In This experimental study, we've taken RSI data, Volume Profile, and Trend analysis, combining them into one unique package that will allow a trader to analyze market trend lines and their proposed channels, trend momentum through candle color augmentation similar to "Pulse", and Visible Volume index price levels on chart for the current sequence. Below are...
This moving average indicator is a bull market support band. It's significance comes from the previous bull runs where the price was bouncing off or riding from a distance the support band until the end of the market cycle. For example, during the 2017 bull run, Bitcoin had several 30-40% corrections to the support band. The green line represents the 20 weeks...
Ichimoku + 2 base line This indicator is a combination of Ichimoku cloud indicator with two base lines. The first base line is the same as the Ichimoku default settings but the baseline 2 indicates an average of 108 candles in the past and it acts as a strong support and resistance level. How to use this indicator? You can use this indicator to see if a...
A simple way to identify potential breakouts at the New York market open. This indicator plots the high and low of the New York Pre-Market, providing a great visual of a potential breakout levels.
█ OVERVIEW This script presents a label with an overview of higher timeframe highs and lows. This can be useful information as we all know that price likes to revisit previous highs and lows area, specially on the higher timeframe. █ CONCEPTS This information can be relevant and valuable for various reasons: Finding horizontal Support and Resistance ...
Hello Traders, I would like to introduce you pivot semaphore support&resistance levels. The idea is the same as the zigzag script of mine to spot the importance of support&resistence The Semafor is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones at different Depth settings. The red zones are...
Hello Traders, This is my second Multi Time Frame Candles script but with this new one, you will have some new features such volume info, remaining time to close of higher time frame candle and also developed using new features of Pine such array of lines. also I tried to make it 3D for better visualization ;) also it shows new highs/lows / breakouts. I...
Displays recent higher highs, lower highs, lower lows, and higher lows as a collection of local limit indicators. In its simplicity is a lot more powerful than might appear at first glance. Does not rely on volatility calculation. Can be linked together to create an objective view of recent support and resistance levels. Makes current trends more visible. ...
Very simple and effective S/R band. Created bycombining the weekly 21EMA and weekly 20SMA, it provides strong support/resistance depending on market direction, and works as a basing area for retraces during parabolic (and normal) bull markets.
Plots support and resistance levels based on occurrence of fractals. Line width indicates historical significance of the level. Decreasing the proximity multiplier input increases the sensitivity/ increases the frequency of level changes. If price closes above a resistance level, the level becomes a support level and its color on the chart changes to green...
This script automatically plots support and resistance lines using the fib numbers as the amount of candles to lookback. Each line is colored differently to easily identify the support/resistance pair (i.e. 23%, 38%, 61%, etc..) with the 50% (Green) and 78% (Red) a thicker line. All variables are editable. Added alert capability.
Hello Traders, This is ZigZag Multi Time Frame with Fibonacci Retracement script. It calculates the ZigZag using Higher Time Frame, draw Fibonacci Retracement lines and put labels accordingly. I already published Zigzag with Fibonacci Levels script but this one is Multi Time Frame and I didn't want to change/update it. You can set ZigZag Period and Resolution...
Beacon uses the current volatility of the market based on your trading time frame to determine support and resistance levels, whether a trend is intact or ready to revert back in the range. One of the most difficult things I went through as a trader was determining whether we are in a trend day or if we are in grind up or grind down mode. I created Beacon to...
Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ , is undoubtedly one of the key concepts of technical analysis █ Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ Dᴇꜰɪɴɪᴛɪᴏɴ Support and Resistance terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an financial instrument from getting pushed in a certain direction. A support level is a price...
Classic diagonal support and resistance based on pivot points. As a result, they form triangles, wedges, channels and other patterns. Realtime update up to 1 second chart.
Finds Price Support Based on last 20 Bar Low, 40 Bar low, and 80 Bar low, and calculated using 1x 80 bar low, 0.5x 40 bar low, and 0.2x of the 20 bar low. Feel free to check out the script! How to use: Add to your chart, drag the indictor to the main chart, then merge both scales on the right!
This algorithm draws supports/resistance levels automatically based on historic candle density at each height. The basic idea is the levels where price is rejected quickly is likely to have fewer candles in the past than the levels above and below. This does not take volume into account. The lookback and number of levels has to be kept low to prevent too many...
Hello Traders, There are several nice Linear Regression Channel scripts in the Public Library. and I tried to make one with some extra features too. This one can check if the Price breaks the channel and it shows where is was broken. Also it checks the momentum of the channel and shows it's increasing/decreasing/equal in a label, shape of the label also...