HSRL provides an indicator of how support and resistance are changing over time. It calculates the percent change in lows, and percent change in highs, then plots them. The HSRL is calculated as the support change - the resistance change. Can be effective in confirming trends, with green being the most bullish, yellow being semi bullish and red being a bearish...
Congestion zone include at least 3 candle sticks that the next candle has an opening and closing price within the previous candle When the price returns to the congested zone there is a possibility of a reversal The congestion zone is used as a support-resistance area and is used by price action traders. This script will highlight congestion zones, this will help...
This is dual band dynamic S/R indicator It works on longger swing than BB 20,2 band rage, and I think It works well. even on the rapid price change, it quite woks well. If price goes out of 1st S/R band range, 2nd S/R band shows up on the chart. Because of large bandwidth, An area in which an actual candle is drawn may be displayed as small. So, with some...
This indicator, based on the ATR, allows you to identify the potential reversal on price and helps you identify the Support and Resistance. When the price moves far away from the multiple moving average, the background color changes : - Red for Short potential entry - Green for Long potential entry There are 2 ways to use this script : - Conservative : Use it...
1. Vegas channel The Vegas channel indicator is very effective as a short, medium and long-term trend observation indicator, and it has obvious support and resistance functions. 2. EMA200+MA200 Usually ema200 or ma200 is used as a watershed for fund institutions to evaluate the long-short trend of a stock trend. 3. Big volume box Big volume is often used as a...
If you want to be alerted when a price closes above or below a given level(s), then this indicator is for you! 😁 Whether you're looking for a breakout, or some change of structure, etc, this should come in handy. Usage: Just add a level(s) (anything above 0). Optionally plot lines. Set alerts as normal. Enjoy!
This is a very important volume-price indicator for me. Displays the average cost of chips for the short term (30 days), medium term (60 days), and long term (200 days). Chip lines act as support and resistance. The longer the trend days, the greater the strength. usage: 1. Breakout: If the stock rises, it must be above the short-term chip line. And gradually...
█ OVERVIEW The indicator introduces a new representation of the previous days, weeks, and months highs & lows ( DWM HL ) with a focus on untapped levels. █ CONCEPTS Untapped Levels It is popularly known that the liquidity is located behind swing points or beyond higher time frames highs/lows (in a sense, an intraday swing point is a day high/low)....
This '4C Daily Levels Suite + Premarket High/Low' indicator is a clean way to automatically plot important daily levels including: Prior Day High Prior Day Low Prior Day Close 50% level between Prior High/Low Today's Open Today's Premarket Low+High This Daily Levels indicator is unique in its ability to: -Plot all of the daily level PLUS premarket high/low...
This Support and Resistance and Trend Channel indicator is based on: Stocks & Commodities V. 40:13 (20–22): Magical Midpoint Of 52-Week High & Low by Ketan Asher This indicator seems to work better over higher timeframes, as the article suggested. It also seems to work better with stocks, not so much with currencies. This may be due to the crowd psychology...
ENGLISH FiboLevels uses standard deviation (a measure of market volatility). For me, more successful parameters were EMA, 500 days, showing levels 50 and 100. The standard RSI 14 indicator helps to determine the levels, you can use its values to navigate the levels if the price approaches any line, and the RSI is in the overbought or oversold zone, that is, there...
// How it Works \\ Calculating Previous Days, Weeks and Monthly open, high, low, close and vwaps Plots these levels on your chart // Settings \\ You can enable/disable any of the levels you want to see You can also change the amount of bars back the levels are plotted back to // Use Case \\ These levels are often used in different methods of Technical analysis...
// How it Works \\ Measuring the distance of the close price from a higher timeframe VWAP - Volume Weighted Average Price There is a threshold which is calculated by looking back at the previous x amount of bars and storing the highest/lowest values If the distance from the vwap stretches above that threshold, the histogram will go green if price is above VWAP and...
Mansfield Long-Range Background. From Stan Weinstein's book. This plots the high-low range for the last N years, including the current year. It gives us an idea of any long-term resistance or support in play, which may affect how a trend behaves. Note that one could just as easily check the yearly chart to get what this is showing, but it's convenient to have a...
// How it Works \\ Order Blocks based on pivot reversal candle When a pivot High or Pivot Low is found and confirmed, a box will be plotted on the open and close values of that pivot candle // Settings \\ In the settings you have the ability to change the distances required to confirm an pivot High or Low These are the lengths where the script checks to see if it...
This is an indicator that marks off Major whole/quarter levels Between each major whole they are 1000 pips and that can be quarter and give you major quarter levels of 250 pips Each of the major whole number can be divided into 10 - 100 pip ranges(giving you minor whole number), and you can in turn quarter these to give you 25 pips. This is the lowest...
Simple SuperTrend indicator giving you the option to display two SuperTrends on a single script plus additional customization features. Dual setup inspired by Income Sharks 🦈
AUTO FIBONACCI FROM PREVIOUS D/W/M/Q/Y HIGH & LOW WITH PERCENTAGES & ALERTS This is an auto fibonacci level generating indicator that uses the high and low from the previous day, week, month, quarter or year. It also has a table with real time updates of how far away the nearest fibonacci levels are above and below the current price, represented in percentages....