It calculates and plots zigzag lines based on volatility and price movements. It has various inputs for customization, allowing you to adjust parameters like source data, length, deviation, line styling, and labeling options. The indicator identifies pivot points in the price movement, drawing lines between these pivots based on the deviation from certain price...
The WaveReader is an algorithm that works out a strategy using various indicators that have been reconfigured and as soon as certain areas/goals/triggers have been reached, this is visualized as a sell or buy signal (large triangles) The indicator also uses the Smart Money Concept (Expo) by @Zeiierman which has been reconfigured and adapted from his open source...
Greetings everyone, I'm thrilled to present a Pine Script I've crafted for Volume Spread Analysis (VSA) Indicator. This tool is aimed at empowering you to make smarter trading choices by scrutinizing the volume spread across a specified interval. The script delivers a comparative volume analysis, permitting you to fix the type and length of the moving average....
Cumulative Volume Price Purpose : The indicator aims to display a weighted average price based on cumulative volume and cumulative price within defined lengths. How it works Calculation Steps: Cumulative Volume (cumvol): the cumulative total volume. Cumulative Price (cumprice): the cumulative closing price. Net Value (net): Calculates the weighted average...
Hello! This script "Zig Zag Open Interest Footprint" calculates open interest x price values for zig zag trends! Features Open interest footprints anchored to zig zag trends Summed OI x price level footprints Total OI (for each category) for the entire trend shown Standard POC lines, in addition to separated POC lines for each category of open interest x...
This script is a part of the "Elliot waves" toolkit and need to be used with the "Elliot waves" script", because it's generating input parameters for the "Elliot waves" scripts. You need to add script to chart and on the right bottom corner you can see table with calibration params. Those values you need to copy to "Elliot waves" script settings to see Elliot...
A script marking Elliot waves on a chart. This script can be used by any user. There is no need to have a PRO or PREMIUM account. Script with limited access, contact author to get authorization According to Elliott, a market cycle consists of eight waves. 5 upward waves and 3 downward waves following them, which are their corrections. In up and down...
👉 Hello trader. - In the process of monitoring the list of trading pairs such as stocks, cryptocurrencies... I often mark signals such as: RSI divergence, MACD, Stochatic, RSI trendline, Trendline..."by hand" , like recording on a drawing board, or excell, notepad... Therefore, taking notes is very limited. In addition, each time frame gives different,...
The Dynamic Sine Wave is designed to calculate a sine wave that reflects the oscillations between the highest high and lowest low points over a specified period, providing traders with a unique perspective on market trends. Why a Sine Wave is Relevant: A sine wave is relevant in this context because it is a mathematical function that represents periodic...
The Hull Waves indicator is based on the Hull Moving Averages (HMA), which are special moving averages that stand out for their ability to filter out market noise and offer a clearer view of price trends. Compared to traditional moving averages, HMAs are more responsive yet smoother, allowing traders to capture significant price movements without getting...
Auto Fibonacci tools are powerful ways designed to simplify your technical analysis by automatically drawing Fibonacci retracement and extension levels on your chart. This indicator is built to enhance your trading experience with clearer market moves and informative insights. You can easily spot your waves and patterns when the percentages are moving with you. ...
█ OVERVIEW This indicator displays zigzag based on high and low using latest pine script version 5 , chart.point which using time, index and price as parameters. Pretty much a strip down using latest pine script function, without any use of library . This allow pine script user to have an idea of simplified and cleaner code for zigzag. █ CREDITS ...
This indicator is based on trend lines breakout setup
The Hosoda Waves indicator was devised by Goichi Hosoda, who is also the creator of the Ichimoku system, with the idea that previous highs and lows could determine future price ranges that the market would react to. Hosoda's projections are the NT, N, V, and E waves, which are derived from calculations based on both upward and downward ABC swings. Hosoda's waves...
blackOrb's Aspiration: Enhancing the Functionality of Area Charts At its core, an area chart analysis serves as the foundational structure for blackOrb Price. Area charts can be seen as an addition to conventional price charts. Unlike price line charts, which connect closing prices with lines, an area chart fills the space between high and low prices, creating a...
This indicator is a tool that could help the users what the market trend is at any time, based on legendary trader, Mr. William D. Gann . Gann it self called this the “Trendline Indicator”, but modern traders call it Swing. Gann’s primary use his techniques in correlation with this trading tool helping him achieve his phenomenal trading results. Gann swings...
There are several implementations of ABC pattern in tradingview and pine script. However, we have made this indicator to provide users additional quantifiable information along with flexibility to experiment and develop their own strategy based on the patterns. 🎲 Highlights of this indicator over other ABC implementations are: Implementation is based on...
Hello! This script "The Next Pivot" uses various similarity measures to compare historical price sequences to the current price sequence! Features Find the most similar price sequence up to 100 bars from the current bar Forecast price path up to 250 bars Forecast ZigZag up to 250 bars Spearmen Pearson Absolute Difference Cosine Similarity Mean...