Buy Signal Only with Multiple Indicators and Stop LossDescription: This custom Pine Script indicator is designed to help traders identify optimal buy signals using a combination of multiple technical indicators. It provides visual markers for entry points, take profit levels, and stop loss, offering a comprehensive tool for decision-making.
Features:
Buy Signal: Generates a buy signal based on a combination of EMA Cloud, SuperTrend, Zero Lag MACD, QQE, Volume Oscillator, and ATR Bands.
Entry Point: Displays a horizontal line at the entry price with a price label, extended to the right for visibility.
Take Profit Levels:
1% Take Profit: A dashed red line with a price label for the first take profit level.
2% Take Profit: A dashed orange line with a price label for the second take profit level.
Stop Loss: A dotted purple line with a price label to indicate the stop loss level set at 3%.
Parameters:
EMA Short Length: Adjust the period for the short EMA.
EMA Long Length: Adjust the period for the long EMA.
ATR Length: Set the length for ATR calculation.
Multiplier: Define the factor for the SuperTrend calculation.
MACD Length and Signal Length: Configure lengths for MACD and its signal line.
RSI Length and Smooth Length: Set parameters for RSI and its smoothing.
Volume Lengths: Customize lengths for the volume oscillator.
ATR Band Length and Multiplier: Set parameters for ATR Bands.
Delay Bars: Specify the number of bars to wait before showing another buy signal.
Take Profit Percentages: Adjust percentages for the 1% and 2% take profit levels.
Stop Loss Percentage: Set the stop loss percentage.
Line Extension Length: Define the number of bars to extend lines.
Right Offset Bars: Configure how many bars to offset labels and lines to the right.
Usage:
Identify Buy Opportunities: The indicator helps identify potential buy signals using multiple indicators.
Manage Trades: Visualize entry points, take profit targets, and stop loss levels to manage trades effectively.
Customization: Tailor the indicator to fit your trading strategy by adjusting the parameters.
Notes:
This is what we call version 1.
Ensure that the indicator's settings align with your trading strategy and market conditions.Use in conjunction with other analysis tools for a comprehensive trading approach.
Cerca negli script per "supertrend"
NSE Option Straddle Candle Chart
'NSE Option Straddle Candle Chart' plot a straddle chart of the mentioned strike.
Straddle means combine price of a call price and a put price.
User has 4 inputs :
1 : Spot Symbol
2 : Expiry date
3 : Straddle Strikes
4 : Ema Length
5 : Supertrend Inputs
How to use :
1 : Trade need to know first what is a straddle. If ATM straddle price is 405, than it means market is likely to close within 405 points up or down at the expiry.
2 : Straddle is traded on pairs only
3 : If trader sells a straddle than , straddle price should move down. For there reference supertrend and moving average is plotted on chart
4 : Both this indicators helps trade to identify the trend , hence predict market.
5 : Options are dying assite , so is straddle , so prefer selling straddle instead of buying.
Machine Learning: Multiple Logistic Regression
Multiple Logistic Regression Indicator
The Logistic Regression Indicator for TradingView is a versatile tool that employs multiple logistic regression based on various technical indicators to generate potential buy and sell signals. By utilizing key indicators such as RSI, CCI, DMI, Aroon, EMA, and SuperTrend, the indicator aims to provide a systematic approach to decision-making in financial markets.
How It Works:
Technical Indicators:
The script uses multiple technical indicators such as RSI, CCI, DMI, Aroon, EMA, and SuperTrend as input variables for the logistic regression model.
These indicators are normalized to create categorical variables, providing a consistent scale for the model.
Logistic Regression:
The logistic regression function is applied to the normalized input variables (x1 to x6) with user-defined coefficients (b0 to b6).
The logistic regression model predicts the probability of a binary outcome, with values closer to 1 indicating a bullish signal and values closer to 0 indicating a bearish signal.
Loss Function (Cross-Entropy Loss):
The cross-entropy loss function is calculated to quantify the difference between the predicted probability and the actual outcome.
The goal is to minimize this loss, which essentially measures the model's accuracy.
// Error Function (cross-entropy loss)
loss(y, p) =>
-y * math.log(p) - (1 - y) * math.log(1 - p)
// y - depended variable
// p - multiple logistic regression
Gradient Descent:
Gradient descent is an optimization algorithm used to minimize the loss function by adjusting the weights of the logistic regression model.
The script iteratively updates the weights (b1 to b6) based on the negative gradient of the loss function with respect to each weight.
// Adjusting model weights using gradient descent
b1 -= lr * (p + loss) * x1
b2 -= lr * (p + loss) * x2
b3 -= lr * (p + loss) * x3
b4 -= lr * (p + loss) * x4
b5 -= lr * (p + loss) * x5
b6 -= lr * (p + loss) * x6
// lr - learning rate or step of learning
// p - multiple logistic regression
// x_n - variables
Learning Rate:
The learning rate (lr) determines the step size in the weight adjustment process. It prevents the algorithm from overshooting the minimum of the loss function.
Users can set the learning rate to control the speed and stability of the optimization process.
Visualization:
The script visualizes the output of the logistic regression model by coloring the SMA.
Arrows are plotted at crossover and crossunder points, indicating potential buy and sell signals.
Lables are showing logistic regression values from 1 to 0 above and below bars
Table Display:
A table is displayed on the chart, providing real-time information about the input variables, their values, and the learned coefficients.
This allows traders to monitor the model's interpretation of the technical indicators and observe how the coefficients change over time.
How to Use:
Parameter Adjustment:
Users can adjust the length of technical indicators (rsi_length, cci_length, etc.) and the Z score length based on their preference and market characteristics.
Set the initial values for the regression coefficients (b0 to b6) and the learning rate (lr) according to your trading strategy.
Signal Interpretation:
Buy signals are indicated by an upward arrow (▲), and sell signals are indicated by a downward arrow (▼).
The color-coded SMA provides a visual representation of the logistic regression output by color.
Table Information:
Monitor the table for real-time information on the input variables, their values, and the learned coefficients.
Keep an eye on the learning rate to ensure a balance between model adjustment speed and stability.
Backtesting and Validation:
Before using the script in live trading, conduct thorough backtesting to evaluate its performance under different market conditions.
Validate the model against historical data to ensure its reliability.
Kshitij Malve - Relative Strength CustomPurpose: This indicator attempts to gauge the relative strength of a stock compared to a broader index (like the Nifty 50) and provide actionable buy, sell, or hold signals. It is designed to be used for shorter-term, intraday trading.
Key Features
Signal Focus: Generates color-coded visual cues to aid in decision-making:
Green: Indicates a potential buy signal
Red: Indicates a potential sell signal
Blue: Suggests maintaining the current position
Trend and Volatility: Combines:
The SuperTrend indicator to determine the underlying price trend (uptrend vs. downtrend).
Average True Range (ATR) to assess recent market volatility.
Strength Check: Incorporates the Relative Strength Index (RSI) to measure if the stock is overbought or oversold relative to the broader index.
Logic: (Note: This description assumes the logic you implemented – adapt if your conditions differ)
The indicator's core logic suggests:
Buy Signal: RSI oversold, market in an uptrend, increased volatility, and price above a short-term moving average.
Sell Signal: RSI overbought, market in a downtrend, increased volatility, and price below a short-term moving average.
How to Use
Add the indicator to a chart of the stock you want to analyze. It will appear in a separate pane below the price chart.
Customize input settings if desired (lengths of RSI, SuperTrend, etc.). Consider aligning these with your timeframe and the characteristics of the specific stock and index.
Observation: Look for green (buy), red (sell), and blue (hold) signals.
Important Notes
Confirmation Tool: This indicator works best in conjunction with other forms of technical and fundamental analysis for a comprehensive trading strategy.
Market-Specific: The underlying logic may need to be tailored further for specific stock and index combinations to provide the most reliable signals.
Disclaimer: Financial markets are risky. Thoroughly backtest and understand the risk profile of any strategy relying on this indicator before using real capital.
Lower timeframe chartHi all!
I've made this script to help with my laziness (and to help me (and now you) with efficiency). It's purpose is to, without having to change the chart timeframe, being able to view the lower timeframe bars (and trend) within the last chart bar. The defaults are just my settings (It's based on daily bars), so feel free to change them and maybe share yours! It's also based on stocks, which have limited trading hours, but if you want to view this for forex trading I suggest changing the 'lower time frame' to a higher value since it has more trading hours.
The script prints a label chart (ASCII) based on your chosen timeframe and the trend, based on @KivancOzbilgic script SuperTrend The printed ASCII chart has rows (slots) that are based on ATR (14 bars) and empty gaps are removed. The current trend is decided by a percentage of bars (user defined but defaults to 80%, which is really big but let's you be very conservative in defining a trend to be bullish. Set to 50% to have the trend being decided equally or lower to be more conservative in defining a trend to be bearish) that must have a bullish SuperTrend, it's considered to be bearish otherwise. Big price range (based on the ATR for 14 bars) and big volume (true if the volume is bigger than a user defined simple moving average (defaults to 20 bars)) can be disabled for faster execution.
The chart displayed will consist of bars and thicker bars that has a higher volume than the defined simple moving average. The bars that has a 'big range' (user defined value of ATR (14 days) factor that defaults to 0.5) will also have a wick. The characters used are the following:
Green bar = ┼
Green bar with large volume = ╪
Green bar wick = │
Red bar = ╋
Red bar with large volume = ╬
Red bar wick = ┃
Bar with no range = ─
Bar with no range and high volume = ═
Best of trading!
Bull Bear Correlation Tracker PaneThe Bull Bear Correlation Tracker is a versatile indicator designed to help traders identify the direction and strength of market trends by comparing the price action of multiple assets. It is particularly useful for those who are familiar with the carry trade principle, as it can detect when positively or negatively correlated assets move in favor or against the asset being traded. This indicator can be used for various markets, including crypto and forex, by simply adjusting the default options.
Key features of the Bull Bear Correlation Tracker include:
Multiple methods for determining trend direction: Supertrend, Pivot Point SuperTrend by LonesomeTheBlue, MACD - Zero Cross, and MACD - Grow/Shrink. These methods help traders identify the primary trend direction and potential trade opportunities.
Optional slow trend display for additional insights into market trends, allowing traders to analyze both short-term and long-term trends simultaneously.
Supports up to three symbols, enabling traders to analyze multiple assets simultaneously and better understand their correlation.
Assumed correlation settings to test traders' hypotheses about asset relationships, allowing traders to make informed decisions about potential correlations between different assets.
Customizable correlation period and smoothing settings to fine-tune the indicator's performance, providing traders with the ability to optimize the indicator based on their preferred trading style and market conditions.
Market hours filter to focus on specific trading hours, ensuring that the indicator only displays data during the hours specified.
Customizable color settings for easy visualization of trends, helping traders quickly identify the direction and strength of market trends.
Correlation histogram display to visualize asset relationships, providing traders with a clear visual representation of how different assets are correlated.
This indicator can be used to either force the correlation to be assumed positive or negative if the trader knows the correlation, or to use the actual data calculated between the traded asset and other assets if the correlation is broken often. This flexibility makes the Bull Bear Correlation Tracker suitable for trading various assets, including cryptocurrencies and forex, as well as for traders with different levels of experience.
By utilizing the Bull Bear Correlation Tracker, traders can gain valuable insights into market trends and correlations between different assets, helping them make more informed decisions and improve their trading strategies.
Note: I used back-testing for fine tuning do not base your trades on signals from the testing framework.
Multi-Timeframe Trend TableThis is the first publication of an indicator to show trend on the higher timeframes and is an English version of the "Mtf Supertrend Table" coded by FxTraderProAsistan. Credit goes to him for the genesis of this work. I updated the original code to Pinescript V.5 and modified it to suit my needs. Please enjoy.
This trend table indicator has the following features:
1. Trend Mode : Option to select the method of determining trend, using the Pinescript built-in ta.supertrend function or finding trend based on the cross of 20 and 50 EMA
2. 6 trend timeframes of your choosing, with show/hide
3. Optional feature to include the DXY (US dollar) trends, for the timeframes chosen. Useful for instruments that react to changes in the US dollar
4. ATR settings to adjust the Supertrend parameters. Default values are an ATR length of 10 and a Factor of 3
Sushi Trend [HG]🍣 The Sushi Roll, a trading concept conceived at a restaurant by Mark Fisher.
While the indicator itself goes by Sushi Trend, it is completely backed by the idea of Mark Fisher's Sushi Roll Reversal Pattern. No, it has nothing to do with raw fish, it just so happens that somebody was ordering sushi during the discussion of the idea, and that's how it got its name.
📝 Origin
First mentioned in his book, The Logical Trader --- the idea of the Sushi Roll is to serve as an early warning system to identify reversals in the market. Fisher defines the pattern as a series of 10 bars, split into two different sections, seen as 5 and 5. In order for the pattern to be emitted, the 5 bars to the right must completely engulf the 5 bars to the left. It's not a super complex system and is in fact extremely simple to grasp.
📈 Supertrend Similarities
Instead of displaying the pattern in the way Fisher meant for it to be portrayed (as seen in the photo above), I instead turned it into an indicator similar to that of Supertrend while also inheriting the same concepts from the pattern. I did this because the pattern itself has inconsistencies which can be quite noticeable when trading with it after a while. For example, these patterns can occur even during consolidating periods, and even though the pattern is meant to be recognized during trending markets, the engulfing bars can sometimes be left with indecisive directions.
➡️ The Result
Here is the result, visualized to be better in a trending format. (The indicator will not contain the boxes.)
While Fisher does mention the pattern to include 10 bars, you can actually use this pattern with any number of bars. At the end of the day, it's a concept derived from a discussion at a Japanese restaurant, and a pattern that has been around for years that has seen results. Due to this, I added an input option to control the series of bars for right-bar engulf detection.
To reassure the meaning of the pattern --> "A series of 10 bars" means 5 left bars and 5 right bars. So if you want to check if 5 right bars are engulfing the previous 5 bars (as seen in the photo above), you would want to select 5 in the input settings.
You can learn more about it from the following links
Market Reversals and the Sushi Roll Technique
The Logical Trader
Intrabar Analyzer [Kioseff Trading]Hello!
This indicator (Intrabar Analyzer) presents intrabar data in various derivative forms.
On-Chart Features
Traditional price data down to 1 min.
Heikin-Ashi price data down to 1 min.
Kagi price data down to 1 min.
Point & Figure price data down to 1 min.
Renko price data down to 1 min.
Linebreak price data down to 1 min.
LinReg channel
SMA
EMA
ALMA
Echomorphic Average (A @kaigouthro special!)
HMA
RMA
WMA
VWMA
VWAP
SWMA
SAR
Supertrend
On-Chart Features
Price x Volume graph
Intrabar technical rating
Positive volume index
Negative volume index
Price volume trend
RSI
%k
ROC
MFI
MFC
OBV
CCI
BBW
CMO
COG
KCW
MOM
RANGE
%r
Let's look at the objects populated by the indicator!
The image above shows what data correlates to the populated graphs!
Let's dial in on the price x volume graph.
The image above provides an example/explanation of the price x volume graph. All data is sourced from a lower timeframe (configurable - default = 1 minute).
Colors are configurable; the plot characters are configurable.
The numbers above show an alternative view of the price x volume graph!
Price graph
The price graph can populate 6 variations of price data: traditional, heikin-ashi, renko, point & figure, line break, and kagi.
The subsequent images will show all available forms of price data, in addition to a randomly selected, on-chart technical indicator!
Kagi + LinReg
Traditional + EMA
Renko + SAR
Point & Figure + ALMA
Heikin-Ashi + Supertrend
Line Break + VWAP
You can display up to three indicators concomitantly - all calculated using intrabar data!
Lastly, the indicator displays the TradingView calculated technical rating for the intrabar.
The technical ratings are multiplied by x100 and oriented left & right of the price box. Left values are negative; right values are positive. The "0" value is not shown; therefore, if the technical rating isn't highlighted then the rating is "0".
The image above shows the technical rating system in action (:
That's it!
This was a fun project and I'm certainly willing to add more - let me know if there's anything you'd like included.
Additionally, a future feature involves compatibility with any custom indicator! Stay tuned; thank you for checking this out (:
Thank you to @kaigouthro, TradingView and @PineCoders for providing some cool libraries to play with!
[blackcat] L3 Super Best Cost LineLevel: 3
Background
As suggested by @hedan1, he made a suggestion: this indicator can be further optimized to develop a dull line to filter the overall direction, and then use the sensitive line as a confirmation signal to enter.
One of my favourite tool to see fast trends which is simple but powerful. It runs under below market logic.
Function
With @hedan1's idea, the 1st thing i come up with is a two-layer structure: the inner sensitive part is the best cost line indicator, the outer layer is a supertrend indicator to control the overall trend direction.
Best cost line is a tool to model the people's mood and preference in the market. I define a typical price as wcx, when wcx is above the best cost line, which means traders are willing to use higher price to buy, then if you long, you are following the trend and make profit. On the other hand, if wcx is below the best cost line, which means traders are NOT willing to pursue higher price (maybe due to continous stop loss or sth other), then you should at least not long or if you are agressive in style, you may consider short.
That is it. Do you think it is simple and powerful enough?
Remarks
L: long entry, yellow
XL: close long, fuchsia
S: short entry, green
XS: close short, red
inner bullish: yellow color
inner bearish: fuchsia color
outer bullish: green color
outer bearish: red color
inner indicator : the best cost line
outer indicator : supertrend
also, i improved the display fucntinon remove some blur lines with linebr feature.
Feedbacks are appreciated.
Reversal MagictrendThis indicator combine multiple indicator in one pine script : Main indicator is Exponential Moving Average (EMA), Commodity Channel Index (CCI), Average True Range (ATR), Crossover Signal & Alert.
1)
For Exponential Moving Average (EMA) have 5 type :
EMA 7 : Green Color (Transparent)
EMA 21 : Red Color (Transparent)
EMA 34 : Orange Color (Faint)
EMA 50 : Purple Color (Transparent)
EMA 90 : Aqua Color (Faint)
Trendband / Background Color in between EMA line :
EMA 7 Cross up EMA 21 : Green
EMA 7 Cross down EMA 21 : Red
EMA 21 Cross up EMA : Yellow
Crossover Signal :
EMA 7 Cross up EMA 21 = Golden Cross : Blue Diamond
EMA 7 Cross down EMA 21 = Death Cross : Red Diamond
Example :
2)
Commodity Channel Index (CCI) :
Have background color : Green for positive value
CCI Signal = Anchor / Hook
- As a signal of reversal. Strong reversal when appear on weekly chart
Example :
Weekly :
Daily :
I am inspired from : www.tradingview.com
Check out his indicator here :
3)
Average True Range (ATR) as Supertrend
Green (Start) New Start for uptrend
Red (End) New Start for downtrend
Also Add on value for each signal.
Example :
I am inspired from : www.tradingview.com
Check out his Supertrend here :
4)
For this indicator, user have option to turn on / off :
- Previous Signal as a backtest
- Previous Trend as a backtest
- ATR to make chart more clean.
Indicators Combination Framework v3 IND [DTU]Hello All,
This script is a framework to analyze and see the results by combine selected indicators for (long, short, longexit, shortexit) conditions.
I was designed this for beginners and users to facilitate to see effects of the technical indicators combinations on the chart WITH NO CODE
You can improve your strategies according the results of this system by connecting the framework to a strategy framework/template such as Pinecoder, Benson, daveatt or custom.
This is enhanced version of my previous indicator "Indicators & Conditions Test Framework "
Currently there are 93 indicators (23 newly added) connected over library. You can also import an External Indicator or add Custom indicator (In the source)
It is possible to change it from Indicator to strategy (simple one) by just remarking strategy parts in the source code and see real time profit of your combinations
Feel free to change or use it in your source
Special thanks goes to Pine wizards: Trading view (built-in Indicators), @Rodrigo, @midtownsk8rguy, @Lazybear, @Daveatt and others for their open source codes and contributions
SIMPLE USAGE
1. SETTING: Show Alerts= True (To see your entries and Exists)
2. Define your Indicators (ex: INDICATOR1: ema(close,14), INDICATOR2: ema(close,21), INDICATOR3: ema(close,200)
3. Define Your Combinations for long & Short Conditions
a. For Long: (INDICATOR1 crossover INDICATOR2) AND (INDICATOR3 < close)
b. For Short: (INDICATOR1 crossunder INDICATOR2) AND (INDICATOR3 > close)
4. Select Strategy/template (Import strategy to chart) that you export your signals from the list
5. Analyze the best profit by changing Indicators values
SOME INDICATORS DETAILS
Each Indicator includes:
- Factorization : Converting the selected indicator to Double, triple Quadruple such as EMA to DEMA, TEMA QEMA
- Log : Simple or log10 can be used for calculation on function entries
- Plot Type : You can overlay the indicator on the chart (such ema) or you can use stochastic/Percentrank approach to display in the variable hlines range
- Extended Parametes : You can use default parameters or you can use extended (P1,P2) parameters regarding to indicator type and your choice
- Color : You can define indicator color and line properties
- Smooth : you can enable swma smooth
- indicators : you can select one of the 93 function like ema(),rsi().. to define your indicator
- Source : you can select from already defined indicators (IND1-4), External Indicator (EXT), Custom Indicator (CUST), and other sources (close, open...)
CONDITION DETAILS
- There are are 4 type of conditions, long entry, short entry, long exit, short exit.
- Each condition are built up from 4 combinations that joined with "AND" & "OR" operators
- You can see the results by enabling show alerts check box
- If you only wants to enter long entry and long exit, just fill these conditions
- If "close on opposite" checkbox selected on settings, long entry will be closed on short entry and vice versa
COMBINATIONS DETAILS
- There are 4 combinations that joined with "AND" & "OR" operators for each condition
- combinations are built up from compare 1st entry with 2nd one by using operator
- 1st and 2nd entries includes already defined indicators (IND1-5), External Indicator (EXT), Custom Indicator (CUST), and other sources (close, open...)
- Operators are comparison values such as >,<, crossover,...
- 2nd entry include "VALUE" parameter that will use to compare 1st indicator with value area
- If 2nd indicator selected different than "VALUE", value are will mean previous value of the selection. (ex: value area= 2, 2nd entry=close, means close )
- Selecting "NONE" for the 1st entry will disable calculation of current and following combinations
JOINS DETAILS
- Each combination will join wiht the following one with the JOIN (AND, OR) operator (if the following one is not equal "NONE")
CUSTOM INDICATOR
- Custom Indicator defines harcoded in the source code.
- You can call it with "CUST" in the Indicator definition source or combination entries source
- You can change or implement your custom indicator by updating the source code
EXTERNAL INDICATOR
- You can import an external indicator by selecting it from the ext source.
- External Indicator should be already imported to the chart and it have an plot function to output its signal
EXPORTING SIGNAL
- You can export your result to an already defined strategy template such as Pine coders, Benson, Daveatt Strategy templates
- Or you can define your custom export for other future strategy templates
ALERTS
- By enabling show alerts checkbox, you can see long entry exits on the bottom, and short entry exits aon the top of the chart
ADDITIONAL INFO
- You can see all off the inputs descriptions in the tooltips. (You can also see the previous version for details)
- Availability to set start, end dates
- Minimize repainting by using security function options (Secure, Semi Secure, Repaint)
- Availability of use timeframes
-
Version 3 INDICATORS LIST (More to be added):
▼▼▼ OVERLAY INDICATORS ▼▼▼
alma(src,len,offset=0.85,sigma=6).-------Arnaud Legoux Moving Average
ama(src,len,fast=14,slow=100).-----------Adjusted Moving Average
accdist().-------------------------------Accumulation/distribution index.
cma(src,len).----------------------------Corrective Moving average
dema(src,len).---------------------------Double EMA (Same as EMA with 2 factor)
ema(src,len).----------------------------Exponential Moving Average
gmma(src,len).---------------------------Geometric Mean Moving Average
highest(src,len).------------------------Highest value for a given number of bars back.
hl2ma(src,len).--------------------------higest lowest moving average
hma(src,len).----------------------------Hull Moving Average.
lagAdapt(src,len,perclen=5,fperc=50).----Ehlers Adaptive Laguerre filter
lagAdaptV(src,len,perclen=5,fperc=50).---Ehlers Adaptive Laguerre filter variation
laguerre(src,len).-----------------------Ehlers Laguerre filter
lesrcp(src,len).-------------------------lowest exponential esrcpanding moving line
lexp(src,len).---------------------------lowest exponential expanding moving line
linreg(src,len,loffset=1).---------------Linear regression
lowest(src,len).-------------------------Lovest value for a given number of bars back.
mcginley(src, len.-----------------------McGinley Dynamic adjusts for market speed shifts, which sets it apart from other moving averages, in addition to providing clear moving average lines
percntl(src,len).------------------------percentile nearest rank. Calculates percentile using method of Nearest Rank.
percntli(src,len).-----------------------percentile linear interpolation. Calculates percentile using method of linear interpolation between the two nearest ranks.
previous(src,len).-----------------------Previous n (len) value of the source
pivothigh(src,BarsLeft=len,BarsRight=2).-Previous pivot high. src=src, BarsLeft=len, BarsRight=p1=2
pivotlow(src,BarsLeft=len,BarsRight=2).--Previous pivot low. src=src, BarsLeft=len, BarsRight=p1=2
rema(src,len).---------------------------Range EMA (REMA)
rma(src,len).----------------------------Moving average used in RSI. It is the exponentially weighted moving average with alpha = 1 / length.
sar(start=len, inc=0.02, max=0.02).------Parabolic SAR (parabolic stop and reverse) is a method to find potential reversals in the market price direction of traded goods.start=len, inc=p1, max=p2. ex: sar(0.02, 0.02, 0.02)
sma(src,len).----------------------------Smoothed Moving Average
smma(src,len).---------------------------Smoothed Moving Average
super2(src,len).-------------------------Ehlers super smoother, 2 pole
super3(src,len).-------------------------Ehlers super smoother, 3 pole
supertrend(src,len,period=3).------------Supertrend indicator
swma(src,len).---------------------------Sine-Weighted Moving Average
tema(src,len).---------------------------Triple EMA (Same as EMA with 3 factor)
tma(src,len).----------------------------Triangular Moving Average
vida(src,len).---------------------------Variable Index Dynamic Average
vwma(src,len).---------------------------Volume Weigted Moving Average
volstop(src,len,atrfactor=2).------------Volatility Stop is a technical indicator that is used by traders to help place effective stop-losses. atrfactor=p1
wma(src,len).----------------------------Weigted Moving Average
vwap(src_).------------------------------Volume Weighted Average Price (VWAP) is used to measure the average price weighted by volume
▼▼▼ NON OVERLAY INDICATORS ▼▼
adx(dilen=len, adxlen=14, adxtype=0).----adx. The Average Directional Index (ADX) is a used to determine the strength of a trend. len=>dilen, p1=adxlen (default=14), p2=adxtype 0:ADX, 1:+DI, 2:-DI (def:0)
angle(src,len).--------------------------angle of the series (Use its Input as another indicator output)
aroon(len,dir=0).------------------------aroon indicator. Aroons major function is to identify new trends as they happen.p1 = dir: 0=mid (default), 1=upper, 2=lower
atr(src,len).----------------------------average true range. RMA of true range.
awesome(fast=len=5,slow=34,type=0).------Awesome Oscilator is an indicator used to measure market momentum. defaults : fast=len= 5, p1=slow=34, p2=type: 0=Awesome, 1=difference
bbr(src,len,mult=1).---------------------bollinger %%
bbw(src,len,mult=2).---------------------Bollinger Bands Width. The Bollinger Band Width is the difference between the upper and the lower Bollinger Bands divided by the middle band.
cci(src,len).----------------------------commodity channel index
cctbbo(src,len).-------------------------CCT Bollinger Band Oscilator
change(src,len).-------------------------A.K.A. Momentum. Difference between current value and previous, source - source . is most commonly referred to as a rate and measures the acceleration of the price and/or volume of a security
cmf(len=20).-----------------------------Chaikin Money Flow Indicator used to measure Money Flow Volume over a set period of time. Default use is len=20
cmo(src,len).----------------------------Chande Momentum Oscillator. Calculates the difference between the sum of recent gains and the sum of recent losses and then divides the result by the sum of all price movement over the same period.
cog(src,len).----------------------------The cog (center of gravity) is an indicator based on statistics and the Fibonacci golden ratio.
copcurve(src,len).-----------------------Coppock Curve. was originally developed by Edwin Sedge Coppock (Barrons Magazine, October 1962).
correl(src,len).-------------------------Correlation coefficient. Describes the degree to which two series tend to deviate from their ta.sma values.
count(src,len).--------------------------green avg - red avg
cti(src,len).----------------------------Ehler s Correlation Trend Indicator by
dev(src,len).----------------------------ta.dev() Measure of difference between the series and its ta.sma
dpo(len).--------------------------------Detrended Price OScilator is used to remove trend from price.
efi(len).--------------------------------Elders Force Index (EFI) measures the power behind a price movement using price and volume.
eom(len=14,div=10000).-------------------Ease of Movement.It is designed to measure the relationship between price and volume.p1 = div: 10000= (default)
falling(src,len).------------------------ta.falling() Test if the `source` series is now falling for `length` bars long. (Use its Input as another indicator output)
fisher(len).-----------------------------Fisher Transform is a technical indicator that converts price to Gaussian normal distribution and signals when prices move significantly by referencing recent price data
histvol(len).----------------------------Historical volatility is a statistical measure used to analyze the general dispersion of security or market index returns for a specified period of time.
kcr(src,len,mult=2).---------------------Keltner Channels Range
kcw(src,len,mult=2).---------------------ta.kcw(). Keltner Channels Width. The Keltner Channels Width is the difference between the upper and the lower Keltner Channels divided by the middle channel.
klinger(type=len).-----------------------Klinger oscillator aims to identify money flow’s long-term trend. type=len: 0:Oscilator 1:signal
macd(src,len).---------------------------MACD (Moving Average Convergence/Divergence)
mfi(src,len).----------------------------Money Flow Index s a tool used for measuring buying and selling pressure
msi(len=10).-----------------------------Mass Index (def=10) is used to examine the differences between high and low stock prices over a specific period of time
nvi().-----------------------------------Negative Volume Index
obv().-----------------------------------On Balance Volume
pvi().-----------------------------------Positive Volume Index
pvt().-----------------------------------Price Volume Trend
ranges(src,upper=len, lower=-5).---------ranges of the source. src=src, upper=len, v1:lower=upper . returns: -1 source=upper otherwise 0
rising(src,len).-------------------------ta.rising() Test if the `source` series is now rising for `length` bars long. (Use its Input as another indicator output)
roc(src,len).----------------------------Rate of Change
rsi(src,len).----------------------------Relative strength Index
rvi(src,len).----------------------------The Relative Volatility Index (RVI) is calculated much like the RSI, although it uses high and low price standard deviation instead of the RSI’s method of absolute change in price.
smi_osc(src,len,fast=5, slow=34).--------smi Oscillator
smi_sig(src,len,fast=5, slow=34).--------smi Signal
stc(src,len,fast=23,slow=50).------------Schaff Trend Cycle (STC) detects up and down trends long before the MACD. Code imported from
stdev(src,len).--------------------------Standart deviation
trix(src,len) .--------------------------the rate of change of a triple exponentially smoothed moving average.
tsi(src,len).----------------------------The True Strength Index indicator is a momentum oscillator designed to detect, confirm or visualize the strength of a trend.
ultimateOsc(len.-------------------------Ultimate Oscillator indicator (UO) indicator is a technical analysis tool used to measure momentum across three varying timeframes
variance(src,len).-----------------------ta.variance(). Variance is the expectation of the squared deviation of a series from its mean (ta.sma), and it informally measures how far a set of numbers are spread out from their mean.
willprc(src,len).------------------------Williams %R
wad().-----------------------------------Williams Accumulation/Distribution.
wvad().----------------------------------Williams Variable Accumulation/Distribution.
HISTORY
v3.01
ADD: 23 new indicators added to indicators list from the library. Current Total number of Indicators are 93. (to be continued to adding)
ADD: 2 more Parameters (P1,P2) for indicator calculation added. Par:(Use Defaults) uses only indicator(Source, Length) with library's default parameters. Par:(Use Extra Parameters P1,P2) use indicator(Source,Length,p1,p2) with additional parameters if indicator needs.
ADD: log calculation (simple, log10) option added on indicator function entries
ADD: New Output Signals added for compatibility on exporting condition signals to different Strategy templates.
ADD: Alerts Added according to conditions results
UPD: Indicator source inputs now display with indicators descriptions
UPD: Most off the source code rearranged and some functions moved to the new library. Now system work like a little bit frontend/backend
UPD: Performance improvement made on factorization and other source code
UPD: Input GUI rearranged
UPD: Tooltips corrected
REM: Extended indicators removed
UPD: IND1-IND4 added to indicator data source. Now it is possible to create new indicators with the previously defined indicators value. ex: IND1=ema(close,14) and IND2=rsi(IND1,20) means IND2=rsi(ema(close,14),20)
UPD: Custom Indicator (CUST) added to indicator data source and Combination Indicator source.
UPD: Volume added to indicator data source and Combination Indicator source.
REM: Custom indicators removed and only one custom indicator left
REM: Plot Type "Org. Range (-1,1)" removed
UPD: angle, rising, falling type operators moved to indicator library
Indicator Functions with Factor and HeikinAshiHello all,
This indicator returns below selected indicators values with entered parameters.
Also you can add factorization, functions candles, function HeikinAshi and more to the plot.
VERSION:
Version 1: returns series only source and Length with already defined default values
Version 2: returns series with source, Length, p1 and p2 parameters according to the indicator definition (ex: )
PARAMETERS p1 p2
for defining multi arguments (See indicators list) indicator input value usable with verison=V2 selected.. ex: for alma( src , len ,offset=0.85,sigma=6), set source=source, len=length, p1=0.85 an p2=6
FACTOR:
Add double triple, Quadruple factors to selected indicator (like converting EMA to 2-DEMA, 3-TEMA, 4-QEMA...)
1-Original
2-Double
3-Triple
4-Quadruple
LOG
Log: Use log, log10 on function entries
PLOTTING:
PType: Plotting type of the function on the screen
Original :use original values
Org. Range (-1,1): usable for indicators between range -1 and 1
Stochastic: Convert indicator values by using stochastic calculation between -1 & 1. (use AT/% length to better view)
PercentRank: Convert indicator values by using Percent Rank calculation between -1 & 1. (use AT/% length to better view)
ST/%: length for plotting Type for stochastic and Percent Rank options
Smooth: Use SWMA for smoothing the function
DISPLAY TYPES
Plot Candles: Display the selected indicator as candle by implementing values
Plot Ind: Display result of indicator with selected source
HeikinAshi: Display Selected indicator candles with Heikin Ashi calculation
INDICATOR LIST:
hide = 'DONT DISPLAY', //Dont display & calculate the indicator. (For my framework usage)
alma = 'alma( src , len ,offset=0.85,sigma=6)', // Arnaud Legoux Moving Average
ama = 'ama( src , len ,fast=14,slow=100)', //Adjusted Moving Average
acdst = 'accdist()', // Accumulation/distribution index.
cma = 'cma( src , len )', //Corrective Moving average
dema = 'dema( src , len )', // Double EMA (Same as EMA with 2 factor)
ema = 'ema( src , len )', // Exponential Moving Average
gmma = 'gmma( src , len )', //Geometric Mean Moving Average
hghst = 'highest( src , len )', //Highest value for a given number of bars back.
hl2ma = 'hl2ma( src , len )', //higest lowest moving average
hma = 'hma( src , len )', // Hull Moving Average .
lgAdt = 'lagAdapt( src , len ,perclen=5,fperc=50)', //Ehler's Adaptive Laguerre filter
lgAdV = 'lagAdaptV( src , len ,perclen=5,fperc=50)', //Ehler's Adaptive Laguerre filter variation
lguer = 'laguerre( src , len )', //Ehler's Laguerre filter
lsrcp = 'lesrcp( src , len )', //lowest exponential esrcpanding moving line
lexp = 'lexp( src , len )', //lowest exponential expanding moving line
linrg = 'linreg( src , len ,loffset=1)', // Linear regression
lowst = 'lowest( src , len )', //Lovest value for a given number of bars back.
pcnl = 'percntl( src , len )', //percentile nearest rank. Calculates percentile using method of Nearest Rank.
pcnli = 'percntli( src , len )', //percentile linear interpolation. Calculates percentile using method of linear interpolation between the two nearest ranks.
rema = 'rema( src , len )', //Range EMA (REMA)
rma = 'rma( src , len )', //Moving average used in RSI . It is the exponentially weighted moving average with alpha = 1 / length.
sma = 'sma( src , len )', // Smoothed Moving Average
smma = 'smma( src , len )', // Smoothed Moving Average
supr2 = 'super2( src , len )', //Ehler's super smoother, 2 pole
supr3 = 'super3( src , len )', //Ehler's super smoother, 3 pole
strnd = 'supertrend( src , len ,period=3)', //Supertrend indicator
swma = 'swma( src , len )', //Sine-Weighted Moving Average
tema = 'tema( src , len )', // Triple EMA (Same as EMA with 3 factor)
tma = 'tma( src , len )', //Triangular Moving Average
vida = 'vida( src , len )', // Variable Index Dynamic Average
vwma = 'vwma( src , len )', // Volume Weigted Moving Average
wma = 'wma( src , len )', //Weigted Moving Average
angle = 'angle( src , len )', //angle of the series (Use its Input as another indicator output)
atr = 'atr( src , len )', // average true range . RMA of true range.
bbr = 'bbr( src , len ,mult=1)', // bollinger %%
bbw = 'bbw( src , len ,mult=2)', // Bollinger Bands Width . The Bollinger Band Width is the difference between the upper and the lower Bollinger Bands divided by the middle band.
cci = 'cci( src , len )', // commodity channel index
cctbb = 'cctbbo( src , len )', // CCT Bollinger Band Oscilator
chng = 'change( src , len )', //Difference between current value and previous, source - source.
cmo = 'cmo( src , len )', // Chande Momentum Oscillator . Calculates the difference between the sum of recent gains and the sum of recent losses and then divides the result by the sum of all price movement over the same period.
cog = 'cog( src , len )', //The cog (center of gravity ) is an indicator based on statistics and the Fibonacci golden ratio.
cpcrv = 'copcurve( src , len )', // Coppock Curve. was originally developed by Edwin "Sedge" Coppock (Barron's Magazine, October 1962).
corrl = 'correl( src , len )', // Correlation coefficient . Describes the degree to which two series tend to deviate from their ta. sma values.
count = 'count( src , len )', //green avg - red avg
dev = 'dev( src , len )', //ta.dev() Measure of difference between the series and it's ta. sma
fall = 'falling( src , len )', //ta.falling() Test if the `source` series is now falling for `length` bars long. (Use its Input as another indicator output)
kcr = 'kcr( src , len ,mult=2)', // Keltner Channels Range
kcw = 'kcw( src , len ,mult=2)', //ta.kcw(). Keltner Channels Width. The Keltner Channels Width is the difference between the upper and the lower Keltner Channels divided by the middle channel.
macd = 'macd( src , len )', // macd
mfi = 'mfi( src , len )', // Money Flow Index
nvi = 'nvi()', // Negative Volume Index
obv = 'obv()', // On Balance Volume
pvi = 'pvi()', // Positive Volume Index
pvt = 'pvt()', // Price Volume Trend
rise = 'rising( src , len )', //ta.rising() Test if the `source` series is now rising for `length` bars long. (Use its Input as another indicator output)
roc = 'roc( src , len )', // Rate of Change
rsi = 'rsi( src , len )', // Relative strength Index
smosc = 'smi_osc( src , len ,fast=5, slow=34)', //smi Oscillator
smsig = 'smi_sig( src , len ,fast=5, slow=34)', //smi Signal
stdev = 'stdev( src , len )', //Standart deviation
trix = 'trix( src , len )' , //the rate of change of a triple exponentially smoothed moving average .
tsi = 'tsi( src , len )', //True Strength Index
vari = 'variance( src , len )', //ta.variance(). Variance is the expectation of the squared deviation of a series from its mean (ta. sma ), and it informally measures how far a set of numbers are spread out from their mean.
wilpc = 'willprc( src , len )', // Williams %R
wad = 'wad()', // Williams Accumulation/Distribution .
wvad = 'wvad()' //Williams Variable Accumulation/Distribution
I will update the indicator list when I will update the library
Thanks to tradingview, @RodrigoKazuma for their open source indicators
+ Donchian ChannelsThis version of Donchian Channels uses two source options so that one can create a channel using highs and lows rather than one or the other or closes. My thinking was that this would create a more accurate portrayal of price action (or at least contain the greatest scope of it) as seen through the lens of a Donchian Channel. This was actually part of the genesis of my idea around my Ultimate Moving Average.
Besides the single top and bottom plot for the DC's extremities, I've enabled the ability to create outer bands with a variable width that the user can adjust to their preference. I think it's quite nice. I use it in the DC in my other non-overlay indicators.
Besides this additional functionality, the indicator has options to plot lines between the basis and the upper and lower bands, so, basically, splitting the upper and lower channel in half.
There is no magic number to the lookback. I chose 233 as default because it's a fibonacci sequence number and I'm more interested in using the DC like a very long period bias indicator, and the longer lookback gives a much wider window (because highs and lows are so spread apart) with which other faster indicators (supertrend, shorter period moving averages, etc.) can work without making the screen a clutter.
The color of the basis may also be made relevant to higher timeframe information. What I mean by this is that you can set it so that the basis of the current timeframe is colored based on the candle close of the higher timeframe of your choosing. If you're looking at an hourly chart, and you set the color to Daily, the basis will be colored based on the candle close (above or below the basis) of the previous day. If the previous daily close was above the basis, that positive color will be reflected in the basis, even if the current hourly candle closes are below the hourly basis. This could potentially be useful for setting a higher timeframe directional bias and reacting off price crossing the lower timeframe basis (or whatever your trigger for entering a trade might be). This is also optional in my Ultimate Moving Average indicator.
You can also set the entire indicator to whatever time frame you want if you want to see where the actual basis, or other levels are on that higher timeframe.
Further additions include fibonacci retracement levels. These are calculated off the high and the low of the Donchian Channels themselves.
You will see that there are only three retracement levels (.786, .705, .382), one of which is not a fib level, but what some people call the 'OTE,' or optimal trade entry. If you want more info on the OTE just web search it. So, why no .618 or .236? Reason being that the .618 overlaps the .382, and the .236 is extremely close to the .786. This sounds confusing, but the retracement levels I'm using are derived from the high and low, so it was unnecessary to have all five levels from each. I could have just calculated from the high, or just from the low, and used all the levels, but I chose to just calculate three levels from the high and three from the low because that gives a sort of mirror image balance, and that appeals to me, and the utility of the indicator is the same.
The plot lines are all colored, and I've filled certain zones between them. There is a center zone filled between both .382 levels, and an upper and lower zone filled between the .786 and either the high or the low.
If you like the colored zones, but don't like the plots because they cause screen compression, turn off the plots under the "style" tab.
There are alerts for candle closes across every line.
I should state that, regarding the fibs, obviously the length of the Channels is going to affect to what levels price retraces to. A shorter lookback means you will see more changes in highs and lows, and therefore retraces are often going to be full retraces within the bands unless price is trending hard. A longer lookback means you will see smaller retraces. Using this in conjunction with key high timeframe levels and/or a moving average can give great confidence in a trade entry. Additionally, if you have a short bias it may help in finding levels or entering a trade on a pullback. It could also be good for trade targets. But again, the lookback you choose for this indicator is going to dictate its use in the system you're building or already have. A 9 EMA and a 200 EMA, while fundamentally the same, are going to be used somewhat differently while doing your chart analysis.
Additional images below.
Same image as main, but with supertrend and my +UMA to help with chart analysis.
Image with the fib stuff turned on.
Zoomed out image with the same.
Shorter lookback period.
Zoomed in image of shorter lookback.
Realtime 5D Profile [LucF]█ OVERVIEW
This indicator displays a realtime profile that can be configured to visualize five dimensions: volume, price, time, activity and age. For each price level in a bar or timeframe, you can display total or delta volume or ticks. The tick count measures activity on a level. The thickness of each level's line indicates its age, which helps you identify the most recent levels.
█ WARNING
The indicator only works in real time. Contrary to TradingView's line of volume profile indicators , it does not show anything on historical bars or closed markets, and it cannot display volume information if none exists for the data feed the chart is using. A realtime indicator such as this one only displays information accumulated while it is running on a chart. The information it calculates cannot be saved on charts, nor can it be recalculated from historical bars. If you refresh the chart, or the script must re-execute for some reason, as when you change inputs, the accumulated information will be lost.
Because "Realtime 5D Profile" requires time to accumulate information on the chart, it will be most useful to traders working on small timeframes who trade only one instrument and do not frequently change their chart's symbol or timeframe. Traders working on higher timeframes or constantly changing charts will be better served by TradingView's volume profiles. Before using this indicator, please see the "Limitations" section further down for other important information.
█ HOW TO USE IT
Load the indicator on an active chart (see here if you don't know how).
The default configuration displays:
• A double-sided volume profile showing at what price levels activity has occurred.
• The left side shows "down" volume, the right side shows "up" volume.
• The value corresponding to each level is displayed.
• The width of lines reflects their relative value.
• The thickness of lines reflects their age. Four thicknesses are used, with the thicker lines being the most recent.
• The total value of down/up values for the profile appears at the top.
To understand how to use profiles in your trading, please research the subject. Searches on "volume profile" or "market profile" will yield many useful results. I provide you with tools — I do not teach trading. To understand more about this indicator, read on. If you choose not to do so, please don't ask me to answer questions that are already answered here, nor to make videos; I don't.
█ CONCEPTS
Delta calculations
Volume is slotted in up or down slots depending on whether the price of each new chart update is higher or lower than the previous update's price. When price does not move between chart updates, the last known direction is used. In a perfect world, Pine scripts would have access to bid and ask levels, as this would allow us to know for sure if market orders are being filled on upticks (at the ask) or downticks (at the bid). Comparing the price of successive chart updates provides the most precise way to calculate volume delta on TradingView, but it is still a compromise. Order books are in constant movement; in some cases, order cancellations can cause sudden movements of both the bid and ask levels such that the next chart update can occur on an uptick at a lower price than the previous one (or vice versa). While this update's volume should be slotted in the up slot because a buy market order was filled, it will erroneously be slotted in the down slot because the price of the chart's update is lower than that of the previous one. Luckily, these conditions are relatively rare, so they should not adversely affect calculations.
Levels
A profile is a tool that displays information organized by price levels. You can select the maximum quantity of levels this indicator displays by using the script's "Levels" input. If the profile's height is small enough for level increments to be less than the symbol's tick size, a smaller quantity of levels is used until the profile's height grows sufficiently to allow your specified quantity of levels to be displayed. The exact position of levels is not tethered to the symbol's tick increments. Activity for one level is that which happens on either side of the level, halfway between its higher or lower levels. The lowest/highest levels in the profile thus appear higher/lower than the profile's low/high limits, which are determined by the lowest/highest points reached by price during the profile's life.
Level Values and Length
The profile's vertical structure is dynamic. As the profile's height changes with the price range, it is rebalanced and the price points of its levels may be recalculated. When this happens, past updates will be redistributed among the new profile's levels, and the level values may thus change. The new levels where updates are slotted will of course always be near past ones, but keep this fluidity in mind when watching level values evolve.
The profile's horizontal structure is also dynamic. The maximum length of level lines is controlled by the "Maximum line length" input value. This maximum length is always used for the largest level value in the profile, and the length of other levels is determined by their value relative to that maximum.
Updates vs Ticks
Strictly speaking, a tick is the record of a transaction between two parties. On TradingView, these are detected on seconds charts. On other charts, ticks are aggregated to form a chart update . I use the broader "update" term when it names both events. Note that, confusingly, tick is also used to name an instrument's minimal price increment.
Volume Quality
If you use volume, it's important to understand its nature and quality, as it varies with sectors and instruments. My Volume X-ray indicator is one way you can appraise the quality of an instrument's intraday volume.
█ FEATURES
Double-Sided Profiles
When you choose one of the first two configuration selections in the "Configuration" field's dropdown menu, you are asking the indicator to display a double-sided profile, i.e., where the down values appear on the left and the up ones on the right. In this mode, the formatting options in the top section of inputs apply to both sides of the profile.
Single-Sided Profiles
The six other selections down the "Configuration" field's dropdown menu select single-sided profiles, where one side aggregates the up/down values for either volume or ticks. In this mode, the formatting options in the top section of inputs apply to the left profile. The ones in the following "Right format" section apply to the right profile.
Calculation Mode
The "Calculation" input field allows the selection of one of two modes which applies to single-sided profiles only. Values can represent the simple total of volume or ticks at each level, or their delta. The mode has no effect when a double-sided profile is used because then, the total is represented by the sum of the left and right sides. Note that when totals are selected, all levels appear in the up color.
Age
The age of each level is always displayed as one of four line thicknesses. Thicker lines are used for the youngest levels. The age of levels is determined by averaging the times of the updates composing that level. When viewing double-sided profiles, the age of each side is calculated independently, which entails you can have a down level on the left side of the profile appear thinner than its corresponding up side level line on the right side because the updates composing the up side are more recent. When calculating the age of single-sided profiles, the age of the up/down values aggregated to calculate the side are averaged. Since they may be different, the averaged level ages will not be as responsive as when using a double-sided profile configuration, where the age of levels on each side is calculated independently and follows price action more closely. Moreover, when displaying two single-sided profiles (volume on one side and ticks on the other), the age of both sides will match because they are calculated from the same realtime updates.
Profile Resets
The profile can reset on timeframes or trend changes. The usual timeframe selections are available, including the chart's, in which case the profile will reset on each new chart bar. One of two trend detection logics can be used: Supertrend or the one used by LazyBear in his Weis Wave indicator . Settings for the trend logics are in the bottommost section of the inputs, where you can also control the display of trend changes and states. Note that the "Timeframe" field's setting also applies to the trend detection mechanism. Whatever the timeframe used for trend detection, its logic will not repaint.
Format
Formatting a profile for charts is often a challenge for traders, and this one is no exception. Varying zoom factors on your chart and the frequency of profile resets will require different profile formats. You can achieve a reasonable variety of effects by playing with the following input fields:
• "Resets on" controls how frequently new profiles are drawn. Spacing out profiles between bars can help make them more usable.
• "Levels" determines the maximum quantity of levels displayed.
• "Offset" allows you to shift the profile horizontally.
• "Profile size" affects the global size of the profile.
• Another "Size" field provides control over the size of the totals displayed above the profile.
• "Maximum line length" controls how far away from the center of the bar the lines will stretch left and right.
Colors
The color and brightness of levels and totals always allows you to determine the winning side between up and down values. On double-sided profiles, each side is always of one color, since the left side is down values and the right side, up values. However, the losing side is colored with half its brightness, so the emphasis is put on the winning side. When there is no winner, the toned-down version of each color is used for both sides. Single-sided profiles use the up and down colors in full brightness on the same side. Which one is used reflects the winning side.
Candles
The indicator can color candle bodies and borders independently. If you choose to do so, you may want to disable the chart's bars by using the eye icon near the symbol's name.
Tooltips
A tooltip showing the value of each level is available. If they do not appear when hovering over levels, select the indicator by clicking on its chart name. This should get the tooltips working.
Data Window
As usual, I provide key values in the Data Window, so you can track them. If you compare total realtime volumes for the profile and the built-in "Volume" indicator, you may see variations at some points. They are due to the different mechanisms running each program. In my experience, the values from the built-in don't always update as often as those of the profile, but they eventually catch up.
█ LIMITATIONS
• The levels do not appear exactly at the position they are calculated. They are positioned slightly lower than their actual price levels.
• Drawing a 20-level double-sided profile with totals requires 42 labels. The script will only display the last 500 labels,
so the number of levels you choose affects how many past profiles will remain visible.
• The script is quite taxing, which will sometimes make the chart's tab less responsive.
• When you first load the indicator on a chart, it will begin calculating from that moment; it will not take into account prior chart activity.
• If you let the script run long enough when using profile reset criteria that make profiles last for a long time, the script will eventually run out of memory,
as it will be tracking unmanageable amounts of chart updates. I don't know the exact quantity of updates that will cause this,
but the script can handle upwards of 60K updates per profile, which should last 1D except on the most active markets. You can follow the number of updates in the Data Window.
• The indicator's nature makes it more useful at very small timeframes, typically in the sub 15min realm.
• The Weis Wave trend detection used here has nothing to do with how David Weis detects trend changes.
LazyBear's version was a port of a port, so we are a few generations removed from the Weis technique, which uses reversals by a price unit.
I believe the version used here is useful nonetheless because it complements Supertrend rather well.
█ NOTES
The aggregated view that volume and tick profiles calculate for traders is a good example of one of the most useful things software can do for traders: look at things from a methodical, mathematical perspective, and present results in a meaningful way. Profiles are powerful because, if the volume data they use is of good enough quality, they tell us what levels are important for traders, regardless of the nature or rationality of the methods traders have used to determine those levels. Profiles don't care whether traders use the news, fundamentals, Fib numbers, pivots, or the phases of the moon to find "their" levels. They don't attempt to forecast or explain markets. They show us real stuff containing zero uncertainty, i.e., what HAS happened. I like this.
The indicator's "VPAA" chart name represents four of the five dimensions the indicator displays: volume, price, activity and age. The time dimension is implied by the fact it's a profile — and I couldn't find a proper place for a "T" in there )
I have not included alerts in the script. I may do so in the future.
For the moment, I have no plans to write a profile indicator that works on historical bars. TradingView's volume profiles already do that, and they run much faster than Pine versions could, so I don't see the point in spending efforts on a poor ersatz.
For Pine Coders
• The script uses labels that draw varying quantities of characters to break the limitation constraining other Pine plots/lines to bar boundaries.
• The code's structure was optimized for performance. When it was feasible, global arrays, "input" and other variables were used from functions,
sacrificing function readability and portability for speed. Code was also repeated in some places, to avoid the overhead of frequent function calls in high-traffic areas.
• I wrote my script using the revised recommendations in the Style Guide from the Pine v5 User Manual.
█ THANKS
• To Duyck for his function that sorts an array while keeping it in synch with another array.
The `sortTwoArrays()` function in my script is derived from the Pine Wizard 's code.
• To the one and only Maestro, RicardoSantos , the creative volcano who worked hard to write a function to produce fixed-width, figure space-padded numeric values.
A change in design made the function unnecessary in this script, but I am grateful to you nonetheless.
• To midtownskr8guy , another Pine Wizard who is also a wizard with colors. I use the colors from his Pine Color Magic and Chart Theme Simulator constantly.
• Finally, thanks to users of my earlier "Delta Volume" scripts. Comments and discussions with them encouraged me to persist in figuring out how to achieve what this indicator does.
QuadropocketJe vous présente Quadropocket ( Script avec config par default pour cross Leverage ) a vous d'adaptez vos leviez ou vos holds
Il ce compose de :
- Retracement Gann pour s'adapter plus facilement au grosse réactions de marché comparé au fibonacci qui sont plus adapté a des mouvement de vagues , a cela est adapté du LSMA pour l'indication claire et net de la tendance lors du cross .
- Oscillateur de prix moyen pondéré en fonction du volume .
- ATR 14 pour calculer la tendance de la journée par rapport a la volatilité en cas de changement de tendance ou cassure Resistance/Support .
- RSX de Jurik pour évitez les bruit de mèches du RSI qui n'ont pas leurs place dans une stratégie de tendance .
- RSX-D pour les safe stop en petites UTs .
- BULL BEAR power trend en suppléments pour les confirmations de changements de tendance , ou confirmations de tendance .
- Indice d'agitation (CHOP) pour voir si les loups sont agités et si le scalp en vos le coup compte tenu de la volatilité , pour une compréhension de l'indicateur ; les valeurs plus élevées indiquent une consolidation, tandis que les valeurs moins élevées indiquent des tendances directionnelles .
-Slow Stochastic pour les entrée en tendance .
- Confiance du marché par rapport a la journée précédentes 0 = manque de confiance du marché , 100 = confiance en ce marché (volumes de transactions constant) .
- Bandes de Bollinger .
- Pivots courts(200 périodes ) , moyens(500 périodes ) , longs thermes (1400 périodes ) .
- Jurik MA pour éviter les bruits et les décalages temporaires des MA qui peuvent nous faire perdre un temps précieux sur un retournement de tendance .
- Volume Delta pour le calcul de l'offre et la demande suivant les zones de distributions .
- Klinger Volume pour déterminer la tendance haussière ou baissière des prix en intraday produit par la pression des acheteurs ou vendeurs et retenir les points haut/bas .
- Moyennes mobiles 55/200/400/800/1200 .
- Ichimoku spécial crypto 20-60-120-30 .
- Nuage Supertrend double setup (2-44 4-144) pour les invalidations (3-10 6-10) pour les entrées .
Tout cela accompagné d'un label pour un aperçu du trade en un coup d'œil
Tout compléments ou back testing que ce soit BTCUSDT / ETHUSDT est toujours le bienvenue
===================================================================================================================
Note: Testé avec différentes UT en PaperTrading avant tout trades en argent Réel
- Unité de temps préféré = m3
- Paires preféré = BTC_USDTPerp
===================================================================================================================
For english community
I present to you Quadropocket (Script with config by default for cross Leverage) to you to adapt your levies or your holds
It consists of:
- Retracement Gann to adapt more easily to large market reactions compared to fibonacci which are more adapted to wave movements, this is adapted from LSMA for the clear and clear indication of the trend during the cross.
- Volume weighted average price oscillator.
- ATR 14 to calculate the trend of the day in relation to the volatility in the event of a trend change or Resistance / Support breakout.
- Jurik's RSX to avoid the noise of RSI bits that have no place in a trend strategy.
Jurik RSX
- RSX-D for safe stops in small UTs.
RSX-D
- BULL BEAR power trend in supplements for confirmations of trend changes, or confirmations of trend.
Bull Bear Power Trend
- Agitation index (CHOP) to see if the wolves are agitated and if the scalp in your shot given the volatility, for an understanding of the indicator; higher values indicate consolidation, while lower values indicate directional trends.
-Slow Stochastic for entry into trend.
- Market confidence compared to the previous day 0 = lack of confidence in the market, 100 = confidence in this market (constant transaction volumes).
Excel Confidence%
- Bollinger bands.
- Short pivot (200 periods), medium (500 periods), long thermal baths (1400 periods).
- Jurik MA to avoid noise and temporary shifts in MA which can waste precious time on a trend reversal.
Jurik Moving Average
- Delta volume for the calculation of supply and demand according to the distribution zones.
- Klinger Volume to determine the upward or downward trend in intraday prices produced by pressure from buyers or sellers and retain high / low points.
- Moving averages 55/200/400/800/1200.
- Special crypto Ichimoku 20-60-120-30.
- Nuage Supertrend double setup (2-44 4-144) for invalidations (3-10 6-10) for entries.
All this accompanied by a label for an overview of the trade at a glance
Any additions or back testing whether BTCUSDT / ETHUSDT is always welcome
=================================================== =================================================== ===============
Note: Tested with different TUs in PaperTrading before any real money trades
- Preferred unit of time = m3
- Preferred pairs = BTC_USDTPerp
=================================================== =================================================== ===============
GMS: SuperDuperTrend IndicatorFinally, I'm posting this!
Okay so here's the deal. This is my variation of a supertrend indicator... in the sense that the colors and levels will swap back and forth like a traditional supertrend but these are obviously bands... The only possible adjustments are which moving average you want to use, it's length, the ATR length, and of course the input price.
Blue bands are support, red bands are resistance. As soon as you break support (blue) you will see the resistance (red) pop up and vice versa. It is possible to see both at the same time, that just indicates a range bound situation.
I really like this to a) identify trend and b) trade within the trend. So there are two ways to interpret this...
1. Trade with the trend - long on a breakout or short on a breakdown.
2. Trade within the trend - buy the dip within the uptrend or short the rip within a downtrend.
These levels could also be decent places to look to set stop losses too.
Personally I like the second method of trading within the trend, after all it is your friend... most of the time lol
The default settings are what I use and they tend to work on anytime frame, chart type, or market. But as always tinker with it a bit to find where and when it works best for you!
Hope this helps,
Andre
FXReaper X (Master) P1
OANDA:GBPAUD
This indicator includes all of the best indicators utilized for optimal trading.
The indicator includes the following:
- Fibonacci
- MA Ribbon
- SuperTrend
- Buy & Sell Signals
How to Use
How to use this indicator depends on you as the trader, how to best utilize this objectively is to apply it as confluence to your analysis.
- Buy/Sell signal (In your bias direction)
- Fibonacci golden zone (entry)
- SuperTrend (fits your trend bias)
- Ribbon (additional trend bias)
Ideally, you would use this to catch the best entries near support/resistance levels.
I.e. Buying off bounce of support level using signal and super trend.
Disclaimer
This by no means is a guaranteed signal. These should be used as confluence to your own technical/fundamental analysis.
Do not rely on this solely unless you know what you are doing.
These indicators were pulled and modified from existing indicators and adjusted to our personal preferences.
There are custom inputs for those to adjust to their own liking.
How to Get Access
To get access please send me a private message via TradingView.
ViPro Trend v3.0This indicator is based on few combination of indicators as listed below:
a. volume indicator
b. ATR indicator (Supertrend)
Two signal will be shown in the chart i.e. cross sign as uptrend and circle sign as down trend.
How the indicator works?
a. It filters candles below 2 supertrend lines and shows the cross or circle sign as output
b. The volume filter also included where it filter the cross and circle sign based on the rise of the volume.
The trend factors and no of candles for volume can be adjusted in the user interface.
This indicator repaints, so long or short position should be based on the signal on second candle.
Please share your comments as message directly to me, thanks.
super Z Ok I try to make this indicator to be a super trend based on candles MTF , need to be warned that it can repaint , I did not had time to check this issue so i post it as idea only (if such issue exist let me know )
the trendline is not repaint based on VHMA (or volume HMA ) that i posted last time
So it a cool idea to make the supertrend in this way ,but need to be tested further
signals are based on this supertrend
MesattoTrend v1 - MesattoCapitalWelcome to MesattoTrend v1
How to use it:
1- VWAP(pink line)
BUY Scenario, VWAP will act as your base, it has to be below price to be a valid buy.
SELL Scenario, VWAP will be higher and act as resistance.
2- Support/Resistance lines will give you an idea on where prices
might pullback or increase in volume for a breakout.
3- Supertrend(green/red cross)
Supertrend will act as your Stop point. Use it as reference together with
support/resist lines to set your stoploss/gain
Reminder: Use it at your own risk, an indicator serves to assist you on taking a trade, always look for confimation before trading.
Link to my bottom indicator
comment below if you would like more adjustments.
Moving Averages (Self-Adjusting Param for Highest Profitability)Moving Averages (Self-Adjusting Parameters for Highest Profitability)
It is a dual moving average crossover system - Smart Moving Averages .
Moving averages are used to identify current price developments and the potential for a change in an established trend.
The crossover in a dual moving average system can be used as a trigger to buy or to sell an asset, or as a trend reversal indication.
The crossover occurrence depends on the periods for which the moving averages are calculated. Using constant period values may not bring the best results.
The Smart Moving Averages change their periods automatically to get the highest profitability .
The concept is similar to the Smart SuperTrend .
Features:
• Self-Adjusting Period parameters
• The graphs for Profitability, Moving Average 1 Period, Moving Average 2 Period and the Moving Averages themselves are available to choose for display from the indicator settings
• A chart layout can be made just for the Smart Moving Averages, having all the graphs nicely displayed
• Alerts for changes in Trend, Moving Average 1 Period, Moving Average 2 Period, Profitability
• Different types of Moving Averages are available to choose from in the indicator settings (SMA, EMA, RMA, WMA, VWMA, DEMA, TEMA, HullMA, TMA).
The range for Moving Average 1 Period, Moving Average 2 Period and Time can be changed in the indicator settings (suggested optimal values are displayed on the chart).
This affects the loading speed (smaller range, faster to load), as well as the accuracy of the signals.
The indicator switches to the most profitable Moving Average 1 Period and Moving Average 2 Period parameters automatically, in real-time.
It scans across the entire historical data made available by TradingView.
The Smart Moving Average system works on all timeframes and symbols available on TradingView.
Exception for when the Volume Weighted Moving Average is used - it doesn't work for symbols without volume data.
It does not repaint!
But several aspects must be considered:
- 1. TradingView periodically removes access to old data while giving access to new data in real-time.
____ The frequency depends on the timeframe, amount of data. It can happen daily for second charts, weekly for minute charts.
____ Since the Indicator wouldn't have access to that old data anymore, the Profitability may change its value, causing a certain degree of repainting.
- 2. The starting time for Backtest must be inserted in the settings panel.
____ As long as the starting time has available price data, the Smart Moving Averages will NOT get repainted.
____ A suggested starting date for the analysis is shown on the chart. Insert the date in the indicator settings.
This indicator is compatible with the Wrapper Module of the Risk Management System indicator, which means they can work together as a trading bot.
Easy Sys 1I just updated Easy indicator to make it little more advance
add (SAR,Zigzag,Supertrend etc)
very important that when you set the info panel make sure its in correct position , so here in btc 4 hour chart I put 10500
for other tf or assets this you need to fix by your own. so lets say you load xrp then put a number like 0.3 and try to see if it fit.
the buy and sell based on score of the indicators total
the colors are based on supertrend
so main purpose here to get much info fast on one chart before to make a move to buy or sell based on multiple indicators
