🔵 Introduction Harmonic patterns blend geometric shapes with Fibonacci numbers, making these numbers fundamental to understanding the patterns. One person who has done a lot of research on harmonic patterns is Scott Carney.Scott Carney's research on harmonic patterns in technical analysis focuses on precise price structures based on Fibonacci ratios to identify...
The Chebyshev Filter Divergences Oscillator The Chebyshev Filter indicator is a powerful tool designed to identify potential divergences between price and a filtered version of price based on the Chebyshev filter algorithm. It helps to spot mean reversion points by highlighting areas where price and the filtered price exhibit conflicting signals. ...
The Previous Highs & Lows indicator highlights a user-set amount of previous maximum/minimum prices made within specific intervals, these are displayed as levels customizable levels. Additionally, one upper and lower zone constructed from the previously displayed highs/lows is included, providing support/resistance areas. 🔶 USAGE Previous highs/lows are...
Overview The AlphaSutte MultiPrice Indicator is a powerful tool for forecasting market movements and generating trading signals. At its core is the AlphaSutte Model, which stands out for its innovative approach to predicting future price movements. Inspired by the () on TradingView, this indicator enhances the original concept by integrating it with the T3...
The Buffett Valuation Indicator (also known as the Buffett Index or Buffett Ratio) measures the ratio of the total United States stock market to GDP. This indicator helps determine whether the valuation changes in US stocks are justified by the GDP level. For example, the ratio is calculated based on the standard deviations from the historical trend line. If...
**SHOULD BE USED ON THE S&P 500 ONLY** The S&P Short-Range Oscillator (SRO), inspired by the principles of Jim Cramer's oscillator, is a technical analysis tool designed to help traders identify potential buy and sell signals in the stock market, specifically for the S&P 500 index. The SRO combines several market indicators to provide a normalized measure of...
Range Separator is a unique tool designed to help traders visualize critical price levels and ranges on their charts. This script employs the innovative concepts of "Candles Are Ranges" and the "Power of 3 (PO3)" to enhance trading strategies by marking key time intervals and price levels. What the Script Does: Hourly Lines: Automatically draws vertical lines at...
### Indicator Description: High and Low of Last 5 Trading Days **Indicator Name:** High and Low of Last 5 Trading Days **Purpose:** This indicator plots the high and low levels for each of the last 5 trading days on your TradingView chart. It helps traders to visualize important price levels from the recent trading history, which can act as potential support...
Description The purpose of this index is to give an idea about the possible direction of the trend. The index is overbought between 70 and 100, and oversold between 30 and 0. Unlike a typical RSI calculation, the 6-bar simple moving average of the price is calculated first. Then, the 21-bar RSI value of this moving average is calculated. Why The 6-bar average...
The "Smart Money Concepts by WeloTrades" indicator is designed to offer traders a comprehensive tool that integrates multiple advanced features to aid in market analysis. By combining order blocks, liquidity levels, fair value gaps, trendlines, and market structure analysis, the indicator provides a holistic approach to understanding market dynamics and making...
This should allow you to have up to five EMA's on the chart in one indicator.
The Momentum & Squeeze Oscillator is a technical analysis tool designed to help traders identify shifts in market momentum and potential squeeze conditions. This oscillator combines multiple timeframes and periods to provide a detailed view of market dynamics. It enhances the decision-making process for both short-term and long-term traders by visualizing...
Multi-Timeframe Period Separator Introduction - Purpose: This TradingView script is designed to help traders by automatically drawing period separators on the chart based on various timeframes. - Benefits: Enhances chart readability, provides better visualization of time periods, and supports multiple timeframe types. Features 1. Timeframe Selection: ...
Introduction TradingView is a web-based platform that allows traders and investors to conduct comprehensive technical analyses, develop trading strategies, and track market movements in real-time. One of the many features TradingView offers is the ability to create custom indicators using Pine Script. In this presentation, we will focus on the implementation...
The "Advanced Fully Reversed Candles with Reversed Ichimoku" indicator is a sophisticated tool designed for traders who seek a unique perspective on market dynamics. This innovative indicator not only reverses the traditional candlestick chart but also inverts the Ichimoku Cloud components, providing a comprehensive view of the market's inverted behavior. Key...
█ CONCEPT Acceleration Line (Blue) The Acceleration Line is calculated as the difference between the 8-period SMA and the 20-period SMA. This line helps to identify the momentum and potential turning points in the market. Signal Line (Red) The Signal Line is an 8-period SMA of the Acceleration Line. This line smooths out the Acceleration Line to generate...
Indicator Overview Name: Edufx's Power of Three Purpose: To highlight the high and low price ranges of specific hourly candles on a chart. To visualize these ranges using rectangles. Features Visibility Toggle: Users can enable or disable the visibility of the rectangles highlighting the high and low price ranges of the specified candles. Customizable Rectangle...
ZOR (Zone of Outperformance Ratio) with Supporting Indicators This custom indicator introduces an approach to measuring asset performance through the Zone of Outperformance Ratio (ZOR), complemented by two supporting indicators for comprehensive market analysis. 1. ZOR (Zone of Outperformance Ratio) The ZOR is the cornerstone of this indicator, offering a...