Key Components of the Indicator: Trend Determination Using ATR and Wilder's Moving Average: The core of the indicator utilizes an Average True Range (ATR)-based method to define trailing stop levels (both upper and lower), which helps in identifying the trend direction. The stop levels adjust based on the volatility measured by the ATR, which is smoothed using...
//@version=5 indicator("Candle de Reversão da Média Móvel", shorttitle="MM Reversal Candle", overlay=true) // Parâmetros da Média Móvel ema_length = input.int(9, title="Período da EMA") // Cálculo da Média Móvel Exponencial (EMA) ema = ta.ema(close, ema_length) // Condição para identificar a reversão da média móvel ema_reversal = ta.change(ema, 1) < 0 and...
This script calculates the average of the correlations of each pair (major or minor) of a currency with the currency price. 1. The correlation of one asset to another is calculated from the average of the correlations of the variations (transformation into percentage variation rather than raw data) of the Open of the two assets, the High, the Low and the...
This indicator is a moving support and resistance indicator that follows price action. When used according to its rules, it can yield a high success rate. Based on my experience with this indicator, I have established certain rules: - To use this indicator effectively, support and resistance lines should exhibit a horizontal trajectory, and the longer the line...
The Pine Script code analyzes the MACD indicator and its histogram on TradingView. Users input parameters for MACD and histogram calculations, such as fast/slow lengths, source data, and moving average types. The script dynamically chooses between weekly and daily timeframe for histogram computation. It calculates MACD as the difference between moving averages and...
This indicator plots the "expected move" of SPX for today's trading session. Expected move is the amount that SPX is predicted to increase or decrease from its current price, based on the current level of implied volatility. The implied volatility in this indicator is computed from the current value of the VIX (or one of several volatility symbols available on...
"When you want to analyze charts in reverse correlation with this indicator, reversing the candle colors can assist you in easier analysis. For example, you can invert the USDT.D chart, which moves inversely with cryptocurrencies, using ALT+I, and with this indicator, you can also reverse the candle colors to correlate the chart effectively. Good luck with your...
This script is a custom indicator that incorporates various technical analysis features like Support & Resistance, RSI, Bollinger Bands, and custom candlestick colors. Here's how to use: This Indicator helps you to Identify trend of a Particular Script If you see Green Candle formations above the Central Bollinger Band line then you can go long into the trade...
This indicator plots the "expected move" of SPX for today's trading session. Expected move is the amount that SPX is predicted to increase or decrease from its current price, based on the current level of implied volatility. The implied volatility in this indicator is computed from the current value of the VIX (or one of several volatility symbols available on...
If a volume bar exceeds the previous 2 - it is marked with a bright colour as "growing". In this way it is easy to detect zones where volumes are increasing. Also if the volume becomes higher than MA + double standard deviation, this zone is marked in green as relatively peak volume.
Translated from ThinkScript which was shared by Elder Master Trader. Shows buying and selling volume pressure.
I have customized and simplified this indicator so beginners can understand the inputs and the results.
The supply and demand for the visible range on the chart by LuxAlgo combined with the VWAP that is included with TradingView.