The indicator is designed to identify specific patterns in price and volume movements that can signal potential trading opportunities. It does this by calculating several conditions based on the current bar's price and volume movements. The code defines five conditions: Narrow Spread Up Bar, Wide Spread Down Bar, No Demand Bar, No Selling Bar, and Churning. These...
█ OVERVIEW TASC's April 2023 edition of Traders' Tips features an article entitled "Just Ignore Them: Undersampling The Data As A Smoothing Technique" by John Ehlers, which explores a method for reducing noise through data sampling. This script implements the article's proposed Undersampled Double MA indicator. █ CONCEPTS The conventional approach to...
The Interactive Range Analysis script is an essential tool for analyzing price ranges. It automatically draws important range levels, generates a Volume Profile or Open Interest profile and horizontal/vertical heatmaps, plots the anchored VWAP, draws Fibonacci levels, and much more. How to use the indicator: 1. The script will prompt you to select the "Start...
VWAP Rate of Change Indicator Description : The VWAP Rate of Change (ROC) indicator is a tool that can help traders identify the strength of a trend and potential reversal points. How to Use: Trend Strength: Traders can use the EMA of the VWAP ROC as an indicator of trend strength. If the oscillator is above 50, it suggests that the trend is bullish, and...
This script will count the bars back since the last time the current bar indicator value was either this low or this high. It will provide the time in either, seconds, minutes, hours, days, weeks, months, or years. please note: There are currently no alerts setup for this script. the length options only apply to the sources that have the "(MA)" in their...
Track the Federal Funds Rate projections for each month via the Fed Funds Rate Futures Contracts CBOT:ZQ1! This will be updated monthly to ensure that the current and relevant contracts are implemented. Traders can use this to speculate on whether the Federal Reserve is likely to raise, cut or do nothing to their key interest rate at the next meeting.
The Simple Dominance Momentum Indicator is a powerful tool for tracking market trends in the world of cryptocurrency. By analyzing the relationship between dominance and market movement, this indicator helps traders identify when money is flowing into or out of the market. Using the pane structure on TradingView, the Dominance Momentum Indicator makes it easy to...
Visualize raw buying and selling pressure via 3 different calculation methods, all superimposed with dynamic rescaling. Buying and selling pressure is the concept of quantifying the disproportion between buying and selling. In practice, there is no single definitive way to calculate it. This indicator is a merge to display three different methods to calculate...
The Previous Levels With Custom TimeZone indicator shows to users specifics price area which can be liquidity to take. Users can determine the desired time zone to retrieve the correct daily, weekly and monthly values. Several price area are shown with with indicator which are : Daily Open Price Daily Low Price Daily High Price Previous Daily Low...
Similar to the USI:TICK and USI:ADD, the USI:VOLD index shows the volume of the advancing stocks versus the volume of the declining stocks. Ideally, we want to see the ratio of VOLD being higher than usual. A way to see this ratio will be forthcoming. Stay tuned!
Modified Mannarino Market Risk Indicator MMMRI was developed by "Nobody Special Finance" as an enhancement to the original MMRI developed by Gregory Mannarino. The original and modified version were created as a way to gauge current level of risk in the market. This published indicator includes both versions along with ability to customize the symbols,...
This indicator gives you the ability to see historical data for each bar on the chart by simply hovering over the high of the bar, similar to the functionality of MarketSmith. Data for each bar includes: Open High Low Close + Change Percentage Change Closing Range Volume Volume Percent based on 50 day average Distance to 4 selectable moving...
www.tradingview.com This indicator is a simple script meant to find retests on the 200 period moving average. It's current state is optimized for the 5 minute timeframe. This works in all markets and all timeframes as long as you adjust certain rules for higher timeframes. It's strengths and weaknesses - Good at trend continuation in strong markets - Bad in...
This script picks up two types of pullbacks using the SLSMA line. The pb1 signal picks up a fast first pullback as price action breaks the SLSMA line. The pb2 signal detects a stronger pivot with the trend. There is an option to filter pb1 signals with trend in the settings. Lower highs and Higher lows are displayed as labels along the SLMSA line. This tool can be...
Giga Kaleidoscope GKD-C Blau Ergodic MACD is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System". █ Giga Kaleidoscope Modularized Trading System What is Loxx's "Giga Kaleidoscope Modularized Trading System"? The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No...
This measures the pivot of your source. the peaks and valleys. and, shows ou some neat statistics if you were to use those as your entry/exit points. I consider it a purist MA designers Acid Test. if you can get good numbers on this, (remember to deduct fees), you probably should feel confident in your indicator's quality. it isn't very forgiving. 170...
Centered around a Variable Moving Average (Rail Line). The Variable Moving Average (VMA) is a study that uses an Exponential Moving Average being able to automatically adjust its smoothing factor according to the market volatility. In addition to the Rail Line or VMA, the indicator makes use of Bollinger Bands in two ways. First, it displays when the Bollinger...
This indicator will generate a supertrend of your chosen configuration on any of the following indicators: RSI MFI Accum/Dist Momentum On Balance Volume CCI There is also a RANGE FILTER built into the scripts so that you can smooth the indicators for the supertrend. This is an optional configuration in the settings. Also, you can change the...