The following indicator returns a line bouncing of the extremities of a Donchian channel, with the aim of replicating a "zig-zag" indicator. The indicator can both be lagging or lagging depending on the settings user uses. Various extended lines are displayed in order to see if the peaks and troughs made by the Donchian zig-zag can act as potential...
CRYPTO - Moonshot signals indicator is designed to work well in trending markets and scalping using the levels in sideways market FAQs 1. What is the optimal TF (Time Frame) for the indicator? A. 3 min HA (Heikin Ashi) Candles 2. Will it work on other TFs? A. Yes, 1min works well as well but less profitable. 1min TF is recommended during High volatility . 3....
Hello Traders! I have been away for a while but am recovering back gradually! Here is a gift to all of you. It is based on the much loved ZigZag++ Script The Semafor is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones at different Depth settings. The red zones are the extreme places where...
Hello Traders, Here Tweezers and Kangaroo Tail script is in your service. The script searches for Tweezer / Kangaroo Tail candlestick patterns and shows them as T (Tweezer) and K (Kangaroo Tail). Thanks to RorschachT who game me the idea and some details while working on this script. What are these candlestick patterns? Tweezers : - A tweezers...
Hello Traders, Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time! How it works? - On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators. - it search divergence...
Hello Traders, Here Double Zig Zag with HHLL script is with you. it calculates 2 Zig Zag simultaneously and draws them, and also it calculates and puts Higher High, Lower Low, Higher Low, Lower High labels. All these are done dynamically, it means last HH/HL/LL/LH can change. if price continues to go up then HL can turn to LL or if price continues to go down...
This is a conceptual indicator that converts the main chart series' quote currency from U.S. dollar to Turkish Lira. Should only be used with USD pairs unless you change the 'Pair' input. Divergences are created by the difference in price due to the incredible changes in TRY value. The candle colors turn to grey when the forex exchange is closed; this is done to...
Hello Traders This script finds Tops when RSI is in overbought area or Bottoms when RSI is in oversold area and checks the divergence between them. it checks divergence at tops/bottoms after RSI exited from OB/OS areas. You can change overbought / oversold levels. You can limit the time that RSI is in OB/OS area with the option "Max Number of Bars in OB/OS" you...
This is script is build up based on Zig Zag Indicator and modify according to WR idea if market structure to define new HH and new LL. The idea of this indicator is to determine Trend Up (HH and New HH) and Trend Down direction (LL and New LL). Below is the example of the inidcator: If you have any suggestions, comments or interested to use this script,...
This indicator adds to the functionality of Tr0sT's Zig Zag High Low Indicator by adding the RSI value above the higher-high to eyeball whether the current trend (signified by consecutive higher-highs and higher lows or consecutive lower highs and lower lows) is strengthening or weakening. THEORY / METHODOLOGY: If the uptrend is strong, the later pivot high...
Shows Bullish and Bearish AB=CD Harmonic Patterns with Pivot High, Pivot Low and Pivot Line
This indicator shows the cumulative volume between the zigzag segments (waves) and plots the percentage change from the previous segment Let us know if there's anything you'd like added to the indicator and please click LIKE to support us
Automatic Double Top and Double Bottom pattern scanner for any time frame, any asset. Simple to use, just add to your chart, and set the size (in the settings) for the patterns you want to find. • Green patterns are bullish • Red patterns are bearish • Alerts are available for when new patterns are displayed • When a pattern completes (at the neckline), it...
This is a simple end of the day indicator based on open and close values. Angles: Identifying narrow angles helps to find breakouts Maximum angle = High chance of reversal Minimum angle = Chance of breakouts on the next day or upcoming days. Price Flow: I personally use price flow to simplify the flow of candlestick chart and to identify breakouts using...
This is a simple end of the day indicator based on open and close values. Angles: Identifying narrow angles helps to find breakouts Maximum angle = High chance of reversal Minimum angle = Chance of breakouts on the next day or upcoming days. Price Flow: I personally use price flow to simplify the flow of candlestick chart and to identify breakouts using...
Chart Patterns and Harmonic Patterns using just ONE indicator! This is a automatic scanner for well know patterns like Head and Shoulder to get started. I'm planning to add more patterns in the near future. It works as follows: 1. Is going to plot the pattern on the chart, lines in blue 2. Is going to show you when the pattern has finished to form, triangles and...
This is a automatic scanner for well know patterns like Head and Shoulder to get started. I'm planning to add more patterns in the near future. It works as follows: 1. Is going to plot the pattern on the chart, lines in blue 2. Is going to show you the long entry or short entry bar, red or green triangles 3. It is possible to get an alert when there is a...