How does it work? - The indicator detects the highest and lowest price level in the last x periods every time prices advance by x periods. - From these values, retracement (0.618, 0.786) and expansion levels (1.272, 1.618, 2, 2.618, 3.14, 3.618, 4.236) are obtained. - Since the symmetrical counterpart of the retracement levels is used, there are two of each of the...
About Automatic level of support and resistance ( SnR ) in the chart. It helps users to decide where is the level of SnR and also optimize the level by changing the input base on their needs Input: Pivot - The number of bars left and right side of the pivot to choose how detailed the SnR level Type - To draw the line on the candle wick endpoints or...
Extreme Volume Support Resistance Levels are S/R levels(zones, basically), based on extreme volume . Settings: Lookback -- number of bars, which algorithm will be using; Volume Threshold Period -- period of MA (Volume MA), which smoothers volume in order to find the extremes; Volume Threshold Multiplier -- multiplier for Volume MA, which "lift" Volume...
Hello Trader, This indicator is draw Support & Resistance Level based on RSI Calculation, It will help you to find Support and Resistance very Easily. Red Color Line - Resistance Green Color Line - Support RSI comes up from the OS region. So it's good time to do the calculation with. - Find out the lowest RSI value from the RSI array - Get the corresponding...
█ Volume Weighted Average Price & Previous Volume Weighted Average Price - Multi Timeframe This script can display the daily, weekly, monthly, quarterly, yearly and rolling VWAP but also the previous ones. █ Volume Weighted Average Price (VWAP) The VWAP is a technical analysis tool used to measure the average price weighted by volume. VWAP is typically used...
This indicator plots the Expected Move (EM) calculated from weekly options pricing, for a quick visual reference. The EM is the amount that a stock is predicted to increase or decrease from its current price, based on the current level of implied volatility. This range can be viewed as support and resistance, or once price gets outside of the range, institutional...
Support and resistance are often drawn using lines. This is too simple and doesn't give a clear idea of the market sentiment at these particular levels. What is strong support and resistance? What is weak support and resistance. How can either be defined by a single price point? Using a simple, clean and configurable solution, this indicator not only shows these...
MACD with Support and Resistance - Signals Alerts SL and TP by Tech Store On The script uses MACD for entering/exiting trades and support/resistance lines to take TP1 (take profit 1). Both MACD and support/resistance lines are fully configurable to your preference, and you can back-test it via TradingView. Once TP1 is taken, you can either set the indicator to...
Sharing a simple gap zone identifier, simply detects gap up/down areas and plots them for visual reference. Calculation uses new candle open compared to previous candle close and draws the zone, a mid point is plotted also as far too often it's significance is proven effective. Works on any timeframe and market though I recommend utilizing timeframes such as...
█ Multi Timeframe Moving Average Ribbon and Bands + Bollinger Bands, Gaussian Filter and Rolling Volume Weighted Average Price with Standard Deviation Bands Up to 9 moving averages can be independently applied. The length , type and timeframe of each moving average are configurable . The lines, colors and background fill are customizable too. This...
This brings together a number of variables to produce trend predictions that could be utilized as decision-making tools. Uses the aforementioned price and volume derivatives - A moving average and three weighted moving averages (WMA1, WMA2, WMA3) - Super Trend Line (ST) - Opening Range Breakout on Five Minutes, Resistance Bands Pocket pivots, support, and price...
This script may be TradingView's most accurate tops & bottoms indicator ever published. Since it's experimental, I'm going to offer access to it free of charge. Send me a direct message requesting access. 5 years ago I joined TradingView and began studying price and the factors behind what causes bottoms and tops to form as well as how to find them....
Created for the MarketCipher Community and friends :) This indicator is partly based on Wavetrend Oscillator by LazyBear / blue momentum waves on MarketCipher B. The Wavetrend indicator is a combination of 2 oscillator lines that signals the short term direction of the price once the lines cross. The Wavetrend indicator is useful but only once a divergence has...
Trend visualization tool in Wave theory. Unlike Elliot waves, it has a constant pattern length. The formation consists of impulse and 3 corrections. The script analyzes candle relationships in the currect trend, trend will be continueted until candle are not breaking trend rules. Currently it supports 2 rulesets/wave variants: Low - More sensitive (trend will...
Hello traders! This script helps identify swing high levels of resistance and swing low levels of support via price action. The indicator is designed to help identify support and resistance by measuring retracements. When the retracement has reached the threshold, the indicator identifies the high or low with a horizontal, solid line. This line will...
Psychological levels (Bank levels) plots "round" price levels above and below current price, by truncating after the nth leftmost digits, based on neuroscience research of how humans intuitively calculate in logarithms. Psychological levels, also called bank levels, are "round" price numbers around which price often experience resistance or support, because...
About This Indicator This indicator plots support (pivot low) and resistance (pivot high) using the chart timeframe and second editable timeframe. How it can be useful Having higher timeframe support and resistance plotted on a lower timeframe chart helps keep you grounded in the current range the price is in. This can be useful when wanting to avoid taking...
The goal of this indicator is to provide day traders with more realistic and general support and resistance trendlines for the chart timeframe they are trading, without the need for excessive parameter adjustment or manual consideration of trendlines from higher timeframes. As we all know, when trading smaller timeframes, it is not only the trendlines from the...