Title: Digital Root 9 Indicator Description: The Digital Root 9 Indicator is a custom TradingView tool that identifies all times in which the digital root of the current time is 9. The digital root is calculated by summing the digits of the current time and then continuing to sum the resulting digits until a single digit is obtained. For instance, the time 3:33...
This Seasonality indicator is meant to provide insight into an asset's average performance over specified periods of time (Daily, Monthly, and Quarterly). It is based on a 252 trading day calendar, not a 365 day calendar. Therefore, some estimations are used in order to aggregate the Daily data into higher timeframes, as we assume every Month to be 21 trading...
See inside candles based on user-input LTF setting: get data on 'Directionality' of your candle; Gaps (total and Sum; UP and DOWN); Number of Bull or Bear constituent candles //Features: -DIRECTIONALITY: compare length of the 'zig-zag' random walk of lower time frame constituent candles, to the full height of the current candle. Resulting % I refer to as...
The Bull Bear Correlation Tracker is a versatile indicator designed to help traders identify the direction and strength of market trends by comparing the price action of multiple assets. It is particularly useful for those who are familiar with the carry trade principle, as it can detect when positively or negatively correlated assets move in favor or against the...
This indicator provides dynamic range information to help traders identify when a value moves out of a certain zone. This can be useful in making trading decisions. When the value falls outside of the specified range, it may indicate a good time to enter or exit a trade
EquiVolume is a charting method that aims to incorporate volume information to a candlestick chart. Volume is highlighted through the candle body width, with wider candles suggesting more significant volume. Our script shows an EquiVolume chart for the visible chart range. Additionally regular volume can be plotted as a column plot with the column's width...
█ Overview The Price Action Color Forecast Indicator , is an innovative trading tool that uses the power of historical price action and candlestick patterns to predict potential future market movements. By analyzing the colors of the candlesticks and identifying specific price action events, this indicator provides traders with valuable insights into future...
Average true range (ATR) is a market volatility indicator used to show the average range prices swing over a specified period. The ATR Candles indicator has two primary functions. First, it measures a short-term ATR against a longer-term ATR to show if volatility is contracting or expanding. Secondly, this indicator goes a step further by highlighting individual...
A very simple indicator to display the spread between ES and SPX. The table by default displays in the upper right corner of the chart. If you are on the chart for SPX, it will show the current price of ES, as well as the difference in points between the two. Similarly, if on the chart for ES, it will show the price for SPX as well as the difference in points...
This is a market internal TICK heatmap with the intent of displaying areas of price associated to stronger reactions with NYSE TICK (by default). This code is based off of a variation of a Volume Profile coded originally by colejustice who originally used code from LuxAlgo . The full-width volume bars that colejustice setup were replaced with full-width bars...
The indicator shows the true color of a bar based on the internal composition on 1 minute timeframe and the final outcome. It uses following parameters of 1minute and current timeframe inputs relative bar close, average volume vs current volume and finally the volume of internal candles. It follows following steps: First, it defines the arrays of high, low,...
FOR STOCKS ONLY. Simply 3 different VWAPs for the pre-market, regular trading session, and the after hours, using session.is_ variables (not sure if they were recently added. Regardless, it would be nice to have a session.isfirstbar_postmarket variable to avoid having to write the code for calculating VWAP instead of simply using a ta.vwap function). Treats all...
Short Description: Visualize multiple SMAs and track percentage differences between them. Long Description: This indicator helps traders visualize multiple Simple Moving Averages (SMAs) on various timeframes and track the percentage differences between them. By showing the percentage differences, traders can quickly understand the relative distance between SMAs,...
This script shows On-Balance Volume adjusted for volume weighted candle body size. This means that the wick lengths, body length, and sell/buy pressure are calculated into percentages of volume that contributed to each. The body volume is the accumulatively tracked across candles to give a more accurate On-Balance Volume that has been traded to achieve the...
This is a script written exclusively for people who are trying to learn Pine Script. PSESS stands for "Pine Script Educational Script Series" which is a series of scripts that helps Pine Script programmers in 2 ways: 1. Learn Pine Script at more depth by an interactive environment where they can immediately see the effects of any change in the pre-written...
This strategy uses the MACD indicator to determine buy and sell signals. In addition, the strategy employs the use of "TrueLevel Bands," which are essentially envelope bands that are calculated based on the linear regression and standard deviation of the price data over various lengths. The TrueLevel Bands are calculated for 14 different lengths and are plotted on...
The indicator collects data from available exchanges based on open interest. The indicators are calculated in the amount of Bitcoin. Below are the tickers of the exchanges that provide the data: - BITFINEX:BTCUSD - BITFINEX:BTCUST - KRAKEN:BTCUSDPERP - BITMEX:XBTUSD - BITMEX:XBTUSDT - BINANCE:BTCUSDTPERP - BINANCE:BTCUSDPERP (due to low volumes and...
No lag, no boundaries, real momentum indicator. Momentum = mass × velocity In trading, this would be: volume × candle size. But due to the huge differences in volumes and volatility in the market, strong momentum crushes (flattens) average momentum, making it unpractical in an indicator. AMI provides a usable and adjustable workaround to this problem. HOW DOES...