Indicator Binocular Trend for TradingView (Source Code)
$19.00
It works like a magic!
As a trader, I found this tool useful for spotting market trends and making informed decisions. The real-time data and clear chart patterns help identify potential trade opportunities.
INSTANT DOWNLOAD!
Price: $19.00
TradingView Indicator (Source Code) + video.
The “Binocular” Indicator for TradingView: Comprehensive Market Analysis Tool
The Binocular Indicator is an advanced TradingView script designed to provide multiple functionalities for traders, ranging from trend analysis and volatility tracking to support/resistance identification. Here’s a detailed overview of its key features:
1. Volatility Tracking & Settlement Levels
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Settlement & Standard Deviation Levels: Automatically calculates daily settlement levels and overlays up to three standard deviation levels (e.g., +0.5 SD, +1 SD) around the settlement price for precise market insights.
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Historical Volatility (HV): Computes annualized volatility using daily or intraday data, assisting in the evaluation of current market conditions.
2. Trend Analysis
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EMA Crossovers: Utilizes multiple EMAs (e.g., 30, 35, 40, 45) to identify and confirm trend direction via crossover patterns.
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Supertrend: Integrates the Supertrend indicator to highlight the overall market bias.
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Trend Coloring: Adjusts bar or background colors based on the positioning of EMAs relative to price movements, offering a visual representation of market trends.
3. Support/Resistance Zones
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Demand/Supply Zones: Automatically detects swing highs and lows, plotting key supply and demand zones on the chart. These zones are extended forward until invalidated for continuous analysis.
4. Trade Signal Generation
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Buy/Sell Signals: Combines volatility, trend, and RSI conditions to generate accurate buy and sell signals. Entry points and target levels are clearly marked on the chart for easier decision-making.
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Stop Loss & Take Profit: Automatically calculates and plots stop-loss and multiple take-profit levels based on recent highs, lows, and ATR-based calculations for effective risk management.
5. VWAP Integration
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VWAP for Multiple Timeframes: Visualizes the Volume Weighted Average Price (VWAP) for daily, weekly, and monthly timeframes to identify significant support and resistance levels.
6. Customizable Tables
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RSI & Multi-Timeframe Signals: Displays tables with RSI readings across multiple timeframes, multi-timeframe trade signals, and profit/loss data to aid in in-depth technical analysis.
7. ZigZag Indicator
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Swing Structure Visualization: Plots zigzag lines based on pivot highs and lows to help identify swing structures and potential trend reversals, adding clarity to market analysis.
8. Utility Features
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User Input Controls: Highly customizable with various input options for user-defined visualization, allowing you to enable/disable specific features, adjust lengths, thresholds, and more.
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Multi-Timeframe Compatibility: Retrieves and compares data from higher or lower timeframes to enrich your analysis with additional layers of insight.
The Binocular Indicator combines essential trading tools into one comprehensive script, providing valuable insights for both trend-following and mean-reversion strategies. Whether you’re an experienced trader or just starting, this powerful tool offers a complete solution to enhance your market analysis and trading decisions.
