Pivot TrendHello Traders,
Another original idea is here with you. Actualy I can say that it's a breakout strategy that uses multiple Pivot Point's averages.
How it works?
- it finds the Pivot Points, you can set the length as you want
- it gets averages of Pivot Highs and Pivot Lows, you can set the number of Pivot Points to be included
- it compares the current closing price with averages of Pivot Highs and Pivot Lows
- if both are positive or negative then trend changes
You have two options:
- Pivot Point Period => is the length that is used to find Pivot Points. means it checks left/right bars if it's Pivot Point (4 by default)
- Number of PP to check => is the number of Pivot Points that the script finds and calculates the averages (3 by default)
An Example with the settings Pivot Point Period = 5 and Number of PP to check = 2
Play with settings as you wish. Comments are welcome, together we can improve it ;)
Enjoy!
Trendtrading
Trend Analysis IndicatorThe Trend Analysis Indicator was created by Adam White (Stocks & Commodities V. 10:8 (358-360)) and this is not to be confused with the Trend Analysis Index which was also created by Adam White. The stock is trending when it is above the signal and loses steam when it falls below the signal. Generally you should buy when it is above it's signal and sell when it goes below the signal.
Let me know if you would like me to write more scripts!
Midpoint OscillatorThe Midpoint Oscillator was created by Tushar Chande Ph.D. (Stocks & Commodities V. 9:11 (431-434)) and it does a great job of tracking extreme changes in the price. Buy when the line is green and sell when it turns red.
Let me know if you would like me to write more scripts!
Trend Direction Force IndexThis is my own version of the famous Trend Direction Force Index and I modified the original to make my version react quickly to any trend. I have color coded the indicator to make it extremely easy to read so if it is green then buy and red then sell.
This was a custom request so if you would like more then just send me a message!
Donchian Trend RibbonHello Traders,
I think you all know Donchian Channels. so I am not going to write about it.
With this indicator I tried to create Donchian Trend Ribbon by using Donchian Channels.
How it works ?
- it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
- then it calculates trend direction for each 9 lower lengths. if you set the length = 20 then the lengths are 19, 18,...11
- and it checks if the trend directions that came from lower lengths is same or not with main trend direction.
- it changes the trend color of the ribbon.
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Warning: Entry points may also represents trend reversal. So you should use stoploss line if you decide to take buy/sell positions.
P.S. I didn't backtest it, it's non-repainting, it should be used educational purposes only.
Published by user request. You may want to see following one:
Enjoy!
Donchian TrendHello All,
I think all of you knows Donchian Channels . so I am not going to write about it.
With this indicator I tried to create Trend Lines by using Donchian Channel upper/lower bands. I tried add possible entry levels as well.
How it works ?
- it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
- then it calculates trend direction for 9 lower lengths. if you set the length = 20 then the lengths are 19, 18,...11
- and it checks if the trend directions that came from lower lengths is same or not with main trend direction.
- it changes the trendline color. lighter trend line means stonger trend, darker trend lines means entry points or possible trend reversal.
- it puts entry points by using trend directions that were created by using lower lengths. it gets entry points if high/low touches main trend line as well.
Warning: Arrows are entry points but it may also represents trend reversal. So you should use stoploss line if you decide to take buy/sell positions.
P.S. I didn't backtest it, it's non-repainting, it should be used educational purposes only . I believe it can be improved, so I am open for new ideas to improve it ;)
Enjoy!
Trend Exhaustion IndicatorThe Trend Exhaustion Indicator is a custom indicator of mine that is loosely based on the Trend Exhaustion Index created by Clifford L. Creel Ph.D. (Stocks & Commodities V. 9:1 (9-11))
This indicator will let you know the trend reversal points and when it falls below the signal line then the trend is ending vice versa. Buy when the indicator crosses above the signal line and sell when it falls below the signal line.
Let me know if you would like to see me write any other scripts!
Uber Trend IndicatorThis is my first custom indicator that I created as a medium to long term trend indicator. Buy if it is above 0 and sell if it is below 0.
Since this is my first unique indicator, I would love to hear your feedback! Please let me know if you would like to see any other scripts!
Demand OscillatorThe Demand Oscillator was created by James Sibbet (Stocks & Commodities June, 1986) and I changed his formula quite a bit to what you see on here. If it rises above the signal then buy or if not then sell. This is my custom version of his formula so let me know what you think.
Let me know if you would like to see me write any other scripts!
Linear Regression Trend Channel with Entries & AlertsPlease Use this Indicator If you understand the risk posed by linear regression trend channel
Features
Provides trend channel (best value for period is 40 on 5 minute timeframe
Provides BUY/SELL entries based on current channel
Provides custom color for channel
Best used with MattyPips strategy indicators
Risks : Please note, this script is the likes of Bollinger bands and poses a risk of falling in a trend range.
Entries may keep running on the same direction while the market is moving.
Sell Gravitation IndexThe Sell Gravitation Index was created by Howard Wang and was published in Stocks & Commodities V37:02 (36-38)
This indicator is similar to the relative strength index but the big difference is that this indicator gives early buy and sell signals which I find very helpful. Buy when it rises above its signal line and sell when it falls below its signal line.
Let me know if you would like to see me publish any other scripts!
Enhanced Time Segmented Volume (Multi MA)**THIS VERSION ALLOWS THE USER TO SELECT WHICH MOVING AVERAGE THEY WOULD LIKE TO UTILIZE FOR THE SIGNAL LINE**
Chart shows two different options of many. Top option is the default settings and bottom option is a different moving average with no other changes.
Time Segmented Volume was developed by Worden Brothers, Inc to be a leading indicator by comparing various time segments of both price and volume. Essentialy it is designed to measure the amount of money flowing in and out of an instrument.
Time Segmented Volume was originally ported to TradingView by user @liw0 and later corrected by user @vitelot. I never quite understood how to read Time Segmented Volume until I ran across a version by user @storma where they indicated when price would be long or short, but that code also utilized the incorrect calculation from user @liw0.
In an effort to make Time Segmented Volume more accessible and easier to read, I have re-coded it here. The calculations are based on the code from @vitelot and I have added direction indicators below the chart.
If the histogram (TSV) is greater than zero and greater than the moving average, price should be moving long and there will be a green box below the chart.
If TSV falls below the moving average while still being greater than zero, the trend may be exhausting and has been coded to read Price Action Long - FAILURE with a black x below the chart.
If the histogram (TSV) is less than zero and less than the moving average, price should be moving short and there will be a red box below the chart.
If TSV rises above the moving average while still being less than zero, the trend may be exhausting and has been coded to read Price Action Short - FAILURE with a black x below the chart.
At times, the moving average may be above zero while TSV is below zero or vice versa. In these situations the chart will indicate long or short based on whether or not TSV is greater or less than zero. It is possible a new trend may be forming as the moving average obviously lags, but also possible price is consolidating with little volume and causing TSV to oscillate close to zero.
More information regarding Time Segmented Volume can be found here: www.worden.com
Original code ported by @liw0
Corrected by @vitelot
Updated/Enhancements by @eylwithsteph with inspiration from @storma
Multiple MA Options Credits to @Fractured and @lejmer
Bits and Pieces from @AlexGrover, @Montyjus, and @Jiehonglim
As always, trade at your own risk.
Enhanced Time Segmented VolumeTime Segmented Volume was developed by Worden Brothers, Inc to be a leading indicator by comparing various time segments of both price and volume. Essentialy it is designed to measure the amount of money flowing in and out of an instrument.
Time Segmented Volume was originally ported to TradingView by user @liw0 and later corrected by user @vitelot. I never quite understood how to read Time Segmented Volume until I ran across a version by user @storma where they indicated when price would be long or short, but that code also utilized the incorrect calculation from user @liw0.
In an effort to make Time Segmented Volume more accessible and easier to read, I have re-coded it here. The calculations are based on the code from @vitelot and I have added direction indicators below the chart.
If the histogram (TSV) is greater than zero and greater than the moving average, price should be moving long and there will be a green box below the chart.
If TSV falls below the moving average while still being greater than zero, the trend may be exhausting and has been coded to read Price Action Long - FAILURE with a black x below the chart.
If the histogram (TSV) is less than zero and less than the moving average, price should be moving short and there will be a red box below the chart.
If TSV rises above the moving average while still being less than zero, the trend may be exhausting and has been coded to read Price Action Short - FAILURE with a black x below the chart.
At times, the moving average may be above zero while TSV is below zero or vice versa. In these situations the chart will indicate long or short based on whether or not TSV is greater or less than zero. It is possible a new trend may be forming as the moving average obviously lags, but also possible price is consolidating with little volume and causing TSV to oscillate close to zero.
More information regarding Time Segmented Volume can be found here: www.worden.com
Original code ported by @liw0
Corrected by @vitelot
Updated/Enhancements by @eylwithsteph with inspiration from @storma
As always, trade at your own risk.
Pivot Point SupertrendHello All,
There are many types of SuperTrend around. Recently I thought about a Supertrend based on Pivot Points then I wrote "Pivot Point SuperTrend" script. It looks it has better performance on keeping you in the trend more.
The idea is behind this script is finding pivot point, calculating average of them and like in supertrend creating higher/lower bands by ATR. As you can see in the algorithm the script gives weigth to past pivot points, this is done for smoothing it a bit.
As I wrote above it may keep you in the trend more, lets see an example:
As an option the script can show main center line and I realized that when you are in a position, this line can be used as early exit points. (maybe half of the position size)
While using Pivot Points, I added support resistance lines by using Pivot Point, as an option the script can show S/R lines:
And also it can show Pivot Points:
When you changed Pivot Point Period you can see its reaction, in following example PP period is 4 (default value is 2). Smaller PP periods more sensitive trendlines.
Alerts added for Buy/Sell entries and Trend Reversals. (when you set alerts use the option " Once Per Bar Close ")
ENJOY!
Trend Following MAs 3DHello All,
This is Moving Averages Trend Following 3D indicator. The idea is based on direction of MAs and relation between 20 moving averages (5 to 100 period).
Option to show different type of MAs: EMA, SMA, RMA, WMA, VWMA.
As I haved tested it looks succesful at calculating trend direction and trend strength.
For a better look I tried to make it 3D, it looks good I think, waiting comments ;)
Some screenshots:
By using RMA type:
When it gets tiny it means there is no trend:
An example for down trend:
ENJOY!
Underworld Hunter + Base ZoneUnderworld Hunter + Base Zone is designed to keep traders out of ranging markets by establishing a "dead zone" between the bands where price may be choppy or trends may be short lived. The original Underworld Hunter from @greenmask9 adapted Bollinger Bands by changing the basis from SMA to the EMA of the EMA of the EMA. This version now allows the user to select which moving average they would like to utilize for the calculation.
If price is outside of the upper bands, price may be bullish. If price is outside the lower bands, price may be bearish.
If price is within the green or red areas of the bands, a trend may be forming.
The system also plots when RSI has become over extended above the thresholds selected (70/20 is the default).
MA Period is the length/period the moving average is calculated with
MA Mode is the type of moving average that will be utilized in the basis calculation
The "Standard MA Calculation" Option changes the basis to calculate the moving average selected in MA Mode only once, instead of 3 times
Deviation 1 and Deviation 2 determine how far the dead zone bands will be from the basis
RSI Period is the length/period the RSI function is calculated with
RSI Extended - High Cutoff is the level RSI must reach to be marked as over extended. Most traders refer to this zone as "Overbought"
RSI Extended - Low Cutoff is the level RSI must reach to be marked as over extended. Most traders refer to this zone as "Oversold"
As many NNFx traders know, overbought and oversold essentially do not exist, though the zones can still be utilized
The remaining options are utilized for specific moving average calculations and are set to what is typically considered as "standard" for their values.
There are many options available for this code. The code has not been optimized but merely compiled. Settings should be adjusted for the instrument(s) you are trading.
Adapted from user @greenmask9
Multiple MA Options Credits to @Fractured and @lejmer
Bits and Pieces from @AlexGrover, @Montyjus, and @Jiehonglim
As always, trade at your own risk.
Trend Lines for RSI, CCI, Momentum, OBVHello Traders!
After publishing Trend Lines for RSI yesterday, I realized that Trend Lines for more indicators needed by the traders. so I decided to make it for four different indicators: RSI, CCI, OBV, Momentum
In the indicator options you can choose the indicator from pull-down menu.
How it works?
- On each bar it finds last 10 higher and lower Pivot Points (PP) for the indicator.
- from first bar to 10. Pivot Point it searchs if a trend line is possible
- for each PP it starts searching from the last PP .
- it checks if drawing a trend line possible or not and also it's broken or not
- if it's broken then optionally it shows broken trend lines as dotted (or you can option not to see broken lines)
- if it finds a continues trend line then it stops searhing more and draw trend line, this is done by checking angles (I did this to make the script faster, otherwise you may get error because of it needs time more than .2sec)
- the script makes this process for each PP
- then shows the trend lines
P.S. it may need 3-10 seconds when you added the script to the chart at first (because of calculations)
Trend lines for CCI:
Trend Lines for OBV
Trend Lines for Momentum:
You may want to watch how Trend Lines script works (that was made for RSI)
s3.tradingview.com
If you still didn't see Trend Lines v2 then visit:
All Comments are welcome..
Enjoy!
WhipLashThis is a study to determine if small candle bodies (little difference between open and close), regardless of overall candle length (high/low), can be used to filter choppy markets.
The indicator will calculate the selected average "MA Mode" of (close-open). To standardize this result and ensure any filters/thresholds do not need to be recalculated for each instrument the result will be used to calculate the Z Score.
The idea is that when candle bodies are small there is very little actual price movement, and therefore price is choppy. When considering the Z Score of that result, any outliers ie larger candle bodies, could show a potential trend forming. This indicator is similar to QStick but allows more customization by the user.
MA Mode determines which MA is used to smooth the results of (close-open)
Price Smoothing is the number of running periods the MA Mode is calculated for.
The three Thresholds are preset to the 90%, 95%, and 99% levels for Z Score. If these thresholds are altered you may wish to also alter the horizontal lines programmed for each level on the positive and negative sides.
The Z Length is the period for which the Z Score is calculated
Multiple MA Options Credits to @Fractured
Bits and Pieces from @AlexGrover, @Montyjus, and @Jiehonglim
As always, trade at your own risk.
MWDX AverageThis is a variation of an exponential moving average which follows the price pretty smoothly. Feel free to change the factor to adjust how closely it follows the price. I set the default to 0.2
Let me know if you want me to write code for any other indicators!
Price Change Rate by Pivot Points - DynamicHi Everyone
Usually I need Price Change info and I believe most of you need this info too. I want to see how it increased/decreased. I automate this by using Pivot Points.
it works dynamically and it uses Pivot Highs and Pivot Lows accordingly. That means it calculates which one to use.
Please watch following video:
Enjoy!
Trend Following Moving AveragesWhile analysing a chart, one of the biggest problem is to see if there is trend or not. While thinking about it, I found the idea to analyse moving averages in channel and their momentum according to channel width. I already published it as Trend Following Bar as you see at bottom of the chart.
How it Works?
On each bar it creates a channel by highest/lowest point of a MA. highest point is upper line and lowest point is lower line of the MA channel,
It gets highest and lowest point of last 300 bars, (say Price Channel )
If the width of MA channel is greater than certain rate of price channel then it decides there is trend
After it decided there is trend, it calculates the rate between channel and MA. Bigger result means stronger trend.
According to rate of MA channel and the price channel , MA Line becomes lighter/darker. so when you look at the MA Line's color you can see the trend strength.
Some details about my idea:
Options:
You can choose following MA types as source: EMA, SMA , RMA, WMA , VWMA
"Period to Check Trend" is the period to create MA channel. Bigger period cause more sensitivity.
"Trend Channel Rate %" is rate of price channel . Price channel created by using highest/lowest of last 300 bars. I did this to make the script works on all time frames correctly.
"Use Linear Regression" is used to get rid of noise. it may cause 1-2 bars latency.
Trend Following Bar script:
All comments are welcome!.
Enjoy!
Trend Lines v2Hello Everyone. After working on new and better trend lines script for couple of weeks, finally I am proud to publish Trend Lines v2.
How it works?
- On each bar it finds last 10 higher and lower Pivot Points (PP).
- from first bar to 10. PP it search if a trend line is possible
- for each it starts searching from the last PP.
- it check if drawing a trend line possible or not and also it's broken or not
- if it's broken then optionally it shows broken trend lines as dotted
- if it finds a continues trend line and stop searhing more and draw trend line (I did this to make the script faster, otherwise you may get error because of it needs time more than .2sec)
- the script makes this process for each PP
optionally trend lines may be Solid or Dashed
optionally you may get rid of broken trend lines if you think it's crowded
and sometimes you may not see any trend line on the chart. this means you need to adjust the period for Pivot Points accordingly
also I made a video. if you watch this video you can see how the script works.
Important! after you add this tool to the chart you may need zoom-in and zoom-out to see all lines!
I thought a lot to make it free or not then I decided make it free and open source. you should know there is a lot of effort for this script, so if you think this is usefull please consider a donation ;)
Enjoy!
RSI of MAsRSI of MAs is designed to calculate the moving average for a specific period, and then take the RSI of that value. This script allows the user to select which moving average they would like to utilize for the calculation, as well as customizing how the Signal Line is calculated. There are many combinations available and you will need to tune the indicator to fit your trading style. The Signal Line is designed to indicate when there is a potential change in price action. If the Signal Line is below RSIoMA, price is bullish. If the Signal Line is above RSIoMA, price is bearish.
MA Period is the length/period the moving average is calculated with
RSI Period is the length/period the RSI is calculated with
RSI MA Mode determines which moving average is applied to the MA period
Signal Line determines which moving average or QQE is used to calculate the signal line
Signal Line Period is the length/period the Signal Line is calculated with
As always, trade at your own risk.
Multiple MA Options Credits to @Fractured
Signal Line Options Credits to @lejmer
Bits and Pieces from @AlexGrover, @Montyjus, and @Jiehonglim
