The provided code is a custom indicator called "Trendilo" in TradingView. It helps traders identify trends in price data. The indicator calculates the percentage change of the chosen price source and applies smoothing to it. Then, it calculates the Arnaud Legoux Moving Average (ALMA) of the smoothed percentage change. The ALMA is compared to a root mean square...
This indicator focuses on detecting RBR and DBD patterns, which signify periods of increased momentum and potential continuation or reversal of the prevailing trend. The RBR pattern consists of a rally (upward movement), followed by a base (consolidation or retracement), and then another rally. It suggests that the upward momentum may persist and provide trading...
The Range Weighted Moving Average (RWMA) : The Range Weighted Moving Average (RWMA) is a variation of the traditional moving average that incorporates the price range within each period as a weighting factor. It assigns higher weights to periods with larger price ranges, aiming to provide a moving average that responds more dynamically to changes in price...
This is an MACD inspired indicator and it analyzes the difference between the SMA and EMA using the same time period. Unlike the MACD, it can give you a better understanding of the overall trend. Values above 0 is bullish and below 0 bearish. It consists of two cycles: Black histogram - the long-term cycle and orange histogram - the short-term cycle, as well as...
The Multi-Time Frame RSI with Money Flow Index and Average is a powerful trading indicator designed to help traders identify overbought and oversold conditions across multiple time frames. It combines the Relative Strength Index (RSI) with the Money Flow Index (MFI) and provides an average value for better accuracy. The Relative Strength Index (RSI) is a popular...
A simple indicator that attempts to identify displacement in price by alerting you when two simultaneous Fair Value Gaps (FVGs) occur. When two fair value gaps occur, the indicator will print a green bar (if bullish) or a red bar (if bearish). If you right click on the indicator you can turn on alerts that will pop up every time a dual FVG occurs. Fair Value...
This Linear CC takes into account the log-normal distribution of stock prices and performs Pearson correlation on that data set. It also smoothens the results into an easy to read oscillator, and performs a two-tail t-test on the correlation coefficient data (with a = 0.05) to determine the significance of the coefficients. Significant results are shown in a solid...
This indicator can be useful for traders who are interested in analyzing price movements over different time periods. By displaying the daily, Monday, weekly, monthly, quarterly, and yearly high and low values along with their mid values on a chart, traders can get a better understanding of how prices have behaved over longer periods of time. For example, a...
// Mobius // V01.01.29.2019 // Uses trend of higher highs with higher lows and trend of lower lows with lower highs to locate pivots. Distance for trend is set by the user. Confirmation of a reversal from pivots is set with a multiple of the pivot bars range. That multiple is also a user input. // Trading Rules // 1) Trade when price crosses and closes outside the...
Broadening formations are common chart patterns observed by technical traders. A broadening formation is formed when the volatility of an asset increases, thus expanding the range of its price resulting in higher highs and lower lows. The Broadening Trendline indicator, works by looking for pivot points where a higher high or lower low is made compared to the...
Introducing the "Dodge Trend" indicator, an innovative variant of the Supertrend indicator designed to help traders better avoid fakeouts and maintain positions in established trends. Like the Supertrend, the Dodge Trend uses Average True Range (ATR) but incorporates a unique adaptive adjustment feature that differentiates it from its counterparts. While the...
The RSI-MFI Machine Learning Indicator is a technical analysis tool that combines the Relative Strength Index (RSI) and Money Flow Index (MFI) indicators with the Manhattan distance metric. It aims to provide insights into potential trade setups by leveraging machine learning principles and calculating distances between current and historical data points. ...
Description: The Trading Session Template Indicator is a powerful script that allows traders to customize their own trading session time range on a chart. With this indicator, you have the flexibility to define specific hours during which you prefer to focus your trading activities. The example chart showcases the New York session hours, but you can easily adapt...
OVERVIEW The Prevailing Trend indicator is a technical indicator that gauges whether the price is currently trending up or down. The purpose of this indicator is to call and/or filter with-trend signals. CONCEPTS This indicator assists traders in identifying high-probability trend entries. The upper line (blue line on the indicator) is calculated by taking...
The Reversal Signals indicator is a technical analysis tool that aims to identify when a trend is fading and potentially starting to reverse. As a counter-trend tool, the Reversal Signals indicator aims to solve the problem of several technical analysis indicators that perform well during trending markets but struggle in ranging markets. By understanding the key...
hi guys this is a straightforward indicator that shows the top 10 nitty pullers and dragger How to use it ? in the table, you can see the values of each puller and dragger well as their contribution amount and it will show if they puller or dragger graph shows the puller and dragger using a line both have max 100 points allocated if they exceed the 100...
█ OVERVIEW TASC's July 2023 edition of Traders' Tips features an article by Barbara Star titled "Stay On Track With The Supertrend Indicator". The article explores how the supertrend indicator , whether used as a standalone tool or in conjunction with other indicators, can assist traders in aligning with the larger trend. Drawing inspiration from the article,...
▋ INTRODUCTION : A “Fibonacci Levels on Any Indicator” can be applied to any indicator to draw Fibonacci levels based on provided conditions of two price points to produce a sequence of horizontal line levels starting from 0% to 100% in addition to extension levels. The 0% level is measured as the start of retracement, while the 100% level is the beginning of the...