Bill Williams Trading Chaos Vol 1-NoviceThis is a revision of a script developed by tekolo. I hope tekolo takes a look. The concepts are here but I struggle with pine. I am very much a novice, but I tried to put information from the original book, Trading Chaos, Volume One by Bill Williams. There are too many plots to get this to wor. I made a lot of plot lines into comments to get it to run. I'm hoping someone with an interest in this material and some programming skills will be kind enough to take these thoughts and put them in a script that the Pine Editor would actually run. Thanks for taking a look. I do believe in these leading indicators. This is information included for Novice Level Trading in the Bill Williams book. There are more indicators developed in his material, but the jest is that Price is an end result of the marketplace. Market participation (Volume), Market Bias (Momentum), Increased Participation and Bias (Acceleration) all preceed the formation of the Trend. This along with Elliott Wave interpretation using his indicators as a basis for locating key points of the Elliott Wave, are most of what I understand about this interesting man's work. Again, I am a novice at all of this, but the leading indicators that result in price seem interesting. Thanks!
Cerca negli script per "wave"
Original Wavy Tunnel This wavy tunnel setup is constructed according tu Jody Samuel's original Wavy Tunnel, consist of wave, tunnel & filter. Instead of dotted EMA like other user has constructed, this script uses smooth medium width EMAs & colored exactly like the formula Jody has instructed in her course.
Salty GRaB Wave with Highlights for Squeeze CCI-Arrows SlowStochThis indicator shows GRaB candles and allows several moving averages to be displayed at the same time.
It uses background coloring to identify momentum shifts. Wide bands of color can be used to identify trends while short bands of color can be used to identify reversals.
It has arrows above or below the candles to show CCI values above 100 or below -100 with the arrow pointing in the direction of the momentum.
It has red background coloring to show slow stochastic Overbought ranges and dark red signals indicating a cross of the fast and slow lines.
It has green background coloring to show slow stochastic Oversold ranges and dark green signals indicating a cross of the fast and slow lines.
It has yellow background to show squeezes with additional Squeeze information shown at the bottom of the chart in the form of letters and momentum arrows.
BE-RSI + Over Bought/Sold indicator. v1.05**Minor Fix: Colored when going up, AND down after the limit: 30 or 70.**
This is a Relative Strenght Index Indicator where you get a Colorful Mark when it's over bought / sold with it's respective color.
Strong indicator for starting a slow/correction movement.
If it goes over 70, it's overbought turning red indicating a possible Sell.
If it goes under 30, it's oversold turning green indicating a possible Buy.
It's another confirmation for trending lines to change direction.
snapshot
In the picture, we have BTC 1.76% -2.46% in a 1D chart. You can see the correlation is strong (Not 100% though)
Blue Empire is a Trading Academy teaching people how to do Wave Analysis and one important indicator is the RSI .
If you want to know more about learning, PM me for more information.
Added - Middle Trend Line. Below, it's going down. Above, It's going up.
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This is just an indicator, it doesn't predict the price. Use it at your own risk.
MG - Moving Average Offset AlertThe purpose of this indicator is to allow the user to get alerted when price gets within a certain threshold of an interesting moving average (which has a customizable length, type and source).
It can be used for a timely notification that the price is in an important area or used for alerts to trigger trades slightly above the moving average to provide a higher probability of getting an entry at a key level
Basic Example:
- A bullish impulse wave occurs
- You plan to join in the next wave as it bounces of the 50 SMA
- You would ideally like to do other things with your life than watch the screen all day but you would like some time beforehand to perfect your trade setup
- You therefore, could set an alert to let you know when price has dropped within 2% of the 50 SMA which would provide ample notice for a comfortable trade.
More interesting example - (Using autoview):
- A bullish impulse wave occurs late in the evening
- You would like to join in for the second wave but you are human and have to sleep
- You could identify sensible profit and stop loss targets beforehand
- You could then, in preparation:
- Set an alert at profit level to close any long positions
- Set an alert at stop level to close any long positions
- NOTE: If the alert is never reached, that is not a problem. You are simply closing a position (not applying the opposition action i.e. short)
- Once your targets are set up, you could add whatever offset you desire (if any), to your custom moving average and set a buy alert on that moving average.
- If the price bounces off the moving average, you have the whole trade set up and automatically put in to action whilst you're asleep!
Blue Empire - RSI with Over Bought/Sold indicator. v1.01**Minor Fix: Colored when going up, AND down after the limit: 30 or 70.**
This is a Relative Strenght Index Indicator where you get a Colorful Mark when it's over bought / sold with it's respective color.
If it goes over 70, it's overbought turning red indicating a possible Sell.
If it goes under 30, it's oversold turning green indicating a possible Buy.
It's another confirmation for trending lines to change direction.
In the picture, we have BTC -2.46% in a 1D chart. You can see the correlation is strong (Not 100% though)
Blue Empire is a Trading Academy teaching people how to do Wave Analysis and one important indicator is the RSI .
If you want to know more about learning, PM me for more information.
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This is just an indicator, it doesn't predict the price. Use it at your own risk.
Blue Empire - RSI with Overbought/sold indicator.This is a Relative Strenght Index Indicator where you get a Colorful Mark when it's over bought / sold with it's respective color.
If it goes over 70, it's overbought turning red indicating a possible Sell.
If it goes under 30, it's oversold turning green indicating a possible Buy.
It's another confirmation for trending lines to change direction.
In the picture, we have BTC in a 1D chart. You can see the correlation is strong (Not 100% though)
Blue Empire is a Trading Academy teaching people how to do Wave Analysis and one important indicator is the RSI.
If you want to know more about learning, PM me for more information.
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This is just an indicator, it doesn't predict the price. Use it at your own risk.
CMO_EMA (Chande Momentum Oscillator and EMA)
The absolute value of "CMO" alone makes it impossible to know the current location for the waves and there is a possibility of doing useless entry.
To prevent this, display EMA.
CMO_EMA (Chande Momentum Oscillator and EMA)The absolute value of "CMO" alone makes it impossible to know the current location for the waves and there is a possibility of making useless entries.
In order to prevent this, display EMA.
A Multi 10 indicatorREAD NOTE BEFORE APPLYING or you may think indicator doesnt work.
This indicator is a revise of another i made and contains 10 Optional Indicators allowing you to load more then 3 indicators at once if you so choose and dont pay for the platform!
Hopefully someone will find use for this script besides me :) I dont suggest turning all on at once because it
will not look right. Alot will overlap if you wish but i only use the Session and trend bar at once in
conjuction with a Oscillator setting like MacD , RSI , Stoch , Aroon or CCI .
In the chart you see i only have a few indicators active ENJOY!!
---------- NOTE ----------- ( Everything is OFF by default and indicator SHOULD show up BLANK when loaded) ------------ NOTE -------------
(Can turn EVERYTHING on AND change any values in the format tab once indicator loads)
Indicators included are listed below
Sessions, including, NY session, Aussie session, Asian session, and Europe market sessions.
MacD Split Colored , aroon oscillator
CCI Oscillator , classic aroon
RSI Oscillator , Elliot wave
Stoch RSI Oscillator , ATR%
My own Trend bar
---------- NOTE ----------- ( Everything is OFF by default and indicator SHOULD show up BLANK when loaded) ------------ NOTE -------------
(Can turn EVERYTHING on AND change any values in the format tab once indicator loads) CODE probably looks messey but this is something i made for me so i didnt really care lol
A Multi 10 indicatorREAD NOTE BEFORE APPLYING or you may think indicator doesnt work.
This indicator is a revise of another i made and contains 10 Optional Indicators allowing you to load more then 3 indicators at once if you so choose and dont pay for the platform!
Hopefully someone will find use for this script besides me :) I dont suggest turning all on at once because it
will not look right. Alot will overlap if you wish but i only use the Session and trend bar at once in
conjuction with a Oscillator setting like MacD , RSI , Stoch , Aroon or CCI .
In the chart you see i only have a few indicators active ENJOY!!
---------- NOTE ----------- ( Everything is OFF by default and indicator SHOULD show up BLANK when loaded) ------------ NOTE -------------
(Can turn EVERYTHING on AND change any values in the format tab once indicator loads)
NY session, Aussie session, Asian session, and Europe market sessions.
MacD Split Colored , aroon oscillator
CCI Oscillator , classic aroon
RSI Oscillator , Elliot wave
Stoch RSI Oscillator
Aroon Oscillator
My own Trend bar
---------- NOTE ----------- ( Everything is OFF by default and indicator SHOULD show up BLANK when loaded) ------------ NOTE -------------
(Can turn EVERYTHING on AND change any values in the format tab once indicator loads) CODE probably looks messey but this is something i made for me so i didnt really care lol
NG [Wave Period Oscillator]The WPO is a short-term oscillator that measures the buying and selling period of price cycles over a certain time interval.
The leading oscillator indicates a rise in buying period when it moves above the zero line and a rise in selling period when it moves below the zero line.
Trading Tactics
Center line Crossover: a bullish center line crossover occurs when the WPO line moves above the zero level to turn positive.
A bearish center line crossover occurs when the WPO line moves below the zero level to turn negative.
When bulls are in control, the price rally begins and the average of the bull’s period T increases to drive the WPO line above the center line.
A buy signal is subsequently triggered.
When the bulls start to loose power, prices move sideways and the average period decreases. In this case, the WPO line may fl utter near the center line and cause false signals, whipsaws.
To avoid the whipsaws occurring on the center line, the following trading tactics are proposed:
Uptrend Tactic:
During an ideal uptrend, the WPO does not reach the lower boundary -2 and usually rebounds from a higher level than -2.
This means that the bulls have taken control earlier. Hence, a zero line crossover generates a buy signal. The WPO crosses the upper boundary at +2 then pulls back again below +2 to generate a sell signal.
Sideways Tactic:
During sideways, the WPO fluctuates between the lower and upper boundaries -2 and 2. This tactic is also used in an uptrend where corrections are strong enough to drive the WPO line below the lower boundary.
Downtrend Tactic:
During downtrends, the WPO fails to reach the upper boundary and oscillates between the 0 and -2 levels. The bears enter early indicating an obvious weakness in the market. Therefore, crossing the zero level generates a sell signal.
Exit at Weakness:
During uptrend reversals and downtrends, the WPO oscillates between the center line and the lower boundary -2. The bears are controlling the market and move in wide cycle periods while the bull’s strength is almost absent.
An exit signal is triggered once the WPO crosses -2. When prices decline, the WPO may cross its extreme lower boundary at -2.7. Therefore, a swift exit signal is triggered once the WPO crosses -2.
Re-Entry:
During uptrend, the WPO crosses down the upper boundary level at +2 to generate a sell signal. Yet, it does not reach the zero line and the oscillator moves back toward the upper boundary.
This case is considered as strength while a re-entry signal occurs at the +2 level crossover. The sell signal is generated when the WPO line crosses down the upper boundary.
Fisher Transform Ribbons Indicator V1.0Utilizing the Fisher Transform by Ehlers with different lengths based on multipliers will allow you to notice movements in price and understand whether the shift was a correctional wave, or part of the overall trend.
To learn about Fisher Transform , check out the Fisher Transform documentation: www.mesasoftware.com
Fisher has plenty of functionalities. Ribbons provides you with a view of consistency in price action. If all ribbons flip, generally this is a strong signal that the trend is changing. Fisher is extremely punctual (minimum input lag) and robust (doesn't miss movement). Look for everything, including divergences, trends, and Oversold, Overbought points.
Changing length will further provide you more sensitivity in overselling and buying, while numbing chop.
Enjoy!
And for a single Fisher, check out HPotter's Fisher Transform or LazyBear's implementation of the inverse of the Fisher, which has many other interesting properties
4 Exponential Moving Averages + One Extra for 1D Charts4 Exponential Moving Averages + One Extra for 1D Charts
I use 4 EMAs for my 1 hour and 4 hours Chart.
Additionally for 1D Charts, sometime i need to use 9 EMA. Now is in place. Enjoy it!
I used them only for support my analisys based on Elliot Waves and Fibonacci projections and Retracements, which are my main strategy.
Rainbow MA StudyI've been interested in 'Multiple Moving Averages' lately and came across another script on here for a Rainbow MA.
Unfortunately its source is private and I wanted to try things out with other MA types so I put this together.
I also wanted to make it a seperate study so I could view regular bars without the clutter.
The general rule of thumb with these is the larger the price movement the wider the lines become giving you sort of a wave effect.
When the lines bunch up together you know there's going to be a breakout opportunity that will present itself.
Partly art, partly practical, entirely overkill. Enjoy!
The anchor multiplier should basically allow you to view things in relation to another time period, but it takes forever to load and will likely time out.
Since there are 63 MA's being calculated and plotted changing options on the fly takes some time to process and load.
I'm also pretty new to pine script so it's probably not the best implementation.
MA types: EMA (default), SMA, WMA, VWMA, SMMA, DEMA, TEMA, HullMA, ZEMA, TMA, SSMA
Play around with these to see some different effects.
The white line is the current close price.
Color 1 МАs: 2,3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15
Color 2 MAs: 17, 19, 21, 23, 25, 27, 29, 31, 33, 35, 37, 39, 41
Color 3 MAs: 44, 47, 50, 53, 56, 59, 62, 65, 68, 71, 74
Color 4 MAs: 78, 82, 86, 90, 94, 98, 102, 106, 110, 114, 118, 122
Color 5 MAs: 126, 131, 137, 143, 149, 155, 155, 161, 167, 173, 179, 185, 191, 197
You can more easily change the colors at the top of this source code instead of one by one in the settings.
If you want this on your main chart instead of a separate window you'll just need to change overlay=true in the study.
References & Thanks:
JustUncleL:
For the timeframe anchor, MA variants, and generally awesome work. This is more practical.
StickyCheeba:
For the idea.
Here's some shots to get an idea of the differences.
HullMA:
VWMA:
SSMA:
TMA:
RSI + Stoch/RSIThis is a combination of 2 of the most used indicators. RSI and stochastic/RSI
Ive coded them both to work together to save space on your chart and work as only ONE indicator.
I specifically only use the D line with my rsi , but you have the option to use the K and D line if you so choose.
RSI is good for momentum
Stochastic is good for short term momentum.
They work very well together and if you are a swing trader or scalper they can help immensely when looking for sniper entry areas after you've done you're initial pattern, level, fibonacci and wave analysis.
I like the way this works and have been using these two indicators for a while so I figured I would share.
Happy new year everyone, God bless!
Dynamic Range Channel [DW]This is an experimental study that utilizes Kaufman's Adaptive Moving Average and the McGinley Dynamic.
First, a fast and slow KAMA based McGinley Dynamic are calculated. The divergence between them is used to indicate wave direction.
The channel's bounds are calculated by taking the highest high and lowest low of the slow McGinley Dynamic over a specified channel period.
The dynamic midline is calculated by taking the mean of the highest and lowest values over the specified channel period.
Custom bar colors are included.
Also includes Williams Fractals for additional confirmation signals.
Fibonacci Commodity Stenth IndexFibonacci Commodity Strength Value tells us about the strength and weakness of bull or bear market.
The main focus in this is too be done at reversal. It can also be used for identifying fake ups/downs.
If all the 4 lines moves upward after a huge up spike, then notice the values of all 4 values. If red fib is smaller than green fib then it is a fake trend. If its more then its uptrend and same for bear movement. ;)
It also represents cci (in terms of values) and rsi (in terms of waves).
Enjoy !!!!!
AutoFibLevels - FixedPersonally I don't like the trouble of drawing fibonacci retracement and extension tolls time and time again, not only human eyes and hands are not as accurate as a computer, but also, you would sit and think : "Hey, which one of these candles is the start of the wave" time and time again.
That is one of the issues, some times you may want to drop more than one fibo on the chart to see where they over lap and that, makes your chart hell to look into.
This script will draw fibonacci levels for you based on the time frame you are in, for each time frame the number of bars that it will look into differs and if you need to, you can adjust them per time frame separately.
And as always for indicators, you have total control on which lines to draw and clouds, and their color and transparency.
The reason this title has Fix, is that I totally forgot to change some titles in the script so in the style you would see some errors in titles and also, the 1.618 line had a wrong title, sorry and thanks
AutoFibLevelsPersonally I don't like the trouble of drawing fibonacci retracement and extension tolls time and time again, not only human eyes and hands are not as accurate as a computer, but also, you would sit and think : "Hey, which one of these candles is the start of the wave" time and time again.
That is one of the issues, some times you may want to drop more than one fibo on the chart to see where they over lap and that, makes your chart hell to look into.
This script will draw fibonacci levels for you based on the time frame you are in, for each time frame the number of bars that it will look into differs and if you need to, you can adjust them per time frame separately.
And as always for indicators, you have total control on which lines to draw and clouds, and their color and transparency.
ChartMojo Opening 1 min. range -V1Opening 1 min range script. Many view (floor traders) the opening minute as how the overnight energy gets delivered to the market and is an important gravity -3.55% area, with its own support and resistance . There are probabilities (roughly) in some instruments that price tends to have a high percentage of returning to the range at least once in 2 days. In my experience it returns to it often on most days. On chart example here..(especially in futures ) price tends to return to it often and in this case when it returns from the bottom..sells tend to stack up in front of it on the first approach several tiers deep. Price tends to reverse on this range..if it breaks through it, it often marks a shift in trend. Try it for yourself. For me it's indispensable. Wave structures often start and end (exhaust) there. Also the relationship of the previous days opening range is shown..which can show an important relationship (trend). It's an interesting shift thinking in terms of opens rather than closes. Many view trend and market structure from the open to be the most relevant, and the opening 1 min range is an important element. Enjoy. I like to use this with my trading time zones. Might want to reference Pivots , Patterns and Intraday Swing Trades by William Scheier.
