How it works? - It calculates the linear regression of the last X candles and define a range based on a linear regression deviation (represented by the 3 parallel lines over the last candle). -Open trades based on the breakout of the deviation of the linear regression (represented by the yellow triangle). -Advanced trend filter to not open trades against the trend...
This script enables calling and/or plotting of traditional Candles sources while loaded on Heikin Ashi charts. Thanks to @PineCoders for rounding method: www.pinecoders.com Thanks to @BeeHolder for method to regex normalize syminfo.tickerid. NOTICE: While this script is meant to be utilized on Heikin Ashi charts it does NOT enable ability to backtest! NOTICE:...
Change the colors of the indicator to contrast your chart! Make sure to also change the transparency for the colors. --- This indicator finds fair value gaps which are inefficiencies in price delivery. Gaps can be used for entry or even bias. I've included midpoints, lines, and boxes. Boxes have the greatest range with respect to historic PA so keep that in mind....
Calculated Average Candle Range for Igor Sessions. Resets average at these time UTC: 00:00, 06:00, 12:00, 20:00.
script name: show bottom For left traders, how to accurately find the bottom is very important, and there are various methods, among which the bottom type is a common and convenient method. This script shows where the bottom is formed and when the bottom is broken. Although the definition of the bottom type is very simple: after processing the inclusion...
Hello All, For long time I got many request for Renko Candles and now here it's, Renko Candles Overlay . I tried to make almost everything optional, so you can play with the options as you want. Let see the options: Method: the option for brick scaling method: ATR, ATR/2, ATR/4, Percent, Traditional - ATR Period: period for Average True Range and it's...
Custom candles which only didsplay highs and lows. Color depends on relative position of highs and lows and indicates whether it is going up, down or indecision based on this relative position. Made specially for superchiqui :P
This script simply displays bar colors corresponding to the SMI Ergodic Indicator. It does not display the oscillator or indicator itself. I prefer not to crowd my display with too many oscillators - others may find this script useful as well. Used in conjunction with other indicators, the SMII can give early reversal signals. Thanks to the TV community.
This indicator places a table on the bottom of the chart where each section changes color based on settings in each individual indicator. It provides a way to quickly glance at the chart and see the overall direction of the market with the combination of indicators. All settings for each individual indicator are editable, so you can customize them to your unique...
This script finds wicks that are longer than the candle body and marks them as potential trading zones to be revisited. Lines, shading, and lookback can all be modified. Full credit for original code goes to @Squam_Gobaloochee. We updated to Pinescript V5 and cleaned up code. We reached out to original for permission to repost publicly and open source.
The IBS (Internal Bar Strength) as we know it, calculates only correctly on the long side. When the candle closes in loss, the original IBS still uses the upper wick. This IBS checks first if its an up or down candle and then uses the top or bottom wick to calculate the IBS. The yellow line is the corrected IBS, the blue line the original
Fun name for an indicator, eh? Well, it is true, I think; they look like magic carpets. They're actually pretty simple actually. They're Keltner Channels smoothed with a moving average. If you go down to the lookback period for the bands and set it to 1, you'll recognize them immediately. Digging a bit deeper you see there are four magic carpets on the chart. The...
If you are familiar with the %B for use with Bollinger Bands, then you will understand this indicator immediately. Designed for use with my +UMA moving average, this works in exactly the same way, with a few differences. First off, as you can choose on which type of moving average the calculations are made, so too you will want to match this up with the one you...
1. This indicator will indicate signals of bearish/bullish candlestick as below: - 10 Bear Candles: Dark Cloud Cover, Bearish Kickers, Bearish Engulfing, Evening Star, Three Black Crows, Hanging Man, Shooting Star, Tweezer Top, Bearish Harami, Doji - 10 Bull Candles: Piercing, Bullish Kickers, Bullish Engulfing, Morning Star, Three White Soldiers, Hammer, Inverted...
This indicator calculates for you the average candle range for the current 24H trading session for the selected timeframe. The calculation starts from 00:00UTC until the current moment. The indicator is not time zone dependent, works well on every time zone.
This is a version of Stephen J. Klinger's, Klinger Oscillator (sometimes called Klinger Volume Oscillator). I've changed virtually nothing about the indicator itself, but added some lookback inputs for the EMAs the oscillator is derived from (traditionally 34 and 55), and added a few other things, as is my wont. But what is the Klinger Oscillator? Essentially,...
This version of Donchian Channels uses two source options so that one can create a channel using highs and lows rather than one or the other or closes. My thinking was that this would create a more accurate portrayal of price action (or at least contain the greatest scope of it) as seen through the lens of a Donchian Channel. This was actually part of the genesis...
What is the "Ultimate MA" exactly, you ask? Simple. It actually takes as its influence the Rex Dog Moving Average (which I have included as an MA in some of my other indicators), an invention by xkavalis that is simply an average of different length moving averages. It's available for free on his account, so take a look at it. I've recently become drawn to using...