MarketGod Visual Indicator

Information on our MarketGod Visuals tool, a free tool offered to users of the Tradingview.com HTML5 advanced charting platform.

The MarketGod Visual Indicator

Provides visual tools and indicators for users on Tradingview will enable users to add their favorite visual oscillators and indicators to a chart, while saving the space usually taken up by the listing of the indicators in the top left of the screen.

Additionally, this script enables free users of tradingview to stay within their 3-indicator limit and lets them add 7 indicators all as 'one' technically.

The 7 included indicators each are described below by their functionality and an image of what they appear as on the visual indicator.

Add MarketGod Visuals to your Tradingview charts

  1. From the public indicator library, type in 'MarketGod Visuals'

    1. From there, you will see the indicator, published by TVMarketGod, which is our original Tradingview account username.

Visuals User Menu

Enable and disable the preferred tools on the menu itself, once you add the tool to your chart. You can adjust colors and appearances of the indicators, as well as the inputs and values of the associated indicators within the study.

Visuals User Menu

Pivot Based Support+Resistance Zones

MarketGod Visuals Indicator - S/R Feature Highlights the support and resistance zones of the given asset/chart.

Fibonacci Based Support + Resistance Zones

Fib based support and resistance zones

Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used.

The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points.

Suppose the price of a stock rises $10 and then drops $2.36. In that case, it has retraced 23.6%, which is a Fibonacci number. Fibonacci numbers are found throughout nature. Therefore, many traders believe that these numbers also have relevance in financial markets.

KEY TAKEAWAYS

  • Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point.

  • The percentage levels provided are areas where the price could stall or reverse.

  • The most commonly used ratios include 23.6%, 38.2%, 50%, 61.8%, and 78.6%.

  • These levels should not be relied on exclusively, so it is dangerous to assume the price will reverse after hitting a specific Fibonacci level.

Sources: https://www.investopedia.com/terms/f/fibonacciretracement.asp

Bollinger Bands

Bollinger Band functionality

The concept of using price bands and moving averages is not new, but the use of Bollinger bands is. This article and video will introduce these indicators and focus on how you can use two common uses of them to improve your trade. Originally developed and popularized by John Bollingers in the early 1980s, Bollinger Band has become one of the most popular indicators used by technical analysts in capital markets. In the late 1990s he introduced significant improvements that improved his usefulness, and he made the band the basis for many of his other instruments. [Sources: 2]

Bollinger Bands is a technical indicator developed by John Bollinger in the 1980s and explained in his technical indicators. This particular indicator covers a price range and a moving average of the price of a particular share or commodity over a given period of time. Bollinger bands are similar volatility indicators and can be used to measure a stock's price change over the last 12 months or even over an entire year. [Sources: 1]

The basic interpretation of Bollinger bands is that prices tend to stay in the upper and lower ranges, and periods of low volatility are generally followed by high volatility. An interesting use for Bollinger's banding is that volatility tends to mean that it reverses. The Bollinger Bandwidth (r) study is a technical indicator based on the Bollyer B-band study, which expresses the distance between the "upper" and "lower" band as a moving average plotted by the bands. [Sources: 9]

Bollinger Bands is a very popular technical analysis technique developed by the famous technology dealer John Bollinger. Bollinger's B-band indicator is useful for investors trading in equities, indices, foreign exchange and foreign exchange. I have found that almost every trade strategy will benefit from the use of this indicator. [Sources: 8, 9]

Bollinger bands, as developed by John Bollinger, are volatility bands placed on a moving average. They were developed using a combination of the moving averages of a number of different indices and their relative movements over time. [Sources: 4, 8]

Volatility is based on the standard deviation, which changes as volatility increases or decreases. The difference between Bollinger bands and envelopes is that the envelopes represent a fixed percentage of the moving average, while Bollinger B bands represent a percentage change in the average of a number of moving averages over time. [Sources: 4]

Bollinger bands were introduced by John Bollinger in the 1980s and are bands that represent the upper and lower trading ranges at a certain market price. They are attracted to surround the price structure of a trading instrument and a share is expected to trade within these upper or lower limits, with the band lines representing a predictable range on either side of the moving average. [Sources: 3, 4]

Bollinger bands consist of three lines drawn in relation to the price of the security, one for each of the two upper and lower limits of its trading margin. [Sources: 3]

There are many ways to use Bollinger bands, but one of the most common and popular is to search for what is technically called "Bollinger squeeze." If you see a lateral shift in the moving average, the Bollinger B bands are squeezed, indicating low volatility. Boller Bollyer Banding B is a simple chart of a stock with two lines, one for each upper and lower limit of its trading range. [Sources: 9]

For this reason, many traders use this indicator in conjunction with Bollinger Bands Squeeze as an indicator. When the market finishes a move, the indicator appears, according to the band pushed far out of the range of the Keltner channels. If you look at Bollinger's B bands as a group of bands, there is a bottleneck when the bands come together to narrow below the moving average. [Sources: 9]

Bollinger's band is a bit of a moving average, but the calculations are different. Bollinger B-bands are envelopes that are applied against moving average envelopes and somewhat resemble the simple moving averages. When drawing an upper and lower line, the standard deviation is considered a line that can be plotted when the line is moved by taking a fixed percentage of the difference between the average and the lower and upper levels of each tape. [Sources: 5, 7]

Bollinger Bands are a statistical chart characterized by a formula-like method proposed by John Bollinger in the 1980s. The following variables are required for the calculation of Bollinger B-bands: The period of time is the period from the beginning of the recording to the end of the recording period. [Sources: 6, 7]

Bollinger Bands are one of the most popular technical analysis tools used in today's trading environment. These charts are used by financial traders as a methodological tool to inform trading decisions and as part of automated trading systems such as algorithmic trading. [Sources: 0, 6]

As the name suggests, Bollinger Bands refer to a band or price channel placed on a graph to represent a range of volatility in which the price of a particular security rises or falls.

Sources:

Keltner Channels

Keltner channel functionality

What is a Keltner Channel?

A Keltner Channel is a volatility based technical indicator composed of three separate lines. The middle line is an exponential moving average (EMA) of the price. Additional lines are placed above and below the EMA. The upper band is typically set two times the Average True Range (ATR) above the EMA, and lower band is typically set two times the ATR below the EMA. The bands expand and contract as volatility (measured by ATR) expands and contracts.

Since most price action will be encompassed within the upper and lower bands (the channel), moves outside the channel can signal trend changes or an acceleration of the trend. The direction of the channel, such as up, down, or sideways, can also aid in identifying the trend direction of the asset.

KEY TAKEAWAYS

  • The EMA of a Keltner Channel is typically 20 periods, although this can be adjusted if desired.

  • The upper and lower bands are typically set two times the ATR above and below the EMA, although the multiplier can also be adjusted based on personal preference. A larger multiplier will result in a wider channel.

  • Price reaching the upper band is bullish, while reaching the lower band is bearish. Reaching a band may indicate a continued trend in that direction.

  • The angle of the channel also aids in identifying the trend direction. When the channel is angled upwards, the price is rising. When the channel is angled downward the price is falling. If the channel is moving sideways, the price has been as well.

  • The price may also oscillate between the upper and lower bands. When this happens, the upper band is viewed as resistance and the lower band is support.

Ichimoku

Ichimoku cloud functionality

ORIGINATION

The Ichimoku Kinko Hyo is a technical analysis indicator based on candlesticks charting. The technique aims at improving the accuracy of forecast price moves. It was published by Japanese journalist called Goichi Hosoda in the late 1960s who spent 30 years working on it before releasing it to the general public.

Ichimoku is a trend identification system based on a moving-average. The fact that it contains more data points than standard candlesticks makes its insights clearer in terms of potential price action. The Ichimoku plots moving averages in a way which is sensibly different from other techniques. In fact, Ichimoku’s lines are constructed using the 50% point of the highs as opposed to the candle’s closing price. Moreover, similarly to William Delbert Grann’s trading ideas, Ichioku takes into consideration the factor of time in addition to the price action.

The indicator has been subsequently improved and integrated by three other theories: Time Theory, Wave Movement Theory, and Target Price Theory.

FUNDAMENTALS

THERE ARE FIVE KEY COMPONENTS TO THE ICHIMOKU INDICATOR:

TENKAN-SEN

The tenkan-sen, or conversion line, is calculated by adding the highest high and the highest low over the past nine periods and then dividing the result by two. The resulting line represents a key support and resistance level, as well as a signal line for reversals.

KIJUN-SEN

The kijun-sen, or base line, is calculated by adding the highest high and the lowest low over the past 26 periods and dividing the result by two. The resulting line represents a key support and resistance level, a confirmation of a trend change, and can be used as a trailing stop-loss point.

SENKOU SPAN A

The senkou span A, or leading span A, is calculated by adding the tenkan-sen and the kijun-sen, dividing the result by two, and then plotting the result 26 periods ahead. The resulting line forms one edge of the kumo - or cloud - that's used to identify future areas of support and resistance.

SENKOU SPAN B

The senkou span B, or leading span B, is calculated by adding the highest high and the lowest low over the past 52 periods, dividing it by two, and then plotting the result 26 periods ahead. The resulting line forms the other edge of the kumo that's used to identify future areas of support and resistance.

CHIKOU SPAN

The chikou span, or lagging span, is the current period's closing price plotted 26 days back on the chart. This line is used to show possible areas of support and resistance.

FURTHER READING

Stock Charts Definition

Investopedia

Tradeciety Definition

Parabolic Sar

Parabolic Sar functionality

The parabolic SAR attempts to give traders an edge by highlighting the direction an asset is moving, as well as providing entry and exit points. In this article, we'll look at the basics of this indicator and show you how you can incorporate it into your trading strategy. We'll also look at some of the drawbacks of the indicator.

KEY TAKEAWAYS

  • The parabolic SAR indicator, developed by J. Welles Wilder Jr., is used by traders to determine trend direction and potential reversals in price.

  • The technical indicator uses a trailing stop and reverse method called "SAR," or stop and reverse, to identify suitable exit and entry points.

  • The parabolic SAR indicator appears on a chart as a series of dots, either above or below an asset's price, depending on the direction the price is moving.

  • A dot is placed below the price when it is trending upward, and above the price when it is trending downward.

The Indicator

The parabolic SAR is a technical indicator used to determine the price direction of an asset, as well as draw attention to when the price direction is changing. Sometimes known as the "stop and reversal system," the parabolic SAR was developed by J. Welles Wilder Jr., creator of the relative strength index (RSI).

On a chart, the indicator appears as a series of dots placed either above or below the price bars. A dot below the price is deemed to be a bullish signal. Conversely, a dot above the price is used to illustrate that the bears are in control and that the momentum is likely to remain downward. When the dots flip, it indicates that a potential change in price direction is under way. For example, if the dots are above the price, when they flip below the price, it could signal a further rise in price.

As the price of a stock rises, the dots will rise as well, first slowly and then picking up speed and accelerating with the trend. The SAR starts to move a little faster as the trend develops, and the dots soon catch up to the price.

The following chart shows that the indicator works well for capturing profits during a trend, but it can lead to many false signals when the price moves sideways or is trading in a choppy market. The indicator would have kept the trader in the trade while the price rose. When the price is moving sideways, the trader should expect more losses and/or small profits.

Sources: