The New Adaptive Moving Average was created by Scott Cong (Stocks and Commodities Mar 2023) and his idea was to focus on the Adaptive Moving Average created by Perry Kaufman and to try to improve it by introducing a concept of effort vs results. In this case the effort would be the total range of the underlying price action since each bar is essentially a war of...
This is an experimental candlestick pattern that combines pinbars and engulfing patterns as my own implementation. These signals can be used as a possible reversal points based on timeframe used or set wick size. Of course these signals should never be used on their own but rather can be used as another confluence of possible entry signal. Functional and Manual...
📑 Showcase This is ready-to-show indicator version of the example code form the `motion` library. It can be used to create string- or color-based effects. Library: ================================================================================ 📑 Setup To use this library in your own scripts, you must first import it. To do this, add the following line to...
The magic formula is an investing strategy created by Joel Greenblatt that focuses on finding the best price to buy certain companies in order to maximize returns. When Greenblatt coined the term magic formula investing, his portfolio had a return of 24% from 1998 to 2009. This means that $10,000 invested at 24% for the period would have turned into just over $1...
US bond 10yr and 2yr yield inversion, which shows how it affects macro economy.
A basic statistic to describe "ranges". There are three inputs: - short range - long range - moving average length The output is a ratio of the short range to the long range. In the screenshot example, the short range is a single day (bar) and the long range is five days. A value near "1" would mean that every day entirely fills the five day range, and that a...
█ OVERVIEW We have included by default 3 known Patterns. The Bat, the Butterfly and the Gartley. But have you ever wondered how effective other, not yet known models could be? Don't ask yourself the question anymore, it's time to find out for yourself! You have the option to customize your own Patterns with the Backtesting tool and set Retracement Ratios and...
This indicator will tell you whether the security you are looking at is overvalued or undervalued using a company's total assets and their market cap. In theory, a company's total assets is everything that they own, which then should technically be how much the company is worth. Therefore, if the company's market cap is higher than their total assets, the...
This script is a quantitative price forecasting indicator that forecasts price changes for a given asset. The model aims to forecast future prices by analyzing past data within a selected time period. Mathematical probability is used to calculate whether starting from time X can lead to reaching prices Y1 and Y2. In this context, X represents the current...
Introduction: This script is a result of an AI recommended created trading strategy that is design to offer new traders’ easy access to trend information and oversold/overbought conditions. Here we have combined commonly used indicators into a single unique visualization that quickly identifies trend changes and both RSI and Bollinger Band based overbought and...
This is a Pine Script library for handling complex numbers without arrays. It contains several utility functions for performing various operations on complex numbers, including converting complex numbers into tuples, getting the real and imaginary parts of a complex number, adding and subtracting complex numbers, computing the conjugate, multiplying and dividing...
Library "Vector2DrawTriangle" Functions to draw a triangle and manipulate its properties. new(a, b, c, xloc, bg_color, line_color, line_style, line_width) Draws a triangle with background fill using line prototype. Parameters: a : v2 . Vector2 object, in the form `(x, y)`. b : v2 . Vector2 object, in the form `(x, y)`. c : v2 ....
Library "time_filters" Collection of filters that related with time like sessions and datetime ranges. All existing session functions I found in the documentation e.g. not na(time(timeframe.period, sessionTimes)) are not suitable for strategies, since the execution of the entries and the exits are delayed by one bar. Thus I created this library to overcome this...
Here is an another outcome of Object Oriented Zigzag and Pattern Ecosystem of Libraries. We already have another implementation of recursive zigzag which makes use of earlier library rzigzag . Here in this example, we make use of similar logic but leverage the new type and method based Zigzag system libraries to derive the indicator. 🎲 Design Overview ...
Library "CommonTypesDrawing" Provides a common library source for common types of used graphical drawing structures. Includes: `Triangle, Quad, Polygon` Triangle Representation of a triangle using lines and linefill. Fields: ab : Edge of point a to b. bc : Edge of point b to c. ca : Edge of point c to a. fill : Fill of the...
Traders, i have been observing crude oil for about 3 months now and somehow I can see that crude is respecting 42 days Moving average and crosses have created massive spikes most of the time. However you need to be mindful of the time to trade and timeframe since not all crosses creates spikes. Note: I have been testing on a 15min timeframe. Keeping this in...
Library "Vector2DrawLine" Extends line type with methods for Vector2 and Segment2. new(origin, target, xloc, extend, color, style, width) Draws a line using Segment type to hold its coordinate properties.. Parameters: origin : Vector2 . Origin vector of the line. target : Vector2 . Target vector of the line. xloc : string extend :...
Library "Vector2" Representation of two dimensional vectors or points. This structure is used to represent positions in two dimensional space or vectors, for example in spacial coordinates in 2D space. ~~~ references: docs.unity3d.com gist.github.com github.com gist.github.com gist.github.com gist.github.com ~~~ new(x, y) Create a new Vector2...