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Heikin Ashi and Optimized Trend Tracker and PVSRA [Erebor]Heikin Ashi Candles Let's consider a modification to the traditional “Heikin Ashi Candles” where we introduce a new parameter: the period of calculation. The traditional HA candles are derived from the open , high low , and close prices of the underlying asset. Now, let's introduce a new parameter, period, which will determine how many periods are considered in the calculation of the HA candles. This period parameter will affect the smoothing and responsiveness of the resulting candles. In this modification, instead of considering just the current period, we're averaging or aggregating the prices over a specified number of periods . This will result in candles that reflect a longer-term trend or sentiment, depending on the chosen period value. For example, if period is set to 1, it would essentially be the same as traditional Heikin Ashi candles. However, if period is set to a higher value, say 5, each candle will represent the average price movement over the last 5 periods, providing a smoother representation of the trend but potentially with delayed signals compared to lower period values. Traders can adjust the period parameter based on their trading style, the timeframe they're analyzing, and the level of smoothing or responsiveness they prefer in their candlestick patterns. Optimized Trend Tracker The "Optimized Trend Tracker" is a proprietary trading indicator developed by TradingView user ANIL ÖZEKŞİ. It is designed to identify and track trends in financial markets efficiently. The indicator attempts to smooth out price fluctuations and provide clear signals for trend direction. The Optimized Trend Tracker uses a combination of moving averages and adaptive filters to detect trends. It aims to reduce lag and noise typically associated with traditional moving averages, thereby providing more timely and accurate signals. Some of the key features and applications of the OTT include: • Trend Identification: The indicator helps traders identify the direction of the prevailing trend in a market. It distinguishes between uptrends, downtrends, and sideways consolidations. • Entry and Exit Signals: The OTT generates buy and sell signals based on crossovers and direction changes of the trend. Traders can use these signals to time their entries and exits in the market. • Trend Strength: It also provides insights into the strength of the trend by analyzing the slope and momentum of price movements. This information can help traders assess the conviction behind the trend and adjust their trading strategies accordingly. • Filter Noise: By employing adaptive filters, the indicator aims to filter out market noise and false signals, thereby enhancing the reliability of trend identification. • Customization: Traders can customize the parameters of the OTT to suit their specific trading preferences and market conditions. This flexibility allows for adaptation to different timeframes and asset classes. Overall, the OTT can be a valuable tool for traders seeking to capitalize on trending market conditions while minimizing false signals and noise. However, like any trading indicator, it is essential to combine its signals with other forms of analysis and risk management strategies for optimal results. Additionally, traders should thoroughly back-test the indicator and practice using it in a demo environment before applying it to live trading. PVSRA (Price, Volume, S&R Analysis) “PVSRA” (Price, Volume, S&R Analysis) is a trading methodology and indicator that combines the analysis of price action, volume, and support/resistance levels to identify potential trading opportunities in financial markets. It is based on the idea that price movements are influenced by the interplay between supply and demand, and analyzing these factors together can provide valuable insights into market dynamics. Here's a breakdown of the components of PVSRA: • Price Action Analysis: PVSRA focuses on analyzing price movements and patterns on price charts, such as candlestick patterns, trendlines, chart patterns (like head and shoulders, triangles, etc.), and other price-based indicators. Traders using PVSRA pay close attention to how price behaves at key support and resistance levels and look for patterns that indicate potential shifts in market sentiment. • Volume Analysis: Volume is an essential component of PVSRA. Traders monitor changes in trading volume to gauge the strength or weakness of price movements. An increase in volume during a price move suggests strong participation and conviction from market participants, reinforcing the validity of the price action. Conversely, low volume during price moves may indicate lack of conviction and potential reversals. • Support and Resistance (S&R) Analysis: PVSRA incorporates the identification and analysis of support and resistance levels on price charts. Support levels represent areas where buying interest is expected to be strong enough to prevent further price declines, while resistance levels represent areas where selling interest may prevent further price advances. These levels are often identified using historical price data, trendlines, moving averages, pivot points, and other technical analysis tools. The PVSRA methodology combines these three elements to generate trading signals and make trading decisions. Traders using PVSRA typically look for confluence between price action, volume, and support/resistance levels to confirm trade entries and exits. For example, a bullish reversal signal may be considered stronger if it occurs at a significant support level with increasing volume. It's important to note that PVSRA is more of a trading approach or methodology rather than a specific indicator with predefined rules. Traders may customize their analysis based on their preferences and trading style, incorporating additional technical indicators or filters as needed. As with any trading strategy, risk management and proper trade execution are essential components of successful trading with PVSRA. The following types of moving average have been included: "SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA", "HMA", "KAMA", "LSMA", "TRAMA", "VAR", "DEMA", "ZLEMA", "TSF", "WWMA". Thanks to the authors. Thank you for your indicator “Optimized Trend Tracker”. © kivancozbilgic Thank you for your indicator “PVSRA Volume Suite”. © creengrack Thank you for your programming language, indicators and strategies. © TradingView Kind regards. © Erebor_GIT
Indicatore Pine Script®
di Erebor_GIT
1
Peak & Valley Levels [AlgoAlpha]The Peak & Valley Levels indicator is a sophisticated script designed to pinpoint key support and resistance levels in the market. By utilizing candle length and direction, it accurately identifies potential reversal points, offering traders valuable insights for their strategies. Core Components: Peak and Valley Detection: The script recognizes peaks and valleys in price action. Peaks (potential resistance levels) are identified when a candle is longer than the previous one, changes direction, and closes lower, especially on lower volume. Valleys (potential support levels) are detected under similar conditions but with the candle closing higher. Color-Coded Visualization: Red lines mark resistance levels, signifying peaks in the price action. Green lines indicate support levels, representing valleys. Dynamic Level Adjustment: The script adapts these levels based on ongoing market movements, enhancing their relevance and accuracy. Rejection Functions: Bullish Rejection: Determines if a candlestick pattern rejects a level as potential support. Bearish Rejection: Identifies if a pattern rejects a level as possible resistance. Usage and Strategy Integration: Visual Aid for Support and Resistance: The indicator is invaluable for visualizing key market levels where price reversals may occur. Entry and Exit Points: Traders can use the identified support and resistance levels to fine-tune entry and exit points in their trading strategies. Trend Reversal Signals: The detection of peaks and valleys serves as an early indicator of potential trend reversals. Application in Trading: Versatile for Various Trading Styles: This indicator can be applied across different trading styles, including swing trading, scalping, or trend-following approaches. Complementary Tool: For best results, it should be used alongside other technical analysis tools to confirm trading signals and strategies. Customization and Adaptability: Traders are encouraged to experiment with different settings and timeframes to tailor the indicator to their specific trading needs and market conditions. In summary, the Peak & Valley Levels by AlgoAlpha is a dynamic and adaptable tool that enhances a trader’s ability to identify crucial market levels. Its integration of candlestick analysis with dynamic level adjustment offers a robust method for spotting potential reversal points, making it a valuable addition to any trader's toolkit.
Indicatore Pine Script®
di AlgoAlpha
15
Top and Bottom Identifier [digit23]This indicator is designed to identify potential market tops and bottoms based on customizable conditions. It employs price action analysis, considering candlestick patterns, body size, and recent price history. Traders can adjust parameters like the threshold multiplier and body size multiplier to fine-tune sensitivity. Features: Identifies potential tops and bottoms. Customizable threshold and body size multipliers. Utilizes price action analysis exclusively. User-friendly and visually represented on the chart. Usage: Red Triangles: Indicate potential market tops. Green Triangles: Indicate potential market bottoms. Parameters: Threshold Multiplier: Adjusts sensitivity. Body Size Multiplier: Controls the significance of candlestick body size. Note: This indicator is for traders preferring price action analysis to identify potential reversals. It's recommended to use alongside other technical analysis tools for comprehensive trading decisions. Disclaimer: Trading involves risk; thorough analysis is crucial before making decisions. This indicator is a tool for technical analysis and should be part of a broader trading strategy.
Indicatore Pine Script®
di digit23
4
Contraction Box & Doji LinesContraction & Doji Lines indicator is designed to identify and visualize potential support and resistance levels on a price chart. It does this by detecting doji candlestick patterns and drawing horizontal lines from the middle of the doji bodies to the right. Additionally, it also highlights price contraction zones with colored boxes. The indicator first identifies doji candlestick patterns that it suggests indecision in the market, a horizontal line and these horizontal lines can act as potential support or resistance levels. Traders can observe price reactions around these lines. If the price approaches a line and bounces off it, it may indicate a significant level in the market. In addition to doji lines, this indicator also highlights price contraction zones. When a contraction zone is detected, a colored box is drawn to highlight this zone. The box extends from the fifth bar ago (left side) to the current bar (right side), with the highest high and lowest low of the identified zone. The color and width of this box can be customized using the "Box Line Border Color," "Box Background Color," and "Box Width" parameters. A possible strategy could be can use the doji lines as potential support and resistance levels to make trading decisions. For example, if the price breaks above a doji line and holds, it may indicate a bullish signal. The colored boxes highlight areas of price contraction, which often precede significant price movements. Traders can use these zones to anticipate potential breakouts or breakdowns. For example, you might enter a long (buy) position if it anticipate a breakout from a contraction zone with a target price set above the breakout level. Conversely, you might enter a short (sell) position if they anticipate a breakdown from a contraction zone with a target price set below the breakdown level.
Indicatore Pine Script®
di AleSaira
6
Engulfing Box & LinesThe "Engulfing Box & Lines" indicator aims to spot and highlight Engulfing candlestick patterns within a trend. These patterns can provide valuable indications of a possible trend reversal, and the indicator underlines them through the use of colored rectangles and horizontal lines. To fully understand the functioning and use of this indicator, let's explore its key elements and associated strategies. Identification of Engulfing Patterns: The indicator focuses on detecting two types of Engulfing candles: Bullish Engulfing: Occurs when a bullish candle (open lower than close) completely encloses the body of the previous bearish candle. This could indicate a possible upside reversal. Bearish Engulfing: Occurs when a bearish candle (opening higher than closing) entirely engulfs the body of the previous bullish candle. This could signal a potential bearish reversal. Using the EMA 200: The indicator uses the 200-period Exponential Moving Average (EMA) as a reference to determine the position of the candles with respect to the long-term trend. When the price is above the 200 EMA, the bullish Engulfing candles are highlighted with a green box, while below the 200 EMA, red boxes are shown for the bearish Engulfing candles. Size of Boxes and Lines: The colored boxes represent the size of the body of the candle that caused the Engulfing. Additionally, a horizontal line is drawn close to the body of the candle, serving as the fulcrum of the indicator. Trading Strategies: This indicator can be used for different trading strategies: Trend Continuation: During a positive trend, the onset of an engulfing pattern suggests a possible continuation of the trend. The horizontal lines represent potential support areas, where the price could bounce. Traders might consider buying during such bounces. Retracements and Entries: Lines can act as support or resistance zones, depending on the trend. When the price approaches a line, a retracement could occur. Traders might move to a lower timeframe to spot entry signals, using the line as a reference. Closing Positions: Lines could also be used to define exit levels. For example, a trader might decide to exit a position when the price approaches a resistance line. Confirmations with Other Indicators: The indicator could be used in conjunction with other technical tools, such as oscillators or candlestick analysis, to confirm signals and improve the accuracy of trading decisions.
Indicatore Pine Script®
di AleSaira
3 Line Strike MTF [MsF]Japanese below / 日本語説明は英文の後にあります。 ------------------------- *This indicator is based on TheTrdFloor's "3 Line Strike ". It's a very cool indicator. thank you. In addition to the original indicator, it will be judged Engulfing only when the display of the MTF signal and the candle have a difference of 2 times or more. === Function description === 1. Display of the MTF signal Detects Engulfing of the specified Multi Time Frame. MTF Engulfing is displayed with 🍆 and 🍑. 2. Judged Engulfing on a difference of 2 times or more Show a signal if the body of the current candle is more than twice as large as the body of the previous candle. This will make the signal mark appear larger than normal. === Parameter description === - COMMON SETTING - Show Signal on MTF ? … If the check this, you can get MTF 3 Line Strike - Judge Double Engulfing ? … If you check it, the signal will come up only when the Engulfing has doubled or more. - 3 LINE STRIKE - Show Bearish 3 Line Strike … The Bearish 3 Line Strike (3LS-Bear) is a candlestick pattern comprised of 3 bullish (green) candles, followed by a bearish engulfing candle (see 'Big A$$ Candles' below). This pattern tends to be best used as a signal of the end of a retracement period as part of a trend continuation strategy. Default: Checked - Show Bullish 3 Line Strike … The Bullish 3 Line Strike (3LS-Bull) is a candlestick pattern comprised of 3 bearish (red) candles, followed by a bullish engulfing candle (see 'Big A$$ Candles' below). This pattern tends to be best used as a signal of the end of a retracement period as part of a trend continuation strategy. Default: Checked - BIG A$$ CANDLES - Show Bearish Big A$$ Candles … Bearish 'Big A$$ Candles' are the same as Bearish Engulfing candles. - Show Bullish Big A$$ Candles … Bullish 'Big A$$ Candles' are the same as Bullish Engulfing candles. ------------------------- 本来のインジケーターに、①MTFシグナルの表示と②ローソク足の表示に2倍以上の差がある場合のみ包み足の判定を追加しました。 === 機能説明 === 1. MTFシグナルの表示 指定された時間足の包み足を検出します。 🍆 と 🍑 で表示されます。 2. 2倍以上の差で包み足判定 現在のローソクの実体が前のローソクの実体よりも 2 倍以上大きい場合にシグナルを表示します。マークは通常よりも大きく表示されます。 === パラメータの説明 === - COMMON SETTING - Show Signal on MTF ? … MTFシグナルを表示します - Judge Double Engulfing ? … 包み足が前の足の2倍以上になった場合のみシグナルを発報します - 3 LINE STRIKE - Show Bearish 3 Line Strike … 陰線が3連続続いた後の包み足を検出します - Show Bullish 3 Line Strike … 陽線が3連続続いた後の包み足を検出します - BIG A$$ CANDLES - Show Bearish Big A$$ Candles … 陽線の包み足を検出します - Show Bullish Big A$$ Candles … 陰線の包み足を検出します
Indicatore Pine Script®
di Trader_Morry
3
Price Percentage Breakout by Time PeriodDescription: The Price Percentage Breakout by Time Period (P%BTP) indicator is a technical analysis tool designed to identify potential breakout signals based on the percentage change in price over a specified lookback period. It helps traders identify significant price movements that exceed a user-defined threshold, indicating potential trading opportunities. How it Works: The P%BTP indicator calculates the percentage change between the open and close prices of each candle. It compares this percentage change to the highest percentage change observed over the specified lookback period. When the percentage change exceeds or equals this highest value, it indicates a potential breakout signal. The indicator colors the bars on the chart based on whether it's a bullish or bearish breakout. Usage: To effectively utilize the Price Percentage Breakout by Time Period indicator, follow these steps: 1. Apply the P%BTP indicator to your chart by adding it from the available indicators. 2. Customize the input settings to suit your preferences. You can define the lookback period, which determines the number of bars used for calculating the percentage change, as well as choose colors for bullish and bearish breakouts. 3. Observe the bars on the chart: - Bars highlighted in the bullish color indicate potential bullish breakout signals. - Bars highlighted in the bearish color indicate potential bearish breakout signals. 4. Interpret the breakout signals: - A bullish breakout signal occurs when the percentage change in price exceeds or equals the highest percentage change observed over the lookback period, indicating a potential upward movement. - A bearish breakout signal occurs when the percentage change in price exceeds or equals the highest percentage change observed over the lookback period, indicating a potential downward movement. 5. Consider additional analysis: - Combine the breakout signals from the P%BTP indicator with other technical analysis tools, such as support and resistance levels, trend lines, or candlestick patterns, to confirm potential trade setups. 6. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital. Note: The Price Percentage Breakout by Time Period indicator provides insights into potential breakout signals based on the percentage change in price over a specified lookback period. However, it is recommended to use this indicator in conjunction with other technical analysis tools and perform thorough analysis before making trading decisions.
Indicatore Pine Script®
di maybethatguy
2
Price Percentage Breakout by Chosen PercentageDescription: The Price Percentage Breakout indicator (P%B) is a technical analysis tool designed to identify potential breakout signals based on percentage changes in price. It helps traders identify significant price movements that exceed a specified threshold, indicating potential trading opportunities. How it Works: The Price Percentage Breakout indicator calculates the percentage change between the open and close prices of each candle. It compares this percentage change to a user-defined threshold to determine if a breakout has occurred. When the percentage change exceeds the threshold, indicating a significant price movement, the indicator highlights the breakout on the chart. Additionally alerts can be created by the user that display the percentage of the breakout. Usage: To effectively utilize the Price Percentage Breakout indicator, follow these steps: 1. Apply the P%B indicator to your chart by adding it from the available indicators. 2. Customize the input settings to suit your preferences. You can choose the color for highlighting the breakout and set the percentage threshold for detecting breakouts. 3. Observe the bars on the chart: - Bars highlighted in the chosen color indicate potential breakout signals. 4. Interpret the breakout signals: - A breakout signal occurs when the percentage change in price exceeds the specified threshold. This suggests a significant price movement. 5. Consider additional analysis: - Combine the breakout signals from the Price Percentage Breakout indicator with other technical analysis tools, such as support and resistance levels, trend lines, or candlestick patterns, to confirm potential trade setups. 6. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital. Note: The Price Percentage Breakout indicator provides insights into potential breakout signals based on percentage changes in price. However, it is recommended to use this indicator in conjunction with other technical analysis tools and perform thorough analysis before making trading decisions.
Indicatore Pine Script®
di maybethatguy
1
Open High Low StrategyThis is a very simple, yet effective and to some extend widely followed scalping strategy to capture the underling sentiments of the counter whether it will go up or down. What is it? This is Open-High-Low (OLH) strategy. As you already aware of Candlestick patterns, there is patterns called as Marubozu patterns where the sell wick or buy wick either ceases to exists (or very small). This is exactly in the same principle. In OLH strategy: The buy signal appears when the Open Price is the Low Price. It means if you draw the candlestick, there is no bottom wick. So after the opening of the candle, the demand drives the price up to the level, some selling may or may not come and closes in green. This indicates a strong upward biasness of the underlying counter. Similarly, a sell signal appears when the Open price is the High Price. It means there is no upper wick. So there is no buying pressure, since the opening of the candle, sellers are in force and pulls down the price to a closing. This strategy generates the signal at the close of the candle (technically barstate.isconfirmed). Because until the bar is real-time there is no option to know the final closing or high. So you will see the bar on which it generates the buy or sell signal is actually indicates the previous bar as OLH bar. To determine the Stop-Loss, it uses the most widely known SL calculation of: For buy signal, it takes the low of the last 7 candles and substract the ATR (Average True Range) of 14-period. For sell signal, it takes the high of the last 7 candles and add it to the ATR (Average True Range) of 14-period. One can plot the SL lines as dotted green and red lines as well to see visually. Default Risk:Reward is 1:2, Can be customizable. What is Unique? Of course the utter simplistic nature of this strategy is it's key point. Very easy and intuitive to understand. There are awesome strategies in this forum that talks about the various indicators combinations and what not. Instead of all this, in a 15m NSE:NIFTY chart, it generates a good ~ 47% profit-factor with 1:2 Risk Reward ratio. Means if you loose a trade you will loose 1% of account and if you win you will gain 2%. Means 3 trades (2 profits and 1 loss) in a trading session result 3% overall gain for the day. (Assuming you are ready with 1% draw down of your account per trade, at max). Disclaimer: This piece of software does not come up with any warrantee or any rights of not changing it over the future course of time. We are not responsible for any trading/investment decision you are taking out of the outcome of this indicator.
Strategia Pine Script®
di pradipandsuvra
Trading Rule #19This script is based on Trading Rule #19 from Chester Keltner's book How To Make Money On Commodities. It is best applied to candlestick charts with longer time frames and plans with minimal losses (i.e. swing trades). The rule is based on "Key" trend days (this is applied to daily charts in the book). An initial Key-Up day is established on the third day of 3 consecutive new highs. Subsequent key-up days are determined as follows: 1. The first day following an initial key-up day trades 0.375% above the previous key-up day 2. The second day or any following day trades 0.125% above the previous key-up day An initial Key-Down day is established on the third day of 3 consecutive new lows. Subsequent key-down days are determined as follows: 1. The first day following an initial key-up day trades 0.375% below the previous key-down day 2. The second day or any following day trades 0.125% below the previous key-down day Green candles are considered up-trend, red candles are down-trend. Gray candles are undecided - when there is a new high and low in the same time frame, when there is no new high or low in that time frame, or the order price was cleared. Order prices are represented as a blue line, with some days being "na" when order prices remain unchanged. On key-up days, orders are placed 0.375% below the low of the previous key-up day or the day previous (whichever is lower). Order prices on key-down days are placed 0.375% above the high of the previous key-down day or the day previous (whichever is higher). The tolerance setting mainly effects the plot point of order price, at a certain point key-trend rules will take priority over order price (meaning if tolerance is high enough, order price will have no effect on determining key-trends).
Indicatore Pine Script®
di acowwn
NSDT Bearish-Bullish CandlesThis is another interesting take on candlesticks . These Bearish-Bullish Candles do not show the wicks. Instead, the upper wick is made into a Red body and the lower wick is made into a Green body. If you match the candle body color in the chart settings (or turn off the candles completely), you get a unique way of seeing how Bearish or how Bullish a candle is because the wick will now match the body size and color. This indicator is very similar to our NSDT Special High-Low Candles.
Indicatore Pine Script®
di NorthStarDayTrading
1
Trading Session Candles [NeoButane]█  OVERVIEW Display candlesticks for the selected session, regular or extended. █  CONFIGURATION Options to change include displaying the regular or extended session, timezone, session hours, and session days. █  CONCEPTS Meant for charts with longer trading sessions or to view only extended hours trading action on US stocks that have afterhours available. █  Notes For trading days, '23456' refers to Monday to Friday.
Indicatore Pine Script®
di NeoButane
2
Rate ConverterThis is a simple rate converter that can convert almost anything into almost anything else. It supports cryptocurrencies, currencies and most commodities. On the chart we see the following: USD (US Dollar) into EUR (Euro) as a candle stick chart WTICO (West Texas Intermediate Crude Oil) into ISK (Icelandic Krona) as a bar chart ADA (Cardano) into JMD (Jamaican Dollar) as a line chart XPT (Platinum) into XAG (Silver) as a scatter plot It supports plotting the rates as japanese candlesticks, bars, lines, or as a scatter plot.
Indicatore Pine Script®
di lejmer
4
.BXBT IndexThe current .BXBT index weighted as close as possible to BitMEX's with updates as BitMEX refreshes their index. Difference between this and the script titled '2020 March 27 .BXBT Index': this one will receive updates because it doesn't have a date in its title. Methodology www.bitmex.com "BitMEX Index Weights, assuming no constituent exchanges have been excluded due to Index Protection Rules, last updated 27 December 2019 at 12:00:05 UTC." Binance: - Bitstamp: 10.61% Bittrex: 2.53% Coinbase: 52.30% Gemini: 6.89% Huobi: - Itbit: 4.21% Kraken: 23.46% Poloniex: - ItBit's weight is combined with Gemini's due to ItBit not being on TradingView as of now. BITTREX:BTCUSD substituted with BITTREX:BTCUSDT*POLONIEX:USDTUSD to backfill because Bittrex only recently (late 2018) started to offer a fiat BTC/USD pair. Not that it matters since the index used in 2018 didn't include Bittrex if I remember correctly. What is actually used for 27/12/2019 to 27/03/2020: Binance: - Bitstamp: 10.61% Bittrex: 2.53% Coinbase: 52.30% Gemini: 11.10% Huobi: - Itbit: - Kraken: 23.46% Poloniex: - Options: Toggle candlesticks or close line Change price source to be used for indicators To be added: Change quarter to show indexes for different times, with labels that apply to the appropriate index used Reasons to use this vs. the index itself: (not many) It is helpful as a reference for other indicators or creation of an index.
Indicatore Pine Script®
di NeoButane
1