this indicator creates the market structure with a little delay but perfectly. each zigzag is always drawn from highest to lowest. It also signals when the market structure is broken. signals fade over time. The table above shows the percentage distance of the price from the last high and the last low. zigzags are painted green when making higher peaks, while...
Publishing my trading system script. It consist of several conditions to happen in order to open a trade. Work best on ES/MES 5 minute timeframe. I like to use it with this settings: - UTC -6 (don't tick Exchange Timezone) and rest as default To enter a trade, the following conditions must be met: Entry 1: the opening range (8:30AM - 9:15AM UTC-6) must be defined...
Acknowledgement This indicator is dedicated to my friend Alexandru who saved me from one of these scam cuck wicks which almost liquidated me. Alexandru is one of the best scalpers out there and he always nails his entries at the tip of these wicks. This inspired me to create this indicator. What's a cuck wick? It's that fast stop-hunting wick that cucks...
Script that shows buy and sell signals for multiple indicators and divergences when there's a pivot in the price chart. The defaults are from my own laboration and don't hesitate to share your settings! Best of trading luck!
This indicator shows how far the price is from the Top and Bottom over a set period of time. The basic purpose of this indicator is to quickly compare how many symbols have risen over a certain period of time. For example, For example, let's say I want to see what the maximum increase is from the December, and how much it's currently down from there. Then,...
Medic trades using "Smart Money Concepts", and Medic's system revolves around the one taught by MentFX (i.e. Structure, Supply/ Demand Zone , and Confirmation). While this system per se doesn't require the use of a volume indicator, Medic has come to respect the OBV and Accumulation / Distribution . The OBV Ribbon is available in many a shape and form, but Medic...
The Return Abnormality Score indicator is designed to help traders identify potential reversals in price by detecting abnormal daily returns beyond a certain significance level. The indicator uses a normal cumulative distribution function to calculate the probability of the daily return and flags it when it exceeds the specified significance level. Traders can...
█ OVERVIEW The indicator analyses the volatility and reports statistics by the time of day. █ CONCEPTS Around the world and at various times, different market participants get involved in the markets. How does this affect the market? Knowing this gets you better prepared and improves your trading. Here are some ideas to explore: When is the...
Tool to visualize your favored sessions for the day ahead (4x custom sessions) -Input four custom sessions; they will be projected into the next day. -Toggle on/off each session independently. -Adjust multiplier UP to show more days of history (setting 0 = tomorrow only; setting 1 = today and tomorrow). -Increase number from 1>>125 to show historical...
What Does this Indicator Do? The Easy RSI Indicator color codes candles based on their RSI Value vs. Open / Close (Red / Green). It plots the current price and current RSI value on the chart in real-time. Additionally, when the RSI Value is in an oversold or overbought condition, it plots that signal on the chart in real-time. The initial candle color is the...
This indicator is designed to detect volume anomalies such as block orders, large institutional orders, and sweep orders. It works by comparing the current volume to the moving average of volume and identifying deviations that exceed a specified threshold. By detecting anomalous volume, it can help traders identify potential market-moving events and anticipate...
This is a calculator I've created to help visualize Target and Risk Levels based on leverage use to trade crypto. How to use it ? Basic Use: - Set the Direction of your trade - either Long or Short - Set the Leverage you use in your trade - it is crutial to define the risk and target levels - Set the Risk Amount you want to risk (in %) of your total balance (...
This is similar to the SPX Fair Value Bands indicator, but for QQQ. It is based on the Net Liquidity model: Net Liquidity = FED - RRP - TGA
Projecting Lunar Cycles/ half-cycles forward in time User sets the recent Full moon in history to anchor from; Indicator projects 1/2 cycles forward in time //inputs// -input number of full lunar cycles to project forward from input full moon time -choose color/opacity/border color/text display
🔶 METHODS • Pine Script™ introduces methods ( 1 , 2 )! Much kuddos for the developers, Tradingview, and all who has worked on it! • This educational script will show the simplified way of writing built-in methods, not to create a new method. 🔹 Simplified way of writing built-in methods: · Instead of: newArray =...
The sole purpose of this script is to demonstrate what's possible to make with Pinescript, namely to display images (2D Fractals in this case). The script consists of two functions: one that generates the values of a fractal and one that displays them (utilising table) with each cell being used as a "pixel". We can control the "resolution" of image, as well as...
The Detrending Filter was created by John Ehlers and this is a complementary indicator to one of my previous scripts: This indicator builds upon his previous work by attempting to detrend the underlying source data that is used to calculate the final result. He was able to create a leading indicator by removing the trend data and by using his previous...
This indicator displays 30 second opening ranges from Globex, Europe, and RTH sessions. From the RTH session range, it also displays infinitely generating Price Targets based on a % of the opening range size. I am retrieving the 30 second data using the new "request.security_lower_tf()" function. The importance of these levels is based on the idea that when the...