We determine if the price is below EMA 9 by comparing the close price with EMA 9. We determine if the current candle body is huge compared to the previous candle's body. We plot EMA 9 in black color and EMA 200 in green color. We plot blue triangles below the bars for EMA crossover above and red triangles above the bars for EMA crossover below. We set the color of...
This is a tool to help out traders who does initial range breakout trading. The initial range is set as 25 mins after the market open. 25 mins is plotted keeping in mind those traders who trade based on 5 mins candle. Logically, one week consists of 5 trading days and similarly, time frames are often looked as 5 times multiple. If someone, wants to trade based on...
This version of the Noise Area Pine Script, developed with the assistance of ChatGPT, includes adjustments for opening gaps to better account for overnight price changes that affect the market open. This Pine Script is designed to provide traders with a dynamic visualization of the Noise Area based on the volatility of the last 14 trading days. It calculates the...
Input Parameters The script has three input parameters: · length: an integer input with a default value of 20, likely used for calculating moving averages or other indicators. · zoneSize: a decimal input with a default value of 1.5, likely used to define the size of the "holding zone". · entryZone: an integer input with a default value of 50, likely used to...
This script builds levels based on the High and Low of the previous trading day; a middle line is also added, which is the average value of these data. The indicator generates a long signal when the High level of the previous day is broken, as well as a short signal when the low is broken. The idea of the indicator is to capture volatility in the crypto market....
This is a new indicator that detects double inside bars with the condition that their base bar is either shifted above or below (i.e. both base bar's high and low are higher or lower than the mother bar's high and low respectively) it plots lines at the top and bottom of the mother bar and 2 TPs above and 2 TPs below.
Relative Average Extrapolation (ChartPrime) is a new take on session averages, like the famous vwap . This indicator leverages patterns in the market by leveraging average-at-time to get a footprint of the average market conditions for the current time. This allows for a great estimate of market conditions throughout the day allowing for predictive forecasting....
This is fork of the previous Astro: Planetary Channel Lines indicator that now includes over a dozen different celestial bodies, made possible after the most recent update of the AstroLib library. Celestial Body Channel Lines is an approach to financial astrology that involves using the positions of the celestial bodies to predict trends and patterns in the...
20 This is a quantitative representation of where the stock lies within a band of plus or minus 2 sigma by finding the distance between the EMA and the current stock price.
Overview: The Absolute Move Bands indicator calculates the absolute value of the expected return, also known as "momentum" by some traders, and then displays it with standard deviation bands. The indicator also shows a moving average and a Kalman filter of the absolute move. If you take the expected return, you get what many traders commonly call "momentum."...
1.Description: This script is designed to calculate the limit up and limit down prices for Taiwan stock market securities based on the previous day's closing prices. It incorporates the specific tick size rules used in the Taiwan stock market to ensure accurate and compliant price adjustments. 2.Key Features: Tick Size Rules: The script applies different...
The Trend Oscillator indicator is a powerful tool that combines the strengths of Bollinger Bands and Keltner Channels to provide a comprehensive view of market trends and volatility. By integrating these two popular indicators, the Midas BB Trend offers a more nuanced and dynamic analysis of price movements, helping traders make more informed decisions. Key...
Hi, I have created Artharjan Day Trading Range indicator that plots the Intraday Trading Range for the day based on past 5 Days ATR value and takes 50% of that value and plots it above and below the current day's opening price. If current day close crosses above the Upper Level then we may see a Bullish trend otherwise Bearish trend can be seen. If the price...
This script is a combination of several indicators and trading strategies. Let's break down each part: 1. MACD Indicator (My MACD Indicator – Nabil's Version): This calculates the Moving Average Convergence Divergence (MACD) using Heikin Ashi candles. It uses Exponential Moving Averages (EMA) to compute the fast and slow lengths and then calculates the MACD line,...
The script calculates and displays probability bands around price movements, offering insights into potential market trends. Setting Up the Script Window Size: Determines the length of the window for the Nadaraya-Watson estimation. A larger window smooths the data more but might lag current market conditions. Bandwidth: Controls the bandwidth for the kernel...
█ OVERVIEW This script, inspired by the "Ultimate Channels and Ultimate Bands" article from the May 2024 edition of TASC's Traders' Tips , showcases the application of the UltimateSmoother by John Ehlers as a lag-reduced alternative to moving averages in indicators based on Keltner channels and Bollinger Bands®. █ CONCEPTS The UltimateSmoother , developed by...
This indicator is called "Swing Harmony Indicator" and it calculates the average of the highest high and lowest low prices over a certain period, along with a simple moving average of the closing prices. It then plots these values on the chart, with the color of the average line dynamically changing based on whether the second average is less than or greater than...
Hello, I focused on making this indicator as user-friendly as possible while designing it. I avoided complex structures, and as a result, I believe I have created an indicator that everyone can easily use. With the Strategy Builder indicator, you can automate the strategy you use and visualize signals on the chart. This allows you to scale your strategy and stay...