all credit to pine coders of TV- www.tradingview.com this is just example of the new function and how we can make smart pivot system for low TF on the right side (the normal pivot that we use S1 and R1 level shown) the lines represent the trend of the pivot and there levels here i use 30 min pivot MTF on 5 min chart in this example we can see that we have...
I created this script to research the trading effectiveness of the Popgun Bar Pattern. The Popgun Bar Pattern is found when 3 candlesticks in order form the following pattern: 0. Any bar that is then followed by: 1. An inside bar. This is a bar that is completely engulfed by the bar before it. It will have a lower high and a higher low than the previous...
Dear Investor / Trader, Novice Hedge Trade Master is a flag to identify the Supply and Demand zones. I have coded the flag in such a way when there is an imbalance between the buyer and the seller, the flag is triggered. There are 2 type of candle. Equilibrium Candle (E-Candle): They imply that transactions are happening in a range thus Buyer and Seller are in...
This is my bread and butter when trading futures . - 3 Standard Deviation Bands (Above and Below) - Yesterday's VWAP and Band Levels - Labels to help keep track of levels - Ability to define resolution (I use Daily for my intraday scalping and Weekly/Monthly for context)
Level: 2 Background One of the biggest differences between cryptocurrency and traditional financial markets is that cryptocurrency is based on blockchain technology. Individual investors can discover the direction of the flow of large funds through on-chain transfers. These large funds are often referred to as Whale. Whale can have a significant impact on the...
Level: 1 Background Elliott wave theory is a method of technical analysis that looks for recurring long-term price patterns that are related to persistent changes in investor sentiment and psychology. The theory identifies waves that are identified as impulse waves that form a pattern and corrective waves that counteract the larger trend. Function L1 Elliott...
The Price Relative indicator compares the performance of one security to another. This indicator can be used to compare the performance of a stock against a benchmark index, such as the S&P 500, or its sector/industry group. This makes it possible to determine if a stock is leading or lagging its peers. The Price Relative is used to gauge relative strength, which...
The purpose of the base and conversion lines is to give an indication of the current trend but the numerous crossings and false signals make it noisy and unreliable. This new indicator dubbed the the Ichimoku Cloud Pivot is based on an average of the IC leading spans without the time offset which are further filtered through a Donchian Channel. The result is the...
Exchange weighted price for cryptocurrencies DECENTRALIZED PRICE CHART FOR DECENTRALIZED WORLD See non-manipulated , globally price action that comes from whole liquidity! The main idea behind this script is that... The value of each trading pair finally determined globally and the price displayed in exchanges is its own and not global! differences...
Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Kangaroo Tail is a multi-bar pattern. The Kangaroo Tail is both simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is based on price action. The indicator does what he was designed for: displaying...
Introduction: The purpose of this indicator is to assist users in detecting bullish and bearish divergence. This is purely for educational purposes and should only be used as an indicator to invest further time in TA. This indicator is a further release of my previous indicator Lachie 3.0: DDS (Divergence Detection System). How to interpret: When a unique...
Very simple script that show the diffrence between ema vs rma and converting it to log type indicator above 0 is buy bellow zero sell color buy trend is blue color sell trend is red can be used as nice filter to remove stupid signals
RSI is a momentum indicator, however most people seem to be using it to go against the momentum by trying to identify tops/bottoms using it. Its in my opinion the wrong way to be using it. It can be easily used for trend following which seems like a better use for it. Uptrend - RSI > 60 Downtrend - RSI < 40 Sideways - RSI between 40 and 60 If however not...
Level: 1 Background One of the biggest differences between cryptocurrency and traditional financial markets is that cryptocurrency is based on blockchain technology. Individual investors can discover the direction of the flow of large funds through on-chain transfers. These large funds are often referred to as Whale. Whale can have a significant impact on the...
Level: 1 Background The MACD is a superior derivative of moving average crossovers and was developed by Gerald Appel in 1979 as a market timing tool. MACD uses two exponential moving averages with different bar periods, which are then subtracted to form what Mr. Appel calls the Fast Line. A 9-period moving average of the fast line creates the slow...
This is a custom Algorithm that is highly adjustable for how aggressive you want the signals to be. This script incorporates moving averages, volume, money flow, and trend reversal prediction. I have included a very smooth trend line that is color coated for the trend. Each toggle allows you to add more restrictions to the buy and sell signals to be more...
This is the Beta release of the Momentum Reversal Indicator (MRI), expect an update by the end of year. The Momentum Reversal Indicator (MRI) is an advanced script for professional traders who have taken the time to learn all its functions. It is a time based indicator that anticipates the ending of trends based on the momentum in price movement. As an...
This simple script uses 4 rules from Ichimoku Cloud indicator to marks position entry points. The idea is that by entering a long position just when these 4 criteria are met, you can capture a 2-3% plus move within the next few days: 1. The conversion line is above the base line 2. The price is above the clouds 3. The lagging span is above the clouds 4. The...