// This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org // © LudoGH68 //@version=5 indicator("SMC Structures and FVG", overlay = true) import LudoGH68/Drawings_public/1 as d getLineStyle(lineOption) => lineOption == "┈" ? line.style_dotted : lineOption == "╌" ? line.style_dashed :...
This script makes use of historical data for finding the standard deviation on daily returns. Based on the mean and standard deviation, the upper and lower range for the stock is shown upto 2x standard deviation. These bounds can be treated as volatility range for the next n trading sessions. This volatility is based on historical data. Users can change the...
A utility to manually track your trades. Also allows you to specify a RR and $ risk per trade if you trade with that kind of system. Double click to get to the settings to update as you make trades. Can be used for back/forward testing and while live trading. Modified and republished with permission from Knighted21
Guide to the Risk Appetite & Directional Bias Indicator This indicator is a tool designed to capture the relationship between Bitcoin and the S&P 500 (but could be any two assets of your choice, theoretically). This post aims to provide a detailed overview of the logic, components, and implementation of the indicator. 1. Introduction This indicator leverages...
This TradingView Pine Script indicator combines several analytical tools to assist traders in making informed investment decisions. It calculates and visualizes cumulative gain/loss percentage, standard deviation levels, and normalizes trading volume on a reversed scale. Components: Basis for Calculation: Users can select the basis data for the calculations:...
Enhanced Overbought/Oversold Indicator Description: The Enhanced Overbought/Oversold Indicator is a custom technical analysis tool designed to identify potential reversal points in the market by highlighting conditions of overbought and oversold levels on any timeframe. This indicator is based on the Relative Strength Index (RSI), a momentum oscillator that...
Average Down Calculator is an indicator for investors looking to manage their portfolio. It aids in calculating the average share price, providing insights into optimizing investment strategies. Averaging down is a strategy investors use when the price of a security they own goes down. Instead of selling at a loss, they buy more shares at the lower price to reduce...
Code Description This Pine Script™ is designed to analyze the distribution of historical returns of a financial asset and project future confidence levels. It uses statistical techniques to estimate the probability of winning and losing as well as displaying confidence bands and distribution statistics. User Entries Length (252): The number of days used to...
Description: This indicator uses Geometric Brownian Motion (GBM) simulations to predict possible price trajectories of a financial asset. It helps traders visualize potential price movements, assess risks, and make informed decisions. Geometric Brownian Motion: Geometric Brownian Motion is an extension of standard Brownian motion (or Wiener process) used to...
Daily Liquidity Peaks and Troughs Description in English: This indicator identifies peaks and troughs of highest liquidity on a daily timeframe by analyzing volume data. It helps traders visualize key points of high buying or selling pressure, which could indicate potential reversal or continuation areas. Detailed Explanation: Configuration: Lookback Length:...
### Pine Script Indicator: Important Levels by Sandun Kolambage #### Description Introducing our new pivot point and high/low indicator for TradingView! This indicator is designed to help traders identify key levels of support and resistance across different timeframes, from daily to yearly. By analyzing historical data and market trends, our indicator displays...
A simple modification of the regular FXN day separator indicator. It starts the days at 12:00 of the time-zone you select as opposed to the regular 17:00 server time.
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...
Enhanced Trend Arrows with Moving Average Description in English: This indicator is designed to identify market trends using a moving average and displays arrows after three consecutive closes above or below the moving average. It helps traders visualize confirmed trends and make informed decisions. Detailed Explanation: Configuration: Length: Defines the...
Trend Lines with Gradient Description in English: This indicator identifies trend lines and applies a gradient coloring to visualize the strength of the trend over time. The color is stronger at the beginning of the trend and weaker at the end, helping traders to visually assess the trend's development. Detailed Explanation: Configuration: Length for Trend...
Precise ATR Stop Loss - Daily Pullbacks This indicator uses ATR (Average True Range) combined with the identification of pullback lows and highs on daily charts to calculate more precise stop loss levels. How it works: Identification of Pullbacks: Pullback Lows: Identifies significant low points on daily charts that can serve as support. Pullback Highs:...
The Birdies indicator uses a unique technique to provide support/resistance curves based on a circle connecting the last swing high/low. A specific, customizable part of this circle acts as a curve of interest, which can trigger visual breakout signals. 🔶 USAGE The script projects a bird-like pattern when a valid Swing point is found. Multiple...
moving averages are lagging in nature but this indicator tends to eliminate the lagging nature of moving averages