ENG) Weighted BB is more responsive to price changes than original Bollinger Bands. the calculation formula uses a weighted method based on the current price. Instead of using a standard deviation, I used a weighted standard deviation that weights the current price, and instead of a simple moving average, I used a weighted moving average. Also included is a...
This indicator reveals the new week opening gaps (NWOG) and new day opening gaps (NDOG) as well as the most recent Regular Trading Hour (RTH) Gap. The NWOG is the gap between Friday's closing price and Sunday's opening price. The NDOG is the gap between the opening price and closing price of the previous day. These gaps can be draws on liquidity as well as general...
Introduction: This script is a result of an AI recommended created trading strategy that is design to offer new traders’ easy access to trend information and oversold/overbought conditions. Here we have combined commonly used indicators into a single unique visualization that quickly identifies trend changes and both RSI and Bollinger Band based overbought and...
This simple Pine script is an implementation of the Dynamic Reactor indicator. The indicator is designed to dynamically adjust to market conditions and identify trend reversals. The indicator takes one input parameter: the length of the Dynamic Reactor. The script calculates the high, low, and midpoint values of the Dynamic Reactor using a simple moving average...
This is my 1st indicator enjoy. Description of the VWAP Supply and Demand Zones indicator: This indicator uses the Volume Weighted Average Price (VWAP) to identify potential supply and demand zones in the market. The VWAP is a popular indicator that shows the average price of a security weighted by volume over a specified period of time. It can be used as a...
Keltner Channel Bands These normally consist of: Keltner Channel Upper Band = EMA + Multiplier ∗ ATR Keltner Channel Lower Band = EMA − Multiplier ∗ ATR However instead of using ATR we are using RMA This gives us a much smoother take of the KCB We are also using 2 sets of bands built on 1 Moving average, this is a common set up for mean reversion...
for range of the price ( Adjustable ) This indicator shows you in what price range it may move. This indicator is adjustable. You must set your installation to the past of its chart. (depends on timeframe) Pay attention to adapt it in different time frames and with your strategy. The function of this indicator is simple. Based on the first factor (the number of...
'MA Band Distance Monitor' indicator is a simple tool for traders who rely on moving averages to make trading decisions. This indicator plots two moving averages of your choice (you can select the type of the moving average), and fills the space between them, creating a "band". The indicator also generates a table that displays the current price distance from both...
First of all, a big shoutout to @shayankm, @LazyBear, @Bromley, @Goldminds and @LuxAlgo, the ones that made this script possible. This is a version of Waddah Attar Explosion with Traders Dynamic Index. WAE provides volume and volatility information. Also, WAE calculation was changed to a full-on MACD, to provide the momentum: the idea is to "assess" which MACD...
Do you want your charts to look like a video game? Look no further! Would you rather be an alien racing through a lava tube, a surfer with great white sharks, an airplane flying through the clouds, or some other custom emoji setup of your choice? Traders can choose their own custom player emoji, trend indicator, obstacle emoji, and celestial emoji. This indicator...
Level: 1 Background I have been working with choppiness index type indicator for long. However, there are several problems in tradintional one. Function One of the issue of conventional choppiness index is the noise or ripple is too obvious. I was wondering several ways to smooth it. As you may know, choppiness index is "one line" indicator. There is little...
what is Faytterro Bands? it is a channel indicator like "Bollinger Bands". what it does? creates a channel using standard deviations and means. thus giving users an idea about the expensive and cheap zones. It uses a special weighted moving average different from standard bollinger bands, it also averages not only price but also deviations. how it does it? it...
The Urika Confirmation (UC) Indicator helps a user make a better decision about areas to enter the market for a trade. The indicated incorporates the highs and the lows of the price for a specific period. The information is depicted on this two-line indicator to show the direction of the price. The gap between the two lines is a cloud for determining the current...
Description: This indicator works well in trendy markets on long runs and in mean-reverting markets, at almost any timeframe. That said, higher timeframes are much preferred for their intrinsic ability to cut out noise. The example chart is in 3H TF. Be mindful, the script shows somewhat erratic jigsaw-like behaviour during consolidation periods when the...
Hello there! I would like to share my script. This is S/R levels indicator based on custom range for each step used for computing minimum/maximum of the range. For example - we predefined step with 50 candles as one, after we have got the minimum and maximum of it - we come to the next 50 candles and do the same to it. Finaly - we have got 20 lines for 10...
This is similar to the SPX Fair Value Bands indicator. It currently only displays the fair value. The original SPX Fair Value formula only includes the Fed balance sheet data. This indicator incorporates the following central bank assets: Fed Japan China UK ECB This is currently experimental. Feel free to explore using different formula constants.
Along with CVD bubbles, this script plots continuous bands that represent 100x, 75x, 50x, 25x liquidation levels. The bands can serve as support/resistance, reversal points, expected volatility range and more. The indicator uses either the Exponential Moving Average (EMA) or the Volume Weighted Average Price (VWAP) as a base for plotting continuous lines and...
Level: 3 Background As suggested by @hedan1, he made a suggestion: this indicator can be further optimized to develop a dull line to filter the overall direction, and then use the sensitive line as a confirmation signal to enter. One of my favourite tool to see fast trends which is simple but powerful. It runs under below market logic. Function With @hedan1's...