This is a tool for developers who are working with index based plots and find themselves adding the bar_index to their indicators on a regular basis during development and debugging. What it does: shows the bar_index in the status line and data window. plots optional labels (bar index + time) into the chart every 10 bars
Understanding the Script: Purpose: This script identifies potential trend direction and momentum using a moving average and wave amplitude calculation. It shows a green line when the price is trending upwards and a red line when trending downwards. Strategy: This script doesn't provide a complete trading strategy. It's an indicator designed to be used alongside...
This code is an indicator for drawing custom candle charts based on volume and analyzing price fluctuations and trends. A specific description is provided below: Main functions and analysis details Cumulative Volume Calculation Accumulates the volume of all bars and calculates the cumulative volume. This gives an idea of the total volume of volume. Counter...
Tare's Multi-Timeframe Market Heatmap is a powerful tool designed to help traders quickly gauge market sentiment across multiple timeframes using a combination of RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicators. This indicator analyzes four customizable timeframes to determine whether the market is bullish or bearish,...
This chart is designed to calculate and display the percentage change of the Magnificent 7 (M7) stocks and the S&P 500 excluding the M7 (Ex-M7) from the beginning of 2024 to the most recent data point. The Magnificent 7 consists of seven major technology stocks: Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL), Meta (META), Nvidia (NVDA), and Tesla...
Big Volumes Highlighter Overview: The "Big Volume Highlighter" is a powerful tool designed to help traders quickly identify candles with the highest trading volume over a specified period. This indicator not only highlights the most significant volume candles but also color-codes them based on the candle's direction—green for bullish (close > open) and red...
Percentage Change Indicator This indicator calculates and displays the percentage change between the current close price and the previous close price. It provides a clear visual representation of price movements, helping traders quickly identify significant changes in the market. ## Formula The percentage change is calculated using the following...
This Pine Script indicator calculates the difference between the price and a main moving average (SMA or EMA), allowing you to track deviations in either absolute or relative (percentage) terms. It offers several features to help visualize and smooth this difference: - Main MA Difference: Shows the price deviation from the moving average, either as an absolute...
This Indicator helps identify the current market structure. The Swing Market Structure is identified based on thresholds (either on percentages or absolute values) to tell if a pullback is value (=deep enough). If a level is broken, the furthest opposite point becomes the new low/high, respectively. For the active movement (identified high + low),...
I have learned the hard way why Enterprise Value is far more superior than Market Cap. That's why I made this indicator, but more importantly, why I added several features that other similar indicators just don't have. The key thing is to not just show you Enterprise Value of a company (it's true worth) but also the capability to see that line colored in a...
Relative Volume Index (RVI) Short Description: Relative Volume Index (RVI) with customizable volume bands, moving averages, and alerts for high and low volume thresholds. Includes options for displaying daily and weekly relative volume for enhanced analysis. Full Description: The Relative Volume Index is a powerful and versatile tool designed to help...
Overview: This indicator is designed to take multiple other indicators as inputs, calculate their respective Z-scores, and then aggregate these Z-scores to provide a comprehensive measure. By transforming the inputs into Z-scores, this indicator standardizes the data, enabling a more accurate comparison across different indicators, each of which may have...
BLMA Bruce_Le Moving Average BLMA Bruce_Le Moving Average BLMA Bruce_Le Moving Average BLMA Bruce_Le Moving Average BLMA Bruce_Le Moving Average BLMA Bruce_Le Moving Average BLMA Bruce_Le Moving Average BLMA Bruce_Le Moving Average BLMA Bruce_Le Moving Average
# 3-Bar (Outside Bar) Scanner with Table Display ## Overview The **3-Bar (Outside Bar) Scanner with Table Display** is a custom TradingView indicator designed for traders who utilize **The Strat** methodology. This indicator scans for **3-bar (Outside Bar)** patterns across multiple symbols and displays the results in a convenient table format directly on your...
This indictor will mark intraday levels. Levels will be marked by calculating 3% up and 3% down from previous day close. This indicator calculates 3% levels above and below the previous day's close. These levels can be used to track potential support or resistance levels throughout the trading day. This script helps plot 3% above and below the previous day's...
What's it all about? This nifty little tool, the Donchian Channels Oscillator, helps you spot when a stock might be overbought or oversold. It's like a price detective, looking for clues in the historical data to figure out if it's time to buy or sell. How does it work? Think of it as a seesaw. When the price is way above the Donchian Channels, it's like the...
Plots exponential moving average on three timeframes at once for rapid indication of momentum shift as well as slower-moving confirmations. Displays EMA 5, 10, and 20. The default colors are simple to follow, via Red/Yellow/Green Traffic Light. When momentum is shifted upwards, the bands will be Green on bottom, then Yellow, and Red on top. When momentum shifts...
Session Highlighter Script This Pine Script highlights the major trading sessions on your chart with distinct background colors and markers: - Asian Session: From 22:00 to 06:00 UTC (Tokyo Open to Close), highlighted in blue. -European Session: From 07:00 to 15:00 UTC (London Open to Close), highlighted in green. -U.S. Session: From 13:00 to 21:00 UTC (New York...