This script utilizes its source from a non-repainting renko closing price. Renko charts focus solely on price movement and minimize the impacts of time and the extra noise time creates. Employing the renko close helps smooth out the Ichimoku Cloud. Insignificant price movements will not cause a change in the plotted lines of the indicator unless a new threshold...
Use this indicator on Daily Timeframe This indicator displays the seasonality data for any instrument (index/stock/ futures /currency) in a tabular data by day of the month (Day 1..31). User can change the start of the year and month for analysis from the inputs. Year is represented in rows and Day of the month (Day) is represented in cols. This indicator uses...
This indicator creates an alert for a new trading day - as well as contains a variable that counts the number of bars that has passed since the trading day opened. It posts the alert both on the chart and has an alert condition so it can be sent to you.
what is "Colorful Channel"? it is a overbought - oversold indicator. what it does? It fills the area between the upper band of the channel and the price line with green, the area between the lower band of the channel and the price line with red color and applies a transparency to these colors according to the distance of the price from the channel lines. thus...
Use this script on Daily Timeframe. This script calculates Daily Moves ( Intraday / Close basis ) and buckets them into 1% / 2% / 3% moves Also calculates MAX DD for the financial year from Peak to Trough Helps in identifying volatility of the instrument and high drawdowns due to volatility
This script is just for reference to see the trading range. Do not use this strategy logic, it is just Test strategy. The trading range is colored depending on whether it is profitable or not. You can change the color if you want. When you declare the strategy, put (process_orders_on_close=true,calc_on_every_tick=true, max_boxes_count=500) in your script. Then it...
Decsription: Auto-Cointegration-Based Pair Trading Strategy (revised version) To review, there are three popular styles of Pair trading: distance-based pair trading, correlation-based pair trading and cointegration-based pair trading. Typically, they require preliminary statistical estimation of the viability of the corresponding strategy. Basically a pair trade...
An easy way to track what big money and market makers are doing in the markets. The Big Money Flow & Drift Oscillator is best suited as a trend indicator, estimating what way the market will drift on low volume and what way it will move on large volume. This oscillator is composed of two lines, the Big Money Flow and Drift Oscillator. The Big Money Flow line...
NYSE:MA-1.6*NYSE:V Revision: 1 Author: @ozdemirtrading Revision 2 Considerations : - Simplify and clean up plotting Disclaimer: This strategy is currently working on the 5M chart. Change the length input to accommodate your needs. For the backtesting of more than 3 months, you may need to upgrade your membership. Description: The general idea of the...
MADX is ADX-inspired indicator with moving averages that determines strength of a trend, as well as its direction. Indicator works following: As the value of MADX increases, so does the strength of a trend If MADX+ ( green line - bullish MADX ) crosses above MADX- ( red line - bearish MADX ) we consider trend as bullish and vice versa.. There will be situations...
A SUPPORT RESISTANCE BREAKOUT STRATEGY for 5 minute Time-Frame , that has the time condition for Indian Markets The Timing can be changed to fit other markets, scroll down to "TIME CONDITION" to know more. The commission is also included in the strategy . The basic idea is when , 1) Price crosses above Resistance Level ,indicated by Red Line, is a Long...
Welcome traders. This is TRENDINATOR , the best indicator to trend following trading. It consists of four elements: 1 - The cloud: Formed by two moving averages that cross each other and varies from red color ( bearish trend ) to green color ( bullish trend ) depending on the short trend. They are more sensitive to price changes. 2 - The power line: A slow...
We can not buy just 0.001ETH in Binance on 2022.8.8 Why? Binance have trading role about the minimum qty of coins. Until now, we can not find the info in TradingView. I hope Our TradingView give us this updating info easily oneday. I am not a good English speaker. Sorry about my short explanation. reference: www.binance.com
Table of monthly % changes in Average Price over the last 10 years (or the 10 yrs prior to input year). Useful for gauging seasonal tendencies of an asset; backtesting monthly volatility and bullish/bearish tendency. ~~User Inputs~~ Choose measure of average: sma(close), sma(ohlc4), vwap(close), vwma(close). Show last 10yrs, with 10yr average % change, or to just...
The script displays RSI of each S&P SPDR Sector ETF XLB - Materials XLC - Communications XLE - Energy XLF - Financials XLI - Industrials XLK - Technology XLP - Consumer Staples XLRE - Real Estate XLU - Utilities XLV - Healthcare XLY - Consumer Discretionary It is meant to identify changes in sector rotation, compare oversold/overbought signals of...
This strategy is oriented towards shorting during downside moves, whilst ensuring the asset is trading in a higher timeframe downtrend, and exiting after further downside. This script can work well on coins you are planning to hodl for long-term and works especially well whilst using an automated bot that can execute your trades for you. It allows you to hedge...
In a year, there are 248/ 252 trading days . Half of this is 124. Even 125/ 126 can be taken. For Ex: We get SRT value by dividing the Nifty Spot with 124 SMA value applied on Nifty in a Day Chart. This value Travels between 0.6 ( Bottom) to 1.38/1.4/1.45/1.5 ( Top). Ideal Entry in stock will be at 0.6, which is very rare. You tend to buy at...
█ OVERVIEW Double Tap is a pattern recognition script aimed at detecting Double Tops and Double Bottoms. Double Tap can be applied to the broker emulator to observe historical results, run as a trading bot for live trade alerts in real time with entry signals, take profit, and stop orders, or to simply detect patterns. █ CONCEPTS How Is A Pattern...