Horizontal line for previous daily, weekly or monthly high.
By default :
Green Label - previous 1 day high
Yellow Label - previous 1 week high
Red Label - previous 1 month high
Each number and color can be change in setting.
Fit a line at successive intervals, where the interval period is determined by a user-selected time frame, this allows the user to have an estimate of the intrinsic trend within various intervals.
Timeframe : Determine the period of the interval, if the timeframe is weekly then a new line will be fit at the start each weeks, by default "Daily"
Plot a linear regression channel through the last length closing prices, with the possibility to use another source as input. The line is fit by using linear combinations between the WMA and SMA thus providing both an interesting and efficient method. The results are the same as the one provided by the built-in linear regression, only the computation differ.
EMA with Fibonacci Numbers, I have developed this system for finding trend , support and resistance in lower time frame and higher time frame.
If Candles closes below at least 4 Fibonacci line then trend is down if Candles closes are above minimum 4 Fibonacci line the trend is up.
Fibonacci line act as support for Uptrend market similarly same lines act as...
I decided to republish this one without the trend filter and with all the major symbols active. This will allow for all the patterns to show up.
Due to 15 different candlestick formations in this one script, it will be difficult to turn off the last few due to screen size. You can turn off individual patterns on the settings screen.
I have everything spelled out...
once again, I want to show you a different method for detecting support and resistance level. Today's approach is similar to the one I posted recently, but the way the level will be detected is different. I call it the multi-timeframe standard deviation level.
How does it work?
The method is similar to the way Bollinger Bands work. First, the...
This indicator is based on Bill Williams` recommendations from his book
"New Trading Dimensions". We recommend this book to you as most useful reading.
The wisdom, technical expertise, and skillful teaching style of Williams make
it a truly revolutionary-level source. A must-have new book for stock and
The 1st 2...
Lines are the most widely used figures in technical analysis, this is due to the linear trends that some securities posses (daily log SP500 for example), support and resistances are also responsible for the uses of lines, basically linear support and resistances are made with the assumption that the line connecting two local maximas or minimas will...
This will place circles on your chart for the opening daily price. If price is above, the circles are green. If price is below, the circles are red. I wanted to be able to see the opening price a bit easier while in smaller time frames.
I decided to add the previous daily closing line to the original script. Basically looking for good support / resistance
this script shows monthly, weekly and daily OHLC data represented as horizontal level.
I tried to make it as user-friendly as possible. Therefore, you can add different colors and styles for each level, as well as turn them on and off.
With the "Label Offset" -parameter you are in control where the label text should appear. You can shift it from left...
I already made an indicator (simple line) that tried to make lines on price such that the results would not repaint and give a good fit to the price, today i publish a channels indicator based on the simple line indicator. The indicator aim to show possible support and resistance levels when the central line posses a low sum of squares with the...
As TV doesn't provide a function to draw lines between points, I wrote a function to do this in one my own indicators.
The function itself however can be applied/modified for different use cases, eg. drawing trendlines.
In this (proof of concept) example I used it to draw lines based on past high/low pivot points.
The inputs required:
* an INPUT...
This is an alternate version of "Sweetspot Gold R4" that does not use sublevels. Removing the sublevels allows more efficient use of the plots (TV script has a limit of 64 plot calls).
This works well for all currency pairs I've tested, most commodities, and most stocks.
The indicator plots the so called "round price levels" or "00" levels. For example,...
Making lines is great in technical analysis since it can highlights principal movements and make the analysis of the price easier when using certain methodologies (Elliott Waves, patterns).
However most of the indicators making lines (Zig-Zag, simple linear regression) are non causal (repaint), this is the challenge i tried to overcome, making an...
Based on my latest script "Linear Channels"
This is a trailing stop version of the linear channels. Thanks to capissimo for helping me fix several issues with the linear extrapolation part.
In order to know how the indicator work i recommend reading the post on the Linear Channels indicator here