This is live and non-repainting Point and Figure Chart Weis Wave Volume tool. The script has it’s own P&F engine and not using integrated function of Trading View.
Point and Figure method is over 150 years old. It consist of columns that represent filtered price movements. Time is not a factor on P&F chart but as you can see with this script P&F chart created on...
This is the popular Ichimoku Indicator with an easier way to adjust the settings that can help you in your trading.
Components of the Ichimoku indicator:
Tenkan Sen: Basically it is a moving average that goes from 7 to 9 periods.
Kijun Sen: Like Tenkan Sen, we are facing a moving average, but this time from 22 to 26 periods.
Chikou Span: It is the one that...
Provides a suite of functions to:
— Allow the selection of one of 3 color schemes, each containing a pair of bull/bear colors.
— Generate 10-level gradients for each color.
— Use two types of gradient calculations: one for unbounded and one for bounded signals. We call the 2 modes: Advance/Decline and Relative.
These gradients are designed to work with 2...
Divergences are well-known tool for finding trend reversals. Powerful, yet... unreliable. Sometimes they show up, sometimes they don't. Sometimes they really mean trend end, sometimes the trend continues. I've witnessed countless discussions about which indicator to hunt for divergences on. All pointless.
Earlier today I found a very inspirational script by...
This is the entry and exit part of a larger algorithm called the "BERLIN Renegade". It is based on the NNFX way of trading, with some modifications.
For entry, it consists of Modified Chaikin Oscillator and Advanced MACD. The Advanced MACD is not available on its own, but all others are publically
For exit it consists of the DIDI Index and the QQE...
This is my new trend lines script
The idea is to find Pivot Highs ( PH ) and Pivot Lows(PL) first.
Then, If current PH is smaller then previous PH (means no new higher high and possible downtrend) then draw trend line using them. and also it checks previous trend line (if exits) and if current angle is smaller then don't extend previous one.
Pivots detected at higher timeframes are more significant because more market activity—or work—is required to produce them. This indicator displays pivots calculated on the higher timeframe of your choice.
► Timeframe selection
— The higher timeframe (HTF) can be selected in 3 different ways:
• By steps (15 min., 60 min., 4H, 1D, 3D, 1W, 1M, 1Y). This...
Someone requested the strategy version of the Supertrend CCI indicator
It's a Supertrend not based on candle close but based on a CCI ( Commodity Channel Index )
How does it work?
Bull event: CCI crossing over the 0 line
Bear event: CCI crossing below the 0 line
When the event is triggered, the script will plot the Supertrend as follow
Volume can help confirm signals we might discover using other methods of technical analysis.
This indicator tracks volume intelligently. Its logic spots above-average turnover and then tests against the price change. BrkVol highlights sessions with heavy volume and directional moves. This can help take out the noise and help confirm the trend.
Tesla is a...
This is live and non-repainting Point and Figure Charting tool. The tool has it’s own P&F engine and not using integrated function of Trading View.
Point and Figure method is over 150 years old. It consist of columns that represent filtered price movements. Time is not a factor on P&F chart but as you can see with this script P&F chart created on time chart....
Continuing deeper and stronger with the screeners' educational series one more time
I - Concept
This screener detects whether the price goes above, below or stays in between the Ichimoku cloud
II - How did I set the screener
The visual signals are as follow:
- square: Above or Below
Then the colors are:
- green when above the cloud
- red when...
This indicator based on my volume MA that I design , it has 5 trend steps that are MTF length type (60,180,320 720,1440 min)
by doing this it easy to see the real trend more easy
my system is to start with 4 hour candle to see overall picture then we down to 1 hour etc.. I prefer 15 min candle
so how this method work?
the shorter trend will be at level 1,2,3...
The support and resistance methodology remain the most used one in technical analysis, this is mainly due to its simplicity, and unlike lots of techniques used in technical analysis support and resistances have a certain logic, price can sometimes appear moving into a channel, support and resistances allow the trader to estimate such channel and...
Script highlights the divergences in RSI worth taking notice of. By comparing current envionment to relative sample we can see more than
the standard divergences that many catch through analysis. This framework aims to remove the bias or noise many see when looking for any supporting
evidence to their given emotion on a market.
Hey Awesome Traders
I noticed people were so happy with my ZigZag lucemanb script and so I made one that is more user-friendly and customizable
Please note the original one is dedicated to developers, The code is very minimal for fast understanding when anyone wants to use it in their development
In this script, I have included several features like...