# What's this script? I created this because I wanted to compare the Earnings/Dividend yield of SP500 and the symbol with the time period of the chart. Plot the following yields. Earnings Yield of S&P500. Calculated using S&P 500 Earnings by Month provided by Nasdaq date link. (data.nasdaq.com) Dividend Yield of S&P500. Calculated using S&P 500...
Introducing a new indicator for the TradingView community based on the MACD indicator! This innovative tool goes beyond traditional MACD signals by analyzing positive and negative waves to determine the average height of the waves to filter false cross-over or cross-under signals during the sideways market. There are two types of waves created by the MACD line,...
This strategy is based and shown by trader and investor Alexandre Wolwacz "Stormer". Overview The strategy uses two indicators Bollinger Bands and EMA (optional for EMA). Calculates Bollinger Bands, EMA, highest high, and lowest low values based on the input parameters, evaluating the conditions to determine potential long and short entry signals. The...
This script draws two sets of standard deviation channels on the price chart, providing a nuanced view of price volatility over different lengths. The script starts by declaring a set of user-defined inputs allowing traders to customize the tool according to their individual requirements. The price input sets the source of the price data, defaulting to the...
Library "lib_zig" Object oriented implementation of ZigZag method tostring(this, date_format) Namespace types: Zigzag Parameters: this (Zigzag) date_format (simple string) method update(this) Namespace types: Zigzag Parameters: this (Zigzag) method draw(this, colors) Namespace types: Zigzag Parameters: this (Zigzag)...
The Time Profile indicator provides traders with a comprehensive view of volume and time-based price activity. The indicator combines two essential components into one indicator: the volume profile and the time profile. The volume profile represents the distribution of trading volume at different price levels over a specified period and is displayed as a circle...
This indicator can be used for sugar stocks to compare their relative strength with that of their respective industry. It can also be used to gauge the momentum in sugar stocks against the other indexes like Nifty, Bank Nifty, CNXIT, CNXAUTO and check which index is outperforming the other. Made with reference to the index published by Stef @Scheplick
Hide Active Candle An essential tool for disciplined traders seeking to avoid making hasty decisions based on active bars that have not yet closed. Have you ever found yourself eagerly anticipating an entry, only to be tempted by an active candle that starts to pull away? Or perhaps you've been caught in a trade where an active candle pushes against you,...
Title: Thange Momentum Kicks Indicator - Identify Strong Bullish and Bearish Candles Description: The Thange Momentum Kicks indicator is a small tool designed to identify strong bullish and bearish candles in a candlestick price chart. By analyzing the momentum and size of each candle, this indicator highlights potential significant price movements. The...
The "HILOCLOP Analysis" indicator is designed to analyze price data based on different conditions and provide insights into market trends and patterns. Let's break down its features and understand its potential usefulness in trading: Sample Length: The indicator allows the user to specify the sample length, which determines the number of bars or periods...
ARSIX I have written this indicator after two years of continuous experience in writing and backtesting for several different indicators, and I believe that this indicator with its high capabilities can show you the best point of entry into the market as well as exit from it. arsix should work with any time frame and any instrument used. This indicator has many...
Inside Candle Viewer What it’s meant for: - This indicator is used to identify inside candles that might generate an upcoming trading range - Works best on large timeframe (Suggested from 2 days up to 1 week) and crypto asset (Index don't show much because of daily gaps) How it works: - It check for daily close (or the chosen timeframe), highlight inside candles...
The "Highest High and Lowest Low" indicator, created by Sachin Wakpaijan, is a powerful tool designed to identify the highest high and lowest low in a trading instrument's price history. This indicator can be used on TradingView to gain insights into significant price levels and potential trend reversals. Inputs: Display Emoji: This input parameter enables or...
Overall image: If the closing price is higher than the three Fibonacci EMAs (uptrend): Thanks to @ZenAndTheArtOfTrading and his indicator "Higher Timeframe EMA", URL = This is a trend-discriminating indicator that uses 3 EMAs. The Williams Alligator is the underlying philosophy, and we have applied it to capture the larger trend. It is set up for the...
Library "lib_pivot" Object oriented implementation of Pivot methods. method tostring(this) Converts HLData to a json string representation Namespace types: HLData Parameters: this (HLData) : HLData Returns: string representation of Pivot method tostring(this, date_format) Namespace types: Pivot Parameters: this (Pivot) ...
The indicator calculates buy and sell volume values for different look-back periods based on the high, low, close, and tick volume data of the chart. The range can be selected by adding the end date and the look-back period, which starts from the end date. It can calculate a maximum of 100 candlesticks. The calculated buy and sell volume values are stored in...
The Global Yield Spread is a simple indicator that can help to identify economic wellbeing and thus allows traders and investors alike to derive a rough estimation onto where the market is likely to go. ---------- Please note that things like Yield Spread generally influence the market only over longer time horizons of a couple weeks to many months. Also be aware...
Don't know how to code? No problem! TradingView is an excellent platform for you. ✅ ✅ If you have an indicator that you want to backtest using a risk-to-reward ratio or fixed take profit/stop loss levels, then the Risk to Reward - FIXED SL Backtester script is the perfect solution for you. introducing Risk to Reward - FIXED SL Backtester Script which will...