What is Rocket RSI Welles Wilder's original description of the relative strength index (RSI) in his 1978 New Concepts In Technical Trading Systems specified a calculation period of 14 days. This requirement led him on a 40-year quest to find the right length of data for calculating indicators and trading strategy rules. Many technicians touched on RSI and...
*** Technical Analysis intro to Demand & Supply Zones: Analyzing supply and demand has become a prevalent approach for day and swing traders engaged in equity, forex, and futures markets. The objective of studying supply and demand zones is to anticipate potential price pivots before they occur, providing traders with a strategic advantage. While various charting...
The "RSI MFI WPR Combo" is a sophisticated trading indicator developed for the TradingView platform, which synergistically combines the insights of three renowned technical analysis tools: the Relative Strength Index (RSI), the Money Flow Index (MFI), and the Williams Percent Range (WPR). This indicator is meticulously designed to assist traders in identifying...
The Ohlson O-Score is a financial metric developed by Olof Ohlson to predict the probability of a company experiencing financial distress. It is widely used by investors and analysts as a key tool for financial analysis. Inputs: Period: Select the financial period for analysis, either "FY" (Fiscal Year) or "FQ" (Fiscal Quarter). Country: Specify the...
Introducing the Elder Titan TrendMaster – a battle-tested indicator that harnesses the power of Omega, Sortino, Sharpe, Z-Score, Volume, Sentiment, and Relative Strength, all forged into a single, formidable TPI component. Each element, normalized and ranging from -1 to 1, converges to create the indomitable Elder Titan Score – a beacon in the turbulent seas of...
The "Entry Buy/Sell with RSI-WMA Conditions" script, crafted by Brian Le, is a specialized TradingView indicator designed for traders who seek to capitalize on specific RSI (Relative Strength Index) crossover events relative to key moving averages, specifically the EMA (Exponential Moving Average) and WMA (Weighted Moving Average). This tool is particularly useful...
Main info This script automatically draws you the Fibonacci retracement level called golden pocket from the latest detected pivot point to the actual price. This level is very popular among traders because the price tends to reverse on this level pretty often. You should use this on higher timeframes 15m+. It is good to keep in mind that this level alone is not...
This script is designed for traders who seek to visually identify and analyze patterns of harmony and divergence in the price action of securities directly on their trading charts. The script provides a nuanced approach to understanding market sentiment and potential price movement directions by examining candle sizes and volumes over a specified lookback...
The indicator draws boxes when close to close returns are positive for at least a specified number of bars. The last bar is only included in the box (if positive) after the market is closed, to avoid false positives. The standard use (by William O'Neil) is on weekly charts, using at least five consecutive up bars to define a box (indicating strong institutional...
The Inversion Fair Value Gaps (IFVG) indicator is based on the inversion FVG concept by ICT and provides support and resistance zones based on mitigated Fair Value Gaps (FVGs). 🔶 USAGE Once mitigation of an FVG occurs, we detect the zone as an "Inverted FVG". This would now be looked upon for potential support or resistance. Mitigation occurs when the...
This is a simple script that provides you with realtime information on the actual Bitcoin price difference between the Binance Perpetual Futures and the Coinbase Spot markets. I consider this information very useful - especially on intraday timeframes - because it immediately shows the way the retail margin traders are skewed. Positive values mean that the...
This is an ATR band study. It presents the Daily and Weekly ATRs onto the chart, with an adjustable pivot as the mid-point. ATR: The study projects the following, from both daily and weekly timeframe analysis: 14-period ATR Bands for Daily 4-period ATR Bands for Weekly Both period settings are adjustable by the user Pivot: The default pivot is set to (H+L+C)/3,...
The "Advanced Volume" indicator is a versatile tool designed for traders who need a detailed analysis of market volume dynamics. It provides three unique modes of volume analysis: Simple, Complex, and Analytics, each offering distinct insights for various trading styles. Key Features: Modes of Operation: Simple Mode: Displays traditional volume data for a...
Description: The Pump and Dump Candles indicator is a robust tool designed to assist traders in identifying potential pump and dump scenarios within the financial markets. This innovative indicator combines key elements of price action and volatility to provide valuable insights into market manipulations and potential risks. This indicator uses ATR to standardize...
Red Bearish Green Bullish Using grouped fib averages, works similar to SMA
Explanation of the Code: Data Retrieval: The script retrieves the closing prices of the S&P 500 (sp500) and VIX (vix). Normalization: The script normalizes these values using a simple z-score normalization (subtracting the 50-period simple moving average and dividing by the 50-period standard deviation). This makes the scales of the two datasets more...
Since TradingView for some reason removed the small UI element in the symbol details window showing the amount of days left til a company releases its next earnings report, I decided to make my own. A simple script with options for choosing the position and at what amount of days left the displayed color should change to red (mimicking the old feature). I would...
🔵 Introduction Truly, the title "TradingView" doesn't do justice to this excellent website, and that's why I've written about its crucial aspect. In this indicator, the identification of all candlesticks known as "Pin bars" is explored. These candlesticks include the following: - Hammer : A Pin bar formed at the end of a bearish trend, with its body being...