The Liquidity Price Depth Chart is a unique indicator inspired by the visual representation of order book depth charts, highlighting sorted prices from bullish and bearish candles located on the chart's visible range, as well as their degree of liquidity. Note that changing the chart's visible range will recalculate the indicator. 🔶 USAGE The indicator can be...
Bollinger Bands Strategy : INTRODUCTION : This strategy is based on the famous Bollinger Bands. These are constructed using a standard moving average (SMA) and the standard deviation of past prices. The theory goes that 90% of the time, the price is contained between these two bands. If it were to break out, this would mean either a reversal or a...
Rate of Change Strategy : INTRODUCTION : This strategy is based on the Rate of Change indicator. It compares the current price with that of a user-defined period of time ago. This makes it easy to spot trends and even speculative bubbles. The strategy is long term and very risky, which is why we've added a Stop Loss. There's also a money management method...
This custom script, titled " MACD Pulse Check ," is a modified and enhanced version of the traditional Moving Average Convergence Divergence (MACD) indicator, commonly used in trading for trend-following and momentum strategies. Here's a breakdown of its features and benefits over the traditional MACD: Multiple MACD Lines with Different Parameters: The script...
---- EN ---- OBJECTIVE: The aim of this indicator is to simulate the average acquisition price during a DCA from any date, any asset, any amount. Useful for realizing that short-term volatility is not a problem when taking a long-term view, as only the fundamentals of the asset matter. USAGE: The indicator does not seek to reproduce tools to give you the size...
Library "Touched" Breakout(zone, lookback) Tells if the zone has been broken on the current bar. Parameters: zone (Zone) : The definitiin of the zone. lookback (int) : How many bars to look back. Returns: a Touch object that tells if the zone has been broken up or down. FalseBreakout(zone, lookback) Tells if the zone has a false breakout...
The "BUY/SELL RSI FLUX v1.0" indicator is designed to provide buy and sell signals based on the RSI (Relative Strength Index) and price action in relation to support and resistance levels. It overlays directly on the price chart and includes the following components: - Support and Resistance Levels: Determined over a specified number of bars (lengthSR), these...
The ATRMonitor is a cutting-edge technical indicator designed for traders seeking to harness the combined power of Average True Range (ATR) and Relative Strength Index (RSI) in one intuitive histogram. This innovative tool plots a histogram based on the RSI (6 periods), but with a unique twist: the color of each bar is determined by the relationship between the...
Description: The Pivot Point indicator is designed to identify potential entry and exit points based on pivot points and manually tracks the average entry price and position size without executing actual trades, allowing for a visual simulation of pyramiding strategies. Inputs for Customization: i_leverage: User-defined leverage for trades. i_takeProfit:...
Absolute momentum , also known as time series momentum , focuses on the trend of an asset's own past performance to predict its future performance. It involves analyzing an asset's own historical performance, rather than comparing it to other assets. The strategy determines whether an asset's price is exhibiting an upward (positive momentum) or downward...
INFO: This indicator can be used to build-up a strategy for trading of assets which are currently in trending phase. My preference is to use it on slowly moving assets like GOLD and on higher timeframes, but practice may show that we find more usefull cases. This script uses two indicators - MACD and RSI, as the timeframe that those are extracted for is...
RSI & MA Strategy : INTRODUCTION : This strategy is based on two well-known indicators that work best together: the Relative Strength Index (RSI) and the Moving Average (MA). We're going to use the RSI as a trend-follower indicator, rather than a reversal indicator as most are used to. To the signals sent by the RSI, we'll add a condition on the chart's MA,...
Narrow Range Strategy : INTRODUCTION : This strategy is based on the Narrow Range Day concept, implying that low volatility will generate higher volatility in the days ahead. The strategy sends us buy and sell signals with well-defined profit targets. It's a medium/long-term strategy. There's also a money management method that allows us to reinvest part of...
Monthly profit displays profits in a grid and allows you to know the gain related to the investment during each month. The profit could be computed in terms of gain/trade_cost or as percentage of equity update. Settings: - Profit: Monthly profit percentage or percentage of equity - Table position This strategy is intended only as a container for the code and...
Explanatory Note: VWAP Multi-Timeframe Script (Dedicated to Intraday Trading) Description: This Pine script has been specifically designed for intraday traders to display the VWAP (Volume Weighted Average Price) from four different timeframes (15 minutes, 1 hour, 4 hours, and daily) on a single TradingView chart. The VWAP is calculated by considering the...
The Volume Forecast indicator on TradingView is a comprehensive tool designed to analyze historical price action and project future market movements based on the average sizes of candles. Incorporating various data points such as candle high/low, open/close, and real volumes, Volume Forecast provides traders with a holistic view of market dynamics, allowing for...
The indicator is designed to signal the presence of a trend bar with reduced profit-taking the following day. Below, I explain the logic that I have defined for this first version. The guidelines I provided are as follows: We identify a trend bar, if it sets a market change, between opening and closing, equal to or greater than 50 pips . This first guideline is...
MRS - Mean Reversion Strategy (Countertrend) (Envelope strategy) This script does not claim to be unique and does not mislead anyone. Even the unattractive backtest result is attached. The source code is open. The idea has been described many times in various sources. But at the same time, their collection in one place provides unique opportunities. Published...