Price Volume Divergence (PVD) is designed to add extra confluence to volume analysis and mark potential reversals in the prevailing trend. The script uses a simple correlation of price and volume over the predefined time horizon in "PVD Length". If the correlation is positive (>0) the plotted line gets coloured blue. If the correlation is negative (<0) the...
This is a pretty simple concept that we were asked to put together. It uses 6 Moving Averages, and takes the average of each one, then averages them all together. If you don't want to use 6, and only 3 for example, then just enter the same length in two of the input fields as pairs. Example: For 6, you could use 10, 20, 30, 40, 50, 60 For 3, you could use 10,...
The Extended Hour Candle shows extended hour candle formations on the Daily chart. This indicator can be useful for those who want to analyse price movements during extended trading sessions without switching to intraday charts with "Extended trading hours" enabled. How to Use: Add the Extended Hour Candle indicator to a TradingView chart. Adjust the color...
Hello! This script “Monte Carlo Simulation - Your Strategy” uses Monte Carlo simulations for your inputted strategy returns or the asset on your chart! Features Monte Carlo Simulation: Performs Monte Carlo simulation to generate multiple future paths. Asset Price or Strategy: Can simulate either future asset prices based on historical log returns or a...
Library "lib_plot_composite_objects" library building on top of lib_plot_objects for composite objects such as Triangles and Polygons. heavily using chart.points method tostring(this, date_format) Namespace types: Triangle Parameters: this (Triangle) date_format (simple string) method tostring(this, date_format) Namespace types:...
AMT: Custom Levels Plotter Indicator Purpose: This indicator is designed to allow users to directly visualize custom price levels and their associated labels on a trading chart by copying and pasting data from the Gamma spreadsheet. Features and Functionalities: Direct Input from Gamma Spreadsheet: Users can effortlessly copy rows of data from the Gamma...
This indicator uses triple moving averages to identify the prevailing trend, and calculates the linear regression of the closing price, and of the RSI, to either confirm the current trend direction, or to identify a potential trade reversal. Additionally, it includes a trade management tool that allows you to rate your trade setup according to your selected entry...
"YD_Volume_Alert" is a simple alert based on the increasing volume. Although it is a simple indicator, strategies to determine accumulation and distribution can be developed using this indicator, which will also be published as well. 📌 Usage, Details and Alert Using this indicator is simple. You can enter two scales, "Increased Percentage 1 (%)" and...
This script is a modified version of the Price Volume Trend ( PVT ) that uses a moving average of the PVT as a signal ( sig ) line. The length of the signal line can be adjusted as needed by changing the "PVTC Signal Length" value inside the indicator settings menu. "PVTC Signal Type" allows you to pick between EMA and SMA as the signal line. Logic behind...
The script shows the opening range of the instrument based on different resolutions and timeframes. Inputs : 1. Resolution It decides the calculation frequency of the script. In Auto resolution, Standard values have been used. 2. Timeframe It decides the timeframe for the OHLC values. By default, it will use the chart timeframe and so chart OHLC values. 3....
This uses a custom moving average where the front half of the measured length is weighted as 2x of the back half. This makes the cma act like a combo of an ma and ema. It can also measure the rate of change of the cma using a varible derivation length to remove noise. When the cma rate of change is positive it can overlay green candles and vice versa when negative.
The Monthly Range Support & Resistance Levels is an advanced analytical tool designed to assess monthly price movements and provide potential support and resistance levels. This tool examines the average monthly price fluctuations over the past 7 months (default), and creates support and resistance levels based on the opening price. The indicator also considers...
Anchored Moving Average? An anchored moving average (AMA) is created when you select a point on the chart and start calculating the moving average from there. Thus the moving average’s denominator is not fixed but cumulative and dynamic. In this indicator, I've provided three different types of Anchored Moving Averages, viz., WMA, SMA and VWAP. WMA is relevant...
Xeeder - US Government Bonds Analysis (USBA) The "Xeeder - US Government Bonds Analysis" (USBA) is a comprehensive tool designed to assist traders in analyzing the spread, historical volatility, and correlation between two different U.S. Government Bonds. This indicator is crucial for understanding the relative performance and risk factors between two bond...
This indicator is a visual representation of the VWAP (Volume Weighted Average Price), it calculates the weighted average price based on trading volume. Essentially, it provides a measure of the average price at which an asset has traded during a given period, but with a particular focus on trading volume. In our case, the indicator calculates the VWAP for the...
This indicator calculates and displays the cumulative area for each region above and below the zero line in the MACD histogram. This area measurement serves as a momentum metric, where larger cumulative areas indicate stronger momentum. Divergences between the area and price can also potentially indicate an impending reversal. For example, when the stock price...
This Pine Script is an indicator designed to mark and highlight specific trading sessions on a TradingView chart. Here's a description of the script's functionality: 1. *Session Selection*: The script allows you to select a session time frame using the `session_input` input. The available options for session time frames are "D" (daily), "W" (weekly), "M"...
The Weighted Momentum Forecast (EWMF) is a predictive indicator designed to forecast the potential direction and magnitude of the next candle's close. It combines the principles of momentum, trend confirmation, and volatility adjustment to make its predictions. **Components:** 1. **Rate of Change (ROC)**: Measures the momentum of the market. 2. **Average True...