The OBV Heikin Ashi indicator is a modified version of the On-Balance Volume indicator that incorporates the Heikin Ashi transformation. This technical tool aims to provide traders with a smoother representation of volume dynamics and price trends. The OBV Heikin Ashi indicator combines the principles of OBV and Heikin Ashi to offer insights into the volume and...
HELLO: -This indicator is a waaaay simpler version of my other script - Moving Average-TREND POWER v1.1-(AS). HOW DOES IT WORK: -Script counts number of bars below or above selected Moving Average (u can se them by turning PLOT BARS on). Then multiplies number of bars by 0.01 and adds previous value. So in the uptrend indicator will be growing faster with every...
0)NOTE: This is first version of this indicator. It's way more complicated than it should be. Check out Moving Average-TREND POWER v2.1-(AS), its waaaaay less complicated and might be better.Enjoy... 1)INTRODUCTION/MAIN IDEA: In simpliest form this script is a trend indicator that rises if Moving average if below price or falling if above and going back to zero if...
Pivot points are a popular technical analysis tool used by traders to identify potential levels of support and resistance in a given timeframe. Pivot points are derived from previous price action and are used to estimate potential price levels where an asset may experience a reversal, breakout, or significant price movement. The calculation of pivot points...
The Powertrend is a range filter that is based off of volume, instead of price. This helps the range filter capture trends more accurately than a price-based range filter, because the range filter will update itself from changes in volume instead of changes in price. In certain scenarios this means that the Powertrend will be more profitable than a normal range...
The IKH Cloud V1.0 (nextSignals) is an Ichomoku-type indicator that can be used for various trading strategies. It's based on a ThinkScript study from @stephenharlinmd (aka nextSignals) that uses an instantaneous moving average as the base MA, and a custom trailing stop. Both of these components form the cloud. Indicator Components and Calculation The...
=== Version 1 Beta, Revision 400 === === Divergence Radar === === Jason Tang === DESCRIPTION: This script monitors several other indicators in the background, and when it detects certain combinations that indicate bullish or bearish divergences, it will create a buy or sell signal and shade the background green or red. The indicators that this script monitors: ...
This indicator is designed for scalping purposes. Users have the option to input the desired source and enable or disable the following indicators: Multiple EMA (Exponential moving average) Simultaneously displays multiple moving averages to quickly identify shifts in momentum and obtain confirmation from slower-moving averages. By default, the EMA display...
The Advanced Exponential Smoothing Indicator (AESI) provides a smoothed representation of price data using the exponential smoothing technique. It helps traders identify the overall trend and potential reversal points in the market. SETTINGS Length: The number of periods used for the calculation of the exponential moving average (EMA). Higher values provide...
The Liquidity Sentiment Profile is an advanced charting tool that measures by combining PRICE and VOLUME data over specified anchored periods and highlights within a sequence of profiles the distribution of the liquidity and the market sentiment at specific price levels. The Liquidity Sentiment Profile allows traders to reveal significant price levels,...
Dynamic Trailing Support & Resistance (DTSR) : Hello Traders !! DTSR is an objective dynamic support and resistance zone channel, Unlike subjective technical analysis DTSR finds S&R zones by calculating a range threshold within a given range over a specified lookback. FIB (Fibonacci) 38.2% and 61.8% retracement zones are also plotted for intermediate zones of...
Hello everyone! I am excited to release my trend correlation heatmap, or trend heatmap for short. Per usual, I think its important to explain the theory before we get into the use of the indicator, so let's get into the theory! The theory: So what is a correlation? Correlation is the relationship one variable has to another. Correlations are the basis...
Divergence Screener This script allows you to scan multiple assets and timeframes for bullish and bearish divergences based on the RSI (Relative Strength Index) indicator. Features Supports up to 40 different assets and timeframes for simultaneous scanning. Customizable settings for RSI period and source. Adjustable lookback periods for identifying...
The provided Pine Script code is an indicator script designed to identify and display flat tops and bottoms on a price chart. Inputs: showFlatTops (boolean): Determines whether to display flat tops. showFlatBottoms (boolean): Determines whether to display flat bottoms. enableAlerts (boolean): Enables or disables alerts for flat tops and bottoms. ...
Hello guys This script follows traditional technical indicators MACD, ADX, RSI and pivot points If the price is above the resistance and the MACD has crossover ,and the RSI 14 is above 50 ADX is higher than 20, and DI+ is higher than DI-. This is a buy signal and vice versa for a sell signal The script moves the stop loss to the entry price after the first target...
This indicator gives the user an easy way to check the conditions of the market. Up market should be good for breakout traders. Down market should be good for breakdown shortsellers The others should be good for pullback buyers. This script automaticlly check which index should be used for the depending on which ticker is view. If no match is found indicator will...
The VWAP Angle Trend is an indicator built with the aim of providing valuable insights into the reversal points of the #VWAP using Angle This is achieved by calculating the angle between the current VWAP and its previous value over a customizable lookback period and normalizing it with ATR By analyzing the angle, we can gain an understanding of the strength...
To be used on BINANCE USDT PERPETUAL charts. Automatically pulls the equivalent Binance Spot pair and plots the Spread of the Close in % terms( Value of 1 means 1% difference from Perp price) -Positive value means Spot is trading x% ABOVE the PERP -Negative value means Spot is trading x% UNDER the PERP