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Chart VWAP█   OVERVIEW This indicator displays a ​Volume-Weighted Average Price anchored to the leftmost visible bar of the chart. It dynamically recalculates when the chart's visible bars change because you scroll or zoom your chart. If you are not already familiar with ​VWAP, our Help Center will get you started. The typical ​VWAP is designed to be used on intraday charts, as it resets at the beginning of the day. Our Rolling ​VWAP , instead, resets on a rolling time window. You may also find the VWAP Auto Anchored built-in indicator worth a try. █   HOW TO USE IT Load the indicator on an active chart (see the Help Center if you don't know how). By default, it displays the chart's ​VWAP in orange and a simple average of the chart's visible close values in gray. This average can be used as a companion to the ​VWAP, since both are calculated from the same set of bars. The script's settings allow you to hide it. You may also use the script's settings to enable the display of the chart's OHLC (open, high, low, close) levels and the values of the high and low. These are also calculated from the range of visible bars. You can complement the high and low lines with their price and their distance in percent from the chart's latest visible close . You can use the levels to quickly identify the distances from extreme points in the visible price range, as well as observe the visible chart's beginning and end prices. █   NOTES FOR Pine Script™ CODERS This script showcases three novelties:  • Dynamic recalculation on visible bars  • The VisibleChart library by PineCoders  • The new `anchor` parameter of ta.vwap() Dynamic recalculation on visible bars This script behaves in a novel way made possible by the recent introduction of two new built-in variables: chart.left_visible_bar_time and chart.right_visible_bar_time , which return the opening time of the leftmost and rightmost visible bars on the chart. These are only two of many new built-ins in the `chart.*` namespace. See this blog post for more information, or look up them up by typing "chart." in the Pine Script™ Reference Manual . Any script using chart.left_visible_bar_time or chart.right_visible_bar_time acquires a unique property, which triggers its recalculation when traders scroll or zoom their chart, causing the range of visible bars to change. This new capability is what makes it possible for this script to calculate its ​VWAP on the chart's visible bars only, and dynamically recalculate if the user scrolls or zooms their chart. This script is just a start to the party; endless uses for indicators that redraw on changes to the chart will no doubt emerge through the hands of our community's Pine Script™ programmers. The VisibleChart library by PineCoders The newly published VisibleChart library is designed to help programmers benefit from the new capabilities made possible by the fact that Pine Script™ code can now tell when it is executing on visible bars. The library's description, functions and example code will help programmers make the most of the new feature. This script uses three of the library's functions:  • `PCvc.vVwap()` calculates a ​VWAP for visible bars. ​​​​ • `PCvc.​avg()` calculates the average of a source value for visible bars only. We use it to calculate the average close (the default source).  • `PCvc.chartXTimePct(25)` calculates a time value corresponding to 25% of the horizontal distance between visible bars, starting from the left. The new `anchor` parameter of ta.vwap() Our script also uses this new `anchor` parameter to reset the ​VWAP at the leftmost visible bar. See how simple the code is for the VisibleChart library's `vVwap()` function. Look first. Then leap.
Penunjuk Pine Script®
oleh TradingView
17
CVD - Cumulative Volume Delta Candles█   OVERVIEW This indicator displays cumulative ​volume delta in candle form. It uses intrabar information to obtain more precise ​volume delta information than methods using only the chart's timeframe. █   CONCEPTS Bar polarity By bar polarity , we mean the direction of a bar, which is determined by looking at the bar's close vs its open . Intrabars Intrabars are chart bars at a lower timeframe than the chart's. Each 1H chart bar of a 24x7 market will, for example, usually contain 60 bars at the lower timeframe of 1min, provided there was market activity during each minute of the hour. Mining information from intrabars can be useful in that it offers traders visibility on the activity inside a chart bar. Lower timeframes (LTFs) A lower timeframe is a timeframe that is smaller than the chart's timeframe. This script uses a ​LTF to access intrabars. The lower the ​LTF, the more intrabars are analyzed, but the less chart bars can display ​CVD information because there is a limit to the total number of intrabars that can be analyzed. Volume delta The ​volume delta concept divides a bar's ​volume in "up" and "down" ​volumes. The delta is calculated by subtracting down ​volume from up ​volume. Many calculation techniques exist to isolate up and down ​volume within a bar. The simplest techniques use the polarity of interbar price changes to assign their ​volume to up or down slots, e.g., On Balance Volume or the Klinger Oscillator . Others such as Chaikin Money Flow use assumptions based on a bar's OHLC values. The most precise calculation method uses tick data and assigns the ​volume of each tick to the up or down slot depending on whether the transaction occurs at the bid or ask price. While this technique is ideal, it requires huge amounts of data on historical bars, which usually limits the historical depth of charts and the number of symbols for which tick data is available. This indicator uses intrabar analysis to achieve a compromise between the simplest and most precise methods of calculating ​volume delta. In the context where historical tick data is not yet available on TradingView, intrabar analysis is the most precise technique to calculate ​volume delta on historical bars on our charts. Our Volume Profile indicators use it. Other ​volume delta indicators in our Community Scripts such as the Realtime 5D Profile use realtime chart updates to achieve more precise ​volume delta calculations, but that method cannot be used on historical bars, so those indicators only work in real time. This is the logic we use to assign intrabar ​volume to up or down slots:  • If the intrabar's open and close values are different, their relative position is used.  • If the intrabar's open and close values are the same, the difference between the intrabar's close and the previous intrabar's close is used.  • As a last resort, when there is no movement during an intrabar and it closes at the same price as the previous intrabar, the last known polarity is used. Once all intrabars making up a chart bar have been analyzed and the up or down property of each intrabar's ​volume determined, the up volumes are added and the down volumes subtracted. The resulting value is ​volume delta for that chart bar. █   FEATURES CVD Candles Cumulative ​Volume Delta Candles present ​volume delta information as it evolves during a period of time. This is how each candle's levels are calculated:  • open : Each candle's' open level is the cumulative ​volume delta for the current period at the start of the bar.   This value becomes zero on the first candle following a ​CVD reset.   The candles after the first one always open where the previous candle closed.   The candle's high, low and close levels are then calculated by adding or subtracting a ​volume value to the open.  • high : The highest ​​volume delta value found in intrabars. If it is not higher than the ​volume delta for the bar, then that candle will have no upper wick.  • low : The lowest ​​volume delta value found in intrabars. If it is not lower than the ​volume delta for the bar, then that candle will have no lower wick.  • close : The aggregated ​volume delta for all intrabars. If ​volume delta is positive for the chart bar, then the candle's close will be higher than its open, and vice versa. The candles are plotted in one of two configurable colors, depending on the polarity of ​volume delta for the bar. CVD resets The "cumulative" part of the indicator's name stems from the fact that calculations accumulate during a period of time. This allows you to analyze the progression of ​volume delta across manageable chunks, which is often more useful than looking at ​volume delta cumulated from the beginning of a chart's history. You can configure the reset period using the "CVD Resets" input, which offers the following selections:  • None : Calculations do not reset.  • On a fixed higher timeframe : Calculations reset on the higher timeframe you select in the "Fixed higher timeframe" field.  • At a fixed time that you specify.  • At the beginning of the regular session .  • On a stepped higher timeframe : Calculations reset on a higher timeframe automatically stepped using the chart's timeframe and following these rules: Chart TF ​HTF < 1min 1H < 3H 1D <= 12H 1W < 1W 1M >= 1W 1Y The indicator's background shows where resets occur. Intrabar precision The precision of calculations increases with the number of intrabars analyzed for each chart bar. It is controlled through the script's "Intrabar precision" input, which offers the following selections:  • Least precise, covering many chart bars  • Less precise, covering some chart bars  • More precise, covering less chart bars  • Most precise, 1min intrabars As there is a limit to the number of intrabars that can be analyzed by a script, a tradeoff occurs between the number of intrabars analyzed per chart bar and the chart bars for which calculations are possible. Total ​volume candles You can choose to display candles showing the total intrabar ​volume for the chart bar. This provides you with more context to evaluate a bar's ​volume delta by showing it relative to the sum of intrabar ​volume. Note that because of the reasons explained in the "NOTES" section further down, the total ​volume is the sum of all intrabar ​​volume rather than the ​volume of the bar at the chart's timeframe. Total ​volume candles can be configured with their own up and down colors. You can also control the opacity of their bodies to make them more or less prominent. This publication's chart shows the indicator with total ​volume candles. They are turned off by default, so you will need to choose to display them in the script's inputs for them to plot. Divergences Divergences occur when the polarity of ​volume delta does not match that of the chart bar. You can identify divergences by coloring the ​CVD candles differently for them, or by coloring the indicator's background. Information box An information box in the lower-left corner of the indicator displays the HTF used for resets, the ​LTF used for intrabars, and the average quantity of intrabars per chart bar. You can hide the box using the script's inputs. █   INTERPRETATION The first thing to look at when analyzing ​CVD candles is the side of the zero line they are on, as this tells you if ​CVD is generally ​bullish or ​bearish. Next, one should consider the relative position of successive candles, just as you would with a price chart. Are successive candles trending up, down, or stagnating? Keep in mind that whatever trend you identify must be considered in the context of where it appears with regards to the zero line; an uptrend in a negative ​CVD (below the zero line) may not be as powerful as one taking place in positive ​CVD values, but it may also predate a movement into positive ​CVD territory. The same goes with stagnation; a trader in a long position will find stagnation in positive ​CVD territory less worrisome than stagnation under the zero line. After consideration of the bigger picture, one can drill down into the details. Exactly what you are looking for in markets will, of course, depend on your trading methodology, but you may find it useful to:   • Evaluate ​volume delta for the bar in relation to price movement for that bar.   • Evaluate the proportion that ​​volume delta represents of total ​volume.   • Notice divergences and if the chart's candle shape confirms a hesitation point, as a Doji would.   • Evaluate if the progress of ​CVD candles correlates with that of chart bars.   • Analyze the wicks. As with price candles, long wicks tend to indicate weakness. Always keep in mind that unless you have chosen not to reset it, your ​CVD resets for each period, whether it is fixed or automatically stepped. Consequently, any trend from the preceding period must re-establish itself in the next. █   NOTES Know your volume Traders using ​volume information should understand the ​volume data they are using: where it originates and what transactions it includes, as this can vary with instruments, sectors, exchanges, timeframes, and between historical and realtime bars. The information used to build a chart's bars and display ​volume comes from data providers (exchanges, brokers, etc.) who often maintain distinct feeds for intraday and ​end-of-day (​EOD) timeframes. How ​volume data is assembled for the two feeds depends on how instruments are traded in that sector and/or the ​volume reporting policy for each feed. Instruments from crypto and forex markets, for example, will often display similar ​volume on both feeds. Stocks will often display variations because block trades or other types of trades may not be included in their intraday ​volume data. ​Futures will also typically display variations. Note that as intraday vs ​EOD variations exist for historical bars on some instruments, differences may also exist between the realtime feeds used on intraday vs 1D or greater timeframes for those same assets. Realtime reporting rules will often be different from historical feed reporting rules, so variations between realtime feeds will often be different from the variations between historical feeds for the same instrument. The Volume X-ray indicator can help you analyze differences between intraday and ​EOD ​volumes for the instruments you trade. If every unit of ​volume is both bought by a buyer and sold by a seller, how can ​volume delta make sense? Traders who do not understand the mechanics of matching engines (the exchange software that matches orders from buyers and sellers) sometimes argue that the concept of ​volume delta is flawed, as every unit of ​volume is both bought and sold. While they are rigorously correct in stating that every unit of ​volume is both bought and sold, they overlook the fact that information can be mined by analyzing variations in the price of successive ticks, or in our case, intrabars. Our calculations model the situation where, in fully automated order handling, market orders are generally matched to limit orders sitting in the order book. Buy market orders are matched to quotes at the ask level and sell market orders are matched to quotes at the bid level. As explained earlier, we use the same logic when comparing intrabar prices. While using intrabar analysis does not produce results as precise as when individual transactions — or ticks — are analyzed, results are much more precise than those of methods using only chart prices. Not only does the concept underlying ​volume delta make sense, it provides a window on an oft-overlooked variable which, with price and time, is the only basic information representing market activity. Furthermore, because the calculation of ​volume delta also uses price and time variations, one could conceivably surmise that it can provide a more complete model than ones using price and time only. Whether or not ​volume delta can be useful in your trading practice, as usual, is for you to decide, as each trader's methodology is different. For Pine Script™ coders As our latest Polarity Divergences publication, this script uses the recently released request.security_lower_tf() Pine Script™ function discussed in this blog post . It works differently from the usual request.security() in that it can only be used at LTFs, and it returns an array containing one value per intrabar. This makes it much easier for programmers to access intrabar information. Look first. Then leap.
Penunjuk Pine Script®
oleh TradingView
226
[Sextan] M-Oscillator BacktestLevel: 1 NOTE: This is a request by @scantor516 to backtest M-Oscillator by Mango2Juice with my Sextan framework. I ONLY take 5 minutes to perform it and how much time would you cost for this work? Courtesy of Mango2Juice for M-Oscillator script. You can backtest many of my indicators in minutes now! Of course,you can define your own indicator in the highlighted area in compliance with the uniform format, which guarantee when you use "Indicator on Indicator" function, it would not produce any error. Background Backtesting of technical indicators and strategies is the most common way to understand a quantitative strategy. However, the complicated configuration and adaptation work of backtesting many quantitative tools makes many traders who do not understand the code daunted. Moreover, although I have written a lot of strategies, I am still not very satisfied with the backtest configuration and writing efficiency. Therefore, I have been thinking about how to build a backtesting framework that can quickly and easily evaluate the backtesting performance of any indicator with a "long/short entry" indicator, that is, a "simple backtesting tool for dummies". The performance requirements should be stable, and the operation should be simple and convenient. It is best to "copy", "paste", and "a few mouse clicks" to complete the quick backtest and evaluation of a new indicator. Luckily, I recently realized that TradingView provides an "Indicator on Indicator" feature, which is the perfect foundation for doing "hot swap" backtesting. My basic idea is to use a two-layer design. The first layer is the technical indicator signal source that needs to be embedded, which is only used to provide buy and sell signals of custom strategies; the second layer is the trading system, which is used to receive the output signals of the first layer, and filter the signals according to the agreed specifications. , Take Profit, Stop Loss, draw buy and sell signals and cost lines, define and send custom buy and sell alert messages to mobile phones, social software or trading interfaces. In general, this two-layer design is a flexible combination of "death and alive", which can meet the needs of most traders to quickly evaluate the performance of a certain technical indicator. The first layer here is flexible. Users can insert their own strategy codes according to my template, and they can draw buy and sell signals and output them to the second layer. The second layer is fixed, and the overall framework is solidified to ensure the stability and unity of the trading system. It is convenient to compare different or similar strategies under the same conditions. Finally, all trading signals are drawn on the chart, and the output strategy returns. test report. The main function: The first layer: "{Sextan} Your Indicator Source", the script provides a template for personalized strategy input, and the signal and definition interfaces ensure full compatibility with the second layer. Backtesting is performed stably in the backtesting framework of the layer. The first layer of this script is also relatively simple: enter your script in the highlighted custom script area, and after ensuring the final buy and sell signals long = bool condition, short = bool condition, the design of the first layer is considered complete. Input it into the PINE script editor of TradingView, save it and add it to the chart, you can see the pulse sequence in yellow (buy) and purple (sell) on the sub-picture, corresponding to the main picture, you can subjectively judge that the quality of the trading point of the strategy is good Bad. The second layer: "{Sextan} PINEv4 Sextans Backtest Framework". This script is the standardized trading system strategy execution and alarm, used to generate the final report of the strategy backtest and some key indicators that I have customized that I find useful, such as: winning rate , Odds, Winning Surface, Kelly Ratio, Take Profit and Stop Loss Thresholds, Trading Frequency, etc. are evaluated according to the Kelly formula. To use the second layer, first load it into the TrainingView chart, no markers will appear on the chart, since you have not specified any strategy source signals, click on the gear-shaped setting next to the "{Sextan} PINEv4 Sextans BTFW" header button, you can open the backtest settings, the first item is to select your custom strategy source. Because we have added the strategy source to the chart in the previous step, you can easily find an option "{Sextan} Your Indicator Source: Signal" at the bottom of the list, this is the strategy source input we need, select and confirm , you can see various markers on the main graph, and quickly generate a backtesting profit graph and a list of backtesting reports. You can generate files and download the backtesting reports locally. You can also click the gear on the backtest chart interface to customize some conditions of the backtest, including: initial capital amount, currency type, percentage of each order placed, amount of pyramid additions, commission fees, slippage, etc. configuration. Note: The configuration in the interface dialog overrides the same configuration implemented by the code in the backtest script. How to output charts: The first layer: "{Sextan} Your Indicator Source", the output of this script is the pulse value of yellow and purple, yellow +1 means buy, purple -1 means sell. The second layer: PINEv4 Sextans Backtest Framework". The output of this script is a bit complicated. After all, it is the entire trading system with a lot of information: 1. Blue and red arrows. The blue upward arrow indicates long position, the red downward arrow indicates short position, and the horizontal bar at the end of the purple arrow indicates take profit or stop loss exit. 2. Red and green lines. This is the holding cost line of the strategy, green represents the cost of holding a long position, and red represents the cost of holding a short position. The cost line is a continuous solid line and the price action is relatively close. 3. Green and yellow long take profit and stop loss area and green and yellow long take profit and stop loss fork. Once a long position is held, there is a conditional order for take profit and stop loss. The green horizontal line is the long take profit ratio line, and the yellow is the long stop loss ratio line; the green cross indicates the long take profit price, and the yellow cross indicates the long position. Stop loss price. It's worth noting that the prongs and wires don't necessarily go together. Because of the optimization of the algorithm, for a strong market, the take profit will occur after breaking the take profit line, and the profit will not be taken until the price falls. 4. The purple and red short take profit and stop loss area and the purple red short stop loss fork. Once a short position is held, there will be a take profit and stop loss conditional order, the red is the short take profit ratio line, and the purple is the short stop loss ratio line; the red cross indicates the short take profit price, and the purple cross indicates the short stop loss price. 5. In addition to the above signs, there are also text and numbers indicating the profit and loss values ​​of long and short positions. "L" means long; "S" means short; "XL" means close long; "XS" means close short. TradingView Strategy Tester Panel: The overview graph is an intuitive graph that plots the blue (gain) and red (loss) curves of all backtest periods together, and notes: the absolute value and percentage of net profit, the number of all closed positions, the winning percentage, the profit factor, The maximum trading loss, the absolute value and ratio of the average trading profit and loss, and the average number of K-lines held in all trades. Another is the performance summary. This is to display all long and short statistical indicators of backtesting in the form of a list, such as: net profit, gross profit, Sharpe ratio, maximum position, commission, times of profit and loss, etc. Finally, the transaction list is a table indexed by the transaction serial number, showing the signal direction, date and time, price, profit and loss, accumulated profit and loss, maximum transaction profit, transaction loss and other values. Remarks Finally, I will explain that this is just the beginning of this model. I will continue to optimize the trading system of the second layer. Various optimization feedback and suggestions are welcome. For valuable feedback, I am willing to provide some L4/L5 technical indicators as rewards for free subscription rights.
Penunjuk Pine Script®
oleh blackcat1402
Volume X-ray [LucF]█  OVERVIEW This tool analyzes the relative size of ​volume reported on intraday vs ​EOD (end of day) data feeds on historical bars. If you use ​​volume data to make trading decisions, it can help you improve your understanding of its nature and quality, which is especially important if you trade on intraday timeframes. I often mention, when discussing ​volume analysis, how it's important for traders to understand the ​volume data they are using: where it originates, what it includes and does not include. By helping you spot sizeable differences between ​volume reported on intraday and ​EOD data feeds for any given instrument, "Volume X-ray" can point you to instruments where you might want to research the causes of the difference. █  CONCEPTS The information used to build a chart's historical bars originates from data providers (exchanges, brokers, etc.) who often maintain distinct historical feeds for intraday and ​EOD timeframes. How ​volume data is assembled for intraday and ​EOD feeds varies with instruments, brokers and exchanges. Variations between the two feeds — or their absence — can be due to how instruments are traded in a particular sector and/or the ​volume reporting policy for the feeds you are using. Instruments from crypto and forex markets, for example, will often display similar ​volume on both feeds. Stocks will often display variations because block trades or other types of trades may not be included in their intraday ​volume data. ​Futures will also typically display variations. It is even possible that ​volume from different feeds may not be of the same nature, as you can get trade ​volume (market ​volume) on one feed and tick ​volume (transaction counts) on another. You will sometimes be able to find the details of what different feeds contain from the technical information provided by exchanges/brokers on their feeds. This is an example for the NASDAQ feeds . Once you determine which feeds you are using, you can look for the reporting specs for that feed. This is all research you will need to do on your own; "Volume X-ray" will not help you with that part. You may elect to forego the deep dive in feed information and simply rely on the figure the indicator will calculate for the instruments you trade. One simple — and unproven — way to interpret "Volume X-ray" values is to infer that instruments with larger percentages of intraday/​EOD ​​volume ratios are more "democratic" because at intraday timeframes, you are seeing a greater proportion of the actual traded ​volume for the instrument. This could conceivably lead one to conclude that such ​​volume data is more reliable than on an instrument where intraday ​volume accounts for only 3% of ​EOD ​volume, let's say. Note that as intraday vs ​EOD variations exist for historical bars on some instruments, there will typically also be differences between the realtime feeds used on intraday vs 1D or greater timeframes for those same assets. Realtime reporting rules will often be different from historical feed reporting rules, so variations between realtime feeds will often be different from the variations between historical feeds for the same instrument. A deep dive in reporting rules will quickly reveal what a jungle they are for some instruments, yet it is the only way to really understand the ​volume information our charts display. █  HOW TO USE IT The script is very simple and has no inputs. Just add it to 1D charts and it will calculate the proportion of ​volume reported on the intraday feed over the ​​EOD ​volume. The plots show the daily values for both volumes: the teal area is the ​EOD ​volume, the orange line is the intraday ​volume. A value representing the average, cumulative intraday/​EOD ​volume percentage for the chart is displayed in the upper-right corner. Its background color changes with the percentage, with brightness levels proportional to the percentage for both the bull color (% >= 50) or the bear color (% < 50). When abnormal conditions are detected, such as missing ​volume of one kind or the other, a yellow background is used. Daily and cumulative values are displayed in indicator values and the Data Window. The indicator loads in a pane, but you can also use it in overlay mode by moving it on the chart with "Move to" in the script's "More" menu, and disabling the plot display from the "Settings/Style" tab. █  LIMITATIONS  • The script will not run on timeframes >1D because it cannot produce useful values on them.  • The calculation of the cumulative average will vary on different intraday timeframes because of the varying number of days covered by the dataset.   Variations can also occur because of irregularities in reported ​volume data. That is the reason I recommend using it on 1D charts.  • The script only calculates on historical bars because in real time there is no distinction between intraday and ​EOD feeds.  • You will see plenty of special cases if you use the indicator on a variety of instruments:    • Some instruments have no intraday ​volume, while on others it's the opposite.    • Missing information will sometimes appear here and there on datasets.    • Some instruments have higher intraday than ​​EOD ​volume.   Please do not ask me the reasons for these anomalies; it's your responsibility to find them. I supply a tool that will spot the anomalies for you — nothing more. █  FOR PINE CODERS  • This script uses a little-known feature of request.security() , which allows us to specify `"1440"` for the `timeframe` argument.   When you do, data from the 1min intrabars of the historical intraday feed is aggregated over one day, as opposed to the usual ​EOD feed used with `"D"`.  • I use gaps on my request.security() calls. This is useful because at intraday timeframes I can cumulate non- na values only.  • I use fixnan() on some values. For those who don't know about it yet, it eliminates na values from a series, just like not using gaps will do in a request.security() call.  • I like how the new switch structure makes for more readable code than equivalent if structures.  • I wrote my script using the revised recommendations in the Style Guide from the Pine v5 User Manual.  • I use the new runtime.error() to throw an error when the script user tries to use a timeframe >1D.   Why? Because then, my request.security() calls would be returning values from the last 1D intrabar of the dilation of the, let's say, 1W chart bar.   This of course would be of no use whatsoever — and misleading. I encourage all Pine coders fetching HTF data to protect their script users in the same way.   As tool builders, it is our responsibility to shield unsuspecting users of our scripts from contexts where our calcs produce invalid results.  • While we're on the subject of accessing intrabar timeframes, I will add this to the intention of coders falling victim to what appears to be   a new misconception where the mere fact of using intrabar timeframes with request.security() is believed to provide some sort of edge.   This is a fallacy unless you are sending down functions specifically designed to mine values from request.security() 's intrabar context.   These coders do not seem to realize that:    • They are only retrieving information from the last intrabar of the chart bar.    • The already flawed behavior of their scripts on historical bars will not improve on realtime bars. It will actually worsen because in real time,     intrabars are not yet ordered sequentially as they are on historical bars.    • Alerts or strategy orders using intrabar information acquired through request.security() will be using flawed logic and data most of the time.   The situation reminds me of the mania where using Heikin-Ashi charts to backtest was all the rage because it produced magnificent — and flawed — results.   Trading is difficult enough when doing the right things; I hate to see traders infected by lethal beliefs.   Strive to sharpen your "herd immunity", as Lionel Shriver calls it. She also writes: "Be leery of orthodoxy. Hold back from shared cultural enthusiasms."   Be your own trader. █  THANKS This indicator would not exist without the invaluable insights from Tim, a member of the Pine team. Thanks Tim!
Penunjuk Pine Script®
oleh LucF
14
Moses Long-term Index ETF Investing StrategyMoses is a script designed for long-term Index ETF investors. Moses Goals. 1. Alerts you when a major crash is starting or is underway (Bear Market Signal) 2. Warn you of price events in the market that may lead to increased volatility and downward price pressure (Shock Event Warning) 3. Clearly inform you when the market is in a bull phase (growing) or bear phase (decreasing) (Bull/Bear Signal) 4. Inform you if the market is showing early signs of recovery from a crash 5. Alert you to catastrophic events, which are extreme one bar price drops (typically occurring before or during a major stock market crash) Moses Logic. Moses is the product of years of testing, but the application of the logic is simple. 1. Moses is designed specifically to work on a weekly chart (5 days per bar). Do not use the scripts on daily, monthly, or intraday charts 2. Moses Uses 4 Moving Average Indicators 3. Moses uses the position of price and the moving averages to determine the state of the market (Bull/Bear/Recovery) 4. Moses uses price action to determine shock events and catastrophic event warnings 5. The script is hardcoded to start trading in 1997. Why? So that the script's primary goal of avoiding crashes is tested on 3 major crashes, the Dotcom 2000, the Financial Crisis 2008, and the Corona Crash in 2020. How Moses Works Being able to exit the market before or during a large market crash enables you to preserve a portion of your equity from decline. Buying back into the market on a Bull Market or Early Recovery Signal enables you to enter the market at a lower price. This goal is achieved during major crashes. As with all scripts, there are false signals which may incur a losing trade; you can see in the strategy tester results the % of Winning/Losing Trades. Strategy Setup In Tradingview Initial Capital $10,000 Order Size 100% of equity (this is because it is a long-term strategy with only one trade in play – you are either long or not invested, using a smaller position size means you cannot meaningfully compare a Moses strategy to a Buy & Hold Strategy) Commission is $5 per trade (this is negligible because the strategy only trades at most once per year) Slippage – 10 ticks This Script Displays the 5 Main MOSES Signals Directly On Your Chart To Help Your Investing Decision Making 1. Bull Market Signal - Green 2. Bear Market Signal - Red 3. Stock Market Recovery Signal - Amber/Yellow 4. Shock Event Warning - Shock Label on Price 5. Catastrophic Event Warning - Red Catastrophe Label Includes 5 Moses Scripts • Moses Signals 2.0 (plots all alerts directly on the price chart) • Moses Buy on Bull - Sell on Bear (Plots a buy on the first Bull Market Signal - Closes All Positions on a Bear Market Signal) • Moses Buy on Bull - Sell on Catastrophe (Plots a buy on the first Bull Market Signal - Closes All Positions on a Catastrophic event) • Moses Buy on Recovery - Sell on Catastrophe (Plots a buy on the first Recovery Signal - Closes All Positions on a Catastrophic Event) • Buy & Hold Script (Used to compare the effectiveness of the strategies versus a Buy and Hold Strategy) As the script has 3 Moses Strategies, the idea is that you choose the strategy that best fits the ETF you are trading. Moses is a long-term investing strategy that has historically outperformed the US and European Major Indices for the last 24 years. There is no guarantee of future performance. Moses has outperformed the market (buy and hold strategy) from 1997 on the: Nasdaq 100, S&P500, Russell 3000, Nasdaq Composite, EuroStoxx 50, Italian Milano Borsa, German DAX, Paris CAC40 Moses does not outperform the market on: Nifty 50, BSE Sensex, ASX 200, Chinese Market Backtested Performance Test Timeframe Jan 13 1997 - Sept 21 2021 Duration Years 24.75 Initial Investment $10,000 North America Strategy-------------------------------$ Return------------CAGR-------Total % Nasdaq 100 Buy & Hold----------------------------$176,380-----------12.30%------1664% Buy Bull - Sell Bear------------------$288,554-----------14.55%------2786% Buy Bull - Sell Catastrophe---------$202,491-----------12.92%------1925% Buy Recovery - Sell Catastrophe---$229,866-----------13.50%------2199% North America Strategy-------------------------------$ Return-----------CAGR------Total % S&P 500 Buy & Hold----------------------------$58,122-----------7.37%------481% Buy Bull - Sell Bear------------------$48,544-----------6.59%------385% Buy Bull - Sell Catastrophe $59,573-----------7.48%------496% Buy Recovery - Sell Catastrophe $64,579-----------7.83%------546% North America Strategy-------------------------------$ Return-----------CAGR------Total % Russell 3000 Buy & Hold----------------------------$61,363-----------7.61%------514% Buy Bull - Sell Bear------------------$52,957-----------6.97%------430% Buy Bull - Sell Catastrophe---------$64,027-----------7.79%------540% Buy Recovery - Sell Catastrophe---$71,565-----------8.28%------616% North America Strategy-------------------------------$ Return-----------CAGR------Total % Nasdaq Composite Buy & Hold----------------------------$112,839-----------10.29%------1028% Buy Bull - Sell Bear------------------$123,308-----------10.68%------1133% Buy Bull - Sell Catastrophe---------$107,699-----------10.08%------977% Buy Recovery - Sell Catastrophe---$112,453-----------10.27%------1025% *CAGR - Compound Annual Growth Rate From a Declaration of Principles jointly adopted by a Committee of the American Bar Association and a Committee of Publishers This work is provided to you for informational purposes only and should not be construed as an offer to buy or sell a particular security or a solicitation of offers to buy or sell a particular security. The author may make available certain information related to the potential price movement of particular securities. By reading this report or using the training materials, you acknowledge and agree that any reliance upon the content or data available is at your own sole risk. You are strongly advised to use your own judgment, your own research, and question everything. The information is generic in nature and not targeted to individuals or individual circumstances. The author is an independent investor and is not licensed to give formal Stock advice to the individual, run funds of any type, or accept fees for individual stock advice. The Author accepts no responsibility for loss of money for following any of the lessons or systems created. Trading of securities may not be suitable for all users of this information; if in doubt, seek a professional advisor. All use of this work is at your sole risk.
Penunjuk Pine Script®
oleh liberatedstocktrader
9
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
49
Super Cipher BThis is the first release of Super Cipher B. The script will get regular updates and includes a user manual. This is the first release of the script which is already powerful. The script has been designed to work as a binance futures trading bot. I only recommend using it as it is now on coins that are in a long term bullish market. I am not responsible for possible losses using this script as no script in the world can 100% guarantee to never take any losses. The script is a modified version with new strategies and functionality. The original script was published for free by VumanChu, this script is based on the original code of that script. This is a version of the script used for Binance Futures botting and will provide buy Dots which are more failsafe than the original green divergence dot in the VumanChu script. All info on how to set up the script for botting is inside the user manual: The user manual also includes my current profits on 3commas.
Penunjuk Pine Script®
oleh Honestcowboy
15
GA - Momentum DivergencesGA Momentum Divergences Script highlights Trend Strength, Overbought-Oversold Conditions, Regular-Hidden Divergences. Besides, it shows the Buying-Selling Pressure. The practical use of any Momentum Curve helps in the comprehension of: Supply-Demand Absorption. Thrusts and their shortening. The reversing and the continuation of the trend. True Strength of the Trend. Price Strength. Increase and Decrease in Buying-Selling Pressure. You choose which curve to show, according to your needs. There are 2 groups of curves. Momentum Curves GA Momentum. Commodity Channel Index ( CCI ). Relative Strength Index ( RSI ). Stochastic %K. True Strength Indicator ( TSI ). Money Flow Curves GA Money Flow. Chaikin Money Flow. Money Flow Index. Every Curve used in this script has 0 as center. This means that RSI and Stochastic Curves wave around 0 and not around 50. Fractal Algorithm for Pivots and Divergences GA Momentum script highlights Divergences. This is possible by the Fractal Calculation of Pivot Points . The sensibility of the algorithm depends on the look back and on the look forward of pivot points . This means that it does not highlight every divergence. But it marks divergences according to settings. Besides, the interpretation of those divergences depends on the experience of the trader. This feature has a particular use for the purpose to simplify and optimize. Besides, it is a very important feature provided by the GA Money Flow script. Regular and Hidden Divergences highlight the weakening and strengthening of the price behavior. They give an anticipation to price changing. Besides, they enforce the judgment on the condition that marks the price continuation. The Fractal Algorithm can also mark a Channel. This happens enveloping the Curve between its marked pivot points . Flags and lines mark Divergences in the Curve. GA Momentum Divergences highlights Regular Divergences and Hidden Divergences. Price and Momentum, Volume and Money Flow The GA Momentum script works with any marketplace. It uses price variations and volume variations, according to needs and market. Every curve available in the script is a mathematical discretization of the market. But in those marketplaces that includes the volume you can use Money Flow Curves. Where the volume is missing the Money Flow Curves return zero. In this case, a Momentum Curve is the right choice because it uses the price variations. GA Momentum and GA Money Flow are formulas built for this script. They include several peculiarities that are a privilege of other functions. This gives a better visual impact by their practical use. TSI Curve or RSI Curve are the right choices to replace Money Flow Curves where the volume is not available. In the same way, RSI Curve can replace the TSI Curve for the Trend Strength. Then, the RSI Curve is universal. It works on any marketplace giving a lot of information, using it in the right way. RSI is a slow curve. It waves above and below the middle line, according to the bullish and bearish trend . This is why it incorporates the Trend Strength in its calculation. Instead, other choices give Faster Momentum Curves that give different advantages and peculiarities. The final result and purpose do not change. Market Conditions Overbought and Oversold Conditions could not cause the immediate reversing of the trend. The changing occurs according to Thrusts and their shortening. This happens by one or more rebounds in the price action. Indeed, this marks hesitation to continue the advancing or the declining of the price. The Momentum Curve can highlight the absorption of Supply Pressure and Supporting Demand. This precedes the Climactic Point so as a Thrust during the advancing or declining of the price. True Strength and Money Flow curves follow the trend. They show where the trend is weakening or strengthening. When these curves rise together with the trend, this confirms the trend. Instead, when these curves hesitate, they are marking a changing. TSI and Money Flow have advantages. They show the continuation of the trend by its positive or negative value. Besides, they show the shortening of the trend. Moreover, the curve anticipates the shortening of the thrust. Money Flow Curves highlights the prevailing of Buying Pressure of Selling Pressure. This is possible because their formulas includes the volume . But the TSI discretization that uses prices, works giving a fair result. This returns an unconditional conclusion. The volume has a high relevance because of the correlation between effort and result. But despite this, the mathematical discretization of the market can work without it. Short and Long Signal Lines The GA Momentum plots 2 extra curves to support the market momentum interpretation. They are Exponential Moving Average applied to the momentum curve. The Short Signal Line follows the main curve and it gives the first crossing for an entry signal. Of course, this is useful only when there are the right condition for an entry point. Instead, the Long Signal Line exists to be a trending indicator. When the main curve is approaching it, rebounds, the shortening of the thrust, can mark a changing. Following the thrust, these curves become closer and closer for some waves. This becomes better visible by the plotting of the Histogram. The Histogram shows the difference between the main curve and the Long Signal Line. The distance between those curves becomes relevant and helpful in many circumstances. This highlights the changing in the Strength or Weakness of the trend. Short and Long Signal Curves can have a partial plotting. This reduces the impact of those curves on screen. The script can show them only when they give a relevant visual impact for the trading practice. Coloring GA Momentum Script colors curve and price bars. It highlights conditions where the price is Overbought or Oversold. But it highlights also divergences with labels and colored lines. The script plots colors on bars with extended prices. Besides, the script plots colors on bars that are the ending of divergences GA Momentum script colors the price bars using the same criteria applied to color curves. Color used on the Curve are the same used on the price bars. True Strength Curve and Momentum Curves color price bars. This happens for the entire Trend Strength. Then the prevailing of the Buying Pressure or Bearish Pressure is also visible on bars. This occurs by the persistent green or red colors according to Pressure and Trend. Alerts GA Momentum provides 2 alerts for Bearish and Bullish Signals. Both uses the crossing of Short and Long Signals in the same direction. Note: I restrict access to the tool. Regards Girolamo Aloe Founder of Profiting Me
Penunjuk Pine Script®
oleh girolamoaloe
2
Triple Moving Average HeatmapHi everyone I didn't publish on Friday because I was working on an Expert Advisor in MT4. The day I don't publish, some scripts spamming guys published many (not useful) scripts the same to kick me out of the TOP #1 ranking. So what I'm going to do about it? crying or sharing more quality scripts than before? :) I guess you know the answer :) I'm gonna share a few quality scripts that I have in my library. I noticed that you guys tend to like more the scripts useful for your trading actually making you money rather than a copy-paste (of another copy-paste) Alright, enough for the trolling now let's introduce the Three MA heatmap which is an upgrade of that script : MA-heatmap-Double-cross-edition/ The challenge was to keep the heatmap not rolling and to make it match with the MA cross. I did it using this ``` since_ma_buy = barssince(macrossover) since_ma_sell = barssince(macrossunder) heatmap_color() => since_ma_buy < since_ma_sell ? color.new(color.green, 20) : since_ma_buy > since_ma_sell ? color.new(color.red, 20) : na ``` This is a technique that I found after drinking three glasses of red wine (#french) to keep the heatmap stable and not rolling. To get what I'm saying I invite you to replace the piece of code above by what everyone would normally do ``` heatmap_color() => macrossunder() ? color.new(color.green, 20) : macrossover() ? color.new(color.red, 20) : na ``` Ah and I'm not done sharing for the day, a few scripts are coming also after that one and tonight !!!!! I want to live in a world where you guys can enjoy quality scripts (mostly) :) PS ____________________________________________________________ Feel free to hit the thumbs up as it shows me that I'm not doing this for nothing and will motivate to deliver more quality content in the future. - I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies Jump on a 1 to 1 coaching with me - You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Penunjuk Pine Script®
oleh Daveatt
6
Dragon-Bot - Default ScriptDragon-Script is a framework to make it as easy as possible to test your own strategies and set alerts for external execution bots. This is the alerts version of the script. The script has many features build in, like: 1) A ping/pong mechanism between longs and shorts 2) A stop-loss 3) Trailing Stops with several ways to calculate them. 4) 2 different ways to flip from long to short. The script is divided into several parts. The first part of the script is used to set all the variables. You should normally never change the first part except for the comments at the top. The second part of the script is the part where you initialise all your indicators. Several indicators can be found on Tradingview and on other sites. Please keep in mind that all the variable names used in the indicator should be unique. (all the … = … parts) The third part of the script, is the most important part of the script. Here you can create the entry and exit points. Let’s look at the OPENLONG function to explain this part: The first variables are all the possible entries; These are longentry1 till longentry5. You can add many more if you like. The variables are all initialised as being false. This way the script can set a value to true if an entry happens. The if function is the actual logic: You could say “if this is true” then (the line below the if function) longentry1 := (becomes) true. In this case we have said: “if this is true” then (the line below the if function) longentry1 := (becomes) true when the current close is larger than the close that is 1 back. The last part is the makelong_funct. This part says that if any of the entries are true, the whole function is true. The last part of the script is the actual execution. Here the alerts are plotted and the back test strategies are opened and closed. We hope you guys like it and all feedback is welcome!
Penunjuk Pine Script®
oleh Dragon-Bot
1
CMYK RMI TRIPLE Automated strategy▼ This is the strategy version of the script. ◊ Introduction This script makes use of three RMI 's, that indicate Overbought/Oversold on different timescales that correspond with Frequency’s that move the market. ◊ Origin The Relative Momentum Index was developed by Roger Altman and was introduced in his article in the February, 1993 issue of Technical Analysis of Stocks & Commodities magazine. While RSI counts up and down ticks from close to close, the Relative Momentum Index counts up and down ticks from the close relative to a close x number of days ago. This results in an RSI that is smoother, and has another setting for fine tuning results. This bot originated out of Project XIAM , an investigative script that outlined my approach towards Automated Trading Strategies. Are you interested in writing bots yourself ? check out the beta version of this script. It has many bugs, but also most of the Skeleton. ◊ Usage This script is intended for Automated Trading with AUTOVIEW or TVAUTOTRADER , on the 1 minute chart. ◊ Features Summary Overlay Mode Indicator Mode Three RMI's  Trend adjustment Pyramiding Ignore first entries Take Profit  Stop Loss Interval between Entries Multiring Fix Alert signal Seperation ◊ Community Wanna try this script out ? need help resolving a problem ? CMYK :: discord.gg AUTOVIEW :: discordapp.com TRADINGVIEW UNOFFICIAL :: discord.gg ◊ Setting up Autoview Alerts Use the study version of this script, To set up The Alerts Autoview Picks up on. The Signals to work with are : Open 1 Long Use this to open one Long Position. With quantity being : / Once per bar Being larger than 0 Comment example : e=exchange b=long q=amount t=market Open 1 Short Use this to open one Short Position. With quantity being : / Once per bar Being larger than 0 Comment example : e=exchange b=short q=amount t=market Close1 Position Use this to Close The amount of one Open Position. With quantity* being : / Once per bar Being larger than 0 Comment example : e=exchange c=position q=amount t=market *Beware when using a percental % quantity, instead of an absolute quantity. Percental Quantities are based on the , Not And will change in absolute value relative to the amount of open trades. Close All positions Use this to Close All Open Positions. With quantity being : Once per bar Being larger than 0 Comment example : e=exchange c=position t=market For the specific Syntax used in the comment of the alert, visit Autoview . ◊ Setting up TVAutotrader Use the strategy version of this script, And load it into TVAT . ◊ Backtesting Use the strategy version of this script for backtesting. ◊ Contact Wanna try this script out ? need help resolving a problem ? CMYK :: discord.gg
Strategi Pine Script®
oleh MVPMC
37
WOW Intraday Tracker by Dev🎯 WOW Intraday Tracker: Professional Trade Execution & R/R Analysis The WOW Intraday Tracker (V1.30 Final) is an advanced, invite-only tool built for disciplined intraday trading. It transforms market signals into a fully managed trade, providing both real-time execution confidence and objective performance review. ************************************************************************************ ✨ Core Execution Features The Tracker automates the most critical aspects of trade management: Automatic Entry Trigger: The script uses a proprietary multi-factor scoring system to identify high-probability setups. Once a trade signal is validated and its Score meets the Activation Threshold (which is visible in the Running Trade Table), the entry order (Long or Short) is automatically triggered and monitored. Trade Grade Qualification: Crucially, every setup is assigned a Trade Grade (A+, A, or B) before entry, based on structural confluence, allowing traders to qualify the setup quality instantly. Initial SL & Multiple Targets (TGTs): All trades are established with risk-defined parameters from the start. Initial Stop-Loss (SL): Automatically calculated based on user-defined ATR Multiples to align risk with current volatility. Multiple Take-Targets (TGTs): Two distinct target levels (TGT1 and TGT2) are set based on user-defined R-Multiples (Risk-to-Reward ratios) to facilitate a partial profit-taking strategy. Dynamic Trailing & Stop Adjustment: As the trade progresses, the script automatically manages risk, adjusting the stop-loss upon TGT hits to lock in profit. Signal Cancellation Feature: To protect capital, the script actively monitors the signal's health. If the internal trade score drops below the configurable Cancellation Threshold before entry, the pending order is automatically invalidated and cleared. ⚖️ Trade Exit and Weighted R/R Assumptions The script's primary function is to track and calculate a Weighted Risk-to-Reward (R/R) based on a predetermined exit plan: Target 1 (T1): 30% of the original position. Stop is adjusted to protect profits. Target 2 (T2): Another 30% of the original position. Trailing Stop begins based on a volatility factor. Final Exit: Rest 40% of the original position. Exited when the Trailing Stop is hit. Important Note: The Trailing Stop is tracked on a closing basis within the script. While you can choose to exit the trade manually on a hit basis or book profits based on your personal judgment, the script's final Weighted R/R calculation is based on the assumption that the position exits as detailed above. ************************************************************************************** 📊 Global R/R Tracker Table (Performance by Grade) This powerful feature provides objective, actionable data for trade review. It continuously tallies your performance, broken down by the quality (Grade) of the trade setup. The table tracks performance for A+, A, and B grade setups, plus a TOTAL row, based on your chosen lookback (Full History or Day Start) By separating performance by Grade, you gain a clear, evidence-based understanding of which setups truly deserve your capital and focus. ************************************************************************************* 🎨 Advanced Customization & Styling The WOW Intraday Tracker offers extensive control over the look and feel of your workspace to ensure maximum clarity and minimal chart clutter. Table Positioning: Freely select the on-chart location (Top Right, Bottom Left, etc.) for all three tables. Theming: Customize the background and text colors for all tables, including the dynamic green/red backgrounds of the Global R/R Tracker. Plot Lines: Full color control over all plotted trade lines: PDH/PDL, Entry Price, Initial Stop, Trailing Stop, and Targets. ********************************************************************************* ⏱️ Usage & Recommended Timeframes The WOW Intraday Tracker is primarily designed and optimized for high-frequency, short-term intraday trading. Recommended Timeframes: For optimal performance, we recommend using the script on lower-to-mid-range intraday timeframes: 5-minute, 15-minute, and 25 (or 30) minutes. Intended Use: While the script can be applied to higher timeframes, its main purpose is to capture volatility and quick moves within the trading day. Swing Trading: In rare instances, the tracker may generate signals suitable for a short-term swing trade (1-2 days), but this is secondary to its core intraday function. ******************************************************************************************** 🔑 Access Note The WOW Intraday Tracker utilizes proprietary logic within its scoring system and is published as an invite-only script. The source code is protected to maintain the integrity and value of the intellectual property. To inquire about access, please contact the author directly via TradingView Private Message on this profile.
Penunjuk Pine Script®
oleh Dev9939
2
RSS-Stochastik [afterworktrading]Hi all, this is the first script from the series "afterworktrading". The goal is to develop and provide tools for traders with a fulltime job or little time for trading/analyzing charts. Over time some of the scripts will also be linked to complete trading systems. Let's start with my favourite one, the "RSS-Stochastik" with alert function. The RSS-concept (Relative Spread Strength, developed by Ian Copsey) is based on the variance between a "short" and a "long" moving averages (or "slow" and "fast"), here between two EMA. This variance is calculated and plotted in a RSI-diagram to show "overbought" and "oversold" conditions, helping to identify an ideal entry setup for trend continuation or catching a possible reversal. Compared to the conventional RSI etc., possible reversal or trend continuation areas are often better represented in terms of quality, as an example see the Amazon-Chart. The EMA-values, limit value thresholds and background colors can be set in the script. As a special feature, alarms can be set to be notified when a value has reached the extreme range. This reduces the screen time to the minimum. In my personal trading, this indicator forms the basis for almost all trades, but is not a pure signal indicator on its own. However, the informative value can be further improved if volume or support/resistance zones etc. are linked to the RSS, see example NASDAQ future with support zone price or 200 EMA. Example for a possible RSS-Trade-Setup: - choose an asset with a strong trend - set alerts for crossing the oversold or overbought condition in direction of the trend - in case of an alert check possible support/resistance areas on the current chart level (EMA, price zones, volume zones, anchored VWAP etc.) - trade in the direction of the trend using your preferred entry setup In my opinion, the system can be used very well, especially in trend phases, in order to obtain optimal entries. Does it works also on lower timeframes? Yes, it might work on every timeframe with a strong trend of high quality. Please see attached a 5m-Chart of GPBUSD-pair, notice the signal quality in direction of the trend. Like every trading system this is not the "holy grail setup" and you will have losing trades. But handling this indicator with care you can have better entries especially in trend direction with less screen time due to the alert function. Good luck with it! Further indicators will be published in the coming months, some will also be based on the RSS system. As always: no liability for losing trades, no investment advice etc. Observe the risk limit for every trade!
Penunjuk Pine Script®
oleh Arne_80
MMTools - Backtester❖ Overview Backtester is a script implemented as a strategy, featuring multiple conditions and tools to offer an alternative way to work with Catcher. It supports both backtesting and algorithmic trading, allowing you to evaluate the indicator's performance on historical data for any instrument using the Strategy Tester. ❖ Settings ⚙️ Custom Conditions and Signals This section is intended to provide flexibility when working with Catcher. (If you intend to use Catcher alone, this section can be disregarded). You may combine the primary indicator (Catcher) with additional custom indicators to define entry and exit signals. Simply add the custom indicator to your chart, display it and then select its name in the corresponding dropdown menu. By default, the 'Close' option is selected, meaning custom conditions are disabled. Operator 'OR': An entry order is activated when either your custom signal or the primary signal occurs. Operator 'AND': An entry order is activated only when both the custom and primary signals occur simultaneously. If both 'AND' and 'OR' operators are used, enabling the 'Only Primary' option will apply the 'AND' operator only to the primary indicator. Custom Exit: Allows the strategy to close a position based on a custom signal, in addition to standard exit conditions. The first condition met will trigger the exit. Note: The strategy executes orders at the open of the next bar after the custom condition is met. ⚙️ Confirmation When enabled, the strategy will enter a position only if a specified number of signals occur within a defined lookback period. ⚙️ Exits Two types of exit mechanisms are available for take-profit and stop-loss: Timeout: Sets a maximum duration (in bars) that a trade can remain open. If this limit is exceeded, the strategy will close the position. Percentage-Based: Exit positions based on a specified percentage move. ⚙️ Start Date Specifies the starting point for the backtest. ⚙️ Plotting The green line represents the take-profit level, while the red line indicates the stop-loss level. Plotting is limited to the last 250 bars. ⚙️ Other Settings Remember to configure additional parameters under the “Properties” tab, including commissions, slippage, and pyramiding. Default commission is set at 0.05%. ❖ Access Please refer to the Author's Instructions field to request access to the script. ----------------------------------------------------------- Disclaimer The information provided by my scripts is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Always do your own research before making financial decisions.
Strategi Pine Script®
oleh MMTools
ZenAlgo - Golden VeinOverview and Motivation This indicator combines multiple volume-weighted average price (VWAP) calculations from different timeframes and then merges them into a single composite line called “the Vein”. It begins by pulling a user-defined source (for instance, a typical price) and then anchors a VWAP on daily, weekly, monthly, quarterly, semiannual, and yearly intervals. By viewing all these timeframes together, the script captures multi-period trends in a way that stands apart from simpler, single-timeframe VWAP indicators. This comprehensive perspective is designed to offer practical benefits to those who monitor both short- and long-term VWAP behavior within a single tool. Because it tracks many timeframes simultaneously, it can highlight instances when short-term and long-term VWAPs converge or diverge. Traders who need multi-timeframe validation may find this approach particularly helpful. Other free indicators typically restrict themselves to one or two timeframes, so the built-in multi-timeframe data in this script can save effort for those who rely heavily on VWAP analysis. Core Inputs and Offsets At the start, the script takes a single price input (e.g., the average of high, low, and close) and uses it to compute multiple VWAP lines. Users can also choose a distance factor (based on an ATR calculation) to control how far labels are placed from any crossover events. This distance sets how clearly the chart will display labels without overcrowding. Beyond giving a cleaner visual, having a user-defined distance for labels means the script can adapt to any ticker’s volatility. If one trades assets with large intraday swings, the script leaves enough space for labels to remain readable. This flexibility is something that simpler free VWAP scripts might lack. Multi-Timeframe VWAP Computations The script calculates distinct VWAP lines: Daily, Weekly, Monthly, Quarterly (3-Month), Semiannual (6-Month), and Yearly (12-Month). Each line resets whenever it detects a new period has started, ensuring that each timeframe’s VWAP properly anchors to its own session window. This allows the indicator to track how the market perceives fair value (through VWAP) on multiple horizons, all at once. Simultaneously checking these various intervals can offer added clarity to traders who want to compare immediate market conditions (e.g., daily) to broader contexts (e.g., quarterly or yearly). Tools that only show one or two timeframes may miss the nuances that arise when, say, daily VWAP aligns with monthly VWAP at a turning point. Crossover Detection and Labeling Whenever two different VWAP lines intersect, the script generates an internal crossover signal. It then draws small labels (e.g., D↑W or M↓Q) to highlight that a lower timeframe VWAP has moved above or below a higher timeframe VWAP. These labels use color-coding and an ATR-based offset to remain visible. An additional subtle feature is how daily VWAP crossovers can optionally be displayed only on a specific weekday and hour. That allows users who only want to track daily crossovers under certain conditions (for example, a fixed point in the weekly cycle) to filter out other signals. This adaptability can be worth paying for if one needs advanced filtering—an area where simpler free VWAP cross indicators typically do not offer such granular control. The “Golden VWAP” (Composite Calculation) All six VWAP lines (daily, weekly, monthly, quarterly, semiannual, yearly) feed into a central average called “the Vein”. The script takes the midpoint of these six values on each bar, effectively combining short-, medium-, and long-term VWAP data into one. This composite serves as a reference line for overall market direction. A volatility band (either a standard-deviation-based range or a user-defined percentage) wraps around this composite. The script thereby creates an upper and a lower boundary around the Golden VWAP, called “Resistance” and “Support.” Traders may interpret price moves beyond these levels as higher-probability expansions or contractions, but there is no guarantee of outcome. In choppier markets, breakouts above or below these bands might not lead to follow-through, so interpretation should always be combined with other evidence. Simplified Market State Logic By checking how price and the Golden VWAP behave from one bar to the next, the script tags the market state with labels like Bullish, Bearish, Super Bullish, or Super Bearish. These classifications hinge on whether the Golden VWAP is rising or falling, and whether price has crossed above or below the composite band. An optional table in the lower-left corner of the chart displays this label. While such classification is convenient for scanning changing conditions quickly, it should be interpreted with caution. If the market is sideways or if volume patterns are erratic, the script can produce signals that do not align with real momentum. Treat these states as indications of potential bias rather than automatic buy or sell triggers. Added Value By gathering VWAP lines across multiple timeframes, generating alerts on all possible combinations of crossovers, and overlaying a composite VWAP with adjustable volatility bands, this script goes beyond typical single-timeframe VWAP indicators. It aims to let users track short-term shifts (e.g., daily crossing weekly) in the context of longer-term trends (e.g., yearly). This granularity and automation can reduce the need for multiple charts or manual recalculations of different VWAP windows. Why It Can Be Worth Paying For The capability to simultaneously anchor VWAP to multiple timeframes, detect crossovers, filter out daily signals by weekday/hour, and visualize a composite “Vein” with adjustable ranges represents a comprehensive feature set that free scripts often do not bundle together. For those who rely on multi-timeframe VWAP analysis, the time saved and clarity gained may justify a paid solution. Interpreting Values Crossover labels: Identify points where one timeframe’s VWAP moves above or below another. The direction (up or down) suggests potential momentum shifts. Golden VWAP line: Treat it as the average “fair value” across all anchored periods. Large price moves above or below this line’s surrounding band might signal increased directional conviction—or false breakouts if volume is deceptive. Market states: Use the Bullish/Super Bullish/Bearish/Super Bearish labels to gauge how price interacts with the composite’s slope and band. How to Use It Best Combine these signals with other risk-management methods. Monitor multiple crossovers in tandem: for example, daily crossing weekly plus monthly crossing quarterly may offer stronger confluence. Use the optional daily-label toggle to stay focused on selected higher-confidence signals if you find too many crossovers distracting. Remember that every alert or label should be evaluated in broader market context and your own trading strategy. Potential Shortcomings As with any technical study, VWAP lines and crossovers are not foolproof predictors. The script can be less reliable in low-volume or fast-moving conditions. Large price shocks can cause abrupt changes that do not fit the typical patterns this indicator looks for. In short, this script’s distinct advantage is showing multiple anchored VWAPs and a composite perspective in one place, offering fine control of alerts and appearance settings. Those who benefit most are chartists who want deeper VWAP insights across various timescales without juggling multiple separate indicators. However, like any technical tool, it should be understood as an aid rather than a guarantee of outcomes.
Penunjuk Pine Script®
oleh ZenAlgo_Official
Day’s Open ForecastOverview This Pine Script indicator combines two primary components: 1. Day’s Open Forecast: o Tracks historical daily moves (up and down) from the day’s open. o Calculates average up and down moves over a user-defined lookback period. o Optionally includes standard deviation adjustments to forecast potential intraday levels. o Plots lines on the chart for the forecasted up and down moves from the current day's open. 2. Session VWAP: o Allows you to specify a custom trading session (by time range and UTC offset). o Calculates and plots a Volume-Weighted Average Price (VWAP) during that session. By combining these two features, you can gauge potential intraday moves relative to historical behavior from the open, while also tracking a session-specific VWAP that can act as a dynamic support/resistance reference. How the Code Works 1. Collect Daily Moves o The script detects when a new day starts using time("D"). o Once a new day is detected, it stores the previous day’s up-move (dayHigh - dayOpen) and down-move (dayOpen - dayLow) into arrays. o These arrays keep track of the last N days (default: 126) of up/down move data. 2. Compute Statistics o The script computes the average (f_average()) of up-moves and down-moves over the stored period. o It also computes the standard deviation (f_stddev()) of up/down moves for optional “forecast bands.” 3. Forecast Lines o Plots the current day’s open. o Plots the average forecast lines above and below the open (Avg Up Move Level and Avg Down Move Level). o If standard deviation is enabled, plots additional lines (Avg+StdDev Up and Avg+StdDev Down). 4. Session VWAP o The script detects the start of a user-defined session (via input.session) and resets accumulation of volume and the numerator for VWAP. o As each bar in the session updates, it accumulates volume (vwapCumulativeVolume) and a price-volume product (vwapCumulativeNumerator). o The session VWAP is then calculated as (vwapCumulativeNumerator / vwapCumulativeVolume) and plotted. 5. Visualization Options o Users can toggle standard deviation usage, historical up/down moves plotting, and whether to show the forecast “bands.” o The vwapSession and vwapUtc inputs let you adjust which session (and time zone offset) the VWAP is calculated for. ________________________________________ How to Use This Indicator on TradingView 1. Create a New Script o Open TradingView, then navigate to Pine Editor (usually found at the bottom of the chart). o Copy and paste the entire code into the editor. 2. Save and Add to Chart o Click Save (give it a relevant title if you wish), then click Add to chart. o The indicator will appear on your chart with the forecast lines and VWAP. o By default, it is overlayed on the price chart (because of overlay=true). 3. Customize Inputs o In the indicator’s settings, you can:  Change lookback days (default: 126).  Enable or disable standard deviation (Include Standard Deviation in Forecast?).  Adjust the standard deviation multiplier.  Choose whether to plot bands (Plot Bands with Averages/StdDev?).  Plot historical moves if desired (Plot Historical Up/Down Moves for Reference?).  Set your custom session and UTC offset for the VWAP calculation. 4. Interpretation o “Current Day Open” is simply today’s open price on your chart. o Up/Down Move Lines: Indicate a potential forecast based on historical averages.  If standard deviation is enabled, the second set of lines acts as an extended range. o VWAP: Helpful for determining intraday price equilibrium over the specified session. Important Notes / Best Practices • The script only updates the historical up/down move data once per day (when a new day starts). • The VWAP portion resets at the start of the specified session each day. • Standard deviation multiplies the average up/down range, giving you a sense of “volatility range” around the day’s open. • Adjust the lookback length (dayCount) to balance how many days of data you want to average. More days = smoother but possibly slower to adapt; fewer days = more reactive but potentially less reliable historically. Educational & Liability Disclaimers 1. Educational Disclaimer o The information provided by this indicator is for educational and informational purposes only. It is a technical analysis tool intended to demonstrate how to use historical data and basic statistics in Pine Script. 2. No Financial Advice o This script does not constitute financial or investment advice. All examples and explanations are solely illustrative. You should always do your own analysis before making any investment decisions. 3. No Liability o The author of this script is not liable for any losses or damages—monetary or otherwise—that may occur from the application of this script. o Past performance does not guarantee future results, and you should never invest money you cannot afford to lose. By adding this indicator to your TradingView chart, you acknowledge and accept that you alone are responsible for your own trading decisions. Enjoy using the “Day’s Open Forecast” and Session VWAP for better market insights!
Penunjuk Pine Script®
oleh SnipeTheDipNDieRich
3
[blackcat] L2 Six Round Positioning█ OVERVIEW The script is an indicator designed to plot the direction (up, down, no change) of several moving averages (MA) on a separate chart, without overlaying the price data. It calculates Simple Moving Averages (SMA) for 3, 5, 8, 34, 60, 120, and 250 periods and uses conditional logic to determine the color and position of the plotted columns based on whether each MA is increasing, decreasing, or unchanged. █ LOGICAL FRAMEWORK The script is structured into three main sections: 1 — Input Parameters: None explicitly defined, but the script uses default settings for the indicator function. 2 — Calculations: Computes Simple Moving Averages (SMA) for seven different periods. 3 — Plotting: Uses conditional logic to plot columns representing the direction of each MA, with positions and colors indicating whether the MA is increasing, decreasing, or unchanged. The flow of data is straightforward: the script calculates the SMAs, determines their direction, sets the appropriate color, and then plots the columns. █ CUSTOM FUNCTIONS • No custom functions are defined in this script. All calculations and plotting are done using built-in Pine Script functions such as ta.sma for SMA calculation and plot for plotting. █ KEY POINTS AND TECHNIQUES • Use of ta.sma: The script effectively uses the ta.sma function to calculate Simple Moving Averages for different periods. • Conditional Logic: The script employs conditional logic (ternary operators) to determine the color and position of the plotted columns based on the direction of each MA. • Plotting with plot: The plot function is used extensively to display the direction of each MA with different colors and positions. • Color Transparency: The use of color.new with transparency (e.g., color.new(color.green, 50)) allows for visually distinct colors that are not too overpowering. █ EXTENDED KNOWLEDGE AND APPLICATIONS • Modifications: The script could be enhanced by adding input parameters to allow users to customize the periods of the moving averages, colors, and transparency levels. • Extensions: Similar techniques could be applied to other types of moving averages (e.g., EMA, WMA) or to other technical indicators. • Strategy Development: This indicator could serve as a component in a larger trading strategy by providing insights into the overall trend direction across multiple timeframes. • Related Concepts: Understanding of moving averages, conditional logic, and plotting techniques in Pine Script would be beneficial for further development and customization of this script.
Penunjuk Pine Script®
oleh blackcat1402
Top-Down Trend and Key Levels with Swing Points//by antaryaami0 Overview The “Top-Down Trend and Key Levels with Swing Points” indicator is a comprehensive tool designed to enhance your technical analysis by integrating multiple trading concepts into a single, easy-to-use script. It combines higher timeframe trend analysis, key price levels, swing point detection, and ranging market identification to provide a holistic view of market conditions. This indicator is particularly useful for traders who employ multi-timeframe analysis, support and resistance levels, and price action strategies. Key Features 1. Higher Timeframe Trend Background Shading: • Purpose: Identifies the prevailing trend on a higher timeframe to align lower timeframe trading decisions with the broader market direction. • How it Works: The indicator compares the current higher timeframe close with the previous one to determine if the trend is up, down, or ranging. • Customization: • Trend Timeframe: Set your preferred higher timeframe (e.g., Daily, Weekly). • Up Trend Color & Down Trend Color: Customize the background colors for uptrends and downtrends. • Ranging Market Color: A separate color to indicate when the market is moving sideways. 2. Key Price Levels: • Previous Day High (PDH) and Low (PDL): • Purpose: Identifies key support and resistance levels from the previous trading day. • Visualization: Plots horizontal lines at PDH and PDL with labels. • Customization: Option to show or hide these levels and customize their colors. • Pre-Market High (PMH) and Low (PML): • Purpose: Highlights the price range during the pre-market session, which can indicate potential breakout levels. • Visualization: Plots horizontal lines at PMH and PML with labels. • Customization: Option to show or hide these levels and customize their colors. 3. First 5-Minute Marker (F5H/F5L): • Purpose: Marks the high or low of the first 5 minutes after the market opens, which is significant for intraday momentum. • How it Works: • If the first 5-minute high is above the Pre-Market High (PMH), an “F5H” label is placed at the first 5-minute high. • If the first 5-minute high is below the PMH, an “F5L” label is placed at the first 5-minute low. • Visualization: Labels are placed at the 9:35 AM candle (closing of the first 5 minutes), colored in purple by default. • Customization: Option to show or hide the marker and adjust the marker color. 4. Swing Points Detection: • Purpose: Identifies significant pivot points in price action to help recognize trends and reversals. • How it Works: Uses left and right bars to detect pivot highs and lows, then determines if they are Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), or Lower Lows (LL). • Visualization: Plots small markers (circles) with labels (HH, LH, HL, LL) at the corresponding swing points. • Customization: Adjust the number of left and right bars for pivot detection and the size of the markers. 5. Ranging Market Detection: • Purpose: Identifies periods when the market is consolidating (moving sideways) within a defined price range. • How it Works: Calculates the highest high and lowest low over a specified period and determines if the price range is within a set percentage threshold. • Visualization: Draws a gray box around the price action during the ranging period and labels the high and low prices at the end of the range. • Customization: Adjust the range detection period and threshold, as well as the box color. 6. Trend Coloring on Chart: • Purpose: Provides a visual cue for the short-term trend based on a moving average. • How it Works: Colors the candles green if the price is above the moving average and red if below. • Customization: Set the moving average length and customize the uptrend and downtrend colors. How to Use the Indicator 1. Adding the Indicator to Your Chart: • Copy the Pine Script code provided and paste it into the Pine Script Editor on TradingView. • Click “Add to Chart” to apply the indicator. 2. Configuring Inputs and Settings: • Access Inputs: • Click on the gear icon next to the indicator’s name on your chart to open the settings. • Customize Key Levels: • Show Pre-Market High/Low: Toggle on/off. • Show Previous Day High/Low: Toggle on/off. • Show First 5-Minute Marker: Toggle on/off. • Set Trend Parameters: • Trend Timeframe for Background: Choose the higher timeframe for trend analysis. • Moving Average Length for Bar Color: Set the period for the moving average used in bar coloring. • Adjust Ranging Market Detection: • Range Detection Period: Specify the number of bars to consider for range detection. • Range Threshold (%): Set the maximum percentage range for the market to be considered ranging. • Customize Visuals: • Colors: Adjust colors for trends, levels, markers, and ranging market boxes. • Label Font Size: Choose the size of labels displayed on the chart. • Level Line Width: Set the thickness of the lines for key levels. 3. Interpreting the Indicator: • Background Shading: • Green Shade: Higher timeframe is in an uptrend. • Red Shade: Higher timeframe is in a downtrend. • Gray Box: Market is ranging (sideways movement). • Key Levels and Markers: • PDH and PDL Lines: Represent resistance and support from the previous day. • PMH and PML Lines: Indicate potential breakout levels based on pre-market activity. • F5H/F5L Labels: Early indication of intraday momentum after market open. • Swing Point Markers: • HH (Higher High): Suggests bullish momentum. • LH (Lower High): May indicate a potential bearish reversal. • HL (Higher Low): Supports bullish continuation. • LL (Lower Low): Indicates bearish momentum. • Ranging Market Box: • Gray Box Around Price Action: Highlights consolidation periods where breakouts may occur. • Range High and Low Labels: Provide the upper and lower bounds of the consolidation zone. 4. Applying the Indicator to Your Trading Strategy: • Trend Alignment: • Use the higher timeframe trend shading to align your trades with the broader market direction. • Key Levels Trading: • Watch for price reactions at PDH, PDL, PMH, and PML for potential entry and exit points. • Swing Points Analysis: • Identify trend continuations or reversals by observing the sequence of HH, HL, LH, and LL. • Ranging Market Strategies: • During ranging periods, consider range-bound trading strategies or prepare for breakout trades when the price exits the range. • Intraday Momentum: • Use the F5H/F5L marker to gauge early market sentiment and potential intraday trends. Practical Tips • Adjust Settings to Your Trading Style: • Tailor the indicator’s inputs to match your preferred timeframes and trading instruments. • Combine with Other Indicators: • Use in conjunction with volume indicators, oscillators, or other technical tools for additional confirmation. • Backtesting: • Apply the indicator to historical data to observe how it performs and refine your settings accordingly. • Stay Updated on Market Conditions: • Be aware of news events or economic releases that may impact market behavior and the effectiveness of technical levels. Customization Options • Time Zone Adjustment: • The script uses “America/New_York” time zone by default. Adjust the timezone variable in the script if your chart operates in a different time zone. var timezone = "Your/Timezone" • Session Times: • Modify the Regular Trading Session and Pre-Market Session times in the indicator settings to align with the trading hours of different markets or exchanges. • Visual Preferences: • Colors: Personalize the indicator’s colors to suit your visual preferences or to enhance visibility. • Label Sizes: Adjust label sizes if you find them too intrusive or not prominent enough. • Marker Sizes: Further reduce or enlarge the swing point markers by modifying the swing_marker_size variable. Understanding the Indicator’s Logic 1. Higher Timeframe Trend Analysis: • The indicator retrieves the closing prices of a higher timeframe using the request.security() function. • It compares the current higher timeframe close with the previous one to determine the trend direction. 2. Key Level Calculation: • Previous Day High/Low: Calculated by tracking the highest and lowest prices of the previous trading day. • Pre-Market High/Low: Calculated by monitoring price action during the pre-market session. 3. First 5-Minute Marker Logic: • At 9:35 AM (end of the first 5 minutes after market open), the indicator evaluates whether the first 5-minute high is above or below the PMH. • It then places the appropriate label (F5H or F5L) on the chart. 4. Swing Points Detection: • The script uses ta.pivothigh() and ta.pivotlow() functions to detect pivot points. • It then determines the type of swing point based on comparisons with previous swings. 5. Ranging Market Detection: • The indicator looks back over a specified number of bars to find the highest high and lowest low. • It calculates the percentage difference between these two points. • If the difference is below the set threshold, the market is considered to be ranging, and a box is drawn around the price action. Limitations and Considerations • Indicator Limitations: • Maximum Boxes and Labels: Due to Pine Script limitations, there is a maximum number of boxes and labels that can be displayed simultaneously. • Performance Impact: Adding multiple visual elements (boxes, labels, markers) can affect the performance of the script on lower-end devices or with large amounts of data. • Market Conditions: • False Signals: Like any technical tool, the indicator may produce false signals, especially during volatile or erratic market conditions. • Not a Standalone Solution: This indicator should be used as part of a comprehensive trading strategy, including risk management and other forms of analysis. Conclusion The “Top-Down Trend and Key Levels with Swing Points” indicator is a versatile tool that integrates essential aspects of technical analysis into one script. By providing insights into higher timeframe trends, highlighting key price levels, detecting swing points, and identifying ranging markets, it equips traders with valuable information to make more informed trading decisions. Whether you are a day trader looking for intraday opportunities or a swing trader aiming to align with the broader trend, this indicator can enhance your chart analysis and trading strategy. Disclaimer Trading involves significant risk, and it’s important to understand that past performance is not indicative of future results. This indicator is a tool to assist in analysis and should not be solely relied upon for making trading decisions. Always conduct thorough research and consider seeking advice from financial professionals before engaging in trading activities.
Penunjuk Pine Script®
oleh antaryaami0
1
Candle Average PriceOverview The Candle Average Price indicator is a custom tool designed to help traders identify key price levels by calculating and displaying the average price of recent candles on your TradingView chart. This indicator computes the average price based on a user-defined percentage of each candle's range over a specified number of candles. It then plots a horizontal line representing this average, covering only the last N candles as defined by you. Key Features Customizable Number of Candles: Define how many past candles to include in the average calculation. Adjustable Percentage Level: Choose any percentage of each candle's range (from low to high) to calculate the price level. Dynamic Horizontal Line: The indicator plots a horizontal line representing the calculated average, updating with each new bar and covering only the specified number of candles. How It Works Price at Specified Percentage: For each candle, the indicator calculates a price level at your chosen percentage within the candle's range. Formula: Price = Low + (Percentage Level / 100) * (High - Low) Average Price Calculation: It computes the average of these price levels over the last N candles. Formula: Average Price = Sum of Price Levels over N Candles / N Horizontal Line Plotting: A horizontal line is drawn at the calculated average price level. The line spans from N candles ago to the current candle, covering exactly the number of candles specified. Input Parameters Number of Candles (length): Description: The number of recent candles over which the average is calculated. Default Value: 4 Range: 1 to any positive integer. Usage: Adjust this to include more or fewer candles in the calculation. A higher number smooths the average, while a lower number makes it more responsive to recent price changes. Percentage Level (%): Description: The percentage within each candle's range to calculate the price level. Default Value: 50% Range: 0% (candle low) to 100% (candle high). Usage: Modify this to focus on different parts of each candle: 0%: Uses the low of each candle. 50%: Uses the midpoint of each candle. 100%: Uses the high of each candle. Custom Percentage: Any value between 0% and 100% to target specific levels. How to Use the Indicator Adding the Indicator to Your Chart: Open the TradingView chart of your preferred financial instrument. Click on Indicators at the top of the chart. Select Invite-Only Scripts if you've saved the script there, or use the Pine Editor to paste and apply the script. Configuring the Settings: After adding the indicator, click on the gear icon ⚙️ next to its name to open settings. Adjust the Number of Candles (length) to your desired period. Set the Percentage Level (%) (percentage) to the specific level within each candle's range you want to analyze. Interpreting the Horizontal Line: The horizontal line represents the average price calculated based on your inputs. It updates with each new bar, always reflecting the most recent data over the specified number of candles. The line only spans the last N candles, providing a focused view of recent price action. Practical Applications Identifying Support and Resistance Levels: The average price line can act as a dynamic support or resistance level. Traders can watch for price reactions around this line to make trading decisions. Trend Analysis: Observing how the price interacts with the average line can provide insights into the current trend's strength and potential reversals. Entry and Exit Signals: Use the line as a reference point for setting stop-loss orders or taking profits. Combine it with other indicators for more robust trading signals. In highly volatile markets, consider increasing the number of candles to avoid false signals. Limitations and Considerations Not a Standalone Tool: This indicator should not be used in isolation for making trading decisions. Always consider additional analysis. Market Conditions Matter: The indicator may perform differently in trending markets versus ranging markets. Data Refresh: Ensure you have a stable internet connection and that your TradingView chart is set to the correct time frame. Conclusion The Candle Average Price indicator is a flexible and user-friendly tool that provides valuable insights into recent price action by calculating the average price based on your specific criteria. By adjusting the parameters to suit your trading style, you can incorporate this indicator into your technical analysis to help identify potential trading opportunities. Disclaimer: Trading financial instruments involves risk, and past performance is not indicative of future results. This indicator is a tool to assist in analysis and should not be considered financial advice. Happy Trading!
Penunjuk Pine Script®
oleh shkspr
Smart Money Concepts (SMC)Introductions: Before explaining the functions of this indicator to you, we need to talk about what theoretical knowledge we need to have. Many different price approaches have been developed over the decades with different analysis methods and are still evolving. Some theories used in classical trend analysis methods are interpreted or blended with different perspectives over time and we try to make more successful analyses by having a consistent market reading strategy. While analyzing the classical market structure with the price action method, some issues that are missing and do not fit into place are brought to light with a higher level analysis method known as the smart money concept. As a result of the research and developments we have done on this subject from many different sources for a long time, I personally think that the most efficient and logical concept is the smart money concept. Of course, no matter which method we use, acting within a risk management and remaining strictly loyal to our conditions should be our first priority so that we can talk about sustainable success in the market. In light of all this, we decided to make an indicator of this concept, which we believe is consistent. In order to analyze the market structure correctly, we must first draw fractal structures and interpret them correctly. Because the market consists of fractal structures. Regardless of the technique, if we cannot draw fractals correctly or if we make an incorrect interpretation while determining them, our market structure analysis may also be incorrect. Instead of manually identifying fractal structures, script writers often choose the following method for ease of use; They leave the number of candles to the user's choice, detect the highest and lowest points among x number of candles, and draw fractal structures accordingly, but in fact this is not an accurate detection method. In the visual I have prepared below, you can see how the correct fractal structures should be drawn. Fractal structures should be made based on the previous and next candle levels, not from a certain group of candles. To identify market structures, we make an interpretation based on these fractal movements. While classic market structure analysis with traditional price action follows a relatively simpler path as shown in the example below, this situation is a bit more detailed in the smart money concepts. To explain the situation in the smart money concept in an easily understandable way, it is as follows; imagine an uptrend that progresses by creating levels HH and HL, when the price creates a new HL, we call this point as inducement and we move this level up as each new HL is formed. When drawing structures in this way, when the price falls below the inducement level, the peak is confirmed. To explain it with a different approach, the price must first get liquidity from these last rising bottoms in order to make a break of structure (BOS). The break of structure occurs when the price passes the approved peak. When BOS occurs, the lowest point between this point and the previous peak is defined as the Swing Low and this is the level that needs to be protected in uptrend. When BOS occurs, the last HL point that made this BOS is also defined as inducement and it continues to move as new HL is formed until the new peak is confirmed. If the price somehow "closes" below the Swing Low point that needs to be protected, CHOCH (change of character) has occurred and the trend direction has changed. After CHOCH, we start applying the same logic for the downtrend, the last LH peak formed after is defined as inducement and as the fractal structure continues downward, this level is also carried as the inducement level until the Swing Low level is determined. An important note is; In order for BOS and CHOCH to be valid, "a closing must definitely occur". If it remains in the form of a wick, we call it a liquidity sweep and the end point of this wick is updated as the point where we need to look for a closing in order to be able to say that the BOS or CHOCH level is determined. By the way, We call these liquidity sweep points as "x" in the indicator. It may be easier to explain this topic with a few sample images that I have shared below. The thing to consider in the smart money concept is that if you are going to take a long trade in an uptrend, you should wait for the price to fall below the inducement level or if you are going to take a short trade in a downtrend, you should wait for the price to rise above the inducement level and only then look for suitable structures, order flows, order blocks, price gaps and other structures before this are considered traps in this concept. I have some strategies that I personally apply, but since these are my personal preferences, I do not find it right to share them here in order not to affect your opinions, but I am basically careful to act as I stated above. While preparing this script, we paid attention to the fact that it can be interpreted with a real human eye, provides ease at the speed of machine language and can work extremely flawlessly. From the first moment we started preparing the script, we went through a long and seriously laborious preparation process that lasted months until now, which we happily share. We brought this code to life by putting on the table almost everything the user may want in terms of both flawlessly fulfilling the conditions specified by the concept and convenience. If we touch on the function of the code in order, our code finds the following; It perfectly identifies the fractals that form the basis of the market structure, within the framework of the rules that I mentioned above, we taught to the script. According to smart money concepts, as I explained in detail above, it provides great convenience in this regard by skillfully identifying the direction of the market in the time period you are in, rather than traditional methods. In addition to identifying the direction of the market, it also detects the direction changes taking place in the internal structure. Indicator tries to detect even the slightest direction changes by making a stricter interpretation while determining the trend and bottom-top points in the internal structure. Theoretically, it determines the top point in a downward fractal breakout, and marks the bottom point in an upward fractal breakout. In this context, it also uniquely identifies the candle flow direction and we can observe it on the table. I explained this issue in the first image about fractal determination, you can read that part again. When you identify swing structures correctly, you will also determine the area you need to focus on, and we have also included this in the script. Another one of our favorite features on the chart is that it can show active swing areas live by following the BOS, CHOCH and Inducement lines. So, I believe that this gives it a more professional appearance. In the light of all these functions, it provides great ease of use while presenting data on the direction of the market in a table not only in the current time frame but also in 6 different time frames that the user can choose according to his/her preference, including seconds timeframes (1 sec., 5 sec., 15 sec., 30 sec. etc.) In order to speed up the user, it instantly informs the selected parity and all structural changes (Bos, Choch, Inducement, Liquidity Sweeps etc.) that occur on the market structure of this timeframe by setting a single alarm. In the settings window, you will find the following settings that we have personalized for you: Main Options; Fractal Lines box: You can check this box to see whether the fractals that form the basic interpretation structure of the indicator are visible or not. Swing Lines box: You can use this box to turn on or off the Bos, Choch, Inducement and Liquidity Sweeps lines, which are the main elements of the market structure. Internal Structures box: You can check this box to observe the H and L points in the internal structure of the graph and therefore the direction in the internal structure. Live Bos / Choch / Inducement Lines box: You can turn on / off the visibility of the lines belonging to the current and active Bos, Choch and Inducement levels on the chart. Range Lines box: You can use it to turn on / off the visibility of range lines drawn between the active Swing high and Swing low points on the chart. Multitimeframe Tables box: It allows you to open and close the table where you can observe the main trend direction of the current parity on the screen, its internal structure and the candle flow direction in 6 different time frames. Fractal Settings; In this section, you can choose the colors, style and thickness of the fractal lines as you wish. Swing Settings; In this section you can choose the colors of the Swing High and Swing Low points, their shape and size. Likewise, you can choose the colors, line style, thickness and text size of Bos and Choch lines for bullish and bearish situations. There are also settings where you can choose the colors, style, line thickness and text size of the Liquidity Sweep and Inducement lines. Internal Swing Settings; In this section, you can determine the colors of the High and Low points detected in the internal structure and select the label size, style and thickness of the direction change lines. Live BOS / CHOCH / IDM Lines; In this section, you can select the colors, label sizes, line style and thickness of the bos, choch and inducement lines that show the important levels followed in the current status of the chart. Range Settings; As mentioned above, you can choose the color, style, thickness of the range lines drawn between the active swing high and swing low points and the size of the price tags of these levels. Multitimeframe Table Settings; In this section, there are settings boxes for 6 selectable timeframes, 9 different position alternatives where you can change the position of the table, and a section where you can find 2 different options to express the directions in the table. In addition to these, you will also be able to choose the background color of the table and the color of the text used to express the directions in the table. We hope that this script will reach a wide audience by becoming a tool that will be used with pleasure and indispensable, while providing convenience to all users, as we have dreamed of and expected from the first moment we started writing it. DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for the documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. We are not responsible for any losses you may incur. Please invest wisely. Best regards and enjoy it.
Penunjuk Pine Script®
oleh SpecialCodes
45
Asian Range IndicatorIndicator Name: Asian Range Indicator Description: This TradingView indicator is designed to accurately detect the price range during the Asian session, based on our trading strategy. This range is crucial for planning trades in the European and American sessions. Using advanced algorithms, the indicator automatically identifies and plots the highs and lows within the Asian session period, highlighting them on the chart with shaded areas for clear visualization. This helps traders anticipate breakouts and set more precise entry and exit levels. How to Use the Indicator: Add the indicator to your TradingView chart. Observe the shaded areas representing the Asian range. Use these levels to plan your trades during the European and American sessions. Combine with other technical indicators to confirm your trading decisions. Chart: The chart published with this script is clean and easy to understand, clearly showing the Asian range highlighted with shaded areas. No other scripts are included, ensuring the indicator's output is easily identifiable. The shaded areas contribute to the visual understanding of the Asian range, helping traders effectively use the script.
Penunjuk Pine Script®
oleh TrigosFxMentor
2
Wave LineWave Line is a chart type obtained by plotting the High and Low values in each time interval according to their sequential order. This method produces a continuous line rather than bars, which is beneficial for analyzing changes within each interval rather than focusing on the price range and open/close values. E.g for Wave Analysis. How to use: 1. Adjust the interval unit and multiplier for the main timeframe. 2. Ideally, select a lower timeframe on your chart, approximately 5 times smaller than the one specified for the script. 3. Lower Timeframe is the timeframe which will be the scripts reference when the high and low of the main timeframe align on a single bar of the opened chart. This timeframe may also be 5-10 times smaller than the main timeframe. It is important to note that this should not be excessively smaller as the script may fail in retrieving data. An alternative method is included to estimate the order if it is not clear in the fetched data. 4. Set a preferred value for Monowave Length, indicating the number of bars a monowave will cover horizontally. Set the value to be half of the Interval Multiplier for the Wave Line to align with the bar chart. However if the multiplier is an odd number, perfect alignment may not be achieved. 5. Ensure that the product of Max Polyline Segments and Monowave length does not exceed 5000, and adjust the value for Max Polyline Segments accordingly.
Penunjuk Pine Script®
oleh RezzaHmt
RSI Graphique and Dashboard MTFMTF RSI Indicator - User Guide Introduction: The MTF RSI (Multi-Timeframe Relative Strength Index) Pine Script is designed to provide traders with a comprehensive view of the RSI (Relative Strength Index) across multiple timeframes. The script includes a primary chart displaying RSI values and a dashboard summarizing RSI trends for different time intervals. Installation: Copy the provided Pine Script. Open the TradingView platform. Create a new script. Paste the copied code into the script editor. Save and apply the script to your chart. Primary Chart: The primary chart displays RSI values for the selected timeframe (5, 15, 60, 240, 1440 minutes). different color lines represent RSI values for different timeframes. Overbought and Oversold Levels: Overbought levels (70) are marked in red, while oversold levels (30) are marked in blue for different timeframes. Dashboard: The dashboard is a quick reference for RSI trends across multiple timeframes. Each row represents a timeframe with corresponding RSI trend information. Arrows (▲ for bullish, ▼ for bearish) indicate the current RSI trend. Arrow colors represent the trend: blue for bullish, red for bearish. Settings: Users can customize the RSI length, background color, and other parameters. The background color of the dashboard can be adjusted for light or dark themes. Interpretation: Bullish Trend: ▲ arrow and blue color. Bearish Trend: ▼ arrow and red color. RSI values above 70 may indicate overbought conditions, while values below 30 may indicate oversold conditions. Practical Tips: Timeframe Selection: Consider the trend alignment across different timeframes for comprehensive market analysis. Confirmation: Use additional indicators or technical analysis to confirm RSI signals. Backtesting: Before applying in live trading, conduct thorough backtesting to evaluate the script's performance. Adjustment: Modify settings according to your trading preferences and market conditions. Disclaimer: This script is a tool for technical analysis and should be used in conjunction with other indicators. It is not financial advice, and users should conduct their own research before making trading decisions. Adjust settings based on personal preferences and risk tolerance. Use the script responsibly and at your own risk.
Penunjuk Pine Script®
oleh SESE04
2