Hello Traders, This is " ZigZag with Fibonacci Levels " script. It finds the ZigZag, draw Fibonacci lines and put labels accordingly. I get many requests for this script, so here it is. You can set ZigZag period as you wish. Bigger numbers (such 20, 30) may give better perspective and result. It draws Fibonacci levels between 0%-100% and If the price goes...
Fishing The Trend - Setup HOW Does it work ? The name itself says we must have a trading setup for ease of trading for getting the most from the market. i.e. Combining the most useful indicator under one roof... Fishing The Trend - Setup have following ::- 1) IntraDay Range. 2) Four Friends. 3) Fishing The Trend. 4) Multi Time Frame - Custom VWAP. 5)...
P/B Ratio Indicator for FQ and FY plotted on the chart and with a nice neat window overlay next to the current price visualizing both values.
This indicator calculates the Simple Moving Average of the difference in percentage between lows and highs of a candle. This assists in understanding the volatility of an asset. Showing this in percentages is more helpful in crypto.
This is a VIX indicator It goes with VIX MA 95% When VIX daily change 10MA > past 200Days VIX daily change 10MA 95 Percentile than color turn to orange Both VIX MA&95% and VIX daily change 95% turn to orange means Risk off. get out of market!
This is a VIX indicator It goes with VIX daily change 95% When 10 VIX MA > past 200Days 10 VIX MA 95 Percentile than color turn to orange Both VIX MA&95% and VIX daily change 95% turn to orange means Risk off. get out of market!
A truly time based indicator to check the strength of the asset based on "Time". The main idea came to my mind about 2 years ago, When i was counting the candles in an impulse move and comparing it to number of retracement candles . So i got a period (13 for example) and checked the price change between the 13 candles, Then the space between those two...
Comprehensive Bands is an unabashed mashup combining Bollinger Bands, STARC Bands, and Keltner Channels. STARC Bands are modified Keltner Channels whichdo a better job than the Bollinger Bands when it comes to showing where the top and bottom ranges of natural volatility exist. The pale white exterior cloud is your STARC Band fill. The white line is the STARC...
Description : Mean Reversion Channel objective, based on Mean Reversion theory ( everything has a tendency to revert back to its mean), is to help visualizing: Inner Channel -> Dynamic Support and Resistance Outer Channel -> Overbought/Oversold Zone which may signal consolidation phase or potential reversal due to unsustainable move Details on some of...
The indicator plots breakout events of user-defined Forex list, providing alert setting for breakout events. Any big trend begins with a couple of price breakouts. By watching breakout events, we overlook the panorama of the whole market. ---------- Features -------------- User-Defined Forex Asset List, Up To 30 Assets User-Defined Breakout Threshold Accessible...
Crypto ADX + DMI This indicator is a customised version of the ADX + DMI by J. Welles Wilder in 1978, with default settings optimal for cryptocurrencies. What is the DMI (ADX) Indicator? According to Investopedia: DMI (ADX) consists of three indicators that measure a trend’s strength and direction. Three lines compose the Direction Movement Index (DMI): ADX...
Hello Traders/Programmers, For long time I thought that if it's possible to make a script that has own memory and criterias in Pine. it would learn and find patterns as images according to given criterias. after we have arrays of strings, lines, labels I tried and made this experimental script. The script works only for Long positions. Now lets look at how it...
This script produces a band range that uses a stochastic volatility process to come up with maximum and minimum price ranges over the specified period (using the length variable). The sample used to predict volatility can be modified using the VolLength parameter, and the extremes can be modified using the VolInflator parameter. For example, a VolLength of 30...
This applies a 'corrected' formula to the version created by alpine_trader (which is slightly off). It calculates the Average Daily Range (in percent) over the previous 20 periods and plots it in a chart. I am grateful to GlinckEastwoot for the 'corrected' formula.
Volatility compression/expansion indicator calculated from the ratio of the area of the candles to the area of a rectangle encompassing the candles over n bars. Generally during a squeeze or compression the ratio between the candles and the rectangular area increases, ie the candles occupy a larger portion of the rectangle, and vice versa during a...
This is a combination of the PERCENTAGE of PRICE OSCILLATOR (PPO) and Momentum. When both oscillators are up in the same direction it is buying (green bottom and green oscillators), when both oscillators are down it is sell (red bottom and red oscillators. When they do not agree (silver bottom) it is to keep doing nothing . You can also see the change in trend...
It has happened to everybody. You enter the market, the position gets a stop loss, then later the market goes in the direction you originally planned. Worse yet - you enter a position, the market goes in your favor, gets near the target, and then it reverses and you get stopped. We brazilians call this a "violinado", or getting violinated. It happens either...