The Breadth Thrust Indicator, based on Zweig's methodology, is used to gauge the strength of market breadth and potential bullish signals. This indicator evaluates the breadth of the market by analyzing the ratio of advancing to declining stocks and their associated volumes. Usage: Smoothing Length: Adjusts the smoothing period for the combined ratio of breadth...
This script combines a Volume-Weighted RSI, smoothed with a custom Hull Moving Average (HMA), with a modified MACD based on normalized net volume. Volume-Weighted RSI: It is calculated by adjusting the closing price with a normalized On-Balance Volume (OBV) and then applying an RSI. This approach weights the RSI according to volume, providing a more accurate...
a comprehensive indicator that includes moving averages (MA), support and resistance levels, Change of Character (CHoCH) detection, trend identification, and entry/exit signals. Here's a breakdown of its components: Input Parameters: ma15_length and ma50_length: Lengths for the moving averages. lookback: Period for detecting support and resistance levels. Moving...
This script is designed to enhance your trading strategy by comparing the current symbol with another comparative symbol. The goal is to trade a symbol only when its Relative Strength (RS) value surpasses the long moving average of the RS value, ensuring more informed and strategic trading decisions. Default Mode In the default mode, the RS value is calculated...
▋ INTRODUCTION: The “Portfolio Index Generator” simplifies the process of building a custom portfolio management index, allowing investors to input a list of preferred holdings from global securities and customize the initial investment weight of each security. Furthermore, it includes an option for rebalancing by adjusting the weights of assets to maintain a...
This Pine Script indicator calculates and plots 17 predefined Fibonacci retracement levels based on the high and low of a user-defined number of previous candles. The levels are drawn on the chart for the most recent candles, as specified by the user, allowing traders to see how these historical Fibonacci levels align with the current price action.
Script Overview This script is a trading indicator designed to identify potential buy and sell signals based on the crossover of two Exponential Moving Averages (EMAs): Indicator Title and Setup: The script is named "EMA Crossover Buy/Sell Indicator" and is plotted directly on the price chart. EMAs Calculation: It calculates two EMAs: a 20-period EMA and a...
**Multi-Length RSI Indicator** This script creates a custom Relative Strength Index (RSI) indicator with the ability to plot three different RSI lengths on the same chart, allowing traders to analyze momentum across various timeframes simultaneously. The script also includes features to enhance visual clarity and usability. **Key Features:** 1. **Customizable...
RishiMoney RSI The "RishiMoney RSI" indicator is designed for traders who want to leverage the power of the Relative Strength Index (RSI) across multiple timeframes. In addition to regular RSI, this script allows the users to select custom timeframes for two additional RSI calculations, making it easier to identify trends, reversals, and potential entry or...
The Prometheus Volatility EMA is an indicator that calculates an Exponential Moving Average with the historical volatility as how we decide how sensitive to make the indicator to the most recent data. A traditional EMA is calculated like this: EMA = alpha * source + (1 - alpha) * EMA , where alpha = 2 / (length + 1) Sourced from TradingView’s ta.ema built in...
## Key Features Advanced Trend Detection Combines Ichimoku Cloud, Stochastic RSI, and moving averages Clear buy and sell signals based on multiple confirmations Customizable settings for fine-tuning to different markets and timeframes Visual Clarity Color-coded candles for easy trend identification On-chart labels for key candlestick patterns ...
EMA Volume is a versatile tool designed to track and analyze market volumes by calculating the Exponential Moving Averages (EMAs) of total, bullish, and bearish volumes. This indicator helps traders visualize volume dynamics, identify buying and selling pressure, and make informed trading decisions based on volume activity. Key Features: • Volume EMAs: The...
Cumulative Calculation: Summarizes the net volume (buying minus selling volume) cumulatively, providing a running total that reflects the aggregate trading pressure. Custom Timeframe Flexibility: Users can choose to analyze the volume on a custom timeframe, enhancing adaptability for various trading strategies. Color-Coded Visualization: Features an intuitive...
The "Uptrend and Close to SMA" indicator is designed to help traders identify when the price of a stock is in an uptrend and is trading near its Simple Moving Average (SMA) over a user-defined period. The indicator uses multi-timeframe analysis, allowing the user to select different timeframes for calculating the SMA. Key Features: SMA Calculation: The indicator...
1. Global Liquidity Index: The code calculates global liquidity from economic data from multiple countries and regions. Specifically, it aggregates money supply data from major economies such as the United States, Europe, China, and Japan, and sums and adjusts them to get a global liquidity index. This index is calculated by summing data from different sources...
Input time A (open time) and time B (closing time) do not do anything with the year-month-date, it's there because I don't know how to fix it and it needs to be in such format. the difference of price will be shown on the indicator window one candle after the closing time (opening at such time) For research purpose only, no other intended purposes.
BTC_GO_LONG_SONG This script works like a special helper that watches two things: Bitcoin (a popular type of digital money) and the S&P 500 (which is like a big basket of important companies' stocks). Imagine Bitcoin and the S&P 500 are connected by an invisible elastic band. When they move together: The elastic band stays relaxed. When they move apart: The...
This indicator measures and displays the closing strength of each candle relative to its range. It assigns a value from 0 to 100, where - 0 indicates a close at the candle's low, - 100 indicates a close at the high, and - 50 represents a close at the midpoint. The strength is shown as a number on each candle, color-coded green for...