what is Trend Catcher Strategy? it is a strategy that opens long or short positions in the direction of the trend. what it does? TCS detects trend formations using its own unique method. Then, it opens a position in the direction of the trend and closes a part of the opened transaction (half according to default values) when the price reaches a certain level, and...
The NYSE Tick indicator is a market breadth indicator used to determine short-term bullish or bearish market sentiment. The NYSE Tick index compares the number of stocks on the New York Stock Exchange that are ticking up to the number of stocks ticking down at a specific moment in time. When the NYSE Tick is hovering around the zero line, roughly the same number...
This indicator combines three popular technical analysis tools: RSI Bands: These bands are based on the Relative Strength Index (RSI) and visually represent overbought and oversold zones. The indicator plots upper and lower bands calculated using a user-defined RSI level and highlights potential buying and selling opportunities near these zones. Bollinger Bands:...
The Quadratic Moving Average (QMA) is an advanced smoothing indicator that provides a smoother and more responsive moving average by applying the Weighted Moving Average (WMA) methodology in a unique, multi-layered approach. This indicator is especially useful for identifying trends in highly volatile markets where data points vary...
The indicator combines two components: Exponential Moving Averages (EMAs) and Bollinger Bands. Exponential Moving Averages (EMAs): The indicator calculates four EMAs with different periods: 9, 13, 18, and 25. An Exponential Moving Average is a type of moving average that places a greater weight and significance on the most recent data points. As the name...
The Murrey Math indicator is a set of horizontal price levels, calculated from an algorithm developed by stock trader T.J. Murray. The main concept behind Murrey Math is that prices tend to react and rotate at specific price levels. These levels are calculated by dividing the price range into fixed segments called "ranges", usually using a number of 8, 16, 32,...
Changes candle color when close is within the top 25% or bottom 25% of candle range (High - Low) on the last candle update. Due to limitations of barcolor command, I'd suggest that you turn OFF the candle borders (chart settings--> right click on chart --> settings -->symbol and uncheck the border option) to ensure that the bar color is easily identifiable.
indicator made for index trading in indian markets under testing currently
This script plots Exponential Moving Averages (EMA) of 20, 50, 100, and 200 periods on the chart. EMAs are commonly used by traders to identify trends and potential reversal points in the market. The EMA smooths out price data to create a single line that follows the overall trend more closely than a simple moving average. By plotting multiple EMAs of different...
Description: The Taylor True Ranges - Deviations indicator in Pine Script 5.0 computes various price levels and averages based on Taylor's trading principles. It provides insights into potential buying and selling opportunities by analyzing deviations from average price movements. The indicator calculates and visualizes critical levels such as Decline Average,...
This script provides various information on Market Internals and other related info. It was a part of the Daily Levels script but that script was getting very large so I decided to separate this piece of it into its own indicator. I plan on adding some additional features in the near future so stay tuned for those! The script provides customizability to show...
- Overview Broad market index is a market breadth based oscillator, depicting broad market trend by analysing ratio between symbols moving up and symbols moving down in a given market. When market breadth is positive, more symbols are going up and when negative, more symbols are going down. As markets tend to correlate, broad market trend dictates likely path...
Introduction This indicator creates signals of interest for entering and exiting long and short positions on equities. It primarily uses up and down trends defined by the change in cumulative volume with some filtering provided by a short period exponential moving average (9 EMA by default). Settings Moving Average Period : The moving average over which...
Introducing an Enhanced Version of the Classic OBV Indicator The On-Balance Volume (OBV) indicator is a well-known tool among traders, celebrated for its ability to track momentum by using volume flow to predict changes in stock price. For an overview of the original OBV indicator, please visit: www.tradingview.com . What Makes This Version Different?...
This script defines an indicator called "Candle Range Extension" that calculates the range of each candle (high minus low) and then multiplies that range by 3 to get the extension distance. It then plots two lines on the chart: one line that extends 3 times the candle range above the candle's high (in green) and another line that extends 3 times the candle range...
It's a part of a script taken from the lux_Algo indicator and optimized with the BTCUSDT symbol to display the real status of sessions since the crypto market is always open. Key Features: Customizable Sessions: Choose from major global financial centers, including New York, London, Tokyo, and Sydney. Customize the parameters for each session according to your...
Simple indicator that allows you to compare the price's series vs. another selected (input) series. The scale is unbounded. If it's rising, that means the chart series is outperforming the compared against series, otherwise it's underperforming it. The compared against series is usually a relevant index, e.g. marketwide like US500, or a sector series, or in the...