indicators and settings to find what looked and worked best. This is what I came up with, use it as a rough draft as it could probably be added to or changed around. One simple way to use the indicator is if price is above VMA...