This script finds wicks that are longer than the candle body and marks them as potential trading zones to be revisited. Lines, shading, and lookback can all be modified. Full credit for original code goes to @Squam_Gobaloochee. We updated to Pinescript V5 and cleaned up code. We reached out to original for permission to repost publicly and open source.
The Levels Of Greed indicator is based on the same idea as the Levels Of Fear one and was suggested by several traders in the comment section. It helps analyze price advances to find the best levels for closing a long position in an asset after a quick surge or longer up-trend. In finance, volatility is a term that describes the degree of variation of an asset...
While coding some filters into another indicator for Long/Short I noticed that ta.nearest.percentile might be the most useful tool in pinescript I've ever encountered. While percentile_nearest can be used for all kind of things I decided to code moving averages from it and made bands for bottom percentage and top percentage. The indicator will calculate the top %...
█ OVERVIEW This indicator was designed based on Harmonic Pattern Book written by Scott Carney. It was simplified to user who may always used tools such as XABCD Pattern and Long Position / Short Position, which consume a lot of time, recommended for both beginner and expert of Harmonic Pattern Traders. XABCD Pattern require tool usage of Magnet tool either Strong...
This indicator aims to compare between two charts if trader isn't sure which one is more active and powerful, it does NOT show entries or help your chart analysis directly. The main features of this indicator is to show vitality and range of any given chart. Volatility: it calculates the average profit of every swing in the range and the final result will be...
BINANCE:BTCUSDT This indicator is an opensource merge of the built in 'Pivot Points High Low' and the most popular 'Swing-high-low-support-resistance' indicators. The original 'Pivot Points High Low' does not have extensions with better visibility, while the most popular 'Swing-high-low-support-resistance' has no source available. I've also added additional...
Trading is all about finding reactionary levels from where we assume prices will take a certain direction. And from that assumption, we initiate either a long (Buy) position or a short (Sell) position. Many techniques can be used to find support and resistance levels such as pivot points, Fibonacci retracements, and graphical levels. However, these techniques are...
This indicator plots the 4h, Daily, Weekly, Monthly, Quarterly, Yearly Open High, Low and Mids. You can watch how these institutional trading levels work as support and resistance. Most Important you can add alerts to these levels with a few clicks. Just add/remove unnecessary levels for scaling problems. For any error/suggestion/improvement just let me know.
This script is yet another variant of the famous Bollinger Bands® TA tool used to track price volatility as it deviates from the mean of a security using standard deviations (positive &negative). Built for my own personal preferences. But perhaps you might like it, too. Includes + Chart Lines: price, upper and lower bands + User Options: SMA length, stdev...
Demand & Supply Zones This indicator helps to identify large moves driven by institutions. What qualifies as a zone? If the price moves (open to close) by more than a certain % in one candle or in a bullish / bearish run of candles, the zone is marked as a Demand or Supply zone . 0.8% is good for Crypto and Forex might be better with 0.4%. Play around with the...
Speed Diamond allows the user to easily view their chosen price target in relation to the current price of the chart. It displays a Diamond at the bar where the (theoretical) trade would have been entered and a line at the entry price. Displayed on the line is the amount of bars it has taken to arrive at your price target (current price). Price targets can be set...
1 SMA, 3 EMA, 1 MA. The SMA in white is an amazing support/resistence level on 4h charts with a long history, the three EMA are good indicators of buy/sell zones and and the MA is the same as EMA but with lag.
Used by me to play binary option. A little project to help my nephew decide which candle to refer to make SNR lines
Plots the positive and negative percentage levels from a selection of timeframes and sources for any ticker. You can use this within a pullback trading system. For example, if you historically look at the average pullback of large cap stocks and ETF's, you can use this indicator to plot the levels it could pullback to for an entry to go long. It can be used as...
Logarithmic regression is used to model data where growth or decay accelerates rapidly at first and then slows over time. This model is for the long term series data (such as 10 years time span). The user can consider entering the market when the price below 25% or 5% confidence and consider take profit when the price goes above 75% or 95% confidence line. This...
I made this script to group information considered useful in forex day trading, of course it can be used on crypto or other markets. First of all, feel free to suggest any improvement/new feature you would consider interesting for such an use. This is not especially a final version and I'm sure other relevant information can be added in this tool. Current...
I like trading the 1 minute and 3 minutes time-frames. I'm what is commonly called a "scalper". Long term investments yes, I have some, but for trading, I don't have neither the time, nor the patience to wait hours or days for my trade to be complete. This doesn't mean I discount the higher time-frames, no, I actually rely heavily on them. I found that EMAs do a...
The new and improved Support & Resistance Zones indicator is here. This indicator is based on high volume at fractal lows or fractal highs with the zones based on the size of the wick for that timeframe’s candle. This helps traders visualize which price levels are of the most significance for either reversals or continuation of the trend when zones are broken and...