This trading strategy uses the Relative Strength Index (RSI) and a Stop-Loss mechanism to make trading decisions. Here’s a breakdown of how it works: RSI Calculation: The RSI is calculated based on the user-defined length (rsi_length). This is a momentum oscillator that measures the speed and change of price movements. Buy Condition: The...
This indicator uniquely maps and interprets key market conditions using Moving Averages, MACD, RSI, and Bollinger Bands. Unlike traditional indicators that only display visual signals, this tool provides written analysis directly on your chart as soon as specific conditions are met. This feature makes it easier to understand the market’s current state and...
This Pine Script indicator calculates and plots 17 predefined Fibonacci retracement levels based on the high and low of a user-defined number of previous candles. The levels are drawn on the chart for the most recent candles, as specified by the user, allowing traders to see how these historical Fibonacci levels align with the current price action.
Library "Waves" Methods for elliot wave detection method delete(this) deletes the subwave drawing Namespace types: Subwave Parameters: this (Subwave) : Subwave object to be deleted Returns: deleted subwave object method delete(this) deletes the wave drawing and the corresponding subwaves Namespace types: Wave Parameters: this...
"Forex Macro Metrics " is a powerful tool for analyzing macroeconomic metrics, designed to help traders make more informed decisions in the forex market. This indicator displays key economic indicators such as interest rates, money supply (M1 and M2), unemployment rate, and government debt for various currencies and their pairs, allowing users to assess the...
Dual Channel System The indicator incorporates two Donchian Channels - the Inner Channel and the Outer Channel. These channels are adjustable, allowing users to define their lengths according to their trading strategy. Inner Channel: With a default length of 100 periods, the Inner Channel provides a closer view of market trends and potential support and...
In simple terms, this indicator colors your chart bars based on the VIX levels. We know that high volatility is unstainable and will naturally regress to a calmer market, therefore highlighting the bars where VIX is at extreme highs can sometimes indicate a market turning point. Consider pairing this indicator with my VIX Heatmap indicator for a complete picture...
It forces the Open indicator to use the candlestick open values. For example, if you need to use a Heikin-Ashi chart with the Open indicator based on regular candlestick data, this indicator will ensure it does not change.
This indicator, called "UTS Chronos Levels ", is a Pine Script (version 5) overlay for Trading View charts. Purpose: The indicator displays key price levels from previous time periods (day, week, and month) on the chart. These levels can be used to identify potential support and resistance areas. Levels Displayed: Previous Day's High and Low Previous Week's...
Support, Resistance & Liquidity Pool Zones This indicator automatically detects and plots support and resistance levels based on pivot points and highlights liquidity pool zones, areas where the trading volume exceeds the average over a set number of bars. It is designed to help traders identify key price levels and liquidity traps that can trigger significant...
This Pine Script is designed to plot Buy and Sell signals based on the Relative Strength Index (RSI) for both 15-minute and hourly timeframes. It calculates the RSI values for the current 15-minute chart and requests the hourly RSI data for comparison. Buy signals are generated when the RSI crosses above 60 in either timeframe, while sell signals occur when the...
Enhancing Password Security with Pine Script: A Deep Dive into Brute-Force Attack Prevention 1. Introduction: The Importance of Password Security Why Password Security Matters: In today’s digital age, protecting sensitive information through strong passwords is vital. Weak passwords are vulnerable to brute-force attacks, where attackers try every possible...
using ALMA & CCI indicator show buy and sell pivot , high profit for 1H to 1D depend stocks
Description: The NSE Trading Time Insights indicator is a powerful tool designed for traders on the National Stock Exchange (NSE) of India. It provides a comprehensive overview of different trading sessions throughout the day, offering valuable insights into market characteristics and potential trading strategies for each time period. Key Features: 1. Dynamic...
Choosing the Best Timeframe for Your Trading Strategy The ideal timeframe for your trading strategy depends on several factors, including your trading style, risk preferences, and the goals of your strategy. Here’s a guide to different timeframes and their applications: Timeframes and Their Uses: Short-Term Timeframes (e.g., 5-minute, 15-minute): Advantages:...
█ CALCULATE PSEUDO-RENKO VALUE Calculates and returns the Pseudo-Renko Stabilized value (or close price) based on a given input value, along with the direction of the current Renko brick. This function adapts the traditional Renko brick size dynamically based on the volatility of the input value using a combination of SMA and EMA calculations. The calculated...
Algorithm Description: "RSI with Swing Trade by Kelvin_V" 1. Introduction: This algorithm uses the RSI (Relative Strength Index) and optional Moving Averages (MA) to detect potential uptrends and downtrends in the market. The key feature of this script is that it visually changes the candle colors based on the market conditions, making it easier for users to...
An indicator that calculates click (price change), percentage change, and Z-score changes while displaying outliers based on defined ranges. Outlier Detection: Mark outliers (for price, percentage, Z-score) based on user-defined thresholds. For example, any price movement exceeding a certain Z-score or percentage change could be marked as an outlier and...