TSLA2D

TSLA2D
Category: All-in-One, Trend, Momentum, Volume, Divergence

Summary:
The TSLA2D indicator is a powerful "all-in-one" technical analysis tool designed to provide traders with a comprehensive view of market dynamics directly on their chart. Combining multiple popular indicators and custom volume-price analysis, TSLA2D aims to help identify trend strength, momentum shifts, significant volume activity, and potential reversal points. Originally designed for Tesla on 2D timeframe but works great on higher timeframes too. NOTE: Stochastic bugs on some charts that dont have much price history. In the settings you can toggle things off you dont need.

Key Features:

Customizable Moving Averages: Plot up to four Exponential (EMA) or Simple (SMA) Moving Averages of varying lengths, offering adaptable trend identification. Each MA can be individually toggled, and its type and linewidth adjusted.

RSI Strength Background: Visually highlight periods where the Relative Strength Index (RSI15) is above 50, indicating bullish momentum, directly on the main chart background.

High Volume Bar Detection: Automatically identify and color bars with significantly higher-than-average volume, signaling potential areas of increased institutional activity or decisive moves.

Dynamic "Bottom Line" Sentiment: A unique visual line at the bottom of your chart that changes color (Green/Red/Gray) based on the price's relationship to key moving averages, providing a quick sentiment overview. Green means trend is up, gray means put your stop losses in place and red signals a downtrend. In the bottom line you also see white/black circles. Those are MACD bullish/bearish divergence. All adjustable.

Stochastic Oscillator with Signals: Integrate the Stochastic Oscillator in a separate pane with adjustable K/D lengths and overbought/oversold levels. The indicator plots key crossover/crossunder signals in overbought/oversold regions directly below price action for clear visualization of momentum shifts. NOTE: always double check for confirmed breakdown or breakup on the indicator itself. Sometimes the parametres dont show golden triangle below price.

MACD Divergence Detection: Identify potential bullish and bearish divergences using the Moving Average Convergence Divergence (MACD) histogram. This feature helps spot situations where price action and momentum are moving in opposite directions, suggesting reversals.

PVSRA (Price Volume Supply/Demand Analysis) Candle Coloring: A sophisticated custom module that re-colors candles based on volume strength and bullish/bearish intent (200% Peak Volume, 150% Rising Volume, Normal Volume). This provides deep insight into institutional participation and supply/demand dynamics.

How to Use:
TSLA2D is designed to be a confluence tool in trending market giving you also reversal signals. Combine the visual cues from background highlights and the "Bottom Line" with the momentum signals from Stochastic and MACD divergence, and the nuanced volume insights from PVSRA candle coloring. Use the configurable moving averages for dynamic support/resistance and trend direction.