The following script detects regular and inverted horn patterns. Detected patterns are displayed alongside their respective confirmation and take profit levels derived from the pattern measure rule. Breakout of the confirmation levels are highlighted with labels.
This script is a continuation of the educational idea regarding horns patterns.
William Blau Ergodic Tick Volume Indicator (TVI) is a volume/volatility indicator that is used for finding reversals in price movement
What is William Blau Ergodic Tick Volume?
This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book...
This strategy is using Swing Failure Patterns as a reversion indicator.
The strategy automatically adapts itself to the timeframe of the current chart.
Swing Failure Pattern occurs when the price trend fails to set new highs in uptrend or meet new lows in a downtrend. This pattern helps traders decide when to enter and exit the market. Usually, traders enter...
In my opinion the %K is the only part of the stochastic that you actually need. It's the fast RSI, so it responds much better to large price movements and reveals divergence a lot sooner than %D. The %D has no real confluence with the rest of my strategy so, I only use %K.
The Zone Strength indicator is a multifaceted indicator combining volatility-based, momentum-based, and support-based metrics to indicate where a trend reversal is likely.
I recommend using it with the RSI at normal settings to confirm entrances and exits.
The indicator first uses a candle’s wick in relation to its body, depending on whether it closes green or...
Faust is a composite indicator that combines 3 volume indicators: TSV, OBV, and PVT.
TSV moving average is plotted as an oscillator. OBV and PVT are calculated internally.
Four divergences are calculated for each indicator (regular bearish, regular bullish, hidden bearish, and hidden bullish) with three look-back periods (high, mid, and small).
For TSV, the...
What is the script used for?
Infiten's Price Percentage Oscillator (PPOC Indicator) can be used as a contrarian indicator for volatile stocks and futures to indicate reversals, areas of support and resistance. For longer term trading, if the Short SMA or prices go above the High PPO Threshold line, it is a sign that the asset is overbought, whereas prices or the...
Pivot Points High/Low, sometimes referred to as "Bar Count Reversals" allows highlighting market prices local tops and bottoms. This method compares the price value at a certain index within a user-specified window length and tests whether it is the highest (pivot high) or lowest (pivot low).
This method can return successive pivots of the same type, thus missing...
LeveLeledc - Exhaustion levels (InSilico)
Method for zero confirmation support/resistance level detection using Leledc Exhaustion Bars
Study is extension/mod of glaz script ,its implementing simple but unorthodox use-case for "Leledc Exhaustion Bars"
More information on core function in source scripts page ->
Volume Pressure Analysis is a new concept I have been working on designed to show the effort required to move price. An ideal tool for confirming trends or locating reversals early. This indicator can highlight whale action and market manipulation. It calculates volume vs volatility and displays the results as a meter:
Above 0 shows how easy price action is...
This indicator highlights points where price significantly deviates from a central level. This deviation distance is determined by a user-set value or using a multiple of a period 200 Atr and is multiplied by successive values of the Fibonacci sequence.
Method: Distance method, options include "Manual" or "Atr"
Size: Distance in points if the...
This script is adapted from TKP's long/short indicator to initiate buy/sell indications when price crosses the T3 moving averages, and when the T3's themselves cross. Bars change colors based on price over/under T3 and T3 up or down or This allows for simple visual analysis of trend direction along with entries, exits, and stop loss values.
Returns a moving average allowing the user to control the amount of lag as well as the amplitude of its overshoots thanks to a parametric kernel. The indicator displays alternating extremities and aims to provide potential points where price might reverse.
Due to user requests, we added the option to display the moving average as candles instead of a solid...
The general idea of using SwingArms is to provide a visual confirmation of a trend change.
Green for bullish (BUY)
Red for bearish (SELL)
A color-coded system providing an easy way for a novice to understand.
Converted to TradingView based on the work of Jose Azcarate.
I hope you guys enjoy.
This tool displays relative volatility and directional trend. Excellent way to pickup diversions and reversals. Length can be lowered to 11 or 13 in settings to show price range.
Can be used to identify patterns such as parallel channels and likely direction of price action as pictured below.
An outside reversal candle set up script with buy/sell signals. Looks simple but it's pretty powerful especially if combined with your choice confirming indicator.
The pattern psychology is this one (Frank Ochoa explanation): " The power behind this pattern lies in the psychology behind the traders involved in this setup. If you have ever participated in a...
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...
// How it Works \\
Order Blocks based on pivot reversal candle
When a pivot High or Pivot Low is found and confirmed, a box will be plotted on the open and close values of that pivot candle
// Settings \\
In the settings you have the ability to change the distances required to confirm an pivot High or Low
These are the lengths where the script checks to see if it...