Accumulation & Distribution DetectorThis indicator lets us to automatically detect and mark strong and clear Price Action levels in which there were Accumulation and Distribution phases in any timeframe.
This Accumulation and Distribution is associated with a laterality in the market and they are usually important price levels to take into account for either future Price Action trades in Supports and Resistances or in Supply and Demand levels since they are usually turning points in the market.
This indicator, unlike other existing ones, allows us to adjust through the parameters both the level of demand and the size of these candles regarding the ATR and the size of the candle itself. The tighter we are, the fewer candles marked there will be and, therefore, the desired level to trade will be more powerful and stronger.
Note : The order of elements on the chart must be configured so this indicator should be above the candles, otherwise it will not be displayed correctly.
Este indicador nos permite detectar y marcar de forma automática los niveles fuertes y claros de Price Action donde ha habido fases de Acumulación y Distribución en cualquier marco de tiempo.
Esta Acumulación y Distribución se asocia a una lateralidad en el mercado y suelen ser niveles de precio importantes a tener en cuenta para futuras operaciones de Price Action en Soportes y Resistencias o sobre niveles de Oferta y Demanda ya que suelen los puntos de giro en el mercado.
Este indicador, a diferencia de otros existentes, nos permite ajustar mediante los parámetros el nivel de exigencia y tamaño de estas velas con respecto al ATR y el tamaño de la propia vela. Mientras más estrictos seamos, menos velas marcadas habrá y más potente y fuerte será el nivel deseado para operar.
Nota : Se debe configurar el orden de elementos en el gráfico para que el indicador esté por encima de las velas, de lo contrario no se visualiza correctamente.
Parameters Settings / Parámetros Ajustables:
MAX Body size vs Full Candle (%) : Max body vs Full Candle size percentatge required, default 50% / Porcentaje Máximo Permitido para el tamaño del “Cuerpo” sobre el tamaño completo de la propia vela, por defecto 50%
MAX Candle Size vs ATR (%) : Max candle size vs ATR percentage required, default 70% / Porcentaje Máximo admitido para el tamaño total de la vela con respecto al ATR, por defecto 70%
ATR Length : Candles Number to calculate ATR average, default 30 / Cantidad de velas para medir el ATR, por defecto 30
Use ATR filter? : We can activate or deactivate the ATR calculates, default activated / Podemos anular el cálculo sobre el ATR y hacerlo normal, por defecto activado
Color Settings / Colores Ajustables:
Print Char : Char and Color printed in candle / Símbolo y Color que dibuja sobre la vela detectada
Priceactionanalysis
Volume histogramThis volume indicator detects and paints with different colors up to 3 ranges of volume level necessary to identify the price zones where large investors act and trade with the price and volume's strategy.
It will be easier and faster for you to identify the important volume levels in order to apply them to your trades.
The greater difference and advantage over other existing volume indicators are the following:
Parameters may be adjusted to the quantity of candles which are necessary in order to calculate the average volume, and to the percentage which the high volume should be regarding the average volume for each candle.
It paints in 3 different colors: high volume, medium volume and low volume; the visual control is better with the size of the volume.
It is possible to set as many alerts as you need in order to let you know when the desired volume level is reached.
Este indicador de volumen detecta y pinta de color diferente hasta 3 rangos de nivel de volumen necesarios para identificar las zonas de precio donde actuan los grandes inversores y operar con la estrategia de precio y volumen.
Te será más fácil y rápido identificar los niveles importantes de volumen para aplicarlos a tus operaciones.
La gran diferencia y ventaja con respecto a otros indicadores de volumen existentes son tres.
Puedes ajustar los parámetros sobre qué cantidad de velas tiene en cuenta para calcular el volumen medio, y cuanto porcentaje debe ser el volumen alto con respecto al volumen medio para cada vela.
Te pinta en 3 colores diferentes el Volumen Alto, Volumen Medio y Volumen bajo, teniendo mejor control visual en el tamaño del volumen.
Puedes colocar tantas alertas como necesites para avisarte cuando llegue al nivel de volumen deseado.
Parameters Settings / Parámetros Ajustables:
Highest vs Average Vol Size (%) : Highest Volume Size vs Average Volume, default 200% / Tamaño del Volumen Alto con respecto al volumen Medio, en porcentaje. Por defecto, 200%
Vol Average Length : Candles Number to calculate Average Volume, default 500 / Cantidad de velas para calcular el Volumen Medio, por defecto 500.
Color Settings / Colores Ajustables:
Color 0 : Highest Volume, Above a % Average Volume
Color 1 : Above Average Volume
Color 2 : Below Average Volume
BreathEasyVolumeAnalysisOutline of Indicator:
Purpose of this indicator?
Main purpose of building this indicator is to help traders who refer Current Month Futures to look for the volumes while they trade on the Index chart, with some added analysis on the volumes.
What it CAN DO?
Traders rely on volume as a key metric because it lets them know the liquidity level of an asset, and how easily they can get into or out of a position close to the current price, which can be a moving target.
Hence I have used some two of powerful indicators to help supporting the volume analysis which is OBV indicator and the Price Volume Trend indicator. Calculations are bit modified to fit best as per the Leniear Regression Box.
Note: Source has been set to Nifty Current Month Expiry Future. If you are a BNF trander source has to be changed manually using the Settings.
Feel free to PM me for any further information.
Regards,
BreathEasy
PP AIO Dynamic ZoneAs promised i present you Version 2 of the Dynamic Zones.
PP Dynamic Zone with Additional features included as follows.
1. CPR
2. Camarilla Pivot and Level 12
3. On/off switch enabled for Camarilla L3,4 and L5,6 which can be exclusively used for L4 breakouts sessions.
4. 3 EMA configured with 20,50,200 Exponential moving Average.
5. Exclusive Moving average can be enabled on demand like SMA, EMA, TEMA, Smoothed EMA, Hull Moving Average, Super Smoothed Moving Average and more.
Features Removed
1. Monthly Dynamic Zone
FAQ .
1. Open the indicator setting page.
2. enable the featured which you would like to enable. check boxes with Show.......
3. if values for the indicator need to be passed or hanged you can do.
4. CPR have check boxes to hide or show R 234 or S234
5. Camarilla Pivot have exclusive checkboxes to show only L3,4 and L5,6 which can be used for Breakouts strategies.
Usage :
Method 1 :
Use CPR / Camarilla for entry and exit points can be decided according to the Dynamic zones.
Method 2 :
EMA breakout or 20,50, 200 crossover and exit at Dynamic zones on either side.
Method 4:
Use Additional EMA system and buy or sell using price action based on MA and levels with dynamic zones.
Hope you all enjoy this system and get benefited.
Swing Index System - Heiken Ashi Pivot Breakout StrategyFor Educational Purposes. Results can differ on different markets and can fail at any time. Profit is not guaranteed.
This only works in a few markets and in certain situations. Changing the settings can give better or worse results for other markets. This is a breakout strategy that uses the heiken ashi bars to find the support and resistance levels or the swing pivots to try to objectively find a breakout. When the price breaks out of a swing pivot, breakout can be confirmed and a strategy can be made. The trade exits as soon as in profit when the heiken ashi bar changes color, when the price swings start to slow down, or when the price breaks below a swing pivot. There might be many strategies and possible ideas that can be made just from knowing where the swing pivots are alone. For this one, I decided to try to emulate Wilder's Adam Theory approach by entering only a specific criteria when it makes new highs or lows that I experimented with. The Swing Index System seems to be similar to what he describes in his book (or perhaps it is the same thing).
Some say that price is the ultimate indicator, but not many really know what that really means. This is yet another approach to try to interpret what that means. This strategy only contains a piece of the complete breakout and trend strategy approach of the Adam Theory and won't be profitable in every market under every situation. This does not include price patterns that the Swing Index System is said to be able to find such as chart patterns, wedges, tops/bottoms, etc. This only includes the small breakout portion requirement in the book. I included specific entry and exit criteria to make the strategy work well that involves nothing but the price action of the swing points only due to the lack of the other missing pieces. It does not contain the missing pieces. Despite this, it can still help find where breakouts might be in an objective matter using the Swing Index System as a standalone trading system and it doesn't involve lookbacks or anything but price alone.
DePriExchange weighted price for cryptocurrencies
DECENTRALIZED PRICE CHART FOR DECENTRALIZED WORLD
See non-manipulated , globally price action that comes from whole liquidity!
The main idea behind this script is that...
The value of each trading pair finally determined globally and the price displayed in exchanges is its own and not global! differences between exchanges, reduced to near zero gradually by market makers and arbitrages, so..
Every min tick price changes Must be backed by liquidity to be part of the global fluctuations
more liquidity gives it more credibility
more credibility give it more weight
..Against opposing movements.
This script can collect price of crypto pairs from 12 exchanges that listed on TV and have effective volume.
In the first step, summarizes the volume of all exchanges and creates the total volume
In the next step, divide each exchange volume to total volume to obtain relative weight of each exchange.
In the final step, multiply each exchange price to weight of itself and summarizes these numbers .. now, we have Exchange weighted price!
The results on high liquidity pairs like BTCUSDT, ETHUSDT, is not much differ then simple chart but when you apply it on lower liquidity, lower time frames of altcoins, you realize its benefits and usefulness. Altcoins chart in composite and simple mode is very differ, I hope you enjoy from TRUE CHART.
With this, also you can..
Filter and smooth candlestick chart with SMA or EMA
Plot a line chart of pair at your desired frame separate from the main chart for monitor important price levels
Get realtime report of whole volume of pair on included exchanges
Get realtime report of each exchange weight and share
Note.1:
some of pairs queted on more than one like BTCUSD, BTCUSDT, BTCUSDC and etc. In this pairs we choose the one that usually has more volume on that exchange.
Note.2:
At this time, supported queted currencies are BTC, ETH, USD, USDT, BUSD, USDC, USDK.
Note.3:
This script is relatively heavy! This is not cuz of bad coding.
Each bar compution contains at least one plot and some of security calls, so 10 to 15 seconds is normal load time.
Note.4:
You can combine this with your price action base scripts and use balanced OHLCV. The necessary explanations about this are available in the code.
Note.5:
You must only include exchanges that support your ticker, Otherwise you will receive an error.
I hope it comes useful to you.
Angle & Price FlowThis is a simple end of the day indicator based on open and close values.
Angles:
Identifying narrow angles helps to find breakouts
Maximum angle = High chance of reversal
Minimum angle = Chance of breakouts on the next day or upcoming days.
Price Flow:
I personally use price flow to simplify the flow of candlestick chart and to identify breakouts using rounding bottoms and rounding top patterns, sharp corners for reversals.
Features:
Multi time frame
Labels
Hide previous period
Combine it with other indicators for better result.
APW Price ActionThis script uses floor pivots and a VIP level which is very important level from Price action point of view. These levels act as strong support and resistance levels. I Mainly use this for Banknifty:NSE but these can be used across any instrument which is can be traded. This script will be upgraded further with more price action concepts.
PivotBoss-ThyagarajThis script helps in plotting multiple price action tools useful for a intraday/positional trader.
1- It can Plot opening range breakouts ( ORB ) and can customise the opening range starting from 1 min to 60 mins as you wish.
2- It can plot historical opening range breakout levels.
3- It can plot multiple timeframe (Daily/Weekly/Monthly ) CPR lines and future CPR levels.
4- It can plot the multiple timeframe camarilla or standard pivot point s.
5- It can highlight multiple bearish and bullish candle stick patterns.
6- It can plot short,medium and long term simple moving averages .By default I have set it as 20,50 and 200 sma.
7- It can colour the candle body based on candle body ratio to 14 period ATR.
8 - Each and every tool can be used individually or in combination of one another as per the users comfort.
9- All the tools can be formated as per the users choice... I have considered dark theme while setting the present colours.
Please use and provide your feedback .
Good Luck and Happy Trading...
Narrow Range Candle IndicatorThis is a script which identifies the Narrow Range Candles or the Base Candles.
This scrip do not change the color of the Base candles but identifies them, hence any Gap between the Base Candles are not omitted. Gaps are extremely valuable information while trading based on Price Action.
So, we will have all the valuable information while analyzing the chart like Gaps, as well as, it will also help in identifying the Price Action Zones...
Price Action - Level/Zone (Expo)Price Action - Level/Zone (Expo) indicator identifies buying and selling pressure that has an impact on the price movement. This is visualized by a Zone, or Levels or with Barcolors depending on which settings are used.
Depending on the selected settings the indicator can identify buying and selling pressure which pushes the price further in the trend direction and it can show exhausted buyers/sellers which is seen in reversal points.
HOW TO USE
1. Use the indicator to identify buying and selling pressure.
2. Use the indicator to identify exhausted buyers and sellers.
3. Use the indicator to identify reversal points, pullbacks, or trend shifts.
4. Use the indicator to buy/short-sell breakouts of the zones.
5. Use the indicator to buy/short-sell when the price re-test the zones.
-> Try the indicator on Heikin Ashi Candles , but it works as good at any type of candlestick, bars, Renko, or line break.
INDICATOR IN ACTION
4 hour chart
4 hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Buy Sell SignalsWill be making more enhancements to the Buy Sell indicator in the coming days..
The main idea of the indicator is to pick up small but powerful ups and downs in the market.
I personally use 1 min Time Frame as it works the best for me. These are quick entries, you can either exit quickly or trail your stoplosses for a nice profit.
The design is to provide possible entry points. It is not designed to provide you with Exit points.
Also added the Current Day High & Current Day Low (CDH & CDL can change when new highs or new lows are made in intraday).
PDH & PDL denotes the Previous Day High and Low (these are static lines that do not change)
This gives you a sense of how the day is moving.
Please do your own analysis before you take up entries. Trade at your own risk..!
Time Frame: works best in intra day time frames like 1 min, 3 min and 5 mins
Signal:
Possible Long Trend: Background color is GREEN, there is a high possibility that the price would shoot up
Possible Short Trend: Background color is RED, there is a high possibility that the price would take a nose dive
A continued GREEN or RED background does not indicate a fresh entry, it merely shows that the conditions still haven't changed.
Risky traders can still take up a new position or add to their positions when there is a continuous same color - GREEN or RED
When there is no background color, it means that not all conditions are met to give a clear direction. In short the view is neutral.
Recommended Stop Loss or Take Profit:
I personally use 0.5% as the SL and 0.5% as TP. You can use multiples of 0.5% to keep trailing your profits. I've seen some very good results with this. By default, 0.5% for both SL & TP is shown with a grey dotted line for both the Long positions and Short positions.
Alternatively, you can also use the Resistance levels and Support levels as your SL and TP areas too.
Do backtest and find your sweet spot.
Good luck..!
Special Momentum Oscillator
This is my proprietary momentum oscillator indicator.
It is an indicator that seeks to track the momentum of price actions.
When the oscillator is above zero, it is interpreted to reflect upwards price momentum.
Likewise, when the oscillator is below zero, it reflects downwards price momentum.
Additionally, there are overbought and oversold zones at 10 and -10 respectively.
When price action reaches these extremes, there is a likely tendency for a reversal.
The slope of the indicator can also be used to identify the general price trend.
The indicator has customizable alerts, and you can also set it to show buy/sell signals.
Please try it out and let me know what you think! :)
Cuban's Price Action ChannelThe latest in the indicator series tailored to discretionary traders.
This script draws a channel by using the highs and lows of previous timeframes. The H1 and H4 fill is extremely useful for taking low timeframe front-side reversals in a ranging environment, while providing high timeframe levels to take profit at, and plan your next trade.
I believe this script provides a solid fundamental price action understanding and foundation to anyone's discretionary trading setup.
2HH2LL formationPrice action formation like a confirmation to get in to the trade. Based on 3 candles.
2HH formation= High-> higher high-> open above and close below high of the first bar.
2LL formation= Low-> lower low-> open and close above low of the first bar.
Intelligent Price Action - Movement Up (Expo)Intelligent Price Action - Movement Up (Expo)
DESCRIPTION
Intelligent Price Action - Movement Up (Expo) identifies important up movements that have an impact on current price characteristics. The indicator is visualizing buying pressure! These price patterns are valuable insight when trading the market.
This indicator response faster to price movement and is more focused on detecting buying pressure rather than exhausted buyers.
• Buying pressure is seen in reversal points.
• Buying pressure can be seen when the buyers are exhausted.
• Buying pressure can be seen in positive breakouts.
HOW TO USE
1. Use the indicator to identify buying pressure.
2. Use the indicator to identify reversal points.
3. Use the indicator to identify exhausted buyers.
4. Use the indicator to identify breakouts.
Combine the indicator with ‘ Intelligent Price Action - Movement Down (Expo) ’ or with my other Price Action indicators.
INDICATOR IN ACTION
EURUSD
BTCUSD
BTCUSD
GOLD
WALL STREET
WALL STREET
BTCUSD
EURUSD
The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Intelligent Price Action - Movement Down (Expo)Intelligent Price Action - Movement Down (Expo)
DESCRIPTION
Intelligent Price Action - Movement Down (Expo) identifies important down movements that have an impact on current price characteristics. The indicator is visualizing selling pressure! These price patterns are valuable insight when trading the market.
This indicator response faster to price movement and is more focused on detecting selling pressure rather than exhausted sellers.
• Selling pressure is seen in reversal points.
• Selling pressure can be seen when the sellers are exhausted.
• Selling pressure can be seen in negative breakouts.
HOW TO USE
1. Use the indicator to identify selling pressure.
2. Use the indicator to identify reversal points.
3. Use the indicator to identify exhausted sellers.
4. Use the indicator to identify breakouts.
Combine the indicator with ‘ Intellilligent Price Action - Movement Up (Expo) ’ or with my other Price Action indicators.
INDICATOR IN ACTION
EURUSD
EURUSD
BTCUSD
BTCUSD
GOLD
WALL STREET
WALL STREET
EURUSD
BTCUSD
BRENT
The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Intelligent Price Action - Positive Close (Expo)Intelligent Price Action - Positive Close (Expo)
DESCRIPTION
Intelligent Price Action - Positive Close (Expo) identifies important positive closes that have an impact on current price characteristics. The indicator is visualizing buying pressure! These price patterns are valuable insight when trading the market.
• Buying pressure is seen in reversal points.
• Buying pressure can be seen when the buyers are exhausted.
• Buying pressure can be seen in positive breakouts.
HOW TO USE
1. Use the indicator to identify buying pressure.
2. Use the indicator to identify reversal points.
3. Use the indicator to identify exhausted buyers.
4. Use the indicator to identify breakouts.
Combine the indicator with ‘I ntellilligent Price Action - Negative Close (Expo) ’ or with my other Price Action indicators.
INDICATOR IN ACTION
EURUSD
EURUSD
BTCUSD
BRENT
WALL STREET
WALL STREET
WALL STREET
BTCUSD
BTCUSD
EURUSD
EURUSD
The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Price Action - Delivery Algorithm (Zeiierman)█ Overview
Price delivery algorithms in trading refer to complex computational algorithms used to determine the optimal price for executing trades. These algorithms are particularly relevant in electronic and algorithmic trading environments where large volumes of trades are executed automatically.
These algorithms are designed to analyze market data, including prices, volumes, and historical trends, to determine the most favorable price at which to execute a trade. They can take into account various factors such as market liquidity, price impact, and timing to optimize trade execution.
█ How It Works
Optimal price zones can be calculated in many different ways; we have decided to use a cycle method that determines the current dominant trend. The indicator functions by isolating a trend within a specific frequency range from various data.
Filter Logic and Loop:
The indicator computes a weighted average of historical prices over a range of past data points. It employs a loop to iterate over these past data points, applying a unique weight to each, depending on its position relative to the trend period.
Weight Calculation:
Weights are determined using triangle wave functions. The triangle wave function ensures that the weighting oscillates in synchronization with the desired trend period.
Summation:
The indicator aggregates the weighted prices from past periods to generate a single value for each point in time. This value signifies the strength and direction of the trend at the specified frequency. The results are used to determine the specific price zones.
█ How to Use
The price zones help traders identify the best times to enter and exit the market, similar to how support and resistance zones are used. The strategy is based on using price delivery algorithm zones to enter the market in areas commonly used by institutions for placing larger orders. The main advantage of this strategy is having the support of these heavier players.
█ Settings
Delivery Algorithm: This setting allows you to select the calculation method for the Delivery Algorithm. There are several options including "Price", "Swing High", "Swing Low", "Swing Mean", "Momentum", "Expansion", and "Volume". Each option represents a different way of analyzing market data, focusing on different aspects of price action or market dynamics. The choice here will influence how the algorithm interprets and responds to market data.
The corresponding length value is about the responsiveness of the Delivery Algorithm. Adjusting this value affects the algorithm's sensitivity to changes in market conditions. A higher value makes the algorithm more responsive, meaning it will react more strongly to recent market changes. This could be useful in volatile markets. On the other hand, a lower value makes the algorithm less responsive, resulting in more gradual adjustments. This might be preferable in more stable market conditions to avoid reacting to what might be considered 'market noise.'
Delivery Sensitivity: This setting adjusts the sensitivity of the algorithm's calculations to price movements. A higher value tends to smooth out the algorithm's output by considering a wider range of price data, which can be useful for identifying longer-term trends. A lower value makes the algorithm more sensitive to recent price movements, which can be helpful for short-term trading or scalping strategies. The option to enable Scalping Mode is particularly relevant for traders focusing on short-term, quick trades.
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pivots (CPR) - Daily, Weekly & Monthly (only for Indraday) Hi all Dear users,
Here, I have shared my CPR script on Daily, Weekly & Monthly basis. which will only works on intraday time frames. Best time frames recommended are 3,5 &15.
This will be very useful for intraday trades. And also it has more customizing options.
The features are:-
================
- Have an option to use only Daily pivots.
- Have an option to check tomorrow pivot ( After day closing).
- You can customize each and every style and colors.
- It also contains Previous day High, Previous Week High & Previous Month High.
- You can Show or Hide daily weekly Monthly and highs too.
Please share this AMAZING INDICATORS others.
ConditionZeroThis study is a proof of concept analysis of situations that can lead to divide with zero or divide by zero conditions. Such situations can lead to mathematical errors, and can increase the potential for false alerts.
One common formula that is prone to this situation is:
pct=(high-close)/(high-low)
This is used to calculate percentage change of a candlestick.
Common outcomes are 0/0, 0/x, x/0, where x is a non zero value.
Visualizing this situation allows for more robust script development and deployment.
There are no user configurations.
Periodic Price ActionI have developed this indicator to compare the current price with the any given periods opening price and to spot if the market is bullish or bearish. You can compare the current price with the past periods using "Shift" feature.
Disclaimer: This is not financial advice
Trade safe,
Atilla
Kay-Rules: Candlestick PatternsThis indicator will mark 5 different candlestick patterns:
(1) bullish & bearish engulfing
(2) hammer & shooting star doji
(3) dragonfly & gravestone doji
(4) morning & evening star doji
(5) bottom & top tweezer
You may follow candlestick trading strategy by Rayner Teo here
