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Non Parametric Adaptive Moving AverageIntroduction Not be confused with non-parametric statistics, i define a "non-parametric" indicator as an indicator who does not have any parameter input. Such indicators can be useful since they don't need to go through parameter optimization. I present here a non parametric adaptive moving average based on exponential averaging using a modified ratio of open-close to high-low range indicator as smoothing variable. The Indicator The ratio of open-close to high-low range is a measurement involving calculating the ratio between the absolute close/open price difference and the range (high - low) , now the relationship between high/low and open/close price has been studied in econometrics for some time but there are no reason that the ohlc range ratio may be an indicator of volatility, however we can make the hypothesis that trending markets contain less indecision than ranging market and that indecision is measured by the high/low movements, this is an idea that i've heard various time. Since the range is always greater than the absolute close/open difference we have a scaled smoothing variable in a range of 0/1, this allow to perform exponential averaging. The ratio of open-close to high-low range is calculated using the vwap of the close/high/low/open price in order to increase the smoothing effect. The vwap tend to smooth more with low time frames than higher ones, since the indicator use vwap for the calculation of its smoothing variable, smoothing may differ depending on the time frame you are in. 1 minute tf 1 hour tf Conclusion Making non parametric indicators is quite efficient, but they wont necessarily outperform classical parametric indicators. I also presented a modified version of the ratio of open-close to high-low range who can provide a smoothing variable for exponential averaging. I hope the indicator can help you in any way. Thanks for reading !
Penunjuk Pine Script™
oleh alexgrover
4
Japanese Correlation CoefficientIntroduction This indicator was asked and named by a trading meetup participant in Sevilla. The original question was "How to estimate the correlation between the price and a line as easy as possible", a question who got little attention. I previously proposed a correlation estimate using a modification of the standard score (see at the end of the post) for the estimation of a Savitzky-Golay moving average (LSMA) of order 1, however something faster could maybe be done and this is why i accepted the challenge. Japanese Correlation Correlation is defined as the linear relationship between two variables x and y , if x and y follow the same direction then the correlation increase else decrease. The correlation coefficient is always equal or below 1 and equal or above -1, it also have to be taken into account that this coefficient is quite smooth. Smoothing is not a problem, scaling however require more attention, high price > closing price > low price, therefore scaling can be done. First we smooth the closing/high/low price with a simple moving average of period p/2 , then we take the difference of the smoothed close with the smoothed close p/2 bars back, this result is then divided by the difference between the highest smoothed high's with the lowest smoothed low's over period p/2 . Since we use information provided by candlesticks (close/high/low) i have been asked to publish this estimator with the name Japanese correlation coefficient , this name don't imply the use of data from Japanese markets, "Japanese" is used because of the candlestick method coming from Japan. Comparison I compare this estimation with the correlation coefficient provided in pinescript by the correlation function. The estimation in orange with the original correlation coefficient using n as independent variable in blue with both length = 50. comparison with length = 200. Conclusion I have shown that it is possible to roughly estimate the correlation coefficient between price and a linear function by using different price information. Correlation can be further estimated by using homogeneous bridge OHLC volatility estimators thus making able the use of different independent variables. I really hope you like this indicator and thanks to the meetup participant asking the question, i had a lot of fun making the indicator. An alternative method
Penunjuk Pine Script™
oleh alexgrover
Daily OHLC UpdatedThis plots the daily OHLC values as well as a few other options. The base indicator plots and colors a daily open line. When line is green close is above open. When line is red close is below day open. You can also turn on background highlighting. Background will be green (default) If close is above day open Background will be red (default) If close is below day open There is also an option to turn on indicators on the bottom of your chart: Arrow up will be green (default) If close is above day open Arrow down will be red (default) If close is below day open Next version will be adding alerts.
Penunjuk Pine Script™
oleh RexDogActual
1
Weekly/Daily Cross & Bias ConfirmationThis indicator plots the weekly and daily open in addition to a current close price line. It also signals when price closes above or below the daily and weekly opens. Also, the bull/bear bias is painted on this indicator as well. Black is the weekly open Silver is the daily open Weekly is default black arrows. Up is going above open, down is going below Daily is default aqua arrows. Up is going above, down is going below
Penunjuk Pine Script™
oleh RexDogActual
1
Weekly OHLC Plus 3 Weekly TF EMAsPlots weekly OHLC (with option to turn on monthly Open and Close) and 3 Weekly resolution EMAs (customizable). This indicator is a combination of a few I've created/updated here on TV. First part plots Weekly OHLC with an option to plot monthly open and close. This indicator also plots on your chart 3 EMAs (customizable) from the Weekly timeframe (resolution). The default settings (all EMAs) 200 - Orange 50 - Purple 20 - Black There is no smoothing so the EMA line will appear jagged.
Penunjuk Pine Script™
oleh RexDogActual
Rogers & Satchell Volatility EstimationFirst off, a huge thank you to the following people: theheirophant: www.tradingview.com alexgrover: www.tradingview.com NGBaltic: www.tradingview.com The Rogers & Satchell function is a volatility estimator that outperforms other estimators when the underlying follows a geometric Brownian motion with a drift (historical data mean returns different from zero). As a result, it provides a better volatility estimation when the underlying is trending. However, the Rogers & Satchell estimator does not account for jumps in price (gaps). It assumes no opening jump. The function uses the open, close, high, and low price series in its calculation and it has only one parameter, which is the period to use to estimate the volatility. This script allows you to transform the volatility reading. The intention of this is to be able to compare volatility across different assets and timeframes. Having a relative reading of volatility also allows you to better gauge volatility within the context of current market conditions. For the signal lie I chose a repulsion moving average to remove choppy crossovers of the estimator and the signal. This may have been a mistake, so in the near-future I might update so that the MA can be selected. Let me know if you have any opinions either way. Want to Learn? If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources. Suggestions or Questions? Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open.
Penunjuk Pine Script™
oleh chrysopoetics
1
SadLittleThings Price Compare With Offset MTF by RRBSadLittleThings Price Compare With Offset MTF by RagingRocketBull 2018 Version 1.0 This indicator lets you compare multiple assets across different timeframes, supports offsets and alpha multipliers. Standard TradingView Compare doesn't have Offset/Timeframe/Multiplier options, hence this indicator. Features: - compare current asset's price with 2 custom ext OHLC sources - plot sources as lines/bars/candles - use offset: - for lines - both positive/negative offsets, unlimited - for bars/candles - only positive offsets <= 5000 - specify timeframe for each source - uses timeframe textbox instead of input resolution dropdown to allow for 240 120 and other custom TFs - support for timeframes in H: H, 2H, 4H etc - show/hide sources - colorize sources - convert source price to 1000s, mlns, or blns using alpha multiplier - total bars counter Notes on using offsets: - Max offset is defined by study max_bars_back which is limited to 5000 for free accounts. This variable specifies the number of history bars an indicator can access. - if you see the 'internal server study error' => one of the indexes of ohlc series is out of bounds (i.e. close ) => decrease the offset <= 5000 or switch to line type - you will be limited only by the total number of bars in history (n) +/- 1 full screen of empty bars - you can't scroll past the beginning of history - 1 empty screen and past the end of history + 1 empty screen to be able to still see the line with applied offset - before applying a large offset, scroll back long enough to make sure you have enough history loaded - if you have a long history the indicator will get slower, its UI less responsive. Reloading the page may fix that. - you will not see source's history past the beginning of the current asset - open the chart with the longest history first (i.e. BLX, not COINBASE) - Make sure that the Left Price Scale shows up with Auto Fit Data enabled. You can reattach the indicator to a different scale in Style. - you may not be able to plot intraday TFs < current TF, because free accounts are limited to TFs >= D1 (i.e. D, 2D, 3D, W), but you can still plot, say, H4+ on a lower TF H1 chart 1. uses plot*, security, change
Penunjuk Pine Script™
oleh RagingRocketBull
1
Is Open equal to High or LowMany people are watching opening price on each time axis. Opening price is very important. This indicator displays OHLC Open as a line in multiple time frame. If open is close to high or low, the color of the line changes. The fact that they are close means the strength of the market flow and the firmness of that price range. Note: The color of the line will not be fixed until bar is closed. And when using, please set arbitrary coefficient according to each market. Coefficient e.g. EURUSD: 0.00005 BTCUSD: 1 DJI: 5 BTCJPY: 100 USDJPY: 0.01 NI225: 2
Penunjuk Pine Script™
oleh h2sa
2