🔵 Introduction 🟣 Zigzag Zigzag is a lagging indicator; this indicator identifies points on a price chart that have more significant changes than its previous wave and then by connecting these lines to each other, it assists traders in trend detection. This indicator reduces random price fluctuations and attempts to make the primary price trend clearer. 🟣...
Inspired and based on ismailcarlik's Trend Lines, Supports and Resistances. Additions include an overall upgrade to Pinescript v5, changes in the way resistance and support levels are calculated, improved visual queues, and additional customization options. This indicator is meticulously crafted to provide traders with visual tools for identifying trend lines,...
The Trend Following Parabolic Buy-Sell Strategy leverages the Parabolic SAR in combination with moving average crossovers to deliver buy and sell signals within a trend-following framework. This strategy synthesizes proven methodologies sourced from various trading tutorials available on platforms such as YouTube and blogs, enabling traders to conduct robust...
The "Alligator + MA Trend Catcher" is a trading strategy that integrates the William Alligator indicator with a Moving Average (MA) to establish robust entry and exit conditions, optimized for capturing trends. HOW IT WORKS This strategy combines the traditional William Alligator set up with an additional Moving Average indicator for enhanced trend...
Updated my previous algo on the Adaptive Trend lines, however I have added new functionalities and sorted out the settings. You can now switch between normalized and non-normalized settings, the colors have also been updated and look much better. The MAMA and FAMA These indicators was originally developed by John F. Ehlers (Stocks & Commodities V. 19:10: MESA...
Quick History: I was frustrated with a standard fixed percent TP/SL as they often were not receptive to quick market rallies/reversals. I developed this TP/SL and eventually made it into a full fledge strategy and found it did well enough to publish. This strategy can be used as a standalone or tacked onto another strategy as a TP/SL. It does function as both with...
FiboSequ: Fibonacci Sequence Marking Leonardo Fibonacci was an Italian mathematician who lived in the 12th century. His real name was Leonardo of Pisa, but he is commonly known as "Fibonacci." Fibonacci is famous for introducing the Hindu-Arabic numeral system to the Western world. This system is the basis of the modern decimal number system we use...
Introduction: Origin of the Swing Point Indicator In the quest for a reliable indicator that accurately predicts trend directions and identifies valid highs and lows, the genesis of the Swing Point Indicator emerged. Faced with the challenge of finding a tool that provided comprehensive market analysis and actionable insights, the need for a novel solution became...
What is a Bayes Estimator? Bayesian estimation, or Bayesian inference, is a statistical method for estimating unknown parameters of a probability distribution based on observed data and prior knowledge about those parameters. At first , you will need a prior probability distribution, which is a prior belief about the distribution of the parameter that you are...
Overview: The ORB (Opening Range Breakout) strategy combined with Heikin Ashi candles and Relative Volume (RVOL) indicator aims to capitalize on significant price movements that occur shortly after the market opens. This strategy identifies breakouts above or below the opening range, using Heikin Ashi candles for smoother price visualization and RVOL to gauge the...
🔶 Description: The "Trend Tide Oscillator " is a technical analysis tool designed to identify potential trend reversals and overbought/oversold conditions in the market. It calculates an oscillator based on the Commodity Channel Index (CCI) and then applies smoothing techniques to provide a clearer view of market momentum. 🔶 Key Features: Oscillator...
RSI Confirm Trend with Williams (W%R) This is the "RSI Confirm Trend with Williams (W%R)" indicator This is a modification of the "RSI Trends" indicator by zzzcrypto123. What Is the Relative Strength Index (RSI)? The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price...
The Sequencer indicator is a tool that is able to highlight sequences of prices based on their relative position to past prices, which allows a high degree of customization from the user. Two phases are included in this script, a "Preparation" phase and a "Lead-Up" phase, each with a customizable amount of steps, as well as other characteristics. Users can...
🔶 Description: The "Trend Lines with Breaks " indicator is designed to identify and visualize trend lines on a price chart, allowing traders to observe potential trend reversals or continuations. This script implements a method to draw trend lines based on pivot points (highs and lows) within a specified sensitivity range. It also provides an option to display...
Changes candle color when close is within the top 25% or bottom 25% of candle range (High - Low) on the last candle update. Due to limitations of barcolor command, I'd suggest that you turn OFF the candle borders (chart settings--> right click on chart --> settings -->symbol and uncheck the border option) to ensure that the bar color is easily identifiable.
Props to Madrid for creating the original script: Madrid Moving Average Ribbon. All I did was upgrade it to pinescript v5 and added a few changes to the script. Features and Functionality Moving Average Types: The indicator offers a choice between exponential moving averages (EMAs) and simple moving averages (SMAs), allowing users to select the type that...
Introducing the Adaptive Schaff Trend Cycle by AlgoAlpha: Elevate Your Trading Strategies 🚀 Discover precision and adaptability with the Adaptive Schaff Trend Cycle 🎯, meticulously crafted for traders seeking an edge in the markets. This advanced tool integrates sophisticated algorithms to offer clear insights and real-time analytics 📈. Key Features: ...
🔵 Introduction The "Zig Zag" indicator is an analytical tool that emerges from pricing changes. Essentially, it connects consecutive high and low points in an oscillatory manner. This method helps decipher price changes and can also be useful in identifying traditional patterns. By sifting through partial price changes, "Zig Zag" can effectively pinpoint...