This script is designed to help you compare the size of the current price candle (the difference between the highest and lowest prices in a given time period) to the average size of the last several candles. It does this by calculating the average range of a certain number of previous candles (you can set how many with the "Length" input) and then dividing the...
Overview: This indicator is designed to take multiple other indicators as inputs, calculate their respective Z-scores, and then aggregate these Z-scores to provide a comprehensive measure. By transforming the inputs into Z-scores, this indicator standardizes the data, enabling a more accurate comparison across different indicators, each of which may have...
Overview The Approximate Spectral Entropy-Based Market Momentum (SEMM) indicator combines the concepts of spectral entropy and traditional momentum to provide traders with insights into both the strength and the complexity of market movements. By measuring the randomness or predictability of price changes, SEMM helps traders understand whether the market is in...
Description: The indicator displays "recommendations" for the active symbol (Buy, Strong buy, Sell, Strong sell or Hold), based on the Tradingview's recommendations data. There are 3 presentations you can choose from: - Bar -> displays a vertical/horizontal bar with sections for each rating - Pie chart -> displays a pie chart with sections - Table -> displays a...
Average Down Calculator is an indicator for investors looking to manage their portfolio. It aids in calculating the average share price, providing insights into optimizing investment strategies. Averaging down is a strategy investors use when the price of a security they own goes down. Instead of selling at a loss, they buy more shares at the lower price to reduce...
The Whaley Breadth Thrust Indicator (WBT) is a momentum-based technical indicator designed to identify the strength of market trends. It measures the market's breadth by comparing advancing stocks to declining stocks, providing insights into whether a market is in a bullish, neutral, or bearish state. This script calculates the indicator based on the advancing and...
This indicator refers to 10 stocks or other markets of your choosing and creates a histogram based on their respective MACD states; whether they are above zero ascending or descending or below zero ascending descending. There is a table that shows the count in each state. The indicator allows the showing of markets in the extended session by default, this is...
1. indicator settings BB Length: Sets the period used for the Bollinger Band calculation. The default is 20 periods. BB Multiplier: Sets the multiplier to be used in the Bollinger Band calculation. The default is 2.5 multiplier. Equilibrium volume reset: Selects whether or not the volume should be reset if it is out of equilibrium. The default setting is reset....
Components of the Indicator: Moving Averages: Short-Term Moving Average (MA): This is a 50-period Simple Moving Average (SMA) applied to the closing price. It is used to track the short-term trend of the market. Long-Term Moving Average (MA): This is a 200-period SMA used to track the long-term trend. Day Trading Moving Average: A 20-period SMA is used...
Library "formattingUtilities" toPercentageString(x, decimals) : Converts a decimal number into a string formatted as percentage. Parameters: x (float) : (simple float): Float number to be converted decimals (int) : (simple int): Number of decimals to apply Returns: : Returns a string with x as percentage. toFactorString(x,...
The "Iterator" library is designed to provide a flexible way to work with sequences of values. This library offers a set of functions to create and manage iterators for various data types, including integers, floats, and more. Whether you need to generate an array of values with specific increments or iterate over elements in reverse order, this library has you...
// © Williamtrades10x //@version=5 indicator("McClellan Oscilator") advn=request.security("ADVN","D",close) decn=request.security("DECN","D", close) //calc ana=(advn-decn)/(advn+decn) * 1000 ema1= ta.ema(ana,19) ema2= ta.ema(ana,39) osc=ema1-ema2 //signals mline = 0 sline = -80 cross=osc=0 and osc>osc ? color.green: osc>=0 and osc<osc ?...
This script displays all Fair Value Gaps (FVG), indicating whether they are trending upwards or downwards. Additionally, it highlights a special Buy and Sell setup based on price action. For upward signals, you can enter a long position, while for downward signals, you can enter a short position.
This indicator advises intraday traders which direction NOT to take trades in, based on recent action in the daily chart. Works on any timeframe. This is not a buy/sell indicator - it is a FILTER that is meant to SUPPRESS trades you may have wanted to take. Like a Daily Bias, but with a neutral position (no bias). The indicator shows when NOT to take longs and...
The Price Close Probability Indicator is designed to help traders estimate the likelihood of price closing above or below specified levels within a given bar. By placing two levels on your chart, you can quickly gauge the probability of the current price bar closing above or below these levels in real-time. Key Features: Dynamic Probability Calculation: ...
Overview: The Trading Channel Index (TCI) is a technical analysis tool designed to identify cyclical trends in financial markets by smoothing out price movements and reducing volatility compared to traditional oscillators, like the Commodity Channel Index (CCI). The TCI helps traders pinpoint overbought and oversold conditions, as well as gauge the strength and...
Library "JordanSwindenLibrary" TODO: add library description here getDecimals() Calculates how many decimals are on the quote price of the current market Returns: The current decimal places on the market quote price getPipSize(multiplier) Calculates the pip size of the current market Parameters: multiplier (int) : The mintick point multiplier...