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Scatter PlotThe Price Volume Scatter Plot publication aims to provide intrabar detail as a Scatter Plot . 🔶 USAGE A dot is drawn at every intrabar close price and its corresponding volume , as can seen in the following example: Price is placed against the white y-axis, where volume is represented on the orange x-axis. 🔹 More detail A Scatter Plot can be beneficial because it shows more detail compared with a Volume Profile (seen at the right of the Scatter Plot). The Scatter Plot is accompanied by a "Line of Best Fit" (linear regression line) to help identify the underlying direction, which can be helpful in interpretation/evaluation. It can be set as a screener by putting multiple layouts together. 🔹 Easier Interpretation Instead of analysing the 1-minute chart together with volume, this can be visualised in the Scatter Plot, giving a straightforward and easy-to-interpret image of intrabar volume per price level. One of the scatter plot's advantages is that volumes at the same price level are added to each other. A dot on the scatter plot represents the cumulated amount of volume at that particular price level, regardless of whether the price closed one or more times at that price level. Depending on the setting "Direction" , which sets the direction of the Volume-axis, users can hoover to see the corresponding price/volume. 🔹 Highest Intrabar Volume Values Users can display up to 5 last maximum intrabar volume values, together with the intrabar timeframe (Res) 🔹 Practical Examples When we divide the recent bar into three parts, the following can be noticed: Price spends most of its time in the upper part, with relative medium-low volume, since the intrabar close prices are mostly situated in the upper left quadrant. Price spends a shorter time in the middle part, with relative medium-low volume. Price moved rarely below 61800 (the lowest part), but it was associated with high volume. None of the intrabar close prices reached the lowest area, and the price bounced back. In the following example, the latest weekly candle shows a rejection of the 45.8 - 48.5K area, with the highest volume at the 45.8K level. The next three successive candles show a declining maximum intrabar volume, after which the price broke through the 45.8K area. 🔹 Visual Options There are many visual options available. 🔹 Change Direction The Scatter Plot can be set in 4 different directions. 🔶 NOTES 🔹 Notes The script uses the maximum available resources to draw the price/volume dots, which are 500 boxes and 500 labels. When the population size exceeds 1000, a warning is provided ( Not all data is shown ); otherwise, only the population size is displayed. The Scatter Plot ideally needs a chart which contains at least 100 bars. When it contains less, a warning will be shown: bars < 100, not all data is shown 🔹 LTF Settings When 'Auto' is enabled ( Settings , LTF ), the LTF will be the nearest possible x times smaller TF than the current TF. When 'Premium' is disabled, the minimum TF will always be 1 minute to ensure TradingView plans lower than Premium don't get an error. Examples with current Daily TF (when Premium is enabled): 500 : 3 minute LTF 1500 (default): 1 minute LTF 5000: 30 seconds LTF (1 minute if Premium is disabled) 🔶 SETTINGS Direction: Direction of Volume-axis; Left, Right, Up or Down 🔹 LTF LTF: LTF setting Auto + multiple: Adjusts the initial set LTF Premium: Enable when your TradingView plan is Premium or higher 🔹 Character Character: Style of Price/Volume dot Fade: Increasing this number fades dots at lower price/volume Color 🔹 Linear Regression Toggle (enable/disable), color, linestyle Center Cross: Toggle, color 🔹 Background Color Fade: Increasing this number fades the background color near lower values Volume: Background color that intensifies as the volume value on the volume-axis increases Price: Background color that intensifies as the price value on the price-axis increases 🔹 Labels Size: Size of price/volume labels Volume: Color for volume labels/axis Price: Color for price labels/axis Display Population Size: Show the population size + warning if it exceeds 1000 🔹 Dashboard Location: Location of dashboard Size: Text size Display LTF: Display the intrabar Lower Timeframe used Highest IB volume: Display up to 5 previous highest Intrabar Volume values
Penunjuk Pine Script®
oleh fikira
20
CANSLIM Screener [TrendX_]INTRODUCTION: The CANSLIM investment strategy, developed by William J. O'Neil, is a powerful tool for identifying growth stocks that have the potential to outperform the market. TrendX has enhanced this approach with its unique indicators, making it easier for investors to assess stocks based on seven critical criteria. ➊ C: Current Quarterly EPS or PE with Growth Benchmark The first criterion focuses on the Earnings Per Share (EPS) growth in the most recent quarter compared to previous quarters. A company should demonstrate significant EPS growth, ideally exceeding expectations and benchmarks within its industry. ➋ A: Average Annual EPS Growth with Growth Benchmark This aspect evaluates a company's average annual EPS growth over the last three years. A consistent upward trend suggests that the company is effectively increasing its profitability. TrendX provides a customizable benchmark to help investors identify firms with sustainable growth trajectories. ➌ N: New Highs or New Product Development TrendX interprets this criterion through an Annual Research & Development to Revenue Ratio (RNDR). A decreasing RNDR ratio may indicate that a company is finishing new products, which could lead to reduced revenue if product launches are unsuccessful. ➍ S: Supply and Demand This component assesses supply and demand dynamics by analyzing the movement of Float Shares Outstanding. A decrease in float shares typically indicates higher demand for the stock, suggesting that the company is in good shape for future growth. ➎ L: Leader TrendX employs comparative analysis between the Relative Strength Index (RSI) of a company and that of the overall market. If a company's RSI is higher than the market's, it signifies that the stock is leading rather than lagging. ➏ I: Institutional Sponsorship Institutional sponsorship is gauged through the total dividends paid by a company. High dividend payouts can signal strong institutional interest, support and confidence in the company's future prospects. ➐ M: Market Direction TrendX evaluates market direction by comparing a company's RSI against its Moving Average of RSI, along with utilizing Market Structure in Smart Money Concept indicator for alternative trend insights. HOW TO USE The TrendX CANSLIM indicator provides an evaluation score based on each of the seven criteria outlined above, which displays in a table containing: Scoring System: Each letter in CANSLIM contributes to a total score out of 100%. A stock does not need to meet all seven criteria; achieving a score above 70% (5 out of 7) is generally considered indicative of a promising growth stock. Screening Feature: The tool includes a screening feature that evaluates multiple stocks simultaneously, allowing investors to compare their CANSLIM scores efficiently. This feature streamlines identifying potential investment opportunities across various sectors. DISCLAIMER This indicator is not financial advice, it can only help traders make better decisions. There are many factors and uncertainties that can affect the outcome of any endeavor, and no one can guarantee or predict with certainty what will occur. Therefore, one should always exercise caution and judgment when making decisions based on past performance.
Penunjuk Pine Script®
oleh TrendX_
6
Raj - Mark Minervini Stage 2 with RSTitle: Mark Minervini Stage 2 Screener with Custom RS Description: This script is designed to identify stocks that meet the criteria for Mark Minervini's Stage 2 trend setup, incorporating custom relative strength (RS) ranking. Key Features: Moving Averages: Tracks the 50-day, 150-day, and 200-day Simple Moving Averages (SMA) to identify trend alignment. Price Conditions: Ensures the stock price is above key moving averages, is within 25% of its 52-week high, and is at least 25% above its 52-week low. Custom Relative Strength (RS): Compares the stock's performance against a benchmark (e.g., S&P 500) to ensure it has a strong relative strength. The RS is normalized on a 0-100 scale, and only stocks with an RS above 70 are highlighted. Visual Indicators: The script plots moving averages on the chart and labels points where all conditions for the Stage 2 setup are met. Usage: Apply this script to your charts to find stocks that are in a strong uptrend and meet Mark Minervini's Stage 2 criteria. Customize the benchmark symbol for the RS calculation to fit your market or preference
Penunjuk Pine Script®
oleh eeeraj251
Multi Asset Histogram [ChartPrime]Multi Asset Histogram Indicator Overview: The "Multi Asset Histogram" indicator provides a comprehensive visualization of the performance of multiple assets relative to each other. By calculating a score for each asset and displaying it in a histogram format, this indicator helps traders quickly identify the trends, dominant asset and the average performance of the assets in the selected group. Key Features: ◆ Multi-Asset Score Calculation: The indicator calculates a trend score for each selected asset based on the price source (e.g., hl2). The trend score is determined by comparing the current price to the prices over the past bars back defined by user, adding or subtracting points based on whether the current price is higher or lower than previous prices. // Score Function trscore(src) => total = 0.0 for i = 1 to 50 total += (src >= nz(src ) ? 1 : -1) total ◆ Flexible Symbol Input: Traders can input up to 10 different symbols (e.g., BTCUSD, ETHUSD, etc.) to be included in the histogram analysis. ◆ Dynamic Visualization: A histogram is plotted for each asset, with bars colored based on the score, providing a clear visual representation of the relative performance. Color gradients from red to aqua indicate the performance, with red representing negative scores and aqua representing positive scores. ◆ Adaptive Histogram Lines: The width and placement of histogram lines adapt based on the calculated scores, ensuring clear visualization regardless of the values. Dashed lines represent the mean score of all assets, helping traders identify the overall market trend. ◆Detailed Labels and Values: Labels are placed on the histogram to display the exact score for each asset. Mean value and zero line labels provide additional context for the overall performance. ◆ Visual Scaling Lines: Zero line and mean line are clearly marked, helping traders understand the distribution and scale of scores. Scales on the left and right of the histogram indicate the performance range. ◆ Informative Table: A table is displayed on the chart, showing the dominant asset (the one with the highest score) and the mean score of all assets. The table updates dynamically to reflect real-time changes in asset performance. ◆ Settings: Length: The value of number bars back is greater or less than the current value of the source Source: The price source to be used for score calculation (e.g., hl2). Symbols: Up to 10 different asset symbols can be input for analysis. Usage Notes: This indicator is useful for traders who monitor multiple assets simultaneously and need a quick visual reference to identify the strongest and weakest performers. The color coding and dynamic labels make it easy to interpret the relative performance and make informed trading decisions. This indicator is designed to enhance multi-asset analysis by providing a clear, visual representation of each asset's performance relative to the others, making it easier to identify trends and dominant assets in the market.
Penunjuk Pine Script®
oleh ChartPrime
1
Consolidation Score ScreenerIn trading, a consolidation range is like a timeout after a big move in the price of a stock or symbol. It's when the market takes a breather, neither pushing the price up nor down too hard. Visually, it looks like the price moving sideways on a chart , with highs and lows staying within a certain range. so this indicator is created to help myself and you decide if its a ranging market and what's the score of that consolidation range The score ranges between 0 and 10 , where 10 is the max consolidation score , meaning this stock or the symbol is at its highest peak of consolidation . What would you see using this indicator ? Symbols circles , inside these circles it will print the consolidation score .. in the middle of the indicator it will show the range of all the 20 symbols scores . so it will give you like overall ranging value for your 20 symbols Settings : TimeFrame : TimeFrame input to select which time frame you want your indicator to analysis Range length : The Range that you would want your indicator to take into consideration when doing its analysis . Features : 20 symbols analysis Multi timeframe capability Enjoy .
Penunjuk Pine Script®
oleh TZack88
1
Scoopy StacksWaffle Around Multiple (Open, High, Low, Close) Stacks On Pre/Post Market & (Daily, Weekly, Monthly, Yearly) Sessions With Meticulous Columns, Rows, Tooltips, Colors, Custom Ideas, and Alerts. Sessions Use Two Step Incremental Values Default Value: (1) Shows Two Previous (O, H, L, C); Increasing Value Swaps Sessions With Next Two Stacks. ⬛️ KEY WORDS: 🟢 Crossover | 🔴 Crossunder 📗 High | 📕 Low 📔 Open | 📓 Close 🥇 First Idea | 🥈 Second Idea 🥉 Third Idea | 🎖️ Fourth Idea 🟥 ALERTS: Default Option: (Per Bar) Alerts Once Conditions Are Met (Bar Close) Alerts When Bar Closes Default Option: (Reg) Alerts During Regular Market Trading Hours, (0930-1600) (Ext) Alerts During Extended Market Hours, (1600-0930) (24/7) Alerts All Day Optional Preferences: Regular Alerts - Stocks Extended Alerts - Futures 24/7 Alerts - Crypto 🟧 STACKS: Default Value: (1) Incremental Stack Value, Increasing Value Swaps Sessions With the Next Two Stacks (✓) Swap Stacks? Pre/Post Market High/Lows, 1-2 Day High/Lows, 1-2 Week High/Lows, 1-2 Month High/Lows, 1-2 Year High/Lows ( ) Swap Stacks? Pre/Post Market Open/Close, 1-2 Day Open/Close, 1-2 Week Open/Close, 1-2 Month Open/Close, 1-2 Year Open/Close 🟨 EXAMPLES: Default Stack: 🟢 | 📗 Pre Market High (PRE) | 4600.00 🔴 | 📕 Post Market Low (POST) | 420.00 Optional: (Open) 🟢 | 📔 Post Market Open (POST) | 4400.00 Optional: (Close) 🔴 | 📓 Pre Market Close (PRE) | 430.00 Default Stack Value: (1) 🔴 | 📗 1 Day High (1DH) | 460.00 Next Stack Value: (3) 🟢 | 📕 4 Day Low (4DL) | 420.00 Optional: (Open) 🔴 | 📔 2 Day Open (2DO) | 440.00 Optional: (Close) 🟢 | 📓 3 Day Close (3DC) | 430.00 Default Stack Value: (5) 🟢 | 📗 5 Week High (5WH) | 460.00 Next Stack Value: (7) 🔴 | 📕 8 Week Low (8WL) | 420.00 Optional: (Open) 🔴 | 📔 7 Week Open (7WO) | 4400.00 Optional: (Close) 🟢 | 📓 6 Week Close (6WC) | 430.00 Default Stack Value: (9) 🔴 | 📗 9 Month High (9MH) | 460.00 Next Stack Value: (11) 🟢 | 📕 12 Month Low (12ML) | 420.00 Optional: (Open) 🟢 | 📔 11 Month Open (11MO) | 4400.00 Optional: (Close) 🔴 | 📓 10 Month Close (10MC) | 430.00 Default Stack Value: (13) 🟢 | 📗 13 Year High (13YH) | 460.00 Next Stack Value: (15) 🟢 | 📕 16 Year Low (16YL) | 420.00 Optional: (Open) 🔴 | 📔 15 Year Open (15YO) | 4400.00 Optional: (Close) 🔴 | 📓 14 Year Close (14YC) | 430.00 🟩 TABLES: Default Value: (1) Moves Table Up, Down, Left, or Right Based on Second Default Value First Default Value: (Top Right) Sets Table Placement, Middle Center Allows Table To Move In All Directions Second Default Value: (Default) Fixed Table Position, Switching Values Moves Direction of the Table 🟦 IDEAS: (✓) Show Ideas? Shows Four Ideas With Custom Texts and Values; Ideas Are Based Around Post-It Note Reminders with Alerts Suggestions For Text Ideas: Take Profit, Stop Loss, Trim, Hold, Long, Short, Bounce Spot, Retest, Chop, Support, Resistance, Buy, Sell 🟪 EXAMPLES: Default Value: (5) Shows the Custom Table Value For Sorted Table Positions and Alerts Default Text: (🥇) Shown On First Table Cell and Message Appearing On Alerts Alert Shows: 🟢 | 🥇 | 5.00 Default Value: (10) Shows the Custom Table Value For Sorted Table Positions and Alerts Default Text: (🥈) Shown On Second Table Cell and Message Appearing On Alerts Alert Shows: 🔴 | 🥈 | 10.00 Default Value: (50) Shows the Custom Table Value For Sorted Table Positions and Alerts Default Text: (🥉) Shown On Third Table Cell and Message Appearing On Alerts Alert Shows: 🟢 | 🥉 | 50.00 Default Value: (100) Shows the Custom Table Value For Sorted Table Positions and Alerts Default Text: (🎖️) Shown On Fourth Table Cell and Message Appearing On Alerts Alert Shows: 🔴 | 🎖️ | 100.00 ⬛️ REFERENCES: Pre-market Highs & Lows on regular trading hours (RTH) chart By Twingall Previous Day Week Highs & Lows By Sbtnc Screener for 40+ instruments By QuantNomad Daily Weekly Monthly Yearly Opens By Meliksah55
Penunjuk Pine Script®
oleh Scvvby
Ribbit RangesBounce Around Multiple (Open, High, Low, Close) Ranges On Pre/Post Market & (Daily, Weekly, Monthly, Yearly) Sessions With Meticulous Lines, Labels, Tooltips, Colors, Custom Ideas, and Alerts. Sessions Use Two Step Incremental Values Default Value: (1) Shows Two Previous (O, H, L, C); Increasing Value Swaps Sessions With Next Two Ranges. ⬛️ KEY WORDS: 🟢 Crossover | 🔴 Crossunder 📗 High | 📕 Low 📔 Open | 📓 Close 🥇 First Idea | 🥈 Second Idea 🥉 Third Idea | 🎖️ Fourth Idea 🟥 ALERTS: Default Option: (Per Bar) Alerts Once Conditions Are Met (Bar Close) Alerts When Bar Closes Default Option: (Reg) Alerts During Regular Market Trading Hours, (0930-1600) (Ext) Alerts During Extended Market Hours, (1600-0930) (24/7) Alerts All Day Optional Preferences: Regular Alerts - Stocks Extended Alerts - Futures 24/7 Alerts - Crypto 🟧 RANGES: Default Value: (1) Incremental Range Value, Increasing Value Swaps Sessions With the Next Two Ranges (✓) Swap Ranges? Pre/Post Market High/Lows, 1-2 Day High/Lows, 1-2 Week High/Lows, 1-2 Month High/Lows, 1-2 Year High/Lows ( ) Swap Ranges? Pre/Post Market Open/Close, 1-2 Day Open/Close, 1-2 Week Open/Close, 1-2 Month Open/Close, 1-2 Year Open/Close 🟨 EXAMPLES: Default Range: 🟢 | 📗 Pre Market High (PRE) | 4600.00 🔴 | 📕 Post Market Low (POST) | 420.00 Optional: (Open) 🟢 | 📔 Post Market Open (POST) | 4400.00 Optional: (Close) 🔴 | 📓 Pre Market Close (PRE) | 430.00 Default Range Value: (1) 🔴 | 📗 1 Day High (1DH) | 460.00 Next Range Value: (3) 🟢 | 📕 4 Day Low (4DL) | 420.00 Optional: (Open) 🔴 | 📔 2 Day Open (2DO) | 440.00 Optional: (Close) 🟢 | 📓 3 Day Close (3DC) | 430.00 Default Range Value: (5) 🟢 | 📗 5 Week High (5WH) | 460.00 Next Range Value: (7) 🔴 | 📕 8 Week Low (8WL) | 420.00 Optional: (Open) 🔴 | 📔 7 Week Open (7WO) | 4400.00 Optional: (Close) 🟢 | 📓 6 Week Close (6WC) | 430.00 Default Range Value: (9) 🔴 | 📗 9 Month High (9MH) | 460.00 Next Range Value: (11) 🟢 | 📕 12 Month Low (12ML) | 420.00 Optional: (Open) 🟢 | 📔 11 Month Open (11MO) | 4400.00 Optional: (Close) 🔴 | 📓 10 Month Close (10MC) | 430.00 Default Range Value: (13) 🟢 | 📗 13 Year High (13YH) | 460.00 Next Range Value: (15) 🟢 | 📕 16 Year Low (16YL) | 420.00 Optional: (Open) 🔴 | 📔 15 Year Open (15YO) | 4400.00 Optional: (Close) 🔴 | 📓 14 Year Close (14YC) | 430.00 🟩 COLORS: (✓) Swap Colors? Text Color Is Shown Using Background Color ( ) Swap Colors? Background Color Is Shown Using Text Color 🟦 IDEAS: (✓) Show Ideas? Plots Four Ideas With Custom Lines and Labels; Ideas Are Based Around Post-It Note Reminders with Alerts Suggestions For Text Ideas: Take Profit, Stop Loss, Trim, Hold, Long, Short, Bounce Spot, Retest, Chop, Support, Resistance, Buy, Sell 🟪 EXAMPLES: Default Value: (5) Shows the Custom Value For Lines, Labels, and Alerts Default Text: (🥇) Shown On First Label and Message Appearing On Alerts Alert Shows: 🟢 | 🥇 | 5.00 Default Value: (10) Shows the Custom Value For Lines, Labels, and Alerts Default Text: (🥈) Shown On Second Label and Message Appearing On Alerts Alert Shows: 🔴 | 🥈 | 10.00 Default Value: (50) Shows the Custom Value For Lines, Labels, and Alerts Default Text: (🥉) Shown On Third Label and Message Appearing On Alerts Alert Shows: 🟢 | 🥉 | 50.00 Default Value: (100) Shows the Custom Value For Lines, Labels, and Alerts Default Text: (🎖️) Shown On Fourth Label and Message Appearing On Alerts Alert Shows: 🔴 | 🎖️ | 100.00 ⬛️ REFERENCES: Pre-market Highs & Lows on regular trading hours (RTH) chart By Twingall Previous Day Week Highs & Lows By Sbtnc Screener for 40+ instruments By QuantNomad Daily Weekly Monthly Yearly Opens By Meliksah55
Penunjuk Pine Script®
oleh Scvvby
2
Volume and Price Z-Score [Multi-Asset] - By LeviathanThis script offers in-depth Z-Score analytics on price and volume for 200 symbols. Utilizing visualizations such as scatter plots, histograms, and heatmaps, it enables traders to uncover potential trade opportunities, discern market dynamics, pinpoint outliers, delve into the relationship between price and volume, and much more. A Z-Score is a statistical measurement indicating the number of standard deviations a data point deviates from the dataset's mean. Essentially, it provides insight into a value's relative position within a group of values (mean). - A Z-Score of zero means the data point is exactly at the mean. - A positive Z-Score indicates the data point is above the mean. - A negative Z-Score indicates the data point is below the mean. For instance, a Z-Score of 1 indicates that the data point is 1 standard deviation above the mean, while a Z-Score of -1 indicates that the data point is 1 standard deviation below the mean. In simple terms, the more extreme the Z-Score of a data point, the more “unusual” it is within a larger context. If data is normally distributed, the following properties can be observed: - About 68% of the data will lie within ±1 standard deviation (z-score between -1 and 1). - About 95% will lie within ±2 standard deviations (z-score between -2 and 2). - About 99.7% will lie within ±3 standard deviations (z-score between -3 and 3). Datasets like price and volume (in this context) are most often not normally distributed. While the interpretation in terms of percentage of data lying within certain ranges of z-scores (like the ones mentioned above) won't hold, the z-score can still be a useful measure of how "unusual" a data point is relative to the mean. The aim of this indicator is to offer a unique way of screening the market for trading opportunities by conveniently visualizing where current volume and price activity stands in relation to the average. It also offers features to observe the convergent/divergent relationships between asset’s price movement and volume, observe a single symbol’s activity compared to the wider market activity and much more. Here is an overview of a few important settings. Z-SCORE TYPE ◽️ Z-Score Type: Current Z-Score Calculates the z-score by comparing current bar’s price and volume data to the mean (moving average with any custom length, default is 20 bars). This indicates how much the current bar’s price and volume data deviates from the average over the specified period. A positive z-score suggests that the current bar's price or volume is above the mean of the last 20 bars (or the custom length set by the user), while a negative z-score means it's below that mean. Example: Consider an asset whose current price and volume both show deviations from their 20-bar averages. If the price's Z-Score is +1.5 and the volume's Z-Score is +2.0, it means the asset's price is 1.5 standard deviations above its average, and its trading volume is 2 standard deviations above its average. This might suggest a significant upward move with strong trading activity. ◽️ Z-Score Type: Average Z-Score Calculates the custom-length average of symbol's z-score. Think of it as a smoothed version of the Current Z-Score. Instead of just looking at the z-score calculated on the latest bar, it considers the average behavior over the last few bars. By doing this, it helps reduce sudden jumps and gives a clearer, steadier view of the market. Example: Instead of a single bar, imagine the average price and volume of an asset over the last 5 bars. If the price's 5-bar average Z-Score is +1.0 and the volume's is +1.5, it tells us that, over these recent bars, both the price and volume have been consistently above their longer-term averages, indicating sustained increase. ◽️ Z-Score Type: Relative Z-Score Calculates a relative z-score by comparing symbol’s current bar z-score to the mean (average z-score of all symbols in the group). This is essentially a z-score of a z-score, and it helps in understanding how a particular symbol's activity stands out not just in its own historical context, but also in relation to the broader set of symbols being analyzed. In other words, while the primary z-score tells you how unusual a bar's activity is for that specific symbol, the relative z-score informs you how that "unusualness" ranks when compared to the entire group's deviations. This can be particularly useful in identifying symbols that are outliers even among outliers, indicating exceptionally unique behaviors or opportunities. Example: If one asset's price Z-Score is +2.5 and volume Z-Score is +3.0, but the group's average Z-Scores are +0.5 for price and +1.0 for volume, this asset’s Relative Z-Score would be high and therefore stand out. This means that asset's price and volume activities are notably high, not just by its own standards, but also when compared to other symbols in the group. DISPLAY TYPE ◽️ Display Type: Scatter Plot The Scatter Plot is a visual tool designed to represent values for two variables, in this case the Z-Scores of price and volume for multiple symbols. Each symbol has it's own dot with x and y coordinates: X-Axis: Represents the Z-Score of price. A symbol further to the right indicates a higher positive deviation in its price from its average, while a symbol to the left indicates a negative deviation. Y-Axis: Represents the Z-Score of volume. A symbol positioned higher up on the plot suggests a higher positive deviation in its trading volume from its average, while one lower down indicates a negative deviation. Here are some guideline insights of plot positioning: - Top-Right Quadrant (High Volume-High Price): Symbols in this quadrant indicate a scenario where both the trading volume and price are higher than their respective mean. - Top-Left Quadrant (High Volume-Low Price): Symbols here reflect high trading volumes but prices lower than the mean. - Bottom-Left Quadrant (Low Volume-Low Price): Assets in this quadrant have both low trading volume and price compared to their mean. - Bottom-Right Quadrant (Low Volume-High Price): Symbols positioned here have prices that are higher than their mean, but the trading volume is low compared to the mean. The plot also integrates a set of concentric squares which serve as visual guides: - 1st Square (1SD): Encapsulates symbols that have Z-Scores within ±1 standard deviation for both price and volume. Symbols within this square are typically considered to be displaying normal behavior or within expected range. - 2nd Square (2SD): Encapsulates those with Z-Scores within ±2 standard deviations. Symbols within this boundary, but outside the 1 SD square, indicate a moderate deviation from the norm. - 3rd Square (3SD): Represents symbols with Z-Scores within ±3 standard deviations. Any symbol outside this square is deemed to be a significant outlier, exhibiting extreme behavior in terms of either its price, its volume, or both. By assessing the position of symbols relative to these squares, traders can swiftly identify which assets are behaving typically and which are showing unusual activity. This visualization simplifies the process of spotting potential outliers or unique trading opportunities within the market. The farther a symbol is from the center, the more it deviates from its typical behavior. ◽️ Display Type: Columns In this visualization, z-scores are represented using columns, where each symbol is presented horizontally. Each symbol has two distinct nodes: - Left Node: Represents the z-score of volume. - Right Node: Represents the z-score of price. The height of these nodes can vary along the y-axis between -4 and 4, based on the z-score value: - Large Positive Columns: Signify a high or positive z-score, indicating that the price or volume is significantly above its average. - Large Negative Columns: Represent a low or negative z-score, suggesting that the price or volume is considerably below its average. - Short Columns Near 0: Indicate that the price or volume is close to its mean, showcasing minimal deviation. This columnar representation provides a clear, intuitive view of how each symbol's price and volume deviate from their respective averages. ◽️ Display Type: Circles In this visualization style, z-scores are depicted using circles. Each symbol is horizontally aligned and represented by: - Solid Circle: Represents the z-score of price. - Transparent Circle: Represents the z-score of volume. The vertical position of these circles on the y-axis ranges between -4 and 4, reflecting the z-score value: - Circles Near the Top: Indicate a high or positive z-score, suggesting the price or volume is well above its average. - Circles Near the Bottom: Represent a low or negative z-score, pointing to the price or volume being notably below its average. - Circles Around the Midline (0): Highlight that the price or volume is close to its mean, with minimal deviation. ◽️ Display Type: Delta Columns There's also an option to utilize Z-Score Delta Columns. For each symbol, a single column is presented, depicting the difference between the z-score of price and the z-score of volume. The z-score delta essentially captures the disparity between how much the price and volume deviate from their respective mean: - Positive Delta: Indicates that the z-score of price is greater than the z-score of volume. This suggests that the price has deviated more from its average than the volume has from its own average. Such a scenario could point to price movements being more significant or pronounced compared to the changes in volume. - Negative Delta: Represents that the z-score of volume is higher than the z-score of price. This might mean that there are substantial volume changes, yet the price hasn't moved as dramatically. This can be indicative of potential build-up in trading interest without an equivalent impact on price. - Delta Close to 0: Means that the z-scores for price and volume are almost equal, indicating their deviations from the average are in sync. ◽️ Display Type: Z-Volume/Z-Price Heatmap This visualization offers a heatmap either for volume z-scores or price z-scores across all symbols. Here's how it's presented: Each symbol is allocated its own horizontal row. Within this row, bar-by-bar data is displayed using a color gradient to represent the z-score values. The heatmap employs a user-defined gradient scale, where a chosen "cold" color represents low z-scores and a chosen "hot" color signifies high z-scores. As the z-score increases or decreases, the colors transition smoothly along this gradient, providing an intuitive visual indication of the z-score's magnitude. - Cold Colors: Indicate values significantly below the mean (negative z-score) - Mild Colors: Represent values close to the mean, suggesting minimal deviation. - Hot Colors: Indicate values significantly above the mean (positive z-score) This heatmap format provides a rapid, visually impactful means to discern how each symbol's price or volume is behaving relative to its average. The color-coded rows allow you to quickly spot outliers. VOLUME TYPE The "Volume Type" input allows you to choose the nature of volume data that will be factored into the volume z-score calculation. The interpretation of indicator’s data changes based on this input. You can opt between: - Volume (Regular Volume): This is the classic measure of trading volume, which represents the volume traded in a given time period - bar. - OBV (On-Balance Volume): OBV is a momentum indicator that accumulates volume on up bars and subtracts it on down bars, making it a cumulative indicator that sort of measures buying and selling pressure. Interpretation Implications: - For Volume Type: Regular Volume: Positive Z-Score: Indicates that the trading volume is above its average, meaning there's unusually high trading activity . Negative Z-Score: Suggests that the trading volume is below its average, signifying unusually low trading activity. - For Volume Type: OBV: Positive Z-Score: Signifies that “buying pressure” is above its average. Negative Z-Score: Signifies that “selling pressure” is above its average. When comparing Z-Score of OBV to Z-Score of price, we can observe several scenarios. If Z-Price and Z-Volume are convergent (have similar z-scores), we can say that the directional price movement is supported by volume. If Z-Price and Z-Volume are divergent (have very different z-scores or one of them being zero), it suggests a potential misalignment between price movement and volume support, which might hint at possible reversals or weakness.
Penunjuk Pine Script®
oleh LeviathanCapital
24
Breakout FilterIntroduction: The Breakout Filter is a technical analysis indicator designed to identify potential breakout trading opportunities in the financial markets. It combines breakout conditions based on price and volume with the visualization of Exponential Moving Average (EMA) lines. This indicator can be a valuable tool for traders seeking to capture breakout movements while utilizing EMA lines for additional trend analysis. Indicator Overview: The Breakout Filter consists of three main filters: Filter 1, Filter 2, and Filter 3. Each filter has its own set of conditions that need to be met for a breakout signal to be generated. Additionally, the indicator plots EMA lines on the chart to provide further insights into the market trend. Filter 1: Price & Volume Breakout (Default symbol: Tiny Yellow Triangle) Filter 1 focuses on identifying breakouts based on both price and volume criteria. It considers the following conditions: - Price Breakout: The close price crosses above the Donchian Channel's middle line, indicating a potential upward breakout. - Volume Breakout: The trading volume exceeds the moving average of volume, suggesting increased market participation during the breakout. When both the price breakout and volume breakout conditions are met, Filter 1 generates a signal indicating a potential breakout in the market. This filter helps traders identify significant price movements accompanied by higher trading volumes. Filter 2: Upper Band Breakout Filter 2 specifically looks for breakouts above the upper band of the Donchian Channel. This condition suggests a potential strong upward momentum in the market. When the high price exceeds the upper band, Filter 2 generates a signal, indicating a breakout above the recent price range. Filter 3: Combined Filter 1 and Filter 2 Filter 3 combines the conditions of both Filter 1 and Filter 2. It requires that both Filter 1 and Filter 2 generate signals simultaneously. When this happens, it indicates a strong breakout signal with price and volume confirming the upward momentum. EMA Lines: The Breakout Filter with EMA Lines also includes the visualization of Exponential Moving Average (EMA) lines on the chart. EMA is a popular technical indicator used to identify the overall trend in the market. The indicator plots three EMA lines with different periods: EMA1, EMA2, and EMA3. Traders can choose the periods for each EMA line based on their preference and trading strategy. The EMA lines can provide additional insights into the market trend and potential support or resistance levels. By observing the interaction between the price and the EMA lines, traders can gain a better understanding of the prevailing market sentiment and make informed trading decisions. How to screen these filters using Trading View Screener Insert column "DONCHIAN20 UP" and set to "EQUAL HIGH" Conclusion: The Breakout Filter with EMA Lines is a comprehensive indicator that combines breakout conditions based on price and volume with the visualization of EMA lines. It helps traders identify potential breakout trading opportunities while providing insights into the market trend. By using this indicator, traders can enhance their trading strategies and potentially improve their trading outcomes. Please note that this write-up is for informational purposes only and should not be considered as financial advice. Traders should conduct their own analysis and exercise caution when making trading decisions.
Penunjuk Pine Script®
oleh hayan500
16
ATR VisualizerAdvance Your Market Analysis with the True Range Indicator The True Range Indicator is a sophisticated screener meticulously developed to bolster your trading execution by presenting an exceptional understanding of the market direction. The centerpiece of this instrument is a distinctive candle configuration depicting the Average True Range (ATR) and the Bear/Bull range. However, it traverses beyond the conventional channels to offer specific market settings to boost your trading decisions. User-Defined Settings Broadly, the indicator offers five dynamic settings: Bear/Bull Range The Bear/Bull Range outlines the ATR for each candle type - bearish and bullish - and then smartly opts for the pertinent one based on the prevalent market circumstances. This feature aids in comparing the range of bullish and bearish candlesticks, which deepens your understanding of the price action and volatility. Bearish Range The Bearish Range isolates and computes the ATR for bearish candles solely. Utilizing this option spots the bear-dominated periods and provides insights about potential market reversals or downward continuations. Bullish Range Opposite to the Bearish Range, the Bullish Range setting tabulates the ATR exclusively for bullish candles. It assists in tracking the periods when bulls control, enlightening traders about the possibility of upward continuations or trend reversals. Average Range The Average Range provides an unbiased measure of range without prioritizing either bull or bear trends. This model is ideal for traders looking for a holistic interpretation of market behavior, regardless of direction. Cumulative Average Range Equally significant is the Cumulative Average Range which calculates the aggregate moving average of the true ranges for an expressed period. This setting is extremely valuable when evaluating the long-term volatility and spotting potential breakouts. Dual Candle Configuration Going a step ahead, the True Range Indicator uniquely offers the possibility to incorporate more than one candle estimate on your screen. This ensures simultaneous analysis of multiple market dynamics, thereby enhancing your trading precision multifold. Concluding Thoughts In essence, the True Range Indicator is an indispensable companion for traders looking to not only leverage market volatility but also make educated predictions. Equipped with an array of insightful market settings and the ability to display dual candle estimates on-screen, you can customize the functionality to suit your unique trading style and magnify your market performance dramatically.
Penunjuk Pine Script®
oleh The_Peaceful_Lizard
7
Sessions[Lenny Kiruthu]The script below is designed to show up to 4 different trading sessions i.e. London, New York, Tokyo and Sydney sessions, it also displays the days each session is taking place in as well as two horizontal lines one for the previous days high and the other for the previous days low. It also displays a table that shows the user the highest and lowest price for 4 different currency pairs the previous day as well as their current prices and below it a confirmation row that shows whether price is currently above, below or within yesterdays range. Note that it only states "High Broken" or "Low Broken" if the current close is above or below the lines. What you can change Your time zone for example GMT -4 or GMT +3 The session start and end time The colors, border type and border width of the session ranges Displaying the table Ability to choose the 4 symbols to view on the table
Penunjuk Pine Script®
oleh Lenny_Kiruthu
8
Quantum Vector AlertsIts the part 2 of Multiple Indicators 50EMA Cross Alerts. Its more suitable for the seconds chart. Beside, you can use it in higher timeframe. The input bars length is the sample size that the code will use to trigger all alert. 20 mean 20 bar after the current candle. When you activate volume alert you can select an amount of volume that when volume cross it you will be notified. The volume of every bar is displayed in the screener below volume. In the section percentage vector counting the script do the sum of the red vector and green vector and give a ratio. In bullish vector count percentage for alert, you can select the percentage difference that you want to receive an alert. If your sample have 3 red vectors and 7 green vectors you will receive an alert saying that there is an imbalance of 70% showing more green vectors. You can select a variant of percentage vector. The variant will do a summation of volume. If 1 vector candle is the size of the 3 other vector, they will have the same ponderation. Normal alert counting count the number of vectors in the bars length. You can count the red and green candle only or add the blue and violet. Bullish vector count will show a notification when the number of green candle will appear on the chart in the selected length. The same process is valid for bearish vector count. For example, if you want 3 bullish candle in 20 bar. You select bars length 20 and bullish vector count 3. These alerts are suitable to the hybrid system. Thanks to our teacher Trader Reality and to all the member that contribute to this great discord community.
Penunjuk Pine Script®
oleh F_rank_01
Beta ScreenerThis script allows you to screen up to 38 symbols for their beta. It also allows you to compare the list to not only SPY but also CRYPTO10! Features include custom time frame and custom colors. Here is a refresher on what beta is: Beta (β) is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole (usually the S&P 500 ). Stocks with betas higher than 1.0 can be interpreted as more volatile than the S&P 500 . Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks). CAPM is widely used as a method for pricing risky securities and for generating estimates of the expected returns of assets, considering both the risk of those assets and the cost of capital. How Beta Works A beta coefficient can measure the volatility of an individual stock compared to the systematic risk of the entire market. In statistical terms, beta represents the slope of the line through a regression of data points. In finance, each of these data points represents an individual stock's returns against those of the market as a whole. Beta effectively describes the activity of a security's returns as it responds to swings in the market. A security's beta is calculated by dividing the product of the covariance of the security's returns and the market's returns by the variance of the market's returns over a specified period. cov (a,b)/var(b)
Penunjuk Pine Script®
oleh The_Peaceful_Lizard
1
Line Break Heikin AshiThis script takes two candle styles and combines then into one. By only using the closing price to inform the heikin ashi candles you get a lovely line break style heiken ashi candle. The advantage to this if you are into this kind of thing is that it makes for a smoother experience. You still get wicks just because of the nature of heikin ashi but they are dramatically reduced. This is defiantly an experimental indicator as its just a different way to look at the chart. I hope some one can find use in this outside of a work around pine script limitations. I had to create this for my sentiment tracker section of my qqe bb screener because it uses so many symbols that I cant get the open, high, or low for each. If you find any bugs please report them, or if you have any feedback please leave it. Enjoy!
Penunjuk Pine Script®
oleh The_Peaceful_Lizard
2
QQE Student's T-Distribution Bollinger Bands ScreenerThis script scans 20 custom symbols and displays the QQE Students T-Distribution Bollinger Bandwidth as a percentage, the quarter segment percentage, a score that tells you what segment of the band the price is in, and what direction the market is going in. This is useful because it can tell you how volatile a market is and how much reward is in the market. It also tells you what direction the market is going in so you can pick a symbol that has the best looking reward. I really hope that this script complements the group of indicators I have made so far. Here is a list of the other two indicators related to this script. Please enjoy!
Penunjuk Pine Script®
oleh The_Peaceful_Lizard
3
MA Cross ScreenerThis script lets you pick 20 symbols to check for ma crosses. The way it works is it scans all 20 of your symbols for moving average crosses and then it sends an both a regular alert and a visual alert inside of the indicator. I found that ma cross strategies are very popular right now so I thought it would be nice to have one indicator instead of 20 discord servers. The features include: 20 custom symbols, alerts, custom colors, ma select, and custom time frames. If you want to use the custom time frame option, use the lowest time frame possible. That way you wont have gaps. If you have any comments please voice them, that includes suggestions! I hope you all find this useful!
Penunjuk Pine Script®
oleh The_Peaceful_Lizard
1
[ChasinAlts] RSI (Time-Spent) Count[MO]// Hello fellow traduers, hope all is well in your neck of the woods. Anywho, I'll attempt to be short and sweet. // I've been doing a LOT of work recently with RSI to figure out what its all about and to learn the ins and outs. // Some great ideas (I think at least) have come to fruition from the deep-dive into RSI, thus, I've got 2 of these ideas // to share. One notable feature for the RSI is when there is a BULLISH trend, it is VERY likely to stay within the upper // 2/3rds of the RSI extremes (0-100) and vise-versa for BEARISH trends and the lower 2/3rds of the RSI extremes. // That is where this script's idea was derived. Now PLEASE, do tell, if you disagree with me (preferably via a cool, // calm, and collected comment...but hey, that's up to you). Ok, now the script. // // What this does is gives you a Bullish and Bearish count for the bars. Bullish Cnt counts up by +1 per every PRINTED bar // that is above OverSold and vise-versa for the Bearish Cnt and being below OverBought. That does VERY MUCH make it // possible for both counts to have a high value if RSI is staying between OverBought and OverSold for extended periods // of time. Though, the ONLY count that will be shown is the one with the highest value. // // There are tooltips describing each of the settings but I will quickly talk about 3 more things. First of all, I prefer // to have as few settings in the settings menu as possible thus the "Boundaries to OB/OS" setting can be viewed as the // OverSold input and the OverBought setting is configured from this by subtracting "Boundaries to OB/OS" from 100 // (ie. 100-Oversold = OverBought). There Lastly, there is the option to show ONLY the coin with the MAX Count from each // 'set' of coins. When that count resets to 0 then the next highest count coin will take its place. To use this instead // of how the script is currently constructed you only need to comment out (add '//' at the beginning of each line of) the current // plot functions and uncomment the lines at the very bottom under the 'MAX' section. Doing so also reveals the possibility of // setting an alert for when the coin with the max count changes between different coins. This is very helpful because since it // only gives the top count of ALL the coins in the selected set, this count is most likely going to continue forward with its // count for a while thus when the alert goes off I prefer to look at the potential trades in the opposite direction of which // the max coin was just in (ie. if its count plot/label is red and it stops then look for a potential long trade on the coin // who's count just reset. Only ONE more piece of the script I have yet to talk about. There is a filter in the code and you // can select to use or not use within the settings. What this filter does is it counts all the printed bars within the last // ___bars(user selectable). This is due to the fact that if there is no trade that occurs on a bar then TradingView does not // print the bar. The coins that have fewer updates also tend to stay within a tighter range for it's RSI thus many times // giving the illusion that the coin is a good trade bc its trending count is very high (tending to be higher than the others) // thus hogging the precious chart space if using the script in its current form, or hogging up the MAX slot so that no other // (and most likely BETTER-TO-TRADE) coins will be shown. It is a great volatility indicator (that of which I have published // a script using the idea in the recent past). If selected in the settings menu and if the % of printed bars count goes below // the user set minimum % then both Bullish and Bearish counts will be reset. This is indicated within the counts plots by looking // at the plots whose counts reset and rather than the plots just stopping printing in mid-air, they will continue to plot while the // counts reset and fall down to 0. These types of coins will keep you in a trade longer that you'd probably want gaining less than // you'd probably expect. // // Peace Folks & Happy Trading, // // ChasinAlts
Penunjuk Pine Script®
oleh A_Traders_Edge
4
Donchian Channels+Standard Donchian Channels, this includes a Trend EMA which can be configured and the channels will use to give buy and sell signals. The channels are also colored in such a way to indicate a trend reversals. My favorite part that sets this apart from others is, if using the bClose option (which I recommend you do) the trend will not reverse until there is a close above/below the previous channel high/low. i.e. a reversal into an uptrend requires the current bar to close above the previous upper channel rather than just a new high. The coloring of the current trend allows for a quick read of current market conditions and I use this on any timeframe across all forms of charts (forex stock, futures , crypto, etc). When taking one of the signals I use the opposite channel as the stop loss (when buying use bottom, and selling use top channel) Update 1: - Added my name to the code - Updated the picture to show off the indicator better - Raised the brightness of the fill color a bit, looks nicer I think As a warning: I have obviously hand picked this picture to really show off this indicator's power to work in a trending market. Donchian Channels are a trending indicator and work best in trending markets with decent pull backs. If there are multiple signals going in each direction, it is a choppy market and you should stay out until it starts trending again. I generally use a 1:1.5 risk to reward ratio but sometimes will stretch it to 1:2 if it is a nice trade and I feel the market is in my favor as you can see from the trades placed in the picture (and I use that method for any commodity / chart and timeframe). I use the close of the white candle and then (since they are trades going short) I use the upper Donchian Channel as my stop loss. I personally like to have the lines and labels turned off and enable all other options. Labels are just there to really stand out so you don't miss the white candle indication for a trade. OH! Also, I've had comments from friends that the white candles are hard to see, I turn off my candle borders in settings; makes it super easy to see them then. I turn lines off as the fill does the job well enough and it seems cleaner in my eyes. If you'd like to see this picture on your chart, it is Micro E-Mini S&P 500 Futures from July 10, 2022 @ 18:00 on the 1-min chart. just now Update 2: - Added day trading time highlights - Added ranging market indicator (This I'm still working on so use at your own discretion, it's intended purpose is to tell when the Donchian Channels are not going to give great signals and to use a ranging indicator instead) - Added multi-timeframe trend screener (handy if you want to quickly see the trend direction (based on the Trend EMA you set) of several time frames without having to change charts). It will draw in the bottom right of the chart.
Penunjuk Pine Script®
oleh theehoganator
2
Volume Spikes & Growing Volume Signals With Alerts & ScannerVOLUME SPIKES & GROWING VOLUME SIGNALS WITH ALERTS & SCANNER This indicator shows arrows when there is a volume spike. It also paints the background when volume is growing. There is also a volume scanner for 8 tickers that will change color in real time when your other favorite tickers see volume growth and spikes. You can customize the length of DMI, the number of bars to calculate the current volume average from, the number of bars back to get the overall volume average from, the multiple that needs to be hit to give a signal, the position of the scanner table and which tickers are used in the scanner. There are detailed directions as tooltips in the indicator settings you can read to understand exactly what each input does. All features are customizable as well as which tickers the screener uses. ***HOW TO USE*** Watch for volume to pick up before placing trades as this will help you stay out of the markets when price is choppy. Volume usually brings volatility so watch for the volume signals to show up on the chart. Typically when price has made a big move one direction or is consolidating and you see the volume indicator start giving signals, the market is ready to reverse or continue its current trend but move faster in that direction. Volume Spikes When there is a volume spike that is larger than the average of volume over the last 100+ bars(depending on your settings) multiplied by the volume amount multiplier(in your settings) then an arrow will show up on the chart. This arrow will be green if DMI is bullish and red if DMI is bearish. Volume Growth A Background color will appear when the average volume over the last 5 bars(depending on your settings) is higher than the average volume over the last 100+ bars(depending on your settings) and is greater than your multiple. It will also paint the background when the volume moving average has increased over the last 3 bars consecutively. The background colors will be red or green depending on buy & sell pressure(DMI). If the background color appears, then you know volume is growing and volatility is near. Volume Scanner The scanner can be customized to have all of your favorite tickers by changing the tickers used in the indicator settings at the bottom. When no volume growth or spikes are detected, the ticker will show as light blue. When volume spikes or growth is detected, the ticker will turn orange to notify you. Alerts You can set up alerts as well when there is volume growth, bullish volume spikes and bearish volume spikes on any chart or timeframe. Indicator Settings Settings will need to be adjusted across different tickers as some have large swings in volume and some stay pretty even, so make sure to set up different chart layouts with settings that work for each ticker and save them individually so you don’t have to reset these values every time you switch charts. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex as long as Tradingview has volume and DMI data for that ticker. ***TIMEFRAMES*** This volume spike indicator can be used on all timeframes as long as there is enough data for Tradingview to use for calculations. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Volume Profile, Momentum, Auto Support And Resistance and Money Flow Index in combination with this Volume Growth indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Penunjuk Pine Script®
oleh FriendOfTheTrend
12
Multiple Indicator 50EMA Cross AlertsHere’s a screener including Symbol, Price, TSI, and 50 ema cross in a table output. The 50 Exponential Moving Average is a trend indicator You can find bullish momentum when the 50 ema crossed over or a bearish momentum when the 50 ema crossed under we are looking to take advantage by trading the reversion of these trends. True strength index (TSI) is a trend momentum indicator Readings are bullish when the True Strength Index shows positive values Readings are bearish when the indicator displays negative values. When a value is above 20, we look for selling overbought opportunity and when the value is under 20, we look for buying oversold opportunity. You can select the pair of your choice in the settings. Make sure to create an alert and choose any alerts then an alert will trigger when a price cross under or cross over the 50 ema for every pair separately. This allow the user to verify if there is a trade set up or not. Disclaimer This post and the script don’t provide any financial advice.
Penunjuk Pine Script®
oleh F_rank_01
27
MomentumThis indicator will give you the momentum readings (rate of change) for five lookback periods (15m, 60m, 4hr, 24hr, 48hr). This is useful when backtesting or retroactively logging the readings into your trade journal (there is no way to roll back the Forex Factory momentum screener that I know of). There are lines drawing in the background which are set to 100% transparency by default, so don't be puzzled when you occasionally see the bubbles for the line plots being highlighted on your chart. Message me with any questions or suggestions.
Penunjuk Pine Script®
oleh The_Arena_Trader