For traders that use the London Killzone session high/low to project possible take profit targets. The indicator will determine the current day London killzone high and low range and draw a range box to the right of the last candle on the chart. Drawing to the right of the chart keeps the workspace cleaner. The high/low range is then used to project Standard...
Introducing the "True Market Mean Bands" (TMMB) , a technical analysis tool designed for Bitcoin. TMMB provides a model of market valuation by integrating the concept of Vaulted Realized Price with dynamic volatility bands, offering traders insights into potential market movements. Core Concept and Utility: The TMMB centers around the Vaulted Realized Price,...
The CARNAC Elasticity Indicator (EI) is a technical analysis tool designed for traders and investors using TradingView. It calculates the percentage deviation of the current price from an Exponential Moving Average (EMA) and helps traders identify potential overbought and oversold conditions in a financial instrument. Key Features: EMA Length: Users can...
Price change indicator in the form of diagonal rows. The calculation is based on the percentage or tick deviation of the price movement (indicated in the "Deviation" parameter), which is displayed on the chart in the form of rows. The row consists of the base middle line, upper and lower limits: The middle line is the basis for the upper and lower limits of...
Variety Volatility Supertrend w/ Bands indicator is a powerful and highly customizable tool for traders. Building upon the foundational concept of the classic Supertrend indicator, this variant adds a plethora of user-driven options and features that can cater to diverse trading styles and market scenarios. The Supertrend indicator is traditionally used to...
EMA-Deviation-Corrected T3 is a T3 moving average that uses EMA deviation correcting to produce signals. This comes via the beloved genius Mladen. The origin of the correcting algorithm can be attributed to Dr. Alexander Uhl, who developed a method to filter the moving average and identify signals. Originally, this method utilized standard deviation as a measure...
In crypto assets, illiquid coins are often pumped on Korean exchanges. The purpose of this indicator is to show the price deviation of the three symbols xxx/USDT Spot, xxx/USD Perpetual and xxx/KRW in terms of USD. The xxx/USD Spot is set to a base value of 0 and the indicator shows how much the xxx/USD Perpetual and xxx/KRW Spot deviate from it. Example of...
- Overview Price based concepts incorporates a collection of multiple price action based concepts. Main component of the script is market structure, on top of which liquidity sweeps and deviations are built on, leaving imbalances the only standalone concept included. Each concept can be enabled/disabled separately for creating a selection of indications that one...
"Hello, first of all, I believe that the most important levels to look at are the weekly Fibonacci levels. I have planned an indicator that automatically calculates this. It models a range based on the weekly opening, high, and low prices, which is well-detailed and clear in my scans. I hope it will be beneficial for everyone. ***The logic of the...
This indicator serves to display the standard deviation model based on open price from the selected anchored timeframe. Per statistics the price may stay within the three sigma range most of the time, most significantly within first sigma range 68% of the time. If price breaks the statistical probabilities and out of the three sigma range entirely it could be...
Similar to how a donchian% of channel helps to visualize trend and volatility, this tool helps identify those same characteristics, if the oscillator is generally above the 50 mark, it is considered to be trending upwards, and the reverse if it is generally bellow 50.
Unleashing the Power of Trendlines with the "Strongest Trendline" Indicator. Trendlines are an invaluable tool in technical analysis, providing traders with insights into price movements and market trends. The "Strongest Trendline" indicator offers a powerful approach to identifying robust trendlines based on various parameters and technical analysis...
This volume indicator uses a long WMA to establish an average volume and calculates the standard deviation based on that average. Each deviation level from 1 to 3 is also plotted with the bar color gradually increasing in intensity when more than one standard deviation is exceeded.
Hello everyone, First of all, what is deviation? It can be said that the price goes down (or goes out) under the past pivot zone and enters the range again after lingering for a while. (I think so) I think there is a sign of trend reversal as it hunts the stops below (or above) the pivot zone as well. (RektProof also has a strategy for this.) In this indicator,...
Multi Timeframe Volume Weighted Average Price with Standard Deviation Bands I used the script "Koalafied VWAP D/W/M/Q/Y" by Koalafied_3 and made some changes, such as adding more standard deviation bands. The script can display the daily, weekly, monthly, quarterly and yearly VWAP. Standard deviation bands values can be changed (default values are 0.618, 1,...
This indicator visualizes in a straight forward way the distance price is away from the mean in absolute standard deviations (Z-score) over a certain lookback period (can be configured). Additionally I've included a moving average of the distance, the MA type can be configured in the settings. Personally using this indicator for some of my algo mean reversion...
a basic tool to retrieve statistics of the distribution of price range sequences.
For the best results, make sure to view this indicator on a bitcoin chart with a very long history (e.g. BNC:BLX)! This model treats Bitcoin as being comparable to commodities such as gold, silver or platinum. These are known as ‘store of value’ commodities because they retain value over long time frames due to their relative scarcity. It is difficult to...