Empiece

Buscar en scripts para "trend"

Motive Wave Scanner [Trendoscope®]Motive Wave Scanner is a simple algorithm to find out motive waves as per the rules of Elliott Wave theory. It is an extension to our previous open source script Interactive Motive Wave Checklist which provides interactive capability to select six points of a five wave formation. Once users select them, the rules of motive waves are applied to manually selected points to highlight them as either diagonal wave, motive wave or none. This indicator does the same. But, instead of requesting the pivots manually from the user, the indicator automatically picks and scans them through zigzag. We have already published a similar script as protected source. But, due to some changes in the pine engine, there have been few issues in the runtime. In this publication, we not only address those runtime issues but also making it open source for the users to make use of the source code and enhance it further. 🎲 What are motive waves Motive waves are strong upward or downward movement with 5 subwaves. Motive Wave in the upward direction will start with Swing High, Ends with Swing High and consists of 3 Higher Highs and 2 Higher Lows representing strong upward trend. Motive Wave in the downward direction will start with Swing Low, Ends with Swing low and consists of 3 Lower Lows and 2 Lower Highs representing strong downward trend. 🎲 Types of Motive Waves Motive Waves are broadly classified by two types: Impulse Waves Diagonal Waves Diagonal Waves are further classified into Contracting and Expanding Diagonals. These can fall into the category of either leading diagonal and ending diagonal. 🎲 Rules of Motive Waves 🎯 Generic Rule of any motive waves are as follows Should consist of 5 alternating waves. (Swing High followed by Swing low and vice versa) This can start from Swing High and end in Swing High or start from Swing Low and end in Swing Low of a zigzag. Wave-2 should not move beyond Wave-1. This means, the Wave-2 is always shorter than Wave-1 with respect to distance between the price of start and end. Wave-3 always moves beyond Wave-1. This means, the Wave-3 is always longer than Wave-2 in terms of price Among Wave-1, Wave-3, and Wave-5, Wave-3 is never the shortest one. This means, either Wave-1 or Wave-5 can be longer than Wave-3 but not both. Wave-3 can also be longest among the three. Here is the pictorial representation of the rules of the Motive Waves For a wave to be considered as motive wave, it also needs to follow the rules of either impulse or diagonal waves. 🎯 Rules for a 5 wave pattern to be considered as Impulse Wave are: Wave-4 never overlaps with Wave-1 price range Wave-1, Wave-3 and Wave-5 should not be either expanding or contracting. Meaning, we cannot have Wave-1 > Wave-3 > Wave-5 , and we cannot have Wave-1 < Wave-3 < Wave-5 Pictorial representation of the impulse wave rules are as below: 🎯 Rules for the Diagonal Waves are as follows Contrary to the first rule of impulse wave, in case of diagonal wave, Wave-4 always overlaps with Wave-1 price range. But, it will not go beyond Wave-3 Waves are progressively expanding or contracting - Wave1 > Wave3 > Wave5 and Wave2 > Wave4 to be contracting diagonal. Wave1 < Wave3 < Wave5 and Wave2 < Wave4 to be expanding diagonal wave. Pictorial representation of the Contracting Diagonal Wave is as below. Here, the Wave-1, Wave-3 and Wave-5 are in contracting formation. Pictorial representation of the Expanding Diagonal Wave is as below. Here, the Wave-1, Wave-3 and Wave-5 are in expanding formation. 🎲 Indicator Settings Indicator settings are defined as below: Repaint Warning : If Repaint is selected, the indicator will throw a runtime error after certain bars or when alerts are set. This is due to some pine internal issue. At present, we do not have any solution for this until the internal issue is resolved by Tradingview Pine Team.
Indicador Pine Script®
por Trendoscope
7
Auto Chart Patterns [Trendoscope®]🎲 Introducing our most comprehensive automatic chart pattern recognition indicator. Last week, we published an idea on how to algorithmically identify and classify chart patterns. This indicator is nothing but the initial implementation of the idea. Whatever we explained in that publication that users can do manually to identify and classify the pattern, this indicator will do it for them. 🎲 Process of identifying the patterns. The bulk of the logic is implemented as part of the library - chartpatterns . The indicator is a shell that captures the user inputs and makes use of the library to deliver the outcome. 🎯 Here is the list of steps executed to identify the patterns on the chart. Derive multi level recursive zigzag for multiple base zigzag length and depth combinations. For each zigzag and level, check the last 5 pivots or 6 pivots (based on the input setting) for possibility of valid trend line pairs. If there is a valid trend line pair, then there is pattern. 🎯 Rules for identifying the valid trend line pairs There should be at least two trend lines that does not intersect between the starting and ending pivots. The upper trend line should touch all the pivot highs of the last 5 or 6 pivots considered for scanning the patterns The lower trend line should touch all the pivot lows of the last 5 or 6 pivots considered for scanning the patterns. None of the candles from starting pivot to ending pivot should fall outside the trend lines (above upper trend line and below lower trend line) The existence of a valid trend line pair signifies the existence of pattern. What type of pattern it is, to identify that we need to go through the classification rules. 🎲 Process of classification of the patterns. We need to gather the following information before we classify the pattern. Direction of upper trend line - rising, falling or flat Direction of lower trend line - rising, falling or flat Characteristics of trend line pair - converging, expanding, parallel 🎯 Broader Classifications Broader classification would include the following types. 🚩 Classification Based on Geometrical Shapes This includes Wedges - both trend lines are moving in the same direction. But, the trend lines are either converging or diverging and not parallel to each other. Triangles - trend lines are moving in different directions. Naturally, they are either converging or diverging. Channels - Both trend lines are moving in the same direction, and they are parallel to each other within the limits of error. 🚩 Classification Based on Pattern Direction This includes Ascending/Rising Patterns - No trend line is moving in the downward direction and at least one trend line is moving upwards Descending/Falling Patterns - No trend line is moving in the upward direction, and at least one trend line is moving downwards. Flat - Both Trend Lines are Flat Bi-Directional - Both trend lines are moving in opposite direction and none of them is flat. 🚩 Classification Based on Formation Dynamics This includes Converging Patterns - Trend Lines are converging towards each other Diverging Patterns - Trend Lines are diverging from each other Parallel Patterns - Trend Lines are parallel to each others 🎯 Individual Pattern Types Now we have broader classifications. Let's go through in detail to find out fine-grained classification of each individual patterns. 🚩 Ascending/Uptrend Channel This pattern belongs to the broader classifications - Ascending Patterns, Parallel Patterns and Channels. The rules for the Ascending/Uptrend Channel pattern are as below Both trend lines are rising Trend lines are parallel to each other 🚩 Descending/Downtrend Channel This pattern belongs to the broader classifications - Descending Patterns, Parallel Patterns and Channels. The rules for the Descending/Downtrend Channel pattern are as below Both trend lines are falling Trend lines are parallel to each other 🚩 Ranging Channel This pattern belongs to the broader classifications - Flat Patterns, Parallel Patterns and Channels. The rules for the Ranging Channel pattern are as below Both trend lines are flat Trend lines are parallel to each other 🚩 Rising Wedge - Expanding This pattern belongs to the broader classifications - Rising Patterns, Diverging Patterns and Wedges. The rules for the Expanding Rising Wedge pattern are as below Both trend lines are rising Trend Lines are diverging. 🚩 Rising Wedge - Contracting This pattern belongs to the broader classifications - Rising Patterns, Converging Patterns and Wedges. The rules for the Contracting Rising Wedge pattern are as below Both trend lines are rising Trend Lines are converging. 🚩 Falling Wedge - Expanding This pattern belongs to the broader classifications - Falling Patterns, Diverging Patterns and Wedges. The rules for the Expanding Falling Wedge pattern are as below Both trend lines are falling Trend Lines are diverging. 🚩 Falling Wedge - Contracting This pattern belongs to the broader classifications - Falling Patterns, Converging Patterns and Wedges. The rules for the Converging Falling Wedge are as below Both trend lines are falling Trend Lines are converging. 🚩 Rising/Ascending Triangle - Expanding This pattern belongs to the broader classifications - Rising Patterns, Diverging Patterns and Triangles. The rules for the Expanding Ascending Triangle pattern are as below The upper trend line is rising The lower trend line is flat Naturally, the trend lines are diverging from each other 🚩 Rising/Ascending Triangle - Contracting This pattern belongs to the broader classifications - Rising Patterns, Converging Patterns and Triangles. The rules for the Contracting Ascending Triangle pattern are as below The upper trend line is flat The lower trend line is rising Naturally, the trend lines are converging. 🚩 Falling/Descending Triangle - Expanding This pattern belongs to the broader classifications - Falling Patterns, Diverging Patterns and Triangles. The rules for the Expanding Descending Triangle pattern are as below The upper trend line is flat The lower trend line is falling Naturally, the trend lines are diverging from each other 🚩 Falling/Descending Triangle - Contracting This pattern belongs to the broader classifications - Falling Patterns, Converging Patterns and Triangles. The rules for the Contracting Descending Triangle pattern are as below The upper trend line is falling The lower trend line is flat Naturally, the trend lines are converging. 🚩 Converging Triangle This pattern belongs to the broader classifications - Bi-Directional Patterns, Converging Patterns and Triangles. The rules for the Converging Triangle pattern are as below The upper trend line is falling The lower trend line is rising Naturally, the trend lines are converging. 🚩 Diverging Triangle This pattern belongs to the broader classifications - Bi-Directional Patterns, Diverging Patterns and Triangles. The rules for the Diverging Triangle pattern are as below The upper trend line is rising The lower trend line is falling Naturally, the trend lines are diverging from each other. 🎲 Indicator Settings - Auto Chart Patterns 🎯 Zigzag Settings Zigzag settings allow users to select the number of zigzag combinations to be used for pattern scanning, and also allows users to set zigzag length and depth combinations. 🎯 Scanning Settings Number of Pivots - This can be either 5 or 6. Represents the number of pivots used for identification of patterns. Error Threshold - Error threshold used for initial trend line validation. Flat Threshold - Flat angle threshold is used to identify the slope and direction of trend lines. Last Pivot Direction - Filters patterns based on the last pivot direction. The values can be up, down, both, or custom. When custom is selected, then the individual pattern specific last pivot direction setting is used instead of the generic one. Verify Bar Ratio - Provides option to ignore extreme patterns where the ratios of zigzag lines are not proportionate to each other. Avoid Overlap - When selected, the patterns that overlap with existing patterns will be ignored while scanning. Meaning, if the new pattern starting point falls between the start and end of an existing pattern, it will be ignored. 🎯 Group Classification Filters Allows users to enable disable patterns based on group classifications. 🚩 Geometric Shapes Based Classifications Wedges - Rising Wedge Expanding, Falling Wedge Expanding, Rising Wedge Contracting, Falling Wedge Contracting. Channels - Ascending Channel, Descending Channel, Ranging Channel Triangles - Converging Triangle, Diverging Triangle, Ascending Triangle Expanding, Descending Triangle Expanding, Ascending Triangle Contrcting and Descending Triangle Contracting 🚩 Direction Based Classifications Rising - Rising Wedge Contracting, Rising Wedge Expanding, Ascending Triangle Contracting, Ascending Triangle Expanding and Ascending Channel Falling - Falling Wedge Contracting, Falling Wedge Expanding, Descending Triangle Contracting, Descending Triangle Expanding and Descending Channel Flat/Bi-directional - Ranging Channel, Converging Triangle, Diverging Triangle 🚩 Formation Dynamics Based Classifications Expanding - Rising Wedge Expanding, Falling Wedge Expanding, Ascending Triangle Expanding, Descending Triangle Expanding, Diverging Triangle Contracting - Rising Wedge Contracting, Falling Wedge Contracting, Ascending Triangle Contracting, Descending Triangle Contracting, Converging Triangle Parallel - Ascending Channel, Descending Channgel and Ranging Channel 🎯 Individual Pattern Filters These settings allow users to enable/disable individual patterns and also set last pivot direction filter individually for each pattern. Individual Last Pivot direction filters are only considered if the main "Last Pivot Direction" filter is set to "custom" 🎯 Display Settings These are the settings that determine the indicator display. The details are provided in the tooltips and are self explanatory. 🎯 Alerts A basic alert message is enabled upon detection of new pattern on the chart.
Indicador Pine Script®
por Trendoscope
135
Multi-Timeframe Recursive Zigzag [Trendoscope®]🎲 Welcome to the Advanced World of Zigzag Analysis Embark on a journey through the most comprehensive and feature-rich Zigzag implementation you’ll ever encounter. Our Multi-Timeframe Recursive Zigzag Indicator is not just another tool; it's a groundbreaking advancement in technical analysis. 🎯 Key Features Multi Time-Frame Support - One of the rare open-source Zigzag indicators with robust multi-timeframe capabilities, this feature sets our tool apart, enabling a broader and more dynamic market analysis. Innovative Recursive Zigzag Algorithm - At its core is our unique Recursive Zigzag Algorithm, a pioneering development that powers multiple Zigzag levels, offering an intricate view of market movements. This proprietary algorithm is the backbone of our advanced pattern recognition indicators. Sub-Waves and Micro-Waves Analysis - Dive deeper into market trends with our Sub-Waves and Micro-Waves feature. Sub-Waves reveal the interconnectedness of various Zigzag levels, while Micro-Waves offer insight into the fundamental waves at the base level. Enhanced Indicator Tracking - Integrate and track your custom indicators or oscillators with the zigzag, capturing their values at each Zigzag level, complete with retracement ratios. This offers a comprehensive view of market dynamics. Curved Zigzag Visualization - Experience a new way of visualizing market movements with our Curved Zigzag Display, employing Pine Script’s polyline feature for a more intuitive and visually appealing representation. Built-in Customizable Alerts - Stay ahead with built-in alerts that can be customized via user input settings. 🎯 Practical Applications Our Zigzag Indicator is designed with an understanding of its inherent nature - the last unconfirmed pivot that consistently repaints. This characteristic, while by design, directs its usage more towards pattern recognition rather than direct identification of market tops and bottoms. Here's how you can leverage the Zigzag Indicator: Harmonic Patterns - Ideal for those familiar with harmonic patterns, this tool simplifies the manual spotting of complex XABCD, ABC, and ABCD patterns on charts. Chart Patterns - Effortlessly identify patterns like Double/Triple Taps, Head and Shoulders, Inverse Head and Shoulders, and Cup and Handle patterns with enhanced clarity. Navigate through challenging patterns such as Triangles, Wedges, Flags, and Price Channels, where the Zigzag Indicator adds a layer of precision to your breakout strategy. Elliott Wave Components - The indicator's detailed pivot highlighting aids in identifying key Elliott Wave components, enhancing your wave analysis and decision-making process. 🎲 Deep Dive into Indicator Features Join us as we explore the intricate features of our indicator in more detail. 🎯 Multi-Timeframe Capability Our indicator comes equipped with an input option for selecting the desired resolution. This unique feature allows users to view higher timeframe Zigzag patterns directly on their lower timeframe charts. 🎯 Recursive Multi Level Zigzag Our advanced recursive approach creates multi-level Zigzags from lower-level data. For instance, the level 0 Zigzag forms the base, calculated from specified length and depth parameters, while level 1 Zigzag is derived using level 0 as its foundation, and so forth. The indicator not only displays multiple Zigzag levels but also offers settings to emphasize specific levels for more detailed analysis. 🎯 Sub-Components and Micro-Components of Zigzag Wave Sub-components within a Zigzag wave consist of the previous level's Zigzag pivots. Meanwhile, the micro-components are composed of the base level (Level 0) Zigzag pivots encapsulated within the wave. 🎯 Curved Zigzag Experience a new perspective with our curved Zigzag display. This innovative feature utilizes the polyline curved option to automatically generate sinusoidal waves based on multiple points. 🎯 Indicator Tracking Default indicators such as RSI, MFI, and OBV are included, alongside the ability to track one external indicator at each Zigzag pivot. 🎯 Customizable Alerts Our indicator employs the `alert()` function for alert creation. While this means the absence of a customization text box in the alert settings, we've included a custom text area for users to create their own alert templates. Template placeholders include: {alertType} - type of alert. Either Confirmed Pivot Update or Last Pivot Update. Depends on the alert type selected in the inputs. When Last Pivot Update type is selected, the alerts are triggered whenever there is a new Zigzag Pivot. This may also be a repaint of last unconfirmed pivot. When Confirmed Pivot Update type is selected, the alerts are triggered only when a pivot becomes a confirmed pivot. {level} - Zigzag level on which the alert is triggered. {pivot} - Details of the last pivot or confirmed pivot including price, ratio, indicator values and ratios, subcomponent and micro-component pivots. 🎲 User Settings Overview 🎯 Zigzag and Generic Settings This involves some generic zigzag calculation settings such as length, depth, and timeframe. And few display options such as theme, Highlight Level and Curved Zigzag. By default, zigzag calculation is done based on the latest real time bar. An option is provided to disable this and use only confirmed bars for the calculation. Indicator Settings Allows users to track one or more oscillators or volume indicators. Option to add any indicator via external input is provided. 🎯 Alert Settings Has input fields required to select and customize alerts.
Indicador Pine Script®
por Trendoscope
22
Volume Spike Analysis [Trendoscope]The Volume Spike Analysis is designed to detect volume spikes in a trading instrument's data. Rather than relying on the traditional method of comparing volume to its moving average, this indicator employs a distinctive approach to ensure accuracy. Methodology Historical Volume Comparison: The indicator first assesses the current bar's volume, say 100k, and looks back historically to determine the last instance when the volume was equal to or exceeded this level. High Volume Bar Gap Calculation: The intervals or gaps between high volume bars are recorded. These gaps help in determining how common or rare a particular volume spike is. Spike Magnitude Determination: Here, the extent of the volume spike is gauged in relation to either the median, lowest, or average volume of the intervening bars. The reference metric (median, lowest, or average) can be chosen by the user through the "Volume Spike Reference" input parameter. Spike Percentile Analysis: The calculated spike magnitude (as a percentage of the reference volume) is cataloged. This collection aids in understanding the relative intensity of the current volume spike when compared to previous spikes. Threshold Comparisons: The indicator then compares the calculated "High Volume Distance Percentile" to the "Last High Volume Distance Percentile" and the "Volume Spike Percentile" to the "Volume Spike Threshold". If these values surpass the preset thresholds, the current bar is flagged as a high volume or volume spike bar. Visual Components Bar Highlighting : High volume or volume spike bars are accentuated with bright colors for easy identification. All other bars have increased transparency to reduce visual clutter. Distance from the High Volume Bar: Indication of the number of bars since the last high volume occurrence and its respective percentile. Comparative Factors: A factor representing the magnitude by which the current volume surpasses the lowest, median, and average volumes. Lowest, Median and Average Volumes: The lowest and median volumes are indicated by tooltips on lines marking the respective bars. The average volume is depicted as a dotted horizontal line, with a triangle marker tooltip revealing its value. This indicator offers a nuanced analysis of volume spikes, aiding traders in making more informed decisions.
Indicador Pine Script®
por Trendoscope
21
Band Based Trend FilterSimilar to RelativeBandwidthFilter , this script is also a simple trend filter which can be used to define your trading zone. 🎲 Concept On contrary to reversal mindset, we define trend when price hits either side of the band. If close price hits upper band then it is considered as bullish and if close price hits lower band, then it is considered bearish. Further, trend strength is measured in terms of how many times the price hits one side of the band without hitting other side. Hit is counted only if price has touched middle line in between the touches. This way price walks on the bands are considered as just one hit. 🎲 Settings Settings are minimal and details can be found in the tooltips against each parameters 🎲 Usage This can be used with your own strategy to filter your trading/non-trading zones based on trend . Script plots a variable called "Trend" - which is not shown on chart pane. But, it is available in the data window. This can be used in another script as external input and apply logic. Trend values can be 1 : Allow only Long -1 : Allow only short 0 : Do not allow any trades
Indicador Pine Script®
por Trendoscope
10
Extreme Trend Reversal Points [HeWhoMustNotBeNamed]Using moving average crossover for identifying the change in trend is very common. However, this method can give lots of false signals during the ranging markets. In this algorithm, we try to find the extreme trend by looking at fully aligned multi-level moving averages and only look at moving average crossover when market is in the extreme trend - either bullish or bearish. These points can mean long term downtrend or can also cause a small pullback before trend continuation. In this discussion, we will also check how to handle different scenarios. 🎲 Components 🎯 Recursive Multi Level Moving Averages Multi level moving average here refers to applying moving average on top of base moving average on multiple levels. For example, Level 1 SMA = SMA(source, length) Level 2 SMA = SMA(Level 1 SMA, length) Level 3 SMA = SMA(Level 2 SMA, length) .. .. .. Level n SMA = SMA(Level (n-1) SMA, length) In this script, user can select how many levels of moving averages need to be calculated. This is achieved through " recursive moving average " algorithm. Requirement for building such algorithm was initially raised by @loxx While I was able to develop them in minimal code with the help of some of the existing libraries built on arrays and matrix , I also thought why not extend this to find something interesting. Note that since we are using variable levels - we will not be able to plot all the levels of moving average. (This is because plotting cannot be done in the loop). Hence, we are using lines to display the latest moving average levels in front of the last candle. Lines are color coded in such a way that least numbered levels are greener and higher levels are redder. 🎯 Finding the trend and range Strength of fully aligned moving average is calculated based on position of each level with respect to other levels. For example, in a complete uptrend, we can find source > L(1)MA > L(2)MA > L(3)MA ...... > L(n-1)MA > L(n)MA Similarly in a complete downtrend, we can find source < L(1)MA < L(2)MA < L(3)MA ...... < L(n-1)MA < L(n)MA Hence, the strength of trend here is calculated based on relative positions of each levels. Due to this, value of strength can range from 0 to Level*(Level-1)/2 0 represents the complete downtrend Level*(Level-1)/2 represents the complete uptrend. Range and Extreme Range are calculated based on the percentile from median. The brackets are defined as per input parameters - Range Percentile and Extreme Range Percentile by using Percentile History as reference length. Moving average plot is color coded to display the trend strength. Green - Extreme Bullish Lime - Bullish Silver - range Orange - Bearish Red - Extreme Bearish 🎯 Finding the trend reversal Possible trend reversals are when price crosses the moving average while in complete trend with all the moving averages fully aligned. Triangle marks are placed in such locations which can help observe the probable trend reversal points. But, there are possibilities of trend overriding these levels. An example of such thing, we can see here: In order to overcome this problem, we can employ few techniques. 1. After the signal, wait for trend reversal (moving average plot color to turn silver) before placing your order. 2. Place stop orders on immediate pivot levels or support resistance points instead of opening market order. This way, we can also place an order in the direction of trend. Whichever side the price breaks out, will be the direction to trade. 3. Look for other confirmations such as extremely bullish and bearish candles before placing the orders. 🎯 An example of using stop orders Let us take this scenario where there is a signal on possible reversal from complete uptrend. Create a box joining high and low pivots at reasonable distance. You can also chose to add 1 ATR additional distance from pivots. Use the top of the box as stop-entry for long and bottom as stop-entry for short. The other ends of the box can become stop-losses for each side. After few bars, we can see that few more signals are plotted but, the price is still within the box. There are some candles which touched the top of the box. But, the candlestick patterns did not represent bullishness on those instances. If you have placed stop orders, these orders would have already filled in. In that case, just wait for position to hit either stop or target. For bullish side, targets can be placed at certain risk reward levels. In this case, we just use 1:1 for bullish (trend side) and 1:1.5 for bearish side (reversal side) In this case, price hit the target without any issue: Wait for next reversal signal to appear before placing another order :)
Indicador Pine Script®
por Trendoscope
82
Multi-ZigZag Multi-Oscillator Trend DetectorThis table is intended to give you snapshot of how price and oscillators are moving along with zigzag pivots. This is done in the same lines of Zigzag-Trend-Divergence-Detector But, here are the differences Table shows multiple oscillator movements at a same time instead of one selected oscillator Divergence is not calculated and also supertrend based trend. Trend can be calculated based on zigzag movements. However, lets keep this for future enhancements. This system also uses multiple zigzags instead of just one. ⬜ Process ▶ Derive multiple zigzags - Code is taken from Multi-ZigZag ▶ Along with zigzags - also calculate different oscillators and attach it to zigzag pivot. ▶ Calculate directions of zigzag pivots and corresponding oscillators. ▶ Plot everything in the table on last bar. ⬜ Table components Table contains following data: Directional legends are: ⇈ - Higher High (Green) ⇊ - Lower Low (Red) ⭡- Lower High (Orange) ⭣ - Higher Low (Lime) ⬜ Input Parameters ▶ Source : Default is close. If Unchecked - uses high/low data for calculating pivots. Can also use external input such as OBV ▶ Stats : Gives option to select the depth of output (History) and also lets you chose text size and table position. ▶ Oscillators : Oscillator length is derived by multiplying multiplier to zigzag length. For example, for zigzag 5, with 4 as multiplier, all oscillators are calculated with length 20. But, same for zigzag 8 will be 32 and so on. ▶ Available oscillators : CCI - Commodity Channel Index CMO - Chande Momentum Oscillator COG - Center Of Gravity MFI - Money Flow Index (Shows only if volume is present) MOM - Momentum oscillator ROC - Rate Of Change RSI - Relative Strength Index TSI - Total Strength Index WPR - William Percent R BB - Bollinger Percent B KC - Keltner Channel Percent K DC - Donchian Channel Percent D ADC - Adoptive Donchian Channel Percent D ( Adoptive-Donchian-Channel ) ⬜ Challenges There are 12 oscillators and each zigzag has different length. Which means, there are 48 combinations of the ocillators. First challenge was generating these values without creating lots of static initialization. Also, note, if the functions are not called on each bar, then they will not yield correct result. This is achieved through initializer function which runs on every bar and stores the oscillator values in an array which emulates multi dimensional array oscillator X zigzag length. Next challenge was getting these values within function when we need it. While doing so I realized that values stored in array also have historical series and calling array.get will actully get you the entire series and not just the value. This is an important takeaway for me and this can be used for further complex implementations. Thanks to @LonesomeTheBlue and @LucF for some timely suggestions and interesting technical discussions :)
Indicador Pine Script®
por Trendoscope
15
Zigzag Trend/Divergence DetectorPullbacks are always hardest part of the trade and when it happen, we struggle to make decision on whether to continue the trade and wait for recovery or cut losses. Similarly, when an instrument is trending well, it is often difficult decision to make if we want to take some profit off the table. This indicator is aimed to make these decisions easier by providing a combined opinion of sentiment based on trend and possible divergence. ⬜ Process ▶ Use any indicator to find trend bias. Here we are using simple supertrend ▶ Use any oscillator. I have added few inbuilt oscillators as option. Default used is RSI. ▶ Find divergence by using zigzag to detect pivot high/low of price and observing indicator movement difference between subsequent pivots in the same direction. ▶ Combine divregence type, divergence bias and trend bias to derive overall sentiment. Complete details of all the possible combinations are present here along with table legend ⬜Chart Legend C - Continuation D - Divergence H - Hidden Divergence I - Indeterminate ⬜ Settings ▶ Zigzag parameters : These let you chose zigzag properties. If you check "Use confirmed pivots", then unconfirmed pivot will be ignored in the table and in the chart ▶ Oscillator parameters : Lets you select different oscillators and settings. Available oscillators involve CCI - Commodity Channel Index CMO - Chande Momentum Oscillator COG - Center Of Gravity DMI - Directional Movement Index (Only ADX is used here) MACD - Moving average convergence divergence (Can chose either histogram or MACD line) MFI - Money Flow Index MOM - Momentum oscillator ROC - Rate Of Change RSI - Relative Strength Index TSI - Total Strength Index WPR - William Percent R BB - Bollinger Percent B KC - Keltner Channel Percent K DC - Donchian Channel Percent D ADC - Adoptive Donchian Channel Percent D ( Adoptive-Donchian-Channel ) ▶ Trend bias : Supertrend is used for trend bias. Coloring option color candles in the direction of supertrend. More option for trend bias can be added in future. ▶ Stats : Enables you to display history in tabular format. Overview of settings present here: ⬜ Notes Trend detection is done only with respect to previous pivot in the same direction. Hence, if chart has too many zigzags in short period, try increasing the zigzag length or chart timeframe. Similarly, if there is a steep trend, use lower timeframe charts to dig further. Oscillators does not always make pivots at same bar as price. Due to this some the divergence calculation may not be correct. Hence visual inspection is always recommended. ⬜ Possible future enhancements More options for trend bias Enhance divergence calculation. Possible options include using oscillator based zigzag as primary or using close prices based zigzag instead of high/low. Multi level zigzag option - Can be messy to include more than one zigzag. Option can be added to chose either Level1 or Level2 zigzags. Alerts - Alerts can only be added for confirmed pivots - otherwise it will generate too many unwanted alerts. Will think about it :) If I get time, I will try to make a video.
Indicador Pine Script®
por Trendoscope
150
Breakout Trend Trading Strategy - V2This is an alternate version of Breakout Trend Trading Strategy - V1 Only difference is, this strategy places stop orders based on calculated targets whereas V1 waits for price to close target levels and then places market orders. Hence, you will receive the target prices before trade executes in strategy. Parameters are same as that of Breakout Trend Trading Strategy - V1 There is one additional parameter on Trade Type - which permits user to allow only breakout, pullback or reverse trading or combination of all. Backtesting parameters remain same : Capital and position sizing : Capital and position sizing parameters are set to test investing 2000 wholly on certain stock without compounding. Initial Capital : 2000 Order Size : 100% of equity Pyramiding : 1 Test cases remain same : Positive : AAPL , AMZN , TSLA , RUN, VRT , ASX:APT Negative Test Cases: WPL , WHC , NHC , WOW, COL, NAB (All ASX stocks) Special test case: WDI Negative test cases still show losses in back-testing. I have attempted including many conditions to eliminate or reduce the loss. But, further efforts has resulted in reduction in profits in positive cases as well. Still experimenting. Will update whenever I find improvements. Comments and suggestions welcome :)
Estrategia Pine Script®
por Trendoscope
2
Trend Confirmation Dow TheoryTrend Confirmation as per Dow Theory Summary of Logic: ✅ Bullish Trend: Setup Bar: High > Previous High AND Low ≥ Previous Low Confirmation Bar: High > Highest High of last 3 candles, Low ≥ Setup Bar Low Trend Continues Until: Latest candle breaks 2nd last candle’s low → then trend becomes Bearish 🔻 Bearish Trend: Setup Bar: Low < Previous Low AND High ≤ Previous High Confirmation Bar: Low < Lowest Low of last 3 candles, High ≤ Setup Bar High Trend Continues Until: Latest candle breaks 2nd last candle’s high → then trend becomes Bullish
Indicador Pine Script®
por Shailesh70657
Trendline deluxeTrendline deluxe As someone said: "The best trend indicator is when you print the chart, put it on the wall and take a few steps back. If you now can identify the trend you're done!" This is an attempt of doing the same thing... I find it handy to switch the color of the trendline depending on the where the Trend is going. Especially when zooming in on the chart, the color tells you what the overall Trend is. Trendline deluxe comes with an extra twist in that it can be colored according to your Stock index of choice, but still be plotted according to the Stock at hand.
Indicador Pine Script®
por kruskakli
Trend Sentiment [racer8]Trend Sentiment is a trend indicator with enhanced graphics, that is, it has many different shades of blue and red. The brighter the blue, the more bullish. The brighter the red, the more bearish. It is a simple indicator with a basic formula: a = close > prev.close? ---> If yes, a = 1, otherwise a = 0. b = sma of a over n periods -----1st parameter, n...."Length" c = sma of b over j periods ----- 2nd parmeter, j..."Smoothing" plot (c) Is c > 0.5? ---> If yes, background color = blue, otherwise red. plot background color. plot 0.5 as dotted midline. The Trend Sentiment value represents the percentage of bullish force in the market. Signals are generated when it crosses the 50% mark. Values above 0.50 are bullish and values below 0.50 are bearish. Enjoy and hit the like button :)
Indicador Pine Script®
por racer8
2
Trend Flow Oscillator (CMF + MFI) + ADX## Trend Flow Oscillator (TFO + ADX) Indicator Description The Trend Flow Oscillator (TFO+ADX) combines two volume-based indicators, Money Flow Index (MFI) and Chaikin Money Flow (CMF), along with the Average Directional Index (ADX) into one comprehensive oscillator. This indicator provides traders with insights into momentum, volume flow, and trend strength, clearly indicating bullish or bearish market conditions. ### How the Indicator Works: 1. **Money Flow Index (MFI)**: * Measures buying and selling pressure based on price and volume. * Scaled from -1 to +1 (where positive values indicate buying pressure, negative values indicate selling pressure). 2. **Chaikin Money Flow (CMF)**: * Evaluates money flow volume over a set period, reflecting institutional buying or selling. * Also scaled from -1 to +1 (positive values suggest bullish accumulation, negative values bearish distribution). 3. **Average Directional Index (ADX)**: * Measures trend strength, indicating whether a market is trending or ranging. * Scaled from -1 to +1, with values above 0 suggesting strong trends, and values near or below 0 indicating weak trends or sideways markets. * Specifically, an ADX value of 0 means neutral trend strength; positive values indicate a strong trend. ### Indicator Levels and Interpretation: * **Zero Line (0)**: Indicates neutral conditions. When the oscillator crosses above zero, it signals increasing bullish momentum; crossing below zero indicates bearish momentum. * **Extreme Zones (+/- 0.75)**: * Oscillator values above +0.75 are considered overbought or highly bullish. * Oscillator values below -0.75 are considered oversold or highly bearish. * The indicator features subtle background shading to visually highlight these extreme momentum areas for quick identification. * Shading when values above or below the +/-1.0 level. * **Color Coding**: * Bright blue indicates strengthening bullish momentum. * Dark blue signals weakening bullish momentum. * Bright red indicates strengthening bearish momentum. * Dark maroon signals weakening bearish momentum.
Indicador Pine Script®
por VP_Futures
Trend Volatility Index (TVI)Trend Volatility Index (TVI) A robust nonparametric oscillator for structural trend volatility detection ⸻ What is this? TVI is a volatility oscillator designed to measure the strength and emergence of price trends using nonparametric statistics. It calculates a U-statistic based on the Gini mean difference across multiple simple moving averages. This allows for objective, robust, and unbiased quantification of trend volatility in tick-scale values. ⸻ What can it do? • Quantify trend strength as a continuous value aligned with tick price scale • Detect trend breakouts and volatility expansions • Identify range-bound market states • Detect early signs of new trends with minimal lag ⸻ What can’t it do? • Predict future price levels • Predict trend direction before confirmation ⸻ How it works TVI computes a nonparametric dispersion metric (Gini mean difference) from multiple SMAs of different lengths. As this metric shares the same dimension as price ticks, it can be directly interpreted on the chart as a volatility gauge. The output is plotted using candlestick-style charts to enhance visibility of change rate and trend behavior. ⸻ Disclaimer TVI does not predict price. It is a structural indicator designed to support discretionary judgment. Trading carries inherent risk, and this tool does not guarantee profitability. Use at your own discretion. ⸻ Innovation This indicator introduces a novel approach to trend volatility by applying U-statistics over time series to produce a nonparametric, unbiased, and robust estimate of structural volatility. 日本語要約 Trend Volatility Index (TVI) は、ノンパラメトリックなU統計量（Gini平均差）を使ってトレンドの強度を客観的に測定することを目的に開発されたボラティリティ・オシレーターです。 ティック単位で連続的に変化し、トレンドのブレイク・レンジ・初動の予兆を定量的に検出します。 未来の価格や方向は予測せず、現在の構造的ばらつきだけをロバストに評価します。
Indicador Pine Script®
por chikaharu
7
Trend Breakout [Uncle Sam Trading]Trend Breakout Indicator Overview The Trend Breakout Indicator is a powerful, non-repainting tool designed to help traders identify high-probability breakout and trend reversal setups on any market and timeframe. By leveraging pivot points, this indicator draws dynamic support and resistance channels, highlights counter-trend breakouts, and provides visual cues for market direction. It’s ideal for traders looking to simplify their analysis while targeting key price levels for entries and exits. Key Features Pivot-Based Channels: Draws a red upper channel (resistance) and a green lower channel (support) by connecting recent pivot highs and lows. Counter-Trend Breakout Signals: Blue “CT Breakup” signal (▲) when the price breaks above the upper channel during a downtrend, indicating a potential reversal or pullback. Orange “CT Breakdown” signal (▼) when the price breaks below the lower channel during an uptrend, signaling a potential downmove. Trend Visualization: Background color shifts to green for uptrends and red for downtrends, making it easy to gauge market direction. Customizable Settings: Adjust pivot detection sensitivity with “Pivot Left Bars” (default: 5) and “Pivot Right Bars” (default: 1), and control channel extension with “Channel Extension Bars” (default: 50). Optional Trend Signals: Enable “Show Trend Change Signals” to display trend shifts with green (uptrend) or red (downtrend) arrows. Alert Conditions: Set alerts for counter-trend breakouts and trend changes directly on TradingView. Example Performance (BTCUSDT, 1-Hour Chart) On the BTCUSDT 1-hour chart: A “CT Breakdown” signal appeared on April 6 at 8:00 AM at $82,700, followed by a drop to $74,400 within hours—a 10% move. A “CT Breakup” signal occurred on April 9 at 1:00 AM at $76,600, leading to a rally to $86,600 in a few hours—a 9% gain. These examples highlight the indicator’s ability to spot significant price movements, though results depend on market conditions, your trading style, and risk management. Settings Pivot Left Bars (default: 5): Number of bars to the left for pivot detection. Pivot Right Bars (default: 1): Number of bars to the right for pivot confirmation (ensures non-repainting signals). Channel Extension Bars (default: 50): How far the channels extend to the right. Show Pivot Points (default: true): Displays small triangles at pivot highs (maroon) and lows (navy). Show Counter-Trend Breakout Signals (default: true): Shows CT Breakup and CT Breakdown signals. Show Trend Change Signals (default: false): Displays trend shift arrows when enabled. How to Use Add the indicator to your chart via TradingView’s indicator library. Adjust the settings to match your trading style and timeframe. Watch for “CT Breakup” and “CT Breakdown” signals to identify potential trade setups. Use the background color (green/red) to confirm the current trend. Set alerts for breakouts or trend changes to stay updated on key signals. Always combine with proper risk management and your own analysis—past performance is not a guarantee of future results. Notes The indicator is non-repainting, meaning signals are confirmed and won’t disappear after they form. Works on any market (crypto, forex, stocks) and timeframe, such as the BTCUSDT 1-hour chart shown. Performance varies based on market volatility and your trading strategy. This is a free tool created to support the TradingView community—feedback is welcome in the comments! Disclaimer Trading involves risk, and this indicator is not a guaranteed predictor of future price movements. Always conduct your own analysis and manage risk appropriately. The examples provided (e.g., BTCUSDT signals) are for educational purposes only and reflect past performance, which may not repeat.
Indicador Pine Script®
por UncleSamTrading
4
Trend Heuristics (+Signals)Trend Heuristics - Enhanced Rolling VWAP with Smart Signals This indicator is an enhanced version of the Rolling VWAP (RVWAP) concept, originally based on PineCoders' ConditionalAverages library. It combines volume-weighted average price analysis with advanced signal detection for both sweeps and breakouts. Core Features 1. Rolling VWAP System - Implements a dynamic rolling VWAP that adapts to different timeframes - Includes standard deviation bands for volatility measurement - Offers flexible time period settings (fixed or auto-adjusting) - Provides customizable visual elements including bands and fills 2. Dual Signal System Sweep Signals Detects high-probability reversal points with these conditions: - Bullish Sweep: - Opens above upper band - Tests below upper band (low) - Closes above upper band - Shows stronger lower wick - Closes above previous high - Has favorable close position (upper 50% of candle) - Bearish Sweep: - Opens below lower band - Tests above lower band (high) - Closes below lower band - Shows stronger upper wick - Closes below previous low - Has favorable close position (lower 50% of candle) Breakout Signals Identifies potential trend changes with these conditions: - Bullish Breakout: - Opens below VWAP - Closes above upper band - Indicates strong momentum shift upward - Bearish Breakout: - Opens above VWAP - Closes below lower band - Indicates strong momentum shift downward Technical Details Base Components - Built upon PineCoders' ConditionalAverages library - Incorporates custom alert system via CustomAlertLib - Uses standard deviation for band calculations Customization Options - Adjustable standard deviation multiplier - Flexible time period settings - Independent controls for sweep and breakout signals - Customizable visual elements (colors, sizes, positions) - Custom alert message formatting Use Cases 1. Trend Following: - Use VWAP as dynamic support/resistance - Monitor breakout signals for trend changes 2. Mean Reversion: - Use sweep signals for counter-trend opportunities - Standard deviation bands for range identification 3. Volume Analysis: - VWAP provides volume-weighted price levels - Helps identify significant price levels Notes - Best performed on liquid instruments with consistent volume - Most effective on timeframes from 1hours to 4 hours and 1D, anything greater isn't very good - Recommended to use in conjunction with other technical analysis tools - Signals can be filtered based on higher timeframe trends Credits - Original Rolling VWAP concept by PineCoders
Indicador Pine Script®
por mindyourbuisness
Trend Maestro - Linear Regression & Volatility BandsTrend Maestro - Linear Regression & Volatility Bands Description: The "Trend Maestro - Linear Regression & Volatility Bands" indicator is meticulously designed to provide traders with a clear understanding of market trends through the application of linear regression techniques and enhanced market data visualization. This tool is essential for traders looking to interpret long-term trends and market stability. Here's how the indicator functions and what makes it a unique addition to your trading toolkit: 1. Linear Regression Calculation: At the heart of this indicator lies the linear regression calculation, which identifies the primary trend direction over a specified period. It does this by computing a line of best fit through the closing prices, helping to smooth out price fluctuations and highlight the prevailing trend direction. Users have the flexibility to adjust both the length of the regression and the offset period, enabling them to tailor the indicator's responsiveness to different market conditions. 2. Visualization Through Volatility Bands: The volatility bands, plotted at half, one, two, and three standard deviations around the linear regression line, serve primarily as a visualization tool rather than a basis for investment decisions. These bands: Measure the dispersion of price from the trend line, providing a graphical representation of volatility. Help traders visually assess the market's stability and the reliability of the current trend, with broader bands indicating higher volatility and narrower bands suggesting more stability. 3. Customization Features: The indicator offers customization options including toggle switches for bar color and the display of SD bands, enhancing visual clarity. These settings allow traders to personalize the display according to their visual preferences and analysis requirements. By incorporating these elements, the "Trend Maestro - Linear Regression & Volatility Bands" indicator offers a framework for understanding market trends through both quantitative calculations and qualitative visual aids. This makes it a valuable tool for those looking to make informed decisions based on longer-term market observations.
Indicador Pine Script®
por Mishari_Alr
Trend Trigger Factor w/ Discontinued Signal Lines [Loxx]Trend Trigger Factor w/ Discontinued Signal Lines is a Trend Trigger Factor indicator with floating boundary lines to identify trends earlier What is the Trend Trigger Factor? Designed by M.H. Pee, the Trend Trigger Factors role is to help traders detect uptrends and downtrends and thus allow them to better position themselves in a with-trend manner. Its creator argues that the markets are mostly random but have a small trend component, which is the most crucial part of trading success. Being able to determine whether the market is in a bull or bear trend and how strong that trend is will allow you to be on the right side of the market for longer, capitalizing as much as possible on its trending behavior. In his article, M.H. Pee used a 15-period trackback span to explain the calculations. The TTF formula is based on the so-called Buy Power and Sell Power. In his example, Pee labeled today as day 1, yesterday as day 2, the preceding day as day 3 and so on What's new in this indicator? Averages filter out prices prior to being used in calculation. That way the lag added is smaller than when the smoothing is used on the calculated result. Unlike the original which uses levels +100 and -100 as significant levels for signal triggering, this version is using discontinued signal lines for trend filtering. That way it makes it a bit more responsive to market conditions How do I use this? The Trend Trigger Factor is similar in interpretation to the Relative Strength Index. It is plotted on a scale with most prominent levels at +100 and -100, crosses of which logically signal possible trade entries. The difference here, however, is that the upper and lower boundary flex with price movements so the upper and lower boundary shift dynamically. Crosses above the top line signify bullish sentiment, crossed below the the bottom line signify bearish sentiment.
Indicador Pine Script®
por loxx
3
Stock-Index-Relative-ReturnsThis is one of the entry conditions of Mark Minervini's trend template for entry conditions. This indicator plots returns in comparison with index. (Change the index ticker in the input as per the stock in use) Loopback period is the distance from which we are calculating returns. Green line indicates returns of the stock Red line indicates returns of the index Purple line is the difference between both. Mark Minervini's trend template expects stock_returns/index_returns to be at least 7 - which means at least 70% higher than index returns.
Indicador Pine Script®
por Trendoscope