Breakdown of the Leading Indicator: Linear Regression (LRC): A linear regression line is used to estimate the current trend direction. When the price is above or below the regression line, it indicates whether the price is deviating from its mean, signaling potential reversals. Rate of Change (ROC): ROC measures the momentum of the price over a set period. By...
Description : This indicator plots customizable horizontal lines spaced every $5 on the XAUUSD chart, with exactly 3 lines above and 3 lines below the nearest $5 level from the current price. Key Features : Line Spacing: The lines are plotted at $5 intervals starting from the nearest whole $5 price below the current price (e.g., $1900, $1905, etc.). ...
Explanation: 1. Bullish Large Candle: The first candle is defined as bullish, where the closing price is much higher than the opening price. It also needs to have a large body (at least 60% of the total candle height). 2. Small Bearish Candle: The second candle is bearish and closes near the high of the previous bullish candle, with a relatively small body. 3....
█ OVERVIEW This script provides a visual tool for traders to track the New York Midnight (NY Midnight), a significant time marker for those who rely on New York’s financial markets. The script calculates the exact moment of midnight in New York and places a vertical line on the chart at this time, helping traders identify when a new trading day begins according...
Hello everyone, Here I present Nifty IT index volumes calculated based on weighted volumes of all constituents. A simple formula for calculation: constituent1.volume*weightage + constituent2.volume*weightage + .... You can change color and code if there is a change in constituents of the index from NSE. I will share other index volumes soon. Enjoy!
Long-term and Short-term RSI indicator in the same chart. Use this for RSI trend and know when to open Long positions, when to open Short positions.
//@version=5 indicator("Daily R1", overlay=true) // Tính toán Pivot Point và R1 pivot = (high + low + close ) / 3 r1 = pivot + (high - low ) // Vẽ đường R1 plot(r1, color=color.red, linewidth=2, title="R1")
EMA and RSI linked with all ema's - et's adjust the script to avoid using plot and hline inside conditional blocks. Instead, we'll always define them and control their visibility using the style parameter for the plot function. Here’s the corrected version:
### Overview The goal of this script is to visually indicate on a trading chart whether all three Exponential Moving Averages (EMAs) are trending upwards (i.e., their slopes are positive). If all EMAs are trending upwards, the script will color the bars green. If not, the bars will be colored red. ### Key Concepts 1. **Exponential Moving Average (EMA)**: An...
KMACD Indicator: Advanced Market Analysis Through Central Tendency Metrics The KMACD (KAMVIA Moving Average Convergence Divergence) indicator is an advanced, multi-dimensional tool designed to provide traders and analysts with a deeper understanding of market dynamics. By integrating the classical MACD framework with statistical measures of central tendency,...
EMAs for D W M Timeframes Description: The “EMAs for D W M Timeframes” indicator allows users to set specific Exponential Moving Averages (EMAs) for Daily, Weekly, and Monthly timeframes. The script utilizes these user-defined EMA settings based on the chart’s current timeframe, ensuring that the appropriate EMAs are always displayed. Please note that for...
**Definitions** A Honey Badger Day is defined as a day where the market dips below a certain threshold but then closes above it. Specifically: - The day's low is less than or equal to the lower of either the opening price or the previous day's closing price. - The day's closing price is greater than or equal to this same lower threshold. Dip and Rip Day:A Dip...
This script provides the options to mark the: 1. Midpoint of the candle body and/or 2. Midpoint of the full candle (including the wicks) Works on all timeframes. This indicator can be used to help determine the mean (midpoint) reversion of price. -
Publishing one of the simplest yet one of my favorite concepts. Had to publish since I didn't really find any script for this on TV. VWAP slope. This is nothing fancy because it's just calculating "slope" with a very basic level formula vwap_slope = (vwap - vwap ) / length Above zero line, it's positive zone. Below zero line, it's a negative zone. The idea is...
The “2-Year - Fed Rate Spread” is a financial indicator that measures the difference between the 2-Year Treasury Yield and the Federal Funds Rate (Fed Funds Rate). This spread is often used as a gauge of market sentiment regarding the future direction of interest rates and economic conditions. Calculation • 2-Year Treasury Yield: This is the return on...
Description : The **Position Sizer by Volatility (PSV)** is an indicator that helps traders determine what percentage of their deposit a position will occupy, taking into account the current market volatility. PSV calculates the range of price movements over recent periods and shows how large this movement is compared to historical data. The lower the value, the...