This is entirely based on quarters theory by Daye (@traderdaye in Twitter). I'm merely the creator of the indicator and full credits for the underlying concept goes to Daye. The idea is to split year, month, week and day into quarters at specific times which lead to PO3 (Accumulation-Manipulation-Distribution) cycles within those quarters. They present in one of...
It takes the maximum and minimum session prices according to the entered time ranges and display them on the screen. When those values are reached, it marks them as taken. Additionally, it displays the values and how much they moved in PIPs during those sessions in a table in the top left corner using the difference between max and min values. Also, mark the...
The PTS - Pi-Osc know as Precision Index Oscillator by Roger Medcalf - Precision Trading Systems. How does the Pi-Osc work? Pi-Osc is a highly sophisticated consensus type indicator comprising of many different component signals. A technical traders tool that measures everything from divergences to probabilities all blended into one simple to use...
Commitment of Traders - Traders in Financial Futures (Futures and Options) Custom python script is used to create the Pinescript strings from a spreadsheet containing the dates + net positions. Data is then input manually in Pinescript (can only fit 4-5 years of data). This data set is from the: S&P_500_CONSOLIDATED Source: cftc.gov
Commitment of Traders - Traders in Financial Futures (Futures and Options) Custom python script is used to create the Pinescript strings from a spreadsheet containing the dates + net positions. Data is then input manually in Pinescript (can only fit 4-5 years of data). This data set is from the: VIX_FUTURES Source: cftc.gov
The Liquidity Heatmap is an indicator designed to spot possible resting liquidity or potential stop loss using volume or Open interest. The Open interest is the total number of outstanding derivative contracts for an asset—such as options or futures—that have not been settled. Open interest keeps track of every open position in a particular contract rather than...
This indicator is based on Dayes studies about 90minute cycles and true opens. Similar to how ICT teaches the true day open at 0.00, Daye came up with his true year, true month, true week and true session opens. True Year - April 1st True Month - 2nd Monday True Week - Monday, 6pm True Day - 12am (Midnight) True Session - 1:30am (London), 7:30am (New York),...
Using Maps collections: This code manipulates support and resistance lines using maps collection. We normally maintain array/udt of lines and related properties to segregate lines as support and or resistance. With introduction of maps the same can be achieved without creating lines array/udt. What does this code do: 1. Plot support and resistance lines based...
DESCRIPTION Based on version by leojez. Adds a 3rd standard deviation level. Twice as fast as original version. Refactored and simplified source code. HOW TO USE Load your chart Adjust the timeframe and zoom of the chart so that the trend you're interested in is in view. Add the indicator Use the measuring tool to measure the number of bars from the...
The "Engulfing Box & Lines" indicator aims to spot and highlight Engulfing candlestick patterns within a trend. These patterns can provide valuable indications of a possible trend reversal, and the indicator underlines them through the use of colored rectangles and horizontal lines. To fully understand the functioning and use of this indicator, let's explore its...
Foxy's Acceleration Bands is a dynamic technical indicator designed to help traders identify potential support and resistance levels using logarithmic regression and adaptable moving averages. By plotting bands around price movements, this indicator offers insights into potential zones where price acceleration, resistance, and support might occur. How to...
Candle Close Alert (CCA) : The "Candle Close Alert" (CCA) is a custom technical analysis tool. It operates as an overlay on price charts and serves to detect and notify users about significant changes in consecutive candle closes. The script calculates the difference between the closing price of the current candle and the previous candle, referred to as the...
Function (English): 1. It displays 40 items’(tokens,stocks, futures etc.) RSI oversold and overbought data in the form of bitmap/dots on the chart. 2. The specifi item will be clear after placing mouse on the small dots. 3. The bitmap will show red when the RSI overbought, show green when the RSI oversold, and will show black when the RSI in the middle of the...
gives the average range of the past 30bars and indicates when a candle's body is greater than 150% the average.
This indicator was inspired by mentfx and allows to view structure as moving up and down blocks based on pullback rules: bear pullback - price opens above previous high bull pullback - price close below previous low This indicator has the following settings which can be changed Highlight 1st MB Up, colour first MB after changing direction up ...
Indicator Explanation: The "Consolidation Identifier (ROC) with Buy/Sell Signals" indicator is designed to help traders identify potential consolidation zones in the market using the Rate of Change (ROC) indicator. It plots both the positive and negative ROC values, providing insights into price momentum changes. The indicator also includes buy and sell signals...
This indicator uses the strength of the trend from ADX to decide how the SuperTrend (ST) should behave. Motivation ST is a great trend following indicator but it's not capable of adapting to the trend strength. The ADX, Average Directional Index measures the strength of the trend and can be use to dynamically tweak the ST factor so that it's sensitivity can...
Value at Risk (VAR) is a measure of risk metric in finance used to quantify the potential loss in the value of a portfolio of assets or a single investment in a specific time horizon, given a certain level of confidence. For instance, lets say there is a VAR of $1000000 at the 95% confidence level in a daily time horizon period, that means that there is a 5%...