█ OVERVIEW We have included by default 3 known Patterns. The Bat, the Butterfly and the Gartley. But have you ever wondered how effective other, not yet known models could be? Don't ask yourself the question anymore, it's time to find out for yourself! You have the option to customize your own Patterns with the Backtesting tool and set Retracement Ratios and...
This indicator will tell you whether the security you are looking at is overvalued or undervalued using a company's total assets and their market cap. In theory, a company's total assets is everything that they own, which then should technically be how much the company is worth. Therefore, if the company's market cap is higher than their total assets, the...
This script is a quantitative price forecasting indicator that forecasts price changes for a given asset. The model aims to forecast future prices by analyzing past data within a selected time period. Mathematical probability is used to calculate whether starting from time X can lead to reaching prices Y1 and Y2. In this context, X represents the current...
Introduction: This script is a result of an AI recommended created trading strategy that is design to offer new traders’ easy access to trend information and oversold/overbought conditions. Here we have combined commonly used indicators into a single unique visualization that quickly identifies trend changes and both RSI and Bollinger Band based overbought and...
Here is an another outcome of Object Oriented Zigzag and Pattern Ecosystem of Libraries. We already have another implementation of recursive zigzag which makes use of earlier library rzigzag . Here in this example, we make use of similar logic but leverage the new type and method based Zigzag system libraries to derive the indicator. 🎲 Design Overview ...
Traders, i have been observing crude oil for about 3 months now and somehow I can see that crude is respecting 42 days Moving average and crosses have created massive spikes most of the time. However you need to be mindful of the time to trade and timeframe since not all crosses creates spikes. Note: I have been testing on a 15min timeframe. Keeping this in...
ATR is one of the main indicators we use to measure volatility. When the market starts to consolidate or does not rise, ATR will be at a relatively low position. However, the classic ATR formula does not consider that when the price changes at a logarithmic level, the ATR value will also change significantly. Therefore, I divide the calculated ATR value by the...
Hello! This indicator (Intrabar Analyzer) presents intrabar data in various derivative forms. On-Chart Features Traditional price data down to 1 min. Heikin-Ashi price data down to 1 min. Kagi price data down to 1 min. Point & Figure price data down to 1 min. Renko price data down to 1 min. Linebreak price data down to 1 min. LinReg channel SMA ...
Having a reference point for comparing with current data has always been an important task in market analysis. This script tried to give a better understanding based on weekdays. This script shows that in the current ticker, what is the average movement of the price (High-Low) and volume for each weekday. Depending on the market and the exchange it should be...
Hello, here is an indicator that can be helpful for your trading that is simple and easy to use. Our culprit here is a candle that opens and closes below the lower band of Bollinger Band, Black and red lines are put on the high and low of that candle. Green Arrows are happening when: 1- When candle closes above the black line and Stochastic RSI is in the...
This simple Pine script is an implementation of the Dynamic Reactor indicator. The indicator is designed to dynamically adjust to market conditions and identify trend reversals. The indicator takes one input parameter: the length of the Dynamic Reactor. The script calculates the high, low, and midpoint values of the Dynamic Reactor using a simple moving average...
This script visualizes Bitcoins "seasonality", in form of a colored table (based on the idea from "BigBangTheory") The history table shows you which months do statistically perform better/worse in comparison to other months. How to use this script: Choose ticker "BLX" ("BraveNewCoin Liquid Index for Bitcoin"). Set the charts time frame to weekly or daily. Tables...
Here it is, the Gann Square of 9. An easy-to-use tool to determine possible support and resistance levels. Input a starting value to be the starting point of the square. Then the increasing value will be used to get the value of each cell on the table. It's possible to show the diagonals and a spot number to see what cell value the current price is close to. The...
-Plots price legs based on two user input lookback numbers. Smaller number for small legs, larger number for large legs. -Plots Fib projections of these price legs, above and below; User can input four independent fib levels or standard deviation levels ## User Inputs ## ~Show visible chart only; Show price leg labels (time and price); show small legs (fibs...
This script allows traders to visualize the range of time when a macro (an automated series of instructions/trades from large fund traders, executed by an algorithm) will likely occur in the market. It does this by drawing vertical lines and labels on the chart at these specific times: (Macro Open) - 9:50 AM EST (Macro Close) - 10:10 AM EST (Macro Open) - 10:50...
This is my 1st indicator enjoy. Description of the VWAP Supply and Demand Zones indicator: This indicator uses the Volume Weighted Average Price (VWAP) to identify potential supply and demand zones in the market. The VWAP is a popular indicator that shows the average price of a security weighted by volume over a specified period of time. It can be used as a...
This is the Pressure Indicator. The Pressure Indicator analyzes a number of price ratios to measure the pressure of Buyers and Sellers. I’ve also added to the indicator: 1) Moving Averages (MA) – You can choose 3 types of MA: - Simple Moving Average (SMA) - Exponential Moving Average (EMA) - default - Volume Weighted Moving Average (VWMA) - Arnaud Legoux Moving...
"Say Hi" to object oriented programming with Pinescript using types and methods. This is the beginning of new era of Pinescript where we are moving from isolated scripts containing indicator and strategies to whole ecosystem of Object Oriented Programming with libraries of highly reusable components. Those who are familiar with programming would have already...