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M waves Mk3 'Magical M's v1 V2 V3 So I forgot this existed so here is the Opened sourced code (pm me for older sorce code there are 600+ Saves)(pm me for other scrips course code too lazy to republish everything) Changes: Simplified and annotated code/upgraded to v4 format as always adjust before using i use this indicator combined with the other frequency one to help me identify time and direction of next move. Pair with rsi Pair with detrended tsi (have unpublished script might share later) ‘Redraw’ safe Slightly detrented(adjustable) to avoid traps quick how to use: Meant as and adjustable indicator to “tune" to personal risk/reward preference Green means buy red means sell arrow indicators for long term sell and buy Highly customizable (candles too) Check out my profile for previous versions they are less customizable but also easier to get started with similar to rsi you want to buy/sell when the indicator turns green/red and lines are as pinched as posible (the lines that are being filled). keep an eye on the other line that moves around ;) if its not matching the other 2 moving averages and the main color indicator chances are its a trap(works both ways) use the candles to help you keep your eye on the indicator when scalping (look at the original post for some color ideas)
Indicatore Pine Script®
di diegogasparm
3
Morphed Sine WaveIntroduction If you rescale a sine wave to the price you will need to correlate it with it in order to show good results, today i present a different method that does not involve correlation to "morph" a sine wave to the price in order to provide forecast's and highlight market periodic patterns. Parameters length control the period of the sine wave, power control the "morphing" amount, if you see for example that the results are going nuts try to increase power , if the results are just the price and the delayed price try to decrease power . power = 1 power = 100 Those settings might be different depending on which market you are in. Various Uses You can do a lot of things with this indicator, use filters as source : Use the indicator as source for oscillators in order to create cycles indicators : And certainly many more things Conclusion I presented a way to morph a sine wave to the price i order to highlight cycles. You can use any function that return a value between -1 and 1 instead of sin , this can be a scaled rsi/stochastic or correlation coefficient, its up to you :) If you need help don't hesitate to commend or pm me. I hope you will like the indicator and that it will inspire you to make great things. Thanks for reading !
Indicatore Pine Script®
di alexgrover
17
JSE Wyckoff WaveThe Stock Market Institute (SMI) describes an propriety indicator the "SMI Wyckoff Wave" for US Stocks. This code is an attempt to make a Wyckoff Wave for the Johannesburg Stock Exchange (JSE). Once the wave has been established the volume can also be calculated. Please see code for the JSE Wyckoff Wave Volume which goes with this indicator. The Wave presents a normalized price for the 10 selected stocks (An Index for the 10 stocks). The theory is to select stocks that are widely held, market leaders, actively traded and participate in important market moves. This is only my attempt to select 10 stocks and a different selection can be made. I am not certain how SMI determine their weightings but what I have done it to equalize the Rand value of the stock so that moves are of equal magnitude. The then provides a view of the overall condition of the market and volume flow in the market. I have used the September 2018 price to normalize the stock price for the 10 selected stocks based. The stocks and weightings can be changed periodically depending on the performance and leadership. Most Indecies when constructed assume that all high prices and all low prices happen at the same time and therefor inflate the wicks of the bars. To make the wave more representatives for the SMI Wyckoff Wave the price is determined on the 5 minute timeframe which removes this bias. However, TradingView does not calculate properly when selecting a lower timeframe than in current period. A work around is to call the sma of the highs and add these which provides more realistic tails. Please, let me know if there is a better work around this. The stocks and their weightings are: "JSE:BTI"*0.79 "JSE:SHP"*2.87 "JSE:NPN"*0.18 "JSE:AGL"*1.96 "JSE:SOL"*1.0 "JSE:CFR"*4.42 "JSE:MND"*1.40 "JSE:MTN"*7.63 "JSE:SLM"*7.29 "JSE:FSR"*8.25
Indicatore Pine Script®
di SteynTrade
EMA Wave and GRaB Candles by JustUncleLThis is a specialised Price Action Channel (PAC) or Wave that mirrors the indicator used by Raghee Horner, the "34EMA Wave and GRaB Candles". The Wave consist of: 34 period exponential moving average on the high 34 period exponential moving average on the close 34 period exponential moving average on the low The GRaB candles colour scheme: Lime = Bull candle closed above Wave Green = Bear candle closed above Wave Red = Bull candle closed below Wave DarkRed = Bear candle closed below Wave Aqua = Bull candle closed inside Wave Blue = Bear candle closed inside Wave Optionally display a trend direction indication along bottom of chart. References: For some details on how Raghee uses this indicator check out this: www.forexfactory.com Also her various training and webinar videos on Youtube Note: This code is licensed under open source GPLv3 terms and conditions. Any modifications to it should be made public and linked to the original code.
Indicatore Pine Script®
di JustUncleL
13
[blackcat] L2 Wave Base CampOVERVIEW The L2 Wave Base Camp indicator is a technical analysis tool designed to identify trends and potential trading signals by visualizing price and volume data through moving averages and relative strength calculations. It operates in its own panel on the trading chart, providing traders with a clear and color-coded representation of market conditions. FEATURES Customizable Base Camp Level: Users can set a horizontal line at a specific level to mark significant price points. Color-Coded Histograms: Different colors indicate various market conditions, such as price position relative to moving averages. Labeled Signals: The indicator labels potential "Valley" and "Top" points, suggesting buying and selling opportunities. Volume Analysis: Incorporates volume data to identify potential trend reversals based on volume trends. HOW TO USE Set the Base Camp Level: Adjust the input parameter to define a significant price level. Interpret Histogram Colors: Use the color-coded histograms to understand the current market condition. Look for Labeled Signals: Pay attention to "Valley" and "Top" labels for potential trading opportunities. Analyze Volume Trends: Monitor volume data for signs of trend reversals. LIMITATIONS Not a Standalone Tool: Should be used in conjunction with other indicators and analysis methods. Backtesting Required: Essential to understand historical performance before live trading. NOTES The indicator uses moving averages (SMA) and relative strength calculations to smooth data and identify trends. Crossover events between different moving averages generate buy and sell signals. THANKS Special thanks to the original author for developing this insightful trading tool.
Indicatore Pine Script®
di blackcat1402
3
[blackat] L1 Funding Bottom Wave█ OVERVIEW The script "Funding Bottom Wave" is an indicator designed to analyze market conditions based on multiple smoothed price calculations and specific thresholds. It calculates several values such as B-value, VAR2-value, and additional signals like SK and SD to identify buy/sell levels and reversals, aiding traders in making informed decisions. █ LOGICAL FRAMEWORK The script consists of several main components: • Input parameters that allow customization of calculation periods and thresholds. • A custom function funding_wave that computes various financial metrics and conditions. • Plotting commands to visualize different aspects of those computations. Data flows from input parameters into the funding_wave function where calculations are performed. These results are then plotted according to specified conditions. The script uses conditional expressions to define when certain plots should appear based on the computed values. █ CUSTOM FUNCTIONS funding_wave Function: This function takes six arguments: close_price, high_price, low_price, open_price, period_b, and period_var2. It performs several calculations including: • Price range percentage normalized between lowest and highest prices over 60 bars. • SMA of this value over periods defined by period_b and period_var2. • Several moving averages (MA), EMAs, and extreme point markers (highest/lowest). • Multiple condition checks involving these metrics leading to buy/high signal flags. Returns: An array containing B-value, VAR2-value, SK-value, SD-value, along with various conditional signal indicators. █ KEY POINTS AND TECHNIQUES • Utilizes built-in TA functions (ta.highest, ta.lowest, ta.sma, ta.ema) for smoothing and normalization purposes. • Implements extensive use of ternary operators and boolean logic to determine plot visibility based on specific criteria. • Employs column-style plotting which highlights significant transitions in calculated metric levels visually. • No explicit loops; computations utilize vectorized operations inherent to Pine Script's nature. █ EXTENDED KNOWLEDGE AND APPLICATIONS Potential modifications/extensions include: • Adding alerts for key threshold crossovers or meeting certain conditions. • Customizing more sophisticated alert messages incorporating current time and symbol details. • Incorporating stop-loss/take-profit strategies dynamically adjusted by indicator outputs. Similar techniques can be applied in: • Developing robust trend-following systems combining momentum oscillators. • Enhancing basic price action rulesets with statistical filters derived from historical data behaviors. • Exploring intraday breakout strategies predicated upon sudden changes in market sentiment captured via volatility spikes. Related concepts/features: • Using arrays to encapsulate complex return structures for reusability across scripts/functions. • Leveraging na effectively within plotting constructs ensures cleaner chart presentation avoiding clutter from irrelevant points. █ MARKET MEANING OF DIFFERENT COLORED COLUMNS Red Columns ("B above Var2"): • Market Interpretation: When the red columns appear, it indicates that the B-value is higher than the VAR2-value. This suggests a strengthening upward trend or consolidation phase where the market might be experiencing buying pressure relative to recent trends. • Trading Implication: Traders may consider this as a potentially bullish sign, indicating strength in the underlying asset. Green Columns ("B below Var2"): • Market Interpretation: Green columns indicate that the B-value is lower than the VAR2-value. This could suggest downward trend acceleration or weakening buying pressure compared to recent trends. • Trading Implication: Traders might interpret this as a bearish signal, suggesting a possible decline in the market. Aqua Columns ("SK below SD"): • Market Interpretation: Aqua columns show instances where the SK-value is below the SD-value. This typically signifies that the short-term stochastic oscillator (or similar measure) is signaling oversold conditions but not yet reaching extremes. • Trading Implication: While not necessarily a strong sell signal, aqua columns might prompt traders to look for further confirmation before entering long positions. Fuchsia Columns ("SK above SD"): • Market Interpretation: Fuchsia columns represent situations where the SK-value exceeds the SD-value. This usually indicates overbought conditions in the near term. • Trading Implication: Traders often view fuchsia columns as cautionary signs, possibly prompting them to exit existing long positions or refrain from adding new ones without further analysis. Yellow Columns ("High Condition" and "High Condition Both"): • Market Interpretation: Yellow columns occur when either the SK-value or B-value crosses above predefined high thresholds (e.g., 90). If both cross simultaneously, they form "High Condition Both." • Trading Implication: Strongly bullish signals indicating overheated markets prone to corrections. Traders may see this as a good opportunity to take profits or prepare for a pullback/corrective move. Blue Columns ("Low Condition" and "Low Condition Both"): • Market Interpretation: Blue columns emerge when either the SK-value or B-value drops below predefined low thresholds (e.g., 10). Simultaneous crossing forms "Low Condition Both." • Trading Implication: Potentially bullish reversal setups once the market starts showing signs of bottoming out after being significantly oversold. Traders might use blue columns as entry points for establishing long positions or hedging against anticipated rebounds. Light Purple Columns ("Low Condition with Reversal" and "Low Condition Both with Reversal"): • Market Interpretation: Light purple columns signify moments when the SK-value or B-value falls below their respective thresholds but has started reversing upwards immediately afterward. If both fall and reverse together, it's denoted as "Low Condition Both with Reversal." • Trading Implication: Suggests a possible early-stage rebound from an extended downtrend or sideways movement. This could be seen as a highly reliable bulls' flag formation setup. White Columns ("High Condition with Reversal" and "High Condition Both with Reversal"): • Market Interpretation: White columns denote scenarios where the SK-value or B-value breaches high thresholds (e.g., 90) but begins descending shortly thereafter. Both simultaneously crossing leads to "High Condition Both with Reversal." • Trading Implication: Indicative of peak overbought conditions followed quickly by exhaustion in buying interest. This warns traders about potential imminent retracements or pullbacks, prompting exits or short positions. █ SUMMARY TABLE OF COLUMN COLORS AND THEIR MEANINGS Color Type Market Interpretation Trading Implication Red B above Var2 Strengthening upward trend/consolidation Bullish sign Green B below Var2 Downward trend acceleration/weakening buying pressure Bearish sign Aqua SK below SD Oversold conditions but not extreme Cautionary signal Fuchsia SK above SD Overbought conditions Take profit/precaution Yellow High Condition / High Condition Both Overheated market, likely correction coming Good time to exit/additional selling Blue Low Condition / Low Condition Both Possible bull/rebound setup Entry point/hedging Light Purple Low Condition with Reversal / Low Condition Both with Reversal Early-stage rebound from downtrend Reliable bulls' flag formation White High Condition with Reversal / High Condition Both with Reversal Peak overbought with imminent retracement Exit positions/warning Understanding these color-coded signals can help traders make more informed decisions, whether for entry, exit, or risk management in trading strategies. Each set of colors provides distinct insights into market dynamics and trends, aiding in effective execution of trade plans.
Indicatore Pine Script®
di blackcat1402
Prometheus Fractal WaveThe Fractal Wave is an indicator that uses a fractal analysis to determine where reversals may happen. This is done through a Fractal process, making sure a price point is in a certain set and then getting a Distance metric. Calculation: A bullish Fractal is defined by the current bar’s high being less than the last bar’s high, and the last bar’s high being greater than the second to last bar’s high, and the last bar’s high being greater than the third to last bar’s high. A bearish Fractal is defined by the current low being greater than the last bar’s low, and the last bar’s low being less than the second to last bar’s low, and the last bar’s low being less than the third to last bar’s low. When there is that bullish or bearish fractal the value we store is either the last bar’s high or low respective to bullish or bearish fractal. Once we have that value stored we either subtract the last bar’s low from the bullish Fractal value, and subtract the last bar’s high from the bearish Fractal value. Those are our Distances. Code: isBullishFractal() => high > high and high < high and high > high isBearishFractal() => low < low and low > low and low < low var float lastBullishFractal = na var float lastBearishFractal = na if isBullishFractal() and barstate.isconfirmed lastBullishFractal := high if isBearishFractal() and barstate.isconfirmed lastBearishFractal := low //------------------------------ //-------CACLULATION------------ //------------------------------ bullWaveDistance = na(lastBullishFractal) ? na : lastBullishFractal - low bearWaveDistance = na(lastBearishFractal) ? na : high - lastBearishFractal We then plot the bullish distance and the negative bearish distance. The trade scenarios come from when one breaks the zero line and then goes back above or below. So if the last bullish distance was below 0 and is now above, or if the last negative bearish distance was above 0 and now below. We plot a green label below a candle for a bullish scenario, or a red label above a candle for a bearish one, you can turn them on or off. Code: plot(bullWaveDistance, color=color.green, title="Bull Wave Distance", linewidth=2) plot(-bearWaveDistance, color=color.red, title="Bear Wave Distance", linewidth=2) plot(0, "Zero Line", color=color.gray, display = display.pane) bearish_reversal = plot_labels ? bullWaveDistance < 0 and bullWaveDistance > 0 : na bullish_reversal = plot_labels ? -bearWaveDistance > 0 and -bearWaveDistance < 0 : na plotshape(bullish_reversal, location=location.belowbar, color=color.green, style=shape.labelup, title="Bullish Fractal", text="↑", display = display.all - display.status_line, force_overlay = true) plotshape(bearish_reversal, location=location.abovebar, color=color.red, style=shape.labeldown, title="Bearish Fractal", text="↓", display = display.all - display.status_line, force_overlay = true) We can see in this daily NASDAQ:QQQ chart that the indicator gives us marks that can either be used as Reversal signals or as breathers in the trend. Since it is designed to provide reversals, on something like Gold where the uptrend has been strong, the signals may be just short breathers, not full blown strong reversal signs. The indicator works just as well intra day as it does on larger timeframes. We encourage traders to not follow indicators blindly, none are 100% accurate. Please comment on any desired updates, all criticism is welcome!
Indicatore Pine Script®
di ScorsoneEnterprises
Bitcoin Wave RainbowThis Bitcoin Wave Rainbow model is a powerful tool designed to help traders of all levels understand and navigate the Bitcoin market. It works only with BTC in any timeframe, but better looks in dayly or weekly timeframes. It provides valuable insights into historical price behavior and offers forecasts for the next decade, making it an essential asset for both short-term and long-term strategies. How the Model Works The model is built on a logarithmic trend, also known as a power law, represented by the green line on the chart. This line illustrates the expected price trajectory of Bitcoin over time. The model also incorporates a range of price fluctuations around this trend, represented by colored bands. The width of these bands narrows over time, indicating that the model becomes increasingly accurate as it progresses. This is due to the exponential decrease in the range of price fluctuations, making the model a reliable tool for predicting future price movements. Understanding the Zones Blue Zone: This zone signifies that the price is below its trend, making it a recommended area for buying Bitcoin. It represents a level where the price is unlikely to fall further, providing a potential opportunity for accumulation. Green Zone: This zone represents a fair price range, where the price is relatively close to its trend. In this zone, the price may continue to go up or down, depending on the halving season. ransiting up around any halving and transiting down around 2 years after each halving. Yellow Zone: This zone indicates that the price is somewhat overheated, often due to the hype following a halving event. While there may still be room for the price to rise, traders should exercise caution in this zone, as a price correction could occur. Red Zone: This zone represents a strong overbought condition, where the price is significantly above its trend. Traders should be extremely cautious in this zone and consider reducing their positions, as the price is likely to revert back towards the trend or even lower. Using the Model in Your Trading Strategy This indicator can be used in conjunction with the Bitcoin Wave Model, which complements it by showing harmonic price fluctuations associated with halving events. Together, these indicators provide a comprehensive view of the Bitcoin market, allowing traders to make informed decisions based on both historical data and future projections. Benefits for Traders This Bitcoin price model offers numerous benefits for traders, including: Clear Visualization: The model provides a clear and concise visual representation of Bitcoin's price behavior, making it easy to understand and interpret. Accurate Forecasting: The model's accuracy increases over time, providing reliable forecasts for future price movements. Risk Management: The model helps traders identify overbought and oversold conditions, allowing them to manage their risk more effectively. Strategic Decision-Making: By understanding the different zones and their implications, traders can make more informed decisions about when to buy, sell, or hold Bitcoin. By incorporating this Bitcoin price model into your trading strategy, you can gain a deeper understanding of the market dynamics and improve your chances of success.
Indicatore Pine Script®
di leoum
1
Smart Money Setup 04 [TradingFinder] Three Drive (Harmonic) + OB🔵 Introduction The "Three Drive" pattern is a well-known formation in technical analysis, recognized for its ability to signal potential trend reversals in price action. Within the realm of trading, particularly in the context of "Reversal Patterns," the Three Drive pattern holds significance as a reliable indicator of shifts in market sentiment. 🟣 Bullish 3 Drive This pattern typically manifests at a price bottom, where a sequence of lower lows suggests a prevailing negative trend. However, within the structure of the Three Drive pattern, a notable occurrence unfolds. The second low breaches the range of the first low, followed by the third low surpassing the range of the second low. These penetrations signify a diminishing selling pressure and an emerging buying interest. Traders often await the confirmation of the third low surpassing the second low as an entry point, with price targets set at the highs formed within the Three Drive pattern. 🟣 Bearish 3 Drive Conversely, the Bearish Three Drive pattern emerges at a price top, characterized by a sequence of higher highs indicating an upward trend. Yet, amidst this apparent bullish momentum, a shift occurs. The second high breaks beyond the range of the first high, succeeded by the third high exceeding the range of the second high. These breaches signify a waning buying strength and a resurgence in selling pressure. Entry into a trade is often executed after the confirmation of the third high surpassing the second high, with targets set at the lows formed within the Three Drive pattern. Importance : Understanding the Three Drive pattern's significance extends beyond mere technical analysis. It bears resemblance to other established patterns, such as the Harmonic Pattern and Ending Diagonal within the Elliott Wave Theory. Recognizing these parallels aids traders in comprehending broader market dynamics and potential price movements. 🔵 Formation of 3 Drive in Order Block Zone The convergence of the Three Drive pattern with the concept of the Order Block Zone introduces a nuanced layer to traders' analytical approach. In "Price Action" methodology, Order Blocks represent areas on the price chart where significant market players, such as institutional traders, have executed notable orders. These zones often act as barriers, with price encountering resistance or support upon reaching them. When the Three Drive pattern forms within an Order Block Zone, it signifies a confluence of market dynamics. The completion of the pattern within this zone suggests a potential reversal in the prevailing trend, augmented by the presence of significant institutional orders. Traders incorporate these Order Blocks into their analysis to identify probable levels where price may change direction, enhancing the reliability of their trading decisions. 🔵 How to Use : To effectively utilize the Three Drive pattern within the Order Block Zone, traders seek alignment between the completion of the pattern and the presence of significant Order Blocks. This convergence enhances the reliability of the pattern's signals, increasing the likelihood of successful trade outcomes. Bullish Three Drive in Demand Zone : Bearish Three Drive in Supply Zone : Settings : You can set your desired "Pivot Period" via settings for the indicator to identify setups based on it.
Indicatore Pine Script®
di TFlab
22
Event Locator BasicUsable under any conditions and in all markets, the 'event locator' provides a foundational layer for any count-based trading strategy or system. This specific installment color codes events - all down events are green, up events are blue, double-marked events are red, and smooth events are gray. It also wraps the price sequence in a 3-d line landscape plot - providing a visual using lines that are event sensitive. Though events are sometimes referred to as 'fractals,' this is not a fractal tool. These marks are based on 3 candles, not 5 as is common with the Bill Williams fractal scripts. Every countable event on the chart will be marked using this tool. Really, Elliott Wave should have told you about this... (because you can't legitimately count w/o it) //This indicator was originally a mod of the 'Williams Fractals' indicator - modified by Erek A.D., Nov. 2017 //It was rewritten from the ground up by 'Brobear' in Sept./Oct. 2018 //This code marks 'rough' AND 'smooth' EVENTS in price flow //EVENTS are naturally created in markets when SEPARATION occurs at candle tips //SEPARATION happens when a high is flanked by lower highs or a low is flanked by higher lows //EVENT LOCATORS like this provide an objective foundation for counting price movement
Indicatore Pine Script®
di trendlab2
DlineDline is a indicator that was developed by B-Negative. This indicator was developed under convergence logic. If we have many information of prices, when the information was averaged with more enough, the average line will be the linear line that has direction. The direction of this linear line can help traders to analyze the direction of trends. Dline was made with TEMA, EMA, DEMA, and Dline line that is a average line between DEMA and EMA. Under B-Negative's concept, DEMA and EMA that are average lines will convergence and have same direction when the trends are coming. Amount of data must more enough and diferrect by assets' type. However, user can change value of DEMA, Dline, EMA, and TEMA by themself under 7 concepts below. 1. EMA will convergence to close Dline when the trend will be changing. 2. The uptrend will occure when EMA above/below Dline and candle sticks are green/red color. 3. TEMA was setted similair DEMA. 4. When new high/low of wave cross TEMA and can not retrun to create higher/lower high/low (At oversold/overbought, Stocastic 9,3,3 counting with loop technique), that is exit point of position. 5. Difference of timeframe or assets could use different parameters. (Setting based on 4 rule above.) 6. Divergence between Dline and EMA mean sentiment of assets are sideways. 7. If Dline and EMA look like same line, the trend is most strength trend. Dline use thickness = 4 EMA use thickness = 1 This ex. is timeframe day.
Indicatore Pine Script®
di B-negative
RSI Wave SignalsQuick Description: Smoothed RSI with optimized trailing moving average. Look for cross above or cross under signals for buy and sell orders respectively. VIDYA moving average of RSI incorporated with "optimized trend tracker" system. Thanks to kivancozbilgic and anilozeksi for implementing this great idea on Tradingview. The indicator adds "1,000" to the RSI MA values for more natural and accurate percentage trailing. Settings: - Period MA is the moving average length of the blue line - Trailing Percentage of MA adjusts the percentage (sort of) trailing level of the moving average. - RSI Length adjusts the rsi length in calculation. Trading Tips: - System might be enhanced by taking signals only on "oversold" or "overbought" territories (i.e <~1020 or >~1080) - Adjust position size of by 4 times of atr(length=14) - Take 50% of position as profit when position reaches the 4*atr TP Level (breakeven) - Let the rest ride. - Best performing on short frequencies such as 1, 3, 5 mins.
Indicatore Pine Script®
di bartua
3
Double wave-trend Oscillator Buy/Sell signalsBINANCE:ROSEUSDT This script attempts to use Wave Trend Oscillator's of different lengths in order to identify trade entries and exits for bullish trades. This indicator is strongly recommended to be used with volatile assets or on large time interval charts. You use this script by entering a trade when it signals a green block and exiting when it signals red although these signals could potentially be used as trend reversal signals instead. The script uses two wave trend oscillator's the lengths of which can be edited in the settings, but the general idea is that one is fast and one is slow and these indicate when to buy/sell when they crossover the overbought/sold lines. In the setting you can choose whether the fast or the slow line will be used for buy signal and the other is then used to signal selling. By default this will be ticked on indicating that the fast line crossing over the oversold level will be used for buy signals, if it is ticked off the slow line will be used. The other tickbox is for whether the line used for selling will signal when it first crosses over the overbought line or whether it should signal then it crosses back under the overbought line after having crossed over it, the default value is off indicating that it will signal when it crosses back under the overbought level. The overbought/sold levels should be tweaked on a per asset basis to get the best quality signals. The original code for the Wave Trend Oscillator comes from LazyBear and was modified and built on to create this indicator.
Indicatore Pine Script®
di Mynicknameislion
16
Elliott Wave Oscillator + TTM SqueezeThe Elliott Wave Oscillator enables traders to track Elliott Wave counts and divergences. It allows traders to observe when an existing wave ends and when a new one begins. It works on the basis of a simple calculation: The difference between a 5-period simple moving average and a 34-period simple moving average. Included with the EWO are the breakout bands that help identify strong impulses. To further aid in the detection of explosive movements I've included the TTM Squeeze indicator which shows the relationship between Keltner Channels & Bollinger Bands, wich highlight situations of compression/low volatility, and expansion/high volatility. The dark dots indicate a squeeze, and white dots indicates the end of such squeeze and therefore the start of an expansion. Enjoy!
Indicatore Pine Script®
di FractalTrade_
10
One For All - xMAs : wave ribbon + trend strenght + xMAcrossThis script is not intended to bring anything new or original, but mainly for educational purposes and aesthetic visualization of 10 moving average behavior. Main features : Moving Averages : as shown by the wave ribbon (the gradient colored areas opacity is correlated with the distance from the Nth xMA to the last xMA) Trend Strenght : as shown by the blue/orange/red triangle shape plotted at the bottom of the chart Moving Average Cross Signal : as shown by the labels green LabelUp and red LabelDown Also it is designed to be easily customizeable as the settings allow to: Chose different smoothing method for the 10 xMAs plotted Manually setup the length of each xMA or simply select a predefined list of convenient length Choose different MA length not only for crossover but also for crossunder Trend Strenght explanation : When all the "fast xMA" are above "slow xMA" there is an opaque Blue UpTriangle plotted at bottom (bull trend) As more "fast xMA" fall/cross below "slow xMA", the Blue UpTriangle will start fading to a translucid orange UpTriangle As even more "fast xMA" fall/cross below "slow xMA", a Red DownTriangle is plotted insteand and become more and more opaque as more MA fall below others Overall, this means that the opacity of the triangles represent trend strenght and a fading trend is shown by the color fading into a translucid orange color p.s. : If you would like to see some other MA calculation method included, please comment below, I'd be happy to update this script
Indicatore Pine Script®
di CptFantastic
3