█ OVERVIEW This tool is based on both Bollinger Bands and Keltner Channels, and measures 3 distances between the two, respectively. Upper Kelt to Upper Bollinger Band Lower Kelt to Lower Bollinger Band Kelt Basis to Bollinger Basis Basis Similar to the Band Width indicator, this can be used as a measure of volatility, and can be used to measure...
This script is a variation on the SuperTrend. The original function is from Tradingview, the difference is that I added a calculation with RSI First 50 is subtracted from the RSI. The absolute value of this number is on its turn divided with 100 or 50 (settings: 'Divide RSI value by') -> this gives the 'aRSI', which is similar to a percentage Finally a last...
The Turtle Trading approach* is a trend following system that uses volatility for position size. *(Richard Dennis & William Eckhardt ) Turtle traders use the N unit system for risk management, which has its own advantages. This indicator offers beginners a simple interface that uses the same logic. Using ATR (Average True Range) to measure volatility. The...
Basically: F - Fibonacci levels F - fractals: retracement of retracement A - absolute: based on two fixed points instead user chosen Fibonacci points A - auto: automatically draws based on volatility Explanation: This script will automatically trace TWO Fibonacci levels from these points: - ALL TIME HIGH (ATH) and ALL TIME LOW ( ATL ) prices This is our first...
Introduction Here, I modified the script "Trend Intensity Index" (TII) of @everyget. TTI was developed by M.H. Pee, who also published other trend analysis indicators like the Trend Trigger/Continuation Factor It helps to determine how strong the current trend is. The stronger the trend, the higher the chance the price may continue moving in the current...
Use with cryptocurrencies only is highly recommended. If the volume in a currency is not visible, adjust the "Factor" number higher in the "Inputs" tab. . There will be a noticeable jump in the scale of the indicator if it is set too high. The "Factor" is scaled at a baseline for SHIB prices. Any lower price scales than SHIB's will not show the volume. i can be...
this one can be used for over-bought and oversold 1d time frame is the best time frame for using this indicator RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI can do more than point to overbought and oversold securities. It can also indicate...
Library "CSMlibrary" TODO: Contains functions to simplify my scripts. Using code snippets in reference manual and elsewhere ..... CSMplot()
Library "Slope_TK" This library calculate the slope of a serie between two points The serie can be ta.ema(close,200) for example The size is the number of bars between the two points for the slope calculation, for example it can be 10 slope_of_ema200 = slope(t a.eam(close, 200) , 10 ) slope( float serie, int size )
This indicator plots the 3 main trading zones : Asia, London, New York Its is also possible to use a different color for the "High Trading Volume" timezone. It can be adjusted. Default is the overlapping time of London and New York Killzone It also plots the CME open / close This indocator can be used as example / copy for your own project! Have fun!
This is an indicator that shows the inflow and outflow of volume into a financial instrument. Volume is likely one of the most underrated source of data in trading unfortunately so there seems to be a lack of studies on it. The size of the candle is related to the strength of the move. The calculations for this are: cumulative sum of +volume if open < close OR...
This is an indicator that shows the inflow and outflow of volume into a financial instrument. Volume is likely one of the most underrated source of data in trading unfortunately so there seems to be a lack of studies on it. The size of the candle is related to the strength of the move. The calculations for this are: cumulative sum of +volume if open < close OR...
This is a smoothed rsi indicator. That means that the input for the rsi calculations is smoothed. This results in faster and smoother responses from the rsi! On top of that I have incorporated an advanced formula for rsi that will amplify weak signals. This means you can use longer times with accuracy. For instance if you are on the 3 minute and you want a 30...
Library "libcompress" numbers compressor for large output data compression compress_fp24() converts float to base64 (4 chars) | 24 bits: 1 sign + 5 exponent + 18 mantissa Returns: 4-character base64_1/5/18 representation of x compress_ufp18() converts unsigned float to base64 (3 chars) | 18 bits: 5 exponent + 13 mantissa Returns: 3-character...
Backtesting Mark Miniverni Template By Donnie Lee Overall, a good basic guideline from Mark Miniverni to choose which stock to buy. His selection are said to be stocks in stage 2 uptrend phase which could see price surge soon. This script enable backtesting of Mark template (Investor's Business Ranking Excluded) on equity like stocks Further fine tuning with...
Still experimental. Extending further on the divergence backtest results - in this script we try to project next 2 pivots (including one unconfirmed pivot) 🎲 Previous experiments 1. Divergence-Backtester 2. Divergence-Backtester-V2 🎲 Additions Apart from collecting the stats on number of occurrences of HH, HL, LH, LL - this script also keeps track of...
Display three DACC plots simultaneously, to visualize both directional (up on top, down at bottom) and adirectional DACC (in the middle) simultaneously. Delta Agnostic Correlation calculates a correlation between two symbols based only on the sign of their changes using a Sign Test (en.m.wikipedia.org), regardless of the amplitude of price change. Compared to a...
Library "racille_arrayutils" The most used array utility functions func_sin() returns sin function as a parameter to calculate the function_array() func_cos() returns cos function as a parameter to calculate the function_array() func_tan() returns tan function as a parameter to calculate the function_array() func_cot() returns cot function...