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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
Delta Volume Channels [LucF]█  OVERVIEW This indicator displays on-chart visuals aimed at making the most of delta ​volume information. It can color bars and display two channels: one for delta ​volume, another calculated from the price levels of bars where delta ​volume divergences occur. Markers and alerts can also be configured using key conditions, and filtered in many different ways. The indicator caters to traders who prefer chart visuals over raw values. It will work on historical bars and in real time, using intrabar analysis to calculate delta ​volume in both conditions. █  CONCEPTS Delta Volume ​The ​volume delta concept divides a bar's ​volume in "up" and "down" ​volumes. The delta is calculated by subtracting down ​volume from up ​volume. Many calculation techniques exist to isolate up and down ​volume within a bar. The simplest techniques use the polarity of interbar price changes to assign their ​volume to up or down slots, e.g., On Balance Volume or the Klinger Oscillator . Others such as Chaikin Money Flow use assumptions based on a bar's OHLC values. The most precise calculation method uses tick data and assigns the ​volume of each tick to the up or down slot depending on whether the transaction occurs at the bid or ask price. While this technique is ideal, it requires huge amounts of data on historical bars, which usually limits the historical depth of charts and the number of symbols for which tick data is available. This indicator uses intrabar analysis to achieve a compromise between the simplest and most precise methods of calculating ​volume delta. In the context where historical tick data is not yet available on TradingView, intrabar analysis is the most precise technique to calculate ​volume delta on historical bars on our charts. TradingView's Volume Profile built-in indicators use it, as do the CVD - Cumulative ​Volume Delta Candles and CVD - Cumulative Volume Delta (Chart) indicators published from the TradingView account . My Volume Delta Columns Pro indicator also uses intrabar analysis. Other ​volume delta indicators such as my Realtime 5D Profile use realtime chart updates to achieve more precise ​volume delta calculations. Indicators of that type cannot be used on historical bars however; they only work in real time. This is the logic I use to assign intrabar ​volume to up or down slots:  • If the intrabar's open and close values are different, their relative position is used.  • If the intrabar's open and close values are the same, the difference between the intrabar's close and the previous intrabar's close is used.  • As a last resort, when there is no movement during an intrabar and it closes at the same price as the previous intrabar, the last known polarity is used. Once all intrabars making up a chart bar have been analyzed and the up or down property of each intrabar's ​volume determined, the up volumes are added and the down volumes subtracted. The resulting value is ​volume delta for that chart bar, which can be used as an estimate of the buying/selling pressure on an instrument. Delta ​Volume Percent (DV%) This value is the proportion that delta ​volume represents of the total intrabar ​volume in the chart bar. Note that on some symbols/timeframes, the total intrabar ​volume may differ from the chart's ​volume for a bar, but that will not affect our calculations since we use the total intrabar ​volume. Delta ​Volume Channel The ​​DV channel is the space between two moving averages: the reference line and a DV%-weighted version of that reference. The reference line is a moving average of a type, source and length which you select. The DV%-weighted line uses the same settings, but it averages the DV%-weighted price source. The weight applied to the source of the reference line is calculated from two values, which are multiplied: DV% and the relative size of the bar's ​volume in relation to previous bars. The effect of this is that DV% values on bars with higher total ​volume will carry greater weight than those with lesser ​volume. The ​DV channel can be in one of four states, each having its corresponding color:  • Bull (teal): The DV%-weighted line is above the reference line.  • Strong bull (lime): The bull condition is fulfilled and the bar's close is above the reference line and both the reference and the DV%-weighted lines are rising.  • Bear (maroon): The DV%-weighted line is below the reference line.  • Strong bear (pink): The bear condition is fulfilled and the bar's close is below the reference line and both the reference and the DV%-weighted lines are falling. Divergences In the context of this indicator, a divergence is any bar where the slope of the reference line does not match that of the DV%-weighted line. No directional bias is assigned to divergences when they occur. Divergence Channel The divergence channel is the space between two levels (by default, the bar's low and high ) saved when divergences occur. When price has breached a channel and a new divergence occurs, a new channel is created. Until that new channel is breached, bars where additional divergences occur will expand the channel's levels if the bar's price points are outside the channel. Prices breaches of the divergence channel will change its state. Divergence channels can be in one of five different states:  • Bull (teal): Price has breached the channel to the upside.  • Strong bull (lime): The bull condition is fulfilled and the ​DV channel is in the strong bull state.  • Bear (maroon): Price has breached the channel to the downside.  • Strong bear (pink): The bear condition is fulfilled and the ​DV channel is in the strong bear state.  • Neutral (gray): The channel has not been breached. █  HOW TO USE THE INDICATOR Load the indicator on an active chart (see here if you don't know how). The default configuration displays:  • The ​DV channel, without the reference or DV%-weighted lines.  • The Divergence channel, without its level lines.  • Bar colors using the state of the ​DV channel. The default settings use an Arnaud-Legoux moving average on the close and a length of 20 bars. The DV%-weighted version of it uses a combination of DV% and relative ​volume to calculate the ultimate weight applied to the reference. The DV%-weighted line is capped to 5 standard deviations of the reference. The lower timeframe used to access intrabars automatically adjusts to the chart's timeframe and achieves optimal balance between the number of intrabars inspected in each chart bar, and the number of chart bars covered by the script's calculations. The Divergence channel's levels are determined using the high and low of the bars where divergences occur. Breaches of the channel require a bar's low to move above the top of the channel, and the bar's high to move below the channel's bottom. No markers appear on the chart; if you want to create alerts from this script, you will need first to define the conditions that will trigger the markers, then create the alert, which will trigger on those same conditions. To learn more about how to use this indicator, you must understand the concepts it uses and the information it displays, which requires reading this description. There are no videos to explain it. █  FEATURES The script's inputs are divided in four sections: "DV channel", "Divergence channel", "Other Visuals" and "Marker/Alert Conditions". The first setting is the selection method used to determine the intrabar precision, i.e., how many lower timeframe bars (intrabars) are examined in each chart bar. The more intrabars you analyze, the more precise the calculation of DV% results will be, but the less chart coverage can be covered by the script's calculations. DV Channel Here, you control the visibility and colors of the reference line, its weighted version, and the DV channel between them. You also specify what type of moving average you want to use as a reference line, its source and length. This acts as the ​DV channel's baseline. The DV%-weighted line is also a moving average of the same type and length as the reference line, except that it will be calculated from the DV%-weighted source used in the reference line. By default, the DV%-weighted line is capped to five standard deviations of the reference line. You can change that value here. This section is also where you can disable the relative ​volume component of the weight. Divergence Channel This is where you control the appearance of the divergence channel and the key price values used in determining the channel's levels and breaching conditions. These choices have an impact on the behavior of the channel. More generous level prices like the default low and high selection will produce more conservative channels, as will the default choice for breach prices. In this section, you can also enable a mode where an attempt is made to estimate the channel's bias before price breaches the channel. When it is enabled, successive increases/decreases of the channel's top and bottom levels are counted as new divergences occur. When one count is greater than the other, a bull/bear bias is inferred from it. Other Visuals You specify here:  • The method used to color chart bars, if you choose to do so.  • The display of a mark appearing above or below bars when a divergence occurs.  • If you want raw values to appear in tooltips when you hover above chart bars. The default setting does not display them, which makes the script faster.  • If you want to display an information box which by default appears in the lower left of the chart.   It shows which lower timeframe is used for intrabars, and the average number of intrabars per chart bar. Marker/Alert Conditions Here, you specify the conditions that will trigger up or down markers. The trigger conditions can include a combination of state transitions of the ​DV and the divergence channels. The triggering conditions can be filtered using a variety of conditions. Configuring the marker conditions is necessary before creating an alert from this script, as the alert will use the marker conditions to trigger. Markers only appear on bar closes, so they will not repaint. Keep in mind, when looking at markers on historical bars, that they are positioned on the bar when it closes — NOT when it opens. Raw values The raw values calculated by this script can be inspected using a tooltip and the Data Window. The tooltip is visible when you hover over the top of chart bars. It will display on the last 500 bars of the chart, and shows the values of ​DV, DV%, the combined weight, and the intermediary values used to calculate them. █  INTERPRETATION The aim of the ​DV channel is to provide a visual representation of the buying/selling pressure calculated using delta ​volume. The simplest characteristic of the channel is its bull/bear state. One can then distinguish between its bull and strong bull states, as transitions from strong bull to bull states will generally happen when buyers are losing steam. While one should not infer a reversal from such transitions, they can be a good place to tighten stops. Only time will tell if a reversal will occur. One or more divergences will often occur before reversals. The nature of the divergence channel's design makes it particularly adept at identifying consolidation areas if its settings are kept on the conservative side. A gray divergence channel should usually be considered a no-trade zone. More adventurous traders can use the ​DV channel to orient their trade entries if they accept the risk of trading in a neutral divergence channel, which by definition will not have been breached by price. If your charts are already busy with other stuff you want to hold on to, you could consider using only the chart bar coloring component of this indicator: At its simplest, one way to use this indicator would be to look for overlaps of the strong bull/bear colors in both the ​DV channel and a divergence channel, as these identify points where price is breaching the divergence channel when buy/sell pressure is consistent with the direction of the breach. I have highlighted all those points in the chart below. Not all of them would have produced profitable trades, but nothing is perfect in the markets. Also, keep in mind that the circles identify the visual you would be looking for — not the trade's entry level. █  LIMITATIONS  • The script will not work on symbols where no ​volume is available. An error will appear when that is the case.  • Because a maximum of 100K intrabars can be analyzed by a script, a compromise is necessary between the number of intrabars analyzed per chart bar   and chart coverage. The more intrabars you analyze per chart bar, the less coverage you will obtain.   The setting of the "Intrabar precision" field in the "DV channel" section of the script's inputs   is where you control how the lower timeframe is calculated from the chart's timeframe. █  NOTES Volume Quality If you use ​volume, it's important to understand its nature and quality, as it varies with sectors and instruments. My Volume X-ray indicator is one way you can appraise the quality of an instrument's intraday ​volume. For Pine Script™ Coders  • This script uses the new overload of the fill() function which now makes it possible to do vertical gradients in Pine. I use it for both channels displayed by this script.  • I use the new arguments for plot() 's `display` parameter to control where the script plots some of its values,   namely those I only want to appear in the script's status line and in the Data Window.  • I wrote my script using the revised recommendations in the Style Guide from the Pine v5 User Manual. █  THANKS To PineCoders . I have used their lower_tf library in this script, to manage the calculation of the LTF and intrabar stats, and their Time library to convert a timeframe in seconds to a printable form for its display in the Information box. To TradingView's Pine Script™ team. Their innovations and improvements, big and small, constantly expand the boundaries of the language. What this script does would not have been possible just a few months back. And finally, thanks to all the users of my scripts who take the time to comment on my publications and suggest improvements. I do not reply to all but I do read your comments and do my best to implement your suggestions with the limited time that I have.
Indicatore Pine Script®
di LucF
51
Money Flow Trend Strength [CraftyChaos]I devised this indicator because I wanted to find a way to track the Money Flow Trend to exhaustion for both directions. Overview: I use two MFI series and an EMA of the faster MFI series to derive when the Money Flow is trending in one direction or another. What does this indicator not do: This indicator does not give buy and sell signals. What does this indicator do: This indicator offers confluence with your other indicators to determine when a reversal is approaching after a sustained trend of money flowing in or out of an asset. This indicator can help time your trades near reversal points, so you are not entering trades in the middle of some trending move. How to Tune I would not recommend changing the settings. I have exposed them for people that want to experiment. The short lengths are key to reducing lag How to read the indicator: When a red cross appears at the top, this indicates money flow into the asset is strong. Do not short an asset while there are red crosses. You will get REKT When a green cross appears at the bottom, this indicates money flow exiting the asset is strong. DO NOT buy an asset while there are green crosses. You will get REKT. When the white step line enters the top, but no crosses appear, this indicates money is flowing into the asset, but is weak. The trend will either gain strength soon or will collapse. When the white step line enters the bottom, but no crosses appear, this indicates money is flowing out of the asset, but is weak. The trend will either gain strength soon or will collapse. The green line is the slower MFI. I would not use any crosses with the white step line and the green line. These two lines can cross frequently and show divergences with price. very frequent crossing may indicate sideways movement with no real price movement. I often see the white step line enter the bottom and top zones under two primary conditions: Secondary tests of support and resistance zone which fail Failed breakouts/pullbacks after a pump or dump Additionally, I use my indicator with the following indicators. You may find them useful: Jurik Filtered, Composite Fractal Behavior (CFB) Channels (on current timeframe). Note: I often find strong trends trace the upper/lower bands, and end when the upper or lower band flattens Jurik Filtered, Composite Fractal Behavior (CFB) Channels (on smaller timeframe, i.e., 2hr on a 4h or 15m on the 1hr). Note: I often find weak trend pullbacks/breakouts touch the channel bands Session Volume Profile. Note: find trend completion corresponds to price above/below VAL areas
Indicatore Pine Script®
di CraftyChaos
1
Defu_RSIThis is a composite indicator, a collection of multiple indicators. Includes: 1. in the simple RSI oversold and overbought area, I rewritten the RSI index of pine, which is more in line with the change of the relative intensity of rise and fall. 2. the red and green column line to the top is rewritten by William w% index. The red and green column indicates the top of the stage. When the column line disappears, it indicates the top of the stage. It is very reliable. 3. CCI green line: calculate CCI index through EMA weighting, smooth CCI curve and reflect trend change. 4. the j-link of KDJ variant indicates the real-time change of trend, which is used in conjunction with CCI index. Please observe carefully 5. the intra day fluctuation indicator is represented by a red orange column line below the 0 axis, and a simple filter is added to indicate the turning point of the trend. I will continue to update when I have time //==============The above is translated by Google , please pass the administrator 这是个复合指标，是多个指标的集合。 包含有 1. 简单RSI超卖超买区，我改写了pine自带的rsi指标，这个更加符合涨跌相对强度的变化。 2.到顶红绿柱线，由威廉W%指标改写，红绿柱表示阶段的顶部，当柱线消失时，表示阶段顶部，非常可靠。 3. CCI 绿色线，通过ema加权计算CCI指标，平滑CCI曲线，反应趋势变化。 4.用KDJ变种的J线连表示趋势的即时变化，这个配合CCI指标使用。请仔细观察 5.日内波动指示器，在0轴下方用红橙柱线表示，加了简单的过滤器，表示趋势的转折点。
Indicatore Pine Script®
di Defuwa
Whisker Reversal Oscillator [SpiritualHealer117]The Whisker Reversal Oscillator can be used to spot strength or weakness in trends. It is designed for stocks, commodities and forex trading, and is intended to be calculated from the high, close, low, and open over a given length. Features: The Whisker Reversal Oscillator shows the average length of the top and bottom whiskers on candlesticks over a defined length. It plots the percentage difference between the whiskers and the length of the body, with the yellow line representing the average length of the top whisker, and the bottom line indicating the average length of the bottom whisker. Interpreting the signals: The Whisker Reversal Oscillator is interpreted in the same way as a candlestick reversal pattern, where it being bullish or bearish depends on the trend. In a bull trend, if the yellow line passes above the blue line, it means the top whiskers are longer on average than the bottom whiskers, which may show that bulls were too weak to hold a rally, and signal a reversal. On the other hand, in a bear trend, if the yellow line is above the blue line, it indicates that the bulls were able to push the price up, which would be bullish. If the blue line crosses over the yellow line in an uptrend, it's often a bearish sign, but if it happens in a downtrend, its a bullish sign. Generally speaking, a cross in the lines is indicative of a potential reversal, and when the lines cross over 1, it means that the whiskers were bigger than the candlestick bodies over your selected length, indicating that a big swing will come.
Indicatore Pine Script®
di Scalpalytics
2
Future Risk CalculatorCreated out of revenge against the difficulty of controlling psychology, greed, and risk management. Designed for cryptocurrency futures trading by following the risk management principles from Kevin Sailly. Very welcome if there are suggestions and input to improve the quality of this "indicator". Please use wisely. How to use: 1. Open indicator settings. 2. Fill out all the forms. (Note: I make Max Loss Risk only has 5 options. Because, you know, to control the greed. You can choose by considering your risk profiles and market condition) 3. All of the information and calculation will appear on the label (right side of the bar chart) and top-right box. 4. You can adjust the three prices (target, entry, and stop) by clicking any part of the indicator. There will be three dots in the middle of the chart window (align with three prices). Click that dots and drag them up/down to customize according to your wishes. The price order must be correct, for LONG direction the price order from the top is target-entry-stop. Vice versa for SHORT direction. There will be "SETUP ERROR" text in the top-right box if the price order is not correct. "Never, ever argue with your trading system." (by Michael Covel) Regards, Ircham
Indicatore Pine Script®
di i_am_ian
4
Magnifying Glass (LTF Candles) by SiddWolf█  OVERVIEW This indicator displays The Lower TimeFrame Candles in current chart, Like Zooming in on the Candle to see it's Lower TimeFrame Structure. It plots intrabar OHLC data inside a Label along with the volume structure of LTF candle in an eloquent format. █  QUICK GUIDE Just apply it to the chart, Hover the mouse on the Label and ta-da you have a Lower Timeframe OHLC candles on your screen. Move the indicator to the top and shrink it all the way up, because all the useful data is inside the label. Inside the label: The OHLC ltf candles are pretty straightforward. Volume strength of ltf candles is shown at bottom and Volume Profile on the left. Read the Details below for more information. In the settings, you will find the option to change the UI and can play around with Lower TimeFrame Settings. █  DETAILS First of all, I would like to thank the @TradingView team for providing the function to get access to the lower timeframe data. It is because of them that this magical indicator came into existence. Magnifying Glass indicator displays a Candle's Lower TimeFrame data in Higher timeframe chart. It displays the LTF candles inside a label. It also shows the Volume structure of the lower timeframe candles. Range percentage shown at the bottom is the percentage change between high and low of the current timeframe candle. LTF candle's timeframe is also shown at the bottom on the label. This indicator is gonna be most useful to the price action traders, which is like every profitable trader. How this indicator works: I didn't find any better way to display ltf candles other than labels. Labels are not build for such a complex behaviour, it's a workaround to display this important information. It gets the lower timeframe information of the candle and uses emojis to display information. The area that is shown, is the range of the current timeframe candle. Range is a difference between high and low of the candle. Range percentage is also shown at the bottom in the label. I've divided the range area into 20 parts because there are limitation to display data in the labels. Then the code checks out, in what area does the ltf candle body or wick lies, then displays the information using emojis. The code uses matrix elements for each block and relies heavily on string manipulation. But what I've found most difficult, is managing to fit everything correctly and beautifully so that the view doesn't break. Volume Structure: Strength of the Lower TimeFrame Candles is shown at the bottom inside the label. The Higher Volume is shown with the dark shade color and Lower Volume is shown with the light shade. The volume of candles are also ranked, with 1 being the highest volume, so you can see which candle have the maximum to minimum volume. This is pretty important to make a price action analysis of the lower timeframe candles. Inside the label on the left side you will see the volume profile. As the volume on the bottom shows the strength of each ltf candles, Volume profile on the left shows strength in a particular zone. The Darker the color, the higher the volume in the zone. The Highest volume on the left represents Point of Control (Volume Profile POC) of the candle. Lower TimeFrame Settings: There is a limitation for the lowest timeframe you can show for a chart, because there is only so much data you can fit inside a label. A label can show upto 20 blocks of emojis (candle blocks) per row. Magnifying Glass utilizes this behaviour of labels. 16 blocks are used to display ltf candles, 1 for volume profile and two for Open and Close Highlighter. So for any chart timeframe, ltf candles can be 16th part of htf candle. So 4 hours chart can show as low as 15 minutes of ltf data. I didn't provide the open settings for changing the lower timeframe, as it would give errors in a lot of ways. You can change the timeframe for each chart time from the settings provided. Limitations: Like I mentioned earlier, this indicator is a workaround to display ltf candles inside a label. This indicator does not work well on smaller screens. So if you are not able to see the label, zoom out on your browser a bit. Move the indicator to either top or bottom of all indicators and shrink it's space because all details are inside the label. █  How I use MAGNIFYING GLASS: This indicator provides you an edge, on top of your existing trading strategy. How you use Magnifying Glass is entirely dependent on your strategy. I use this indicator to get a broad picture, before getting into a trade. For example I see a Doji or Engulfing or any other famous candlestick pattern on important levels, I hover the mouse on Magnifying Glass, to look for the price action the ltf candles have been through, to make that pattern. I also use it with my "Wick Pressure" indicator, to check price action at wick zones. Whenever I see price touching important supply and demand zones, I check last few candles to read chart like a beautiful price action story. Also volume is pretty important too. This is what makes Magnifying Glass even better than actual lower timeframe candles. The increasing volume along with up/down trend price shows upward/downward momentum. The sudden burst (peak) in the volume suggests volume climax. Volume profile on the left can be interpreted as the strength/weakness zones inside a candle. The low volume in a price zone suggests weakness and High volume suggests strength. The Highest volume on the left act as POC for that candle. Before making any trade, I read the structure of last three or four candles to get the complete price action picture. █  Conclusion Magnifying Glass is a well crafted indicator that can be used to track lower timeframe price action. This indicator gives you an edge with the Multi Timeframe Analysis, which I believe is the most important aspect of profitable trading. ~ @SiddWolf
Indicatore Pine Script®
di SiddWolf
16
[blackcat] L3 Xerxes ChannelsLevel 3 Background The stock price channel theory is a widely used and mature theory in western securities analysis. In the 1970s, American Xerxes first established this theory. Function In fact, it is contained by the short-term small channel and runs up and down in the long-term large channel. The basic trading strategy is that when the short-term small channel approaches the long-term large channel, it indicates a recent reversal of the trend. The trend reverses downwards as the upper edge approaches, capturing short-term selling points. The trend reverses upward as the lower edge approaches, capturing short-term buying points. Studying this method can successfully escape from the top and catch the bottom in every wave of the market and seek the maximum profit. The long-term major channel reflects the long-term trend state of the stock, the trend has a certain inertia, and the extension time is long, reflecting the large cycle of the stock, which can grasp the overall trend of the stock, and is suitable for medium and long-term investment; The short-term small channel reflects the short-term trend status of the stock, accommodates the ups and downs of the stock, effectively filters out the frequent vibrations in the stock trend, but retains the up and down fluctuations of the stock price in the large channel, reflecting the small cycle of the stock, suitable for medium short-term speculation; The long-term large channel is upward, that is, the general trend is upward. At this time, when the short-term small channel touches or is close to the bottom of the long-term large channel, it indicates that the stock price is oversold and there is a possibility of a rebound. The short-term small channel has touched the top of the long-term large channel, indicating that the stock price has been overbought, and there will be a correction or consolidation in the form, and there is a trend of approaching the long-term large channel. It is more effective if the K-line trend and the short-term small channel trend also match well; The long-term big channel goes up, and the short-term small channel touches the top of the long-term big channel. At this time, the stock is in the stage of strong elongation. It can be appropriate to wait and see. When it turns flat in the short-term or turns its head down, it is a good delivery point, but it will penetrate If the area is a risk area, you should pay close attention to the reversal signal and ship at any time; The long-term large channel is downward, that is, the general trend is downward. At this time, the short-term small channel or the stock price peaks and the selling pressure increases, and there is a downward trend again. The bottoming pattern means that the buying pressure is increasing, and there is a requirement for slow decline adjustment or stop decline, and the price movement will tend to be close to the upper edge of the long-term large channel. Callbacks should be treated with caution, and buy only after confirming the reversal signal; The long-term large channel is down, while the short-term small channel penetrates the bottom line of the long-term large channel downward. At this time, it is mostly a slump process, and there is a rebound requirement, but the decline process will continue. It is not appropriate to open a position immediately. There is an upward trend, and when the short-term small channel turns back up and crosses back, it is a better opportunity to open a position at a low level; When the long-term large channel is flat horizontally for a long time, it is to consolidate the market, and the price fluctuates up and down along the channel. At this time, it is the stage of adjustment, opening and washing, indicating the emergence of the next round of market. Short-term speculators can sell on highs and buy on lows. If the short-term small channel strongly crosses the long-term large channel, and the long-term large channel turns upward, it indicates that a strong upward trend has begun. If the short-term small channel penetrates down the long-term large channel, and the long-term large channel turns downward, it indicates that the decline will continue. In a large balanced market, buy when the stock price hits the lower rail of the large channel at the bottom of the swing, and sell when the stock price hits the upper rail of the large channel at the peak of the swing. Remarks Feedbacks are appreciated.
Indicatore Pine Script®
di blackcat1402
2
(JS) Checklist SignalsWhat if I told you that you could use over 10 indicators at once without having a single one of them on you chart? Enter the Checklist Signals. This is probably the most complex yet simple indicator I've ever done. What you get is 6 rows (if you want them all) of labels that hover at the top of your screen with a ton of extremely useful information. I will go down the list of options in the indicator settings and explain how it all works. So the label placement is based on ATR. You choose your X Axis and Y Axis starting point then adjust the lookback period. Default lookback is 600 bars. What that means is, the indicator finds the highest high in the last 600 bars, then begins to place the labels above that zone based on the ATR of the chart. Different timeframes require very different combinations so it's all customizable. Sometimes if labels overlap you need to adjust the X Axis starting point, or the spread on either axis. The next set of options allows you to decide what you'd prefer to be set on or off. Let's start with ATR and VWAP. I have added bands for both of these. When price is below the mean (which is the 21 ema by default), then the labels show you the next 5 standard deviations of ATR going down. When under one of these levels the label turns red. The opposite is true when above the mean and in those instances the labels will be green. It is the same with the VWAP, though instead of using the mean we use the daily VWAP as the starting point. If you choose to have levels switched on then you can see the actual values of each standard deviation level. Down lower in the options you can change the resolution and source used for VWAP. The next option is "Trending". This creates a moving average using the length of the Trending Lookback Period (default is 5) and then tells you using arrows in the label which direction the trend of the indicator is going. The next area let's you specify the information you receive in the Squeeze labels. By default all options are one - and this tells you if there's a Squeeze, what type of Squeeze there is, and how many bars the Squeeze has been building up or since it fired. These labels are color coded to correspond with the Squeeze type as well. Then we get to another one of my indicators, the Ballista. One of the main signals is the "Inverted Squeeze" where the short term momentum inverts against the long term momentum. Here I have the distance between the two oscillators in the first label, and then the second label tells you if there's an Inverted Squeeze signal, if there's potential entry, confirmed entry, or how many bars its been since the last entry signal. The next feature is off by default, but it will add arrows to your chart based on a simple lower highs and higher lows signals. Turning arrows on will place them right on your chart above or below each bar. The rest of it is customizable settings of all the other indicators that are shown. Now looking at the labels themselves, starting in the top left corner: First Row- ADX + DMI: These labels show the ADX, DI+, & DI- values in each label. Whenever the DI+ or DI- is above the other then their respective label will light up. Also, when the ADX is above 20 (confirming the trend) it lights up in the same color as well. Squeeze: I described how this worked above, the labels tell you if there's a Squeeze, how long there's been one, and how long since it fired, all while also changing to color of the associated Squeeze type. Second Row - Stacked EMAs: The top label looks at the EMA values using the numbers of the Fibonacci sequence. It looks at the EMA 8, 21, 34, 55, 89, & 233 and tells you if they're all stacked in the same direction (Stacked Bear meaning they're all crossed down in order, Stacked Bull meaning they're all crossed up in order). If the EMAs are all stacked but 1 or 2 it will say Stacked -1 or Stacked -2. When they're all over the place it will say they aren't stacked at all. BB%: This tells you the value of the Bollinger Band %. If this is negative then you know that price is currently below the lower Bollinger Band, and if it is above 100% it is above the upper Bollinger Band. RSI: This tells you the value of the RSI and the label changes colors based on the value. Stoch: This tells you the Stochastic value and changes colors based on the value, same as the RSI. Third Row - The Mean: This tells you the numerical value of whatever you have the mean set as (21 ema by default). The label changes colors based on price being above or below the mean. One ATR: This was something I added for those looking to plan their trades out. This tells you the value of one ATR so you can have a better idea of how to plan your trades based on this distance. VIX: This tells you the current value of the VIX, and color changes based on being green or red on the day. Ballista: I explained this above, it tells you the distance between the two oscillators and changes colors based on the trend being above or below 0. When there's an Inverted Squeeze this label is gray. Inverted Squeeze: This label tells you if there's an inverted squeeze as well as if it is showing an entry or how many bars since the last entry signal. This label turns fuchsia on a bear signal and lime on a bull signal. Fourth Row - ATR Bands: As I explained above, this plots each standard deviation using ATR and changes colors based on price's relationship to each one. Fifth Row - VWAP: The three labels here show the daily, weekly, and monthly VWAP values, and color changes based on price's relationship to each one. Sixth Row - VWAP Bands: These are the standard deviation levels of the VWAP resolution of your choosing (as explained above), and just as the others, colors change based on price's relationship to each one. I thought this was a really cool indicator that could be used for people like me who like knowing the right information, but HATE having their charts clustered with a ton of stuff. Hope you all like it, enjoy!
Indicatore Pine Script®
di J-Streak
4
ENVELOPE RSI - Buy Sell SignalsThis indicator is mainly based on Overbought and Oversold . Indicator for short-term trading. This way you can get small but acceptable signals. The main basis of the indicator is as follows: To buy, the indicator is waiting for the instrument to be oversold from the RSI point of view. Then, if the chart crosses the bottom line of the Envelope indicator from the bottom to the top, a buy signal is issued. For sell, the indicator waits for the instrument to be overbought from the RSI perspective. Then, if the chart crosses the top line of the Envelope indicator from top to bottom, a sell signal is issued. The general basis is the consonance of the price and the RSI indicator . The best settings I came up with myself: Time frame: 15 minutes Overbought: 80 Oversell: 25 RSI Length: 8 It can be done on different instruments. But always set your profit and loss limits. (Profit to loss ratio in this indicator can be 1: 1.) Disclaimer : This information and trading indicators and tools provided neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs. I am not liable for any profit, financial improvement, losses or damages, monetary or other that may result from the application of information contained within this indicator. Individual traders must use their own due diligence in analyzing featured trading indicators, other trading tools, webinars and other educational materials to determine if they represent suitable and useable features and capabilities for the individual trader.
Indicatore Pine Script®
di Saleh_Toodarvari
40
MTF Stochastic ScannerThis Stochastic scanner can be use to identify overbought and oversold of 10 symbols over multiple timeframes it will give you a quick overview which pair is more overbough or more oversold and also signals tops and bottoms in the AVG row light red/green cell = weak bearish (Stoch = 30-20) / bullish (Stoch = 70-80) medium red/green cell = bearish (Stoch = 20-10) / bullish (Stoch = 80-90) dark red/green cell = strong bearish (Stoch <= 10) / bullish (Stoch >= 90) gray cell = neutral (Stoch = 30-70) Usage If AVG (average of all 4 timeframes) falls below 20, the cell will get green, indicating a good time to enter long (buy) If AVG (average of all 4 timeframes) rises above 80, the cell will get red, indicating a good time to enter short (sell) Use the "MTF Stochastic Scanner" in combination with the " MTF RSI Scanner " to find tops (RSI MTF avg >=70 AND Stochastic MTF avg >= 80) or bottoms (RSI MTF avg <= 30 AND Stochastic MTF avg <= 20) Here is how the two MTF scanners looked on Nov 08 2021 (ATH) » and here how the MTF scanners looked on June 21 2022 use TradingViews Replay function to check how it would have worked in the past and when not. As always… there NOT a single indicator that can show to the top & bottom 100% every single time. So use with caution, with other indicators and/or deeper understanding of technicals analysis ☝️☝️☝️ Settings You can change the timeframes, symbols, Stochastic settings, overbought/oversold levels and colors to your liking Drag the table onto the price chart, if you want to use it as an overlay. NOTE: Because of the 4x10 security requests, it can take up to 1 minute for changed settings to take effect! Please be patient 🙃 If you have any idea on how to optimise the code, please feel free to share 🙏 *** Inspired by "Binance CHOP Dashboard" from @Cazimiro and "RSI MTF Table" from @mobester16 ***
Indicatore Pine Script®
di Indicator-Jones
28
MTF RSI ScannerThis RSI scanner can be use to identify the relative strength of 10 symbols over multiple timeframes it will give you a quick overview which pair is more bearish or more bullish and also signals tops and bottoms in the AVG row light red/green cell = weak bearish (RSI = 45-35) / bullish (RSI = 55-65) medium red/green cell = bearish (RSI = 35-25) / bullish (RSI = 65-75) dark red/green cell = strong bearish (RSI <= 25) / bullish (RSI >= 75) gray cell = neutral (RSI= 45-55) Usage If AVG (average of all 4 timeframes) falls below 30, the cell will get green, indicating a good time to enter long (buy) If AVG (average of all 4 timeframes) rises above 70, the cell will get red, indicating a good time to enter short (sell) Use the "MTF RSI Scanner" in combination with the "MTF Stochastic Scanner" to find tops (RSI MTF avg >=70 AND Stochastic MTF avg >= 80) or bottoms (RSI MTF avg <= 30 AND Stochastic MTF avg <= 20) Here is how the two MTF scanners looked on Nov 08 2021 (ATH) » and here how the MTF scanners looked on June 21 2022 use TradingViews Replay function to check how it would have worked in the past and when not. As always… there NOT a single indicator that can show to the top & bottom 100% every single time. So use with caution, with other indicators and/or deeper understanding of technicals analysis ☝️☝️☝️ Settings You can change the timeframes, symbols, RSI settings, overbought/oversold levels and colors to your liking Drag the table onto the price chart, if you want to use it as an overlay. NOTE: Because of the 4x10 security requests, it can take up to 1 minute for changed settings to take effect! Please be patient 🙃 If you have any idea on how to optimise the code, please feel free to share 🙏 *** Inspired by "Binance CHOP Dashboard" from @Cazimiro and "RSI MTF Table" from @mobester16 ***
Indicatore Pine Script®
di Indicator-Jones
6
jma + dwma macdThis MACD system was originally conceptualized by Jurik Research and made public to the world on their website . The indicator consists of the faster Jurik Moving Average ( JMA ) and the slower Double Weighted Moving Average (DWMA). A long signal (green dot at the bottom) is shown when the JMA line crosses above the DWMA line (indicating a possible reversal in trend). A short signal (red dot at the top) is shown when the JMA line crosses below the DWMA line. Take profit signals (tan dot at the top/bottom) are shown when the JMA line reverses directions. Alerts for signals are included in this indicator. The default settings are not optimized for any timeframe. For an overlay version of this script, please see the following: Credit to @everget for the re-creation of the Jurik Moving Average in pinescript.
Indicatore Pine Script®
di multigrain
1
Market Sector Scanner/Screener With MOM + RSI + MFI + DMI + MACDMARKET SECTOR SCANNER/SCREENER MOM + RSI + MFI + DMI + MACD FOR STOCKS CRYPTO & FOREX This script scans 9 markets constantly and returns the values of 5 different popular indicators. This indicator helps you see when one of your favorite stocks is bullish or bearish when you are not watching that chart so you can always catch the big moves as they happen. ***HOW TO USE*** A great way to use this market screener is to set up separate chart layouts for each sector you like to trade. Such as the top 9 stocks in the S & P 500, top 9 stocks in the XLF etf, etc. Make sure to set up separate chart layouts in Tradingview so you don’t have to change the symbols constantly. This will give you a good idea in real time if that entire sector is bullish, bearish or mixed. When the entire grid goes red or green, those are very strong signs of market direction across that entire sector, so trades in the corresponding direction are quite safe. This can be done for crypto as well, using the top 9 cryptocurrencies by market cap. Watch the grid and wait for the entire lot to turn green or red and then take a position in that direction. You can also use this with a variety of your favorite tickers so you can see when specific markets are looking strong in either direction, instead of constantly changing charts or missing good opportunities because you weren’t watching that specific chart. This grid can also be used to determine how long to hold a position as well. If the entire grid is still green or red, according to your trade direction, you can usually expect price to continue in that direction until you see some conflicting colors start to pop up on the grid. As it starts to give mixed signals, you can expect the market to be indecisive or reverse which is a good time to get out. If you have your scanner setup to show similar markets in one sector, be careful taking trades when the grid is very mixed in color. This shows signs of indecision and will likely have choppy price action until the market decides a direction so make sure to use caution when the grid is mixed. It is best to wait for the entire grid to turn green or red and then take position. ***COLOR MEANINGS*** When each indicator value is in bullish territory, the background of that value will turn green. When each indicator value is in bearish territory, the background of that value will turn red. When each indicator value is in neutral territory, the background of that value will turn blue. When all 5 indicators for a ticker are bullish, the ticker background will turn green. When all 5 indicators for a ticker are bearish, the ticker background will turn red. When there is a mixture of bullish and bearish values, the ticker background will turn blue. ***CUSTOMIZATION*** You can customize which tickers are in your scanner including stocks, crypto, futures and forex, the source of the indicators, the length of the indicator settings and the smoothing parameters. ***INDICATORS USED*** The indicators used for each ticker are as follows: Momentum(MOM) - Default length is 14. Bullish is above zero, bearish is below zero. Relative Strength Index(RSI) - Default length is 14. Bullish is above 50, bearish is below 50. Money Flow Index(MFI) - Default length is 14. Bullish is above 50, bearish is below 50. Directional Movement Index(DMI) - Default length is 14 and smoothing is 14. Calculated by subtracting di minus from di plus. If the value is positive, it is bullish. If the value is negative, it is bearish. Moving Average Convergence & Divergence(MACD) - Default settings are 12, 26, 9. If the short line is greater than the long line, then it is bullish. If the short line is less than the long line, it is bearish. ***MARKETS*** This market scanner can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This scanner can be used on all timeframes and pulls data from other tickers using the same timeframe as what your current chart is set to. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are Trend Friend Scalp & Swing Signals, Auto Fibonacci, Directional Movement Index, Volume Profile With Buy/Sell Pressure, Auto Support And Resistance and Money Flow Index in combination with this Scanner. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Indicatore Pine Script®
di FriendOfTheTrend
16
Library CommonLibrary "LibraryCommon" A collection of custom tools & utility functions commonly used with my scripts @description TODO: add library description here getDecimals() Calculates how many decimals are on the quote price of the current market   Returns: The current decimal places on the market quote price truncate(float, float) Truncates (cuts) excess decimal places   Parameters:      float : number The number to truncate      float : decimalPlaces (default=2) The number of decimal places to truncate to   Returns: The given number truncated to the given decimalPlaces toWhole(float) Converts pips into whole numbers   Parameters:      float : number The pip number to convert into a whole number   Returns: The converted number toPips(float) Converts whole numbers back into pips   Parameters:      float : number The whole number to convert into pips   Returns: The converted number getPctChange(float, float, int) Gets the percentage change between 2 float values over a given lookback period   Parameters:      float : value1 The first value to reference      float : value2 The second value to reference      int : lookback The lookback period to analyze av_getPositionSize(float, float, float, float) Calculates OANDA forex position size for AutoView based on the given parameters   Parameters:      float : balance The account balance to use      float : risk The risk percentage amount (as a whole number - eg. 1 = 1% risk)      float : stopPoints The stop loss distance in POINTS (not pips)      float : conversionRate The conversion rate of our account balance currency   Returns: The calculated position size (in units - only compatible with OANDA) bullFib(priceLow, priceHigh, fibRatio) Calculates a bullish fibonacci value   Parameters:      priceLow : The lowest price point      priceHigh : The highest price point      fibRatio : The fibonacci % ratio to calculate   Returns: The fibonacci value of the given ratio between the two price points bearFib(priceLow, priceHigh, fibRatio) Calculates a bearish fibonacci value   Parameters:      priceLow : The lowest price point      priceHigh : The highest price point      fibRatio : The fibonacci % ratio to calculate   Returns: The fibonacci value of the given ratio between the two price points getMA(int, string) Gets a Moving Average based on type (MUST BE CALLED ON EVERY CALCULATION)   Parameters:      int : length The MA period      string : maType The type of MA   Returns: A moving average with the given parameters getEAP(float) Performs EAP stop loss size calculation (eg. ATR >= 20.0 and ATR < 30, returns 20)   Parameters:      float : atr The given ATR to base the EAP SL calculation on   Returns: The EAP SL converted ATR size getEAP2(float) Performs secondary EAP stop loss size calculation (eg. ATR < 40, add 5 pips, ATR between 40-50, add 10 pips etc)   Parameters:      float : atr The given ATR to base the EAP SL calculation on   Returns: The EAP SL converted ATR size barsAboveMA(int, float) Counts how many candles are above the MA   Parameters:      int : lookback The lookback period to look back over      float : ma The moving average to check   Returns: The bar count of how many recent bars are above the MA barsBelowMA(int, float) Counts how many candles are below the MA   Parameters:      int : lookback The lookback period to look back over      float : ma The moving average to reference   Returns: The bar count of how many recent bars are below the EMA barsCrossedMA(int, float) Counts how many times the EMA was crossed recently   Parameters:      int : lookback The lookback period to look back over      float : ma The moving average to reference   Returns: The bar count of how many times price recently crossed the EMA getPullbackBarCount(int, int) Counts how many green & red bars have printed recently (ie. pullback count)   Parameters:      int : lookback The lookback period to look back over      int : direction The color of the bar to count (1 = Green, -1 = Red)   Returns: The bar count of how many candles have retraced over the given lookback & direction getBodySize() Gets the current candle's body size (in POINTS, divide by 10 to get pips)   Returns: The current candle's body size in POINTS getTopWickSize() Gets the current candle's top wick size (in POINTS, divide by 10 to get pips)   Returns: The current candle's top wick size in POINTS getBottomWickSize() Gets the current candle's bottom wick size (in POINTS, divide by 10 to get pips)   Returns: The current candle's bottom wick size in POINTS getBodyPercent() Gets the current candle's body size as a percentage of its entire size including its wicks   Returns: The current candle's body size percentage isHammer(float, bool) Checks if the current bar is a hammer candle based on the given parameters   Parameters:      float : fib (default=0.382) The fib to base candle body on      bool : colorMatch (default=false) Does the candle need to be green? (true/false)   Returns: A boolean - true if the current bar matches the requirements of a hammer candle isStar(float, bool) Checks if the current bar is a shooting star candle based on the given parameters   Parameters:      float : fib (default=0.382) The fib to base candle body on      bool : colorMatch (default=false) Does the candle need to be red? (true/false)   Returns: A boolean - true if the current bar matches the requirements of a shooting star candle isDoji(float, bool) Checks if the current bar is a doji candle based on the given parameters   Parameters:      float : wickSize (default=2) The maximum top wick size compared to the bottom (and vice versa)      bool : bodySize (default=0.05) The maximum body size as a percentage compared to the entire candle size   Returns: A boolean - true if the current bar matches the requirements of a doji candle isBullishEC(float, float, bool) Checks if the current bar is a bullish engulfing candle   Parameters:      float : allowance (default=0) How many POINTS to allow the open to be off by (useful for markets with micro gaps)      float : rejectionWickSize (default=disabled) The maximum rejection wick size compared to the body as a percentage      bool : engulfWick (default=false) Does the engulfing candle require the wick to be engulfed as well?   Returns: A boolean - true if the current bar matches the requirements of a bullish engulfing candle isBearishEC(float, float, bool) Checks if the current bar is a bearish engulfing candle   Parameters:      float : allowance (default=0) How many POINTS to allow the open to be off by (useful for markets with micro gaps)      float : rejectionWickSize (default=disabled) The maximum rejection wick size compared to the body as a percentage      bool : engulfWick (default=false) Does the engulfing candle require the wick to be engulfed as well?   Returns: A boolean - true if the current bar matches the requirements of a bearish engulfing candle isInsideBar() Detects inside bars   Returns: Returns true if the current bar is an inside bar isOutsideBar() Detects outside bars   Returns: Returns true if the current bar is an outside bar barInSession(string, bool) Determines if the current price bar falls inside the specified session   Parameters:      string : sess The session to check      bool : useFilter (default=true) Whether or not to actually use this filter   Returns: A boolean - true if the current bar falls within the given time session barOutSession(string, bool) Determines if the current price bar falls outside the specified session   Parameters:      string : sess The session to check      bool : useFilter (default=true) Whether or not to actually use this filter   Returns: A boolean - true if the current bar falls outside the given time session dateFilter(int, int) Determines if this bar's time falls within date filter range   Parameters:      int : startTime The UNIX date timestamp to begin searching from      int : endTime the UNIX date timestamp to stop searching from   Returns: A boolean - true if the current bar falls within the given dates dayFilter(bool, bool, bool, bool, bool, bool, bool) Checks if the current bar's day is in the list of given days to analyze   Parameters:      bool : monday Should the script analyze this day? (true/false)      bool : tuesday Should the script analyze this day? (true/false)      bool : wednesday Should the script analyze this day? (true/false)      bool : thursday Should the script analyze this day? (true/false)      bool : friday Should the script analyze this day? (true/false)      bool : saturday Should the script analyze this day? (true/false)      bool : sunday Should the script analyze this day? (true/false)   Returns: A boolean - true if the current bar's day is one of the given days atrFilter() fillCell()
Libreria Pine Script®
di Wheeelman
2
Money Flow Index With Bullish & Bearish SignalsMONEY FLOW INDEX WITH BULLISH AND BEARISH SIGNALS Money Flow Index shows whether money is coming into the market or going out of the market. This can be used to gauge market sentiment and whether people are buying or selling at the current price. ***HOW TO USE*** If the MFI line is green, it is above the 50 line and in a bullish trend. If the MFI line is red, it is below the 50 line and in a bearish trend. If the background color is green, Money Flow is in a bullish trend, holding above the 50 line. If the background color is red, Money Flow is in a bearish trend, holding below the 50 line. If the MFI is above the 75 level it indicates a possible top or overbought conditions. If the MFI is below the 25 level it indicates a possible bottom or oversold conditions. ***BULLISH/BEARISH LABELS*** There is also a label on the right side that tells you whether the overall trend is bullish or bearish, if there is a possible bottom or top and if the current money flow index is going up or down. This table updates in real time and changes colors so you can get an easy, quick interpretation of the current money flow without having to look at the data so you can make faster decisions on whether to enter or exit a trade. The flashing from red to green or the opposite also grabs your attention so you know immediately if there is a change in trend. The table changes colors in sync with the MFI line and it's trends and bottom/top areas. Green means money is coming in. Red means money is going out. Blue means a neutral amount of money flow. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This Money Flow Index indicator can be used on all timeframes. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, DMI, Momentum, Auto Support And Resistance and Volume Profile in combination with this Money Flow Index. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Indicatore Pine Script®
di FriendOfTheTrend
9
Measure Volume, Momentum, Trend, VolatilityThis script displays the following indicators in one pane to quickly determine several important factors regarding price action. It allows the user to quickly see all of most important factors surrounding price action in one pane with one quick glance. This should be incredibly helpful and allow things like double divergence and trend confirmation to be spotted much more quickly. I personally use the data in this indicator to replace four separate indicators and it has brought my win rate and profit factor significantly higher. I hadn't seen any place where all of the best J. Welles Wilder indicators such as RSI, Parabolic SAR, and DMI/ADX were brought into one easy to use interface. This is my attempt at fixing that gap. For a much deeper understanding of how to use these indicators, I recommend reading New Concepts in Technical Trading Systems written by J. Welles Wilder. Momentum via RSI (Relative Strength Index) Volume via MFI (Money Flow Index) Volatility via DMI/ADX (Direction Movement Index/Average Directional Index) Trend via Parabolic SAR (Parabolic Stop and Reverse) It is worth noting that DMI/ADX and Parabolic SAR can both help determine trend strength and volatility. The Volatility mechanism is measured by DMI and ADX and displayed at the top of the pane using circles. The top, tiny circles reflect if show if positive DI or negative DI has a higher value. The small circles directly underneath indicate whether or not the ADX is above 20 (configurable, some may choose to increase this to 25 or even 30). The Momentum mechanism is shown as standard RSI with the default being a white line and default period of 14, which is all configurable. The Volume mechanism is shown as standard MFI with the default being a fuchsia line and default period of 14, which is also configurable. The momentum and volume oscillators should be used in conjunction to help spot whether the trend is strong or weak using divergences and the middle, overbought, and oversold levels. These levels are also configurable. The Trend mechanism is measured by Parabolic SAR and displayed at the bottom of the pane using diamonds. The default is red diamonds when in a bear trend, green when in an uptrend which is configurable. When price is above the Parabolic SAR, it is considered to be an uptrend. When price is below the Parabolic SAR, it is considered to be a downtrend. The way price is measured is also configurable (i.e. open, close, ohlc4, hlc3, etc.). When price crossed above or below the Parabolic SAR, the diamonds will change colors. All the indicators displayed should be used in a well rounded strategy. For instance, I only trade when ADX is above 20 and rarely trade against the trend shown via PSAR. When trend shifts and divergences helped indicate a trend shift would occur using the RSI and MFI, it can be a great spot to take an entry. RSI/MFI can also confirm the trend is strong when they are not showing divergences and inline with price action. All of this data should be used in conjunction with good fundamental data and technical levels. Divergences with RSI and MFI on double tops or bottoms can also be incredibly powerful. There is no right or wrong way to use all the data displayed in this indicator, however using all four pillars of trading (Momentum, Volume, Trend, Volatility) will help ensure only the best trades are taken.
Indicatore Pine Script®
di kfatkin
10
MACRO BTC HEALTH 1WThis indicator is used as MACRO tool to view the outlook of BTC on the 1W time frame to illustrate (BLX chart works best) BTC's price action and where it's at, it helps provide an indication of the crypto market's current health as BTC health is an overall indicator in the crypto market as a whole. This indicator uses historic data to fit between 4 bands fitted to MA, top(red) when BTC is overheated, 2 bands in middle(yellow) when BTC in fair value, and bottom band(blue) when BTC is oversold I combined MA that fit BTC 1W chart precisely to show when BTC looks overheated vs over sold using historic data. When BTC is in the top bands historically overheated. When BTC is in the middle it is fighting at fair value with the 2 yellow lines in the middle, bullish when above yellow lines, as they act as support, and in downtrend when price is below yellow lines and can act as resistance. Historically the 200W MA is where BTC finds support at an oversold level at the bottom blue line. When two yellow lines in middle cross downwards historically results in a downtrend to the bottom oversold line (blue). and when two yellow lines cross up and BTC holds them as support bullish trend continues until it is overheated passed the red band. This indicator is not meant for day trading but is meant to illustrate a MACRO view of BTC current situation from a zoomed-out view, and to help illustrate to investors where things are at so they leave emotions out of the market and can make decisions based on BTC current levels using Historic data. Pro tip use bottom line(blue, oversold) as an opportunity to buy in and top line red(overheated) to scale out of positions, LONG TERM CRYPTO IS BULLISH BUT GREAT TO GET AN OUTLOOK OF THE CURRENT STATE OF BTC, WHILE ALSO USING MACRO ECONOMIC SENTIMENT IRL, FUNDAMENTAL ECONOMIC DECISIONS, ECONOMIC CONDITIONS/ENVIRONMENT, ECONOMIC HEALTH ,FED DECISIONS, INTEREST RATE ENVIRONMENT AND OF COURSE LOOKING AT CRYPTO ADOPTION. Hope this indicator helps leave emotions out of the market by providing a good guide of BTC sentiment, and its current health to make decisions accordingly. NFA but good to envision the MACRO BTC HEALTH at the 1W timeframe.
Indicatore Pine Script®
di MasterTonyTA
Exponentially Deviating Moving Average (MZ EDMA)Exponentially Deviating Moving Average (MZ EDMA) is derived from Exponential Moving Average to predict better exit in top reversal case. EDMA Philosophy EDMA is calculated in following steps: In first step, Exponentially expanding moving line is calculated with same code as of EMA but with different smoothness (1 instead of 2). In 2nd step, Exponentially contracting moving line is calculated using 1st calculated line as source input and also using same code as of EMA but with different smoothness (1 instead of 2). In 3rd step, Hull Moving Average with 3/2 of EDMA length is calculated using final line as source input. This final HMA will be equal to Exponentially Deviating Moving Average. EDMA Advantages EDMA's main advantage is that in case of top price reversal it deviates from conventional EMA of 2*Length. This benefits in using EDMA for EMA cross with quick signals avoiding unnecessary crossovers. EDMA's deviation in case of top reversal can be seen as below: EDMA presents better smoothened curve which acts as better Support and resistance. EDMA coparison with conventional EMA of 2*length of EDMA is as follows. Additional Features EMA Band: EMA band is shown on chart to better visualize EMA cross with EDMA. Dynamic Coloring: Chikou Filter library is used for derivation of dynamic coloring of EDMA and its band. Alerts: Alerts are provided of all trade signals. Weak buy/sell would trigger if EMA of 2*EDMA_length crosses EDMA. Strong buy/sell would trigger if EMA of same length as of EDMA crosses EDMA. Trade Confirmation with Chikou Filter: Trend filteration from Chikou filter library is used as an option to enhance trades signals accuracy. Defaults Currently default EDMA and EMA1 length is set to 20 period which I've found better for higher timeframes but this can be adjusted according to user's timeframe. I would soon add Multi Timeframe option in script too. Chikou filter's period is set to 25.
Indicatore Pine Script®
di MightyZinger
6
Stock Value - How Much Stock Should Worth?Stock Value © danny_peanuts There 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) * (M2/M0) BVPS = Book Value Per Share (Asset - Liability) EPS = Earnings Per Share DPS = Dividends Per Share M2 = M2 Money Supply (Money Market) M0 = M0 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
Indicatore Pine Script®
di danny_peanuts
10
[blackcat] L2 Reversal Labels StrategyLevel: 2 Background There is a Chinese proverb that says: "The great way leads to simplicity". This indicator is the representative of this meaning. Through the processing of the most common MACD indicator data, it is possible to quickly determine the market price: whether the current price is at a historical high or low, whether a reversal will happen soon, etc. at a glance. Function This is the strategy version of the same indicator which performs screening and filtering through the fast and slow line data corresponding to the output of the standard MACD indicator, so as to realize the function of judging the top and bottom of the trend. Inputs N/A Key Signal Near Top --> Top is reached and reversal may happen soon. (red labels) Near Bottom --> Bottom is reached and reversal may happen soon. (green labels) Remarks The backtest result is picked up and optimized for BTCUSD '2D' time frame, it does not work constantly well for any time frame. You need to combine other indicators for other trading pair and time frame. You can add alerts for this version. This is a Level 2 free and open source indicator. Feedbacks are appreciated.
Strategia Pine Script®
di blackcat1402
2
Abz BTC InvestorInvestor indicator: This indicator is intended to be used on a chart showing Bitcoin's historical price action. By viewing years of Bitcoin's history, it's possible to better see Bitcoin's current price within a long term context of the price rage. Purpose and possible usage: I built the indicator to make it easier for me and for friends and family to make better informed decisions about our Bitcoin investments. The indicator shows the historic range of the asset and indicates where Bitcoin is oversold (below the bottom line) and overbought (above the top purple line): - Above the top purple line, I'll look to take some profits or consider hedging to protect my long term position's growth - Below the bottom purple line, I'll look to dollar cost average into a long term position I think the idea for this came from idea listening to the YouTuber Birb talking about how well Bitcoin tracked between the 200 day moving average (bottom navy moving average) and 5x that value (top moving average). Hope you find it useful. Best wishes, Abzorba
Indicatore Pine Script®
di Abzorba
10
CHOPORSI CHOPORSI is a multiindicator. This indicator help You to recognize potential in or out singal. Base singals are from Choppines, RSI, AND DMI indicators. It is a combination of 3 separate indicators like choppines RSI and DMI. Then our new indicator see like bellow on next image. Yellow line is sum of CHOP index and RSI , in this case we can say its a CHOPORSI Index. Green line is DMI- line , this show us strength of sell position on the market. We schould use other signals, like LSMA 50/100 to improve trend changing. Like on next picture. Now how this indicator works? Yellow line is the sum oF Chop and RSI value - 50. Max and minimum value of CHOP and RSI are the same from 0 to 100. We have sum of them. Our minimum signal is 0+0-50=-50 maximum signal is 100+100-50= 150 Most times if both of tem are on top level ( then we have 150) the trend is chanhing from bullish to bearish. The same way if the RSI ist on 0 and chop is over 50 ( then we have index 0 ) wee changing the tren from bearish to bullish. Off course it not every time. We see other signals, to take our risk self not sugested by some art of indicators. But if we are abowe topline, witch is set to 85 we can sey, we have have oversold signal. Underline 30 isour potentialy buy signal. Midrange 50 is mostly trand changin line. This valu of top, mid bottom line you can change on the setting. Every Coin have another level of this lines, and need to be checked individual to the coin. Standard, settings are set fo timeframe : 12 min. 24 min, 1H and 4 H > Blue crosses signalize possibilities trend changing. This picture shou us how this indicator works. Buy long signal : If yellow line is mostly at the bottom and green mostly on the top. Sell long signal l. Yellow -top , green -bottom. The Green line is from Directional Movement Index and is - DI line. Its show us selling trend. even higher position then mor sell of . Standard value of CHOPPINES is 14 , works fin on 1H and abowe also wit the value of 28 Standard value for RSI AND -DI unchanging 14. I tjink this is a simplu helpfull indycator. WARNING!!! IF YOU AT THIS POINT CANT UNDERSUD THIS INDICATOR, PLEASE DONT USE THEM . Signal, schould be confirmed with other indicators like MA, EMA even better with LSMA . Please try it an make only paper trading, to undertand how its realy works. Thank You!
Indicatore Pine Script®
di ChartsHussars
9