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Beacon - Anthony Crudele's IndicatorBeacon 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 give me a simple look at the market to determine what type of environment we are in. I use Bollinger Bands (3 standard deviation) to determine the volatility cycle. Once the BB make peaks I took my Fibonacci Retracement tool and did a retracement from the peak high of the BB to the peak low. I use 70%, 50% and 30% for my support and resistance levels. I use those levels because I tested pretty much every percent level and those percentages averaged the highest performance on all tick charts and time charts. You can use Beacon on whatever time frame or tick chart you are trading on and it will determine that specific volatility cycle.
Pine Script® indicator
by anthonycrudele
17
Price Action - Support & Resistance by DGTSᴜᴘᴘᴏʀᴛ 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 level where buyers are more aggressive than sellers. This means that the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level it is likely to continue falling until meeting another support level. A resistance level is the opposite of a support level. It is where the price tends to find resistance as it rises. Again, this means that the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level it is likely to continue rising until meeting another resistance level. A previous support level will sometimes become a resistance level when the price attempts to move back up, and conversely, a resistance level will become a support level as the price temporarily falls back. █  Iᴅᴇɴᴛɪꜰʏɪɴɢ Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ Support and resistance can come in various forms, and the concept is more difficult to master than it first appears. Identification of key support and resistance levels is an essential ingredient to successful technical analysis. If the price stalls and reverses in the same price area on minimum of two different occasions, then a horizontal line is drawn to show that the market is struggling to move past that area. Those areas are static barriers, one of the most popular forms of support/resistance and are highlighted with horizontal lines. Repeated test , the more often a support/resistance level is "tested" over an extended period of time (touched and bounced off by price), the more significance is given to that specific level High volume , the more buying and selling that has occurred at a particular price level, the stronger the support or resistance level is likely to be Market psychology , plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement. Psychological levels , is a price level that significantly affects the price of an underlying financial instrument. Typically, near round numbers often serve as support and resistance The following support and resistance related topics are beyond the scope of this study, so they will be mentioned roughly only as a reference for support and resistance concept Trendlines , Support and resistance levels in trends are dynamic. Throughout an uptrend, levels of support tend to look like a trendline, usually clustering around higher lows. As the price rises, the price where buyers consider the stock to be “too cheap” also changes, which creates new support levels on the way up. The same is also true for resistance levels. In an uptrend, a stock is continuously breaking through perceived resistance levels and making new highs Moving Averages , is a constantly changing line that smooths out past price data while also allowing the trader to identify support and resistance. In the example Notice how the price of the asset finds support at the moving average when the trend is up, and how it acts as resistance when the trend is down The Fibonacci Retracement/Extension tool , is a favorite among many short-term traders because it clearly identifies levels of potential support and resistance Pivot Point Calculations , is another common technical analysis technique, where pivot point is calculated based on the high, low, and closing prices of previous trading session/day and support & resistance levels are projected based on the pivot point, different calculation techniques are available, as presented in this example of an pivot point indicator : PVTvX by DGT █  Tʀᴀᴅɪɴɢ Bᴀꜱᴇᴅ ᴏɴ Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ Once an area or "zone" of support or resistance has been identified, those price levels can serve as potential entry or exit points because, as a price reaches a point of support or resistance, it will do one of two things—bounce back away from the support or resistance level (trading ranges), or violate the price level and continue in its direction (trading breakouts) —until it hits the next support or resistance level The basic trading method for using support and resistance is to buy near support in uptrends or the parts of ranges or chart patterns where prices are moving up and to sell/sell short near resistance in downtrends or the parts of ranges and chart patterns where prices are moving down. Buying near support or selling near resistance can pay off, but there is no assurance that the support or resistance will hold. Therefore, consider waiting for some confirmation that the market is still respecting that area Trading breakouts, a breakout is a potential trading opportunity that occurs when an asset's price moves above a resistance level or moves below a support level on increasing volume. The first step in trading breakouts is to identify current price trend patterns along with support and resistance levels in order to plan possible entry and exit points. Once the asset trades beyond the price barrier, volatility tends to increase and prices usually trend in the breakout's direction. Breakouts are such an important trading strategy since these setups are the starting point for future volatility increases, large price swings and, in many circumstances, major price trends. When trading breakouts, it is important to consider the underlying asset's support and resistance levels. The more times an asset price has touched these areas, the more valid these levels are and the more important they become. At the same time, the longer these support and resistance levels have been in play, the better the outcome when the asset price finally breaks out. Asset prices will often move slightly further than we expect them to. This doesn't happen all the time, but when it does it is called a false breakout. Therefore it is important to consider waiting for some confirmation while trading breakouts. It’s also popular for traders to sell 50% of their positions at the resistance level, and hold the rest in anticipation of a breakout above resistance █  Pʀɪᴄᴇ Aᴄᴛɪᴏɴ - Sᴜᴘᴘᴏʀᴛ & Rᴇꜱɪꜱᴛᴀɴᴄᴇ ʙʏ DGT Sᴛᴜᴅʏ This experimental study attempts to identify the support and resistance levels. Assumes a simple logic to discover moments where the price is rising or falling consecutively for minimum 3 bars with the condition volume increases on each bar and the last bar’s volume should be bigger than the long term volume moving average. A line will be drawn at the end of the move (highest or lowest, depending on the move direction), the line will be drawn at minimum on the 3rd bar and if condition holds for other consecutive bars the line will switch to 4th, 5th etc bar. Lines will not be deleted so the historical ones will remain and will emphasis the levels significance when they overlap in feature. Strong levels are more likely to hold and cause the price to move in the other direction, whereas the minor levels may only cause the price to pause and keep moving in the same direction. Determining future levels of support and resistance can drastically improve the returns of a short-term investing strategy Bar colors will be painted based on the volume of the specific bar to its long term volume moving average. This will help identifying the support and resistance levels significance and emphasis the sings of breakouts Finally, Volume spikes will be marked on top of the price chart. A high volume usually indicates more interest in the security and the presence of institutional traders. However, a rapidly rising price in an uptrend accompanied by a huge volume may be a sign of exhaustion. Traders usually look for breaks of support and resistance to enter positions. When security break critical levels without volume , you should consider the breakout suspect and prime for a reversal off the highs/lows. Volume spikes are often the result of news-driven events. Volume spike will often lead to sharp reversals since the moves are unsustainable due to the imbalance of supply and demand A good example with many support and resistance concepts observed on a stock chart and detected by the study Settings: Length of volume moving average, where volume moving average is used to detect support and resistance levels, is used as reference to compare with threshold values for volume spikes and colors of the bars Hint, to get more historical lines scrolling chart to left will enable visualization of them. Please note they may appear to much all 500 line limit is used 😉 Special thanks to @HEMANT Telegram user, for his observations and suggestions Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Pine Script® indicator
by dgtrd
287
Moving Averages as Support Resistance MTFHello Traders! As most of you know that Moving Averages with the lengths 50, 100, 150 and 200 are very important. We should use these this moving averages to figure out S/R levels, the possible reversals points, trend direction etc. we should check these moving averages on Higher Time Frames as well. for example if you look at the chart with 5mins time frame, you should also check it in 1hour and 4hour time frames to see to big picture and main trend. this is important as trend is your friend and you should not take positions against the trend. I developed this script to show them clearly and make the chart understandable. 1 resistance line above the price and 1 support line below the price, it shows the moving average type, length, time frame and S/R level. You have option to show SMA or EMA and to include/exclude current time frame, because you may want to see only MAs from higher time frames. you should set higher time frames accordingly. if you add all moving averages for current and higher time frame the chart looks very crowded as following example: The script makes it clear to understand the chart better, here an example: It can show when S/R was broken and you get alert. here an example: You have coloring and style options, you can change line style and colors as you wish: Enjoy!
Pine Script® indicator
by LonesomeTheBlue
54
{INDYAN} Perfect Buy SellA simple indicator based on candle stick strength, with cpr,vwap and support resistance... search for buy sell signal on 15 min timeframe and wait for second candle to close above/below of signal candle. Cpr pivots would act as support and resistance. Entry should only be based on 15 mins or higher timeframe. 3 and 5 mins timeframe for profit booking. No supertrend or atr used in this indicator. This show how a single candle can give u good trade... Love Indyan * tested on Banknifty and nifty , kindly share ur experiences on other scrips. Thanks
Pine Script® indicator
by Indyan
34
Range support and resistanceWelcome all ========== This script specially is for Kunal Saraogi Senani Traders and beginners. . With this script you can find support and resistance for input range on any time-frame chart. You need not draw line by own. You just input your desired range and this script will do your work automatically. You can adjust range according to your choice. Also have an option to select range source which help you to find support and resistance on the basis of close price or high/low of input range. Default range source is close price. . Latest support and resistance value labels also display on the chart. . To use this script, add to favorite and apply on chart. . Feel free to comment your suggestions. . Thanks all
Pine Script® indicator
by tv94067
19
[Jett.][GoldenRush] Market DirectionThis script was created to analyze levels of market trends. This is an indicator that is used to analyze the overall 2 levels. 1.Considering the index's key trends (Strategic Level) 2.Trend Analysis (Tactical Level) To get a big overview of the trend and catch short-term movements. In this indicator, there are 4 levels of momentum measurements. with the default setting Major trends (Strategic Level) 1.We have the highest and lowest prices in the 52-week or 1-year scale. 2.We use the average of the highest and lowest prices(basis of 52-week). can be filtering the overview of the trend 3.As for the trend in 24-week or 6-month. Used to find the direction of the price And helps confirm that a trend is starting to take a certain direction. Sub-level trend (Tactical Level) 1.Price in the level 12-week or 3-month. We use it to calculate the direction of movement in the short term, it is possible that the market will be bullish or bearish in 3-month. 2.And the 12-week or 3-month price is a confirmation of how strongly the short-term price moves in any direction. 3.If there will be a correction of the price base 12 weeks or 3-month price swings always happen first. 4.The 1-month price is the same as the trigger, if the market has a breakout in any way it could mean the start of a short sway. By this indicator Besides being used to measure direction or trend, it can also be used as a significant filter for both support and resistance for short, medium, long term. Jet.T.S. Trader
Pine Script® indicator
by Jettstrack
[ST] S/R density study v3This 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 calculations. I haven't looked if there's new pinescript features to let me do this more efficiently yet. It checks for candle density to decrease once or twice and then increase once or twice before it draws a line at that lowest level. There's an option to draw more lines by only checking for a single decrease and increase. It likely won't catch all the levels but it seems to get a good amount to help me position stops on other side of S/R or exits on the trade side of S/R. I've been meaning to share more scripts but keep forgetting. Keeping my scripts free but feel free to like or tip haha.
Pine Script® indicator
by spacetrader
8
Linear Regression ChannelHello 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 changes. The line colors change according to direction. using the options, you can; - Set the Source (Close, HL2 etc) - Set the Channel length - Set Deviation - Change Up/Down Line colors - Show/hide broken channels - Change line width meaning of arrows: ⇑ : Uptrend and moment incresing ⇗ : Uptrend and moment decreasing ⇓ : Downtrend and moment incresing ⇘ : Downtrend and moment decreasing ⇒ : No trend An example for how color of lines, arrow direction and shape of label change. Enjoy!
Pine Script® indicator
by LonesomeTheBlue
126
Auto Pivot Level Drawer [TipsChain]a pivot point is a price level that is used by traders as a possible indicator of market movement. A pivot point is calculated as an average of significant prices (high, low, close) from the performance of a market in the prior trading period. If the market in the following period trades above the pivot point it is usually evaluated as a bullish sentiment, whereas trading below the pivot point is seen as bearish . Calculation Several methods exist for calculating the pivot point (P) of a market. Most commonly, it is the arithmetic average of the high (H), low (L), and closing (C) prices of the market in the prior trading period: P = (H + L + C) / 3. Sometimes, the average also includes the previous period's or the current period's opening price (O): P = (O + H + L + C) / 4. In other cases, traders like to emphasize the closing price, P = (H + L + C + C) / 4, or the current periods opening price, P = (H + L + O + O) / 4. Support and resistance levels The first and most significant level of support (S1) and resistance (R1) is obtained by recognition of the upper and the lower halves of the prior trading range, defined by the trading above the pivot point (H − P), and below it (P − L). The first resistance on the up-side of the market is given by the lower width of prior trading added to the pivot point price and the first support on the down-side is the width of the upper part of the prior trading range below the pivot point . R1 = P + (P − L) = 2×P − L S1 = P − (H − P) = 2×P − H Thus, these levels may simply be calculated by subtracting the previous low (L) and high (H) price, respectively, from twice the pivot point value: The second set of resistance (R2) and support (S2) levels are above and below, respectively, the first set. They are simply determined from the full width of the prior trading range (H − L), added to and subtracted from the pivot point , respectively: R2 = P + (H − L) S2 = P − (H − L) Commonly a third set is also calculated, again representing another higher resistance level (R3) and a yet lower support level (S3). The method of the second set is continued by doubling the range added and subtracted from the pivot point: R3 = H + 2×(P − L) = R1 + (H − L) S3 = L − 2×(H − P) = S1 − (H − L) This concept is sometimes, albeit rarely, extended to a fourth set in which the tripled value of the trading range is used in the calculation. Qualitatively, the second and higher support and resistance levels are always located symmetrically around the pivot point , whereas this is not the case for the first levels, unless the pivot point happens to divide the prior trading range exactly in half.
Pine Script® indicator
by HoManVig
Probability Bands [Anan]Hello Friends,,, =================================== This indicator is based on Bayes' Theorem and is fully based on probabilities. =================================== Formula For Bayes' Theorem: P(Bull|Bear) = P(Bear∣Bull) * P(Bull) / P(Bear) where: Bull and Bear are events and P is probability P(Bull|Bear) is the posterior probability, the probability of Bull after taking into account Bear P(Bear∣Bull) is the conditional probability or likelihood, the degree of belief in Bear given that proposition of Bull belief (Bull true) P(Bull) is the prior probability, the probability of Bull belief P(Bear) is the prior probability, the probability of Bear belief =================================== The indicator output one trend lines and (Bull/Bear) Signal : Bull/Bear Probability Trend : when the price is above mid line ==> Up Trend when the price is below mid line ==> Down Trend And by using ATR deviation multipliers, we can get (Bullish/Bearish) zones =================================== Disclaimer: This script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. ===================================
Pine Script® indicator
by Mohamed3nan
5
ZigZag with Fibonacci LevelsHello 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 higher/lower than 100% level than the script draws Fibonacci Levels accordingly. This means it draws Fibonacci levels until this levels get higher/lower than the price. As an example: if you don't want to see ZigZag Lines then you have option to disable it and see only Fibonacci levels: You have coloring options for Zigzag, Fibonacci lines and texts: Enjoy!
Pine Script® indicator
by LonesomeTheBlue
66
FlipSignalsFlipSignals is a TradingView indicator designed to help you make smarter, more efficient trading decisions by simplifying your trading. Specific symbols show up directly on price action to help you easily visualize trade setups and interpret market movement. The framework behind FlipSignals is systematic yet simple: First, establish a dominant trend with the Trend Level. Then, identify optimal entry points. With a complete understanding of FlipSignals you'll be able to confidently interpret and navigate any market with strong conviction. Trend Level The Trend Level is the step line that runs through price action and establishes a dominant directional trend, either green or red. When the Trend Level is green, buyers are in control and price action is bullish - suggesting buying pressure and higher prices. Conversely, when the Trend Level is red, sellers are in control and price action is bearish - suggesting selling pressure and lower prices. During an uptrend, price action will trade above the Trend Level and use the Trend Level as support. Conversely in a downtrend, price action will trade below the Trend Level, which will act as resistance. When the Trend Level flat lines and flips from one color to another, this signals that price action is resting and could potentially indicate that the trend is shifting or consolidating for a continuation move. The Trend Level can also be used as a trail stop level when you are in a position. For example, if you are long when the Trend Level is green and stair stepping higher, you can incrementally place your stop right below the Trend Level as price action increases in order to protect your unrealized profit. Momentum Shifts - ShiftUp / ShiftDown Small blue and orange triangles indicate short term momentum shifts in price action. When momentum shifts upwards, a small blue up triangle will appear below the candle and when momentum shifts downwards, a small orange, down triangle will appear above the candle. ShiftUp and ShiftDown signals generally confirm short term tops/bottoms although consecutive momentum shifts within a short period of candles can indicate consolidation and stalled price action. Buy/Sell XOB/XOS Levels FlipSignals’ algorithm calculates a sentiment score that measures the net buying and selling in any given market. This score oscillates above and below zero identifying extended buying and selling pressure. A positive score indicates that buyers are in control whereas a negative score signals that sellers are in control. FlipSignals generates buy and sell level Dot Clusters and Extreme Overbought/Oversold (XOB/XOS) symbols based on the sentiment score to easily visualize overextended buying or selling directly on price action candles. Dot Clusters - Buy/Sell Levels FlipSignals allows users to set 3 buy and 3 sell levels to determine when dot clusters will appear. Dot clusters will appear when sentiment score breaches each level. Buy level dot clusters will appear below candles indicated by yellow and green circles, while sell level dot clusters will appear as yellow and red circles above candles. Generally, dot clusters indicate that price action is extended one way or the other. Notice that buy dot clusters appear below the Trend Level while sell dot clusters appear above the Trend Level for the majority of the time. Extreme Overbought/Oversold Signal Extreme Overbought (XOB) signals will appear as neon green X's above the candle indicating price action has entered extreme overbought levels. Typically, XOB signals serve as a warning that prices could continue higher. Extreme Oversold (XOS) signals will appear as red X's below the candle indicating price action has entered extreme oversold levels. Typically, XOS signals serve as a warning that prices could continue lower. Generally, sentiment scores of +/-4 are considered extreme readings although this can vary by asset. User defined inputs of buy/sell and XOB/XOS levels determine when signals will appear. Additional Support/Resistance Indicators Include: VWAP 3 EMAs 3 SMAs Weekly Pivot Points Monthly Pivot Points Quarterly Pivot Points Previous Day OHLC Please use the link below to our website to obtain access to this indicator.
Pine Script® indicator
by flipsignals
Heikin Ashi Pivot PointsPivot points are price levels that are calculated based on previous high, low, and close values. Pivot point levels include the pivot, 4 resistance levels (R1, R2, R3, R4), and 4 support levels (S1, S2, S3, S4). Pivot points are used as support and resistance levels. This indicator includes the following pivot points: 6M (6 month) Yearly Weekly HA (Heikin Ashi) Monthly HA (Heikin Ashi) Quarterly HA (Heikin Ashi) 6M HA (6 month Heikin Ashi) Yearly HA (Heikin Ashi)
Pine Script® indicator
by flipsignals
1
Resistances v2[UO] - Uncluttered DisplayThis script shows support-and-resistance levels that span months and weeks. It also shows the levels in the last 100 bars in higher detail. Details detection is only applied to last 100 bars so that your chart is not cluttered with infinite horizontal lines. 100 can be changed in the settings. For example, here, you see the levels in small time frames at a different detail level: This script uses the arrays introduced in pine script v4
Pine Script® indicator
by umur.ozkul
1
Pivot Support / Resistance Finder [JV] Hi Traders, this is the result of the many feedback messages I received about this first draft of this script. It has significant updates: The use of Arrays. Using PineCoders Coding Conventions for Pine: www.pinecoders.com Display up to 6 Support / Resistance levels. Line colors and Labels change according to their status (Support or Resistance). Moved Labels to the future for better overview of the Prices / Levels. There are many configurable options. Feel free to explore them all. If you should notice a bug or something of a kind, feel free to contact me. All feedback is very welcome as well. Request might be considered but don't take them for granted please. Pivot Points Pivot Points are considered to be levels which may become significant levels (Support / Resistance) in the future. They can be interpreted in various ways, but fact is that price, when it comes close to a previous Pivot Point, can mess with your head. Prices often returns to previous Pivot Points, more than once even a few times, as shown below. I hope you find this useful. Happy Trading!
Pine Script® indicator
by jurlvarg
9
TREND SNIPER (Final Version)/ This script calculates the daily resistance and support levels. The entry is when the close breaks these levels. // Then it sets 4 exit lines, if the backtraces these lines you've got your normal exit. // If the close crosses the TP you've got your TP exit. And if the close crosses the SL you've got your SL exit. // This is the good part --> If the close crosses the first line the SL get's raised to the entry level. // This way you cut down on the SL losses and turn a lot of SL trades into (almost) break even trades. // You can adjust the resistance and support levels to remove the 'little wick entries', this raises the profitability. // You can also choose the security resolution. I recommend using a higher timeframe than the chart resolution. // The exit source is also changeable. The HLC3 works best for me, but you can try others if you want. I could really use some feedback. I want the resistance and support levels to remain on the same position when in trade. But it sometimes changes mid trade. If you know how to fix this I will be forever grateful. If you have any feedback don't hesitate to give it to me straight. Thanks in advance and have a wonderful day :)
Pine Script® indicator
by TrendSniper1989
14
Standard deviation zones Support & Resistance [LM]Hi Guy, I would like to introduce you Standard deviation zones Support & Resistance horizontals. It draws line horizontals on high and low st dev zone. The colors are dynamic depending whether price is below or above the line. Credit is due to @Zeiierman for st dev zone calculation so shout out to him. There are various sections in setting: general setting where you can select source for zone calculation tops setting bottom setting show and hide section of the first timeframe show and hide section of the second timeframe Be aware that when new zone starts and is not finished yet than the top will trail the high of unfinished zone that could be also at the high of current candle and next candle it can change Any suggestions are welcomed
Pine Script® indicator
by lmatl
5
Pivot Support / Resistance Panel [JV]Hello Traders, First all of thanks to LonesomeTheBlue for making me grasp arrays, a wonderful addition to Pine Script. This indicator uses arrays to find Pivot Points and mark them as Support / Resistance. It displays an info panel with the latest values. This code was written using the following standards: • PineCoders Coding Conventions for Pine: www.pinecoders.com Configurable options: Up to 6 Support / Resistance Levels. Pivot Lookback Period. Panel Color. Text Color. Panel Offset. Panel Size. Enjoy!
Pine Script® indicator
by jurlvarg
1
Bjorgum TSI-This script utilizes simple color changes of the TSI output signals to aid in interpretation of the classic TSI indicator. -Crosses of the TSI value line and signal line are a bullish or bearish indication. TSI value line is colored green or yellow to help identify that the TSI value line is either dropping or rising, while over or under the signal line. -This can help anticipate a cross, or significant points in the trend. TSI signal line changes color when rising or falling which can help to identify larger prevailing trends. -Generally, a rising signal line can be an overall bullish move, while falling more bearish regardless of crosses. *Resolution function enables multiple overlay for "Multi-timeframe analysis"*
Pine Script® indicator
by Bjorgum
109
Bjorgum TSI Arrows This script is intended to help the viewer identify potential turning points with momentum "headwinds" or "tailwinds" with a visual que at the bar level. The presence of arrows indicates that the TSI indicator is either "curling" up under the signal line, or "curling" down over the signal line. This can help to anticipate reversals, or moves in favor of trend direction. Multiple script overlays can be used for "Multi-timeframe analysis" by altering the "resolution" feature. eg: Viewer could enable 2 "Arrow" scripts while watching the daily timeframe, and setting one of them to indicate weekly conditions. This can help identify prevailing trend strength when using smaller timeframes.
Pine Script® indicator
by Bjorgum
10
SR Levels - Major Support and Resistance LevelsHello Traders! This Indicator helps you to identify Major support and resistance level. Major Vibration numbers are working as support & resistance in the many scripts as I have seen. Since I have my research about the vibration numbers, I strongly believe these numbers are works as good Support & Resistance. This is just try to idendify the those number to enter into the trade. Use Other indicators to Identify Trend and for your support! When Price move low to high: 1) Green Line works are buy entry point, TP area is Red Line, SL area also Red Just below the Green Line When Price Move High to Low: 1) Red Lines are works as Sell entry point, TP are Green Line, SL area also Green Lines just above the Red Line. Notes: This Indicators is mainly focus the script which more than 5 digit scripts. Example above 10000 price scripts only.. for Intraday. below 10000 or 1000 scripts also works but for long term not for intraday... NSE:BANKNIFTY
Pine Script® indicator
by Saravanan_Ragavan
3