This indicator can visually show the divergences on the chart – i.e. a divergence between price action and the momentum. So for example, when price makes a new low and the momentum does not make a new low, this is often a “bullish” divergence – indicating that the force of the downtrend could be weakening. Similarly, when the price makes a new high but the...
This indicator can visually show the divergences on the chart – i.e. a divergence between price action and the momentum. So for example, when price makes a new low and the momentum does not make a new low, this is often a “bullish” divergence – indicating that the force of the downtrend could be weakening. Similarly, when the price makes a new high but the...
This is part 7 of 11 in the system named Ninetales/Volt V2 you can find on Tradingview. Add custom values to backtest, it will return the most accurate of them.
This merges Volatility Stop & its MTF version both published by u/TradingView . Background is colored green or red when both the current timeframe Vstop and higher timeframe Vstop point in same direction. Aim is to take the standard Vstop script which differentiates market from only uptrend/downtrend to uptrend/downtrend/sideways. There is a tradeoff with this,...
This is part 3 of 11 in the system named Ninetales/Volt V2 you can find on Tradingview. It simply measures all of the combinations of the defined parameters for Bollinger Bands, and returns the most logically accurate values. Use it however you would use standard Bollinger Bands, just add your preferred values to test against each other, and set the period you...
We know the volatility has some autocorrelation with yesterday's value. So we could to guess the daily volatility for the next trading day.
This HV/IV indicator helps you to select an opt Option Strategy. It creates 5 areas & each area defines the present status of the option premium, which varies from Very Low to Very High. From the bottom, (Option Premium is) Area 1. Very Low Area 2. Low Area 3. Fair Area 4. High Area 5. Very High Find which area, current Implied Volatility (User Input) belongs in...
indicators shows price levels of last 14days high-low range on the chart.
This is the part 3 of Rain On Me PRO. It follow my two other indicators "Rain On Me" and "Rain On Me V2". This version is called "PRO" because it is less "user-friendly" than the two previous versions. But it is more faster, and cleaner than ever! This indicator is separated into 3 parts. You can find all parts into my profile in the « Scripts » section. Once the...
This is the part 1 of Rain On Me PRO. It follow my two other indicators "Rain On Me" and "Rain On Me V2". This version is called "PRO" because it is less "user-friendly" than the two previous versions. But it is more faster, and cleaner than ever! This indicator is separated into 3 parts. You can find all parts into my profile in the « Scripts » section. Once the...
Simple Keltner Indicator with a custom alert. The alert should ring when any Band has the price crossing.
Hello everyone, This is the first script I publish, also my English is not the best my apologies. This simple study script is an attempt to estimate the slippage during a trade. By no means it is a precise calculation, it is just an approach that can be improved. You are welcome to take this simple script and use it and change it at your convenience just ask...
By combining the true strength of the Nasdaq (NDX) and S&P500 (SPY) we can then compare that against the volatility /fear index (VIX). The true strength of the Volatility Index (VIX) is shown by the red area and the Nasdaq (NDX) and S&P500 (SPY) by the silver/teal areas. The yellow EMA line shows the average difference between the VIX and the NDX/SPY indexes....
This script comprises of three separate indicators to give an improved view; a redesign of the Supertrend indicator to identify up/down trend and changes the background colour to red or green accordingly. This is then overlayed with the Mother of Adaptive Moving averages by John Ehlers (MAMA) which adapts to price movement in an entirely new and unique way. The...
Hello Traders, This is " Smoothed Candles " script to get rid of noises and to get a smoothed chart to figure out breakouts and price movements easily. There are three scaling methods: User Defined, Dynamic (ATR) and Percentage Optionally you can add 2 Simple Moving Averages and 2 Exponential Moving Averages Optionally you can hide the Wicks, example: You...
Displays narrow range candles.Can adjust the input value to any period to look back.Ideal to use in daily and weekly time frame. Look out for clusters of NR candles depicting volatility contraction, and subsequent volatility expansion can be look forward to. The code is written by Rounak ST of Trade with trend.
This is a slightly modified Keltner Channel with 100/200 EMAs. Based on mean reversion theory that price will be more and more difficult to maintain it's direction the farther it gets from the EMAs. It uses the security feature to only show the 1D channel.