The script is a "Confluence Indicator with Fibonacci" designed to work on the TradingView platform. This indicator combines multiple technical analysis strategies to generate buy and sell signals based on user-defined confluence criteria. Here's a breakdown of its features: Confluence Criteria: Users can enable or disable various strategies like MACD, RSI,...
This code is declaring the script as an indicator named "GT-Fib" to be plotted on the main chart. The maximum number of lines it can create is limited to 500. The indicator calculates Fibo using trend breaks. If the trend is not broken and the old trend continues, Fibo continues. However, sometimes you will witness that it does not draw Fibo. Indicates that there...
█ Overview The Volatility Trend (Zeiierman) is an indicator designed to help traders identify and analyze market trends based on price volatility. By calculating a dynamic trend line and volatility-adjusted bands, the indicator provides visual cues to understand the current market direction, potential reversal points and volatility. █ How It Works The...
Shows two consecutive weekly Bitcoin drops of X% both indicating capitulation which may be relevant to crypto markets, risk-on/risk-off and possibly tech markets. Suggested usage: set the drop % and apply to weekly charts. Can be used on any chart, not just Bitcoin, but calculates indicator specifically for Bitcoin pricing. Can be used for entertainment or...
🔍 Overview: This indicator is a trader's tool used to generate long/short signals. These signals are crafted by customizing specific conditions set up by the trader, depending on their trading system. 🔑 Key Features: Signal Types: Generates both long and short signals. Custom Conditions: Users can define up to 10 conditions via SignalManager in order to...
👉The indicator provided here is a technical analysis indicator for TradingView users that identifies potential breakout and breakdown opportunities on the initial 30-minute range in every trading session. 👉The indicator high and low of the initial 30-minute period and plotting them as horizontal lines on the chart. The high is marked in green line and the low is...
Expected Moves The Expected Move of a security shows the amount that a stock is expected to rise or fall from its current market price based on its level of volatility or implied volatility. The expected move of a stock is usually measured with standard deviations. An Expected Move Range of 1 SD shows that price will be near the 1 SD range 68% of the time...
Choosing support and resistance can be time consuming and subjective. Personally, I don't want to spend too much time manually marking up charts. Credit to video I saw, forget the producer, that demonstrated how multi-time frame Bollinger Bands can act as support and resistance. I suggest reading up on Bollinger Bands (en.wikipedia.org) and how to trade them. ...
Credit: honeybadgermakesfunnymoney for this Open Source Script Published: This is a tool that will allow you to visualize Wick Hunter's calcation of VWAP. Wick Hunter uses this calcuation for its Liqudations Bots. There are four settings that you need to be configured to visualize your VWAP Band: Long VWAP - The distance from current VWAP price, in %, that...
This Script Introduces The Use Of The Gaussian Channel Concepts This indicator consists of three lines: a central line that represents the moving average, and an upper and lower band that represent the volatility of the price movements. The Gaussian channels is a concept consists of an upper & lower bands along with the basis; the mid band. The use of the...
This Indicator dynamically generates and displays on the chart Trend Channels with the pivot points it determines in each market and in each time period. The type of price used to determine the pivot points and create the channels is optional (e.g. close or high, low). It will help you identify your entry points and stop zones and help you take positions, but it...
What is Kijun Sen? Kijun-sen also means "base line" and is the mid-point of the 26-period high and low. Kijun-sen is typically used in conjunction with Tenkan-sen (conversion line) or (the 9-period midpoint price) to generate trade signals when they cross. Kijun-sen is typically used in conjunction with the other Ichimoku indicators. What is the Kijun Sen...
### Script Description #### BTC - Hotness Index This Pine Script, version 4, aims to generate a "Hotness Index" for Bitcoin (BTC) trading by utilizing a Pi Cycle Top Indicator. The script operates in a daily (`1D`) time frame and involves calculating two Simple Moving Averages (SMA) based on `close` prices: - 111-day SMA (`D_111SMA`) - 350-day SMA (`D_350SMA`)...
**L3 Six-color Divine Dragon** Indicator consists of red profit holders, yellow floating chips, and green trapped holders, along with their 10-day moving averages, totaling six colors, hence the name Six Color Dragon. The dynamic chips reflect the trading and movement of the main chips within a certain range. Purple represents the stock price entering the oversold...
**Strategy Description: Three Previous Candle Rolling Pivot Range** **Introduction:** This trading strategy is based on the concept of the rolling pivot range calculated from the high, low, and close prices of the three previous candles. The rolling pivot range serves as a dynamic support and resistance level, and this strategy aims to capture potential trading...
1. Channel Calculation: - The indicator calculates an upper channel ( `UpperBuffer` ) and a lower channel ( `LowerBuffer `) based on the input parameters `ChannelPeriod` . - The channels are determined by a dynamic calculation that considers the current price ( `src` ) and the previous values of the upper and lower channels (` aBuffer` and `bBuffer` ). ...
The "TMA Bands with Break Arrow" indicator, developed by ClearTradingMind, is designed to provide traders with insights into potential trend reversals based on the movement of price within a channel defined by the Triangular Moving Average (TMA) and its bands. The TMA is a smoothed moving average, and this indicator adds upper and lower bands to visualize...
The Predictive Channels indicator is a real-time estimate of a trend channel. The indicator returns 2 resistances, 2 supports, and an average line. 🔶 USAGE The Predictive Channels attempt to find a real-time estimate of an underlying linear trend in the price, the returned supports/resistances are constructed from this estimate. The area between the...