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.
[i]price
Indicator: Price Weight Oscillator [xQT5]This is my revision of AO (Awesome Oscillator) that can give more correct and early signals as on my opinion.
I'm used a original formula of AO and modified it with high and low prices adding.
Enjoy it!
Concept Volume Price Analysis (VPA)Highlighting possible reversals, continuation, etc based on price action and volume analysis.
Example - How to create multiple level gridsExample on how to create custom grids with variable N lines/labels:
PivotBoss ADR Price TargetsThis script forcasts daily, weekly, Monthly targets well in advance so that you can position yourself accordingly. Script has four target levels such as 50% target level, 75% target level, 100% target level and 125% target level. You can scale out your position across these levels. Price has 80% potential to reach 1st target level, 70% potential to reach 2nd second target level and 50% potential to reach 3rd and 4th target level.
The script takes 10 period average daily range and high of the period to project the downside targets, 10 period ADR and low of the peiod to project upsdie target levels.
When the price is trades in the narrow range in the prior period then the potehtial to reach 125% target level increase by 90%.
This script is purely price based use it with other pivotBoss pivots and volume profile for confirmation of your bias
RPI (Relative Price Index)This is a free indicator created by Stormpike Group that displays the relative price of an underlying for the given period.
Volatility (Body and Weighted Shadow)- Volatility Indicator
- Replacement for ATR
- As each pair holds a different level of volatility, a stop loss can be set using this indicator rather than via a ratio 2:1, etc. e.g. 2 X Volatility Value = S/L...
- This indicator averages the bodies of candlesticks over a default length of 14 periods. It also considers the length of shadows via a weighted average. This is done as it is assumed that financial institutions tend to move price to levels that do not hold (shadows). Therefore, wick lengths are less significant than the candlestick bodies, so they are weighted to hold less value.
Shadow MAShadow/Wick Moving Average
- Moving Average comparing top and bottom Shadow / Wick length
- Shadows represent price levels that have been hit, but did not close
- Not an all-purpose, all-in-one indicator for entry and exit
- Used as a visual aid to better understand price movement. For example. if price is bearish, but the Shadow MA is showing high, positive values, it is a sign that price is not tending to close at its highest point; therefore, there is bearish resistance.
- Can be used in combination with momentum oscillators and trend analysis.
Bitcoin East vs WestPlots the volume weighted price difference between the top spot exchanges in the "East" (Asian markets) versus the "West" (US/UK/EU markets).
Optional: view the volume difference between the two.
Megalodon Pro Advance Data CalculatorIt is designed to combine price, volume and indicator data from different brokers/exchanges. This helps us to have a more accurate data, so that we can have a better picture of the price/volume/indicators.
Features
It may combine up to 18 different data sources.
It can print indicators such as MFI, RSI, OBV, BB, Williams%R. If you have any suggestions, write them in the comment section below.
Usage
Just select the data points you would like to combine in the setting to view price, volume or indicators data.
Settings
Setting 1 defines the source you would like to use to view Only Price information.
Setting 2 defines the indicator you would like to print. OnlyPrice is the default setting which views the source information defined.
Setting 3 defines the length for RSI.
Setting 4 defines the length for MFI.
Setting 5 defines the length for Bollinger Band(BB).
Setting 6 defines the Bollinger Bands' standard deviation.
Setting 7 defines the length for Williams%R.
I hope you will find some VALUE $
~Bo
Enlightening the modern investors
Bitcoin Halving CountdownHello traders,
I offer you today the BTC halving countdown updated in real-time on your charts
I inspired myself greatly from the gentleman @everget's script LTC halving countdown below
(
The countdown date is coming from that source www.bitcoinblockhalf.com.
The halving date is estimated to be around May 13th, 2020 .
That date is hardcoded in the script and is used for the countdown calculation.
The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 12.5 to 6.25 coins.
Enjoy the weekend
Dave
PVT Osc - Price Volume Trend Oscillator [UTS]The oscillator version of the Price Volume Trend indicator (PVT) can be considered as a leading indicator of future price movements. The PVT Indicator is similar to the On Balance Volume indicator as it is also used to measure the strength of a trend.
The difference between the OBV and the PVT is that where the OBV adds all volumes when price achieves higher daily closes and subtracts them when price registers a lower daily close, the PVT adds or subtracts only a portion of the volume from the cumulative total in relation to a percentage change in price.
The general market consensus is that this difference enables the PVT to more accurately represent money flow volumes in and out of a stock or commodity.
The PVT has been designed so that it is capable of forecasting directional changes in price. For instance, if the price of a stock is rising and the PVT begins to fall, then this is indicative that a price reversal could occur very soon.
The general consensus is that the PVT is more accurate at detecting new trading opportunities than the OBV because of the differences in their construction. The OBV is designed so that it adds the same amount of volume whether the price closes upwards by just a small fraction or by multiples of its day opening value. On the other hand, the PVT adds volume proportional to the amount the price closed higher.
General Usage
Plain old PVT can be used to confirm trends, as well as spot possible trading signals due to divergences.
A benefit of the oscillator version is that it can produce LONG or SHORT signals on zero line cross.
Or controversy, disallow LONG trades in bearish territory and disallow SHORT trades in bullish territory.
Moving Averages
4 different Moving Averages are available:
EMA (Exponential Moving Average)
SMA (Simple Moving Average)
VWMA (Volume Weighted Moving Average)
WMA (Weighted Moving Average)
MFI - Money Flow Index [UTS]Money Flow Index (MFI) is the technical indicator, which indicates the rate at which money is invested into a security and then withdrawn from it.
Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is important to MFI.
Usage:
When analyzing the money flow index one needs to take into consideration the following points:
divergences between the indicator and price movement. If prices grow while MFI falls (or vice versa), there is a great probability of a price turn;
Money Flow Index value, which is over 80 or under 20, signals correspondingly of a potential peak or bottom of the market.
Common known variants of this type of indicator are the On Balance Volume, Chaikin Oscillator or Chaikin Money Flow.
Based on www.metatrader5.com
Volume PowerVolume Power
Volume Power is a technique that uses the PVT(Price - Volume - Time ) Distribution algorithm .
*** Features
* Pump or Dump Detection .
* Explosive move Detection .
* Better understanding to each candle than normal Price and Volume .
*** Colors Info
* Blue - No effect to the market .
* Green - Pump or Dump Detection .
* Orange - Average Market ( Can affect the market Trend ) .
* Red - Explosive Market ( Can affect the market Trend and Mostly a Potential Reversal ) .
*** Usage
* Red and Orange can be used for Potential Breakout Candles and Reversals .
Green can be used as Pump or Dump Detection that will help you with your stops and high Volatility detection before it happens as leading indicator .
BTC Mining Cost - IndicatorBTC Mining Cost Indicator
- Adjust the Emission Rate after each halving, currently it's 12.5
- Current settings are for the Antminer S17 with an average cost of 12 cents per kWh
As you can see, a bounce usually follows when the price hits the cost of mining 1 BTC .
I would love to hear your feedback, and if you like it please gimme a thumbs up ❤️
Happy Trading!
(PCL) Previous CloseI have recently been reading How to Day Trade for a Living by Andrew Aziz and one of the important support and resistance levels he talks about is the Previous Day Close Price.
I did not find an indicator that would simply plot this so I wrote a short simple pine script to plot the indicator.
Please feel free to edit or suggest improvements.
USOIL to MCX Crude INR - by AnanthThis Indicator convert and display the MCX Crude oil price in INR by calculating the USOIL Multiplied by USDINR plus Slippage Buffer value. The buffer can be set by the user as Input Value.
[RS]Plot in 3DEXPERIMENTAL:
plotting price,time,volume + additional price shift from moving average.
AZV Indicator
AVZ
Market is changing by 4 Factors which are (PVTTI - Price - Volume - Trades - Time
This indicator is a hybrid, with a combination of leading indicators and lagging trending indicators combined into one,and it's using mostly the 3 factors_ PVT which will help you getting good trades .
Volume :-
Leading indicators such as Volume Spikes , Average Volume Spikes (VolMA) ,and a special Spike calculation using RSI as a function with volume as a source .
Price:-
SemiLead indicators such as Aroon Indicator , RSI .
Time and Price Combination :-
Trend Recognition using Harmonic and Zigzag implementation from 'RicardoSantos' .
.
www.investopedia.com
Volatility Recognition : Using a special calculation to get the average called ( ZScore ) with Vwap implementation .
en.wikipedia.org
www.investopedia.com
How to use ?
This indicator is using number of bars of the last wave whatever if it's UP wave or Down wave .
Type number of bars on the specified area of the wave ( Bars Of Wave )
How many NO. Bar s to get accurate levels ?
1- If you are searching for a Support level , you have to count the number of bars of last UP wave from its low to it's high .
2- If you are searching for a Resistant level , you have to count the number of bars of last Down wave from its high to its low .
Buying Signal and Selling Signal ?
The indicator tries to identify levels that Buying Volume enter in the same way for Selling Volume .
Pumpenomics Price-action Levels (OHL M)Simple price-action levels in regards to the OHL and M levels.
Levels available:
Open (Orange)
High (Green)
Low (Red)
Middle [ /2] (Aqua)
Timeframes available:
1H, 4H, Daily, Weekly, Monthly, Quarterly, Yearly
Enjoy!
-
Inspired by Long Term Levels (4h, D, W, M, Q, & Y) by scarf
PriceScalperThis is a simple script that will visually show where buy and sell points occur based upon configurable price action. I wrote this purposefully to evaluate stablecoins and other narrow or fixed ranged markets where algorythms don't generally do well.
Putple triangles, pointing up, are buy signals.
Purple triangles, pointing down are sell signals
Alert conditions of BUY ASSET and SELL ASSET are provided for convience.
R100 Volatility Combo Bands v1 (*v*)The Volatility Combo Bands are made from 4 separate volatility bands- two Bollinger Bands (10 and 20 period) and two Price Headley Acceleration Bands (10 and 20 period). The Volatility Combo Bands plot the innermost upper and lower points from these bands and then plots a mid-line. By default, only the standard 20 period Bollinger Bands and Combo Bands with mid-line are displayed, but can be configured however you want.
Try it out- see squeezes earlier, ride the bands earlier in trending markets, trade pullbacks to the Combo Bands and mid-line, trade the range of the band or use them to help identify potential support and resistance levels. Hopefully they can add another dimension to identifying volatility contraction patterns or whatever you currently use these things for!
I hope you get some value out of it. Only conditions of use are that if you improve it, let me know and if you publish something that uses it, don't hide the code! Enjoy!
Code for the Price Headley Acceleration Bands pinched and modified from LazyBear - thankyou.