The Intraday Volatility Bands aims to provide a better alternative to ATR in the calculation of targets or reversal points. How are they different from ATR based bands? While ATR and other measures of volatility base their calculations on the previous bars on the chart (for example bars 1954 to 1968). The volatility used in these bands measure expected...
This is an open source version of the original I posted a couple of years ago.... Multitple TimeFrame Swingarm system borrowing from the Blackflag FTS indicator. This throws up 5 resolutions of ATR thresholds, only showing the current bar level using a horizontal line across the full chart. I don't like the historical information charted, just need to know the...
This is a simple but effective indicator based on simple volume. What does this indicator for you: Zones are drawn on the basis of volume peaks. It is used for this purpose the closing price to the high or to the low depending on the direction of the candle. How can this be used: With volume peaks one assumes that a movement has reached your end for the time...
What Is Z-Score? Z-score is a statistical measurement that describes a value's relationship to the mean of a group of values. Z-score is measured in terms of standard deviations from the mean. If a Z-score is 0, it indicates that the data point's score is identical to the mean score. A Z-score of 1.0 would indicate a value that is one standard deviation from the...
Library "ZigLib" Calculate the points for ZigZag++. You can use custom data and resolution for your ZigZag++. Sample Usage import DevLucem/ZigLib/1 as ZigZag = ZigZag.zigzag(low, high) bgcolor(direction<0? color.rgb(255, 82, 82, 80): color.rgb(0, 230, 119, 80)) line zz = line.new(z1.time, z1.price, z2.time, z2.price, xloc.bar_time, width=3) if...
This is a strategy intended primarily for algorithmic traders. It's a pseudo-grid bot that uses a dynamic, volume-weighted grid that only updates when the RSI meets certain conditions. It's also a breakout strategy, whereas normal grid bots are not (typical grid bots sell when a higher grid is reached, whereas this strategy sells when a lower grid is breached...
█ CONCEPTS In modern day strategy optimization there are few options when it comes to optimizing a risk reward ratio. Users frequently need to experiment and go through countless permutations in order to tweak, adjust and find optimal in their data. Therefore we have created the Risk Reward Optimizer. The Risk Reward Optimizer is a technical tool designed to...
Trend lines have always been a key indicator that may help predict many different types of price movements. They have been well known to create different types of formations such as: Pennants, Channels, Flags and Wedges. The type of formation they create is based on how the formation was created and the angle it was created. For instance, if there was a strong...
This indicator was created for the AMPD program. We teach kids how to trade. The black car represents when the Stochastic RSI is under 5. The yellow car represents when the Stochastic RSI is in between 5 and 95. The red car represents when the Stochastic RSI is above 95. A sell signal is produced when the Stochastic RSI hit 100. A buy signal is produced when the...
This is a tool that is widely used Especially for Overbought and Oversold systems, but I have made some changes in this indicator, How to use it... I have set it as the default setting - RSI Length: 6 (<10 for scalping - 5m-15m) - Overbought: 70 - Oversold: 30 What is unique about this tool? we can see 3 conditions: 1) RSI Overbought / Oversold with Bullish...
The "RVI_HTF" indicator is a tool designed to assist traders in analyzing market trends using the Relative Vigor Index (RVI) across different timeframes. It enables users to customize various aspects of the indicator's appearance and behavior. By monitoring the RVI on different timeframes, tracking its relationship with the moving average, and paying attention to...
t.me Supertrend with RSI OB/OS Arrows Credit: KingForex2022 (ClearTradingMind) Overview: This indicator combines the power of Supertrend and RSI to help traders identify potential trend reversals and overbought/oversold conditions in the market. The Supertrend component highlights the prevailing trend direction, while RSI (Relative Strength...
This Pine Script code is designed to create a custom technical indicator called "Worm" that helps identify trends in the market based on momentum. Let's break down the code and its settings: Indicator Title and Overlay: The indicator is named "Worm (Clean)" and is set to be overlaid on the price chart. Input Settings: The code defines various input settings,...
The Volume Spike Analysis is designed to detect volume spikes in a trading instrument's data. Rather than relying on the traditional method of comparing volume to its moving average, this indicator employs a distinctive approach to ensure accuracy. Methodology Historical Volume Comparison: The indicator first assesses the current bar's volume, say 100k,...
CCI-RSI Combo indicator is a combination indicator that includes CCI and RSI. It uses some parameters to calculate the values of CCI and RSI, and generates corresponding charts based on these values. On the chart, when CCI exceeds 100 or falls below -100, yellow or magenta filling areas are displayed. Additionally, gradient colors are used on the RSI chart to...
Description: MADALGO's Enhanced OBV Divergences indicator is a unique tool designed for traders to visualize the divergences between price action and On Balance Volume (OBV), a fundamental aspect often indicative of underlying strength or weakness in the market. By keenly identifying these divergences, traders are better positioned to anticipate potential trend...
This indicator "TrendLine Cross", is designed to plot trend lines so you can spot potential trend reversal points on the charts. The main function is to draw several lines on the chart and identify the crossings between these lines, which can be significant indicators for trading. The lines are based on different periods which can be changed in the settings...
OVERVIEW This script allows you to perform data transformations on Market Internals, across exchanges, and specify signal parameters, to more easily identify sentiment extremes. Notable transformations include: 1. Cumulative session values 2. Directional bull-bear Ratios and Percent Differences 3. Data Normalization 4. Noise Reduction This kind of data...