The discrete Fourier transform (DFT) overlay uses a discrete Fourier transform algorithm to identify trend direction. This is a simpler interpretation that only uses the magnitude of the first frequency component obtained from the DFT algorithm, but can be useful for visualization purposes. I haven't seen many Fourier scripts on TradingView that actually have the...
The DB ZEMA indicator is a no repaint indicator that is designed to local trends and local tops/bottoms. Since the indicator does not repaint, decisions can be made upon bar/period OPEN. That means, when the indicator turns red indicating a market top is finished, then a decision can be made to close at the OPEN of that period. Likewise, when the indicator turns...
Title : "The Dual-Dynamic Fibonacci Retracement Script: An Advanced Tool for Comprehensive Market Analysis" As the author of the "Dual-Dynamic Fibonacci Retracement Script", I am delighted to introduce you to this cutting-edge tool for technical analysis. Unlike conventional Fibonacci scripts, this advanced model incorporates multiple unique features and...
█ Overview The SuperBollingerTrend indicator is a combination of two popular technical analysis tools, Bollinger Bands, and SuperTrend. By fusing these two indicators, SuperBollingerTrend aims to provide traders with a more comprehensive view of the market, accounting for both volatility and trend direction. By combining trend identification with volatility...
What Is Wyckoff Wave Volume and How Does It Work? It is the cumulative sum of exchanged (sold/bought) shares or contracts on a given wave (downward or upward) in a given time plotted below the chart as volume histogram. It shows how much trade is taking place on a given wave. Values are displayed below the chart as opposed to the Wyckoff Wave Chart indicator...
Weis Wave - Waves Types indicator The Concept This indicator has been created based on David's Weis theory of cumulative volume histograms but this indicator has been enhanced with additional wave types to be able to identify the following: Visually identify the Effort vs Result concept (too much volume but small pip move or small volume too large pip...
What Is Wyckoff Wave Chart and How Does It Work? It is the cumulative sum of exchanged (sold/bought) shares or contracts on a given wave (downward or upward) in a given time plotted on the chart. Wyckoff Wave Chart for TradingView Wyckoff Wave Chart is the best tool to identify turning points in all markets. Money plays in the market, not set ups....
█ OVERVIEW This indicator automatically draws triple top patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than the price...
█ OVERVIEW This indicator automatically draws triple bottom patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than the...
█ OVERVIEW This indicator automatically draws double top patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than the price...
█ OVERVIEW This indicator automatically draws double bottom patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than the...
█ OVERVIEW This indicator automatically draws bearish alternate flag patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower...
█ OVERVIEW This indicator automatically draws bullish alternate flag patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower...
█ OVERVIEW This indicator automatically draws bearish pennant patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than the...
█ OVERVIEW This indicator automatically draws bullish pennant patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than the...
█ OVERVIEW This indicator automatically draws bearish flag patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than the...
█ OVERVIEW This indicator automatically draws bullish flag patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than the...
Weis Wave with Speed Index Signals The Concept This indicator has been created to try to quantify "Change in Behavior" concept and provide buy and sell based on this concept. What is Change in Behavior? Price is moving at speed rate based on the trading volume direction (buyers and sellers) until there is imbalance of Supply/Demand. An algorithm has been...