This script combines Moving Averages with ADX Strength, but with an added bonus. Rather than having the Moving Average line always plot on the chart, it will reference the ADX strength based on the settings by the trader.
This way, the Moving Average will not show on the chart unless there is also a strong direction in the trend. This may potentially be used to...
Liquidity Heatmap
This indicator plots a heatmap of resting liquidity above and below swing lows and multiple timeframes
The darker the color is or the larger the zone is, the more liquidity is lying there. If you think there are too many zones, you can increase the timeframes in the settings or just disable it.
Liquidity simply means orders such as...
To quickly apply this indicator onto the chart, open the source code in Pine Editor & click 'Add to chart'. Perhaps in the future, TradingView will add a feature where you can have favourited indicators on the favourites toolbar alongside the favourited drawing tools. 🤔
Traders will need to calculate how many shares are needed for their position, where if price...
Volume Price and Fundamentals indicators contains 4 exponential moving averages based upon Fibonnaci numbers as period (8, 21, 55 & 144) with crossovers and crossunders.
It also contain a table for volume and 50 Day Avg. Volume, Relative volume, Change in Volume, Volume Value, Up-Down Closing Basis days in last 50 days, Volume ratio (U/D Ratio) on last 50-day Up /...
Good Morning from the UK.
Todays script is a simple vieweing of when candles close above a certain moving average - when the market is bearish conditions - candle which close above the moving average can be viewed as a bearish signal along with confluences such as price action. This script is best on the Daily and we can expect big price moves away from this...
Overview:
One-stop shop for all your divergence needs, including:
(1) A single metric for divergence strength across multiple indicators.
(2) Labels that make it easy to spot where the truly strong divergence is by showing the overall divergence strength value along with the number of divergent indicators. Hovering over the label shows a breakdown of each...
The True Strength Index (TSI) is a technical momentum oscillator that can help identify trends and spot reversals. This indicator was developed with about an hour of research, based on the original True Strength Index formula by William Blau. The research material used to create this indicator can be found in the script (released publicly).
Author Notes:
- The...
Level 3
Background
Whale catcher is a resonance indicator combining both customized MACD and customized KDJ. It use two resonance bands to identify oppotunities of middle-short term.
Function
When we use MACD and KDJ alone, in the trend market, the prices are arranged in the order of the moving average, and the operation is simple and the profit space is large....
Description : This is a renovated version of my previous mod that was based on the original script from fhenry0331.
Added are:
a data cleaning function
a seasonal random index function
an updated scaler and
a signalling procedure.
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The following description is moved here from the old script.
The purpose of this script is to decipher chop zones from...
Concepts
This is an improved version of the "DMI Stochastic Extreme Refurbished" indicator.
For more information on the main concepts of this indicator, please access this link:
The difference is that here, instead of using the traditional stochastic oscillator, I implemented the use of the Stochastic Momentum Index (SMI).
Stochastic Momentum Index (SMI)...
This is a combination of the Lux Algo Nadaraya-Watson Estimator and Envelope. Please note the repainting issue.
In addition, I've added a plot of the actual values of the current barstate of
the Nadaraya-Watson windows as they are computed (lines 92-95). It only plots values for the current data at
each time update. It is interesting to compare the trajectory...
What is the Trend #2 - BB+EMA?
This strategy uses a combination of Bollinger Bands and Exponential Moving Averages, and adds the position management skills.
When a position is established, if the price moves in the wrong direction, EMA will move the stop price closer to the opening price, which will reduce losses during the shocks.
If the price moves in the right...
Simple regular RSI Indicator that plots a Moving Average (Hull, SMA, EMA, RMA, etc) that you specify the MA and length.
Contains Over Bought and Over Sold areas that you can customize color and zone.
Plots signals of the RSI crossing up over the over sold area or down below the over bought area.
Plots crosses of the RSI crossing the Moving Average.
This indicator is the output of our prediction algorithm. You can use these lines to see where the price may head for the day. These lines are great support and resistance in the market and you can play off them accordingly.
Not long ago I discovered the TDI(kiss Soxman),
but I needed to know where my market was framed so I started tampering with the open source indicators on TV to make one my way, I'm not not a developer, just a trader homeless.
█ This indicator shows an upper and lower band based on Highs and Lows.
Depending on this, the indicator interprets a ranging market, an uptrend or a downtrend.
█ Usages:
The purpose of this indicator is to identify when the price is ranging.
It's also used to identify changes in trends, breaking points, and trend reversals.
But it can also be used to show...
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