Pivot points are a popular technical analysis tool used by traders to identify potential levels of support and resistance in a given timeframe. Pivot points are derived from previous price action and are used to estimate potential price levels where an asset may experience a reversal, breakout, or significant price movement.
The calculation of pivot points...
What is ATR?
Taking a candlestick, the following 3 transactions are calculated:
1-The difference between the high of the day and the low of the day
2-The difference between today's high and yesterday's close
3-The difference between today's low and yesterday's close
Atr takes the average of these 14-day candlesticks after making their calculations and it predicts...
The Bitcoin Limeted Growth is a model proposed by QuantMario that offers an alternative approach to estimating Bitcoin's price based on the Stock-to-Flow (S2F) ratio. This model takes into account the limitations of the traditional S2F model and introduces refinements to enhance its analysis.
The S2F model is commonly used to analyze Bitcoin's price by...
Improved version:
This indicator is based on Subhashish Pani's "Power of Stocks" 5 EMA Strategy, which aims to identify potential buying and selling opportunities in the market. The indicator plots the 5 EMA (Exponential Moving Average) and generates Buy/Sell signals with corresponding Target and Stoploss levels.
Subhashish Pani's 5 EMA Strategy is a...
The provided code is a custom indicator called "Trendilo" in TradingView. It helps traders identify trends in price data. The indicator calculates the percentage change of the chosen price source and applies smoothing to it. Then, it calculates the Arnaud Legoux Moving Average (ALMA) of the smoothed percentage change. The ALMA is compared to a root mean square...
As of May 2023, there are more than 180 usdt perpetual coins on the binance futures exchange. These coins are included in the indicator in lists of 40. They are sorted instantly in the table from largest to smallest. The sorting style can be changed in the indicator settings. This indicator collects RSI and TSI values at desired values. The result has a maximum...
This is the first ever Point and Figure vertical price target script. Just hover over any column and the price target will be shown on the upper left hand side where the script name is. It is for both upside and downside vertical targets. It is based on a 3 box reversal, but that can be changed within the code, and the box size can be changed within the code or...
The primary objective of this indicator is to discern candles that exhibit characteristics suggestive of potential market reversals through the application of candlestick analysis. Extensive observation across various assets and timeframes has revealed the existence of a recurrent reversal pattern. This pattern typically manifests as a sequence of one to three...
This script is designed to change the color of bars on a trading chart based on different trading sessions in Eastern Time (ET). It is different from currently published scripts in that it specifically focuses on US time sessions and provides a customizable approach to defining and coloring each session.
To use this script, you can apply it to a chart by...
The script you're looking at is a humorous "financial advisor" that places funny and non-traditional investment advice labels on a trading chart. The advice doesn't really have any meaningful connection to real financial indicators or market trends, and it's meant for entertainment purposes only.
Here's how it works:
Every 23 bars on the chart (a bar could...
Overview:
The PTI is a custom indicator designed to provide buy and sell signals based on price movements and volatility. It uses the Average True Range (ATR) to calculate stop levels and identifies potential trend changes.
Parameters:
The indicator has several customizable parameters that you can adjust according to your preferences. These parameters include:
-...
The Pine Script "Planetary Tunings Moving Averages" is a unique tool that plots moving averages (MAs) on a chart, representing the wavelengths of different planets as derived from the book Quadrivium. These wavelengths, also referred to as 'planetary tunings', are related to the orbital resonance of each planet.
Each planetary tuning value is first transformed...
The Adaptive Mean Reversion Indicator is a tool for identifying mean reversion trading opportunities in the market. The indicator employs a dynamic approach by adapting its parameters based on the detected market regime, ensuring optimal performance in different market conditions.
To determine the market regime, the indicator utilizes a volatility threshold. By...
Correlation Tracker Indicator
The Correlation Tracker indicator calculates and visualizes the correlation between two symbols on a chart. It helps traders and investors understand the relationship and strength of correlation between the selected symbol and another symbol of their choice.
Indicator Features:
- Correlation Calculation: The indicator calculates...
The "US Market Sentiment" indicator is designed to provide insights into the sentiment of the US market. It is based on the calculation of an oscillator using data from the High Yield Ratio. This indicator can be helpful in assessing the overall sentiment and potential market trends.
Key Features:
Trend Direction: The indicator helps identify the general trend...
The provided script is an enhanced strategy that combines multiple indicators to generate buy and sell signals. Here's a breakdown of its features and usage:
Indicators used:
1. Moving Averages (MA): It uses two moving averages, fast and slow, to identify trend direction.
2. Relative Strength Index (RSI): It measures the momentum and overbought/oversold...
TGIF - "Thank God it's Friday"
After a heavily bearish week (tuesday, wednesday and thursday) price sometimes looks for some retracement on fridays. Vice versa for bullish weeks.
This script shows how often that specific scenario happens and displays that data in a table.
The user has the option to input a starting year for the statistic and is able to filter...
The Golden pattern is a three-candlestick configuration based on a variation of the golden ratio (2.618) from the Fibonacci sequence.
The bullish Golden pattern is composed of a normal bullish candlestick with any type of body, followed by a bigger bullish candlestick with a close price that is at least 2.618 times the size of the first candlestick (high to low)....
