Fibonacci Extension Fibonacci Extension is a powerful technical analysis tool that traders use to predict where the market might find support and resistance. It is based on the Fibonacci sequence and uses levels that are found by extending the 23.6%, 38.2%, 50%, 61.8%, and 100% Fibonacci ratios from a swing high or low. These levels can be used to find possible...
what is "Support and Resistance"? it is a support and resistance indicator. what it does? it draw support and resistance zones on the chart. how it does it? It determines the zones where the price leaves with a big candle after going horizontal for a while as support or resistance zones according to the price movement direction. while doing this, it compares the...
This script makes use of high-volume activity as an indicator of the presence of market participants accumulating orders in specific areas on a lower timeframe by detecting volume peaks to form order blocks. Mitigated order blocks are automatically hidden from the chart, also allowing users to be able to select two different mitigation methods "wick" and...
How does it work? - The indicator detects the highest and lowest price level in the last x periods every time prices advance by x periods. - From these values, retracement (0.618, 0.786) and expansion levels (1.272, 1.618, 2, 2.618, 3.14, 3.618, 4.236) are obtained. - Since the symmetrical counterpart of the retracement levels is used, there are two of each of the...
Hello Tradeurs, as per usual, I hope everyone is having a FAN-FRIGGIN-TASTIC day. With the soon incoming bull market approaching fast(Nov 7, 2022), there are a few ideas that I've really been trying to push out to help nail a few coins as they are near their bottom peak of this closing Bear Market. This one may seem very similar to the last one I posted but I...
// Hello tradeurs, ChasinAlts here with a script you've DEFINITELY never seen before. Hope everyone is well. Ok, so heres the low-down...When a wick's // % size is above the threshold set by the user it is plotted with light blue (these aren't really the significant ones) and are put into an array. // These large wick lines are great S&R lines but we're...
This strategy belongs to @TheTradingFloor. It was suggested to me by a trader named "Cryptic RS" in my private messages then I saw the strategy on "Christy Kinz Trading" YouTube Channel The strategy consists of RSI (Confirmation), Optional stochastic RSI (Confirmation), consolidation range identifier, Support & Resistance (helps out for beginners), TSV - Time...
Green/Red Arrowed Buy/Sell signals are just simple buy sell signals based on SuperTrend, VWAP, Bollinger, Linear Regression Purple Arrowed Buy/Sell Signals happen when the price/candle cross over or under the yellow outer lines (4.236 fib lines) It's extremely rare and hard for price to stay above these lines therefore we can usually and comfortably buy/sell it,...
Hello fellow tradeurs, I couldn't find one similar on TV so wanted to make it.. Took me a little while to figure some things out as I am in new coding territory with this script. I had a hard time finding ways to make only a partial zone/box disappear if price only crossed part of it. Nonetheless, I figured it out so I hope you enjoy the outcome. Now, allow me to...
This brings together a number of variables to produce trend predictions that could be utilized as decision-making tools. Uses the aforementioned price and volume derivatives - A moving average and three weighted moving averages (WMA1, WMA2, WMA3) - Super Trend Line (ST) - Opening Range Breakout on Five Minutes, Resistance Bands Pocket pivots, support, and price...
Discretionary traders often use support and resistance zones that are based on past price action of the instrument traded. This simple script is used to plot support and resistance zones for a given instrument. The data for the zones themselves has to be determined by the past price action of the instrument and are not based on the provided data by...
Hello All, For long time I have been getting a lot of requests for Support/Resistance Multi Time Frame script. Here ' Support Resistance Channels/Zones Multi Time Frame ' is in your service. This script works if the Higher Time Frame you set is higher than the chart time frame. so the time frame in the options should be higher than the chart time frame. The...
█ This Indicator is based on Pivot Points. It aggregates closed Pivot Points to determine a " Pivot Average " line. Pivot Points here refer to highs and lows. █ Usages: Pivot Average can be used as resistance or breakout area. It is also very usefull to find battle zones. It can also be used as a trend indicator: when the price is below, trend is down, when price...
What? Price Action in Action is an indicator to help Price Action learners and practitioners to get everything related for Price Action in one place. Price Action is: Price + Volume = Action In this indicator, we have the following features available: Support/Resistance Using the RSI with different periods in a multiple of 7 (7, 14, 21, 28), we...
This indicator draws support line and resistance lines in the price chart. How ? For drawing the support/resistance line we need to first determine the demand and supply. We are using too-familiar indicator RSI to determine when the script is oversold and overbought. Now oversold (in RSI) is not a point, it’s a zone. The RSI indicator comes below 30, stays...
█ This Indicator is based on Pivot detection to show bands and channels. The pivot price is similar to a resistance or support level. If the pivot level is breached, the price should continue in that direction. Or the price could reverse at or near this level. █ Usages: Use channels as a support & resistance zone. Use bands as a support & resistance zone....
Average Daily Range (ADR) (Multi Timeframe, Multi Period, Extended Levels) Tips • Narrow Zones are an indication of breakouts. It can be a very tight range as well. • Wider Zones can be Sideways or Volatile. What is this Indicator? • This is Average Daily Range (ADR) Zones or Pivots. • This have Multi Timeframe, Multi Period (Up to 3 Levels) and Extended...
This script uses the standard pivot-high/pivot-low built-in methods to identify pivot points on the chart as a base calculation for the zones. Rather than displaying basic lines, it displays a zone from the original pivot point to the closest part of the available body on the same candle. The script comes in handy by utilizing Pinescripts available input.source()...