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...
This indicator has a structure that combines daily and weekly pivot levels, moving averages, and strength index-linked oscillators. The purpose of the indicator is designed to analyze price movements and identify potential trend reversals. Daily pivot levels are helpful in identifying critical support and resistance zones, while moving averages and oscillators...
Introducing the long awaited Monday Range Screener by B1rd! The Monday Range Screener is a powerful and intuitive indicator designed to help traders identify potential range trading opportunities based on Monday's price ranges. With user-friendly features and real-time data, this screener empowers you to make informed trading decisions. Key Features: ...
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...
Exceptionally high volume and rapid price expansion are key markers of powerful moves, especially when they occur during a breakout or breakdown. The High Volume Expansion Channel (HVEC) uses our multi-timeframe fusion and price compression/expansion algorithms to look for high volume and rapid expansion from multiple higher timeframes at once. It uses this info...
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 Apeiron Fair Value Bands take into account a given MA and determine a Fair Value Area (FVA) for the price of a certain asset. The script plots a MA and a tolerance ribbon for it, as well as 2 bands (preset to 1 Standard deviations and 2 Standard deviations respectively, which can be manually changed) with a tolerance ribbon as well. This creates 3 areas of...
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...
This indicator displays two Bollinger Bands coming from two different time frames, chart's current one and a higher one. It analyzes these two Bollinger Bands data and combines them with RSI, MFI and MACD divergences and SuperTrend to identify areas of opportunity where price is the most likely to be at a local top or bottom. It uses probabilistic data, the...
The CurveBuilder is a versatile indicator that constructs channels using selectable input averages weighted together. It also incorporates scalable and shiftable offsets on the resulting bands. This indicator allows users to customize various settings to tailor the channel construction according to their trading strategy. here a example screenshot of 3...