**GAP UP Detection:** - The current candle’s low must be higher than the previous candle’s high (high ). **GAP DOWN Detection:** - The current candle’s high must be lower than the previous candle’s low (low ). **Visualization:** - If a GAP UP is detected, a symbol appears below the candle with the text "GAP UP," and a label displays the dollar difference...
Moving Average Confluence Description in English: This indicator uses multiple moving averages (SMA, EMA, WMA) with different periods to identify confluence points that can indicate support or resistance zones. Detailed Explanation: Configuration: SMA Length: This input defines the period for the Simple Moving Average (SMA). The default value is 50. EMA...
Outside Bar Percentage by Hour Indicator Description: The "Outside Bar Percentage by Hour" indicator is a powerful tool designed to analyze the occurrence of outside bars within each hour of the trading day. This indicator not only tracks the frequency of these key market events but also provides a detailed breakdown of their distribution, allowing traders to...
The "Money Flow Index Crossover Indicator" is a specialized technical analysis tool designed to assist traders by providing a clear visualization of potential buy and sell signals based on the Money Flow Index (MFI) and its smoothed moving average (SMA). This indicator delineates overbought and oversold zones, offering valuable insights into market dynamics. It...
I Entropy Volatility Index (EVI) II An Experimental Script for Measuring Market Volatility III Introduction The Entropy Volatility Index (EVI) is an experimental indicator based on concepts from thermodynamics and information theory. The goal of the EVI is to quantify market uncertainty and volatility by calculating the entropy of price changes. IV Basic...
This simple script highlights the STRAT outside bars (3's) and inside bars (1's) It also will highlight a developing 3 bar once it's taken out a previous bar high or low, and is over 50% to taking out the other side. (Displays OB?) This was developed by Sarah Strat Sniper as a means of getting into a trade before the bar closed, when there was a likely 3...
//@version=5 strategy("AI-Based Trend Trading Bot", overlay=true) // Parameters emaLength = input(50, title="EMA Length") takeProfitPerc = input(2, title="Take Profit (%)") stopLossPerc = input(2, title="Stop Loss (%)") // Indicators ema = ta.ema(close, emaLength) // Simulate AI signals (1 for buy, -1 for sell, 0 for hold) ai_signal =...
To create an indicator with a more aggressive trading strategy and with the aim of increasing the win rate, you need to adapt several elements of the existing strategy, such as increasing the accuracy of entry and exit signals and adjusting parameters to be more responsive to market changes.
This strategy is a long-only trading strategy based on a user-defined entry price, profit target, and stop-loss level. Here’s an overview of how the strategy works: Entry: The strategy buys when the price touches the user-defined entry level. Exit: It automatically takes profit or stops out based on user-defined targets. Use Case: This strategy is ideal for...
To smooth out the lines of the Stochastic RSI in your code, you can apply an additional smoothing to both the %K and %D lines. Typically, %K is smoothed using an average like a simple moving average (SMA) or exponential moving average (EMA) to make it less erratic, while %D is already smoothed using the ta.sma() function in your code.
This trading strategy, developed using Pine Script, combines the Exponential Moving Average (EMA) and the Relative Strength Index (RSI) to identify entry and exit points for trades. The strategy is centered around a 21-period EMA, a commonly used trend-following indicator, and a 14-period RSI, which gauges the strength of price momentum. A buy signal is generated...
Stochastic RSI with the parameters 3, 3, 14, 14 based on the close price:
Clean Weekly Prediction and Signals is an advanced Pine Script designed to help traders make informed decisions by predicting potential percentage changes in stock prices over the coming week. This indicator offers a streamlined and clutter-free chart, focusing solely on providing actionable insights without unnecessary visual distractions. Key Features: Weekly...
Introduction TradingView is a web-based platform that allows traders and investors to conduct comprehensive technical analyses, develop trading strategies, and track market movements in real-time. One of the many features TradingView offers is the ability to create custom indicators using Pine Script. In this presentation, we will focus on the implementation...
The "Advanced Fully Reversed Candles with Reversed Ichimoku" indicator is a sophisticated tool designed for traders who seek a unique perspective on market dynamics. This innovative indicator not only reverses the traditional candlestick chart but also inverts the Ichimoku Cloud components, providing a comprehensive view of the market's inverted behavior. Key...
Indicator Overview Name: Edufx's Power of Three Purpose: To highlight the high and low price ranges of specific hourly candles on a chart. To visualize these ranges using rectangles. Features Visibility Toggle: Users can enable or disable the visibility of the rectangles highlighting the high and low price ranges of the specified candles. Customizable Rectangle...