Overview The "Asset Drawdown & Drawdown HeatMap" indicator is designed for educational purposes to help users visualize and analyze the drawdowns of various assets. It highlights both recent and historical drawdowns, offering valuable insights into the performance and risk of different investments. Additionally, it can serve as a complementary analysis tool for...
🟣 Introduction Pivot Points are critical levels on a price chart where trading activity is notably high. These points are derived from the prior day's price data and serve as key reference markers for traders' decision-making processes. Types of Pivot Points : Floor Woodie Camarilla Fibonacci 🔵 Floor Pivot Points Widely utilized in technical...
The "Linear Regression Trend Channel" is a technical indicator designed to illustrate price trends and their volatility using linear regression. This indicator calculates the main linear regression line based on the user-defined period length and computes the standard deviation to form a trend channel. Key Features: - Linear Regression Calculation: Computes the...
▋ INTRODUCTION : The Buy-Sell Volume Bar Gauge is developed to provide traders with a detailed analysis of volume in bars using a low timeframe, such as a 1-second interval, to measure the dominance of buy and sell for each bar. By highlighting the balance between buying and selling activities, the Buy-Sell Volume Bar Gauge helps traders identify potential volume...
🔵 Introduction 🟣 Fair Value Gap (FVG) To spot a Fair Value Gap (FVG) on a chart, you need to perform a detailed candle-by-candle analysis. Here’s the process : Focus on Candles with Large Bodies : Identify a candle with a substantial body and examine it alongside the preceding candle. Check Surrounding Candles : The candles immediately before and...
This candle strength oscillator displays a smoothed rolling difference between the body range (close and open) and total candle range (high and low). When candles have small bodies, such as a doji, it can indicate weakness, when candles have essentially little to no wicks it can indicate strength. There are two modes of display for the strength trend to show...
US Presidential Elections (Names & Dates) Description : This indicator marks key dates in US presidential history, highlighting both election days and inauguration dates. It's designed to provide historical context to your charts, allowing you to see how major political events align with market movements. Key Features: • Displays US presidential elections...
Introducing Turbo Oscillator by RunRox, our new indicator that combines a multitude of useful and unique features, which we will detail in this post. List of Advanced Technologies: Real-Time Divergences: Detects discrepancies between price movements and oscillator indicators to forecast potential price reversals. Real-Time Hidden Divergences: We identify...
Weighted Moving Range with Trend Signals (WMR-TS) Technical analysis involves analyzing statistical trends from trading activity , such as price movement and volume, to make trading decisions. Technical indicators are mathematical calculations based on the price, volume, or open interest of a security or contract. They are used by traders to analyze price...
🔵 Introduction "Pivot Points" are places on the price chart where buyers and sellers are most active. Pivot points are calculated based on the previous day's price data and serve as reference points for traders to make decisions. Types of Pivot Points : Floor Woodie Camarilla Fibonacci 🟣 Floor Pivot Points Floor pivot points are widely used in...
The "ICT Single Candle Order Block (SCOB) " designed for traders who utilize the concept of Order Blocks in their trading strategy. Order Blocks are significant price levels where institutions or smart money have placed their trades, leading to potential future price reactions when these levels are revisited. This indicator focuses on identifying and highlighting...
🔵 Introduction "Smart Money" refers to funds under the control of institutional investors, central banks, funds, market makers, and other financial entities. Ordinary people recognize investments made by those who have a deep understanding of market performance and possess information typically inaccessible to regular investors as "Smart Money". Consequently,...
The strategy script provided is a trading algorithm designed to help traders make informed buy and sell decisions based on certain technical indicators. Here’s a breakdown of what each part of the script does and how the strategy works: Key Components: Hull Moving Averages (HMA): HMA 5: This is a Hull Moving Average calculated over 5 periods. HMAs are used to...
Inside Bar Setup Indicator Description The **Inside Bar Setup ** indicator is a powerful tool for traders to identify and visualize inside bar patterns on their charts. An inside bar pattern occurs when the current candle's high is lower than the previous candle's high, and the current candle's low is higher than the previous candle's low. This pattern can...
Inspired and based on ismailcarlik's Trend Lines, Supports and Resistances. Additions include an overall upgrade to Pinescript v5, changes in the way resistance and support levels are calculated, improved visual queues, and additional customization options. This indicator is meticulously crafted to provide traders with visual tools for identifying trend lines,...
The Double FVG BPR Indicator is a versatile tool that helps traders identify potential support and resistance levels through the concept of balanced price ranges. A Balanced Price Range (BPR) is a zone on a price chart where the market has found equilibrium after a period of price imbalance. It is identified by detecting a Fair Value Gap (FVG) in one...
The Average Session Range or ASR is a tool designed to find the average range of a user defined session over a user defined lookback period. Not only is this indicator is useful for understanding volatility and price movement tendencies within sessions, but it also plots dynamic support and resistance levels based on the ASR. The average session range is...
This strategy combines concepts from two popular TradingView scripts: Smart Money Concepts (SMC) : The strategy identifies key levels in the market (swing highs and lows) and draws trend lines to visualize potential breakouts. It uses volume analysis to gauge the strength of these breakouts. Smart Money Breakouts : This part of the strategy incorporates the...