Use this code to stop support and resistance This can be used with the momentum indicators that I have to see if we are likely to breakout or get rejected Indicator Settings: The indicator is titled "Support/Resistance | Breaks & Bounces" and is set to overlay on the price chart. max_lines_count is set to 500, indicating the maximum number of support/resistance...
"Hello, first of all, I believe that the most important levels to look at are the weekly Fibonacci levels. I have planned an indicator that automatically calculates this. It models a range based on the weekly opening, high, and low prices, which is well-detailed and clear in my scans. I hope it will be beneficial for everyone. ***The logic of the...
A stochastic version of my momentum channel volume filter The "Stochastic Momentum" indicator combines the concepts of Stochastic and Bollinger Bands to provide insights into price momentum and potential trend reversals. It can be used to identify overbought and oversold conditions, as well as potential bullish and bearish signals. The indicator calculates a...
I've created a user-friendly trading indicator that interprets and visually presents support and resistance levels, transforming raw data into actionable insights. Here's a glimpse of what you might encounter: Today's trigger points (ES) Support: 4264.5,4220.75,4131.5,4164.5,3980.75,4182.5,4174.25,4120,4112.25,4089.25,4085.75 Resistance:...
With this indicator, the VWAP is displayed based on two adjustable sources. Close and Open are recommended by default. The zone between the Open and Close VWAP is carried over to the next day as the zone at the end of the period. The zones can be considered as support and resistance zones. The chart illustrates the idea behind it. In addition, the anchor...
This Indicator Identifies and draws the support and resistance Zones On the Chart 🔶Overview The support and resistance indicator is a technical indicator that will plot the support zone and resistance zone on the candlestick chart. It determines the price touches to find the strong support resistance zones. The support and resistance indicator is the most...
Releasing the Z-Score Retracement Indicator What it does: The Z-Score retracement indicator operates similarly to Fibonacci retracements. It calculates the average, standard deviation and Z-Scores of a user defined period and will plot out the various Standard Deviation levels and price targets based on the period under analysis. It will visually display the...
Hi Traders ! Just finished my Y2 university finals exams, and thought I would cook up a quick and hopefully useful script. VWAP + Session Average Lines : Volatility Weighted Average Price in the standard case is a trading indicator that measures the average trading price for the user defined period, usually a standard session (D timeframe), & is used by...
The Regularized-MA Oscillator Suite is a versatile indicator that transforms any moving average into an oscillator. It comprises up to 13 different moving average types, including KAMA, T3, and ALMA. This indicator serves as a valuable tool for both trend following and mean reversion strategies, providing traders and investors with enhanced insights into market...
Here's how it works step by step: The indicator takes an input parameter called "length," which determines the number of bars to consider for the calculation. A higher length value will result in a smoother indicator, while a lower length value will make it more sensitive to recent price changes. It then calculates the bullish sentiment by summing the volume...
Japanese below / 日本語説明は英文の後にあります。 ------------------------- *This indicator is based on TheTrdFloor's "3 Line Strike ". It's a very cool indicator. thank you. In addition to the original indicator, it will be judged Engulfing only when the display of the MTF signal and the candle have a difference of 2 times or more. === Function description === 1. Display of...
🧾 Description: A nexus is a connection, link, or neuronal junction where signals and information are transmitted between different elements. The MTF SuperTrends Nexus indicator serves as a nexus between MTF SuperTrends by facilitating the visualization of up to eight multi-timeframe SuperTrends, each with its own customizable timeframe, period, factor, and...
This is based on the 'Global Liquidity Proxy' as defined by Darius Dale. GLP is comprised of: * Central bank balance sheet * Narrow money supply * Foreign exchange reserves minus gold This is an approximation based on the description above. This indicator shows the global liquidity proxy for China. The model, in terms of TradingView symbols is: YoY change %...
Title: Banded Chikou Breakout — Quantifying Ichimoku Momentum Overview: Banded Chikou Breakout (BCB) is a unique, algorithmic script designed to augment the capabilities of traders seeking substantial breakout opportunities. Constructed on the robust principles of the Ichimoku trading strategy, BCB is designed to quantify and filter the Chikou Span's...
This indicator is based on purely Fibonacci levels. How it works: Let's first understand the Fibonacci levels. The main Fibonacci numbers are 0, 0.236, 0.392, 0.5, 0.618, 0.764, 1 whereas 0 equal to low and 1 equal to high. As the market is moving in any direction, new lows or new highs are developing and hence Fibonacci levels are also changing throughout the...
🧾 Description: A nexus is a connection, link, or neuronal junction where signals and information are transmitted between different elements. The MTF MAs and Crosses Nexus indicator serves as a nexus between MTF Moving Averages by facilitating the visualization and interaction of up to eight multi-timeframe moving averages, each with its own customizable...
In specific circumstances, it is possible to extract data, far above the 40 `request.*()` call limit for 1 single script . The following technique uses composite tickers . Changing tickers needs to be done in the code itself as will be explained further. ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯ 🔶 PRINCIPLE Standard...
Hi everyone! Sorry for not posting anything for so long again. I will be active in July, after passing my university exams. I bought some S&C magazine archives, so await my new post strategies and indicator in July, as things are gonna get real interesting! But for now let me hand you some new and interesting stuff — AFR indicator. Actually, this is my third...