Hello! Today, I am delighted to introduce you to the "EMA Power Bands" indicator, designed to assist in identifying buying and selling points for assets moving in the markets. Key Features of the Indicator: EMA Bands: "EMA Power Bands" utilizes Exponential Moving Average (EMA) to create trend lines. These bands automatically expand or contract based on the...
Hello! Introducing a multi-faceted indicator "Liquidation Ranges + Volume Dots" - this indicator replicates the volume dot tools found on various charting platforms and populates a liquidation range on crypto assets! Features Volume/OI dots populated according to user settings Size of volume/OI dots corresponds to degree of abnormality Naked level...
The field of technical analysis is consistently expanding, with numerous indicators used for market forecasting. Amongst them, a novel indicator dubbed the Adaptive Price Channel (log scale), inspired by the renowned Nadaraya-Watson Envelope (LuxAlgo) from LuxAlgo, is gaining traction for its distinctive features and versatility. Unlike its predecessor, the...
The central aspect of this indicator is the computation of a normalized close price. The normalized close price is computed by first determining the highest and lowest closing prices over a specified historical period. This highest and lowest value form the boundaries of the historical price range. Once these bounds are established, the current closing price's...
I have designed a "Price Acceleration" Indicator (PAI). It tracks the second derivative in price movements. This is different from ROC as that one measures Price Velocity rather than Acceleration. This Indicator should give you an idea of when the steam has come out of a move, or when one is getting started. For example, if RSI is reaching overbought, and PAI is...
nput Variables: The user can adjust the lookbackPeriod and m (multiplier) inputs. The lookbackPeriod specifies the number of previous bars used for regression calculations, and m is used to calculate the confidence interval width. Calculate Regression Model: The code extracts open, high, low, and close prices for the current candle. It then performs regression...
Description: The Oscillator Profile Indicator (OPI) is designed to provide insights into market trends and potential reversal points by profiling the value distribution of an oscillator or the price chart over a specified lookback period. The OPI works by calculating the Point of Control (PoC) for the oscillator values or prices in the given lookback period....
Why I develop this indicator? In future indices, post market data with little volume distort the moving average seriously. This indicator is to eliminate the distortion of data during low volume post market hours. How to use? There is a time session setting in the indicator, you can set the cash hour time, moving average outside the session will be...
In the fast-paced world of trading, having a reliable and accurate indicator can make all the difference. Enter the Nadaraya-Watson Envelope Indicator, a cutting-edge tool designed to provide traders with valuable insights into market trends and potential price movements. In this article, we'll explore the advantages of this non-repainting indicator and how it can...
The Multi-Band Breakout Indicator was created to help identify potential breakout opportunities in the market. It combines multiple bands (ATR-Based and Donchian) and moving averages to provide valuable insights into the underlying trend and potential breakouts. By understanding the calculations, interpretation, parameter adjustments, potential applications, and...
-INTRODUCTION: This is the first of three scripts I intend to publish using rainbow indicators. This script serves as a groundwork for the other two. It is a RAINBOW MOVING AVERAGES indicator primarily designed for trend detection. The upcoming script will also be an indicator but with overlay=false (below the chart, not on it) and will utilize RAINBOW BANDS and...
This script draws two sets of standard deviation channels on the price chart, providing a nuanced view of price volatility over different lengths. The script starts by declaring a set of user-defined inputs allowing traders to customize the tool according to their individual requirements. The price input sets the source of the price data, defaulting to the...
The Daily SPY Plan indicator is a technical analysis tool designed to provide traders with a visual representation of price levels and take profit points for the SPY (S&P 500 ETF) on a daily timeframe. This indicator utilizes the Average True Range (ATR) to calculate projected price levels and take profit points, aiding traders in identifying potential breakout...
The "Order Block & Fractal Zones (OBFZ) Indicator." indicator is a technical analysis tool designed to identify and display key price levels on a chart. It utilizes the concept of Order Blocks and the Fractal Value Zone (FVG) to highlight potential support and resistance areas in the market. The indicator marks bearish and bullish Order Blocks, which are...
EDRI EXTREME POINTS BUY & SELL INDICATOR This Buy and Sell (non-repainting) indicator uses signals based on the combined CCI/Momentum and RSI indicators and optional regular divergence. The idea of the indicator is to look for a potential reversal after the price reached extreme points (overbought or oversold) and signals an entry when the price shows signs of...
The Filtered Momentum Indicator (FMI) is a tool created to assist traders in identifying changes in momentum and gaining insights into potential shifts in price trends. By combining the concepts of momentum and Bollinger Bands, the FMI offers a unique perspective on momentum values and their relationship to price movements, helping traders make informed trading...
About Grid Bots A grid bot is a type of trading bot or algorithm that is designed to automatically execute trades within a predefined price range or grid. It is commonly used in markets that exhibit ranging or sideways movement, where prices tend to fluctuate within a specific range without a clear trend. The grid bot strategy involves placing a series of buy...
The "Dynamic Trend Ripper" indicator is designed to identify dynamic support and resistance levels based on exponential moving averages (EMA) and the average true range (ATR). It aims to assist traders in identifying potential trading opportunities by visualizing dynamic support and resistance areas on the price chart. Think of it as more of overbought or oversold...