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Color Gradient Framework [PineCoders]█  OVERVIEW This indicator shows how you can use the new color functions in Pine to generate color gradients. We provide functions that will help Pine coders generate gradients for multiple use cases using base colors for bull and bear states. █  CONCEPTS For coders interested in maximizing the use of color in their scripts, TradingView has added new color functions and new functionality to existing functions. For us coders, this translates in the ability to generate colors on the fly and use dynamic colors ("series color") in more places. New functions allow us to:  • Generate colors dynamically from calculated RGBA components ("A" is the Alpha channel, known to Pine coders as the "transparency"). See color.rgb() .  • Extract RGBA components from existing colors. See color.r() , color.g() , color.b() and color.t() .  • Generate linear gradients between two colors. See color.from_gradient() . Improvements to existing color/plotting functions allow more flexible use of color:  • plotcandle() now accepts a "series color" argument for its `wickcolor` and `bordercolor` parameters.  • plotarrow() now accepts a "series color" argument for its `colorup` and `colordown` parameters. Gradients are not only useful to make script visuals prettier; they can be used to pack more information in your displays. Our gradient #4 goes overboard with the concept by using a different gradient for the source line, its fill, and the background. █  OUR SCRIPT The script presents four functions to generate gradients: f_c_gradientRelative(_source, _min, _max, _c_bear, _c_bull) f_c_gradientRelativePro(_source, _min, _max, _c_bearWeak, _c_bearStrong, _c_bullWeak, _c_bullStrong) f_c_gradientAdvDec(_source, _center, _c_bear, _c_bull) f_c_gradientAdvDecPro(_source, _center, _steps, _c_bearWeak, _c_bearStrong, _c_bullWeak, _c_bullStrong) The relative gradient functions are useful to generate gradients on a source that oscillates between known upper/lower limits. They use the relative position of the source between the `_min` and `_max` levels to generate the color. A centerline is derived from the `_min` and `_max` levels. The source's position above/below that centerline determines if the bull/bear color is used, and the relative position of the source between the centerline and the max/min level determines the gradient of the bull/bear color. The advance/decline gradient functions are useful to generate gradients on a source for which min/max levels are unknown. These functions use source advances and declines to determine a gradient level. The `f_c_gradientAdvDec()` version uses the historical maximum of advances/declines to determine how many correspond to the strongest bull/bear colors, making its gradients adaptive. The `f_c_gradientAdvDecPro()` version requires the explicit number of advances/declines that correspond to the strongest bull/bear colors. This is useful when coloring chart bars, for example, where too many gradient levels are difficult to distinguish. Using the Pro version of the function allows you to limit the number of gradient levels to 5, for example, so that transitions are fewer, but more obvious. The `_center` parameter of the advance/decline functions allows them to determine which of the bull/bear colors to use. Note that the custom `f_colorNew(_color, _transp)` function we use in our script should soon no longer be necessary, as changes are under way to allow color.new() to accept series arguments. Inputs The script's inputs demonstrate one way you can allow users to choose base bull/bear colors. Because users can modify any of the colors, only two are technically needed: one for bull, one for bear, as we do for the configuration of the bull/bear colors for the background in the gradient #4 configuration. Providing a few presets from which users can choose can be useful for color-challenged script users, but that type of inputs has the disadvantage of not rendering optimally in all OS/Browser environments. You can use the inputs to select one of eight gradient demonstrations to display. █  THANKS Thanks to the PineCoders team for validating the code and description of this publication. Thanks also to the many TradingView devs from multiple teams who made these improvements to Pine colors possible. Look first. Then leap.
Penunjuk Pine Script®
oleh PineCoders
38
Raff Regression Channel by DGTRᴀꜰꜰ Rᴇɢʀᴇꜱꜱɪᴏɴ Cʜᴀɴɴᴇʟ (RRC) This study aims to automate Raff Regression Channel drawing either based on ZigZag Indicator or optionally User Preference The Raff Regression Channel , developed by Gilbert Raff, is based on a linear regression, which is the least-squares line-of-best-fit for a price series, with evenly spaced trend lines above and below . The width of the channel is set by determining the high or low that is the furthest from the linear regression. Because the channel distance is based off the largest pullback or highest peak within a trend, for effectively drawing and using a Raff Regression Channel it is recommend/required that a Raff Regression Channel is applied to “mature” trends. Knowing this requirement, for better automated drawing results this study benefits from the Zig Zag Indicator, where the Zig Zag indicator is used to help identify price trends and changes in price trends. Option to manually adjust lengths for drawing a Raff Regression Channel is also made available. Using a Raff Regression Channel Once The Raff Regression Channel is drawn, covering an existing trend, Exᴛᴇɴꜱɪᴏɴ Lɪɴᴇꜱ are drawn to identify ᴛʜᴇ ꜱᴜᴘᴘᴏʀᴛ﹐ʀᴇꜱɪꜱᴛᴀɴᴄᴇ ᴏʀ ʀᴇᴠᴇʀꜱᴀʟ ᴘᴏɪɴᴛꜱ The trend is up as long as prices rise within this channel. An uptrend may be reversing (not always, but likely) when price breaks below the channel extension . The trend is down as long as prices decline within the channel. Similarly, a downtrend may be reversing (not always, but likely) when price breaks above the channel extension . Moves outside the channel extensions can be indication of a reversal or can denote overbought or oversold conditions For further details please refer to education post Raff Regression Channel █  FEATURES     - AUTO or MANUALLY adjusted Raff Regression Channel and Channel Extentions drawing     - ALERTs, for Linear Regression Line, Raff Regression Upper and Lower Channel Extentions     - LSMA , Least Squares Moving Average, in other words Linear Regression Curve █  SETTINGS Setting Loopback and Number of Bars are the most important part for The Raff Regression Channel, where ;     - Lookback, defines where the Raff Regression Channel is starting, it is recommended to set to a trend begining     - Number of Bars, defines how many bars to be assumed for calculation, or simply stated the end of the Raff Regression Channel drawing (not extentions but the main channel, extentions by default will be drawn till the last bar) Setting of Loopback and Number of Bars is performed eigher automatically based on Zig Zag indicator or users may prefer to set them manually. If selected automatically then     - Deviation and Depth values of Zig Zag indicator are used for calculations (enabling visually plotting of ZigZag Lines will help to identify better visually the points), where ; Deviation, is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to become a new pivot. Depth, affects the minimum number of bars that will be taken into account when building Short-term traders may wish to apply the channel to small waves of a trend so they can reduce the value of the Deviation and Depth █  OTHER CHANNEL CONSEPTS Linear Regression Channels, , what linear regression channels are? and linear regression channel/curve/slope study Fibonacci Channels, how to apply fibonacci channels and automated fibonacci channels study Andrews’ Pitchfork, how to apply pitchfork and automated pitchfork study Special Thanks to @Kiss66000 for his kind suggestion, je vous remercie beaucoup @Kiss66000 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
47
Auto PitchFan, Fib Extension/Retracement and ZigZag by DGT Aᴜᴛᴏ PɪᴛᴄʜFᴀɴ, Fɪʙ Exᴛᴇɴꜱɪᴏɴ/Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛ ᴀɴᴅ ZɪɢZᴀɢ This study aim to automate PitchFan drawing tool and combines it with Fibonacci Extentions/Retracements and ZigZag. Common setting options, applied to all components of the study     Deviation , is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to become a new pivot. Increasing its value is one way to get higher timeframe Levels     Depth , affects the minimum number of bars that will be taken into account when building     Historical PitchFan / Fibonacci Levels option will allow plotting of PitchFan / Fibonacci Levels on previous Pivot Highs/Lows █  PɪᴛᴄʜFᴀɴ — is a set of rays spreading out of the point of a trend's beginning. These rays inclined with the coefficients formed by a Fibonacci number sequence. It is recommended to adjust the Pitchfan plottings to fit after the first wave of the trend has passed and the correction has clearly begun. PitchFan rays corresponding to Fibonacci levels appear on a chart and represent inclined lines of support and resistance. Price areas near these rays are estimated areas from which the price can turn around or make a significant rebound. The whole logic of working with a pitchfan is based on one simple idea - if the price has bounced off the level, then the correction is likely to end, and the trend will continue. If the price has broken the first resistance, you should wait for the next level test     - Automatically plots PitchFan Rays, based on Pivot Lows/Highs.     - Ability to set ALERTs for each PitchFan Ray Level     - PitchFan Labels displays the price of the line at the last bar, the price value will be recalculated in each new bar Please check the link provided below with the educational post of how to apply pitchfork, application of pitchfan is same keeping in mind the recommendation stated above █  Fɪʙ Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛs / Exᴛᴇɴꜱɪᴏɴꜱ Fibonacci retracements is a popular instrument used by technical analysts to determine support and resistance areas. In technical analysis, this tool is created by taking two extreme points (usually a peak and a trough) on the chart and dividing the vertical distance by the key Fibonacci coefficients equal to 23.6%, 38.2%, 50%, 61.8%, and 100%. Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel AFTER a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse. IMPORTANT NOTE: Fibonacci extensions option may require to do further adjustment of the study parameters for proper usage. Extensions are aimed to be used when a trend is present and they aim to measure how far a price may travel AFTER a retracement/pullback. I will strongly suggest users of this study to check the education post for further details where to use extensions and where to use retracements     - Automatically plots possible Support and Resistance levels, based on Pivot Lows/Highs.     - Ability to set ALERTs for each Fibonacci Extension/Retracement Level     - Labels displays the level and the level price █  Zɪɢ Zᴀɢ — The Zig Zag indicator is used to help identify price trends and changes in price trends. The Zig Zag indicator plots points on a chart whenever prices reverse by a percentage greater than a Deviation variable. Straight lines are then drawn, connecting these points. The Zig Zag indicator serves base for PitchFan and Fibonacci Retracements / Extensions █  OTHER PitchFan is often used in combination with the other indicators and/or drawing tools such as Fibonacci Retracement, Fibonacci Channels, Fibonacci Time Zone and others. It allows identify the most powerful areas from which price can turn and to get more accurate trading signal Andrews’ Pitchfork, how to apply pitchfork and automated pitchfork study Fibonacci Fans, how to apply fibonacci fans and automated fibonacci speed and resistance fans study Fibonacci Extension / Retracement, where to use extensions and where to use retracements and automated fibonacci extension / retracement / pivot points study Others Fibonacci Channels, how to apply fibonacci channels and automated fibonacci channels study Linear Regression Channels, , what linear regression channels are? and linear regression channel/curve/slope study 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
72
V2_Major_Trend_FinderThis script is a major trend following script. The calculations use Keltner Channels, moving averages and RSI. The indicator is simple to follow: Green Candlesticks indicate more bullish momentum expected Red Candlesticks indicate more bearish momentum expected blue dots are possible long ideas due to RSI oversold Orange dots are possible short ideas due to RSI overbought olive line is a one year moving average The script is open for those looking for deeper understanding of the script. Many Regards Sulaiman
Penunjuk Pine Script®
oleh SimpleChartsLLC
Market Structure (Nephew_Sam_)This indicator consists of 3 features: 1. Plots label to the right for current market structure 2. Plots dashed line to show where the next market structure would be 3. Draws arrows above/below historical market structure breaks This might get a little to noisy in ranging markets or lower timeframes but it does the job. Credits to @SimpleCryptoLife for the source code. This script is take from the indicator "True Market Structure" which is created by the above mentioned user Copyright rules for reusing the script: // == COPYRIGHT == // Script by @SimpleCrpytoLife. This script is open-source. // --> If you use ideas from it, you don't need to ask or give credit to me. // --> If you copy code out of here to adapt for your own script, it must be open-source. You don't need to ask permission, just credit @SimpleCryptoLife.
Penunjuk Pine Script®
oleh nephew_sam_
18
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
Matrix functions - JD///////////////////////////////////////////////////////////////////////////////////////////////////////////////// // The arrays provided in Pinescript are linear 1D strucures that can be seen either as a large vertical stack or // a horizontal row containing a list of values, colors, bools,.. // // With the FUNCTIONS in this script the 1D ARRAY LIST can be CONVERTED INTO A 2D MATRIX form // // /////////////////////////////////////////// /// BASIC INFO ON THE MATRIX STRUCTURE: /// /////////////////////////////////////////// // // The matrix is set up as an 2D structure and is devided in ROWS and COLUMNS. // following the standard mathematical notation: // // a 3 x 4 matrix = 4 columns // 0 1 2 3 column index // 0 // 3 rows 1 // 2 // row // index // // With the use of some purpose-built functions, values can be placed or retrieved in a specific column of a certain row // this can be done by intuitively using row_nr and column_nr coördinates, // without having to worry on what exact index of the Pine array this value is located (the functions do these conversions for you) // // // the syntax I propose for the 2D Matrix array has the following structure: // // - the array starts with 2 VALUES describing the DIMENSION INFORMATION, (rows, columns) // these are ignored in the actual calculations and serve as a metadata header (similar to the "location, time,... etc." data that is stored in photo files) // so the array always carries it's own info about the nr. of rows and columns and doesn't need is seperate "info" file! // // To stay consistent with the standard Pinescript (array and ) indexing: // - indexes for sheets and columns start from 0 (first) and run up to the (total nr of sheets or columns) - 1 // - indexes for rows also start from 0 (most recent, cfr. ) and run up to the (total nr of rows) - 1 // // - this 2 value metadata header is followed by the actual df data // the actual data array can consist of (100,000 - 2) usable items, // // In a theoretical example, you can have a matrix with almost 20,000 rows with each 5 columns of data (eg. open, high, low, close, volume) in it!!! // // /////////////////////////////////// /// SCHEMATIC OF THE STRUCTURE: /// /////////////////////////////////// // ////// (metadata header with dimensions info) // // (0) (1) (array index) //
Penunjuk Pine Script®
oleh Duyck
28
Derivative Pivot HL Points Hello. This script aims to take into account mutable variable Pivot Points' periods. While doing this, it takes the period between 2 signals that I use in the script: And these periods in my Pivot HL function integrated into len length (Mutable variables) : The cornerstone of the script is these facts. Pivot can be optimized by playing with reversal periods. These pre-formed levels can be used as Supply and Demand levels. Regards.
Penunjuk Pine Script®
oleh Noldo
10
TRM StrategyThis is a strategy version of the "True Relative Movement" script: It is virtually identical to the original script, except now you can back test different conditions and parameters. TRM has 3 different conditions:Buy (Blue Bars), Hold/Take Profit (Gray Bars), and Sell (Pink Bars). This script is only coded for Long only condition. It will exit the position when there is a sell signal, no take profit parameters are coded. The example backtest results shown are on $AAPL with a starting Capital of 10k, with each trade investing 10% of capital. I cannot show results vs buy and hold (meaning re-investing 100% of capital) as this is against house rules. However, I HIGHLY encourage you to experiment with different trade parameters, time frames, symbols and settings for TRM. You will find that certain time frames perform better under different TSI and RSI settings. The "Slower paced trader" can use the "Slow settings" for TRM ( Instructions embedded in the settings window). This will produce less signals ect.... I am personally, constantly finding different settings that work for different ETF's, symbols ect... As a discretionary trader, it is important to have a system that has an "edge". That is what the script is meant for... finding an edge to help you make sound trading decisions and help you manage risk accordingly. Enjoy, and please DO NOT hesitate to ask me any questions.
Strategi Pine Script®
oleh RolandoSantos
7
B3 Clear Method Streak CountAbout Clear Method -- to repeat my prior post on the bar painter script: This indicator is translated out of Technical Analysis of Stocks & Commodities , September 2010, (I take zero design credit). The script simply looks for the price action to break or "clear" the most recent action, and only changes the paintbar color if the action indeed clears the previous candles. Simple to use, just add to your chart from your favorites and change the colors in the UI. It does the rest. This version can replace my previous Clear Method Bar Painter as it also paints the bars. What is different is this share is a lower study that counts the streak of the bars shown via histogram. The way to use the streak is to notice the previous streaks and get a sense of how long the current trend is lasting versus prior trends of the same direction. @Tradestation recently posted their "price streak" study, and this one is quite similar in nature. Enjoy, the code open to view, _B3 d^.^b
Penunjuk Pine Script®
oleh HammondB3
11
Functions Allowing Series As Length - PineCoders FAQ█ WARNING Improvements to the following Pine built-ins have deprecated the vast majority of this publication's functions, as the built-ins now accept "series int" `length` arguments: ta.wma() ta.linreg() ta.variance() ta.stdev() ta.correlation() NOTE For an ​EMA function that allows a "series int" argument for `length`, please see `ema2()` in the ta library by TradingView . █ ORIGINAL DESCRIPTION Pinescript requires many of its built-in functions to use a simple int as their period length, which entails the period length cannot vary during the script's execution. These functions allow using a series int or series float for their period length, which means it can vary on each bar. The functions shared in this script include: Rolling sum: Sum(src,p) Simple moving average: Sma(src,p) Rolling variance: Variance(src,p) Rolling standard deviation: Stdev(src,p) Rolling covariance: Covariance(x,y,p) Rolling correlation: Correlation(x,y,p) If p is a float then it is rounded to the nearest int . How to Use the Script Most of the functions in the script are dependent on the Sma function. The Correlation function uses the Covariance and Stdev functions. Be sure you include all the required functions in your script. Make sure the series you use as the length argument is greater than 0, else the functions will return na . When using a series as length argument, the following error might appear: Pine cannot determine the referencing length of a series. Try using max_bars_back in the study or strategy function. This can be frequent if you use barssince(condition) where condition is a relatively rare event. You can fix it by including max_bars_back=5000 in your study declaration statement as follows: study("Title",overlay=true,max_bars_back=5000) Example The chart shows the Sma , Stdev , Covariance and Correlation functions. The Sma uses the closing price as input and bars as period length where: bars = barssince(change(security(syminfo.tickerid,"D",close ,lookahead=true))) The Stdev uses the closing price as input and bars + 9 as period length. The Covariance and Correlation use the closing price as x and bar_index as y , with bars + 9 as period length. Look first. Then leap.
Penunjuk Pine Script®
oleh PineCoders
29
FX Meter ScriptA while ago, we wrote* about the usefulness of using a currency strength meter and how you can build one from scratch. See here: www.globalprime.com.au Now we've taken this little project to the next level by visually spotting, via color signals in a dashboard and alerts, when a potential new trend might be developing in a currency pair. *It's critical that you first read that article before you jump into reading this one or else you could get easily lost. The script gives a trigger every time two currencies show diverging flows via opposing moving average slopes. The signals originate from a first chart where currency indexes can be found, calculated through a formula, in various thin lines. Then a moving average to each currency index is applied so that it can smooth out the lines (what I call Micro moving averages – thicker lines -) and is usually a 4-5 period MA, with the key input to pay attention being the slope. One can perform their own tests on what works best for their particular trading style. The smaller the period in the moving average, the more responsive to changes in biases but the downside is that you will get a greater number of false moves. In the windows below the 1st chart, the stochRSI is calculated for each currency index (these values originate from the currency index and not from the applied MA). By default, a 25-period is applied to both RSI and Stoch length. A 2nd chart that looks at the same logic is also accounted for to build this script, but instead of checking the micro trend, it applies a 25MA to the currency index, so it looks at what I call the slope of the macro trend. In this case, by default, a 125-period is applied to both RSI and Stoch length. We had in mind to transition from just eye-balling and monitoring these charts manually to build a script via Tradingview that makes calculations real time (whenever the change in the moving average slope first occurs, and not when the bar/line closes), so that one can decide whether or not its a signal worth trading as part of a new trend emerging. Note, this is not so much a signal-triggering indicator but rather a tool to constantly be on the lookout monitoring what currencies might start to develop trends. The actual script consists of a dashboard with different colored rectangles being triggered depending on the quality of the signal. We will be happy to discuss it further with anyone who is interested in exploiting all the benefits that it can offer. The way you add the script into your Tradingview chart is by first copy everything in the txt file. Then go to Pine editor (bottom middle-left) in your tradingview chart, delete everything there, then Paste the script. Then click Add to Chart (top right of the pine editor). Note, you should add via the Anchored Text function the following list of pairs below, in this alphabetic order, on the right-hand side of the chart, as demonstrated above: AUDCAD AUDJPY AUDNZD AUDUSD CADJPY EURAUD EURJPY EURCAD EURNZD EURGBP EURUSD GBPAUD GBPCAD GBPJPY GBPNZD GBPUSD NZDCAD NZDJPY NZDUSD USDCAD USDJPY There are only 2 rules for the script to trigger a signal (see below). However, as I will elaborate further down, there are up to 6 different colors we can grade a signal RULE 1 -> 2 moving averages, which are a calculation applied to a currency index as shown in the micro trend above, exhibit slopes in the opposite direction. RULE 2 -> The Stoch RSI cannot be in overbought conditions if the slope of the moving average points higher or in oversold if the slope points lower. Note 1: Even if the chart is a 60m timeframe by default (can be changed to any timeframe(, one gets the signal the moment the change of slope is identified, which means the indicator monitors changes in price tick by tick, and not on a candle close, otherwise one would get the trigger too late. As an example of the highest-graded signal triggering (in green), a few hours ago we were given the visual cue that GBPCAD was experiencing a change of behavior. If we crosscheck the time the green-colored trigger was given with the actual GBPCAD chart, this is what we can observe. The pair is 30p higher since the trigger. HOW TO SETUP ALERTS One can easily setup a notification window each time the above rules are met, for example, if the EUR MA slope changes to bullish, and the AUD MA slope changes to bearish, and none of the 2 currency index values corresponding to these 2 moving averages (EUR and AUD) show a stoch RSI in overbought (above 80) in the case of the EUR, or oversold (below 20) in the case of the AUD, then the notification pop up would show a customized line: Long EURAUD Note 1: Recording the slope of the macro moving average, which is usually a 25period MA applied to the currency index, is not included as part of the rules to trigger a signal, but it is taken into account to grade the quality of each signal. Note 2: I recommend each signal to be triggered once or if you prefer, simply monitor the chart visually on the change of colors via the dashboard. The calculation resets and can appear again the moment that the slope changes to the opposite direction, so it’s a very dynamic indicator that will alert you the second a pair of currencies starts trending. Note 3: When the signal is triggered, the indicator draws a colored rectangle. Each signal notification should be colored based on the following logic below. LOGIC TO QUALIFY SIGNALS -> Any long micro position with Macro MA in full agreement (ie/ Long EURAUD, Macro EUR up, Macro AUD down) is highlighted with green color -> Any long micro position with macro moving averages in partial agreement (for example Long EURAUD, Macro EUR up AUD up) is highlighted with blue color -> Any long micro position with macro moving averages in full disagreement (for example Long EURAUD, Macro EUR down AUD up) is highlighted with magenta color -> Any short micro position with macro moving averages in full agreement (for example Short EURAUD, Macro EUR down AUD up) is highlighted with red color -> Any short micro position with macro moving averages in partial agreement (for example Short EURAUD, Macro EUR up AUD up) is highlighted with orange color -> Any short micro position with macro moving averages in full disagreement (for example Short EURAUD, Macro EUR up AUD down) is highlighted with purple color PARAMETERS IN THE SCRIPT SETTINGS Overbought/oversold: One can modify the stoch RSI level from which the indicator considers the value to be in overbought or oversold conditions. As a rule of thumb, consider 20/30 for oversold and 70/80 for oversold. Slopes micro/macro MAs: One can edit the slope of the micro MA period (rule of thumb 4-5) and the macro MA (by default 25). Value StochRSI: The default inputs are K 3, D 3, RSI Length 25, Stoch Length 25 for the micro and 125 period for the macro. Change colors: One can edit the assigned colors in the signals dashboard. Timeframe applied: The indicator has the flexibility to be applied to any timeframe, not just the 60m by default. Simply change the timeframe temporality. CURRENCY INDEXES FORMULAS It is the responsibility of the user to keep the values of the indexes updated. Find a recent sample below, as per values in early April. What this means is that at least once a week, in order to not let the values outdated, you should update the script with the latest valuations in the denominator. NZD INDEX -> FX_IDC:NZDAUD/0.96+FX:NZDJPY/75.81+FX:NZDUSD/0.68+FX_IDC:NZDEUR/0.6+FX_IDC:NZDGBP/0.52+FX:NZDCHF/0.69+FX:NZDCAD/0.9 EUR INDEX -> FX:EURUSD/1.13+FX:EURJPY/125.5+FX:EURGBP/0.87+FX:EURCHF/1.135+FX:EURCAD/1.49+FX:EURNZD/1.655+FX:EURAUD/1.59 JPY INDEX -> 1/(FX:USDJPY/110.5+FX:EURJPY/125.5+FX:AUDJPY/79+FX:NZDJPY/75.5+FX:GBPJPY/144.5+FX:CHFJPY/110.5+FX:CADJPY/84) USD INDEX -> FX_IDC:USDEUR/0.88+FX:USDJPY/110.5+FX_IDC:USDGBP/0.77+FX:USDCHF+FX:USDCAD/1.315+FX_IDC:USDNZD/1.46+FX_IDC:USDAUD/1.4 CAD INDEX-> FX_IDC:CADAUD/1.07+FX_IDC:CADNZD/1.11+FX:CADJPY/84.27+FX_IDC:CADUSD/0.76+FX_IDC:CADEUR/0.67+FX:CADCHF/0.76+FX_IDC:CADGBP/0.58 GBP INDEX -> FX:GBPAUD/1.83+FX:GBPNZD/1.91+FX:GBPJPY/144.5+FX_IDC:GBPEUR/1.15+FX:GBPCHF/1.31+FX:GBPUSD/1.31+FX:GBPCAD/1.71 Remember, I have provided a manual on how to build a currency strength meter. That’s what you will need to do first if you want to obtain the actual currency indexes other than just the indicator, which is just the visual cue to get you alerted when the slopes turn. Once you’ve created your indexes via tradingview, you then apply a moving average to each index. Then apply the stochrsi 25 period to each index. For the macro trend, I make the same calculations, but the period of the MA is 25 instead of 4, while the stoch rsi is 125 periods vs 25 periods. FINAL NOTE This is a tool that should be interpreted as visual assistance, via the dashboard, to get that first cue when opposing micro slopes via the FX meter occur. However, you still need to check the technical context of the pair (levels marked, proj reached, etc.) but that first cue is a major time saver to constantly spot what's trending in FX. The permutations u can play with, as part of this script, are significant. You can tweak the timeframes you use, the periods of the moving averages, etc. I find the micro and macro trend combos when either a green or red signals is triggered the most reliable, with positions to be exploited via 15m and hourly under the right technical context.
Penunjuk Pine Script®
oleh FlowState
3
Dragon Bot - Default ScriptDragon Script is a framework to make it as easy as possible to test your own strategies and set alerts for external execution bots. The script has many features build in, like: 1) A ping/pong mechanism between longs and shorts 2) A stop-loss 3) Trailing Stops with several ways to calculate them. 4) 2 different ways to flip from long to short. The script is divided into several parts. The first part of the script is used to set all the variables. You should normally never change the first part except for the comments at the top. The second part of the script is the part where you initialise all your indicators. Several indicators can be found on Tradingview and on other sites. Please keep in mind that all the variable names used in the indicator should be unique. (all the … = … parts) The third part of the script, is the most important part of the script. Here you can create the entry and exit points. Let’s look at the OPENLONG function to explain this part: The first variables are all the possible entries; These are longentry1 till longentry5. You can add many more if you like. The variables are all initialised as being false. This way the script can set a value to true if an entry happens. The if function is the actual logic: You could say “if this is true” then (the line below the if function) longentry1 := (becomes) true. In this case we have said: “if this is true” then (the line below the if function) longentry1 := (becomes) true when the current close is larger than the close that is 1 back. The last part is the makelong_funct. This part says that if any of the entries are true, the whole function is true. The last part of the script is the actual execution. Here the alerts are plotted and the back test strategies are opened and closed. We hope you guys like it and all feedback is welcome!
Strategi Pine Script®
oleh Dragon-Bot
4
Open Interest:CME e-o-d vs CFTC e-o-wCFTC only publishes total OI on fridays, related to last Tuesday. But what happened since last Tuesday? CME Vol & Open Interest data is recorded&exported daily by quandl.com to tradingview via the che CHRIS/CME datasets www.quandl.com Eg. Nat Gas next outstanding cntract n. 20, field n. 7(OI) @quandl.com: www.quandl.com is exported @tradingview: www.tradingview.com Every outstanding contract's OI & vol is exported (black column), but not the total (yellow line): tiny.cc This script sums up all the existing outstanding contract's OI for the future (the black column), so one can have an idea of the total OI for the day (Yellow line). As numer of outstanding contracts varies from future to future,Eg: E-mini (ES) has 4 contracts, Gold(GC) 16 cntrcts, NatGas(NG) has 43, WTI(CL) has 38 etc the scrips tries to guess how many exist for it and sums them up, to have the total OI for tha day Number ofoutstanding contracts exported by quandl.com to tradingview is taken from s3.amazonaws.com There are 2 params you can enter on the script: * override the ticket symbol on the chart ,if script cannot guessit or you need a different one * enter the "preliminary" OI that is published by CME early the next day, butb not yet exported by quandl to tradingview This script is Open so anyone can copy and modifyit for its use. Please post comments and ideas if you find it useful I try to keep a log of my work here:
Penunjuk Pine Script®
oleh giancapino
4
[RESEARCH] Percentrank BugI found a bug with built-in percentrank function. Sometimes it gives unexpected and incorrect results. You can see a one of them on the chart. ALL scripts which use percentrank function are affected. No matter which version they use, no matter who is their author - ALL scripts which use this built-in function can work incorrectly. If you want to avoid this bug use _percentrank function (the "shim" ) - you can find it in the script. NOTE: Don't push on TradingView Support or Pine Core Team because they already know about this issue and work on the fix. I publish it to warn you.
Penunjuk Pine Script®
oleh everget
7
Mayer Multiple @ Current PriceThough this script is by me, the original idea comes from a podcast I heard where Trace Mayer talks about how he does crypto valuation. It is based on current price against the 200 day moving average. This indicator script will simply plot that value as a label overlayed on your trading view chart. Best long term results occur when acquiring BTC when the multiple is 2.4 or less. For more info, google "mayer multiple" This script/indicator is strictly for educational purposes. It is not exclusive to bitcoin. To get the best look out of your charts I make the following changes. 1.Apply the indicator to your chart. 2. In the tools palette of trading view, when looking at a chart, click "Show Objects Tree" the icon displayed above the trash can. In the objects tree panel, click the preferences icon for "Mayer Multiple @ Current Price" Switch "scale" to "scale Left" 3. Then for your chart preferences (right click on chart background and select "Properties", and be sure the following are checked on the "Scales" tab Left Axis Right Axis Indicator Last Value Indicator Labels Screenshots are not allowed in this view, so I can't post screenshots, but the view above is what it should look like when you are done. For anyone who wants to see the code, here is the code of the script: Use at will, and at your own risk. //@version=3 // Created By Timothy Luce, inspired by Trace Mayer's 200 Day SMA cryptocurrency valuation method study("Mayer Multiple @ Current Price", overlay=true) currentPrice = close currentDay = security(tickerid, "D", sma(close, 200)) mayerMultiple = currentPrice/currentDay plot(mayerMultiple, color=#00ffaa, transp=100) If you want to change the color, change this line: #00ffaa
Penunjuk Pine Script®
oleh midevilone
Adaptive Elliott Wave: Forecast + Dashboard (V.2)Title: Adaptive Elliott Wave: Forecast + Dashboard Description: Overview The Adaptive Elliott Wave: Forecast + Dashboard is a technical analysis tool designed to visualize potential Elliott Wave structures using a dynamic, multi-factor approach. Unlike static wave scripts, this indicator adapts its projections based on real-time trend context (Weighted Moving Averages) and momentum shifts (RSI). It is built to help traders identify the most likely path—Impulse or Correction—based on current market conditions. How It Works The script uses a combination of pivot-point detection and trend filtering to project future wave paths. Pivot Logic: The indicator identifies significant Highs and Lows using a sensitivity setting. These pivots form the "anchors" for the Elliott Wave count. Adaptive Engine: The "Auto-Detect" mode analyzes the relationship between the 50/200 WMA (Trend) and RSI (Momentum). In a Bull Trend: If RSI is oversold, the script anticipates a bullish "Impulse" wave. If RSI is overbought, it prepares for a "Correction." In a Bear Trend: The logic reverses to project rallies or downward impulses. Projections: It calculates Fibonacci-based targets for waves 1-5 (Impulse) or A-B-C/W-X-Y (Correction) and renders them as "ghost lines" that move with the price. Macro Outlook: For long-term context, the script includes a Macro Projection feature that uses higher-period pivots to show the possible 1-year direction. Key Features Target Table: A real-time dashboard showing exact Fibonacci target prices and the percentage distance from the current price. Corrective Channels: Automatically draws channels for wave corrections to help identify potential breakout or breakdown zones. Bullish/Bearish Extensions: Shows immediate volatility-based extensions beyond the last confirmed pivot. RSI Signals: Visual markers on the chart indicate overbought/oversold conditions that feed into the adaptive logic. How to Use Identify the Phase: Use the "AI STATUS" in the dashboard to see if the script is currently projecting an Impulse (Trend move) or a Correction (Counter-trend). Confirm with WMA: Use the 50 (Blue) and 200 (Orange) WMAs to confirm the macro trend before following a projection. Monitor Fib Targets: Watch for price reactions at the projected labels. If price breaks a target significantly, the wave count may need to be re-evaluated (re-pivot). Customize Sensitivity: For scalping, lower the "Short-Term Sensitivity." For swing trading, increase it. Disclaimer This script is for educational purposes only. Elliott Wave Theory is subjective, and projections are mathematical estimates based on historical volatility. Past performance does not guarantee future results. Always use proper risk management. Settings Guide Forecast Mode: Choose between "Auto-Detect" (Dynamic) or manually force an Impulse/Correction count. Macro Sensitivity: Controls how far back the script looks to generate the purple 1-year projection. Link Correction to Extension: A unique feature that starts the forecast from a potential extension target rather than the current live price.
Penunjuk Pine Script®
oleh TheTankTrades
SAl VWAP LITE SA Final VWAP — LITE (Beginner Guide) This strategy is designed to only take trades when 3 layers agree: Market posture (HTF = 1H VWAP direction) Mid confirmation (MID = 15m VWAP direction) Execution entry (your chart timeframe signal: SMA trend + VWAP + wick flip + RSI) It’s built to avoid chop by requiring trend + location + momentum + a reversal wick trigger. 1) What the script does (in plain English) A Long (green) signal happens only when ALL are true: ✅ HTF VWAP is bullish (price above VWAP on 1H) ✅ MID VWAP is bullish (price above VWAP on 15m) ✅ Execution trend is bullish (SMA3 > SMA8 AND close > SMA8) ✅ Price is above VWAP on your current chart ✅ The prior candle had an upper wick (bearish rejection wick) ✅ RSI is strong (RSI > 55 by default) A Short (red) signal happens only when ALL are true: ✅ HTF VWAP is bearish (price below VWAP on 1H) ✅ MID VWAP is bearish (price below VWAP on 15m) ✅ Execution trend is bearish (SMA3 < SMA8 AND close < SMA8) ✅ Price is below VWAP on your current chart ✅ The prior candle had a lower wick (bullish rejection wick) ✅ RSI is weak (RSI < 45 by default) If those aren’t met, candles stay gray = no trade / neutral. 2) How to add it on TradingView (step-by-step) Open TradingView Click Pine Editor (bottom panel) Paste the full script Click Save Click Add to chart Go to Strategy Tester (bottom) to view results If you want alerts: You can still create alerts for strategy orders, but it works best if we convert it to an indicator version with alert conditions. (If you want, tell me and I’ll generate that version.) 3) Best instruments to use it on This type of VWAP+trend+RSI filter works best on instruments with: High liquidity Clean trend behavior Tight spreads / stable fills Best: Index futures: NQ / ES Index ETFs: QQQ / SPY Very liquid mega caps: AAPL / MSFT / NVDA Avoid thin stocks or random low-volume names. 4) Best timeframes to run it on (beginner safe) ✅ Recommended execution timeframes (where entries trigger) 1 minute (fast, best if you’re experienced) 3 minute (balanced) 5 minute (most beginner friendly) ✅ Gate timeframes (already built in) HTF = 60 min MID = 15 min These should usually stay as-is. 5) How to interpret the candle colors Green candle = A valid LONG signal fired on that bar Red candle = A valid SHORT signal fired on that bar Gray candle = No signal (do nothing) This is important: Gray is a feature, not a problem. Gray means the system is protecting you from chop. 6) What “Strict Mode (HTF=MID)” really means When Strict Mode = ON: HTF and MID must agree exactly This reduces signals but improves quality When Strict Mode = OFF: HTF alone can allow direction More trades, more noise Beginner rule: keep Strict Mode ON. 7) How to trade it (simple beginner rules) Long trade rules Wait for a green candle (signal candle) Enter at the close of the candle (or next candle open) Use your stop (your script currently uses TP+SL inside strategy) Short trade rules Wait for a red candle Enter at the close (or next candle open) Respect stop loss Most important discipline rule Do not take trades “because it’s close.” Take only when the candle is green/red. 8) Why the wick rule is powerful This is a key “needle shifter.” Long requires prior bearish wick (upper wick): That shows sellers tried to push up resistance / reject price — and failed. If the market is still above VWAP + trend is up, that wick often marks a “dip-then-go” continuation. Short requires prior bullish wick (lower wick): Buyers tried to defend and push up — but got rejected. Under VWAP + downtrend + weak RSI, that wick often becomes the last pullback before continuation down. So the wick rule helps avoid entering mid-candle or late chase entries. 9) How to avoid the 100-point reversal problem you mentioned Those big reversals usually come from one of these: (A) Taking signals inside chop Fix: keep Strict Mode ON, and keep RSI thresholds. (B) Trading directly into a major support/resistance zone Fix: Avoid entries right at prior day high/low, overnight high/low, or major swing points Don’t short directly into support; don’t long into resistance (C) News spikes Fix: Avoid trading major news windows (CPI, FOMC, Powell, NFP) VWAP systems can get steamrolled temporarily during high-impact releases 10) Beginner settings I recommend (starting defaults) Keep these: Strict Mode = ✅ ON RSI Length = 14 RSI Bull > 55 RSI Bear < 45 SMA = 3 & 8 (as you have now) HTF = 60m, MID = 15m If you want fewer trades but higher quality: RSI Bull > 58 RSI Bear < 42 wickMinTicks = 2 (filters tiny meaningless wicks) 11) What you should NOT do (common beginner mistakes) ❌ Don’t take trades when candles are gray ❌ Don’t reverse immediately because the opposite color appears one candle later ❌ Don’t use this as a prediction tool — it’s a confirmation tool ❌ Don’t force trades in low volume periods (midday chop) 12) Best “times of day” to trade it (for index products) For NQ/ES/QQQ/SPY, the cleanest VWAP trend behavior is usually: 9:35–11:00 ET (best) 1:30–3:30 ET (good) Avoid 11:30–1:15 ET (chop zone) Why You Should Monitor the Strategy Report (Very Important) This script is intentionally published as a strategy, not just an indicator. That is by design. The Strategy Tester Report is a core part of how this tool should be evaluated. When you open the Strategy Tester tab in TradingView, you gain insight into: Win rate consistency across timeframes Drawdown behavior during choppy vs trending conditions How often signals occur (selectivity matters) Performance differences between 1m, 3m, and 5m charts The value of the HTF + MID gating logic during high-risk periods ⚠️ Do not judge this tool based on a handful of trades or one session. Its real value shows up when you observe: Fewer trades during chop Cleaner participation during directional sessions Reduced exposure during regime conflict This is exactly why the higher-timeframe VWAP posture and RSI/wick filters exist. 🧠 How to Use the Strategy Report Effectively (Beginner Tip) To properly evaluate the system: Apply the strategy to one instrument (ex: NQ, ES, QQQ) Test one execution timeframe at a time (1m, 3m, or 5m) Keep HTF = 60m and MID = 15m fixed Review results over multiple days, not single sessions Pay attention to: Max drawdown Trade clustering Losing streak behavior (this matters more than win rate alone) This will give you a much more realistic understanding of what the system is designed to do. 🔒 About This Script (Important Notice) This SA Final VWAP — LITE script is intentionally: Condensed Restricted Directionally gated Missing advanced logic layers It represents the last free public release of this VWAP-based framework. The full version includes additional proprietary components such as: Expanded regime classification Enhanced VWAP slope and acceptance logic Advanced no-trade zones Multi-setup prioritization Internal failure-state suppression Additional probabilistic filters not exposed here These components materially change behavior during difficult market conditions and are not included in this public script. 📩 For Serious Users / Full Version Access If you find this indicator useful, insightful, or different from typical TradingView tools, you are encouraged to reach out directly. This script is meant to: Demonstrate the core logic Allow you to validate performance via the strategy report Help you decide whether the full framework is appropriate for your trading 📬 For access to the complete version and additional attributes of the algorithm, contact the author directly. This separation is intentional to: Protect intellectual property Maintain system integrity Ensure serious users receive proper context and guidance 🧭 Final Note This is not a prediction tool. It is a confirmation and participation framework designed to operate when probability, structure, and momentum align. Gray candles are protection. Green and red candles are permission. Use it with patience, discipline, and proper evaluation — and let the strategy report tell you the real story.
Strategi Pine Script®
oleh SignalArchitecT_AI
Multi-Session Volume Profile Suite [MarkitTick]💡 This indicator provides a sophisticated, institutional-grade Volume Profile analysis suite that renders multiple temporal profiles simultaneously. It is designed for traders utilizing Auction Market Theory who require a holistic view of where value is being established across Daily, Weekly, and Monthly timeframes, alongside custom intraday sessions. By bypassing standard built-in functions in favor of a custom array-based calculation engine, this tool offers granular control over Value Area logic, Point of Control (POC) migration, and multi-timeframe confluence detection. ✨ Originality and Utility Standard Volume Profile tools often limit traders to a single timeframe or the visible range of the chart. This creates a fragmented view of the market, where a trader might see the daily value but miss the context of the weekly or monthly auction. This script solves that problem by layering three distinct higher-timeframe profiles (Daily, Weekly, Monthly) plus three customizable intraday session profiles onto a single chart. ● Key Differentiators Confluence Detection Engine: The script mathematically calculates when the Points of Control (POC) of different timeframes overlap (e.g., Daily POC inside Weekly POC). It explicitly highlights these high-probability zones with specific labels (e.g., "TRIPLE CONFLUENCE"), automating the search for key support/resistance levels. POC Migration Tracking: Unlike static profiles, this tool tracks the "Shift" of the POC. It visualizes whether value is migrating higher (▲), lower (▼), or remaining neutral (=) compared to the previous period, providing immediate insight into the trend's acceptance. Synthetic Chart Protection: The script includes logic to detect and prevent usage on non-standard chart types like Heikin Ashi or Renko, ensuring that the volume data processed is accurate and not subject to the repainting often found in synthetic OHLC variations. 🔬 Methodology and Concepts The core engine relies on a custom implementation of the Volume Profile formula using dynamic arrays. It does not simply pull pre-calculated data but processes the tick volume of the underlying asset relative to price action. • Volumetric Binning The script divides the price range of a specific period (e.g., a Day) into a user-defined number of "rows" (bins). As price trades within a specific bin, the corresponding volume is accumulated. Point of Control (POC): The bin with the highest accumulated volume is identified as the POC. This represents the "Fair Value" or the mode of the distribution for that period. Value Area (VA): The script calculates the total volume of the profile and then identifies the range surrounding the POC that contains a specific percentage (default 70%) of that volume. It uses a dual-scanning algorithm that expands upwards or downwards from the POC based on which adjacent row has higher volume, mimicking the auction process of testing prices. • Exact-Anchor Pivots Simultaneously, the script tracks "Exact-Anchor" pivots. Unlike standard pivots that settle at the close, these track the absolute High and Low of the period (Daily/Weekly/Monthly) in real-time and extend them until a new period begins. 🎨 Visual Guide The indicator uses a color-coded hierarchy to distinguish between timeframes. Understanding this visual language is critical for interpreting the data. ● Profile Hierarchy (Default Theme) Daily Profile (Yellow/Gold): Represents the immediate, short-term auction. Solid Line: Daily POC. Dotted Line: Daily Value Area High (VAH) and Low (VAL). Weekly Profile (Blue): Represents the intermediate auction. A solid Blue line indicates the Weekly POC. Monthly Profile (Purple): Represents the macro auction. A solid Purple line indicates the Monthly POC. ● Labels and Symbols Right-Side Labels: At the end of profile lines, text labels display the exact price of the POC. Shift Arrows (▲ / ▼): Located inside the POC label, these arrows indicate the direction the POC has moved relative to the previous period's POC. An Up arrow (▲) suggests buyers are accepting higher prices. Confluence Labels: If enabled, a text box appears near price action stating "POC CONFLUENCE" or "TRIPLE CONFLUENCE" when the POCs of different timeframes align within a tight margin. Block Symbol (⬛): A small block icon may appear above bars to denote the center of a specific session's time window. ● Pivot Lines Orange Lines: Previous Daily High (PDH) and Low (PDL). Green Dashed Lines: Previous Weekly High (PWH) and Low (PWL). Red Dotted Lines: Previous Monthly High (PMH) and Low (PML). White Dashed Line: New York Midnight Open price (if enabled). 📖 How to Use This suite is designed for "Contextual Trading." It answers the question: Where are we relative to value? • Trend Acceptance Observe the Shift Arrows on the POC labels. In a healthy uptrend, you should see a sequence of Daily and Weekly profiles with (▲) arrows, indicating that the market is validating higher prices as fair value. If price rises but the POC remains lower or shifts down, it may indicate a "weak high" or a potential reversal (divergence between price and value). • Support and Resistance The POC lines act as high-probability support and resistance. Price returning to a Weekly (Blue) or Monthly (Purple) POC often results in a reaction, as these are areas of significant historical agreement between buyers and sellers. • The Confluence Play Pay special attention when the "Confluence" label appears. When a Daily POC aligns with a Weekly or Monthly POC, that specific price level possesses reinforced structural importance. A rejection from such a level is a strong signal; a breakout through such a level often leads to an explosive move as value transitions rapidly. ⚙️ Inputs and Settings The script is highly customizable via the settings menu. ● General Settings Row Resolution: Determines the granularity of the profile. Higher numbers (e.g., 100) create smoother, more detailed profiles but use more calculation resources. Value Area %: Default is 70.0, representing the standard deviation of value. Show POC Shift: Toggles the (▲/▼) comparison logic. ● Profile Scope Show Daily/Weekly/Monthly: Checkboxes to individually enable or disable specific timeframe profiles. Session Lookback: Controls how many historical days/weeks the profiles are kept on the chart. ● Pivots (PDH/PMH/NYM) Show Pivots: Enables the High/Low lines for previous periods. Show NY Midnight: Specifically toggles the opening price of the New York session (00:00 EST). ● Alerts Approach Distance: Sets the sensitivity (in ticks) for alerts when price nears a key POC level. 🔍 Deconstruction of the Underlying Scientific and Academic Framework This indicator is grounded in Auction Market Theory (AMT) and statistical distribution analysis. • The Market as a Mechanism AMT postulates that the primary purpose of the market is to facilitate trade. Price advertises opportunity, while Time regulates the opportunity. Volume is the validation of that price. When the market spends significant time and transacts significant volume at a specific level, it establishes "Value." • Gaussian Distribution and Central Limit Theorem A Volume Profile is essentially a histogram of volume over price, often resembling a Gaussian (Normal) Distribution or "Bell Curve" when the market is balanced. POC (Mode): The peak of the curve. Mathematically, this is the mode of the dataset—the price occurring with the highest frequency (volume). Value Area (Standard Deviation): In a normal distribution, approximately 68.2% of data points fall within one standard deviation of the mean. This script defaults to a 70% Value Area to approximate this statistical boundary. Prices outside this area are considered statistically significant anomalies or "imbalanced." • Confluence and Probability The "Confluence" feature leverages the intersection of independent datasets. If the mode (POC) of a short-term distribution (Daily) aligns with the mode of a long-term distribution (Weekly), the probability of that price representing "True Value" increases exponentially. This aligns with statistical principles where overlapping data clusters suggest a stronger underlying signal amidst market noise. ⚠️ Disclaimer All provided scripts and indicators are strictly for educational exploration and must not be interpreted as financial advice or a recommendation to execute trades. I expressly disclaim all liability for any financial losses or damages that may result, directly or indirectly, from the reliance on or application of these tools. Market participation carries inherent risk where past performance never guarantees future returns, leaving all investment decisions and due diligence solely at your own discretion.
Penunjuk Pine Script®
oleh MarkitTick
7
Auction Market Theory LevelsAuction Market Theory Indicator TradingView Pine Script v6 indicator that plots Auction Market Theory (AMT) session levels for RTH/ETH, including value area, VPOC, initial balance extensions, and session VWAP, with Bookmap cloud notes logging. Features RTH and ETH session detection with configurable session times. RTH levels: HOD/LOD, IB30, IB60, IB0.5, IB1.5, IB2. Value Area (VAH/VAL) and VPOC computed from a session volume profile histogram. ETH levels: ONH/ONL/ONMID/ONVPOC. Session VWAP overlay. Optional labels and/or lines, with ability to extend lines to the right. Previous session level carry-forward. Bookmap CSV-style logging and alert payload formatting. ## Inputs Sessions: `RTH session time`, `ETH session time`. Levels toggles: `Show HOD and LOD`, `Show IB`, `Show IB30`, `Show IB60`, `Show IB1.5`, `Show IB2`, `Show ONH, ONL, ONVPOC, ONMID`, `Show VAH and VAL`, `Show VPOC`. Value Area: `Value Area %`, `Number of Histograms`. Display: `Show price labels`, `Show Lines at price levels`, `Extend lines to the right`, `Session VWAP`, `VWAP color`. Lookback: `Look back time in hours for previous sessions`. Logging: `Symbol Prefix` for Bookmap datafeed output. Getting started 1. Open TradingView and create a new Pine Script. 2. Paste the contents of (src/auction-market-theory.pine). 3. Save and add the indicator to a chart. Notes The indicator is designed to run on intraday timeframes with session boundaries. VPOC/VAH/VAL are calculated from a volume profile histogram built from session bars. Alerts emit a CSV-style payload containing AMT levels for Bookmap. Bookmap Cloud Notes output The script logs and alerts a CSV-style line compatible with Bookmap Cloud Notes. Each line follows this format: "SYMBOL",PRICE,NOTE,FG_COLOR,BG_COLOR,ALIGN,DIAMETER,LINE Example (from the script): "ESH6.CME@BMD",5243.25,ONVPOC,#000000,#ff0066,left,1,TRUE Alerts → email → local Bookmap Cloud Notes TradingView alerts can be configured to send these CSV lines to your email address. A simple Python script can then read the email and publish the notes locally to Bookmap Cloud Notes. Suggested flow: 1. Create a TradingView alert for this indicator. 2. Use the alert message template to output the payload (the script already builds the message in `msg`). 3. Configure the alert to send to your email. 4. Run a local Python reader that parses the incoming email and forwards the CSV lines to your Bookmap Cloud Notes endpoint.
Penunjuk Pine Script®
oleh dercremigetz3ss
Daily Bias Trade Manager [MarkitTick]💡 The Daily Bias Trade Manager is a sophisticated technical analysis suite designed to automate the identification of high-probability intraday setups based on liquidity concepts and structural shifts. By synthesizing Previous Day High/Low (PDH/PDL) interactions with momentum confirmation and strict risk management protocols, this tool assists traders in navigating the "Daily Bias." It moves beyond simple signal generation by offering a complete trade management visualization system, projecting entries, stop losses, and take-profit levels directly onto the chart in real-time. ✨ Originality and Utility This script distinguishes itself by integrating institutional price action theory—specifically Liquidity Sweeps and Change in State of Delivery (CISD)—with mechanical filtering. While many indicators simply highlight highs and lows, the Daily Bias Trade Manager validates these levels by analyzing what happens *after* price tests them. It solves a common problem for intraday traders: "Analysis Paralysis." By automating the detection of structure breaks (MSS) and Fair Value Gaps (FVG) following a sweep of daily liquidity, it provides an objective framework for entry. Furthermore, the built-in "Position Box" feature removes the guesswork from trade execution by instantly calculating risk-to-reward ratios and visualizing them, allowing traders to see the feasibility of a trade before execution. 🔬 Methodology and Concepts The core logic operates on a sequential detection model: Liquidity Identification: The script first plots the Previous Day High (PDH) and Previous Day Low (PDL). These are critical institutional reference points where stop-loss orders (liquidity) often reside. The Sweep: A "Sweep" is confirmed when price breaches a PDH/PDL but fails to sustain the breakout, closing back inside the previous day's range. This suggests a "Fake-out" or liquidity grab, often a precursor to a reversal. Change in State of Delivery (CISD): Following a sweep, the script monitors local market structure. It looks for a decisive close past a recent swing point (Swing High for shorts, Swing Low for longs) within a user-defined bar window. This confirms that the counter-trend move has momentum. Confluence Filtering: To reduce false positives, the engine applies optional filters: RVOL (Relative Volume): Ensures the sweep occurred on significant volume (Climax behavior). RSI Momentum: Verifies that momentum supports the reversal direction. Trend Filter: Uses a long-term EMA to ensure trades align with the broader market direction. Entry Model: Upon validation, the script calculates an entry at the close (or optionally at a Fair Value Gap), places a Stop Loss at the sweep extreme, and projects three Take Profit targets based on configurable R:R ratios. 🎨 Visual Guide The indicator uses a distinct color-coded system to keep the chart clean yet informative: ● Liquidity Levels & Sweeps Orange/Blue Lines: Represent the PDH (Previous Day High) and PDL (Previous Day Low). Teal Shaded Zones: Indicate a "Buy-Side Sweep" (Price took highs and rejected). Red Shaded Zones: Indicate a "Sell-Side Sweep" (Price took lows and rejected). ● Position Management Boxes When a signal triggers, a structured box appears: Solid Gray Line: The theoretical Entry Price. Solid Red Line: The Stop Loss (SL), typically placed at the swing high/low of the sweep. Dashed Blue Lines: Represent TP1, TP2, and TP3 targets based on Reward-to-Risk settings. Labels: Data tags on the right side of the box show exact price coordinates for Entry, SL, and Targets. ● Signals & Clouds Green "BUY" Labels: Appear below the bar when a bullish sweep and structural shift are confirmed. Red "SELL" Labels: Appear above the bar when a bearish sweep is validated. Yellow Clouds: Highlight Fair Value Gaps (FVG) used for entry confluence or retests. ● Multi-Timeframe (MTF) Dashboard A panel (default: Top Right) displays the status of up to three higher timeframes. Trend: Shows "BULL" or "BEAR" based on EMA alignment. Liquidity: Indicates if the timeframe is "Taking Buy Liq", "Taking Sell Liq", or "Inside Range". 📖 How to Use ● Bullish Reversal Setup Wait for price to drop below the Blue PDL Line. Look for a Red Sell-Side Sweep Zone to form, indicating price has rejected lower prices. Wait for the Green BUY Signal . This confirms a shift in structure (CISD) back to the upside. Observe the Position Box. If the Risk/Reward is favorable (targets are within reasonable reach), consider the trade. Optional: Use the "Dynamic Targets" setting to target the previous swing high instead of a fixed ratio. ● Bearish Reversal Setup Wait for price to rally above the Orange PDH Line. Look for a Teal Buy-Side Sweep Zone . Wait for the Red SELL Signal confirming the rejection. Ensure the dashboard shows alignment (e.g., Higher Timeframe Trend is Bearish) for higher probability. ● Trade Management Enable the "ATR Trailing Stop" in settings to have the Stop Loss line dynamically adjust as price moves in your favor, locking in potential gains. ⚙️ Inputs and Settings ● General & Display Show Daily Liquidity: Toggles the PDH/PDL lines. Max Signals/Zones: Limits the visual clutter by restricting historical shapes. ● Detection Logic Swing Detection Length: Controls the sensitivity of pivot points. Higher numbers = fewer, more significant swings. CISD Window: How many bars after a sweep are allowed for the structure shift to occur. Use FVG Entry: If true, the signal waits for a retest of a gap rather than entering immediately at the close. ● Filters Volume (RVOL): Requires the sweep candle volume to be X times larger than average. Trend Filter: Only allows Buy signals above the EMA and Sell signals below it. Session Filter: Restricts signals to specific hours (e.g., New York Killzone). ● Targets & Management Target R:R: Sets the multiplier for TP1, TP2, TP3 relative to the stop loss distance. Use Dynamic Targets: Targets structural liquidity (Previous Highs/Lows) instead of fixed math ratios. ATR Trailing Stop: Activates the trailing stop mechanism. 🔍 Deconstruction of the Underlying Scientific and Academic Framework This indicator is grounded in the principles of Market Microstructure and Mean Reversion theory . 1. Liquidity Pools & Stop Runs: Academic literature on market microstructure suggests that order flow clusters around obvious visual references (PDH/PDL). Large market participants often utilize this "resting liquidity" to fill large block orders with minimal slippage. The "Sweep" logic detects this absorption phase. 2. Volatility Breakout vs. Fake-out: The script differentiates between a genuine breakout and a mean-reverting "fake-out" by analyzing the Close relative to the Range . A close back within the prior day's range after a breach signifies a failure of auction in the new territory, statistically increasing the probability of a reversion to the mean (equilibrium). 3. Momentum Validation (RSI & RVOL): By integrating Relative Volume (RVOL) and RSI, the script applies statistical significance testing to the price action. High volume at a range extreme without price progress (the sweep) indicates "Stopping Volume" or absorption, a key concept in Volume Spread Analysis (VSA). 🙏 Gratitude I would like to express my gratitude to harry040708 for sharing the insightful idea that made this script possible. ⚠️ Disclaimer All provided scripts and indicators are strictly for educational exploration and must not be interpreted as financial advice or a recommendation to execute trades. I expressly disclaim all liability for any financial losses or damages that may result, directly or indirectly, from the reliance on or application of these tools. Market participation carries inherent risk where past performance never guarantees future returns, leaving all investment decisions and due diligence solely at your own discretion.
Penunjuk Pine Script®
oleh MarkitTick
Beta Coefficient & RSI Table (Midcaps vs Majors)Beta Coefficient & RSI Table (Midcaps vs Majors) This script builds a comprehensive beta comparison framework between midcap assets and majors for benchmarks, enhanced with a simple RSI midline strategy for clean entry and exit signaling. In addition to beta-based relative analysis, the script: Computes raw RSI values on midcap assets for standalone trend qualification Evaluates every midcap/major ratio combination using the same RSI-based regime logic Produces binary (0 / 1) signals suitable for systematic filtering and automation Designed with automation in mind, this script is perfect for daily alerts that can send webhooks externally, and is fully compatible to reliably daily close updates for: Ratio beta comparisons (midcaps vs majors) Binary RSI crossover signals on each ratio Base midcap trend state (RSI > 45 indicating an active uptrend) - 45 made for a slightly faster entry signal if used as a preliminary filter This makes the table ideal for automated system building, signal aggregates, and hands-off portfolio logic. Full credits to @MarktQuant and @NianiaFrania🐸 for the original script source.
Penunjuk Pine Script®
oleh FredrikVerbic