Introduction The Fibonacci Retracement tool is a go-to for traders looking to spot potential support and resistance levels. By measuring the distance between swing highs and lows, you can apply Fibonacci ratios like 0.236, 0.382, and 0.618 to predict key market levels. Traditionally, these levels are set by dividing this distance into equal parts—known as...
The VWAP with Trend Alerts indicator is designed to provide a comprehensive visual and analytical tool for traders using the Volume Weighted Average Price (VWAP) along with additional features like custom bar coloring and trend-based signal alerts. Key Components and Functionalities: 1. VWAP Calculation: The core of this indicator is the VWAP, which represents...
This script combines a Volume-Weighted RSI, smoothed with a custom Hull Moving Average (HMA), with a modified MACD based on normalized net volume. Volume-Weighted RSI: It is calculated by adjusting the closing price with a normalized On-Balance Volume (OBV) and then applying an RSI. This approach weights the RSI according to volume, providing a more accurate...
Engulf Pattern by SM Overview: The " Engulf Pattern by SM" script is designed to identify bullish and bearish engulfing candlestick patterns on TradingView charts. Engulfing patterns are significant in technical analysis as they often indicate potential reversals in market trends. Features: - Bullish Engulfing Pattern Detection: The script identifies...
BTC_GO_LONG_SONG This script works like a special helper that watches two things: Bitcoin (a popular type of digital money) and the S&P 500 (which is like a big basket of important companies' stocks). Imagine Bitcoin and the S&P 500 are connected by an invisible elastic band. When they move together: The elastic band stays relaxed. When they move apart: The...
Imbalance Detection Script Author: © teshmi9z Script Name: Imbalance FVG Version: Pine Script® v5 Description: This script detects and highlights imbalances on the chart, areas where price movement has created a gap without immediate return, signaling potential zones of future support or resistance. The script identifies two types of imbalances: Bullish...
This Indicator calculates the logarithmic deviation of the BTCUSD price from its 20-week SMA and dynamically normalizes it between a lower signal line (-0.57) and an upper trendline defined by two historical points (May 30, 2011, at 1.75 and March 4, 2024, at 0.45). The indicator line color changes dynamically: green below 0 blue at 0.5 red above 1 Ideal...
This indicator uniquely maps and interprets key market conditions using Moving Averages, MACD, RSI, and Bollinger Bands. Unlike traditional indicators that only display visual signals, this tool provides written analysis directly on your chart as soon as specific conditions are met. This feature makes it easier to understand the market’s current state and...
This Pine Script indicator calculates and plots 17 predefined Fibonacci retracement levels based on the high and low of a user-defined number of previous candles. The levels are drawn on the chart for the most recent candles, as specified by the user, allowing traders to see how these historical Fibonacci levels align with the current price action.
"Forex Macro Metrics " is a powerful tool for analyzing macroeconomic metrics, designed to help traders make more informed decisions in the forex market. This indicator displays key economic indicators such as interest rates, money supply (M1 and M2), unemployment rate, and government debt for various currencies and their pairs, allowing users to assess the...
Dual Channel System The indicator incorporates two Donchian Channels - the Inner Channel and the Outer Channel. These channels are adjustable, allowing users to define their lengths according to their trading strategy. Inner Channel: With a default length of 100 periods, the Inner Channel provides a closer view of market trends and potential support and...
In simple terms, this indicator colors your chart bars based on the VIX levels. We know that high volatility is unstainable and will naturally regress to a calmer market, therefore highlighting the bars where VIX is at extreme highs can sometimes indicate a market turning point. Consider pairing this indicator with my VIX Heatmap indicator for a complete picture...
It forces the Open indicator to use the candlestick open values. For example, if you need to use a Heikin-Ashi chart with the Open indicator based on regular candlestick data, this indicator will ensure it does not change.
This indicator, called "UTS Chronos Levels ", is a Pine Script (version 5) overlay for Trading View charts. Purpose: The indicator displays key price levels from previous time periods (day, week, and month) on the chart. These levels can be used to identify potential support and resistance areas. Levels Displayed: Previous Day's High and Low Previous Week's...
Support, Resistance & Liquidity Pool Zones This indicator automatically detects and plots support and resistance levels based on pivot points and highlights liquidity pool zones, areas where the trading volume exceeds the average over a set number of bars. It is designed to help traders identify key price levels and liquidity traps that can trigger significant...
This Pine Script is designed to plot Buy and Sell signals based on the Relative Strength Index (RSI) for both 15-minute and hourly timeframes. It calculates the RSI values for the current 15-minute chart and requests the hourly RSI data for comparison. Buy signals are generated when the RSI crosses above 60 in either timeframe, while sell signals occur when the...
Enhancing Password Security with Pine Script: A Deep Dive into Brute-Force Attack Prevention 1. Introduction: The Importance of Password Security Why Password Security Matters: In today’s digital age, protecting sensitive information through strong passwords is vital. Weak passwords are vulnerable to brute-force attacks, where attackers try every possible...
Description: The NSE Trading Time Insights indicator is a powerful tool designed for traders on the National Stock Exchange (NSE) of India. It provides a comprehensive overview of different trading sessions throughout the day, offering valuable insights into market characteristics and potential trading strategies for each time period. Key Features: 1. Dynamic...