The "Southern Star Shadows with Alert" indicator in Pine Script is designed to identify and visually represent a specific candlestick pattern known as the "Southern Star Shadows" pattern on a TradingView chart. This pattern can provide traders with potential signals for both bullish and bearish market conditions. Here's a short description of how the indicator...
This indicator is one that I came across a while ago. The main way this indicator works is a lot like the True Strength Index except it also adds a signal line. I like to think of it as a faster MACD that gives you a chance to lag a little less behind the MACD. This of course comes with the additional risk of fake-outs being prevalent. The signal line in the...
The Relational Quadratic Kernel Channel (RQK-Channel-V) is designed to provide more valuable potential price extremes or continuation points in the price trend. Example: Usage: Lookback Window: Adjust the "Lookback Window" parameter to control the number of previous bars considered when calculating the Rational Quadratic Estimate. Longer windows capture...
█ OVERVIEW This script implements the COT Commercials Indicator introduced by Alfred François Tagher in an article featured in TASC's October 2023 edition of Traders' Tips . The indicator is designed for use in futures markets and represents a fast stochastic (%K) calculated based on the commercial open interest values of an asset derived from the weekly ...
🔶 Overview The True Range Moving Average Deviation Indicator (TRMAD) is a technical analysis tool that combines elements of price deviation, volatility, and overbought/oversold conditions. 🔶 Key Components Current price (Close) : most recent closing price of the asset. Moving Average (MA) : represents a smoothed trendline of the asset's...
Range Filter indicator based on the LuxAlgo Nadaraya-Watson Envelope () indicator adding the SMA 30 high and SMA 7 low to predict the changes of the trends lines price. WARNING: This indicator, as the same as the original, repaints the chart and could affect the exact values of the prices. SMA Low 7 was identified using tensorflowJS years ago as accurate and...
The “Encapsulation Box” indicator is designed to locate areas of the chart where the highs and lows of candlesticks are “embedded” or enclosed within the body of a previous candlestick. This setup indicates a significant contraction in the market and can provide important trading signals. Here's how it works in more detail: Detecting contraction: The indicator...
Ruth is based on the most known technical indicators and designed for intraday traders. Ruth's aim is to find the best Buy/Sell points and decide to stop loss point with minimum Loss also Ruth tries to find multiple Profit points as TP1/TP2/TP3/TP4/TP5. Ruth was designed based on the heat map colors to be user-friendly and easy to read. While cold color preferred...
Unlock the power of three dynamic moving averages: Fast, Medium, and Slow. Choose between the reliability of Simple or the responsiveness of Exponential MAs. Plus, with our tailored Buy and Sell signals based on user-defined crossing scenarios, you're equipped with a clear roadmap in the ever-changing landscape of the markets. 1. Spot Trends with Ease: Our...
*Updated with Version 5* ATR Clouds The "ATR Clouds" indicator provides a visual representation of the stock's volatility based on the Average True Range (ATR) calculation. It operates by plotting two bands around the closing price of a stock, using the ATR as a measure of volatility. Features: ATR Calculation: The Average True Range is a commonly used metric...
All abilities of Supertrend, moreover : Drawing 4 EMA band & the ability to change values, change colors, turn on/off show. Sends Signal Sell and Buy in multi timeframe. The ability used in the alert section and create customized alerts. To receive valid alerts the replay section , the timeframe of the chart must be the same as the timeframe of the...
The indicator is designed to identify consolidation periods on the chart of a trading instrument. Key factors and parameters to consider when using this indicator: 1. Consolidation length (consol_length): This parameter allows you to set the length of the period in which consolidation will be sought. The higher the value, the longer consolidation periods...
This indicator uses a couple of different things including the Hoffman moving averages applied with heiken ashi bar data and some volatility to help determine when the bias of the market has shifted for the timeframe you are looking at.
version=5 This version of the stochastic produces the identical stochastic as used in MarketSmith The three primary differences from a classic stochastic are as follows: 1. Close values only 2. 5-day ema instead of 3-day simple moving averages for smoothing the fast and slow lines 3. Slow and fast lines are truncated to integer values by Mike Scott 2023-09-11
**Crypto Notes Indicator** This custom trading indicator, named "Crypto Notes," is designed to assist traders in analyzing cryptocurrency price movements. It combines two key components: the SSL (Stochastic Support and Resistance) channel and a Moving Average. **Indicator Components:** 1. **SSL Channel:** - The SSL channel is a technical analysis tool that...
Two Elements in this script: Alerts: These are notifications that draw your attention to specific market conditions. There are two types: RSI Higher Lows or Lower Highs: This alert triggers when the Relative Strength Index (RSI) forms higher lows or lower highs. RSI Exiting 30 (Up) or RSI Exiting 70 (Down): These alerts activate when the RSI crosses the...
The Fibonacci Trailing Stop indicator creates a Trailing Stop, based on Fibonacci levels which are retrieved from the latest swing high & low . This provides a Trailing Stop-line . 🔶 USAGE The Fibonacci Trailing Stop can indicate the current trend direction. Shadows can also provide potential support/resistance areas. Users can also...
All abilities of Stochastic RSI, moreover : Drawing upper band and lower band & the ability to change values, change colors, turn on/off show. Crossing K line and D line in multi timeframe & there are symbols (Circles) with green color (Buy) and red color (Sell) & the ability to change colors, turn on/off show. Crossing K line and D line in multi timeframe...