Hello Guys! Nice to meet you all! This is my second script! This Logic is trend following logic, This detects long & short trends by comparing the value of MAs. This fits to the longer time frame. ### Long Condition 1. Compare 4 MAs (you can chose MA Type) - Shortest MA (MA 1) - Shorter MA (MA 2) - Normal MA (MA 3) - Longer MA (MA 4) 2. If MA 1 > MA 2 > MA 3 > MA...
A simple script involving exponential moving averages. It draws on 5 customizable lookback periods for the EMA and draws it on the chart. From backtesting, periods of confluence between all of the exponential moving averages lead to trades with an increased probability of working out. I have also taken the liberty and added the feature of including higher...
A simple indicator that displayers as a table, telling you whether or not the stock you have selected has a current price that is less than 67% of the company's net current asset value per share (NCAVPS) at its last reporting period (FQ, FY, TTM). Benjamin Graham uses this 67% rule to decide whether or not a stock is significantly undervalued, and studies have...
Hey everyone! Publishing my first script ever. This script explores the concept of mean reversion and how markets typically react to sub cycle highs and lows. I also added in a divergence formula to make it easier to spot probable turning points in market sentiment. If you are interested in the script, do drop me a DM to request for access.
TradingView enables traders and investors to make smarter and better investment decisions. TradingView offers to scan 20 or 40 stock or index. Scanner can be shown in dash board as shown in above image. This dashboard has following figure 1.Column No.1 show sectoral and thematic index. 2. The price is slipped due to aggressive order punched by market...
Interactive script to calculate lot and position size when you use TradingView to trade on FTX or OKX. You can also use multi positions for DCA strategy. After adding an indicator and making an initial interactive selection on the chart, you can modify the selection points by selecting the indicator and moving the points on the chart.
Hello Guys! Nice to meet you all! This is my second script! This Logic is trend following logic, This detects long & short trends by comparing the value of MAs. This fits to the longer time frame. ### Long Condition 1. Compare 4 MAs (you can chose MA Type) - Shortest MA (MA 1) - Shorter MA (MA 2) - Normal MA (MA 3) - Longer MA (MA 4) 2. If MA 1 > MA 2 > MA 3 >...
TMO - (T)rue (M)omentum (O)scillator) MTF (Higher Aggregation) Version TMO calculates momentum using the DELTA of price. Giving a much better picture of the trend, reversals & divergences than most momentum oscillators using price. Aside from the regular TMO, this study combines four different TMO aggregations into one indicator for an even better picture of the...
Suchit RSI CCI strategy uses the Relative Strength Index and Commodity Channel Index levels and their movement for buy and sell calls
🔮☁️ This is the BASIC version of the PROBABILITY CLOUD indicator. It is an evolution beyond traditional standard deviation probabilistic indicators only using bands or channels. The new PROBABILITY CLOUD graphic representation with customizable transparent layers is based on -2 / +2 standard deviation calculated using 20 fixed predetermined time periods, and is...
This is the typical Relative Strength Index indicator with two moving averages, one slow (length 50 by default) and one fast (length 20 by default). Additionally, there are four lines, which mark the oversold/overbought signals at different levels, there are two inner bands with values at the levels 40, and 60, and two outer bands at the levels 20, and 80. The...
Cox-Ross-Rubinstein Binomial Tree Options Pricing Model is an options pricing panel calculated using an N-iteration (limited to 300 in Pine Script due to matrices size limits) "discrete-time" (lattice based) method to approximate the closed-form Black–Scholes formula. Joshi (2008) outlined varying binomial options pricing model furnishes a numerical approach...
The Morning Scalp Strategy combines the 50EMA with the Stochastic Momentum Index. The morning period is when penny stocks usually have the highest volatility, so the strategy works between 10:00 AM and 12:10 PM. ***It opens only long positions. The ideal timeframe for this scalping strategy is 5 minutes on low-price stocks. The stock should spike in the morning...
Trend visualization tool in Wave theory. Unlike Elliot waves, it has a constant pattern length. The formation consists of impulse and 3 corrections. The script analyzes candle relationships in the currect trend, trend will be continueted until candle are not breaking trend rules. Currently it supports 2 rulesets/wave variants: Low - More sensitive (trend will...
The algorithm is related to darvas theory. Creates resistance and support levels by creating boxes on the chart layout. It creates flag icons in the form of Down (A) or Up (Y) according to these box breaks about the trend. Considering the Darvas strategy, it also provides convenience in trailing stop. -Alarm adding feature is available. -Box color change can be...
This Indicator has the purpose that traders can see the opening of the different sessions on the chart in a clean and visually pleasing way . By a dding the script to your chart , vertical lines will automatically appear at the specific opening hours of each session What schedules are used by the Script? The New York session starts at 07:30 GMT and its...
Trend visualization tool in Wave theory. This script allows to observe wave directions (trends) at 3 higher intervals. For each candle, 3 rectangles are shown with their color, showing the current trend in a given interval/timeframe. By default, green is an uptrend and red is a downtrend. Currently it supports 2 rulesets/wave variants: Low - More sensitive...
Custom timeframe trend wisualization tool in Wave theory. In script setting you can specify based on which timeframe (1D by default) data visaulizaction will be made. It's usefull in short time/day traiding where on the small interval you would like to see more global/bigger interval situation. If it's you case, please check "Waves Pro Trends", that gives...