Median of Means (MoM) is a measure of central tendency like mean (average) and median. However, it could be a better and robust estimator of central tendency when the data is not normal, asymmetric, have fat tails (like stock price data) and have outliers. The MoM can be used as a robust trend following tool and in other derived indicators. Median of means (MoM)...
Some traders calculate using percentages when trading. The original ATR indicator calculates using price movements, so it differs for each stock. To avoid this, I changed the ATR indicator to show price movement as a percentage. The red line is the percentage value of the volatility of the original ATR indicator. The white line is 1.6 times the original indicator....
This indicator will help you calculate your position. This will automatically calculate potential liquidation price and select leverage for your stop loss and risk size. How to use it: 1. Select position direction. (long checkmark - selected if it's long) 2. Select entry. If you want to use custom entry price select checkmark and set value. (Current price is...
All abilities of Supertrend, moreover : Drawing 4 EMA band & the ability to change values, change colors, turn on/off show. Sends Signal Sell and Buy in multi timeframe. The ability used in the alert section and create customized alerts. To receive valid alerts the replay section , the timeframe of the chart must be the same as the timeframe of the...
All abilities of Stochastic RSI, moreover : Drawing upper band and lower band & the ability to change values, change colors, turn on/off show. Crossing K line and D line in multi timeframe & there are symbols (Circles) with green color (Buy) and red color (Sell) & the ability to change colors, turn on/off show. Crossing K line and D line in multi timeframe...
All abilities of MACD, moreover : Drawing upper band and lower band & the ability to change values, change colors, turn on/off show. Crossing MACD line and SIGNAL line in multi timeframe & there are symbols (Circles) with green color (Buy) and red color (Sell) & the ability to change colors, turn on/off show. Crossing MACD line and SIGNAL line in multi timeframe...
MTF - Zigzag + Tech Indicators At high level the indicator can be a useful tool while analyzing the charts. It marks swing points (Zigzag) on 3 different timeframes along with capability to view key technical indicator values at each of the swing point. Normally Zaizag indicators are useful for identifying primary trend and retracements. Zigzags also help in...
This tool allows you to quickly identify the macro and micro trend's direction and enter and exit position at a more favorable price. When the pink lines are angled up you should look for a long position and enter only when the candles are colored green. And when the pink lines are angled down you should look for a short position and enter only when the candles...
Key Components : 📍 Natural Logarithm Function : The script starts by employing a custom Taylor Series approximation for natural logarithms. This function serves to calculate entropy with higher accuracy than conventional methods, laying the foundation for further calculations. 📍 Entropy Calculation : The core of this indicator is its entropy function. It employs...
This indicator is designed to visually represent different trading sessions on a price chart, highlighting candlestick colors to distinguish between bullish (upward movement) and bearish (downward movement) trends during various market sessions. Here's an overview of how the indicator works: 1. Session Definition: The indicator defines four distinct trading...
This is a CPR which indicates pivot points based on monthly price action. The Orange line acts as a resistance area, blue lines act as pivot point/CPR and green one is support. One can study retrospective chart to analyse how market has respected these Support and Resistance levels. A guide on how to trade using this indicator? 1. If you see the resistance is...
A breakout long signal is generated when the current high crosses above the previous mother bar's high, and it's an inside bar. A breakdown short signal is generated when the current low crosses below the previous mother bar's low, and it's an inside bar. The script plots triangle shapes below breakout long signals and above breakdown short signals. Alert...
Paytience Distribution Indicator User Guide Overview: The Paytience Distribution indicator is designed to visualize the distribution of any chosen data source. By default, it visualizes the distribution of a built-in Relative Strength Index (RSI). This guide provides details on its functionality and settings. Distribution Explanation: A distribution in...
Time Session Filter in TradingView Strategy: A Comprehensive Guide Welcome to this educational TradingView blog where we dive deep into the functionality and utility of the time session filter in trading strategies. It's interesting to note that the time session filter is a commonly overlooked feature in Pine Script, often not integrated into overall trading...
Equity Trade Risk Manager is a simple indicator that helps you protect your portfolio by going into each trade risk first ! Equity Trade Risk Manager does this by calculating your ideal position size or ideal stop loss based on your account size, purchase price and risk tolerance. This ensures you are never risking more than your predetermined amount on each...
This Script showing Levels determined by previous day data. and its open for educational purpose.
This script calculates both Bollinger Bands and Keltner Channels on a 5-minute chart. It identifies IV squeeze conditions when the lower Bollinger Band is above the lower Keltner Channel and the upper Bollinger Band is below the upper Keltner Channel. When a squeeze is detected, it plots a red triangle below the chart bars and alerts you with a message. Please...
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