This indicator is built with the purpose of keeping things simple and user-friendly. It is a custom formula I developed lately and it signals pretty accurately changes of direction in the price. Added an Alert option to it lately - with customizable...
█ This indicator shows the repartition of bullish and bearish trends over a certain period in multiple timeframes. It's also showing the trending direction at the time. █ Usages: Trend dominance is expressed with two percentages: left is downtrend and right is uptrend. Cell colors turn green if dominance is up and red if it is down. Knowing the trend...
⛳ Engulfing Candles (Bullish and Bearish ) with Trend Recognition | by Octopu$ This Indicator identifies and plots Engulfing Candlestick Patterns. Engulfing Candles are a combination of two bars on a price chart. They are used to indicate/anticipate a market reversal. The second candlestick must be bigger than the first, so it 'engulfs' the previous bar. This...
█ This indicator shows an upper and lower band based on price action and ATR (Average True Range) The average true range (ATR) is a market volatility indicator used in technical analysis. █ Usages: The purpose of this indicator is to identify changes in trends and price action. It is mainly used to identify breaking points and trend reversals. But it can also...
This indicator shows 3 types of objects on chart: 1. downward red triangle above a candle: 3 green candles followed by a fourth red candle of which the low price is lower than the low of the 3 previous green candles, this is usually the sign of reversal from upward movement to a downward one. 2. 1. upward green triangle below a candle: 3 red candles followed by a...
This simple indicator computes the average Relative Strength Index of each Banknifty stock and displays the volume on the chart with color schemes while the average line indicates the average RSI of all Bank Stocks. This indicator works on Banknifty and its stocks. It works on all time frames How You can use this? You can use this indicator for Volume...
Most traders have too much noise on their chart. Trend.Algo helps you identify price action trends with minimum hassle, allowing you to identify when to get into and out of a trade. Trend.Algo does this by highlighting the primary trend to help traders avoid noise and focus on the MAIN MOVE. This can be used on the intraday or higher timeframe charts. Long...
Bollinger Bands are mostly used for trend reversal. I believe they should be used for Trend Continuation and Trend Confirmation. In this Trending Bollinger Bands script you will see two bands drawn on chart. The Upper band is suggestive of Uptrend and Lower Band is suggestive of Downtrend Market. It just provides the guidance of where the market is now and...
█ OVERVIEW The Haos Visual Oscillators is a trend indicator that combines two William % indicators with different periods , to show Over Sold and Over Bought signals. I have added Divergences and a volume indicator to check if buying or selling pressure is exhausted or showing divergences this can help spot trend reversals code taken from: www.prorealcode.com...
█ OVERVIEW The Haos Visual Oscillators is a trend indicator that combines two William % indicators with different periods , to show Over Sold and Over Bought signals. I have added Divergences and a volume indicator to check if buying or selling pressure is exhausted or showing divergences this can help spot trend reversals code taken from: ...
The leading indicator is helpful to identify early entries and exits (especially near support and resistance). Green = trend up Red = trend down How it works: The leading indicator calculates the difference between price and an exponential moving average. Adding the difference creates a negative lag relative to the original function. Negative lag is what...
Hello All, For long time I got many request for Renko Candles and now here it's, Renko Candles Overlay . I tried to make almost everything optional, so you can play with the options as you want. Let see the options: Method: the option for brick scaling method: ATR, ATR/2, ATR/4, Percent, Traditional - ATR Period: period for Average True Range and it's...
Hey Traders, Tonight I'm updating my beloved original MoneyFlowTrend Oscillator with a Premium version. A little background: This is an indicator that I've been working to bring to life for years; learning pinescript code has allowed me to do just that. Built on the idea of Supply & Demand Zones, this utilizes money flow and numerous calculations to create a...
The Projection Bandwidth was created by Mel Widner (Stocks and Commodities Jul 1995) and this is another of my series of indicators that I consider undiscovered gems. For those of you who are unaware, the Bandwidth indicator measures the distance between the high and low bands and if you remember from my Projection Bands script, the Projection Bands give pretty...
The Trend Analysis Index was created by Adam White and not to be confused with the Trend Analysis Indicator that I also published. This indicator operates under the same idea but using a completely different calculation to achieve similar results. The idea behind this indicator is for a combination of volatility and trend confirmation. If the indicator is above...
This indicator is a trend reversal detector. It provides a bullish or bearish signal derived from the analysis of 22 indicators. It analyzes and aggregates the divergences and the overbought and oversold conditions to determine a signal strength going from -100 to 100. You can choose the appearance of the signals, how sensitive you want the signals to be and the...
8X Trend ATR SAR Dingue V5 - This is the updated version for Pine Script 5. 8x indicator into 1 : 2x ATR indicator - 3x Trend indicator - 3x SAR indicator Trends are helpful to spot reversal and support resistance, especially on bigger time frames. This indicator gives you a global view of various trends all at once. You can easily turn them On or Off as to...
Hello All, I got some requests for a script that shows Fibonacci Levels of Higher Time Frame Candles. so I made/published this script. I hope it would be useful for you. Options: You can set Higher Time Frame, by default it's 1 Day. Optionally it can use Current or Last Candle of higher time frame to calculate/show its Fibonacci Levels. It can show higher...