Trend M ver1this simple tool a helper for trader in order to put your target at the correct places:)
so script based on Trend M (open script in my page)
the script based on non security MTF that allow us to detect the M = mean average of resistance and support by MTF
best setting is either monthly or weekly
when you go on lower chart just put in the min the exact TF that you on. 60 min =60
2 hour 120
5 min =5
etc
when ever the trend is above the mean or M then it bullish =lime color. bellow the M is bearish =red color
the R1 and S level are % from the mean . so it can act for us either target or as stop loss
you can set the R1 or S1 as you like by % ratio . so 0.01 is 1%
0.1 is 10 % etc
all you need to find is the weekly or monthly range of the asset then put the % ratio that you wish up or down
you can use it with trend lines or other method .it just another tool to make you trade smarter
Cerca negli script per "股价站上60月线"
[blackcat] L2 Ehlers Adaptive BandPass FilterLevel: 2
Background
John F. Ehlers introduced Adaptive BandPass Filter in his "Cycle Analytics for Traders" chapter 11 on 2013.
Function
Adaptive band-pass filter was designed. It just makes since to tune that filter to the measured dominant cycle to eliminate all the other frequency components that are of no interest. Here, the adaptive band-pass indicator starts with the computation of the dominant cycle using the autocorrelation periodogram approach.
One way to make a band-pass filter have a leading phase capability is to tune the filter to a period shorter than the period of the cycle being measured. In this case, the bandwidth of filter is set to 0.3. That is 30 percent of the tuned center period. Therefore, the half bandwidth is 15 percent. We tune the filter to be 10 percent toward the shorter period from the dominant cycle period to provide the phase lead while still having the data of interest be within the filter bandwidth. This provides a phase lead of the dominant cycle to be something on the order of 60 degrees, or one-sixth of a cycle. If the dominant cycle were 18 bars, for example, then the detuning of the filter would produce a 3-bar lead. This leading function is not huge, but it is significant.
A convenient trigger line is included in the adaptive band-pass filter to signal the more highly likely buy and sell points. The trigger is compute as 90 percent of the amplitude of the adaptive band-pass filter line and is delayed by one bar. While the line crossings occur after the peak of the band-pass filter, phase lead provides for the generation of a timely signal. Significant trading signals should also include the criteria that the line crossing occur at greater than the +0.7 and less than the −0.7 reference lines.
Key Signal
DominantCycle --> Dominant Cycle signal
Signal --> Adaptive BandPass Filter signal
Trigger --> lag version of Adaptive BandPass Filter sinal
LeadSignal --> Adaptive BandPass Filter Lead signal
Trigger2 --> lag version of Adaptive BandPass Filter Lead sinal
Pros and Cons
100% John F. Ehlers definition translation of original work, even variable names are the same. This help readers who would like to use pine to read his book. If you had read his works, then you will be quite familiar with my code style.
Remarks
The 54th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
RSI TrendsRSI is a momentum indicator, however most people seem to be using it to go against the momentum by trying to identify tops/bottoms using it. Its in my opinion the wrong way to be using it. It can be easily used for trend following which seems like a better use for it.
Uptrend - RSI > 60
Downtrend - RSI < 40
Sideways - RSI between 40 and 60
If however not interested in filtering for sideways trends and convert it to a long-short only strategy that stays in market all the time then it can be simply modified by setting both overbought/oversold thresholds to 50. In such a case uptrend will be above 50 and downtrend will be less than 50.
Note: wait for close for current bar to be confirmed as RSI is calculated at close
RSI week/month level on daily Time frame- You can analyse the trend strength on daily time frame by looking of weekly and monthly is greater than 60.
- Divergence code is taken from tradingview's Divergence Indicator code.
#Strategy 1 : BUY ON DIPS
- This will help in identifying bullish zone of the price when RSI on DAILY, WEEKLY and Monthly is >60
-Take a trade when monthly and weekly rsi is >60 but daily RSI is less thaN 40.
Relative Strength of Volume Indicators by DGTThe Relative Strength Index (RSI) , developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements.
• Traditionally the RSI is considered overbought when above 70 and may be primed for a trend reversal or corrective pullback in price, and oversold or undervalued condition when below 30. During strong trends, the RSI may remain in overbought or oversold for extended periods.
• Signals can be generated by looking for divergences and failure swings. If underlying prices make a new high or low that isn't confirmed by the RSI, this divergence can signal a price reversal. If the RSI makes a lower high and then follows with a downside move below a previous low, a Top Swing Failure has occurred. If the RSI makes a higher low and then follows with an upside move above a previous high, a Bottom Swing Failure has occurred
• RSI can also be used to identify the general trend. In an uptrend or bull market, the RSI tends to remain in the 40 to 90 range with the 40-50 zone acting as support. During a downtrend or bear market the RSI tends to stay between the 10 to 60 range with the 50-60 zone acting as resistance
This study aim to implement Relative Strength concept on most common Volume indicators, such as
• Accumulation Distribution is a volume based indicator designed to measure underlying supply and demand
• Elder's Force Index (EFI) measures the power behind a price movement using price and volume
• Money Flow Index (MFI) measures buying and selling pressure through analyzing both price and volume (used as it is)
• On Balance Volume (OBV) , created by Joe Granville, is a momentum indicator that measures positive and negative volume flow
• Price Volume Trend (PVT) is a momentum based indicator used to measure money flow
Plotting will be performed for regular RSI and RSI of Volume indicator (RSI(VOLX)) selected from the dialog box, where the possibility to apply smoothing is provided as option. Additionally, labels can be added optionally to display the value and name of selected volume indicator
Secondly, ability to present Volume Histogram within the same study along with its Moving Average or Volume Oscillator based on selection
Finally, Volume Based Colored Bars , a study of Kıvanç Özbilgiç is added to emphasis volume changes on top of the bars
Nothing excessively new, the study combines RSI with;
- RSI concept applied to some of the common Volume indicators presented with a highlighted over/under valued threshold area, optional labeling and smoothing,
- added Volume data with additional information and
- colored bars based on volume
Thanks @Vishant_Meshram for the inspiration 🙏
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
RSI+SMARSIにSMAを加えただけのシンプルなインジケータです
SMAはRSIの計算結果を元に出しています
考え方の例 :
買いの例)
1 RSIがSMAを上抜いた
2 RSIがSMAを上抜き、かつ、60以上である
売りの例)
1 RSIがSMAを下抜いた
2 RSIがSMAを下抜き、かつ、40以下である
This simple indicator is plot SMA, in RSI indicator.
SMA is calculated based on the calculated RSI value
Example of way of thinking :
buy ex)
1 RSI break out SMA
2 RSI break out SMA and RSI over 60
sell ex)
1 RSI break down SMA
2 RSI break down SMA and RSI under 40
Alerts EMA RSI [ Buy/Sell ]Buy alerts when RSI cross over 30, 40, 50, 60, 70 and EMA5 changes > 0.
Sell alerts when RSI cross down 80, 70, 60, 50, 40 and EMA5 changes < 0.
Gap driven intraday trade (better in 15 Min chart)// Based on yesterday's High, Low, today's open, and Bollinger Band (20) in current minute chart,
// Defined intraday Trading opportunity: Stop, Entry, T0, Target (S.E.T.T)
// Back test in 60, 30, 15, 5 Min charts with SPY, QQQ, XOP, AAPL, TSLA, NVDA, UAL
// In 60 and 30 min chart, the stop and target are too big. 5 min is too small.
// 15 min Chart is the best time frame for this strategy;
// -------------------------------------------------------------------------------
// There will be Four lines in this study:
// 1. Entry Line,
// 1.1 Green Color line to Buy, If today's open price above Yesterday's High, and current price below BB upper line.
// 1.2 Red Color line to Short, if today's open price below Yesterday's Low, and current above BB Lower line.
//
// 2. Black line to show initial stop, one ATR in current min chart;
//
// 3. Blue Line (T0) to show where trader can move stop to make even, one ATR in current min chart;
//
// 4. Orange Line to show initial target, Three ATR in current min chart;
//
// Trading opportunity:
// If Entry line is green color, Set stop buy order at today's Open;
// Whenever price is below the green line, Prepare to buy;
//
// If Entry line is Red color, Set Stop short at today's Open;
// Whenever price is above the red line, Prepare to short;
//
// Initial Stop: One ATR in min chart;
// Initial T0: One ATR in min chart;
// Initial Target: Three ATR in min chart;
// Initial RRR: Reward Risk Ratio = 3:1;
//
// Maintain: Once the position moves to T0, Move stop to "Make even + Lunch (such as, Entry + $0.10)";
// Allow to move target bigger, such as, next demand/supply zone;
// When near target or demand/supply zone or near Market close, move stop tightly;
//
// Close position: Limit order filled, or near Market Close, or trendline break;
//
// Key Step: Move stop to "Make even" after T0, Do not turn winner to loser;
// Willing to "in and out" many times in one day, and trade the same direction, same price again and again.
//
// Basic trading platform requests:
// To use this strategy, user needs to:
// 1. Scan Stocks Before market open:
// Prepare a watch list for top 10 ETF and Top 90 stocks which are most actively traded.
// Stock might be limited by price range, Beta, optionable, ...
// Before market open, Run a scan for these stocks, find which has GAP and inside BB;
// create watch list for that day.
//
// 2. Attach OSO and OCO orders:
// User needs to Send Entry, Stop (loss), and limit (target) orders at one time;
// Order Send order ( OSO ): Entry order sends Stop order and limit order;
// Order Cancel order ( OCO ): Stop order and limit order, when one is filled, it will cancel the other instantly;
Strategy Tester EMA-SMA-RSI-MACDOn Tradingview I never saw a custom adjustable strategy script yet, so this is it,
you can change different things and see if you'll get a good strategy or not
Settings:
First choose the source, you can choose out of:
close, open, high, low, ohlc4, hlc3, hl2
Then choose you strategy: Long & Short, Long only or Short only
Next, choose your entry "Buy/Long" (which is the "close Short position" when "Short"):
- (E)MA 1 > (E)MA 2 (Each can be made ema or sma)
- close above (E)MA 1
- RSI strategy
- macd > signal
- macd > 0
- signal > 0
Then choose your RSI values if needed (for example you want a trigger when EMA 1 > SMA 2
but only if RSI > 60, then change "IF RSI >" from 0 to 60
Next you can choose an extra argument
and even a second argument with Higher Time Frame settings
Under this you can change your (E)MA values as desired (HTF values, MACD and RSI length can be found lower)
All the same with the exit/close (or if "Short", this is your entry)
Again, change everything as you wish
Then comes the RSI length setting, MACD settings and HTF settings, followed by SL/TP settings
(you also can enable/disable SL/TP), and TIME settings (for example you want to know the profit only from this year)
Alerts are provided in next script
Have fun!
RSI FDAX/FGBLEnglish:
This is a script I made upon request from a user.
RSI calculates from the quotient of the FDAX and FGBL. I added a simple moving average of 10 and I colored the ranges between 30 to 40 and 60 to 70.
Deutsch:
Dies ist ein Skript das ich auf Anfrage eines Nutzers erstellt habe.
RSI berechnet aus dem Quotienten vom FDAX und FGBL. Ergänzt habe ich einen einfachen gleitenden Durchschnitt 10 und ich färbte die Bereiche zwischen 30 bis 40 und 60 bis 70.
IKAKOver2(LITE雲なし)
change point
I tried to make the operation lighter by removing the display of the Ichimoku balance table.
We have set a period such as EMA to use 5 minute bars and the first band is period 60 and 100 EMA . The color of the belt changes according to the position of the period 5EMA-25EMA-50EMA. The second sash is based on a 60- and 100-EMA period of 15 minutes. The change in the color of the obi is also a 15-minute specification.
Since the above period can be changed, I think that there are customs such as 1 hour and 4 hours.
Buying and selling signs are shown in green for buying and red for selling. (More frequent)
For the time being, it is also possible to display the Ichimoku balance table.
As for my usage method, when both the 15-minute and 5-minute bars have an uptrend (downtrend ), when each trading sign is confirmed, spread the limit just below the price. . (Because there is a commission in the market)
If the color of the obi becomes yellow, the trend may be over, so wait for the signature to reach the bundle of 15 minutes instead of 5 minutes, and after the signature is confirmed, it is the same as 5 minutes.
The loss cut line is often the latest low. Or when the obi is broken. .
I am still studying about profitability. Sometimes we use indicators, sometimes we reach the target horizon. I think each way is good.
It is a discretionary aid, and the head and tail are cut off, and the image is about 10 to 100 $.
IKAKOver2change point
Improve the accuracy of reverse sign
Adding a signature using only RCI
変更点
逆張りのサインと順張りのサインを区別し、逆張りのサインは騙しができるだけ少なくなるように精度を上げました。
逆張りか順張りかは10emaと100emaの位置関係だけで区別しています。
また、RCIのみを利用した、レンジ相場用のサインを追加しました。
We have set a period such as EMA to use 5 minute bars and the first band is period 60 and 100 EMA . The color of the belt changes according to the position of the period 5EMA-25EMA-50EMA. The second sash is based on a 60- and 100-EMA period of 15 minutes. The change in the color of the obi is also a 15-minute specification.
Since the above period can be changed, I think that there are customs such as 1 hour and 4 hours.
Buying and selling signs are shown in green for buying and red for selling. (More frequent)
For the time being, it is also possible to display the Ichimoku balance table.
As for my usage method, when both the 15-minute and 5-minute bars have an uptrend (downtrend ), when each trading sign is confirmed, spread the limit just below the price. . (Because there is a commission in the market)
If the color of the obi becomes yellow, the trend may be over, so wait for the signature to reach the bundle of 15 minutes instead of 5 minutes, and after the signature is confirmed, it is the same as 5 minutes.
The loss cut line is often the latest low. Or when the obi is broken. .
I am still studying about profitability. Sometimes we use indicators, sometimes we reach the target horizon. I think each way is good.
It is a discretionary aid, and the head and tail are cut off, and the image is about 10 to 100 $.
IKAKOWe have set a period such as EMA to use 5 minute bars and the first band is period 60 and 100 EMA. The color of the belt changes according to the position of the period 5EMA-25EMA-50EMA. The second sash is based on a 60- and 100-EMA period of 15 minutes. The change in the color of the obi is also a 15-minute specification.
Since the above period can be changed, I think that there are customs such as 1 hour and 4 hours.
Buying and selling signs are shown in green for buying and red for selling. (More frequent)
For the time being, it is also possible to display the Ichimoku balance table.
As for my usage method, when both the 15-minute and 5-minute bars have an uptrend (downtrend ), when each trading sign is confirmed, spread the limit just below the price. . (Because there is a commission in the market)
If the color of the obi becomes yellow, the trend may be over, so wait for the signature to reach the bundle of 15 minutes instead of 5 minutes, and after the signature is confirmed, it is the same as 5 minutes.
The loss cut line is often the latest low. Or when the obi is broken. .
I am still studying about profitability. Sometimes we use indicators, sometimes we reach the target horizon. I think each way is good.
It is a discretionary aid, and the head and tail are cut off, and the image is about 10 to 100 $.
High Low Cloud Strategy BacktestingHigh Low Cloud Strategy Backtesting: this is a breakout and reversal previous trend strategy
A. Indicator: row 6 to row 17
1. Fast Cloud
Upper line = ema of High with 60 periods
Lower line = ema of Low with 60 periods
1. Slow Cloud
Upper line = ema of High with 240 periods
Lower line = ema of Low with 240 periods
B. Strategy Backtesting
1. Chart IDC, Time frame: M30
2. Long condition: row 20 to row 34
a. Entry =
* Upper line of Fast Cloud below Lower line of Slow Cloud
* Price crossover Upper line of Slow Cloud
b. Stoploss =
* Price crossunder bottom of 240 periods (~ bottom of 5 days)
c. Takeprofit =
* Lower line of Fast Cloud above Upper line of Slow Cloud
* Price crossunder Lower line of Fast Cloud
3. Short condition: row 37 to row 49
a. Entry =
* Lower line of Fast Cloud above Upper line of Slow Cloud
* Price crossunder Lower line of Slow Cloud
b. Stoploss =
* Price crossover peak of 240 periods (~ bottom of 5 days)
c. Takeprofit =
* Upper line of Fast Cloud below Lower line of Slow Cloud
* Price crossover Upper line of Fast Cloud
Ichimoku [Gu5]Original Ichimoku Kinko Hyo created by Goichi Hosoda 1930
Knowing how to interpret the Ichimoku indicator can be complicated. I hope this version is more intuitive
Use Ichimoku to determine the trend of the day
When the market is above the cloud, and Tenkan (green line) crosses over Kijun (red Line), there is a Bullish Trend . When Tenkan crosses under Kijun, the trend ends.
When the market is under the cloud, and Tenkan crosses under Kijun; There is a Bearish Trend . When Tenkan crosses over Kijun, the trend ends.
When the market crosses the cloud (orange bars), there is no trend
The default setting is 9, 26 and 52. For cryptocurrencies (24/7 market), you can change it to 10, 30 and 60 periods.
///
Ichimoku Kinko Hyo fue creado por Goichi Hosoda en 1930
Saber interpretar al indicador Ichimoku puede ser complicado. Espero esta version sea mas intuitiva
Use Ichimoku para determinar la tendencia del día, y operar solo a favor de la misma
Cuando el mercado esta sobre la nube y Tenkan (linea verde) cruza sobre Kijun (linea roja), la tendencia es alcista. Cuando Tenkan cruza bajo Kijun, termina la tendencia.
Cuando el mercado esta bajo la nube y Tenkan cruza bajo Kijun, la tendencia es bajista. Cuando Tenkan cruza sobre Kijun, termina la tendencia.
Cuando el mercado atraviesa la nube (barras naranjas), no hay tendencia
Por defecto, el seteo es 9, 26 y 52. Para criptomonedas, puede cambiarlo a 10, 30 y 60 períodos
Multi momentum indicatorScript contains couple momentum oscillators all in one pane
List of indicators:
RSI
Stochastic RSI
MACD
CCI
WaveTrend by LazyBear
MFI
Default active indicators are RSI and Stochastic RSI
Other indicators are disabled by default
RSI, StochRSI and MFI are modified to be bounded to range from 100 to -100. That's why overbought is 40 and 60 instead 70 and 80 while oversold -40 and -60 instead 30 and 20.
MACD and CCI as they are not bounded to 100 or 200 range, they are limited to 100 - -100 by default when activated (extras are simply hidden) but there is an option to show full indicator.
In settings there are couple more options like show crosses or show only histogram.
Default source for all indicators is close (except WaveTrend and MFI which use hlc3) and it could be changed but for all indicators.
There is an option for 2nd RSI which can be set for any timeframe and background calculated by Fibonacci levels.
Visual RSI [LucF]Visual RSI offers a different way of looking at RSI by providing a composite representation of 9 different RSI-generated components. Instead of focusing on one line only, this approach blends multiple sources to provide the viewer with a larger context RSI-based picture.
For those who don’t want to read
• Green in bullish (>50) zone is the most bullish.
• Red in bullish zone doesn’t necessarily mean bearish—it just means bullish strength is weakening. It may be just a pause before a reprise or exhaustion signalling a reversal—impossible to tell.
• The same in inverse applies to the bearish zone (<50).
For those who want to understand
The nine components making up Visual RSI are:
• a current timeframe RSI
• a higher timeframe RSI
• the delta between these two RSI lines
• for each of these three basic components, two independent Bollinger band: one calculated for the bullish section of the scale (>50) and a separate one calculated for the lower bearish region.
Dual BBs
In my view, RSI’s position with regards to the centerline is much more important than its position in extreme areas. Why? Because the building block of RSI is the ratio of the averages of up/down moves during the RSI period. When the average of ups is greater, RSI is > 50. So while a rising signal starting from 20 let’s say, indicates that the rate of change is increasing, only when it crosses 50 can we say that sentiment balance has truly become bullish, and this information is more reliable than the signal being at a level corresponding to whatever estimate we make of what constitutes an extreme value. In my landscape, the general balance of a ratio provides more valuable information than the ratio’s exact value.
The idea behind the dual BBs is to provide independent tracking information for both halves of the indicator’s space, which I find more useful than the normal method of simply adding a multiple of the standard deviation on both sides of the mean. With dual BBs, the upper BB will never go lower than the indicator’s centerline, and the lower BB will never go higher. The upper BB focuses on upper-bound volatility when the signal is bearish, and the lower BB focuses on downside volatility when the signal is bearish.
The functions used to calculate the independent BBs are reusable on other signals if a centerline can be defined for them. A clamping percentage is implemented, so that when a BB line is hugging the centerline it clamps to it. This helps in providing earlier signals when they use the BB line states.
Providing context to RSI
What RSI measures indirectly is the balance in the rate of change—or the speed of price movement, but not its instant value, otherwise RSI would be even noisier. More precisely, RSI represents the relative strength of the up/down movement in the last n bars of RSI’s length, with 14 often used because that’s what Wilder proposed (Visual RSI’s defaults are 20 for the current timeframe and 40 for the higher timeframe). At every bar, a new value is added to the equation and an old value carrying equal weight is dropped, so a large dropped off value will have more impact on RSI’s value if the new bar’s move is small. This accounts for some of RSI’s speed in identifying exhaustion after important moves, but almost for some of its noise.
Visual RSI is the result of trying to drown RSI’s noise in the context of other informational streams, while simultaneously providing even faster information than RSI alone, by giving more visual weight to the delta between the current and higher timeframe RSI’s.
How to read Visual RSI
The default settings show all 9 basic components as green/red areas of intensities varying with their importance. The most intense colors are reserved for the delta RSI and the BBs have the lightest intensities. The individual lines of components are intentionally difficult to distinguish so that focus is first on the general picture, including the all-important six-state background, and then on the delta RSI.
One entry setup could be reversals in a larger trend context, so low pivots of the delta in a fully bullish context (a green background in the upper section of the indicator), and inversely, high pivots in a fully bearish context (a red background in the lower section of the indicator).
Please resist the common misconception, when interpreting RSI, that a reversal in the signal will necessarily lead to a reversal in price. Each trend has its rhythm. Only machine-generated price action can progress regularly. It’s normal for trends to take a breather for some time before they continue or reverse, as traders driving the trend experience emotional fatigue and gradual fear. RSI reversals merely signify that such a breather has occurred—nothing more. Only the larger context can provide information that can situate that pause and put more meaningful odds on it having more probability of continuing in one direction or the other. This is the reasoning behind the setup just described.
Features
• All components can be hidden, displayed as a simple line, a uniformly colored fill, or a green/red fill (the default).
• The background can be colored using 9 different methods, including 3 six-state methods using the rising/falling BB lines of the 3 basic components. These six states allow for bullish/bearish/neutral sentiment in both the upper and lower regions of the indicator. A bearish (dark red) background in the bullish (>50) section of the indicator represents decreasing bullishness. A bearish (slightly brighter red) in the bearish (<50) section of the indicator means incresingly bearish sentiment. The six-state backgrounds allow for neutral (no color) sentiment when no compelling signs can be found to conclude anything with meaningful odds. The default background uses the six-state method on the higher timeframe RSI’s BBs because I find it the most useful, as it represents the largest—and slowest—context sentiment among all the indicator’s components.
• A thin status bar in the top part of the indicator also allows selection of the same 9 methods to color it. The default is a triple-state system using the rising/falling characteristics of the current timeframe RSI’s BBs to provide a short-term counterbalance to the long-term background.
• Three different markers can be configured using approximately 70 permutations each, each filtered by 20 different filter permutations. When modification of the relevant parameters in the script’s Settings/Settings/Parameters section is added, possibilities are almost endless. If the generated signals are then fed into the PineCoders Engine and combined with the Engine’s own options, the permutations go up another order of magnitude, and changes to any setting can be instantly evaluated using the Engine’s backtesting results.
• Five simple filters can be combined. They are additive. They include volume-related conditions and a chandelier, which I find useful because both volume and volatility (the chandelier using highs/lows and ATR) are sensible complementary sources to RSI’s momentum information. The filter’s state can be shown as a thin line at the bottom of the indicator.
• Alerts can be configured using any of the marker/filter combinations mentioned. As usual, once your markers/filters are set up the way you want, create your alert from the chart/timeframe you want the alert to run on and be sure to use the “Once Per Bar Close” triggering condition. Use an alert message that will remind you of which combination of markers were used when creating the alert.
• A plot providing entry signals for the PineCoders Backtesting & Trading Engine is supplied. It will use whichever marker/filter configuration is active to generate signals.
• All higher timeframe information is non-repainting. Higher timeframe lines can be smoothed (the default). The selection of the higher timeframe can be made using 3 different methods:
1. By steps (if current timeframe <= 1 minute: 60 min, <= 60 min: 1D, <= 6H: 3D, <= 1D: 1W, <=1W: 1M, >1W: 12M)
2. By a user-defined multiple of the current timeframe
3. Using a fixed timeframe
Thanks to:
• Alex Orekhov aka @everget for the chandelier code.
• @RicardoSantos who through a small remark early on, unknowingly put me on the track of eliminating noise through visual crowding.
• The brilliant guys in the PineCoders Pro room for your knowledge, limitless creativity and constant companionship.
Timelines-Buschi
English:
This is a little, simple script I made upon request from a user.
It shows the highs ad lows of up to three custom timelines (e. g. 60 min, 30 min and 15 min) within a chart.
Deutsch:
Dies ist ein kleines, einfaches Skript, das ich auf Anfrage eines Nutzers erstellt habe.
Es zeigt die Hochs und Tiefs von bis zu drei individueller Zeitreihen (z. B. 60 min, 30 min und 15 min) innerhalb eines Charts.
Supertrend MTF LAG ISSUEThis script based on
we all use Super trend but it main issue is the lag as it buy too late or sell too late
using Deavaet study of Heat map MTF we can do a little trick
if you look on his study you can see that major signal for example will happen in the time frame before it happen at larger time frame
so in this example if signal at MTF 30 min and signal at MTF 60 min happen at the same time at 2 hours or 4 hours candles then this signal are more likely to be true then random signal at each time frame specific.
since we use shorter time frame on larger time frame we can remove the lag issue that make supertrend not so effective
In this example I set the signal to be MTF 30 +60 om 2 hour TF , can be good also for 4 hour candles..
So you get the signal to close inside the larger candle
now if you want to make on even shorter TF then change the code to 15 and 30 MTF on candles on 1 hour
or 1 and 5 min on 30 min or 15 min
Dukhan 24 Hours rolling volume similar to exchanges Shows 24 hour rolling volume similar to the exchange - Done for BTC but works on anything
input is number of candle to calculate back
usage:
1m candle : 24h * 60 = 1440
5m candle: (24h * 60) / 5 = 288
etc
Parabolic DetectionThis method of trend analysis draws the RSI channel from 50 to 60 on the chart. If it's over 60, the channel is green.
When Bitcoin goes on its insane runs, the RSI on the 3 day chart will often be pegged at extreme values. Our goal is to visually represent these moments.
By default, this uses the 3 day resolution for its calculations. Feel free to disable this and it will work on any timeframe.
rainbow ema갤럭시님 이평선 토대로 JB가 에디트한 지수이평선 모음입니다. 편집하시면 일반 이평선으로도 사용이 가능합니다.
하나의 지표 추가 만으로 여러개의 지수이평선을 사용하실 수 있고, 제가 자주 사용하는 7,14,21,28,40,60,120,200,300선 넣어 놨습니다.
"Galaxy" made, JB edited EMA script. Editing is free for use if you swap ema to ma as a base setting.
You can use several ema lines by adding one indicator only, and I put 7,14,21,28,40,60,120,200,300 as a threshold which I frequently use.
It is made as an open source at any time possible, so that you are free for playing with it.
Gazua!!!!
TRADE.GODANN-based script, comparing the previous and current closing of the asset with its percentage of change and determining the purchase or sale accordingly.
I recommend using the time of the script in 60 minutes and the time of opration and 5 minutes for a better scalp.
For junior time I recommend 240 minutes for the script time and 60 minutes for the operating time.
Thanks Thiago Kerbes;)