This script creates a Decimal and Binary representation of the price using ROC. The idea is to simplify the price action into a distance from Zero to upside and downside.
You can see clearly trend develops in the ROC in the decimal view, kind of like MACD but based on raw price action change. I'm' a big fan of raw price action, so my scripts are super...
This script creates a STDEV in a candle format overlayed on the actual candles. The STDEV candles lead with deviation to upside or downside.
The Blue bars are Upside heads-up showing the strength of the uptrend before it happens.
The Black candles are downside indicators pulling on the price
I like price action because it is raw. So for High and Low I used the...
OBV plotted with Bollinger Bands to show whether the volume is breaking out from its normal deviation (both up or down). The OBV changes color depending on the macro trend which is set using a 100 EMA.
This is my version of the updated classic indicator created by John Carter. I plan on adding a Squeeze Overlay script in the future that will pair with this one as well for additional signals.
So to break down the Squeeze, what it is, how it works, etc - you have to look at the components that make it up.
1. Bollinger Bands
2. Keltner Channels
3. Momentum
The...
Here is my take on BB and MTF, based on the most excellent work of
"PineCoders" (MTF Selection Framework functions)!
The big advantage is that on 1 image you can easily see where
price is compared to 5 or less BB Bands (each of different Time Frames).
This gives a lot of Support and Resistance area's!
Includes:
- 1 Bollinger Bands (can be...
A combination of a few of my favorite indicators.
1) Pivot Boss 4 EMA
2) Bollinger Bands
3) Parabolic SAR
4) Ichimoku Cloud
All credit to original authors.
Hello traders
This is a simple algorithm for a Tradingview strategy tracking a convergence of 2 unrelated indicators.
Convergence is the solution to my trading problems.
It's a puzzle with infinite possibilities and only a few working combinations.
Here's one that I like
- Engulfing pattern
- Price vs Moving average for detecting a breakout
Definition...
This script creates a STDEV in a candle format so you can see the Change in a candle format and compare it with the actual price candle.
Is very similar to SMU RSI and SMU ROC. The interesting part is to see the full effect of traditional indicators in a candle format rather than a simple plot format. Very interesting view in SPX. There is a very big clue in the...
Hello traders
This is a quick helper displaying the US bank holidays labels 1 day before the actual bank holiday date
Useful to be reminded when it's better to not trade as the big "whales" aren't trading either - and are probably drinking cocktails on their yachts in the Caribbeans island
This is my way of saying that, the days where the USA are off, the...
This is live and non-repainting Renko Weis Wave Volume tool. The tool has it’s own engine and not using integrated function of Trading View.
Renko charts ignore time and focus solely on price changes that meet a minimum requirement. Time is not a factor on Renko chart but as you can see with this script Renko RSI created on time chart.
Renko chart provide...
Hi there,
It's a script that plot the ATR (Average True Range) and ADR (Average Day Range) together and do an histogram of it. The histogram is the difference from ATR to ADR, I believe that it shows the average GAP in the asset. So I can easily found the offset to use when defining my stop.
PT
Esse script desenha o ATR (no profit True Range) e o ADR (media da...
made a quick script to compare r2 correlation coefficient, can change source and correlation component in inputs menu
example, here we can see that btc currently has a 0.85 correlation with eth vs usd when using simple moving avg on the daily (above 0.8 is positive correlation. below -0.8 is negitive correlation, and anything in between means there is no...
A simple way to find Higher Highs and Lower Lows (HH and LL) whit automatic Fibonacci Lines in the most common levels.
In this indicator the Higher Highs only happens when a high value are rising from each other in the last "Length of Real Pivots" highs and the next same number of highs are falling in every single bar.
The Lower Lows are inverted, LL only...
Hello All. This is live and non-repainting Renko Charting tool. The tool has it’s own engine and not using integrated function of Trading View.
Renko charts ignore time and focus solely on price changes that meet a minimum requirement. Time is not a factor on Renko chart but as you can see with this script Renko chart created on time chart.
Renko chart provide...
![EOSUSDT: [fikira] Bollinger Bands + Higher Time Frames](https://s3.tradingview.com/f/fiY3RR2g_mid.png "[fikira] Bollinger Bands + Higher Time Frames")
