Pi - Intraday High-Low Predictor
Pi - Intraday High-Low Predictor
This is not my Strategy/Research , I've just coded it into a indicator.
I found it interesting & useful so I'm sharing it here.
This Strategy/Research is by Kshirod Chandra Mohanty ( y-o-u-t-u-b-e : Trade with IITIAN )
You can watch his video on y-o-u-t-u-b-e for more info on this one.
the video has following title :
"1Cr Paid Strategy For Free || 10000 Subscribers Special Giveaway || How to find Day High or Low"
This will not tell you which is day high or day low, but it will help you to predict the day high from a day low and day low from a day high.
It will give you a possible range to which the prices could move to.
He has explained/used this on Banknifty.
How to Find out Day High from Day Low & Day Low from Day High :-
He uses the value of Pi (3.14) and the Range of 1st 5minute candle to find out the possible highs from day low and the possible lows from day high.
Range = value of Pi * 1st 5minutes Range
Small range = Range / 2
Large range = Range + Small range
so to find out the possible lows from day high we do following calculations
Small range low = day high - Small range
Range low = day high - Range
Large range low = day high - Large range
and to find out the possible highs from day low we do following calculations
Small range high = day low + Small range
Range high = day low + Range
Large range high = day low + Large range
Note :- This Indicator does Repaint in following ways,
As the script uses the Day High to predict the possible lows ,
so if it's an up-trending day and price keeps on making new High's then the ranges for lows will keep on changing.
similarly the script uses the Day Low to predict the possible high's ,
so if it's an down-trending day and price keeps on making new Low's then the ranges for highs will keep on changing.
My observations / thoughts about this :-
This script does not provide buy/sell recommendations. it just provides possible ranges to where prices can go from Day-High & Day-Low.
It's better to avoid trading when the price is trading between the Small range high & Small range low levels.
As it has high probability that it will be a range bound day and price will stay in between those two levels.
There is a high probability that it will be a trending day if price breaks either the Small range high/low ,
then the price could move to Range low/high.
If price breaks from Range High/Low then there is a high probability that it will be a trending day and the price could move to Large Range low/high.
Note :- If you want to use this on instruments/scripts/indexes which are active for large session such as forex/cryptos , then i suggest that you use the Opening Range period of 4Hours i.e 240minutes, to get better results.
using the default setting of 5minutes will not give good results on them.
play around with this value to find out which one suits that instrument/script/index the best.
Don't trust these levels blindly, do backtest or live testing of this then use for real trade if you want.
Use Price action near these levels to make any trading decision's.
The script provides following options :
1. Option to display Ranges in a Table (which you can enable/hide as you wish)
You can set the Table's location, size , background color & text color according to your preference.
2. Option to enable/hide Predicted-Highs from Day-Low on chart.
3. Option to enable/hide Predicted-Lows from Day-High on chart.
4. Option to set the Opening range period - here you can select your preferred opening range for calculation purpose.
5. Option to enable/hide historical levels on chart.
6. Options to customize the colors & line styles for lines.
7. Options to customize the colors , position & size for labels.
Cari dalam skrip untuk "THE SCRIPT"
Volume Weighted Pivot Point Moving Averages VPPMAAs traders and investors, we are constantly on the lookout for tools that can assist us in making informed decisions. While there are countless technical analysis tools available, sometimes even small, simple scripts can provide valuable insights. In this post, we will explore the Volume-Weighted Pivot Point Moving Average (PPMA) Indicator – a modest yet helpful script that could potentially enhance your trading experience.
Background
// © peacefulLizard50262
//@version=5
indicator("PPMA", overlay = true)
vppma(left, right)=>
signal = ta.change(ta.pivothigh(high, left, right)) or ta.change(ta.pivotlow(low, left, right))
var int count = na
var float sum = na
var float volume_sum = na
if not signal
count := nz(count ) + 1
sum := nz(sum ) + close * volume
volume_sum := nz(volume_sum ) + volume
else
count := na
sum := na
volume_sum := na
sum/volume_sum
left = input.int(50, "Pivot Left", 0)
plot(vppma(left, 0))
The Concept Behind PPMA Indicator
The Volume-Weighted Pivot Point Moving Average (PPMA) Indicator is a straightforward technical analysis tool that aims to help traders identify potential market turning points and trends. It does this by calculating a moving average based on price and volume data while considering pivot highs and pivot lows. The PPMA Indicator is designed to be more responsive than traditional moving averages by incorporating volume into its calculations.
Understanding the Script
The script is compatible with version 5 of the TradingView Pine Script language, and it features an overlay setting, allowing the indicator to be plotted directly onto the price chart. The customizable pivot left input enables traders to adjust the sensitivity of the pivot points.
The script first identifies pivot points, which are areas where the price changes direction. It then calculates the volume-weighted average price (VWAP) of each trading period between the pivot points. Finally, it plots the PPMA line on the chart, providing a visual representation of the volume-weighted average prices.
Using the PPMA Indicator
To use the PPMA Indicator, simply add the script to your TradingView chart. The indicator will plot the PPMA line directly onto the price chart. You can adjust the pivot left input to modify the sensitivity of the pivot points, depending on your preferred trading style.
When the PPMA line is trending upward, it may indicate a potential bullish trend. Conversely, a downward-trending PPMA line could suggest a bearish trend. The PPMA Indicator can be used in conjunction with other technical analysis tools to confirm potential trend changes and to establish entry or exit points for trades.
Conclusion
While the Volume-Weighted Pivot Point Moving Average (PPMA) Indicator may not be a game-changer, it is a modest yet helpful tool for traders looking to enhance their technical analysis. By incorporating volume into its calculations, the PPMA Indicator aims to provide more responsive signals compared to traditional moving averages. As with any trading tool, it is crucial to conduct your own analysis and combine multiple indicators before making any trading decisions.
Market Sessions - By LeviathanA simple indicator to help you keep track of 4 market sessions (default: Tokyo, London, New York, Sydney) in 4 different visual forms (boxes, timeline, zones, colored candles) with many other useful tools.
You can choose between 4 different market sessions. The default ones are Tokyo, London, New York and Sydney but you can easily customize the times, names and colors to make the script plot any session you need. Sessions can be viewed in 4 different ways: boxes, zones, timelines, or just colored candles, all with customizable appearances. You can make your chart cleaner by merging sessions overlaps, choosing a custom lookback period and also picking between various additional settings such as viewing session High/Low or Open/Close change in % or pips, hiding weekends, viewing the Open/Close Line to identify session’s direction and 0.5 level to see session’s “Equilibrium” and much more. More updates with interesting tools will be added in the future.
Note: The script will plot the correct default Tokyo, London, New York and Sydney sessions automatically, your chart/Tradingview app timezone does not matter! If you wish to tweak the open/close times of sessions, just make sure you input them in UTC (but even this can be changed later in the settings)
Settings Overview
SESSIONS
- You can show/hide Tokyo Session, rename it, change the color and set up start/end time.
- You can show/hide London Session, rename it, change the color and set up start/end time.
- You can show/hide New York Session, rename it, change the color and set up start/end time.
- You can show/hide Sydney Session, rename it, change the color and set up start/end time.
* Keep in mind that you can fully change and customize these sessions and therefore create any other sessions or a zone you wish to display.
ADDITIONAL TOOLS AND SETTINGS
1. “Change (Pips)” - this will add the pip distance between Session High and Session Low or the pip distance between Session Open and Session Close to the session label.
2. “Change (%)” - this will add the percentage distance between Session High and Session Low or the percentage distance between Session Open and Session Close to the session label.
3. “Merge Overlaps” - this will merge the overlapping sessions and show only one at a time (end of Tokyo is moved to start of London, the end of London is moved to the start of New York, end of New York is moved to start of Sydney and end of Sydney is moved to start of Tokyo).
4. “Hide Weekends” - this will prevent the script from plotting sessions over the weekend when the markets are closed.
5. “Open/Close Line” - this will draw a line from the session open to the session close (or current price, if session is ongoing).
6. “Session 0.5 Level” - this will draw a horizontal line halfway between the session’s high and the session’s low.
7. “Color Candles” - this will color the bars/candlesticks with the color of the session in which they occurred.
8. Display Type” - Choose between three different ways of session visualization (Boxes, Zones and Candles).
9. “Lookback (Days)” - this input tells the script to only draw sessions for X days back (1 = one day).
10. “Change (%/Pips) Source) - this is where you choose the source of “Change (Pips)” and ”Change (%) ” labels. Picking “Session High/Low” will show you the change between Session High and Session Low and picking “Session Open/Close” will show you the change between Session Open and Session Close.
11. “Input Timezone” - this defines the timezone of the session start/end inputs (you don’t have to change this unless you know what you’re doing)
Make sure to read future update logs to keep track of the most recent additions and settings of this script.
Box generation code inspired by Jos(TradingCode), session box visuals inspired by @boitoki's FX Market Sessions
TPO Profile with Day StatFirst of all I want to Thank @noop42 for creating this wonderful Market Profile chart in Pine script
I have made some changes to this scripts
This Script can auto calculate the TPO Size for NSE Symbols and MCX Crude oil.
This Script Will only calculate the TPO's for visible range only so that the script use less heap size.
I have added some of the day Statistics to enhance your visualization.
Limitations of this Script
Currently This Script can Plot Market Profile Chart only for Historical Data.
It Can only Plot Market Profile Charts in 30-Mins Time Frame only so that you can't use it for Composite Profile Analysis.
To plot Market Profile Chart in Real Time and Historical please use "Market Profile With TPO by Drother"
[ChasinAlts] Best Volatility Indicator I hope you all enjoy this one as it does a great job at finding runners I did try to search for an example script to reference for quite a while when i first dreamt up this idea bc needed assistance implementing it. This script in particular was one that I began long ago but got put on the back-burner because I couldn't figure out how to implement the flow of logic until I came across a library titled 'Conditional Averages' and published by the “Pinecoders" account. Thus, the logic in this code is partially derived from that () . To understand what the functions/logic do in the beginning of the 'Functions'' section, you must understand how TV presents it's data through the charts.
Wether on the 1sec TF or the 1day (or ANY other), the only time TV prints a bar/candle is when a trade occurs for that asset (i.e. a change in volume). Even if Open=Close on the same candle, the candle will print with the updated price. The % of candles printed out of the TOTAL possible amount that COULD HAVE been printed is the ultimate output that’s calculated in the script. So, if the lookback setting=10min on the 1min TF and only 7 out of the last 10 candles have printed then the value will appear as 70(%). There are MANY benefits to using this method to measure volatility but its vital to recall that the indicator does nothing to provide the direction of future price movement. One thing I’ve noticed is that when a coin is just beginning it’s ascent and its move is considerably larger/longer than all the other coins OR the plots angle is very steep, it is usually the end of a move and the direction is about to abruptly reverse, continuing with it’s volatility. As volatility increases more and more the plot gets brighter and brighter…and also vise versa.
The settings are as follows:
1) which set of Kucoin’s Margin Coins to use (8 possible sets with 32 coins in each set).
2) input how many minutes ago to start counting the total printed candles from (i.e. if setting is input as 1440, count begins from exactly 24hrs(1440min) ago to present candle.
3) there are 3 different lines to choose from to be able to plot:
i. ‘Includes Open==Close’ = adds to count when bar prints but price does NOT change (=t1)
ii. ‘Does NOT include Open==Close’ = count ONLY updates upon price movement (=t2)
iii. ‘Difference’ = (( t1 - t2 ) / t1 ) *100
*** I’ve got some more great ones I will be uploading soon. Just have to create a description for them
Peace out,
- ChasinAlts
Bar Count for BacktestingHello!
Not much special about this script; you can use date & time, or bar count, to ascertain the number of bars in a time period for backtesting.
This script can be used in conjunction with large scripts incorporating complex intricacies that won't load on 20,000+ bar data sets.
If your script's load time transcends the TV allotted load time - use this script to quickly determine the number of bars in the data set.
Through trial & error you should be able to determine the approximate number of bars your script can execute on without exceeding the imposed time limit!
The image above shows a user-defined time window and, consequently, the script returns the number of bars that constitute the time period.
You can drag the white vertical lines to efficiently configure the calculated time period.
The image above shows functionality for the "Bars Back" feature.
Enjoy!
Wolfe Scanner (Multi - zigzag) [HeWhoMustNotBeNamed]Before getting into the script, I would like to explain bit of history around this project. Wolfe was in the back of my mind for some time and I had several attempts so far.
🎯Initial Attempt
When I first developed harmonic patterns, I got many requests from users to develop script to automatically detect Wolfe formation. I thought it would be easy and started boasting everywhere that I am going to attempt this next. However I miserably failed that time and started realising it is not as simple as I thought it would be. I started with Wolfe in mind. But, ran into issues with loops. Soon figured out that finding and drawing wedge is more trickier. I decided will explore trendline first so that it can help find wedge better. Soon, the project turned into something else and resulted in Auto-TrendLines-HeWhoMustNotBeNamed and Wolfe left forgotten.
🎯Using predefined ratios
Wolfe also has predefined fib ratios which we can use to calculate the formation. But, upon initial development, it did not convince me that it matches visual inspection of Wolfe all the time. Hence, I decided to fall back on finding wedge first.
🎯 Further exploration in finding wedge
This attempt was not too bad. I did not try to jump into Wolfe and nor I bragged anywhere about attempting anything of this sort. My target this time was to find how to derive wedge. I knew then that if I manage to calculate wedge in efficient way, it can help further in finding Wolfe. While doing that, ended up deriving Wedge-and-Flag-Finder-Multi-zigzag - which is not a bad outcome. I got few reminders on Wolfe after this both in comments and in PM.
🎯You never fail until you stop trying!!
After 2 back to back hectic 50hr work weeks + other commitments, I thought I will spend some time on this. Took less than half weekend and here we are. I was surprised how much little time it took in this attempt. But, the plan was running in my subconscious for several weeks or even months. Last two days were just putting these plans into an action.
Now, let's discuss about the script.
🎲 Wolfe Concept
Wolfe concept is simple. Whenever a wedge is formed, draw a line joining pivot 1 and 4 as shown in the chart below:
Converging trendline forms the stop loss whereas line joining pivots 1 and 4 form the profit taking points.
🎲 Settings
Settings are pretty straightforward. Explained in the chart below.
.b pin-up symbolWhen trading cryptocoins, it is necessary to check the price trend of NASDAQ, BTC.D, BTC.OI, BTC spot or other coins of similar groups.
However it is very cumbersome to put a comparison symbol in the Tradingview chart and combine individual indicators one by one.
Moreover even with such a combination, the chart is messy and visibility is not good.
This script was developed as a composite-solution to that situation, and will make you happy.
- NQ1!, USTECH100CFD | symbol fixed
- BTC.Dominance, BTC.OpenInterest, BTC symbol, others pin-up-symbol | selectable
- Pin-up-symbol | selectable
- Pin-up-symbol's candle chart
- Trending
* EMA 9,21,50,200 ribbon classic EMA
* .b price line ; .b price = unique trending price with price-action + relative-volume-action + ATR
* Dynamic S/R Cloud ; BB + donchian band + high/low + atr mixed custom-logic
* VWWMA + .b price Shadow ; Volume-weighted WMA on .b price = unique MA faster than classic VWMA
Trending shadow direction is not bad even on low-timeframe (1, 2, 3, 5m, 15m...)
- Pattern
* Harmonic Pattern ; A simplified version of the harmonic pattern indicator, simply show-up pattern complete position
for reference only - adopted from HeWhoMustNotBeNamed's script.
- Information Panel
* BTC Dominance, BTC Open Interest, Pin-Up-Symbol price
* Trend meter ; 5,15,30,1h,2h,4h Meter Calc with 1 minute-timeframe candles
5 = Green if the current price is higher than the price 5 minutes ago.
1h = Green if the current price is higher than the price 2 hours ago.
4h = Red if the current price is lower than the price 4 hours ago.
* caution ; To use real-time chart of "CME_MINI:NQ1!" you have to additional subscribe CME data,
default setting is 'NQ1!' , you can change to 'USTECH100CFD'
* When you choose symbol which is closed trading hours, the script's update stopped.
Even if the selected pin-up-symbol is on trading hours, the currently selected symbol's chart doesn't update.
* recommended | chart setting > Appearance : Top margin 0%, Bottom margin 0% for optimized screen usage :)
if you have any questions freely contact to me by message on tradingview, or telegram @sr_bt
but please understand that responses may be quite late.
------------------------------------------------------------------------------------------------------------------------------------------------------------
copyright 2022 (sr_b)
Special thanks to all of contributors of community.
The script (originaly .b) may be freely distributed under the MIT license.
The other classic script code also may be freely distributed under the MIT license.
Simplified Harmonic script part | core adopted from 'Multi ZigZag Harmonic Patterns (HeWhoMustNotBeNamed)' MPL2.0 license
Market Bias (CEREBR)Hello Everyone. I hope you are all doing great. It's been a long time since I posted my first script here, and I got a lot of response from that.
So, I thought I should share this script also to everyone, and anyone that may find it useful. Personally, I use it to tell the general market conditions.
Here's how I works : The script tries to determine the overall direction of the market, using smoothed Heiken Ashi candles. The coloring system (using bright and dark colors) is an attempt to detect strong market and weak market conditions. There's also an oscillator within the script, but for now it isn't plotted. Credits to @jackvmk, I used part of his open-script code in this indicator.\
I have considered using the slope of the indicator plot as a filter for ranging market conditions. The plot goes relatively flat in 'flat' markets. However, I have not done anything about that yet. Maybe some other time.
I hope you find this useful. If you find a way to use this, please share it with the community in the comment section.
NOTE: THIS IS BY NO MEANS FINANCIAL ADVICE. You'll have to make your studies and come up with a way to apply this indicator to your trading style and strategy.
By the way, I would be going with the name 'CEREBR' for any subsequent scripts I release from now on.
Happy Trading, guys.
ICT Fair Value Gap [LM]Hello traders,
I would like to present you ICT Fair Value Gap script. The idea is the same as in my other script to look form imbalances. I have improved the previous script from teaching of ICT and created this script to train the eye to see those gaps. Shrinking option also shows if the gap has been already filled and also in case gap is filled you can get alert in case you will set it up .
The script has two settings:
general settings - definition of volatility condition for middle candle
box settings - setting for boxes, box colors, shrinking
I hope you enjoy it,
Lukas
Oscillators Overlay w/ Divergencies/Alerts by DGTAn oscillator is a technical analysis tool that, simply said, gauge momentum, determine market trend direction and duration. For some oscillators, fluctuations are bounded by some upper and lower band, and traders use them to discover short-term overbought or oversold conditions.
Oscillators are often combined with moving average indicators to signal trend breakouts or reversals
Histogram, is the difference between the oscillator and signal lines, which oscillates above and below a center line and is used as a good indication of an asset's momentum
What to look for
- Signal Line Crossover is the most common signal produced by the oscillators
- Zero Line Crossovers have a very similar premise to Signal Line Crossovers
- Divergence , when the oscillator and actual price are not in agreement, is another signal created by the oscillators
- Overbought and Oversold , with any range-bound oscillator, conditions are a primary signal generated
Oscillators Overlay study
* Presents oscillators on top of the mian chart (price chart)
* A single indicator for many well known and custom oscillators
* Divergence detection
* Alerts for various condtions
The list of oscillators included;
- Awesome Oscillator (AO)
- Chaikin Oscillator (Chaikin Osc)
- Commodity Channel Index (CCI)
- Distance Oscillator
- Elder-Ray Bear and Bull Power
- Elliott Wave Oscillator (EWO)
- Klinger Oscillator
- Money Flow Index (MFI)
- Moving Average Convergence Divergence (MACD)
- Rate Of Change (ROC)
- Relative Strength Index (RSI)
- Stochastic (Stoch)
- Stochastic RSI (Stoch RSI)
- Volume Oscillator (Volume Osc)
- Wave Trend
In technical analysis, investors find oscillators to be important technical tools and consider them more effective when used in conjunction with other means of technical analysis
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 constitutes professional and/or financial advice. You alone 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
The Rush
█ OVERVIEW
This script shows when buyers are in a rush to buy and when sellers are in a rush to sell
═════════════════════════════════════════════════════════════════════════
█ CONCEPTS
Prophet Mohamed Peace be upon Him once said something similar to this "It is not advisable to trade if you do not know the
Volume".
In his book "The Day Trader's Bible - Or My Secret In Day trading Of Stocks", Richard D. Kickoff wrote in page 55
"This shows that there was only 100 shares for sale at 180 1/8, none at all at 180f^, and only 500 at 3/8. The jump from 1 to 8 to 3/8
Emphasizes both the absence of pressure and persistency on the part of the buyers. They are not content to wait patiently until they can
Secure the stock at 180^/4; they "reach" for it."
This script was inspired by these two great men.
Prophet Mohamed Peace be upon Him showed the importance of the volume and Richard D. Kickoff explained what Prophet
Mohamed Peace be upon Him meant.
So I created this script that gauge the movement of the stock and the sentiments of the traders.
═════════════════════════════════════════════════════════════════════════
• FEATURES: The script calculates The Percentage Difference of the price and The Percentage Difference of the volume between
two success bullish candles (or two success bearish candles) and then it creates a ratio between these two Percentage
Differences and in the end the ratio is compared to the previous one to see if there is an increase or a decrease.
═════════════════════════════════════════════════════════════════════════
• HOW TO USE: if you see 2 or more successive red bars that mean bears are in hurry to sell and you can expect a bearish trend soon
if the Market Maker allows it or later if the Market Maker wants to do some distribution.
if you see 2 or more successive green bars that mean bulls are in hurry to buy and you can expect a bullish trend soon if the Market
Maker allows it or later if the Market Maker wants to do some accumulation.
═════════════════════════════════════════════════════════════════════════
• LIMITATIONS:
1- Use only Heikin Ashi chart
2- Good only if volume data is correct , meaning good for a centralized Market. (You can use it for forex or
crypto but at your own risk because those markets are not centralized)
═════════════════════════════════════════════════════════════════════════
• THANKS: I pay homage to Prophet Mohamed Peace be upon Him and Richard D. Kickoff who inspired the creation of this
Script.
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Z Score (Close + High and Low bands)Basic z score with High and Low bands.
If z is positive = uptrend.
If z is negative = downtrend.
If z > +3 or z < -3 = reverse is possible.
H lines can act as a support/resistance.
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
The Strat Numbers & CombosThis indicator is an all-in-one " The Strat " script. This script displays the following:
The Strat candle numbers (1's, 2's, & 3's)
The Strat Combo labels along with trigger line
Pivot Machine Gun ( PMG ) dynamic labels
Hammer & Shooter candle labels
The Strat Candle Numbers label each candle, on any timeframe, either a 1, 2, or 3. 1's are inside bars of the previous candles. 2's take out only one side of the previous candle. And 3's go outside both sides of the previous candle.
The Strat Combo labels (which are made of the 1's, 2's, 3's outlined above) display labels when a Strat Combo occurs. The script displays a label, direction arrow, and trigger line for each Strat Combo. This indicator finds the following Strat Combos:
2-1-2 bullish reversal (BLR)
2-1-2 bullish continuation (BLC)
3-1-2 BLR
3-2-2 BLR
1-2-2 rev strat BLR
2-2 BLR
2-1-2 bearish reversal (BRR)
2-1-2 bearish continuation (BRC)
3-1-2 BRR
3-2-2 BRR
1-2-2 rev strat BRR
2-2 BRR
Double inside candles
The Pivot Machine Gun (PMG) labels any 5 or more consecutive candles that make higher lows or 5 or more consecutive candles that make lower highs. A PMG can continue going in its direction or it can reverse and come back through the range. The logic in this indicator dynamically finds each level in a PMG and draws a line for easy identification.
The script also identifies if the candle type is a Hammer, Inverted Hammer, Shooting Star, or Hanging Man. These candle types are highly likely reversal points in price action.The indicator will plot a shape with a color coded icon identifying the candle. The distance between the shape and the candles can be manually adjusted in the inputs section.
This indicator has many style options . The user can independently toggle on/off the Strat numbers, boxes around the Strat Combos, and Hammer and Shooter shapes. Also all of the colors used in this script can be changed from the inputs section, so a user can easily change colors to match their current color scheme.
TradingGroundhog - Fundamental Analysis - Multiple RSI Ema(Script Available Version of my previous Fundamental Analysis - Multiple RSI Ema )
As the number of crypto currencies is expanding, we need to find the one which will boom in the next months, weeks or even days.
Therefore, I present to you a Fundamental Analysis tool based on RSI built in order to compare the RSI between the diverse cryptocurrencies.
When cryptocurrencies start to trend, become active, minable and especially "buyable", people are investing their money into them.
As a result,the Daily RSI rises and the price of the crypto in question increases steadily.
With "Fundamental Analysis - Multiple RSI EMA" you can :
Follow up to 20 RSI from different exchanges at the same time.
Find easily Increasing/Decreasing RSI as the lines get transparent if their RSI decrease.
You can also select market with high potential of booming as :
Booming Market : 60 < Daily RSI <= 100 (Strong green background)
Potent Market : 55 < Daily RSI <= 60 (Light green background)
Sleepy Market : 50 < Daily RSI <= 55 (Light red background)
Dying Market : 0 < Daily RSI <= 50 (Strong red background)
Futur booming crypto will go from the Potent Market to the Booming Market
Can be used with the following time frames depending on the necessity:
4H
Daily (Preferred)
Weekly
Monthly
Good trades !
Disclaimer (As it should always be one to any script)
***
This script is intended for and only to be used for personal purposes only. No such information provided by it constitutes advice or a recommendation for any investment or trading strategy for any specific person. There is no guarantee presented or implied as to the accuracy of specific forecasts, projections, or predictive statements offered by the script. Users of the script agree that its original developer does not take responsibility for any of your investment decisions. Please seek professional advice before trading.
***
Argo I (alerts for 3commas single bots)This script lets users create BUY/SELL alerts for 3commas single bots in a simple way, based on a built in set of indicators that can be tweaked to work together or separately through the study settings. Indicators include Bollinger Bands, Williams %R, RSI, EMA, SMA , Market Cipher, Inverse Fisher Transform.
If the user choses to create both BUY and SELL signals from the study settings, the alert created will send both BUY and SELL signals for the selected pair. Note the script will only send alerts for the pair selected in the study settings, not for the current chart (if different).
How to use:
- Add the script to the current chart
- Open the study settings , insert bot details. Pairs MUST be in capital letters or 3commas will not recognize them.
- Still in the study settings, tweak the deal start/close conditions from various indicators until happy. The study will plot the entry / exit points below the current chart (1 = buy, 2 = sell)
- Ideally, test the settings with a backtesting script. The present script is compatible with the Trading Parrot's backtester.
- When happy, right click on the "..." next to the study name, then "Add alert'".
- Under "Condition", on the second line, chose "Any alert () function call". Add the webhook from 3commas, give it a name, and "create".
Happy tweaking!
Run TimerThis is a simple utility which counts the number of bars and time elapsed after starting the script. This can be used in time or bars based conditions to modify script behavior.
This particular script does the following:
Starts timer when script is added to chart
Timer is green when starting and continues to be in green if the right Auth key is used in input (Which is hardcoded as 1234 here)
If right auth key is not provided in the input, timer background turns red after trial bars.
Script can be modified to use elapsed time instead.
Thanks to @Bjorgum on assisting on few calculations :)
QFL base scannerThis script is a simple implementation of a QFL (Quickfingers Luc) base scanner.
This QFL base scanner uses a different approach to some other QFL base scanners that are on TradingView. Other TradingView scripts look for a candlestick pattern of two lower lows followed by two higher lows combined with an increase in volume. This can generate some unexpected results where some minor dips can meet the pattern and are marked as a base, but some major dips do not and are ignored.
This QFL base scanner instead looks for the lowest low in a given period and marks it as a base. The longer the period of the lowest low, the more significant the bases will be. Buys are marked when the price has bounced x% above the base and then fallen y% below the base. This approach seems to give more predictable (and tradable) results.
If looking at the past script results, you may think that the script is perfectly timing entry points at the bottom of market dips. This is NOT the case. The script is actually showing buy signals when the price falls y% below the PREVIOUS base. The current base is only retrospectively marked some periods later once the reversal is confirmed. New bases are not tradeable using this script, but a percentage fall from the previous base is.
Enjoy.
Auto Fib Time Zones and Trend-Based Fib Time by DGTFibonacci time zones, based on the Fibonacci number sequence, are vertical lines that represent potential areas where a swing high, low, or reversal could occur.
Trend-Based Fib Time shows probable price corrections in an existing trend. A useful tool to use in addition to Elliot Wave counting, Fib Time helps to identify how far the wave is likely to travel
Please note, Time zones aren't concerned with price, only time
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
Cup FinderHello All,
This script finds the Cups and you can use it while analysing the symbols. it creates circle and channel for the potential Cups and checks the number of bars included by the channel, if included bars is equal or greater than the value you set then it shows the cup.
The Options:
"Number for Bars to search" : Maximum length of a Cup
"Channel Width of the Cup" : Tate by the channel width of highest/lowest levels in last 300 bars, by default it's 5%
"Check for Breakout" : if there is Cup then it checks Close or High/Low is used a source for breaokuts, usuful while cheking historical bars
"Contained Bar Rate %" : after channel is created the script checks number of bars included by the channel of the Cup, you can set rate of included bars by this option
"S how Channels of Cups ": if you enable this option then you can see the channels around the Cups and set it as you wish
and there are some other options for labeling/removing old Cups and for coloring
Here you can see how channel looks like:
Cup with different colors:
P.S. This is an experimental work and sorry for no explanation in the script.
in the future if I have time I will try to write a script for Cup&Handle
This script is also an example to calculate and draw circles :)
Enjoy!
Logging in Pine ScriptI'm building quite a lot of pretty complicated indicators/strategies in Pine Script. Quite often they don't work from the 1 try so I have to debug them heavily.
In Pine Script there are no fancy debuggers so you have to be creative. You can plot values on your screens, check them in the data window, etc.
If you want to display some textual information, you can plot some info as labels on the screen.
It's not the most convenient way, so with the appearance of tables in Pine Script, I decided to implement a custom logger that will allow me to track some useful information about my indicator over time.
Tables work much better for this kind of thing than labels. They're attached to your screen, you can nicely scale them and you can style them much better.
The idea behind it is very simple. I used few arrays to store the message, bar number, timestamp, and type of the message (you can color messages depend on the type for example).
There is a function log_msg that just append new messages to these arrays.
In the end, for the last bar, I create the table and display the last X messages in it.
In parameters, you can show/hide the entire journal, change the number of messages displayed and choose an offset. With offset, you can basically scroll through the history of messages.
Currently, I implemented 3 types of messages, and I color messages according to these types:
Message - gray
Warning - yellow
Error - red
Of course, it's a pretty simple example, you can create a much fancier way of styling your logs.
What do you think about it? Is it useful for you? What do you use to debug code in Pine Script?
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and the script don’t provide any financial advice.
WatermarkLook in the lower-left corner of this chart. If you load the script on your chart, you will see how the watermark animates. You can personalize it in the script's "Settings/Inputs" tab to use it in your chart snapshots.
Do keep in mind that if you use it when publishing ideas, videos or scripts, House Rules prohibit advertising on your chart.
For Pine coders
This script uses our new table feature in Pine to position a watermark on the chart, and the new varip type of variable to animate it.
Look first. Then leap.
Quantumvest - Auto LevelsAuthor: Arthur Wayne
Description: This script automatically plots levels according to Primetime Trading Academy guidelines.
Directions:
On the monthly chart, you should select two significant monthly support/resistance levels and input them into the script. It is recommended to mark these levels with the price label tool.
The script will then automatically plot 2 monthly 'wings' or additional monthly support/resistance levels above and below the original monthly high and low that are the same distance apart. Located half way in between the monthly levels, there will be weekly support/resistance levels. None of the values will go below 0. These levels should then be used on lower time-frames for technical analysis.
There is the option to customize the number of monthly wings, the width of the box surrounds the monthly s/r levels, the x-position of the level labels, as well as the colors for everything.
The biggest drawback is that levels will not save in between charts. This is a limitation of Pine Script and how TradingView does not offer the ability to create custom drawing tools, only indicators and strategies. This is why it is recommended to use the price label tool to keep track in between charts for different assets. Regardless, this script should make the process of drawing levels manually far more efficient than it was before.
