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Anticipated Simple Moving Average Crossover IndicatorIntroducing the Anticipated Simple Moving Average Crossover Indicator This is my Pinescript implementation of the Anticipated Simple Moving Average Crossover Indicator Much respect to the original creator of this idea Dimitris Tsokakis This indicator removes one bar of lag from simple moving average crossover signals with a high degree of accuracy to give a slight but very real edge. Moving Averages A moving average simplifies price data by smoothing it out by averaging closing prices and creating one flowing line which makes seeing the trend easier. Moving averages can work well in strong trending conditions, but poorly in choppy or ranging conditions. Adjusting the time frame can remedy this problem temporarily, although at some point, these issues are likely to occur regardless of the time frame chosen for the moving average(s). While Exponential moving averages react quicker to price changes than simple moving averages. In some cases, this may be good, and in others, it may cause false signals. Moving averages with a shorter look back period (20 days, for example) will also respond quicker to price changes than an average with a longer look back period (200 days). Trading Strategies — Moving Average Crossovers Moving average crossovers are a popular strategy for both entries and exits. MAs can also highlight areas of potential support or resistance. The first type is a price crossover, which is when the price crosses above or below a moving average to signal a potential change in trend. Another strategy is to apply two moving averages to a chart: one longer and one shorter. When the shorter-term MA crosses above the longer-term MA, it's a buy signal, as it indicates that the trend is shifting up. This is known as a "golden cross." Meanwhile, when the shorter-term MA crosses below the longer-term MA, it's a sell signal, as it indicates that the trend is shifting down. This is known as a "dead/death cross." MA and MA Cross Strategy Disadvantages Moving averages are calculated based on historical data, and while this may appear predictive nothing about the calculation is predictive in nature. Moving averages are always based on historical data and simply show the average price over a certain time period. Therefore, results using moving averages can be quite random. At times, the market seems to respect MA support/resistance and trade signals, and at other times, it shows these indicators no respect. One major problem is that, if the price action becomes choppy, the price may swing back and forth, generating multiple trend reversal or trade signals. When this occurs, it's best to step aside or utilize another indicator to help clarify the trend. The same thing can occur with MA crossovers when the MAs get "tangled up" for a period of time during periods of consolidation, triggering multiple losing trades. Ensure you use a robust risk management system to avoid getting "Chopped Up" or "Whip Sawed" during these periods.
Penunjuk Pine Script®
oleh The_Caretaker
11
William %R Scalper for GoldWilliam %R Scalper or WPR Scalper tool is used with small time frame : 5 , 3 or 1 minute, it uses two different William %R indicators : one for fast move with 9 period WPR9 and one slow with 54 period WPR54. You can find buy zone when WPR9 < -90 and WPR54 < -80 and sell zone when WPR9 > -10 AND WPR54 > -20. For experience user only you can adapt the two periods and threshold levels to your need. You can use only WPR9 to place trade and validate trend with WPR54.
Penunjuk Pine Script®
oleh sharktrade
9
SuperTrend VolatilityThis indicator is actually composition of 3 indicator to one common one it based on super trend , OBV and volatility % range obv act as our source for the super trend to make it more sensitive you can control it as a regular super trend + the addition of volatility % range (volatility factor) so 1 is volatility range , can be from 0.1 to 5 depend on your liking. i set it here in this example of btc 4 hour chart to be 0.5 which is 1/2 of the volatility % range since it fitted better this particular asset . for stock i prefer 1 as my factor this indicator as i normally do have alert and signal inside. the aim of this indicator is to maximize trend on one hand and other to keep sensitivity high one of the problem with regular super trend that as we keep the we increase the trend to be longer it lose sensitivity . by this method that i show here i try to minimize that bad effect and make it both sensitive and more responsive. this is one of the reason i use a modified version of OBV as a source to it . for each asset that you use try to find the best fit so this model can work properly here apple with factor=1 as range on daily it better half of volatility range NIO gold 4 hour gold 1 hour
Penunjuk Pine Script®
oleh RafaelZioni
22
Joseph Nemeth Heiken Ashi Renko MTF StrategyFor Educational Purposes. Results can differ on different markets and can fail at any time. Profit is not guaranteed. This only works in a few markets and in certain situations. Changing the settings can give better or worse results for other markets. Nemeth is a forex trader that came up with a multi-time frame heiken ashi based strategy that he showed to an older audience crowd on a speaking event video. He seems to boast about his strategy having high success results and makes an astonishing claim that looking at heiken ashi bars instead of regular candlestick bar charts can show the direction of the trend better and simpler than many other slower non-price based indicators. He says pretty much every indicator is about the same and the most important indicator is price itself. He is pessimistic about the markets and seems to think it is rigged and there is a sort of cabal that created rules to favor themselves, such as the inability of traders to hedge in one broker account, and that to win you have to take advantage of the statistics involved in the game. He believes fundamentals, chart patterns such as cup and handle and head and shoulders, and fibonacci numbers don't matter, only price matters. The foundation of his trading strategy is based around heiken ashi bars because they show a statistical pattern that can supposedly be taken advantage of by them repeating around seventy or so percent of the time, and then combines this idea with others based on the lower time frames involved. The first step he uses is to identify the trend direction in the higher time frame(daily or 4 hourly) using the color of the heiken ashi bar itself. If it is green then take only long position after the bar completes, if it is red then take only short position. Next, on a lower time frame(1 hour or 30 minutes) look for the slope of the 20 exponential moving average to be sloping upward if going long or the slope of the ema to be sloping downward if going short(the price being above the moving average can work too if it's too hard to visualize the slope). Then look for the last heiken ashi bar, similarly to the first step, if it is green take long position, if it is red take short position. Finally the entry indicator itself will decide the entry on the lowest time frame. Nemeth recommends using MACD or CCI or possibly combine the two indicators on a 5 min or 15 min or so time frame if one does not have access to renko or range bars. If renko bars are available, then he recommends a 5 or 10 tick bar for the size(although I'm not sure if it's really possible to remove the time frame from renko bars or if 5 or 10 ticks is universal enough for everything). The idea is that renko bars paint a bar when there is price movement and it's important to have movement in the market, plus it's a simple indicator to use visually. The exit strategy is when the renko or the lowest time frame indicator used gives off an exit signal or if the above conditions of the higher time frames are not being met(he was a bit vague on this). Enter trades with only one-fifth of your capital because the other fifths will be used in case the trades go against you by applying a hedging technique he calls "zero zone recovery". He is somewhat vague about the full workings(perhaps because he uses his own software to automate his strategy) but the idea is that the second fifth will be used to hedge a trade that isn't going well after following the above, and the other fifths will be used to enter on another entry condition or if the other hedges fail also. Supposedly this helps the trader always come out with a profit in a sort of bushido-like trading tactic of never accepting defeat. Some critics argue that this is simply a ploy by software automation to boost their trade wins or to sell their product. The other argument against this strategy is that trading while the heiken ashi bar has not completed yet can jack up the backtest results, but when it comes to trading in real time, the strategy can end up repainting, so who knows if Nemeth isn't involving repainting or not, however he does mention the trades are upon completion of the bar(it came from an audience member's question). Lastly, the 3 time frames in ascending or descending fashion seem to be spaced out by about factors of 4 if you want to trade other time frames other than 5/15min,30min/1hour, or 4hour/daily(he mentioned the higher time frame should be atleast a dozen times higher than the lower time frame). Personally I have not had luck getting the seventy+ percent accuracy that he talks about, whether in forex or other things. I made the default on renko bars to an ATR size 1 setting because it looks like the most universal option if the traditional mode box size is too hard to guess, and I made it so that you can switch between ATR and Traditional mode just in case. I don't think the strategy repaints because I think TV set a default on the multi-time frame aspects of their code to not re-paint, but I could be wrong so you might want to watch out for that. The zero zone recovery technique is included in the code but I commented it out and/or remove it because TV does not let you apply hedging properly, as far as I know. If you do use a proper hedging strategy with this, you'll find a very interesting bushido type of trading style involved with the Japanese bars that can boost profits and win rates of around possibly atleast seventy percent on every trade but unfortunately I was not able to test this part out properly because of the limitation on hedging here, and who knows if the hedging part isn't just a plot to sell his product. If his strategy does involve the repainting feature of the heiken ashi bars then it's possible he might have been preaching fools-gold but it's hard to say because he did mention it is upon completion of the bars. If you find out if this strategy works or doesn't work or find out a good setting that I somehow didn't catch, please feel free to let me know, will gladly appreciate it. We are all here to make some money!
Strategi Pine Script®
oleh SparkyFlary
13
Volatility Rainbow [Nic]What is this The volatility rainbow tracks divergences in a security and its volatility index. This can be used to identify periods of heightened implied (future) risk. About Volatility The volatility is calculated by looking at put / call ratios. When VIX goes up it means that puts are outpacing calls. This is a bearish signal. About Correlation When the security goes up while the VIX goes up, the divergence on the plot will increase and turn a color. This should be a warning. Colors RED - DIA BLUE - SPX GREEN - IWM GOLD - GLD YELLOW - QQQ ORANGE - TLT White- VVIX Related
Penunjuk Pine Script®
oleh NicTheMajestic
3
Forex system 10This is old method I used in the past for forex can be apply to any time frame . can be apply to any asset all you have to do is to follow the colors (red =sell, green=buy) the system is my modification to fibs system in order to make it more accurate here is example of setting for 5 min chart the color determine by cross of the median of high and low the script try to give us more accurate levels of resistance and support levels especially when we do it in lower TF the Min is the control need to be same or higher then chart 60 min chart for example gold 60 min btc another forex example 15 min here 60 min TF on 5 min chart on crypto link
Penunjuk Pine Script®
oleh RafaelZioni
4
Divergence Indicator [Nic]This divergence indicator can track the correlation between one or more symbols. I use it to track the divergences between the VIX volatility index, gold, bonds, as well as other market leading indicators. When using with Vix, lower coefficients can lead to false signals. When in a high vix bear market signals, there is more noise and more false (or missing) signals can occur. Please use with other technical tools.
Penunjuk Pine Script®
oleh NicTheMajestic
1
Bollinger %B Candles StrategyStrategy built based on earlier published indicator: Looks to be doing good for short term swing trades. But, I am not sure if there is repainting. I tried to avoid buy/sell trades on same day - but wasn't successful. So far back-tested on following: COINBASE:BTCUSD - works on both long and short CURRENCYCOM:GOLD and equities - long only. Some of the failures: ASX:WPL , ASX:WHC , ASX:NHC As usual for back-testing - using 1000 as initial capital with 100% invested on each trade and no compounding so that it will be easy to compare with buy and hold. Trade with caution :)
Strategi Pine Script®
oleh Trendoscope
6
[blackcat] L2 Ehlers Instantaneous Trendline Trading StrategyLevel: 2 Background John F. Ehlers introuced Instantaneous Trendline Trading Strategy in his "Cybernetic Analysis for Stocks and Futures" chapter 3 on 2004. Function With the crossover strategy that Dr. Ehlers has developed it is possible to be on the wrong side of the trade for a substantial period from time to time. For this reason, Dr. Ehlers has added a rule that if the price goes against your position by more than some percentage, the strategy will correct itself and automatically reverse to the opposite position. The percentage is supplied as the input variable RevPct. RevPct is an optimizable parameter, but I find that the default value of 1.5 percent (RevPct = 1.015) is a relatively robust number. Key Signal Trigger ---> Instantaneous Trendline fast line ITrend ---> Instantaneous Trendline slow line LimitBuy ---> limit buy price level which is triggered by gold cross LimitSell ---> limit buy price level wich is triggered by dead cross 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 23th 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.
Penunjuk Pine Script®
oleh blackcat1402
3
[blackcat] L2 Center Band BollingerLevel: 2 Background Bollinger bands are a type of price envelope developed by John Bollinger , where price envelopes define upper and lower price ranges. Bollinger Bands are envelopes that are represented with a standard deviation above and below a simple moving average of price. Because the spacing of the bands is based on the standard deviation, they adjust for fluctuations in the volatility of the underlying price. Function L2 Center Band Bollinger takes advantage of Bollinger band to detect sideways and trends. At the same time, I made an improvement and the center Bollinger line as a fast-slow-line color band. The algorithm of the color center band is composed of price and volume information, which produces gold cross and dead cross for short term long and short entries. Key Signal aa10 --> bollinger middle fast line aa12 --> bollinger middle slow line up --> upper envelope dn --> lower envelope Pros and Cons Pros: 1. it can easy see the sections of trends or sideways by width of Bollinger band 2. long and short entries are disclosed Cons: 1. Some noise is still incorporated in trends 2. due to this is un-optimized version, time frame and trading pairs need to be selected 3. Bollinger re-entry signal is not disclosed yet Remarks The long and short signal is compatible to @nilux strategy backtest framework for sandardized backtest scheme: Backtest 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.
Penunjuk Pine Script®
oleh blackcat1402
2
SuperTrendRange by DGTSuperTrendRange study attempts to determine the state of the market • whether a well-established bull/bear trend is present • whether the market is trading in a range SuperTrendRange (STR) takes into account the volatility of the market - further details regarding volatility can be found in the description of “Volatility Bands by DGT” study Due to its similarities to SupertTrend (ST) and Parabolic SAR (SAR), I will try to explain by stating differences between them SuperTrendRange uses both the ATR (Average True Range) and STDEV (Standard Deviation) as part of its calculations - unlike ST and SAR where they use only ATR Sensitivity of the indicator is adjusted using the multiplier setting of both ATR and STDEV Additionally, unlike ST, the source of the basis of SuperTrendRange can be selected among the assets price value or its moving average Source and Length are adjustable too The SuperTrendRange, like Parabolic SAR indicator, appears on a chart as a series of dots, either above, below or unlike Parabolic SAR both above and below of the asset's price A dot placed - below the price when the market is trending upward - above the price when it is trending downward - both above and below when the price starts moving sideways – this is a feature that both SuperTrend and Parabolic SAR misses, where they are known to produce false signals and losing trades, whereas SuperTrendRange emphasis the zones of the ranges occurring and in most cases are considered no trade recommended zones. Please note that the range width may vary depending on how the market is volatile. It is up to the users to trade if it fits their trading strategies Dots plotted above and below can be assumed as Support and Resistance levels Example usages – with trading opportunities Gold Monthly Chart Bitcoin Daily Chart 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
Penunjuk Pine Script®
oleh dgtrd
73
Fear/Greed IndexMy goal was to create something akin to the Fear & Greed Index ( money.cnn.com ) that CNN and others do. A Fear/Greed Index can be used by any trader or investor but I believe it's best viewed with a contrarian's eye-- When the market appears to be signalling Extreme Fear, that is a good place to start buying from emotional players who want to sell no matter the price When signalling Extreme Greed, that may be a good place to start taking profits off or getting hedged, as there may be too much exuberance in the air Important to note and remember, however, is that there can often times be fear in the air for good reasons! I like to see this as if we dip into extreme fear and return shortly after, the fear may warrant constraint from buying, or returning back to extreme greed may be a very strong market extension The script draws from several other tickers which I have read and personally observed to be decent macro correlations for the stock market (specifically the SP500). For the state of each of these metrics I gave a rating, good or bad, then added them together and put it into your standard Stochastic. These macro correlations include-- The % of stocks in the SP500 above multiple Simple Moving Average lengths VIX and its term-structure (contango, backwardation) Treasury Bonds Gold Junk/High Yield Bonds The Put/Call Ratio The SP500 Options Skew Advancing and Declining Issues On some of these I opted to use a function for the Relative Momentum Index instead of RSI, as the RMI oscillates better (in my opinion). I also used a Band-Pass Filter/Double EMA for smoothing the results of the stochastic. A LOT of these numbers were made to my own observation and discretion and can get out-dated over time. With that said, PLEASE feel free to revise, fine tune, modify this as you wish to optimize yours. And please let me know if I have made any mistakes here or something should be added.
Penunjuk Pine Script®
oleh chrism665
11
bgeraghty_FibCastThis script draws a High-To-Low or Low-To-High Fibonacci Retrace over the chart, based on which of those two happens in the given time period (Default is 144 Candles). Updates from older versions: - Paints 0.5, 0.618, 0.65 and spaces in between, giving good hindsight to the trend, and ideas of where strong support/resistance may lie. - Silver Paint Strip = 0.50 retrace, Gold = 0.618-0.65, and the Red/Green between indicates the direction of the (Fib) Trend as H->L or L->H - Paints 0.144 and 0.886 ranges Blue, and these are typically extremes or possible reversal zones. (PRZ)
Penunjuk Pine Script®
oleh bgeraghty
2
CC - Consolidated Interval Display (CID)Ever wish you didn't have to rapidly flip between 6 different intervals to get the full picture? Yeah, me too. Do you also wish that you kind of understood how the shift / unshift function works for arrays? Yeah, I did too. Both of those birds are taken care of with one stone! The Consolidated Interval Display uses the new Array structure and security to display data for 5m, 15m, 45m, 1h, 4h and 1d intervals SIMUTANEOUSLY! Regardless of which interval you're looking at you can get the full picture of numerical data without flipping around to get it. This is my first script trying to use arrays. It basically shows the following for the given ticker: ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 5 minute level. ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 15 minute level. ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 45 minute level. ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 1 hour level. ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 4 hour level. ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 1 day level. To make it more or less busy, I've allowed you to toggle off any of the levels you wish. I've also chosen to leave this as open source, as it's nothing too experimental, and I hope that it can gain some traction as an Array example that the public can use! If you don't like the different values that are shown, use this source code example as a spring-board to put values that you do care about onto the labels. If this code has helped you at all please drop me a like or some constructive criticism if you do not think it's worth a like. Good luck and happy trading friends. If this gets traction, I will post something similar for a combination of SPY, VIX, GOLD, QQQ, IWM and TLT.
Penunjuk Pine Script®
oleh maigcaloctopus
1
L2 Composite BB-RSI-SMA-Stoch and VolumeLevel: 2 Background Commonly we cannot use signal indicator to disclose the nature of market. By using multiple indicator resonance, the confidence level of trading is increased. The selection of proper ingredients is important to guarantee a good results. Function L2 Composite BB-RSI-SMA-Stoch and Volume script likes a Pizza that you can put your favorite ingredients and condiments. In my menu, there are basic indicators as below: Bollinger bands are envelopes with a standard deviation above and below a simple moving average of price. Since the spacing of the bands is based on the standard deviation, they adjust to the fluctuations in volatility in the underlying price. The Relative Strength Index (RSI) developed by J. Welles Wilder is a pulse oscillator that measures the speed and change of price movements. The RSI hovers between zero and 100. A simple moving average (SMA) is an arithmetic moving average that is calculated by adding up current prices and then dividing by the number of time periods in the calculation average. A stochastic oscillator is a momentum indicator that compares a certain closing price of a security with a range of its prices over a certain period of time. The sensitivity to market movements can be reduced by adjusting this time period or by taking a moving average of the result. Volume meters are the ones that make up the volume, usually an underestimated indicator. Key Signal Composite signal is simple and difficult to describe the overall function. By simple logic "and", "or", you can filter out the noise and disclose the real market trend. Pros and Cons Pros: 1. Higher confidence level for trading due to indicator resonance effect. 2. Incl. long, short, and close, three types of signal. 3. Easy to migrate and adapt to various markets. Cons: 1. Highly emphasized on long signal, for short signal is a little bit weak. 2. Only use for trading pairs with volume information. Indice is not applicable. 3. Although I tried to use a set of "Golden Parameters", it still need to be tuned along different markets, time frame upon situations. 4. It is complex if you are wondering to introduce new indicator together with them. A lot of efforts may be needed. Remarks The opinions of most people in the market may not be correct, but the opinions of most indicators are closer to correct. 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.
Penunjuk Pine Script®
oleh blackcat1402
3
Neglected Volume by DGTVolume is one piece of information that is often neglected, however, learning to interpret volume brings many advantages and could be of tremendous help when it comes to analyzing the markets. In addition to technicians, fundamental investors also take notice of the numbers of shares traded for a given security. What is Volume? The volume represents all the recorded trades for a security that occurs in a given time interval. It is a measurement of the participation, enthusiasm, and interest in a given security. Think of volume as the force that drives the market. Volume substantiates, energizes, and empowers price. When volume increases, it confirms price direction; when volume decreases, it contradicts price direction. In theory, increases in volume generally precede significant price movements. However, If the price is rising in an uptrend but the volume is reducing or unchanged, it may show that there’s little interest in the security, and the price may reverse. A high volume usually indicates more interest in the security and the presence of institutional traders. However, a rapidly rising price in an uptrend accompanied by a huge volume may be a sign of exhaustion. Traders usually look for breaks of support and resistance to enter positions. When security break critical levels without volume, you should consider the breakout suspect and prime for a reversal off the highs/lows Volume spikes are often the result of news-driven events. Volume spike will often lead to sharp reversals since the moves are unsustainable due to the imbalance of supply and demand note : there’s no centralized exchange where trades are recorded, so the volume data represents what happens at a particular exchange only In most charting platforms, the volume indicator is presented as color-coded bars, green if the security closes up and red if the security closed lower, where the height of the bars show the amount of the recorded trades Within this study, Relative Volume , Volume Weighted Bars and Volume Moving Average are presented, where Relative Volume relates current trading volume to past trading volume over long period, Volume Weighted Bars presents price bars colored based on short period past trading volume average, and Volume Moving Average is average of volume over shot period Relative Volume is presented as color-coded bars similar to regular Volume indicator but uses four color codes instead two. Notable increases of volume are presented in green and red while average values with back and gray, hence adding ability to emphasis notable increases in the volume. It is kind of a like a radar for how "in-play" a security is. Users are allowed to change the threshold, default value is set to Fibonacci golden ration standard deviation away from its moving average. Volume Weighted Bars, a study of Kıvanç Özbilgiç, aims to present if price movements are supported by Volume. Volume Weighted Bars are calculated based on shot period volume moving average which will reflect more recent changes in volume. Price actions with high volume will be displayed with darker colors, average volume values will remain as they are and low volume values will be indicated with lighter colors. Volume Moving Average, Is short period volume moving average, aims to display visually the volume changes. Please not that Relative Volume bars are calculated based on standard deviation of long volume moving average. What Else? Apart from the volume itself, your ability to assess what volume is telling you in conjunction with price action can be a key factor in your ability to turn a profit in the market. It makes little sense to analyze the volume alone. To correctly interpret the volume data, it shall be seen in the light of what the price is doing. there are a lot of other indicators that are based on the volume data as well as price action. Analysing those volume indicators has always helped traders and investors to better understand what is happening in the market. Here are the ones adapted with this study. Some of them used as a source for our aim, some adapted as they are with slight changes to fit visually to this study and please note that the numerical presentation may differ from their regular use • On Balance Volume • Divergence Indicator • Correlation Coefficient • Chaikin Money Flow Shortly; On Balance Volume The On Balance Volume indicator, is a technical analysis indicator that relates volume flow to changes in a security’s price. It uses a cumulative total of positive and negative trading volume to predict the direction of price. The OBV is a volume-based momentum oscillator, so it is a leading indicator — it changes direction before the price Granville, creator of OBV, proposed the theory that changes in volume precede price movements in a measurable way. He believed that volume was the main force behind major market moves and thought of OBV’s prediction of price changes as a compressed spring that expands rapidly when released. It is believed that the OBV shows the interactions between the institutional and retail traders in the market If the price makes a new high, the OBV should also make a new high. If the OBV makes a lower high when the price makes a higher high, there’s a classical bearish divergence — indicating that only the retail traders are buying. Another type of bearish divergence occurs when the price remains relatively quiet and fails to make a higher high but the OBV soars higher than the previous high — indicating that the institutional traders are accumulating short positions. On the other hand, if the price makes a lower low and the OBV makes a higher low, there is a classical bullish divergence, showing that the institutional traders don’t believe in that move With this study, Momentum and Acceleration (optional) of OBV is calculated and presented, where momentum is most commonly referred to as a rate and measures the acceleration of the price and/or volume of a security. It is also referred to as a technical analysis indicator and oscillator that is able to determine market trends. Additionally, smoothing functionality with Least Squares Method is added Divergences especially, should always be noted as a possible reversal in the current trend, so the divergence indicator is adapted with this study where the Momentum of OBV is assumed as Oscillator with similar usages as to RSI. Divergence is most often used to track and analyze the momentum in an asset’s price and the odds of a price reversal within the current trend. The divergence indicator warns traders and technical analysts of changes in a price/volume trend, oftentimes that it is weakening or changing direction. Correlation Coefficient The correlation coefficient is a statistical measure of the strength of the relationship between the relative movements of two variables. A correlation of -1.0 shows a perfect negative correlation, while a correlation of 1.0 shows a perfect positive correlation. A correlation of 0.0 shows no linear relationship between the movement of the two variables. In other words, the closer the Correlation Coefficient is to 1.0, indicates the instruments will move up and down together as it is mostly expected with volume and price. So the Correlation Coefficient Indicator aims to display when the price and volume (on balance volume) is in correlation and when not. With this study blue represent positive correlation while orange negative correlation. The strength of the correlation is determined by the width of the bands, to emphasis the effect horizontal lines are drawn with values set to 0.5 and -0.5. the values above 0.5 (or below -0.5) shows stronger correlation. Chaikin Money Flow , provide optionally as a companion indicator The Chaikin money flow indicator (CMF) is a volume indicator that measures the money flow volume over a chosen period. The money flow volume is a measure of the volume and where the price closed relative to the trading session’s range. It comes from the idea that buying pressure is indicated by a rising volume and recurrent closes in the upper part of the session’s price range while selling pressure is demonstrated by an increasing volume and repeated closes in the lower part of the price range. Both buying and selling pressures are accompanied by an increase in volume, but the location of the closing prices are in accordance with the direction of price Special thanks to @InvestCHK and @hjsjshs , who have enormously contributed while preparing this study related studies: 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
Penunjuk Pine Script®
oleh dgtrd
129
Momentum Adjusted EMA TrendThe script draws a moving average which responds to trend changes extraordinary fast! It's calculated using Momentum, Acceleration and Probability (Psychological Effect) by interfering the Golden Ratio! I got the idea thanks to Tradingview user DGT (dgtrd) and his/her excellent descriptions. The indicator is simplified for users and the default settings work great, so use it as you like specially as a trend indicator.
Penunjuk Pine Script®
oleh informanerd
7
Simplified Crypto Fear & Greed DisplayA more simplified view of a Fear & Greed index. This script has been made public because it uses Trading Psychology - Fear & Greed Index by DGT as the basis/inspiration for it. I've re-imagined the visuals in order to display F&G data differently to the more traditional versions of the indicator floating around, as well as adapting it's calculations and reference assets for use with Crypto markets. It's aim is to show the current status / mindset of market participants at a quick glance. When there is a lot of fear in the market it is usually a good time to look for buying opportunities. On the flip side you can use it to spot selling opportunities when there is too much greed / FOMO in the markets. This indicator has the option for Traditional and Crypto markets. The Traditional option uses the tickers VIX and GOLD as part of it's calculations, where as Crypto uses BVOL24H and BTC.D in order to base it's decisions off of more relevant data. There are also 10 levels of smoothing so play around with that to get the desired result. Depending on the asset you are looking at, smoothing of 1 or 2 may work much better than 5+ Have a play around, customize it, use it and let me know what you think.
Penunjuk Pine Script®
oleh CryptoProTools
5