MACDV = Moving Average Convergence Divergence Volume The MACDV indicator uses stochastic accumulation / distribution volume inflow and outflow formulas to visualize it in a standard MACD type of appearance. To be able to merge these formulas I had to normalize the math. Accumulation / distribution volume is a unique scale. Stochastic is a 0-100 scale. MACD is a...
Preface I share my personal general view on indicators below; skip ahead to the Description below if you are not interested. It is my personal conviction that most - if not all - indicators rely mainly on trader's belief that they work, and in a feedback system like free markets they might become a self-fulfilling prophecy as a result, if (!) a big part of the...
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...
The Choppiness Index is a technical indicator that is used to measure market volatility and trendiness. It is designed to help traders identify when the market is trending and when it is choppy, meaning that it is moving sideways with no clear direction. The Choppiness Index was first introduced by Australian commodity trader E.W. Dreiss in the late 1990s, and it...
The MACD and RSI fusion is a popular technical analysis strategy used by traders to identify buy and sell signals in the market. The strategy makes use of two popular technical indicators, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), and combines them to create a powerful trading signal. The MACD and RSI fusion was...
The indicator displays the following: Vertical line day separator from 00:00 to 00:00 EST High/Low lines for the days true range from 00:00 to EOD Opening line from 00:00 EST to EOD Opening line from 08:30 EST to EOD Weekly Opening line from Sunday open at 18:00 EST to last bar in the week Monday range high/low/mid line, which can be extended to EOW Text...
Script based off the definition Adjusted Volume means the sum of trading volume for a period of 20 consecutive trading days ending on the day preceding the date of determination; provided, however, that the day with the highest volume and the day with the lowest volume shall be eliminated and only the remaining 18 days summed.
This indicator works only for symbols where open interest data is available. The idea was to create a combination of Volume Delta, Open Interest, RSI, Moving Average and Support / Resistance as a unified tool. I created a Weighted Moving Average based on the Volume Delta (VDWMA). The idea behind this was to reflect the moving average on the difference between...
The Liquidity Concepts indicator is designed to represent the liquidity on the chart using pivot points as potential stop-losses / liquidity grabs. The indicator is facilitated by a market structure detector and pivot points to identify resting liquidity / stop-loss levels. A liquidity grab or a stop-loss hunt is when retail traders place their stop-loss orders...
- Draw boxes on the intersections between yesterday's high/low and the day's after high/low This will help you to visualize areas at extreme points where algo hasn't yet pushed price to recover them
This Bitcoin Market Cap wave model indicator is rooted in the foundation of my previously developed tool, the : Bitcoin wave model To derive the Total Market Cap from the Bitcoin wave price model, I employed a straightforward estimation for the Total Market Supply (TMS). This estimation relies on the formula: TMS <= (1 - 2^(-h)) for any h.This equation...
The "FVG w/ Fibs" indicator is a trading tool designed to identify and visualize Fair Value Gaps (FVGs) while overlaying two Fibonacci retracement levels. • Bullish FVG: Occurs when the low of the current bar is higher than the high of two bars ago, and the previous close is higher than the high of two bars ago. • Bearish FVG: Occurs when the high of the...
Bitcoin wave model is based on the logarithmic regression model and the sinusoidal waves, induced by the halving events. This chart presents the outcome of an in-depth analysis of the complete set of Bitcoin price data available from October 2009 to August 2023. The central concept is that the logarithm of the Bitcoin price closely adheres to the logarithmic...
Market Trend by Trading Ninjaa Description: The "Market Trend" indicator is designed to provide traders with a clear visual representation of the prevailing market direction. By utilizing a higher timeframe moving average, this tool offers insights into the broader market trend. The indicator identifies: Uptrends: When the price is above the higher timeframe...
The Ultimate RSI indicator is a new oscillator based on the calculation of the Relative Strength Index that aims to put more emphasis on the trend, thus having a less noisy output. Opposite to the regular RSI, this oscillator is designed for a trend trading approach instead of a contrarian one. 🔶 USAGE While returning the same information as a regular RSI,...
This code is a custom script designed for analyzing trading volume within a specific time window on the TradingView platform. It offers a comprehensive analysis of buying and selling activity during a defined period and provides visual aids and data summaries for traders to make informed decisions. Here's a detailed breakdown of its functionality and how to use...
📜 ––––HISTORY & CREDITS–––– The MarketSmith & IBD Style Model Stock Quarters another Utility indicator is an original creation by TintinTrading inspired by Investor's Business Daily and William O'Neil style of presenting information. While going through the Model Stocks that IBD has been publishing, I realized that I wanted to see the exam same Quarterly...
📜 ––––HISTORY & CREDITS–––– The Price Confirmation Indicator is an innovative tool developed by TintinTrading to help his students learn to interpret Price + Volume moves. It is designed to provide traders with a visual cue for price movement confirmation based on both price direction and trading volume. I got the idea from watching Daivd Ryan, how he...