Key Components : 📍 Natural Logarithm Function : The script starts by employing a custom Taylor Series approximation for natural logarithms. This function serves to calculate entropy with higher accuracy than conventional methods, laying the foundation for further calculations. 📍 Entropy Calculation : The core of this indicator is its entropy function. It employs...
This indicator is designed to visually represent different trading sessions on a price chart, highlighting candlestick colors to distinguish between bullish (upward movement) and bearish (downward movement) trends during various market sessions. Here's an overview of how the indicator works: 1. Session Definition: The indicator defines four distinct trading...
This is a CPR which indicates pivot points based on monthly price action. The Orange line acts as a resistance area, blue lines act as pivot point/CPR and green one is support. One can study retrospective chart to analyse how market has respected these Support and Resistance levels. A guide on how to trade using this indicator? 1. If you see the resistance is...
A breakout long signal is generated when the current high crosses above the previous mother bar's high, and it's an inside bar. A breakdown short signal is generated when the current low crosses below the previous mother bar's low, and it's an inside bar. The script plots triangle shapes below breakout long signals and above breakdown short signals. Alert...
Paytience Distribution Indicator User Guide Overview: The Paytience Distribution indicator is designed to visualize the distribution of any chosen data source. By default, it visualizes the distribution of a built-in Relative Strength Index (RSI). This guide provides details on its functionality and settings. Distribution Explanation: A distribution in...
Time Session Filter in TradingView Strategy: A Comprehensive Guide Welcome to this educational TradingView blog where we dive deep into the functionality and utility of the time session filter in trading strategies. It's interesting to note that the time session filter is a commonly overlooked feature in Pine Script, often not integrated into overall trading...
Equity Trade Risk Manager is a simple indicator that helps you protect your portfolio by going into each trade risk first ! Equity Trade Risk Manager does this by calculating your ideal position size or ideal stop loss based on your account size, purchase price and risk tolerance. This ensures you are never risking more than your predetermined amount on each...
This Script showing Levels determined by previous day data. and its open for educational purpose.
This script calculates both Bollinger Bands and Keltner Channels on a 5-minute chart. It identifies IV squeeze conditions when the lower Bollinger Band is above the lower Keltner Channel and the upper Bollinger Band is below the upper Keltner Channel. When a squeeze is detected, it plots a red triangle below the chart bars and alerts you with a message. Please...
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this indicator helps in calculating the price movement. nifty 15 min bnf 5 min only
This indicator is an overlay for your main chart. It will display your trade entry and trade close positions on your chart. After you place the indicator on you shart you will need to enter the trade information that you want to display. You can open thte input setting by clicking on the gear sprocket that appears when you hover your mouse over the indicator...
This TradingView indicator calculates the Cynical Cold Index, which is a weighted basket of commodity prices designed to track economic conditions. It compares the price of a given asset to the index value. Weights the commodities as percentages: Gold: 10% Oil: 15% Coffee: 5% Natural Gas: 10% Silver: 15% Sugar: 5% Corn: 5% ...
Example of how to input multiple symbols at once using a CSV list of ticker IDs. The input list is extracted into individual ticker IDs which are then each used within an example screener function that calculates their rate of change. The results for each of the rate of changes are then plotted. For code brevity this example only demonstrates using up to 4...
Just another Volume Profile but you can fit into your chart better by moving back and forth horizontally. also note you can fix the number of bars to show the volume by that way you can use a fib retracment to line up high/low volume nodes with fib levels... see where price as bad structure. or just play with the colors to make a cool gradient? Volume Profile is...
I do Love me some fibs!! i used a lot of 30 min Opening Range Fibs for interday trading, but have found that using more bars back can make for stronger levels just like when we use higher time frame to see support & resistant levels. You can just find high and lows for making an easy auto draw fib retracment, I think you will find these to be fairly accurate or...
Hello there! Let's imagine You are trading SPOT, buy more and more every new dump, but bear market is not going to stop... and your first trade was 3 YEARS AGO!!! Can't believe it is true. The problem is - exchanges allow You to see only new trades last 6 months(Binance). But I want to see all of them! How do I know AVG Price? This script is my solution. Just...
This indicator is intended to make backtesting and journaling a lot easier. This script will automatically plot the sessions you selec.t You don't have to worry about your timezone because this indicator will automatically handle that. For best results please don't go any higher than the Hourly. I aimed to keep this indicator very minimalistic to reduce the...