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CE - 42MACRO Equity Factor Table This is Part 1 of 2 from the 42MACRO Recreation Series The CE - 42MACRO Equity Factor Table is a whole toolbox packaged in a single indicator. It aims to provide a probabilistic insight into the market realized GRID Macro Regime, use a multiplex of important Assets and Indices to form a high probability Implied Correlation expectation and allows to derive extra market insights by showing the most important aggregates and their performance over multiple timeframes... and what that might mean for the whole market direction, as well as the underlying asset. WARNING By the nature of the macro regimes, the outcomes are more accurate over longer Chart Timeframes (Week to Months). However, it is also a valuable tool to form a proper, market realized, short to medium term bias. NOTE This Indicator is intended to be used alongside the 2nd part "CE - 42MACRO Yield and Macro" for a more wholistic approach and higher accuracy. Due to coding limitations they can not be merged into one Indicator. Methodology: The Equity Factor Table tracks specifically chosen Assets to identify their performance and add the combined performances together to visualize 42MACRO's GRID Equity Model. For this it uses the below Assets, with more to come: Dividend Compounders ( AMEX:SPHD ) Mid Caps ( AMEX:VO ) Emerging Markets ( AMEX:EEM ) Small Caps ( AMEX:IWM ) Mega Cap Growth ( NASDAQ:QQQ ) Brazil ( AMEX:EWZ ) United Kingdom ( AMEX:EWU ) Growth ( AMEX:IWF ) United States ( AMEX:SPY ) Japan ( AMEX:DXJ ) Momentum ( AMEX:MTUM ) China ( AMEX:FXI ) Low Beta ( AMEX:SPLV ) International ex-US ( NASDAQ:ACWX ) India ( AMEX:INDA ) Eurozone ( AMEX:EZU ) Quality ( AMEX:QUAL ) Size ( AMEX:OEF ) Functionalities: 1. Correlations Takes a measure of Cross Market Correlations 2. Implied Trend Calculates the trend for each Asset and uses the Correlation to obtain the Implied Trend for the underlying Asset There are multiple functionalities to enhance Signal Speed and precision... Reading a signal only over a certain threshold, otherwise being colored in gray to signal noise or unclear market behavior Normalization of Signal Double Normalization of Signal for more Speed... ideal for the Crypto Market Using an additional Hull Moving Average to enhance Signal Speed Additional simple Background coloring to get a Signal from the HMA Barcoloring based on the Implied Correlation 3. Equity Factor Table Shows market realized Asset performance Provides the approximate realized GRID market regimes Informs about "Risk ON" and "Risk OFF" market states Now into the juicy stuff... Visuals: There is a variety of options to change visual settings of what is plotted and where + additional considerations. Everything that is relevant in the underlying logic which can improve comprehension can be visualized with these options. More to come Market Correlation: The Market Correlation Table takes the Correlation of all the Assets to the Asset on the Chart, it furthermore uses the Normalized KAMA Oscillator by IkkeOmar to analyse the current trend of every single Asset. (To enhance the Signal you can apply the mentioned Indicator on the relevant Assets to find your target Asset movements that you intend to capture... and then change the length of the Indicator in here) It then Implies a Correlation based on the Trend and the Correlation to give a probabilistically adjusted expectation for the future Chart Asset Movement. This is strengthened by taking the average of all Implied Trends. Thus the Correlation Table provides valuable insights about probabilistically likely Movement of the Asset over the defined time duration, providing alpha for Traders and Investors alike. Equity Factors: The table provides valuable information about the current market environment (whether it's risk on or risk off), the rough GRID models from 42MACRO and the actual market performance. This allows you to obtain a deeper understanding of how the market works and makes it simple to identify the actual market direction, makes it possible to derive overall market Health and shows market strength or weakness. Utility: The Equity Factor Table is divided in 4 Sections which are the GRID regimes: Economic Growth: Goldilocks Reflation Economic Contraction: Inflation Deflation Top 5 Equity Factors: Are the values green for a specific Column? If so then the market reflects the corresponding GRID behavior. Bottom 5 Equity Factors: Are the values red for a specific Column? If so then the market reflects the corresponding GRID behavior. So if we have Goldilocks as current regime we would see green values in the Top 5 Goldilocks Cells and red values in the Bottom 5 Goldilocks Cells. You will find that Reflation will look similar, as it is also a sign of Economic Growth. Same is the case for the two Contraction regimes. This whole Indicator, as well as the second part, is based to a majority on 42MACRO's models. I only brought them into TV and added things on top of it. If you have questions or need a more in-depth guide DM me. Will make a guide to all functionalities if necessity becomes apparent. GM
Indicatore Pine Script®
di Celestial-Eye
19
MACDh with divergences & impulse system----------------------------------------------------------------- General Description: This indicator ( the one on the low panel ) is a classic MACD that also shows regular divergences between its histogram and the prices. This script is special because it can be adjusted to fit several criteria when trading divergences filtering them according to the "height" and "width" of the patterns. The script also includes the "extra feature" Impulse System, which you will hardly find anywhere else in similar classic MACD histogram divergence indicators. The indicator helps to find trend reversals, and it works on any market, any instrument, any timeframe, and any market condition (except against really strong trends that do not show any other sign of reversion yet). Please take on consideration that divergences should be taken with caution. ----------------------------------------------------------------- Definition of classic Bullish and Bearish divergences: * Bearish divergences occur in uptrends identifying market tops. A classical or regular bearish divergence occurs when prices reach a new high and then pull back, with an oscillator (MACD histogram in this case) dropping below its zero line. Prices stabilize and rally to a higher high, but the oscillator reaches a lower peak than it did on a previous rally. In the chart above (weekly charts of NKE, Nike, Inc.), in area X (around August 2021), NKE rallied to a new bull market high and MACD-Histogram rallied with it, rising above its previous peak and showing that bulls were extremely strong. In area Y, MACD-H fell below its centerline and at the same time prices punched below the zone between the two moving averages. In area Z, NKE rallied to a new bull market high, but the rally of MACD-H was feeble, reflecting the bulls’ weakness. Its downtick from peak Z completed a bearish divergence, giving a strong sell signal and auguring a nasty bear market. * Bullish divergences , in the other hand, occur towards the ends of downtrends identifying market bottoms. A classical (also called regular) bullish divergence occurs when prices and an oscillator (MACD histogram in this case) both fall to a new low, rally, with the oscillator rising above its zero line, then both fall again. This time, prices drop to a lower low, but the oscillator traces a higher bottom than during its previous decline. In the example in the chart above (weekly charts of NKE, Nike, Inc.), you see a bearish divergence that signaled the October 2022 bear market bottom, giving a strong buy signal right near the lows. In area A, NKE (weekly charts) appeared in a free fall. The record low A of MACD-H indicated that bears were extremely strong. In area B, MACD-H rallied above its centerline. Notice the brief rally of prices at that moment. In area C, NKE slid to a new bear market low, but MACD-H traced a much more shallow low. Its uptick completed a bullish divergence, giving a strong buy signal. ----------------------------------------------------------------- Extra feature: Impulse System This indicator also includes the “ Impulse System ”. The Impulse System is based on two indicators, a 13-day exponential moving average and the MACD-Histogram, and identifies inflection points where a trend speeds up or slows down. The moving average identifies the trend, while the MACD-Histogram measures momentum. This unique indicator combination is color coded into the price bars or macd histogram bars for easy reference. Calculation: Green Price Bar: (13-period EMA > previous 13-period EMA) and (MACD-Histogram > previous period's MACD-Histogram) Red Price Bar: (13-period EMA < previous 13-period EMA) and (MACD-Histogram < previous period's MACD-Histogram) Histogram bars are colored blue when conditions for a Red Histogram Bar or Green Histogram Bar are not met. The MACD-Histogram is based on MACD(12,26,9). The Impulse System works more like a censorship system. Green histogram bars show that the bulls are in control of both trend and momentum as both the 13-day EMA and MACD-Histogram are rising (you don't have permission to sell). A red histogram bar indicates that the bears have taken control because the 13-day EMA and MACD Histogram are falling (you don't have permission to buy). A blue histogram bar indicates mixed technical signals, with neither buying nor selling pressure predominating (either both buying or selling are permitted). The impulse system can be removed from the chart any time. ----------------------------------------------------------------- Options/adjustments for this indicator: *Horizontal Distance (width) between two tops/bottoms criteria. Refers to the horizontal distance between the MACH histogram peaks involved in the divergence *Height of tops/bottoms criteria (for Histogram). Refers to the difference/relation/vertical distance between the MACH HISTOGRAM peaks involved in the divergence: 1st Histogram Peak is X times the 2nd. *Height/Vertical deviation of tops/bottoms criteria (for Price). Deviation refers to the difference/relation/vertical distance between the PRICE peaks involved in the divergence. *Plot Regular Bullish Divergences?. *Plot Regular Bearish Divergences?. *Delete Previous Cancelled Divergences?. *This indicator also has the option to show the Impulse System over the MACD histogram bars
Indicatore Pine Script®
di jorgelg93
8
CandlestickPatternsLibrary "CandlestickPatterns" This library provides a wide range of candlestick patterns, and available for user to call each pattern individually. It's a comprehensive and common tool designed for traders seeking to raise their technical analysis, and it may help users identify key turning of price action in financial instruments. Credit to public technical “*All Candlestick Patterns*” indicator. abandonedBaby(order, d1)   The "Abandoned Baby" candlestick pattern is a bullish/bearish pattern consists of three candles.   Parameters:      order (simple string) : (simple string) Pattern order type "bull" or "bear".      d1 (simple float) : (simple float) Previous candle's body percentage out of candle range. Optional argument, default is 5. darkCloudCover(c1, n)   The "Dark Cloud Cover" is a bearish pattern consists of two candles.   Parameters:      c1 (simple bool) : (simple bool) Previous candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. doji(d0)   The "Doji" is neither bullish or bearish consists of one candles.   Parameters:      d0 (simple float) : (simple float) Current candle's body percentage out of candle range. Optional argument, default is 5. dojiStar(order, c1, n, d0)   The "Doji Star" is a bullish/bearish pattern consists of two candles.   Parameters:      order (simple string) : (simple string) Pattern order type "bull" or "bear" .      c1 (simple bool) : (simple bool) Previous candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14.      d0 (simple float) : (simple float) Current candle's body percentage out of candle range. Optional argument, default is 5. downsideTasukiGap(c2, c1, n)   The "Downside Tasuki Gap" is a bearish pattern consists of three candles.   Parameters:      c2 (simple bool) : (simple bool) Before previous candle's body must be higher than average. Optional argument, default is true.      c1 (simple bool) : (simple bool) Previous candle's body must be lower than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. dragonflyDoji(d0)   The "Dragon Fly Doji" is a bullish pattern consists of one candle.   Parameters:      d0 (simple float) : (simple float) Current candle's body percentage out of candle range. Optional argument, default is 5. engulfing(order, c1, c0, n)   The "Engulfing" is a bullish/bearish pattern consists of two candles.   Parameters:      order (simple string) : (simple string) Pattern order type "bull" or "bear".      c1 (simple bool) : (simple bool) Previous candle's body must be lower than average. Optional argument, default is true.      c0 (simple bool) : (simple bool) Current candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. eveningDojiStar(c2, c0, d1, n)   The "Evening Doji Star" is a bearish pattern consists of three candles.   Parameters:      c2 (simple bool) : (simple bool) Before previous candle's body must be higher than average, default is true.      c0 (simple bool) : (simple bool) Current candle's body must be higher than average. Optional argument, default is true.      d1 (simple float) : (simple float) Previous candle's body percentage out of candle range. Optional argument, default is 5.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. eveningStar(c2, c1, c0, n)   The "Evening Star" is a bearish pattern consists of three candles.   Parameters:      c2 (simple bool) : (simple bool) Before previous candle's body must be higher than average. Optional argument, default is true.      c1 (simple bool) : (simple bool) Previous candle's body must be lower than average. Optional argument, default is true.      c0 (simple bool) : (simple bool) Current candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. fallingThreeMethods(c4, c3, c2, c1, c0, n)   The "Falling Three Methods" is a bearish pattern consists of five candles.   Parameters:      c4 (simple bool) : (simple bool) 5th candle ago body must be higher than average. Optional argument, default is true.      c3 (simple bool) : (simple bool) 4th candle ago body must be lower than average. Optional argument, default is true.      c2 (simple bool) : (simple bool) 3rd candle ago body must be lower than average. Optional argument, default is true.      c1 (simple bool) : (simple bool) 2nd candle ago body must be lower than average. Optional argument, default is true.      c0 (simple bool) : (simple bool) Current candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14.   Returns: (bool) fallingWindow()   The "Falling Window" is a bearish pattern consists of two candles. gravestoneDoji(d0)   The "Gravestone Doji" is a bearish pattern consists of one candle.   Parameters:      d0 (simple float) : (simple float) Current candle's body percentage out of candle range. Optional argument, default is 5. hammer(c0, n)   The "Hammer" is a bullish pattern consists of one candle.   Parameters:      c0 (simple bool) : (simple bool) Current candle's body must be lower than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. hangingMan(c0, n)   The "Hanging Man" is a bearish pattern consists of one candle.   Parameters:      c0 (simple bool) : (simple bool) Current candle's body must be lower than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. haramiCross(order, c1, n)   The "Harami Cross" candlestick pattern is a bullish/bearish pattern consists of two candles.   Parameters:      order (string) : (simple string) Pattern order type "bull" or "bear".      c1 (simple bool) : (simple bool) Previous candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. harami(order, c1, c0, n)   The "Harami" candlestick pattern is a bullish/bearish pattern consists of two candles.   Parameters:      order (string) : (simple string) Pattern order type "bull" or "bear"      c1 (simple bool) : (simple bool) Previous candle's body must be higher than average. Optional argument, default is true.      c0 (simple bool) : (simple bool) Current candle's body must be lower than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. invertedHammer(c0, n)   The "Inverted Hammer" is a bullish pattern consists of one candle.   Parameters:      c0 (simple bool) : (simple bool) Current candle's body must be lower than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. kicking(order, c1, c0, n)   The "Kicking" candlestick pattern is a bullish/bearish pattern consists of two candles.   Parameters:      order (string) : (simple string) Pattern order type "bull" or "bear"      c1 (simple bool) : (simple bool) Previous candle's body must be higher than average. Optional argument, default is true.      c0 (simple bool) : (simple bool) Current candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. longLowerShadow(l0)   The "Long Lower Shadow" candlestick pattern is a bullish pattern consists of one candles.   Parameters:      l0 (simple float) : (simple float) Current candle's lower wick min percentage out of candle range. Optional argument, default is 75. longUpperShadow(u0)   The "Long Upper Shadow" candlestick pattern is a bearish pattern consists of one candles.   Parameters:      u0 (simple float) : (simple float) Current candle's upper wick min percentage out of candle range. Optional argument, default is 75. marubozuBlack(c0, n)   The "Marubozu Black" candlestick pattern is a bearish pattern consists of one candles.   Parameters:      c0 (simple bool) : (simple bool) Current candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. marubozuWhite(c0, n)   The "Marubozu White" candlestick pattern is a bullish pattern consists of one candles.   Parameters:      c0 (simple bool) : (simple bool) Current candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. morningDojiStar(c2, d1, c0, n)   The "Morning Doji Star" candlestick pattern is a bullish pattern consists of three candles.   Parameters:      c2 (simple bool) : (simple bool) Before previous candle's body must be higher than average. Optional argument, default is true.      d1 (simple float) : (simple float) Previous candle's body percentage out of candle range. Optional argument, default is 5.      c0 (simple bool) : (simple bool) Current candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. morningStar(c2, c1, c0, n)   The "Morning Star" candlestick pattern is a bullish pattern consists of three candles.   Parameters:      c2 (simple bool) : (simple bool) Before previous candle's body must be higher than average. Optional argument, default is true.      c1 (simple bool) : (simple bool) Previous candle's body must be lower than average. Optional argument, default is true.      c0 (simple bool) : (simple bool) Cuurent candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. onNeck(c1, c0, n)   The "On Neck" candlestick pattern is a bearish pattern consists of two candles.   Parameters:      c1 (simple bool) : (simple bool) Previous candle's body must be higher than average. Optional argument, default is true.      c0 (simple bool) : (simple bool) Cuurent candle's body must be lower than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. piercing(c1, n)   The "Piercing" candlestick pattern is a bullish pattern consists of two candles.   Parameters:      c1 (simple bool) : (simple bool) Previous candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. risingThreeMethods(c4, c3, c2, c1, c0, n)   The "Rising Three Methods" candlestick pattern is a bullish pattern consists of five candles.   Parameters:      c4 (simple bool) : (simple bool) 5th candle ago body must be higher than average. Optional argument, default is true.      c3 (simple bool) : (simple bool) 4th candle ago body must be Lower than average. Optional argument, default is true.      c2 (simple bool) : (simple bool) 3rd candle ago body must be Lower than average. Optional argument, default is true.      c1 (simple bool) : (simple bool) 2nd candle ago body must be Lower than average. Optional argument, default is true.      c0 (simple bool) : (simple bool) Current candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. risingWindow()   The "Rising Window" candlestick pattern is a bullish pattern consists of two candle. shootingStar(c0, n)   The "Shooting Star" candlestick pattern is a bearish pattern consists of one candle.   Parameters:      c0 (simple bool) : (simple bool) Current candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. spinningTopBlack(l0, u0)   The "Spinning Top Black" is neither bullish or bearish.   Parameters:      l0 (simple float) : (simple float) Current candle's lower wick min percentage out of candle range. Optional argument, default is 34.      u0 (simple float) : (simple float) Current candle's upper wick min percentage out of candle range. Optional argument, default is 34. spinningTopWhite(l0, u0)   The "Spinning Top White" is neither bullish or bearish.   Parameters:      l0 (simple float) : (simple float) Current candle's lower wick min percentage out of candle range. Optional argument, default is 34.      u0 (simple float) : (simple float) Current candle's upper wick min percentage out of candle range. Optional argument, default is 34. threeBlackCrows(c2, c1, c0, n)   The "Three Black Crows" candlestick pattern is a bearish pattern consists of three candles.   Parameters:      c2 (simple bool) : (simple bool) Before previous candle's body must be higher than average. Optional argument, default is true.      c1 (simple bool) : (simple bool) Previous candle's body must be higher than average. Optional argument, default is true.      c0 (simple bool) : (simple bool) Cuurent candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. threeWhiteSoldiers(c2, c1, c0, n)   The "Three White Soldiers" candlestick pattern is a bullish pattern consists of three candles.   Parameters:      c2 (simple bool) : (simple bool) Before previous candle's body must be higher than average. Optional argument, default is true.      c1 (simple bool) : (simple bool) Previous candle's body must be higher than average. Optional argument, default is true.      c0 (simple bool) : (simple bool) Cuurent candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. triStar(order, d2, d1, d0)   The "Tri Star" candlestick pattern is a bullish/bearish pattern consists of three candles.   Parameters:      order (simple string) : (simple string) Pattern order type "bull" or "bear".      d2 (simple float) : (simple float) Before previous candle's body percentage out of candle range. Optional argument, default is 5.      d1 (simple float) : (simple float) Previous candle's body percentage out of candle range. Optional argument, default is 5.      d0 (simple float) : (simple float) Current candle's body percentage out of candle range. Optional argument, default is 5. tweezerBottom(c1, n)   The "Tweezer Bottom" candlestick pattern is a bullish pattern consists of two candles.   Parameters:      c1 (simple bool) : (simple bool) Previous candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. tweezerTop(c1, n)   The "Tweezer Top" candlestick pattern is a bearish pattern consists of two candles.   Parameters:      c1 (simple bool) : (simple bool) Previous candle's body must be higher than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14. upsideTasukiGap(c2, c1, n)   The "Tri Star" candlestick pattern is a bullish pattern consists of three candles.   Parameters:      c2 (simple bool) : (simple bool) Before Previous candle's body must be higher than average. Optional argument, default is true.      c1 (simple bool) : (simple bool) Previous candle's body must be lower than average. Optional argument, default is true.      n (simple int) : (simple int) Length of average candle's body. Optional argument, default is 14.
Libreria Pine Script®
di MUQWISHI
3
REVE Cohorts - Range Extension Volume Expansion CohortsREVE Cohorts stands for Range Extensions Volume Expansions Cohorts. Volume is divided in four cohorts, these are depicted in the middle band with colors and histogram spikes. 0-80 percent i.e. low volumes; these get a green color and a narrow histogram bar 80-120 percent, normal volumes, these get a blue color and a narrow histogram bar 120-200 percent, high volume, these get an orange color and a wide histogram bar 200 and more percent is extreme volume, maroon color and wide bar. All histogram bars have the same length. They point to the exact candle where the volume occurs. Range is divided in two cohorts, these are depicted as candles above and below the middle band. 0-120 percent: small and normal range, depicted as single size, square candles 120 percent and more, wide range depicted as double size, rectangular candles. The range candles are placed and colored according to the Advanced Price Algorithm (published script). If the trend is up, the candles are in the uptrend area, which is above the volume band, , downtrend candles below in the downtrend area. Dark blue candles depict a price movement which confirms the uptrend, these are of course in the uptrend area. In this area are also light red candles with a blue border, these depict a faltering price movement countering the uptrend. In the downtrend area, which is below the volume band, are red candles which depict a price movement confirming the downtrend and light blue candles with a red border depicting price movement countering the downtrend. A trend in the Advanced Price Algorithm is in equal to the direction of a simple moving average with the same lookback. The indicator has the same lagging.as this SMA. Signals are placed in the vacated spaces, e.g. during an uptrend the downtrend area is vacated. There are six signals, which arise as follows: 1 Two blue triangles up on top of each other: high or extreme volume in combination with wide range confirming uptrend. This indicates strong and effective up pressure in uptrend 2 Two pink tringles down on top of each other: high or extreme volume in combination with wide range down confirming downtrend. This indicates strong and effective down pressure in downtrend 3 Blue square above pink down triangle down: extreme volume in combination with wide range countering uptrend. This indicates a change of heart, down trend is imminent, e.g. during a reversal pattern. Down Pressure in uptrend 4 Pink square below blue triangle up: extreme volume in combination with wide range countering downtrend. This indicates a change of heart, reversal to uptrend is imminent. Up Pressure in downtrend 5 single blue square: a. extreme volume in combination with small range confirming uptrend, b. extreme volume in combination with small range countering downtrend, c. high volume in combination with wide range countering uptrend. This indicates halting upward price movement, occurs often at tops or during distribution periods. Unresolved pressure in uptrend 6 Single pink square: a extreme volume in combination with small range confirming downtrend, b extreme volume in combination with small range countering uptrend, c high volume in combination with wide range countering downtrend. This indicated halting downward price movement. Occurs often at bottoms or during accumulation periods. Unresolved pressure in downtrend. The signals 5 and 6 are introduced to prevent flipping of signals into their opposite when the lookback is changed. Now signals may only change from unresolved in directional or vice versa. Signals 3 and 4 were introduced to make sure that all occurrences of extreme volume will result in a signal. Occurrences of wide volume only partly lead to a signal. Use of REVE Cohorts. This is the indicator for volume-range analyses that I always wanted to have. Now that I managed to create it, I put it in all my charts, it is often the first part I look at, In my momentum investment system I use it primarily in the layout for following open positions. It helps me a lot to decide whether to close or hold a position. The advantage over my previous attempts to create a REVE indicator (published scripts), is that this version is concise because it reports and classifies all possible volumes and ranges, you see periods of drying out of volume, sequences of falter candles, occurrences of high morning volume, warning and confirming signals.. The assessment by script whether some volume should be considered low, normal, high or extreme gives an edge over using the standard volume bars. Settings of REVE Cohorts The default setting for lookback is ‘script sets lookback’ I put this in my indicators because I want them harmonized, the script sets lookback according to timeframe. The tooltip informs which lookback will be set at which timeframe, you can enable a feedback label to show the current lookback. If you switch ‘script sets lookback’ off, you can set your own preferred user lookback. The script self-adapts its settings in such a way that it will show up from the very first bar of historical chart data, it adds volume starting at the fourth bar. You can switch off volume cohorts, only range candles will show while the middle band disappears. Signals will remain if volume is present in the data. Some Instruments have no volume data, e.g. SPX-S&P 500 Index,, then only range candles will be shown. Colors can be adapted in the inputs. Because the script calculates matching colors with more transparency it is advised to use 100 percent opacity in these settings. Take care, Eykpunter
Indicatore Pine Script®
di eykpunter
6
[DisDev] D-I-Y Gridbot🟩 This script is a “do-it-yourself” Grid Bot Simulator, used for visualizing support and resistance levels. Prices are divided into grids, or trade zones, that will trigger signals each time a new zone is entered. During ranging markets, each transaction is followed by a “take profit.” As the market starts to trend, transactions are stacked (compare to DCA ), until the market consolidates. No signals are triggered above the upper gridline or below the lower gridline. Unlike the previous version, all grids may be adjusted in real-time by dragging the gridlines up and down to the desired support and resistance levels. When adding the indicator to a new chart, you must choose six grid levels by clicking on the desired support or resistance price. You can change all of these levels at any time directly on the chart. ⚡ OVERVIEW ⚡ The D-I-Y Gridbot is an interactive tool designed for visualizing support and resistance levels. As a continuation of the original Gridbot Simulator , which has received significant recognition on TradingView, earning over 4000 boosts and an Editor's Pick status. This tool serves not only as an evolved version of its predecessor, but also as an open-source template for developing future gridbots. It aims to foster discussions and facilitate innovations around grid-trading strategies. One of the new features of this gridbot is the real-time adjustability of all gridlines. Users can move these lines up and down to set their desired support and resistance levels in response to changing market conditions. Additionally, the D-I-Y Gridbot is compatible with multiple timeframes and can be used on most TradingView charts. Drag gridlines up or down to desired price level. Key Features 🔑 All gridlines are adjustable in real-time, directly on the chart Signals can be filtered by a customizable moving average or by VWAP Customizable support and resistance levels Potentially increases profitability in ranging markets Benefits 💸 Customizable Support and Resistance Levels : The D-I-Y Gridbot allows users to set their preferred support and resistance levels, which can be changed at any time directly on the chart. This provides users with the ability to customize their trading parameters based on their strategy and risk tolerance​​. Various Trading Strategies : The D-I-Y Gridbot supports various trading strategies, including Mean Reversion, Ranging Markets, and Dollar-cost averaging (DCA). This allows users to capitalize on price reversals, execute buy and sell orders at predetermined levels, and buy more of an asset as the price falls, respectively​. Multi-Timeframe and Versatility : The D-I-Y Gridbot is compatible with multiple timeframes and can be used on any TradingView chart. Experimental and Educational : The D-I-Y Gridbot is considered a proof-of-concept tool that is both experimental and educational. This can provide traders with a deeper understanding of grid trading strategies and the ability to experiment with different trading parameters and strategies​. ⚙️ CONFIGURATION & SETTINGS ⚙️ Inputs 🔧 Trigger : Candle location to trigger the signal. "Wick" will use either high or low, depending on the signal direction. "Close" will use the close price. “MA” will use the selected moving average or VWAP. Confirmation : Market direction to confirm the candle trigger. "Reverse" will confirm the signal when the price crosses back over the trigger. "Breakout" will confirm when the price breaks out of the trigger. Number of Support/Resistance zones : 1 = Only Top Grid is Support/Only Bottom Grid is Resistance. 2 = Top two grids are Resistance/Bottom two grids are Support. 3 = Top three grids are Resistance/Bottom three grids are Support MA Type : Exponential Moving Average (EMA), Hull Moving Average (HMA), Simple Moving Average (SMA), Triple Exponential Moving Average (TEMA), Volume Weighted Moving Average (VWMA), Volume Weighted Average Price (VWAP) MA Filter : Use Moving Average as a reversion filter for signals. When enabled, no buys when above MA, no sells when below. Use in conjunction with S/R zones to reduce false signals. Allow Repeat Signals . When enabled, signals will reset when nearest gridline is triggered. When disabled, only one signal will be triggered per gridline. Line/Fill colors Gridlines . Adjusts gridline prices manually. Left : Trigger = Wick. Confirm = Breakout. Buys are signaled when LOW breaks below gridline. Sells are triggered when HIGH breaks above gridline. Right : Trigger = Close. Confirm = Breakout. Buys are signaled when the candle CLOSES below the gridline. Sells are triggered when the candle CLOSES above the gridline. Left : Confirm=Breakout. Signals on breaking through the next gridline. Right : Confirm=Reverse. Signals only when crossing back from the gridline. S/R Zones=1. Upper gridline is Resistance / Lower is Support. Middle 4 are neutral. S/R Zones = 3. Upper three gridlines are Resistance / Lower three are Support Notes: If gridlines are dragged out of order on a live chart, they will auto-sort into the correct order. Price levels may be entered in settings, or adjusted in real-time directly on the chart. When changing symbols, remember to adjust the gridlines to accommodate the new symbol. Alerts 🔔 Users can set alerts based on their chosen parameters for triggers, confirmations, number of support/resistance zones, and smoothing type, enabling precise control over alert conditions. 💡 USAGE & STRATEGY 💡 Trading Strategies 📈 Mean Reversion: The script can be used to capitalize on price reversals back to the mean. Ranging Markets: The script excels in ranging markets, executing buy and sell orders at predetermined levels. Dollar-cost averaging (DCA): The script can be used to execute DCA orders, buying more of an asset as the price falls, and lowering the average cost per unit. Timeframes and Symbols ⌚ Multi-Timeframe: The indicator is compatible with multiple timeframes. Versatile: Can be used on any crypto trading pair on TradingView. 🤖 DETAILS & METHODOLOGY 🤖 Algorithm and Calculation 🛡️ Grids are set and adjusted when loading the indicator on the chart and may be customized anytime afterward by clicking and dragging the gridlines on the chart. Gridlines are updated, sorted, and stored in a float array. Signals are calculated based on candle trigger, market direction, and previous price level. 📚 ADDITIONAL RESOURCES 📚 Chart Examples 📊 S/R Zones = 3: Three Support and Three Resistance. Filter = 50-period Triple Exponential Moving Average (TEMA) S/R Zones = 1: One Support, One Resistance, and Four Neutral Zones. Support Zones: Buys only. Resistance Zones: Sells only. Neutral Zones: Grid-dependent When MA filter is enabled, Buys are only triggered below Moving Average, and Sells are only triggered above. Trigger = Wick. Confirmation = Breakout. Buys are signaled when Low breaks above the next grid level. Sells are signaled when High breaks below the next grid level. 🚀 CONCLUSION 🚀 The D-I-Y Gridbot is a proof-of-concept, emphasizing its experimental and educational nature. In future versions, we will aim to incorporate concepts such as auto-adjusting grids and angled grids for trending markets. The script is designed to evolve through user feedback and suggestions, shaping its future iterations. Credit: This is a continuation of the Gridbot series by xxattaxx-DisDev . Explicit permission was granted by user xxattaxx-disdev to re-use all Gridbot code and all materials without restrictions. ⚠️ DISCLAIMER ⚠️ This indicator is a proof-of-concept and is considered experimental and educational. When gridlines are drawn in hindsight, signals appear to be predictive and valid. Future results may always vary when the trend direction changes. Comments and suggestions are encouraged. This indicator is provided as a tool for traders and should not be used as the sole basis for making trading decisions. Always conduct your own research and consider your risk tolerance before entering any trades.
Indicatore Pine Script®
di DisDev
3
Scalp Tool This script is primarily intended as a scalping tool. The theory of the tool is based on the fact that the price always returns to its mean. Elements used: 1. VWMA as a moving average. VWMA is calculated once based on source close and once based on source open. 2. the bands are not calculated like the Bollinger Band, but only a settlement is calculated for the lower bands based on the Lows and for the upper bands based on the Highs. Thus the bands do not become thicker or thinner, but remain in the same measure to the mean value above or below the price. 3. a volume filter on simple calculation of a MA with deviation. Therefore, it can be identified if a volume breakout has occurred. 4. support and resistance zones which are calculated based on the highs and lows over a certain length. 5. RSI to determine oversold and overbought zones. It also tries to capture the momentum by using a moving average (variable selectable) to filter the signals. The theory is that in an uptrend the RSI does not go below 50 and in a downtrend it does not go above 50. However, this can be very different depending on the financial instrument. Explanation of the signals: The main signal in this indicator Serves for pure short-term trading and is generated purely on the basis of the bands and the RSI. Only the first bands are taken into account. Buy signal is generated when the price opens below the lower band 1 and closes above the lower band 1 or the RSI crosses a value of 25 from bottom to top. Sell signal is generated when the price opens above the Upper Band 1 and closes below the Upper Band 1 or the RSI crosses a value of 75 from top to bottom. The position should be closed when the price hits the opposite band. Alternatively, it can also be closed at the mean. Other side signals: 1. breakouts: The indicator includes 2 support and resistance zones, which differ only in length. For the breakout signals, the short version of the R/S is used. A signal is generated when the price breaks through the zones with increased volume. It is then assumed that the price will continue to follow the breakout. The values of the S/R are adjustable and marked with "BK". The value under Threshold 2 defines the volume breakout. 4 is considered as the highest value. The smaller the value, the smaller the volume must be during a breakout. 2. bounce If the price hits a S/R (here the long variant is used with the designation "Support" or "Resistance") and makes a wick with small volume, the script assumes a bounce and generates a Sell or Buy signal accordingly. The volume can be defined under "Threshold". The S/R according to the designation as well. Combined signals: If the value of the S/R BK and the S/R is the same and the bounce logic of the S/R BK applies and an RSI signal is also generated, a signal is also plotted. Here the idea was to get very strong signals for possible swing entries. 4. RSI Signals The script contains two RSI. RSI 1: Bullish signal is generated when the set value is crossed from the bottom to the top. Bearish signal is generated when the set value is crossed from the top to the bottom. RSI 2: Bullish signal is generated when the set value is crossed from the top to the bottom. Bearish signal is generated when the set value is crossed from bottom to top. For RSI 2 the theory is taken into account according to the description under Used elements point 5 Optical trend filter: Also an optical trend filter was generated which fills the bands accordingly. For this the VWMA is used and the two average values of the band. Color definition: Gray = Neutral Red = Bearish Green = Bullish If the mean value is above the VWMA and the mean value based on the closing price is above the mean value based on the open price, the band is colored green. It is a bullish trend If the mean value is below the VWMA and the mean value based on the closing price is below the mean value based on the open price, the band is colored red. The band is colored gray if the mean value is correspondingly opposite. A sideways phase is assumed. The script was developed on the basis of the pair BTCUSD in the 15 minute chart and the settings were defined accordingly on it. The display of S/R for forex pairs does not work correctly and should be hidden. The logic works anyway. When using the script, all options should first be set accordingly to the asset and tested before trading afterwards. It applies of course also here that there is no 100% guarantee. Also, a strong breakout leads to false signals and overheating of the indicator.
Indicatore Pine Script®
di Demech
4
libhs.log.DEMO◼ Overview This is a demonstration of dual logging library I have ported from my personal use for public use. Please start bar replay from Bar#4, and progress automatically slowly or manually.You would need to go through 450+ bars to see the full capability. Logger=A dual logging library for developers. Tradingview lacks logging capability. This library provided logging while developing your scripts and is to be used by developers when developing and debugging their scripts. Using this library would potentially slow down you scripts. Hence, use this for debugging only. Once your code is as you would like it to be, remove the logging code. ◼︎ Usage (Console): Console = A sleek single cell logging with a limit of 4096 characters. When you dont need a large logging capability. //@version=5 indicator("demo.Console", overlay=true) plot(na) import GETpacman/log/2 as logger var console = logger.log.new() console.init() // init() should be called as first line after variable declaration console.FrameColor:=color.green console.log('\n') console.log('\n') console.log('Hello World') console.log('\n') console.log('\n') console.ShowStatusBar:=true console.StatusBarAtBottom:=true console.FrameColor:=color.blue //settings can be changed anytime before show method is called. Even twice. The last call will set the final value console.ShowHeader:=false //this wont throw error but is not used for console console.show(position=position.bottom_right) //this should be the last line of your code, after all methods and settings have been dealt with. ◼︎ Usage (Logx): Logx = Multiple columns logging with a limit of 4096 characters each message. When you need to log large number of messages. //@version=5 indicator("demo.Logx", overlay=true) plot(na) import GETpacman/log/2 as logger var logx = logger.log.new() logx.init() // init() should be called as first line after variable declaration logx.FrameColor:=color.green logx.log('\n') logx.log('\n') logx.log('Hello World') logx.log('\n') logx.log('\n') logx.ShowStatusBar:=true logx.StatusBarAtBottom:=true logx.ShowQ3:=false logx.ShowQ4:=false logx.ShowQ5:=false logx.ShowQ6:=false logx.FrameColor:=color.olive //settings can be changed anytime before show method is called. Even twice. The last call will set the final value logx.show(position=position.top_right) //this should be the last line of your code, after all methods and settings have been dealt with. ◼︎ Fields (with default settings)   ▶︎ IsConsole         = True  Log will act as Console if true, otherwise it will act as Logx      ▶︎ ShowHeader        = True  (Log only) Will show a header at top or bottom of logx.   ▶︎ HeaderAtTop        = True  (Log only) Will show the header at the top, or bottom if false, if ShowHeader is true.   ▶︎ ShowStatusBar       = True  Will show a status bar at the bottom   ▶︎ StatusBarAtBottom     = True  Will show the status bar at the bottom, or top if false, if ShowHeader is true.   ▶︎ ShowMetaStatus      = True  Will show the meta info within status bar (Current Bar, characters left in console, Paging On Every Bar, Console dumped data etc)      ▶︎ ShowBarIndex       = True  Logx will show column for Bar Index when the message was logged. Console will add Bar index at the front of logged messages   ▶︎ ShowDateTime       = True  Logx will show column for Date/Time passed with the logged message logged. Console will add Date/Time at the front of logged messages   ▶︎ ShowLogLevels       = True  Logx will show column for Log levels corresponding to error codes. Console will log levels in the status bar   ▶︎ ReplaceWithErrorCodes   = True  (Log only) Logx will show error codes instead of log levels, if ShowLogLevels is switched on   ▶︎ RestrictLevelsToKey7    = True  Log levels will be restricted to Ley 7 codes - TRACE, DEBUG, INFO, WARNING, ERROR, CRITICAL, FATAL   ▶︎ ShowQ1          = True  (Log only) Show the column for Q1   ▶︎ ShowQ2          = True  (Log only) Show the column for Q2   ▶︎ ShowQ3          = True  (Log only) Show the column for Q3   ▶︎ ShowQ4          = True  (Log only) Show the column for Q4   ▶︎ ShowQ5          = True  (Log only) Show the column for Q5   ▶︎ ShowQ6          = True  (Log only) Show the column for Q6      ▶︎ ColorText         = True  Log/Console will color text as per error codes   ▶︎ HighlightText        = True  Log/Console will highlight text (like denoting) as per error codes      ▶︎ AutoMerge        = True  (Log only) Merge the queues towards the right if there is no data in those queues.   ▶︎ PageOnEveryBar      = True  Clear data from previous bars on each new bar, in conjuction with PageHistory setting.   ▶︎ MoveLogUp        = True  Move log in up direction. Setting to false will push logs down.   ▶︎ MarkNewBar       = True  On each change of bar, add a marker to show the bar has changed   ▶︎ PrefixLogLevel      = True  (Console only) Prefix all messages with the log level corresponding to error code.   ▶︎ MinWidth   = 40  Set the minimum width needed to be seen. Prevents logx/console shrinking below these number of characters.   ▶︎ TabSizeQ1      = 0   If set to more than one, the messages on Q1 or Console messages will indent by this size based on error code (Max 4 used)   ▶︎ TabSizeQ2      = 0   If set to more than one, the messages on Q2 will indent by this size based on error code (Max 4 used)   ▶︎ TabSizeQ3     = 0   If set to more than one, the messages on Q2 will indent by this size based on error code (Max 4 used)   ▶︎ TabSizeQ4     = 0   If set to more than one, the messages on Q2 will indent by this size based on error code (Max 4 used)   ▶︎ TabSizeQ5     = 0   If set to more than one, the messages on Q2 will indent by this size based on error code (Max 4 used)   ▶︎ TabSizeQ6     = 0   If set to more than one, the messages on Q2 will indent by this size based on error code (Max 4 used)   ▶︎ PageHistory     = 0   Used with PageOnEveryBar. Determines how many historial pages to keep.      ▶︎ HeaderQbarIndex    = 'Bar#'  (Logx only) The header to show for Bar Index   ▶︎ HeaderQdateTime    = 'Date'  (Logx only) The header to show for Date/Time   ▶︎ HeaderQerrorCode   = 'eCode'  (Logx only) The header to show for Error Codes   ▶︎ HeaderQlogLevel    = 'State'  (Logx only) The header to show for Log Level   ▶︎ HeaderQ1       = 'h.Q1'   (Logx only) The header to show for Q1   ▶︎ HeaderQ2       = 'h.Q2'   (Logx only) The header to show for Q2   ▶︎ HeaderQ3       = 'h.Q3'   (Logx only) The header to show for Q3   ▶︎ HeaderQ4       = 'h.Q4'   (Logx only) The header to show for Q4   ▶︎ HeaderQ5       = 'h.Q5'   (Logx only) The header to show for Q5   ▶︎ HeaderQ6       = 'h.Q6'   (Logx only) The header to show for Q6   ▶︎ Status         = ''     Set the status to this text.   ▶︎ HeaderColor            Set the color for the header        ▶︎ HeaderColorBG           Set the background color for the header   ▶︎ StatusColor             Set the color for the status bar   ▶︎ StatusColorBG           Set the background color for the status bar   ▶︎ TextColor              Set the color for the text used without error code or code 0.   ▶︎ TextColorBG            Set the background color for the text used without error code or code 0.   ▶︎ FrameColor             Set the color for the frame around Logx/Console   ▶︎ FrameSize       = 1    Set the size of the frame around Logx/Console   ▶︎ CellBorderSize     = 0    Set the size of the border around cells.   ▶︎ CellBorderColor          Set the color for the border around cells within Logx/Console   ▶︎ SeparatorColor         = gray Set the color of separate in between Console/Logx Attachment    ◼︎ Methods (summary)   ● init               ▶︎ Initialise the log   ● log               ▶︎ Log the messages. Use method show to display the messages   ● page              ▶︎ Clear messages from previous bar while logging messages on this bar.   ● show              ▶︎ Shows a table displaying the logged messages   ● clear              ▶︎ Clears the log of all messages   ● resize              ▶︎ Resizes the log. If size is for reduction then oldest messages are lost first.   ● turnPage            ▶︎ When called, all messages marked with previous page, or from start are cleared   ● dateTimeFormat         ▶︎ Sets the date time format to be used when displaying date/time info.   ● resetTextColor          ▶︎ Reset Text Color to library default   ● resetTextBGcolor         ▶︎ Reset Text BG Color to library default   ● resetHeaderColor        ▶︎ Reset Header Color to library default   ● resetHeaderBGcolor       ▶︎ Reset Header BG Color to library default   ● resetStatusColor         ▶︎ Reset Status Color to library default   ● resetStatusBGcolor        ▶︎ Reset Status BG Color to library default   ● setColors            ▶︎ Sets the colors to be used for corresponding error codes   ● setColorsBG           ▶︎ Sets the background colors to be used for corresponding error codes. If not match of error code, then text color used.   ● setColorsHC           ▶︎ Sets the highlight colors to be used for corresponding error codes.If not match of error code, then text bg color used.   ● resetColors           ▶︎ Reset the colors to library default (Total 36, not including error code 0)   ● resetColorsBG          ▶︎ Reset the background colors to library default   ● resetColorsHC          ▶︎ Reset the highlight colors to library default   ● setLevelNames          ▶︎ Set the log level names to be used for corresponding error codes. If not match of error code, then empty string used.   ● resetLevelNames         ▶︎ Reset the log level names to library default. (Total 36) 1=TRACE, 2=DEBUG, 3=INFO, 4=WARNING, 5=ERROR, 6=CRITICAL, 7=FATAL   ● attach              ▶︎ Attaches a console to an existing Logx, allowing to have dual logging system independent of each other   ● detach              ▶︎ Detaches an already attached console from Logx
Indicatore Pine Script®
di GETpacman
1
Cleaner Screeners LibraryLibrary "cleanscreens" Screener Panel. This indicator displays a panel with a list of symbols and their indications. It can be used as a screener for multiple timess and symbols in any timeframe and with any indication in any combination. #### Features Multiple timeframes Multiple symbols Multiple indications per group Vertical or horizontal layouts Acceepts External Inputs Customizable colors with 170 presets included (dark and light) Customizable icons Customizable text size and font Customizable cell size width and height Customizable frame width and border width Customizable position Customizable strong and weak values Accepts any indicator as input Only 4 functions to call, easy to use #### Usage Initialize the panel with _paneel = cleanscreens.init() Add groupd with _screener = cleanscreens.Screener(_paneel, "Group Name") Add indicators to screeener groups with cleanscreens.Indicator(_screener, "Indicator Name", _source) Update the panel with cleanscreens.display(_paneel) Thanks @ PineCoders , and the Group members for setting the bar high. # local setup for methods on our script import kaigouthro/cleanscreen/1 method Screener ( panel p, string _name) => cleanscreens.Screener ( p, _name) method Indicator ( screener s , string _tf, string name, float val) => cleanscreens.Indicator ( s , _tf, name, val) method display ( panel p ) => cleanscreens.display ( p ) init(_themein, loc)   # Panel init > init a panel for all the screens   Parameters:      _themein (string) : string: Theme Preset Name      loc (int) : int : 1 = left top, 2 = middle top, 3 = right top, 4 = left middle, 5 = middle middle, 6 = right middle, 7 = left bottom, 8 = middle bottom, 9 = right bottom   Returns: panel method Screener(p, _name)   # Screener - Create a new screener ### Example: cleanscreens.new(panel, 'Crpyto Screeners')   Namespace types: panel   Parameters:      p (panel)      _name (string) method Indicator(s, _tf, name, val)   # Indicator - Create a new Indicator ### Example: cleanscreens.Inidcator('1h', 'RSI', ta.rsi(close, 14))   Namespace types: screener   Parameters:      s (screener)      _tf (string)      name (string)      val (float) method display(p)   # Display - Display the Panel ### Example: cleanscreens.display(panel)   Namespace types: panel   Parameters:      p (panel) indication   single indication for a symbol screener   Fields:      name (series string)      icon (series string)      rating (series string)      value (series float)      col (series color)      tf (series string)      tooltip (series string)      normalized (series float)      init (series bool) screener   single symbol screener   Fields:      ticker (series string)      icon (series string)      rating (series string)      value (series float)      bg (series color)      fg (series color)      items (indication )      init (series bool) config   screener configuration   Fields:      strong (series float)      weak (series float)      theme (series string)      vert (series bool)      cellwidth (series float)      cellheight (series float)      textsize (series string)      font (series int)      framewidth (series int)      borders (series int)      position (series string) icons   screener Icons   Fields:      buy (series string)      sell (series string)      strong (series string) panel   screener panel object   Fields:      items (screener )      table (series table)      config (config)      theme (theme type from kaigouthro/theme_engine/1)      icons (icons)
Libreria Pine Script®
di kaigouthro
13
Triple Bottom Patterns [theEccentricTrader]█   OVERVIEW This indicator automatically draws triple bottom patterns and price projections derived from the ranges that constitute the patterns. █   CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than the price it opened. Swing Highs and Swing Lows • A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak. • A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough. Peak and Trough Prices (Basic) • The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher. • The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower. Historic Peaks and Troughs The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one. Broken and Unbroken Peaks and Troughs Upon the completion of a new swing low the high of the green candle that completes the swing low will be above, below or equal to the current peak price. And similarly, upon the completion of a new swing high the low of the red candle that completes the swing high will be above, below or equal to the current trough price. If the high price of the green candle that completes the current swing low is higher than or equal to the current peak price then the current peak is broken. If the high of the green candle that completes the current swing low is below the current peak price, then the current peak is unbroken. Similarly, if the low price of the red candle that completes the current swing high is lower than or equal to the current trough price then the current trough is broken. If the low price of the red candle that completes the current swing high is above the current trough price, then the current trough is unbroken. Range The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips. Retracement and Extension Ratios Retracement and extension ratios are calculated by dividing the current range by the preceding range and multiplying the answer by 100. Retracement ratios are those that are equal to or below 100% of the preceding range and extension ratios are those that are above 100% of the preceding range. Triple Bottom and Triple Top Patterns • Triple bottom patterns are composed of two peaks and three troughs, with the second and third troughs being roughly equal to the first trough. • Triple top patterns are composed of two troughs and three peaks, with the second and third peaks being roughly equal to the first peak. Measurement Tolerances In general, tolerance in measurements refers to the allowable variation or deviation from a specific value or dimension. It is the range within which a particular measurement is considered to be acceptable or accurate. In this script I have applied this concept to the measurement of triple bottom and triple top patterns to increase to the frequency of pattern occurrences. For example, a perfect triple bottom is very rare. We can increase the frequency of pattern occurrences by setting a tolerance. A ratio tolerance of 10% to both downside and upside, which is the default setting, means we would have a tolerable ratio measurement range between 90-110% for the second and third troughs as ratios of the first trough, thus increasing the frequency of occurrence. █   FEATURES Inputs • Unbroken Peaks • Lower Tolerance • Upper Tolerance • Pattern Color • Neckline Color • Extend Current Neckline • Show Labels • Label Color • Show Projection Lines • Extend Current Projection Lines Alerts Users can set alerts for when the patterns occur. █   LIMITATIONS All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Indicatore Pine Script®
di theEccentricTrader
Double Bottom Patterns [theEccentricTrader]█   OVERVIEW This indicator automatically draws double bottom patterns and price projections derived from the ranges that constitute the patterns. █   CONCEPTS Green and Red Candles • A green candle is one that closes with a close price equal to or above the price it opened. • A red candle is one that closes with a close price that is lower than the price it opened. Swing Highs and Swing Lows • A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak. • A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough. Peak and Trough Prices (Basic) • The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher. • The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower. Historic Peaks and Troughs The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one. Broken and Unbroken Peaks and Troughs Upon the completion of a new swing low the high of the green candle that completes the swing low will be above, below or equal to the current peak price. And similarly, upon the completion of a new swing high the low of the red candle that completes the swing high will be above, below or equal to the current trough price. If the high price of the green candle that completes the current swing low is higher than or equal to the current peak price then the current peak is broken. If the high of the green candle that completes the current swing low is below the current peak price, then the current peak is unbroken. Similarly, if the low price of the red candle that completes the current swing high is lower than or equal to the current trough price then the current trough is broken. If the low price of the red candle that completes the current swing high is above the current trough price, then the current trough is unbroken. Range The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips. Retracement and Extension Ratios Retracement and extension ratios are calculated by dividing the current range by the preceding range and multiplying the answer by 100. Retracement ratios are those that are equal to or below 100% of the preceding range and extension ratios are those that are above 100% of the preceding range. Double Bottom and Double Top Patterns • Double bottom patterns are composed of one peak and two troughs, with the second trough being roughly equal to the first trough. • Double top patterns are composed of one trough and two peaks, with the second peak being roughly equal to the first peak. Measurement Tolerances In general, tolerance in measurements refers to the allowable variation or deviation from a specific value or dimension. It is the range within which a particular measurement is considered to be acceptable or accurate. In this script I have applied this concept to the measurement of double bottom and double top patterns to increase to the frequency of pattern occurrences. For example, a perfect double bottom is very rare. We can increase the frequency of pattern occurrences by setting a tolerance. A ratio tolerance of 10% to both downside and upside, which is the default setting, means we would have a tolerable ratio measurement range between 90-110% for the second trough, thus increasing the frequency of occurrence. █   FEATURES Inputs • Unbroken Peaks • Lower Tolerance • Upper Tolerance • Pattern Color • Neckline Color • Extend Current Neckline • Show Labels • Label Color • Show Projection Lines • Extend Current Projection Lines Alerts Users can set alerts for when the patterns occur. █   LIMITATIONS All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Indicatore Pine Script®
di theEccentricTrader
Range of a source displayed in thirdsThis indicator will take the value of any external source input and display how it has changed over time (the lookback period in settings). For the purposes of display here I'm using the WT1 line from Wavetrend with Crosses by LazyBear to provide a source input. The highest and lowest value of the source over the lookback period are used to determine the highest and lowest point - the green and red lines at the top and bottom of the bands. This region is then mathematically split into three, such that the source (and its optional moving average line) can be defined as being in the top third, the middle or the bottom third. Applications for this could be in risk management where you may wish to take on a larger position size when a certain indicator is in the top third, or decide that you want to enter / leave positions when the source crosses in / out of the extreme points.
Indicatore Pine Script®
di m_b_round
Candle Counter [theEccentricTrader]█   OVERVIEW This indicator counts the number of confirmed candle scenarios on any given candlestick chart and displays the statistics in a table, which can be repositioned and resized at the user's discretion. █   CONCEPTS Green and Red Candles A green candle is one that closes with a high price equal to or above the price it opened. A red candle is one that closes with a low price that is lower than the price it opened. Upper Candle Trends A higher high candle is one that closes with a higher high price than the high price of the preceding candle. A lower high candle is one that closes with a lower high price than the high price of the preceding candle. A double-top candle is one that closes with a high price that is equal to the high price of the preceding candle. Lower Candle Trends A higher low candle is one that closes with a higher low price than the low price of the preceding candle. A lower low candle is one that closes with a lower low price than the low price of the preceding candle. A double-bottom candle is one that closes with a low price that is equal to the low price of the preceding candle. █   FEATURES Inputs Start Date End Date Position Text Size Show Sample Period Show Plots Table The table is colour coded, consists of three columns and twenty-two rows. Blue cells denote all candle scenarios, green cells denote green candle scenarios and red cells denote red candle scenarios. The candle scenarios are listed in the first column with their corresponding total counts to the right, in the second column. The last row in column one, row twenty-two, displays the sample period which can be adjusted or hidden via indicator settings. Rows two and three in the third column of the table display the total green and red candles as percentages of total candles. Rows four to nine in column three, coloured blue, display the corresponding candle scenarios as percentages of total candles. Rows ten to fifteen in column three, coloured green, display the corresponding candle scenarios as percentages of total green candles. And lastly, rows sixteen to twenty-one in column three, coloured red, display the corresponding candle scenarios as percentages of total red candles. Plots I have added plots as a visual aid to the various candle scenarios listed in the table. Green up-arrows denote higher high candles when above bar and higher low candles when below bar. Red down-arrows denote lower high candles when above bar and lower low candles when below bar. Similarly, blue diamonds when above bar denote double-top candles and when below bar denote double-bottom candles. These plots can also be hidden via indicator settings. █   HOW TO USE This indicator is intended for research purposes and strategy development. I hope it will be useful in helping to gain a better understanding of the underlying dynamics at play on any given market and timeframe. It can, for example, give you an idea of any inherent biases such as a greater proportion of green candles to red. Or a greater proportion of higher low green candles to lower low green candles. Such information can be very useful when conducting top down analysis across multiple timeframes, or considering trailing stop loss methods. What you do with these statistics and how far you decide to take your research is entirely up to you, the possibilities are endless. This is just the first and most basic in a series of indicators that can be used to study objective price action scenarios and develop a systematic approach to trading. █   LIMITATIONS Some higher timeframe candles on tickers with larger lookbacks such as the DXY, do not actually contain all the open, high, low and close (OHLC) data at the beginning of the chart. Instead, they use the close price for open, high and low prices. So, while we can determine whether the close price is higher or lower than the preceding close price, there is no way of knowing what actually happened intra-bar for these candles. And by default candles that close at the same price as the open price, will be counted as green. You can avoid this problem by utilising the sample period filter. The green and red candle calculations are based solely on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with. Alternatively, you can replace the scenarios with your own logic to account for the gap anomalies, if you are feeling up to the challenge. It is also worth noting that the sample size will be limited to your Trading View subscription plan. Premium users get 20,000 candles worth of data, pro+ and pro users get 10,000, and basic users get 5,000. If upgrading is currently not an option, you can always keep a rolling tally of the statistics in an excel spreadsheet or something of the like.
Indicatore Pine Script®
di theEccentricTrader
2
Distance from the High/Low priceThis indicator shows how far the price is from the Top and Bottom over a set period of time. The basic purpose of this indicator is to quickly compare how many symbols have risen over a certain period of time. For example, For example, let's say I want to see what the maximum increase is from the December, and how much it's currently down from there. Then, let's set the "Length" to approximately 1500 and check it from December 18th. So now you can see that bitcoin is up to about 44%, and it's down 6.9% from its peak. ----- For the second example, let's say I want to see what the maximum increase in ALPHA is and how far it is currently from that maximum. So, as you can see in the chart above, the maximum increase over the period was about 120%, and now it's down by 22.8%. ----- In addition, if you check 'Retracement' in the indicator setting, you can see the ratio of the currently located returns based on Top and Bottom. -------------------------------------------------------- 이 지표는, 특정 기간동안 여러개의 symbol들이 얼마만큼의 상승을 했는지 빠르게 비교하기 위해 만들었습니다. 위에 첨부한 사진을 기준으로 말씀드리겠습니다. 2022년 12월 말부터 올라온 상승의 최대폭이 얼마인지, 그리고 그 최대 상승으로부터 현재 얼마나 떨어졌는지를 확인하고 싶은 상황이라고 하겠습니다. 그렇다면 'Length'를 대략 1500으로 설정하여 12월 18일부터 확인해보겠습니다. 그러면 비트코인은 최대 약 44%만큼 상승하였고, 현재 최고점으로부터 6.9% 떨어진 상황이라는 것을 확인할 수 있습니다. --- 두 번째 예시로, ALPHA의 최대 상승폭이 얼마인지, 그리고 그 최댓값으로부터 현재 얼마만큼 떨어져 있는 상황인지를 확인하고 싶다고 가정해보겠습니다. 그렇다면 위의 차트에서 보이는 바와 같이, 해당 기간동안 최대 상승폭이 약 120%였고, 현재 그 최댓값으로부터 22.8%정도 하락한 상황이라는 것을 확인할 수 있습니다. --- 번외로, 지표 설정에서 'Retracement'를 체크하시면, Top과 Bottom을 기준으로 현재 위치한 되돌림의 비율을 확인할 수 있습니다.
Indicatore Pine Script®
di Seungdori_
2
Gaps + Imbalances + Wicks (MTF) - By LeviathanThis script will identify and draw price gaps, wicks and imbalances with customizable fill conditions, multi-timeframe function, zone size filtering, volume comparison, lookback filtering, as well as highly customizable appearance and settings. I’ve made this indicator to combine the three similar but different elements that occur in price movements and serve as significant zones of interest or way of PA interpretation in various different strategies. Imbalances (or Fair Value Gap/FVG/Inefficiency/whatever) - The Imbalance “pattern” consists of 3 candles (1- candle before the sharp move, 2 - sharp move candle and 3- candle after the sharp move). When price makes a move downwards, the imbalance zone is defined as the area between the low of 1 and the high of 3 When price makes a move upwards, the imbalance zone is defined as the area between the high of 1 and the low of 3. Gaps A price gap is an area on a chart where no trading activity has taken place. A gap up means that the low of the current candle is higher than the high of the previous candle and a gap down means that the high of the current candle is lower than the low of the previous candle. Wicks (or shadows/tails/whatever) Wicks are used to indicate where the price has fluctuated relative to the opening and closing price of the candle. An upper wick is the zone between candle high and candle close/open (whichever is higher) and a lower wick is the zone between candle’s low and candle’s close/open (whichever is lower). Settings Overview “Zone Type” - This input lets you decide which zones should the script plot and on which timeframe. You should always pick a timeframe higher than your chat’s. “Middle Line, Top Line, Bottom Line” - Show or hide the Middle Line (horizontal level in the middle of each zone), Show or hide Top Line (horizontal level at the top of the zone), Show or hide Bottom Line (horizontal level at the bottom of the zone) “UP/DOWN Zones" - This input lets you show/hide UP Zones or DOWN Zones an pick their color, border color and label color. ”Fill Condition” - If turned ON, the zones will end drawing when your prefered Fill Condition is met (Full Filll = price mitigates the whole zone, Half Fill = zone is at least halfway mitigated and Touch = zone is touched by price). If turned OFF, the zones will only be plotted for the amount of bars defined it “Zone Length”. ”Lookback (D)” - This input lets you limit the amount of zones plotted on the chart by choosing how many days back in time should the script go to find and plot zones. For example, input 1 will only show you the zones of the past day, input 7 will only show you the zones of the past week. ”Hide Filled Zones” - If turned ON, the zones that have been filled will be removed from the chart. ”Show Boxes” - Show or hide the boxes that represent the zones. This is useful for those who want the zones to be visualized by just lines. “Filter Type” - this input lets you create a filter that will make the script only show zones that are larger than ATR or larger than a certain percentage. You can choose the ATR Length and the multiplier (higher multiplier → larger zone required), as well as the Percentage (%) and its multiplier (higher percentage → larger zone required). If you choose “None”, the zones of all sizes will be plotted. ”Zone Labels” - this part of the settings lets you: show/hide labels, decide on the size of the labels and their positions, choose a custom name for each zone, choose the data that the labels present (Type of the zone/Timeframe/ Volume ). ”Other settings” - ‘Stop/Delete zone after X number of candles’ will force stop/delete the zone if it’s plotted for more than prefered number of bars. ‘Line Style’ lets you choose the style and the color of the lines, ‘Zone Length’ defines the length of the zone if Fill Condition is “None”. More settings, modifications and improvements coming in future updates. This script is a bit old so I will clean up and optimize the code once I have more time.
Indicatore Pine Script®
di LeviathanCapital
51
TOMMAR#TOMMAR #MultiMovingAverages #MMAR Dear fellow traders, this is Tommy, and today I'd like to introduce you to the Multi-Moving Averages Ribbon (MMAR) indicator, which I believe to be one of the best MMAR indicators available on TradingView. Moving Averages is a popular technical analysis tool used to smooth out price data by creating an average of past price data points over a specified time period. They can be used to identify trends and provide a clearer view of price action, as well as generate buy and sell signals by observing crossovers between different moving average lines. In the MMAR indicator, we have incorporated 12 different types of Moving Averages, including Simple Moving Averages (SMA), Exponential Moving Averages (EMA), Weighted Moving Averages (WMA), Hull Moving Averages (HMA), and Smoothed Moving Averages (SMMA), among others. This allows traders to choose the optimal type for their preferred trading commodities. One common technique in technical analysis is using multiple Moving Averages with varying lengths, which provides a more comprehensive view of price action. By analyzing multiple Moving Averages with different timeframes, traders can better understand both short- and long-term trends and make more informed trading decisions. Some of the well-known combinations of multiple moving averages used by traders are (5, 9, 14, 21, 45), (6, 11, 16, 22, 51), [8, 13, 21, 55), (50, 100, 200), and (60, 120, 240). Another way to gauge the strength of the market trend is to look for the arrangement of the Moving Averages. If they are in a sequential order, with the shortest on top and the longest on the bottom, it is most likely a bullish trend. On the other hand, if they are arranged in reverse order, with the shortest on the bottom and the longest on top, it is most likely a bearish trend. The 'Trend Light' in the indicator settings will automatically signal when the Moving Averages are in either an orderly or reverse arrangement. Lastly, I have added a useful feature to the indicator: the 'MA Projection'. This feature projects and forecasts the Moving Averages in the future, allowing traders to easily identify confluence zones in future candlesticks. Please note that the projection levels may change in the case of extreme price action that significantly affects the Moving Averages. This is free so any Tradingview users can use this indicator. Just search TOMMAR in the indicator section located on top of the chart. #TOMMAR #MultiMovingAverages #MMAR 안녕하세요 트레이더 여러분, 토미입니다. 오늘 여러분들에게 소개드릴 지표는 다양한 길이의 이동평균선 조합을 사용할 수 있는 MMAR (Multiple Moving Averages Ribbon)입니다. 아마 제가 만든 MMAR 지표가 트레이딩뷰에서 가장 쓸만할 겁니다. 이동평균선, 줄여서 이평선은 말 그대로 특정 기간 범위 내의 주가들을 평균한 값들로 이루어진 선입니다. 제가 이평선 관련된 강의 자료는 예전에 올려드린 바 있으니 더 자세한 내용이 궁금하신 분들은 아래 링크/이미지 클릭하시길 바랍니다. 본 지표는 Simple Moving Averages (SMA), Exponential Moving Averages (EMA), Weighted Moving Averages (WMA), Hull Moving Averages (HMA), 그리고 Smoothed Moving Averages (SMMA) 등을 포함해 총 12개 종류의 이평선 지표를 사용할 수 있습니다. 또한 각 이평선의 길이들도 하나하나 일일이 설정하실 수 있습니다. 예를 들어 요즘에 자주 보이는 이평선들의 조합이 , , , , 그리고 등등이 존재하는데 여러분의 취향에 맞게 설정하여 사용하시면 됩니다. 몇 가지 주요 기능에 대해서 설명 드리겠습니다. 설정에서 ‘Trend Light’를 키면 이평선들의 정배열 혹은 역배열 여부를 쉽게 볼 수 있습니다. 이평선이 정배열일때는 맨 아래의 이평선에 초록불이, 역배열일때는 맨 위의 이평선에 빨간불이 켜지며 둘 다 아닐 땐 아무 불도 켜지지 않습니다. 또한 ‘MA Projection’을 키면 이평선들의 미래 예측 값들을 확장해줍니다. 당연히 가격 변동이 갑자기 크게 나오면 이평선 예측 확장 레벨들이 확 바뀌겠죠. 지표창에 TOMMAR 검색하시거나 아래 즐겨찾기 인디케이터에 넣기 클릭하시면 누구나 사용하실 수 있습니다~ 여러분의 구독, 좋아요, 댓글은 저에게 큰 힘이 됩니다.
Indicatore Pine Script®
di Tommy_Trader
6
Price Swing Detection - Smart Money ConceptSince my own style is Smart Money Concept and these days I have seen a lot of my friends who are having trouble identifying structures for their indicators and strategies. I wrote this code so they could use it in their strategy . In fact, this type of structure, as one of the strongest technical structures, can increase the success of your strategy according to your personalization. The script detects swings (i.e. significant highs and lows) in a financial instrument's price action over a specified period. The user can set the lookback period (number of candles to consider) and the colors of the lines representing bullish and bearish trends. The script has two functions: detectSwing and pivot high. The detectSwing function calculates the swing highs and lows for the specified number of candles. The function uses the ta.highest and ta.lowest functions to find the highest and lowest prices, respectively, over the lookback period. The function also determines the swing state (high or low) of the current candle and returns the calculated swing values. The pivot high function calculates the pivot high, which is an important step in detecting bullish structures in the market. If a new top (i.e. swing high) is found, the script updates the pivot high values and creates a line from the recent top to the last bar. The script also updates the trailing maximum values, which are used to extend the top extension line. For Strategy : The variable "trendDirection" in the code is used to keep track of the trend state, either bullish (up trend) or bearish (down trend), in the market. The variable is initialized to 0 which represents a downtrend. The value of this variable is updated later in the code based on the calculations of swing highs and lows, pivot crosses, and the trailing maximum. If a bullish structure is detected, the value of "trendDirection" is set to 1, indicating an uptrend.
Indicatore Pine Script®
di MirNader_
16
Balance of Force Day of the Week (BOFDW)The script is a custom technical indicator for TradingView that is based on an analysis of the price movements of a financial instrument over the course of a week. The indicator uses a variety of inputs, including the open and close prices for each day of the week, to determine the "BOF" (BOF) for each day. The BOF is calculated based on the relative magnitude of bullish and bearish price movements and is then used to determine the average BOF over a moving window of data points. This average BOF is displayed on the chart as an overlay, providing a measure of the average bullishness or bearishness of the financial instrument over the course of a week. The indicator also allows users to specify the location of the overlay on the chart and to customize the appearance of the overlay with options for text and box colors. The script provides a number of built-in options for chart position, including the top-left, top-middle, top-right, middle-left, middle-center, middle-right, bottom-left, bottom-middle, and bottom-right corners of the chart. Overall, this custom technical indicator is a useful tool for traders and investors who are looking to gain a deeper understanding of the price trends of a financial instrument over the course of a week. By providing a clear and concise measure of the average POF over time, the indicator can help users identify key patterns in the market and make more informed trading decisions.
Indicatore Pine Script®
di The_Peaceful_Lizard
XYZ Super Fibonacci Channel Cluster Simple setups Just input two different ema, X and Y. Multiple = input Phi factor (ex: 0.38 , 0.618 , 1.618 , 3.14) Usage Grouping movements into channels to identify trend acceleration and deceleration Example usability in the BTC/USD trading pair (timeframe = 1D) => Input Setups Source = hlc3 Multiplier = 2 X Ema = 13 Y Ema = 21 How to identify acceleration and deceleration? H_1 to H_2 => Bullish but no acceleration (because at same top level border). H_2 to H_3 => Bullish with acceleration (go up to another top level border). H_3 to H_4 / H_4 to H_5 => Bullish deceleration (because drop to another top level border). L_1 to L_2 => Bearish signal (because fall below EMA-super and touch the bottom border of Super Channel). L_2 to L_3 => Bearish acceleration (drop to another bottom level border). L_3 to L_4 => Bearish deceleration (go up to another bottom level border).
Indicatore Pine Script®
di akaes62
Volume Price Balance by serkany88This idea has been in my mind for a while. We all know how important volume is to technical analysis but volume and price itself doesn't mean much when volatility and momentum of the current trend is not taken into account. With this oscillator we try to combine all these factors into one indicator and provide a simplified interpretation of this relationship with spread analysis. This indicator can be used in all timeframes but higher timeframes like 1 hour and above will provide most stable results. How it works? This oscillator tries to analyze volume spread along with price spread based on wyckoff methods and attains certain "strength value" for each candle and it's relationship with the volume. After this calculation preferably we remove detected rejection candles from overall calculation and draw them as plots. The multipliers of the strengths can be changed from the settings. Green Line Above Red Line = Bullish momentum stronger Red Line Above Green Line = Bearish momentum stronger Top circles mean possible bullish reversal candle detected. Gray is weak, White is normal and Red top circle means strong possible reversal detected. Bottom circles mean possible bearish reversal candle detected. Gray is weak, White is normal and Green bottom circle means strong possible reversal detected. Let's check the example below As you can see we see a green dot appear in a somewhat weakening bullish momentum, this can mean possible reversal can happen soon and it does. Below is a bearish example In this example we see a possible strong reversal signal in a increasing bullish momentum and the price reacts immediately after the candle. We also have a table that shows the current non-smoothed result of trend strength based on calculated price-volume spread at top right of the oscillator.
Indicatore Pine Script®
di serkany88
16
Stock Value EUThere are many method of measuring value of stock. However I'm proposing most basic stock valuation based on Book Value, Earnings , Dividends and Money Supply: SV = (BVPS + EPS + DPS ) * ( M3 /M1) BVPS = Book Value Per Share (Asset - Liability) EPS = Earnings Per Share DPS = Dividends Per Share M3 = M3 Money Supply (Money Market) M1 = M1 Money Supply (Base Money) Fundamental value of a stock should be determine by it's BV which means total asset of a company if were liquidated today and use some of it's asset to pay of the debt. So technically BVPS is the intrinsic value of a stock. However the company is generating an earning which is profit and loss that should be added on top of the fundamental value of company, so thus EPS should be added on top of Book Value Per Share. Aside from earnings , the stock that you purchase give you dividends as your return so DPS also can be included on top of that. So all in all BVPS, EPS and DPS are the primary valuation of the stock. However most of the stock are traded way higher than their fundamental valuation. The main reason of this is the market dynamics which is driven by central banks printing of base money supply M0. The banking credit system then lend out this money to money markets as loan so that peoples can invest and by the company stock. This money supply extension of credit is known as money market M2 which drive the stock inflated price. The ratio between M2 and M0 are the money multiplier effect that drives the stock price higher than it's valuation. So the Stock Value should be the total number of BVPS + EPS + DPS times the M2 money multiplier as shown by this indicator. If the stock are traded above their SV value, that means it's an overpriced bubble If the stock are traded below their SV value, that means it's an underpriced burst This indicator is only applicable for EU based stock chart, because we use EU money supply to do the money multiplier calculation. For other country stocks take a look our other indicator: - Stock Value EU - applicable for European stocks - Stock Value CN - applicable for Chinese stocks - Valuation Rainbow - applicable for all countries
Indicatore Pine Script®
di danny_peanuts
VFIBs AgreementVFIBs Agreement is a custom oscillator, using Volume Weighted Fibonacci Bands (VFIBs). The two values in yellow and teal relate to the price action and where they fall in the Fibonacci Bands for the 50 and 200 VWMAs, respectively. These values are scaled logarithmically, making it so that the 7 period moving averages of the values tend to 'stick' to the top (just above 20) or bottom (just below -20). When the background color is deep red, this indicates that there is bullish momentum and likely a bull market. The inverse, in green, represents bearish momentum or a bear market. These colors correspond to the 200 period VFIB. The bands of the VFIBs are broken down by fibonacci values as different channels, moving alongside the mid-line above and below. The price action will go between these values, showing where it is in the extremes. This is what VFIBs agreement represents. In order for an uptrend to begin, the two VFIBs must 'agree'. With the 50 period VFIB trending up, it doesn't matter if it keeps getting rejected by the 200 period, as we can see with Bitcoin. When the 50 period VFIB starts to pull the 200 period up or down, it could indicate an imminent reversal. This indicator works well with any market that you would use the VFIBs in. Mid and large cap stocks, top cryptocurrencies, and indices are my top choices.
Indicatore Pine Script®
di jpwall
Tweezer PatternsTweezer top and bottom, also known as tweezers, are reversal candlestick patterns that signal a potential change in the price direction. Both formations consist of two candles that occur at the end of a trend, which is in its dying stages. The tweezer bottom candlestick pattern is a bullish reversal pattern that can be spotted at the bottom of a downtrend. It consists of two candles, where the first candle is in line with the bearish trend, while the second candle reflects more bullish market sentiment as the price bursts higher, in the opposite trend. The tweezer top candlestick pattern is of the same structure as the tweezer bottom, except for the fact that it happens at the end of an uptrend, and therefore, it is a bearish reversal pattern. The first candle is bullish, and it continues in the same direction, while the second bearish candle indicates that the trend may be changing soon. Both the bottom and top tweezers are only valid when they occur during uptrends and downtrends. Their appearance during choppy trading conditions is practically meaningless, and it signals the market indecision to move in either direction. WARNING: - For purpose educate only - This script to change bars colors.
Indicatore Pine Script®
di HPotter
6
Extreme Trend Reversal Points [HeWhoMustNotBeNamed]Using moving average crossover for identifying the change in trend is very common. However, this method can give lots of false signals during the ranging markets. In this algorithm, we try to find the extreme trend by looking at fully aligned multi-level moving averages and only look at moving average crossover when market is in the extreme trend - either bullish or bearish. These points can mean long term downtrend or can also cause a small pullback before trend continuation. In this discussion, we will also check how to handle different scenarios. 🎲 Components 🎯 Recursive Multi Level Moving Averages Multi level moving average here refers to applying moving average on top of base moving average on multiple levels. For example, Level 1 SMA = SMA(source, length) Level 2 SMA = SMA(Level 1 SMA, length) Level 3 SMA = SMA(Level 2 SMA, length) .. .. .. Level n SMA = SMA(Level (n-1) SMA, length) In this script, user can select how many levels of moving averages need to be calculated. This is achieved through " recursive moving average " algorithm. Requirement for building such algorithm was initially raised by @loxx While I was able to develop them in minimal code with the help of some of the existing libraries built on arrays and matrix , I also thought why not extend this to find something interesting. Note that since we are using variable levels - we will not be able to plot all the levels of moving average. (This is because plotting cannot be done in the loop). Hence, we are using lines to display the latest moving average levels in front of the last candle. Lines are color coded in such a way that least numbered levels are greener and higher levels are redder. 🎯 Finding the trend and range Strength of fully aligned moving average is calculated based on position of each level with respect to other levels. For example, in a complete uptrend, we can find source > L(1)MA > L(2)MA > L(3)MA ...... > L(n-1)MA > L(n)MA Similarly in a complete downtrend, we can find source < L(1)MA < L(2)MA < L(3)MA ...... < L(n-1)MA < L(n)MA Hence, the strength of trend here is calculated based on relative positions of each levels. Due to this, value of strength can range from 0 to Level*(Level-1)/2 0 represents the complete downtrend Level*(Level-1)/2 represents the complete uptrend. Range and Extreme Range are calculated based on the percentile from median. The brackets are defined as per input parameters - Range Percentile and Extreme Range Percentile by using Percentile History as reference length. Moving average plot is color coded to display the trend strength. Green - Extreme Bullish Lime - Bullish Silver - range Orange - Bearish Red - Extreme Bearish 🎯 Finding the trend reversal Possible trend reversals are when price crosses the moving average while in complete trend with all the moving averages fully aligned. Triangle marks are placed in such locations which can help observe the probable trend reversal points. But, there are possibilities of trend overriding these levels. An example of such thing, we can see here: In order to overcome this problem, we can employ few techniques. 1. After the signal, wait for trend reversal (moving average plot color to turn silver) before placing your order. 2. Place stop orders on immediate pivot levels or support resistance points instead of opening market order. This way, we can also place an order in the direction of trend. Whichever side the price breaks out, will be the direction to trade. 3. Look for other confirmations such as extremely bullish and bearish candles before placing the orders. 🎯 An example of using stop orders Let us take this scenario where there is a signal on possible reversal from complete uptrend. Create a box joining high and low pivots at reasonable distance. You can also chose to add 1 ATR additional distance from pivots. Use the top of the box as stop-entry for long and bottom as stop-entry for short. The other ends of the box can become stop-losses for each side. After few bars, we can see that few more signals are plotted but, the price is still within the box. There are some candles which touched the top of the box. But, the candlestick patterns did not represent bullishness on those instances. If you have placed stop orders, these orders would have already filled in. In that case, just wait for position to hit either stop or target. For bullish side, targets can be placed at certain risk reward levels. In this case, we just use 1:1 for bullish (trend side) and 1:1.5 for bearish side (reversal side) In this case, price hit the target without any issue: Wait for next reversal signal to appear before placing another order :)
Indicatore Pine Script®
di Trendoscope
82