Management The Price Deviation Indicator (PDI) was developed by "DimArt". This indicator allows you to determine the percentage deviation of the price from its average value over a certain period of time. The larger the deviation, the higher the histogram on the indicator chart. The PDI indicator can be useful for identifying a trend reversal in combination with...
Zigzag Indicator with Trend-based Color Coding and Info Table This indicator is forked from Trendoscope's Recursive Zigzag The Zigzag Indicator with Trend-based Color Coding and Info Table is a powerful tool for technical analysis, designed to help you identify significant price swings, visualize trends, and analyze pivot points with ease. This advanced...
Introducing a new indicator for the TradingView community based on the MACD indicator! This innovative tool goes beyond traditional MACD signals by analyzing positive and negative waves to determine the average height of the waves to filter false cross-over or cross-under signals during the sideways market. There are two types of waves created by the MACD line,...
The Enhanced WaveTrend Oscillator is a modified version of the original WaveTrend. The WaveTrend indicator is a popular technical analysis tool used to identify overbought and oversold conditions in the market and generate trading signals. The enhanced version addresses certain limitations of the original indicator and introduces additional features for improved...
⬛️ Overview Lune Oscillator is an advanced and innovative TradingView indicator designed to enhance your market analysis. Rather than merely improving visuals or merging traditional indicators, it introduces a series of unique features, each with its unique value proposition. This script stands out due to its originality, and the significant utility it brings to...
Inspired by Ricardo Santos's " Multiple Moving Average Candle System V0" () This script plots 6 moving averages using the plotcandle function rather than the normal plot function. Result is a stylish indicator that shows moving average crossovers in a more visual way. Moving average type options available are , or Simple, Exponential, Hull, Relative, Volume...
Hello friends, this is the second time I am publishing this script, hopefully the description will be sufficient and you can use it reliably. Script Description: The script consists of several indicators and generates buy and sell signals based on their calculations. Here's a breakdown of the functions and indicators used in the script: Moving Average...
With immense help from ©SimpleCryptoLife who reimagined this script for me, and to ©mmoiwgg and ©ocaptain who's ideas led to this updated version 5. This indicator is fairly straight-forward and visually appealing because you get a running zig zag price, price % change with an added bonus - RSI. However you won't find zig zag lines but the script reacts the same...
ChanLun, also known as Entanglement Theory or "缠论", is a highly regarded technical analysis methodology that originated in China. Since its introduction in 2006, ChanLun has rapidly gained significant attention and a strong following within the Chinese trader community due to its exceptional ability to navigate complex market dynamics. ChanLun places great...
"Hello, first of all, I believe that the most important levels to look at are the weekly Fibonacci levels. I have planned an indicator that automatically calculates this. It models a range based on the weekly opening, high, and low prices, which is well-detailed and clear in my scans. I hope it will be beneficial for everyone. ***The logic of the...
This Pine Script is a simplified trading algorithm designed to detect and signal potential buying and selling points based on the WaveTrend Oscillator and the volume traded. Inputs and Setup: The script initiates by defining key parameters: 'Wave Channel Length' (n1) set at 9 and 'Wave Average Length' (n2) set at 12. It also establishes a 'Volume Multiplier' (set...
This is an expansion from my Discrete Fourier Transform Overlay indicator which offers various features that may be useful for traders wishing to apply frequency analysis or integral transform to their trading. For those unfamiliar with the concept, the discrete Fourier transform decomposes wave or wave-like data into functions depending on frequency. This can be...
Earlier we created an interactive script to study Motive Waves by manually selecting the wave patterns on the chart. You can find the open source script here: In this indicator, we will try to do it automatically. Hence, you don't need to draw the waves manually to check anymore. The indicator will do it for you. 🎲 Conditions for Motive Wave Rules for Motive...
Here is an interactive tool that can be used for learning a bit about Elliott Waves 🎲 How it works? The script upon load asks users to enter 6 pivots in an order. Once all 6 pivots are selected on the interactive chart, the script will calculate if the structure is a valid motive wave. When you load the script, you will see a prompt on the chart to select points...
The discrete Fourier transform (DFT) overlay uses a discrete Fourier transform algorithm to identify trend direction. This is a simpler interpretation that only uses the magnitude of the first frequency component obtained from the DFT algorithm, but can be useful for visualization purposes. I haven't seen many Fourier scripts on TradingView that actually have the...
The DB ZEMA indicator is a no repaint indicator that is designed to local trends and local tops/bottoms. Since the indicator does not repaint, decisions can be made upon bar/period OPEN. That means, when the indicator turns red indicating a market top is finished, then a decision can be made to close at the OPEN of that period. Likewise, when the indicator turns...
Title : "The Dual-Dynamic Fibonacci Retracement Script: An Advanced Tool for Comprehensive Market Analysis" As the author of the "Dual-Dynamic Fibonacci Retracement Script", I am delighted to introduce you to this cutting-edge tool for technical analysis. Unlike conventional Fibonacci scripts, this advanced model incorporates multiple unique features and...
█ Overview The SuperBollingerTrend indicator is a combination of two popular technical analysis tools, Bollinger Bands, and SuperTrend. By fusing these two indicators, SuperBollingerTrend aims to provide traders with a more comprehensive view of the market, accounting for both volatility and trend direction. By combining trend identification with volatility...