This trading strategy combines multiple technical indicators to create a systematic approach for entering and exiting trades. The goal is to capture trends by aligning several key indicators to confirm the direction and strength of a potential trade. Below is a detailed description of how the strategy works: Indicators Used MACD (Moving Average Convergence...
The "Median PE Ratio and Intrinsic Value" indicator is designed for traders and investors who wish to evaluate the intrinsic value of a stock based on a comparative analysis of Price-to-Earnings (PE) ratios across multiple stocks. This tool not only provides insights into whether a stock is undervalued or overvalued but also allows you to visualize the intrinsic...
Catastrophe Distance is a tool to visually explore the time between catastrophic price moves. Catastrophes are defined with 2 variables: drawdown_threshold: the amount of percent the price has to fall lookback_period = the amount of last candles in which drawdown_threshold was reached. Drawdown_threshold per default is 25% and lookback_period is 5, meaning per...
Description: The watermark indicator is designed to enhance the visual presentation of your trading charts by adding customizable watermarks. This tool allows you to overlay essential information, such as ticker symbols, timeframes, dates, and custom text, directly onto your charts. While providing larger text options then all other watermarks currently...
The Breadth Thrust Indicator, based on Zweig's methodology, is used to gauge the strength of market breadth and potential bullish signals. This indicator evaluates the breadth of the market by analyzing the ratio of advancing to declining stocks and their associated volumes. Usage: Smoothing Length: Adjusts the smoothing period for the combined ratio of breadth...
# Ichimoku Power Indicator ## Overview The Ichimoku Power Indicator is an advanced tool that combines the traditional Ichimoku Cloud system with a unique power ranking mechanism. This indicator provides traders with a comprehensive view of market trends and potential reversal points, all while quantifying the strength of bullish and bearish signals. ## Key...
** Crypto Volatility Index(VIX) ** Overview The Crypto Volatility Index (VIX) is a specialized technical indicator designed to measure the volatility of cryptocurrency prices. Leveraging advanced statistical methods, including logarithmic returns and variance, the Crypto VIX offers a refined measure of market fluctuations. This approach makes it particularly...
Percentage zones refer to specific areas or bands on the price chart of a financial asset that are bounded by percentages of change relative to a reference point, such as the opening price or a reference value from a previous move. These zones are useful for identifying support and resistance levels, predicting possible price reversals, or setting price targets....
Percentage Change Indicator This indicator calculates and displays the percentage change between the current close price and the previous close price. It provides a clear visual representation of price movements, helping traders quickly identify significant changes in the market. ## Formula The percentage change is calculated using the following...
Understanding the Script: Purpose: This script identifies potential trend direction and momentum using a moving average and wave amplitude calculation. It shows a green line when the price is trending upwards and a red line when trending downwards. Strategy: This script doesn't provide a complete trading strategy. It's an indicator designed to be used alongside...
What this script does: The purpose of this script is to help traders identify when the major sectors of the market are moving in one direction - also known as a "market trend day". How this script works: The indicator uses QQQ, SMH and NVDA to represent the technology side of the market, and XLF, XLV & IWM to represent everything else. It tracks where price...
Tare's Multi-Timeframe Market Heatmap is a powerful tool designed to help traders quickly gauge market sentiment across multiple timeframes using a combination of RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicators. This indicator analyzes four customizable timeframes to determine whether the market is bullish or bearish,...
🔵 Introduction Indicators are tools that help analysts predict the price trend of a stock through mathematical calculations on price or trading volume. It is evident that trading volume significantly impacts the price trend of a stock symbol. The Volume-Weighted Average Price (VWAP) indicator combines the influence of trading volume and price, providing...
This chart is designed to calculate and display the percentage change of the Magnificent 7 (M7) stocks and the S&P 500 excluding the M7 (Ex-M7) from the beginning of 2024 to the most recent data point. The Magnificent 7 consists of seven major technology stocks: Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL), Meta (META), Nvidia (NVDA), and Tesla...
This is a tool for developers who are working with index based plots and find themselves adding the bar_index to their indicators on a regular basis during development and debugging. What it does: shows the bar_index in the status line and data window. plots optional labels (bar index + time) into the chart every 10 bars
Engulfing Candles with Sweep Indicator The "Engulfing Candles with Sweep" indicator identifies bullish and bearish engulfing candles that exhibit liquidity sweeps. It marks these significant candlestick patterns and draws a 50% Fibonacci retracement line from the high to low of the engulfing candle. The indicator helps traders spot potential reversal points where...
The "VIX-Heatmap" is a sophisticated and informative indicator designed for traders who want to integrate volatility analysis into their trading strategy, especially focusing on the market's fear gauge, the VIX (Volatility Index). This tool is not just about plotting numbers; it's about visualizing market sentiment in a more intuitive and impactful way. Key...
The Risk On/Risk Off Williams %R indicator is a technical analysis tool designed to gauge market sentiment by comparing the performance of risk-on and risk-off assets. This indicator combines the Williams %R, a momentum oscillator, with a composite index derived from various financial assets to determine the prevailing market risk sentiment. Components: ...