TTP VIX Spy is an indicator that uses data from TVC:VIX to better time entries in the market. The assumption used is that when the VIX is coming down from the top of its range then the risk on assets can move to the upside and when the VIX is is pushing higher there's a high likelihood or risk on assets going down. This indicator observes the momentum of VIX...
The indicator is called "Super Secret 200 EMA." It combines two technical indicators, the Supertrend and the 200 Exponential Moving Average (EMA), to generate buy and sell opportunities in a trading chart. Here's how the indicator works and how you can use it: Supertrend Calculation: The Supertrend indicator helps identify the current trend in the market. It...
Indicator - Liquidity Level Which calculates the liquidity levels based on the highest high and lowest low of the specified period. It determines the middle line, upper line, and lower line of the liquidity channel. The liquidity level is the average of the upper and lower lines, and the liquidity level distance is half of the difference between the upper and...
Turtle Soup Indicator plots a shape when we have a 20-period high or 20-period low. Turtle Soup Setup The Turtle Soup setup was published in the book Street Smarts by Laurence A Connors and Linda Raschke. You can learn about it there. It is a great setup for false breakouts or breakdowns in the group failure tests. Going long 1) We have a new 20-period low...
VIX HeatMap Instructions: - To be used with the S&P500 index (ES, SPX, SPY, any S&P ETF) as that's the input from where the CBOE calculates and measures the VIX. Can also be used with the Dow Jones, Nasdaq, & Nasdaq100. Description: - Expected Implied Volatility regime simplified & visualized. Know if we are in a high, medium, or low volatility regime,...
Bar view is a simple script to show other higher time frame windows while you are focusing on lower time for precise decision making. For example you are currently operating at 1 minute time frame and you want to see other bars on higher time frames e.g. 5 minute, 15 minutes etc. Feel free to add multiple bar view to see different time frames.
Often we need to see HA candles along with the regular candles, to stay longer in the momentum trades. Also the replay feature does not work on HA candles. This indicator does two things - 1) Prints a configurable number of HA candles on the chart. You can specify where they get printed by specifying a percentage. 2) Shows a green line when a Solid Red candle...
The Stochastic Distance Indicator was created by Vitali Apirine (Stocks and Commodities Jun 2023 pgs 16-21), and this is a new method that measures the absolute distance between a price and its highest and lowest values over a long period. It uses the stochastic formula to create an oscillator using this distance value and smooths the value. Obviously, there is a...
The Risk-Adjusted Return Oscillator (RAR) is designed to aid traders in predicting future price action by analysing the risk-adjusted performance of an asset. This oscillator is displayed directly on the price chart, unlike other oscillators. By considering the risk-return relationship, the indicator helps identify periods of overvaluation or undervaluation,...
The Adaptive Mean Reversion Indicator is a tool for identifying mean reversion trading opportunities in the market. The indicator employs a dynamic approach by adapting its parameters based on the detected market regime, ensuring optimal performance in different market conditions. To determine the market regime, the indicator utilizes a volatility threshold. By...
Weekly Range Support & Resistance Levels Description: The Weekly Range Support & Resistance Levels analyzes weekly ranges and takes the average range of the last 30 weeks (default setting). It also takes the average +/- a standard deviation, and creates support & resistance levels/zones based on the weekly opening price. The levels will update each week,...
This script is designed to execute a trading strategy based on Heikin Ashi candlesticks, moving averages, and percentile levels. Please note that you should keep your original chart in normal candlestick mode and not switch it to Heikin Ashi mode. The script itself calculates Heikin Ashi values from regular candlesticks. If your chart is already in Heikin Ashi...
This is a very simple utility indicator. Shockingly nothing similar was available and I really needed something to quickly count period lengths by candles (to make adjustments to indicators based on a desired lookback timeframe), so I created this. I thought I would share it because chances are if I needed something like this, other people may need it, too....
90 minute cycle is a concept about certain time windows of the day. This indicator has two different options. One uses the 90 minute cycle times mentioned by traderdaye, the other uses the cls operational times split up into 90 minutes session. e.g. we can often see a fake move happening in the 90 minute window between 2.30am and 4am ny time. The indicator draws...
This indicator tracks the market structure by identifying the highest high and lowest low. It then calculates the area of interest by taking the average of these levels. Additionally, it calculates liquidity by dividing the volume by the range between the highest high and lowest low. Please note that this is a basic example, and you can modify and enhance it...
The Swing Volume Profiles indicator aims to calculate and highlight trading activity at specific price levels between two swing points; allowing traders to reveal dominant and/or significant price levels based on volume. By measuring traded volume at all price levels in the market over a specified time period, the script can also be used to detect some key...
Library "LibraryTimeframeHelper" Helper functions to work with timeframes: to get the next higher TF, and to make the string pretty for use in labels. Perhaps I'll add more later. f_getHigherTF(_TF) f_getHigherTF(): Converts the input timeframe into the next one up in the list of commonly used timeframes. NOTE: You can NOT use a TF from this function as...
Here is an interactive tool that can be used for learning a bit about Elliott Waves 🎲 How it works? The script upon load asks users to enter 6 pivots in an order. Once all 6 pivots are selected on the interactive chart, the script will calculate if the structure is a valid motive wave. When you load the script, you will see a prompt on the chart to select points...