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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.
Penunjuk Pine Script®
oleh Trendoscope
110
Overbought & Oversold TrackerAbout this indicator: - This indicator is basically a stochastic indicator that shows to you the crossover in an Overbought or Oversold area DIRECTLY on the chart How does it works: - When Stochastic crosses at Oversold area, a Blue Triangle will appear below the candle with a Blue Dotted Line at the low of the current candle - The Blue Triangle is to help you to see easily the candle where the crossover is occurring - At the same time, the Blue Dotted Line will act as a minor Support for the current price - If the current candle breaks the Blue Dotted Line (minor Support), the candle will be displayed in a red color - Same things will occur if Stochastic crosses at the Overbought area, but at this time, a Red Triangle with Red Dotted Line will appear just to differentiate between Overbought and Oversold crossover The advantage of using this indicator: - You can easily see the point of stochastic crossover DIRECTLY on the chart without analyzing the stochastic indicator - At the same time, it helps you to see clearly either the price is at the bottom / reversal by combining it with S&R / trendlines or other indicators Personally, I will combine this indicator with: a. Support and Resistance or Trendlines b. Fibonacci retracement c. Candlestick indicator (see my script list) d. Ultimate MACD (see my script list) e. Volume indicator These combinations personally increase the possibility for me to buy exactly at the point of reversal in a pullback - This indicator is preset at the value of 25 (oversold) and 75 (overbought) k line, it's my own preference. You can change these values at the setting menu to suit your trading style. - Once again, I am opening the script for anyone to modify/alter it based on you own preference. Have a good day!
Penunjuk Pine Script®
oleh taufan_ganas
4
BE_CustomFx_LibraryLibrary "BE_CustomFx_Library" A handful collection of regular functions, Custom Tools & Utility Functions could be used in regular Scripts. hope these functions can be understood by a non programmer like me too. G_TextValOfNumber(ValueToConvert, RequiredDecimalPlaces, BeginingChar, EndChar) Function to return the String Value of Number with decimal precision with the prefix and suffix characters provided   Parameters:      ValueToConvert : = Number to Convert      RequiredDecimalPlaces : = No of Decimal values Required. supports to a max of 5 decimals else defaults to 2      BeginingChar : = Prefix character which is needed.      EndChar : = Suffix character which is needed.   Returns: Returns Out put with formated value of Given Number for the specified deicimal values with Prefix and suffix string G_TradableValue(ValueToConvert, NeedCustomization, RequiredDecimalPlaces) Function to return the Tradable Value of Number   Parameters:      ValueToConvert : = Number to Convert      NeedCustomization : = set to 1 if you want to customize the decimal percision values. default is No customization needed, which provides output equalent to round_to_mintick      RequiredDecimalPlaces : = if NeedCustomization is set to 1 mention the decimal percision value required. max supported decimal is 5 else defaults to 2   Returns: Returns Out put with formated value of Given Number G_TxtSizeForLables(SizeValue) Function to Get size Value for text values used in Lables   Parameters:      SizeValue : = auto, tiny, small, normal, large, huge. specify either of these values or default value Normal will be displayed as output   Returns: Returns Respective Text size G_Reg_LineType(LineType) Function to Get Line Style Value for text values used in Lines   Parameters:      LineType : = 'solid (─)', 'dotted (┈)', 'dashed (╌)', 'arrow left (←)', 'arrow right (→)', 'arrows both (↔)' or default line style 'dotted (┈)' will be the output   Returns: Returns Respective Line style G_ShapeTypeForLables(ShapeType) Function to Get Shape Style Value for text values used in plot shapes   Parameters:      ShapeType : = 'XCross', 'Cross', 'Triangle Up', 'Triangle Down', 'Flag', 'Circle','Arrow Up', 'Arrow Down','Lable Up', 'Lable Down' or default shpae style Triangle Up will be the output   Returns: Returns Respective Shape style G_Indicator_Val(string, float, int, int) Gets Output of the technical analyis indicator which has length Parameter. RSI, ATR, EMA, SMA, HMA, WMA, VWMA, 'CMO', 'MOM', 'ROC','VWAP'   Parameters:      string : IndicatorName to be specified      float : SrcVal for the TA indicator default is close      int : Length for the TA indicator      int : DecimalValue optional to specify if required formatted output with decimal percision   Returns: Value with the given parameters G_CandleInfo(string, bool, float, bool) function to get Candle Informarion such as both wicksize, top wick size , bottom wick size, full candle size and body size in default points   Parameters:      string : WhatCandleInfo, string input with either of these options "Wick" , "TWick" , "BWick" , "Candle", "Body" , "BearfbVal", "BullfbVal" , "CandleOpen" ,"CandleClose", "CandleHigh" , "CandleLow", "BodyPct"      bool : RepaintingVersion, set to true if required data on the realtime bar else default is set to false      float : FibValueOfCandle, set the fibo value to extract fibvalue of the candle else default is set to 38.2%      bool : AccountforGaps, set to true if required data on considering the gap between previous and current bar else default is set to false   Returns: Returns Respective values for the candles G_BullBearBarCount(int, int) Counts how many green & red bars have printed recently (ie. pullback count)   Parameters:      int : HowManyCandlesToCheck The lookback period to look back over      int : BullBear The color of the bar to count (1 = Bull, -1 = Bear), Open = close candles are ignored   Returns: The bar count of how many candles have retraced over the given lookback with specific candles BarToStartYourCalculation(Int) function to get candle co-ordinate in order to use it further for calculating your analysis work . "Heart full Thanks to 3 Pine motivators (LonesomeTheBlue, Myank & Sriki) who helped me cracking this logic"   Parameters:      Int : SelectedCandleNumber (default=450) How many candles you would need to anlysie in your script from the right.   Returns: A boolean - output is returned to say the starting point and continue to diplay true for the future candles isHammer(float, bool, bool) Checks if the current bar is a hammer candle based on the given parameters   Parameters:      float : fib (default=0.382) The fib to base candle body on      bool : colorMatch (default=false) Does the candle need to be green? (true/false)      bool : NeedRepainting (default=false) Specify True if you need them to calculate on the realtime bars   Returns: A boolean - true if the current bar matches the requirements of a hammer candle isStar(float, bool, bool) Checks if the current bar is a shooting star candle based on the given parameters   Parameters:      float : fib (default=0.382) The fib to base candle body on      bool : colorMatch (default=false) Does the candle need to be red? (true/false)      bool : NeedRepainting (default=false) Specify True if you need them to calculate on the realtime bars   Returns: A boolean - true if the current bar matches the requirements of a shooting star candle isDoji(float, float, bool) Checks if the current bar is a doji candle based on the given parameters   Parameters:      float : _wickSize (default=1.5 times) The maximum allowed times can be top wick size compared to the bottom (and vice versa)      float : _bodySize (default= 5 percent to be mentioned as 0.05) The maximum body size as a percentage compared to the entire candle size      bool : NeedRepainting (default=false) Specify true if you need them to calculate on the realtime bars   Returns: A boolean - true if the current bar matches the requirements of a doji candle isBullishEC(float, float, bool, bool) Checks if the current bar is a bullish engulfing candle   Parameters:      float : _allowance (default=0) How many POINTS to allow the open to be off by (useful for markets with micro gaps)      float : _rejectionWickSize (default=disabled) The maximum rejection wick size compared to the body as a percentage      bool : _engulfWick (default=false) Does the engulfing candle require the wick to be engulfed as well?      bool : NeedRepainting (default=false) Specify True if you need them to calculate on the realtime bars   Returns: A boolean - true if the current bar matches the requirements of a bullish engulfing candle isBearishEC(float, float, bool, bool) Checks if the current bar is a bearish engulfing candle   Parameters:      float : _allowance (default=0) How many POINTS to allow the open to be off by (useful for markets with micro gaps)      float : _rejectionWickSize (default=disabled) The maximum rejection wick size compared to the body as a percentage      bool : _engulfWick (default=false) Does the engulfing candle require the wick to be engulfed as well?      bool : NeedRepainting (default=false) Specify True if you need them to calculate on the realtime bars   Returns: A boolean - true if the current bar matches the requirements of a bearish engulfing candle Plot_TrendLineAtDegree(float, float, int, string, bool) helps you to plot the Trendlines based on the specified angle at the defined price to bar ratio   Parameters:      float : Degree (default=14) angle at which Trendline to be plot      float : price2bar_ratio (default=1e-10) The maximum rejection wick size compared to the body as a percentage      int : Bars2Plot (default=6) Does the engulfing candle require the wick to be engulfed as well?      string : LineStyle = 'solid (─)', 'dotted (┈)', 'dashed (╌)', 'arrow left (←)', 'arrow right (→)', 'arrows both (↔)' or default line style 'dotted (┈)' will be the output      bool : PlotOnOpen_Close (default=false) Specify True if you need them to calculate on the Open\Close Values   Returns: plot the Trendlines based on the specified angle at the defined price to bar ratio
Perpustakaan Pine Script®
oleh TradeWiseWithEase
Triple Colored Least Squares Moving Average + Crossover AlertsThis script is forked from the ‘ Double Colored Least Squares Moving Average + Crossover Alerts ‘ from @IronKnightmare. First release & notes : 2021-11-03. Overview: The Least Squares Moving Average is used mainly as a crossover signal to identify bullish or bearish trends. When a shorter duration line cross a longer one a trend can be identified. When multiple lines or the price action cross a longterm trend the confirmation can be further validated. Tradingview contains already some indicators with 1 or two LSMA trendlines that can be configured and toggled. The original script that I forked had two LSMA lines that could be plotted with other valuable functions, I added a third for further confirmation as some trading systems will use three lines or some combination of those for validation. Usage: In inputs - You will see LSMA 1, LSMA 2 & LSMA 3. The default values are 40, 100 & 400 representing the number of periods plotted by that line : fast, medium and slow changing trendlines will be plotted. The offset value and source are standard for most scripts. In Style - You can toggle LSMA 1, 2 or 3 and any combination of those. There are much more possibilities this way. - For each LSMA, Color 0 & Color 1 are for coloring the slope of the trendline, - Color 0 for rising slope, - Color 1 for descending slope. - The script will automatically color the rise or fall of the trendline accordingly. You can also set one identical color in both slopes for one unique color. - The ‘ Long Crossover 1 on 2 ’ is a signal for when the LSMA 1 cross over the LSMA 2, usually a shorter periods trendline, more volatile, climbing over the medium term one. A Signal will be traced on the chart at that crossing, you can configure this. The ‘Short Crossover 1 on 2’ is when the LSMA 1 cross under the LSMA 2, a signal will be traced on the chart accordingly. - The Long Crossover 1 on 3 & Short Crossover 1 on 3 act on the same principle, although the crossing of the fast LSMA on the long / slow LSMA are used. Both can be toggled. - The ‘ Background Coloring Line 1 : 0-Neutral, 1-Up, 2-Down ’ is an optional background coloring for the LSMA1 line. This can provide additional information at a quick glance, especially if you combine the two other lines backgrounds, the partial transparency will compound.
Penunjuk Pine Script®
oleh SebMatte
8
Linear Regression Trendline on Close This indicator draws a linear regression trendline that connects the closing prices of the last N candles, where N is a user-defined input. 🔹 Key Features: Uses least-squares linear regression to fit a straight line to recent closes Automatically adapts to any timeframe (5min, 1h, daily, etc.) Input lets you select how many recent candles to include Helps identify short-term trend direction and momentum 🔸 How to Use: Set the "Number of Candles" input to choose how far back the regression line should look The line updates in real time as new candles form Use it to gauge short-term bias, or combine with support/resistance/zones for confirmation 🧠 Tip: Increase the number of candles for smoother trends; decrease for more reactive trendlines.
Penunjuk Pine Script®
oleh Blu_Dragon
CPR-Based Fib S/R with Circles by Arthavidhi📌 **CPR-Based Fibonacci S/R with Circles – Description** This indicator combines the power of **CPR (Central Pivot Range)** and **Fibonacci ratios** to plot highly probable intraday and swing Support/Resistance levels derived from the **daily price structure**. ### 🧠 **How It Works** * It uses the **Daily High, Low, and Close** to calculate the **Pivot Point** (P) as: `P = (High + Low + Close) / 3` * Then it calculates the **daily range**: `Range = High - Low` * Using this pivot and range, it derives both **Fibonacci-based Support and Resistance levels**: * **Support levels** at: 0.382, 0.5, 0.618, 1.0, 1.272, 1.618 below pivot * **Resistance levels** at: 0.382, 0.5, 0.618, 1.0, 1.272, 1.618 above pivot These are **plotted as small colored circles** on your chart, with **labels on the left** for easy identification of each Fib level (e.g., "0.382", "1.618"). --- ### 📈 **How to Use It** 🔹 **Intraday or Swing Traders**: * Use these levels to **anticipate reversals**, **breakouts**, or **targets**. * The levels act like a **natural price magnet** — price tends to pause, bounce, or reverse near them. 🔹 **Entry/Exit Zones**: * Combine with price action (like pin bars, engulfing, or inside bars) or volume near these levels to plan entries. * **R1.618 and S1.618** are great for extended targets or aggressive reversal setups. 🔹 **CPR Center Line**: * Acts as a key mean-reversion zone or midline. You can combine this with VWAP or RSI for confirmation. --- ### 🧩 **Best Practices** * **Higher Timeframe Confluence**: Align this with HTF S/R or trendlines. * **Use Alerts**: Combine this with price action alerting tools (manually or with separate indicators). * **Do Not Use Alone**: For best results, combine with a strategy (e.g., Supply/Demand, VWAP bounce, Trendline breaks).
Penunjuk Pine Script®
oleh Arthavidhi
Volume Profile With HVN & LVN detectorVolume Profile Indicator Based on the works of tradeforopp Overview The Volume Profile Indicator is a powerful technical analysis tool that visually represents the distribution of trading volume over price levels within a specified timeframe. It helps traders identify key support and resistance zones, high-volume trading areas, and low-volume rejection zones. The indicator includes customizable settings for Volume Point of Control (VPOC), High Volume Nodes (HVNs), and Low Volume Nodes (LVNs), making it a versatile tool for price action analysis and volume-based decision-making. Key Features 🔹 Customizable Volume Profile Adjustable number of rows to define the resolution of the volume profile. Configurable timeframe aggregation for profile calculation (e.g., Daily, Weekly). Selectable price resolution timeframe for precise profile construction. Extendable volume profile for future sessions. Fully customizable profile color and transparency settings. 🔹 Volume Point of Control (VPOC) Displays the most traded price level within the selected timeframe. Option to extend multiple VPOCs across the chart. Adjustable VPOC line width and color customization. Option to display VPOC labels when working with higher timeframe profiles. 🔹 High Volume Nodes (HVNs) Identifies high-volume price levels where significant trading activity has occurred. Configurable HVN strength to adjust detection sensitivity. Two display modes: Lines: Plots HVN levels as horizontal lines. Areas: Highlights HVN regions with colored boxes. Separate bullish and bearish HVN color settings. 🔹 Low Volume Nodes (LVNs) Identifies low-volume price levels, which often act as rejection zones. Configurable LVN strength to fine-tune detection. Two display modes: Lines: Marks LVN levels as horizontal lines. Areas: Highlights LVN regions with shaded boxes. Separate bullish and bearish LVN color settings. 🔹 Optimized for Performance Efficient use of arrays for data storage and retrieval. Global functions for HVN and LVN detection. Uses security calls to access lower timeframe price and volume data. Use Cases ✅ Identify Support & Resistance Levels The indicator highlights key price levels where significant buying or selling interest exists. ✅ Detect Breakout & Reversal Zones Low-volume areas (LVNs) often indicate price rejection zones, while high-volume areas (HVNs) suggest strong price acceptance zones. ✅ Improve Trade Entries & Exits Traders can use the Volume Point of Control (VPOC) and volume clusters to refine entry and exit points. ✅ Enhance Price Action Strategies By incorporating volume-based analysis, this indicator provides deeper market insights beyond traditional support/resistance and trendlines. Customization & Settings 📌 Volume Profile Settings: Rows: Defines the granularity of the volume profile. Profile Timeframe: Specifies the aggregation period (e.g., Daily, Weekly). Resolution Timeframe: Determines the price resolution for volume analysis. Profile Extend %: Controls how much the profile extends into the next session. 📌 Volume Point of Control (VPOC): Enable/Disable VPOC visualization. Extend past VPOC levels to the right. Display VPOC labels for higher timeframe profiles. Adjustable VPOC line width and color. 📌 High Volume Nodes (HVNs): Enable/Disable HVN detection. Define HVN strength (volume threshold). Choose between Line Mode or Area Mode. Configure bullish and bearish HVN colors. 📌 Low Volume Nodes (LVNs): Enable/Disable LVN detection. Define LVN strength (volume threshold). Choose between Line Mode or Area Mode. Configure bullish and bearish LVN colors.
Penunjuk Pine Script®
oleh Madpuppy88
7
Potential Upcoming Trend ToolThis Script has the specific use of identifying when and how a new trend may start to take form, rather than focusing on how a trend has already formed on a longer term basis. This Script is useful on it's own and not in conjunction with another. It works by taking on the most recent price data rather than a long term historical string. It differs from standard trend following indicators because it's use is far less historical, and more present. It requires less pivot points than normal to be validated as a strong trend. It works by taking local pivot points and fractals to form its parallel basis. The Trend lines will continually move as more recent price action data appears and the the channel will get thinner, until it is clear a trend has arrived and consolidated. The idea really is to see a constantly evolving picture of a sudden change in movement, allowing you to have an earlier eye on what is potentially to come. The faint mid-point line gives a reasonable reading of where you would find yourself halfway within a new trend and will also move inline with the shown trendlines. This allows you to easily track when sentiment and therefore trends are about to change. It's much more useful on lower timeframes because they will often give the first indication something is changing. Colours are fully customisable.
Penunjuk Pine Script®
oleh WillSebastian
1
Valid Pullbacks and Trend by kpt. GonzoThis script helps identify valid pullbacks. Based on the marked pullbacks, it can draw both internal and external structure trendlines. A pullback is marked with a small triangle above or below the candle that created the local high or low. A new local high is marked with a red triangle above the candle if at least one subsequent candle has a low lower than the low of the candle that created the new local high. A new local low is marked with a green triangle below the candle if at least one subsequent candle has a high higher than the high of the candle that created the new local low. Based on the marked local highs and lows, the internal structure trendline is created by simply connecting all highs and lows with a line. The external structure is drawn in a similar way, but only highs and lows that have broken the previous structure are connected. This helps focus on important pivots and better understand the market structure.
Penunjuk Pine Script®
oleh kpt_gonzo
7
Farley's Accumulation-Distribution Accelerator (ADA)Farley's ADA (From The Master Swing Trader) What it is : ADA is designed to track volume oscillations in the market and reduce the impact of shock events. It observes the supply-demand dynamics within the market, which can trigger natural levels of price reversals. How It Works Volume and Price Relationship: ADA measures the lag between price and volume movements. It highlights when volume leads or lags behind price changes, helping traders identify potential reversals or trends. Signal Generation: ADA can generate faster and cleaner signals compared to traditional indicators like On-Balance Volume (OBV). Usage Support and Resistance: ADA formations can help identify support and resistance levels and trendlines. detect natural levels where price reversals might occur. Trend Identification: Look for significant divergences between ADA and price action to identify potential trend reversals. Volume Analysis: Use ADA to anticipate pauses in price movements when volume leads, and expect dynamic trends when ADA significantly moves ahead of price action.
Penunjuk Pine Script®
oleh PhinePhine
Power Trends [UkutaLabs]█ OVERVIEW The Power Trends Indicator is a versatile trading toolkit that offers unique insight into key price levels in the market. This script uses currently relevant price-action information to automatically detect pivot levels and use them to create powerful trendlines. The aim of this script is to improve the trading experience of users by offering a versatile toolkit that can be used in a wide variety of trading strategies to help simplify the complexities of the market. █ USAGE The Power Trends Indicator will automatically identify pivot points in real-time using recent price-action information to ensure that all points being identified are relevant. Using these pivot points, the script then draws powerful trend lines that can be used as levels of resistance and support. To ensure that only the most relevant information is being presented, only the most recent trend lines will be displayed on the user’s charts. As new trend lines are being drawn, older trend lines will become thinner so that traders can identify the most relevant lines at a glance. The price of the most recent high and low pivot points will also be displayed on the chart and can be used as further levels of resistance and support. When a recent pivot level is broken, it will be identified as a Break of Structure. This signifies that there may have been a change in market strength. The Power Trends Indicator also supports multiple time frame mapping, allowing you to mirror the trend lines that would be drawn on higher time frame charts onto lower time frame charts. This feature allows traders to be aware of the market structure of multiple charts at a glance from a single chart. When mirroring some higher time frame trend lines, lines may appear to not align properly with current time frame bars. This is done intentionally to ensure lines are being drawn accurately to their position on the higher time frame charts. █ SETTINGS Current Time Frame • Display (On/Off): Determines whether or not trend lines are drawn from the current time frame. • High Color: Determines the color of trend lines drawn on high pivots. • Low Color: Determines the color of trend lines drawn on low pivots. 5 Minute (Higher Time Frame) • Display (On/Off): Determines whether or not trend lines are drawn from the 5 minute higher time frame. • High Color: Determines the color of trend lines drawn on high pivots from the 5 minute higher time frame. • Low Color: Determines the color of trend lines drawn on low pivots from the 5 minute higher time frame. 15 Minute (Higher Time Frame) • Display (On/Off): Determines whether or not trend lines are drawn from the 15 minute higher time frame. • High Color: Determines the color of trend lines drawn on high pivots from the 15 minute higher time frame. • Low Color: Determines the color of trend lines drawn on low pivots from the 15 minute higher time frame. 30 Minute (Higher Time Frame) • Display (On/Off): Determines whether or not trend lines are drawn from the 30 minute higher time frame. • High Color: Determines the color of trend lines drawn on high pivots from the 30 minute higher time frame. • Low Color: Determines the color of trend lines drawn on low pivots from the 30 minute higher time frame. 60 Minute (Higher Time Frame) • Display (On/Off): Determines whether or not trend lines are drawn from the 60 minute higher time frame. • High Color: Determines the color of trend lines drawn on high pivots from the 60 minute higher time frame. • Low Color: Determines the color of trend lines drawn on low pivots from the 60 minute higher time frame. 240 Minute (Higher Time Frame) • Display (On/Off): Determines whether or not trend lines are drawn from the 240 minute higher time frame. • High Color: Determines the color of trend lines drawn on high pivots from the 240 minute higher time frame. • Low Color: Determines the color of trend lines drawn on low pivots from the 240 minute higher time frame. Daily (Higher Time Frame) • Display (On/Off): Determines whether or not trend lines are drawn from the daily time frame. • High Color: Determines the color of trend lines drawn on high pivots from the daily higher time frame. • Low Color: Determines the color of trend lines drawn on low pivots from the daily higher time frame.
Penunjuk Pine Script®
oleh UkutaLabs
9
GT-FibThis code is declaring the script as an indicator named "GT-Fib" to be plotted on the main chart. The maximum number of lines it can create is limited to 500. The indicator calculates Fibo using trend breaks. If the trend is not broken and the old trend continues, Fibo continues. However, sometimes you will witness that it does not draw Fibo. Indicates that there is no trend break yet. If current Fibo levels are behind us, it may be wise to wait for a trend change. For trend breaks, I partially benefited from the Lux team's trend lines with break indicator. For your information... Settings: A set of user inputs is defined to allow customization. These include lookback period, coefficient, calculation method, and an option to enable/disable backpainting. These inputs help the trader to adapt the script to different market conditions or trading strategies. Style: Colors and visual styles for the indicator are defined here, such as the colors for uptrends and downtrends. Variables Initialization: Various variables are initialized here. This section prepares the script for further calculations. Key concepts include the initialization of upper and lower boundaries, pivot highs (ph), pivot lows (pl), and a few other variables to track peaks and troughs for trendlines. Trendline Peaks and Troughs: The script identifies pivot highs and lows. Whenever a pivot high/low is found, it updates the trendline_top and trendline_bottom respectively. Calculation Method: Based on the user's choice, the script calculates a "cycle" value using one of three methods: ATR, Stdev, or Linreg. Extended Lines: These are dashed lines that get drawn when a pivot high or pivot low is identified. These lines can be used to visualize potential support or resistance areas. plotFibRetracement Function: This function is designed to draw Fibonacci retracement levels between the identified trendline top and bottom. The Fibonacci levels provide potential support and resistance levels that traders often use to make trading decisions. Plotting Fibonacci using Trendline Peaks and Troughs: If both trendline_top and trendline_bottom are not 'na' (not available), the script will draw the Fibonacci retracement using the defined function. How to Use: The script identifies and displays potential support and resistance zones using Fibonacci retracement levels based on the trendline peaks and troughs. Here's a suggested way to use it: Adjust Settings: Depending on the instrument you're trading and the timeframe, you might want to adjust the lookback period, coefficient, and calculation method to fine-tune the script to your needs. Identify Trends: Observe where the pivot highs and lows are formed. The presence of consecutive pivot highs or pivot lows can indicate a prevailing trend. Use Fibonacci Levels: The Fibonacci retracement levels can act as potential support and resistance. For instance: During an uptrend, if prices retract and approach a Fibonacci level, it might act as a support level where price could bounce back. During a downtrend, Fibonacci levels might act as resistance where price could reverse downwards. Combine with Other Indicators: For a more comprehensive analysis and to increase the reliability of trading signals, you can use this script in conjunction with other technical indicators. Remember, like all trading tools and techniques, this script should be used in conjunction with proper risk management. It's also a good idea to test any strategy or tool in a demo environment before applying it to a live account.
Penunjuk Pine Script®
oleh Genesis-Trader
TrendGuard Flag Finder - Strategy [presentTrading] Introduction and How It Is Different In the vast world of trading strategies, the TrendGuard Flag Finder stands out as a unique blend of traditional flag pattern detection and the renowned SuperTrend indicator. - A significant portion of the Flag Pattern detection is inspired by the "Flag Finder" code by @Amphibiantrading, which serves as one of foundational element of this strategy. - While many strategies focus on either trend-following or pattern recognition, this strategy harmoniously combines both, offering traders a more holistic view of the market. - The integration of the SuperTrend indicator not only provides a clear direction of the prevailing trend but also offers potential stop-loss levels, enhancing the strategy's risk management capabilities. AAPL 1D chart ETHBTC 6hr chart Strategy: How It Works The TrendGuard Flag Finder is primarily built on two pillars: 1. Flag Pattern Detection : At its core, the strategy identifies flag patterns, which are continuation patterns suggesting that the prevailing trend will resume after a brief consolidation. The strategy meticulously detects both bullish and bearish flags, ensuring traders can capitalize on opportunities in both rising and falling markets. What is a Flag Pattern? A flag pattern consists of two main components: 1.1 The Pole : This is the initial strong price move, which can be either upwards (for bullish flags) or downwards (for bearish flags). The pole represents a strong surge in price in a particular direction, driven by significant buying or selling momentum. 1.2 The Flag : Following the pole, the price starts consolidating, moving against the initial trend. This consolidation forms a rectangular shape and is characterized by parallel trendlines. In a bullish flag, the consolidation will have a slight downward tilt, while in a bearish flag, it will have a slight upward tilt. How the Strategy Detects Flags: Identifying the Pole: The strategy first identifies a strong price movement over a user-defined number of bars. This movement should meet a certain percentage change to qualify as a pole. Spotting the Flag: After the pole is identified, the strategy looks for a consolidation phase. The consolidation should be counter to the prevailing trend and should be contained within parallel lines. The depth (for bullish flags) or rally (for bearish flags) of this consolidation is calculated to ensure it meets user-defined criteria. 2. SuperTrend Integration : The SuperTrend indicator, known for its simplicity and effectiveness, is integrated into the strategy. It provides a dynamic line on the chart, signaling the prevailing trend. When prices are above the SuperTrend line, it's an indication of an uptrend, and vice versa. This not only confirms the flag pattern's direction but also offers a potential stop-loss level for trades. When combined, these components allow traders to identify potential breakout (for bullish flags) or breakdown (for bearish flags) scenarios, backed by the momentum indicated by the SuperTrend. Usage To use the SuperTrend Enhanced Flag Finder: - Inputs : Begin by setting the desired parameters. The strategy offers a range of user-controlled settings, allowing for customization based on individual trading preferences and risk tolerance. - Visualization : Once the parameters are set, the strategy will identify and visually represent flag patterns on the chart. Bullish flags are represented in green, while bearish flags are in red. - Trade Execution : When a breakout or breakdown is identified, the strategy provides entry signals. It also offers exit signals based on the SuperTrend, ensuring that traders can capitalize on the momentum while managing risk. Default Settings The strategy comes with a set of default settings optimized for general use: - SuperTrend Parameters: Length set to 10 and Factor set to 5.0. - Bull Flag Criteria: Max Flag Depth at 7, Max Flag Length at 10 bars, Min Flag Length at 3 bars, Prior Uptrend Minimum at 9%, and Flag Pole Length between 7 to 13 bars. - Bear Flag Criteria: Similar settings adjusted for bearish patterns. - Display Options: By default, both bullish and bearish flags are displayed, with breakout and breakdown points highlighted.
Strategi Pine Script®
oleh PresentTrading
2
RSI based support resistance levelsThis indicator draws support line and resistance lines in the price chart. How ? For drawing the support/resistance line we need to first determine the demand and supply. We are using too-familiar indicator RSI to determine when the script is oversold and overbought. Now oversold (in RSI) is not a point, it’s a zone. The RSI indicator comes below 30, stays there and goes up above 30. Similarly for overbought. Now if you carefully look at the oversold region – the lowest point of the oversold region is the place where the demand came (for surety) and push the indicator (and price) up. Similarly: the highest point of overbought is the place where (for surety) the supply came and push the indicator (and price) down. So that’ the supply / demand line (for surety). In this indicator, based on the RSI we are just drawing support and resistance lines in the chat. That’s all. What is unique ? Trendline concept is not new. RSI is not new. RSI overbought/oversold is not new. There are indicators exist to draw trendlines. Some of them works beautifully. However, none of these, we are aware of, uses RSI to determine it. And, we believe, the most logical way to determine support/resistance is RSI. Note: We are not responsible for any trading/investment decision you are taking out of the outcome of this indicator.
Penunjuk Pine Script®
oleh pradipandsuvra
5
Pivot Point SupertrendHello All, There are many types of SuperTrend around. Recently I thought about a Supertrend based on Pivot Points then I wrote "Pivot Point SuperTrend" script. It looks it has better performance on keeping you in the trend more. The idea is behind this script is finding pivot point, calculating average of them and like in supertrend creating higher/lower bands by ATR. As you can see in the algorithm the script gives weigth to past pivot points, this is done for smoothing it a bit. As I wrote above it may keep you in the trend more, lets see an example: As an option the script can show main center line and I realized that when you are in a position, this line can be used as early exit points. (maybe half of the position size) While using Pivot Points, I added support resistance lines by using Pivot Point, as an option the script can show S/R lines: And also it can show Pivot Points: When you changed Pivot Point Period you can see its reaction, in following example PP period is 4 (default value is 2). Smaller PP periods more sensitive trendlines. Alerts added for Buy/Sell entries and Trend Reversals. (when you set alerts use the option " Once Per Bar Close ") ENJOY!
Penunjuk Pine Script®
oleh LonesomeTheBlue
217
trendline function - JD!EXPERIMENTAL! As TV doesn't provide a function to draw lines between points, I wrote a function to do this in one my own indicators. The function itself however can be applied/modified for different use cases, eg. drawing trendlines. In this (proof of concept) example I used it to draw lines based on past high/low pivot points. The inputs required: * an INPUT FUNCTION (in this form, its designed to work with functions that have occasional values and na-values between them, it then connects the non-zero values to form a line) * a BOOL (to indicate if you want to draw only the rising or falling lines) * a DELAY (in this case this is the lookback period for the pivot-points function, this is to compensate the calculation of the past and realtime points) The function returns: * the function to draw the extension from the BASE-LINE to the current time (here this is the connection of the last pivot-point to the current point to bridge the gap of the lookback period, this is NOT REALTIME!) * the function to draw the extension for the current time (here this is the continuation of the line until a new pivot-point is valid, this is DRAWN IN REALTIME!!) * the color of the lines (in this case the lines are only colored (lime or fuchsia) if they either go up or down, else they are invisible, this is to clean up the invalid lines) these output functions can then simply be plotted using the 'plot' function. JD.
Penunjuk Pine Script®
oleh Duyck
26
[LAVA] Relative Price DifferenceThis script shows the relative price difference based off the last high and low, so many bars ago. Bollinger bands are also included by default for closer inspection on the intensity of the movement or the lack thereof. Bollinger bands will follow the smoothed line which will allow the reactionary line to cross the boundary during an intense movement. With the colors selected, a gray color will appear after the color to the zero line to announce a deep correction is possible. Buy/Sell indicators show up as crosses to indicate when the price is moving in a certain direction. Sideways stagnation will have several crosses due to the close proximity to the zero line. I use 21 in the demo here without the bollinger bands or buy/sell indicators to show the power of the script to identify bottoms and tops using the tips and hand drawn trendlines. (This script is actually the same script as before, but listed here as the final version. Hopefully this will be my last update with this script.) If you use and enjoy this script, please like it!
Penunjuk Pine Script®
oleh Ni6HTH4wK
IU Inside/Harami candlestick patternDESCRIPTION The IU Inside/Harami Candlestick Pattern indicator is designed to detect bullish and bearish inside bar formations, also known as Harami patterns. This tool gives users flexibility by allowing pattern detection based on candle wicks, bodies, or a combination of both. It highlights detected patterns using colored boxes and optional text labels on the chart, helping traders quickly identify areas of consolidation and potential reversals. USER INPUTS : Pattern Recognition Based on = Choose between "Wicks", "Body", or "Both" to determine how the inside candle pattern is identified. Show Box = Toggle the appearance of colored boxes that highlight the pattern zone. Show Text = Toggle on-screen labels for "Bullish Inside" or "Bearish Inside" when patterns are detected. INDICATOR LOGIC : Bullish Inside Bar (Harami) is detected when: * The current candle's high is lower and low is higher than the previous candle (wick-based), * or the current candle’s open and close are inside the previous candle’s body (body-based), * and the current candle is bullish while the previous is bearish. Bearish Inside Bar (Harami) is detected when: * The current candle's high is lower and low is higher than the previous candle (wick-based), * or the current candle’s open and close are inside the previous candle’s body (body-based), * and the current candle is bearish while the previous is bullish. The user can choose wick-based, body-based, or both logics for pattern confirmation. Boxes are drawn between the highs and lows of the pattern, and alert messages are generated upon confirmation. Optional labels show the pattern name for quick visual identification. WHY IT IS UNIQUE : Offers three different logic modes: wick-based, body-based, or combined. Highlights patterns visually with customizable boxes and labels. Includes built-in alerts for immediate notifications. Uses clean and transparent plotting without repainting. HOW USER CAN BENEFIT FROM IT : Receive real-time alerts when Inside/Harami patterns are formed. Use the boxes and text labels to spot price compression zones and breakout potential. Combine it with other tools like trendlines or support/resistance for enhanced accuracy. Suitable for scalpers, swing traders, and price action traders looking to trade inside bar breakouts or reversals. DISCLAIMER : This indicator is not financial advice, it's for educational purposes only highlighting the power of coding( pine script) in TradingView, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
Penunjuk Pine Script®
oleh Shivam_Mandrai
Momentum Regression [BackQuant]Momentum Regression The Momentum Regression is an advanced statistical indicator built to empower quants, strategists, and technically inclined traders with a robust visual and quantitative framework for analyzing momentum effects in financial markets. Unlike traditional momentum indicators that rely on raw price movements or moving averages, this tool leverages a volatility-adjusted linear regression model (y ~ x) to uncover and validate momentum behavior over a user-defined lookback window. Purpose & Design Philosophy Momentum is a core anomaly in quantitative finance — an effect where assets that have performed well (or poorly) continue to do so over short to medium-term horizons. However, this effect can be noisy, regime-dependent, and sometimes spurious. The Momentum Regression is designed as a pre-strategy analytical tool to help you filter and verify whether statistically meaningful and tradable momentum exists in a given asset. Its architecture includes: Volatility normalization to account for differences in scale and distribution. Regression analysis to model the relationship between past and present standardized returns. Deviation bands to highlight overbought/oversold zones around the predicted trendline. Statistical summary tables to assess the reliability of the detected momentum. Core Concepts and Calculations The model uses the following: Independent variable (x): The volatility-adjusted return over the chosen momentum period. Dependent variable (y): The 1-bar lagged log return, also adjusted for volatility. A simple linear regression is performed over a large lookback window (default: 1000 bars), which reveals the slope and intercept of the momentum line. These values are then used to construct: A predicted momentum trendline across time. Upper and lower deviation bands , representing ±n standard deviations of the regression residuals (errors). These visual elements help traders judge how far current returns deviate from the modeled momentum trend, similar to Bollinger Bands but derived from a regression model rather than a moving average. Key Metrics Provided On each update, the indicator dynamically displays: Momentum Slope (β₁): Indicates trend direction and strength. A higher absolute value implies a stronger effect. Intercept (β₀): The predicted return when x = 0. Pearson’s R: Correlation coefficient between x and y. R² (Coefficient of Determination): Indicates how well the regression line explains the variance in y. Standard Error of Residuals: Measures dispersion around the trendline. t-Statistic of β₁: Used to evaluate statistical significance of the momentum slope. These statistics are presented in a top-right summary table for immediate interpretation. A bottom-right signal table also summarizes key takeaways with visual indicators. Features and Inputs ✅ Volatility-Adjusted Momentum : Reduces distortions from noisy price spikes. ✅ Custom Lookback Control : Set the number of bars to analyze regression. ✅ Extendable Trendlines : For continuous visualization into the future. ✅ Deviation Bands : Optional ±σ multipliers to detect abnormal price action. ✅ Contextual Tables : Help determine strength, direction, and significance of momentum. ✅ Separate Pane Design : Cleanly isolates statistical momentum from price chart. How It Helps Traders 📉 Quantitative Strategy Validation: Use the regression results to confirm whether a momentum-based strategy is worth pursuing on a specific asset or timeframe. 🔍 Regime Detection: Track when momentum breaks down or reverses. Slope changes, drops in R², or weak t-stats can signal regime shifts. 📊 Trade Filtering: Avoid false positives by entering trades only when momentum is both statistically significant and directionally favorable. 📈 Backtest Preparation: Before running costly simulations, use this tool to pre-screen assets for exploitable return structures. When to Use It Before building or deploying a momentum strategy : Test if momentum exists and is statistically reliable. During market transitions : Detect early signs of fading strength or reversal. As part of an edge-stacking framework : Combine with other filters such as volatility compression, volume surges, or macro filters. Conclusion The Momentum Regression indicator offers a powerful fusion of statistical analysis and visual interpretation. By combining volatility-adjusted returns with real-time linear regression modeling, it helps quantify and qualify one of the most studied and traded anomalies in finance: momentum.
Penunjuk Pine Script®
oleh BackQuant
3
Contrarian RSIContrarian RSI Indicator Pairs nicely with Contrarian 100 MA (optional hide/unhide buy/sell signals) Description The Contrarian RSI is a momentum-based technical indicator designed to identify potential reversal points in price action by combining a unique RSI calculation with a predictive range model inspired by the "Contrarian 5 Levels" logic. Unlike traditional RSI, which measures price momentum based solely on price changes, this indicator integrates a smoothed, weighted momentum calculation and predictive price ranges to generate contrarian signals. It is particularly suited for traders looking to capture reversals in trending or range-bound markets. This indicator is versatile and can be used across various timeframes, though it performs best on higher timeframes (e.g., 1H, 4H, or Daily) due to reduced noise and more reliable signals. Lower timeframes may require additional testing and careful parameter tuning to optimize performance. How It Works The Contrarian RSI combines two primary components: Predictive Ranges (5 Levels Logic): This calculates a smoothed price average that adapts to market volatility using an ATR-based mechanism. It helps identify significant price levels that act as potential support or resistance zones. Contrarian RSI Calculation: A modified RSI calculation that uses weighted momentum from the predictive ranges to measure buying and selling pressure. The result is smoothed and paired with a user-defined moving average to generate clear signals. The indicator generates buy (long) and sell (exit) signals based on crossovers and crossunders of user-defined overbought and oversold levels, making it ideal for contrarian trading strategies. Calculation Overview Predictive Ranges (5 Levels Logic): Uses a custom function (pred_ranges) to calculate a dynamic price average (avg) based on the ATR (Average True Range) multiplied by a user-defined factor (mult). The average adjusts only when the price moves beyond the ATR threshold, ensuring responsiveness to significant price changes while filtering out noise. This calculation is performed on a user-specified timeframe (tf5Levels) for multi-timeframe analysis. Contrarian RSI: Compares consecutive predictive range values to calculate gains (g) and losses (l) over a user-defined period (crsiLength). Applies a Gaussian weighting function (weight = math.exp(-math.pow(i / crsiLength, 2))) to prioritize recent price movements. Computes a "wave ratio" (net_momentum / total_energy) to normalize momentum, which is then scaled to a 0–100 range (qrsi = 50 + 50 * wave_ratio). Smooths the result with a 2-period EMA (qrsi_smoothed) for stability. Moving Average: Applies a user-selected moving average (SMA, EMA, WMA, SMMA, or VWMA) with a customizable length (maLength) to the smoothed RSI (qrsi_smoothed) to generate the final indicator value (qrsi_ma). Signal Generation: Long Entry: Triggered when qrsi_ma crosses above the oversold level (oversoldLevel, default: 1). Long Exit: Triggered when qrsi_ma crosses below the overbought level (overboughtLevel, default: 99). Entry and Exit Rules Long Entry: Enter a long position when the Contrarian RSI (qrsi_ma) crosses above the oversold level (default: 1). This suggests the asset is potentially oversold and due for a reversal. Long Exit: Exit the long position when the Contrarian RSI (qrsi_ma) crosses below the overbought level (default: 99), indicating a potential overbought condition and a reversal to the downside. Customization: Adjust overboughtLevel and oversoldLevel to fine-tune sensitivity. Lower timeframes may benefit from tighter levels (e.g., 20 for oversold, 80 for overbought), while higher timeframes can use extreme levels (e.g., 1 and 99) for stronger reversals. Timeframe Considerations Higher Timeframes (Recommended): The indicator is optimized for higher timeframes (e.g., 1H, 4H, Daily) due to its reliance on predictive ranges and smoothed momentum, which perform best with less market noise. These timeframes typically yield more reliable reversal signals. Lower Timeframes: The indicator can be used on lower timeframes (e.g., 5M, 15M), but signals may be noisier and require additional confirmation (e.g., from price action or other indicators). Extensive backtesting and parameter optimization (e.g., adjusting crsiLength, maLength, or mult) are recommended for lower timeframes. Inputs Contrarian RSI Length (crsiLength): Length for RSI momentum calculation (default: 5). RSI MA Length (maLength): Length of the moving average applied to the RSI (default: 1, effectively no MA). MA Type (maType): Choose from SMA, EMA, WMA, SMMA, or VWMA (default: SMA). Overbought Level (overboughtLevel): Upper threshold for exit signals (default: 99). Oversold Level (oversoldLevel): Lower threshold for entry signals (default: 1). Plot Signals on Main Chart (plotOnChart): Toggle to display signals on the price chart or the indicator panel (default: false). Plotted on Lower: Plotted on Chart: 5 Levels Length (length5Levels): Length for predictive range calculation (default: 200). Factor (mult): ATR multiplier for predictive ranges (default: 6.0). 5 Levels Timeframe (tf5Levels): Timeframe for predictive range calculation (default: chart timeframe). Visuals Contrarian RSI MA: Plotted as a yellow line, representing the smoothed Contrarian RSI with the applied moving average. Overbought/Oversold Lines: Red line for overbought (default: 99) and green line for oversold (default: 1). Signals: Blue circles for long entries, white circles for long exits. Signals can be plotted on the main chart (plotOnChart = true) or the indicator panel (plotOnChart = false). Usage Notes Use the indicator in conjunction with other tools (e.g., support/resistance, trendlines, or volume) to confirm signals. Test extensively on your chosen timeframe and asset to optimize parameters like crsiLength, maLength, and mult. Be cautious with lower timeframes, as false signals may occur due to market noise. The indicator is designed for contrarian strategies, so it works best in markets with clear reversal patterns. Disclaimer This indicator is provided for educational and informational purposes only. Always conduct thorough backtesting and risk management before using any indicator in live trading. The author is not responsible for any financial losses incurred.
Penunjuk Pine Script®
oleh chuckaschultz