The primary purpose of this indicator is to calculate and plot the 52-week high and low prices along with the Fibonacci retracement levels on the price chart. Fibonacci levels are commonly used in trading to identify potential support, resistance, and price reversal points. First, the script initializes the Fibonacci levels and their corresponding colors, which...
Radar chart is often used when you want to display data across several unique dimensions. Although there are exceptions, these dimensions are usually quantitative, and typically range from zero to a maximum value. Each dimension’s range is normalized to one another, so that when we draw our spider chart, the length of a line from zero to a dimension’s maximum...
Introducing the "Golden Zone" indicator, a powerful tool that simplifies the Fibonacci indicator by creating a clear Golden Zone to identify potential future price movements. The Golden Zone is a supply or demand zone that corresponds to the 61.8% and 50% Fibonacci retracement levels. These levels are important because they often mark zones where the price reacts,...
Indicator Overview This indicator is derived from Market Value and Realized Value, which can be defined as: Market Value: The current price of Bitcoin multiplied by the number of coins in circulation. This is like market cap in traditional markets i.e. share price multiplied by number of shares. Realized Value: Rather than taking the current price of Bitcoin,...
A minimal breakout trend following indicator (Turtle trading). Entry is on the break of a Donchian channel and exit is on the reversal at a shorter-term Donchian channel (trailing stop). Entry levels are hidden in an active trend, and only the active exit level is shown. Levels and entry/exit markers can be shown or hidden independently.
Hello, This software is a technical analysis script written in the TradingView Pine language. The script creates a trading indicator based on Fibonacci retracement levels and the RSI indicator, providing information about price movements and asset volatility by using Bollinger Bands. There are many different scripts in the market that draw RSI and Fibonacci...
Preface DonOsc stands for Donchian Channel Oscillator. This channel envelopes all prices, so if you set the height of the channel to 100 percent, you can plot the prices as percent in between, creating this sub-pane oscillator. For clarity the example chart shows a Donchian channel in the main-pane with the same look-back as the DonOsc, this way you can see how...
Price Extrapolator with Deviation Cones - A Powerful Tool for Predicting Future Prices Subtitle: Discover how this custom indicator can help you forecast potential price movements with greater accuracy, using historical data. Introduction Predicting future price movements is always a challenge for traders and investors. However, by using historical data and...
This is top and bottom finder indicator which is using RSI , Mavilimw(Kivanc's) , BB and WT it is better use this indicator on Daily Weekly and 4H chart There is 2 signal Buy and Sell , you can use different strategies such as ( when you see Buy signal you can buy 25% of your portfolio and when you see SELL signal sell 25% of portfolio ) rule is basic : Buy...
█ OVERVIEW This indicator automatically draws bearish alternate flag 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 bullish alternate flag 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 bearish pennant 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 the...
█ OVERVIEW This indicator automatically draws bullish pennant 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 the...
█ OVERVIEW This indicator automatically draws bearish flag 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 the...
█ OVERVIEW This indicator automatically draws bullish flag 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 the...
This script is a custom indicator for TradingView that shows the yearly open price levels on a chart. It differs from other scripts as it plots a single line for each year, showing the open price for that year, and labels the line with the year and open price. This indicator can be useful for identifying key levels of support and resistance based on the yearly...
Hello! This code creates a Fibonacci retracement indicator and a trend-following strategy indicator. Trading signals and price reversal targets are also calculated. The overall structure of the code is quite clear and readable. The purpose of the code is to calculate Fibonacci retracement levels and a trend-following indicator, display price levels on a chart,...
Modified Super Trend with Chebyshev Filter The Modified Super Trend is an innovative take on the classic Super Trend indicator. This advanced version incorporates a Chebyshev filter, which significantly enhances its capabilities by reducing false signals and improving overall signal quality. In this post, we'll dive deep into the Modified Super Trend, exploring...