Choosing the Best Timeframe for Your Trading Strategy The ideal timeframe for your trading strategy depends on several factors, including your trading style, risk preferences, and the goals of your strategy. Here’s a guide to different timeframes and their applications: Timeframes and Their Uses: Short-Term Timeframes (e.g., 5-minute, 15-minute): Advantages:...
The Strat Candle State Table (Two Symbols) – Multi-Timeframe Analysis This advanced indicator is designed for traders who follow The Strat methodology, providing a quick, clear, and actionable view of candle states across two selected symbols and a chosen timeframe. It allows you to seamlessly integrate multi-symbol analysis into your trading, offering real-time...
This indicator is designed to better understand market dynamics by focusing on standard deviation and the Fibonacci sequence. This indicator includes the following components to assist investors in analyzing price movements: Weighted Moving Average (WMA) : The indicator creates a central band by utilizing the weighted moving average of standard deviation....
CREDITS: @TradingView (this script was adapted from the original) This indicator has the following options: 1) Can plot 2 Different Types/Timeframe Pivot Points at once. 2) Has The Option To Turn On/Off One Or Both Pivot Points. 3) Has The Option To Display History For Each Of The Pivot Points. 4) Can Change The Colors Of The Pivot Points. 5) Pivot Point 1 Label...
This script is a follow-up to my previous 60-day Cycle, Long-Only Indicator. The "Short-Only Cycle Indicator" is designed to help traders navigate optimal shorting opportunities by analyzing cyclical price behavior over a defined period. It focuses on recognizing distribution phases (ideal for shorting) and accumulation phases (where shorting should be avoided)....
Description of the Script **Script Name:** S&R Precision Cloud by Dr. Abhiram Sivprasad **Overview:** This script is designed to identify key support and resistance levels using the Central Pivot Range (CPR) methodology along with daily, weekly, and monthly pivots. It incorporates the Lagging Span from the Ichimoku Cloud to enhance decision-making in trading...
The concept of comparing the **Day Open** to the **Previous Day Close** is used frequently in technical analysis to gauge the sentiment or momentum at the start of a new trading day. ### Key Terms: - **Day Open**: The first traded price of an asset when the market opens for the day. - **Previous Day Close**: The last traded price of an asset when the market...
//@version=5 indicator("Daily Chart Strategy with Advanced Indicators", overlay=false) // Input Parameters for Indicators atrLength = input.int(14, title="ATR Length") superTrendFactor = input.float(3.0, title="SuperTrend Factor") superTrendPeriod = input.int(10, title="SuperTrend Period") hmaLength = input.int(21, title="Hull Moving Average...
Strategy Breakdown: Bollinger Bands: We enter long trades when the price touches or crosses the lower Bollinger Band (indicating potential oversold conditions). We enter short trades when the price touches or crosses the upper Bollinger Band (indicating potential overbought conditions). RSI Filter: For long trades, the RSI must be below 30 (indicating oversold...
2x ATR Horizontal Rays Indicator This script plots horizontal rays based on the 2x ATR (Average True Range) of the previous candle. It helps traders visualize key support and resistance levels by extending lines from the last candle's price, calculated with a 2x ATR multiplier. The indicator draws two lines: Upper ATR Line: Positioned above the previous candle’s...
Indicator Description: Equal Volume Candle Chart This indicator creates a real-time candlestick chart where each candle forms upon the completion of a specific volume threshold, rather than within fixed time intervals. The candles update dynamically based on the total volume traded, providing a unique perspective that incorporates market activity directly into...
The "Scalping Bollinger Bands - Buy/Sell Signals" indicator is designed for traders who practice scalping on short timeframes, such as 1-minute and 5-minute charts. This indicator helps identify potential trade entry and exit points by utilizing Bollinger Bands, a popular technical analysis tool. Buy Signal: Generated when the price crosses below the lower...
This Weekly Profiles indicator was built to overlay historical data to show how prior weeks of price action have unfolded under specified input conditions. When "Show Historical Weekly Profiles" is enabled, the indicator draws out how prior weeks have traded. This is done by tracking weekly price movements, measuring the percent change from each week's respective...
Hi all! This is a very simple indicator. It plots the high timeframe (configurable via the "Timeframe" setting) high/low current timeframe bars (that has the same high/low as the higher timeframe) as supply/demand. The higher timeframe bar that's chosen is the one that's next last. As of now one high and one low zone is plotted. The defaults are based on useful...
The Historical Swing High-Low Gann Indicator is a powerful tool designed to track and visualize key market swing points over time. This indicator identifies significant swing highs and lows within a specified time frame and draws connecting lines between these points, allowing traders to observe the natural ebb and flow of the market. What sets this indicator...
Overview The RSI Overlay Table script provides traders with a powerful tool to monitor the Relative Strength Index (RSI) across multiple tickers in real-time. This script enables users to keep track of up to 30 different assets simultaneously, displaying their RSI values in an easy-to-read table format directly on the chart. It helps traders identify overbought...
Description: This custom Pine Script indicator is designed to help traders identify optimal buy signals using a combination of multiple technical indicators. It provides visual markers for entry points, take profit levels, and stop loss, offering a comprehensive tool for decision-making. Features: Buy Signal: Generates a buy signal based on a combination of...
Library "Waves" Methods for elliot wave detection method delete(this) deletes the subwave drawing Namespace types: Subwave Parameters: this (Subwave) : Subwave object to be deleted Returns: deleted subwave object method delete(this) deletes the wave drawing and the corresponding subwaves Namespace types: Wave Parameters: this...