Here’s a detailed description for your script, following the guidelines for clarity and originality: --- **Title:** God's of Liquidity **Description:** The "Gods of Liquidity" script is a comprehensive trading tool designed to help traders identify high-probability buy and sell opportunities based on a combination of liquidity levels, RSI-based sentiment...
Entropy in Technical Analysis Using TradingView Slide 1: Title Entropy in Technical Analysis Using TradingView Introduction to the concept of entropy Application in technical analysis Understanding the use of entropy as a market indicator Slide 2: What is Entropy? Definition and Origins: Entropy originates from thermodynamics and information theory. In...
Decline and Rise Detective TradingView Indicator (Best Timeframe: 1H or Higher) 1. Introduction The "Decline and Rise Detective " is a TradingView indicator designed to identify the hours within a trading day that experience the largest price declines and rises. This indicator provides a visual representation of this data, offering traders valuable...
Overview The 4C Data Table Suite is a versatile TradingView indicator, designed for traders who focus on the critical role of prior bar levels in their strategy. By highlighting the high and low points of previous bars, this tool aids in pinpointing crucial support and resistance zones, which often act as psychological triggers for market participants. The unique...
User-Defined RSI-Adaptive Dynamic Stop Loss (Long name is: User-Defined RSI-Adaptive Smart Dynamic Stop Loss (SDSL) Indicator) The User-Defined RSI-Adaptive SDSL Indicator is an enhanced version of the Smart Dynamic Stop Loss (SDSL) indicator. It provides a more adaptive risk management strategy by adjusting the stop loss level dynamically based on the Relative...
Overall Logic : The script is designed to help traders visualize and analyze price movements on the chart, where each 1% movement is highlighted with a corresponding symbol. Additionally, the table helps track and analyze the number and length of consecutive price movements in one direction, which can be useful for identifying trends and understanding market...
The RSI Momentum indicator generates buy and sell signals based on the Relative Strength Index (RSI) crossing specific thresholds. The Key difference is that we're using RSI overbought and oversold readings as the foundation for finding continuation signals in the same direction of that momentum. This solves the issue of trying to buy the bottom or sell the top...
Big Volumes Highlighter Overview: The "Big Volume Highlighter" is a powerful tool designed to help traders quickly identify candles with the highest trading volume over a specified period. This indicator not only highlights the most significant volume candles but also color-codes them based on the candle's direction—green for bullish (close > open) and red...
next candle price prediction Previous Day Data: prevHigh, prevLow, and prevClose are calculated to capture the high, low, and close of the previous day. This is used to understand the previous day's price range and sentiment. ATR Calculation: The Average True Range (ATR) is a measure of volatility. We use it to estimate how much the price might move up or down...
The indicator plots the total volume of the NYSE and NASDAQ exchanges and identifies periods with significant asymmetry between Up Volume and Down Volume. It can be used as an additional tool to confirm broad market sentiment. Chart shows Total Volume (TVOL) bars for SPY daily chart. Green bars for UVOL>>DVOL, Red for DVOL>>UVOL. Neutral bars are gray. Blue line...
Got it! Here’s some information in English specifically about the **RSI-based Moving Average (RSI-based MA)** that we wrote the Pine Script code for: ### RSI-Based Moving Average (RSI-based MA) An **RSI-based Moving Average (RSI-based MA)** is a technical analysis tool that combines the Relative Strength Index (RSI) with moving averages to provide more insight...
Bollinger Band + Mid Band This indicator combines the classic Bollinger Bands with enhanced customization options, allowing traders to fine-tune the settings according to their specific strategies. Key Features: Moving Average Flexibility: Choose between Simple Moving Average (SMA), Exponential Moving Average (EMA), or Weighted Moving Average (WMA) as the...
Cumulative Calculation: Summarizes the net volume (buying minus selling volume) cumulatively, providing a running total that reflects the aggregate trading pressure. Custom Timeframe Flexibility: Users can choose to analyze the volume on a custom timeframe, enhancing adaptability for various trading strategies. Color-Coded Visualization: Features an intuitive...
### Description This Pine Script indicator is designed for TradingView and provides functionality for drawing time-based boxes on the chart, as well as generating alerts and labels. It is particularly useful for visualizing specific time ranges within each trading day and managing alerts based on those time intervals. #### **Features:** 1. **Box Drawing for...
The Breadth Thrust Indicator, based on Zweig's methodology, is used to gauge the strength of market breadth and potential bullish signals. This indicator evaluates the breadth of the market by analyzing the ratio of advancing to declining stocks and their associated volumes. Usage: Smoothing Length: Adjusts the smoothing period for the combined ratio of breadth...
English : This Pine Script indicator, named "Cantom Chart - CL CTG vs BKD," uniquely analyzes the immediate state of oil futures contracts to determine if they are in contango or backwardation. The script uses the price ratio between the nearest (CL1) and the next nearest (CL2) NYMEX crude oil futures contracts. It multiplies this ratio by 100 for clarity and...
Overview This script draws horizontal lines based on the opening prices of daily, weekly, monthly, quarterly, and yearly candles. A unique feature of this script is the ability to overlay lines from previous periods onto the current period. For example, it can draw the opening price line of the current month as well as the line from the previous month. This...
** Crypto Volatility Index(VIX) ** Overview The Crypto Volatility Index (VIX) is a specialized technical indicator designed to measure the volatility of cryptocurrency prices. Leveraging advanced statistical methods, including logarithmic returns and variance, the Crypto VIX offers a refined measure of market fluctuations. This approach makes it particularly...