Inizia

Cerca negli script per "Heikin Ashi"

AlphaTrend++AlphaTrend++ Overview The AlphaTrend++ is an advanced Pine Script indicator designed to help traders identify buy and sell opportunities in trending and volatile markets. Building on trend-following principles, it uses a modified Average True Range (ATR) calculation combined with volume or momentum data to plot a dynamic trend line. The indicator overlays on the price chart, displaying a colored trend line, a filled trend zone, buy/sell signals, and optional stop-loss tick labels, making it ideal for day trading or swing trading, particularly in markets like futures (e.g., MES). What It Does This indicator generates buy and sell signals based on the direction and momentum of a custom trend line, filtered by optional time restrictions and signal frequency logic. The trend line adapts to price action and volatility, with a filled zone highlighting trend strength. Buy/sell signals are plotted as labels, and stop-loss distances are displayed in ticks (customizable for instruments like MES). The indicator supports standard chart types for realistic signal generation. How It Works The indicator employs the following components: Trend Line Calculation: A dynamic trend line is calculated using ATR adjusted by a user-defined multiplier, combined with either Money Flow Index (MFI) or Relative Strength Index (RSI) depending on volume availability. The line tracks price movements, adjusting upward or downward based on trend direction and volatility. Trend Zone: The area between the current trend line and its value two bars prior is filled, colored green for bullish trends (upward movement) or red for bearish trends (downward movement), providing a visual cue of trend strength. Signal Generation: Buy signals occur when the trend line crosses above its value two bars ago, and sell signals occur when it crosses below, with optional filtering to reduce signal noise (based on bar timing logic). Signals can be restricted to a 9:00–15:00 UTC trading window. Stop-Loss Ticks: For each signal, the indicator calculates the distance to the trend line (acting as a stop-loss level) in ticks, using a user-defined tick size (default 0.25 for MES). These are displayed as labels below/above the signal. Time Filter: An optional filter limits signals to 9:00–15:00 UTC, aligning with active trading sessions like the US market open. The indicator ensures compatibility with standard chart types (e.g., candlestick or bar charts) to avoid unrealistic results associated with non-standard types like Heikin Ashi or Renko. How to Use It Add to Chart: Apply the indicator to a candlestick or bar chart on TradingView. Configure Settings: Multiplier: Adjust the ATR multiplier (default 1.0) to control trend line sensitivity. Higher values widen the stop-loss distance. Common Period: Set the ATR and MFI/RSI period (default 14) for trend calculations. No Volume Data: Enable if volume data is unavailable (e.g., for certain forex pairs), switching from MFI to RSI. Tick Size: Set the tick size for stop-loss calculations (default 0.25 for MES futures). Show Buy/Sell Signals: Toggle signal labels (default enabled). Show Stop Loss Ticks: Toggle stop-loss tick labels (default enabled). Use Time Filter: Restrict signals to 9:00–15:00 UTC (default disabled). Use Filtered Signals: Enable to reduce signal frequency using bar timing logic (default enabled). Interpret Signals: Buy Signal: A blue “BUY” label below the bar indicates a potential long entry (trend line crossover, passing filters). Sell Signal: A red “SELL” label above the bar indicates a potential short entry (trend line crossunder, passing filters). Trend Zone: Green fill suggests bullish momentum; red fill suggests bearish momentum. Stop-Loss Ticks: Gray labels show the stop-loss distance in ticks, helping with risk management. Monitor Context: Use the trend line and filled zone to confirm the market’s direction before acting on signals. Unique Features Adaptive Trend Line: Combines ATR with MFI or RSI to create a responsive trend line that adjusts to volatility and market conditions. Tick-Based Stop-Loss: Displays stop-loss distances in ticks, customizable for specific instruments, aiding precise risk management. Signal Filtering: Optional bar timing logic reduces false signals, improving reliability in choppy markets. Trend Zone Visualization: The filled zone between trend line values enhances trend clarity, making it easier to assess momentum. Time-Restricted Trading: Optional 9:00–15:00 UTC filter aligns signals with high-liquidity sessions. Notes Use on standard candlestick or bar charts to ensure accurate signals. Test the indicator on a demo account to optimize settings for your market and timeframe. Combine with other analysis (e.g., support/resistance, volume spikes) for better decision-making. The indicator is not a standalone system; use it as part of a broader trading strategy. Limitations Signals may lag in highly volatile or low-liquidity markets due to ATR-based calculations. The 9:00–15:00 UTC time filter may not suit all markets; disable it for 24-hour assets like forex or crypto. Stop-loss tick calculations assume consistent tick sizes; verify compatibility with your instrument. This indicator is designed for traders seeking a robust, trend-following tool with customizable risk management and signal filtering, optimized for active trading sessions.
Indicatore Pine Script®
di charleyRT
Adaptive Freedom Machine w/labelsAdaptive Freedom Machine w/ Labels Overview The Adaptive Freedom Machine w/ Labels is a versatile Pine Script indicator designed to assist traders in identifying buy and sell opportunities across various market conditions (trending, ranging, or volatile). It combines Exponential Moving Averages (EMAs), Relative Strength Index (RSI), Average True Range (ATR), and customizable time filters to generate actionable signals. The indicator overlays on the price chart, displaying EMAs, a dynamic cloud, scaled RSI levels, buy/sell signals, and market condition labels, making it suitable for swing trading, day trading, or scalping. What It Does This indicator generates buy and sell signals based on the interaction of two EMAs, filtered by RSI thresholds, ATR-based volatility, and user-defined time windows. It adapts to the selected market condition by adjusting EMA lengths, RSI thresholds, and trading hours. A dynamic cloud highlights trend direction or neutral zones, and candlestick bodies are colored in neutral conditions for clarity. A table displays real-time trend and volatility status. How It Works The indicator uses the following components: EMAs: Two EMAs (short and long) are calculated on a user-selected timeframe (1, 5, 15, 30, or 60 minutes). Their crossover or crossunder generates potential buy/sell signals, with lengths adjusted based on the market condition (e.g., longer EMAs for trending markets, shorter for ranging). Dynamic Cloud: The area between the EMAs forms a cloud, colored green for uptrends, red for downtrends, or a user-defined color (default yellow) for neutral zones (when EMAs are close, determined by an ATR-based threshold). Users can widen the cloud for visibility. RSI Filter: RSI is scaled to price levels and plotted on the chart (optional). Signals are filtered to ensure RSI is within user-defined buy/sell thresholds and not in overbought/oversold zones, with thresholds tailored to the market condition. ATR Volatility Filter: An optional filter ensures signals occur during sufficient volatility (ATR(14) > SMA(ATR, 20)). Time Filter: Signals are restricted to a user-defined or market-specific time window (e.g., 10:00–15:00 UTC for volatile markets), with an option for custom hours. Visual Aids: Buy/sell signals appear as green triangles (buy) or red triangles (sell). Candlesticks in neutral zones are colored (default yellow). A table in the top-right corner shows the current trend (Uptrend, Downtrend, Neutral) and volatility (High or Low). The indicator ensures compatibility with standard chart types (e.g., candlestick charts) to produce realistic signals, avoiding non-standard types like Heikin Ashi or Renko. How to Use It Add to Chart: Apply the indicator to a candlestick or bar chart on TradingView. Configure Settings: Timeframe: Choose a timeframe (1, 5, 15, 30, or 60 minutes) to align with your trading style. Market Condition: Select one market condition (Trending, Ranging, or Volatile). Volatile is the default if none is selected. Only one condition can be active. Filters: Enable/disable the ATR volatility filter to trade only in high-volatility periods. Enable the time filter and choose default hours (specific to the market condition) or set custom UTC hours. Cloud Settings: Adjust the cloud width, neutral zone threshold, and color. Enable/disable the neutral cloud. RSI Display: Toggle the scaled RSI and its thresholds on the chart. Interpret Signals: Buy Signal: A green triangle below the bar indicates a potential long entry (EMA crossover, RSI above buy threshold, within time window, and passing volatility filter). Sell Signal: A red triangle above the bar indicates a potential short entry (EMA crossunder, RSI below sell threshold, within time window, and passing volatility filter). Neutral Zone: Yellow candlesticks and cloud (if enabled) suggest a lack of clear trend; avoid trading or use for range-bound strategies. Monitor the Table: Check the top-right table for real-time trend (Uptrend, Downtrend, Neutral) and volatility (High or Low) to confirm market context. Unique Features Adaptive Parameters: Automatically adjusts EMA lengths, RSI thresholds, and trading hours based on the selected market condition, reducing manual tweaking. Neutral Zone Detection: Uses an ATR-based threshold to identify low-trend periods, helping traders avoid choppy markets. Scaled RSI Visualization: Plots RSI and thresholds directly on the price chart, making it easier to assess momentum relative to price action. Flexible Time Filtering: Supports both default and custom UTC-based trading windows, ideal for day traders targeting specific sessions. Dynamic Cloud: Enhances trend visualization with customizable width and neutral zone coloring, improving readability. Notes Use on standard candlestick or bar charts to ensure realistic signals. Test the indicator on a demo account to understand its behavior in your chosen market and timeframe. Adjust settings to match your trading strategy, but avoid over-optimizing for past data. The indicator is not a standalone system; combine it with other analysis (e.g., support/resistance, news events) for better results. Limitations Signals may lag in fast-moving markets due to EMA-based calculations. Neutral zone detection may vary in extremely volatile or illiquid markets. Time filters are UTC-based; ensure your platform’s timezone settings align. This indicator is designed for traders seeking a customizable, trend-following tool that adapts to different market environments while providing clear visual cues and robust filtering.
Indicatore Pine Script®
di charleyRT
Engulfing Candle with Streaks and CountIdentifies Engulfing Candles + The Number of Consecutive Signals + Identifies 3rd/4th Consecutive Signals + Keeps Count of Most Recent Number of Signals as Decided by User. - Have coded in the latest version 6 - This script allows the tracking of engulfing candles over a user defined amount of time (candles). - The script will signal every engulfing candle and its consecutive corresponding number across the entire chart. - The Engulfing Count box in the bottom right counts how many bullish and bearish engulfing candles have occurred over the number decided by the user. - The Engulfing Signal that prints is triggered when an opposite next candle prints and the body is over 100% larger than the previous candle. It does not need to "fully engulf" the previous candle, the coding has an allowance for an "equal to and greater/smaller than" the previous close price. This allows for signals were the open of the engulfing candle can be equal to the close of the previous opposite, however the engulfing still must reach an over 100% sizing of the previous to print a signal. - Where a piercing candle occurs and the open price is within the body of the previous candle, this will void the equation and no matter how big the candle is, it will not trigger an engulfing signal as I was only looking for true engulfing candles. - The script keeps count of the same consecutive signals no matter the timeframe. - It will print the consecutive number above or below the signal (depending if bullish or bearish). - To assist with trend identification the 3rd consecutive signal will print blue, and the 4th consecutive signal will print yellow (or I prefer to use the term "Gold"). This can help filter out the noise on lower timeframes to assist to see where the momentum is going, or if there are signals going against the trend to try trick traders. - Back testing I found the 3rd and 4th signals are uncommon on higher timeframes and tend to act as fake-outs before the trend reverses. - Overall a good tool to add to your trend analysis, either for additional confluence or to assist with reversal identification. - Colors are set as default, but everything can be changed by the user as I didn't want to limit its possibilities. *** Please note that this script does not take into any consideration candle wicks. Although it can be used with Heikin Ashi it is somewhat unreliable. This indicator is designed to be used with standard candles only ***
Indicatore Pine Script®
di Jesse_Anderson-Lane
Candle Trend PowerThe Candle Trend Power is a custom technical indicator designed for advanced trend analysis and entry signal generation. It combines multiple smoothing methods, candle transformations, and volatility bands to visually and analytically enhance your trading decisions. 🔧 Main Features: 📉 Custom Candle Types It transforms standard OHLC candles into one of several advanced types: Normal Candles, Heikin-Ashi, Linear Regression, Rational Quadratic (via kernel filtering), McGinley Dynamic Candles These transformations help traders better see trend continuations and reversals by smoothing out market noise. 🧮 Smoothing Method for Candle Data Each OHLC value can be optionally smoothed using: EMA, SMA, SMMA (RMA), WMA, VWMA, HMA, Mode (Statistical mode) Or no smoothing at all. This flexibility is useful for customizing to different market conditions. 📊 Volatility Bands Volatility-based upper and lower bands are calculated using: Band = price ± (price% + ATR * multiplier) They help identify overbought/oversold zones and potential reversal points. 📍 Candle Color Logic Each candle is colored: Cyan (#00ffff) if it's bullish and stronger than the previous candle Red (#fd0000) if it's bearish and weaker Alternating bar index coloring improves visual clarity. 📈 Trend Momentum Labels The script includes a trend strength estimation using a smoothed RSI: If the candle is bullish, it shows a BUY label with the overbought offset. If bearish, it shows a SELL label with the oversold offset. These labels are dynamic and placed next to the bar. 📍 Signal Markers It also plots triangles when the price crosses the volatility bands: Triangle up for potential long Triangle down for potential short ✅ Use Case Summary This script is mainly used for: Visual trend confirmation with enhanced candles Volatility-based entry signals RSI-based trend momentum suggestions Integrating different smoothing & transformation methods to fine-tune your strategy It’s a flexible tool for both manual traders and automated system developers who want clear, adaptive signals across different market conditions. 💡 What's Different 🔄 Candle Type Transformations ⚙️ Custom Candle Smoothing 📉 Candle's Multi-level Volatility Bands 🔺 Dynamic Entry Signals (Buy/Sell Labels) ❗Important Note: This script is provided for educational purposes and does not constitute financial advice. Traders and investors should conduct their research and analysis before making any trading decisions.
Indicatore Pine Script®
di erdas0
Dkoderweb repainting issue fix indicator# Harmonic Pattern Trading Indicator for TradingView This indicator, called "Dkoderweb repainting issue fix indicator," is designed to identify and trade harmonic chart patterns in financial markets. It uses Fibonacci relationships between price points to detect various patterns like Bat, Butterfly, Gartley, Crab, Shark, and others. ## Key Features: - **Pattern Recognition**: Automatically identifies over a dozen harmonic patterns including standard and anti-patterns - **Customizable Settings**: Options to use Heikin Ashi candles and alternate timeframes - **Fibonacci Levels**: Configurable display of key Fibonacci retracement levels - **Entry and Exit Signals**: Clear buy/sell signals with visual triangles above/below bars - **Trade Management**: Automatic take-profit and stop-loss levels based on Fibonacci relationships - **Visual Aids**: Color-coded backgrounds to highlight active trade zones - **Alert System**: Customizable alert messages for trade entries and exits ## How It Works: The indicator uses a zigzag function to identify significant price pivots, then analyzes the relationships between these pivots to detect specific harmonic patterns. When a valid pattern forms and price reaches the entry zone (defined by a Fibonacci level), the indicator generates a trade signal. Each pattern has specific Fibonacci ratio requirements between its points, and the indicator continuously scans for these relationships. Trade management is handled automatically with predefined take-profit and stop-loss levels. This version specifically addresses repainting issues that are common in pattern-detection indicators, making it more reliable for both backtesting and live trading.
Indicatore Pine Script®
di dharmeshchudasma9
Professional MSTI+ Trading Indicator"Professional MSTI+ Trading Indicator" is a comprehensive technical analysis tool that combines over 20 indicators to generate high-quality trading signals and assess market sentiment. The script integrates standard indicators (MACD, RSI, Bollinger Bands, Stochastic, Simple Moving Averages, and Volume Analysis) with advanced components (Squeeze Momentum, Fisher Transform, True Strength Index, Heikin-Ashi, Laguerre RSI, Hull MA) and further includes metrics such as ADX, Chaikin Money Flow, Williams %R, VWAP, and EMA for in-depth market analysis. Key Features: Multiple Presets for Different Trading Styles: Choose from optimal configurations like Professional, Swing Trading, Day Trading, Scalping, or Reversal Hunter. Note that the presets may not work perfectly on all pairs, and manual calibration might be required. This flexibility allows you to fine-tune the settings to align with your unique strategies and signals. Multi-Layered Signal Filtering: Filters based on trend, volume, and volatility help eliminate false signals, enhancing the accuracy of market entries. Comprehensive Fear & Greed Index: The indicator aggregates data from RSI, volatility, momentum, trend, and volume to gauge overall market sentiment, providing an additional layer of market context. Dynamic Information Panel: Displays detailed status updates for each component (e.g., MACD, RSI, Laguerre RSI, TSI, Fisher Transform, Squeeze, Hull MA, etc.) along with a visual strength bar that represents the intensity of the trading signal. Signal Generation: Buy and sell signals are generated when a predefined number of conditions are met and confirmed over multiple bars. These signals are clearly displayed on the chart with arrows, making it easier to spot potential entry and exit points. Alert Setup: Built-in alert conditions allow you to receive real-time notifications when trading signals are generated, helping you stay on top of market movements. "Professional MSTI+ Trading Indicator" is designed to enhance your trading strategy by providing a multi-faceted market analysis and an intuitive visual interface. While the presets offer a robust starting point, they may require manual calibration on certain pairs, giving you the flexibility to configure your own unique strategies and signals.
Indicatore Pine Script®
di mindmarket
1
Smoothed Candle Averages- NovaTheMachineThis script utilizes a series of moving averages that the user is able to change as they see fit for their own use. The averages plotted for the first 2 waves are the High-Low rays of the selected period of time with the chosen moving average style. The Bias is the Heikin Ashi High-Low ray plotted over the chosen time period, while the Secondary Bias is a higher Timeframe Bias for the same period of time on a selected higher timeframe. The visuals for each ray are able to be changed to either; lines, solid wave, or dynamic wave. The Dynamic waves will change color according to the total dissection and utilize the Min-Max range selected as a weight for the strength of the trend. Thus providing an at-a-glance overview of the price relative to trend. The key objective with this script is to gauge the longer term trend with the current price action, to establish patterns and determine strength of moves both away from and towards the moving average/bias. When both waves are trending with the Bias, it can be reasoned that there is a strong trend established, when waves and Bias are mixed or trending sideways it can be reasoned there is a range forming or potential for a direction change. When price has broken the waves and biases we can reasonably assume that a new trend has been formed, using the waves and biases again to determine the strength and length of the trend. The Table will display whether the current price is above or below each wave, and whether the price is continuing or retracing. The Signals plotted are used to help identify when price has broken a wave more swiftly.
Indicatore Pine Script®
di NovaTheMachine
1
Session Bar/Candle ColoringChange the color of candles within a user-defined trading session. Borders and wicks can be changed as well, not just the body color. PREFACE This script can be used an educational resource for those who are interested in learning Pine Script. Therefore, the script is published open source and is organized in a manner that follows the recommended Style Guide . While the main premise of the indicator is rather simple, the script showcases various things that can be achieved such as conditional plotting, alignment of indicator settings, user input validation, script optimization, and more. The script also has examples of taking into consideration the chart timeframe and/or different chart types (Heikin Ashi, Renko, etc.) that a user might be running it on. Note: for complete beginners, I strongly suggest going through the Pine Script User Manual (possibly more than once). FEATURES Besides being able to select a specific time window, the indicator also provides additional color settings for changing the background color or changing the colors of neutral/indecisive candles, as shown in the image below. This allows for a higher level of customization beyond the TradingView chart settings or other similar scripts that are currently available. HOW TO USE First, define the intraday trading session that will contain the candles to modify. The session can be limited to specific days of the week. Next, select the parts of the candles that should be modified: Body, Borders, Wick, and/or Background. For each of the candle parts that were enabled, you can select the colors that will be used depending on whether a candle is bullish (⇧), bearish (⇩), or neutral (⇆). All other indicator settings will have a detailed tooltip to describe its usage and/or effect. LIMITATIONS The indicator is not intended to function on Daily or higher timeframes due to the intraday nature of session time windows. The indicator cannot always automatically detect the chart type being used, therefore the user is requested to manually input the chart type via the " Chart Style " setting. Depending on the available historical data and the selected choice for the " Portion of bar in session " setting, the indicator may not be able to update very old candles on the chart. EXAMPLE USAGE This section will show examples of different scenarios that the indicator can be used for. Emphasizing a main trading session. Defining a "Pre/post market hours background" like is available for some symbols (e.g., NASDAQ:AAPL ). Highlighting in which bar the midnight candle occurs. Hiding indecision bars (neutral candles). Showing only "Regular Trading Hours" for a chart that does not have the option to toggle ETH/RTH. To achieve this, the actual chart data is hidden, and only the indicator is visible; alternatively, a 2nd instance of the indicator could change colors to match the chart background. Using a combination of Bars and Japanese Candlesticks. Alternatively, this could be done by hiding the main chart data and using 2 instances of the indicator (one with " Chart Style " setting as Bars , and the other set to Candles ). Using a combination of thin and thick bars on Range charts. Note: requires disabling the "Thin Bars" setting for Bar charts in the TradingView chart settings. NOTES If using more than one instance of this indicator on the same chart, you can use the TradingView "Save Indicator Template" feature to avoid having to re-configure the multiple indicators at a later time. This indicator is intended to work "out-of-the-box" thanks to the behind_chart option introduced to Pine Script in October 2024. But you can always manually bring the indicator to the front just in case the color changes are not being seen (using the "More" option in the indicator status line: More > Visual Order > Bring to front ). Many thanks to fikira for their help and inspiring me to create open source scripts. Any feedback including bug reports or suggestions for improving the indicator (or source code itself) are always welcome in the comments section.
Indicatore Pine Script®
di n00btraders
12
Uptrick: Smart BoundariesThis script is an indicator that combines the RSI (Relative Strength Index) and Bollinger Bands to highlight potential points where price momentum and volatility may both be at extreme levels. Below is a detailed explanation of its components, how it calculates signals, and why these two indicators have been merged into one tool. This script is intended solely for educational purposes and for traders who want to explore the combined use of momentum and volatility measures. Please remember that no single indicator guarantees profitable results. Purpose of This Script This script is designed to serve as a concise, all-in-one tool for traders seeking to track both momentum and volatility extremes in real time. By overlaying RSI signals with Bollinger Band boundaries, it helps users quickly identify points on a chart where price movement may be highly stretched. The goal is to offer a clearer snapshot of potential overbought or oversold conditions without requiring two separate indicators. Additionally, its optional pyramiding feature enables users to manage how many times they initiate trades when signals repeat in the same direction. Through these combined functions, the script aims to streamline technical analysis by consolidating two popular measures—momentum via RSI and volatility via Bollinger Bands—into a single, manageable interface. 1. Why Combine RSI and Bollinger Bands • RSI (Relative Strength Index): This is a momentum oscillator that measures the speed and magnitude of recent price changes. It typically ranges between 0 and 100. Traders often watch for RSI crossing into “overbought” or “oversold” levels because it may indicate a potential shift in momentum. • Bollinger Bands: These bands are plotted around a moving average, using a standard deviation multiplier to create an upper and lower boundary. They help illustrate how volatile the price has been relative to its recent average. When price moves outside these boundaries, some traders see it as a sign the price may be overstretched and could revert closer to the average. Combining these two can be useful because it blends two different perspectives on market movement. RSI attempts to identify momentum extremes, while Bollinger Bands track volatility extremes. By looking for moments when both conditions agree, the script tries to highlight points where price might be unusually stretched in terms of both momentum and volatility. 2. How Signals Are Generated • Buy Condition: - RSI dips below a specified “oversold” level (for example, 30 by default). - Price closes below the lower Bollinger Band. When these occur together, the script draws a label indicating a potential bullish opportunity. The underlying reasoning is that momentum (RSI) suggests a stronger-than-usual sell-off, and price is also stretched below the lower Bollinger Band. • Sell Condition: - RSI rises above a specified “overbought” level (for example, 70 by default). - Price closes above the upper Bollinger Band. When these occur together, a label is plotted for a potential bearish opportunity. The rationale is that momentum (RSI) may be overheated, and the price is trading outside the top of its volatility range. 3. Pyramiding Logic and Trade Count Management • Pyramiding refers to taking multiple positions in the same direction when signals keep firing. While some traders prefer just one position per signal, others like to scale into a trade if the market keeps pushing in their favor. • This script uses variables that keep track of how many recent buy or sell signals have fired. If the count reaches a user-defined maximum, no more signals of that type will trigger additional labels. This protects traders from over-committing to one direction if the market conditions remain “extreme” for a prolonged period. • If you disable the pyramiding feature, the script will only plot one label per side until the condition resets (i.e., until RSI and price conditions are no longer met). 4. Labels and Visual Feedback • Whenever a buy or sell condition appears, the script plots a label directly on the chart: - Buy labels under the price bar. - Sell labels above the price bar. These labels make it easier to review where both RSI and Bollinger Band conditions align. It can be helpful for visually scanning the chart to see if the signals show any patterns related to market reversals or trend continuations. • The Bollinger Bands themselves are plotted so traders can see when the price is approaching or exceeding the upper or lower band. Watching the RSI and Bollinger Band plots simultaneously can give traders more context for each signal. 5. Originality and Usefulness This script provides a distinct approach by merging two well-established concepts—RSI and Bollinger Bands—within a single framework, complemented by optional pyramiding controls. Rather than using each indicator separately, it attempts to uncover moments when momentum signals from RSI align with volatility extremes highlighted by Bollinger Bands. This combined perspective can aid in spotting areas of possible overextension in price. Additionally, the built-in pyramiding mechanism offers a method to manage multiple signals in the same direction, allowing users to adjust how aggressively they scale into trades. By integrating these elements together, the script aims to deliver a tool that caters to diverse trading styles while remaining straightforward to configure and interpret. 6. How to Use the Indicator • Configure the Inputs: - RSI Length (the lookback period used for the RSI calculation). - RSI Overbought and Oversold Levels. - Bollinger Bands Length and Multiplier (defines the moving average period and the degree of deviation). - Option to reduce pyramiding. • Set Alerts (Optional): - You can create TradingView alerts for when these conditions occur, so you do not have to monitor the chart constantly. Choose the buy or sell alert conditions in your alert settings. • Integration in a Trading Plan: - This script alone is not a complete trading system. Consider combining it with other forms of analysis, such as support and resistance, volume profiles, or candlestick patterns. Thorough research, testing on historical data, and risk management are always recommended. 7. No Performance Guarantees • This script does not promise any specific trading results. It is crucial to remember that no single indicator can accurately predict future market movements all the time. The script simply tries to highlight moments when two well-known indicators both point to an extreme condition. • Actual trading decisions should factor in a range of market information, including personal risk tolerance and broader market conditions. 8. Purpose and Limitations • Purpose: - Provide a combined view of momentum (RSI) and volatility (Bollinger Bands) in a single script. - Assist in spotting times when price may be at an extreme. - Offer a configurable system for labeling potential buy or sell points based on these extremes. • Limitations: - Overbought and oversold conditions can persist for an extended period in trending markets. - Bollinger Band breakouts do not always result in immediate reversals. Sometimes price keeps moving in the same direction. - The script does not include a built-in exit strategy or risk management rules. Traders must handle these themselves. Additional Disclosures This script is published open-source and does not rely on any external or private libraries. It does not use lookahead methods or repaint signals; all calculations are performed on the current bar without referencing future data. Furthermore, the script is designed for standard candlestick or bar charts rather than non-standard chart types (e.g., Heikin Ashi, Renko). Traders should keep in mind that while the script can help locate potential momentum and volatility extremes, it does not include an exit strategy or account for factors like slippage or commission. All code comes from built-in Pine Script functions and standard formulas for RSI and Bollinger Bands. Anyone reviewing or modifying this script should exercise caution and incorporate proper risk management when applying it to their own trading. Calculation Details The script computes RSI by examining a user-defined number of prior bars (the RSI Length) and determining the average of up-moves relative to the average of down-moves over that period. This ratio is then scaled to a 0–100 range, so lower values typically indicate stronger downward momentum, while higher values suggest stronger upward momentum. In parallel, Bollinger Bands are generated by first calculating a simple moving average (SMA) of the closing price for the user-specified length. The script then measures the standard deviation of closing prices over the same period and multiplies it by the chosen factor (the Bollinger Bands Multiplier) to form the upper and lower boundaries around the SMA. These two measures are checked in tandem: if the RSI dips below a certain oversold threshold and price trades below the lower Bollinger Band, a condition is met that may imply a strong short-term sell-off; similarly, if the RSI surpasses the overbought threshold and price rises above the upper Band, it may indicate an overextended move to the upside. The pyramiding counters track how many of these signals occur in sequence, preventing excessive stacking of labels on the chart if conditions remain extreme for multiple bars. Conclusion This indicator aims to provide a more complete view of potential market extremes by overlaying the RSI’s momentum readings on top of Bollinger Band volatility signals. By doing so, it attempts to help traders see when both indicators suggest that the market might be oversold or overbought. The optional reduced pyramiding logic further refines how many signals appear, giving users the choice of a single entry or multiple scaling entries. It does not claim any guaranteed success or predictive power, but rather serves as a tool for those wanting to explore this combined approach. Always be cautious and consider multiple factors before placing any trades.
Indicatore Pine Script®
di Uptrick
3
BRT Cluster VolumeTitle and Purpose BRT Cluster Volume is a powerful market analysis tool designed to identify key support and resistance levels, cluster volumes, and breakout signals. This script is highly beneficial for traders who aim to gain deeper insights into market trends and pinpoint zones of interest for buyers and sellers. Key Features 1. Support and Resistance Levels: - The script automatically detects chart extremums by analyzing a specified number of bars on the left and right to form levels. This approach effectively identifies local highs and lows. - The uniqueness of this implementation lies in its dynamic data processing. For each extremum, the "channel width" is calculated, allowing insignificant levels to be filtered out based on a user-defined minimum width. This method eliminates noise and ensures focus on critical levels. - Extremum lines can be extended to the right (when enabled), allowing traders to track current price movements relative to historical levels. 2. Cluster Volume: - The cluster analysis is based on lower timeframe data, providing precise identification of key zones of market participant activity. The script dynamically requests close prices and volumes from lower timeframes, calculates the average volume, and identifies levels where volumes exceed a defined threshold. - The visualization of cluster volumes is unique: volumes exceeding the threshold are displayed as candles with customizable colors and markers. These indicators help traders identify zones of significant interest. - Cluster volume is only displayed when it interacts with support or resistance levels, ensuring that the visualization remains precise and relevant for market analysis. 3. Breakout Signals: - The script evaluates "breakout strength" for each breakout of support or resistance levels by comparing the current price with the level. This helps filter false breakouts and focus on significant price movements. - Traders can select the source for breakout signals (close price or high/low), offering flexibility for various trading styles and strategies. - By incorporating the concept of "maximum breakout strength," the script highlights only meaningful breakouts, ignoring minor fluctuations. 4. Integration of Trading Sessions: - Extremum levels for major trading sessions (Asia, Europe, USA) are identified and labeled on the chart. This allows traders to see when significant price levels were formed during the day. - The script uses timestamps to automatically detect session times, ensuring accuracy and minimizing manual adjustments. 5. Dynamic Data Updates: - The script dynamically updates support and resistance levels in real time as new data becomes available. This feature is crucial for traders working in fast-moving markets. - Outdated information (such as obsolete levels) is automatically removed to keep the chart clean and focused on relevant data. 6. Visualization of Activity Zones: - Trend direction is visualized using color-coded candles based on cluster volumes. For instance, candles with volumes exceeding the average are highlighted with specific colors, helping traders quickly identify areas of heightened activity. - The unique aspect of this visualization is that cluster volumes appear only in zones where they interact with breakout levels, providing an intuitive and streamlined presentation of critical data. Usage - Support and Resistance: Adjust the "Left Bars" and "Right Bars" settings to determine extremums. Use the "Channel Min Width" setting to filter out insignificant levels. - Cluster Volume: Customize the analysis period and volume threshold to identify high-activity zones. Enable breakout clusters to see how volumes interact with breakouts. - Session Extremums: Highlight significant levels for Asia, Europe, and US trading sessions to gain insights into market dynamics across different time zones. - Breakout Signals: Configure the breakout strength and source (close or high/low) for precise signal detection. Parameter Details 1. Support & Resistance: - `Left Bars` / `Right Bars`: Number of bars to consider for determining extremums. - `# of Lines`: Maximum number of support/resistance lines to display. - `Channel Min Width`: Minimum channel width to filter insignificant levels. 2. Breakout: - `Show Breakouts`: Toggle breakout signal display. - `Max breakout strength`: Maximum strength for valid breakouts. - `Breakout source`: Data source for breakouts (close or high/low). 3. Cluster Volume: - `Lookback`: Number of bars to analyze for cluster volumes. - `Threshold`: Volume threshold (percentage above the average). - `Cluster Volume Timeframe`: Timeframe for cluster volume analysis. - `Breakout Cluster`: Display cluster volumes only for breakout-related zones. 4. Visual Settings: - `Extend extremum lines to the right`: Extend support/resistance lines to the right. - `Show ASIA/EU/US Session Extremums`: Display extremums for trading sessions. Features and Benefits - The script provides flexible parameter customization, allowing it to adapt to different trading styles and timeframes. - The visualization is designed to be clean and intuitive, ensuring users can easily interpret the data. - Suitable for all timeframes, making it ideal for both intraday and long-term market analysis. Limitations - The script is not suitable for analysis on non-standard chart types (e.g., Heikin Ashi, Renko, Kagi). - To ensure accurate performance, realistic data for commission and slippage should be used. Warnings - The script relies on historical data for calculations, which may cause discrepancies in real-time conditions. - Users should fully understand the functionality of cluster analysis and breakout signals before using the script in live trading. This script combines advanced data processing logic, dynamic level adjustments, and unique visualization approaches, making it an indispensable tool for market analysis and trading decision-making.
Indicatore Pine Script®
di MaxBRFZCO
6
Bull Bear Candles with Volume ProfileUser Guide for Bull Bear Candles Indicator with Keltner Channels Author: NellyN Introduction This indicator helps identify potential bullish and bearish trends in the market by analyzing buying and selling volume over two configurable timeframes. It calculates the percentage of buying and selling volume and displays the current market condition based on two moving averages for 2 periods. Key Features • Volume Analysis : Calculates Buy and Sell Volume for two configurable timeframes (e.g., 5 min, 15 min, 15 min. and 1 hour, etc.) and displays them as percentages. • Moving Averages : Uses one Moving Average (MA) for two different time periods to identify trends (uptrend when shorter-term MA is above longer-term MA). You can also choose other Moving Average types like SMA, EMA, WMA, RMA, VWMA, or HMA. • Colored Candles : Candles are colored green for bullish conditions, red for bearish conditions, and gray for neutral conditions. • Market Condition Labels : Displays labels in table-view indicating the current market condition based on Buy and Sell Volume (Very Bullish, Very Bearish, Bullish/Bearish Retracement, Chop). • Alerts: Generates alerts for potential buy and sell signals based on indicator conditions (Note: Enable alerts in the indicator settings). • Visual Signals: Provides visual signals through colored candles and market condition labels in addition to alerts. Input Parameters • Source: Close price (default) or Heikin Ashi • Timeframe: Select the timeframe for price and volume data used in the indicator (e.g., Daily, Hourly). • Colored Candles On: Enable (True) or disable (False) coloring candles based on market conditions. • Enable Alerts: Enable (True) or disable (False) alerts for buy/sell signals. • Length of MA: Sets the length for the MAs used in trend identification (minimum 1). • Lookback Period Vol. 1 & 2: Define the timeframes used to calculate buying and selling volume and the MA calculation (e.g., 5 min, 15 min). Understanding the Outputs • Cloud Fill: The area between two MAs is filled with a color that reflects the trend (green for uptrend, red for downtrend). • Table: Shows Buy Volume, Sell Volume, Buy Percentage, Sell Percentage, and the current Market Condition Labels. (If you decide to see them uncomment them from the code simply removing the // in front of the code) • Colored Candles and Market Condition Labels: Look for green candles and bullish labels for potential buying opportunities, and vice versa for red candles and bearish labels. Bullish green label appears when short-term MA is above long-term MA AND Buy Volume percentage is greater than 50%. Red cross for exiting long entry appears when we have bearish volume OR bearish crossover of the MA for the 2 periods. Bearish red label appears when short-term MA is below long-term MA AND Buy Volume percentage is less than 50%. Green cross for exiting short entry appears when we have bullish volume OR bullish crossover of the MA for the 2 periods. • Bullish/Bearish Retracement: The moving averages indicate a potential trend reversal, while the Buy Volume percentage suggests a continuation of the prior trend. The candle color may be green, red, or gray depending on the current price position relative to the moving averages. • Chop (Gray Candle): The moving averages are flat and the Buy Volume percentage is not significantly above or below 50%. • Buy/Sell Alerts: The indicator generates alerts based on specific conditions, but these should be used in conjunction with other trading strategies and careful risk management. Important Notes • This indicator is for informational purposes only and should not be considered financial advice. Back-test the indicator with historical data to understand its performance before using it for live trading. • Combine this indicator with other technical analysis tools.
Indicatore Pine Script®
di NellyNaneva
2
[3Commas] Signal BuilderSignal Builder is a tool designed to help traders create custom buy and sell signals by combining multiple technical indicators. Its flexibility allows traders to set conditions based on their specific strategy, whether they’re into scalping, swing trading, or long-term investing. Additionally, its integration with 3Commas bots makes it a powerful choice for those looking to automate their trades, though it’s also ideal for traders who prefer receiving alerts and making manual decisions. 🔵 How does Signal Builder work? Signal Builder allows users to define custom conditions using popular technical indicators, which, when met, generate clear buy or sell signals. These signals can be used to trigger TradingView alerts, ensuring that you never miss a market opportunity. Additionally, all conditions are evaluated using "AND" logic, meaning signals are only activated when all user-defined conditions are met. This increases precision and helps avoid false signals. 🔵 Available indicators and recommended settings: Signal Builder provides access to a wide range of technical indicators, each customizable to popular settings that maximize effectiveness: RSI (Relative Strength Index): An oscillator that measures the relative strength of price over a specific period. Traders typically configure it with 14 periods, using levels of 30 (oversold) and 70 (overbought) to identify potential reversals. MACD (Moving Average Convergence Divergence): A key indicator tracking the crossover between two moving averages. Common settings include 12 and 26 periods for the moving averages, with a 9-period signal line to detect trend changes. Ultimate Oscillator: Combines three different time frames to offer a comprehensive view of buying and selling pressure. Popular settings are 7, 14, and 28 periods. Bollinger Bands %B: Provides insight into where the price is relative to its upper and lower bands. Standard settings include a 20-period moving average and a standard deviation of 2. ADX (Average Directional Index): Measures the strength of a trend. Values above 25 typically indicate a strong trend, while values below suggest weak or sideways movement. Stochastic Oscillator: A momentum indicator comparing the closing price to its range over a defined period. Popular configurations include 14 periods for %K and 3 for %D smoothing. Parabolic SAR: Ideal for identifying trend reversals and entry/exit points. Commonly configured with a 0.02 step and a 0.2 maximum. Money Flow Index (MFI): Similar to RSI but incorporates volume into the calculation. Standard settings use 14 periods, with levels of 20 and 80 as oversold and overbought thresholds. Commodity Channel Index (CCI): Measures the deviation of price from its average. Traders often use a 20-period setting with levels of +100 and -100 to identify extreme overbought or oversold conditions. Heikin Ashi Candles: These candles smooth out price fluctuations to show clearer trends. Commonly used in trend-following strategies to filter market noise. 🔵 How to use Signal Builder: Configure indicators: Select the indicators that best fit your strategy and adjust their settings as needed. You can combine multiple indicators to define precise entry and exit conditions. Define custom signals: Create buy or sell conditions that trigger when your selected indicators meet the criteria you’ve set. For example, configure a buy signal when RSI crosses above 30 and MACD confirms with a bullish crossover. TradingView alerts: Set up alerts in TradingView to receive real-time notifications when the conditions you’ve defined are met, allowing you to react quickly to market opportunities without constantly monitoring charts. Monitor with the panel: Signal Builder includes a visual panel that shows active conditions for each indicator in real time, helping you keep track of signals without manually checking each indicator. 🔵 3Commas integration: In addition to being a valuable tool for any trader, Signal Builder is optimized to work seamlessly with 3Commas bots through Webhooks. This allows you to automate your trades based on the signals you’ve configured, ensuring that no opportunity is missed when your defined conditions are met. If you prefer automation, Signal Builder can send buy or sell signals to your 3Commas bots, enhancing your trading process and helping you manage multiple trades more efficiently. 🔵 Example of use: Imagine you trade in volatile markets and want to trigger a sell signal when: Stochastic Oscillator indicates overbought conditions with the %K value crossing below 80. Bollinger Bands %B shows the price has surpassed the upper band, suggesting a potential reversal. ADX is below 20, indicating that the trend is weak and could be about to change. With Signal Builder , you can configure these conditions to trigger a sell signal only when all are met simultaneously. Then, you can set up a TradingView alert to notify you as soon as the signal is activated, giving you the opportunity to react quickly and adjust your strategy accordingly. 👨🏻‍💻💭 If this tool helps your trading strategy, don’t forget to give it a boost! Feel free to share in the comments how you're using it or if you have any questions. _________________________________________________________________ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Indicatore Pine Script®
di 3Commas
12
BooBee Digital - Enhanced Buy & Sell Alerts Suite BooBee Digital - Enhanced Buy & Sell Alerts Suite Introduction: The “BooBee Digital - Enhanced Buy & Sell Alerts Suite” is a comprehensive trading tool designed to provide traders with precise buy and sell signals by integrating the Average True Range (ATR) trailing stop technique and the Volume Weighted Average Price (VWAP) indicator. This script is tailored to help traders make informed decisions by considering both market volatility and trading volume. How It Works: 1. ATR Calculation: • Purpose: Measures market volatility to set dynamic stop levels. • Details: The Average True Range (ATR) is calculated over a user-defined period. The ATR value reflects the average range of price movements over the specified period, which is crucial for assessing market volatility. 2. ATR Trailing Stop: • Purpose: Identifies potential trend reversals by setting trailing stops based on market volatility. • Details: The ATR trailing stop is dynamically adjusted using the ATR value and a user-defined sensitivity factor. This trailing stop level helps identify trend reversals by moving in accordance with price fluctuations. 3. VWAP Calculation: • Purpose: Provides a volume-weighted average price to benchmark fair value. • Details: The VWAP is calculated by taking the sum of the product of price and volume, divided by the total volume. This indicator gives traders a reference point for the average price at which the asset has traded throughout the day, considering trading volume. 4. EMA Crossover: • Purpose: Adds a confirmation layer for buy and sell signals. • Details: A 1-period Exponential Moving Average (EMA) is used to identify short-term price movements. Buy and sell signals are generated based on the crossover of the EMA and the ATR trailing stop, adding an extra layer of confirmation for trade entries and exits. Signal Generation: Buy Signal: • Generated when the price is above the ATR trailing stop and there is a bullish crossover of the EMA and ATR trailing stop. • Indicator: Green label below the bar with “Buy” text. Sell Signal: • Generated when the price is below the ATR trailing stop and there is a bearish crossover of the EMA and ATR trailing stop. • Indicator: Red label above the bar with “Sell” text. VWAP Line: • The VWAP line is plotted on the chart to help traders identify significant price levels based on trading volume. • Indicator: Blue line representing the VWAP. How to Use: • Chart Type: The script is designed for use on standard chart types such as Candlestick and OHLC. It does not support non-standard chart types like Heikin Ashi, Renko, Kagi, Point & Figure, and Range, as they may produce unrealistic results. • Clean Chart: Ensure your chart is clean and free of other indicators to avoid confusion. The signals and colors plotted by the script should be easily identifiable. • Trade Confirmation: Use the buy and sell signals generated by the script in conjunction with other analysis methods to confirm trades. Key Concepts: • ATR Trailing Stop: This technique sets dynamic stop levels based on market volatility, helping to identify trend reversals. • VWAP: This indicator provides a benchmark for the average price considering trading volume, helping traders identify fair value. • EMA Crossover: This adds a layer of confirmation for buy and sell signals, improving the accuracy of trade entries and exits.
Indicatore Pine Script®
di BooBeeDigital1
7
TrendLine Toolkit w/ Breaks (Real-Time)The TrendLine Toolkit script introduces an innovating capability by extending the conventional use of trendlines beyond price action to include oscillators and other technical indicators. This tool allows traders to automatically detect and display trendlines on any TradingView built-in oscillator or community-built script, offering a versatile approach to trend analysis. With breakout detection and real-time alerts, this script enhances the way traders interpret trends in various indicators. 🔲 Methodology Trendlines are a fundamental tool in technical analysis used to identify and visualize the direction and strength of a price trend. They are drawn by connecting two or more significant points on a price chart, typically the highs or lows of consecutive price movements (pivots). Drawing Trendlines: Uptrend Line - Connects a series of higher lows. It signals an upward price trend. Downtrend Line - Connects a series of lower highs. It indicates a downward price trend. Support and Resistance: Support Line - A trendline drawn under rising prices, indicating a level where buying interest is historically strong. Resistance Line - A trendline drawn above falling prices, showing a level where selling interest historically prevails. Identification of Trends: Uptrend - Prices making higher highs and higher lows. Downtrend - Prices making lower highs and lower lows. Sideways (or Range-bound) - Prices moving within a horizontal range. A trendline helps confirm the existence and direction of a trend, providing guidance in aligning with the prevailing market sentiment. Additionally, they are usually paired with breakout analysis, a breakout occurs when the price breaches a trendline. This signals a potential change in trend direction or an acceleration of the existing trend. The script adapts this methodology to oscillators and other indicators. Instead of relying on price pivots, which can only be detected in retrospect, the script utilizes a trailing stop on the oscillator to identify potential swings in real-time, you may find more info about it here (SuperTrend toolkit) . We detect swings or pivots simply by testing for crosses between the indicator and its trailing stop. type oscillator float o = Oscillator Value float s = Trailing Stop Value oscillator osc = oscillator.new() bool l = ta.crossunder(osc.o, osc.s) => Utilized as a formed high bool h = ta.crossover (osc.o, osc.s) => Utilized as a formed low This approach enables the algorithm to detect trendlines between consecutive pivot highs or lows on the oscillator itself, providing a dynamic and immediate representation of trend dynamics. 🔲 Breakout Detection The script goes beyond trendline creation by incorporating breakout detection directly within the oscillator. After identifying a trendline, the algorithm continuously monitors the oscillator for potential breakouts, signaling shifts in market sentiment. 🔲 Setup Guide A simple example on one of my public scripts, Z-Score Heikin-Ashi Transformed 🔲 Settings Source - Choose an oscillator source of which to base the Toolkit on. Zeroing - The Mid-Line value of the oscillator, for example RSI & MFI use 50. Sensitivity - Calibrates the Sensitivity of which TrendLines are detected, higher values result in more detections. 🔲 Alerts Bearish TrendLine Bullish TrendLine Bearish Breakout Bullish Breakout As well as the option to trigger 'any alert' call. By integrating trendline analysis into oscillators, this Toolkit enhances the capabilities of technical analysis, bringing a dynamic and comprehensive approach to identifying trends, support/resistance levels, and breakout signals across various indicators.
Indicatore Pine Script®
di EliCobra
5
SVMKR_UT_Bot_HMA_UCS_LRSThis Pine Script code is a TradingView study script titled "SVMKR_UT_Bot_HMA_UCS_LRS". It combines two separate trading indicators: the UT Bot (Ultimate Trailing Stop Bot) and the UCS_LRS (Linear Regression Slope) indicator. UT Bot (Ultimate Trailing Stop Bot): The UT Bot is designed to provide buy and sell signals based on a trailing stop strategy. It calculates the trailing stop level using the Average True Range (ATR) and Heikin Ashi candle signals if enabled. Buy signals are generated when the price crosses above the trailing stop, while sell signals occur when the price crosses below the trailing stop. Additionally, buy and sell signals are visually represented on the chart with corresponding labels and shapes. The script also includes options to customize the sensitivity of the trailing stop and to color the bars based on buy or sell signals. Hull Moving Average (HMA): This section calculates and plots the Hull Moving Average, a type of moving average that reduces lag and improves smoothing compared to traditional moving averages. It uses the weighted moving average (WMA) to compute the HMA, which helps to identify trend direction and potential reversal points. UCS_LRS (Linear Regression Slope): The UCS_LRS indicator calculates the linear regression slope of the closing prices over a specified period. It then applies exponential smoothing to the slope values and calculates an average slope. Buy signals are generated when the current slope is greater than the average slope and positive, indicating an uptrend. Conversely, sell signals are generated when the current slope is less than the average slope and negative, suggesting a downtrend. The linear regression slope and its average are plotted on the chart, allowing traders to visually identify trend strength and potential reversal points. Overall, this combined script provides traders with a comprehensive set of tools for trend following and momentum trading strategies, integrating trailing stop analysis, moving average smoothing, and linear regression slope analysis into a single script for technical analysis on TradingView charts.
Indicatore Pine Script®
di svmkr987
3
Gap Removal IndicatorThis gap indicator shows the price of your chosen instrument as if no gaps had occurred overnight. It can be especially useful on highly-volatile exchange-listed instruments that track other 24/7 assets, because the normal candlestick chart of these instruments will create a large amount of noise that may decrease the accuracy of your indicators or make the trend harder to see. Gaps are determined with the following code: daychange = ta.change(dayofmonth) gapup = daychange and open > math.max(open,close) gapdown = daychange and open < math.min(open,close) Whereas the gap value is determined by taking the overnight difference in prices: downgap_change = math.min(open,close) - open upgap_change = open - math.max(open,close) The gap changes are cumulatively added and subtracted from the initial closing price to create the gap-adjusted price. The price will depend on how many bars your subscription allows, so pay more attention to the relative differences and/or trend than the cumulative gap-adjusted price itself. The gap indicator comes pre-built with normal candlestick and Heikin-Ashi candle types, and four indicators (two EMAs, Bollinger bands, and a supertrend). All elements are configurable.
Indicatore Pine Script®
di wbburgin
1
Anchored Progressive RangeIntroducing a simple script based off of the idea that ranges form from a point of origin that can be measured and produce interesting analysis indicating potential opportunities. Specifically I use this on daily and weekly anchorage to find mid range retracements once range has developed. Configure internal multipliers to provide potentially useful measurements between range high and mid point, as well as mid point and range low. By default it's standard .25 based multipliers but one could adjust to fib multipliers such as .615, .65, etc. Anchored open price is plotted as continuous line as often times reversals will occur and open price will be tested on daily, weekly, monthly timeframes. Once a bit of range is established and there's a rapid adjustment of range mid up or down, these can signal interesting breakouts. Also areas where the range stays flat due to no new high or low being printed can be indicative of consolidation, etc. I've tested this with heikin ashi, renko, bars, line and regular candles through various markets such as futures, etfs and stocks and everything appears to anchor correctly, please feedback if experiencing otherwise. I hope you enjoy this indicator as much as I enjoyed creating it, happy trading!
Indicatore Pine Script®
di TradeSeekers
Supply Demand Profiles [LuxAlgo]The Supply Demand Profiles is a charting tool that measures the traded volume at all price levels on the market over a specified time period and highlights the relationship between the price of a given asset and the willingness of traders to either buy or sell it, in other words, highlights key concepts as significant supply & demand zones, the distribution of the traded volume, and market sentiment at specific price levels within a specified time period, allowing traders to reveal dominant and/or significant price levels and to analyze the trading activity of a particular user-selected range. In other words, this tool highlights key concepts as significant supply & demand zones, the distribution of the traded volume, and market sentiment at specific price levels within a specified time period, allowing traders to reveal dominant and/or significant price levels and to analyze the trading activity of a particular user-selected range. Besides having the tool as a combo tool, the uniqueness of this version of the tool compared to its early versions is its ability to benefit from different volume data sources and its ability to use a variety of different polarity methods, where polarity is a measure used to divide the total volume into either up volume (trades that moved the price up) or down volume (trades that moved the price down). 🔶 USAGE Supply & demand zones are presented as horizontal zones across the selected range, hence adding the ability to visualize the price interaction with them By default, the right side of the profile is the volume profile which highlights the distribution of the traded activity at different price levels, emphasizing the value area, the range of price levels in which the specified percentage of all volume was traded during the time period, and levels of significance, such as developing point of control line, value area high/low lines, and profile high/low labels The left side of the profile is the sentiment profile which highlights the market sentiment at specific price levels 🔶 DETAILS 🔹 Volume data sources The users have the option to select volume data sources as either 'volume' (regular volume) or 'volume delta', where volume represents all the recorded trades that occur at a given bar and volume delta is the difference between the buying and the selling volume, that is, the net demand at a given bar 🔹 Polarity methods The users are able to choose the methods of how the tool to take into consideration the polarity of the bar (the direction of a bar, green (bullish) or red (bearish) bar) among a variety of different options, such as 'bar polarity', 'bar buying/selling pressure', 'intrabar (chart bars at a lower timeframe than the chart's) polarity', 'intrabar buying/selling pressure', and 'heikin ashi bar polarity'. Finally, the interactive mode of the tool is activated, as such users can easily modify the intervals of their interest just by selecting the indicator and moving the points on the chart 🔶 SETTINGS The script takes into account user-defined parameters and plots the profiles and zones 🔹 Calculation Settings Volume Data Source and Polarity: This option is to set the desired volume data source and polarity method Lower Timeframe Precision: This option is applicable in case any of the 'Intrabar (LTF)' options are selected, please check the tooltip for further details Value Area Volume %: Specifies the percentage for the value area calculation 🔹 Presentation Settings Supply & Demand Zones: Toggles the visibility of the supply & demand zones Volume Profile: Toggles the visibility of the volume profile Sentiment Profile: Toggles the visibility of the sentiment profile 🔹 Presentation, Others Value Area High (VAH): Toggles the visibility of the VAH line and color customization option Point of Control (POC): Toggles the visibility of the developing POC line and color customization option Value Area Low (VAL): Toggles the visibility of the VAL line and color customization option 🔹 Supply & Demand, Others Supply & Demand Threshold %: This option is used to set the threshold value to determine supply & demand zones Supply/Demand Zones: Color customization option 🔹 Volume Profile, Others Profile, Up/Down Volume: Color customization option Value Area, Up/Down Volume: Color customization option 🔹 Sentiment Profile, Others Sentiment, Bullish/Bearish: Color customization option Value Area, Bullish/Bearish: Color customization option 🔹 Others Number of Rows: Specify how many rows the profile will have Placment: Specify where to display the profile Profile Width %: Alters the width of the rows in the profile, relative to the profile range Profile Price Levels: Toggles the visibility of the profile price levels Profile Background, Color: Fills the background of the profile range Value Area Background, Color: Fills the background of the value area range Start Calculation/End Calculation: The tool is interactive, where the user may modify the range by selecting the indicator and moving the points on the chart or can set the start/end time using these options 🔶 RELATED SCRIPTS Volume-Profile Volume-Profile-Maps Volume-Delta
Indicatore Pine Script®
di LuxAlgo
21
RedK Relative Strength Ribbon: RS Ribbon and RS ChartsRedK Relative Strength Ribbon (RedK RS_Ribbon) is TA tool that plots the Relative Strength of the current chart symbol against another symbol, or an index of choice. It enables us to see when a stock is gaining strength (or weakness) relative to (an index that represents) the market, and when it hits new highs or lows of that relative strength, which may lead to better trading decisions. I searched TV for existing RS indicators but didn't find what I really wanted, so I put this together and added some additional features for my own use. It started as a simple RS line with new x-weeks Hi/Lo markers, then evolved into what you see here in v1.0 with the ability to plot a full RS chart in regular or HA candle types. Hope this will be useful to some other growth traders here on TV. What is Relative Strength (RS) ------------------------------------ (RS is a comprehensive concept in TA, below is a quick summary - please research further if it's not already a familiar topic) Relative Strength (RS) is a technical concept / indicator used mainly by growth / swing / momentum traders to compare the performance of one security or asset against another. RS measures the price performance of a specific security relative to a benchmark, such as an index or another asset. It's not to be confused with the famous Relative Strength Index (RSI) technical indicator For example, In the context of comparing a stock's relative strength to the SPY (S&P 500) index, the relative strength calculation involves dividing the stock's price or price-related value (e.g., close price) by the corresponding value of the SPY index. The resulting ratio (and its trend over time) indicates the relative performance of the stock compared to the index. Traders and investors use relative strength analysis to identify securities that have been showing relative strength or weakness compared to a benchmark, which can help in making investment decisions or identifying the "market leaders" and potential trading opportunities. There are so many books and documentation about the RS concept and its importance to identify market leaders, especially when recovering from a bear market - if you're interested in the concept, please search more about it and review some of that literature. There's also a more detailed definition of Relative Strength in this article on Invstopedia RedK RS_Ribbon features and options --------------------------------------------------- The indicator settings provide many options and features - see the settings box below - Change / choose base symbol The default is to use SPY as the base symbol - so we're comparing the chart's symbol to a proxy of the S&P 500 - Some traders may prefer to use the QQQ - or other index or ETF that acts as a proxy for the industry / sector / market they are trading - RS Calculation / RS line we use the simple form of the RS calculation, RS = closing price of current chart symbol / closing price of the base symbol (default is SPY) * 100 some RS documentation will use the Rate of Change (RoC) - but that's not what we're using here. - The RS_Ribbon * Once the RS line is plotted, it made sense to add couple of moving averages to it, to make it easier to observe the trend of the RS and the changes in that trend as you can see in the sample chart on top. * The RS_Ribbon is made up of a fast and slow moving averages and will change color (green / red) based on detected trend RS direction - the 2 MA types and lengths can be changed until you get the setup that provides the best view for you of the RS trend over time. My preferred settings are used as defaults here. - Identifying New (x)Week Hi/Lo RS Values * Most traders would be interested when the calculated RS hits a new 52-week high or low value. * There are cases where we may want to see when a new RS Hi/Lo has been hit for a different period - for example, a quarter (13 weeks) * the number of weeks can be changed as well as adjusting the numbers of trading days per week (if needed for certain symbols/exchanges) - Working with Different Timeframes * Now these "markers" will only be available in the daily and weekly timeframes and there is a good reason for that, it's not the fact that i'm lazy :) and that enabling this in timeframes lower than 1D would have been some heavy lifting, but the reality is that with RS, we're really interested if a "day's close" hits a new RS high or low value against the moving window of x weeks (and the weeks close also) - if you think of this more, at lower TF, RS can hit a lower value that never end up registering on the daily closing and that causes a lot of visual confusion. So i took the "cleaner way out" of that issue. * note that you can choose a different timeframe for the RS_Ribbon than the chart - if you do, please make sure the chart is at a lower timeframe than the indicator's - (and in that case remember to hide the candles because they won't make much sense) i wanted to leverage TV's built-in multi-Timeframe (MTF) support with the caveat that using the indicator at lower TF with a chart at a higher TF (example chart at 1Wk and indicator at 1D) will show inaccurate results. If this sounds confusing, keep the indicator TF same as the chart. the example here shows a 2-Hr chart against 1D RS_Ribbon - Using RS Charts and RS Candles * Beside the ability to plot the RS "closing" value with the RS line, the indicator provides the ability to show a "full" RS Chart with candles that represent the relative values of open, high, low. and close against the base symbol. * the RS Charts can be used for regular chart analysis, for example, we can identify common chart patterns like Cup & Handle, VCP, Head & Shoulder..etc using these charts .. which can provide some edge over the price charts * for the Heikin Ashi fans, I added the ability to choose classic or HA candles for the chart. note you have to enable the option to show the RS candles first before you choose the option to switch to HA. The chart below shows a side-by-side comparison on the 2 RS chart types Closing remarks ----------------------- * RS is a good way to identify market/sector leaders (who will usually recover from a bear market before others) - and enable us to see the strength that comes from the broader makrket versus the one that comes from the stock's own performance and identify good trading opportunities * I'll continue to update this work and alerts will come in next version - but wanted to check initial reaction and value * as usual, if you decide to use this in your chart analysis, it's necessary to combine with other momentum, trend, ...etc indicators and do not make trading decision only based on the signales from a single indicator
Indicatore Pine Script®
di RedKTrader
19
The Z-score The Z-score, also known as the standard score, is a statistical measurement that describes a value's relationship to the mean of a group of values. It's measured in terms of standard deviations from the mean. If a Z-score is 0, it indicates that the data point's score is identical to the mean score. Z-scores may be positive or negative, with a positive value indicating the score is above the mean and a negative score indicating it is below the mean. The concept of Z-score was introduced by statistician Carl Friedrich Gauss as part of his "method of the least squares," which was an important step in the development of the normal distribution and Z-score tables. It's a key concept in statistics and is used in various statistical tests. In financial analysis, Z-scores are used to determine whether a data point is usual or unusual. You can think of it as a measure of how many standard deviations an element is from the mean. For instance, a Z-score of 1.0 would denote a value that is one standard deviation from the mean. Z-scores are also used to predict probabilities, with Z-scores having a distribution that is expected to be normal. In trading, a Z-score is used to determine how often a trading system may produce a string of winners or losers. It can help a trader to understand whether the losses or profits they see are something that the system would most likely produce, or if it's a once in a blue moon situation. This helps traders make decisions about when to start or stop a system. I just wanted to play a bit with the Z-score I guess. Feel free to share your findings if you discover additional applications for this strategy or identify timeframes where it appears to perform more optimally. How it works: This strategy is based on a statistical concept called Z-score, which measures the number of standard deviations a data point is from the mean. In other words, it helps determine how unusual or usual a data point is. In the context of this strategy, Z-score is applied to a 10-period EMA (Exponential Moving Average) of Heikin-Ashi candlestick close prices. The Z-score is calculated over a look-back period of 25 bars. The EMA of the Z-score is then calculated over a 20-bar period, and the upper and lower thresholds (bounds for buy and sell signals) are defined using the 90th and 10th percentiles of this EMA score. Long positions are taken when the Z-score crosses above the lower threshold or crosses above the mid-line (50th percentile). An additional long entry is made when the Z-score crosses above the highest value the EMA has been in the past 100 periods. Short positions are initiated when the EMA crosses below the upper threshold, lower threshold or the highest value the EMA has been in the past 100 periods. Positions are closed when opposing entry conditions are met, for example, a long position is closed when the short entry condition is true, and vice versa. Set your desired start date for the strategy. This can be modified in the timestamp("YYYY MM DD") function at the top of the script.
Strategia Pine Script®
di jensenvilhelm
3