TRADINGVIEW PRO PLUS INDICATOR

Tradingview Pro Plus Inidcator Plan has five indicators that intelligently cover the most popular trading concepts. Made from Proprietary Pine Script language, the scripts published by CEO.CODES and are available in the invite only scripts library.

1.Volume Alert

Volume is the number of contracts of a security traded during a given period of time. The higher the volume during a price move, the more significant the move and the lower the volume during a price move, the less significant the move. Volume is often viewed as an indicator of liquidity, as stocks or markets with the most volume are the most liquid and considered the best for short-term trading; there are many buyers and sellers ready to trade at various prices.

Volume can be an indicator of market strength, as rising markets on increasing volume are typically viewed as strong and healthy.
When prices fall on increasing volume, the trend is gathering strength to the downside.
When prices reach new highs (or no lows) on decreasing volume, watch out; a reversal might be taking shape.

2.Over Bought Over Sold Alert

Overbought refers to a security that analysts or traders believe is trading above its intrinsic value. The opposite of overbought is oversold, where a security is thought to be trading below its intrinsic value. Oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. The Relative Strength Index (RSI) describes a momentum indicator that measures the magnitude of recent price changes in order to evaluate overbought or oversold conditions in the price of a stock or other asset.

In trading, the Relative Strength Index (RSI) is a type of momentum indicator that looks at the pace of recent price changes so as to determine whether a stock is ripe for a rally or a selloff.
The RSI is used by market statisticians and traders, in addition to other technical indicators as a means of identifying opportunities to enter or exit a position.
Generally, when the RSI surpasses the horizontal 30 reference level, it is a bullish sign and when it slides below the horizontal 70 reference level, it is a bearish sign.

3.Cloud Strategy Indicator

The Ichimoku cloud is a technical analysis indicator, which includes multiple lines, that help define the support, resistance and momentum and trend direction. It does this by taking multiple averages and plotting them on the chart. It also uses these figures to compute a "cloud" which attempts to forecast where the price may find support or resistance in the future.

The Ichimoku Cloud is composed of five lines or calculations, two of which compose a cloud where the difference between the two lines is shaded in.
The lines include a nine-period average, 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.
The Cloud is a key part of the indicator. When price is below the cloud the trend is down. When price is above the cloud the trend is up.
The above trend signals are strengthened if the Cloud is moving in the same direction as price. For example, during an uptrend the top of the Cloud is moving up, or during a downtrend the bottom of the cloud is moving down.

4. Heikin Ashi Fibonacci Indicator

Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point. n the context of trading, the numbers used in Fibonacci retracements are not numbers in Fibonacci's sequence; instead, they are derived from mathematical relationships between numbers in the sequence. The basis of the "golden" Fibonacci ratio of 61.8% comes from dividing a number in the Fibonacci series by the number that follows it.

Fibonacci retracements are popular tools that traders can use to draw support lines, identify resistance levels, place stop-loss orders, and set target prices.
A Fibonacci retracement is created by taking two extreme points on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%.
Fibonacci retracements suffer from the same drawbacks as other universal trading tools, so they are best used in conjunction with other indicators.

5. Reversal Indicator

A reversal is when the price trend of an asset changes direction. It means that the price is likely to continue in the reversal direction. There is a Difference Between a Reversal and a Pullback. Pullbacks and reversals both involve a security moving off its highs, but pullbacks are temporary and reversals are longer term.

Traders try to get out of positions that are aligned with the trend prior to a reversal, or they will get out once they see the reversal underway.
Trends and reversals can be identified based on price action alone, or with the use of indicators.