Pin Bar is one of the most important candlestick patterns. Almost every time you see a pin bar, you can expect the price to turn in the opposite direction.
You should pay more attention to the abnormal ones among the pin bars. What I mean by abnormal pin bar is that the long leg is at least 3 times larger than the body.
With this indicator, you can set your own...
Squat Bar Signal -- current Volume is greater than previous volume but Current bar MFI(Market Facilitation index) is lesser than previous bar MFI
Other Conditions -- Current Bars Range is lesser than (Average Range * Range Multiplier)
Non Squat Bar Buy Signal(Green Up Triangle) -- Volume and MFI is greater than previous bar, Close greater than open, Close is...
Full Credit goes to LazyBear for publishing Original Code.
Threshold lines that changes the color of Histogram based on if it exceeds Threshold lines. Ability to turn off and on.
Ability to Turn Histogram Off/On
Ability to turn Twiggs Money Flow Line Off/On
After receiving some multiple request to provide a MACD indicator that displays multiple timeframes at the same time I created this simple script.
You can use this script for free and adjust it as much you like.
With this script you can plot 6 MACD lines & 6 Signal lines.
• Current Timeframe MACD Line
• Current Timeframe Signal Line
• 15 minute...
This code shows expected reaction target prices after sudden moving based on RSI. Red area means the price is on overbought area, green area means the price is on oversold area. If you see red area under price, you can make short option to next to the horizontal beginning price of red area. If you see green area over price, you can make long option to next to the...
This plots the QQE (Quantitive Qualitative Estimation)
with the addition of labels to show areas to watch out for and a colored cloud to show Green Upwards or Red Downwards Momentum
The QQE indicator is based on Wilder's RSI, which is based on a smoothed RSI comparing the change (delta Δ) between between bars
to compute the FastTL and SlowTL...
This plots the Hull Moving Average Turning Points and Concavity
with the addition of colored segments representing concavity and turning points: maxima, minima and inflection.
a fast way to determine the trend direction and possible reversals based on concavity of the trend
Dark Green: Concave Up but HMA decreasing. The 'mood' has changed and the...
THE INVERSE FISHER TRANSFORM STOCH RSI
HOW IT WORKS
This indicator uses the inverse fisher transform on the stoch RSI for clear buying and selling signals. The stoch rsi is used to limit it in the range of 0 and 100. We subtract 50 from this to get it into the range of -50 to +50 and multiply by .1 to get it in the range of -5 to +5. We then use the 9 period...
This script has been created to demonstrate the effectiveness of using market regime filters in your trading strategy, and how they can improve your returns and lower your drawdowns
This strategy adds a simple filter (A historical volatility percentile filter, an implementation of which can be found on my trading profile) to a traditional buy and hold strategy of...
First of all the biggest thanks to @tista and @KivancOzbilgic for publishing their open source public indicators Bayesian BBSMA + nQQE Oscillator. And a mighty round of applause for @MarkBench for once again being my superhero pinescript guy that puts these awesome combination Ideas and ES stradegies in my head together. Now let me go ahead and explain what we...
Plots % Buy / Sell Volume , Chaikin Money Flow , Stochastic Oscillator, and Ultimate Oscillator on same axis, bound -1 to 1.
Show Volume Percentage, displaying buying as green and positive, selling as red and negative.
Showing the CMF, with green / red fill for positive / negative values.
Modified Stochastic Oscillator, converting bounds to -1 and 1, moving...
This signal combines a portion of Chris Moody's 2014 SlingShot and my 2017 MTF Indicators. Both of our prior scripts over indicated Buy and Sell Points. This signal indicates a buy or sell point much less than our prior scripts did but with absolute precision.
I would say it is 100% accurate, but that is because I am yet to find a timeframe and symbol where the...
Escaping of Rate from Average By Mustafa OZVER
This code shows a location of a rate or price (or etc.) from the average, rated by the standard deviation.
To show that, calculates the ema and standard deviation of our data then calculates the distance between ema and the current data by the standard deviation.
In summary, we can say that this value is the current...