Indicator Explanation The indicator identifies bullish and bearish engulfing patterns and plots Fibonacci levels based on these patterns. Here's a detailed explanation of the script: 1. Bullish Engulfing Pattern A bullish engulfing pattern is identified when: - The previous candle is bearish (`close < open `). - The current candle is bullish (`close >...
Indicator Name: Asian Range Indicator Description: This TradingView indicator is designed to accurately detect the price range during the Asian session, based on our trading strategy. This range is crucial for planning trades in the European and American sessions. Using advanced algorithms, the indicator automatically identifies and plots the highs and lows...
This indicator identifies days where the number of new 52-week lows for all issues exceeds a user-defined threshold (default 4%), potentially signaling a market downturn. The background of the chart turns red on such days, providing a visual alert to traders following the "Bloodbath Sidestepping" strategy. Based on: "THE RIPPLE EFFECT OF DAILY NEW LOWS," By Ralph...
Originally made by Linda Raschke, The S310ROC Indicator combines the Rate of Change (ROC) indicator with the 3-10 Oscillator (Modified MACD) and plots to capture rapid price movements and gauge market momentum. - Rate of Change (ROC): This component of the indicator measures the percentage change in price over a specified short interval, which can be set by the...
A basic Indicator, meant to delineate Specific ICT reference open times To be used with any ICT model that accounts for such, Time zone is set to the default UTC-4, New York Eastern Time, and all open times can be adjusted manually to the user's liking. Also displays labels for days of the week that can be positioned at the top or bottom of the chart
Support and resistance are fundamental concepts in technical analysis used to identify price levels on charts that act as barriers, preventing the price of an asset from getting pushed in a certain direction. Here’s a detailed description of each and how breakout strategies are typically used: Support Support is a price level where a downtrend can be expected to...
Hey people! Thanks for using Expansion Candles. I designed this tool to help me identify price runs (expansions) based on consecutive bullish or bearish candle closes and then trade continuations on the lower timeframes. Here's what makes it awesome: How Does It Work? An “expansion” is confirmed after multiple closes above the previous candle’s high (in the...
■About this indicator This indicator divides the selected stocks by any stocks you specify and plots the result in a new pane. At the same time, it plots the GMMA against the result of the division. This allows you to see the relative chart and trend of the selected stock and the arbitrary stock. Quote Symbol: Specify the denominator of the division. The default...
█ OVERVIEW The Fibonacci Period Range Indicator is a powerful trading tool that draws levels of support and resistance that are based on key Fibonacci levels. The script will identify the high and low of a range that is specified by the user, then draw several levels of support and resistance based on Fibonacci levels. The script will also draw extension levels...
Smart Market Structure and Swing Points, Version 1.0 Overview The Smart Market Structure and Swing Points script is designed to provide advanced insights into market structure and key swing points. This script helps identify important highs and lows, trend direction changes (structure breaks), and swing points, enhancing decision-making for both...
This indicator is a visually improved version of ADX. It makes it much easier to see what's happening by simplifying those confusing, intersecting lines. With this, you can detect the ADX direction more clearly. All the features are also explained in the tooltips of the input fields. Some extra features are included, such as average top and bottom calculation and...
How this indicator works : 1. Setup and Inputs: The script sets up user inputs for various parameters such as pivot period (prd), pivot source (ppsrc), maximum channel width (ChannelW), maximum number of support/resistance levels (maxnumsr), minimum strength (min_strength), label location (labelloc), line style (linestyle), and line width (linewidth).Colors for...
Precise Gap Finder This indicator identifies Fair Value Gaps (FVGs) in price action and it is perfect for traders looking to exploit price imbalances and capitalize on trading opportunities. How It Works: The Precise Gap Finder detects Fair Value Gaps by analyzing three consecutive candles. A gap is identified when the middle candle’s price range (open to...
Overview This script is designed to generate trading signals based on the Supertrend indicator, a popular technical analysis tool. The Supertrend indicator is used to identify the direction of the market trend and potential reversal points. Supertrend Settings The script uses two sets of Supertrend settings: Small Supertrend Factor: 3.0 ATR Period: 10 ...
Liquidity Hour by Ibramiho (Version 2) - Identify High-Potential Reversal Zones Understanding the pre-New York session hour is crucial for institutional traders. This period is often characterized by increased liquidity and price volatility as major financial players prepare for the upcoming trading day. The Liquidity Hour indicator capitalizes on this...
Cot Histogram | Mercor Overview: The Cot Histogram | Mercor indicator provides a comprehensive visualization of the Commitment of Traders (COT) report data using bar charts. This indicator is designed to help traders analyze the positions held by commercial traders and large speculators in various markets. By representing the data as histograms, traders can...
Non-realtime but highly accurate trend analyzer with only one fundamental parameter ( period aka "minimum trend length") Basically Hindsight Trend is pivot points on steroids (handles many cases much better). Plus it shows the trend line. Period I usually like periods of 10, 20 or 30. The indicator's delay is identical to the chosen period. You can...
Trend Angle Indicator Description The Trend Angle Indicator is designed to measure the strength of a trend by calculating the angle of the trend. Specifically, it computes the angle of a Simple Moving Average (SMA) over a specified length and then applies an Exponential Moving Average (EMA) to the angle for smoothing. This approach provides a clear...