The script is a "Confluence Indicator with Fibonacci" designed to work on the TradingView platform. This indicator combines multiple technical analysis strategies to generate buy and sell signals based on user-defined confluence criteria. Here's a breakdown of its features:
Confluence Criteria: Users can enable or disable various strategies like MACD, RSI,...
Smart Money Flow Pro (MI02b) indicator shows Buyer / Seller activities by calculating series of Price & Volume data, over a certain period of time.
It analyses Institutional fund possible behavior from the pool of data derived from price volume movement every trading day.
RED bar represents percentage of stock holders are currently in profit.
Purple line is RED...
The Median Convergence Divergence (MCD) is a derivative of the Moving Average Convergence Divergence (MACD). The difference is the change in the use of the measure of central tendency. In MACD, moving average (mean) is used, whereas, in MCD, the median is used instead. The purpose of using the median is to eliminate the outlying values, which would...
HuD MultiColor Dragon Pro+ is a trend indicator.
- It measures the strength of Bull(Uptrend) and Bear(Downtrend).
- Bull strength is represented by red bar.
- The higher the red bar, the stronger is the trend (Uptrend).
- If the red bar exceeds Level 50 and follows by continuous increment, it means that stock is ready to make strong uptrend movement.
- If red bar...