Precise Gap Finder This indicator identifies Fair Value Gaps (FVGs) in price action and it is perfect for traders looking to exploit price imbalances and capitalize on trading opportunities. How It Works: The Precise Gap Finder detects Fair Value Gaps by analyzing three consecutive candles. A gap is identified when the middle candle’s price range (open to...
The volume indicator refers to the total amount of a financial instrument that has been traded within a specific time frame. This can include shares, contracts, or lots. Market exchanges track and provide this data. The volume indicator is one of the oldest and most widely used indicators in trading. It is typically represented by colored columns, with green...
◙ OVERVIEW Hi, Ivestors and Traders... This Indicator, the focus is Scott Cong's article in the Stocks & Commodities September issue, “VAcc: A Momentum Indicator Based On Velocity And Acceleration”. I have also added a trading strategy for you to benefit from this indicator. First of all, let's look at what the indicator offers us and what its logic is. First,...
Hello! This script was briefly known as as Bing Chilling. I converted this to Pine Script V5 to ensure compliance with publishing requirements. This script tracks RSI and inserts an indicator when correlated movement is detected. Proximity of current tick to indicator origin tick determines freshness of the indicator. DO NOT sit on the indicator for a long...
The indicator is named "Fresh Zones" Bullish Fresh Zone: - This part looks for a specific pattern in the price movement that indicates a potential bullish (upward) trend. - It checks if the current bar's low price is higher than the previous bar's opening price. - It also checks if the previous bar's closing price was higher than its opening price. -...
I'm excited to share with you a Pine Script™ that I developed to analyze GARCH (Generalized Autoregressive Conditional Heteroskedasticity) volatility. This script allows you to calculate and plot GARCH volatility on TradingView. Let's see together how it works! Introduction Volatility is a key concept in finance that measures the variation in prices of a...
The Sharpe Ratio Indicator is a widely-used tool designed to measure the risk-adjusted performance of an asset. The Sharpe Ratio helps investors understand how much excess return they are receiving for the extra volatility endured for holding a riskier asset. By comparing the return of an investment to the risk-free rate and accounting for the volatility of the...
This script provides a dynamic adaptive regression band indicator that adjusts based on recent market volatility. The regression bands are calculated using a length parameter adapted to the ATR (Average True Range) to ensure responsiveness to market conditions. Key Features: Dynamic Length Adjustment: The length of the regression calculation is adjusted...
(Extended republication, use this instead of the old one) The goal of this indicator is to show a “characteristic” of the instrument, regarding the price change and trading volume. You can see how the instrument “behaved” throughout the day in the lookback period. I've found this useful for timing in day trading. The indicator creates a table on the chart to...
This indicator, named "drkhashix Candle Power Comparison with RSI" or "RSI+CPC", first calculates the strength of green and red candles based on the average of two periods. The number one indicates a normal average. The higher the lines move, the stronger the candle powers become, and conversely, the lower they move, the weaker the powers become. We have four...
This IBD PowerTrend indicator is designed to help traders identify strong market uptrends based on the IBD Market School's Power Trend methodology. It is intended to be added to daily charts on major indexes. Concept and Methodology The IBD PowerTrend helps traders identify strong market uptrends. Markets generally exist in three states: uptrends, downtrends,...
The Relative Momentum Index The Relative Momentum Index (RMI) is an oscillator that is a variation of the Relative Strength Index (RSI), but incorporates momentum over a variable lookback period rather than just consecutive price changes, which can help identify reversals and filter out noise. It measures the momentum of price changes over a specified period,...
Description: This Volume Analysis indicator is designed to identify potential buying and selling pressures in the market by analysing volume and price changes in conjunction with dual Exponential Moving Averages (EMAs). Signal Identification: Buying Pressure: This signal is identified when: i) Volume is rising and the price is increasing. ii) The current...
### Strategy for Using Continuity Points with 20 and 9 Period Exponential Moving Averages, and Support and Resistance This strategy involves using two exponential moving averages (EMA) - one with a 20-period and another with a 9-period - along with identifying support and resistance levels on the chart. Combining these tools can help determine trend...
Description: Position Size Calculator is a versatile Pine Script tool designed to help traders manage their risk and position sizing effectively. This script calculates essential trading metrics and visualizes them directly on your chart, helping you make informed trading decisions. Features: - Account Size & Risk Management: - Account Size: Input your total...
The "CPR Lines" script, written in Pine Script version 5, is designed for use in the TradingView platform to help traders visualize Central Pivot Range (CPR) levels on their price charts. This script calculates and plots three essential pivot levels based on the prior trading day's high, low, and close prices, providing traders with key reference points for...
Historical Volatility with Adjustable Time Period and Moving Average This indicator calculates the historical volatility of an asset within a user-defined date range. Volatility is a measure of the dispersion of returns and is commonly used to assess the risk and potential price fluctuations of an asset. How It Works User-Defined Date Range: You can specify the...
Supply and Demand Key Levels These levels encompass key price points derived from various timeframes, providing crucial insights into market dynamics and potential trading opportunities. These levels include daily, prior day, day before yesterday, weekly, prior weekly, monthly, and prior monthly levels. Daily, Prior Day, Day Before Yesterday Levels Offer intraday...