With this script, you can mark Golden Positive and negetive crossover of the EMA's of your choice. Also, you can filter the PCO and NCO markers by ADX also. For example, if you say that minimum ADX is 15, then crossovers which have ADX more then or equal of 15 will be shown.
The Fear & Greed Index is a market sentiment indicator designed to measure the current emotional state of the financial markets. This particular implementation, updated by reubinkincaid based on MagicEins' earlier work, calculates the index using seven distinct components: 1. Safe Haven Demand: Compares the performance of the S&P 500 against Treasury Bonds over a...
This indicator should provide you with a visual representation of different types of market participant activity over time, based on volume changes. The micro category generally represents wash trading or little retail activity, small and medium categories provide insight into trends, and the large category represents significant order volumes (h/t Twitter profile...
This indicator is designed to provide traders with critical daily price levels, including the high, low, and close of the previous trading day, alongside essential technical indicators like moving averages, Bollinger Bands, and RSI. Key Features: 1. Daily High, Low, and Close: Displays the previous day's high, low, and closing prices on the chart, helping...
1. Introduction to Volume Ratio: In China's stock market, the volume ratio is an indicator used to measure relative trading volume. It compares the average volume per minute after the market opens to the average volume per minute over the past five trading days. 2. Application of Volume Ratio: When there is a sudden surge in volume, the volume ratio chart will...
### Purpose and Use of the Output - **Identifying Bullish Reversal**: The Morning Star pattern is a bullish reversal signal that traders look for at the end of a downtrend. When this pattern appears, it suggests that the market may be shifting from bearish to bullish sentiment. - **Trading Decisions**: Traders can use this indicator to make informed decisions...
A simple script help you identify significant upticks in volume for a particular candle. Using the standard z-score calculation you can change the bar color based on the user selected standard deviation range. Calculation z = (x - μ) / σ, where: z: is the z-score x: is the current volume μ: is the mean volume σ: is the standard deviation...
Key features of this script: Trend Identification: Uses previous day's high/low breaks to identify trend changes. Uptrend starts when price closes above the previous day's high. Downtrend starts when price closes below the previous day's low. Dynamic Trailing Stop: In an uptrend, the stop is set to the previous day's low and trails higher. In a downtrend, the...
Title: FCNC Spread Indicator Description: The FCNC Spread Indicator is designed to help traders analyze the price difference (spread) between two futures contracts: the front contract and the next contract. This type of analysis is commonly used in futures trading to identify market sentiment, arbitrage opportunities, and potential roll yield strategies. How...
How It Works: RSI Calculation: The standard RSI is calculated using a 14-period by default. Volume Weighting: If enabled, the LSI modifies the RSI by weighting it based on the volume relative to its moving average. This emphasizes periods of high or low volume, which can be particularly useful for Solana-based assets that might have unique volume...
This indicator allows you to create a line like the MA but for a percentage below the price line
A small indicator designed for the minimalist chartist which prints the timeframe on your chart. The color of the text is based on whether the currency is trending (using the 8 and 21 EMAs) in that timeframe. Trending here is simply defined as the direction in which the 8 is above or below the 21. When used in a multi-timeframe layout, this indicator lets you...
Signs are displayed on the chart when the price drops more than 5% from the previous week. Otherwise, the previous week's change is displayed in a smaller size. Buy if it falls 5% or more from the previous week, and do not buy if it does not fall. The sign is for the sole purpose of making it easier to understand. This method is expected to be more effective and...
Track Intraday ATH: The script maintains an intradayATH variable to track the highest price reached during the trading day up to the current point. This variable is updated whenever a new high is reached. Calculate Drawdown and Percentage Drawdown: The drawdown is calculated as the difference between the intradayATH and the current closing price (close). The...
The "Daily Ratio OCHL Averager" indicator, is designed for use in financial charts. It calculates an average value based on the daily open, close, high, and low prices, and visualizes this average on the chart. Ratio Calculation: The script calculates a ratio representing the normalized difference as a percentage. This ratio helps determine if the current price...
The Pine Script indicator you are examining is designed to enhance your trading chart by visually demarcating specific seasonal periods known as summer for the years 2020 and 2021. This indicator achieves this by employing background shading to indicate these defined summer periods, providing traders with a visual reference to help in analyzing seasonal trends and...
That Candle have wick more and equal to 50% of the candle's range(High-Low)
Mansfield RS with 3 SMAs Overview The Mansfield Relative Strength (RS) indicator with three Simple Moving Averages (SMAs) enhances traditional RS analysis by adding more clarity and precision to trend identification. This personalized version aims to define RS trends more clearly and end them sooner, helping traders make better-informed decisions. Key...