The "Pro Bollinger Bands Calculator" indicator joins our suite of custom trading tools, which includes the "Pro Supertrend Calculator", the "Pro RSI Calculator" and the "Pro Momentum Calculator." Expanding on this series, the "Pro Bollinger Bands Calculator" is tailored to offer traders deeper insights into market dynamics by harnessing the power of the Bollinger...
The indicator RSI + Divergences + Alerts by MisterMoTA is an RSI indicator that fills the RSI and RSI moving average with 4 different colors (growing up, falling up, falling down and rising down colors), users can customize colors from dashboard , also can be disabled the fill if the user want a standard RSI. The dafault value of RSI is 14 and value of the...
Visualize two of your favorite moving averages in a fun new way. This script calculates the distance (or difference) between the price and two moving averages of your choosing and then creates two histograms. The two histograms are plotted inversely, so if the price is over both moving averages, one will be positive above the centerline while the other still...
The 'MarketSmith Volumes' is to be used with the 'MarketSmith Indicator' and 'EPS & Sales' in order to mimic fully MarketSmith Graphs with the maximum number of indicators allowed by a free Tradingview Plan: 3 This indicator is no more than a simple volume indicator where all parameters are already adjusted to resemble MarketSmith graphical volumes. Also you...
The Sideways Market Identifier (SMI Indicator) aims to identify when the market is trading in a sideways pattern. This is particularly useful for traders who specialize in range-bound strategies or those looking to avoid trading in choppy market conditions. The indicator changes the background and the color of the candles to grey when the conditions for a sideways...
Indicator: Momentum Eruption , using momentum to capture swing trading. ⏩Principle overview: The core of Momentum Eruption is divided into two parts. One is to identify the trend direction. This is relatively clear. It is usually more effective to identify the direction through moving averages such as SMA or EMA. The second is to identify trading...
Large entity and whales are always smart, they hide in the market to make money. Learning how they operate, we will become smarter. How to distinguish the structure of participants, find the large entities or giant whales, this is a difficult problem. Indicators: Whale Trend Analysis , using AI algorithms to find them. ⏩Principle overview: The core of Whale...
The "Pro RSI Calculator" indicator is the latest addition to a series of custom trading tools that includes the "Pro Supertrend Calculator" and the "Pro Momentum Calculator." Building upon this series, the "Pro RSI Calculator" is designed to provide traders with further insights into market trends by leveraging the Relative Strength Index (RSI) indicator. Its...
Draws trend lines based on highs and lows. It also calculates averages of these trend lines. This helps you give an indication of the trend. It also calculates a mean moving average for better analysis.
Hello! This script "The Next Pivot" uses various similarity measures to compare historical price sequences to the current price sequence! Features Find the most similar price sequence up to 100 bars from the current bar Forecast price path up to 250 bars Forecast ZigZag up to 250 bars Spearmen Pearson Absolute Difference Cosine Similarity Mean...
█ OVERVIEW This script is an indicator that plots short, medium and long moving averages for multiple fractals. This script was based on sharks EMAs by rlvs indicator, that plots multiple rays for each fractals into the chart. The main feature of this indicator is the customizability. The calculation itself is simple as moving average. █ MOTIVATION The...
## Introduction and How it is Different The Dual-Supertrend with MACD strategy offers an amalgamation of two trend-following indicators (Supertrend 1 & 2) with a momentum oscillator (MACD). It aims to provide a cohesive and systematic approach to trading, eliminating the need for discretionary decision-making. Key advantages over traditional single-indicator...
This indicator is an implementation of the "True Strength Index" (TSI) developed by PINE_LABS for the Pine Script trading platform on TradingView. The True Strength Index is a technical indicator used to measure the strength and direction of a trend in a financial asset. Here's an explanation of how this particular indicator works: Buy Signal: A buy signal is...
⚠️❗ Important Limitations: Due to the way this script is designed, it operates specifically under certain conditions: Stocks & Forex : Only compatible with timeframes of 8 hours and above ⏰ Crypto : Only works with timeframes starting from 4 hours and higher ⏰ ❗Please note that the script will not work on lower timeframes.❗ Feature Extraction : It begins by...
The AI Channels indicator is constructed based on rolling K-means clustering, a common machine learning method used for clustering analysis. These channels allow users to determine the direction of the underlying trends in the price. We also included an option to display the indicator as a trailing stop from within the settings. 🔶 USAGE Each channel...
This indicator calculates and visualizes various aspects of price variation and projection based on certain parameters such as rate of change, time interval, constant value, and more. It helps traders understand potential price movements and provides insights into potential support and resistance levels. The indicator displays the following...
Using Auto Fibonacci Levels indicator users can find automatically Fibonacci Extension points where price can go after a period of consolidation (sideways or can find points for support/resistance on retracement levels that can be displayed for any defined range. The script is different from others by letting users to define a consolidation range, user can...
Position and Risk Calculator : Your Ultimate Risk Management Tool for Indices The difference between a novice and a seasoned trader often comes down to one essential element: risk management. While trading indices, the challenges are even more intense due to market volatility and leverage. The Position and Risk Calculator steps in here to bridge the gap,...