Lines of Chaos Indicator This script is designed to provide traders with ATR (Average True Range) and ADR (Average Daily Range) support and resistance levels. How it Works: Support and Resistance Lines: The script plots ATR/ADR-based support and resistance lines based on a moving average of the last ATR/ADR Length days, the previous day's close, and...
The weekly opening range ( high to low ) is calculated from the open of the market on Sunday (1800 EST) till the opening of the Bond Market on Monday morning (0800 EST). This is the first and most crucial range for the trading week. As ICT has taught, price is moving through an algorithm and as such is fractal; because price is fractal, the opening range can...
Overview As an Ichimoku trader, I've always found it crucial to understand the broader market sentiment before entering trades. That's why I developed this Macro Risk On/Off Sentiment Indicator. It's designed to provide a comprehensive view of global market risk sentiment by analysing multiple factors across different asset classes. By combining nine key market...
The Strength Measurement -HT indicator is a tool designed to measure the strength and trend of a security using the Average Directional Index (ADX) across multiple time frames. This script averages the ADX values from five different time frames to provide a comprehensive view of the trend's strength, helping traders make more informed decisions. Key Features:...
ATR/ADR Support and Resistance Levels Indicator This script is designed to provide traders with precise ATR (Average True Range) and ADR (Average Daily Range) support and resistance levels. It can be effectively used to identify price breakouts or rejections near these critical lines and assist in confirming trend retests. How It Works: Support and...
🌟 Introducing the Visible Range Support and Resistance 🌟 Discover key support and resistance levels with the innovative "Visible Range Support and Resistance" indicator by AlgoAlpha! 🚀📈 This advanced tool dynamically identifies significant price zones based on the visible range of your chart, providing traders with crucial insights for making informed...
Description Strategy Name and Purpose FVG Positioning Average with 200EMA Auto Trading This strategy uses Fair Value Gaps (FVG) combined with a 200-period Exponential Moving Average (EMA) and Average True Range (ATR) to generate trend-based trading signals. It is designed to help traders identify high-probability entry points by leveraging the gaps between fair...
This indicator offers a straightforward yet effective way to analyze and compare the performance of various sectors within the market. By normalizing and plotting sector-specific data as lines on the chart, it enables users to quickly assess sector rotations, relative strength, and potential shifts in market dynamics. The sector labels further enhance usability by...
The "Fibonacci Warzone Boxes" is a unique trading indicator that leverages the power of Fibonacci retracement levels to identify critical support and resistance zones. Designed for both seasoned traders and novices, this tool dynamically calculates the 38.2% and 61.8% retracement levels from the highest and lowest prices within a user-defined lookback period and...
The Symbolik Sequential indicator aims to identify potential trend exhaustion points and trend reversals in the market. It consists of two main components: Setup and Countdown. Setup: A bullish setup occurs when there are 9 consecutive closes lower than the close 4 bars earlier. A bearish setup occurs when there are 9 consecutive closes higher than the close 4...
The RSI Trail indicator is a technical analysis tool designed to assist traders in making informed decisions by utilizing the Relative Strength Index (RSI) and various moving average calculations. This indicator dynamically plots support and resistance levels based on RSI values, providing visual cues for potential bullish and bearish signals. The inclusion of a...
💎 GENERAL OVERVIEW Introducing our new Weighted Volume Profile Indicator! This indicator renders a volume profile based on the volume of latest candlesticks. It can be adjusted to give more weight to recent or past candlesticks, or can be used as a normal volume profile. For more information, please read the full write-up. Features of the new Weighted Volume...
In technical analysis, an "Expectation Breaker" refers to a market event where price action defies typical patterns and anticipated movements, signaling potential shifts in market sentiment and direction. This indicator looks to take advantage of these opportunities by identifying 2 types of Expectation Breakers: Downside Reversal Buybacks and Upside Reversal...
The "Advanced Order Blocks by AccountantX" is tool designed to identify and visualize significant order blocks in the market. This script goes beyond traditional order block detection by integrating advanced features such as volume threshold filtering, ATR-based sizing, and higher timeframe considerations. How It works: A. General data : - Order Block...
The "Dominance Dashboard" is a TradingView indicator designed to provide traders with a clear and concise visual representation of Bitcoin Dominance (BTC.D). This script helps traders monitor BTC.D in real-time, offering insights into market dynamics and potential trading signals based on the changes in Bitcoin's market dominance. Key Features Real-Time BTC...
This script combines multiple timeframes for visualizing linear regression channels in a single chart, allowing us to obtain a holistic view of price behavior across different timeframes (5m, 15m, 30m, and 4h). It facilitates the identification of trends and support/resistance levels across various time horizons. This multi-timeframe approach is useful because it...
The Pivot Point Profile indicator groups and displays data accumulated from previous pivot points, providing a comprehensive method for prioritizing and displaying areas of interest directly given by swing highs and lows. Users have access to common settings present in other profile-type indicators. 🔶 USAGE The Pivot Point Profile is particularly helpful...
Average True Range ( ATR ) is a technical analysis indicator that measures volatility in the market. ATR is a moving average of the true range over a period of time. ATR calculation procedure: 1. Determine the true maximum - this is the highest of the current maximum and yesterday's closing price of the day. 2. Determine the true minimum - this is the...