Library "cphelper" ACPU helper library - for private use. Not so meaningful for others. calculate_rr(targetArray, rrArray, breakevenOnTarget1) calculates risk reward for given targets Parameters: targetArray (float ) : array of targets rrArray (float ) : array of risk reward breakevenOnTarget1 (simple bool) : option to breakeven Returns:...
The Support Resistance Classification (VR) indicator shows SR levels on any chart's visible range using higher time-frame data (HTF). Levels are classified 1 through 10 based on their strength, with lower values indicating stronger support/resistance levels. This indicator uses visible range functionality, whereas if you adjust your chart to show previous price...
The "US Market Sentiment" indicator is designed to provide insights into the sentiment of the US market. It is based on the calculation of an oscillator using data from the High Yield Ratio. This indicator can be helpful in assessing the overall sentiment and potential market trends. Key Features: Trend Direction: The indicator helps identify the general trend...
Here is the strategy version of the indicator - Master Supertrend Options and variations are same throughout. 🎲 Variations Following variations are provided in the form of settings. 🎯 Range Type Instead of ATR, different types of ranges can be used for stop calculation. Here is the complete list used in the script. Plus/Minus Range* - Calculates plus...
One issue with the famouse RSI indicator is that it is too sensitive in some cases and thus, might give false signals if we are eager to use those signals. If we increase the length of the RSI, it might give too few signals which is not ideal as well. This Composite RSI indicator was created to utilize the RSI strength, using 3 RSIs (with different length) in...
Understanding the Indicator: The indicator calculates the probabilities of upward and downward trends based on the percentage change in price over a specified lookback period. It displays these probabilities in a table and plots a histogram to represent the difference between the probabilities. The colors of the histogram bars indicate the trend direction and...
This script plots a green circle on top of the chart when the EMAs are stacked positively, a red circle if they are stacked negatively and gray if neither positively nor negatively stacked. The EMAs used are: 8 EMA 21 EMA 34 EMA 55 EMA 89 EMA Useful when you look for a quick and easy way to see if these EMAs are stacked positively or negatively as a...
RSI Primed combines candlesticks, patterns, and the classic RSI indicator for advanced market trend indications Introduction Technical traders are always looking for innovative methods to pinpoint potential entry and exit points in the market. The RSI Prime indicator provides such traders with an enhanced view of market conditions by combining various...
The Daily Factor Indicator was created by Andrea Unger (Stocks and Commodities Jun 2023 pgs 26-31), and this is a new volatility indicator that compares the body, which is the absolute difference between the previous open and previous close, and the range which is the difference between the previous high and previous low. The indicator is calculated by dividing...
The relative difference between a moving average and the price can be a useful tool for interpreting trend direction and identifying pullbacks or breakdowns. This indicator recursively finds all the relative moving average differences between two simple moving averages of your choosing and weighs them by their lengths. It then returns a value that represents the...
This script combines the "ticker volume" from 9 different exchanges. The default settings are for Crypto Assets only. In the settings window you can choose to plot the "combined volume" in a histogram form or "individual exchange volume" in an area view. (as shown on the chart) Addition to the plots there is also an Info Table in the bottom right corner that...
The ADW - Volatility Map script is a tool for traders to measure and visualize the volatility of a specific asset. It uses both the Average True Range (ATR) and True Range (TR) values in combination with the Commodity Channel Index (CCI) to provide a comprehensive map of the market's volatility. Average True Range (ATR) : ATR is a measure of market...
This simple indicator calculates and provides insights into different performance metrics of an asset - Sharpe, Sortino and Omega Ratios in particular. It allows users to customize the lookback period and select their preferred data source for evaluation of an asset. Sharpe Ratio: The Sharpe Ratio measures the risk-adjusted return of an asset by considering...
ADW - Momentum is a trading indicator based on the Relative Momentum Index (RMI) and Exponential Moving Averages (EMAs). This indicator plots the RMI along with its EMAs and highlights regions where RMI crosses its slow EMA. Additionally, it provides alerts when the momentum flips bullish or bearish. Key Features: The RMI helps to identify momentum in the...
Colour Trend is an indicator that will give you a visual representation of the trend in a selected market, and alert you when the trend changes. The green colour represents a bullish trend (prices are going up), the red colour represents a bearish trend (prices are going down), and silver represents a neutral trend (prices are relatively stable). The script...
Cumulative TICK Indicator, shown as the bottom indicator, is a robust tool designed to provide traders with insights into market trends using TICK data. This indicator visualizes the cumulative TICK trend in the form of colored columns on a separate chart below the main price chart. Here's an overview of the key features of the Cumulative TICK Indicator: 1....
The "Candle Pattern Probability" indicator is a technical analysis tool designed specifically for traders who want to assess the probability of success for different candlestick patterns in the financial markets. Japanese candlesticks, also known as candlesticks, provide valuable information about price action within a specific time period. These candlestick...
The On-Balance Accumulation Distribution (OBAD) indicator is designed to analyze the accumulation and distribution of assets based on volume-weighted price movements. The indicator helps traders identify periods of buying and selling pressure and assess the strength of market trends. By incorporating volume and price data, the OBAD indicator provides valuable...