The Volatility Dispersion Envelope Indicator (VDE) is a custom forward-looking indicator developed by Macro Ops. This indicator is best used to identify when price action is reaching statistical points of reversal within the next five to seven days. An operator can conceptualize the VDE as a vacuum, out to absorb all of the speculators (dispersive outlooks). When...
This is my first attempt to convert my price action trading principles into pine script. As price action trader, we attempt the see the hidden strength of buyer in sellers candle and vice versa. I use simple calculation of candle wick to body -proportion to assess the strength. This script identifies the proportion of buyers and sellers in any given candle in...
The Bollinger bands set the standard deviation of the reversal points with smoothing over the specified period. That is, if you want to see the standard deviation of resistance and support on an hourly chart with a smoothing period for one day, then you need to set the period 24 in the settings. In this case, the pivot points always coincide with the chart. The...
A combined version of two already published indicators: Combo Month-to-Month % Return (January - June) Combo Month-to-Month % Return (July - December) Allows to compare an asset's monthly returns over years. Includes: Customizable columns Up to 20 columns per each chart Customizable Min, Max, Mean, Median and Standard Deviation lines Customizable labels
This ORB with TSL Indicator Session Time is Indian NSE and BSE Equity Market This indicator Provide you 2 type Setup Opening Range Plot Only for Observation 1st Range Breakout = Long 2nd Range Breakout = Short How to work This Indicator? When Market is Open This Indicator automatically Plot Opening Range High and Low, if Market bullish & Candle Close above...
▪ How to use ? The Screener has 40 stocks which are selected from NSE Nifty50 (list is given below) (cannot be editable) and after 9:15 am IST, it will scan most probable Bullish and Bearish stocks, both stocks will be labelled separately. ▪ Entry may be made at specified near the Stock name and target and SL is also mentioned nearby. Priority to be given...
A close approximation of Willy Woo's Top Cap indicator. Top Cap is BTC's market cap cumulative average x 35 Since trading view lacks the data from 2010 to 2014 that is used for the calculation, initial values are taken from Willy Woo's chart. The indicator must be applied to a CRYPTOCAP:BTC chart and daily timeframe
Hello All, Today I am here with a new idea and script, " LTB Zigzag Circles ". The idea is to create Circles using last 2 zigzag waves and to catch the breakouts earlier than horizontal lines. if a circle is broken then the script shows entry for Long/Short positions. and if broken circle reappears again then the position is closed. You can change Zigzag period...
I am playing OBV now. The original OBV is only calculate CLOSE. I got an idea about XOBV with HLOC. A bar has 5 periods: - Open--Low--Open--Close--High--Close or - Open--High--Open--Close--Low--Close Assume that volume will evenly distributed on these 5 periods. Only Open--Close period has effective changed volume. So XOBV = OBV *...
An utility function to parse session inputs. Extracts hours, minutes and weekdays (if defined) and returns a tuple as the result. _parseSession(sessionString) => (hourStart, minuteStart, hourEnd, minuteEnd, weekdaysArray) Examples presented on the chart.
Price curves consist of much noise and little signal. For separating the latter from the former, John Ehlers proposed in the Stocks&Commodities May 2021 issue an unusual approach: Treat the price curve like a radio wave. Apply AM and FM demodulating technology for separating trade signals from the underlying noise. reference: financial-hacker.com
--------------- --------------- The indicator determines the bottom in the market, from which a rebound or a global reversal may start with a high probability. Works on any symbol or market. tuning - If the asset is low volatility, then the price often does not reach the bottom. Adjust the `Bottom Touch` to the closest bottom on the graph. ---------------...
TradiKator 09 HH HL LH LL & Linear Regression indicates whether current price movement exceed the trend or not. Here, we use Higher High,Higher low, Lower High, Lower Low to identify a possible change of trend. Also we use 2 Linear Regression Channels (short term & long term) to identify a price trend. I hope this indicator can help traders to estimate...
Hi All, I always have a question on how to know which sector is performing. I have created this Heatmap comparison to know strength of sector. I have used RSI and MACD calculation and put it across 5 different index. Color shows bullishness and Gray shows weakness. You can select RSI or MACD or Both to have calculation. And you can also compare stocks if you...
This script doesn't give buy or sell signals. It gives a reference point to the previous day's high and low as well as the previous week's high/low. This will be helpful for intraday trading decisions.
This is a indicator which indicates breath of the market. If found relevant do let me know!! Only handpicked relevant 20 stocks (20 +ve indicator+ 20 -ve indicator) from different sector . As there is the limit of 40 script allowed only. Further modifications might be there if the limit is increased to 100 (50 +50 indicator) .
Key Level indicator is design to calculate potential Key Level which may act as Intraday Support or Resistance Price is expected to bounce from these levels before break (or may not break at all) There's 2 options in the indicator's setting:- OPTION 1) Show Key Levels - Use this option for planning purposes.. Only use this before market open. Turn off this option...