Pivot Support & Resistance Indicator - DeltaAlgo Concept: The "Pivot Support & Resistance" indicator is designed to help traders identify and visualize key support and resistance levels based on pivot points. It calculates and plots lines representing these levels on a price chart. This indicator's concept is rooted in the idea that pivot points can act as...
Choosing support and resistance can be time consuming and subjective. Personally, I don't want to spend too much time manually marking up charts. Credit to video I saw, forget the producer, that demonstrated how multi-time frame Bollinger Bands can act as support and resistance. I suggest reading up on Bollinger Bands (en.wikipedia.org) and how to trade them. ...
This script in TradingView is designed to identify sequences of bars with increasing volume. It creates two indicators: one for bullish trends (green sequence) and another for bearish trends (red sequence). Green Sequence: The script considers a green sequence when the current closing price is higher than the previous one, and the volume is increasing. When the...
PhantomFlow RangeDetector analyzes the current price action of the market and draws ranges depending on the minimum number of bars in the zone of one candle you specify. Each range is colored depending on the closing direction of the candle outside this range. Accordingly, in trend trading, it is advisable to look for long trades from the green zones, and short...
Description : The Drawdown Dynamics Indicator is a straightforward tool that offers insights into three critical aspects of an asset’s financial performance: Total Max Drawdown, Rolling Period Max Drawdown, and Current Max Drawdown. Inside of the indicator, you can select to view either the rolling period max drawdown or the all-time max drawdown. This is...
Credit: honeybadgermakesfunnymoney for this Open Source Script Published: This is a tool that will allow you to visualize Wick Hunter's calcation of VWAP. Wick Hunter uses this calcuation for its Liqudations Bots. There are four settings that you need to be configured to visualize your VWAP Band: Long VWAP - The distance from current VWAP price, in %, that...
The MTF Moving Averages indicator allows users to plot multiple moving averages on different timeframes within the same chart on TradingView. This indicator supports four different timeframes: daily, weekly, monthly, and intraday. For each timeframe, users can choose up to four moving averages to plot. They can also select the type of moving average (SMA, EMA, or...
The Liquidation Levels indicator aims at detecting and estimating potential price levels where large liquidation events may occur. By analyzing liquidation Levels, traders can identify potential support & resistance levels, identify stop-loss levels, and gauge market sentiment and potential areas of price volatility. 🔶 USAGE Liquidation refers to the...
This script paints a vertical line on the starting bar of a simple moving average to help anticipate directional changes. The line is the same color as the MA.
Introduction Hello fellow traders and coders, I’d like to introduce the multi time-frame supply and demand indicator that you’ve been looking for, its a dynamic script encompassing a lot of features however it is merely a tool to be used in conjunction with your own market analysis. Features A maximum of 2 time-frames that can be customized independently. ...
This indicator provides traders with a clear visualization of the opening price and its potential movement range for a specific timeframe, based on the Exponential Moving Average (EMA) of the Average True Range (ATR). Features: Opening Price Line: A green line representing the opening price for the chosen timeframe. EMA ATR Lines: An upper blue line,...
The script above is a trading strategy with rules based on the Engulfing candlestick pattern within the context of the trend. Some key elements of this script include: 1. ATR (Average True Range) settings to measure market volatility. 2. Supertrend settings to identify the market trend. 3. Conditions for determining uptrend and downtrend. 4. Determination of...
Iteration on ChrisakaChis' HIsDistDevs indicator which adds customizability options and automatically adjusts the deviations according to the loaded chart and timeframe. Supports ES, NQ, YM, RTY, GC
This script allows you to have multiple vertical lines on your chart (for seeing how price action performs around certain times of interest to you. You can adjust the code to add new lines or colours as you wish (or comment out any that are there if they don't suit you. There is also a shaded area, so you can use that for delineating an amount of time. The...
This Script Introduces The Use Of The Gaussian Channel Concepts This indicator consists of three lines: a central line that represents the moving average, and an upper and lower band that represent the volatility of the price movements. The Gaussian channels is a concept consists of an upper & lower bands along with the basis; the mid band. The use of the...
This Indicator dynamically generates and displays on the chart Trend Channels with the pivot points it determines in each market and in each time period. The type of price used to determine the pivot points and create the channels is optional (e.g. close or high, low). It will help you identify your entry points and stop zones and help you take positions, but it...
This script paints candles when their zscore reaches above 2 standard deviations in price from the mean. The blue candle represents up candle above 2. Magenta candle below -2. The candles can signal the beginning of a move and also importantly exhaustion. The script also signals when a candle has volatility above 6. The higher the sensitivity the less frequent...
Spot-Vol Correlation Script Guide Purpose: This TradingView script measures the correlation between percentage changes in the spot price (e.g., for SPY, an ETF that tracks the S&P 500 index) and the changes in volatility (e.g., as indicated by the VIX, the Volatility Index). Its primary objective is to discern whether the relationship between spot price and...