I do Love me some fibs!! i used a lot of 30 min Opening Range Fibs for interday trading, but have found that using more bars back can make for stronger levels just like when we use higher time frame to see support & resistant levels. You can just find high and lows for making an easy auto draw fib retracment, I think you will find these to be fairly accurate or...
The "High and Low of 9:30 Candle" strategy is a simple trading strategy commonly used in the stock market and other financial markets. It involves using the price range (high and low) of the first candlestick that forms at the opening of a trading session, typically at 9:30 AM, as a basis for making trading decisions. Here's a description of this strategy: 1....
Hello! This script "Cross Correlation" calculates up to ~10,000 lag-symbol pair cross correlation values simultaneously! Cross correlation calculation for 20 symbols simultaneously +/- Lag Range is theoretically infinite (configurable min/max) Practically, calculate up to 10000 lag-symbol pairs Results can be sorted by greatest absolute difference or...
Description: The "Zaree - RSI Gradient Fill" (RGF) indicator is a technical analysis tool designed to enhance the interpretation of the Relative Strength Index (RSI) by incorporating visual cues through gradient fill. This indicator aids traders in identifying potential overbought and oversold conditions in the market using the RSI as a key reference. Details of...
The Price Strength Index + RSI Buy/Sell Zones indicator is a technical analysis tool designed to evaluate the strength of a financial asset's price movement by comparing it with a series of Volume Weighted Moving Averages (VWMAs) of different lengths calculated from historical data. Hypothesis : The core hypothesis behind this indicator is that assessing the...
This indicator plots candlesticks or line charts based on user-specified symbol and price data in the time frame. The user can also choose whether this indicator works in normal mode or Heikin-Ashi mode. Here are the features of this indicator: 1. **Trend and Normal Modes:** User can choose to operate the indicator in two different modes. In "Trend Mode" the...
This indicator tracks and displays the number of days since the asset reached its last all-time high. It's a useful tool for gauging the duration of corrections or consolidation phases after peak price points.
Dynamic GANN Square Of 9 Bands Created on 3 Sept 2023 Adjust Increment Value: Customize increment to match symbol and price characteristics for accuracy. Green Line: 200 EMA. Identifies trend direction; moves with the prevailing trend. Red Lines: Mark prominent reversal levels closer to the red range; ideal for mean reversion strategies. ...
The "FVG w/ Fibs" indicator is a trading tool designed to identify and visualize Fair Value Gaps (FVGs) while overlaying two Fibonacci retracement levels. • Bullish FVG: Occurs when the low of the current bar is higher than the high of two bars ago, and the previous close is higher than the high of two bars ago. • Bearish FVG: Occurs when the high of the...
Market Trend by Trading Ninjaa Description: The "Market Trend" indicator is designed to provide traders with a clear visual representation of the prevailing market direction. By utilizing a higher timeframe moving average, this tool offers insights into the broader market trend. The indicator identifies: Uptrends: When the price is above the higher timeframe...
The Ultimate RSI indicator is a new oscillator based on the calculation of the Relative Strength Index that aims to put more emphasis on the trend, thus having a less noisy output. Opposite to the regular RSI, this oscillator is designed for a trend trading approach instead of a contrarian one. 🔶 USAGE While returning the same information as a regular RSI,...
📜 ––––HISTORY & CREDITS–––– The Price Confirmation Indicator is an innovative tool developed by TintinTrading to help his students learn to interpret Price + Volume moves. It is designed to provide traders with a visual cue for price movement confirmation based on both price direction and trading volume. I got the idea from watching Daivd Ryan, how he...
📜 ––––HISTORY & CREDITS–––– This Pine Script Utility indicator, titled " Closing Range Indicator," is designed and developed by TintinTrading but inspired by the teaching of Investor's Business Daily (IBD) and William O'Neil. It aims to help traders identify the closing range of a given timeframe, either daily or weekly. 🦄 –––UNIQUENESS––– The unique feature...
This indicator helps avoid taking reversal trades too close to the 21 EMA, which may fail since the market often continues its trend after retracing from the 21 EMA level. It does not generate a direct signal for reversal trades but rather indicates points where you can consider potential reversal trades based on your trading methodology This script defines an...
Normal Distribution Asymmetry & Volatility Zones Indicator provides insights into the skewness of a price distribution and identifies potential volatility zones in the market. The indicator calculates the skewness coefficient, indicating the asymmetry of the price distribution, and combines it with a measure of volatility to define buy and sell zones. The key...
Visualize two of your favorite moving averages in a fun new way. This script calculates the distance (or difference) between the price and two moving averages of your choosing and then creates two histograms. The two histograms are plotted inversely, so if the price is over both moving averages, one will be positive above the centerline while the other still...
Draws trend lines based on highs and lows. It also calculates averages of these trend lines. This helps you give an indication of the trend. It also calculates a mean moving average for better analysis.
Hello! This script "The Next Pivot" uses various similarity measures to compare historical price sequences to the current price sequence! Features Find the most similar price sequence up to 100 bars from the current bar Forecast price path up to 250 bars Forecast ZigZag up to 250 bars Spearmen Pearson Absolute Difference Cosine Similarity Mean...