Heikin Ashi MTF Trend [Pt]█ Introduction
The Heikin Ashi MTF Trend indicator takes a simple approach to understand the trend by visualizing Heikin Ashi candle colors across multiple timeframes and representing it in a simple and visual manner. It utilizes the Heikin Ashi (HA) candles across four custom timeframes to detect trend shifts and strength. The indicator also offers alert conditions for potential bullish and bearish trend shifts.
█ Features
► Multiple Timeframes (MTF) Trend Detection: The script fetches HA data from four different timeframes. This multi-timeframe approach gives a holistic view of the market sentiment.
► Weighted Trend Score: The individual trend scores of the four timeframes are multiplied with their respective weights and summed up to provide a cumulative trend score that is used to determine bar colors and trend shifts.
► Visual Trend Depiction : It displays the trend using default green/red squares for each timeframe and a gradient-filled bar to represent the cumulative trend score.
► Trend Change Alerts: Users can set alerts for bullish and bearish trend shifts.
█ Alerts
◊ Bull Trend Signal Alert: Alert when there is a bullish trend shift.
◊ Bear Trend Signal Alert: Alert when there is a bearish trend shift.
█ Usage Tips
◊ The greater the discrepancy in the weights across the timeframes, the more emphasis is placed on the higher weighted timeframe.
◊ While the gradient bar provides a quick trend overview, it's essential to view the trend squares to understand the individual timeframe sentiments.
◊ Always consider using this tool in conjunction with other indicators or methods for confirmation and enhanced trading strategy.
Happy Trading~~
Cari dalam skrip untuk "alert"
MTF MAs and Crosses Nexus [DarkWaveAlgo]🧾 Description:
A nexus is a connection, link, or neuronal junction where signals and information are transmitted between different elements.
The MTF MAs and Crosses Nexus indicator serves as a nexus between MTF Moving Averages by facilitating the visualization and interaction of up to eight multi-timeframe moving averages, each with its own customizable timeframe, period, cross-over and cross-under alerts and plot markers, moving average calculation type, and price source.
It acts as a utility/control center that brings together multiple MTF moving averages (MTF MAs) and allows you to visualize the interactions between them with exceptional ease-of-use and customizability, helping to provide you with valuable insights into potential trend reversals, momentum shifts, and trading opportunities.
💡 Originality and Usefulness:
While there are other multi-timeframe moving average indicators available, MTF MAs and Crosses Nexus' customizable alert and signal settings offer intra-indicator MTF moving average cross markers and alerts not seen in other MTF MA indicators, allowing you to visualize the cross-over and cross-under relationships between the indicator's MAs with an 'all-in-one' experience. We also believe it stands above the rest with its sheer quantity and quality of settings, features, and usability.
✔️ Re-Published to Avoid Misleading Values
This script has been re-published to ensure that it does not use `request.security()` calls using lookahead_on to access future data when referencing moving averages from other timeframes. This decreases the likelihood that the indicator will provide deceiving values. This change has been made in accordance with the PineScript documentation: "Using barmerge.lookahead_on at timeframes higher than the chart's without offsetting the `expression` argument like in `close ` will introduce future leak in scripts, as the function will then return the `close` price before it is actually known in the current context" and the Publishing Rule: "Do not use `request.security()` calls using lookahead to access future data".
💠 Features:
8 toggleable MTF Moving Averages with customizable timeframes, periods, moving average calculation types, and price sources
Customizable cross-over and cross-under alert and chart signal options for each MTF MA (toggleable cross alerts and signals for crosses between intra-indicator MAs and bar price values)
Aesthetic and flexible coloring and color theme styling options
End-of chart labels and options for ease-of-use and legibility
⚙️ Settings:
Use a Color Theme: When this setting is enabled, all manual 'Bullish and Bearish Colors' are overridden. All plots will use the colors from your selected Color Theme - excepting those plots set to use the 'Single Color' coloring method.
Color Theme: When 'Use a Color Theme' is enabled, this setting allows you to select the color theme you wish to use.
Hide MAs on Timeframes Lower Than the Chart: When this setting is enabled, any MTF MA with a timeframe smaller than that of the chart the indicator is applied to will be hidden from view.
Enable: Show/hide a specific MTF MA.
Timeframe: Set the timeframe for a specific MTF MA.
Period: Set the lookback period for a specific MTF MA.
Type: Set the calculation type for a specific MTF MA. Options include: Exponential, Simple, Weighted, Volume-Weighted, and Hull.
Source Price: Set the source value used for a specific MTF MA's calculation.
Enable Cross Over Signals & Alerts: When enabled, cross-over chart signals (markers) and alerts are enabled for when this specific MTF MA crosses above its respective 'Cross Over Cross Source'.
Enable Cross Under Signals & Alerts: When enabled, cross-under chart signals (markers) and alerts are enabled for when this specific MTF MA crosses below its respective 'Cross Under Cross Source'.
Cross Source: Set the target plot which this specific MTF MA must cross (for either a cross-over or cross-under event) to trigger a chart signal and alert.
Marker Position: Set the position where this specific MTF MA's cross chart signal should appear. Options include: Above Bar, Below Bar, and On MA Line.
Coloring Method: Set the coloring method for this specific MA. The coloring method defines how the MA should be dynamically colored. Options include: Single Color, Increasing/Decreasing, and Over/Under Price.
Bullish Color: When 'Use a Color Theme' is disabled, this will set the 'bullish color' for this specific MTF MA.
Bearish Color: When 'Use a Color Theme' is disabled, this will set the 'bearish color' for this specific MTF MA.
Single Color: When the 'Coloring Method' is set to Single Color for this specific MA, this color option will set the MA's color.
Enable Label: When enabled, a label will show at the end of the chart displaying the timeframe, period, MA type, and current price value of this specific MTF MA.
Size: Sets the font size of this specific MTF MA's label.
Label Offset (in Bars): Sets the distance from the latest bar, in bars, at which this specific MTF MA's label is displayed.
Show Label Line: When enabled, this specific MTF MA's label will be accommodated by a dashed line connecting it to its plot.
📈 Chart:
The chart shown in this original publication displays the 15 minute chart on BTCUSDT. Displayed on the chart are 4 MTF MAs: the 15m 20 WMA, 30m 100 EMA, 1h 11 EMA, and 1D 7 VWMA - offering an exemplary view of how you can use these MTF MAs and crosses to your advantage in gauging trend relationships across multiple timeframes.
Percent Change IndicatorPercent Change Indicator Description
Overview:
The Percent Change Indicator is a Pine Script (version 6) indicator designed for TradingView to calculate and visualize the percentage change of the current close price relative to a user-selected reference price. It provides a customizable interface to display percentage changes as candlesticks or a line plot, with optional horizontal lines and labels for key levels. The indicator also includes visual signals and alerts for user-defined percentage thresholds, making it useful for identifying significant price movements.
Key Features:
1. Percentage Change Calculation:
- Computes the percentage change of the current close price compared to a reference price, scaled by a user-defined length parameter.
- Formula: percentChange = (close - refPrice) / refPrice * len
- The reference price is sourced from a user-selected timeframe (default: 1D) and price type (Open, High, Low, Close, HL2, HLC3, or HLCC4).
2. Visualization Options:
- Candlestick Plot: Displays percentage change as candlesticks, colored green for rising values and red for falling values.
- Line Plot: Plots the percentage change as a line, with the same color logic.
- Horizontal Lines: Optional horizontal lines at key percentage levels (0%, ±0.2%, ±0.5%, ±0.8%, ±1%) for reference.
- Labels: Optional labels for percentage levels (0, ±15%, ±35%, ±50%, ±65%, ±85%, ±100%) displayed at the chart's right edge.
- All visualizations are toggleable via input settings.
3. Signal and Alert System:
- Threshold-Based Signals: Plots green triangles below bars for long signals (percent change above a user-defined threshold) and red triangles above bars for short signals (percent change below the threshold).
- Alerts: Configurable alerts for long and short conditions, triggered when the percentage change crosses the user-defined threshold (default: 2%). Alert messages include the threshold value for clarity.
4. Customizable Inputs:
- Show Labels: Toggle visibility of percentage level labels (default: true).
- Show Percentage Change: Toggle the line plot of percentage change (default: true).
- Show HLines: Toggle visibility of horizontal reference lines (default: false).
- Show Candle Plot: Toggle the candlestick plot (default: true).
- Percent Change Length: Adjust the scaling factor for percentage change (default: 14).
- Plot Timeframe: Select the timeframe for the reference price (default: 1D).
- Price Type: Choose the reference price type (Open, High, Low, Close, HL2, HLC3, HLCC4; default: Open).
- Percentage Threshold: Set the threshold for long/short signals and alerts (default: 0.02 or 2%).
How It Works:
- The indicator fetches the reference price using request.security() based on the selected timeframe and price type.
- It calculates the percentage change and scales it by the user-defined length.
- Visuals (candlesticks, lines, labels, horizontal lines) are plotted based on user preferences.
- Long and short signals are generated when the percentage change exceeds or falls below the user-defined threshold, with corresponding triangles plotted and alerts triggered.
Use Cases:
- Trend Identification: Monitor significant price movements relative to a reference price.
- Signal Generation: Identify potential entry/exit points based on percentage change thresholds.
- Custom Analysis: Analyze price changes across different timeframes and price types for various trading strategies.
- Alert Notifications: Receive alerts for significant price movements to stay informed without constant chart monitoring.
Setup Instructions:
1. Add the indicator to a TradingView chart.
2. Adjust input settings (timeframe, price type, threshold, etc.) to suit your analysis.
3. Enable/disable visualization options (candlesticks, lines, labels, horizontal lines) as needed.
4. Set up alerts in TradingView:
- Go to the "Alerts" tab and select "Percent Change Indicator."
- Choose "Long Alert" or "Short Alert" to monitor threshold crossings.
- Configure alert frequency and notification method (e.g., email, webhook).
Notes:
- The indicator is non-overlay, displayed in a separate pane below the main chart.
- Alerts trigger on bar close by default; adjust TradingView alert settings for real-time notifications if needed.
- The indicator is released under the Mozilla Public License 2.0.
Author: Dshergill
This indicator is ideal for traders seeking a flexible tool to track percentage-based price movements with customizable visuals and alerts.
EWMA & EWVar + EWStd Expansion with MTF_V.5EWMA & EWVar + EWStd Expansion with MTF_V.5
This indicator combines adaptive trend smoothing (EWMA), variance estimation (EWVar) and dynamic volatility “bursts” (EWStd Expansion) with optional higher-timeframe confirmation. It’s designed both for visual chart analysis and for automated alerts on regime changes.
Key Features
EWMA (Exponential Smoothing):
• Computes an exponential moving average with either a custom α or a length-derived α = 2/(N+1).
• Option to recalculate only every N bars (reduces CPU load).
EWVar & EWStd (Variance & Standard Deviation):
• Exponentially weighted variance tracks recent price dispersion.
• EWStd (σ) is computed alongside the EWMA.
• Z-score (deviation in σ units) shows how far price has diverged from trend.
Multi-Timeframe Filter (MTF):
• Optionally require the same trend direction on a chosen higher timeframe (e.g. Daily, Weekly, H4).
• Real-time lookahead available (may repaint).
Gradient Around EWMA:
• A multi-layer “glow” zone of ±1σ, broken into up to 10 steps.
• Color interpolates between “upper” and “lower” shades for bullish, bearish and neutral regimes.
Instantaneous Trendline (ITL):
• Ultra-fast trend filter with slope-based coloring.
• Highlights micro-trends and short-lived accelerations.
Cross-Over Signals (ITL ↔ EWMA):
• Up/down triangles plotted when the ITL crosses the main EWMA.
EWStd Expansion (Volatility Bursts):
• Automatically detects σ expansions (σ growth above a set % threshold).
• Price filter: only when price moves beyond EWMA ± (multiplier·σ).
• Optional higher-timeframe confirmation.
Labels & Alerts:
• Text labels and circular markers on bars where a volatility burst occurs.
• Built-in alertcondition calls for both bullish and bearish expansions.
How to Use
Visual Analysis:
• The gradient around EWMA shows the width of the volatility channel expanding or contracting.
• ITL color changes instantly highlight short-term impulses.
• EWMA line color switches (bullish/bearish/neutral) indicate trend state.
Spotting Volatility Breakouts:
• “EWStd Expansion” labels and circles signal the onset of strong moves when σ spikes.
• Useful for entering at the start of new impulses.
Automated Alerts:
• Set alerts on the built-in conditions “Bullish EWStd Expansion Alert” or “Bearish EWStd Expansion Alert” to receive a popup or mobile push when a burst occurs.
This compact tool unifies trend, volatility and multi-timeframe analysis into a single indicator—ideal for traders who want to see trend direction, current dispersion, and timely volatility burst signals all at once.
MA Deviation// -----------------------------------------------------------------------------
// MA Deviation Marking & Alert (MA Divergence)
// -----------------------------------------------------------------------------
// Short Title: MA Deviation Radar
// Author: zhipeng luo
// Version: 1.0
// Date: 2025-04-11
// -----------------------------------------------------------------------------
// Overview:
// This indicator identifies and highlights price bars where the closing price
// deviates significantly from its Simple Moving Average (SMA) by a user-defined
// percentage. It visually marks these bars on the chart and provides
// configurable alert conditions for threshold breaches.
//
// How it Works:
// 1. Calculates the Simple Moving Average (SMA) based on the 'MA Period' input.
// 2. Computes the percentage deviation of the closing price from the SMA value.
// Formula: `((Close - SMA) / SMA) * 100`
// 3. Compares the calculated deviation percentage against the positive and
// negative 'Threshold (%)' input values.
// 4. Marks the background of the price bars when a threshold is exceeded:
// - Red Background: Price deviation is greater than the positive threshold.
// - Green Background: Price deviation is less than the negative threshold.
// 5. Includes an optional, non-visible plot of the MA line itself.
// 6. Offers three distinct alert conditions for automation and notifications.
//
// Features:
// - Customizable Simple Moving Average period.
// - Adjustable deviation threshold percentage.
// - Clear visual signals using background colors on the main chart.
// - Built-in Alert Conditions:
// - MA Positive Deviation Alert (Triggers when price > MA + Threshold %)
// - MA Negative Deviation Alert (Triggers when price < MA - Threshold %)
// - MA Deviation Alert - Any (Triggers on either positive or negative breach)
//
// How to Use:
// - Identify Potential Extremes: Useful for spotting potential overbought (large
// positive deviation) or oversold (large negative deviation) conditions
// which might precede price corrections or mean reversion.
// - Gauge Trend Extension: Extreme deviations can sometimes indicate that a
// trend is overextended and might be due for a pause or reversal.
// - Parameter Tuning: Adjust the 'MA Period' and '(Threshold %)' settings to
// suit the specific asset, timeframe, and volatility characteristics you
// are analyzing. Lower thresholds yield more signals; higher thresholds
// focus on more significant deviations.
// - Alerts: Set up alerts via the TradingView alert menu using the provided
// conditions ("MA Positive Deviation Alert", "MA Negative Deviation Alert",
// "MA Deviation Alert - Any") to get notified of potential setups.
//
// Parameters:
// - MA Period (Default: 200): The lookback period for the SMA calculation.
// - (Threshold %) (Default: 7.0): The percentage deviation (positive and
// negative) from the MA required to trigger a background signal and alert.
//
// Alerts & Important Note:
// Three alert conditions corresponding to the signals are available:
// 1. "MA Positive Deviation Alert"
// 2. "MA Negative Deviation Alert"
// 3. "MA Deviation Alert - Any"
//
// ***Please Note:*** The value shown after "( {{plot_0}}%)" or
// "( {{plot_0}}%)" in the default alert message refers to the
// **Moving Average value** (`plot_0`), not the actual deviation percentage.
// The alert *triggers correctly* based on the deviation percentage crossing
// the threshold, but the number displayed by the `{{plot_0}}` placeholder
// in the message is the MA's value at that time due to the script's
// internal plot order.
//
// Disclaimer: This indicator is provided for informational and analytical
// purposes only. It does not constitute financial advice or a recommendation
// to buy or sell any asset. Always conduct your own research and use proper
// risk management. Trading involves significant risk.
// -----------------------------------------------------------------------------
Risk MeterRisk Meter Indicator for TradingView
The Risk Meter is a powerful market risk assessment tool designed to help traders evaluate the current risk environment using a simple, data-driven score. By analyzing four critical market factors—VIX (volatility index), market breadth, trailing volatility, and credit spreads—the indicator generates a risk score between 0 and 4. This score empowers traders to make informed decisions about hedging, exiting positions, or re-entering the market, with clear visual cues and alerts for intraday monitoring.
What It Does
Calculates a Risk Score: Assigns a score from 0 to 4, where each point reflects an active risk condition based on four market indicators.
Identifies Risk Levels:
A score of 3 or higher indicates a high-risk environment, suggesting traders consider hedging or reducing exposure.
A score of 2 or lower for at least two consecutive days signals a potential opportunity to re-enter the market.
Provides Visual Feedback: Uses color-coded Columns, threshold markers, and a component table for quick interpretation.
Supports Decision-Making: Offers a structured approach to managing risk and timing trades.
How It Works
The Risk Meter aggregates four key risk conditions, each contributing 1 point to the total score when triggered:
Elevated and Rising VIX (Risk 1)
Condition: The VIX is above 18 and higher than it was 20 days ago.
Purpose: Detects increasing market fear or uncertainty.
Market Breadth Dropping (Risk 2)
Condition: Either:
Fewer than 50% of S&P 500 stocks are above their 200-day moving average and fewer than 70% are above their 50-day moving average, or
The 3-day EMA of the 200-day breadth falls below 80% of its 20-day SMA.
Purpose: Identifies weakening participation across the market.
Trailing Volatility (Risk 3)
Condition: The 30-day annualized volatility of the equal-weight S&P 500 (RSP) exceeds 35%.
Purpose: Highlights periods of heightened price instability.
Credit Spreads (Risk 4)
Condition: The price ratio of high-yield bonds (HYG) to Treasuries (TLT or IEF) is lower than it was 20 days ago, indicating widening credit spreads.
Purpose: Signals potential stress in credit markets.
The total risk score is the sum of these conditions (0 to 4). Additionally, the indicator tracks consecutive days with a score of 2 or lower to generate re-entry signals.
How to Read It Intraday
The Risk Meter is built on daily data but can be monitored intraday for real-time insights. Here’s how traders can interpret it:
Risk Score Plot:
Displayed as a step line ranging from 0 to 4.
Colors:
Red: High risk (score ≥ 3) – caution advised.
Green: Re-entry signal – score ≤ 2 for at least two consecutive days (triggered when the count increments from 1 to 2).
Blue: Neutral or low risk (score < 3 without a re-entry signal).
Threshold Lines:
Dashed Gray Line at 3: Marks the high-risk threshold.
Dotted Gray Line at 2: Indicates the low-risk threshold for re-entry signals.
Risk Component Table:
Located in the top-right corner, it lists:
VIX, Breadth, Volatility, and Credit Spreads.
Status: Shows "" (warning, red) if the risk condition is met, or "✓" (safe, blue) if not.
Helps traders pinpoint which factors are driving the score.
Alerts:
High Risk Alert: Triggers when the score moves from < 3 to ≥ 3.
Re-entry Signal Alert: Triggers when the score ≤ 2 for two consecutive days.
Intraday Usage Tips
Check the indicator throughout the day for early signs of risk shifts, especially if the score is near a threshold (e.g., 2 or 3).
Combine with other intraday tools (e.g., price action, volume) since the Risk Meter updates daily but reflects broader market conditions.
How Traders Can Use It
High-Risk Signal (Score ≥ 3):
Consider hedging positions (e.g., with options) or reducing equity exposure to protect against potential downturns.
Re-entry Signal (Score ≤ 2 for 2+ Days):
Look to re-enter the market or increase exposure, as it suggests stabilizing conditions.
Daily Risk Management:
Use the score and table to assess overall market health and adjust strategies accordingly.
Alert-Driven Trading:
Set up alerts to stay notified of critical risk changes without constant monitoring.
Why Use the Risk Meter?
This indicator offers a systematic, multi-factor approach to risk assessment, blending volatility, breadth, and credit market data into an easy-to-read score. Whether you’re an intraday trader or a longer-term investor, the Risk Meter helps you stay proactive, avoid surprises, and time your trades with greater confidence.
Financial Risk Disclaimer for the Risk Meter Tool
Important Notice: The Risk Meter is a market risk assessment tool designed to provide insights into current market conditions based on historical data and predefined indicators. It is intended for informational and educational purposes only and should not be considered financial advice, a recommendation to buy or sell any securities, or a guarantee of future market performance.
Key Considerations
No Guarantee of Accuracy: While the Risk Meter utilizes reliable data sources and established financial metrics, the creators do not guarantee the accuracy, completeness, or timeliness of the information provided. Financial markets are complex and subject to rapid, unpredictable changes, and the tool’s output may not fully reflect all market dynamics.
Market Risks: Trading and investing in financial markets carry significant risks, including the potential loss of principal. Market volatility, economic shifts, and other factors can lead to unexpected outcomes. Past performance is not a reliable indicator of future results, and the Risk Meter’s assessments are based on historical data, not future predictions.
Not a Substitute for Professional Advice: The Risk Meter is not intended to replace personalized financial guidance. Users are strongly encouraged to consult a qualified financial advisor, perform their own research, and evaluate their personal financial situation, risk tolerance, and investment objectives before making any trading or investment decisions.
Limitation of Liability: The creators of the Risk Meter, including any affiliates, developers, or contributors, are not liable for any direct, indirect, incidental, or consequential losses or damages arising from the use of this tool. This includes, but is not limited to, financial losses, missed opportunities, or decisions based on the tool’s output.
User Responsibility: By using the Risk Meter, you accept full responsibility for your trading and investment decisions. You acknowledge that you use the tool at your own risk and that the creators bear no responsibility for any outcomes resulting from its use.
Final Note
The Risk Meter is a supplementary tool designed to enhance your understanding of market risk. It is not a comprehensive solution for investment management. Approach trading and investing with caution, ensuring your decisions align with your personal financial strategy.
Trend with ADX/EMA - Buy & Sell SignalsThis script is designed to help traders make buy and sell decisions based on trend analysis using two key methods: ADX (Average Directional Index) and EMA (Exponential Moving Averages). Here's a breakdown in simple terms:
What Does It Do?
Identifies the Trend's Strength and Direction:
Uses the ADX indicator to determine how strong the trend is.
Compares two lines (DI+ and DI−) to identify whether the trend is moving up or down.
Generates Buy and Sell Signals:
Uses two EMAs (a fast one and a slow one) to check when the price crosses key levels, signaling a possible buy or sell opportunity.
Plots visual indicators (arrows and labels) for easy interpretation.
Color-Codes the Chart:
Highlights the background in green when the trend is bullish (uptrend).
Highlights the background in red when the trend is bearish (downtrend).
Alerts the User:
Creates alerts when specific conditions for buying or selling are met.
Key Components:
1. ADX (Trend Strength & Direction)
What is ADX?
ADX measures how strong the trend is (not the direction). Higher ADX means a stronger trend.
It also calculates two lines:
DI+: Measures upward movement strength.
DI−: Measures downward movement strength.
How It Works in the Script:
If DI+ is greater than DI−, it’s a bullish trend (upward).
If DI− is greater than DI+, it’s a bearish trend (downward).
The background turns green for an uptrend and red for a downtrend.
2. EMA (Buy and Sell Decisions)
What is EMA?
EMA is a moving average that gives more weight to recent prices. It’s used to smooth out price fluctuations.
How It Works in the Script:
The script calculates two EMAs:
Fast EMA (short-term average): Reacts quickly to price changes.
Slow EMA (long-term average): Reacts slower and shows overall trends.
When the Fast EMA crosses above the Slow EMA, it’s a signal to Buy.
When the Fast EMA crosses below the Slow EMA, it’s a signal to Sell.
These signals are marked on the chart as "Buy" and "Sell" labels.
3. Buy and Sell Alerts
The script sets up alerts for the user:
Buy Alert: When a crossover indicates a bullish signal.
Sell Alert: When a crossunder indicates a bearish signal.
Visual Elements on the Chart:
Background Colors:
Green: When the DI+ line indicates an uptrend.
Red: When the DI− line indicates a downtrend.
EMA Lines:
Green Line: Fast EMA.
Red Line: Slow EMA.
Buy/Sell Labels:
"Buy" label: Shown when the Fast EMA crosses above the Slow EMA.
"Sell" label: Shown when the Fast EMA crosses below the Slow EMA.
Why Use This Script?
Trend Analysis: Helps you quickly identify the strength and direction of the market trend.
Buy/Sell Signals: Gives clear signals to enter or exit trades based on trend and EMA crossovers.
Custom Alerts: Ensures you never miss a trading opportunity by notifying you when conditions are met.
Visual Simplicity: Makes it easy to interpret trading signals with color-coded backgrounds and labeled arrows.
RSI BB StdDev SignalOverview
The RSI BB StdDev Signal Indicator is a powerful tool designed to enhance your trading strategy by combining the Relative Strength Index (RSI) with Bollinger Bands (BB). This unique combination allows traders to identify potential buy and sell signals more accurately by leveraging the strengths of both indicators. The RSI helps in identifying overbought and oversold conditions, while the Bollinger Bands provide a dynamic range to assess volatility and potential price reversals.
Key Features
— RSI Calculation: The indicator calculates the RSI based on user-defined parameters, allowing for customization to fit different trading styles.
— Bollinger Bands Integration: The RSI values are smoothed using a moving average, and Bollinger Bands are applied to this smoothed RSI to generate buy and sell signals.
— Divergence Detection: The indicator includes an optional feature to detect and alert on bullish and bearish divergences between the RSI and price action.
— Customizable Alerts: Users can set up alerts for buy and sell signals, as well as for divergences, ensuring they never miss a trading opportunity.
— Visual Aids: The indicator plots the RSI, Bollinger Bands, and signals on the chart, making it easy to visualize and interpret the data.
How It Works
1. RSI Calculation:
— The RSI is calculated using the change in the source input (default is close price) over a specified period.
— The RSI values are then plotted on the chart with customizable overbought and oversold levels.
2. Smoothing and Bollinger Bands:
— The RSI values are smoothed using a moving average (SMA, EMA, SMMA, WMA, VWMA) selected by the user.
— Bollinger Bands are applied to the smoothed RSI to create dynamic upper and lower bands.
3. Signal Generation:
—Buy signals are generated when the RSI crosses above the lower Bollinger Band.
—Sell signals are generated when the RSI crosses below the upper Bollinger Band.
—These signals are plotted on both the RSI pane and the main price chart for easy reference.
4. Divergence Detection:
— The indicator can detect and alert on regular bullish and bearish divergences between the RSI and price action.
— Bullish divergences occur when the price makes a lower low, but the RSI makes a higher low.
— Bearish divergences occur when the price makes a higher high, but the RSI makes a lower high.
Usage
1. Setting Up:
— Add the indicator to your TradingView chart.
— Customize the RSI length, source, and other parameters in the settings panel.
— Enable or disable the divergence detection based on your trading strategy.
2. Interpreting Signals:
— Use the buy and sell signals generated by the RSI crossing the Bollinger Bands as potential entry and exit points.
— Pay attention to divergences for additional confirmation of trend reversals.
3. Alerts:
— Set up alerts for buy and sell signals to receive notifications in real-time.
— Enable divergence alerts to be notified of potential trend reversals.
Conclusion
The RSI BB StdDev Signal Indicator is a comprehensive tool that combines the strengths of the RSI and Bollinger Bands to provide traders with more accurate and reliable signals. Whether you are a beginner or an experienced trader, this indicator can enhance your trading strategy by offering clear visual cues and customizable alerts.
Note
This indicator is provided with open-source code, allowing users to understand its logic and customize it further if needed. The detailed description and customizable settings ensure that traders of all levels can benefit from its unique features.
ABC PatternThe indicator, named "ABC Pattern," is designed to identify specific bullish and bearish patterns on a price chart. Here's a simple explanation of what it does:
What the Indicator Does:
1. Identifies Bullish Patterns:
- The indicator looks for a sequence of candles where certain conditions are met to form a bullish pattern.
- When it detects a bullish pattern, it colors the candle that occurred three periods ago in gold.
2. Identifies Bearish Patterns:
- Similarly, it looks for a sequence of candles where certain conditions are met to form a bearish pattern.
- When it detects a bearish pattern, it colors the candle that occurred three periods ago in pinkish.
3. Creates Alerts:
- Whenever a bullish or bearish pattern is identified, the indicator generates an alert.
- The alert message includes the type of pattern (bullish or bearish), the price level at the time of detection, and the date and time of the pattern formation.
Detailed Conditions:
- Bullish Pattern:
- The current candle closes higher than it opened.
- The previous candle also closes higher than it opened.
- Two candles ago, the candle closed lower than it opened.
- Three candles ago, the candle closed higher than it opened.
- The highest price of two candles ago is below the current close.
- The lowest price of three candles ago is above the close of two candles ago.
- The highest price of three candles ago is below the current close.
- Bearish Pattern:
- The current candle closes lower than it opened.
- The previous candle also closes lower than it opened.
- Two candles ago, the candle closed higher than it opened.
- Three candles ago, the candle closed lower than it opened.
- The lowest price of two candles ago is above the current close.
- The highest price of three candles ago is below the close of two candles ago.
- The lowest price of three candles ago is above the current close.
Visual Representation:
- Gold Color: Indicates a detected bullish pattern.
- Pinkish Color: Indicates a detected bearish pattern.
Alerts:
- Alert Message: "ABC Pattern has appeared!"
- Detailed Alerts: Include the type of pattern, price level, and timestamp for better analysis and decision-making.
This indicator helps traders visually and audibly detect potential bullish and bearish patterns on their charts, aiding in making more informed trading decisions.
Scoopy StacksWaffle Around Multiple
(Open, High, Low, Close) Stacks On
Pre/Post Market & (Daily, Weekly,
Monthly, Yearly) Sessions With
Meticulous Columns, Rows, Tooltips,
Colors, Custom Ideas, and Alerts.
Sessions Use Two Step Incremental Values
Default Value: (1) Shows Two Previous
(O, H, L, C); Increasing Value Swaps
Sessions With Next Two Stacks.
⬛️ KEY WORDS:
🟢 Crossover | 🔴 Crossunder
📗 High | 📕 Low
📔 Open | 📓 Close
🥇 First Idea | 🥈 Second Idea
🥉 Third Idea | 🎖️ Fourth Idea
🟥 ALERTS:
Default Option: (Per Bar)
Alerts Once Conditions Are Met
(Bar Close) Alerts When Bar Closes
Default Option: (Reg)
Alerts During Regular Market
Trading Hours, (0930-1600)
(Ext) Alerts During Extended
Market Hours, (1600-0930)
(24/7) Alerts All Day
Optional Preferences:
Regular Alerts - Stocks
Extended Alerts - Futures
24/7 Alerts - Crypto
🟧 STACKS:
Default Value: (1)
Incremental Stack Value, Increasing Value
Swaps Sessions With the Next Two Stacks
(✓) Swap Stacks?
Pre/Post Market High/Lows,
1-2 Day High/Lows, 1-2 Week High/Lows,
1-2 Month High/Lows, 1-2 Year High/Lows
( ) Swap Stacks?
Pre/Post Market Open/Close,
1-2 Day Open/Close, 1-2 Week Open/Close,
1-2 Month Open/Close, 1-2 Year Open/Close
🟨 EXAMPLES:
Default Stack:
🟢 | 📗 Pre Market High (PRE) | 4600.00
🔴 | 📕 Post Market Low (POST) | 420.00
Optional: (Open)
🟢 | 📔 Post Market Open (POST) | 4400.00
Optional: (Close)
🔴 | 📓 Pre Market Close (PRE) | 430.00
Default Stack Value: (1)
🔴 | 📗 1 Day High (1DH) | 460.00
Next Stack Value: (3)
🟢 | 📕 4 Day Low (4DL) | 420.00
Optional: (Open)
🔴 | 📔 2 Day Open (2DO) | 440.00
Optional: (Close)
🟢 | 📓 3 Day Close (3DC) | 430.00
Default Stack Value: (5)
🟢 | 📗 5 Week High (5WH) | 460.00
Next Stack Value: (7)
🔴 | 📕 8 Week Low (8WL) | 420.00
Optional: (Open)
🔴 | 📔 7 Week Open (7WO) | 4400.00
Optional: (Close)
🟢 | 📓 6 Week Close (6WC) | 430.00
Default Stack Value: (9)
🔴 | 📗 9 Month High (9MH) | 460.00
Next Stack Value: (11)
🟢 | 📕 12 Month Low (12ML) | 420.00
Optional: (Open)
🟢 | 📔 11 Month Open (11MO) | 4400.00
Optional: (Close)
🔴 | 📓 10 Month Close (10MC) | 430.00
Default Stack Value: (13)
🟢 | 📗 13 Year High (13YH) | 460.00
Next Stack Value: (15)
🟢 | 📕 16 Year Low (16YL) | 420.00
Optional: (Open)
🔴 | 📔 15 Year Open (15YO) | 4400.00
Optional: (Close)
🔴 | 📓 14 Year Close (14YC) | 430.00
🟩 TABLES:
Default Value: (1)
Moves Table Up, Down, Left, or Right
Based on Second Default Value
First Default Value: (Top Right)
Sets Table Placement, Middle Center
Allows Table To Move In All Directions
Second Default Value: (Default)
Fixed Table Position, Switching Values
Moves Direction of the Table
🟦 IDEAS:
(✓) Show Ideas?
Shows Four Ideas With Custom Texts
and Values; Ideas Are Based Around
Post-It Note Reminders with Alerts
Suggestions For Text Ideas:
Take Profit, Stop Loss, Trim, Hold,
Long, Short, Bounce Spot, Retest,
Chop, Support, Resistance, Buy, Sell
🟪 EXAMPLES:
Default Value: (5)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (🥇)
Shown On First Table Cell and
Message Appearing On Alerts
Alert Shows: 🟢 | 🥇 | 5.00
Default Value: (10)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (🥈)
Shown On Second Table Cell and
Message Appearing On Alerts
Alert Shows: 🔴 | 🥈 | 10.00
Default Value: (50)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (🥉)
Shown On Third Table Cell and
Message Appearing On Alerts
Alert Shows: 🟢 | 🥉 | 50.00
Default Value: (100)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (🎖️)
Shown On Fourth Table Cell and
Message Appearing On Alerts
Alert Shows: 🔴 | 🎖️ | 100.00
⬛️ REFERENCES:
Pre-market Highs & Lows on regular
trading hours (RTH) chart
By Twingall
Previous Day Week Highs & Lows
By Sbtnc
Screener for 40+ instruments
By QuantNomad
Daily Weekly Monthly Yearly Opens
By Meliksah55
Ribbit RangesBounce Around Multiple
(Open, High, Low, Close) Ranges
On Pre/Post Market & (Daily, Weekly,
Monthly, Yearly) Sessions With
Meticulous Lines, Labels, Tooltips,
Colors, Custom Ideas, and Alerts.
Sessions Use Two Step Incremental Values
Default Value: (1) Shows Two Previous
(O, H, L, C); Increasing Value Swaps
Sessions With Next Two Ranges.
⬛️ KEY WORDS:
🟢 Crossover | 🔴 Crossunder
📗 High | 📕 Low
📔 Open | 📓 Close
🥇 First Idea | 🥈 Second Idea
🥉 Third Idea | 🎖️ Fourth Idea
🟥 ALERTS:
Default Option: (Per Bar)
Alerts Once Conditions Are Met
(Bar Close) Alerts When Bar Closes
Default Option: (Reg)
Alerts During Regular Market
Trading Hours, (0930-1600)
(Ext) Alerts During Extended
Market Hours, (1600-0930)
(24/7) Alerts All Day
Optional Preferences:
Regular Alerts - Stocks
Extended Alerts - Futures
24/7 Alerts - Crypto
🟧 RANGES:
Default Value: (1)
Incremental Range Value, Increasing Value
Swaps Sessions With the Next Two Ranges
(✓) Swap Ranges?
Pre/Post Market High/Lows,
1-2 Day High/Lows, 1-2 Week High/Lows,
1-2 Month High/Lows, 1-2 Year High/Lows
( ) Swap Ranges?
Pre/Post Market Open/Close,
1-2 Day Open/Close, 1-2 Week Open/Close,
1-2 Month Open/Close, 1-2 Year Open/Close
🟨 EXAMPLES:
Default Range:
🟢 | 📗 Pre Market High (PRE) | 4600.00
🔴 | 📕 Post Market Low (POST) | 420.00
Optional: (Open)
🟢 | 📔 Post Market Open (POST) | 4400.00
Optional: (Close)
🔴 | 📓 Pre Market Close (PRE) | 430.00
Default Range Value: (1)
🔴 | 📗 1 Day High (1DH) | 460.00
Next Range Value: (3)
🟢 | 📕 4 Day Low (4DL) | 420.00
Optional: (Open)
🔴 | 📔 2 Day Open (2DO) | 440.00
Optional: (Close)
🟢 | 📓 3 Day Close (3DC) | 430.00
Default Range Value: (5)
🟢 | 📗 5 Week High (5WH) | 460.00
Next Range Value: (7)
🔴 | 📕 8 Week Low (8WL) | 420.00
Optional: (Open)
🔴 | 📔 7 Week Open (7WO) | 4400.00
Optional: (Close)
🟢 | 📓 6 Week Close (6WC) | 430.00
Default Range Value: (9)
🔴 | 📗 9 Month High (9MH) | 460.00
Next Range Value: (11)
🟢 | 📕 12 Month Low (12ML) | 420.00
Optional: (Open)
🟢 | 📔 11 Month Open (11MO) | 4400.00
Optional: (Close)
🔴 | 📓 10 Month Close (10MC) | 430.00
Default Range Value: (13)
🟢 | 📗 13 Year High (13YH) | 460.00
Next Range Value: (15)
🟢 | 📕 16 Year Low (16YL) | 420.00
Optional: (Open)
🔴 | 📔 15 Year Open (15YO) | 4400.00
Optional: (Close)
🔴 | 📓 14 Year Close (14YC) | 430.00
🟩 COLORS:
(✓) Swap Colors?
Text Color Is Shown Using
Background Color
( ) Swap Colors?
Background Color Is Shown
Using Text Color
🟦 IDEAS:
(✓) Show Ideas?
Plots Four Ideas With Custom Lines
and Labels; Ideas Are Based Around
Post-It Note Reminders with Alerts
Suggestions For Text Ideas:
Take Profit, Stop Loss, Trim, Hold,
Long, Short, Bounce Spot, Retest,
Chop, Support, Resistance, Buy, Sell
🟪 EXAMPLES:
Default Value: (5)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (🥇)
Shown On First Label and
Message Appearing On Alerts
Alert Shows: 🟢 | 🥇 | 5.00
Default Value: (10)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (🥈)
Shown On Second Label and
Message Appearing On Alerts
Alert Shows: 🔴 | 🥈 | 10.00
Default Value: (50)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (🥉)
Shown On Third Label and
Message Appearing On Alerts
Alert Shows: 🟢 | 🥉 | 50.00
Default Value: (100)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (🎖️)
Shown On Fourth Label and
Message Appearing On Alerts
Alert Shows: 🔴 | 🎖️ | 100.00
⬛️ REFERENCES:
Pre-market Highs & Lows on regular
trading hours (RTH) chart
By Twingall
Previous Day Week Highs & Lows
By Sbtnc
Screener for 40+ instruments
By QuantNomad
Daily Weekly Monthly Yearly Opens
By Meliksah55
Parameter Free RSI [InvestorUnknown]The Parameter Free RSI (PF-RSI) is an innovative adaptation of the traditional Relative Strength Index (RSI), a widely used momentum oscillator that measures the speed and change of price movements. Unlike the standard RSI, which relies on a fixed lookback period (typically 14), the PF-RSI dynamically adjusts its calculation length based on real-time market conditions. By incorporating volatility and the RSI's deviation from its midpoint (50), this indicator aims to provide a more responsive and adaptable tool for identifying overbought/oversold conditions, trend shifts, and momentum changes. This adaptability makes it particularly valuable for traders navigating diverse market environments, from trending to ranging conditions.
PF-RSI offers a suite of customizable features, including dynamic length variants, smoothing options, visualization tools, and alert conditions.
Key Features
1. Dynamic RSI Length Calculation
The cornerstone of the PF-RSI is its ability to adjust the RSI calculation period dynamically, eliminating the need for a static parameter. The length is computed using two primary factors:
Volatility: Measured via the standard deviation of past RSI values.
Distance from Midpoint: The absolute deviation of the RSI from 50, reflecting the strength of bullish or bearish momentum.
The indicator offers three variants for calculating this dynamic length, allowing users to tailor its responsiveness:
Variant I (Aggressive): Increases the length dramatically based on volatility and a nonlinear scaling of the distance from 50. Ideal for traders seeking highly sensitive signals in fast-moving markets.
Variant II (Moderate): Combines volatility with a scaled distance from 50, using a less aggressive adjustment. Strikes a balance between responsiveness and stability, suitable for most trading scenarios.
Variant III (Conservative): Applies a linear combination of volatility and raw distance from 50. Offers a stable, less reactive length adjustment for traders prioritizing consistency.
// Function that returns a dynamic RSI length based on past RSI values
// The idea is to make the RSI length adaptive using volatility (stdev) and distance from the RSI midpoint (50)
// Different "variant" options control how aggressively the length changes
parameter_free_length(free_rsi, variant) =>
len = switch variant
// Variant I: Most aggressive adaptation
// Uses standard deviation scaled by a nonlinear factor of distance from 50
// Also adds another distance-based term to increase length more dramatically
"I" => math.ceil(
ta.stdev(free_rsi, math.ceil(free_rsi)) *
math.pow(1 + (math.ceil(math.abs(50 - (free_rsi - 50))) / 100), 2)
) +
(
math.ceil(math.abs(free_rsi - 50)) *
(1 + (math.ceil(math.abs(50 - (free_rsi - 50))) / 100))
)
// Variant II: Moderate adaptation
// Adds the standard deviation and a distance-based scaling term (less nonlinear)
"II" => math.ceil(
ta.stdev(free_rsi, math.ceil(free_rsi)) +
(
math.ceil(math.abs(free_rsi - 50)) *
(1 + (math.ceil(math.abs(50 - (free_rsi - 50))) / 100))
)
)
// Variant III: Least aggressive adaptation
// Simply adds standard deviation and raw distance from 50 (linear scaling)
"III" => math.ceil(
ta.stdev(free_rsi, math.ceil(free_rsi)) +
math.ceil(math.abs(free_rsi - 50))
)
2. Smoothing Options
To refine the dynamic RSI and reduce noise, the PF-RSI provides smoothing capabilities:
Smoothing Toggle: Enable or disable smoothing of the dynamic length used for RSI.
Smoothing MA Type for RSI MA: Choose between SMA and EMA
Smoothing Length Options for RSI MA:
Full: Uses the entire calculated dynamic length.
Half: Applies half of the dynamic length for smoother output.
SQRT: Uses the square root of the dynamic length, offering a compromise between responsiveness and smoothness.
The smoothed RSI is complemented by a separate moving average (MA) of the RSI itself, further enhancing signal clarity.
3. Visualization Tools
The PF-RSI includes visualization options to help traders interpret market conditions at a glance.
Plots:
Dynamic RSI: Displayed as a white line, showing the adaptive RSI value.
RSI Moving Average: Plotted in yellow, providing a smoothed reference for trend and momentum analysis.
Dynamic Length: A secondary plot (in faint white) showing how the calculation period evolves over time.
Histogram: Represents the RSI’s position relative to 50, with color gradients.
Fill Area: The space between the RSI and its MA is filled with a gradient (green for RSI > MA, red for RSI < MA), highlighting momentum shifts.
Customizable bar colors on the price chart reflect trend and momentum:
Trend (Raw RSI): Green (RSI > 50), Red (RSI < 50).
Trend (RSI MA): Green (MA > 50), Red (MA < 50).
Trend (Raw RSI) + Momentum: Adds momentum shading (lighter green/red when RSI and MA diverge).
Trend (RSI MA) + Momentum: Similar, but based on the MA’s trend.
Momentum: Green (RSI > MA), Red (RSI < MA).
Off: Disables bar coloring.
Intrabar Updating: Optional real-time updates within each bar for enhanced responsiveness.
4. Alerts
The PF-RSI supports customizable alerts to keep traders informed of key events.
Trend Alerts:
Raw RSI: Triggers when the RSI crosses above (uptrend) or below (downtrend) 50.
RSI MA: Triggers when the moving average crosses 50.
Off: Disables trend alerts.
Momentum Alerts:
Triggers when the RSI crosses its moving average, indicating rising (RSI > MA) or declining (RSI < MA) momentum.
Alerts are fired once per bar close, with descriptive messages including the ticker symbol (e.g., " Uptrend on: AAPL").
How It Works
The PF-RSI operates in a multi-step process:
Initialization
On the first run, it calculates a standard RSI with a 14-period length to seed the dynamic calculation.
Dynamic Length Computation
Once seeded, the indicator switches to a dynamic length based on the selected variant, factoring in volatility and distance from 50.
If smoothing is enabled, the length is further refined using an SMA.
RSI Calculation
The adaptive RSI is computed using the dynamic length, ensuring it reflects current market conditions.
Moving Average
A separate MA (SMA or EMA) is applied to the RSI, with a length derived from the dynamic length (Full, Half, or SQRT).
Visualization and Alerts
The results are plotted, and alerts are triggered based on user settings.
This adaptive approach minimizes lag in fast markets and reduces false signals in choppy conditions, offering a significant edge over fixed-period RSI implementations.
Why Use PF-RSI?
The Parameter Free RSI stands out by eliminating the guesswork of selecting an RSI period. Its dynamic length adjusts to market volatility and momentum, providing timely signals without manual tweaking.
AI Volume StrategyAI Volume Strategy detects significant volume spikes and combines them with trend direction and candlestick color to generate buy and sell signals. The strategy uses an Exponential Moving Average (EMA) of volume to identify abnormal volume spikes that may indicate strong market activity. Additionally, it uses a 50-period EMA of price to filter the trend and decide on entry direction.
Key Features:
Volume Spike Detection: The strategy detects when the current volume exceeds the EMA of volume by a user-defined multiplier, signaling abnormal increases in market activity.
Trend Direction Filter: The strategy uses a 50-period EMA of price to determine the market trend. Buy signals are generated when the price is above the EMA (uptrend), and sell signals are generated when the price is below the EMA (downtrend).
Candle Color Filter: The strategy generates a buy signal only when the current candle is bullish (green) and a sell signal only when the current candle is bearish (red).
Exit after X Bars: The strategy automatically closes the position after a specified number of bars (default is 5 bars), but the exit condition can be adjusted based on user preference, timeframe, and backtesting results. The default exit is after 5 bars, but users can set it to 1 bar or any other number depending on their preferences and strategy.
Signals:
Buy Signal: Generated when a volume spike occurs, the trend is upward, and the current candle is bullish.
Sell Signal: Generated when a volume spike occurs, the trend is downward, and the current candle is bearish.
Alerts:
Buy Alert: Alerts the user when a buy signal is triggered.
Sell Alert: Alerts the user when a sell signal is triggered.
Visualization:
Buy Signal: A green label appears below the bar when the buy conditions are met.
Sell Signal: A red label appears above the bar when the sell conditions are met.
Volume EMA: Optionally, the Volume EMA line can be plotted on the chart to visualize volume trends.
This strategy helps traders identify potential entry points based on increased volume activity while considering trend direction and candlestick patterns. With the ability to adjust the exit condition, users can fine-tune the strategy to their specific needs and backtest results.
AI Volume SignalsAI Volume Signals
The AI Volume Signals indicator detects significant volume spikes and combines them with trend direction and candle color to generate buy and sell signals. This script utilizes an Exponential Moving Average (EMA) of volume to detect abnormal volume spikes, which could indicate strong market activity. It also filters signals based on the trend direction determined by a 50-period EMA of the price.
Key Features:
Volume Spike Detection: The indicator detects when the current volume exceeds the EMA of volume by a user-defined multiplier, signaling an unusual increase in market activity.
Trend Direction Filter: The 50-period EMA of the price is used to determine the market trend. Buy signals are generated when the price is above the EMA (uptrend), and sell signals occur when the price is below the EMA (downtrend).
Candle Color Filter: The indicator only generates a buy signal when the current candle is bullish (green), and a sell signal when the current candle is bearish (red).
Optional Volume EMA Line: A customizable option allows users to toggle the visibility of the Volume EMA line on the chart. By default, the line is hidden, but can be enabled in the settings.
Signals:
Buy Signal: Generated when a volume spike occurs, the trend is upward, and the current candle is bullish.
Sell Signal: Generated when a volume spike occurs, the trend is downward, and the current candle is bearish.
Alerts:
Buy Alert: Alerts the user when a buy signal is triggered.
Sell Alert: Alerts the user when a sell signal is triggered.
Visualization:
Buy Signal: A green label appears below the bar when the buy conditions are met.
Sell Signal: A red label appears above the bar when the sell conditions are met.
Volume EMA: A line representing the EMA of the volume is plotted on the chart for reference. The visibility of this line can be toggled in the settings.
This indicator can help traders identify potential entry points based on increased volume activity while considering trend direction and candlestick patterns.
SMA Strategy Builder: Create & Prove Profitability📄 Pine Script Strategy Description (For Publishing on TradingView)
🎯 Strategy Title:
SMA Strategy Builder: Create & Prove Profitability
✨ Description:
This tool is designed for traders who want to build, customize, and prove their own SMA-based trading strategies. The strategy tracks capital growth in real-time, providing clear evidence of profitability after each trade. Users can adjust key parameters such as SMA period, take profit levels, and initial capital, making it a flexible solution for backtesting and strategy validation.
🔍 Key Features:
✅ SMA-Based Logic:
Core trading logic revolves around the Simple Moving Average (SMA).
SMA period is fully adjustable to suit various trading styles.
🎯 Customizable Take Profit (TP):
User-defined TP percentages per position.
TP line displayed as a Step Line with Breaks for clear segmentation.
Visual 🎯TP label for quick identification of profit targets.
💵 Capital Tracking (Proof of Profitability):
Initial capital is user-defined.
Capital balance updates after each closed trade.
Shows both absolute profit/loss and percentage changes for every position.
Darker green profit labels for better readability and dark red for losses.
📈 Capital Curve (Performance Visualization):
Capital growth curve available (hidden by default, can be enabled via settings).
📏 Dynamic Label Positioning:
Label positions adjust dynamically based on the price range.
Ensures consistent visibility across low and high-priced assets.
⚡ How It Works:
Long Entry:
Triggered when the price crosses above the SMA.
TP level is calculated as a user-defined percentage above the entry price.
Short Entry:
Triggered when the price crosses below the SMA.
TP level is calculated as a user-defined percentage below the entry price.
TP Execution:
Positions close immediately once the TP level is reached (no candle close confirmation needed).
🔔 Alerts:
🟩 Long Signal Alert: When the price crosses above the SMA.
🟥 Short Signal Alert: When the price crosses below the SMA.
🎯 TP Alert: When the TP target is reached.
⚙️ Customization Options:
📅 SMA Period: Choose the moving average period that best fits your strategy.
🎯 Take Profit (%): Adjust TP percentages for flexible risk management.
💵 Initial Capital: Set the starting capital for realistic backtesting.
📈 Capital Curve Toggle: Enable or disable the capital curve to track overall performance.
🌟 Why Use This Tool?
🔧 Flexible Strategy Creation: Adjust core parameters and create tailored SMA-based strategies.
📈 Performance Proof: Capital tracking acts as real proof of profitability after each trade.
🎯 Immediate TP Execution: No waiting for candle closures; profits lock in as soon as targets are hit.
💹 Comprehensive Performance Insights: Percentage-based and absolute capital tracking with dynamic visualization.
🏦 Clean Visual Indicators: Strategy insights made clear with dynamic labeling and adjustable visuals.
⚠️ Disclaimer:
This script is provided for educational and informational purposes only. Trading financial instruments carries risk, and past performance does not guarantee future results. Always perform your own due diligence before making any trading decisions.
Sniper TradingSniper Trader Indicator Overview
Sniper Trader is a comprehensive trading indicator designed to assist traders by providing valuable insights and alerting them to key market conditions. The indicator combines several technical analysis tools and provides customizable inputs for different strategies and needs.
Here’s a detailed breakdown of all the components and their functions in the Sniper Trader indicator:
1. MACD (Moving Average Convergence Divergence)
The MACD is a trend-following momentum indicator that helps determine the strength and direction of the current trend. It consists of two lines:
MACD Line (Blue): Calculated by subtracting the long-term EMA (Exponential Moving Average) from the short-term EMA.
Signal Line (Red): The EMA of the MACD line, typically set to 9 periods.
What does it do?
Buy Signal: When the MACD line crosses above the signal line, it generates a buy signal.
Sell Signal: When the MACD line crosses below the signal line, it generates a sell signal.
Zero Line Crossings: Alerts are triggered when the MACD line crosses above or below the zero line.
2. RSI (Relative Strength Index)
The RSI is a momentum oscillator used to identify overbought or oversold conditions in the market.
Overbought Level (Red): The level above which the market might be considered overbought, typically set to 70.
Oversold Level (Green): The level below which the market might be considered oversold, typically set to 30.
What does it do?
Overbought Signal: When the RSI crosses above the overbought level, it’s considered a signal that the asset may be overbought.
Oversold Signal: When the RSI crosses below the oversold level, it’s considered a signal that the asset may be oversold.
3. ATR (Average True Range)
The ATR is a volatility indicator that measures the degree of price movement over a specific period (14 bars in this case). It provides insights into how volatile the market is.
What does it do?
The ATR value is plotted on the chart and provides a reference for potential market volatility. It's used to detect flat zones, where the price may not be moving significantly, potentially indicating a lack of trends.
4. Support and Resistance Zones
The Support and Resistance Zones are drawn by identifying key swing highs and lows over a user-defined look-back period.
Support Zone (Green): Identifies areas where the price has previously bounced upwards.
Resistance Zone (Red): Identifies areas where the price has previously been rejected or reversed.
What does it do?
The indicator uses swing highs and lows to define support and resistance zones and highlights these areas on the chart. This helps traders identify potential price reversal points.
5. Alarm Time
The Alarm Time feature allows you to set a custom time for the indicator to trigger an alarm. The time is based on Eastern Time and can be adjusted directly in the inputs tab.
What does it do?
It triggers an alert at a user-defined time (for example, 4 PM Eastern Time), helping traders close positions or take specific actions at a set time.
6. Market Condition Display
The Market Condition Display shows whether the market is in a Bullish, Bearish, or Flat state based on the MACD line’s position relative to the signal line.
Bullish (Green): The market is in an uptrend.
Bearish (Red): The market is in a downtrend.
Flat (Yellow): The market is in a range or consolidation phase.
7. Table for Key Information
The indicator includes a customizable table that displays the current market condition (Bull, Bear, Flat). The table is placed at a user-defined location (top-left, top-right, bottom-left, bottom-right), and the appearance of the table can be adjusted for text size and color.
8. Background Highlighting
Bullish Reversal: When the MACD line crosses above the signal line, the background is shaded green to highlight the potential for a trend reversal to the upside.
Bearish Reversal: When the MACD line crosses below the signal line, the background is shaded red to highlight the potential for a trend reversal to the downside.
Flat Zone: A flat zone is identified when volatility is low (ATR is below the average), and the background is shaded orange to signal periods of low market movement.
Key Features:
Customizable Time Inputs: Adjust the alarm time based on your local time zone.
User-Friendly Table: Easily view market conditions and adjust display settings.
Comprehensive Alerts: Receive alerts for MACD crossovers, RSI overbought/oversold conditions, flat zones, and the custom alarm time.
Support and Resistance Zones: Drawn automatically based on historical price action.
Trend and Momentum Indicators: Utilize the MACD and RSI for identifying trends and market conditions.
How to Use Sniper Trader:
Set Your Custom Time: Adjust the alarm time to match your trading schedule.
Monitor Market Conditions: Check the table for real-time market condition updates.
Use MACD and RSI Signals: Watch for MACD crossovers and RSI overbought/oversold signals.
Watch for Key Zones: Pay attention to the support and resistance zones and background highlights to identify market turning points.
Set Alerts: Use the built-in alerts to notify you of buy/sell signals or when it’s time to take action at your custom alarm time.
Red & Green Zone ReversalOverview
The “Red & Green Zone Reversal” indicator is designed to visually highlight potential reversal zones on your chart by using a combination of Bollinger Bands and the Relative Strength Index (RSI).
It overlays on the chart and provides background color cues—red for oversold conditions and green for overbought conditions—along with corresponding alert triggers.
Key Components
Overlay: The indicator is set to overlay the chart, meaning its visual cues (colored backgrounds) are drawn directly on the price chart.
Bollinger Bands Calculation
Period: A 20-period simple moving average (SMA) is calculated from the closing prices.
Standard Deviation Multiplier: A multiplier of 2.0 is applied.
Bands Defined:
Basis: The 20-period SMA.
Deviation: Calculated as 2 times the standard deviation over the same period.
Upper Band: Basis plus the deviation.
Lower Band: Basis minus the deviation.
RSI Calculation
Period: The RSI is computed over a 14-period span using the closing prices.
Thresholds:
Oversold Threshold: 30 (used for the red zone condition).
Overbought Threshold: 70 (used for the green zone condition).
Zone Conditions
Red Zone (Oversold):
Criteria: The price is below the lower Bollinger Band and the RSI is below 30.
Purpose: Highlights a situation where the asset may be deeply oversold, signaling a potential reversal to the upside.
Green Zone (Overbought):
Criteria: The price is above the upper Bollinger Band and the RSI is above 70.
Purpose: Indicates that the asset may be overbought, potentially signaling a reversal to the downside.
Visual and Alert Components
Background Coloring:
Red Background: Applied when the red zone condition is met (using a semi-transparent red).
Green Background: Applied when the green zone condition is met (using a semi-transparent green).
Alerts:
Red Alert: An alert condition titled “Deep Oversold Alert” is triggered with the message “Deep Oversold Signal triggered!” when the red zone criteria are satisfied.
Green Alert: Similarly, an alert condition titled “Deep Overbought Alert” is triggered with the message “Deep Overbought Signal triggered!” when the green zone criteria are met.
Important Disclaimers
Not Financial Advice:
This indicator is provided for informational and analytical purposes only. It does not constitute trading advice or a recommendation to buy or sell any asset. Traders should use it as one of several tools in their analysis and should perform their own due diligence.
Risk Management:
Trading inherently involves risk. Past performance is not indicative of future results. Always implement appropriate risk management and use stop losses where necessary.
Summary
In summary, the “Red & Green Zone Reversal” indicator uses Bollinger Bands and RSI to detect extreme market conditions. It visually marks oversold (red) and overbought (green) conditions directly on the chart and offers alert conditions to help traders monitor these potential reversal points.
Enjoy!!
Multi-Moving Average Buy/Sell IndicatorThis Multi-Moving Average Buy/Sell Indicator is a powerful and customizable tool designed to help traders identify potential buy and sell signals based on the interaction between price and multiple moving averages. Whether you're a day trader, swing trader, or long-term investor, this indicator provides clear visual cues and alerts to help you make informed trading decisions.
Key Features
1. Multiple Moving Averages
The indicator calculates four key moving averages:
9-period MA
20-period MA
50-period MA
180-period MA
You can choose the type of moving average:
SMA (Simple Moving Average)
EMA (Exponential Moving Average)
WMA (Weighted Moving Average)
2. Custom Timeframe
Select a custom timeframe from a user-friendly dropdown menu:
1 Minute
5 Minutes
15 Minutes
30 Minutes
1 Hour
4 Hours
Daily
Weekly
The indicator dynamically adjusts to the selected timeframe, making it suitable for all trading styles.
3. Buy/Sell Signals
Buy Signal: Triggered when the price crosses above any of the moving averages.
Sell Signal: Triggered when the price crosses below any of the moving averages.
Signals are displayed as labels on the chart:
Green "BUY" Label: Below the bar when a buy signal is triggered.
Red "SELL" Label: Above the bar when a sell signal is triggered.
4. Visualization
Toggle the visibility of all moving averages using the showAllMAs input.
Moving averages are plotted with distinct colors for easy identification:
9 MA: Blue
20 MA: Orange
50 MA: Purple
180 MA: Teal
5. Alerts
The indicator generates alerts for buy and sell signals, which can be used for notifications or automated trading.
How to Use
Add the Indicator:
Open TradingView and go to the Pine Script Editor.
Copy and paste the script into the editor.
Click Add to Chart.
Configure Inputs:
maType: Choose the type of moving average (SMA, EMA, WMA).
timeframe: Select a custom timeframe (e.g., "1 Minute", "Daily").
showSignals: Toggle to show or hide buy/sell signals.
showAllMAs: Toggle to show or hide all moving averages.
Interpret the Signals:
Look for green "BUY" labels below the bars for potential buy opportunities.
Look for red "SELL" labels above the bars for potential sell opportunities.
Set Alerts:
Use the built-in alert system to get notified when buy or sell signals are triggered.
Example Use Cases
Day Trading
Use a 1-minute or 5-minute timeframe with an EMA for quick signals.
Example Inputs:
maType = "EMA"
timeframe = "5 Minutes"
showAllMAs = true
Swing Trading
Use a daily timeframe with an SMA for longer-term signals.
Example Inputs:
maType = "SMA"
timeframe = "Daily"
showAllMAs = false
Why Use This Indicator?
Versatility: Suitable for all trading styles and timeframes.
Customization: Choose your preferred moving average type and timeframe.
Clear Signals: Easy-to-read buy/sell labels and moving averages.
Alerts: Never miss a trading opportunity with built-in alerts.
Limitations
False Signals:
The indicator may generate false signals in choppy or sideways markets. Always combine it with other tools (e.g., RSI, volume analysis) for better accuracy.
Timeframe Dependency:
The effectiveness of the signals depends on the selected timeframe. Shorter timeframes may produce more signals but with higher noise.
No Backtesting:
The script does not include backtesting functionality. Test the strategy manually on historical data.
Customization Options
Add More Moving Averages: Modify the script to include additional moving averages (e.g., 200 MA).
Change Signal Logic: Adjust the conditions for buy/sell signals (e.g., require confirmation from multiple moving averages).
Add Alerts for Specific MAs: Create separate alerts for signals based on specific moving averages (e.g., only 9 MA or 50 MA).
Candle Spread Oscillator (CS0)The Candle Spread Oscillator (CSO) is a custom technical indicator designed to help traders identify momentum and directional strength in the market by analyzing the relationship between the candle body spread and the total candle range. This oscillator provides traders with a visually intuitive representation of price action dynamics and highlights key transitions between positive and negative momentum.
How It Works:
Body Spread vs. Total Range:
The CSO calculates the body spread (difference between the close and open price) and compares it to the total range (difference between the high and low price) of a candle.
The ratio of the body spread to the total range represents the proportion of price movement driven by directional momentum.
Smoothed Oscillator:
To remove noise and enhance clarity, the ratio is smoothed using a Hull Moving Average (HMA). The smoothing period can be adjusted through the "Smoothing Period" input, enabling traders to tailor the indicator to their preferred timeframes or strategies.
Gradient Visualization:
A gradient coloring is applied to the oscillator, transitioning smoothly between colors (e.g., fuchsia for negative momentum and aqua for positive momentum). This provides traders with a clear, intuitive visual cue of market behavior.
Visual Features:
Oscillator Plot:
The oscillator is displayed as an area-style plot, dynamically colored using a gradient. Positive values are represented in shades of aqua, while negative values are in shades of fuchsia.
Midline (0 Level):
A horizontal midline is plotted at the zero level, serving as a key reference point for identifying transitions between positive and negative momentum.
Background Highlights:
The chart background is subtly colored to match the oscillator's state, enhancing the visual emphasis on current momentum conditions.
Alerts for Key Crossovers:
The CSO comes with built-in alert conditions, making it highly actionable for traders:
Cross Up Alert: Triggers when the oscillator crosses above the midline (0), signaling a potential shift into positive momentum.
Cross Down Alert: Triggers when the oscillator crosses below the midline (0), indicating a potential transition into negative momentum.
These alerts allow traders to stay informed about critical market shifts without constantly monitoring the chart.
How to Use:
Trend Identification:
When the oscillator is above the midline and positive, it indicates that price action is moving with bullish momentum.
When the oscillator is below the midline and negative, it reflects bearish momentum.
Momentum Strength:
The magnitude of the oscillator (its distance from the midline) helps traders gauge the strength of the momentum. Stronger moves will push the oscillator further from zero.
Potential Reversals:
Crossovers of the oscillator through the midline can signal potential reversals or shifts in market direction.
Customization:
Adjust the Smoothing Period to adapt the sensitivity of the oscillator to different timeframes. A lower smoothing period reacts faster to price changes, while a higher smoothing period smooths out noise.
Best Use Cases:
Momentum Trading: Identify periods of sustained bullish or bearish momentum to align with the trend.
Reversal Signals: Spot transitions in market direction when the oscillator crosses the midline.
Confirmation Tool: Use the CSO alongside other indicators (e.g., volume, trendlines, or moving averages) to confirm trading signals.
Key Inputs:
Smoothing Period: Customize the sensitivity of the oscillator by adjusting the lookback period for the Hull Moving Average.
Gradient Range: The color gradient transitions between defined thresholds (-0.1 to 0.2 by default), ensuring a smooth visual experience.
[Why Use the Candle Spread Oscillator?
The CSO is a simple yet powerful tool for traders who want to:
Gain a deeper understanding of price momentum.
Quickly visualize shifts between bullish and bearish trends.
Use clear, actionable signals with customizable alerts.
Disclaimer: This indicator is not a standalone trading strategy. It should be used in combination with other technical and fundamental analysis tools. Always trade responsibly, and consult a financial advisor for personalized advice.
20/50 SMA Cross 200 SMAThis Pine Script code is designed to identify and visualize crossovers of two shorter-term Simple Moving Averages (SMAs), a 20-period SMA and a 50-period SMA, with a longer-term 200-period SMA on a price chart. It also includes alerts for these crossover events. Here's a breakdown:
**Purpose:**
The core idea behind this script is to detect potential trend changes. Crossovers of shorter-term moving averages over a longer-term moving average are often interpreted as bullish signals, while crossovers below are considered bearish.
**Key Components:**
1. **Moving Average Calculation:**
* `sma20 = ta.sma(close, 20)`: Calculates the 20-period SMA of the closing price.
* `sma50 = ta.sma(close, 50)`: Calculates the 50-period SMA of the closing price.
* `sma200 = ta.sma(close, 200)`: Calculates the 200-period SMA of the closing price.
2. **Crossover Detection:**
* `crossUp20 = ta.crossover(sma20, sma200)`: Returns `true` when the 20-period SMA crosses above the 200-period SMA.
* `crossDown20 = ta.crossunder(sma20, sma200)`: Returns `true` when the 20-period SMA crosses below the 200-period SMA.
* Similar logic applies for `crossUp50` and `crossDown50` with the 50-period SMA.
3. **Recent Crossover Tracking (Crucial Improvement):**
* `lookback = 7`: Defines a lookback period of 7 bars.
* `var bool hasCrossedUp20 = false`, etc.: Declares `var` (persistent) boolean variables to track if a crossover has occurred *within* the last 7 bars. This is the most important correction from previous versions.
* The logic using `ta.barssince()` is the key:
* If a crossover happens (`crossUp20` is true), the corresponding `hasCrossedUp20` is set to `true`.
* If no crossover happens on the current bar, it checks if a crossover happened within the last 7 bars using `ta.barssince(crossUp20) <= lookback`. If so, it keeps `hasCrossedUp20` as `true`. After 7 bars, it becomes `false`.
4. **Plotting Crossovers:**
* `plotshape(...)`: Plots circles on the chart to visually mark the crossovers.
* Green circles below the bars for bullish crossovers (20 and 50).
* Red circles above the bars for bearish crossovers (20 and 50).
* Different shades of green/red (green/lime, red/maroon) distinguish between 20 and 50 SMA crossovers.
5. **Plotting Moving Averages (Optional but Helpful):**
* `plot(sma20, color=color.blue, linewidth=1)`: Plots the 20-period SMA in blue.
* Similar logic for the 50-period SMA (orange) and 200-period SMA (gray).
6. **Alerts:**
* `alertcondition(...)`: Triggers alerts when crossovers occur. This is essential for real-time trading signals.
**How it Works (in Simple Terms):**
The script continuously calculates the 20, 50, and 200 SMAs. It then monitors for instances where the 20 or 50 SMA crosses the 200 SMA. When such a crossover happens, a colored circle is plotted on the chart, and an alert is triggered. The key improvement is that it remembers if a crossover occurred in the last 7 bars and continues to display the circle during that period.
**Use Case:**
Traders use this type of indicator to identify potential entry and exit points in the market. A bullish crossover (shorter SMA crossing above the longer SMA) might be a signal to buy, while a bearish crossover might be a signal to sell.
**Key Improvements over Previous Versions:**
* **Correct Lookback Implementation:** The use of `ta.barssince()` and `var` variables is the correct and efficient way to check for crossovers within a lookback period. This fixes the major flaw in earlier versions.
* **Clear Visualizations:** The use of `plotshape` with distinct colors makes it easy to distinguish between 20 and 50 SMA crossovers.
* **Alerts:** The inclusion of alerts makes the script much more practical for real-time trading.
This improved version provides a robust and useful tool for identifying and tracking SMA crossovers.
Trend Angle IndicatorTrend Angle Indicator
Description
The Trend Angle Indicator is designed to measure the strength of a trend by calculating the angle of the trend.
Specifically, it computes the angle of a Simple Moving Average (SMA) over a specified length and then applies
an Exponential Moving Average (EMA) to the angle for smoothing.
This approach provides a clear indication of the trend's direction and intensity.
It also includes customizable alerts for significant changes in the trend angle and zero-line crossings,
making it a robust tool for traders seeking to gauge market momentum.
Key Features
- **Trend Angle Calculation**: Measures the trend's angle, providing insights into trend direction and strength.
- **SMA and EMA**: Uses SMA for the base calculation and EMA for smoothening the angle values.
- **Visual Trend Indication**: Visually indicates uptrends and downtrends with customizable colors - red and green.
- **Alerts**: Configurable alerts for significant changes in trend angle and zero-line crossings.
Calculation Methodology
1. **Simple Moving Average (SMA):**
- The script calculates the SMA of the close price over a user-defined `input_length`.
2. **Angle Calculation:**
- The height of the trend is calculated by subtracting the SMA value from the SMA value `input_length` bars ago. A higher angle value indicates a stronger trend.
- The angle in degrees is obtained using the arctangent function: \
3. **Exponential Moving Average (EMA):**
- Applies an EMA to the calculated angle to smooth out the values based on a user-defined `input_ma_length`.
4. **Trend Detection:**
The color of the angle plot and filled area provide a quick visual representation of the current trend direction
- The trend angle changes are monitored and visualized with color-coded plots.
- Uptrend: Angle >= 0 uses `upColor` (green).
- Downtrend: Angle < 0 uses `downColor` (red).
#### Using the Indicator
1. **Adding the Indicator:**
- Add the indicator to your TradingView chart by selecting it from the Pine Script library or by pasting the script into the Pine Script editor.
2. **Inputs:**
- **Length**: Defines the period for the SMA calculation.
- **MA Length**: Sets the period for the EMA smoothing.
- **Angle Change Threshold (degrees)**: Defines the threshold for significant angle change alerts.
- **Color Candles**: Optionally colorizes the price candles based on the angle's trend direction.
3. **Customizing Plots:**
- **Angle Plot**: Displays the EMA of the trend angle. The color changes based on whether the trend is up or down.
- **Zero Line**: A horizontal line at zero to easily visualize crossings that signify a change in trend direction.
- **Fill Color**: Fills the area above/below the zero line with colors representing the direction of the trend.
4. **Setting Alerts:**
- **Cross Above Zero**: Triggers an alert when the trend angle crosses above zero, indicating a potential start of an uptrend.
- **Cross Below Zero**: Triggers an alert when the trend angle crosses below zero, indicating a potential start of a downtrend.
- **Significant Angle Change**: Alerts when the angle change exceeds the user-defined threshold, highlighting significant trend changes.
#### Example Usage
To use and customize the Trend Angle Indicator on your chart:
1. **Add to Chart**: Apply the indicator from the TradingView library or by pasting the script into the Pine Script editor.
2. **Configure Inputs**:
- Adjust the `Length` to set the period for the SMA.
- Set the `MA Length` for the EMA smoothing.
- Define the `Angle Change Threshold` for receiving alerts on significant changes.
3. **Display Customization**:
- Enable `Color Candles` to have the price candles reflect the trend direction.
4. **Set Alerts**:
- Use the alert conditions provided to get notified about critical events like zero line crossings or significant angle changes.
A_Traders_Edge__LibraryLibrary "A_Traders_Edge__Library"
- A Trader's Edge (ATE)_Library was created to assist in constructing Market Overview Scanners (MOS)
LabelLocation(_firstLocation)
This function is used when there's a desire to print an assets ALERT LABELS at a set location on the scale that will
NOT change throughout the progression of the script. This is created so that if a lot of alerts are triggered, they
will stay relatively visible and not overlap each other. Ex. If you set your '_firstLocation' parameter as 1, since
there are a max of 40 assets that can be scanned, the 1st asset's location is assigned the value in the '_firstLocation' parameter,
the 2nd asset's location is the (1st asset's location+1)...and so on. If your first location is set to 81 then
the 1st asset is 81 and 2nd is 82 and so on until the 40th location = 120(in this particular example).
Parameters:
_firstLocation (simple int) : (simple int)
Optional(starts at 1 if no parameter added).
Location that you want the first asset to print its label if is triggered to do so.
ie. loc2=loc1+1, loc3=loc2+1, etc.
Returns: Returns 40 output variables each being a different location to print the labels so that an asset is asssigned to
a particular location on the scale. Regardless of if you have the maximum amount of assets being screened (40 max), this
function will output 40 locations… So there needs to be 40 variables assigned in the tuple in this function. What I
mean by that is you need to have 40 output location variables within your tuple (ie. between the ' ') regarless of
if your scanning 40 assets or not. If you only have 20 assets in your scripts input settings, then only the first 20
variables within the ' ' Will be assigned to a value location and the other 20 will be assigned 'NA', but their
variables still need to be present in the tuple.
SeparateTickerids(_string)
You must form this single tickerID input string exactly as described in the scripts info panel (little gray 'i' that
is circled at the end of the settings in the settings/input panel that you can hover your cursor over this 'i' to read the
details of that particular input). IF the string is formed correctly then it will break up this single string parameter into
a total of 40 separate strings which will be all of the tickerIDs that the script is using in your MO scanner.
Parameters:
_string (simple string) : (string)
A maximum of 40 Tickers (ALL joined as 1 string for the input parameter) that is formulated EXACTLY as described
within the tooltips of the TickerID inputs in my MOS Scanner scripts:
assets = input.text_area(tIDset1, title="TickerID (MUST READ TOOLTIP)", tooltip="Accepts 40 TICKERID's for each
copy of the script on the chart. TEXT FORMATTING RULES FOR TICKERID'S:
(1) To exclude the EXCHANGE NAME in the Labels, de-select the next input option.
(2) MUST have a space (' ') AFTER each TickerID.
(3) Capitalization in the Labels will match cap of these TickerID's.
(4) If your asset has a BaseCurrency & QuoteCurrency (ie. ADAUSDT ) BUT you ONLY want Labels
to show BaseCurrency(ie.'ADA'), include a FORWARD SLASH ('/') between the Base & Quote (ie.'ADA/USDT')", display=display.none)
Returns: Returns 40 output variables of the different strings of TickerID's (ie. you need to output 40 variables within the
tuple ' ' regardless of if you were scanning using all possible (40) assets or not.
If your scanning for less than 40 assets, then once the variables are assigned to all of the tickerIDs, the rest
of the 40 variables in the tuple will be assigned "NA".
TickeridForLabelsAndSecurity(_includeExchange, _ticker)
This function accepts the TickerID Name as its parameter and produces a single string that will be used in all of your labels.
Parameters:
_includeExchange (simple bool) : (bool)
Optional(if parameter not included in function it defaults to false ).
Used to determine if the Exchange name will be included in all labels/triggers/alerts.
_ticker (simple string) : (string)
For this parameter, input the varible named '_coin' from your 'f_main()' function for this parameter. It is the raw
Ticker ID name that will be processed.
Returns: ( )
Returns 2 output variables:
1st ('_securityTickerid') is to be used in the 'request.security()' function as this string will contain everything
TV needs to pull the correct assets data.
2nd ('lblTicker') is to be used in all of the labels in your MOS as it will only contain what you want your labels
to show as determined by how the tickerID is formulated in the MOS's input.
InvalidTID(_tablePosition, _stackVertical, _close, _securityTickerid, _invalidArray)
This is to add a table in the middle right of your chart that prints all the TickerID's that were either not formulated
correctly in the '_source' input or that is not a valid symbol and should be changed.
Parameters:
_tablePosition (simple string) : (string)
Optional(if parameter not included, it defaults to position.middle_right). Location on the chart you want the table printed.
Possible strings include: position.top_center, position.top_left, position.top_right, position.middle_center,
position.middle_left, position.middle_right, position.bottom_center, position.bottom_left, position.bottom_right.
_stackVertical (simple bool) : (bool)
Optional(if parameter not included, it defaults to true). All of the assets that are counted as INVALID will be
created in a list. If you want this list to be prited as a column then input 'true' here.
_close (float) : (float)
If you want them printed as a single row then input 'false' here.
This should be the closing value of each of the assets being tested to determine in the TickerID is valid or not.
_securityTickerid (string) : (string)
Throughout the entire charts updates, if a '_close' value is never regestered then the logic counts the asset as INVALID.
This will be the 1st TickerID varible (named _securityTickerid) outputted from the tuple of the TickeridForLabels()
function above this one.
_invalidArray (string ) : (array string)
Input the array from the original script that houses all of the invalidArray strings.
Returns: (na)
Returns a table with the screened assets Invalid TickerID's. Table draws automatically if any are Invalid, thus,
no output variable to deal with.
LabelSizes(_barCnt, _lblSzRfrnce)
This function sizes your Alert Trigger Labels according to the amount of Printed Bars the chart has printed within
a set time period, while also keeping in mind the smallest relative reference size you input in the 'lblSzRfrnceInput'
parameter of this function. A HIGHER % of Printed Bars(aka...more trades occurring for that asset on the exchange),
the LARGER the Name Label will print, potentially showing you the better opportunities on the exchange to avoid
exchange manipulation liquidations.
*** SHOULD NOT be used as size of labels that are your asset Name Labels next to each asset's Line Plot...
if your MOS includes these as you want these to be the same size for every asset so the larger ones dont cover the
smaller ones if the plots are all close to each other ***
Parameters:
_barCnt (float) : (float)
Get the 1st variable('barCnt') from the 'PrintedBarCount' function's tuple and input it as this functions 1st input
parameter which will directly affect the size of the 2nd output variable ('alertTrigLabel') outputted by this function.
_lblSzRfrnce (string) : (string)
Optional(if parameter not included, it defaults to size.small). This will be the size of the 1st variable outputted
by this function ('assetNameLabel') BUT also affects the 2nd variable outputted by this function.
Returns: ( )
Returns 2 variables:
1st output variable ('AssetNameLabel') is assigned to the size of the 'lblSzRfrnceInput' parameter.
2nd output variable('alertTrigLabel') can be of variying sizes depending on the 'barCnt' parameter...BUT the smallest
size possible for the 2nd output variable ('alertTrigLabel') will be the size set in the 'lblSzRfrnceInput' parameter.
AssetColor()
This function is used to assign 40 different colors to 40 variables to be used for the different labels/plots.
Returns: Returns 40 output variables each with a different color assigned to them to be used in your plots & labels.
Regardless of if you have the maximum amount of assets your scanning(40 max) or less,
this function will assign 40 colors to 40 variables that you have between the ' '.
PrintedBarCount(_time, _barCntLength, _barCntPercentMin)
The Printed BarCount Filter looks back a User Defined amount of minutes and calculates the % of bars that have printed
out of the TOTAL amount of bars that COULD HAVE been printed within the same amount of time.
Parameters:
_time (int) : (int)
The time associated with the chart of the particular asset that is being screened at that point.
_barCntLength (int) : (int)
The amount of time (IN MINUTES) that you want the logic to look back at to calculate the % of bars that have actually
printed in the span of time you input into this parameter.
_barCntPercentMin (int) : (int)
The minimum % of Printed Bars of the asset being screened has to be GREATER than the value set in this parameter
for the output variable 'bc_gtg' to be true.
Returns: ( )
Returns 2 outputs:
1st is the % of Printed Bars that have printed within the within the span of time you input in the '_barCntLength' parameter.
2nd is true/false according to if the Printed BarCount % is above the threshold that you input into the '_barCntPercentMin' parameter.
RCI(_rciLength, _source, _interval)
You will see me using this a lot. DEFINITELY my favorite oscillator to utilize for SO many different things from
timing entries/exits to determining trends.Calculation of this indicator based on Spearmans Correlation.
Parameters:
_rciLength (int) : (int)
Amount of bars back to use in RCI calculations.
_source (float) : (float)
Source to use in RCI calculations (can use ANY source series. Ie, open,close,high,low,etc).
_interval (int) : (int)
Optional(if parameter not included, it defaults to 3). RCI calculation groups bars by this amount and then will.
rank these groups of bars.
Returns: (float)
Returns a single RCI value that will oscillates between -100 and +100.
RCIAVG(firstLength, _amtBtLengths, _rciSMAlen, _source, _interval)
20 RCI's are averaged together to get this RCI Avg (Rank Correlation Index Average). Each RCI (of the 20 total RCI)
has a progressively LARGER Lookback Length. Though the RCI Lengths are not individually adjustable,
there are 2 factors that ARE:
(1) the Lookback Length of the 1st RCI and
(2) the amount of values between one RCI's Lookback Length and the next.
*** If you set 'firstLength' to it's default of 200 and '_amtBtLengths' to it's default of 120 (aka AMOUNT BETWEEN LENGTHS=120)...
then RCI_2 Length=320, RCI_3 Length=440, RCI_4 Length=560, and so on.
Parameters:
firstLength (int) : (int)
Optional(if parameter is not included when the function is called, then it defaults to 200).
This parameter is the Lookback Length for the 1st RCI used in the RCI Avg.
_amtBtLengths (int) : (int)
Optional(if parameter not included when the function is called, then it defaults to 120).
This parameter is the value amount between each of the progressively larger lengths used for the 20 RCI's that
are averaged in the RCI Avg.
***** BEWARE ***** Too large of a value here will cause the calc to look back too far, causing an error(thus the value must be lowered)
_rciSMAlen (int) : (int)
Unlike the Single RCI Function, this function smooths out the end result using an SMA with a length value that is this parameter.
_source (float) : (float)
Source to use in RCI calculations (can use ANY source series. Ie, open,close,high,low,etc).
_interval (int) : (int)
Optional(if parameter not included, it defaults to 3). Within the RCI calculation, bars next to each other are grouped together
and then these groups are Ranked against each other. This parameter is the number of adjacent bars that are grouped together.
Returns: (float)
Returns a single RCI value that is the Avg of many RCI values that will oscillate between -100 and +100.
PercentChange(_startingValue, _endingValue)
This is a quick function to calculate how much % change has occurred between the '_startingValue' and the '_endingValue'
that you input into the function.
Parameters:
_startingValue (float) : (float)
The source value to START the % change calculation from.
_endingValue (float) : (float)
The source value to END the % change caluclation from.
Returns: Returns a single output being the % value between 0-100 (with trailing numbers behind a decimal). If you want only
a certain amount of numbers behind the decimal, this function needs to be put within a formatting function to do so.
Rescale(_source, _oldMin, _oldMax, _newMin, _newMax)
Rescales series with a known '_oldMin' & '_oldMax'. Use this when the scale of the '_source' to
rescale is known (bounded).
Parameters:
_source (float) : (float)
Source to be normalized.
_oldMin (int) : (float)
The known minimum of the '_source'.
_oldMax (int) : (float)
The known maximum of the '_source'.
_newMin (int) : (float)
What you want the NEW minimum of the '_source' to be.
_newMax (int) : (float)
What you want the NEW maximum of the '_source' to be.
Returns: Outputs your previously bounded '_source', but now the value will only move between the '_newMin' and '_newMax'
values you set in the variables.
Normalize_Historical(_source, _minimumLvl, _maximumLvl)
Normalizes '_source' that has a previously unknown min/max(unbounded) determining the max & min of the '_source'
FROM THE ENTIRE CHARTS HISTORY. ]
Parameters:
_source (float) : (float)
Source to be normalized.
_minimumLvl (int) : (float)
The Lower Boundary Level.
_maximumLvl (int) : (float)
The Upper Boundary Level.
Returns: Returns your same '_source', but now the value will MOSTLY stay between the minimum and maximum values you set in the
'_minimumLvl' and '_maximumLvl' variables (ie. if the source you input is an RSI...the output is the same RSI value but
instead of moving between 0-100 it will move between the maxand min you set).
Normailize_Local(_source, _length, _minimumLvl, _maximumLvl)
Normalizes series with previously unknown min/max(unbounded). Much like the Normalize_Historical function above this one,
but rather than using the Highest/Lowest Values within the ENTIRE charts history, this on looks for the Highest/Lowest
values of '_source' within the last ___ bars (set by user as/in the '_length' parameter. ]
Parameters:
_source (float) : (float)
Source to be normalized.
_length (int) : (float)
The amount of bars to look back to determine the highest/lowest '_source' value.
_minimumLvl (int) : (float)
The Lower Boundary Level.
_maximumLvl (int) : (float)
The Upper Boundary Level.
Returns: Returns a single output variable being the previously unbounded '_source' that is now normalized and bound between
the values used for '_minimumLvl'/'_maximumLvl' of the '_source' within the user defined lookback period.
Didi's Needles setup screener Didi's Needles setup screener
I basically used the screener created by QuantNomad , made some modifications and used the indicators from the setup
Indicators used:
Didi Index, ADX, Bollinger Bands, Trix and Stochastic.
Signals from each column:
Column 'Symbol'
Blue Symbol: When the Didi, ADX and BB are with buy signals
Yellow Symbol: When Didi, ADX and BB are with sell signals
Red Symbol: When ADX, BB, Trix and Stoch are with signals to close the trade
ADX' Column
ADX Kick: When the ADX has given a Kick (Top or Bottom). ADX was rising and starts to fall
Uptrend: When the ADX is up and below the Level and the DI+ is above the DI-
Uptrend Strong: When the ADX is up and above the Level and the DI+ is above the DI-
Uptrend Falling: When the ADX is below and above the Level and the DI+ is above the DI-
Downtrend: When the ADX is below the level and the DI- is above the DI+
Downtrend Strong: When the ADX is above the level and the DI- is above the DI+
Downtrend Falling: When the ADX is below the level and the DI- is above the DI+
Didi' Column
Buy Alert: When the Fast Average crosses the Median to the upside (as long as it is not a False Point) = Needle Alert
Sell Alert: When Fast Average Crosses Median Down (as long as it is not a False Point) = Needle Alert
Needle Buy: When slow average crosses the median down = Needle confirmation
Needle Sell: When slow moving average crosses the median to high = Needle confirmation
Fake Buy: When the fast moving average crosses the median and the slow moving average is above the median and rising = False Point (Sell signal or if you are positioned on the buy side, hold the buy or raise the hand)
Fake Sell: When the fast moving average crosses the median and the slow moving average is below the median and falling = False Point (Buy signal or if you are positioned on the sell side, hold the sell or raise your hand)
BB' Column
Open Rising: When the Bollinger Bands are open and the Base Mean (BB) is rising
Open Falling: When the Bollinger Bands are open and the Base Mean (BB) is falling
Parallel Rising: When the Bollinger Bands are parallel and rising
Parallel Falling: When the Bollinger Bands are Parallel and falling
Close: When the Bollinger Bands are closed
Trix Column
Bought: When the Trix is above the MA (trix)
Sold: When the Trix is below the MA (trix)
Stoch Column
Bought: When %K is above %D
Sold: When %K is below %D
--------------------------
Rastreador para o setup de Agulhadas do Didi
Eu basicamente usei o screener criado por QuantNomad , fiz algumas modificações e usei os indicadores do setup
Indicadores usado:
Didi Index, ADX, Bandas de Bollinger, Trix e Estocástico.
Sinais de cada coluna:
Coluna 'Symbol'
Symbol Azul: Quando o Didi, ADX e BB estão com sinais de compra
Symbol Amarelo: Quando o Didi, ADX e BB estão com sinais de venda
Symbol Vermelho: Quando o ADX, BB, Trix e Stoch estão com sinais para fechar a operação
Coluna 'ADX'
Kick ADX: Quando o ADX deu um Kick (Topo ou Fundo). ADX vinha subinte e começa cair
Uptrend: Quando o ADX está subinte e abaixo do Nivel e o DI+ está acima do DI-
Uptrend Strong: Quando o ADX está subinte e acima do Nivel e o DI+ está acima do DI-
Uptrend Falling: Quando o ADX está cainte e acima do Nivel e o DI+ está acima do DI-
Downtrend: Quando o ADX está subinte e abaixo do Nivel e o DI- está acima do DI+
Downtrend Strong: Quando o ADX está subinte e acima do Nivel e o DI- está acima do DI+
Downtrend Falling: Quando o ADX está cainte e acima do Nivel e o DI- está acima do DI+
Coluna 'Didi'
Buy Alert: Quando a média rapida cruza a mediana para cima (contanto que não seja um Ponto Falso) = Alerta da Agulhada
Sell Alert: Quando a média rapida cruza a mediana para baixo (contanto que náo seja um Ponto Falso) = Alerta da Agulhada
Needle Buy: Quando a média lenta cruza a mediana para baixo = Confirmação da Agulhada
Needle Sell: Quando a média lenta cruza a mediana para cima = Confirmação da Agulhada
Fake Buy: Quando a média rapida cruza a mediana paa cima e a média lenta está acima da mediana e subindo = Ponto Falso (Sinal de venda ou caso esteja posicionado na compra, segurar a compra ou aumentar a mão)
Fake Sell: Quando a média rapida cruza a mediana para baixo e a média lenta está abaixo da mediana e caindo = Ponto Falso (Sinal de compra ou caso esteja posicionado na venda, segurar a venda ou aumentar a mão)
Coluna 'BB'
Open Rising: Quando as Bandas de Bollingers estão abertas e a média base (BB) está subindo
Open Falling: Quando as Bandas de Bollingers estão abertas e a média base (BB) está caindo
Parallel Rising: Quando as Bandas de Bollingers estão Paralelas e subindo
Parallel Falling: Quando as Bandas de Bollingers estão Paralelas e caindo
Close: Quando as Bandas de Bollingers estão fechadas
Coluna 'Trix'
Bought: Quando o Trix está acima da MA (trix)
Sold: Quando o Trix está abaixo da MA (trix)
Coluna 'Stoch'
Bought: Quando %K está acima do %D
Sold: Quando o %K está abaixo do %D
