Hello traders, I developed this indicator while working on a trading strategy using moving average slope and acceleration, and I found the concept interesting enough to share it. Let me briefly explain this indicator. ----About White Plot---- 1. Calculate the first derivative approximation at the current point of the Moving Average, and then calculate the...
█ INTRODUCTION Nearly three years in the making, intermittently worked on in the few spare hours of weekends and time off, this is a passion project I undertook to flesh out my skills as a computer programmer. This script currently recognizes 85 different candlestick patterns ranging from one to five candles in length. It also performs statistical analysis on...
╭━━━╮╱╱╱╱╭━╮╭━╮ ┃╭━╮┃╱╱╱╱┃╭╯┃╭╯ ┃╰━━┳━╮╭┳╯╰┳╯╰┳━━┳━╮ ╰━━╮┃╭╮╋╋╮╭┻╮╭┫┃━┫╭╯ ┃╰━╯┃┃┃┃┃┃┃╱┃┃┃┃━┫┃ ╰━━━┻╯╰┻╯╰╯╱╰╯╰━━┻╯ Overview A vast majority of modern data analysis & modelling techniques rely upon the idea of hidden patterns, wether it is some type of visualisation tool or some form of a complex machine learning algorithm, the one thing that they have in...
An inverted fair value gap (FVG) occurs when candles start closing below a bullish FVG or above a bearish FVG and in this case, support FVGs become resistances and vice versa. This is a smart money concept introduced by ICT. While we a number of have indicators for FVGs, we don't have any for inversion FVGs. This indicator is just for that - it shows FVGs only...
This is a simple strategy script based on Bollinger Bands pullbacks. The strategy is simple, as follows: For LONGS: At the close of any candle, it check to see if this candle is an UP candle where the low broke below the lower Bollinger Band. If so, we call this the trigger candle. For the next bar, we issue a BUY signal if the price breaks above the high of the...
█ OVERVIEW This indicator displays retracement and extension ratios above or below the relevant peaks and troughs. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than the price it opened. Swing Highs...
█ OVERVIEW This indicator automatically draws descending Elliot Wave patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower...
█ OVERVIEW This indicator automatically draws ascending Elliot Wave patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower...
Library "VolumeLib" Contains types and methods related to VOLUME volumePrice() TODO: add function description here Returns: TODO: add what function returns averageVolumePrice(length) Parameters: length (simple int) volumePower(volume_price, average_volume_price) Parameters: volume_price (float) average_volume_price (float) ...
The Weighted Momentum and Volatility Indicator (WMI) is a composite technical analysis tool that combines momentum and volatility to identify potential trend changes in the underlying asset. The WMI is displayed as an histogram that oscillates around a zero line, with increasing bars indicating a bullish trend and decreasing bars indicating a bearish trend. The...
█ OVERVIEW This indicator automatically draws inverse head and shoulders patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower...
█ OVERVIEW This indicator automatically draws head and shoulders patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than...
█ OVERVIEW This indicator automatically draws descending inverse head and shoulders patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price...
█ OVERVIEW This indicator automatically draws descending head and shoulders patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is...
█ OVERVIEW This indicator automatically draws ascending inverse head and shoulders patterns and price projections derived from the ranges that constitute the patterns. █ CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price...
Range Filter x Hull Suite This indicator is a hybrid of two popular indicators, with a twist; namely the Range Filter (Guikroth version) and the Hull Suite (by Insilico) . Originally developed as a 1 minute trend following strategy and traded during the New York Session for it's typically high volume / likely trending nature, it provides entry signals based...
This indicator is designed to compare the year-over-year earnings and sales growth, as well as the P/E ratio of up to 10 stocks simultaneously . This provides valuable insights into the fundamental performance of multiple stocks at the same time, allowing traders to quickly identify which stocks are outperforming or underperforming their peers. The earnings...
The Concept Probability Cone is a mathematical indicator designed to demonstrate the potential price range of an asset based on its historical volatility and statistical probabilities. Unlike most publicly available probability cone scripts, which often contain inaccuracies and oversimplifications, this tool is developed with a strong focus on precision and...