ChatGPT Certainly! Here's a TradingView Pine Script that combines EMA crossover with RSI to generate buy and sell signals. The script will give a buy signal when the 20 EMA crosses above the 50 EMA and the RSI is below a certain threshold (indicating it's not overbought). Similarly, it will give a sell signal when the 20 EMA crosses below the 50 EMA and the RSI...
Overview: The Push and Exhaustion Strategy Indicator is a custom technical analysis tool designed to help traders identify potential market turning points by highlighting significant price movements (pushes) and subsequent periods of reduced momentum (exhaustion). This indicator also incorporates key moving averages (50-period and 200-period) and the Volume...
The Wolf DCA Calculator is a powerful and flexible indicator tailored for traders employing the Dollar Cost Averaging (DCA) strategy. This tool is invaluable for planning and visualizing multiple entry points for both long and short positions. It also provides a comprehensive analysis of potential profit and loss based on user-defined parameters, including...
Ichimoku Cloud w/ Helpers is your standard Ichimoku Cloud indicator with two additions. Checkout TradingView's write up on the Ichimoku Cloud here . The two additions added to this indicator are described below: 1 — A box is drawn centered on the current bar and stretching a length equal to the 'Senkou Span B Period'. • The box encompasses the highest...
This indicator calculates and displays volatility metrics for a specified number of bars (rolling window) on a TradingView chart. It can be customized to display information in English or Thai and can position the dashboard at various locations on the chart. Inputs Language: Users can choose between English ("ENG") and Thai ("TH") for the dashboard's...
◙ OVERVIEW Hi, Ivestors and Traders... This Indicator, the focus is Scott Cong's article in the Stocks & Commodities September issue, “VAcc: A Momentum Indicator Based On Velocity And Acceleration”. I have also added a trading strategy for you to benefit from this indicator. First of all, let's look at what the indicator offers us and what its logic is. First,...
Volume Weighted Relative Strength Index 📈✨ The Volume Weighted Relative Strength Index (VWRSI) by AlgoAlpha enhances traditional RSI by incorporating volume weighting, providing a more nuanced view of market strength. It uses custom range detection to measure consolidation strength, applying dynamic scoring to highlight trend phases. The indicator includes...
The "Limitless LTA: Session Breaks & Sunday Open" indicator is a simple tool designed to help traders better understand market timing and track the opening price of the trading week. Here's what you need to know: What It Does: Displays vertical lines on the chart to mark specific times of interest, usually 18:00 PM UTC-5 over the last four days. Plots a line...
This indicator uses lower-timeframe cumulative volume delta (CVD) candles to calculate the Volume True Range (VTR) of your instrument. The VTR is calculated similarly to the traditional true range, but uses volume instead (no price is involved in the calculation other than in the lower timeframe bar delta assignments). I haven't seen this concept developed...
The Moving Average Convergence Divergence (MACD) indicator is one of the most popular and versatile tools used by traders to identify potential buy and sell signals. It helps traders determine the strength and direction of a trend by comparing different moving averages of a security's price. The traditional MACD uses two exponential moving averages (EMAs), a fast...
FiboSequ: Fibonacci Sequence Marking Leonardo Fibonacci was an Italian mathematician who lived in the 12th century. His real name was Leonardo of Pisa, but he is commonly known as "Fibonacci." Fibonacci is famous for introducing the Hindu-Arabic numeral system to the Western world. This system is the basis of the modern decimal number system we use...
Bull Market Drawdowns V1.0 Overview The Bull Market Drawdowns V1.0 script is designed to help visualize and analyze drawdowns during a bull market. This script calculates the highest high price from a specified start date, identifies drawdown periods, and plots the drawdown areas on the chart. It also highlights the maximum drawdowns and marks the start of...
Indicator plots three simple moving averages (MA) that are reset at the beginning of period, specified by a user. Red MA is based on highs Blue MA is based on close Green MA one is based on lows. Moving averages often act as support /resistance levels. They can also help to identify intraday trend. It is important to realize that none of the moving...
Engulf Scan Introduction: The Engulf Scan indicator helps users identify bullish and bearish engulfing candlestick patterns on their charts. These patterns are often used as signals for trend reversals and are important indicators for traders. Engulf Scan signals are generated when an engulfing pattern is swallowed by another candlestick of the opposite...
Wave Line is a chart type obtained by plotting the High and Low values in each time interval according to their sequential order. This method produces a continuous line rather than bars, which is beneficial for analyzing changes within each interval rather than focusing on the price range and open/close values. E.g for Wave Analysis. How to use: 1. Adjust the...
This is a simple indicator that aids the trader in being able to visualise each trading day of the week; Key Features Weekly Open Line Daily Open Line Option for Background Lines Weekly & Daily Open Lines Information ℹ️ These are vertical lines that are anchored to the hour of the Weekly Open and the hour of each Daily Candle Open. The settings...
What is an Order Block? An order block is a concept used in technical analysis, particularly in price action trading and supply and demand analysis. It refers to a significant area on a price chart where institutional traders, such as banks and hedge funds, have placed large orders. These blocks of orders often create strong support or resistance levels, as...
Best for trade execution in lower timeframe (1m,5m,15m) with momentum confirmation in higher timeframes (2h,4h,1d) This indicator relies on three key conditions to determine buy and sell signals: the price's deviation from a short-term moving average, the change in the moving average over time (past 10 candles), and the price's deviation from a historical price...