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...
The Volatility Trade Indicator signals bullish / bearish trend based on the volatility of the underlying asset. During bull markets, volatility is typically low and price moves occur slowly and steadily. During bear markets, volatility is typically high and price movement is much more volatile in both directions. The Volatility Trade Indicator measures the...
The Adaptive Donchian plots a line based on the average of the lowest low and highest high. I call it 'ADL'. Maximum/Minimum lookback period defines the range where the adaptive length can move. When the asset velocity increases the indicator shortens its lookback period. When the asset velocity decreases the indicator lengthens its lookback period. The higher...
Hello Guys This is a reupload! The 0dte is for options trading and is used for the main 1 to 0 odte strategy! It uses volume, sector and tik analysis in order to give an understanding of looking which way to play. The next version will look at correlations between the es! Feel free to point out bugs and reach out as I want this to grow into something way stronger!
Introducing the alGROWithm indicator! Years of trading experience and endless hours of screen time has undeniably proven to me that the most fundamental rule of any market is: price moves from supply to supply and demand to demand. Specifically, this means that a breakout of a supply zone , the probability of it reaching the next supply zone before starting...
Hi Traders, This is an on chart indicator that can be used for setting take profit and stop losses very easily using the Average True Range Indicator (ATR). Using a volatility adjusted TP and SL will allow you to set your targets and losses based on market conditions. In the settings, you are able to adjust how much of a multiplier you require depending on your...
This indicator is an updated version and alternative to the ETS Trending Arrows indicator that contains the results of years of trial and error to create an indicator aiming to mimic market entry points that a professional trader would take. It has arrows to clearly show potential market entry points, and suggested stop-loss levels. This particular updated...
World Clocks - something for fun Happy New Year! ps: in case no update on the charts then the clock will not update too and will lag or stop till a new update is received
█ OVERVIEW This is Screener script for Mean Reversion Channel Indicator █ Description & How To Use The screener works by scanning through up to 40 symbols and list down symbols that are currently within Overbought/Oversold Zone as defined by Mean Reversion Channel indicator. The Overbought/Oversold Zone are further categorized and sorted by: Strong :...
This is good old EMA (Exponential Moving Average) with a twist. The EMA line is surrounded by ATR on either side giving you visibility on how market breadth is working out. The icing on this cake is in the form of engulfing candle indications. Whenever the engulfing candle happens to be inside the size (that's upper and low ATR area limits around EMA) and the...
PpSignal impulse is based on the concept of relative strength index, Rsi its acronym in English. Although the calculation is similar, it differs in how the force is calculated. To calculate the force we are based on the analysis of the trend through a WMA. It is important to clarify that you must do a prior analysis of the asset that you are going to trade, such...
WHAT DOES THIS INDICATOR DO? It is a well-known fact that volume often precedes price. As such, if you can spot an increased volume early on, you can take a position before the majority joins the trend. The purpose of this indicator is to show the tactical moves of the insiders and the big players before they become obvious to everyone. Similarly, you should...
ATR excluding price spikes for a more correct calculation of average volatility and setting a stop loss.
Simple script that graphically represents the mining difficulty of Bitcoin. It is ment to be used as a tool to decide when it is good time to dollar cost average (DCA) in your Bitcoin hodl position. When Price is below the difficulty model it is usually a good time to DCA. Formula for the model used in this calculation is 0.002 * difficulty ^ 0.51. It is...
Vertical Line Time zones Chris Chapman Just to speed up the drawing process and for the horizontal lines
Reditum Scan allows you to synchronize the Market Profile Points of Control (POC) in different time intervals to a single graph. Components of Reditum Scan: POC's (30 min, 60 min, 120 min, 240 min, daily) How does it work? The algorithm allows you to identify areas of strong support and resistance, based on where most of the trading activity takes...
A toolkit of all kinds of bitcoin market data, but mostly on-chain data. In the settings you can select which metrics to show. Metrics included: Index: the BXBT spot dollar index Mcap: bitcoin market cap data calculated by Tradingview Dominance: bitcoin dominance vs altcoins Volatility: the Bitmex BVOL volatility tracker Hashrate: the bitcoin...
This script is a combination of my overnight fakeout script and bollinger band color bars. It's designed to be used on CME/CBOT Equity Indexes during their GLOBEX session. It uses the built in Bollinger Band script and highlights bars that exceed the upper/lower bands during the overnight session.