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Donchian Zig-Zag [LuxAlgo]The following indicator returns a line bouncing of the extremities of a Donchian channel, with the aim of replicating a "zig-zag" indicator. The indicator can both be lagging or lagging depending on the settings user uses. Various extended lines are displayed in order to see if the peaks and troughs made by the Donchian zig-zag can act as potential support/resistance lines. User Settings Length : Period of the Donchian channel indicator, higher values will return fewer changes of directions from the zig-zag line Bounce Speed : Determine the speed of bounces made by the zig-zag line, with higher values making the zig-zag line converge faster toward the extremities of the Donchian channel. Gradient : Determine whether to use a gradient to color the area between each Donchian channel extremities, "On" by default. Transparency : Transparency of the area between each Donchian channel extremities. Usage It is clear that this is not a very common indicator to see, as such usages can be limited and very hypothetical. Nonetheless, when a bounce speed value of 1 is used, the zig-zag line will have the tendency to lag behind the price, and as such can provides crosses with the prices which can provide potential entries. The advantage of this approach against most indicators relying on crosses with the price is that the linear nature of the indicator allows avoiding retracements, thus potentially holding a position for the entirety of the trend. Altho this indicator would not necessarily be the most adapted to this kind of usage. When using a bounce speed superior to 1, we can see the predictive aspects of the indicator: We can link the peaks/troughs made by the zig-zag with the precedent ones made to get potential support and resistance lines, while such a method is not necessarily accurate it still allows for an additional to interpret the indicator. Conclusions We presented an indicator aiming to replicate the behaviour of a zig-zag indicator. While somehow experimental, it has the benefits of being innovative and might inspire users in one way or another.
Indicatore Pine Script™
di LuxAlgo
31
lineAlertslineAlerts is a powerful tool to define Buys, Sells and Buy-Sell lines for repeating actions. The possibilities vary from 1 Buy and/or Sell to repetitive Buying and Selling at definable lines from a specified point in time (Year, Month, Day and Hour to begin). lineAlerts provides: + optional StartBuy and optional EndSell + in repeat mode: optional definable ending-action (Buy or Sell, which overwrites Stop-Out/Abort) + buy- and sell Lines can be angled separately by using non-zero entries in the Angle %perDay parameter + configurable Stop Loss (Percentage, Stop-Out/Abort-Only, Flat or Angled like Buy-Sell-Lines) + profit calculation and effective alerts can be set further than the beginning time (ActiveAfter#Hours) + empty-bar-correction for lower-liquidity pairs on short timescales (automatically on) + optional visual extension to the right for currently active buy-sell lines + Slippage Max. Percentage parameter, added to order price for Buying, subtracted for Selling (represented in the Buy-Sell markings and LastPrice lines, also calculated in Profit/Loss percentages) + Full Autoview Alerts automation in the Order parameters (for spot trading, this can be replaced with your own API commands while creating or modifying the TradingView alerts): - Separate order size entries for Buying and Selling - Choice between Percentage or absolute Amount for both Buying and Selling (choose the corresponding alert-drop-down option when creating an alert!) The timeframe for running lineAlerts depends on the scale (duration) of the defined pattern. Running on a very small resolution, e.g. 1-5 Min, is suitable for a pattern of a few days to a week at most. This is because of the limited available historic data. Keeping your pattern lines shorter than a week on these micro-timeframes will produce accurate results/output. A pattern which may last a few weeks or even months can run flawlessly on a 1H resolution for example. "Once per bar" is the best alert option in any case. To avoid multiple signals within 1 bar in highly volatile times, it is better to create the alert on the 1 or 4 Hour chart in stead of the daily chart for a pattern of multiple weeks for example. lineAlerts is suitable for any timeframe on any chart which is open 24/7, like most crypto currencies. My other published indicators contain a handy combination of new and classical indicators and oscillators. With lineAlerts, the one defining the lines is in complete control. Results might indicate how good one is at defining trade patterns and at defining suitable stop losses, but lineAlerts is not an indicator as such. lineAlerts is more something like a visually definable price-line alerter with various stop loss and ending options. There will be a video available with some more explaining. WARNING: Note that if an Autoview extension is active for the charted exchange and the according TradingView alerts are activated, it works right out of the box, so make sure to have all order decimals right... GuidoN - December 2019, July 2020
Indicatore Pine Script™
di GuidoN
Fibonacci EMA [sidd]EMA with Fibonacci Numbers, I have developed this system for finding trend , support and resistance in lower time frame and higher time frame. If Candles closes below at least 4 Fibonacci line then trend is down if Candles closes are above minimum 4 Fibonacci line the trend is up. Fibonacci line act as support for Uptrend market similarly same lines act as resistance for downtrend market. Before new trend start all lines shrink together and looks like single thick line. And When trend almost matures then all lines are expanded and they have spaces between them. Hope it will help new trader. This study is not for Buy and Sell.
Indicatore Pine Script™
di siddmuk2005
1
How To Show Vertical LinesExample of various methods to show dashed or solid vertical lines on chart based on using either session or time. Credit for line method goes to midtownsk8rguy -> Credit for plot method goes to PineCoders -> www.pinecoders.com Special thanks to LucF, midtownsk8rguy, and PineCoders for permission to use their work. NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Indicatore Pine Script™
di allanster
10
Line & Label RGB Color Editor [DW]This script is a template designed to provide developers with UI color customization for v4 lines and labels. The color pallete used within this script is a full spectrum "web safe" format with 216 colors to choose from. Colors are easily modified via the RGB inputs. The designated color selector function takes in the RGB values and returns the corresponding hex color. Transparency can be modified as well. However, the color.new function only supports constant integers for transparency value, so it has to be manually adjusted within the code. On line 42, you'll see a variable within the color selector function named trans. This is the transparency value, which can be set to any integer from 0 to 100. I have it set to 0 by default. I included a sample label to demonstrate how the color editor works. It also displays the hex codes for the current label and text colors for some additional reference. Implementing this in your own script is pretty straightforward. All you need to do is copy the color selector function and inputs (feel free to name them whatever you want) into your desired script. Then, you can use them to declare your color variables.
Indicatore Pine Script™
di DonovanWall
2
[PX] MTF Standard Deviation LevelHello guys, once again, I want to show you a different method for detecting support and resistance level. Today's approach is similar to the one I posted recently, but the way the level will be detected is different. I call it the multi-timeframe standard deviation level. How does it work? The method is similar to the way Bollinger Bands work. First, the indicator calculates the standard deviation, which can be influenced by the "Sensitivity"- and "Length"-setting. Sensitiitiy - the higher the value, the fewer level will be shown Length - simply the length for the standard deviation formula Second, the detected value will be added (for resistance level) or substracted (for support level) from the current close. Once the upper or lower boundaries are crossed, a level will appear and keeps moving until the up- or downward movement finishes. Then the level will settle and stay in place. Again, as seen in my previous indicator, you can control all the different styles and colors for the levels. The best part is, the whole thing works in a multi-timeframe fashion. In an example, you could select the "Daily" level and plot them on a 4-hour chart. If you find this indicator useful, please leave a "like" and hit that "follow" button :) Have fun, happy trading and once again Merry Christmas :)))
Indicatore Pine Script™
di paaax
19
[PX] M/W/D LevelHey guys, this script shows monthly, weekly and daily OHLC data represented as horizontal level. I tried to make it as user-friendly as possible. Therefore, you can add different colors and styles for each level, as well as turn them on and off. With the "Label Offset" -parameter you are in control where the label text should appear. You can shift it from left to right and vice-versa. To shift it to the left choose a negative value. To shift it to the right use a positive one. This best setting for me personally is the "Candle Selection" -dropdown. This allows you to decide wether you want to show the previous candles OHLC-data or the current live OHLC-data. !!CAUTION!! If you use the "Current Month/Week/Day" -selection be aware that values shown are "live"-data of the current candle. Therefore, values will change the same way your chart keeps changing on live data. The "Previous Month/Week/Day" -selection on the other hand is historical data and therefore only changes once we reached a new month/week/day. If you like my work, consider leaving a like :) Happy trading!
Indicatore Pine Script™
di paaax
17
Price-Line Channel - A Friendly Support And Resistance IndicatorIntroduction Lines are the most widely used figures in technical analysis, this is due to the linear trends that some securities posses (daily log SP500 for example), support and resistances are also responsible for the uses of lines, basically linear support and resistances are made with the assumption that the line connecting two local maximas or minimas will help the user detect a new local maxima or minima when the price will cross the line. Technical indicators attempting to output lines have always been a concern in technical analysis, the mostly know certainly being the linear regression, however any linear models would fit in this category. In general those indicators always reevaluate their outputs values (repainting), others non repainting indicators returning lines are sometimes to impractical to set-up. This is what has encouraged me to make a simpler indicator based on the framework used in the recursive bands indicator that i published. The proposed indicator aim to be extremely flexible and easy to use while returning linear support and resistances, an option that allow readjustment is also introduced, thus allowing for a "smarter" indicator. The Indicator The indicator return two extremities, the upper one aim to detect resistance points while the lower one aim to detect support points. The length setting control the steepness of the line, with higher values of length involving a lower slope, this make the indicator less reactive and interact with the price less often. The name "price-line" comes from the fact that the channel is dependent on its own interaction with the price, therefore a breakout methodology can also be used, where price is up-trending when crossing with the upper extremity and down trending when crossing with the lower one. Readjusted Option The line steepness can be readjusted based on the market volatility, it make more sense for the line to be more steep when the market is more volatile, thus making it converge faster toward the price, this of course is done at the cost of some linearity. This is achieved by checking the "readjustment" option. The effects can be shown on BTCUSD, below the indicator without the readjusted option : when the "readjustment" option is checked we have the following results : The volatile down movement on BTCUSd make the upper extremity converge faster toward the price, this option can be great for volatile markets. Conclusion The recursive bands indicator prove to be an excellent framework that allow for the creation of lots of indicators, the proposed indicator is extremely efficient and provide an easy solution for returning linear support and resistances without much drawbacks, the readjusted option allow the indicator to adapt to the market volatility at the cost of linearity. The performance of the indicator is relative to the motion of the price, however the indicator show signs of returning accurate support and resistances points. I hope the indicator find its use in the community. Thanks for reading ! Note Respect the house rules, always request permission before publishing open source code. This is an original work, requesting permission is the least you can do.
Indicatore Pine Script™
di alexgrover
21
[RD] HLGO - GANN fibonacci (square/box, based on bars, h&l)================================================================== Sept 24 - 2019 - HLGO - GANN V1 ================================================================== ================================================================== Description ================================================================== Script to plot a gann related model (square / box ), try the different params. Next version will be a time based version. Current version uses bars (aka bar_index) so it can't plot beyond the last bar accept by extending =================================================================== Version : v1 (notes =================================================================== NaN =================================================================== PLEASE -TIP- (we are trying to raise ₿100 to educate the wales) =================================================================== BTC: 1C7sk3x8o2sX5eBV5HSz3KAgXJJ3FsF2Mo ETH: 0xa14f3059EcDAE4aEe2E17826033E1D2C7e83233e BNB: bnb1kwe3hqp4e8ch02ruhpclau4tvf0enzzh5tc2e3
Indicatore Pine Script™
di RootDuk
20
[RD] LCS - line channels (basic) v3 - [republish]================================================================== July 18 2019 - LCS - line channels (basic) by RootDuk Version : v3 - read the notes ================================================================== Easy script to draw channels based on ie. GANN using the following input params - ibback : barsback to search for high and low - ffactor : factor to up/downscale the lines - oextend : extend lines, left, right, both, none - bshowline : show horizontal lines yes/no - bsshowdown : show diag down lines yes/no - bsshowup : show diag up lines yes/no - bshowindm : show index marker, where is you current ibback =================================================================== Notes =================================================================== When you use this code, pls let me know where and how you used it as iam always curious what some can do with it. Thanks! =================================================================== Updates =================================================================== v1 v2 - July 17 2019 - Removed support wallets from source code. I think the source - has been deleted because of this, find no other clue. v3 - July 18 2019 - Republish
Indicatore Pine Script™
di RootDuk
9
[RD] high / low lines pv4 v1================================================================== July 7 2019 - high / low lines pv4 v1 - by RootDuk ================================================================== Easy script to draw some lines on the input variable barsback. You can extend the lines on the sides: left, right, both or none. With the show variables (bools) you can show or hide the lines Lines: high to high, low to low, high to low or low to high Easy way to find support / resistance based on the past with extended lines. Cheers and enjoy =================================================================== Notes =================================================================== Hope TV (pinescript) will get color inputs for line or a type color so we can easily create inputs for colors for lines. Now its static. If someone knows another way, pls let me know, i'll integrate it =================================================================== Updates =================================================================== Non so far v1
Indicatore Pine Script™
di RootDuk
7