MonthAugust 2021

Marked Highs/Lows — Support & Resistance

This indicator mimics the functionality of marked highs/lows in MarketSmith, a charting tool available from Investor’s Business Daily. Marked highs/lows, sometimes referred to as pivot highs/lows, can be used to locate areas of support and resistance . These same points can also be helpful when drawing trendlines and channels.

I’ve added several customization options that add to the flexibility and overall usefulness of this technical indicator.

  • Custom Ranges for Marked Highs/Lows

In MarketSmith, a marked high is the highest high going back nine bars and forward nine bars. The number of required bars with lower highs on each side of the high is referred to as the period. The default for the indicator is a nine bar period, however, you can configure the period to fit with your trading style.

  • View Marked Highs/Lows on Any Timeframe

MarketSmith only supports marked highs/lows on daily charts . With this indicator you can view marked highs/lows on any timeframe.

Install the latest release of Marked Highs/Lows – Support & Resistance

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View Past Volume Stats for Any Bar on Any Timeframe

When using the (free) Relative Volume Pro indicator I wrote for TradingView, you can view past volume stats such as volume, average volume, Relative Volume and % change for any bar, in any timeframe. This can be very handy to get a closer look at the volume details for any point in time.

TradingView is an charting and technical analysis. Check out the free trial!

Install the latest release of Relative Volume Pro – Realtime Volume Flow.

Relative Volume Pro – Realtime Volume Flow

Relative volume compares the volume at a specific time in the trading day versus the prior volume at the same time of day over a specified range. This is an ideal way to gauge if there is significant volume driving a price move, either up or down.

What’s Unique About this Relative Volume Indicator?

Many relative volume indicators simply divide the current volume by the average volume . Unfortunately, this calculation is not an accurate gauge of volume at a specific point in time and it will not account for typical spikes in volume that occur early and late in the day.

This indicator calculates relative volume on an intraday chart, looking at the volume for each bar in the current timeframe, over a range of days that is configured in Settings. For example, if the preferred lookback is set to 50 and you are on a 5-minute chart at 1:00pm, the indicator will determine the average of cumulative volume traded up to 1:00pm on each 5-minute bar, over the past 50 days. The result is an accurate representation of the “true” volume for a specific time in the day.

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Hide Indicator Arguments and Values in TradingView

One of the most common questions I am asked about TradingView is how to hide all the information that is shown after the indictor name in the upper left.

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Measure Tool and How to Determine Price Gain or Loss

Here’s a short tutorial on how to quickly gauge a price move in @TradingView using the Measure tool. I hope you find it helpful.

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Add Tweets onto a TradingView Chart

Here’s a short tutorial on how to add Tweets directly onto your TradingView timeline!

What’s equally as cool is that the tweet will appear on the chart at the same date/time as the original tweet!

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