A fair value gap is especially popular among price action traders and occurs when there are inefficiencies or imbalances in the market, or when the buying and selling are not equal. Fair value gaps can become a magnet for the price before continuing in the same direction. 🔶 Key Features : Fair Value Gap Identification: Bullish fair value gaps occur when the...
What is a Bayes Estimator? Bayesian estimation, or Bayesian inference, is a statistical method for estimating unknown parameters of a probability distribution based on observed data and prior knowledge about those parameters. At first , you will need a prior probability distribution, which is a prior belief about the distribution of the parameter that you are...
🔵 Introduction In "Price Action," an "Order Block" is essentially an area on the price chart where significant players such as institutional traders have executed their moves by placing noteworthy orders. These points often indicate areas where price either attempts to break through (resistance) or returns when it reaches there (support). Therefore, when...
Overview The swing indicator is designed to offer traders a comprehensive analysis of market trends and volatility by integrating Bollinger Bands and the Average True Range (ATR). It aids in the visualization of price movements and volatility across multiple time frames, thereby providing insights into potential buy and sell opportunities. Key Features - ...
The script calculates and displays probability bands around price movements, offering insights into potential market trends. Setting Up the Script Window Size: Determines the length of the window for the Nadaraya-Watson estimation. A larger window smooths the data more but might lag current market conditions. Bandwidth: Controls the bandwidth for the kernel...
Description: Introducing the EMA Indicator with Dynamic Labels, a unique addition to the TradingView Public Library. This innovative script enhances trend analysis and decision-making by overlaying four Exponential Moving Averages (EMAs) – 20, 50, 100, and 200 periods – on your chart, each with a distinct color for quick identification. What sets this script...
This indicator is a suite of tools that aims to provide traders with efficient metrics to analyze the market in a different way, such as various types of Open Interest, Intraday Volume, and Liquidations. This indicator can both save time and also provide a different approach to the usual price action trading style. 🔶 FEATURES The indicator contains the...
Introduction: Origin of the Swing Point Indicator In the quest for a reliable indicator that accurately predicts trend directions and identifies valid highs and lows, the genesis of the Swing Point Indicator emerged. Faced with the challenge of finding a tool that provided comprehensive market analysis and actionable insights, the need for a novel solution became...
Speedometer Revisited is a new way to draw custom metric speedometers and is intended to be a utility for other coders to use. @rumpypumpydumpy originally introduced the Speedometer Toolkit in version 4 of Pine Script. Since then, Pine Script has been updated to version 5, introducing some amazing new features such as polylines and chart.points. This indicator is...
Note: If you get an error preventing indicator from executing due to a loop running longer than >500ms, please lower the amount of boxes shown and/or increase the minimum gap % threshold. OVERVIEW The Gaps Profile (GP) simply shows the remaining gaps on the chart that have yet to be closed. Gaps are created where there's a distance between the current open and...
Kernel by @jdehorty huge shoutout to him! This is only an idea for how I use it when trading All credit for the kernel goes to him, I did not make the kernel! I don't know how to make it more clear. I use this to assist with top-down analysis. timeframe I want to trade : timeframe to analyse with white noise and kernel: 1m : 1H 5m : 2H 15m : 4H 1H :...
Gaussian Price Filter Overview and History of the Gaussian Transformation The Gaussian transformation, often associated with the Gaussian (normal) distribution, is a mathematical function characteristically prominent in statistics and probability theory. The bell-shaped curve of the Gaussian function, expressing the normal distribution, is ubiquitously...
█ Multi Pivot (Support/Resistance) & Previous Period (Open/High/Low/Close) The previous script was deleted because of a copyrighted word. From JayRogers description. █ Multi Pivot Selector Allows you to set up to 3 distinct sets of pivots, each with their own resolution settings and the ability to select how many support|resistance levels are shown. The...
RSI Confirm Trend with Williams (W%R) This is the "RSI Confirm Trend with Williams (W%R)" indicator This is a modification of the "RSI Trends" indicator by zzzcrypto123. What Is the Relative Strength Index (RSI)? The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price...
This script analyzes trends in financial markets using standard deviation. The script works by first calculating the standard deviation of a security's price over a specified period of time. The script then uses this standard deviation to identify potential trend reversals. For example, if the standard deviation of a security's price is high, this could...
The Divergence Toolkit is designed to automatically detect divergences between the price of an underlying asset and any other @TradingView built-in or community-built indicator or script. This algorithm provides a comprehensive solution for identifying both regular and hidden divergences, empowering traders with valuable insights into potential trend reversals. 🔲...
Exponentially Weighted Moving Average (EWMA) The Exponentially Weighted Moving Average (EWMA) is a quantitative or statistical measure used to model or describe a time series. The EWMA is widely used in finance, the main applications being technical analysis and volatility modeling. The moving average is designed as such that older observations are given lower...
The "Fibonacci Adaptive Timeframe EMA" is a sophisticated trading indicator designed for the TradingView platform, leveraging the power of Exponential Moving Averages (EMAs) determined by Fibonacci sequence lengths to provide traders with dynamic market insights. This indicator overlays directly on the price chart, offering a unique blend of trend analysis,...