Displacement refers to a significant and forceful price movement that indicates a potential shift in market sentiment or trend. Displacement is characterized by a strong push in price action, often seen after a period of consolidation or within a trending market. It is a key concept used to identify the strength of a move and to confirm the direction of the...
This indicator code helps traders identify potential sell opportunities using several important technical indicators: Point of Control (POC) – This is the price level where the most volume was traded over the past several days. Previous Day's Low – This shows the lowest price reached during the previous day. PAC (Price Action Channel) EMA – These are two moving...
Description of Indicator: This Pine Script indicator colors price bars based on the open price in relation to custom moving averages (EMA/SMA), Bull/Bear Power (BBPower), and an optional VWAP filter. The bar colors help identify bullish and bearish conditions with added visual cues for price positioning relative to VWAP. Key Features: Customizable Moving Averages...
The Amplitude indicator calculates and visualizes both the amplitude and cumulative amplitude of price movements, providing traders with insights into price volatility and trend strength. By distinguishing between positive and negative amplitude movements, this indicator aids in identifying bullish and bearish sentiments, potential reversal points, and...
EV Calculator with Adjustable Boxes and Custom Colors for TradingView Introduction: As a trader, one of the key metrics you need to evaluate is the Expected Value (EV) of your trading strategy. Understanding EV helps you gauge whether your trades will be profitable in the long run. This TradingView script allows you to visualize your EV alongside...
The Lot Size Formula in forex trading is a critical tool that offers several key benefits to traders: 🟢Risk Management: By using the formula, traders can control the amount of capital they risk on each trade. This helps prevent excessive losses by aligning the lot size with a predefined risk tolerance, such as 1% or 2% of the account balance. 🟢Consistent...
Fibonacci pivots combine Fibonacci retracement levels with pivot points to provide potential support and resistance levels. This tool is based on the idea that price tends to retrace a predictable portion of a move, after which it often continues in the original direction. Here’s a breakdown of Fibonacci pivots: 1. Pivot Point (PP) The central level that acts as...
Volume on Levels @gauranshg is a powerful Pine Script designed to visualize trading volume across price levels directly on the chart. This script allows users to observe volume intensity, offering a clearer perspective on price action and potential support/resistance areas. By utilizing a dynamic, customizable multiplier, the volume is normalized and displayed in...
Buy Signal: Triggered when ROC > threshold and the MACD line crosses above the Signal line. Sell Signal: Triggered when ROC < threshold and the MACD line crosses below the Signal line. Visual Elements: Green labels with "Buy" are displayed below the bars for buy signals. Red labels with "Sell" are displayed above the bars for sell signals. The background turns...
V20 with Prices The V20 with Prices strategy is a unique tool designed to assist traders in identifying potential buy and sell levels by analyzing continuous bullish price movements (green candles). This strategy tracks streaks of green candles and calculates key price levels based on the highest and lowest points during the streak. It highlights potential...
Buy or sell based on ATR,RSI,Bolinger,Keltner and 2STD
Description: The indicator displays a calendar with Volume data for up to 6 last months. It is designed to work on any timeframe, but works best on Daily and below. It is also consistent in that it displays the same data even if you go to lower timeframes like 5 minutes (even though the data is used is Daily). Features: - displays volume data for last N...
🎯 This script is designed to draw Fibonacci-based linear regression bands. It calculates and draws a linear regression channel and its Fibonacci levels across different time frames (5m, 15m, 30m, and 4h). 📊 How to use it? 🔍 Multidimensional Analysis This strategy allows you to view the market from a multidimensional perspective, integrating long-term trends with...
KASPA Slope Oscillator for analyzing KASPA on the 1D (daily) chart. The indicator is plotted in a separate pane below the price chart and uses a mathematical approach to calculate and visualize the momentum or "slope" of KASPA's price movements. Input Parameters: Slope Window (days): Defines the period (66 days by default) over which the slope is...
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...
### In-Depth Analysis of the "Uptrick: Trend SMA Oscillator" Indicator --- #### Introduction to the Indicator The "Uptrick: Trend SMA Oscillator" is an advanced yet user-friendly technical analysis tool designed to help traders across all levels of experience identify and follow market trends with precision. This indicator builds upon the fundamental principles...
M2 Global Liquidity Index (Candles) In this enhanced version of the original M2 Global Liquidity Index script by Mik3Christ3ns3n , I've taken the foundational concept and expanded its capabilities for more in-depth analysis and user flexibility. This updated script aggregates M2 money supply data from major global economies—China, the U.S., the Eurozone,...
Greer BuyZone Tool Description: The Greer BuyZone Tool is a custom Pine Script indicator designed to help identify potential long-term investment opportunities by marking BuyZones on the chart. This tool utilizes the Aroon indicator in combination with Fibonacci numbers to define periods where the asset might be a good candidate for dollar-cost...