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...
The Psychological Support/Resistance indicator aims to provide the user with hypothetical support and resistance zones that are likely to provoke a strong reaction in price, either in both directions, providing good bouncing zones or significant movements once those levels are breached. 🔶 CALCULATION The script takes into consideration the total number of...
Description: A strategy based on ATR with auto-backtesting capabilities, Take Profit and Stop Loss (either Normal or Trailing). It allows you to select ranges of values and step for each parameter, and backtest the strategy on a multitude of input combinations at once. You can alternatively use a constant value for each parameter. The backtesting results strive...
This indicator plots VWAPs anchored to each day of the week. VWAPs are considered "fair price" for both sellers and buyers and it's often times where the liquidity is found. From my trading I noticed how often times price likes to come back to the daily VWAP from the previous week, especially at the beginning and end of each week. For example, if we enter a long...
This indicator plots the opening range for each of the market sessions. Users can chose the length of the opening range, as well as change the time for each of the sessions. This script is based on opening range breakout strategies, which entail taking a long/short depending on which way the price breaks out. To trade it, we wait for the session opening range to...
A regular trading day on the New York Stock Exchange (NYSE) consists of two main sessions: the Opening Auction and the Closing Auction, separated by a continuous trading session. Here's a breakdown of the trading day: 1. **Pre-Opening Session**: This session starts at 4:00 AM Eastern Time (ET) and lasts until 9:30 AM ET. During this time, there is limited trading...
Library "two_ma_logic" The core logic for the two moving average strategy that is used as an example for the internal logic of the "Template Trailing Strategy" and the "Two MA Signal Indicator" ma(source, maType, length) ma - Calculate the moving average of the given source for the given length and type of the average Parameters: source (float) : -...
Library "tts_convention" This library can convert the start, end, cancel start, cancel end deal conditions that are used in the "Template Trailing Strategy" script into a signal value and vice versa. The "two channels mod div" convention is unsed internaly and the signal value can be composed/decomposed into two channels that contain the afforementioned...
The "Percentile Based Trend Strength" (PBTS) calculates trend strength based on percentile values of high and low prices for various length periods and then identifies the current trend as either Bullish, Bearish, or N/A (No Trend). Here's a step-by-step explanation of the code: Percentile Calculations: For each specified length period (13, 21, 34, 55, 89, and...
This script can be useful in case of analyzing the impact of US presidential election on the past market. It has separated settings for showing Inauguration and Election labels.
If you use volume profile for analyzing Bitcoin, you may know that sometimes the decisions of big CEXs like Binance can change the volume of each symbol and so the analysis perceived from the data (which may not be valid anymore); Like when Binance decided to transfer the free transaction fee promotion from BTCUSDT to BTCTUSD pair or the new introduced BTCFDUSD...
In this script: We continue to calculate the bullish engulfing condition for monthly candlesticks (engulfingConditionM) as before. We then create two variables (engulfingConditionY and lastYear) to calculate the yearly engulfing condition. We use an if statement to check if the year has changed compared to the previous bar. If it has, we update the...
If you use volume profile, then you might have countered wanting to know a segment of the chart's volume profile relative to the whole volume profile. This indicator tries to solve that problem. When you add it to the chart, first it asks you the start and end point of the segment you want, then it draws the whole chart's volume profile and shows the selected...
The volatility indicator (Volatility) is used to measure the magnitude and instability of price changes in financial markets or a specific asset. This thing is usually used to assess how risky the market is. The higher the volatility, the greater the fluctuation in asset prices, but brother, the risk is also relatively high! Here are some related terms and...
Indicator based on Color Candles - Didi's Needles setup , but now exclusively focused on generating alerts. With this indicator, you can set up alerts and notifications on TradingView for up to 15 assets based on Didi Aguiar's setup. Additionally, you can specify whether the alert should trigger at the candle close or X minutes before the close. A session...
Hey there! I previously wrote an article about the Larry Williams ViX Fix technical indicator. Soon after, friends from the TradingView community told me that this indicator could be combined with the Risk Assessment indicator I wrote about earlier to determine when to go long or short. At the time, I found it a bit cumbersome to use both indicators together, so I...
ENG) Trend_Osilator_beta Introduction) This is an indicator that analyzes and displays trends. By taking the form of an oscillator, upper and lower limits are established, which limits the unlimited range that can appear on the chart. Through oscillatorization, you can find overbought, oversold, and current trend areas. This version is a beta version, so...
Concept behind this Strategy : Considering a normal "buy/sell" situation, an asset would be bought in average at the median price following a Gaussian like concept. A higher or lower average trend would significate that the current perceived value is respectively higher or lower than the current median price, which mean that the buyers are evaluating the price...