Hello Everyone, Wish you all Merry X-Mas and happy new year. Lets start 2023 with fresh new strategy built on Wolfe Indicator. Details of the indicator can be found here 🎲 Wolfe Concept Wolfe concept is simple. Whenever a wedge is formed, draw a line joining pivot 1 and 4 as shown in the chart below: For simplicity, we will only consider static value for...
Companion to High Low Color Bars, for strategies that don't use open and close levels. Color is determined using change in midpoints between high and low ( hl2 ), with degrees of shading based on threshold levels in the settings. The default threshold is 1.2 standard deviations of the change in hl2. I use this to get a less noisy visual of volume-driven momentum.
High Low bars de-emphasize open and close levels, but sacrifice color. Because traditional candles use open and close to determine color, a new approach was needed. This script uses change in midpoints between high and low ( hl2 ), with degrees of shading based on threshold levels in the settings. The default threshold is 1.2 standard deviations of the change in...
This indicator detects and highlights market imbalances alongside a dashboard returning information about their frequency of occurrence and their fill percentage. Imbalances included in this script are Fair Value Gaps (FVG), Opening Gaps (OG) and Volume Imbalances (VI). Alerts are available for the occurrences of all market imbalances. Settings Imbalances...
This is an indicator script for TradingView called "ICT Killzone". It is a useful tool for identifying the London and New York open and close sessions, as well as the Asian range on the chart. The appearance of the "killzones" can be customized by selecting colors and transparencies for each session. Boxes can also be displayed around each session and labels with...
EN: TradingView indicator for FBMA strategy People oftem ask: “Dmitry, BABA, TSLA, AAPL flies like a rocket! Well, what are we buying!?” - And I say no, the price does not act like a straight rocket upwards or downwards, instead it breathes, inhales moving away from the moving average and exhales returning to it, so we will wait for the first pullback and buy...
How is this different? After reviewing a handful of session zone based indicators I decided to create this one not seeing exactly what I wanted, even this one only comes partially to my goals. This indicator will add session coloring on the chart in a vertical orientation, up to five sessions currently can be utilized. Timezones can be supplied that are...
Reference: tlc.thinkorswim.com Logic changed to transition to an active box after one higher low only.
This script automatically detects horizontal support / resistance levels based on user-programmable criteria. For example, you can detect boundaries with >3 touches within 200 days, allowing a tolerance of 1/4*ATR. "Touches" are defined from pivots on the chart. The best way to search for larger/smaller patterns is to increase/decrease the pivot size.* ...
Made to make it easier to count Elliott waves. If you renew your new high price, you'll continue your new high price When the new low is renewed, the new low is continued. If you are within the range of the previous candle, use the ratio of the difference between the median value of the previous candle and the closing price of the current candle to determine...
Divergence finder used to find BUY or SELL Signal based on a divergence between Price and RSI (Price goes UP when RSI goes down / opposite ) You can configure the script with several Options : Source for Price Buy Div : you can use the close price of the candle (by default) or use the high price of the candle for exemple. Source for Price Sell Div : you can use...
█ Overview The Ross Hook pattern is one of the most consistent and successful trading patterns that have been around for years. The Ross Hook is the first correction following the breakout of the 1-2-3 formation . This means that the Ross Hook only occurs in established trends. In other words, Ross Hook is a trend continuation setup. To fully understand the...
Defining Range DR and Implied Defining Range IDR for regular Session and overnight Session This script is showing the IDR and DR for the regular trading session and for the overnight session based on the rules from the creator of the DR/IDR concept. It works for all major Forex Pairs, BTC, ETH and the US Equity indices. This concept is based on rules and has a...
█ Overview The 1-2-3 pattern is the most basic and important formation in the market. Almost every great market move has started with this formation. That is why you must use this pattern to detect the next big trend. In fact, every trader has used the 1-2-3 formation to detect a trend change without realizing it. Our 1-2-3 Pattern (Expo) indicator helps...
This indicator shows the areas where LONGS or SHORTS can be made, the areas are calculated based on the mathematical averages of the high and low peaks of the price. It also has a line that shows the average of the price movement. you can make shorts when the price enters the orange zone called the "Short Zone". You can make longs when the price enters the orange...
Draw on your chart the congestion zone. The exit of the congestion zone is an interesting time for trading. How is calculated the congestion zone ? If the candle close in the range of the previous candle : this is a continuation of the congestion zone if the candle close out of the range of the previous candle : the congestion zone is over
— Overview Like traditional candles, session based candles are a visualization of open, high, low and close values, but based on session time periods instead of typical timeframes such as daily or weekly. Session candles are formed by fetching price at session start (open), highest price during session (high), lowest price during session (low) and price at...
Price action and supply and demand is a key strategy use in trading. We wanted it to be easy and efficient for user to identify these zones, so the user can focus less on marking up charts and focus more on executing trades. This indicator shows you supply and demand zones by using pivot points to show you the recent highs and the recent lows. Features...