As in the practices, most traders find it hard to set the proper lookback period of the indicator to be used. SwamiCharts offers a comprehensive way to visualize the indicator used over a range of lookback periods. The SwamiCharts of Relative Strength Index (RSI), was developed by Ehlers - see Cycle Analytics for Traders, chapter 16. The indicator...
This indicator colors the volume bars and candles according to the volume traded. The calculation of the heat map zones is done as follows:
how many standard deviations the volume are distant from the average volume?
For a better visual experience, place the borders and wicks of the candles in a neutral color.
Up to 3 MA's can be applied at the users discretion
Choose between 10 different average types including favorites from the Bjorgum series from HEMA to Reversal T3's
Each MA can be independently set
Go Multi-timeframe! Any MA can be set to any timeframe of reference you choose (ex. using 3 different timeframes of...
A variation of a Volume Profile based on code originally by LuxAlgo. () The traditional bar chart is replaced with full-width bars that are brighter for high volume price levels.
Like a traditional VP, its purpose is to visualize how volume corresponds to specific price levels, allowing you to get a quick idea of where the most activity is occurring, and where it...
I think you all know Donchian Channels. so I am not going to write about it.
With this indicator I tried to create Donchian Trend Ribbon by using Donchian Channels.
How it works ?
- it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
- then it calculates trend direction for each 9 lower...
This was a simple indicator to indicate the heatmap area of an asset price, in a relative given time period. In default the lookback period was set to 50 bars, indicating the current state of the price within the previous lookback period. The color scheme was using the rainbow palette, which set blue as the cooling-off area, and red as the heating...
I wish a Happy New Year!
The last time I tried to developing a Volume Heatmap, that the Marketorders made.
With the currently version I achieve my skills for that and I present it for everyone - some bugs I cannot solve today.
It also possible to see the POC - also the dynamic of volume developing:
The background for that is to find the...
At its core, this indicator is a variation of my other indicator, Welkin Advanced Volume Overlay (for VSA )
This version is based on the power of multi-timeframe analysis. The basic functionality is simple: Plot lines from the high and low of candles formed during periods of high volume and fill the space between them. The volume levels for deciding what counts...
Heatmap I made/reverse engineered.
Currently tracks the 4 following oscillators:
- CCI (Channel Commodity Index)
- MFI (Money Flow Index)
- VZO (Volume Zone Oscillator)
- RSI (Relative Strength Index)
Any feedback or suggestions highly appreciated.
/* Inspiration taken from @ByzantineGeneral (TradingView profile: /u/ByzantineGeneral, indicator:...
This indicator uses Tom DeMark’s TD Sequential counting from 1 to 13.
Number 9 and 13 usually identify an exhausted trend and mark a trend reversal.
The important numbers get displayed as labels (7-13), where 9 and 13 are both highlighted as "Long" or "Short".
Besides the numbers the price candles are colored based upon the sequence.
Bullish colors are...
Hello traders and aspiring Pinescripters
You might remember this script Supertrend-Heatmap-Multi-timeframes/ ?
A follower, asked me in a comment to do a version where YOU guys can select the timeframes
Well... what follower asks, follower (sometimes) gets. I'm not Santa Claus but this is Christmas with a few months in advance (#oh #oh #oh)
This tool is designed to visualize how the trading volume of each asset changes during the week.
How to use
This tool can help us better understand the market and answer many questions, such as:
◽ How to avoid getting stop hunted?
Typically, trading volume decreases at certain times of the week, which is the best time for large holders to manipulate the...
I didn't publish on Friday because I was working on an Expert Advisor in MT4. The day I don't publish, some scripts spamming guys published many (not useful) scripts the same to kick me out of the TOP #1 ranking.
So what I'm going to do about it? crying or sharing more quality scripts than before? :)
I guess you know the answer :) I'm gonna share a...
this indicator maps volume as brightness over an SMA. the brightness then fades over time.
It draws 30 bands, so you will need to load multiple instances to get a large picture.
Configure the settings, then copy and paste the indicator, modifying only the vertOffset attribute each time
Patience, bruh. This takes a long time load. Chrome runs it faster...
Script to display Supertrend trend state of 8 different securities in a panel. Timeframe & Tickers which are to be displayed can be configured from settings.
Part of code is from the ADX DI Monitoring Panel script by u/wugamlo with his permission. Thanks to him for that and do please check out his work also.
While analysing a chart, one of the biggest problem is to see if there is trend or not. While thinking about it, I found the idea to analyse moving averages in channel and their momentum according to channel width.
How it Works?
On each bar it creates a channel by highest/lowest point of a MA. highest point is upper line and lowest point is lower line of the...
Hi fellow traders..
TV has generously increased the number of alerts!!
A Simple Watchlist with heatmap based on % change on daily timeframe.
Gives % change and RSI
you can set the percentage in the input box and then set alerts on your favorite watchlist.
Alerts also include days high and low..
Simple Table and array based code.
set for scrip close >10 can be...