This indicator is meant for education and experimental purposes only. Many Market Structure Script out there isn't open-sourced and some could be complicated to understand to modify the code. Hence, I published this code to make life easier for beginner programmer like me to modify the code to fit their custom indicator. As I am not a expert or pro in coding...
plots randomly generated price (closing basis) from LHS of the chart. Re-plots each time you scroll -just a curiosity really; perhaps a lesson in seeing patterns where there are none; 'fooled by randomness' etc. -always anchors/starts from the real close of the asset on the visible Left hand side of the chart. -adjust ATR as you like (bigger = probably more...
Pin candles are a variation of hammer candles that are useful in technical analysis . In particular, when combined with volume profile studies, they can be a powerful set up for long entries or other decision making. For example, when looking at volume profiles, a long entry would be a fair value area (i.e. 40%) below the close of a pin candle. When combined with...
█ Overview The 2B reversal pattern , also called the "spring pattern", is a popular chart pattern professional traders use to identify potential trend reversals. It occurs when the price appears to be breaking down or up and then suddenly bounces back up/down, forming a "spring" or "false breakout" pattern. This pattern indicates that the trend is losing...
Inspired by the indicator DR/IDR V1 from TheMas7er www.tradingview.com I programmed this variant myself. I have observed that the trading times RDR (Regular Daytime), ADR (Afternoon Daytime) and ODR (Overnight Daytime) can be reasonably averaged. This average then serves as a support and resistance line in the subsequent Lines Time. If the Close value falls below...
ICT Imbalances focuses on highlighting the imbalances described by ICT Se imbalances usually act as a price magnet where price tend to revisit to mitigate the imbalance and can act as support and resistance. It is important to understand that, while they do act as price magnet, they are not all places for entries. What they do provide, is a price understanding...
🏛️ History & Credit IBD Power Trend is an indicator created by TintinTrading inspired by the Investor's Business Daily and William O'Neil's investment philosophy. It is part of the Market School methodology.. It's built on the principle that the market's Power Trend is the best time to get aggressive. 💪 What it does IBD Power Trend helps traders identify...
This script identifies chart patterns: Cup and Handle. At the same time, it identifies not only these classical patterns, but even a wider range of similar reverse figures . It has many useful settings: -- You can choose by which pivots you want to identify patterns - by the edges of wicks (tails, shadows), or by the edges of candle bodies. -- You can set the...
What this Indicator Does This indicator helps the trader locate expansion and contraction areas in an easy visual way. When the asset moves from a contraction phase into an expansion phase, the bars change color (customizable). This allows the trader to recognize areas of contraction and avoid trading them. Once a Bar Range moves outside of the average range as...
SMT Divergence indicator will track your main symbol on the chart against other one you set, for example you can use it on S&P 500 chart while you set there to track and compare it with Nasdaq, it will search for divergence between them, according to swing points, and print it on the chart for you. There is option to set custom swing points period, colors, lines,...
-Shows the gap between 4pm close and 9:30am open; the Regular trading hours Vs Electronic trading hours Gap (RTH vs ETH). -Displays this as a box starting at 9:30am, whose bottom is the 9:30am open; top is previous day's 4pm close. -Displays when chart is toggled to either of ETH or RTH. -Useful reminder of area above/below opening bell price that price often has...
Sentiment winner is an indicator made by trader for trader. This indicator made for high volume index and highly traded forex pair. Special thanks to tradingview for providing such a beautiful platform to build indicators. Though this indicator looks like having candlesticks, well they are not, they are just some visualization. The logic behind sentiment winner...
Thank you to Hendrik Fuchs who coded this for me - I highly recommend you... The AUDUSD/EURUSD has a negative correlation with the DXY as does the GBPJPY/USDJPY have with the JPYX. This indicator is very simple and uses opposite candle pinbars (pinbar/doji structure can be set by you) of the two instruments on the chart whilst the stochastic RSI should be above...
This is an experimental candlestick pattern that combines pinbars and engulfing patterns as my own implementation. These signals can be used as a possible reversal points based on timeframe used or set wick size. Of course these signals should never be used on their own but rather can be used as another confluence of possible entry signal. Functional and Manual...
Smart Money Technique ( SMT ) Divergence is meant to annotate divergences between closely correlated assets. This indicator works by finding local lows and highs for both the current chart symbol and the symbol defined in the settings. It compares both symbols' pivots and evaluates whether they indicate a valid divergence (based on where they're located, whether...
Here is an another outcome of Object Oriented Zigzag and Pattern Ecosystem of Libraries. We already have another implementation of recursive zigzag which makes use of earlier library rzigzag . Here in this example, we make use of similar logic but leverage the new type and method based Zigzag system libraries to derive the indicator. 🎲 Design Overview ...
––––History & Credit–––– 📚 Credit: This script is inspired by Mark Minervini's book, "Trade Like a Stock Market Wizard". The book is a must-read for any stock trader or investor, and it's where the idea for this indicator came from. –––––What it does–––– 💡 What it does: The Minervini's Stock Under Pressure Indicator is a powerful tool for stock traders and...
-Plots price legs based on two user input lookback numbers. Smaller number for small legs, larger number for large legs. -Plots Fib projections of these price legs, above and below; User can input four independent fib levels or standard deviation levels ## User Inputs ## ~Show visible chart only; Show price leg labels (time and price); show small legs (fibs...