BEST Multicolor Supertrend InfoPanelHello traders
Today is a Pinescript hack to display multiple colors in one label.
I used that panel to show the Supertrend Long Term values (weekly, monthly, quarterly, yearly)
What is a Supertrend?
Definition : SuperTrend is an indicator that works on all timeframes and all instruments (stocks, futures, forex, ...). It is a great tool to follow market trends and optimizes your profits.
SuperTrend evolves below or above the prices depending on the trend. You can use it as an exit position indicator when its direction changes. You can also use it to place your stops.
So.... the hack is?
The hack is about creating a new label for each line - versus creating just one label containing the whole text
Best regards,
Dave
Labels
Rhaps SMAEMA Combo v1.1There's many versions of this sort of thing around the Tradingview library, but i guess we all like things to our own specifications.
So this is my take on the SMA and EMA version combined.
Bunch of SMA's & EMA's, with labels, and G&D Cross Labels and Alerts.
These values can of course be changed to any you may prefer.
Rhapsodyy's Combo SMAEMA's v1.1
SMA's with Painted Labels : 10/30/50/80/200
EMA's with Painted Labels : 21/50/89/200/377
50SMA / 200SMA Golden & Death Crosses on Current Timeframe & Alerts
Daily 50SMA / 200SMA Golden & Death Crosses overlayed onto Current Timeframe & Alerts
50EMA / 200EMA Golden & Death Crosses on Current Timeframe & Alerts
Daily 50EMA / 200EMA Golden & Death Crosses overlayed onto Current Timeframe & Alerts
Ultimate EMA ScreenerHello traders
Very busy preparing a few stuff for Black Friday but wanted to remind that I still know Pinescript and how to step up my game :)
My master @RicardoSantos once again showed me how to push the pinescript limits one step/dimension further. Kudo also to my client (Judy) for this amazing idea.
I inspired myself from his script () to display multiple assets in the same panel - without breaking the chart scaling.
In that case, I'm comparing 5 EMAs relatively to each other and display:
- a square if they're stacked properly
- a triangle if two of them are stacked properly
- a dash otherwise
For those interested, the conditions are in the f_securitys function.
I posted in the past a few screeners using labels but we're limited to 50 labels per script. There isn't such limitation when using the plotshape function - giving us more complete screeners. #uhuuuu
I'll post a few more examples this week with different trading strategies/combinations. The possibilities here are (close to) limitless.
I'm using the security built-in function to call external assets (here different forex pairs) and we're limited to 40 security calls per script.
But nothing preventing us from duplicating the same script a few times and calling different assets each time :) If you'd like to display 10 forex pairs, you only need to add that script on your chart twice and select 5 pairs for the first panel, 5 other pairs for the second panel.
You're welcome <3
All the BEST
Dave
Trend Direction Helper (ZigZag and S/R and HH/LL labels)Hey everyone
First of all, I'd like to thank Ricardo Santos, Backtest Rookies for the inspiration for this script.
Actually, most of it is coming from them and I only mixed them up (and added my secret sauce ^^). If some of you are not thinking about a trading secret sauce, please get serious for a moment :)
Some of you asked me how I do to set the trend direction. You all understood that if you get an UP label, then the price should go up and vice-versa for down.
But it's not so easy to define the good signals for each asset and each timeframe. I'm going to repeat what I said yesterday because ... well... that's what trading is about
So quoting myself here "The inputs set by default will have to be changed for your asset/timeframe and can't be generic for everything. You have to play with the inputs until the signals will make sense to you
The indicator/strategy with a unique configuration that you'll never check or update according to the market condition DOES NOT exit. "
BUT... a bit of patience and practice and you might do wonders.
The Method
I never realized until now but by connecting the higher highs/lower lows, I was drawing zigzag lines.
The Zig Zag Master is Ricardo Santos . Please give him a follow, he's awesome
For those who don't want to draw on the chart or (my preferred choice) need some inspiration to define your trend directions, this script is for YOU (and your family, your pet, your girlfriend/boyfriend, ...)
I think that each asset/timeframe chart has its own history. What worked in a post could work in the future.
In that regard, if a trend direction worked in the past, that's the parameter that I'll use to trade with it in a demo account and make sure it's relevant. If not then I will adjust
If you're trading with new indicators or a new method right away on your real trading account, you're gonna have a bad time imgflip.com
Lines EVERYWHERE
The script draws the classical horizontal pivots + the zig zag lines + the Higher Highs/Lower Lows label in just 1 script. I'm very excited to share a script (on which I coded 100 lines out of 500) but no one else did it
The horizontal pivots part are coming from Backtest Rookies
For more security, you can add a pullback on a moving average after getting a signal. Pullbacks are necessary to limit any eventual loss or maximize your gains by getting in the trend sooner.
I really give you a solid method and a great script in my opinion. 6 years of experience given away for FREE :p (when Dave will start thinking as a business man instead :O)
Does it repaint ?
Getting this question twice a day. You guys are obsessed with the repainting :)
Short answer, yes because it will calculate the pivots and zig zags whenever new higher highs/lower lows will be formed.
However, the trend direction code is based on the candle close so it shouldn't repaint. If it does, please let me know
See you all on Monday
Love you all
Dave
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Be sure to hit the thumbs up. Building those indicators take a lot of time and likes are always rewarding for me :) (tips are accepted too)
- If you want to suggest some indicators that I can develop and share with the community, please use my personal TRELLO board
- 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
Disclaimer:
Trading involves a high level of financial risk, and may not be appropriate because you may experience losses greater than your deposit. Leverage can be against you.
Do not trade with capital that you can not afford to lose. You must be aware and have a complete understanding of all the risks associated with the market and trading. We can not be held responsible for any loss you incur.
Trading also involves risks of gambling addiction.
Please notice I do not provide financial advice - my indicators, strategies, educational ideas are intended to provide only some source code for anyone interested in improving their trading
The proprietary indicators and strategies developed by Best Trading Indicator, the object of intellectual property rights are and remain the exclusive property of Best Trading Indicator, at the exclusion of images and videos and texts free of rights or provided by the Company or external legal or physical person.
No assignment of intellectual property rights is carried out through these Terms and Conditions.
Any total or partial reproduction, modification or use of these properties for any reason whatsoever is strictly prohibited without the express written authorization of the Company.
Your CRYPTO Screener - MACD 0 LAG editionHello traders
What's good?
1 - Quick introduction
This script is to demonstrate a proof-of-concept - showing you again what you thought wasn't possible might become (with some tricks) in the realm of possibles !!!.
I get requests for people who want a custom screener because the native TradingView Stocks/Forex/Crypto screeners don't allow to plug external indicators. (example: www.tradingview.com
This is entirely true and I have also good news for you, we can hack the system one more time. As Hackerman would say, "IT"S HACKING TIME !!!" (ref : KUNG FURY . (#geek #reference #done #for #today)
What if you could build your own personalized screener based on your custom indicator? "No Dave stop smoking, that's not possible, go back to eating your baguette". Say no more, let me present you my new script called YOUR CRYPTO Screener (MACD 0 LAG)
2 - What is a MACD ZERO LAG?
We'll all agree this indicator is NOT in the TradingView screeners so I'm not cheating here :)
A MACD ZERO LAG is a MACD that .... suspens.... wait for it.... DOES NOT lag.
The traditional MACD is based on exponential moving averages and as moving averages are lagging, then the MACD is lagging also. I'll spare you all the maths behind the MACD ZERO LAG but in short, this is a way more reactive indicator than the traditional MACD
I shared before the version that I personally use for my own trading : MACD 0 LAG nTREND coloring
3 - Crypto Screener specifications
If I could do a screener as complete as the native one, this would be wonderful but ... we cannot and this is due to technical reasons. To call indicators from different timeframes, I have to use the security function. And we're limited to 40 security calls per indicator.
That explains why I selected 4 crypto assets and 5 timeframes and the MACD zero lag output for each asset/timeframe - which gives a total of 4 * 5 * 2 = 40
You'll be able to select from the interface the 5 timeframes that you want for your screener
In this script, you'll get a :
- BUY whenever the MACD ZERO LAG for your asset/timeframe is green.
- SELL whenever the MACD ZERO LAG for your asset/timeframe is red.
4 - Can you hack it even more?
If you want to add other timeframes or assets, you can either, change the code or add the indicator on another chart.
I made the source code generic enough so that you can update it yourself easily
Example:
Chart 1 will list BTCUSD, ETHUSD, LTCUSD, and XRPUSD in m5/m15/m30/H1/H4 and Chart2 could list BTCUSD, ETHUSD, LTCUSD and XRPUSD in H6/H8/H12/Daily, etc...
Once again the sky (and your computer RAM capacity) is the limit
5 - Can you super hack it even more?
1/ This script is only a proof-of-concept that you can build your own custom screener. Imagine having the Algorithm Builder and being able to connect it in a single click to a custom screener using your own configuration :)
How coooooooooooooooool would that be!!!
This screener version will be available on my website in a few weeks along with all the tools I'm spamming you about since the beginning of July (#shameless #self-advertising)
2/ For a nicer scripter, let's keep in mind that TradingView just enabled Webhooks this week. This will allow my company to offer custom screeners design and hosted on your own website. Those screeners will be for sure nicer than the indicator version
That's it for today and for this week
I won't even touch the laptop this weekend and will enjoy life a bit
Love you all
Dave
____________________________________________________________
Be sure to hit the thumbs up. Building those indicators take a lot of time and likes are always rewarding for me :) (tips are accepted too)
- If you want to suggest some indicators that I can develop and share with the community, please use my personal TRELLO board
- 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
Supertrend MTF Heatmap V2Hello traders and aspiring Pinescripters
You might remember this script Supertrend-Heatmap-Multi-timeframes/ ?
A follower, asked me in a comment to do a version where YOU guys can select the timeframes
Well... what follower asks, follower (sometimes) gets. I'm not Santa Claus but this is Christmas with a few months in advance (#oh #oh #oh)
Crypto Prices InfoPanel V2Hello traders
Following the introduction of ByBit to TradingView ByBit on TradingView
I decided to upgrade my previous Bitcoin InfoPanel Bitcoin-Prices-InfoPanel/
Now it's more dynamic (thumbs up) but only work with Bitcoin, Ethereum and Litecoin . If you select any other asset than those 3, the script won't work
This is due to a technical limitation on TradingView because I can't do more than 40 security calls per script
If you don't know what the security function is, here's a reminder : Security documentation . If you don't know what is TradingView... I cannot do anything for you...
Now you can use this panel to have a very cool arbitrage view directly from TradingView and use the info to gamble between brokers (not financial advice)
See you all tomorrow for a huge update regarding the Strategy Builder. I'll show you how to connect it to a Backtest system
____________________________________________________________
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
Risk/Reward (InfoPanel)Hello ladies (if any in my followers ?) and gentlemen
Here's your indicator of the day and once again given for FREE. What I'm going to say to my landlord if I can't pay rent because I'm not asking for $$ ?
I'll probably send the next indicators from below the town brige. Even then... I will still comply with my challenge to share 1 original indicator a day and not a copy of what already exists
The today indicator is to show you the great possibilites behind the TradingView Label object : Label
Profit And Loss LABEL
I thought about that one for a while and wanted to share how we can calculate dynamically a Risk to Reward ratio .
This indicator is not based on the price on the chart. I repeat before getting the question asked me privately 10 times This indicator is not based on the price on the chart.
"Then it's not useful dude, you're dumb". I agree and.... I agree... BUT you can now calculate your Risk to Reward ratio on TradingView directly rather than using an external Excel file. Who's dumb now :) ?
For those curious about it, I used this formula for the R:R ratio formula Calculating-risk-reward.asp
It will also display the Profit and Loss data based on your inputs only
ERRORS LABEL
I also added some basic errors management. If any error occur when you'll type your inputs, then a very mean Error label will appear and you'll have to fix the issues in less than a few seconds.
Otherwise your computer will explode (KABOOOOM) and your trading capital will be redirected to my own insurance fund (I have a family to feed, thanks for your sacrifices)
(end of joke)
In more seriousness, the engine will check if the TP1/TP2/Stop Loss/Entry price combinaisons makes sense. If not, you''ll be punished with an error label.
You can use this methodology for your own indicators in the futur to display dynamic messages based on users' inputs and/or current price on the chart
The educational video giving more details is coming right up.
You can watch it and should be located under "IDEAS"
Wshing you all a very fruitful end of your day and see you tomorrow for the last indicator of the week (baby David is tired and need his rest)
Dave
SMA 50 collector V2Hi everyone
The today script is an upgrade on steroids of my previous SMA 50 collector
Why this script ?
The SMA 50 is known to define a trend. If price is closing above, trend is bullish , if below, trend is bearish.
That's why I like to have all of them in all timeframes on my chart :)
Those are very relevant for all assets class : FOREX, INDEX, STOCKS, CRYPTO, ...
What's the update ?
I added new timeframes and developped a small optimization to get those labels placed on the right hand side of your screen.
"Is it really useful sir ?" Well, you certainly noticed that looking at a chart on tradingview mobile is not ideal (indicators overlapping, indicator names taking too much space and so on...)
When you'll deactivate the indicator name label display from tradingview, you can activate mine which will look way nicer on your mobile (and even Desktop).
This concept was greatly inspired by @scarf :
HOW TO USE IT ?
You can activate/deactivate the SMA50 you (don't) need in the style section of the indicator configuration UI. You'll just have to uncheck/check. Simple right :) ?
See y'all tomorrow for the next indicator or idea. The one for tomorrow should blow your mind as it certainly did when I discovered and optimized it
Enjoy
Dave
Bitcoin Prices InfoPanelHello traders
This script is based on the great Ricardo Santos InfoPanel script
It will display all the Bitcoin prices
The script is public so you can adjust according to your own needs
PS
You might have to scroll right on your chart to see the panel
Enjoy :)
Dave
GoldenCross & DeathCrossBNC:BLX
Its a simple Golden- and Death-Cross Indicator BNC:BLX
... it highlights the Crosses and labels them. It also highlights the bar where the cross happend.
Enjoy and buy me a coffee if you liked it.
ETH: 0x4F27c7eC42b898E0B79fA9a35dC9b585e4c56579
RSI LabelAdds a purple label to the right of price if RSI is overbought or oversold, otherwise it doesn't show anything at all, nada. Handy for people (like me) who often focus on price action and forget to watch the RSI
Trading Amount TipsIt is important to manage trading amount according to market status.
This indicator allows users to display trading amount on the screen.
A ratio of 0-9 : 0-9 for long amount vs short amount.
Amount ratio can be set in format setting - style.
Users can move the labels to left or right in format - input - offset.
CM_Williams_Vix_Fix_V3_Upper_Text PlotsWilliams Vix Fix Text Plots! Alert Capable!
Use With Lower Indicator or as Single Indicator!
Has Text Plots For All Plot Types Lower Indicator Uses.
To Get Lower Indicator:
Info On Lower Indicator - Discussion: