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Indicators and strategies

Candle-Based Negative Space (Improved)This script visualizes the concept of negative space (when a candle closes below a defined baseline) and positive space (when a candle closes above the baseline) on a price chart. It uses user-defined inputs to configure the baseline and optionally includes a moving average for additional trend analysis. Below is a detailed explanation of the script and suggestions for improving its plotting. Explanation of the Script Purpose The script helps traders visualize the relationship between price movements and a dynamically chosen baseline. The baseline can be based on: The high/low of the previous candle. The open/close of the current candle. The "negative space" is calculated when the closing price is below the baseline, and the "positive space" is calculated when the closing price is above the baseline. The sum of these spaces over a period is plotted as a histogram to provide insights into market strength.
Pine Script™ indicator
by Cmo22
Williams Alligator with FLI and SupertrendThis indicator combines Williams Alligator with follow line indicator and Supertrend to get trend confirmation with baseline as jaw line of Williams Alligator indicator. The Williams Alligator is a trend-following indicator developed by Bill Williams, designed to identify and confirm the market's trend direction. It consists of three smoothed moving averages that represent the jaws, teeth, and lips of an alligator, symbolizing the market's behavior. The Follow Line Indicator is a technical analysis tool designed to help traders identify and follow the prevailing market trend. It provides clear buy or sell signals based on the direction of the trend, aiding in smoother and more informed decision-making during trades. The Supertrend indicator is a popular trend-following technical analysis tool designed to identify the direction of the market trend and highlight potential buy or sell signals. It is commonly used to confirm market trends and help traders make decisions based on price movements relative to a defined threshold.
Pine Script™ indicator
by yadavmrunal25
CobynRushs PPO/ADX Pinch StrategyThis tool can help analyze the momentum and trend strength of an asset to identify: Periods of Strong Trends: Indicated by a high ADX. Potential Reversals or Breakouts: Highlighted during "pinch zones." Momentum Shifts: Tracked using the PPO Line, Signal Line, and histogram. The script uses the asset's closing price to calculate all indicators, providing actionable insights for both short-term and long-term trading strategies.\This Pine Script plots two technical indicators, the Percentage Price Oscillator (PPO) and the Average Directional Index (ADX), for the underlying asset (e.g., stock, forex pair, or cryptocurrency). It helps identify periods of trend strength and potential price "pinch" zones, which can signal consolidations or reversals.
Pine Script™ indicator
by rushin2win
Merry ChristmasThis indicator creates a dynamic table of holiday greetings in 40 languages, taking advantage of Pine Script v6's new variable text size feature. The messages appear with randomized colors, sizes, and positions, refreshing with each bar update to create an ever-changing festive display. Includes traditional Christmas, Hanukkah, and New Year wishes across cultures. To fellow Pine developers who continue to push the boundaries of what's possible with Pine Script - thank you and happy holidays.
Pine Script™ indicator
by xxattaxx
Dual Relative Strength Index(RSI)Triple rsi was announced yesterday, and today I'm announcing a new version as planned yesterday. The name is dual rsi. This rsi allows me to show you the rsi of the time frame that I'm seeing at this moment and the time frame that's four times longer at the same time. I don't have to manually time frame each one, I just open the time zone chart I want, and I automatically adjust the time zone. It is expected to be used to check the trend when buying and selling. If you have anything to supplement or want to use my code, feel free to use it. ====번 역=== 트리플 rsi를 어제 발표하였고, 나는 오늘은 어제 계획한데로 새로운 버전을 발표 합니다. 그 이름은 듀얼 rsi입니다. 이 rsi는 지금 이 순간에 내가 보고 있는 타임프레임의 rsi와 4배 긴 시간의 타임프레임을 동시에 보여 줄수 있도록 합니다. 일일이 내가 수동적으로 타임프레임을 지정할 필요없이 그저 내가 원하는 시간대 차트를 열기만 하면 자동으로 시간대를 조정합니다. 매매를 할때 추세를 확인하는데 긴요하게 사용될 것으로 기대됩니다. 보완할 사항이 있거나 제 코드를 사용하시길 원하는 분들은 자유롭게 사용하셔도 좋습니다.
Pine Script™ indicator
by illbecmo
Fair Value Gap [by Oberlunar]Fair Value Gap This indicator is designed to identify and display Fair Value Gaps (FVG) on the price chart. Fair Value Gaps are areas between candles where the price lacks continuity, leaving a "gap" that can serve as a reference point for price retracements. These zones are often considered important by traders as they represent market imbalances that tend to be "mitigated" (i.e., filled or tested) over time. Purpose of Publication This indicator addresses a common gap in FVG indicators. Most existing FVG indicators do not visually distinguish between mitigated (touched) FVGs and those that remain intact. With this indicator: Mitigated FVGs are clearly displayed with distinct colors, allowing traders to identify which zones have been partially or fully filled by the price. Unmitigated FVGs remain prominent, representing potential points of interest. Key Features Identification of Fair Value Gaps: A Bullish FVG (upward gap) forms when the high of the three previous candles (candle -3) is lower than the low of the next candle (candle -1). A Bearish FVG (downward gap) forms when the low of the three previous candles (candle -3) is higher than the high of the next candle (candle -1). Dynamic Coloring: Unmitigated FVGs are highlighted with specific colors: green for Bullish and red for Bearish gaps. When an FVG is "touched" by the price (i.e., mitigated), the color changes: Yellow-green for mitigated Bullish FVGs. Purple for mitigated Bearish FVGs. Handling Mitigated FVGs: When an FVG is touched by the price, it is visually updated with a different color. An option can be enabled to "shrink" the mitigated zone, adjusting the box to reflect the remaining untested portion of the gap. Customization: Configure the maximum number of FVGs to display on the chart. Set specific colors for mitigated and unmitigated FVGs. Choose whether to automatically shrink mitigated zones. How to Identify Support and Resistance Levels Support: Bullish FVGs represent potential support levels, as they indicate areas where the price might return to seek liquidity or fill the imbalance. An FVG that is repeatedly touched without being fully filled becomes a significant support zone. Resistance: Bearish FVGs represent potential resistance levels, indicating zones where the price might stall or reverse direction. Why a Repeatedly Mitigated FVG is Significant When an FVG is touched or mitigated multiple times, it means the market recognizes that area as significant. This can happen for several reasons: Accumulation or Distribution: Institutional traders may use these zones to accumulate or distribute positions without causing excessive market movement. Presence of Liquidity: FVGs often represent areas with pending orders (stop-losses, limit orders), and the price revisits these zones to seek liquidity. Market Equilibrium: When an FVG is repeatedly filled, it indicates the market's attempt to balance a demand-supply imbalance. This makes the zone an important level to monitor for potential breakouts or reversals.
Pine Script™ indicator
by oberlunar_tr