The Liquidity Price Depth Chart is a unique indicator inspired by the visual representation of order book depth charts, highlighting sorted prices from bullish and bearish candles located on the chart's visible range, as well as their degree of liquidity. Note that changing the chart's visible range will recalculate the indicator. 🔶 USAGE The indicator can be...
This indicator presents an alternative approach to identify Market Structure. The logic used is derived from learning material created by @DaveTeaches When quantifying Market Structure, it is common to use fractal highs and lows to identify "significant" swing pivots. When price closes through these pivots, we may identify a Market Structure Shift (MSS) for...
The Breakout Detector (Previous MTF High Low Levels) indicator highlights breakouts of previous high/low levels from a higher timeframe. The indicator is able to: display take-profit/stop-loss levels based on a user selected Win/Loss ratio, detect false breakouts, and display a dashboard with various useful statistics. Do note that previous high/low levels are...
The Ranges With Targets indicator is a tool designed to assist traders in identifying potential trading opportunities on a chart derived from breakout trading. It dynamically outlines ranges with boxes in real-time, providing a visual representation of price movements. When a breakout occurs from a range, the indicator will begin coloring the candles. A green...
The Targets For Overlay Indicators is a useful utility tool able to display targets during crossings made between the price and external indicators on the user chart. Users can display a series of two targets, one for crossover events and another one for crossunder event. Alerts are included for the occurrence of a new target as well as for reached targets. 🔶 ...
The Targets For Many Indicators is a useful utility tool able to display targets for many built-in indicators as well as external indicators. Targets can be set for specific user-set conditions between two series of values, with the script being able to display targets for two different user-set conditions. Alerts are included for the occurrence of a new target...
The Market Structure (Breakers) indicator aims to detect "Breaker Market Structures", an original concept inspired by breaker blocks, and extend on the original concept of market structures by extending existing MS levels, providing supports/resistances as a result. Various graphical elements are included that highlight the interactions between price and Breaker...
The Liquidation Meter aims to gauge the momentum of the bar, identify the strength of the bulls and bears, and more importantly identify probable exhaustion/reversals by measuring probable liquidations. 🔶 USAGE This tool includes many features related to the concept of liquidation. The two core ones are the liquidation meter and liquidation price...
The "Order Blocks W/ Realtime Fibs" indicator is a comprehensive tool combining the concepts of order blocks with Fibonacci retracement. The combination can be a powerful tool for identifying entry and exit points, and potential target areas. Order blocks indicate where major players have likely placed their orders, while Fibonacci levels provide a mathematical...
The "MA Sabres" indicator highlights potential trend reversals based on a moving average direction. Detected reversals are accompanied by an extrapolated "Sabre" looking shape that can be used as support/resistance and as a source of breakouts. 🔶 USAGE If a selected moving average (MA) continues in the same direction for a certain time, a change in that...
If you are not yet familiar with OTT, this script could provide an introduction to help you get started. "Optimized Trend Tracker" (OTT) is an effective trend-following indicator created by Anıl Özekşi . It aims to detect the current trend direction based on an elegant mathematical construct. The key defining characteristic of OTT is its reliance on a...
The Standardized SuperTrend Oscillator (SSO) is a versatile tool that transforms the SuperTrend indicator into an oscillator, offering both trend-following and mean reversion capabilities. It provides deeper insights into trends by standardizing the SuperTrend with respect to its upper and lower bounds, allowing traders to identify potential reversals and...
🎲 Introducing the RSI-Divergence Goggle 🎯 Revolutionizing Divergence Analysis in Trading While the concept of divergence plays a crucial role in technical analysis, existing indicators in the community library have faced limitations, particularly in simultaneously displaying divergence lines on both price and oscillator graphs. This challenge stems from the...
This indicator provides a high-resolution and high-precision implementation of Volume Profile with flexible range settings. Its key features include: 1. Support for a high resolution of up to 2,500 rows. 2. Capability to examine lower timeframe bars (default 5,000 intra-bars) for enhanced precision. 3. Three range modes — "Visible Range", "Anchored Range", and...
This indicator should be used in conjunction with a solid risk management strategy that does not over-leverage positions and uses stop-losses. You can not rely 100% on the signals provided by this indicator (or any other for that matter). With that said, this indicator can provide some excellent signals. It has been designed with a large number of customization...
Ticker: AMEX:SPY , Timeframe: 1m, Indicator settings: default General Purpose This script is an upgrade to the classic Bollinger Bands. The idea behind Bollinger bands is the detection of price movements outside of a stock's typical fluctuations. Bollinger Bands use a moving average over period n plus/minus the standard deviation over period n times a...
Pocket Pivot Breakout Indicator The pocket pivot breakout indicator will show a blue arrow under the candle if both the following conditions are met: 1. The percentage change of the candle on that day from open is greater than 3%. 2. The volume on the day of 3% candle is higher than the highest red volume in the past 10 days. The second condition is based on the...
Plotting a configurable higher timeframe on current chart's timeframe helps visualize price movement without changing timeframes. It also plots FVG and Volume Imbalance on the higher timeframe for easier visualization. With ICT concepts, we usually wait for HTF break of structure and then find an entry on a lower timeframe. With this indicator, we can set it to...