This is a rudimentary indicator to plot tweezer bottoms and tweezer tops. I use this primarily on the 15 minute, but may be applicable to other timeframes. Criteria for a Tweezer Bottom: - We were previously in a downtrend (determined by the color of the previous two candles) - The current candle is green - The current and previous candle have lower wicks - The...
Introducing " Supply and Demand Deluxe (Stock Justice) " - the ultimate TradingView indicator that revolutionizes how traders identify crucial supply and demand levels. With its unrivaled capabilities across multiple timeframes, this indicator offers a comprehensive toolkit for traders seeking an edge in the market. To fully harness the power of "Supply and...
Weekly Range Support & Resistance Levels Description: The Weekly Range Support & Resistance Levels analyzes weekly ranges and takes the average range of the last 30 weeks (default setting). It also takes the average +/- a standard deviation, and creates support & resistance levels/zones based on the weekly opening price. The levels will update each week,...
🟩 Tactical Analysis Part II: Levels of the Battlefield represents the evolution of our comprehensive suite, expanding on the success of Tactical Analysis Part I: High-Volume Recovery . This advanced tool seamlessly integrates components from PVSRA, the Market Maker Method by Steve Mauro, and Tino from Traders Reality's Hybrid System, equipping traders with a...
The Basic ByteBoost PRISM strategy is designed to operate in various market conditions by leveraging the concept of brownian motion theory, which refers to the unpredictable movement of particles suspended in a fluid. This characteristic of random motion can be effectively utilized for analyzing time series data, such as market candles. Based on this notion, we...
Colour Trend is an indicator that will give you a visual representation of the trend in a selected market, and alert you when the trend changes. The green colour represents a bullish trend (prices are going up), the red colour represents a bearish trend (prices are going down), and silver represents a neutral trend (prices are relatively stable). The script...
The ByteBoost PRISM strategy is designed to operate in various market conditions by leveraging the concept of brownian motion theory, which refers to the unpredictable movement of particles suspended in a fluid. This characteristic of random motion can be effectively utilized for analyzing time series data, such as market candles. Based on this notion, we are...
█ Concept Overview The Inner Circle Trader (ICT) methodology is focused on understanding the actions and implications of the so-called "smart money" - large institutions and professional traders who often influence market movements. Key to this is the concept of market structure and how it can provide insights into potential price moves. Over time, however,...
Scipio Pro's Damage Indicator detects strong momentum on tops and bottoms. It is intended for swing trading. The script analyzes both recent and less-recent price action and performs candle stick analysis. It also uses SDs and multiple Bollinger Bands to find dynamic levels for entries. A Bears Damaged signal emerges whenever there is convincing proof of...
Scipio Pro's EIP is a reversal indicator. It is based on two types of evidence. 1) Proof of Fatigue -- The move that triggers the signal is losing momentum 2) Proof of Excess -- The move that triggers the signal is excessive If both are the case, we get a signal. The script uses standard deviations and Bollinger Bands for measuring excess and the ATR for the...
A pivot strategy is a trading technique that involves identifying key price levels, called pivot points, where a financial instrument is likely to experience a change in direction. Pivot points serve as potential support and resistance levels, which can help traders make informed decisions on when to enter or exit positions, set stop-loss or take-profit orders,...
Jesse Livermore was a famous trader who made a fortune in the early 20th century through his unique approach to trading. While he did not leave behind a single, specific trading strategy that is attributed to him, I have tried to reproduce one. His trading strategy was based on understanding market trends and sentiment, and he used several technical indicators to...
The purpose of this script is to spot 4 hour pivots that indicate ~30 trading day swings. As VIX starts to drop options trading will get more boring and as we get back on the bull and can benefit from swing trading strategy. Swing trading doesn't make a whole lot of sense when VIX is above 28. Seems to get best results on 4 hour chart for this one. This indicator...
The purpose of this script is to spot 1 hour pivots that indicate ~5 to 6 trading day swings. Results indicate that swings are held approximately 5 to 6 trading days on average, over the last 6 years. This indicator spots a go long opportunity when the 5 ema crosses the 13 ema on the 1 hour along with the RSI > 50. It also spots uses a couple different means to...
🖖 Hi all! Check out my NOMMO AUTOMATE indicator for trend detection, trend change points, hedging opposite trend impulses. What the script do: ☑️ Detecting local and global trends and trend change points, detecting opposite to current trend impulses. How the script do it: ☑️ The indicator compares RSI indicators on chosen by user Trend TF1 and Trend TF2 and...
This script is based on the excellent Volume Profile / Fixed Range indicator by @LonesomeTheBlue, so all credit for the foundations of this indicator goes to @LonesomeTheBlue I basically made 5 instances of the original script and added horizontal lines at the beginning and end of the each Value Area. To use the script as a support and resistance tool without the...
What does this Indicator do? This Pivot Point Line Breach Indicator is a simple yet powerful tool that automatically plots lines at the high and low pivot point levels and extends the lines forward to the most recent real-time bar. When the price breaches a line, the line stops at that breach point. The unbreached lines, however, continue on until they are...
This is an old script that I use with some useful RSI strategies from "Technical Analysis for the Trading Professional" 2nd edition by Constance Brown. The base RSI comes with the option for custom length, and has some pre-configured ranges for looking at exits and entrances. The idea is to be bullish when bounces happen in the red zone during an already bullish...