Introduction: The OmniSoftware Indicator is an exclusive, invite-only tool meticulously designed for traders seeking to enhance their market insights and improve their trading strategies. This premium indicator combines multiple advanced techniques to offer users not only clear trend signals and market zones but also cutting-edge features like adaptive...
Description The Candle Average Price Finder is a selection tool designed to calculate the average price of a specified candle source within a user-defined range. By placing two anchor points on the chart, users can select a specific range of candles. The tool then computes the average of the chosen candle source—whether it's the open, close, high, or low...
This indicator displays divergences for multiple indicators on the chart. It includes divergences for volume, CCI, MACD, OBV, CMF, RSI, MFI, and maybe more in the future. Below is an explanation of how divergences for these indicators are displayed: 1. Volume I use volume to assess the strength of demand and supply. The way Volume divergences are calculated is...
This algorithm is designed to generate buy and sell signals using two channels calculated from moving averages and price ranges 📊. The channels are configured with customizable periods and multipliers that adjust their width 🔄. ✨ Signals are generated when the price crosses and is confirmed on the second candle that exceeds the upper or lower limits of both...
Pip's Finder is an indicator designed to Find "Trend direction" and capture reliable price movements. This is very simple and powerful tool which generate direction of price movement , this tool is based on the dynamic fibonacci retracement and extension mechansim forged from the basic idea of fibonacci concept and identifier of the trend mechansism blended...
Its a Leading Indicator. This script explains how 'Pivot Points' along with 'Fibonacci' & 'VWAP' can be used to catch a trend. Volume Weighted Average Price (VWAP):- VWAP stands for Volume-Weighted Average Price, which is a tool that shows the average price of a security over a period of time, adjusted for trading volume. VWAP = (Cumulative (Price * Volume) ÷...
The Trend Filtered Signals with Confidence Level is a powerful technical analysis tool designed for trend-following traders. It provides clear buy and sell signals, enhanced by a unique confidence level indicator, helping traders filter out market noise and focus on higher-probability trades. This indicator is built with advanced trend detection, volatility...
The Pivot Volume Confluence indicator is designed to help traders identify significant pivot points (local highs and lows) that are accompanied by increased trading volume. This combination can signal important market turning points and provides valuable insights into potential support and resistance areas. Key Features: • Pivot Point Identification:...
Its a work in progess but here you go. I pair it with a 50 EMA for better direction. 1. Bullish Trend Signal: Green Labels ("Bullish") are plotted below the price chart when a bullish trend is detected. This is based on a crossover of two simple moving averages (short and long): The short-term moving average (SMA) crosses above the long-term moving average,...
ADX with 6 configurable lines Average Directional Index (ADX) Definition The Average Directional Index (ADX) is a specific indicator used by technical analysts and traders to determine the strength of a trend. The trend can be either bullish or bearish, which is shown by two indicators that often accompany the ADX, the positive directional indicator, commonly...
RTI For Loop | viResearch Conceptual Foundation and Innovation The "RTI For Loop" script introduces a unique approach to analyzing market trends by leveraging the concept of Relative Trend Index (RTI) within a loop-based scoring system. The RTI measures the price's relative position between an upper and lower trend boundary, dynamically calculated using standard...
█ OVERVIEW The Dynamic Fib Retracement (Golden Pocket) indicator is an advanced Fibonacci trading tool designed to enhance technical analysis and improve trading strategies. This innovative tool automatically calculates Fibonacci retracement 'Golden Pocket' levels based on the most recent swing points within a user-defined Lookback Range, which can be easily...
This "Fx_Shepherd Lot Size Calculator" script is a basic yet essential tool designed for traders to calculate the appropriate lot size based on account balance, risk percentage, and stop-loss pips. It promotes disciplined risk management by ensuring that the user only risks a defined percentage of their account on each trade. The script also features a toggleable...
Intermarket Analysis The INTERMARKET ANALYSIS tool enables a comprehensive comparison of different markets such as Bonds, Currencies, Commodities, and Indices by comparing the current market value with a selected underlying asset. The script uses the RSI (Relative Strength Index) combined with various smoothing methods, offering a clear visual representation of...
This Pine Script code is a Breakout Detector with Trading Session highlights for use on a financial chart. Here's a detailed breakdown of its functionality: 1. Breakout Detection The main purpose of this script is to detect breakouts based on specific price levels (like highs and lows) within a given lookback period. It identifies different types of breakouts...
COT INDEXING | OPEN INTEREST This Pine Script for TradingView, titled **"COT INDEXING | OPEN INTEREST "**, is designed to analyze and visualize the **Open Interest (OI)** in conjunction with **COT (Commitment of Traders) data**. It calculates and plots an Open Interest index across multiple timeframes and highlights extreme values to help identify overbought...
COT INDEXING | COMMERCIALS This Pine Script for TradingView, titled **"COT INDEXING | COMMERCIALS"**, is designed to index the net positions of **commercial**, **non-commercial**, and **non-reportable** participants based on the **Commitment of Traders (COT) report**. The script displays the net positions, calculates an index of commercial net positions over a...
COT PLOTING | NET POSITIONS This Pine Script for TradingView, titled **"COT PLOTTING | NET POSITIONS "**, visualizes the net positions of **commercial**, **non-commercial**, and **non-reportable** participants from the Commitment of Traders (COT) report. The net positions are displayed on a chart, with color adjustments for long and short positions and...