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Expected Move BandsExpected Moves The Expected Move of a security shows the amount that a stock is expected to rise or fall from its current market price based on its level of volatility or implied volatility. The expected move of a stock is usually measured with standard deviations. An Expected Move Range of 1 SD shows that price will be near the 1 SD range 68% of the time given enough samples. Expected Move Bands This indicator gets the Expected Move for 1-4 Standard Deviation Ranges using Historical Volatility. Then it displays it on price as bands. The Expected Move indicator also allows you to see MTF Expected Moves if you want to. This indicator calculates the expected price movements by analyzing the historical volatility of an asset. Volatility is the measure of fluctuation. This script uses log returns for the historical volatility calculation which can be modelled as a normal distribution most of the time meaning it is symmetrical and stationary unlike other scripts that use bands to find "reversals". They are fundamentally incorrect. What these ranges tell you is basically the odds of the price movement being between these levels. If you take enough samples, 95.5% of the them will be near the 2nd Standard Deviation. And so on. (The 3rd Standard deviation is 99.7%) For higher timeframes you might need a smaller sample size. Features MTF Option Parameter customization
Penunjuk Pine Script®
oleh Traders_Endeavors
Apeiron Fair Value Bands ProWHAT IS IT The Apeiron Fair Value Bands Pro is an indicator that estimates the fair value area of an asset and provides levels of interest and likely reaction. It was created to determine fair value. Knowing fair value allows traders and investors to determine when an asset is at a premium or at a discount, which allows them to make more informed decisions about when to buy or sell. Fair value is constantly changing, and sometimes waiting for it to develop each session or month can lead to missed opportunities. Therefore, it is useful to have an estimate of fair value at all times. HOW DOES IT WORK? The simplest way to have a constant estimation of fair value could probably be a Moving Average. By averaging previous prices, we get the average price which ideally reflects where most traders have been interested in participating in the market. This isn’t necessarily the most accurate fair value estimation you can get, however using different types of moving averages and combining them allows for a better estimation of the FV. It is also important to consider that price is always moving away and back into the MA, so in order to determine FV, we must allow an area for price to move within which we can consider the FVA. By taking into account volatility, previous relevant levels and the MA, the Apeiron Bands determine a FVA, where in theory price should stay most of the time. According to the normal distribution, the price should stay within 1 standard deviation (SD) around 68% of the time and within 2 SD around 95% of the time during range periods (when data is most symmetrical). In the case of the Apeiron Bands, based on backtest data, the price tends to stay within 1 FVA around 75% of the time, within 2 FVA around 90% of the time during strong trends, around 80% and 95% correspondingly during weak trends, and >85% and >95% during ranges. Additionally, based on backtesting data, pivots occur on average at around 1 FVA ±0.05 (This does not necessarily mean that most pivots occur at 1 FVA, however, the fact the average is 1±0.05 implies there is relevance to this level). Finally, in order to account for volatility and the slight differences between symbols, a customizable tolerance ribbon is added to the moving average (MA) and each plotted band. This data remains the same throughout all timeframes and types of market (tested on cryptocurrencies, forex pairs, stocks, indices and futures) Examples of the time spent within the FVAs: Examples of average pivot FVA : HOW TO USE IT? Identify potential reversal levels at premium and discount prices: Knowing that price stays within 1 FVA the majority of time and inside 2 FVA most of the time, as well that in average pivots occur around 1 FVA, it can be inferred that both the Bands representing 1 & 2 FVA (B1 & B2) work as potential reversal levels as shown in the examples. This can be very good in confluence with other strategies to spot trade entries. If this is done taking into account if the asset is at a premium or discount allows for a higher probability of being on the right side of the market. For example, during an uptrend price sometimes goes below it’s MA only to then continue up. In this particular case, the bands would provide an ideal entry at a discount to ride the uptrend. During ranges, the bands can be used to identify potential pivots for each move up and down, and because of their adaptive nature they can be a great confluence to which horizontal levels are more likely to act as support and resistance. For intraday traders, the bands can help them identify assets at one of the extremes and potentially even inside one of the bands, indicating that price is likely to reverse from there. Then they can use LTF to find ideal entries or catch the trend with the bands. For swing traders and investors, using the bands can be a good way to scan different assets to find extended prices to either side and potential entry levels Identify emerging trends: Sometimes price will have a minimum reaction to the bands or no reaction at all. Knowing that price spends most of the time inside the bands, the fact that it breaks out of the FVA indicates that a new trend is likely to begin on that particular TF and price will try to establish a new FVA. Once there is a sustained PA outside the bands, a new trend can be assumed (Deviations happen as well, so it is very important to be aware of higher TF as well). Other times, price will start sliding between B1 and B2, slowly displacing the MA. This can also be an indication for the start of a trend. Identify exhaustions (potential tops & bottoms): I call exhaustions to scenarios when price keeps going up/down but it fails to keep pushing the FVA with it. This indicates weakness in the trend and that a new FVA is being established. This often leads to a potential reversal or correction that marks the top or bottom of a move. Not only that, but when the new FVA is established price tends to go and test the other side of the FVA. Identifying exhaustions and being patient for them to form can potentially provide a great entry and RR ratio. Exhaustions also happen after strong rallies or crashes, and in these cases it is advised to wait for price to re-enter its FVA, providing more clarity and often even better entries. Exhaustions appear in all timeframes and symbols, however they can take some time to develop and it is important to be patient with them. And as always, it is highly recommended to also check for confluence on different TF. 8H Bands: 4H Bands: Additional Features: - Additional Bands: The Apeiron Fair Value Bands can plot up to 4 Bands. Each fully customizable. The preset and suggested use is to have B1 & B2 and add thinner aid bands B0.5 & B1.5 which represent the middle of 1 & 2 FVA. These are not the main levels of interest but they can prove useful as support and resistance many times. Besides using mid levels, using fib values (0.618 & 1.618) can work even better on some assets and give better reactions. NATGAS 1H Bands - Fib Mids: The extra bands can also be used for FVA 3 and FVA 4, which can be useful during extremely volatile periods or on very LTF - Multi Timeframe & precision: The bands work on very low TF as well as High TF. Sometimes data can be limited on HTF and the bands will not have enough to be calculated and many LTF are very volatile and don’t work as well. In these scenarios, the bands have a setting called “Precision” under the preferences section that allows the user to decrease or increase the amount of data taken into account. This allows for optimization on any TF and even on any symbol. GOLD 1min Bands: EURUSD 5D Bands: VIX 1H Bands: - Multi Bands Confluence: Combining 2 different length FV bands can be very useful to find confluence levels and spot trends and reversals earlier. For example, on the 15 min TF, using a 50 MA with only 1 FVA at the same time as a 200 MA with all Band can be ideal to keep track of short term moves and their micro-trends while always considering the longer trend which might be different that the short term one. As well, having MTF band confluence can indicate that a level is more likely to signal a reversal if reached. - Multi Timeframe Confluence: One of the best ways to use the bands is by using it in confluence with itself in other TFs, when price moves sharply into a confluent level given by multiple TFs’ Bands, it is more likely for price to find support and resistance and/or reverse there. Ex. 5 Min B2, 15 Min B1.5 & 30 Min B1, if price reaches this confluent level and shows weakness, this is likely a short term reversal level. NATGAS MTF Bands: How to set it up and customize it: (Explain how they are important) - The MA Lab: The Apeiron Bands utilizes a MA Lab to generate the most customizable MAs possible. It allows combining up to 3 different MAs, where each MA can be single, double or triple (same process as creating a DEMA or TEMA). As well each MA can be given more or less weight in the calculation of the final MA. Besides it’s features, the MA Lab allows the user to select only one MA and stick to basic settings and MA types if preferred. When to use the MA Lab: If you wanted a reactive MA (EMA) which was also volume weighted, you can then combine it with a VWMA and get a VW-EMA. If you want a more reactive VWMA you can double or triple it. Then in order to make it smoother you combine it with a SMMA. Finally maybe you want to use it to follow trends closely so you also combine it with a HMA to take momentum into consideration. - Presets: The multiplier for each band, the width of each tolerance ribbon and the individual colors of each band can all be individually selected. However, to make the user's experience as smooth as possible, FVA multipliers, Ribbon width and colors can be preset and modified all at the same time with the most basic and ideal settings. This allows for quick customization options as well as personalized detailed custom settings. - Show only Lower or Upper bands: This setting is meant for scouting for discounts and premiums across the board. By only showing bands on one side it cleans up the chart and makes it easier to spot important levels on only one side of the price. This can be very useful when looking for swing opportunities or when following a particular trend to only focus on potential entries for it. MATIC 4H Bands showing only bottom bands: AMZN 1D Bands showing only bottom bands: Settings used in indicator preview: - Custom MA: 200 EMA/200 WMA/200 SMMA (200 EWSMMA) - Band 1: 0.5 - Ribbon Width: 5 - Color: Blue - Band 2: 1 - Ribbon Width: 10 - Color: Green - Band 3: 1.5 - Ribbon Width: 5 - Color: Blue - Band 4: 2 - Ribbon Width: 10 - Color: Red Disclaimer: The bands CAN but are NOT meant to be used as a standalone indicator. Previous performance does not guarantee future performance. The bands are an analytical tool, not a signal indicator. While certain scenarios can be interpreted as a signal, never follow them blindly and always use them in confluence with other analysis, systems or indicators.
Penunjuk Pine Script®
oleh In_Finito_
Directional Volume EStimate from Price Action (RedK D_VESPA)The "Directional Volume EStimate from Price Action (RedK D_VESPA)" is another weapon for the VPA (Volume Price Analysis) enthusiasts and traders who like to include volume-based insights & signals to their trading. The basic concept is to estimate the sell and buy split of the traded volume by extrapolating the price action represented by the shape of the associated price bar. We then create and plot an average of these "estimated buy & sell volumes" - the estimated average Net Volume is the balance between these 2 averages. D_VESPA uses clear visualizations to represent the outcomes in a less distracting and more actionable way. How does D_VESPA work? ------------------------------------- The key assumption is that when price moves up, this is caused by "buy" volume (or increasing demand), and when the price moves down, this is due to "selling" volume (or increasing supply). Important to note that we are making our Buy/sell volume estimates here based on the shape of the price bar, and not looking into lower time frame volume data - This is a different approach and is still aligned to the key concepts of VPA. Originally this work started as an improvement to my Supply/Demand Volume Viewer (V.Viewer) , I ended up re-writing the whole thing after some more research and work on VPA, to improve the estimation, visualization and usability / tradability. Think of D_VESPA as the "Pro" version of V.Viewer -- and please go back and review the details of V.Viewer as the root concepts are the same so I won't repeat them here (as it comes to exploring Balance Zone and finding Price Convergence/Divergence) Main Features of D_VESPA -------------------------------------- - Update Supply/Demand calculation to include 2-bar gaps (improved algo) - Add multiple options for the moving average (MA type) for the calculation - my preference is to use WMA - Add option to show Net Volume as 3-color bars - Visual simplification and improvements to be less distracting & more actionable - added options to display/hide main visuals while maintaining the status line consistency (Avg Supply, Avg Demand, Avg Net) - add alerts for NetVol moving into Buy (crosses 0 up) or Sell (crosses 0 down) modes - or swing from one mode to the other (there are actually 2 sets of alerts, one set for the main NetVol plot, and the other for the secondary TF NetVol - give user more options on how to utilize D_VESPA) Quick techie piece, how does the estimated buy/sell volume algo work ? ------------------------------------------------------------------------------------------ * per our assumption, buy volume is associated with price up-moves, sell volume is associated with price down-moves * so each of the bulls and bears will get the equivalent of the top & bottom wicks, * for up bars, bulls get the value of the "body", else the bears get the "body" * open gaps are allocated to bulls or bears depending on the gap direction The below sketch explains how D_VESPA estimates the Buy/Sell Volume split based on the bar shape (including gap) - the example shows a bullish bar with an opening gap up - but the concept is the same for a down-bar or a down-gap. I kept both the "Volume Weighted" and "2-bar Gap Impact" as options in the indicator settings - these 2 options should be always kept selected. They are there for those who would like to experiment with the difference these changes have on the buy/sell estimation. The indicator will handle cases where there is no volume data for the selected symbol, and in that case, it will simply reflect Average Estimated Bull/Bear ratio of the price bar The Secondary TF Est Average Net Volume: --------------------------------------------------------- I added the ability to plot the Estimate Average Net Volume for a secondary timeframe - options 1W, 1D, 1H, or Same as Chart. - this feature provides traders the confidence to trade the lower timeframes in the same direction as the prevailing "market mode" - this also adds more MTF support beyond the existing TradingView's built-in MTF support capability - experiment with various settings between exposing the indicator's secondary TF plot, and changing the TF option in the indicator settings. Note on the secondary TF NetVol plot: - the secondary TF needs to be set to same as or higher TF than the chart's TF - if not, a warning sign would show and the plot will not be enabled. for example, a day trader may set the secondary TF to 1Hr or 1Day, while looking at 5min or 15min chart. A swing/trend trader who frequently uses the daily chart may set the secondary TF to weekly, and so on.. - the secondary TF NetVol plot is hidden by default and needs to be exposed thru the indicator settings. the below chart shows D_VESPA on a the same (daily) chart, but with secondary TF plot for the weekly TF enabled Final Thoughts ------------------- * RedK D_VESPA is a volume indicator, that estimates buy/sell and net volume averages based on the price action reflected by the shape of the price bars - this can provide more insight on volume compared to the classic volume/VolAverage indicator and assist traders in exploring the market mode (buyers/sellers - bullish/bearish) and align trades to it. * Because D_VESPA is a volume indicator, it can't be used alone to generate a trading signal - and needs to be combined with other indicators that analysis price value (range), momentum and trend. I recommend to at least combine D_VESPA with a variant of MACD and RSI to get a full view of the price action relative to the prevailing market and the broader trend. * I found it very useful to take note and "read" how the Est Buy vs Est Sell lines move .. they sort of "tell a story" - experiment with this on your various chart and note the levels of estimate avg demand vs estimate avg supply that this indicator exposes for some very valuable insight about how the chart action is progressing. Please feel free to share feedback below.
Penunjuk Pine Script®
oleh RedKTrader
23
The Strat [LuxAlgo]The Strat indicator is a full toolkit regarding most of the concepts within "The Strat" methodology with features such as candle numbering, pivot machine gun (PMG) highlighting, custom combo highlighting, and various statistics included. Alerts are also included for the detection of specific candle numbers, custom combos, and PMGs. 🔶 SETTINGS Show Numbers on Chart: Shows candle numbering on the chart. Style Candles: Style candles based on the detected number. Only effective on non-line charts and if the script is brought to the front. 🔹 Custom Combo Search Combo: User defined combo to be searched by the script. Combos can be composed of any series of numbers including (1, 2, -2, 3), e.g : 2-21. No spaces or other characters should be used. 🔹 Pivot Machine Gun Show Labels: Highlight detected PMGs with a label. Min Sequence Length: Minimum sequence length of consecutive higher lows/lower highs required to detect a PMG. Min Breaks: Minimum amount of broken previous highs/lows required to detect a PMG. Show Levels: Show levels of the broken highs/lows. 🔹 Pivot Combos Pivot Lookback: Lookback period used for detecting pivot points. Right Bars Scan: Number of bars scanned to the right side of a detected pivot. Left Bars Scan: Number of bars scanned to the left side of a detected pivot. 🔹 Dashboard Show Dashboard: Displays statistics dashboard on chart. Numbers Counter: Displays the numbers counter section on the dashboard. Pivot Combos: Displays pivots combo section on the dashboard. %: Display the percentage of detected pivot combos on the dashboard instead of absolute numbers. Pivot Combos Rows: Number of rows displayed by the "Pivots Combo" dashboard section. Show MTF: Showa MTF candle numbering on the dashboard. Location: Location of the dashboard on the chart. Size: Size of the displayed dashboard. 🔶 USAGE This script allows users with an understanding of The Strat to quickly highlight elements such as candle numbers, pivot machine guns, and custom combos. The usage for these concepts is given in the sub-sections below. 🔹 Candle Numbers The Strat assigns a number to individual candles, this number is determined by the current candle position relative to the precedent candle, these include: Number 1 - Inside bar, occurs when the previous candle range engulfs the current one. Number 2 Up - Upside Directional Bar, occurs when the current price high breaks the previous high while the current low is lower than the previous high. Number 2 Down - Downside Directional Bar, occurs when the current price low breaks the previous low while the current high is higher than the previous low. Number 3 - Outside bar, occurs when the current candle range engulfs the previous one. The script can highlight the number of a candle by using labels but can also style candles by depending on the candle number. Inside bars (1) only have their candle wick highlighted, directional bars (2) (-2) only have their candle body highlighted. Outside bars have their candle range highlighted. Note that downside directional bars are highlighted with the number -2. Users can see the total amount of times a specific candle number is detected on the historical data on the dashboard available within the settings, as well as the number of times a candle number is detected relative to the total amount of detected candle numbers expressed as a percentage. It is also possible to see the current candle numbers returned by multiple timeframes on the dashboard. 🔹 Searching For Custom Combos Combos are made of a sequence of two or more candle numbers. These combos can highlight multiple reversals/continuation scenarios. Various common combos are documented by The Strat community. This script allows users to search for custom combos by entering them on the Combo user setting field. When a user combo is found, it is highlighted on the chart as a box highlighting the combo range. 🔹 Pivot Combos It can be of interest to a user to display the combo associated with a pivot high/low. This script will highlight the location of pivot points on the chart and display its associated combo by default. These are based on the Pivot Combo lookback and not displayed in real-time. Users can see on the dashboard the combos associated with a pivot high/low, these are ranked by frequency. 🔹 Pivot Machine Gun (PMG) Pivot Machine Guns (PMG)s describe the scenario where a single price variation breaks the value of multiple past successive higher lows/lower highs. This can highlight a self-exciting behavior, where even more past successive higher lows/lower highs get broken. Users can select the minimum sequence length of successive higher lows/lower highs required for a PMG to be detected, as well the amount of these successive higher lows/lower highs that must be broken.
Penunjuk Pine Script®
oleh LuxAlgo
28
TwV Multi-timeframe Dynamic VRVPMulti-timeframe Dynamic Visible Range Volume Profile The volume profile is an indicator that displays trading activity over a specified period and plots a histogram on the chart which reveals dominant and significant price levels based on volume and in essence gives a clear indication of Supply or demand at a certain price rather than volume in a certain period. What makes this VRVP indicator different from other is that it is multi-timeframe and dynamic, meaning that it has the ability to show the POC for a higher timeframe and that it also recalculates the main POC every single time traders adjust the chart. Most VRVP need to be adjusted to a fixed position for the Main POC, I made an improvement by giving the indicator the ability to identify the bars that are being look at in the screen, this really gives traders the possibility and agility to identify potential support and resistance areas without the need to be changing any settings on the indicator. Furthermore, giving the ability to the indicator to be multi-timeframe allows traders not only to work with a point of control in one timeframe, but also have a dashed line plotting the Point of Control of a HIGHER timeframe, which could potentially be a strongest support or resistance. The multi-timeframe point of control is fixed only. This VRVP is completely similar to the official Trading View paid subscription one. Fundamentals Point of Control (POC): The price level for the time period with the highest traded volume. The POC is represented by an amber line within the indicator. Profile High: The highest reached price level during the specified time period Profile Low: The lowest reached price level during the specified time period. Value Area (VA): The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion. Value Area High (VAH): The highest price level within the value area. Value Area Low (VAL): The lowest price level within the value area. Usage The Resistance and Support levels can be provided by the Volume profile using a reactive method so they constantly change with price action and give a clearer picture to predict future price movements. The Reactive method relies on past price movements at certain price levels and applies a more significant understanding of price reaction at certain meaningful levels Support levels will be areas where price will be supported on the way down. Resistance levels will be areas that resist price on the way up. A basic understanding of this is that Buyers will enter the market at the bottom of a profile and sellers will enter the market at the top of the profile. Configuration By the default the indicator has enabled plotting the charts timeframe Volume Profile. Multi-timeframe option needs to be enabled and desired timeframe chosen from selector menu. Bars back value for fixed calculation of the multi-timeframe point of control. Traders can adjust default settings as follows: Charts timeframe VRVP Main POC color – Yellow Positive Volume – Green Negative Volume – Red VRVP Width – 100 (Refers to the plotting width for better suiting on small screens) Multi timeframe VRVP Enable or disable calculations Bars back - Fixed numbers of bars for calculation (Consider that max bars back limit is 5000, but it considers 5000 bars on the current charts timeframe, therefore traders need to take into consideration converting number of bars in higher timeframe to charts timeframe) e.g. Charts timeframe 15m – MTF desired 1H 1H = 60 min 15m = 15 min – 100 bars back equivalent to (60 min * 100) / 15 = 400 Lower than 5000 then calculations takes place, otherwise calculations will be disabled. Multi-timeframe POC color = Light blue DASHED Timeframe desired – 1H by default Summary box Enable or disable box Box shows information regarding the exact price where Main POC and MTF POC reside Table Size for better fitting on mobile devices able Position for adjusting to each trader’s preference or use in combination with other indicators
Penunjuk Pine Script®
oleh haimico
13
TMO ScalperTMO - (T)rue (M)omentum (O)scillator) MTF Scalper Version TMO Scalper is a special custom version of the popular TMO Oscillator. Scalper version was designed specifically for the lower time frames (1-5min intraday scalps). This version prints in the signals directly on top of the oscillator only when the higher aggregations are aligned with the current aggregation (the big wheels must be spinning in order for a small wheel to spin). The scalper consist of three MTF TMO oscillators. First one is the one that plot signals (should be the fastest aggregation), second serves as a short term trend gauge (good rule of thumb is to us 2-5x of the chart time frame or the first aggregation). The third one (optional) is shaded in the background & should only serve as a trend gauge for the day (usually higher time frames 30min+). Time Frames Preffered by Traders: 1. 1m / 5m / 30m - This one is perfect for catching the fastest moves. However, during choppy days the 1min can produce more false signals.. 2. 2m / 10m / 30m - Healthy middle, the 2min aggregation nicely smooths out the 1min mess. Short term gauge is turning slowly (10min for a signal to confirm). 3. 3m / 30m / 60m - This TF is awesome for day traders that prefer to take it slow. Obviously, this combination will produce far less signals during the day. Hope it helps.
Penunjuk Pine Script®
oleh lnlcapital
66
LutrewMTF// ————— Plots var cMarkerUp = color.new(color.lime, 0) var cMarkerDn = color.new(color.red, 0) plotshape(A1U, "Marker 1 Up", shape.triangleup, location.belowbar, cMarkerUp, size = size.tiny, text = "1") plotshape(A2D, "Marker 2 Dn", shape.triangledown, location.abovebar, cMarkerDn, size = size.tiny, text = "2") plotshape(A3U, "Marker 3 Up", shape.triangleup, location.belowbar, cMarkerUp, size = size.tiny, text = "‎\n3") plotshape(A4D, "Marker 4 Dn", shape.triangledown, location.abovebar, cMarkerDn, size = size.tiny, text = "4\n‎") plotshape(A5U, "Marker 5 Up", shape.triangleup, location.belowbar, cMarkerUp, size = size.tiny, text = "‎\n‎\n5") plotshape(A6D, "Marker 6 Dn", shape.triangledown, location.abovebar, cMarkerDn, size = size.tiny, text = "6\n‎\n‎") plotshape(A7U, "Marker 7 Up", shape.triangleup, location.belowbar, cMarkerUp, size = size.tiny, text = "‎\n‎\n7") plotshape(A8D, "Marker 8 Dn", shape.triangledown, location.abovebar, cMarkerDn, size = size.tiny, text = "8\n‎\n‎") // ————— Alert alertcondition( A1U or A2D or A3U or A4D or A5U or A6D or A7U or A8D, "Pivots MTF: Configured Markers", "Pivots MTF Alert") // }
Penunjuk Pine Script®
oleh AyberkOkuur
1
dize Multi-Timeframe TrendHi Trader, the "Multi-Timeframe Trend" indicator is one part of our holistic approach to identifying trading setups. It is one of many indcators of our dize indicator package and should always be used in conjunction with the other dize indicators. 💡 What is the MTF Trend indicator? Our "Multi-Timeframe Trend" indicator allows to view the trend on different timeframes. The multi-timeframe approach helps us to filter out noise from the market and to find the overarching trend. In addition to the trend, the indicator also shows the percentage change for each up and down movement, which is an expression of the trend strength. We use a proprietary approach to identifying turning points, which will be used for trend recognition. Furthermore, we connect the most recent dominating highs and lows to create two trendlines at the most right side of the chart. 💡 How to use it? Using the "Multi-Timeframe Trend" indicator is pretty straight forward. After applying it to your chart you will have to adjust the "Resolution" parameter in the settings. Please be aware, that the selected resolution should always be higher than the displayed chart timeframe. Once that is done, the indicator will show the up- and downmovements of the higher timeframe on your chart. To fine-tune the trendlines, you should first activate the "Show Trendlines" checkbox. After that we will use the "Trendlines Depth" parameter to detect the most optimal trendlines out of the latest "n" up and down turning points. Let's have a look: In the above example you can see a daily Bitcoin chart with a weekly MTF Trend configuration. Initially it shows an uptrend. You will notice how the up- and downswing percentages change over time and move into favor of the bears. The red numbers (downmovement) increase, while the green number (upmovement) decrease. It's easy to identify the sentiment shift. Lastly, the indicator shows two trendlines, which both indicate the current direction of the market. 🔓 To gain access to this indicator, please read the signature field.
Penunjuk Pine Script®
oleh paaax
STS_RSI_MTFThe STS RSI MTF Indicator shows overbought and oversold conditions of the RSI. It follows and displays the RSI values on all timeframes from M1 to MN1 in the lower left corner of your chart. The RSI options are completely adjustable. You can choose different periods for the RSI. Multiple variants for the RSI applied price can be chosen (e.g. close price, open price, high, low, etc.). Different values can be set for the Up and Down levels of the RSI. For example, if you set the STS RSI MTF indicator with Up level 70 and Down level 30, it will show in green all values below 30 (oversold), and in red all values above 70 (overbought).
Penunjuk Pine Script®
oleh SmartTradingSoftware
PFCC - Pivot Fractal Chaos Channel [Open Source]With the release of my indicator "TOTC - Trade outside the Channel" , the Pivot Fractal Chaos Channel used there has attracted significant interest. Due to requests from some users, I am happy to publish the source code of the PFCC - although it is not "new" and has been implemented in many other scripts in one way or another. Some Examples: Support and Resistance Levels with Breaks: Support Resistance MTF: Pivot Points High Low (HH/HL/LH/LL): The code is briefly commented. Please feel free to use or further customize it ... And, of course, I would be happy to be named and/or linked. If you're satisfied, maybe buy me a coffee ;-) I'm curious to see how this indicator will develop with more ideas - Please keep me updated by commenting below or by sending me a message. Let's take a quick look at the function and idea PFCC - "Pivot Fractal Chaos Channel" or also known as "Fractal Chaos Band" can serve as a baseline trend indicator for your strategy. Essentially, the "Fractal Chaos Channel" shows an overall panorama of price action. As they filter out the insignificant price fluctuations. The upper level is created by drawing price highs and the lower level is created by drawing price lows. Two Ideas, how this indicator can be used Trend indicator: If the price breaks the upper line, it could be taken as a buy signal. If the price breaks the lower line, it could be taken as a sell signal. Trailing Stop Loss: You can track the stop loss with the rising line in case of a buy trade. On the other hand, you can track the stop loss with the falling fractal line in case of a sell trade. What do I need to consider? It may be advisable to add further indicators and an analysis of the market structure in order to confirm the signals issued by the indicator. Please note that when you make adjustments to any strategy, you always carry out particularly detailed tests. You would like to use this indicator, but you have adjustment requests, you want to have additional filters or features implemented, ...? I am happy to create individual indicators based on "PFCC - Pivot Fractal Chaos Channel" or your ideas. Write me a message and we will discuss the details and conditions.
Penunjuk Pine Script®
oleh consilus
9
PriceCatch BOSS IOHi TradingView Community. I am publishing a script that uses a proprietary logic based on Fibonacci retracement for identifying breakouts. This is a script that focuses on long side trades only. PriceCatch BOSS IO: - PriceCatch Breakout Screener Script (Invite Only). This script is not an indicator that plots anything on the chart but is a Screener. SLIPPED OPPORTUNITIES One of the problems faced by traders is that while they are watching or studying the chart of one stock or Forex pair, a super opportunity slips by them in another stock or another instrument and it is frustrating when that happens. With the PriceCatch BOSS IO script, you can now capture such moves made by other symbols whilst you are watching some other instrument. USP: The uniqueness of this script is that you can screen Nine of your favorite symbols for breakout opportunities simultaneously. Users can pick Nine symbols of their choice and specify a resolution in the Settings dialog screen that the script will use to find out any probable breakouts in those selected nine symbols continuously. The symbols could be from any exchange across the world and of any type - stocks, futures, commodities, Forex and Crypto. Simply put, if you can plot the symbol in TradingView, PriceCatch BOSS can monitor that instrument for breakouts on the time interval chosen by you. ACTIONABLE INFORMATION: What traders look for and expect from their charts is actionable information. This script does that. It clearly tells you the Entry Price and Stop Loss price for each symbol when a breakout opportunity presents itself in that symbol. You can then open up the chart of that specific symbol to validate the given information with any other indicators that you use and then take the call with regards to a trade. You may also use this script alone without adding any other indicator to your chart. The choice is yours. CLARITY BEFORE TRADE: As both Entry Price and Stop Loss Price are identified by the script, you receive advance information about the risk and can set your own Reward based on your personal preferences. So, with the necessary information provided to you in advance, you can plan your trades with clarity. HOW IT WORKS: Once the list of symbols are selected and resolution chosen, the script then continuously monitors those given symbols for breakout opportunities. At the close of every interval, it presents the results as shown below: Results Set This script shows the results of the screening in a Table as under: SYMBOL Entry Price Stop Price TSLA 830.84 802.88 EURUSD 1.13425 1.13160 Similarly for seven more instruments chosen by you. NOTE: 0.00 under Entry and Stop price columns mean that there is no opportunity in that symbol. ADVANTAGE: The advantage of this script is that it helps you spot trades in your favorite symbols without manually loading their charts. With the ability to screen the symbols from Intraday time frames to higher time frames such as Weekly, you will be able to spot opportunities to go long in intraday, swing and even positional trades of longer duration. Another significant advantage of this script is that while you may be watching a symbol in, say 15 minutes time frame, you can set the script to monitor breakouts in any other higher time frame starting from 15 minutes. This, in effect, gives you unsurpassed advantage. DISCIPLINE: As you choose your nine instruments/assets, the script indirectly inculcates discipline as your attention will be only on the selected instruments and you will not be distracted or search for opportunities in a whole bunch of other symbols / assets / instruments. As you can at any time change the set of nine assets as per your personal preference, you get the flexibility that you seek to work with a different set of symbols. For Forex traders who like to monitor only Major Pairs the ability to scan Nine pairs is quite sufficient. Similarly, to traders who trade S&P500, ES1! and other instruments, the nine symbols flexibility is adequate. LONG POSITION TOOL For visual cues, you may use the Long Position tool to set the Entry, Stop and Targets as per your preference on the main chart. TRICK: Can I only screen nine instruments? What if I am interested to screen more? Actually, you can screen more instruments. You see, you can add this script on to your chart multiple times and can select a set of nine unique stocks per script instance. That way you can actually screen more than nine stocks! EXAMPLES: Nifty 50 TSLA Maruti USDJPY MSFT UI The script allows you to fine tune display options as per your personal preferences. NOTE: This script runs in a separate pane without obstructing the view of your main chart. NOTE: The formatting of price is based on mintick. As a result, since Forex and Crypto have more number of digits after the Decimal, if your screener list consists of a mix of stocks, Forex and Crypto - please change to a Forex chart to get the correct Forex price and to Crypto for correct Crypto price and so on. NOTE: You will not get accurate results if you are in a higher time frame chart and the Screener resolution is set to lower time frame. For example, if chart is in 15 MTF and Screener resolution is set to 3 MTF, the results may not be accurate. TIP: If you have added this script multiple times to your chart, then you may have to maximize the pane to view the results table. NOTE - PRIOR TO USING THIS SCRIPT: Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are convinced it works for you. Remember, you are 100% responsible for your actions and must, therefore, do your due diligence before using this script and also before every trade. Profits and losses are part and parcel of trading activity and you are solely responsible for both. If you understand and accept that, you may use the script. QUERIES/FEEDBACK Please PM me. Hope you find this script useful. Wish everyone all the best with trading.
Penunjuk Pine Script®
oleh PriceCatch
7
Trend StrengthA NRTH_ Technical Indicator Study Comes included with the Essentials or Premium Package. Indicator features MTF Capability Custom Candle Colors Identify Trend Direction and Strength Usage Tips Works on all timeframes and markets, recommended use with bar colors on. Backgrounds = Confirmed Trend Oscillator Colors; Bright Green/Red = Strong Trend Black/White = Weak Trend / Pullback (NOTE: Using MTF Candles does cause Repainting until higher timeframe candle closes) ------------------------------------------- Disclaimer Copyright NRTH_ Indicators 2021. ​‍NRTH_ and all affiliated parties are not registered as financial advisors. The products & services NRTH_ offers are for educational purposes only and should not be construed as financial advice. You must be aware of the risks and be willing to bear any level of risk to invest in financial markets. Past performance is not necessarily indicative of future results. NRTH_ and all individuals associated assume no responsibility for your trading results or investments. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Penunjuk Pine Script®
oleh NRTH_Indicators
Heikin Ashi Candle RecolorA NRTH_ Technical Indicator Study Comes included with the Premium Package. Indicator features MTF Capability Custom Candle Colors Use standard candles while following the Heikin Ashi Trend Usage Tips Works on all timeframes and markets, you can view the HA Candle color for the same of your chart or for higher timeframes. (NOTE: Using MTF Candles does cause Repainting until higher timeframe candle closes) ------------------------------------------- Disclaimer Copyright NRTH_ Indicators 2021. ​‍NRTH_ and all affiliated parties are not registered as financial advisors. The products & services NRTH_ offers are for educational purposes only and should not be construed as financial advice. You must be aware of the risks and be willing to bear any level of risk to invest in financial markets. Past performance is not necessarily indicative of future results. NRTH_ and all individuals associated assume no responsibility for your trading results or investments. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Penunjuk Pine Script®
oleh NRTH_Indicators
Order Block FinderAfter finding a huge amount of use from TV user's wugamlo script Order Block Finder (Experimental) , I decided to make some much needed upgrades! Added support for plotting the last X number of Order Blocks and am currently working on a multi-timeframe version. If you'd like to contribute to the MTF analysis portion, that would benefit tons of other scripts and open the possibility to more "MTF Panel" style indicators. Please visit the original script page (link at top) to review how the indicator is used in trading.
Penunjuk Pine Script®
oleh DasanC
30
Smartgrow Trading - Visual Series - CryptoballWelcome to our Tradingview buy signal indicator with visual support. We develop signals which have been specially developed for crypto trading bots. We will publish new indicators at regular intervals. At the moment our all-in-one indicator includes the following indicators: - "Crypto Bot Signal 01 - Optimized RSI Momentum" - "Trading Bot Buy Signal 02 - MTF Stochastic" - "Trading Bot Buy Signal 03 - MTF StochRSI" - "Smartgrow Trading - Bearish Power Signals" The basic idea of this all-in-one indicator is to decrease the needed number of alarms and to provide an all-in-one script for our users trading long direction only. We only include indicators which are relatively robust against false breakouts, even if these can of course never be avoided. These signals alone occur relatively rare, but you can set an alarm up on different pairs simultaneously. The strategy can only be used in 5 min chart and in crypto pairs. It wasnt tested in Forex etc. but feel free to test it. The main idea behind the signals is to identify strong oversold areas as these have great potential to move in the other direction again. To determine this, we use custom oversold indicators to create buy signals. You could automate these buy signals but we suggest to use these instructions instead: If an alarm is triggered it is showing points with a strong reversal chance for long signals. We recommend watching the chart closely and finding a good entry point. For visual support, we have visualized the basic trend in color on the one hand. If the 5 minute trend line is above the 1 hour trend line , then there is an upward trend which is marked with a corresponding note. If the 5 minute trend line is below the 1 hour trendline, then there is a downward trend. If you only want to look at the trend line of the 5 minute chart, deactivate the 1 hour trendline in the settings. When the 5 period Exponential Moving Average is higher then the 90 period Exponential Moving Average then the area between them is colored in green, otherwise in red. The same is the case when the 5 period Exponential Moving Average is higher then the 1 hour trendline. As a second visual support, we have marked volatile zones in the market with the colors black and white. The color black generally denotes a market with low volatility and entry into these areas is therefore not recommended or involves risks. To show potential entry points based on market momentum we added note signs showing either buy or sell spots based on crossovers. If a crossover is within an area of low volatility we marked it as risk buy. if a crossover is within an area of higher volatility we marked it as a strong buy. To find a good point to exit a trade we added also note signs showing possible sell spots. When these occure an crossover in momentum has allready occured and a potential trend reserval may occur. You could also use this indicator in combination with oversold indicators like RSI or Stochastic to see potential reversal spots when a market is oversold. As a last helper we implemented the Cryptoball on the right side of the chart to vizualize the currently price movement. Therefore it is looking only a few candles back to show you the smoothed price direction. When the color of the indicator is switching from green to red it is a sign that a smaller price drop may occure amd indicates a possible sell. We sell this indicator so it is invite only. But of cause you can test the single indicators before buying. If there are questions, write them into the comments or contact us directly over the direct message. Happy Trading!
Penunjuk Pine Script®
oleh Smartgrow-Trading
2
NVME Blackfire XNVME Blackfire X Indicator is a trend-confirmation indicator that includes Buy and Sell signals on the chart, Support & Resistance lines, Automatic Trendlines, Session Highs and Lows, Previous MTF Candle's Highs and Lows, Strategy Mode with Working Win/Loss Calculator, Built-In Position Size Calculator, Institutional Zones, Re-Entry Points and Filters, Customisable Market Dashboard and Alerts for Many Features. The 2 main settings for the algorithm are 'Sensitivity' and 'Agility'. When you place Blackfire X onto your charts, you should be met automatically with the best settings we've found so far and don't worry if you are struggling to find settings because our system has an onboard system that provides you with an automatic "Best Settings" for the current pair that you are on. You can choose to enable this feature on the algorithm settings or simply see what is ideal on the dashboard too. The 'Sensitivity' controls how quickly the algorithm responds to the market's trend changes. The higher the sensitivity, the less trades on the chart. The lower the sensitivity, the more trades you'll find on the chart. The 'Agility' controls where the signals are placed within the trend change, a lower agility will give you signals closer to its reversal points and a higher agility will give you slower signals. We also have the option to change the indicator to your trading style, there are four modes that heavily impacts the algorithm's calculations. These are "default", "swing mode", "scalp mode", "strategy mode". "Default" is our normal algorithm module that utilises the user's input to provide signals using a basic filtration system. "Swing Mode" is our algorithm that has been modified to give signals that are more delayed for swing traders. "Scalp Mode" is our algorithm that has been modified to give signals that are quick and fast for scalps. "Strategy Mode" utilises our default mode but instead places the user in a mode where trades will only appear if a stop loss or a take profit area has been met by the price after the signal call. Our third key option is our bar colour switches, there are multiple options such as "Cloud-Based", "Pivot Based", "S/R Based", "Change-Based" and "Two Colour Modes". NVME Blackfire X colours the candles in the direction of the trend and a green colour shows an uptrend, a purple colour shows an unconfirmed trend or often a ranging area and a red colour shows a downtrend. We must let traders know that the signals should be used carefully and with a trader's strategy rather than following signals for the sake of it being printed there! Since we want this algorithm to have necessary features and respond fast too, we have chosen only trend-following and analysis features that will be quick to use and easy to understand. We want this to be different from our Vanquisher X algorithm as that is a massive multi-tool full of features for traders to enjoy. The first main feature is our 'Trend Cloud' system, it utilises two moving average plots that creates a cloud filling and with our algorithm you can customise both of the moving averages to any currently existing moving average in the PineScript Library. The second feature is our 'Institutional Zones' system, which plots area of the market where the institutions have placed orders and these can be used as an extra support and resistance zone for trades. There is an input option that allows the user to get more or less zones and it is called "The Detection Strength", increasing this will show more zones whilst decreasing it will show less. The third feature is our 'Automatic Trendlines' system, which utilises two input methods ('Trendline Period' and 'Trendline Detection Ratio'), the period controls how many bars of data to lookback to for the trend-lines and the detection ratio controls how many trend-lines are plotted onto the chart. The fourth feature is our 'Session High and Lows' system, which plots the highest high and the lowest low of each session in the trading hours, these plots can be useful for breakout traders. The fifth feature is our 'MTF Candle Info' system, which plots the candle's high and low or the candle's open and close for a timeframe and the previous candle of choice. This can also be used for breakout traders such as having a lower timeframe breakout for a higher timeframe plot. The sixth feature is our 'Adaptive S/R Zones', which plots support and resistance zones into any market pair that are accurate points at which the market could react and reject from. * Informative Market Dashboard * Our simple panel on your chart displays the most relevant data from all of our features and calculations in real-time. Confirmation The confirmation simply tells the user what the previous signal was and this can be useful if the user may decide to have their signals turned off on the charts. Market State The market state informs the user the direction of the trend whether it be ranging, in an uptrend or downtrend, you'll see the emoji that corresponds to that. Recommended Sensitivity This feature will show the user what the recommended sensitivity is for the current pair that the user is on and the user may find this helpful if they don't know what settings to use. Recommended Agility This feature will show the user what the recommended agility is for the current pair that the user is on and the user may find this helpful if they don't know what settings to use. Trend Control The trend control feature calculates data using the user set bars back input and it determines all the factors within the trend to give you an informative response, an uptrend will have "Bulls by: " + percentage of control and a downtrend will have "Bears by" + percentage of control. Pair Strength The pair strength is measures the control of bulls or bears in the form of the market strength and it will give the same response as the trend control but the percentage will be based on the buying or selling pressure. Pair's Change The pairs change measures the change in price from point A to point B, if the change is greater than 0%, the dashboard will inform you that Bulls are in control, and if not the dashboard will inform you that Bears are in control. Market Money The market money measures the amount of volume and money that is going into the current asset and if the net change is greater than 0%, bulls will be in control, if not then bears are giving the market their money. NVME Oscillator X This is our very own oscillator that has been integrated into our dashboard, allowing the user to see the trend of our other indicator without having to fill their charts up with more noise. If the oscillator is in a downtrend then the dashboard will state that its in a downtrend and if it is in an uptrend then it will show an uptrend text. Volatility This feature measures the amount of volatility in any pair and provides user with the percentage value so they can see whether or not the market is extremely volatile at the current time. Current Session This feature will tell the user what session they are currently on such as London, Europe, New York, Asia, Australia.
Penunjuk Pine Script®
oleh AW03x
6
Technical Ratings█  OVERVIEW This indicator calculates TradingView's well-known "Strong Buy", "Buy", "Neutral", "Sell" or "Strong Sell" states using the aggregate biases of 26 different technical indicators. █  FEATURES Differences with the built-in version  • You can adjust the weight of the Oscillators and MAs components of the rating here.  • The built-in version produces values matching the states displayed in the "Technicals" ratings gauge; this one does not always, where weighting is used.  • A strategy version is also available as a built-in; this script is an indicator—not a strategy.  • This indicator will show a slightly different vertical scale, as it does not use a fixed scale like the built-in.  • This version allows control over repainting of the signal when you do not use a higher timeframe. Higher timeframe (HTF) information from this version does not repaint.  • You can configure markers on signal breaches of configurable levels, or on advances declines of the signal. The indicator's settings allow you to:  • Choose the timeframe you want calculations to be made on.  • When not using a HTF, you can select a repainting or non-repainting signal.  • When using both MAs and Oscillators groups to calculate the rating, you can vary the weight of each group in the calculation. The default is 50/50.   Because the MAs group uses longer periods for some of its components, its value is not as jumpy as the Oscillators value.   Increasing the weight of the MAs group will thus have a calming effect on the signal.  • Alerts can be created on the indicator using the conditions configured to control the display of markers. Display The calculated rating is displayed as columns, but you can change the style in the inputs. The color of the signal can be one of three colors: bull, bear, or neutral. You can choose from a few presets, or check one and edit its color. The color is determined from the rating's value. Between 0.1 and -0.1 it is in the neutral color. Above/below 0.1/-0.1 it will appear in the bull/bear color. The intensity of the bull/bear color is determined by cumulative advances/declines in the rating. It is capped to 5, so there are five intensities for each of the bull/bear colors. The "Strong Buy", "Buy", "Neutral", "Sell" or "Strong Sell" state of the last calculated value is displayed to the right of the last bar for each of the three groups: All, MAs and Oscillators. The first value always reflects your selection in the "Rating uses" field and is the one used to display the signal. A "Strong Buy" or "Strong Sell" state appears when the signal is above/below the 0.5/-0.5 level. A "Buy" or "Sell" state appears when the signal is above/below the 0.1/-0.1 level. The "Neutral" state appears when the signal is between 0.1 and -0.1 inclusively. Five levels are always displayed: 0.5 and 0.1 in the bull color, zero in the neutral color, and -0.1 and - 0.5 in the bull color. The levels that can be used to determine the breaches displaying long/short markers will only be visible when their respective long/short markers are turned on in the "Direction" input. The levels appear as a bright dotted line in bull/bear colors. You can control both levels separately through the "Longs Level" and "Shorts Level" inputs. If you specify a higher timeframe that is not greater than the chart's timeframe, an error message will appear and the indicator's background will turn red, as it doesn't make sense to use a lower timeframe than the chart's. Markers Markers are small triangles that appear at the bottom and top of the indicator's pane. The marker settings define the conditions that will trigger an alert when you configure an alert on the indicator. You can:  • Choose if you want long, short or both long and short markers.  • Determine the signal level and/or the number of cumulative advances/declines in the signal which must be reached for either a long or short marker to appear.   Reminder: the number of advances/declines is also what controls the brightness of the plotted signal.  • Decide if you want to restrict markers to ones that alternate between longs and shorts, if you are displaying both directions.   This helps to minimize the number of markers, e.g., only the first long marker will be displayed, and then no more long markers will appear until a short comes in, then a long, etc. Alerts When you create an alert from this indicator, that alert will trigger whenever your marker conditions are confirmed. Before creating your alert, configure the makers so they reflect the conditions you want your alert to trigger on. The script uses the alert() function, which entails that you select the "Any alert() function call" condition from the "Create Alert" dialog box when creating alerts on the script. The alert messages can be configured in the inputs. You can safely disregard the warning popup that appears when you create alerts from this script. Alerts will not repaint. Markers will appear, and thus alerts will trigger, at the opening of the bar following the confirmation of the marker condition. Markers will never disappear from the bar once they appear. Repainting This indicator uses a two-pronged approach to control repainting. The repainting of the displayed signal is controlled through the "Repainting" field in the script's inputs. This only applies when you have "Same as chart" selected in the "Timeframe" field, as higher timeframe data never repaints. Regardless of that setting, markers and thus alerts never repaint. When using the chart's timeframe, choosing a non-repainting signal makes the signal one  bar late, so that it only displays a value once the bar it was calculated has elapsed. When using a higher timeframe, new values are only displayed once the higher timeframe completes. Because the markers never repaint, their logic adapts to the repainting setting used for the signal. When the signal repaints, markers will only appear at the close of a realtime bar. When the signal does not repaint (or if you use a higher timeframe), alerts will appear at the beginning of the realtime bar, since they are calculated on values that already do not repaint. █  CALCULATIONS The indicator calculates the aggregate value of two groups of indicators: moving averages and oscillators. The "MAs" group is comprised of 15 different components:  • Six Simple Moving Averages of periods 10, 20, 30, 50, 100 and 200  • Six Exponential Moving Averages of the same periods  • A Hull Moving Average of period 9  • A Volume-weighed Moving Average of period 20  • Ichimoku‎ The "Oscillators" group includes 11 components:  • RSI  • Stochastic  • CCI  • ADX  • Awesome Oscillator  • Momentum  • MACD  • Stochastic RSI  • Wiliams %R  • Bull Bear Power  • Ultimate Oscillator The state of each group's components is evaluated to a +1/0/-1 value corresponding to its bull/neutral/bear bias. The resulting value for each of the two groups are then averaged to produce the overall value for the indicator, which oscillates between +1 and -1. The complete conditions used in the calculations are documented in the Help Center . █  NOTES Accuracy When comparing values to the other versions of the Rating, make sure you are comparing similar timeframes, as the "Technicals" gauge in the chart's right pane, for example, uses a 1D timeframe by default. For coders We use a handy characteristic of array.avg() which, contrary to avg() , does not return na when one  of the averaged values is na . It will average only the array elements which are not na . This is useful in the context where the functions used to calculate the bull/neutral/bear bias for each component used in the rating include special checks to return na whenever the dataset does not yet contain enough data to provide reliable values. This way, components gradually kick in the calculations as the script calculates on more and more historical data. We also use the new `group` and `tooltip` parameters to input() , as well as dynamic color generation of different transparencies from the bull/bear/neutral colors selected by the user. Our script was written using the PineCoders Coding Conventions for Pine . The description was formatted using the techniques explained in the How We Write and Format Script Descriptions PineCoders publication. Bits and pieces were lifted from the PineCoders' MTF Selection Framework . Look first. Then leap.
Penunjuk Pine Script®
oleh TradingView
48
(FireflyTA) Market Flow COG (Overlay)Market Flow COG (Overlay) Market Flow COG in the "Overlay" version offers you a variety of modules to do analysis on the market flow . I'm using my own definition of market flow since I'm actively doing scientific research on that topic and developing concepts and tools around it. This indicator is best used together with Market Flow COG (Oscillator) , which is also public. ---------------------- About Market Flow The market flow is a concept describing the directional force driving price movement that a market experiences based on term-specific (short-, mid- and long-term) momentum as well as dynamic range support and resistance. In a strong uptrend for example, market flow is upwards, so dynamic range S&R (i.e. Bollinger Bands) is flowing upwards, too. This is increasing the probability to see continuation after dips. In a shifting trend, it is possible to observe market flow still continuing upwards, because the the flow is only changing slowly. Momentum takes a while to run out and exert pressure into the other direction. This phenomenon can be observed on all timeframes in high-volume markets, even more so on the higher timeframes. Given the complex nature of market flow , there is still a lack of tools available to properly examine it and to derive appropriate trading decisions. ---------------------- About Market Flow COG This indicator allows you to look at various different aspects to market flow . Additional ones might be added in future updates. In this first release, the following are included. Browse the update notes below for further modules added later. Center of Gravity (COG) Deviation Bands Trend EMAs ---------------------- About "Center of Gravity" The COG is an entity that is pulling price back to it frequently (this is why it is called Center of Gravity) as the law of mean reversion dictates. Mean reversion can be loosely broken up into mean reversion on multiple timeframes, and the COGs are included for ULT (ultra low, 15-60m), L (low, 1h-4h), M (medium, 6h-12H) and H (higher, 1D+) timeframes. As this entity is a new development in TA there is still a lack of scientific evidence that it is reliable. However, if you look at the charts, you will notice that price action will respect this entity and circle around it on the appropriate timeframes most of the time. The COG is similar to a Bollinger Band, it is using volatility as its main component. However, COGs are aggregated entities looking at more timeframes at the same time, so besides the Time X Volatility perspective that is provided by Bollinger Bands, this entity adds a third dimension by looking at multiple timeframes. The COG is the mean of all the BBs that are included in the calculation, which can be a large number. This makes a COG a meta-analytic entity that is more sensitive to market price action. The COG helps you in identifying how far and for how long price has been overextended to one side beyond the means. In theory, the probabilities increase dramatically to see a mean reversion to the COG. Watching price interacting with the COG should make clear that the correlations are significant, however there might be differences based on the markets used. The COGs have primarily been tested with the BTCUSD market and for crypto in general. A way to trade based on COGs is to look for weakness (if price is above the COG) or strength (if price is below the COG) in price action while it is approaching S&R. If signs of accumulation or distribution arise, and the distance to the COG is meaningful (as well as being maintained for a few candles), it can provide additional backing for your long/short scalping and swing trading ideas. I'd recommend to always use the COG in combination with your knowledge on price action. By using all COGs at the same time for ULTF, LTF, MTF and HTF you can get a feeling for where price is in the context overall market flow . ---------------------- Deviation Bands The Deviation Bands are fib-based deviations of the COG that is chosen with the 'mode' setting (i.e. LTF). When this module is enabled, the deviation bands are plotted around the COG of that timeframe mode. The deviations can be adjusted manually as well by changing the values in the indicator UI. The main purpose of these bands is to identify the structure of price movements in relation to the COG distance, i.e. analyzing how long price can maintain levels in an area >X or <Y away from the COG. ---------------------- Trend EMAs The Trend EMA module allows you to plot ULTF, LTF, MTF and HTF trend EMA entities which are colored as follows in the release version (for changes, have a look at the update notes): Teal: Price is in a strong uptrend Green: Price is in an uptrend White: Price is in a sideways phase Orange: Price is in a downtrend Red: Price is in a strong downtrend Watching the Trend EMAs can help in order to identify shifting markets (in which price tends to switch sides with the COGs as well). Trend is also a core component of market flow and should be taken into account when interpreting price action. ---------------------- How to Use You can find in-depth tutorials on how to use this indicator by browsing the links and resources in my signature.
Penunjuk Pine Script®
oleh FireflyTA
MetaTrend - Alpha TestingMetaTrend is not your ordinary trend following system, it can act as a reversal system as well but not only that give powerful re-entries on prevailing trends. MetaTrend has been crafted with only the best and most advanced mathematical indicators, providing you true power at just a few clicks away. We use a series of advanced adaptive moving averages to formulate the moving average you see. Blue = Bullish Red = Bearish We have designed the entries to be based off multiple functions mostly relaying on volatility analysis to provide in depth highly accurate direction biases of the market. On a Bullish Entry the system will plot a green label that says buy and vice versa for a bearish entry. SL/TP system will be added onto the Beta release, this Alpha release is purely for internal testing purposes, this helps me collab with my team to further progress this and release the full version sooner. There is a password attached into the script to limit access to just a select group of people. If you'd like to be apart of the Alpha Testing team please reach out You will notice that there are background plots that happen, this is to show the areas of low volatility. Why is this important? well after times of low volatility there is a high degree of probability that times of high volatility will occur. This typically looks like a consolidation area before a big expansion This is a MTF system, we are still advancing and updating the MTF feature to provide better more accurate data to increase the win rates of the system. images attached are to showcase some of the more recent happenings in the market across different time frames s3.tradingview.com s3.tradingview.com s3.tradingview.com s3.tradingview.com
Penunjuk Pine Script®
oleh MMCFX
5
[Zekis]Squeeze Momentum + IchimokuHi, This is a strategy developed by @zsone, a strategy suitable mostly for altcoins (but not necessary). The strategy is using the following indicators: Squeeze Momentum (LazyBear), two Ichimoku Clouds (one is MTF), daily EMA21 and EMA golden cross (optionally). Setting should be used as default. Rules for entries (scalping): Go Long (green line on the histogram): - use low time frames (3m, 5m, 15m) - candle closes above the ichimoku cloud - squeeze momentum, first grey cross on green histogram (2 ways): 1. histogram is green and have a black cross and later it turns to grey cross 2. the histogram is red with grey cross and it goes to green with grey cross without having a black cross, just directly goes green histogram with grey cross - price is above the daily EMA21 - price is above or inside de ichimoku cloud MTF (1h TF) - optionally! EMA golden/death cross Go Short (red line on the histogram): - vice versa Rules for exits: - DI+ crosses down on DI- on longs - DI- crosses up on DI+ on shorts - or any fixed, dynamic, trailing... TP/SL (according to the market conditions) This strategy can be used also for high time frames (12h, 1D) with a golden/death cross confirmation. Soon I will publish a screener that scan multiple altcoins at once to find setups easier. P.S.1 The strategy should be used with it's default settings/values (you can change them if you want), but there are 2 versions of Squeeze Momentum from Lazy Bear that you can choose from. P.S.2 This is not a magic strategy, please do your research before using real money! P.S.3 The strategy is free to use, just add it to the favorites and then to the chart. Enjoy!
Penunjuk Pine Script®
oleh edward_Z
1