The "Bullish Candlestick Patterns With Filters" is a trading indicator that identifies 6 core bullish candlestick patterns. This is further enhanced by applying channel indicator as filters, designed to further increase the accuracy of the recognized patterns. 6 CANDLESTICK PATTERNS Hammer Inverted Hammer Bullish Engulfing The Piercing Line The...
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...
This version of the Noise Area Pine Script, developed with the assistance of ChatGPT, includes adjustments for opening gaps to better account for overnight price changes that affect the market open. This Pine Script is designed to provide traders with a dynamic visualization of the Noise Area based on the volatility of the last 14 trading days. It calculates the...
Relative Average Extrapolation (ChartPrime) is a new take on session averages, like the famous vwap . This indicator leverages patterns in the market by leveraging average-at-time to get a footprint of the average market conditions for the current time. This allows for a great estimate of market conditions throughout the day allowing for predictive forecasting....
//@version=5 indicator("DMI -DI Above 40", shorttitle="DMI40+", overlay=false) length = 14 adxSmoothing = 14 // ADX 스무딩 기간 설정 = ta.dmi(length, adxSmoothing) plot(minusDI, color=color.red, linewidth=2) hline(40, "Threshold", color=color.blue, linewidth=2) alertcondition(minusDI > 40, title="DMI -DI Above 40", message="DMI -DI is above 40") minusDI_above_40 =...
This is a tool to help out traders who does initial range breakout trading. The initial range is set as 25 mins after the market open. 25 mins is plotted keeping in mind those traders who trade based on 5 mins candle. Logically, one week consists of 5 trading days and similarly, time frames are often looked as 5 times multiple. If someone, wants to trade based on...
bollinger bands alerts. tells you when there is a potential trend forming
//@version=5 indicator(title="Envelope", shorttitle="Env", overlay=true, timeframe="", timeframe_gaps=true) len = input.int(20, title="Length", minval=1) percent = input(10.0) src = input(close, title="Source") exponential = input(false) basis = exponential ? ta.ema(src, len) : ta.sma(src, len) k = percent/100.0 upper = basis * (1 + k) lower = basis * (1 -...
Input Parameters The script has three input parameters: · length: an integer input with a default value of 20, likely used for calculating moving averages or other indicators. · zoneSize: a decimal input with a default value of 1.5, likely used to define the size of the "holding zone". · entryZone: an integer input with a default value of 50, likely used to...
This script builds levels based on the High and Low of the previous trading day; a middle line is also added, which is the average value of these data. The indicator generates a long signal when the High level of the previous day is broken, as well as a short signal when the low is broken. The idea of the indicator is to capture volatility in the crypto market....
This is a new indicator that detects double inside bars with the condition that their base bar is either shifted above or below (i.e. both base bar's high and low are higher or lower than the mother bar's high and low respectively) it plots lines at the top and bottom of the mother bar and 2 TPs above and 2 TPs below.
This is fork of the previous Astro: Planetary Channel Lines indicator that now includes over a dozen different celestial bodies, made possible after the most recent update of the AstroLib library. Celestial Body Channel Lines is an approach to financial astrology that involves using the positions of the celestial bodies to predict trends and patterns in the...
20 This is a quantitative representation of where the stock lies within a band of plus or minus 2 sigma by finding the distance between the EMA and the current stock price.
Overview: The Absolute Move Bands indicator calculates the absolute value of the expected return, also known as "momentum" by some traders, and then displays it with standard deviation bands. The indicator also shows a moving average and a Kalman filter of the absolute move. If you take the expected return, you get what many traders commonly call "momentum."...
The Elder Ray Index is a technical indicator that combines the concepts of Bull Power and Bear Power with a Slow Moving Average. It helps identify potential trend reversals or continuations by analyzing the relationship between the price and the Slow MA. Bull Power represents the potential upside momentum, calculated as the difference between the high price and...
This indicator helps me set my take profit and stop losses faster.
This is the TSI indicators we use to decipher the current trend of the market.
1.Description: This script is designed to calculate the limit up and limit down prices for Taiwan stock market securities based on the previous day's closing prices. It incorporates the specific tick size rules used in the Taiwan stock market to ensure accurate and compliant price adjustments. 2.Key Features: Tick Size Rules: The script applies different...