This script is a TradingView Pine Script that creates a custom indicator to analyze Commitment of Traders (COT) data. It leverages the TradingView COT library to fetch data related to futures and options markets, processes this data, and then applies the Williams %R indicator to the COT data to assist in trading decisions. Here’s a detailed explanation of its...
Balance of Power Indicator ⚖️ The Balance of Power Indicator is a visual tool that illustrates the power dynamics between buyers and sellers by analyzing recent price action. Instead of providing direct buy or sell signals, this indicator shows how the tilt of a symbolic scale reflects the relative strength of both parties. The calculation is based on the...
Script Description: Combined Bitcoin CME Gaps and Weekend Days Author: NeoButane (Bitcoin CME Gaps), JohnIsTrading (Day of Week), Contributor : MikeTheRuleTA (Combined and optimizations) This Pine Script indicator provides a combined view of Bitcoin CME gaps and customizable weekend day backgrounds on your chart. It’s designed to help traders visualize CME gaps...
Future Standard Deviation Projector This innovative indicator projects price volatility into the future, helping traders anticipate potential price ranges and breakouts. It calculates standard deviation bands based on recent price action and extends them forward, providing a unique perspective on future price movement possibilities. Key Features: - Projects...
The Higher Time Frame (HTF) will be displayed in a box. You can choose HTF periods from: 15min, 30min, 1hour, 2hour, 3hour, 4hour, 6hour, 8hour, 12hour, 1day, 1week, 2week, 4week, 1month, 2month, 3month, 4month, 6month, and 1year. An error will occur if you set a period longer than the current candlestick period being displayed. The HTF Box can display a maximum...
For a strategy using the combined IMI (Intraday Momentum Index), MFI (Money Flow Index), and Bollinger Bands on a 1-minute chart of Bank NIFTY (Bank Nifty Index), here's how you can interpret the indicators and define a sell signal strategy: Strategy Explanation: IMI (Intraday Momentum Index): IMI measures the ratio of upward price changes to downward price...
This script is designed to help you compare the size of the current price candle (the difference between the highest and lowest prices in a given time period) to the average size of the last several candles. It does this by calculating the average range of a certain number of previous candles (you can set how many with the "Length" input) and then dividing the...
This script calculates the Compound Annual Growth Rate (CAGR) over a 10-year period or the maximum available historical data for any asset. The calculated growth rate is displayed as a label on the last bar of the chart. Ideal for investors and analysts, this tool helps you easily visualize and assess the long-term growth potential of your investments, providing...
The **"Elder AutoEnvelope with Overbought/Oversold Levels with Labels"** is a technical analysis tool designed to help identify overbought and oversold levels in the market, as well as potential reversal points. It uses moving averages and price volatility to detect possible price extremes. ### Indicator Description: - **Center EMA (26)**: Acts as the main trend...
The **Commitment of Traders (COT)** report is a valuable tool for analyzing market sentiment, providing insight into the positions of futures traders at the close of the Tuesday trading session. Prepared by the Commodity Futures Trading Commission (CFTC), the report is published every Friday at 3:30 p.m. Eastern Time, and the data is freely available on the CFTC...
1. Introduction to Volume Ratio: In China's stock market, the volume ratio is an indicator used to measure relative trading volume. It compares the average volume per minute after the market opens to the average volume per minute over the past five trading days. 2. Application of Volume Ratio: When there is a sudden surge in volume, the volume ratio chart will...
### Indicator Name: **Volatility Projection Levels (VPL)** ### Description: The **Volatility Projection Levels (VPL)** indicator is a powerful tool designed to help traders anticipate key support and resistance levels for the E-mini S&P 500 (ES) by leveraging the CBOE Volatility Index (^VIX). This indicator utilizes historical volatility data to project...
//@version=5 indicator("Fractal Levels with AVWAP and MACD", overlay=true) // Fractal Levels length = input(2, title="Fractal Length") fractalHigh = high == ta.highest(high, length * 2 + 1) ? high : na fractalLow = low == ta.lowest(low, length * 2 + 1) ? low : na plot(fractalHigh, title="Fractal High", color=color.red, style=plot.style_circles,...
Thid indicator is for trend, this use RMA, EMA & MA
Needed Fixes - Display "Sydney" Label for Sydney Zone
Summary of the Script: All Patterns Covered: The script includes all major harmonic patterns: Butterfly, Gartley, Crab, Bat, Cypher, and Three Drives. Both bullish and bearish versions are detected. ZigZag Swings: The zigzag logic helps find swing points (X, A, B, C, D) which are essential for forming these patterns. You can adjust the zigzagDepth parameter to...
# Enhancing Trading Strategies with the Weekly Seasonality Dynamic Kelly Criterion Indicator Amidst this pursuit to chase price, a common pitfall emerges: an overemphasis on price movements without adequate attention to risk management, probabilistic analysis, and strategic position sizing. To address these challenges, I developed the **Weekly Seasonality with...
This is an indicator to have text anchored in any symbol or chart, keep your ules at sight so is easy for you to follow, have your Bias too.