Description: The Adjustable Trailing Stop Indicator is a practical tool designed to enhance your trading strategy by allowing for automatic modifications of stop-loss orders according to your specified parameters. This indicator provides a dynamic alternative to the traditional static stop-loss orders, assisting in managing your potential profits and curbing...
The "VWAP Bands " indicator is designed to provide traders with valuable insights into market trends and potential support/resistance levels using Volume Weighted Average Price (VWAP) bands. This indicator integrates the core concepts of VWAP with additional trend analysis features, making it a versatile tool for both range trading and trend-following...
Title: Midpoint Line with Dynamic Bands, RSI Filter, and Alerts Description: This Pine Script indicator provides a comprehensive analysis tool combining dynamic midpoint bands, RSI filtering, and alert conditions for overbought and oversold market states. Features: Dynamic Midpoint Bands: Calculates the midpoint based on the highest high and lowest low over a...
The Correlation Coefficient is used to measure the correlation between two sets of data. In the trading world, the Correlation Coefficient is a measure of the correlation between two data sets of financial instruments. The correlation between two financial instruments is the degree in which they are related. Correlation is based on a scale of 1 to -1. The closer...
🟣 Introduction 🔵 Market Structure Grasping market structure entails examining market behavior. Essentially, market structure refers to the formation and progression of the market within its trends. Market structures are generally fractal and nested, leading us to classify them into internal (minor) and external (major) structures. There are several...
Multi Asset Histogram Indicator Overview: The "Multi Asset Histogram" indicator provides a comprehensive visualization of the performance of multiple assets relative to each other. By calculating a score for each asset and displaying it in a histogram format, this indicator helps traders quickly identify the trends, dominant asset and the average performance...
This Pine script indicator is designed to create a visual representation of the relative equal highs & lows formed and automatically removed mitigated ones. Unlike indicators designed to show exact equal high/lows this indicator allows a small, configurable degree of variance between price to identify areas where price stops. Relevance: Relative Equal highs...
Fans of Woodies CCI may recognize the approach to this one. This is my attempt at using the same methods but for taking the highs and lows into account without the standard deviation of the CCI. The smoothness of other oscillators may not be ideal however the Williams Percent Range is a fast stochastic that also operates within a channel. This provides an...
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...
Moving Average Cycles Indicator Description: The Moving Average Cycles indicator is a versatile tool designed to help traders identify and analyze bullish and bearish cycles based on price movements relative to a moving average. This indicator offers valuable insights into market trends and potential reversal points. Key Features: Customizable Moving...
📈 What Does It Do? Correlation Calculation: Measures the correlation between a selected asset (Asset 1) and up to four additional assets (Asset 2, Asset 3, Asset 4, Asset 5). User Inputs: Allows you to define the primary asset and up to four comparison assets, as well as the period for correlation calculations. Correlation Matrix: Displays a matrix of...
Overview: This script is designed for pairs trading. If you are not familiar with pairs trading, I suggest learning about it, as it can be a profitable strategy in neutral markets (or neutral trends between two assets). The correlation between two assets is the foundation of pairs trading, and without it, the chances of making a profit are low. Correlation can be...
I have developed a Pine Script indicator on TradingView designed to demonstrate how to automate execution for ten instruments. This example utilizes a straightforward, Simple Moving Average (SMA) indicator. You can use it as a template, but use your indicator. The indicator computes long/short signals based on the crossing of the SMA using the security...
Indicator Name: Double Keltner Channel with EMA (Buy/Sell Signals) Description: This indicator is designed to help traders identify potential trend reversals and generate buy/sell signals in volatile markets. It combines two Keltner Channels with different sensitivities (multipliers of 2.6 and 3.8) to visualize dynamic support and resistance levels. The...
This script indicator prints lines for the highest, lowest and middle price in a selected time period (in days). With that you can easily see wheter the price is currently high, low or balanced compared to the prices in the selected time period. I also added a gray dotted vertical line to the chart which represents the beginning of your selected time period You...
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...
Reference: Trade Stocks and Commodities with the Insiders Secrets of the COT Report by Larry Williams pg34 The equation is as below: Current week's value- Lowest value of last three years ---------------------------------------------------------------------------- X 100% Highest high of last three years-Lowest low of last three...
The "Supports & Resistances " indicator is designed to identify and visualize key support and resistance levels on the price chart. It utilizes the Average True Range (ATR) and Pivot Points to define the boundaries of S & R zones and considers historical price action to assess the strength of these zones. 🔶 How to Obtain Zones The script continuously analyzes...