Volume shows strength of a movement and highest volume shows the region that pushed price to certain extent with full strength. Breakout or Breakout of the highest volume bar range shows continuity further push by sellers or buyers indicating a trend continuation for a small period if not for long duration. Entries can be taken once signal is generated with...
Keltner Channel Bands Great indicator for mean reversion strategies. Alerts you can set: Crossover EMA Crossunder EMA Crossover upper band Crossunder upper band Crossover lower band Crossunder lower band Have fun!
This script is an improved version of the RSI indicator, using a moving average on the RSI itself, as well as two other moving averages used to determine the current trend. A small screener indicating the current movement is displayed in the bottom-left zone of the chart: trend (Bullish/Bearish/Uncertain) and status (Impulse or Correction) Trends are simply based...
As per request, this is a moving average crossover version of my original moving average multitool script . It allows you to easily access and switch between different types of moving averages, without having to continuously add and remove different moving averages from your chart. This should make backtesting moving average crossovers much, much more easier. It...
Not sure if a similar indicator already exist, so I created my own. After creating this indicator, I realize it looks very similar to MACD. However, it strictly uses Hull moving average in its calculation for the lines. MAROC is simply Moving Average Rate of Change. This is a trend-following indicator that calculates the rate of change on two Hull moving...
Alert version of the strategy with the same name This is crypto and stock market trending strategy designed for long timeframes such as 4h+ From my tests it looks like it works better to trade crypto against crypto than trading against fiat. Indicators used: RSI for rising/falling of the trend BB sidemarket ROC sidemarket Rules for entry For long: RSI values...
Two bands formed by moving averages of highs and lows. The lower band should provide zone of support in uptrends while the upper band should provide zone of resistance during downtrends. Bands that turn green in bullish trends should provide buy signals while bands that turn red in bearish trends should provide sell signals.
Hello all This indicator helps you to find spread between scripts. Very much helpful for finding spread of script with relative future script. (Index or Stocks). The are two methods to find spread – 1. Divide 2. Difference You can select your choice from indicator settings.
This indicator makes visualising some of the core TrendCalculus algorithm's key information and features both fast and easy for casual analysis. Interpretation: a) The light blue channel is the lagged price channel calculated over the timeframe of your choosing for a period of N values. When the current price breaks out of this channel the previous price major...
The Fibonacci Moving Average is a powerful indicator that takes into account many underlying moving averages to give out an approximate short-term/long-term view of the markets. Its strength lies with dynamic support and resistance levels. I have created this indicator in order to improve trend-following entry positions.
This script is based on RationalRoot's spiral btc chart. Since I dont know how to make spirals in pinescript I just flattened it out into a readable chart. All this shows is the log price for btc over a 4 year timeframe. I found it interesting how well things line up with this idea. The white circle just shows the current day price location. You need to be on the...
Based on the Elder's Force Index (EFI) , +/- of the EFI and its ema is used to describe the rise, fall or possible reversal of the market, and finally shown by bar color. The green bar represents a strong bull and the red bar represents a strong bear; The blue bar indicates that the downtrend is exhausted and may rise. Likewise the yellow bar. Of course, it is...
Description Hi all, this is a simple indicator that shows trend of both KLCI and sectors of Bursa . The sector finding is using my Bursa_Sector library. Besides, I have also included portfolio tracker which is by Mohamed3nan in this script. Usage Top Trend - Malaysia KLCI Index Trend Bottom Trend - Any Bursa Sector Trend Portfolio Table - Copy from...
This indicator uses what I call Dynamic Moving Averages to identify trends. The reason these moving averages are dynamic is that they track different sources based on the trend. Allow me to explain... Low = identifies the least sellers were willing to sell for in a given period. High = Identifies the most buyers were willing to buy for in a given period. Avg Low...
This got removed so I'm publishing it again. What it is: - This script draws in levels refereed to as bank levels. They are basically psychological/even numbers(40000, 45000, 150, 1850..) Why doesn't it work on some charts? - Each pair has a different tick value. You will have to edit the code to make it work on certain pairs. It's pretty simple, take a look.
The Flow of Range is calculated by averaging the range for the given bars for the short term oscillations, then averaging the average to determine long term runs. Above 0 indicates bullish momentum, below 0 indicates bearish momentum. Notice the behavior of the market when the range is increasing and decreasing - both on the long and short term...
The table shows the ranking of the price as a percentage relative to the past candles. 100 ~ highest price of the time frame 0 ~ lowest price of the time frame