This script implements an Improved CUSUM (Cumulative Sum) Peaks & Troughs with Drift indicator. Here's a breakdown of how it works: Input Parameters: cusumThreshold: Threshold value for detecting peaks and troughs. cusumDrift: Drift value used to adjust the CUSUM calculation. movingAverageLength: Length of the moving average used as a...
The Script shows you the best support Level in the time frame for the sellers to sell the Futures level
Updated code and changed MA 9 to green and MA 21 to red
Overview: The Push and Exhaustion Strategy Indicator is a custom technical analysis tool designed to help traders identify potential market turning points by highlighting significant price movements (pushes) and subsequent periods of reduced momentum (exhaustion). This indicator also incorporates key moving averages (50-period and 200-period) and the Volume...
The "High-Low Difference" indicator calculates the difference between the high and low prices within a specified period. In technical analysis, the high and low prices of an asset over a given period can provide valuable insights into the price volatility and trading range. By subtracting the low price from the high price, this indicator quantifies the range...
The Sideway indicator for TradingView is a powerful tool designed to identify periods of sideways or ranging price action in the market. With its intuitive interface and customizable parameters, traders can easily spot when an asset is consolidating, providing valuable insights for both trend-following and range-bound strategies. This indicator utilizes really...
Gaussian Price Filter Overview and History of the Gaussian Transformation The Gaussian transformation, often associated with the Gaussian (normal) distribution, is a mathematical function characteristically prominent in statistics and probability theory. The bell-shaped curve of the Gaussian function, expressing the normal distribution, is ubiquitously...
🟧 GENERAL The script works on the Monthly Timeframe and has 2 main settings (explained in FEATURES ). It uses the US CPI data, reported by the Bureau of Labour Statistics. 🔹Functionality 1: The main idea is to plot the distance between the CPI line and the 5 year moving average of the CPI line. This technique in mathematics is called "deviation from the moving...
This indicator is a simple drawing tool without changing the code! You need: 1. activate the display of coordinates (Show coordinate input) You will see a 17 by 17 table with indexes of intersection points, in the format: (x,y) 2. activate the Enable custom drawing input 3. enter the sequence of points that you want to connect into the Coordinate for drawing input...
Title: Enhanced Candlestick Pattern Identifier with Body Ratio Analysis Description: This Pine Script, titled "Enhanced Candlestick Pattern Identifier with Body Ratio Analysis," is designed to aid traders in visualizing key candlestick formations that have significant implications for trend reversals and continuations. It uses the body ratio of candles to...
Title: Time Zone PS Indicator Author: Orlando Depablos Description: The Time Zone PS Indicator is a tool designed to help traders visualize different trading sessions on their charts. It allows users to specify three different trading sessions: the start of the day, the London session, and the New York (NYC) session. Each session is represented by a distinct...
The ATR Oscillator with Dots utilizes the Average True Range (ATR), a traditional measure that captures the extent of an asset's price movements within a given timeframe. Rather than depicting these values in a continuous line, the ATR Oscillator represents them as discrete dots, colored according to the price movement direction: green for upward movements when...
The Adaptive Gaussian Moving Average (AGMA) is a versatile technical indicator that combines the concept of a Gaussian Moving Average (GMA) with adaptive parameters based on market volatility. The indicator aims to provide a smoothed trend line that dynamically adjusts to different market conditions, offering a more responsive analysis of price...
The Yang-Zheng Volatility Estimator (YZVE) integrates both intra-candle and inter-candle dynamics, such as overnight and weekend price changes, offering a more detailed analysis compared to traditional methods. The YZVE is proposed to improve over the standard deviation by accounting for the open, high, low, and close prices of trading periods, instead of only the...
This indicator won't plot anything to the chart. Please follow steps below to set your alarms based on price range variation: 1) Add indicator to the chart 2) Go to settings 3) Choose timeframe which will be used to calculate bars 4) Choose how many bars which will be used to calculate max and min range 5) Choose max and min range variation (%) to trigger...
This is a new indicator that detects double inside bars with the condition that their base bar is either shifted above or below (i.e. both base bar's high and low are higher or lower than the mother bar's high and low respectively) it plots lines at the top and bottom of the mother bar and 2 TPs above and 2 TPs below.
Combining the Average Directional Index (ADX) with a 14-period Exponential Moving Average (EMA) can provide traders with a comprehensive approach to identify both the strength of a trend (through ADX) and the trend's direction (using EMA). Let's break down each component and then discuss how they can be combined: Average Directional Index (ADX): The ADX is a...