### Explanation of the Pine Script This Pine Script identifies and displays weekly naked Points of Control (nPOCs) on a TradingView chart. An nPOC represents a Point of Control (POC) from a previous week that has not been revisited by price action in subsequent weeks. These nPOCs are extended to the right as horizontal lines, indicating potential support or...
PURPOSE OF THE INDICATOR This indicator autogenerates and displays naked levels and gaps of multiple types collected into one simple and easy to use indicator. VALUE PROPOSITION OF THE INDICATOR AND HOW IT IS ORIGINAL AND USEFUL 1) CONVENIENCE : The purpose of this indicator is to offer traders with one coherent and robust indicator providing useful,...
Unleash the power of Volume Spread Analysis (VSA) with our state-of-the-art indicator designed to detect market divergences and convergences, helping you make informed trading decisions. 📈 Key Features: Detects bullish and bearish divergences based on volume and price movements. 📊🔍 Identifies bullish and bearish convergences, signaling potential trend...
WaveTrend with Divergences & RSI(STOCH) Divergences by WeloTrades Overview The "WaveTrend With Divergences & RSI(STOCH) Divergences" is an advanced Pine Script™ indicator designed for TradingView, offering a multi-dimensional analysis of market conditions. This script integrates several technical indicators—WaveTrend, Money Flow Index (MFI), RSI, and...
The "Daily Ratio OCHL Averager" indicator, is designed for use in financial charts. It calculates an average value based on the daily open, close, high, and low prices, and visualizes this average on the chart. Ratio Calculation: The script calculates a ratio representing the normalized difference as a percentage. This ratio helps determine if the current price...
A simple modification of the regular FXN day separator indicator. It starts the days at 12:00 of the time-zone you select as opposed to the regular 17:00 server time.
This TradingView script is designed to visualize the highest high and the lowest low from the previous 576 candles on the chart. It draws horizontal lines representing these values and updates them at a specific time each day.
The Pine Script indicator you are examining is designed to enhance your trading chart by visually demarcating specific seasonal periods known as summer for the years 2020 and 2021. This indicator achieves this by employing background shading to indicate these defined summer periods, providing traders with a visual reference to help in analyzing seasonal trends and...
Explanation: Inputs: equitySymbol: The symbol for the equity index (default is "SPY" for the S&P 500 ETF). bondSymbol: The symbol for the bond market (default is "TLT" for the 20+ Year Treasury Bond ETF). Fetch Data: equityClose and bondClose retrieve the daily closing prices for the specified equity and bond symbols. Relative Spread Calculation: The relative...
This indicator highlights bullish and bearish gaps in price movement. You can customize the colors, transparency, border width, and label size. The script detects gaps where the current low is higher than the previous high (bullish) or the current high is lower than the previous low (bearish). It then draws boxes around these gaps and labels them with their size....
Brooks Always In Overview: The "Brooks Always In Indicator" by KintsugiTrading is a tool designed for traders who follow price action methodologies inspired by Al Brooks. This indicator identifies key bar patterns and breakouts, plots an Exponential Moving Average (EMA), and highlights consecutive bullish and bearish bars. It is intended to assist traders in...
Description: The 25-Day Momentum Index (25D MI) is a technical indicator designed to measure the strength and direction of price movements over a 25-day period. Inspired by classic momentum analysis, this indicator helps traders identify trends and potential reversal points in the market. How It Works: Momentum Calculation: The 25D MI calculates momentum as...
That Candle have wick more and equal to 50% of the candle's range(High-Low)
The volatility adjusted relative strength indicator offers a more precise approach to traditional RS indicators by incorporating volatility adjustments into its calculations. This will provide traders with a more nuanced view of relative performance between a selected instrument and a comparison index. Identifying Relative Strength (RS) and Weakness (RW) against...
Traders use settlement prices as both support/resistance and as a target for price to trend towards. The intention of this script is to provide possible entry and exit levels for swing and scalp trades by drawing horizontal lines of true settlement prices provided by TradingView. The settlement price, which is calculated daily, is used to determine the...
This indicator plots the Option chain data of the following instruments and columns.. It plots 11 rows , 5 Rows above the input strike price 1 Row for the input strike price 5 Rows below the input strike price Instruments : 1. NIFTY 2. BANKNIFTY 3. FINNIFTY 4. MIDCPNifty Columns : 1. StrikePrice 2.CMP 3.Volume 4.VWAP 5.Diff (Open-Close) Traders need to change...
Linear Regression Channel with Logarithmic Scale Option This advanced Linear Regression Channel indicator offers traders a powerful tool for technical analysis, with unique features that set it apart from standard implementations. Key Features: Logarithmic Scale Option: One of the most distinctive aspects of this indicator is the ability to switch between...
This indicator was built to help calculate the outcome of trades that utilize multiple profit targets and/or multiple entries. In its simplest form, we can have a single entry and a single profit target. As shown below in this long trade example, the indicator will draw risk and reward boxes (red and green, respectively) with several annotations. On the left-hand...