Pivots Benchmark For Indicators (MA / OSC) This measures the pivot of your source. the peaks and valleys. and, shows ou some neat statistics if you were to use those as your entry/exit points. I consider it a purist MA designers Acid Test. if you can get good numbers on this, (remember to deduct fees), you probably should feel confident in your indicator's quality. it isn't very forgiving.
170 themes Dark/Light
your choice of highlight colour for Best/Worst achievement values.
compare to open/close average, or a 3 length EMA on close.
display solo bench of your source.
help popup for indicator values, (hideable)
show/hide individual pivot distances, which source to measure as pivot
time to measure historical setting
number of pivots to keep in buffer
it does back test and runs live!
Closed Source for now, as it is a demo version i've made with partial capabilities.
it's part of a set of performance benchmarks i hope to have finished soon.
when i release the major components i've been building up to for 2 years,
this and everything else will be open sourced.
Punti Pivot
[JL] Supertrend Zone Pivot Point with zigzag fibThis is an open-source Pine script that generates a Supertrend Zone Pivot Point with Zigzag Fib indicator for TradingView. The indicator displays the Supertrend Zone, pivot points, and Fibonacci levels on the chart.
One of the unique features of this indicator is that it uses a Zigzag that does not repaint, ensuring accurate high and low points for the pivot points.
Another feature is that when the Supertrend is in an uptrend, only the highest points are taken as pivot points, and when it's in a downtrend, only the lowest points are taken as pivot points.
The Fibonacci levels are calculated based on the previous high and low pivot points, with labels displaying the corresponding levels on the chart.
The indicator also includes options to show/hide the Zigzag and Fibonacci levels.
Overall, this indicator is useful for identifying key pivot points and Fibonacci levels in the Supertrend Zone, providing valuable information for traders to make informed decisions.
RSI Trendlines with BreakoutsA pivot-based breakout indicator that attempts to provide traders with a visual aid for finding breakouts on the RSI. Similar to how we use trendlines on our charts, using them on the Relative Strength Index can also give us a sense of direction in the markets.
This script uses its own pivot-based system that checks for real-time swing levels and triggers a new pivot event after every dip and nth bars. The breakout alerts that are given were not designed to be taken as signals since their purpose is to provide an extra bit of confluence. Because of this, I added no other conditions that try to make the alerts "perfect", but instead, print every breakout that is detected. Despite stating this, I did happen to add a condition that checks the difference in RSI and the breakout value, but that's as far as it'll go.
There are alerts built-in to the script, along with adjustable repainting options.
🔳 Settings
Lookback Range: Lookback period to trigger a new pivot point when conditions are met.
RSI Difference: The difference between the current RSI value and the breakout value. How much higher in value should the current RSI be compared to the breakout value in order to detect a breakout?
RSI Settings
Styling Options
🔳 Repaint Options
On: Allows repainting
Off - Bar Confirmation: Prevents repainting and generates alerts when the bar closes. (1 candle later)
🔳 How it Works
Before a trendline is drawn, the script retrieves the slope between the previous pivot point and the current. Then it adds or subtracts the slope x amount of times (based on the lookback range) from the current pivot value until the current x-axis is reached. By doing this we can get a trendline that will detect a breakout accurately.
The result
When using the RSI Difference condition, the script will print breakouts whenever the condition is true, because of this dotted lines were added to track where the alert was triggered.
🔳 Alerts
Minervini Pullback Strategy_Trend-Template QualifierGeneral Description and Unique Features of this Script
Introducing the ultimate trend-following (long-only) strategy that offers a unique feature you won't find anywhere else!
1. Our script/strategy utilizes Mark Minervini's Trend-Template as a qualifier for identifying stocks and other financial securities in confirmed uptrends. Mark Minervini, a 3x US Investment Champion, developed the Trend-Template, which covers eight different and independent characteristics that can be adjusted and optimized in this trend-following strategy to ensure the best results. The strategy will only trigger buy-signals in case the optimized qualifiers are being met.
2. Our strategy is based on supply/demand balance in the market, making it timeless and effective across all timeframes. Whether you're day trading using 1- or 5-min charts or swing-trading using daily charts, this strategy can be applied and works very well.
3. We also incorporate technical indicators such as RSI and MACD to identify low-risk pullback entries in the context of confirmed uptrends. By doing so, the risk profile of this strategy and drawdowns are being reduced to an absolute minimum, giving you peace of mind while trading.
Minervini’s Trend-Template and the ‘Stage-Analysis’ of the Markets
This strategy is a so-called 'long-only' strategy. This means that we only take long positions, short positions are not considered.
The best market environment for such strategies are periods of stable upward trends in the so-called stage 2 - uptrend.
In stable upward trends, we increase our market exposure and risk.
In sideways markets and downward trends or bear markets, we reduce our exposure very quickly or go 100% to cash and wait for the markets to recover and improve. This allows us to avoid major losses and drawdowns.
This simple rule gives us a significant advantage over most undisciplined traders and amateurs!
'The Trend is your Friend'. This is a very old but true quote.
What's behind it???
• 98% of stocks made their biggest gains in a Phase 2 upward trend.
• If a stock is in a stable uptrend, this is evidence that larger institutions are buying the stock sustainably.
• By focusing on stocks that are in a stable uptrend, the chances of profit are significantly increased.
• In a stable uptrend, investors know exactly what to expect from further price developments. This makes it possible to locate low-risk entry points.
The goal is not to buy at the lowest price – the goal is to buy at the right price!
Each stock goes through the same maturity cycle – it starts at stage 1 and ends at stage 4
Stage 1 – Neglect Phase – Consolidation
Stage 2 – Progressive Phase – Accumulation
Stage 3 – Topping Phase – Distribution
Stage 4 – Downtrend – Capitulation
This strategy focuses on identifying stocks in confirmed stage 2 uptrends. This in itself gives us an advantage over long-term investors and less professional traders.
By focusing on stocks in a stage 2 uptrend, we avoid losses in downtrends (stage 4) or less profitable consolidation phases (stages 1 and 3). We are fully invested and put our money to work for us, and we are fully invested when stocks are in their stage 2 uptrends.
But how can we use technical chart analysis to find stocks that are in a stable stage 2 uptrend?
Mark Minervini has developed the so-called 'trend template' for this purpose. This is an essential part of our JS-TechTrading pullback strategy. For our watchlists, only those individual values that meet the tough requirements of Minervini's trend template are eligible.
The Trend Template
• 200d MA increasing over a period of at least 1 month, better 4-5 months or longer
• 150d MA above 200d MA
• 50d MA above 150d MA and 200d MA
• Course above 50d MA, 150d MA and 200d MA
• Ideally, the 50d MA is increasing over at least 1 month
• Price at least 25% above the 52w low
• Price within 25% of 52w high
• High relative strength according to IBD.
We have developed an algorythm (for TradingView) that uses Minervini’s trend template as a qualifier. This means that the strategy only generates trading signals in case the selected elements of the trend template are being met. The user is fully flexible to adjust the requirements of this Trend-Template qualifier:
This strategy is normally applied to the daily chart ideal for selecting individual stocks for trend-following strategies. Nevertheless, Minervini’s principles are timeless and this alogrithmic strategy with the Trend-Template qualifier can also be applied to any other timframe.
The qualifier #9 (RS-Ratings) can be modified and optimized in the strategy’s settings to fit your individual needs.
In general, it should be noted that ideally all 8/8 trend template criteria are met. Stocks or other securities that meet only some of these 8 criteria can also be very promising candidates for this strategy, provided that backtesting yields good results.
The Pullback Strategy
For the JS-TechTrading pullback strategy, only stocks and other financial instruments that meet the selected criteria of Mark Minervini's trend template are considered. If not, the strategy will not generate any signals.
Further prerequisites for generating a buy signal is that the individual value is in a short-term oversold state (RSI).
When the selling pressure is over and the continuation of the uptrend can be confirmed by the MACD after reaching a price low, a buy signal is issued by the pullback strategy.
Stop-loss limits and profit targets can be set variably.
Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a technical indicator developed by Welles Wilder in 1978. The RSI is used to perform a market value analysis and identify the strength of a trend as well as overbought and oversold conditions. The indicator is calculated on a scale from 0 to 100 and shows how much an asset has risen or fallen relative to its own price in recent periods.
The RSI is calculated as the ratio of average profits to average losses over a certain period of time. A high value of the RSI indicates an overbought situation, while a low value indicates an oversold situation. Typically, a value > 70 is considered an overbought threshold and a value < 30 is considered an oversold threshold. A value above 70 signals that a single value may be overvalued and a decrease in price is likely , while a value below 30 signals that a single value may be undervalued and an increase in price is likely.
For example, let's say you're watching a stock XYZ. After a prolonged falling movement, the RSI value of this stock has fallen to 26. This means that the stock is oversold and that it is time for a potential recovery. Therefore, a trader might decide to buy this stock in the hope that it will rise again soon.
Moving Average Convergence Divergence (MACD)
The MACD (Moving Average Convergence Divergence) is a technical indicator used in both short-term and long-term trading strategies. The indicator was developed by Gerald Appel and is one of the most well-known indicators for the stock market.
The MACD consists of two lines calculated by the difference between two moving averages. The first line is a fast moving average that targets a short period of time. The second line is a slow moving average that targets a longer period of time. In addition, a trigger line is calculated, which consists of another moving average of the MACD line.
The MACD line is the difference between the fast and slow moving average.
The greater the difference between the two lines, the more likely a subsequent price increase. The lower the difference, the more likely a subsequent price drop is.
If the MACD line crosses upwards over the trigger line, this is a buy signal that signals a potential price increase. If the MACD line crosses down below the trigger line, this is a sell signal that signals a potential price weakening.
This strategy is applicable to all timeframes and the relevant parameters for the underlying indicators (RSI and MACD) can be adjusted and optimized as needed.
Backtesting
Backtesting give outstanding results on all timeframes and drawdowns can be reduced to a minimum level. Swing-Traders (daily charts) will see that the strategy does not give any buy signals during market corrections and bear markets.
Settings for backtesting are:
- Period from Jan 2000 until now
- Starting capital 100k USD
- Position size = 25% of equity
- 0.01% commission = USD 2.50.- per Trade
Other comments
• This strategy has been designed to identify the most promising, highest probability entries and trades for each stock or other financial security.
• The trend-template qualifier is highly selective and filters out the most promising swing-trading entries. As a result, you will normally only find a single-digit number of trades for each stock or other financial security per year in case you apply this strategy for the daily charts. Shorter timeframes will result in a higher number of trades / year.
• As a result, traders need to apply this strategy for a full watchlist rather than just one financial security.
Signals and pivot divergencesScript that shows buy and sell signals for multiple indicators and divergences when there's a pivot in the price chart. The defaults are from my own laboration and don't hesitate to share your settings!
Best of trading luck!
AutoBF by Tren10xBroadening Formation is a powerful technical analysis tool that is characterized by two converging trendlines that widen over time. This pattern typically signals a period of volatility and uncertainty in the market and can indicate a potential reversal in trend direction.
This script uses advanced algorithms to automatically detect and plot broadening formations on your chart, making it easy to identify these patterns and potentially profit from them, all while saving you time from drawing them yourself. With customizable settings, this indicator is a must-have tool for any trader looking to take advantage of this powerful chart pattern.
Features:
● Automatically detects and plots broadening formations on any chart within TradingView
● Customizable settings for greater flexibility and control
● Choose to draw your broadening formation from the outside bar to the "Previous Candle" or "Compound Candle" aka to the previous lowest/highest candle within the outside bar.
● Clear visual display of broadening formations and easy identification
● Compatible with all markets and timeframes, from stocks and forex to cryptocurrencies and commodities
● Designed for both novice and experienced traders, with user-friendly interface and comprehensive documentation
● By default, the year will look back 75 years, the quarter will look back 20 years, the month will look back 7 years, the week will look back 3 years, and the day will look back 90 days. However, you now have the ability to change these at your will.
● Added the ability to enable Broadening Formations on the 6 Month, 2 Month, 2 Week, and 2 Day charts.
● ALERTS! Receive timely notifications when the price breaches or activates a broadening formation.
All Timeframes available:
● Year
● 6 Month
● Quarter
● 2 Month
● Month
● 2 Week
● Week
● 2 Day
● Day
tinyurl.com
Predicting future outcomes is impossible. Nobody knows what the future will bring. With this Broadening Formation Indicator, you will have the edge you need to identify potentially profitable trading opportunities and make more informed decisions in the markets.
Regards,
Tren10x
Disclaimer: It is essential to note that returns on investments are not guaranteed, and investors should exercise prudence in conducting thorough due diligence before making any investment decisions
I would like to express my gratitude to my wife for her meticulous testing and insightful contributions throughout the course of this project. Additionally, I extend my appreciation to the esteemed Alpha Pack Group, whose exceptional acumen and investment expertise have been instrumental in the success of this endeavor.
Take Session High/Low Alert [MsF]Japanese below / 日本語説明は英文の後にあります。
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This indicator that displays High/Low lines for each session. The Key Levels of each session can be visually recognized, which is useful for PD Array analysis. You can display the last 3 days. Based on trinity by ICT.
The biggest feature is that the color shape of the line changes when reaching High/Low. Of course, you can also set alerts.
Unreached High/Low lines can be extended to the right. hides all timeframes over 1 hour. (alert is alive)
You can choose 4 sessions. If you only want to use 3 sessions, you can do that by setting the same session time for 2 of the 4 session settings.
About Parameter Settings
Session Time: Please set it to be a 24-hour cycle. You can also specify the time zone. The default is NY time.
Basis/Other color: The first time specified in "Session Time" in this indicator's parameter is the "Basis color". "Other color" is a line other than that.
Enable Time Lines: You can turn on/off the display of vertical lines.
High/Low color: High/Low line setting that has not been reached.
Taken color: High/Low line setting that has already been reached.
Extend Lines: Allows unreached High/Low lines to be extended to the right in the chart.
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セッションごとのHigh/Lowをライン表示するインジケーターです。
過去約３日分を表示することができます。
最大の特徴はHigh/Low到達時にラインの色形が変わることです。もちろんアラート設定も可能です。
未到達のHigh/Lowラインは右側に延長することができます。
チャート表示がビジーとなる為、1時間を超える時間足ではすべて非表示とする仕様です。（アラートは生きてます）
セッションは4つ指定できます。
もしセッションを3つのみ使用したい場合は、4つのセッション設定の内2つに同じセッション時間を設定することで実現可能です。
■パラメータ設定
Session Time：24時間周期となるように設定してください。またタイムゾーンが指定できます。デフォルトはNY timeです。
Basis/Other color：パラメータの"Session Time"にて一番最初に指定した時間が基準＝Basisとなります。Otherはそれ以外のラインとなります。
Enable Time Lines：垂直ラインの表示ON/OFFが可能です。
High/Low color：未到達のHigh/Lowライン設定となります。
Taken color：到達済みのHigh/Lowライン設定となります。
Extend Lines：未到達のHigh/Lowラインを右に延長できます。
Auto Unlimited Fibs 1.0Still in development, this indicator automatically draws unlimited Fibonacci Retracements so you don't have to keep manually drawing them.
Upwards moves are colored green by default and downward moves are colored red by default, idea being an upward move creates a green retracement level that may be an area to buy and vice versa for short moves. The retracements are drawn on every 3-bar swing high/low, this idea was taken from Inner Circle Trader (ICT). If the move then goes on to retrace past the 0.764 fib retracement, the move is mitigated. If a new high or low is put in the fib gets extended. The mitigation levels are customisable.
Also hides moves that are below a minimum size, as I don't like to see fibs of small moves, these are hidden based on a % of price, customisable in the script.
As the fibs get extended/mitigated and hidden you should end up with all the fibs that are still valid for a retracement.
There is a display option to draw shorter lines as things can get pretty messy with lots of fibs on one chart. Also, bigger moves have longer lines and are slightly brighter in color, shorter moves are shorter lines and duller in color.
Finally the user can customise the amount to show in each direction, so if you only want to see long moves set the Total Short Fibs To Show to 0, or choose 1 of each if you only want to see the most recent smallest fib.
Three Bar Gap (Simple Price Action - with 1 line plot)This script is tailored towards experienced traders who prefer to view raw price charts during live execution. It searches for a three-bar pattern of what is colloquially called "fair value gap", or "imbalance" and uses a single line to plot the results. The goal is to display price in a way that is as simple as possible so that chart readers who don't prefer to add indicators on their screen will still find this indicator as an acceptable option to consider for.
From a code perspective, this script explores a new PineScript feature called UDT (user-defined types). This is an incredible update because it brings developers one step close to having the ability to create abstract data types.
█ What is price action?
Experienced traders will tell you that the chart that they use for live execution is raw, clean, and uses no indicators. They say they execute on price action, so what exactly is price action?
There is no formal definition to it, but one can agree that it implies the process of analyzing price without considering the fundamentals, without needing to know what the news was about, and without needing to know any of the Greeks (except for the desire to “seek alpha” Ha.haa...). This is not to say that price action traders are executing in their own vacuums without the need to know what is happening around the world. Surely fundamentals and financial models can be used beforehand for developing a bias for what is being traded, but it’s price-first at the moment of execution. That said, Factor (A) is Price.
Factor (B) is time-perception, it’s how the trader reads the tape. How the trader perceives price to change with respect to time is valuable information. Interpretation of "time" will be elaborated in the next section that talks about candlestick patterns detected by this script.
Putting this together, price action means the analysis of price movement by only considering (A) price, and (B) time, to predict which direction the market will move. A speculative trader is timing the market with the expectation to make a quick in-and-out profit; she/she is using price action. On the other hand, a long term investor holding a diversified portfolio with a strategy based on modern portfolio theory combined with fundamental analysis (at this point candlesticks are irrelevant) but has one additional criteria of, say, can only go Long on a stock when it has closed Green on Daily; he/she is also considered to be executing on price action.
█ Candlestick patterns
This script calculates the displacement of highs and lows over three consecutive bars.
A) Down move = When High of the recent confirmed bar is lower than the Low of the previous-previous candle
B) Up move = When Low of the recent confirmed bar is higher than the High of the previous-previous candle
(Note that its the confirmed bar that is being talked about, so it does not repaint)
An ATR filter will be applied to reduce the number of lines generated as many times they might just be associated with minor price changes.
Interpretations:
When price moves quickly across three bars, it can be thought that it has gapped. Although the candle in the middle appears to be solid, it’s not from a conceptual perspective. This is because time itself is arbitrary; timeframes don’t necessarily have to be fixed intervals. Take stocks with regular trading hours for example, if price makes a breakaway gap and you bundle the after-hours and pre-market sessions together as one candle, never minding that intervals should be fixed, then you will see the exact three-bar-gap patterns. Similar happens during intraday sessions on lower timeframes, if you zoom-in closer, you’ll see that ticks within the middle candle are sparsely dispersed. This is why it's called a gap.
█ Parameters with fixed inputs & assumptions used:
ATR is used for filtering out minor movements that will likely be deemed as irrelevant by trader for the purpose of live execution. The following inputs are required:
A) ATR lookback period
B) Multiplier
The product of ATR(len=A) and B produces a threshold for minimum distance that price must gap by. Initially, it was proposed to be only based on one ATR, but often an ATR is too wide and using it will filter out too many lines. Because of this observation, a multiplier (Parameter B) has been introduced to allow users to apply fractional ATR as a threshold.
█ Applications:
For trend followers: Follow the direction of the gap. Entering above recent high/low points above/below the first impulse with a stop-limit order is a viable tactic.
For contrarians fading a trend: The mid-point is a good point of reference for predicting potential areas of support/resistance.
Opening Range & Daily and Weekly PivotsThis script is for a combination of two indicators: an Opening Range Breakout (ORB) indicator and a daily/weekly high/low pivot indicator. The ORB indicator displays the opening range (the high and low of the first X minutes of the trading day, where X is a user-defined parameter) as two lines on the chart. If the price closes above the ORB high, the script triggers an alert with the message "Price has broken above the opening range." Similarly, if the price closes below the ORB low, the script triggers an alert with the message "Price has broken below the opening range."
The daily/weekly high/low pivot indicator plots the previous day's high and low as well as the previous week's high and low. If the current price closes above yesterday's high or last week's high, the script triggers an alert with the messages "We are now trading higher than the previous daily high" and "We are now trading higher than the last week high", respectively. If the current price closes below yesterday's low or last week's low, the script triggers an alert with the messages "We are now trading lower than the previous daily low" and "We are now trading lower than the last week low", respectively.
In addition to the visual representation on the chart, the script also triggers alerts when the price crosses any of these levels. These alerts are intended to help traders make decisions about entering or exiting trades based on the price action relative to key levels of support and resistance.
CPR - Central Pivot Range (by Alex L.)CPR or Central Pivot Range is a tool for identifying a trend, its volatility and its future targets for the price levels (in up or down directions).
What this indicator offers:
- Main purpose of this indicator is to display levels of support/resistance in a given trend as potentially good levels of entering into position or existing from a position. Entry levels are RED, resistance levels are in GREEN.
- You have the ability to view daily, weekly, monthly pivot levels, depending on what kind of trader you are.
- Unique to this indicator - you have the ability to view YEARLY pivot levels.
- Unique to this indicator - you have the "Pivots History" option to either show all history or just the recent piriod to make your chart clean of "noise".
- Unique to this indicator - you can view "future" pivot levels based on current price.
- You have the ability to view "future pivots" which can be useful as entry or exit levels for the current trend.
- You have the ability to view one, two, three or four pivor levels concurrently depending on how much information you want on your chart.
- You have the option to use "Compact View" to further reduce "noise" and make your chart event more clean.
- Open source.
Some guidelines:
- When current Central Pivot Range is higher than previous Central Pivot Range then the stock is in an uptrend and vice versa.
- Wide Central Pivot Range usually means the stock is in a "sideways trend" and volatility is low.
- Tight Central Pivot Range usually means the stock has a very low volatility and is about to explode (up or down). Switching to a higher timeframe can often give hints to what direction the stock is likely to go.
Default settings:
- Pivot Levels : "Two Pivot Levels"
- Filter/Hide Pivots: "Hide Pivot+BC+TC"
- Pivots History: "Few Months Back"
'V' Show Monthly Pivots
'V' Show Future Pivots
Calculations of pivot levels formula is according to book "Secrets of a Pivot Boss" by Franklin O. Ochoa.
Quote from the book: "The way to make money is to make it. The way to make big money is to be right at exactly the right time."
Open source.
Enjoy!
Bounce Price Detector ~ By mohx_404꧁༺ 𝓑𝓸𝓾𝓷𝓬𝓮 𝓟𝓻𝓲𝓬𝓮 𝓓𝓮𝓽𝓮𝓬𝓽𝓸𝓻 𝓘𝓷𝓭𝓲𝓬𝓪𝓽𝓸𝓻 ༻꧂
* Hi everybody here's the ★彡 𝓑𝓸𝓾𝓷𝓬𝓮 𝓟𝓻𝓲𝓬𝓮 𝓓𝓮𝓽𝓮𝓬𝓽𝓸𝓻 𝓘𝓷𝓭𝓲𝓬𝓪𝓽𝓸𝓻 彡★ indicator and how to use it :
彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡
First : Depending on Pivot (HH,LL), the two possible price Correction appears on chart if the price under the Correction levels it would be a Resistance levels and to entry there candle must close above the levels, you can use Replay Mod to get the previous price Correction levels
And Here's Some Example : The price make a new HH,LL and new levels appears on chart but the price didn't confirm a bounce signale and close above the first level
So in next candle the price brake the levels and drop down :
Then a new HH,LL and new levels appears on chart and the price back to the lower levels as a Resistance Levels but when it's close above the levels and test it again it become a Support levels and price bounce again
Here's another example when price go above the levels , test it and bounce again
About The levels : depending on Fibonacci golden rate
░▒▓█ 𝐍𝐨𝐭𝐞 : You could change the pivots the value 10 for low time frame and
scalping for higher time frame you could increase the pivots value or keep it as you want █▓▒░
Zig Zag Stochastic (ZZS)The "Zig Zag Stochastic" indicator is an indicator that uses a combination of zigzag pivot points and exponential smoothing to calculate a stochastic-like oscillator.
The indicator starts by identifying pivot high and pivot low points in the price data using the Zigzag indicator. These pivot points are then used to calculate the scale_price, which is a ratio of the current close price to the range between the current pivot high and pivot low.
Next, the scale_price is smoothed using exponential smoothing. The user can input the desired length of the smoothing period, with a default value of 14. If the user sets the smoothing length to 0, the indicator will automatically calculate the optimal smoothing length using the MAMA period calculation from the Dominant Cycle Estimators library.
The smoothed scale_price is then used to calculate two lines: the K-line and the D-line, both of which are also smoothed using exponential smoothing. The K-line is the main oscillator line and is similar to the %K line in a traditional stochastic oscillator. The D-line is a signal line, similar to the %D line in a traditional stochastic oscillator.
The indicator plots the smoothed scale_price, the K-line, and the D-line. Additionally, it includes horizontal lines at the 80 and 20 levels, and fills the area between them to help identify overbought and oversold conditions.
Dynamic Fibonacci RetracementA simple fibonacci retracement tool that dynamically updates itself based on current price and previous retracement values.
Features the essential aspects of the built-in tool and more.
Auto Trendline
Auto Reversal
Auto Level Adjustment
Labels indicating retracement value
Customizable lookback range
The top and bottom levels will auto-adjust according to where price currently is, which will also affect fibonacci levels as it progresses.
Trading ChannelTrading Channel aims to be a canvas on which to develop any strategy that the user feels comfortable with.
The greatest utility of the script lies in the fact that it plots a channel over the price action, as a support and resistance pivot, within which the price action develops.
It is a script of maximum simplicity in concept and development, but at the same time presents robust support to the price action and a quick visual aid complementary to any indicators that the user works with, feels comfortable with, and uses as a basis for their strategies.
The script includes the following features (most of them disabled by default, available for potential use without the need to add additional indicators):
Fast SMA
Medium SMA
Slow SMA (disabled)
Fast EMA (disabled)
Medium EMA (disabled)
Slow EMA (disabled)
Pivot
Pivot SMA
P Multiplier
Set of resistance and support pivots according to the studies of John L. Person (R3, R2, R1, S1, S2, S3 and midpoints) (disabled by default)
Channel for the current time period in use
Channels for extended time periods (disabled by default)
Various trend, momentum, and overbought/oversold indicating labels (note that the calculations for their representation are based on SMA's even though EMA's are visualized).
SMA's/EMA's
Both are available as both are used as basic indicators for different types of strategies. The default selection of SMA's in this case is based on the fact that the script development is largely based on the studies shared by John L. Person in the area of pivots and by Bill Williams in the area of fractals. Note also that for that same reason the various trend, momentum, and overbought/oversold indicating labels are calculated based on them.
Set of resistance and support pivots
They are included as a consultation tool especially for the higher time periods. They can be used to mark the most interesting supports/resistances and not lose sight of them while operating in lower time periods. Marking monthly, weekly, and daily pivots can be very useful. Additionally, marking S1 and R2 for bullish trends, S1 and R1 for ranges, and S2 and R1 for bearish trends can provide an even more precise framework to work on.
P Multiplier
It is set by default at 4, and is the basis for being able to consider during the use of a specific time frame, the price action with respect to higher time frames. It is the multiplier used for the generation of channels for extended time periods.
Channel for the current time period in use
It is a channel formed by the maximum and minimum closing of the last 21 periods. This value is modifiable and its adjustment depends on the asset under study. 24/7 markets show good results with this adjustment (in the case of BTC really good).
This channel represents a pivot in the form of a yellow middle line, with its support and resistance extremes on the upper green and lower red lines. The same green and red lines, referenced this time to the maximum, are added and serve as possible stop-loss marks.
Channels for extended time periods
Enabling the maximum and minimum channels for extended periods can provide a better idea of the price situation (it is recommended to disable the channel in use and enable the upper one for consultation, it provides a better vision).
Identifying labels:
Following a summary explanation for possible long entries, the same but opposite should be considered for possible short entries:
Small green arrow under candle: indicates possible upward trend (pivot above pivot SMA)
Large green arrow under candle: indicates upward trend (pivot above pivot SMA and above fast SMA)
Green triangle over candle: indicates channel breakout, possible upward momentum (represented as a fractal as its concept is the same)
Green/red arrows at the bottom of the chart: intended to confirm the validity of a signal (should doubt green indications with red lower arrow and vice versa)
Green/red dots at the bottom of the chart: red represents areas of strong resistance and green signals of strong support (with red dots, proceed with caution despite green signals, and vice versa)
Comments
It is emphasized that the basic and most useful functionality of this script is to provide a reliable base on which to develop any strategy, as a framework for working.
If the identifying labels are used, it should be taken into account that the earliest will always be the most reliable and valuable, but their confirmation will always depend on the user's strategy.
Its use in conjunction with the "Pivot Position for Trading Channel" indicator can serve as a base for the development of different strategies, by providing indication of the relative position of the price within the channel.
This script is just a consultation tool with didactic goals, it should not be used as an investment recommendation and the information provided should not be relied upon as such.
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Trading Channel pretende ser un lienzo sobre el que desarrollar cualquiera que sea la estrategia con la que el usuario se sienta más cómodo.
La mayor utilidad del script radica en que se traza sobre la acción del precio un canal, a modo de pivotes de soporte y resistencia, dentro del cual se desarrolla la acción del precio.
Se trata de un script de máxima sencillez en concepto y desarrollo, pero que a la vez presenta un soporte robusto a la acción del precio y una ayuda rápida visual complementaria a cualquieras que sean los indicadores con los que el usuario trabaje, se sienta más cómodo y utilice como base de sus estrategias.
El script incluye las siguientes funcionalidades (la mayoría desactivadas por defecto, disponibles para su potencial uso sin necesidad de añadir indicadores adicionales):
- SMA rápida
- SMA media
- SMA lenta (desactivada)
- EMA rápida (desactivada)
- EMA media (desactivada)
- EMA lenta (desactivada)
- Pivote
- SMA de pivote
- Multiplicador de P
- Conjunto de pivotes resistencia y soporte de acuerdo a los estudios de John L. Person (R3, R2, R1, S1, S2, S3 y puntos medios) (desactivados por defecto)
- Canal para el periodo temporal en uso
- Canales para periodos temporales extendidos (desactivados por defecto)
- Diversas etiquetas indicativas de cambios de tendencia, de impulso y de sobrecompra y sobreventa (nótese que los cálculos para su representación están basados en SMA's aunque se visualicen EMA's).
SMA's/EMA's
Ambas disponibles pues tanto unas como otras son utilizadas como indicadores básicos para diferentes tipos de estrategias. La selección de SMA's por defecto en este caso se basa en que las bases para desarrollo del script son en gran medida los estudios compartidos por John L. Person en el área de pivotes y de Bill Williams en el área de los fractales. Nótese también que por esa misma razón las diversas etiquetas indicativas de cambios de tendencia, impulso y sobrecompra/sobreventa se calculan en base a ellas.
Conjunto de pivotes resistencia y soporte
Se incluyen como herramienta de consulta sobre todo para los periodos temporales más altos. Pueden utilizarse para marcar los soportes/resistencias de más interés y no perderlos de vista mientras se opera en periodos de tiempo más bajos. De acuerdo a los estudios de John L. Person, marcarse los pivotes mensuales, semanales y diarios puede resultar de mucha utilidad. Adicionalmente, marcar S1 y R2 para tendencias alcistas, S1 y R1 para rangos, y S2 y R1 para tendencias bajistas puede proporcionar un marco aún más preciso sobre el que trabajar.
Multiplicador de p
Está fijado por defecto en 4, y es la base para poder considerar durante el uso de una franja temporal concreta, la acción del precio respecto a franjas temporales superiores. Es el multiplicador utilizado para la generación de los canales para periodos temporales extendidos.
Canal para el periodo temporal en uso
Se trata de un canal conformado por los cierres máximos y mínimos de los últimos 21 periodos. Este valor es modificable y su ajuste depende del activo en estudio. Mercados 24/7 muestran buenos resultados con este ajuste (en el caso de BTC realmente buenos).
Este canal representa en cierta manera un pivote en forma de línea intermedia amarilla, con sus extremos de soporte y resistencia en las líneas verdes superior y roja inferior. Se añaden las mismas líneas verdes y rojas, referenciadas esta vez a los máximos, que sirven como posibles marcas de stop-loss.
Canales para periodos temporales extendidos
Habilitar los máximos y mínimos de canales de periodos extendidos puede proporcionar una mejor idea de la situación del precio (se recomienda deshabilitar el canal en uso y habilitar el superior para consulta, proporciona una mejor visión).
Etiquetas identificativas:
A continuación explicación resumida para posibles entradas en largo, lo mismo pero de modo opuesto debería considerarse para posibles entradas en corto:
Flecha verde pequeña bajo vela: indica inicio de tendencia en alza (pivote por encima de SMA de pivote y ambos por encima de SMA rápida)
Flecha verde grande bajo vela: indica tendencia en alza (pivote por encima de SMA de pivote y ambos por encima de SMA rápida y media)
Triángulo verde sobre vela: indica rotura de canal, posible impulso al alza (representado a modo de fractal pues su concepto es el mismo)
Flechas verdes/rojas a pie de gráfico: pretenden confirmar la validez de una señal (debería dudarse de las indicaciones verdes con flecha inferior roja y viceversa)
Puntos verdes/rojos a pie de gráfico: los rojos representan áreas de fuerte resistencia y los verdes de fuerte soporte (con puntos rojos, proceder con cautela pese a señales verdes, y viceversa)
Comentarios
Se insiste en que la funcionalidad básica y de mayor utilidad de este script es proporcionar una base confiable sobre la que desarrollar cualquier estrategia, a modo de marco de trabajo.
Si se hace uso de las etiquetas identificativas, debe tenerse en cuenta que las más prematuras siempre serán las más confiables y valiosas, pero que su confirmación siempre dependerá de la estrategia por parte del usuario.
Su uso en conjunción al indicador "Pivot Position for Trading Channel" puede servir de base para el desarrollo de diferentes estrategias, al proporcionar indicación de la posición relativa del precio dentro del canal.
Este script es solo una herramienta de consulta con objetivos didácticos, no debe ser utilizado como recomendación de inversión y no se debe confiar en ella como tal.
Cuban's Ecosystem Spaghetti [CE]Cuban's Ecosystem Spaghetti is an overlay indicator for multiple assets to track the returns of highly correlated markets, spreads, and ecosystems.
The tool provides three different viewing modes for returns; a rolling bar lookback, a specific data and time anchor, and a visible range -- similar to the native Tradingview 'Compare' tool.
Included are pre-built lists for over 200+ Binance and Bybit Futures assets, along with custom watchlist support for as many assets as your browser can handle. This gives the trader the ability to monitor entire markets within a single charting window.
We have also added an optional table to the right of the screen so that the trader can clearly see outperforming assets. This table is toggleable using radio buttons within the Style menu.
To improve asset visibility, the script also calculates the 'long tail' of the list distribution and automatically lowers the visibility of clustered assets in the centre.
While the Compare tool only allows for % returns and absolute value on the chart asset or separate scale, Cuban's Ecosystem Spaghetti allows the trader to overlay the assets with their returns based on the current chart ticker price scale. This gives the trader the ability to watch asset movement in low timeframe, relative to their portfolio benchmark or merely, the asset of the day.
Within the user inputs, the user gains the ability to customize the following:
Returns lookback mode
Rolling lookback period
Timezone and time anchor
Percentage of assets highlighted
Dynamic label offset
Asset lists
TO DO:
Add additional viewing modes
Further optimization
Pivot High/Low ComparisonThis script will show you at a glance the following trends:
Higher Highs (Green line on top)
Lower Highs (Red line on top)
Higher Lows (Green line on bottom)
Lower Lows (Red line on bottom)
It utilizes the Pivot High and Pivot Low functions to determine if the previous pivot was higher or lower than the current pivot .
Daily Number/Trend Reversal IndicatorIndicator identifies potential price trend exhaustion.
Compares this period against the 4th prior period for the condition.
9 periods (or more) with the same condition is an indicator that the trend is ending soon.
LiquidationsFirst, thanks to the following Tradingview community members for providing open source indicators that I used to develop this indicator!
Liquidations by volume (spot/futures) - @Thomas_Davison
Pivot and liquidation lines - @lmatl
Let me know if either of you do not approve and I will remove the indicator.
This indicator uses pivot points, volume and a liquidation percentage to determine potential liquidation levels. These are not exact but can give traders an idea of potential support or resistance levels.
Pivot points: Currently the pivot points are set to look left 5 bars and right 2 bars. This will determine the high and lows in the chart.
Volume: Assuming that high volume bars are where more leverage is used, this indicator uses the average volume over a 1000 bar period to determine to determine a baseline. I have arbitrarily set 100x lines to 20% above the average volume, 50x lines 10% above, 25x lines 5% above, 10x lines 2.5% above and 5x lines 1.25% above.
Liquidation: Finally, we are making a few assumptions on how liquidations are calculated. The following table includes the percentage a position can decline before being liquidated.
Short: Long:
100x 0.51% 0.49%
50x 1.55% 1.47%
25x 3.70% 3.38%
10x 5.11% 4.67%
5x 6.705% 6.115%
Let me know if there are any questions or if anyone has any improvements!
Bagang Pivot Zones | Supply & Demand, Support & ResistanceBagang Pivot Zones detects imbalances from classic reversal and momentum price actions.
Imbalances create pivot zones, a.k.a Supply & Demand / Support & Resistance / Orderblock zones.
Use Cases
1. Traders using Supply & Demand theory can quickly pinpoint imbalance zones created by BUY-to-SELL and SELL-to-BUY candles.
2. Trend Following traders can systematically catch and follow a trend based on pivot zones analysis.
3. Breakout traders can easily target pivot zones’ breakout and breakdown.
4. Take the guesswork out of risk management: manage stop-loss precisely behind pivot zones.
5. Analyze contrary pivot zones to set realistic profit targets.
Objectivity
By only comparing OHLC values to identify notable price actions, Bagang Pivot Zones avoids derived calculations with subjective parameters.
Chart Issue
If the chart zooms out after adding an indicator, right-click the price scale and toggle "Scale price chart only” on.
Theory Affinity TrendlinesThis indicator is perfect for traders who want to identify trend lines on a chart. It draws higher low uptrends and lower high downtrends, making it easy to see where the trend is going. You can also customize the settings to fit your needs, making it the perfect tool for your trading arsenal.
With this new tool, you can easily customize your experience to get the most out of your trading and analysis. With options like max lines, strength multiplier, pivot plots/text, and more, you can easily create the perfect trading analysis environment.
So why wait? Try it out today!
Leave feedback and let me know what you think.
// ############################################################################################## Input Descriptions
Pivot Left ----------------- look left n bars
Pivot Right ---------------- look right n bars
Strength ------------------- Pivot multiplier (Higher = Wider Trend lines)
Max Lines ------------------ Number of lines for each Uptrend and Downtrend
Structure Text ------------ Show HH, LL, etc. on chart
Structure Markers -------- Dots at the Pivot Highs and Lows
Plots ------------------------ Draw a line at Pivot Highs and Lows
Last Up Width ------------- Width of the current Uptrend line
Historical Up Width ------ Width of previous Uptrend lines
Last Down Width --------- Width of the current Downtrend lines
Historical Down Width --- Width of previous Downtrend lines
Line Offset ---------------- Shift trend lines right or left
* Lines may or may not "repaint". For use to identify trends that are more than likely already established and to identify trend line breaks.
Gann Spiral / Square of 9The Gann Spiral, more commonly known as the Square of 9 is one of the most well known tools that Gann used. Today, it is most commonly used to find possible support and resistance levels, and possible reversals in time.
This indicator is a more flexible version of the traditional Gann Spiral / Square. This is achieved by allowing you to change:
Price and Time direction
The timeframe
How often to draw lines based on degrees
Toggles for Price and Time
Price and Time line customization
How to use:
1 - Select your desired starting value of Price and Time.
2 - Choose the direction of Price and Time.
3 - Choose the amount of lines to display.
4 - Choose how often for lines to be drawn (Rotation Degree Value).
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Side Note:
This uses a more proper and more accurate formula to "navigate the square". (Sqr x + 2)^2 is not the formula used, but rather (Sqr x + 1)^2.
If you wish to use the formula you're used to, change Full Revolution Value to 180.
The reasoning behind this formula change is because I re-created the square in the form of an actual spiral. The issue with such a conversion is that the formula used to construct it uses one Pi. If you understand circles, you should know that we're off by 180 degrees. A full rotation is 360, not 180.
Correcting for this error requires a slight but important change in the formula, that being +1 instead of +2. This not only corrects it to fit for a proper spiral, but also makes it easier to use fractions. 1/360 results in 1 degree. This slight formula change makes it incompatible when used on the actual Square of 9, however it is technically the more accurate formula.
Custom "ZickZack" for price lines|Tradingview wants a Description|
The Indicator Helps with finding:
- higher highs
- lower highs
- lower lows
- higher lows
- trends
It also shows with a triangle what candle confirmed the Pivot points
And it just looks fancy (my opinion)
