Description: This strategy uses only two simple moving averages, specifically the 50 SMA and the 100 SMA. Simple moving average : A simple moving average (SMA) calculates the average of a selected range of prices, usually closing prices, by the number of periods in that range. Here's how it works: Background color: The chart background is colored green...
Note: To use this code, you must choose Hollow candle This code color the candle based the relationship current volume to previous volume, according these features: 1- White candle when the current volume greater than the previous one, and all of them greater than moving average for 20 periods of volume 2- Green candle color when the current volume greater than...
Shows two consecutive weekly Bitcoin drops of X% both indicating capitulation which may be relevant to crypto markets, risk-on/risk-off and possibly tech markets. Suggested usage: set the drop % and apply to weekly charts. Can be used on any chart, not just Bitcoin, but calculates indicator specifically for Bitcoin pricing. Can be used for entertainment or...
**Triple EMA By Ozy** The "Triple EMA By Ozy" is a visual indicator that offers traders a clear and concise view of three exponential moving averages (EMAs) at a glance. This tool combines three common EMAs (20, 50, and 200) and additionally calculates and displays the slope angle of each EMA, allowing for a more precise identification of the current trend's...
Useful on pine scripts which need to identify the start of the previous trading day i.e. from the perspective of today's date - not the previous day on each bar calculation. Works on any timeframe - which is the whole point as on a daily chart you can simply do time .
In the chart photo is a description for each shape and letter, saying what each one is. BB, Reversals are off by default. BB + Reversals + Next bar confirmation - The way this should be used is by waiting for a 1 or 2 bar confirmation closed above/below the high/low of the Reversal candle. So if its a Top R, a yellow box will print as a confirmed 1 bar if it...
This indicator is designed to visually represent different market phases based on Bollinger Bands (BB) and provide insights into potential bullish and bearish signals. Let's break down what the indicator does: The indicator smoothly transitions from the "squeeze" phase to "bullish" or "bearish" phases based on specific price conditions. Here's a more detailed...
3 boxes, with their recent high/low and their respective open/close, and the 50% line of the high/low. All adjustable for preferred timeframes, colour and thickness. My personal preference is previous week 00:00 to 00:00, yesterday 00:00 to 00:00, and the day before 00:00 to 00:00 (NY timezone). Another could be the London, NY, and Asian sessions (which you have...
Hello All! First of all many Thanks to Tradingview and Pine Team for developing Pine Language all the time! Now we have a new feature and it's called Polylines and I developed RSI Radar Multi Time Frame . This script is an example and experimental work, you can use it as you wish. The scripts gets RSI values from 6 different time frames, it doesn't matter...
This script plots support and resistance levels for /ES on your chart. This script only works on the /ES symbol in Tradingview due to the string manipulation of the levels. You can input support and resistance levels in the inputs. The example format of S/R levels should be in the following form (comma-separated) If the level is a single point, it will draw a...
The Leading Economic Indicator (LEI) is a groundbreaking technical indicator designed to serve as a comprehensive measure of the prevailing direction of economic trends in the United States. This unique index combines two key economic indicators: the Composite Leading Indicator (CLI) from the Organization for Economic Co-operation and Development (OECD) and the...
Hello traders, Navigating through the financial markets requires a blend of analysis, insight, and a touch of foresight. My Linear Regression Forecast Tool is here to add that touch of foresight to your analysis toolkit on TradingView! Linear Regression is the heart of this tool, a statistical method that explores the relationship between a dependent variable...
The "MA Sabres" indicator highlights potential trend reversals based on a moving average direction. Detected reversals are accompanied by an extrapolated "Sabre" looking shape that can be used as support/resistance and as a source of breakouts. 🔶 USAGE If a selected moving average (MA) continues in the same direction for a certain time, a change in that...
Hello! Thank you @Pinecoders and @TradingView for putting polylines in production and making this viable!! This script "Zig Zag Volume Profile" implements the polyline feature for Pine Script! Features Volume Profile anchored to zig zag trends Bull vs Bear profiles! Delta x price level Standard POC and value area lines, in addition to separated...
The base of "Volume Profile with a few polylines" is another script of mine, Volume Profile (Maps) . The structure of maps is used to gather the data. However, the drawings is done with polylines. This enables coders to draw an entire volume profile with just a few polylines, while the range is broader. This results in the benefit to draw more "lines" than...
Flat Combo Detector (FCD) Introduction: The Flat Combo Detector is a unique tool crafted to aid traders in identifying potential trend reversals. Unlike standard indicators that primarily focus on moving averages or oscillators, the FCD bases its signals on specific candlestick patterns that manifest at crucial trend pivot points. I use it mostly on ...
Introducing 'Watchlist Heatmap Plus,' an advanced indicator designed to supercharge your trading experience. With this tool, you can easily track up to 40 symbols in your watchlist and gain valuable insights into their performance. Here's what it does: 1. Data Visualization: Watchlist Heatmap Plus displays essential data for each symbol, including open, high,...
The RSI Heatmap Screener is a versatile trading indicator designed to provide traders and investors with a deep understanding of their selected assets' market dynamics. It offers several key features to facilitate informed decision-making: █ Custom Asset Selection: The user can choose up to 30 assets that you want to analyze, allowing for a tailored...