The Pi Cycle Indicator is a technical analysis tool used in finance, particularly within cryptocurrency markets, to identify potential market tops or bottoms. It is based on two moving averages: the 111-day moving average and the 350-day moving average of Bitcoin's price. The indicator suggests that when these two moving averages converge or cross each other, it...
Kalman Filtered RSI Oscillator The Kalman Filtered RSI Oscillator is BackQuants new free indicator designed for traders seeking an advanced, empirical approach to trend detection and momentum analysis. By integrating the robustness of a Kalman filter with the adaptability of the Relative Strength Index (RSI), this tool offers a sophisticated method to capture...
Indicator id: USER;91bdff47320b4284a375f428f683b21e (only relevant to those that use API requests) MEANINGFUL DESCRIPTION: The Fourier Smoothed Hybrid Volume Spread Analysis (FSHVSA) indicator is an innovative trading tool designed to fuse volume analysis with trend detection capabilities, offering traders a comprehensive view of market dynamics. This...
The idea is to identify significantly large candles on high volume. These candles frequently offer significant context to the subsequent candles. The indicator marks unusually large candles with certain body to wick & tail ratio that has above average volume. These candles are marked bullish and bearish (green or red respectively). It is recommended that these...
This indicator plots a blue vertical line on the chart when it's 8 AM, providing a clear visual reference of this time point on the TradingView chart.
Short Description: The Leverage Take-Profit-Lines indicator assists traders in setting take-profit and stop-loss levels based on leverage, entry price, and risk percentage. It draws horizontal lines representing various take-profit levels and the stop-loss level on the chart, aiding traders in visually identifying potential exit points and managing risk. ...
Introduction This indicator uses a novel combination of ATR Bands, candle wicks crossing the ATR upper and lower bands, and baseline, and combines them with the Stochastic SRSI oscillator to provide early BUY and SELL signals in uptrends, downtrends, and in ranging price conditions. How it’s unique People generally understand Bollinger Bands and Keltner...
Introduction This indicator uses a novel combination of Bollinger Bands, candle wicks crossing the upper and lower Bollinger Bands and baseline, and combines them with the Stochastic SRSI oscillator to provide early BUY and SELL signals in uptrends, downtrends, and in ranging price conditions. How it’s unique People generally understand Bollinger Bands and...
Bitcoin`s NVT is calculated by dividing the Network Value (market cap) by the USD volume transmitted through the blockchain daily. Note this equivalent of the bitcoin token supply divided by the daily BTC value transmitted through the blockchain, NVT is technically inverse monetary velocity. Credits go to Willy Woo for creating the Network Value Transaction Ratio...
The "3 Bar Play" is a simple yet powerful pattern that traders look for as a signal of potential market movement. The pattern is defined by a sequence of three bars (or candlesticks) on the chart: I saw Rake Trades post about this pattern. It not a new concept just wanted it to automatically be plotted on my chart rather then looking out for it. Up 3 Bar Play:...
TSI (True Strength Index) The TSI (True Strength Index) is a momentum-based trading indicator used to identify trend direction, overbought/oversold conditions, and potential trend reversals in financial markets. It was developed by William Blau and first introduced in 1991. Here's how the TSI indicator is calculated: • Double Smoothed Momentum (DM): This is...
The VWAP tracks the average price, giving weight to each candle based upon its' relative volume. In other words, high-volume candles move the VWAP faster than low-volume candles. On a good day, market maker: -Buys the dip -Pumps past resistance, causing bullish FOMO -Sells into the bullish FOMO, causing bearish FOMO -Buys the dip (rinse and repeat) By default,...
Introduction: The Trend Scope presents a cutting-edge approach to technical analysis, offering traders a distinctive perspective on market momentum through dynamic visualization. This innovative indicator harmoniously blends the momentum-based Rate of Change (RoC) with the smoothing precision of a Butterworth filter and the clarity of a Fisher Transform, all...
Growth stock investors are concerned with Earnings per share that is growing, Sales (Revenue) that is growing and Increasing gross margins. This indicator helps view each of these parameters. On the chart is Tesla (TSLA) gross margin (blue line) on a 12 trailing months basis (TTM). As you can see, TSLA's margins appear to be eroding. The user selects one of the...
SMA with ATR Bands This custom indicator combines the Simple Moving Average (SMA) with Average True Range (ATR) bands. It’s designed to help traders identify potential price reversals and gauge volatility. Here’s what it does: Simple Moving Average (SMA): The SMA represents the average price over a specified period. It acts as a trend-following line,...
█ OVERVIEW This script presents an implementation of the digital smoothing filter introduced by John Ehlers in his article "The Ultimate Smoother" from the April 2024 edition of TASC's Traders' Tips . █ CONCEPTS The UltimateSmoother preserves low-frequency swings in the input time series while attenuating high-frequency variations and noise. The defining...
Note: If you get an error preventing indicator from executing due to a loop running longer than >500ms, please lower the amount of boxes shown and/or increase the minimum gap % threshold. OVERVIEW The Gaps Profile (GP) simply shows the remaining gaps on the chart that have yet to be closed. Gaps are created where there's a distance between the current open and...
This custom Pine Script indicator is designed to analyze assets, including cryptocurrencies, through a lens inspired by the Cauchy distribution's characteristics. It focuses on identifying potential long and short opportunities by evaluating the asset's price position relative to a dynamically calculated median price and a scale parameter. Here's a breakdown of...