Psychological levels (Bank levels) plots the closest "round" price levels above and below current price, based on neuroscience research of how humans intuitively calculate in logarithms. Psychological levels, also called bank levels, are "round" price numbers, by truncating after the nth leftmost digits, around which price often experience resistance or support,...
It is a simple and effective tool for trading on moving averages. The main advantage is that an ATR-based risk management system is included here. The system is based on the work of FullTimeTradingRu and the FBMA indicator How to use the system: 1. I recommend using a daily timeframe. 2. Look for a rebound from the moving average, the most effective 20 Ema....
What does this script do? This script plots previous aggregation highs or lows based on the trend of the candles. Scenario 1 -> Up Trend If the previous high of a candle is violated the green trail line will trail using the lows of the prior candle. It will continue until a previous low is violated. Once a previous low is violated it will switch to scenario...
The True Trend oscillator identifies trending or ranging markets with a stochastic ATR and RSI. Here are some examples for how it can be used. Uptrends If the candlesticks are lime green, this signals an uptrend. On the oscillator, you can identify an uptrend if the bull strength (the green line) is above the bear strength (the red line). The strength of...
The "Ultimate Trend Line" indicator, designed for overlay on financial charts, calculates and plots a global trend line. It works by first allowing users to input several parameters such as different lengths for up to 21 groups, a multiplier that defines the deviation from the linear regression line for calculating the upper and lower bands, and a color for the...
Greetings, fellow traders! Throughout my trading career, I've been intrigued by the dynamic interplay between candlestick patterns and trading volume. This fascination led me to develop an open-source indicator to help illuminate these patterns for the broader trading community. Upon researching the Public Library, I found that many indicators relating to...
Hello, I'm a passionate trader who has spent years studying technical analysis and exploring different trading strategies. Through my research, I've come to realize that certain indicators are essential tools for conducting accurate market analysis and identifying profitable trading opportunities. In particular, I've found that the RSI, SRSI, MACD cross, and Di...
TrueLevel Bands is a powerful trading indicator that employs linear regression and standard deviation to create dynamic, envelope-style bands around the price action of a financial instrument. These bands are designed to help traders identify potential support and resistance levels, trend direction, and volatility. The TrueLevel Bands indicator consists of...
Rainbow Drift Beta is an indicator that detects the triggers of long and short positions at any TF. It's based on two different type of approaches to the EMAs periods: - Classic EMAs periods: 10 and 50 - Cycle EMAs perdios: 16, 64 and 256 The 256 period EMA (Annual Cycle) detects the trend: if the EMA 64 (Three-Weekly Cycle) is above, it shows an uptrend;...
Just a quick trial at using statistical variance/standard deviation as an indicator. The general idea is that higher variance in the short term tends to indicate more volatility/movement. The other thing is that it can help set probabilistic boundaries for movements (e.g., if you set the bars to be 2 standard deviations, you are visualizing a range that denotes...
Ahoy! This script calculates Open Interested Weighted Average Price for the following lookback periods: - 7, 30, 60 e.g. On the 1D chart, you will see OIWAP for the past 7, 30, and 60 days. It works on any timeframe though. It works with any ticker that TV's OI indicator supports, and has ticker override if you are looking at an exchange that's unsupported,...
Description: The Divergence Indicator (DI) is a powerful technical analysis tool designed to identify potential bullish and bearish signals based on multiple indicators, including RSI, Stochastic Oscillator, MACD, and EMA. It helps traders spot divergences between price and these indicators, indicating potential trend reversals or continuations. How it Works: The...
This indicator shows a new formation of retrospective candlestick bars of one period (n) of time. In this way the trader can see how the traditional bars are part of a larger formation that can show a trend or a range. The new shadow bars are drawn with a degree of transparency that makes it possible to distinguish traditional candlesticks; and where shadow...
A crypto correlation matrix or table is a tool that displays the correlation between different cryptocurrencies and other financial assets. The matrix provides an overview of the degree to which various cryptocurrencies move in tandem or independently of each other. Each cell represents the correlation between the row and column assets respectively. The...
Description: The Volume Breakout indicator (VB) is a technical analysis tool that highlights candles with significant trading volume. It helps traders identify potential breakout periods characterized by high volume activity. How it Works: The Volume Breakout indicator compares the volume of each candle with a user-defined minimum volume threshold. If the volume...
Description: The High Volume Candles indicator (HVC) is a technical analysis tool designed to identify candles with high trading volume. It allows traders to quickly spot periods of significant market activity based on volume. How it Works: The HVC indicator analyzes the volume of each candle in relation to the highest volume observed over a specified lookback...
Description: The Histogram Momentum Shaded Candles indicator (HMSC) is a powerful technical analysis tool that combines the concepts of the MACD (Moving Average Convergence Divergence) indicator and shaded candlestick visualization. It provides insights into momentum and trend strength by representing the MACD histogram as shaded candles on the chart. How it...
By analyzing the MACD (Moving Average Convergence Divergence) and Squeeze Momentum indicators, this indicator helps identify potential bullish, bearish, or undecided market conditions. The algorithm within considers the positions of the MACD and Squeeze Momentum indicators to determine the overall market sentiment. When the indicators align and indicate a bullish...