Hello Traders! After the addition of "Arrays" to the Pine, I developed new and improved version of Support Resistance - Dynamic script as version 2. In this script Arrays were used. This can be used as Support Resistance tool, also it will be an example for the people who want to learn Array usage in Pine. Many thanks to Pine Team for adding Arrays! The...
Trend Buy and Sell Indicator TBS identifies trend based on price cross-over/cross-under to a moving average. Confirmed Up-trend is displayed in green and Down-trend in red backgrounds. Before a trend is confirmed price cross-over is displayed in blue and cross-under in orange backgrounds. Once an uptrend is confirmed, TBS suggest buys based on touch downs to a...
Hello Traders, This is " Smoothed Candles " script to get rid of noises and to get a smoothed chart to figure out breakouts and price movements easily. There are three scaling methods: User Defined, Dynamic (ATR) and Percentage Optionally you can add 2 Simple Moving Averages and 2 Exponential Moving Averages Optionally you can hide the Wicks, example: You...
What is it? An indicator that depicts the trend of up to 5 higher timeframes on the same chart without needing to context-switch between charts. Features - Supports up to 5 timeframes - Trends indicated by 5 colored buttons: one for each timeframe - Varying shades of green: uptrend - Varying shades of red: downtrend - White/silver:...
Hello Traders, With the info "Trend is Your Friend ", you should not take position against the trend. This script checks multipte moving averages if they are above/below the closing price and try to find trend. The moving averages with the length 8, 13, 21, 34, 55, 89, 144, 233, 377 used. these are fibonacci numbers, but optionally you can change the lengths...
This script is intended to generate BUY signals during pullbacks in stocks which are in the midst of mid to long-term uptrends. The ideal timeframe is Daily. Signals should be acted upon at or near the close, or at open next bar. I use 2 simple moving averages (SMA1 and SMA2) to determine whether the stock is currently in an uptrend. The default parameters...
Hello Traders! We need to make things better & better to solve the puzzle and I try to do my best on this way. now I am here with my new Trend Lines Pro script. As you know, Trend Lines is very subjective and many people (even professionals) draw different Trend Lines on the same chart. This is confusing and there must be an automation to make the life easer....
We released LazyTrader all the way back in Aug of 2018, and it's still popular to this day among members, especially for those setting up trend trading bots. LazyX2 uses the same algorithm, but has evolved into an alternative version with a second copy built in so that one is used as the long term trend and the other as the short term trend. There are a couple...
The Hurst Coefficient was created by John Ehlers (Cycle Analytics For Traders pgs 67-68) and this is a very useful indicator to tell you if the stock is in a uptrend or downtrend. Feel free to change the length to experiment and to adjust to your needs. Buy when the indicator line is green and sell when it is red. Let me know if there are other indicators you...
The 2 Pole Butterworth Filter was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 192) and this is one of his many filters that cuts out the noise and follows the price very closely. I recommend combining a 2 pole and 3 pole system of the same type of filter. Buy when the indicator line is green and sell when it is red. Let me know if there...
This indicator shows the main trends of the instruments. Users will automatically see the bottom and peak of trends. (Bu indikatör enstrumanların ana trendlerini göstermektedir. Kullanıcılar trendlerin dip ve tepe noktalarını otomatik olarak görecektir.)
Before anything, take notes of the script limitations : 1) The script has the setting : "Max_bars_back" set to 390. This is required to use dynamic length and an "internal clock" *390 is the normal number of bars in a typical stock trading day. 2) The script requires volume data to work correctly * I use a way to represent volatility that requires ( volume +...
Trading with the Trend! Trend Candlestick (Expo) identifies the direction of the trend and Zones are displayed where the trend changes. The user has the ability to adjust the settings so that long term, as well as short term trend direction and trend changes, can be visualized. The indicator is visual and easy to use. HOW TO USE 1. Use the indicator to...
This will help to identify trends within markets on any time frame. It's based on moving averages thus you can select the moving average which you want to use and obviously it's length as well. The gummy worm will get a little fatter during times of higher volatility which helps avoid false signals. The blue indicates an uptrend and pink indicates a downtrend....
The system uses 1 hour and 15 min timeframe data. Signals coming from 15 min Inverse Fisher Transform of SMI and stochastic RSI are confirmed by 1 hour Inverse Fisher Transform SMI, according to the following rules: long cond.: 15 min IFTSMI crosses ABOVE -0.5 or SRSI k-line crosses ABOVE 50 while 1-hour IFTSMI is already ABOVE -0.5 short cond.:15 min IFTSMI...
This is an upgraded version of my MACD_trendtrader indicator. UPGRADES: - Histogram slope changes colors according to the direction of the slope. - Panel that displays volatility of the asset. The volatility is measured from 0 to 100. Zero being the lowest and 100 the highest volatility. I also included different text colors for a certain volatility value (white=...
The Laguerre Filter was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 216) and this indicator works well with letting you know both the short and long term trend as well as a pretty good moving average. If the indicator line is above the black line then it is a long term uptrend and below the black line is a long term downtrend. Buy when...
This script uses 25-75 treshold of stochastic RSI with the help of kijun-sen as confirmation, to find entry points to any trend either newly developed or an established one. I just realized it on the 1 hour SPX chart. Sure it can be used on other symbols. Crossing above/below 25/75 line of sto RSI is considered as buy/sell signal. Signals are evaluated whether...