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Crypto Boston MethodThis is one update to the EMA cross+future triggers It follows the Travis Swing Method, with the next prices for the EMA crosses, green for the 1st in, blue for the 2nd in, and silver -0.64% for the all in. Red for the sell price, orange is others (actually the sell price for second in and all in) Update: I added the cross price for the next day, it shows what will be the next cross price for Sell (red cross), green for 1st in (green cross), blue for the 2nd in (blue cross) and silver -0.64% for the all in ( silver -0.64% cross). The difference is this indicator is dynamic and depends on the actual price, the first indicator relay only on the price of the candles before, this indicator gives you the info based in the actual price. Also the Title was updated Thanks to Travis and Hanaan for their great work! //Tip Jar for the Author: //ETH/ERC20 wallet: 0xb01159a43cc4cc11d9751ae12c340b5dd493ac35 //BTC: 1AnaZMNRJWPtkLC6NQvgBzyqXBnL3DXEa6 //BCC: 1AnaZMNRJWPtkLC6NQvgBzyqXBnL3DXEa6 //LTC: LZwzgQRezaYHpae9c8ZSWYHyheadtyutqA
Penunjuk Pine Script®
oleh Trad1992
1
BTC Dominance Excluding StablecoinsBTC Dominance Excluding Stablecoins Description: The "BTC Dominance Excluding Stablecoins" indicator calculates Bitcoin's dominance as a percentage of the total cryptocurrency market capitalization, excluding the market caps of major stablecoins (USDT and USDC). Unlike the standard BTC.D ticker, which includes stablecoins in the total market cap, this indicator provides a clearer view of Bitcoin’s dominance relative to the "non-stable" crypto market. This can be useful for traders and analysts who want to assess Bitcoin’s strength without the influence of stablecoin market caps, which often skew dominance metrics during periods of high stablecoin usage. How It Works: Bitcoin Market Cap: Fetches Bitcoin’s market capitalization using CRYPTOCAP:BTC. Total Market Cap: Retrieves the total cryptocurrency market cap via CRYPTOCAP:TOTAL. Stablecoin Adjustment: Subtracts the market caps of USDT (CRYPTOCAP:USDT) and USDC (CRYPTOCAP:USDC) from the total market cap. Dominance Calculation: Computes Bitcoin’s dominance as (BTC Market Cap / Adjusted Total Market Cap) * 100, where the adjusted total excludes stablecoins. Output: Plots the resulting dominance percentage as a line chart. Features: Displays Bitcoin dominance excluding stablecoins on any timeframe. Customizable line color and thickness for better visualization. Provides a more accurate representation of Bitcoin’s market share in the volatile, non-stablecoin crypto ecosystem. Usage: Add this indicator to your TradingView chart to compare Bitcoin’s dominance against the broader altcoin market, free from stablecoin distortions. Use it alongside other indicators like BTC.D or price charts to analyze market trends, especially during periods of high stablecoin inflows or outflows. Notes: The indicator currently excludes USDT and USDC, the two largest stablecoins by market cap. Additional stablecoins (e.g., DAI, BUSD) can be added by modifying the script if desired. Data is sourced from TradingView’s CRYPTOCAP symbols, which may have slight delays or variations depending on exchange data feeds. Best used on daily or higher timeframes for smoother, more reliable results. Author: Created by K Du₿ Version: Pine Script v5
Penunjuk Pine Script®
oleh Crypto-KDuB
1
Crypto Market Caps / Global GDP %This indicator compares the total market capitalization of various crypto sectors to the global Gross Domestic Product (GDP), expressed as a percentage. The purpose of this indicator is to provide a visual representation of the relative size of the crypto market compared to the global economy, allowing traders and analysts to understand how the market is growing in relation to the overall economy. Key Features Crypto Market Caps - TOTAL: Represents the total market capitalization of all cryptocurrencies. TOTAL3: Represents the market capitalization of all cryptocurrencies, excluding Bitcoin and Ethereum. OTHERS: Represents the market capitalization of all cryptocurrencies excluding the top 10. Global GDP - The indicator uses a combination of GDP data from multiple regions across the world, including: GDP from the EU, North America (NA), and other regions. GDP data from Asia, Latin America (LATAM), and the Middle East & North Africa (MENA). Percentage Representation - The market caps (TOTAL, TOTAL3, OTHERS) are compared to the global GDP, and the result is expressed as a percentage. This allows you to easily see how the size of the cryptocurrency market compares to the entire global economy at any given time. Plotting and Visualization The indicator plots the market cap to global GDP ratio for each category (TOTAL, TOTAL3, OTHERS) on the chart. You can choose which plots to display through user inputs. The percentage scale makes it easy to compare how much of the global GDP is represented by different parts of the crypto market. Labels can be added for additional clarity, showing the exact percentage value on the chart. How to Use The indicator provides a clear view of the cryptocurrency market's relative size compared to the global economy. Higher values indicate that the crypto market (or a segment of it) is becoming a larger portion of the global economy. Lower values suggest the crypto market is still a smaller segment of the global economic activity. User Inputs TOTAL/GlobalGDP: Toggle visibility for the total market capitalization of all cryptocurrencies. TOTAL3/GlobalGDP: Toggle visibility for the market cap of cryptocurrencies excluding Bitcoin and Ethereum. OTHERS/GlobalGDP: Toggle visibility for the market cap of cryptocurrencies excluding the top 10. Labels: Enable or disable the display of labels showing the exact percentage values. Practical Use Cases Market Sentiment: Gauge the overall market sentiment and potential growth relative to global economic conditions. Investment Decisions: Help identify when the crypto market is becoming more or less significant in the context of the global economy. Macro Analysis: Combine this indicator with other macroeconomic indicators to gain deeper insights into the broader economic landscape. By providing an easy-to-understand percentage representation, this indicator offers valuable insights for anyone interested in tracking the relationship between cryptocurrency market cap and global economic activity.
Penunjuk Pine Script®
oleh aussiemcbull
Crypto Market OverviewCrypto Market Overview The Crypto Market Overview (CMO) indicator is your one-stop tool for keeping tabs on the cryptocurrency market. It provides a comprehensive snapshot of key data and trends, helping you make informed decisions in the fast-paced world of crypto trading. Here's what this indicator offers: 1. Lookback Period Control: You can customize the lookback period for percentage change calculations, tailoring it to your specific analysis needs. 2. Currency Selection: Choose your preferred currency to view market data in your desired denomination. 3. Major Market Cap Data: Real-time information on Bitcoin (BTC) and Ethereum (ETH) market caps. Total market capitalization data for the entire crypto market. 4. Stablecoin Market Cap Data: Keep track of stablecoin market caps, including USDT, USDC, DAI, TUSD, and BUSD. Get a clear picture of the stablecoin segment of the market. 5. Shitcoin Market Cap Data: An interesting category that represents the market cap of all cryptocurrencies not classified as major or stable. 6. Dominance Data: Dominance percentages for BTC, ETH, stablecoins and shitcoins. Total market dominance, allowing you to gauge the influence of major cryptocurrencies. 7. Rate of Change (RoC) Metrics: Monitor the RoC for market caps and dominance percentages. Positive or negative trends are clearly highlighted with color-coded indicators. 8. Intuitive Table Layout: A user-friendly table layout displays all the data. Key assets such as Bitcoin and Ethereum are listed along with their market caps and dominance. 9. Color Coding: Upward and downward trends are easily identifiable with color-coded cells. A white background with bold text ensures readability. The Crypto Market Overview indicator is an invaluable tool for cryptocurrency traders and enthusiasts, offering a quick and convenient way to stay updated on market dynamics. It's perfect for making data-driven decisions in the ever-changing world of digital assets.
Penunjuk Pine Script®
oleh kikfraben
Crypto Long RSI Entry with AveragingIndicator Name: 04 - Crypto Long RSI Entry with Averaging + Info Table + Lines (03 style lines) Description: This indicator is designed for crypto trading on the long side only, using RSI-based entry signals combined with a multi-step averaging strategy and a visual information panel. It aims to capture price rebounds from oversold RSI levels and manage position entries with two staged averaging points, optimizing the average entry price and take-profit targets. Key Features: RSI-Based Entry: Enters a long position when the RSI crosses above a defined oversold level (default 25), with an optional faster entry if RSI crosses above 20 after being below it. Two-Stage Averaging: Allows up to two averaging entries at user-defined price drop percentages (default 5% and 14%), increasing position size to improve average entry price. Dynamic Take Profit: Adjusts take profit targets after each averaging stage, with customizable percentage levels. Visual Signals: Marks entries, averaging points, and exits on the chart using colored labels and lines for easy tracking. Info Table: Displays current trade status, averaging stages, total profit, number of wins, and maximum drawdown percentage in a table on the chart. Graphical Lines: Shows horizontal lines for entry price, take profit, and averaging prices to visually track trade management.
Penunjuk Pine Script®
oleh propellerace
Crypto EMA TableCrypto EMA Trend Scanner A powerful tool for crypto traders to quickly identify trend strength across multiple timeframes This indicator helps you spot potential trading opportunities by analyzing the EMA (Exponential Moving Average) alignment across four different timeframes. It displays a clean, color-coded table showing which cryptocurrencies are in a strong uptrend. Key Features: Multi-Timeframe Analysis: Simultaneously scan 3-minute, 15-minute, 1-hour, and 4-hour charts Clear Visual Signals: Green cells indicate bullish EMA alignment (EMA 20 > EMA 50 > EMA 200) Customizable Symbols: Track up to 3 different cryptocurrencies of your choice Exchange Selection: Compatible with major exchanges (Bybit, Binance, Coinbase, Kraken, KuCoin, FTX) Flexible Positioning: Place the table anywhere on your chart How to Use: Add the indicator to your chart Select your preferred cryptocurrencies in the settings Position the table where you want it Look for green cells indicating EMA lineup. Use this information to identify potential entry points or confirm your trading bias
Penunjuk Pine Script®
oleh stelufl
Crypto Market Session Guide with Local TimeMaster the Markets with the Ultimate Trading Session Indicator Timing is everything in trading. Knowing when liquidity is at its peak and when market sessions overlap can make all the difference in your strategy. This Market Session Guide Indicator helps you navigate the trading day with real-time session tracking, countdown timers, and local time adjustments—giving you a clear edge in the market. Key Features Live Session Tracking – Instantly see which trading session is active: Asian, European, US, or the high-volatility EU-US overlap. Automatic Local Time Conversion – No need to convert UTC manually—session times adjust automatically based on your TradingView exchange settings. Daylight Saving Time Adjustments – The US market opening and closing times are automatically adjusted for summer and winter shifts. Countdown Timer for Session Close – Know exactly when the current session will end so you can time your trades effectively. Next Market Opening Display – Always be prepared by knowing which market opens next and at what exact time in your local timezone. Clear Visual Guide – A structured table in the top-right of your chart provides all essential session details without cluttering your screen. How It Works This indicator tracks the three main trading sessions: Asian Session (Tokyo, Sydney): 00:00 - 09:00 UTC European Session (London, Frankfurt): 07:00 - 16:00 UTC US Session (New York, Chicago): 13:30 - 22:00 UTC (adjusts automatically for Daylight Saving Time) EU-US Overlap: 12:00 - 16:00 UTC, the most volatile period of the trading day It also highlights when a session is about to close and when the next one will begin, ensuring you are always aware of liquidity shifts in the market. Why You Need This Indicator Optimized for Forex, Crypto, and Indices – Helps traders align their strategies with the most active market hours. Ideal for Scalping and Day Trading – Enter trades during peak volatility to maximize opportunities. Eliminates Guesswork – Stop manually tracking time zones and market schedules—everything updates dynamically for you. Upgrade Your Trading Strategy Today This indicator simplifies market timing, ensuring you're always trading when liquidity and volatility are at their highest. Whether you're trading Forex, Crypto, or Stocks, knowing when markets open and close is essential for making informed decisions. Try it out, and if you find it useful, consider sharing it with other traders. Your feedback is always welcome!
Penunjuk Pine Script®
oleh Waqas_Khalid
Crypto Scanner v4This guide explains a version 6 Pine Script that scans a user-provided list of cryptocurrency tokens to identify high probability tradable opportunities using several technical indicators. The script combines trend, momentum, and volume-based analyses to generate potential buying or selling signals, and it displays the results in a neatly formatted table with alerts for trading setups. Below is a detailed walkthrough of the script’s design, how traders can interpret its outputs, and recommendations for optimizing indicator inputs across different timeframes. ## Overview and Key Components The script is designed to help traders assess multiple tokens by calculating several indicators for each one. The key components include: - **Input Settings:** - A comma-separated list of symbols to scan. - Adjustable parameters for technical indicators such as ADX, RSI, MFI, and a custom Wave Trend indicator. - Options to enable alerts and set update frequencies. - **Indicator Calculations:** - **ADX (Average Directional Index):** Measures trend strength. A value above the provided threshold indicates a strong trend, which is essential for validating momentum before entering a trade. - **RSI (Relative Strength Index):** Helps determine overbought or oversold conditions. When the RSI is below the oversold level, it may present a buying opportunity, while an overbought condition (not explicitly part of this setup) could suggest selling. - **MFI (Money Flow Index):** Similar in concept to RSI but incorporates volume, thus assessing buying and selling pressure. Values below the designated oversold threshold indicate potential undervaluation. - **Wave Trend:** A custom indicator that calculates two components (WT1 and WT2); a crossover where WT1 moves from below to above WT2 (particularly near oversold levels) may signal a reversal and a potential entry point. - **Scanning and Trading Zone:** - The script identifies a *bullish setup* when the following conditions are met for a token: - ADX exceeds the threshold (strong trend). - Both RSI and MFI are below their oversold levels (indicating potential buying opportunities). - A Wave Trend crossover confirms near-term reversal dynamics. - A *trading zone* condition is also defined by specific ranges for ADX, RSI, MFI, and a limited difference between WT1 and WT2. This zone suggests that the token might be in a consolidation phase where even small moves may be significant. - **Alerts and Table Reporting:** - A table is generated, with each row corresponding to a token. The table contains columns for the symbol, ADX, RSI, MFI, WT1, WT2, and the trading zone status. - Visual cues—such as different background colors—highlight tokens with a bullish setup or that are within the trading zone. - Alerts are issued based on the detection of a bullish setup or entry into a trading zone. These alerts are limited per bar to avoid flooding the trader with notifications. ## How to Interpret the Indicator Outputs Traders should use the indicator values as guidance, verifying them against their own analysis before making any trading decision. Here’s how to assess each output: - **ADX:** - **High values (above threshold):** Indicate strong trends. If other indicators confirm an oversold condition, a trader may consider a long position for a corrective reversal. - **Low values:** Suggest that the market is not trending strongly, and caution should be taken when considering entry. - **RSI and MFI:** - **Below oversold levels:** These conditions are traditionally seen as signals that an asset is undervalued, potentially triggering a bounce. - **Above typical resistance levels (not explicitly used here):** Would normally caution a trader against entering a long position. - **Wave Trend (WT1 and WT2):** - A crossover where WT1 moves upward above WT2 in an oversold environment can signal the beginning of a recovery or reversal, thereby reinforcing buy signals. - **Trading Zone:** - Being “in zone” means that the asset’s current values for ADX, RSI, MFI, and the closeness of the Wave Trend lines indicate a period of consolidation. This scenario might be suitable for both short-term scalping or as an early exit indicator, depending on further market analysis. ## Timeframe Optimization Input Table Traders can optimize indicator inputs depending on the timeframe they use. The following table provides a set of recommended input values for various timeframes. These values are suggestions and should be adjusted based on market conditions and individual trading styles. Timeframe ADX RSI MFI ADX RSI MFI WT Channel WT Average 5-min 10 10 10 20 30 20 7 15 15-min 12 12 12 22 30 20 9 18 1-hour 14 14 14 25 30 20 10 21 4-hour 16 16 16 27 30 20 12 24 1-day 18 18 18 30 30 20 14 28 Adjust these parameters directly in the script’s input settings to match the selected timeframe. For shorter timeframes (e.g., 5-min or 15-min), the shorter lengths help filter high-frequency noise. For longer timeframes (e.g., 1-day), longer input values may reduce false signals and capture more significant trends. ## Best Practices and Usage Tips - **Token Limit:** - Limit the number of tokens scanned to 10 per query line. If you need to scan more tokens, initiate a new query line. This helps manage screen real estate and ensures the table remains legible. - **Confirming Signals:** - Use this script as a starting point for identifying high potential trades. Each indicator’s output should be used to confirm your trading decision. Always cross-reference with additional technical analysis tools or market context. - **Regular Review:** - Since the script updates the table every few bars (as defined by the update frequency), review the table and alerts regularly. Market conditions change rapidly, so timely decisions are crucial. ## Conclusion This Pine Script provides a comprehensive approach for scanning multiple cryptocurrencies using a combination of trend strength (ADX), momentum (RSI and MFI), and reversal signals (Wave Trend). By using the provided recommendation table for different timeframes and limiting the tokens to 20 per query line (with a maximum of four query lines), traders can streamline their scanning process and more effectively identify high probability tradable tokens. Ultimately, the outputs should be critically evaluated and combined with additional market research before executing any trades.
Penunjuk Pine Script®
oleh Crypt0Curious
Crypto/Stable Mcap Ratio NormalizedCreate a normalized ratio of total crypto market cap to stablecoin supply (USDT + USDC + DAI). Idea is to create a reference point for the total market cap's position, relative to total "dollars" in the crypto ecosystem. It's an imperfect metric, but potentially helpful. V0.1. This script provides four different normalization methods: Z-Score Normalization: Shows how many standard deviations the ratio is from its mean Good for identifying extreme values Mean-reverting properties Min-Max Normalization: Scales values between 0 and 1 Good for relative position within recent range More sensitive to recent changes Percent of All-Time Range: Shows where current ratio is relative to all-time highs/lows Good for historical context Less sensitive to recent changes Bollinger Band Position: Similar to z-score but with adjustable sensitivity Good for trading signals Can be tuned via standard deviation multiplier Features: Adjustable lookback period Reference bands for overbought/oversold levels Built-in alerts for extreme values Color-coded plots for easy visualization
Penunjuk Pine Script®
oleh davewhiiite
Crypto Divergence from BTCThis script is used to indicate when price action of a crypto coin is diverging significantly from that of BTC. Explanation of the Script: Inputs: roc_length: The period used for calculating the Rate of Change. ma_length: The period used for the moving average of the ROC. threshold: The percentage difference that indicates a divergence. Price Data: The script retrieves the current asset's price and Bitcoin's price. ROC Calculation: The ROC for both the current asset and BTC is calculated based on the defined roc_length. Moving Averages: Simple moving averages (SMA) of the ROC values are calculated to smooth out the data. Divergence Detection: The indicator checks if the current asset's ROC MA is significantly higher or lower than Bitcoin's ROC MA based on the specified threshold. Plotting: The script plots the ROC values and their moving averages. It also highlights the background in green when a bullish divergence is detected (when the asset is moving up while BTC is lagging) and in red for a bearish divergence.
Penunjuk Pine Script®
oleh sdmx89
Crypto Heatmap [Pinescriptlabs]🌟 Crypto Heatmap is a visual tool that enables quick and efficient visualization of price behavior and percentage changes of various cryptocurrencies. 📊 It generates a heatmap to show variations in daily closing prices, helping traders quickly identify assets with the most movement. 📈 Percentage Change Calculation: It calculates the difference between the current price and the previous day's price, updating with each ticker. ✨ It uses a dynamic approach that adjusts colors based on market movements, making it easier to detect trading opportunities. 👀 You will notice for a moment that some cells disappear; this is because the table updates with each ticker to show real-time changes. Español: 🌟 Crypto Heatmap es una herramienta visual que permite una rápida y eficiente visualización del comportamiento de precios y cambios porcentuales de varias criptomonedas. 📊 Genera un mapa de calor para mostrar las variaciones en los precios de cierre diario, ayudando a los traders a identificar rápidamente los activos con mayor movimiento. 📈 Cálculo del cambio porcentual: Calcula la diferencia entre el precio actual y el del día anterior, actualizándose en cada ticker. ✨ Utiliza un enfoque dinámico que ajusta los colores según los movimientos del mercado, facilitando la detección de oportunidades de trading. Aquí tienes la traducción al español: 👀 **Observarás por un momento que algunas celdas desaparecen; esto es porque la tabla se actualiza en cada ticker para mostrar el cambio en tiempo real.**
Penunjuk Pine Script®
oleh PINE_LABS
Crypto Narratives: Relative StrengthThis indicator offers a unique perspective on the crypto market by focusing on the relative strength of different narratives. It aggregates RSI data from multiple tokens associated with each narrative, providing a comprehensive view of the sentiment and momentum behind these themes. You can use it to take profit, find W bottoms or M tops to enter and exit narratives. and generally see what hot at the moment with lots of pretty colours. This indicator tracks the relative strength of various crypto narratives using the Relative Strength Index (RSI) of representative tokens. It allows users to gauge the momentum and sentiment behind different themes in the cryptocurrency market. Functionality: The indicator calculates the average RSI values for the current leading tokens associated with ten different crypto narratives: - AI (Artificial Intelligence) - Ordinals - DeFi (Decentralized Finance) - Memes - Gaming - Level 1 (Layer 1 Protocols) - Sol Betas (Solana Ecosystem) - Storage/DePin - RWA (Real-World Assets) - ReStaking he average RSI values for each narrative are calculated by summing the RSI values of the associated tokens and dividing by the number of tokens. The indicator plots the 3-period simple moving average (SMA) of each narrative's RSI using different colors and line styles. Users can customize the RSI length, line width, and label offset through the input options. If the "Show Labels" option is enabled, the indicator displays labels for each narrative's RSI value on the most recent bar. The indicator also includes horizontal lines representing overbought and oversold levels, which can be adjusted through the input options. Alerts are triggered when a narrative's RSI crosses above the overbought level or below the oversold level. The alerts include the narrative name, RSI value, and a suggestion to consider selling or buying.
Penunjuk Pine Script®
oleh scarf
6
Crypto USD LiquidityThe "Crypto USD Liquidity " indicator is designed to offer a comprehensive analysis of liquidity dynamics within the cryptocurrency market, specifically focusing on various stablecoins. This versatile tool allows users to tailor their analysis by adjusting key parameters such as the Rate of Change (ROC) length and the smoothing rate. The indicator incorporates a user-friendly interface with options to selectively display the supply data for major stablecoins, including USDT, BUSD, USDC, DAI, and TUSD . Users can toggle these options to observe and compare the liquidity trends of different stablecoin assets. The total liquidity is computed as the summation of the selected stablecoin supplies, providing a holistic view of the overall crypto market liquidity. The Rate of Change (ROC) and its smoothing are then applied to the aggregated liquidity data. This process helps users identify trends and potential turning points in the liquidity landscape. The visual representation on the chart includes a color-coded display: positive changing ROC values are shaded in green, indicating potential increases in liquidity, while negative values are shaded in red, suggesting potential decreases. This color scheme enhances the user's ability to quickly interpret the changing dynamics of stablecoin liquidity. Moreover, the script includes a Zero Line for reference and overlays the raw ROC values for additional insight. The resulting chart not only serves as a powerful analytical tool for traders and investors but also contributes to a deeper understanding of the nuanced movements within the broader cryptocurrency market. In summary, the "Crypto USD Liquidity" Pine Script indicator empowers users with a customizable and visually informative tool for analyzing and interpreting the complex dynamics of stablecoin liquidity, facilitating more informed decision-making in the realm of cryptocurrency trading and investment.
Penunjuk Pine Script®
oleh VanHe1sing
2
Crypto Candlestick Patterns - CN VersionIntroduction: The candlestick chart has been used for centuries since the Japanese applications. Based on the candlestick charting, people developed candle pattern analysis. Now we have tons of books or articles illustrating the usage of reversal patterns and continuation patterns, and computers provide a faster and preciser way to recognize these pattern. Originally we have a common *All Candlestick Patterns* indicator to use. This indicator works well for most of the markets or commodities including stocks and futures. However, for cryptocurrency market, quite a few patterns are not suitable anymore. For example, crypto markets are continuously running 7x24hrs and the big coins with good volume tend to have almost continuous price in commonly used time periods. Hence, original patterns with "window" or "jump" concepts are usually not applied to crypto. For these issues, I modified the original *All Candlestick Patterns* indicator and introduced the Chinese version for people speaking such language. Like most of the other indicators, I personally do not recommend anyone to simply follow the patterns it shows to enter the market. You may take these recognized patterns as a reference, and further actions on trading should be done with several other tools, such as MACD, RSI, Stochastic and etc. Usage: The application of this indicator is basically the same as the original *All Candlestick Patterns* and you will get an automatically generated pattern recognition by your computer system. There are a few parameters to adjust for the indicator: Trending Detection Settings: Here you can choose SMA-Fast, SMA-Fast/Slow or None detecting options to recognize the current market trend. This is a minor improvement from the original indicator and you can choose your preferred trending detecting settings by changing the length of SMA. Candlestick Settings: You may adjust the rules to recognize the properties of candlesticks. I add a "perturbation" parameter here, which actually is an error tolerance for pattern recognition. Some seemingly pattern may not fulfill the strict rules of classic candlestick patterns, but we may recognize them by watch the charting on our own. Hence this error tolerance may show more potential patterns from the charting. Plot Settings: It is the usually colour choice and providing options for bullish/bearish. Pattern Settings: Here you can select the patterns that you would like to see from the charting. You can pick the preferred reversal patterns or choose to show all the patterns. It's all up to you! Features: Language Translation: Since this is a Chinese language version. I have replaced all the English explanation of patterns to Chinese ones. Move your mouse to the label, you will find a brief intro of the pattern and a notice about bullish or bearish signals it indicates. Alerts: As the same as the original one, we will have the alert options from this indicator. All the alerts and their messages are Chinese. You can activate alerts based on this indicator from the alert management section, as the same as many other indicators you have used before. Future Improvements: For now I am satisfied with the work I have done, and I may apply it to several charts. It's welcome for any users to take a look at the codes and put modifications or improvements towards it. Currently most of the comments in the code are in Chinese language, since basically it's for Chinese speaking users, while the code itself and the parameter names should be pretty easy to understand in English. (I have been using English for writing in the past 8 years, hence this introduction is in English as well.)
Penunjuk Pine Script®
oleh rhapsodyz