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SMT Divergence ICT 01 [TradingFinder] Smart Money Technique🔵 Introduction SMT Divergence (short for Smart Money Technique Divergence) is a trading technique in the ICT Concepts methodology that focuses on identifying divergences between two positively correlated assets in financial markets. These divergences occur when two assets that should move in the same direction move in opposite directions. Identifying these divergences can help traders spot potential reversal points and trend changes. Bullish and Bearish divergences are clearly visible when an asset forms a new high or low, and the correlated asset fails to do so. This technique is applicable in markets like Forex, stocks, and cryptocurrencies, and can be used as a valid signal for deciding when to enter or exit trades. Bullish SMT Divergence : This type of divergence occurs when one asset forms a higher low while the correlated asset forms a lower low. This divergence is typically a sign of weakness in the downtrend and can act as a signal for a trend reversal to the upside. Bearish SMT Divergence : This type of divergence occurs when one asset forms a higher high while the correlated asset forms a lower high. This divergence usually indicates weakness in the uptrend and can act as a signal for a trend reversal to the downside. 🔵 How to Use SMT Divergence is an analytical technique that identifies divergences between two correlated assets in financial markets. This technique is used when two assets that should move in the same direction move in opposite directions. Identifying these divergences can help you pinpoint reversal points and trend changes in the market. 🟣 Bullish SMT Divergence This divergence occurs when one asset forms a higher low while the correlated asset forms a lower low. This divergence indicates weakness in the downtrend and can signal a potential price reversal to the upside. In this case, when the correlated asset is forming a lower low, and the main asset is moving lower but the correlated asset fails to continue the downward trend, there is a high probability of a trend reversal to the upside. 🟣 Bearish SMT Divergence Bearish divergence occurs when one asset forms a higher high while the correlated asset forms a lower high. This type of divergence indicates weakness in the uptrend and can signal a potential trend reversal to the downside. When the correlated asset fails to make a new high, this divergence may be a sign of a trend reversal to the downside. 🟣 Confirming Signals with Correlation To improve the accuracy of the signals, use assets with strong correlation. Forex pairs like OANDA:EURUSD and OANDA:GBPUSD , or cryptocurrencies like COINBASE:BTCUSD and COINBASE:ETHUSD , or commodities such as gold ( FX:XAUUSD ) and silver ( FX:XAGUSD ) typically have significant correlation. Identifying divergences between these assets can provide a strong signal for a trend change. 🔵 Settings Second Symbol : This setting allows you to select another asset for comparison with the primary asset. By default, "XAUUSD" (Gold) is set as the second symbol, but you can change it to any currency pair, stock, or cryptocurrency. For example, you can choose currency pairs like EUR/USD or GBP/USD to identify divergences between these two assets. Divergence Fractal Periods : This parameter defines the number of past candles to consider when identifying divergences. The default value is 2, but you can change it to suit your preferences. This setting allows you to detect divergences more accurately by selecting a greater number of candles. Bullish Divergence Line : Displays a line showing bullish divergence from the lows. Bearish Divergence Line : Displays a line showing bearish divergence from the highs. Bullish Divergence Label : Displays the "+SMT" label for bullish divergences. Bearish Divergence Label : Displays the "-SMT" label for bearish divergences. 🔵 Conclusion SMT Divergence is an effective tool for identifying trend changes and reversal points in financial markets based on identifying divergences between two correlated assets. This technique helps traders receive more accurate signals for market entry and exit by analyzing bullish and bearish divergences. Identifying these divergences can provide opportunities to capitalize on trend changes in Forex, stocks, and cryptocurrency markets. Using SMT Divergence along with risk management and confirming signals with other technical analysis tools can improve the accuracy of trading decisions and reduce risks from sudden market changes.
Indicatore Pine Script™
di TFlab
6
Dynamic Market Correlation Analyzer (DMCA) v1.0Description The Dynamic Market Correlation Analyzer (DMCA) is an advanced TradingView indicator designed to provide real-time correlation analysis between multiple assets. It offers a comprehensive view of market relationships through correlation coefficients, technical indicators, and visual representations. Key Features - Multi-asset correlation tracking (up to 5 symbols) - Dynamic correlation strength categorization - Integrated technical indicators (RSI, MACD, DX) - Customizable visualization options - Real-time price change monitoring - Flexible timeframe selection ## Use Cases 1. **Portfolio Diversification** - Identify highly correlated assets to avoid concentration risk - Find negatively correlated assets for hedging strategies - Monitor correlation changes during market events 2. Pairs Trading - Detect correlation breakdowns for potential trading opportunities - Track correlation strength for pair selection - Monitor technical indicators for trade timing 3. Risk Management - Assess portfolio correlation risk in real-time - Monitor correlation shifts during market stress - Identify potential portfolio vulnerabilities 4. **Market Analysis** - Study sector relationships and rotations - Analyze cross-asset correlations (e.g., stocks vs. commodities) - Track market regime changes through correlation patterns Components Input Parameters - **Timeframe**: Custom timeframe selection for analysis - **Length**: Correlation calculation period (default: 20) - **Source**: Price data source selection - **Symbol Selection**: Up to 5 customizable symbols - **Display Options**: Table position, text color, and size settings Technical Indicators 1. **Correlation Coefficient** - Range: -1 to +1 - Strength categories: Strong/Moderate/Weak (Positive/Negative) 2. **RSI (Relative Strength Index)** - 14-period default setting - Momentum comparison across assets 3. **MACD (Moving Average Convergence Divergence)** - Standard settings (12, 26, 9) - Trend direction indicator 4. **DX (Directional Index)** - Trend strength measurement - Based on DMI calculations Visual Components 1. **Correlation Table** - Symbol identifiers - Correlation coefficients - Correlation strength descriptions - Price change percentages - Technical indicator values 2. **Correlation Plot** - Real-time correlation visualization - Multiple correlation lines - Reference levels at -1, 0, and +1 - Color-coded for easy identification Installation and Setup 1. Load the indicator on TradingView 2. Configure desired symbols (up to 5) 3. Adjust timeframe and calculation length 4. Customize display settings 5. Enable/disable desired components (table, plot, RSI) Best Practices 1. **Symbol Selection** - Choose related but distinct assets - Include a mix of asset classes - Consider market cap and liquidity 2. **Timeframe Selection** - Match timeframe to trading strategy - Consider longer timeframes for strategic analysis - Use shorter timeframes for tactical decisions 3. **Interpretation** - Monitor correlation changes over time - Consider multiple timeframes - Combine with other technical analysis tools - Account for market conditions and volatility Performance Notes - Calculations update in real-time - Resource usage scales with number of active symbols - Historical data availability may affect initial calculations Version History - v1.0: Initial release with core functionality - Multi-symbol correlation analysis - Technical indicator integration - Customizable display options Future Enhancements (Planned) - Additional technical indicators - Advanced correlation algorithms - Enhanced visualization options - Custom alert conditions - Statistical significance testing
Indicatore Pine Script™
di kunalsinghbalyan
Stock vs Custom Symbol OutperformanceStock vs Custom Symbol Outperformance" is a powerful technical analysis indicator designed to help traders and investors gauge the relative performance of a stock against a selected benchmark symbol. This tool enables users to easily visualize how a stock is performing in comparison to another asset, such as an index or another stock. Key Features: Custom Symbol Comparison: Input any symbol to compare against the stock of interest, allowing for flexible analysis tailored to specific market conditions. Outperformance Calculation: The indicator calculates the percentage change in price for both the stock and the selected benchmark, providing a clear view of relative performance. Moving Average Smoothing: A customizable moving average smooths the outperformance data, helping to identify trends and reduce noise in the signals. Threshold Lines: Set upper and lower threshold lines to visualize significant levels of outperformance or underperformance, aiding in decision-making. Dynamic Color Coding: The outperformance bars are color-coded—green indicates that the stock is outperforming the benchmark, while red indicates underperformance. How to Use: Select a Benchmark: Use the input field to choose the symbol against which you want to compare the stock. Adjust Parameters: Modify the moving average length and set your desired thresholds for easier identification of performance metrics. Interpret Results: Analyze the plot for insights into the stock's performance relative to the benchmark, with the moving average providing additional context for trends. This indicator is ideal for traders looking to refine their strategies by understanding how individual stocks measure up against key benchmarks in the market.
Indicatore Pine Script™
di navneet214
Watermark, Date, Symbol & Timeframe [ANR Trades]" Watermark, Date, Symbol & Timeframe " is a simple yet powerful TradingView indicator designed to provide essential information directly on your trading charts. Key Features: - Add a watermark with a title and subtitle to your charts. Customize the position, colour, and size to suit your preferences. - View the current date, symbol, and timeframe directly on your chart. This indicator is essential for traders who frequently save or share their chart images publicly who would want to watermark their chart as well as make it easier to know when it was, what symbol and what timeframe it was on.
Indicatore Pine Script™
di anrtrades
3
Symbol CorrelationThe "Symbol Correlation" indicator calculates and displays the correlation between the chosen symbol's price and another selected source over a specified period. It also includes a moving average (SMA) of this correlation to provide a smoothed view of the relationship. Why SMA and Table Display ? The inclusion of SMA (Simple Moving Average) with adjustable length (SMA Length) enhances the indicator's utility by smoothing out short-term fluctuations in correlation, allowing for clearer trend identification. The SMA helps to visualize the underlying trend in correlation, making it easier to spot changes and patterns over time. The table display of the correlation SMA value offers a concise summary of this trend. By showcasing the current correlation SMA alongside its historical values, traders can quickly gauge the relationship's strength relative to previous periods. Interpreting the Indicator: 1. Correlation Values: The primary plot shows the raw correlation values between the symbol's price and the specified source. A value of 1 indicates a perfect positive correlation, -1 signifies a perfect negative correlation, and 0 suggests no linear relationship. 2. Correlation SMA: The SMA line represents the average correlation over a defined period (SMA Length). Rising SMA values indicate strengthening correlation trends, while declining values suggest weakening correlations. 3. Choosing SMA Length: Traders can adjust the SMA Length parameter to tailor the moving average to their specific analysis horizon. Shorter SMA lengths react quickly to price changes but may be more volatile, while longer SMA lengths smooth out noise but respond slower to recent changes. In summary, the "Symbol Correlation" indicator is a valuable tool for assessing the evolving relationship between a symbol's price and an external source. Its use of SMA and tabular presentation facilitates a nuanced understanding of correlation trends, aiding traders in making informed decisions based on market dynamics.
Indicatore Pine Script™
di Julien_Eche
3
Multi-Symbol Indicator Screener w/ Alert [TradingWhale]This screener allows to screen multiple (up to 40) symbols for a condition defined by the user, including some other indicator plot values (not all of them) and their relation to other indicator plot values (data sources) or to absolute values defined in the condition. It plots a label and adds the symbols and chart time frames to the label for those symbols that meet the screening condition. There are some examples further below. The indicator / screener is designed to use other indicators as a data source, where possible. On the label the symbols represent stock symbols. The numbers represent the chart time frame in which the condition was screened. (30) = 30 minutes, (120) = 120 minutes, (D) = 1 day, (3D) = 3 days, (W) = 1 week, and so forth. Requirements: - the indicators you want to use as source data need to be on the same chart as the screener, but not in the same pane. - It will not work for all 3rd-party indicators. The script provides the specific capabilities detailed below: 1. Data inputs: - add up to 40 symbols to be screened - check field for each symbol allow the user to enable/disable screening for each symbol individually - ability to add up to two (2) external source data that can be compared to each other, where possible, by a logical operator or compared to an absolute value - a check field to select whether the logical operation takes places between Source #1 and Source #2 or between Source # 1 and an absolute value. - users can also define how far from the last bar the label is plotted on the chart 2. Operations available, whenever possible based on source data: - "crossing" - "cross up" - "cross down" - "rejected from resistance (Source #1) in the last bar", which means "High was above Source #1 (resistance level) in the last completed bar and 'close' (current price of the symbol) is now below Source #1" (resistance level). - "rejected from resistance (Source #1) in the last 2 bars", which means "High was above Source #1 (resistance level) in one of the last two (2) completed bars and 'close' (current price of the symbol) is now below Source #1" (resistance level). - "rejected from support (Source #1) in the last bar" --- similar to above except with Lows and rejection from support level - "rejected from support (Source #1) in the last 2 bars" --- similar to above except with Lows and rejection from support level - "greater than" - "less than" - "is up" - "is down" - "is up %" - "is down %" Screening examples could be: - Source #1 "crossed up" Source #2 - Source #1 is "greater than" 20 3. Output: a. Label The label can be modified in terms of colors and position (how many bars away from the last bar) b. Alerts - Get alerted if one or more symbols meet the condition. - To set up the alert visit the alerts setup screen in TV and select this screener.
Indicatore Pine Script™
di tradingw999
10
Symbol Searcher [EmuMoon]Introducing the EmuMoon 'Symbol Searcher'. Your go-to tool for quickly comparing and discovering the best coins/symbols to trade. With this nifty tool, you can easily search and compare 40+ different coins/symbols simultaneously to find the most volatile ones, while also identifying coins that are already correlated to the ones you're trading. That way, you can diversify your portfolio and avoid putting all your eggs in one basket.🧺🐣 The Symbol Searcher lets you sort by volatility, correlation and weighted combinations of both. You can even input your own coins/symbols to see how they stack up. It's a fun way to explore the crypto/trading market and find new opportunities. You can also add the 'Symbol Searcher' to the chart multiple times to display even more symbols. This works excellent with the other DCA Tools that are Advanced! Features The EmuMoon 'Symbol Searcher' has a number of features, including: • Optimal Coin Selection - The 'Top Picks' Table automatically populates with coins/symbols exhibiting the most desirable values that are well suited to trading. • 'Sort By' Drop-Down - Explore a wide range of sorting options to discover coins/symbols that align with your target goals and preferences. • Lookback Duration - Small or broad, you can specify the quantity of bars/candles that are used when performing internal calculations. • Customisable View - Choose the Quantity of Pairs to Compare and also separately choose the Quantity of Pairs to Display. • Real-Time Data - Receive up-to-the-minute data on coins/symbols, pick any time frame interval to make informed and timely choices. • Quick & Easy - You can search, compare and analyse a wide range of coins with speed and convenience and no complex setup. • Default Pairs - Carefully selected from Binance USDT Spot, the top 40 pairs with a 'Maximum Supply' based on the highest statistics at the time of creating. Add your own at any time. • Connectivity - Use on the go, on any device. Settings menu and display tables have been optimized to look great on Mobile as well as PC, Browser, App, Laptop, Mobile, Tablet etc. • Fast Loading - Streamlined array/table structure means enhanced script compile times, significantly improving script compiling times and timeout errors. Settings • Show Main Table - Show or hide the main coin selection table. • Display X Pairs - Choose how many pairs to display. • Compare X Pairs - Choose how many pairs to compare. • Lookback - Choose the quantity of bars/candles to be used for the Correlation and Volatility calculations. • Sort By - Choose how the main table is sorted. • Show Top Picks Table - Show or hide the Top Picks Table. • + Corr X Vol - Choose the quantity of High Correlation + High Volatility coins to show on the Top Picks Table. • - Corr X Vol - Choose the quantity of Low Correlation + High Volatility coins to show on the Top Picks Table. • o Corr X Vol - Choose the quantity of Neutral Correlation + High Volatility coins to show on the Top Picks Table. • Symbol Input 1 - To check for correlation, the script utilizes coin slot number 1 as a reference, comparing it against all the coins numbered 2~40. • Symbol Inputs 2~40 - Customize the coin inputs (2~40) according to your preference. • Table Position - Adjust location of table plotted on chart. You can also add the 'Symbol Searcher' to the chart multiple times to display even more symbols. 🎉 • Info & Help - Some great information about the script and its features • Text Size - Whether you are on PC, App, or Tablet, you can adjust the view to fit your device. Usage While statistics provide valuable insights, they should not be solely relied upon as an indicator of future results. This script serves as a tool traders can utilise to help gain an overview of the market landscape, and quickly compare and identify potential opportunities, enhancing their decision-making process. To use the indicator, simply input your chosen coins/symbols or use the defaults, select the quantity you want to compare, choose a sorting option, you can also generate a Top Picks list based on the highest performing values by using the +/-/o Corr X Vol quantity selections.
Indicatore Pine Script™
di EmuMoon
1
Candles Preview MTFDescription: The script displays a mini-chart with candlesticks from different symbols and timeframes (up to 8 in total). It can display up to 24 candles. You can use it on any timeframe, but it is intended to work with the same or higher timeframes than the chart's. For example: you can add a mini-chart displaying candles of the chart's symbol from Weekly timeframe, while being on Daily timeframe. The script updates in realtime, but it is not recommended to use it on very low timeframes (1 second for example). Below you can find some examples of using the indicator: (custom colors, highest and lowest volume in footer, symbol name with exchange in header) (a chart with Weekly and a chart with Monthly candles, custom colors, no footer, timeframe in header) (charts for 5 different stocks, no footer, symbol name in header) Along with the chart it displays a header with Symbol and Timeframe, as well as footer with highest and lowest Price or Volume for selected number of candles. Each candle displays a tooltip with the following information when hovered: - Date / Time - Open, High, Low and Close prices - Price change (absolute and %) - Volume - Volume change (absolute and %) By default the interface changes colors if you switch to / from "Dark mode", but you can also manually customise any colors to your likings. You can also hide both header and footer, customise what information is displayed in them, show / hide the chart's grid and change its "density", choose position and height for each of the 8 charts. Additionally, you can change the timezone used to calculate time and date. Inputs: The indicator's inputs are separated into groups: - Other (contains the "Timezone" parameter) - Chart 1 (contains parameters specific for each chart) - Chart 2 - Chart N - ... - Charts (contains parameters that modify all the 8 charts) - Colors (contains parameters for styling) How to get it: Contact me on Tradingview using private chat, and I will grant you a 3 day trial access On a side note: You can share your feedback or ideas in the comments, it will help me improve the indicator. Refer to "Release notes" section for any future updates. Thank you!
Indicatore Pine Script™
di sabricat
15
Multi-Symbol Cross Indicator Template - Unleash Your Potential!Unlock your full trading potential with this powerful and versatile Multi-Symbol Cross Indicator Template! This script is designed to make you stand out from the crowd by enabling you to monitor multiple symbols on a single chart for specific events, such as a Golden Cross or Death Cross. With its high adaptability to include various technical indicators, you're in complete control of your trading decisions and market analysis. By using the built-in request.security function, this template fetches data for your chosen symbols from the selected exchange and calculates the conditions (e.g., moving average crossovers) for each symbol. Although the current implementation focuses on Golden Crosses and Death Crosses, the sky is the limit when it comes to modifying the script to incorporate other technical indicators such as RSI, MACD, or Bollinger Bands. You, as a discerning trader, can easily customize the script by selecting your preferred exchange and symbols through input options. This flexibility allows you to monitor your favorite markets without the need for any direct code modification, giving you the ultimate adaptability for various trading strategies and market analysis purposes. Remember, this script is more than just an example or template; it's the key to unleashing your inner trading genius. While it's not intended to be a standalone trading strategy, it serves as the foundation for you to build upon and create your own customized multi-symbol indicators or strategies. You are awesome, and with this Multi-Symbol Cross Indicator Template, there's no doubt that you're on the path to achieving great success in your trading journey!
Indicatore Pine Script™
di Autoview_official
composite_ticker_cleanerLibrary "composite_ticker_cleaner" Extract a clean symbol from a composite ticker. E.g., (BINANCE:BTCUSD+KRAKEN:BTCUSD)/2 as input will return BTCUSD or BINANCE:BTCUSD composite_ticker_cleaner_extract_first(symbol, keepexchange)   Extract the first symbol out of the supplied string (usually ticker.standard(syminfo.tickerid) )   Parameters:      symbol : string input string to search in      keepexchange : bool (optional) Keep exchange in the returned ticker? By default, we only return the symbol without the exchange.   Returns: first occurrence of a symbol composite_ticker_cleaner_extract_first(keepexchange)   Extract the first symbol out of the current tickerid (as provided by ticker.standard(syminfo.tickerid) )   Parameters:      keepexchange : bool (optional) Keep exchange in the returned ticker? By default, we only return the symbol without the exchange.   Returns: first occurrence of a symbol in the current tickerid This is inspired by the work I did on this indicator: I needed a similar functionality in another script, so instead of duplicating code, I thought generalizing the process in a library could be helpful for me and others, and will be easier to maintain and upgrade with new features if I need to.
Libreria Pine Script™
di tartigradia
2
.b pin-up symbolWhen trading cryptocoins, it is necessary to check the price trend of NASDAQ, BTC.D, BTC.OI, BTC spot or other coins of similar groups. However it is very cumbersome to put a comparison symbol in the Tradingview chart and combine individual indicators one by one. Moreover even with such a combination, the chart is messy and visibility is not good. This script was developed as a composite-solution to that situation, and will make you happy. - NQ1!, USTECH100CFD | symbol fixed - BTC.Dominance, BTC.OpenInterest, BTC symbol, others pin-up-symbol | selectable - Pin-up-symbol | selectable - Pin-up-symbol's candle chart - Trending * EMA 9,21,50,200 ribbon classic EMA * .b price line ; .b price = unique trending price with price-action + relative-volume-action + ATR * Dynamic S/R Cloud ; BB + donchian band + high/low + atr mixed custom-logic * VWWMA + .b price Shadow ; Volume-weighted WMA on .b price = unique MA faster than classic VWMA Trending shadow direction is not bad even on low-timeframe (1, 2, 3, 5m, 15m...) - Pattern * Harmonic Pattern ; A simplified version of the harmonic pattern indicator, simply show-up pattern complete position for reference only - adopted from HeWhoMustNotBeNamed's script. - Information Panel * BTC Dominance, BTC Open Interest, Pin-Up-Symbol price * Trend meter ; 5,15,30,1h,2h,4h Meter Calc with 1 minute-timeframe candles 5 = Green if the current price is higher than the price 5 minutes ago. 1h = Green if the current price is higher than the price 2 hours ago. 4h = Red if the current price is lower than the price 4 hours ago. * caution ; To use real-time chart of "CME_MINI:NQ1!" you have to additional subscribe CME data, default setting is 'NQ1!' , you can change to 'USTECH100CFD' * When you choose symbol which is closed trading hours, the script's update stopped. Even if the selected pin-up-symbol is on trading hours, the currently selected symbol's chart doesn't update. * recommended | chart setting > Appearance : Top margin 0%, Bottom margin 0% for optimized screen usage :) if you have any questions freely contact to me by message on tradingview, or telegram @sr_bt but please understand that responses may be quite late. ------------------------------------------------------------------------------------------------------------------------------------------------------------ copyright 2022 (sr_b) Special thanks to all of contributors of community. The script (originaly .b) may be freely distributed under the MIT license. The other classic script code also may be freely distributed under the MIT license. Simplified Harmonic script part | core adopted from 'Multi ZigZag Harmonic Patterns (HeWhoMustNotBeNamed)' MPL2.0 license
Indicatore Pine Script™
di sr_b
7
MultiAlert LITEAllows one to set 5 price level alerts on one symbol (1 Stop Loss 4 Targets) Alerts work by prices crosses under the stop loss or over the targets, enabling short reverses this. Unlike regular MultiAlert, this actually draws a true horizontal price at your price. This is a lighter version of MultiAlert, supporting only one symbol. Your price levels will appear on all charts unless you hide the indicator. Make the alert with targets and stop loss set, every time you make a change you MUST REMAKE THE ALERT. Please comment any problems .
Indicatore Pine Script™
di Siadore_
6
TradeChartist Tracker Lite™TradeChartist Tracker Lite is the lite version of ™TradeChartist Tracker and it is an essential real-time multi Indicator tracking toolkit that can be plotted as a standalone Indicator plot and/or a multi symbol tracker/screener for upto 5 different symbols . The indicators included in the tracker are Stochastic Oscillator, RSI , CCI , 10 different Moving Averages, MACD , Bollinger Bands %B, Net Volume and Heikin Ashi Trend. =================================================================================================================== ™𝗧𝗿𝗮𝗱𝗲𝗖𝗵𝗮𝗿𝘁𝗶𝘀𝘁 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 𝗟𝗶𝘁𝗲 𝗨𝘀𝗲𝗿 𝗠𝗮𝗻𝘂𝗮𝗹 ======================================== ™TradeChartist Tracker Lite Plot Types ================================== ™TradeChartist Tracker Lite can be used to plot the following. 1. Indicator plot of Chart Symbol on its own, chosen from the 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿 𝗧𝘆𝗽𝗲 dropdown, enabling 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫 𝐏𝐥𝐨𝐭 (𝐝𝐢𝐬𝐚𝐛𝐥𝐞𝐬 𝐓𝐫𝐚𝐜𝐤𝐞𝐫). In this example Daily chart of XRP-USDT, 55 period Stochastic is tracked for the chart symbol XRP-USDT. 2. Indicator plot of a Symbol different from the Chart Symbol on its own, chosen from the 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿 𝗧𝘆𝗽𝗲 dropdown by enabling Tʀᴀᴄᴋ ᴀɴᴏᴛʜᴇʀ Sʏᴍʙᴏʟ's Iɴᴅɪᴄᴀᴛᴏʀ and entering the symbol name in the Sʏᴍʙᴏʟ ᴛᴏ Tʀᴀᴄᴋ input box, whilst keeping 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫 𝐏𝐥𝐨𝐭 (𝐝𝐢𝐬𝐚𝐛𝐥𝐞𝐬 𝐓𝐫𝐚𝐜𝐤𝐞𝐫) enabled. In this example Daily chart of XRP-USDT, 55 period Stochastic is tracked for the chart symbol BTC-USD. 3. Upto 5 Multiple Symbol Trackers for the Indicator chosen from the 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿 𝗧𝘆𝗽𝗲 dropdown, by disabling 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫 𝐏𝐥𝐨𝐭 (𝐝𝐢𝐬𝐚𝐛𝐥𝐞𝐬 𝐓𝐫𝐚𝐜𝐤𝐞𝐫) and by entering the number of trackers required in the 𝐍𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐓𝐫𝐚𝐜𝐤𝐞𝐫𝐬 input box under 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 𝗣𝗹𝗼𝘁𝘀 section. Upto 5 Symbols can be tracked and can be input by the user in the input boxes from Sʏᴍʙᴏʟ 1,...Sʏᴍʙᴏʟ 5 . 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫 𝐏𝐥𝐨𝐭 (𝐝𝐢𝐬𝐚𝐛𝐥𝐞𝐬 𝐓𝐫𝐚𝐜𝐤𝐞𝐫) must be disabled for this plot type. In this example Daily chart of Crypto Total Market Cap, Bollinger Bands %B is tracked for the chart symbol + 5 other Crypto symbols using Multi Symbol Trackers 4. Indicator Tracker labels can be plotted on Price chart by overlaying the Tracker on main chart and by switching from Separate Tracker Pane - Default to Tracker Labels only on Price Scale in the Lᴀʙᴇʟs Dɪsᴘʟᴀʏ Tʏᴘᴇ dropdown box. In this example chart of 1hr XLM-USDT, Tracker labels of 55 EMA are plotted for 5 different symbols along with the 55 EMA plot of XLM-USDT. =================================================================================================================== 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿𝘀 𝗜𝗻𝗰𝗹𝘂𝗱𝗲𝗱 𝗶𝗻 ™𝗧𝗿𝗮𝗱𝗲𝗖𝗵𝗮𝗿𝘁𝗶𝘀𝘁 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 𝗟𝗶𝘁𝗲 ================================================== 1. Stochastic Oscillator 2. RSI 3. CCI 4. MA - (10 types included) 5. MACD 6. Bollinger Bands %B 7. Net Volume 8. Heikin Ashi Trend All of the above indicators can be plotted as independent plots of the Chart Symbol or of a different symbol by enabling 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫 𝐏𝐥𝐨𝐭 (𝐝𝐢𝐬𝐚𝐛𝐥𝐞𝐬 𝐓𝐫𝐚𝐜𝐤𝐞𝐫). Some Oscillators have the option of Pʟᴏᴛ Sᴛʏʟᴇ under their relevant sections, and can be plotted as line, area or a histogram. Oscillators 1-6 require source price, lookback length and smoothing (where available) for the indicator plot. The colour of the tracker blocks is based on the Upper/Lower bands (where available), specified by the user in the respective sections. For example, if the RSI indicator is chosen to be plotted with Upper band at 60 and Lower band at 40 , the tracker blocks and the Indicator plot paint the values between 40 and 60 in neutral colour which can be changed from the settings. Multi Window US30 example chart below with various indicators from ™TradeChartist Tracker Lite. Moving Averages (MA) and MACD ------------------------------------------------------ Tracker Lite plots and tracks one of 10 Moving Averages that can be chosen from the MA ᴛʏᴘᴇ and by specifying the MA Lᴇɴɢᴛʜ . MACD uses EMA as default for calculating the MACD plots and Tracker data using Fᴀsᴛ Lᴇɴɢᴛʜ , Sʟᴏᴡ Lᴇɴɢᴛʜ and Sᴍᴏᴏᴛʜɪɴɢ . To experiment or use a different Moving Average to calculate MACD , disable 𝐔𝐬𝐞 𝐄𝐌𝐀 (Uɴᴄʜᴇᴄᴋ ᴛᴏ ᴜsᴇ MA ғʀᴏᴍ ᴀʙᴏᴠᴇ) and select the required Moving Average from MA ᴛʏᴘᴇ drop down of the 𝟰. 𝗠𝗼𝘃𝗶𝗻𝗴 𝗔𝘃𝗲𝗿𝗮𝗴𝗲 section. Net Volume and Heikin Ashi Trend ------------------------------------------------------- Net Volume and Heikin Ashi Trend can be tracked and plotted for up to 5 symbols in addition to the chart symbol, but both Net Volume and Heikin Ashi Trend. Since the colour of the Net Volume depends on candle being bullish or bearish , it can help the user visualize if the current candle close of the symbol tracked is above or below the symbols's candle open. Note: Bar Replay doesn't update the bar by bar indicator plot for historic bars for symbols other than the chart symbol. However, the Indicator Plot is perfectly usable for the realtime bar as data updates for both the Trackers and the indicator plot in realtime. =================================================================================================================== 𝗠𝘂𝗹𝘁𝗶 𝗦𝘆𝗺𝗯𝗼𝗹 𝗧𝗿𝗮𝗰𝗸𝗲𝗿𝘀/𝗟𝗮𝗯𝗲𝗹𝘀 ============================= Multi Symbol Tracker blocks continuously track the real-time indicator data of up to 5 symbols (in addition to the chart symbol) based on the number of Symbol Trackers preferred in the 𝐍𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐒𝐲𝐦𝐛𝐨𝐥 𝐓𝐫𝐚𝐜𝐤𝐞𝐫𝐬 (𝟎-𝟓) input box under the 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 𝗣𝗹𝗼𝘁𝘀 section, and plots Bull, Bear and Neutral colour coded blocks based on both the indicator selected and settings preferred by the user under the relevant indicator section. Multi Symbol Tracker Labels also continuously track the real-time indicator data in addition to the last close price (if 𝐒𝐡𝐨𝐰 𝐏𝐫𝐢𝐜𝐞 is enabled under 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 𝗣𝗹𝗼𝘁𝘀 section), which helps user see the real-time changes in the indicator values and price changes of the symbols tracked. The Tracker Label colours are exactly the same as the Tracker Block colours and are filtered based on the user preferred bands on the Oscillator values. For example, if the user prefers RSI upper band of 60 and lower band of 40 , the range between the values of 40 and 60 will be colour coded in neutral colour which can be changed from the 𝗨𝘀𝗲𝗳𝘂𝗹 𝗘𝘅𝘁𝗿𝗮𝘀 section of the indicator settings. Note 1: Default settings are based on the Oscillator mid values. Using Upper and Lower bands for oscillators help spot the oversold and overbought zones and also helps spot breakout threshold based on Indicator values specified by the user. Example chart with visual depiction below using RSI . =================================================================================================================== Frequently Asked Questions ======================== Q: When I load the ™TradeChartist Tracker Lite, why are the values in the labels blurred sometimes? A: This happens occasionally as shown in the chart below, when the script is loaded for the first time or when a different setting is used. To resolve this, just hide and unhide the script using the 👁 next to the Indicator title. If it is not visible, just hover the mouse/crosshair over the Indicator Title and it will be visible. Q: Why does the indicator plot, tracker blocks and labels of Symbols being tracked, not update when I use Bar Replay? A: As explained in the relevant sections above, historic data for bars and indicators other than chart symbol doesn't update on bar replay. But the chart symbol data does update for every bar on bar replay. This doesn't affect the real-time values and block colours for the symbols tracked. Q: Can I track real-time values of a currently trading symbol when I'm on a symbol chart that is inactive? For example, can I see labels with real-time BTC values on a Sunday when I'm on a SPX chart when its not in session? A: Simple answer is no. This is because, the plots are based on bar times of the chart and the symbols are tracked based on the bar time. So if the SPX session ended on Friday, the last known value of the BTC labels will be from Friday and hence it is always recommended to track symbols from a symbol chart that is in session. Q: Does ™TradeChartist Tracker Lite repaint? A: This indicator doesn't repaint but it is not recommended to trade a different symbol from the chart based on the real-time data alone without checking if the current symbol chart is in session as inactive price chart will not have updated data on symbols tracked. Also, bar replay doesn't work on data pulled from external symbol data than the chart symbol, but signals confirmed at candle close and confirmed by Tracker blocks with appropriate colour code will be in agreement with the respective indicator and can be double checked for building trust and confidence on the indicator. Also, the indicator is a good companion tool to track various indicators and prices, especially of symbols other than the chart symbol, but, to trade the symbol other than the chart symbol, user must refer to the respective chart. Q: Can ™TradeChartist Tracker Lite be connected to other indicators as external source? A: Yes. ™TradeChartist Tracker Lite can be connected to another script and there are several use cases in doing so. A couple of examples are shown below. 1. ™TradeChartist Tracker Lite Bollinger Bands %B 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿 𝗣𝗹𝗼𝘁 connected to ™TradeChartist Plotter to plot Divergences on the 4hr XAU-USD main price chart. 2. ™TradeChartist Tracker Lite 55 period Stochastic 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿 𝗣𝗹𝗼𝘁 connected to ™TradeChartist Plug and Trade as Oscillatory Signal with 0/0 to generate trade signals with Targets and performance information on trades. More Example Charts ================== =================================================================================================================== Best Practice: Test with different settings first using Paper Trades before trading with real money The indicator is a good companion tool to track various indicators and prices, especially of symbols other than the chart symbol, but, to trade the symbol other than the chart symbol, user must refer to the respective chart. ===================================================================================================================
Indicatore Pine Script™
di TradeChartist
24
Correlation MATRIX (Flexible version)Hey folks A quick unrelated but interesting foreword Hope you're all good and well and tanned Me? I'm preparing the opening of my website where we're going to offer the Algorithm Builder Single Trend, Multiple Trends, Multi-Timeframe and plenty of others across many platforms (TradingView, FXCM, MT4, PRT). While others are at the beach and tanning (Yes I'm jealous, so what !?!), we're working our a** off to deliver an amazing looking website and great indicators and strategies for you guys. Today I worked in including the Trade Manager Pro version and the Risk/Reward Pro version into all our Algorithm Builders. Here's a teaser We're going to have a few indicators/strategies packages and subscriptions will open very soon. The website should open in a few weeks and we still have loads to do ... (#no #summer #holidays #for #dave) I see every message asking me to allow access to my Algorithm Builders but with the website opening shortly, it will be better for me to manage the trials from there - otherwise, it's duplicated and I can't follow all those requests As you can probably all understand, it becomes very challenging to publish once a day with all that workload so I'll probably slow down (just a bit) and maybe posting once every 2/3 days until the website will be over (please forgive me for failing you). But once it will open, the daily publishing will resume again :) (here's when you're supposed to be clapping guys....) While I'm so honored by all the likes, private messages and comments encouraging me, you have to realize that a script always takes me about 2/3 hours of work (with research, coding, debugging) but I'm doing it because I like it. Only pushing the brake a bit because of other constraints INDICATOR OF THE DAY I made a more flexible version of my Correlation Matrix . You can now select the symbols you want and the matrix will update automatically !!! Let me repeat it once more because this is very cool... You can now select the symbols you want and the matrix will update automatically :) Actually, I have nothing more to say about it... that's all :) Ah yes, I added a condition to detect negative correlation and they're being flagged with a black dot Definition : Negative correlation or inverse correlation is a relationship between two variables whereby they move in opposite directions. A negative correlation is a key concept in portfolio construction, as it enables the creation of diversified portfolios that can better withstand portfolio volatility and smooth out returns. Correlation between two variables can vary widely over time. Stocks and bonds generally have a negative correlation, but in the decade to 2018, their correlation has ranged from -0.8 to 0.2. (Source : www.investopedia.com See you maybe tomorrow or in a few days for another script/idea. Be sure to hit the thumbs up to cheer me up as your likes will be the only sunlight I'll get for the next weeks.... because working on building a great offer for you guys. Dave ____________________________________________________________ - I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies Jump on a 1 to 1 coaching with me - You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Indicatore Pine Script™
di Daveatt
9