If you are not yet familiar with OTT, this script could provide an introduction to help you get started. "Optimized Trend Tracker" (OTT) is an effective trend-following indicator created by Anıl Özekşi . It aims to detect the current trend direction based on an elegant mathematical construct. The key defining characteristic of OTT is its reliance on a...
This indicator provides an enhanced version of the popular Parallel Channel tool by allowing channel boundaries to be extended above and below the primary channel. It can also serve as a general tool for drawing parallel lines and grid lines to aid technical analysis. 🟠 Application There are two primary ways extended channels can provide valuable insights: 🔵 ...
Today, what I'm going to introduce is a technical indicator that I think is quite in line with the indicator displayed by Tang - Fibonacci Bands with ATR. This indicator combines Bollinger Bands and Average True Range (ATR) to provide insights into market volatility and potential price reversals. Sounds complicated, right? Don't worry, I will explain it to you in...
This indicator provides a visual representation of an averaged weighted moving average (WMA) ribbon (default setting) along with Bollinger Bands on a price chart. Pay attention to how the moving average and band expand and contract, as well as where price crosses the Bollinger bands (Green and red) or the basis line (blue). Look for patterns, and exploit them to...
This indicator pretends to represent the "probable" maximum movement of an asset, for the rest of the day. This indicator should be used "only" in intraday timeframe. You will not be able to see it if you select a longer timeframe. To calculate the probable maximum movement, the indicator uses the VIX value for each minute. On the first candle of the day, it...
Ticker: AMEX:SPY , Timeframe: 1m, Indicator settings: default General Purpose This script is an upgrade to the classic Bollinger Bands. The idea behind Bollinger bands is the detection of price movements outside of a stock's typical fluctuations. Bollinger Bands use a moving average over period n plus/minus the standard deviation over period n times a...
This indicator was designed to plot lines from prices of overbought (OB) and oversold (OS) RSI levels in chart. It will also create a visible band between these levels. It's main utility is to show in chart current and past prices for OB/OS RSI levels. Traditionally the RSI is considered overbought when above 70 and oversold when below 30 but you can customize...
This indicator should be used in conjunction with a solid risk management strategy that does not over-leverage positions and uses stop-losses. You can not rely 100% on the signals provided by this indicator (or any other for that matter). With that said, this indicator can provide some excellent signals. It has been designed with a large number of customization...
Hello Traders, Today, I have brought to you an indicator that utilizes the Parabolic SAR. To begin with, the Parabolic SAR is an indicator that trails the price in the form of a parabola, seeking out Stop And Reverse points. The indicator I present merges the calculation formula of the Parabolic SAR with the Moving Average. One aspect I pondered over was how...
This indicator, named "Price Deviation," is designed to compare the percentage change in the price of the current instrument (e.g., BNBUSDT.P) with a comparison instrument (e.g., BTCUSDT.P) over a specified timeframe. It provides the option to apply smoothing to the data and displays the results as lines on the chart. The blue line represents the percentage...
The "Brutal Scalps" indicator is designed for both novice and expert traders looking to take advantage of short-term price movements. This powerful tool provides a multi-timeframe trend analysis along with dynamic Take Profit (TP) and Stop Loss (SL) levels, enhancing your trading decisions and risk management. Features: Multi-Timeframe Trend Analysis - You get...
The script is a "Confluence Indicator with Fibonacci" designed to work on the TradingView platform. This indicator combines multiple technical analysis strategies to generate buy and sell signals based on user-defined confluence criteria. Here's a breakdown of its features: Confluence Criteria: Users can enable or disable various strategies like MACD, RSI,...
This code is declaring the script as an indicator named "GT-Fib" to be plotted on the main chart. The maximum number of lines it can create is limited to 500. The indicator calculates Fibo using trend breaks. If the trend is not broken and the old trend continues, Fibo continues. However, sometimes you will witness that it does not draw Fibo. Indicates that there...
█ Overview The Volatility Trend (Zeiierman) is an indicator designed to help traders identify and analyze market trends based on price volatility. By calculating a dynamic trend line and volatility-adjusted bands, the indicator provides visual cues to understand the current market direction, potential reversal points and volatility. █ How It Works The...
Shows two consecutive weekly Bitcoin drops of X% both indicating capitulation which may be relevant to crypto markets, risk-on/risk-off and possibly tech markets. Suggested usage: set the drop % and apply to weekly charts. Can be used on any chart, not just Bitcoin, but calculates indicator specifically for Bitcoin pricing. Can be used for entertainment or...
🔍 Overview: This indicator is a trader's tool used to generate long/short signals. These signals are crafted by customizing specific conditions set up by the trader, depending on their trading system. 🔑 Key Features: Signal Types: Generates both long and short signals. Custom Conditions: Users can define up to 10 conditions via SignalManager in order to...
👉The indicator provided here is a technical analysis indicator for TradingView users that identifies potential breakout and breakdown opportunities on the initial 30-minute range in every trading session. 👉The indicator high and low of the initial 30-minute period and plotting them as horizontal lines on the chart. The high is marked in green line and the low is...
Expected Moves The Expected Move of a security shows the amount that a stock is expected to rise or fall from its current market price based on its level of volatility or implied volatility. The expected move of a stock is usually measured with standard deviations. An Expected Move Range of 1 SD shows that price will be near the 1 SD range 68% of the time...