Hello everyone, In this indicator, you will find 6 different entry and exit signals based on the RSI : Entry into overbought and oversold zones Exit from overbought and oversold zones Crossing the 50 level RSI cross RSI MA below or above the 50 level RSI cross RSI MA in the overbought or oversold zones RSI Divergence With the signals...
This indicator is designed for users interested in backtesting the Silver Bullet strategy. It eliminates the need for manual drawing of vertical lines by automatically highlighting specific times known as ICT Silver Bullet times. These times correspond to periods when smart money are active the market. The indicator marks these Silver Bullet times with vertical...
TSI (True Strength Index) The TSI (True Strength Index) is a momentum-based trading indicator used to identify trend direction, overbought/oversold conditions, and potential trend reversals in financial markets. It was developed by William Blau and first introduced in 1991. Here's how the TSI indicator is calculated: • Double Smoothed Momentum (DM): This is...
this Pine Script that identifies a bearish candle with a body ratio of at least 55% that closes under the lowest point of a preceding bullish candle (also with a body ratio of at least 55%), you can follow the steps below. The body ratio is calculated as the absolute difference between the candle's open and close prices, divided by the range of the candle (high to...
Heikin Ashi Candles Let's consider a modification to the traditional “Heikin Ashi Candles” where we introduce a new parameter: the period of calculation. The traditional HA candles are derived from the open , high low , and close prices of the underlying asset. Now, let's introduce a new parameter, period, which will determine how many periods are...
This TradingView indicator script is designed to identify various trading signals based on price action and the 5-period Exponential Moving Average (EMA), providing traders with insights into potential buy and sell opportunities. The script generates signals under the following categories: Buy Signals Regular Buy Signal: Identified when the entire previous candle...
Brief introduction: Easy to use trend indicator to help find entry positions How it works: 1, short-term trend judgment: EMA is greatly influenced by short-term trends, so it is very good to use it as a tool for judging short-term trends. At the same time, the filtering function has been added: Long: green Short: red No direction: blue 2, the general trend...
Introduction: The "OPEN=HIGH/LOW Labels" script is designed to visually indicate instances where the opening price is equal to the high or low price of the candle. It overlays labels on the chart to highlight these conditions, providing traders with additional insights into price action. Key Features: Customizable Inputs: Traders can adjust parameters such as...
The indicator includes Williams Alligator, Williams Fractals, Divergent Bars, Market Facilitation Index, Highest and Lowest Bars, maximum and minimum peak of Awesome Oscillator, and signal alerts based on Bill Williams' Profitunity strategy. MFI and Awesome Oscillator According to the Market Facilitation Index Oscillator, the Squat bar is colored blue, all...
ICT Daily Bias helps us determine where the market is likely to go for the day. The ICT Daily Bias tool aids in forecasting the likely direction of the market for the day. It delineates the previous day's high and low levels, providing insights into potential price movements whether the market is expected to touch the previous day's high or low.
The Long Bar Highlighter is designed to detect long bars that exhibit significant price expansion beyond recent price levels. It highlights bars that exceed the length of the previous four bars, marking them for their potential importance in market movements. Additionally, the indicator plots directional shapes based on the closing prices, which helps traders...
The Sideway indicator for TradingView is a powerful tool designed to identify periods of sideways or ranging price action in the market. With its intuitive interface and customizable parameters, traders can easily spot when an asset is consolidating, providing valuable insights for both trend-following and range-bound strategies. This indicator utilizes really...
Title: Enhanced Candlestick Pattern Identifier with Body Ratio Analysis Description: This Pine Script, titled "Enhanced Candlestick Pattern Identifier with Body Ratio Analysis," is designed to aid traders in visualizing key candlestick formations that have significant implications for trend reversals and continuations. It uses the body ratio of candles to...
Dear Analysts and Traders, I want to introduce my new indicator - sVPSA - standardized Volume Price Spread Analysis. For me, this script is helpfully in Technical Analysis mainly with Wyckoff and VSA methodologies. Maybe You are in circle of people who used my previous script - normalized Volume Price Spread Analysis. I work with him a lot of time, but I come to...
This Pine Script indicator identifies and labels rally, base, and drop candles on your chart, aiding traders in recognizing key price action phases. Rally candles represent periods of upward price momentum, typically characterized by strong bullish movement. Base candles indicate consolidation or sideways movement, suggesting a temporary pause in the trend. Drop...
🔵 Introduction In "technical analysis", there are certain reversal patterns that alert us to a potential reversal of a stock's previous trajectory. Two significant patterns in this regard are the "Morning Star" pattern and the "Evening Star" pattern, which are formed by a combination of three different candlesticks and are considered as reversal patterns....
Heyo Fellas, thanks for checking out my new indicator. Introduction Wick % is a simple indicator to compare wick size with body size (mode 1) and to compare wick size with candle size (mode 2). Upper wicks are bullish when close is higher than open pricen. Lower wicks are bearish when close is lower than open price. Wick Theory In general, big wick and...
Ninja Trend V2 is best for swing, day trading and scalping using higher timeframe bias and executing in the lower timeframes. Uses MACD for the overall bias and paints a Heikin-Ashi chart. Settings: Firstly, go to chart settings, check (tick) the body, uncheck borders and wicks. Secondly, go to the script settings and input the following; Source ...