This is one of the best and most useful indicators I have ever created. It plots support and resistance levels at pivot points. The purpose of this indicator is to save the trader’s time on drawing levels and automate this routine process. Support and resistance levels are a cornerstone of trading. Every seasoned trader can plot them on a chart, underscoring...
Grucha Percentage Index originally created by Polish coder named Grzegorz Antosiewicz in 2011 as mql code. This code is adapted by his original code to tradingview's pinescript. What Does it Do GPI is an oscillator that finds the lowest/highest prices with certain depth and generates signals by comparing the bull and bear bars. It use two lines, one is the...
Weighted Average Volume Depth Introduction The Weighted Average Volume Depth (𝓦𝓐𝓥𝓓) indicator is calibrated to provide extensive insights, calculated using volumetric price action and volume depth, and provides dynamic adjustments based upon historical volatility. This indicator is a valuable asset for traders and investors, aiming to capture trends, measure...
The intelligent accumulator is a proof of concept strategy. A hybrid between a recurring buy and TA-based entries and exits. Distribute the amount of equity and add to your position as long as the TA condition is valid. Use the exit TA condition to define your exit strategy. Decide between adding only into losing positions to average down or take a riskier...
🚀📈 Introducing the Supertrended RSI Indicator by AlgoAlpha! Designed to empower your trading decisions, this innovative Pine Script™ creation marries the precision of the Relative Strength Index (RSI) with the dynamic prowess of the SuperTrend methodology. Whether you’re charting the course of cryptos, riding the waves of stock markets, or navigating the futures...
Pulse Profiler Introduction The Pulse Profiler ( ℙℙ ) is specifically designed to unambiguously indicate weakening momentum after a strong impulse. The upper and lower standard deviation bands also allow the user to assess the strength of an impulse and differentiate it from general noise. Due to the ℙℙ ’s rapid responsiveness to exhaustion in price...
Rate of Change Suite Introduction The "Rate of Change Suite" (𝓡𝓸𝓒 𝓢𝓾𝓲𝓽𝓮) refines traditional RoC concepts by incorporating additional elements that provide more nuanced views of market trends, potential reversions, and momentum shifts. Its main benefits are that it allows traders to detect momentum changes and frontrun trend shifts. The suite is designed to...
🌌 What the script does, how it does ? At the heart of its algorithm, this script incorporates the concept of Dollar Cost Averaging (DCA), a method of periodically allocating funds to an asset to mitigate the effects of market volatility. Before we start, it's important to clarify that the script is adapted for the cryptocurrency market on USDT & USDC pairs in...
▋ INTRODUCTION : The “ATR Levels” produces a sequence of horizontal line levels above and below the Center Line (reference level). They are sized based on the instrument's volatility, representing the average historical price movement on a selected higher timeframe using the average true range (ATR) indicator. _______________________ ▋ OVERVIEW: ...
Inspired by the Chande Trend Meter (this is not the Chande Trend Meter), this indicator aims to show the trend so you can make trading decisions accordingly. This is calculated by looking at Donchian Channels over a number of lengths (20, 40, 60 periods, etc.), converting them to percent, and then applying a weighting and smoothing similar to the Know Sure Thing...
Overview This indicator calculates volatility using the Rule of Thumb bandwidth estimator and incorporating the standard deviations of returns to get historical volatility. There are two options: one for the original rule of thumb bandwidth estimator, and another for the modified rule of thumb estimator. This indicator comes with the bandwidth , which is shown...
In developing the "Likelihood of Winning - Probability Density Function (PDF)" indicator, my aim was to offer traders a statistical tool to quantify the probability of reaching target prices. This indicator, grounded in risk assessment principles, enables users to analyze potential outcomes based on the normal distribution, providing insights into market...
What are Bandwidth Bands? This indicator uses Silverman Rule of Thumb Bandwidth to estimate the width of bands around the rolling moving average which takes in the log transformation of price to remove most of price skewness for the rest of the volatility calculations and then a exp() function is performed to convert it back to a right skewed distribution. These...
Indicator Name: Rate of Change RSI Description: The Rate of Change (ROC) of the Relative Strength Index (RSI) is a technical indicator designed to provide insights into the momentum of an asset's price movement. It combines the Relative Strength Index (RSI), a popular momentum oscillator, with the Rate of Change (ROC) concept to assess the speed at which RSI...
VWAP Bands Integrates VWAP with standard deviation bands to provide traders with insights into potential support and resistance levels based on volume dynamics. VWAP is a key metric used by institutional traders to gauge the average price a security has traded at throughout the trading day, taking into account both price and volume. This script calculates the...
Scalpers Volatility Filter Introduction The 𝒮𝒸𝒶𝓁𝓅𝑒𝓇'𝓈 𝒱𝑜𝓁𝒶𝓉𝒾𝓁𝒾𝓉𝓎 𝐹𝒾𝓁𝓉𝑒𝓇 (𝒮𝒱𝐹) is a sophisticated technical indicator, designed to increase the profitability of lower timeframe trading. Due to the inherent decrease in the signal-to-noise ratio when trading on lower timeframes, it is critical to develop analysis methods to inform traders of the optimal market...
RSI Volatility Bands Introduction The RSI Volatility Bands indicator introduces a unique approach to market analysis by combining the traditional Relative Strength Index (RSI) with dynamic, volatility adjusted deviation bands. It is designed to provide a highly customizable method of trend analysis, enabling investors to analyze potential entry and exit points...
This program uses SMA and Truncated Mean to calculate ATR. A truncated mean or trimmed mean is a statistical measure of central tendency, much like the mean and median. It involves the calculation of the mean after discarding given parts of a probability distribution or sample at the high and low end, and typically discarding an equal amount of both.