Slopes are an increasingly key concept in Technical Analysis. The most basic type is to calculate them on the prices, but also on technical indicators such as moving averages and the RSI. In technical analysis, you generally use the RSI to detect imminent reversal moves within a range. In the case of the Blue indicator, we are calculating the slope of the market...
In India Weekly options expire on Thursday and that creates a different price action candle than the week timeframe. My previous script Weekly Options Expiry Candle has some limitations. This script overcame those limitations and added some features. You can use this in any intraday time frame candle. It will show: All expiry candle in box format Expiry...
█ OVERVIEW This is a divergence indicator based on Relative Strength Index (RSI). My attempt to make this indicator updated based on latest pine script features such as type, object and method. █ FEATURES 1. Color of plot and label is based on contrast color of chart background. Able to customize color from style menu. 2. Big divergence (Regular Divergence)...
Multi-Timeframe High Low Levels (@JP7FX) This Price Action indicator displays high and low levels from a selected timeframe on your current chart. These levels COULD represent areas of potential liquidity, providing key price points where traders can target entries, reversals, or continuation trades. Key Features: Display high and low levels from a...
The Multi-Timeframe Trend Indicator (MTFTI) is a trend analysis tool designed to help traders quickly and easily assess the market direction across multiple timeframes. With the help of a table to visualize the trends on different timeframes. Key features: Multi-timeframe trend indicator for the following timeframes: 5 minutes, 15 minutes, 30 minutes, 1 hour,...
WOAH Order Scaling! This Provides a user with methods to create a list of profit targets and order sizes which grow or shrink. For size, the will add up to specific sum. for Targets they will include the first and last, and can lean towards either, to scale the order grid. And thanks to @Hoanghetti for the markdown, i've included a basic usage example within...
Title: Mean Reversion and Trendfollowing Introduction: This script presents a hybrid trading strategy that combines mean reversion and trend following techniques. The strategy aims to capitalize on short-term price corrections during a downtrend (mean reversion) as well as ride the momentum of a trending market (trend following). It uses a 200-period Simple...
▮Introduction Stochastic Momentum Index (SMI) Indicator is a technical indicator used in technical analysis of stocks and other financial instruments. It was developed by William Blau in 1993 and is considered to be a momentum indicator that can help identify trend reversal points. Basically, it's a combination of the True Strength Index with a signal line to...
Library "DiddlyUtility" TODO: add library description here getStringTimeMinus1Minute(london_ssth, london_sstm) Parameters: london_ssth london_sstm getLadderStepIncrement(_price) Parameters: _price getLadderIndexForPrice(_price, _ladderRange) Parameters: _price _ladderRange getLadderStartPriceRange(_price,...
The Flash-Strategy (Momentum-RSI, EMA-crossover, ATR) Are you tired of manually analyzing charts and trying to find profitable trading opportunities? Look no further! Our algorithmic trading strategy, "Flash," is here to simplify your trading process and maximize your profits. Flash is an advanced trading algorithm that combines three powerful indicators to...
General Description and Unique Features of this Script Introducing the Advanced VWAP Momentum-Pullback Strategy (long-only) that offers several unique features: 1. Our script/strategy utilizes Mark Minervini's Trend-Template as a qualifier for identifying stocks and other financial securities in confirmed uptrends. Mark Minervini, a 2x US Investment Champion,...
Title: Cycle Position Trading Strategy v1.0 Description: Cycle Position Trading Strategy is a simple yet effective trading strategy based on a 200-day Simple Moving Average (SMA). Users can select between two modes, "Buy Uptrend" and "Buy Downtrend," to customize the strategy according to their trading preferences. The strategy allows users to set their own stop...
Library "MomentumIndicators" This is a library of 'Momentum Indicators', also denominated as oscillators. The purpose of this library is to organize momentum indicators in just one place, making it easy to access. In addition, it aims to allow customized versions, not being restricted to just the price value. An example of this use case is the popular...
Some Brokers like Forex.com don't show Volume for FX. This indicator allows user to import Volume from a range of FX brokers that DO show volume -Combine the reported volumes from all five brokers: FXCM, GLOBALPRIME, PEPPERSTONE, Currency.com, OANDA. Or pick a specific broker to import volume from. -Image above shows combined Volume from the big 5 brokers, with...
Relative strength (RS) is a measure of a stock's price performance relative to the overall market. It is calculated by dividing the stock's price change over a specified period by the market's price change over the same period. A stock with a high RS has outperformed the market, while a stock with a low RS has underperformed. (Stock can any asset that can be...
Traders always need a confirmation of momentum in price action to ride the swings. Momentum Play Indicator consists of the below: Bullish Conditions : 1)EMA 8 above EMA 34 and rising 2)Candle close above 5 candle high 3) RSI above 60 4) Volume above 5 candles avg. volume 5) ADX above 20 Bearish Conditions : 1)EMA 8 below EMA 34 and falling 2)Candle close below...
Library "Utils" Utility functions. Mathematics, colors, and auxiliary algorithms. setTheme(vc, theme) Set theme for levels (predefined colors). Parameters: vc : (valueColorSpectrum) Object to associate a color with a value, taking into account the previous value and its levels. theme : (int) Theme (predefined colors). 0 = 'User defined' 1 =...
Asset Selection Indicator This is a table what will help you to see what asset's are optimal to use in your portfolio or strategies. By different metrics what are ploted on a table you will see how each individual asset performe compare to other Sharpe, sortino, omega ratio's are very valueble metriscs in bulding portfolio and now you can easly see them without...