MA Strategy Emperor insiliconotThe Script offers 9 different EMAs with 14 different MA types.
The make use of the script is to find the entry on the 1-4 hour altcoins while using the in-built 13/21 crossover strategy to be used in sync with Heikin Ashi cross-over with Fib levels of 0.236 Fib level.
How to use it.
Entry is to be made when the
1. Cross over gives a P(Positive Sign) and the candle completely closes above the cross-over
2. When the Heikin Ashi turns green and the next green HA candle goes above the previous green HA candle.
3. The price should be at-least above the 0.236 Level from the Swing high.
All the Best.
EmperorBTC
Cari dalam skrip untuk "Heikin Ashi"
MrBS:Directional Movement Index [Trend Friend Strategy]This goes with my MrBS:DMI+ indicator. I originally combined them into one, but then you cannot set alerts based on what the ADX and DMI is doing, only strategy alerts, so separate ones have more flexibility and uses.
Indicator Version is found under "MrBS:Directional Movement Index " ()
//// THE IDEA
The majority of profits made in the market come from trending markets. Of course there are strategies that would say otherwise but for the majority of people, THE TREND IS YOUR FRIEND (until the end). The idea is to follow the trend, entering once it has established its self and exiting positions when the trend weakens. This strategy gives a rough idea of the returns produced from following purely the ADX signals. At first Heikin Ashi values were used for the calculation but the results show it's not that effective. The functionality to switch between calculation types has been left in, so we can uses HA candle data to generate signals from while looking at an OHLC chart, if we want to experiment. Due to the way strategies work, we are unable to get reliable results when running the strategy on the HA chart even if we are calculating the signals from the real OHLC values. It is best to always run strategies on standard charts.
When using this strategy, I look for confirmation of the signal based on stochastic (14:3:6) direction, reversal level of stochastic, and divergance, to add confidence and adjust position size accordingly. I am going to try and code some version of that in future updates, if anyone can help or has suggestions please drop me a message.
//// INDICATOR DETAILS
- The default settings are for optimized Daily charts, for 4 hour I would suggest a smoothing of 2.
- The default values used for calculation are the Real OHLC, we can change this to Heikin Ashi in the menu.
- The strategy enters a position when ADX crosses the threshold level, and closes the position when ADX starts to fall.
- There is a signal filter in the form of a 377 period Hull Moving Average, which the price must be above or bellow for long and short positions respectively.
- The strategy closes the position when a cross-under of the ADX and its 4 period EMA. This is an attempt to stay into positions longer as sometimes the ADX will fall for 1 bar and then keep rising, while the overall trend is strong. The downside to this is that we exit trades later and this affects our max drawdown.
HA StudyShows trends based on 1W and 3D heikin ahsi candles and moving averages crossing next possible close prediction on 1W and 3D heiking ashi candles
Heiken Ashi Triangles at the Top and Bottom of ScreenHeiken Ashi Triangles at the Top and Bottom of Screen
The image below shows the comparison to actual Heiken Ashi candles
(Though changing from candles to Heiken Ashi tends to smooth the triangles a little)
Heiken Ashi BF Heiken Ashi candles help us to identify a trend.
This strategy simply enters a long when the Heiken Ashi candles turn green and a short when they turn red.
Because of the way BTC price moves in medium term trends, this simple strategy seems effective.
There is a rate of change function applied to avoid some of the choppy sideways action (thanks again to kiasaki for the code)
There is a 2% fixed stop loss applied and an optional take-profit setting. You can change both in the settings.
As you can see from the code, this strategy does not enter trades based on the Heiken Ashi closes, rather the actual price close. This is an important distinction since the HA closes are based on an average of the OHLC values so attempting to enter at that price may not always be possible. There are some "strategies" that use this information to try and con people by appearing to have awesome entries that are actually not attainable in all cases.
Green = Long
Red = Short
White = No trade
Up Down Alerts with MA Control - v2.0this update is meant for use with regular candles, but it will mimic the color pattern of heikin ashi candles and allow alerts based on the heikin ashi patterns. Also there are alerts for when the price is above a set moving average.
was going to just update the original script but there are a lot of changes to make it smoother etc, original script:
[TH] Adaptive Trend : StrategyAdaptive Trend : Strategy
*** It should be used with 'heikin ashi' chart ***
Super Trend
Basically, it is super trend strategy ( Rajandran R Supertrend )
- My idea is,
1. (scale) Factor of super trend is related with sensitivity of Up/Down trend change
2. Constant Factor cause failure of super trend strategy when market prices variance is low ( ie. high Factor ==> miss short trend )
3. By using variance measure ( like BollingerBand ) as a varying Factor, maybe we can catch short trend and long trend together
Loss Cut
The silver thick line is loss cut line & silver background means exit position status
I found that silver background is appear usually when price moves horizontally
1. It is set to open price of actual position entry ( heikin ashi chart's open price = loss cut line = (open + close)/2 )
2. If position is long
==> loss cut is executed when low price is lower than loss cut line
==> re-entry when low price is higher than loss cut line
3. If Position is short
==> loss cut is executed when high price is higher than loss cut line
==> re-entry when high price is lower than loss cut lin
Scalping PullBack Tool R1 by JustUncleLDescription
This study project is a Scalping Pullback trading Tool that incorporates the majority of the indicators needed to analyse and scalp Trends for Pull Backs and reversals on 1min, 5min or 15min charts. The set up utilies Heikin Ashi candle charts. Incorporated within this tool are the following indicators:
1. Major industry (Banks) recognised important EMAs in an EMA Ribbon:
Green = EMA89
Blue = EMA200
Black = EMA633
2. The 36EMA (default) High/Low+Close Price Action Channel (PAC).
3. Fractals
4. HH, LH, LL, HL finder to help with drawing Trend lines and mini Trend Lines.
5. Coloured coded Bar high lighting based on the PAC:
blue = bar closed above PAC
red = bar closed below PAC
gray = bar closed inside PAC
red line = EMA36 of bar close
Setup and hints:
Set the chart to Heikin Ashi Candles.
Add "Sweetspot Gold10" indicator to the chart as well to help with support and resistance finding and shows where the important "00" and "0" lines are.
When price is above the PAC(blue bars) we are only looking to buy as price comes back to the PAC
When price is below the PAC(red bars), we are only looking to sell when price comes back to the PAC
What we’re looking for when price comes back into the PAC we draw mini Trendlines utilising the Fractals and HH/LL points to guide your TL drawing.
Now look for the trend to pull back and break the drawn TL. That's is when we place the scalp trade.
So we are looking for continuation signals in terms of a strong, momentum driven pullbacks (normally short term 10-20 pips) of the EMA36.
The other EMAs are there to check for other Pullbacks when EMA36 is broken.
Other than the SweetSpot Gold10 indicator, you should not need any other indicator to scalp the pullbacks.
References:
Fractals V8 by RicardoSantos
Price Action Trading System v0.3 by JustUncleL
SweetSpot Gold10 R1 by JustUncleL
www.swing-trade-stocks.com
www.forexstrategiesresources.com
CM_Pivot Points Daily To IntradayNew Pivots Indicator With Options for Daily, 4 Hour, 2 Hour, 1 Hour, 30 Minute Pivot Levels!
Great for Forex Traders! - Take a Look at Chart with Weekly, Daily, and 4 Hour levels. Weekly Pivots Indicator is separate - Link is Below.
Plot one Pivot Level or Multiple at the Same Time via Check Boxes in the Inputs tab.
Defaults to 4 Hour Pivot Levels - Adjust in Inputs Tab.
S3 and R3 are turned off by Default - You can Activate Them In The Inputs Tab.
These Intraday Options were Requested By Users Using My CM_ Pivots Point Custom Indicator that Plots Daily, Weekly, Monthly, Quarterly, and Yearly Pivot Levels. Link is Below.
Now Both Longer-Term Traders and Shorter Term Traders Have All The Pivot Levels They Need. From Yearly Levels All The Way Down to 30 Minute Levels!
***The Candles On The Chart Are Custom Heikin-Ashi Paint Bars. Link is Below
CM_ Pivot Points Custom
Daily, Weekly, Monthly, Quarterly, Yearly Pivot Levels
Heikin-Ashi Paint Bars
Bolton-Tremblay IndexThe Bolton-Tremblay Index (BOLTR) is a dynamic cumulative advance-decline indicator which incorporates the count of unchanged issues as a fundamental element. This index serves as a valuable tool for identifying shifts in market trends and gauging the overall strength or weakness of the market. To enhance its effectiveness and reveal underlying trends, BOLTR has been refined through a Heiken-Ashi transformation, resulting in a smoother and more insightful representation.
Calculation and Methodology:
r = (adv - dec) / unch
var float bt = na
bt := r > 0 ? nz(bt ) + math.sqrt(math.abs(r)) : nz(bt ) - math.sqrt(math.abs(r))
The BOLTR index is derived from a calculation involving three essential components: advancing issues (ADV), declining issues (DEC), and securities with unchanged closing prices (UNC). By formulating the ratio (ADV - DEC) / UNC, BOLTR captures the relationship between market movements and unchanged securities. This ratio then dictates whether the BOLTR index increases or decreases in the following period. If the ratio is positive, the index advances, and if negative, it retreats. This iterative process yields a cumulative index that reflects the evolving dynamics of market trends.
Heiken-Ashi Transformation:
The addition of a Heiken-Ashi transformation imparts a smoothing effect to the BOLTR index, revealing the underlying trend with greater clarity. This transformation diminishes noise and fluctuations, making it easier to identify meaningful shifts in market sentiment and overall market health.
Utility and Use Cases:
-The Bolton-Tremblay Index offers a range of applications that contribute to informed decision-making-
1. Trend Analysis: BOLTR provides insights into the changing trends of the market, helping traders and investors identify potential shifts in market sentiment.
2. Market Strength Assessment: By considering advancing, declining, and unchanged issues, BOLTR offers a comprehensive assessment of market strength and potential weaknesses.
3. Divergences: Traders can use BOLTR to detect divergences between price movements and the cumulative advance-decline dynamics, potentially signaling shifts in market direction.
The Bolton-Tremblay Index offers a versatile toolset for interpreting market trends, evaluating market health, and making better informed trading decisions.
See Also:
- Other Market Breadth Indicators-
Stepped Heiken Ashi Moving Average w/ Jurik Filtering [Loxx]Stepped Heiken Ashi Moving Average w/ Jurik Filtering is a Heiken Ashi moving average with Jurik Filtering and stepping by pips. This can be used as a moving average channel.
What is Jurik Volty used in the Juirk Filter?
One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive.
What is the Jurik Moving Average?
Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.
Included:
Toggle fill color
Toggle bar color
Toggle candles
MTF Heiken Ashi (No Repaint)Hi there. This indicator is inspired by Heiken Ashi MTF (by @jdmonto0).
The problem with that indicator was that it repaints and I tried to solve that.
I figured that the reason the other version repaints was because the heiken ashio calculation is based on the close of the candle, and since the higher timeframe candle hasn't closed yet, the value of previous candles on a lower timeframe can change.
This version bases the calculation on the previous bar, which solves the repainting problem.
Please tell me what you think about it.
Bull Bear Power VoidThere are a million oscillators out there based on volume. My biggest problem with them is that they simply tell you whether you have volume to the upside or volume to the down side. it's kind of tricks you with the lack of information into thinking you have a change in your trend or that you're going to be able to break out of a range across a moving average or through some trend line or support and resistance.
However many of these Oscillators are failing because they lacked to tell you one key thing. they tell you that you have volume but they never tell you if it's enough volume.
Even a popular indicator like the MACD can have its MACD Line crossing upwards over the signal, telling you that you have an uptrend but again it's still failing to give you the results of how much volume you have and is it enough volume in that crossover. It boils down to the one key fact that with out volume there is no momentum. This should be able to make trading crossovers a lot easier.
So in today's video I'm going to show you the newest addition to the trading View Community Scripts and it is called,
"The Bull Bear Void Volume Oscillator"
From my own testing, this oscillator can predict weather the next candle will get you the move you need or not.
In the markets you cannot have anything good without volume. after you have volume you have momentum. you cannot have momentum without volume and this is the key thing that causes people to fail when they look for breakouts, trend reversals, or if they're wondering whether this move is a fake out.
This indicator is based on the study volume spread analysis or VSA.
This indicator is designed to be paired perfectly with the Heiken Ashi Algo oscillator.
www.INSERTA-LINK-HERE.com
This indicator is strictly to be used as a confirmation indicator and not to be used by itself to tell you when to buy or sell.
what are its parts.
The void
is a bullish and bearish Cloud that appear extending from the center of words and the center down words. This is the average range of volume. anything that appears to close inside of this void is usually a ranging volume and it is not enough to break the trend or break out.
The MACD and MACD Signal Line
Just like using the macd these two lines indicate whether the trend is moving up for the trend is moving down
The Colored Columns
RED Column - Indicates volume movie downward
Light Red - indicates volume is pulling back from a downward move
Green - indicates volume is moving upwards
Light Green - indicates volume is moving down from an outboard move
Rules for a SELL CONFIRMATION TRADE
The macd line must be underneath the signal line and the macd line must be below the midline.
A bullish column must appear below the midline and it must extend outside of the red void.
if you are using the heikin-ashi Aldo oscillator you must also have a red heiken Ashi candle close below -10.
To do a by trade you simply reverse the rules.
Fourier Extrapolation of Variety Moving Averages [Loxx]Fourier Extrapolation of Variety Moving Averages is a Fourier Extrapolation (forecasting) indicator that has for inputs 38 different types of moving averages along with 33 different types of sources for those moving averages. This is a forecasting indicator of the selected moving average of the selected price of the underlying ticker. This indicator will repaint, so past signals are only as valid as the current bar. This indicator allows for up to 1500 bars between past bars and future projection bars. If the indicator won't load on your chart. check the error message for details on how to fix that, but you must ensure that past bars + futures bars is equal to or less than 1500.
Fourier Extrapolation using the Quinn-Fernandes algorithm is one of several (5-10) methods of signals forecasting that I'l be demonstrating in Pine Script.
What is Fourier Extrapolation?
This indicator uses a multi-harmonic (or multi-tone) trigonometric model of a price series xi, i=1..n, is given by:
xi = m + Sum( a*Cos(w*i) + b*Sin(w*i), h=1..H )
Where:
xi - past price at i-th bar, total n past prices;
m - bias;
a and b - scaling coefficients of harmonics;
w - frequency of a harmonic ;
h - harmonic number;
H - total number of fitted harmonics.
Fitting this model means finding m, a, b, and w that make the modeled values to be close to real values. Finding the harmonic frequencies w is the most difficult part of fitting a trigonometric model. In the case of a Fourier series, these frequencies are set at 2*pi*h/n. But, the Fourier series extrapolation means simply repeating the n past prices into the future.
This indicator uses the Quinn-Fernandes algorithm to find the harmonic frequencies. It fits harmonics of the trigonometric series one by one until the specified total number of harmonics H is reached. After fitting a new harmonic , the coded algorithm computes the residue between the updated model and the real values and fits a new harmonic to the residue.
see here: A Fast Efficient Technique for the Estimation of Frequency , B. G. Quinn and J. M. Fernandes, Biometrika, Vol. 78, No. 3 (Sep., 1991), pp . 489-497 (9 pages) Published By: Oxford University Press
The indicator has the following input parameters:
src - input source
npast - number of past bars, to which trigonometric series is fitted;
Nfut - number of predicted future bars;
nharm - total number of harmonics in model;
frqtol - tolerance of frequency calculations.
Included:
Loxx's Expanded Source Types
Loxx's Moving Averages
Other indicators using this same method
Fourier Extrapolator of Variety RSI w/ Bollinger Bands
Fourier Extrapolator of Price w/ Projection Forecast
Fourier Extrapolator of Price
Loxx's Moving Averages: Detailed explanation of moving averages inside this indicator
Loxx's Expanded Source Types: Detailed explanation of source types used in this indicator
Heiken Ashi Smoothed Net VolumeThis indicator attempts to use Heiken Ashi calculations to smooth the Volume net histogram indicator by RafaelZioni. Long above zero line, short below zero line.
Modified Smoothed Heiken AshiThis code is based on Smoothed HA candle which will work on all chart types
condition for BUY:
1. When close crosses Smoothed HA
2.Close should be in side upper band
3.BBW must be greater than the average
vice versa for sell
this code takes data from HA chart so that it can be applied on all chart type.
Bollinger band and Bollinger band width conditions added for removal of unwanted signals
Alert added so that you can apply alert and check it in real time performance
thanks to The Secret Mindset You tube channel from where I got the idea to convert this into a pine script indicator
smooth HA taken from "Smoothed Heiken Ashi Candles v1" at //@jackvmk
HeikinAshi Fibonacci Retracement v2It draws Fib retracements based on the highest high measured when HeikinAshi candles are green, and lows based on when HeikinAshi candles are red.
The idea is that you can see the fib retracements based on HeikinAshi trends on a larger timeframe to help trade in smaller timeframes.
for v2 I reset the fib trace when a new high is set and also at the second green heikin candle. And I only show the last 20 bars of fib lines to avoid confusion and focus on the current trade.
Happy trading!
Gidra's Vchain Strategy v0.1Tested on "BTC/USD", this is a reversible strategy
If the RSI is lower than "RSI Limit" (for last "RSI Signals" candles) and there were "Open Color, Bars" green Heiken Ashi candles - close short, open long
If the RSI is higher than 100-"RSI Limit" (for last "RSI Signals" candles) and there were "Open Color, Bars" red Heiken Ashi candles - close long, open short
- timeframe: 5m (the best)
RSI Period = 14
RSI Limit = 30
RSI Signals = 3
Open Color = 2
Piramiding = 100
Lot = 100 %
- timeframe: 1h
RSI Period = 2
RSI Limit = 30
RSI Signals = 3
Open Color = 2
Piramiding = 100
Lot = 100 %
Multi-Chart Widget [LuxAlgo]The Multi-Chart Widget tool is a comprehensive solution crafted for traders and investors looking to analyze multiple financial instruments simultaneously. With the capability to showcase up to three additional charts, users can customize each chart by selecting different financial instruments, and timeframes.
Users can add various widely used technical indicators to the charts such as the relative strength index, Supertrend, moving averages, Bollinger Bands...etc.
🔶 USAGE
The tool offers traders and investors a comprehensive view of multiple charts simultaneously. By displaying up to three additional charts alongside the primary chart, users can analyze assets across different timeframes, compare their performance, and make informed decisions.
Users have the flexibility to choose from various customizable chart types, including the recently added "Volume Candles" option.
This tool allows adding to the chart some of the most widely used technical indicators, such as the Supertrend, Bollinger Bands, and various moving averages.
In addition to the charting capabilities, the tool also features a dynamic statistic panel that provides essential metrics and key insights into the selected assets. Users can track performance indicators such as relative strength, trend, and volatility, enabling them to identify trends, patterns, and trading opportunities efficiently.
🔶 DETAILS
A brief overview of the indicators featured in the statistic panel is given in the sub-section below:
🔹Dual Supertrend
The Dual Supertrend is a modified version of the Supertrend indicator, which is based on the concept of trend following. It generates buy or sell signals by analyzing the asset's price movement. The Dual Supertrend incorporates two Supertrend indicators with different parameters to provide potentially more accurate signals. It helps traders identify trend reversals and establish trend direction in a more responsive manner compared to a single Supertrend.
🔹Relative Strength Index
The Relative Strength Index is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between 0 and 100 and is typically used to identify overbought or oversold conditions in a market. Traditionally, RSI values above 70 are considered overbought, suggesting that the asset may be due for a reversal or correction, while RSI values below 30 are considered oversold, indicating potential buying opportunities.
🔹Volatility
Volatility in trading refers to the degree of variation or fluctuation in the price of a financial instrument, such as a stock, currency pair, or commodity, over a certain period of time. It is a measure of the speed and magnitude of price changes and reflects the level of uncertainty or risk in the market. High volatility implies that prices are experiencing rapid and significant movements, while low volatility suggests that prices are relatively stable and are not changing much. Traders often use volatility as an indicator to assess the potential risk and return of an investment and to make informed decisions about when to enter or exit trades.
🔹R-Squared (R²)
R-squared, also known as the coefficient of determination, is a statistical measure that indicates the proportion of the variance in the dependent variable that is predictable from the independent variable(s). In other words, it quantifies the goodness of fit of a regression model to the observed data. R-squared values range from %0 to %100, with higher values indicating a better fit of the model to the data. An R-squared of 100% means that all movements of a security are completely explained by movements in the index, while an R-squared value of %0 indicates that the model does not explain any of the variability in the dependent variable.
In simpler terms, in investing, a high R-squared, from 85% to 100%, indicates that the stock’s or fund’s performance moves relatively in line with the index. Conversely, a low R-squared (around 70% or less) indicates that the fund's performance tends to deviate significantly from the movements of the index.
🔶 SETTINGS
🔹Mini Chart(s) Generic Settings
Mini Charts Separator: This option toggles the visibility of the separator lines.
Number Of Bars: Specifies the number of bars to be displayed for each mini chart.
Horizontal Offset: Determines the distance at which the mini charts will be displayed from the primary chart.
🔹Mini Chart Settings: Top - Middle - Bottom
Mini Chart Top/Middle/Bottom: Toggle the visibility of the selected mini chart.
Symbol: Choose the financial instrument to be displayed in the mini chart. If left as an empty string, it will default to the current chart instrument.
Timeframe: This option determines the timeframe used for calculating the mini charts. If a timeframe lower than the chart's timeframe is selected, the calculations will be based on the chart's timeframe.
Chart Type: Selection from various chart types for the mini charts, including candles, volume candles, line, area, columns, high-low, and Heikin Ashi.
Chart Size: Determines the size of the mini chart.
Technical Indicator: Selection from various technical indicators to be displayed on top of the mini charts.
Note : Chart sizing is relative to other mini charts. For example, If all the mini charts are sized to x5 relative to each other, the result will be the same as if they were all sized as x1. This is because the relative proportions between the mini charts remain consistent regardless of their absolute sizes. Therefore, their positions and sizes relative to each other remain unchanged, resulting in the same visual representation despite the differences in absolute scale.
🔹Supertrend Settings
ATR Length: is the lookback length for the ATR calculation.
Factor: is what the ATR is multiplied by to offset the bands from price.
Color: color customization option.
🔹Moving Average Settings
Type: is the type of the moving average, available types of moving averages include SMA (Simple Moving Average), EMA (Exponential Moving Average), RMA (Root Mean Square Moving Average), HMA (Hull Moving Average), WMA (Weighted Moving Average), and VWMA (Volume Weighted Moving Average).
Source: Determines what data from each bar will be used in calculations.
Length: The time period to be used in calculating the Moving Average.
Color: Color customization option.
🔹Bollinger Bands Settings
Basis Type: Determines the type of Moving Average that is applied to the basis plot line.
Source: Determines what data from each bar will be used in calculations.
Length: The time period to be used in calculating the Moving Average which creates the base for the Upper and Lower Bands.
StdDev: The number of Standard Deviations away from the Moving Average that the Upper and Lower Bands should be.
Color: Color customization options for basis, upper and lower bands.
🔹Mini Chart(s) Panel Settings
Mini Chart(s) Panel: Controls the visibility of the panel containing the mini charts.
Dual Supertrend: Toggles the display of the evaluated dual super trend, based on the super trend settings provided below the option. The definitions for the options are the same as stated above for the super trend.
Relative Strength Index: Toggles the display of the evaluated RSI, based on the source and length settings provided below the option.
Volatility: Toggles the display of the calculated Volatility, based on the length settings provided below the option.
R-Squared: Toggles the display of the calculated R-Squared (R²), based on the length settings provided below the option.
🔶 LIMITATIONS
The tool allows users to display mini charts featuring various types of instruments alongside the primary chart instrument. However, there's a limitation: the selected primary chart instrument must have an ACTIVE market status. Alternatively, if the primary chart instrument is not active, the mini chart instruments must belong to the same exchange and have the same type as the primary chart instrument.
Alert on Candle CloseAlert on Candle Close is a simple indicator allowing you to set alerts when a candlestick closes.
Instructions for use
From the chart window, click on "Indicators" and search for "Alert on Candle Close".
Click on "Alert on Candle Close" to add the indicator to your chart. Click on the star icon to add it to your favourites to easily access later.
Set your chart timeframe to the timeframe you wish to alert on. For example, to create an alert when a 4h candlestick closes, set your chart to the "4h" timeframe.
Hover over the "Alert on Candle Close" indicator which has been added to your chart and click the ellipsis "..." icon, then click "Add alert on Alert on Candle Close" or use the keyboard shortcut "Alt+A" from the chart.
In the alert pop-up window, make sure "Condition" is set to "Alert on Candle Close" and "Trigger" is set to "Once Per Bar".
Optionally, you can set a custom expiry for the alert, give the alert a name and customise the alert message. You can configure notification settings from the "Notifications" tab.
Click "Create" and your alert is set up!
Each alert is tied to the timeframe and chart it was created on, so you can change the timeframe or asset and create more alerts by repeating the above process.
Note : this indicator is only designed to work with time-based chart types, such as Bars, Candles or Heikin Ashi. It will not work for non-time charts such as Renko.
FAQs
Why do my alerts sometimes not fire as soon as the candle closes?
This is a limitation with Pine Script's execution model. Indicators are calculated whenever a price or volume change occurs i.e. when a new trade happens. For illiquid or slow moving markets, there may be some time between when a candle closes and the next trade, leading to a delay in the alert triggering. The alert will trigger on the next tick of data on the chart.
Why can't I create more alerts?
TradingView has a limit on the number of active technical alerts you can have based on your membership tier. To configure more alerts, consider upgrading your TradingView plan to a higher tier. See a comparison of TradingView plans at www.tradingview.com
My alert only fired once, how can I get it to keep working?
When configuring the alert in the alert pop-up window, make sure you set "Trigger" to "Once Per Bar" and "Expiration" to "Open-ended alert".
MrBS:Directional Movement Index [Trend Friend]I started this project with the goal of making a DMI/ADX that was easy to read at a glance. Its since become a little more then just colouring the slopes. The majority of the time, the best returns come from trending markets (THE TREND IS YOUR FRIEND... until the end) and I hope this helps people become good friends with the trends.
----- Features
- A function to change the values used for calculation from real OHLC and Heikin Ashi. This allows us to look at different chart types but see the specific ADX we choose. Originally HA values were used for calculation since it is easier to see trend on HA charts. However when testing it was not as effective as the ADX calculated from the real values on normal charts. So the default function was flipped and real OHLC values are used as default.
- Two ADX plots so we can see two different smoothness's. With a smoothing of 2, a slight slow down in PA can cause a negative slope but the smoother ADX will stay trending unless its a major change. 2nd ADX is slightly transparent.
- There is an EMA of the main ADX that can be used as a exit signal filter. If the ADX starts going down but has not crossed the EMA we would stay in a trade.
- Plots (excluding EMA) are coloured based on positive or negative slopes.
- Fibonacci numbers have been used to create different trend levels, instead of the standard 25, 50, 100.
- Alerts for every useful situation to help save time and not have to manually enter levels or crosses each time.
- In the code there are 8 EMAs and 3 ADXs but it was too much so they have been slashed out, but are fully functional if you choose to activate and use them. To reactivate the 3rd ADX delete slashes on lines 50, 65, 78, 92-95, 165. The slashed out EMAs are much more obvious and easy to reactivate.
Colours:
ADX going up = Green
ADX going down = Red
DMI+ going up = Bright Aqua
DMI+ going down = Turquoise / Dark Aqua
DMI- going up = Bright Purple
DMI- going down = Dark Purple
EMA = White (50% transparent)
If there is anything that would be useful, let me know and I will add it in. I've already got some improvements/changes planned and some of my notes can be found in the code.
There is also a strategy to go with this indicator that will be uploaded very soon.
BarbwireThis indicator looks for where market momentum is waning.
It uses Heikin-Ahi for that.
Heikin-Ashi averages the Open and Close prices, so the entity is not compressed as often as candles.
Using this characteristic, the continued compression of the entity is indicated as a decline in the market.
Settings:
Period - The degree of compression is calculated as a stochastic-like percentage. Specify the period to be used for the calculation.
Level (%) - If it is smaller than this number, it is assumed to be compressed.
Minimum period - The agreement shall be valid if it has been continued for at least this period.
CSRS v2Candlesticked RSI v2 for price action traders!
See the True Momentum.
6 chart type, smooth RSI , add signal lines, find divergences, special alerts
This is 2nd version with major upgrade
Improved and more powerful
fully customizable.
features:
See RSI in 6 type of chart(Candles, Hollow Candles, Siwi Candles, Heikin Ashi, HL Bar, Line)
Monitor Up to 3 RSI , each one at desired resolution, source and length
Smooth each one of chart separately to remove noises
Add up to 3 signal line to primary chart in your desired source and type( SMA , EMA , WMA , HMA )
Find divergences which has special parameters
Gradient color adjustment of line chart
Add alert for reaching to important levels and detected divergences
