The "Multi Time Period Chart" indicator in Pine Script is designed to overlay multiple sets of boxes on the chart, each representing price movements on different timeframes. It allows traders to visually compare price action across various timeframes simultaneously. The indicator offers flexibility by allowing users to choose between automatic mode (where...
We determine if the price is below EMA 9 by comparing the close price with EMA 9. We determine if the current candle body is huge compared to the previous candle's body. We plot EMA 9 in black color and EMA 200 in green color. We plot blue triangles below the bars for EMA crossover above and red triangles above the bars for EMA crossover below. We set the color of...
I use this as a momentum indicator. I want to wait for the cloud to turn green and then look for a pullback to the cloud to signal an entry point.
Part 2/2. Used with 3 years tech understanding and development. Uses strict rules and regulations. use with volume
Part 1/2. Used with 3 years tech understanding and development. Uses strict rules and regulations.
This script calculates the Exponential Moving Average (EMA) based on the user-defined period and plots it on the chart. It also calculates the Highest High (HH) and Lowest Low (LL) based on another user-defined period and plots them as well. Alerts are triggered when the price crosses above (buy) or below (sell) the EMA. Remember, this script is just a starting...
//@version=4 study(title="4EMA 20,50,100,200", shorttitle="4EMA", overlay=true) EMA1 = input(20, minval=1, title="EMA20"), EMA2 = input(50, minval=1, title="EMA50") EMA3 = input(100, minval=1, title="EMA100"), EMA4 = input(200, minval=1, title="EMA200"), plot(ema(close, EMA1), color=color.green, linewidth=2) plot(ema(close, EMA2), color=color.orange,...
New Volume Spikes Strategy. The Average True Range (ATR) indicator is a technical analysis tool that measures the volatility of an asset. It can be used to create a trading strategy by identifying periods of high volatility and making trades based on those conditions. Here is an example of a simple ATR trading strategy: Calculate the ATR for the asset you are...
to compare forex pairs with dollar index . helps in if analyzing how different assets correlate with the strength or weakness of the USD.
The ICT Immediate Rebalance aims at detecting and highlighting immediate rebalances, a concept taught by Inner Circle Trader. The ICT Immediate Rebalance, although frequently overlooked, emerges as one of ICT's most influential concepts, particularly when considered within a specific context. 🔶 USAGE Immediate rebalances, a concept taught by ICT, hold...
Multiple EMAs under a single indicator with configurable timeframes. Defaults: 20/50/100/200 w/ day timeframe
Description: The Zig Zag - Taylan Kocyigit indicator is a custom version of the Zig Zag indicator designed by Taylan Kocyigit. It is intended to identify significant price movements by filtering out minor price fluctuations, thereby assisting traders in identifying key trends in the market. How it works: The Zig Zag indicator draws lines connecting...
New Volume Spikes Strategy. The Average True Range (ATR) indicator is a technical analysis tool that measures the volatility of an asset. It can be used to create a trading strategy by identifying periods of high volatility and making trades based on those conditions. Here is an example of a simple ATR trading strategy: Calculate the ATR for the asset you are...
gpt2-chatbot script Key Components of the Script: EMA Calculation: Two EMAs are used; a fast EMA (less period, more responsive) and a slow EMA (more period, less responsive). They help in identifying the trend direction and momentum. RSI Calculation: RSI measures the speed and change of price movements. The RSI levels indicated help to understand whether the...