This indicator shows the vertical and horizontal opening lines for the hourly timeframe. Also has options to choose a different opening time: - 1 Hour - 30 Min - 15 Min - 10 Min - 5 Min
*note: Upon updating the script the conversion from V4 to v5 has lost the weekend extended lines and now prints an asia session for each day. It is recommended (esp for crypto) to extend these lines across the weekend like in the chart example above. The E9 Asia Session Indicator is a valuable tool for traders aiming to track and analyze the Asia trading session...
This Pine Script indicator, "PnF Bullish and Bearish Trend line Proximity Alert," overlays on a trading chart to monitor and alert users about interactions with bullish and bearish trend lines derived from Point and Figure (PnF) charting. Key Features: Inputs: Users can set parameters such as box size, bullish and bearish angles (in degrees), and a proximity...
- Description The Sniper Signal is a sophisticated technical indicator designed for traders seeking to maximize accuracy in identifying key turning points within a market. This indicator is built on a dual approach, combining the power of the Wave Trend Momentum Oscillator (WTMO) with the robustness of a long-term Simple Moving Average (SMA), making it an ideal...
Dear Analysts and Traders, I am pleased to present the latest version of my indicator, based on the logic of analyzing spread and volume. In this version, the indicator examines spread and volume using min-max normalization. The statistical value is captured through Z-Score standardization, and I have added configurable alerts based on the normalized values of...
Indicators play a role in analyzing price action, trends, and potential reversals. Among many of these, velocity and acceleration have held a significant place due to their ability to provide insight into momentum and rate of change. This indicator takes the old calculation and tweaks it with gaussian smoothing and logarithmic function to ensure proper scaling. ...
The 123 Reversal Trading Strategy is a technical analysis approach that seeks to identify potential reversal points in the market by analyzing price patterns. This Pine Script™ code implements a version of this strategy, and here’s a detailed description: Strategy Overview Objective: The strategy aims to identify bullish reversal patterns using the 123 pattern...
This is a MAPD (moving average percent difference) indicator that plots the results in candlestick format and with an option to show divergencies of a specific look back period. It's built with 200 moving average, which cannot be adjusted. A divergence is when the actual asset price moves in the opposite direction than the MAPD. MAPD measures the percent...
The E9 MACD (Moving Average Convergence Divergence) indicator is a powerful tool used in technical analysis to help traders identify potential buy and sell signals based on price action. It is designed to provide clear visual cues and alerts for trading decisions. Here’s how it applies to price action and its key functionalities: Key Features and Functionality...
This indicator is designed to help traders identify high-probability breakout and breakdown points based on the first 5 minutes of market activity (9:30 am to 9:35 am). It works effectively on both the 1-minute and 5-minute timeframes, making it ideal for day traders and scalpers. This indicator is a better indicator of my previous 5-Minute Opening Range Breakout...
The Big 5 Checklist | XEONEDIA indicator is a powerful trading tool designed to help traders prepare their trading decisions in a structured and effective manner. The indicator encompasses five key areas: Strategy Documentation : ✅ Ensure that the trading strategy is clearly defined and documented. ✅ Conduct backtesting. ✅ Perform demo testing with an 80%...
What are Fair Value Gaps (FVGs)? Fair Value Gaps (FVGs) represent price inefficiencies where buying and selling volumes are imbalanced, creating gaps between the wicks of consecutive candles. These gaps often act as magnets for price, as markets tend to "fill" these gaps before resuming their trend. FVGs can signal potential entry or exit points, making them a...
The Gaussian RSI For Loop indicator is a sophisticated tool designed for trend-following traders seeking to identify strong uptrends in the market. By integrating a Gaussian and Weighted-MA (GWMA) with the Relative Strength Index (RSI), this indicator employs a loop-based scoring system to provide clear signals for potential trading opportunities. The combination...
█ Introduction The Composite Momentum Indicator is a tool we came across that we found to be useful at detecting implied tops and bottoms within quick market cycles. Its approach to analyzing momentum through a combination of moving averages and summation techniques makes it a useful addition to the range of available indicators on TradingView. █ How It...
The Correlation Clusters is a machine learning tool that allows traders to group sets of tickers with a similar correlation coefficient to a user-set reference ticker. The tool calculates the correlation coefficients between 10 user-set tickers and a user-set reference ticker, with the possibility of forming up to 10 clusters. 🔶 USAGE Applying...
Interest Rate Trading: How Interest Rates Can Guide Your Next Move. How were interest rate decisions added? All interest rate decision dates were manually retrieved from the 'Record of Policy Actions' and 'Minutes of Actions' on the Federal Reserve's website due to inconsistent dates from other sources. These were manually added as Pine Script currently only...
The Open Interest (OI) Delta indicator is a tool designed to provide insights into the dynamics of Open Interest changes within the futures market. Open Interest (OI) refers to the total number of outstanding derivative contracts, such as options or futures, that have not been settled. The OI Delta measures the change in Open Interest over a specified period,...
The US Sentiment Index is an advanced analytical tool designed for traders seeking to uncover patterns, correlations, and potential leading signals across key market tickers. This indicator surpasses traditional sentiment measures, providing a data-driven approach that offers deeper insights compared to conventional indices like the Fear and Greed Index. Key...