The VWAP (Volume Weighted Average Price) Deviation tool is a robust resource crafted for traders seeking to dissect the interplay between price movements and trading volume. By analyzing deviations around the VWAP, this tool empowers users to pinpoint crucial support and resistance thresholds, aiding in more informed trading decisions. Operating on a chosen data...
Indicator draws several most important intraday levels: last day RTH high/low, ETH high/low, Half Back, Day Close and current day RTH Day Open. These levels often act as support/resistance for intraday price movements. Also, they can help to assess day character and control of power. Indicator can be used for ETH + RTH sessions. Important notes: • User must...
▋ INTRODUCTION : The “ATR Levels” produces a sequence of horizontal line levels above and below the Center Line (reference level). They are sized based on the instrument's volatility, representing the average historical price movement on a selected higher timeframe using the average true range (ATR) indicator. _______________________ ▋ OVERVIEW: ...
█ Overview The Optimal Buy Day (Zeiierman) indicator identifies optimal buying days based on historical price data, starting from a user-defined year. It simulates investing a fixed initial capital and making regular monthly contributions. The unique aspect of this indicator involves comparing systematic investment on specific days of the month against a...
█ Overview The Day/Week/Month Metrics (Zeiierman) indicator is a powerful tool for traders looking to incorporate historical performance into their trading strategy. It computes statistical metrics related to the performance of a trading instrument on different time scales: daily, weekly, and monthly. Breaking down the performance into daily, weekly, and...
This indicator allows you to track in real time the change in the spread (the difference in the exchange rate) between two assets. How does the indicator work? In the indicator settings menu, the user selects two trading pairs, for example BTCUSDT on the Binance exchange and BTCUSDT on the Bybit exchange, after which the script will receive prices from both...
Improved MACD with labels on histogram and color change feature on signal line. Labels on histogram help gauge how strong the change is rather than visually comparing heights. example: "histogram just put in its first rising candle, but its only rising by 0.01 therefore i should be suspicious of it and possibly wait for a second rising candle for further...
- The script calculates the high and low ranges based on the specified session time, such as the Asia Liquidity session. - It uses the timeinrange function to determine if the current bar is within the specified session. - High and low values are updated based on whether the current high or low surpasses the previous values within the specified session. - The...
Introduction: Opening Range & Prior Day High/Low indicator is an easy to use day traders tool. This indicator automatically plots the previous days high and low, as well as drawing a box from the opening range that the user specifies in the settings. These two together can help provide an indication of market sentiment and price trends for the day. They are...
An Insight into Structure Mapping and Order Block Identification with Smart Money Concepts Introduction: Structure Mapping & Demands and Supplies Premium serves as a fundamental pillar in the realm of Smart Money Concepts . This indicator adeptly charts the market structure based on a refined version of SMC while identifying Order Blocks. All the concepts...
This indicator provided here is for identifying swing-based support and resistance levels. It uses two swing lengths, which can be adjusted by the user, to identify swings in the price data. For each swing length, the script calculates the support level as the low of the swing if the trend is up, or the high of the swing if the trend is down. It then plots the...
For day traders, establishing a trend at the start of the day is critically important for setting targets and entering positions. This can be difficult when traditional moving averages lag from previous days, causing late entry and/or incorrect trend interpretation. The Day Trader's Anchored MA indicator plots three dynamic moving averages which restart on each...
This script produce a volatility histrogram by bar with the current volatility overlayed. The histogram shows cumulative average volatility over n days. And the dots are todays cumulative volatility. In other words, it calculates the True Range of each bar and adds it to todays value. This script is build for intraday timeframes between one and 1440 minutes...
LNL Trend System is an ATR based day trading system specifically designed for intra-day traders and scalpers. The System works on any chart time frame & can be applied to any market. The study consist of two components - the Trend Line and the Stop Line. Trend System is based on a special ATR calculation that is achieved by combining the previous values of the 13...
A common problem experienced by short term traders using DMI/ADX is that the session breaks results in carry-over effects from the prior session. For example, a large gap up would result in a positive DMI, even though momentum is clearly negative. Note the extremely different results in the morning session, when the gap is reversed. The DMI-FLEX algoritm...
High of Day (HoD) & Low of Day (LoD) hourly timings: Statistics. Time of day % likelihood for high and low. //Purpose: To collect stats on the hourly occurrences of HoD and LoD in an asset, to see which times of day price is more likely to form its highest and lowest prices. //How it works: Each day, HoD and LoD are calculated and placed in hourly 'buckets'...
Overview The Pro Scalper indicator is a powerful day trading tool designed specifically for the 30-minute timeframe, catering to stock and cryptocurrency markets. It provides traders with buy and sell signals, dynamic overbought/oversold zones, and reversal signal indicators. By combining a Kalman-adapted Supertrend calculation for buy and sell signals, and VWMA...
The strategy combines three indicators: Exponential Moving Average (EMA), Weighted Moving Average (WMA), and Average Directional Index (ADX). The EMA and WMA are used to track the average price over different time periods. The ADX measures the strength of a trend in the market. The strategy generates buy signals when the EMA is higher than the WMA and the ADX...