This Pine Script indicator calculates and visualizes the price movement for each candlestick on the chart. - **Calculation**: The price movement for each candle is determined by subtracting the opening price from the closing price. - **Visualization**: The price movement is plotted as a histogram, with positive values indicating upward movement (green bars)...
The "VWAP Divergence" indicator leverages the VWAP Rolling indicator available in TradingView's library to analyze price and volume dynamics. This custom indicator calculates a rolling VWAP (Volume Weighted Average Price) and compares it with a Simple Moving Average (SMA) over a specified historical period. Advantages: 1. Accurate VWAP Calculation: The VWAP...
This custom Pine Script indicator allows traders and analysts to compare the performance of two distinct assets by visualizing their price ratio over time. The "Ratio Chart" indicator plots the ratio of the closing prices of any two selected assets, making it easier to observe how one asset performs relative to another within the same chart. Features: 1....
█ OVERVIEW The Fibonacci Moving Averages are a toolkit which allows the user to configure different types of Moving Averages based on key Fibonacci numbers. Moving Averages are used to visualise short-term and long-term support and resistance which can be used as a signal where price might continue or retrace. Moving Averages serve as a simple yet powerful tool...
Plots exponential moving average on four timeframes at once for rapid indication of momentum shift as well as slower-moving confirmations. Displays EMA 9, 55, 100, and 200... default colors are 9-white, 55-red, 100-yellow and 200-green. //@version=5 indicator("EMA 9/55/100/200", overlay=true) // Calculul EMA pentru diferite perioade ema9 = ta.ema(close,...
Purpose: The "Uptrick: TrendVol Indicator," known by its abbreviated title 'U:TVI,' is meticulously crafted to offer traders insights into both trend strength and volume dynamics within the market. By visualizing trend strength relative to a moving average, analyzing volume activity, and assessing potential price movements, traders can make informed decisions and...
Purpose: The "Uptrick: MultiMA_Volume" indicator, identified by its abbreviated title 'MMAV,' is meticulously designed to provide traders with a comprehensive view of market dynamics by incorporating multiple moving averages (MAs) and volume analysis. With adjustable inputs and customizable visibility options, traders can tailor the indicator to their specific...
Indicator Overview This custom TradingView indicator plots four different moving averages on your chart: 9-Period Exponential Moving Average (EMA) 9-Period Simple Moving Average (SMA) 200-Period Simple Moving Average (SMA) 200-Period Exponential Moving Average (EMA) Purpose The purpose of this indicator is to help traders identify trends and potential buy or sell...
Many successful traders quotes that "trend is your friend", Thinking this quote we designed this indicator which shows the trend. How to trade? If the colour of cloud is green then take only Long Entries. And if colour of the cloud is Red then take only Short positions.
Sure! Here's a concise description of your trading strategy: ### Strategy Description: The **SMA Crossover with RSI Filter and Alerts** is a technical analysis-based trading strategy designed to trade various assets, including indices, forex pairs, and commodities. The strategy uses two Simple Moving Averages (SMA) to identify buy and sell signals, with an added...
5 EMA line in an indicator. This indicator is adjustable both EMA value and color. It suit for the one who have one or two indicator quota. Create by Dr. Pawin T.
Title: "EMA 200 Dynamic Projection on 4H and Daily Charts" Description: "This script is designed to provide traders with a comprehensive view of market trends by displaying the 200-period Exponential Moving Average (EMA) on both 4-hour and daily charts simultaneously. Unlike typical EMA representations, this script enhances user decision-making by projecting the...
Combined Indicator: Solar EMA and BWMA This custom indicator combines two popular moving average techniques, the Exponential Moving Average (EMA) and the Barycenter Weighted Moving Average (BWMA), to provide insights into market trends and potential trade opportunities. Solar EMA (Exponential Moving Average): The Solar EMA is a dynamic moving average that...
UM-MA-DIRECTION Indicator Indicator Description The UM-MA-Direction indicator adds a few more features to a traditional Moving Average indicator. The primary difference is color change upon MA direction. The indicator is green when trending higher and red when trending lower. Additionally, a MA of the MA can be configured. This gives a smoothing effect...
Combining the Average Directional Index (ADX) with a 14-period Exponential Moving Average (EMA) can provide traders with a comprehensive approach to identify both the strength of a trend (through ADX) and the trend's direction (using EMA). Let's break down each component and then discuss how they can be combined: Average Directional Index (ADX): The ADX is a...
Description This is a different take on the traditional RSI - Relative Strength Index. This indicator turns the RSI line green when above 50 and red when below 50 making directional changes highly visual. Additionally, an exponential Moving Average is drawn of the RSI. The EMA is green when trending higher and red when trending lower. The area between...
1 Trend Identification: • The indicator primarily aims to identify trends in the market. It does this by computing two EMAs (fast and slow) and deriving the MACD line, which is the difference between these two EMAs. The MACD line is a momentum indicator that shows the relationship between two moving averages. When the MACD line is above the signal line, it...