The concept of comparing the **Day Open** to the **Previous Day Close** is used frequently in technical analysis to gauge the sentiment or momentum at the start of a new trading day. ### Key Terms: - **Day Open**: The first traded price of an asset when the market opens for the day. - **Previous Day Close**: The last traded price of an asset when the market...
this indicator is designed to help traders identify potential entry and exit points based on RSI divergence patterns, enhancing traditional RSI analysis.
¡Perfecto! Aquí te dejo la descripción actualizada en español e inglés, con la recomendación de destildar +DI y -DI para una mejor visualización y ajustar el umbral de tendencia moderada a 35. Descripción en español: ADX Color Fusionado MTF Suavizado es una modificación inspirada en el script original "ADX Multi Color" de API Developers. Este indicador ha sido...
Needed Fixes - Time Zone Session Colors not synced - Clock not counting down - Clock not checking for holidays and weekends - Clock not displaying the right color when each market session opens and/or closes - Needs to have Time Zone w/ Polyblocks added
GBP vs CAD Currency Oscillator This custom oscillator compares the relative strength of GBP (British Pound) and CAD (Canadian Dollar) against a basket of other currencies to determine potential overbought and oversold conditions. The indicator is designed to help traders evaluate momentum shifts and identify possible trend reversals between these two currencies,...
Keeping track of local times across different time zones has always been a challenge, especially when working with global markets. But worry no more, as we now have a solution tailored for this very need. With this indicator, you can effortlessly add two different time zones to your chart, making it easier than ever to stay on top of market activity. The...
This indicator uniquely maps and interprets key market conditions using Moving Averages, MACD, RSI, and Bollinger Bands. Unlike traditional indicators that only display visual signals, this tool provides written analysis directly on your chart as soon as specific conditions are met. This feature makes it easier to understand the market’s current state and...
Mystic Pulse - A Non-Lagging Trend Indicator Introduction In the world of trading, identifying trends accurately and timely is crucial for successful decision-making. The saying "The Trend is Your Friend" encapsulates this principle, emphasizing the importance of riding the prevailing market trend. The Mystic Pulse indicator is designed to help traders do...
💎 GENERAL OVERVIEW Introducing our new MACD Trail indicator! Moving average convergence/divergence (MACD) is a well-known indicator among traders. It's a trend-following indicator that uses the relationship between two exponential moving averages (EMAs). This indicator aims to use MACD to generate a trail that follows the current price of the ticker, which can...
Script Overview This script is a trading indicator designed to identify potential buy and sell signals based on the crossover of two Exponential Moving Averages (EMAs): Indicator Title and Setup: The script is named "EMA Crossover Buy/Sell Indicator" and is plotted directly on the price chart. EMAs Calculation: It calculates two EMAs: a 20-period EMA and a...
The Volume Zone oscillator breaks up volume activity into positive and negative categories. It is positive when the current closing price is greater than the prior closing price and negative when it's lower than the prior closing price. The resulting curve plots through relative percentage levels that yield a series of buy and sell signals, depending on level and...
The Stochastic indicator is a popular indicator developed in the 1950s. It is designed to identify overbought and oversold scenarios on different assets. A value above 80 is considered overbought and a value below 20 is considered oversold. The formula is as follows: %k = ((Close - Low_i) / (High_i / Low_i)) * 100 Low_i and High_i represent the lowest low and...
Descripción: Este indicador en Pine Script está diseñado para analizar y visualizar dinámicamente la velocidad de los cambios de precio en un gráfico de TradingView. El indicador permite a los usuarios seleccionar diferentes tipos de medias móviles y fuentes de precios para calcular y mostrar el cambio porcentual en el precio durante un período...
he RSI MAPPING - ARIEIV is a powerful technical indicator based on the Relative Strength Index (RSI) combined with moving averages and divergence detection. This indicator is designed to provide a clear view of overbought and oversold conditions, as well as identifying potential reversals and signals for market entries and exits. Key Features: Customizable...
This indicator tracks price movements following significant volume increases. It identifies volume spikes by comparing recent average volume to a longer-term average. After a spike, it monitors price changes over a specified number of bars. In plain English, the point of this is to “let the market show it’s hand”, vs. other common and preemptive methods of...
Here's a description for your script that aligns with the guidelines provided: --- **Title:** The GOD's EYE V1 **Description:** "The GOD's EYE V1" is a powerful technical analysis tool designed for Forex traders who seek to identify high-probability trading opportunities based on price action and trend-following strategies. **Key Features:** 1. **Dynamic...
Indicator Overview This indicator calculates potential volume (volume) based on the highest and lowest prices within a specified time period and displays it on the chart. This allows you to visually analyze the relationship between price fluctuations and volume. How to use Enter set values:. setlength: Specify the period of time. The default value is 20. The...
The Mobile Dashboard indicator provides a compact and customizable table on your TradingView chart, summarizing key data for up to six selected financial instruments. It displays the close price, previous day high (PDH), previous day low (PDL), and SuperTrend direction (Bull/Bear). The table's position, size, and transparency can be adjusted to suit your...