This is a CPR which indicates pivot points based on monthly price action. The Orange line acts as a resistance area, blue lines act as pivot point/CPR and green one is support. One can study retrospective chart to analyse how market has respected these Support and Resistance levels. A guide on how to trade using this indicator? 1. If you see the resistance is...
The Psychological Support/Resistance indicator aims to provide the user with hypothetical support and resistance zones that are likely to provoke a strong reaction in price, either in both directions, providing good bouncing zones or significant movements once those levels are breached. 🔶 CALCULATION The script takes into consideration the total number of...
This indicator plots VWAPs anchored to each day of the week. VWAPs are considered "fair price" for both sellers and buyers and it's often times where the liquidity is found. From my trading I noticed how often times price likes to come back to the daily VWAP from the previous week, especially at the beginning and end of each week. For example, if we enter a long...
This indicator plots the opening range for each of the market sessions. Users can chose the length of the opening range, as well as change the time for each of the sessions. This script is based on opening range breakout strategies, which entail taking a long/short depending on which way the price breaks out. To trade it, we wait for the session opening range to...
A regular trading day on the New York Stock Exchange (NYSE) consists of two main sessions: the Opening Auction and the Closing Auction, separated by a continuous trading session. Here's a breakdown of the trading day: 1. **Pre-Opening Session**: This session starts at 4:00 AM Eastern Time (ET) and lasts until 9:30 AM ET. During this time, there is limited trading...
The "Percentile Based Trend Strength" (PBTS) calculates trend strength based on percentile values of high and low prices for various length periods and then identifies the current trend as either Bullish, Bearish, or N/A (No Trend). Here's a step-by-step explanation of the code: Percentile Calculations: For each specified length period (13, 21, 34, 55, 89, and...
This script can be useful in case of analyzing the impact of US presidential election on the past market. It has separated settings for showing Inauguration and Election labels.
If you use volume profile for analyzing Bitcoin, you may know that sometimes the decisions of big CEXs like Binance can change the volume of each symbol and so the analysis perceived from the data (which may not be valid anymore); Like when Binance decided to transfer the free transaction fee promotion from BTCUSDT to BTCTUSD pair or the new introduced BTCFDUSD...
In this script: We continue to calculate the bullish engulfing condition for monthly candlesticks (engulfingConditionM) as before. We then create two variables (engulfingConditionY and lastYear) to calculate the yearly engulfing condition. We use an if statement to check if the year has changed compared to the previous bar. If it has, we update the...
If you use volume profile, then you might have countered wanting to know a segment of the chart's volume profile relative to the whole volume profile. This indicator tries to solve that problem. When you add it to the chart, first it asks you the start and end point of the segment you want, then it draws the whole chart's volume profile and shows the selected...
The volatility indicator (Volatility) is used to measure the magnitude and instability of price changes in financial markets or a specific asset. This thing is usually used to assess how risky the market is. The higher the volatility, the greater the fluctuation in asset prices, but brother, the risk is also relatively high! Here are some related terms and...
Hey there! I previously wrote an article about the Larry Williams ViX Fix technical indicator. Soon after, friends from the TradingView community told me that this indicator could be combined with the Risk Assessment indicator I wrote about earlier to determine when to go long or short. At the time, I found it a bit cumbersome to use both indicators together, so I...
LETS MAKE FUNDAMENTALS GREAT AGAIN!!! This is a basic Script to show a list of financial metrics or key performance indicators (KPIs) that are commonly used to assess the financial health and performance of a company. Let's break down what each of these metrics represents: 1. Long-Term Debt (LTD): This represents the total amount of debt that a company owes...
I am proud to announce that the formerly secret "Key Earnings Levels" graphing tool will be freely available to TradingView users whereas before it was only available by monthly or annual subscription since its invention here at TradingView many years ago by Tim West. TradingView code writers wrote the original code for using this powerful tool and then Johannes...
A breakout long signal is generated when the current high crosses above the previous mother bar's high, and it's an inside bar. A breakdown short signal is generated when the current low crosses below the previous mother bar's low, and it's an inside bar. The script plots triangle shapes below breakout long signals and above breakdown short signals. Alert...
//Purpose/Premise: To project forward vertical 'cycle' lines based on user-input anchor points, and to search for confluence. The idea being that if several well-anchored cycles agree (i.e. we see multiple bunched vertical line confluence in the future), then this may add support to an already existing trade idea, or may indicate an increased likelihood of a...
This is a TradingView indicator script that identifies potential buy and sell signals based on ‘W’ and ‘M’ patterns in the Relative Strength Index (RSI). It provides visual alerts and draws horizontal lines to indicate potential trade entry points. User Manual: Inputs: The script takes two inputs - an upper limit and a lower limit. The default values are 70...
Tilson T3 Moving Average (T3MA) is a type of moving average line designed to reduce lag and improve the accuracy of trend identification. It is based on a combination of multiple smoothed moving averages, with each subsequent smoothed moving average having a higher weight than the previous one. The T3MA formula includes three different smoothing coefficients and...