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Buscar en scripts para "trend"

Trend StrengthTrend Analysis and Divergence Filter This tool helps you to read trend strength and spot divergences, to be ready for a reversal. All the tool is based on a colorcode: - bright colors = impulse bars. - hard colors = consolidation / continuation bars. - light colors = weakness bars. => You can choose to use barcolor, or not, and simply use the indicator. Divergences occured on the histogram, when the price makes a local high/low, but the histogram in the black zone. Also, the reason why i created is that it is insanely accurate to spot divergences in an established trend. #In an uptrend: - If prices makes a higher high, - But bar color is green light (or histogram is in the blackzone), it's probably the end of the move and a regular bearish divergence is happening. => Take profit and open a short. #In a downtrend : - If price makes a lower low, - But bar color is red light (or histogram is in the blackzone), it's probably the end of the move and a regular bullish divergence is happening. => Take profit and open a long. To sum up: - when you see light bars, or if the histogram is in the blackzone, be prepared for a move. - To choose the direction, check for divergences before entering. To get the most benefit of this indicator, use it in a multi timeframe strategy : The indicator will give you the best results in the subordinate timeframe, considering you trade using a macro trend, a parent and a subordinate one.
Indicador Pine Script®
por Tae69
8
Trend-following Microprofit w/ Smart DCA BACKTESTING VERSIONCompanion to the alert script: Tradingview doesn't like backtesting with too little capital or trade sizes less than 1 share, so the "Net Profit" number may not be accurate right off the bat. To get a better idea, change the order size or initial capital so the strategy is trading the appropriate % of initial capital. For example, if your personal capital is $2000 and you are making $100 trades, your trades are 5% of initial capital. That is roughly equivalent to the defaults using orders of 1 BTC with $100,000 capital. Tightening the stop level will improve the Net Profit to Max Drawdown ratio, making the strategy more suitable for large trade sizes. This script does not provide alerts for Gunbot. Find the settings you like using this strategy script, then plug those values into the alert script. If you like this you can buy me chocolate below. Cheers!
Estrategia Pine Script®
por Gesundheit
28
Trend Volume Accumulation R1 by JustUncleLThis simple indicator shows the Accumulated Volume within the current uptrend or downtrend. The uptrend/downtrend is detected by a change in direction of the candles which works very well with Heikin Ashi and Renko charts. Alternatively you can use a Moving average direction to indicate trend direction, which should work on any candle type. You can select between 11 different types of moving average: SMA = Simple Moving Average. EMA = Exponential Moving Average. WMA = Weighted Moving Average VWMA = Volume Weighted Moving Average SMMA = Smoothed Simple Moving Average. DEMA = Double Exponential Moving Average TEMA = Triple Exponential Moving Average. HullMA = Hull Moving Average SSMA = Ehlers Super Smoother Moving average ZEMA = Near Zero Lag Exponential Moving Average. TMA = Triangular (smoothed) Simple Moving Average. Here is a sample chart using EMA length 6 for trend Direction:
Indicador Pine Script®
por JustUncleL
5
Trend Pullback Reversal TPRThe TPR(Trend Pullback Reversal) indicator forms a possible price trend with support and resistance lines. It also comes with a unqiue band and center line as additional features. TPR works on all timeframes and all symbols and all type of bar chart. TPR never repaints. There are 4 Parameters: Period: umber of bars used for calculations Factor: Multiplier factor, small number for short trend, large number for long trend Source: the input series, default is Close ShowBand: enable to show band and center line Most trend indicators have similar plot, the difference is where and when they change the direction. Unlike other trend indicators, TPR will focus on main trend and filter out most minor price movements. The green cross-line represents an uptrend, the red cross-line represents a downtrend. The additional band and center line may look like bollinger band, but the TPR band algorithm is completely different from bollingerband. There is no standard deviation in TPR band calculation.
Indicador Pine Script®
por Patternsmart
52
Price Trendlines + Break Signals█ OVERVIEW The "Price Trendlines + Break Signals" indicator is a technical analysis tool that automatically draws trendlines based on price pivot points and detects breakout signals. Designed for traders seeking precise market signals, the indicator identifies key pivot points, draws trendlines (resistance and support), and generates breakout signals with background highlighting. It offers flexible settings and alerts for breakout signals. █ CONCEPTS The indicator was created to provide traders with an alternative source of signals based on trendlines. Breakouts and bounces from trendlines can signal a trend change or the end of a correction. Combining these signals with other technical analysis tools can form the basis for building diverse trading strategies. █ FEATURES -Pivot Point Calculation: The indicator identifies pivot points (pivot high and pivot low) based on the closing price, with configurable left and right bars for pivot detection. Setting a higher number of bars results in fewer but more significant trendlines, with a delay corresponding to the specified length. Lower values generate more trendlines, but they are less significant. Crossovers are signaled only after the trendline is drawn, so sometimes no signals appear on crossed trendlines—this indicates the price passed through the line before it was detected. - Trendlines: Draws trendlines connecting price pivot points—upper lines for downtrends (resistance) and lower lines for uptrends (support). Lines can be extended by a specified number of bars (default: 50). - Tolerance Margin: Trendlines are widened by a tolerance margin, calculated using the average candle body size over a specified period and its multiplier. Reducing the multiplier to zero leaves only the trendline without a margin. Breaking this zone is a condition for generating signals. - Breakout Signals: Generates signals when the price breaks through a trendline (bullish for upper lines, bearish for lower lines), with background highlighting for signal confirmation. Alerts: Built-in alerts for: - Upper trendline breakout (bullish signal). - Lower trendline breakout (bearish signal). Customization: Allows adjustment of pivot parameters, trendline extension length, tolerance margin, line colors, fills, and signal background transparency. █ HOW TO USE Adding the Indicator: Add the indicator to your TradingView chart via the Pine Editor or Indicators menu. Configuring Settings: - Left Bars for Pivot: Number of bars back for detecting pivots (default: 10). - Right Bars for Pivot: Number of bars forward to confirm pivots (default: 10). - Extend past 2nd pivot: Number of bars to extend the trendline after the second pivot (default: 50, 0 = no extension). - Average Body Periods: Period for calculating the average candle body size used for the tolerance margin (default: 100). - Tolerance Multiplier: Multiplier for the tolerance margin based on the average candle body size (default: 1.0). Colors and Style: - Upper trendline (resistance): default red. - Lower trendline (support): default green. - Line fills: colors with transparency (default 70). - Signal background: green for bullish signals, red for bearish signals (default transparency 85). Interpreting Signals: - Trendlines: Upper lines (red) indicate a downtrend, lower lines (green) indicate an uptrend. Signals appear after a trendline breakout with the tolerance margin. Each trendline generates only one breakout signal, though it may still act as resistance or support for the price. - Breakout Signals: Green background indicates an upper trendline breakout (bullish), red background indicates a lower trendline breakout (bearish). - Alerts: Set up alerts in TradingView for trendline breakout signals. Combining with Other Tools: Use with support/resistance levels, Fibonacci levels, RSI, pivot points, or FVG (Fair Value Gap) for signal confirmation. █ APPLICATIONS The "Price Trendlines + Break Signals" indicator is designed to identify trends and potential reversal points, supporting both trend-following and contrarian strategies: - Trend Confirmation: Trendlines indicate the direction of the price trend, and bounces from them may signal the end of a correction. - Reversal Strategies: Breakout signals can be used as cues to enter positions in anticipation of a trend change or correction. - Noise Filtering: The tolerance margin reduces false signals, enhancing reliability. █ NOTES - Trendline crossovers are signaled only after the trendline is drawn, so sometimes no signals appear on crossed trendlines—this indicates the price passed through the line before it was detected. - Each trendline generates only one breakout signal, though it may still act as a level of support or resistance for the price. - Setting a higher number of bars for pivots results in fewer but more significant trendlines, with a delay corresponding to the specified length. Lower values generate more trendlines, but they are less significant. - Adjust settings (e.g., number of bars for pivots, tolerance multiplier) to suit your trading style and timeframe. - Combine with other technical analysis tools, such as RSI, pivot points, or FVG, to enhance signal accuracy. - For high-volatility markets, consider increasing the tolerance margin to reduce false signals.
Indicador Pine Script®
por Uncle_the_shooter
2
[blackcat] L3 Trendmaster XOVERVIEW The L3 Trendmaster X is an advanced trend-following indicator meticulously crafted to assist traders in identifying and capitalizing on market trends. This sophisticated tool integrates multiple technical factors, including Average True Range (ATR), volume dynamics, and price spreads, to deliver precise buy and sell signals. By plotting dynamic trend bands directly onto the chart, it offers a comprehensive visualization of potential trend directions, enabling traders to make informed decisions swiftly and confidently 📊↗️. FEATURES Customizable Input Parameters: Tailor the indicator to match your specific trading needs with adjustable settings: Trendmaster X Multiplier: Controls the sensitivity of the ATR-based levels. Trendmaster X Period: Defines the period over which the ATR is calculated. Window Length: Specifies the length of the moving window for standard deviation calculations. Volume Averaging Length: Determines how many periods are considered for averaging volume. Volatility Factor: Adjusts the impact of volatility on the trend bands. Core Technical Metrics: Dynamic Range: Measures the range between high and low prices within each bar. Candle Body Size: Evaluates the difference between open and close prices. Volume Average: Assesses the cumulative On-Balance Volume relative to the dynamic range. Price Spread: Computes the standard deviation of the price ranges over a specified window. Volatility Factor: Incorporates volatility into the calculation of trend bands. Advanced Trend Bands Calculation: Upper Level: Represents potential resistance levels derived from the ATR multiplier. Lower Level: Indicates possible support levels using the same ATR multiplier. High Band and Low Band: Dynamically adjust to reflect current trend directions, offering a clear view of market sentiment. Visual Representation: Plots distinct green and red trend lines representing bullish and bearish trends respectively. Fills the area between these trend lines and the middle line for enhanced visibility. Displays clear buy ('B') and sell ('S') labels on the chart for immediate recognition of trading opportunities 🏷️. Alert System: Generates real-time alerts when buy or sell conditions are triggered, ensuring timely action. Allows customization of alert messages and frequencies to align with individual trading strategies 🔔. HOW TO USE Adding the Indicator: Open your TradingView platform and navigate to the "Indicators" section. Search for " L3 Trendmaster X" and add it to your chart. Adjusting Settings: Fine-tune the input parameters according to your preferences and trading style. For example, increase the Trendmaster X Multiplier for higher sensitivity during volatile markets. Decrease the Window Length for shorter-term trend analysis. Monitoring Trends: Observe the plotted trend bands and labels on the chart. Look for buy ('B') labels at potential support levels and sell ('S') labels at resistance levels. Setting Up Alerts: Configure alerts based on the generated buy and sell signals. Choose notification methods (e.g., email, SMS) and set alert frequencies to stay updated without constant monitoring 📲. Combining with Other Tools: Integrate the Trendmaster X with other technical indicators like Moving Averages or RSI for confirmation. Utilize fundamental analysis alongside the indicator for a holistic approach to trading. Backtesting and Optimization: Conduct thorough backtests on historical data to evaluate performance. Optimize parameters based on backtest results to enhance accuracy and reliability. Real-Time Application: Apply the optimized settings to live charts and monitor real-time signals. Execute trades based on confirmed signals while considering risk management principles. LIMITATIONS Market Conditions: The indicator might produce false signals in highly volatile or sideways-trending markets due to increased noise and lack of clear direction 🌪️. Complementary Analysis: Traders should use this indicator in conjunction with other analytical tools to validate signals and reduce the likelihood of false positives. Asset-Specific Performance: Effectiveness can vary across different assets and timeframes; therefore, testing on diverse instruments is recommended. NOTES Data Requirements: Ensure adequate historical data availability for accurate calculations and reliable signal generation. Demo Testing: Thoroughly test the indicator on demo accounts before deploying it in live trading environments to understand its behavior under various market scenarios. Parameter Customization: Regularly review and adjust parameters based on evolving market conditions and personal trading objectives.
Indicador Pine Script®
por blackcat1402
4
Advanced Multi-Timeframe Trend DetectorThis script is designed to provide a multi-timeframe trend analysis, combining moving averages (MAs) and the Relative Strength Index (RSI) to determine market direction across different timeframes. Here's a breakdown of what the script does: Key Components of the Script Inputs: Moving Averages: Short and long moving average lengths (9 and 21 periods). ATR and RSI Lengths: ATR (Average True Range) and RSI (Relative Strength Index) lengths set to 14 periods. RSI Levels: Overbought and oversold levels for the RSI set to 70 and 30, respectively. Trend Determination: A function called trendDirection evaluates the trend based on the closing prices of the current and previous periods, as well as the RSI value. It classifies the trend as "Up", "Down", or "Sideways" based on the conditions: Up: Current close is higher than the previous close and RSI is below the overbought level. Down: Current close is lower than the previous close and RSI is above the oversold level. Sideways: If neither condition is met. Table Creation: A table is created at the bottom right of the chart to display the trend for different timeframes (5m, 15m, 60m, 240m, and Daily). The table is initialized with headers and then populated with the trend results for each timeframe. Calculating Trends for Each Timeframe: The script fetches the current and previous close prices for each timeframe using request.security(). It calculates the RSI for each timeframe and then calls the trendDirection function to determine the trend. Displaying Trends: The results are displayed in a table format, with each timeframe and its corresponding trend. Summary Overall, this script provides a concise way to visualize market trends across multiple timeframes, using MAs and RSI to offer a more nuanced view of potential market movements. This can help traders make more informed decisions based on the prevailing trends.
Indicador Pine Script®
por lillymilone9298
cphelperLibrary "cphelper" ACPU helper library - for private use. Not so meaningful for others. calculate_rr(targetArray, rrArray, breakevenOnTarget1)   calculates risk reward for given targets   Parameters:      targetArray (float ) : array of targets      rrArray (float ) : array of risk reward      breakevenOnTarget1 (simple bool) : option to breakeven   Returns: array rrArray trendPairs(l1StartX, l1StartY, l1EndX, l1EndY, l2StartX, l2StartY, l2EndX, l2EndY, zgColor)   creates trendline pairs   Parameters:      l1StartX (int) : startX of first line      l1StartY (float) : startY of first line      l1EndX (int) : endX of first line      l1EndY (float) : endY of first line      l2StartX (int) : startX of second line      l2StartY (float) : startY of second line      l2EndX (int) : endX of second line      l2EndY (float) : endY of second line      zgColor (color) : line color   Returns: find_type(l1t, l2t, channelThreshold)   Finds type based on trendline pairs   Parameters:      l1t (line) : line1      l2t (line) : line2      channelThreshold (simple float) : theshold for channel identification   Returns: pattern type and flags getFlags(flags)   Flatten flags   Parameters:      flags (bool ) : array of flags   Returns: - flattened flags isChannel, isTriangle, isWedge, isExpanding, isContracting, isFlat, isRising, isFalling getType(typeNum)   Get type based on type number   Parameters:      typeNum (int) : number representing type   Returns: String value of type getStatus(status, maxStatus)   Get status based on integer value representations   Parameters:      status (int) : integer representing current status      maxStatus (int) : integer representing max status   Returns: String status value calculate_simple_targets(trendLines, settingsMatrix, patternTypeMapping, patternType)   Calculate targets based on trend lines   Parameters:      trendLines (line ) : trendline pair array      settingsMatrix (matrix) : matrix containing settings      patternTypeMapping (string ) : array containing pattern type mapping      patternType (int) : pattern type   Returns: arrays containing long and short calculated targets recalculate_position(patternTypeAndStatusMatrix, targetMatrix, index, pIndex, status, maxStatus, targetValue, stopValue, dir, breakevenOnTarget1)   Recalculate position values   Parameters:      patternTypeAndStatusMatrix (matrix) : matrix containing pattern type and status      targetMatrix (matrix) : matrix containing targets      index (int) : current index      pIndex (int) : pattern index      status (int) : current status      maxStatus (int) : max status reached      targetValue (float) : current target value      stopValue (float) : current stop value      dir (int) : direction      breakevenOnTarget1 (simple bool) : flag to breakeven upon target1   Returns: new status and maxStatus values draw_targets(longTargets, shortTargets, index, labelColor, patternName, positionIndex, longMaxStatus, longStatus, shortMaxStatus, shortStatus, tempBoxes, tempLines, tempLabels)   Draw targets on chart   Parameters:      longTargets (matrix) : matrix containing long targets      shortTargets (matrix) : matrix containing short targets      index (int) : current index      labelColor (color) : color of lines and labels      patternName (string) : Pattern name      positionIndex (int) : position on the chart      longMaxStatus (int) : max status for long      longStatus (int) : long status value      shortMaxStatus (int) : max status for short      shortStatus (int) : short status value      tempBoxes (box ) : temporary box array      tempLines (line ) : temporary lines array      tempLabels (label ) : temporary labels array   Returns: void populate_open_stats(patternIdArray, barMatrix, patternTypeAndStatusMatrix, patternColorArray, longTargets, shortTargets, patternRRMatrix, OpenStatPosition, lblSizeOpenTrades)   Populate open stats table   Parameters:      patternIdArray (int ) : pattern Ids      barMatrix (matrix) : matrix containing bars      patternTypeAndStatusMatrix (matrix) : matrix containing pattern type and status      patternColorArray (color ) : array containing current patter colors      longTargets (matrix) : matrix of long targets      shortTargets (matrix) : matrix of short targets      patternRRMatrix (matrix) : pattern risk reward matrix      OpenStatPosition (simple string) : table position      lblSizeOpenTrades (simple string) : text size   Returns: void draw_pattern_label(trendLines, patternFlagMatrix, patternTypeAndStatusMatrix, patternColorArray, patternFlags, patternLabelArray, zgColor, patternType, drawLabel, clearOldPatterns, safeRepaint, maxPatternsReference)   Parameters:      trendLines (line )      patternFlagMatrix (matrix)      patternTypeAndStatusMatrix (matrix)      patternColorArray (color )      patternFlags (bool )      patternLabelArray (label )      zgColor (color)      patternType (int)      drawLabel (simple bool)      clearOldPatterns (simple bool)      safeRepaint (simple bool)      maxPatternsReference (simple int) populate_closed_stats(patternTypeAndStatusMatrix, bullishCounts, bearishCounts, bullishRetouchCounts, bearishRetouchCounts, bullishSizeMatrix, bearishSizeMatrix, bullishRR, bearishRR, ClosedStatsPosition, lblSizeClosedTrades, showSelectivePatternStats, showPatternStats, showStatsInPercentage)   Parameters:      patternTypeAndStatusMatrix (matrix)      bullishCounts (matrix)      bearishCounts (matrix)      bullishRetouchCounts (matrix)      bearishRetouchCounts (matrix)      bullishSizeMatrix (matrix)      bearishSizeMatrix (matrix)      bullishRR (matrix)      bearishRR (matrix)      ClosedStatsPosition (simple string)      lblSizeClosedTrades (simple string)      showSelectivePatternStats (simple bool)      showPatternStats (simple bool)      showStatsInPercentage (simple bool)
Biblioteca Pine Script®
por Trendoscope
Momentum Trend Bands (MTB)📌 What Is the Momentum Trend Bands (MTB) Indicator? The Momentum Trend Bands (MTB) is a custom-built trend detection indicator that blends momentum and volatility into a dynamic, visual system. Its core goal is to help traders identify the beginning and strength of a trend earlier than traditional tools like moving averages, while filtering out market noise. 🧠 What Is It Built On? The indicator is built on two foundational concepts: 1. Rate of Change (ROC): This measures the speed at which the price is moving. We use a fast and a slow version of ROC and then calculate their difference. This difference gives us a momentum signal — it shows whether the price is gaining upward or downward strength. 2. Standard Deviation (Volatility): This shows how much the price fluctuates. By calculating it over a certain period, we can measure market noise and filter out weak, insignificant moves that might otherwise cause false signals. Together, momentum shows direction, and volatility shows confidence. 🛠️ How Does It Work? • The core of the indicator is a smoothed momentum signal, representing the net difference between fast and slow momentum. • Around this signal, we build upper and lower bands — these are dynamic boundaries that expand or contract based on volatility. • When the momentum breaks above or below these bands, it signals a strong directional move — suggesting the start or continuation of a trend. The bands also serve a visual filter: • If momentum stays within the bands, it implies the market is consolidating or ranging. • When it exits the bands decisively, it implies strength in that direction. 📈 How to Use It? 1. Trend Entry: o When the momentum signal rises above the upper band, it suggests a strong bullish trend may be starting. o When the signal drops below the lower band, it indicates a bearish trend. 2. Stay Out of Chop: o If the signal moves sideways within the bands, it’s best to avoid trading — the market is likely consolidating or ranging. 3. Visual Confirmation: o The background color changes with the trend: green for bullish, red for bearish, gray for neutral. This makes it quick to read visually. 4. Signal Arrows: o Small up or down arrows appear when trends begin, serving as early entry points. ⚙️ What Kind of Market Does It Work Best In? • Trending Markets: MTB shines in markets with strong directional movement — whether up or down. It's designed to pick up momentum early and hold through trend continuation. • Volatile Instruments: The built-in volatility filter helps in markets like crypto or commodities where price action is fast and erratic. • Avoid Flat or Low-Volume Conditions: In sideways markets, MTB may stay gray or flip often — these are not ideal times to trade using this indicator alone. 💎 Why Is It Unique? Unlike many indicators that react slowly (like moving averages) or trigger too often (like raw momentum), MTB balances early detection with reliability. Its unique combination of: • ROC difference for directional intent, • Smoothing for signal clarity, • Bands scaled by volatility for robustness, …makes it stand apart from commonly available indicators on platforms like TradingView.
Indicador Pine Script®
por SupertradeOfficial
reversalchartpatternsLibrary "reversalchartpatterns" User Defined Types and Methods for reversal chart patterns - Double Top, Double Bottom, Triple Top, Triple Bottom, Cup and Handle, Inverted Cup and Handle, Head and Shoulders, Inverse Head and Shoulders method delete(this)   Deletes the drawing components of ReversalChartPatternDrawing object   Namespace types: ReversalChartPatternDrawing   Parameters:      this (ReversalChartPatternDrawing) : ReversalChartPatternDrawing object   Returns: current ReversalChartPatternDrawing object method delete(this)   Deletes the drawing components of ReversalChartPattern object. In turn calls the delete of ReversalChartPatternDrawing   Namespace types: ReversalChartPattern   Parameters:      this (ReversalChartPattern) : ReversalChartPattern object   Returns: current ReversalChartPattern object method lpush(this, obj, limit, deleteOld)   Array push with limited number of items in the array. Old items are deleted when new one comes and exceeds the limit   Namespace types: array   Parameters:      this (array) : array object      obj (ReversalChartPattern) : ReversalChartPattern object which need to be pushed to the array      limit (int) : max items on the array. Default is 10      deleteOld (bool) : If set to true, also deletes the drawing objects. If not, the drawing objects are kept but the pattern object is removed from array. Default is false.   Returns: current ReversalChartPattern object method draw(this)   Draws the components of ReversalChartPatternDrawing   Namespace types: ReversalChartPatternDrawing   Parameters:      this (ReversalChartPatternDrawing) : ReversalChartPatternDrawing object   Returns: current ReversalChartPatternDrawing object method draw(this)   Draws the components of ReversalChartPatternDrawing within the ReversalChartPattern object.   Namespace types: ReversalChartPattern   Parameters:      this (ReversalChartPattern) : ReversalChartPattern object   Returns: current ReversalChartPattern object method scan(zigzag, patterns, errorPercent, shoulderStart, shoulderEnd, allowedPatterns, offset)   Scans zigzag for ReversalChartPattern occurences   Namespace types: zg.Zigzag   Parameters:      zigzag (Zigzag type from Trendoscope/Zigzag/11) : ZigzagTypes.Zigzag object having array of zigzag pivots and other information on each pivots      patterns (array) : Existing patterns array. Used for validating duplicates      errorPercent (float) : Error threshold for considering ratios. Default is 13      shoulderStart (float) : Starting range of shoulder ratio. Used for identifying shoulders, handles and necklines      shoulderEnd (float) : Ending range of shoulder ratio. Used for identifying shoulders, handles and necklines      allowedPatterns (array) : array of int containing allowed pattern types      offset (int) : Offset of zigzag to consider only confirmed pivots   Returns: int pattern type method createPattern(zigzag, patternType, patternColor, properties, offset)   Create Pattern from ZigzagTypes.Zigzag object   Namespace types: zg.Zigzag   Parameters:      zigzag (Zigzag type from Trendoscope/Zigzag/11) : ZigzagTypes.Zigzag object having array of zigzag pivots and other information on each pivots      patternType (int) : Type of pattern being created. 1 - Double Tap, 2 - Triple Tap, 3 - Cup and Handle, 4 - Head and Shoulders      patternColor (color) : Color in which the patterns are drawn      properties (ReversalChartTradeProperties)      offset (int)   Returns: ReversalChartPattern object created method getName(this)   get pattern name of ReversalChartPattern object   Namespace types: ReversalChartPattern   Parameters:      this (ReversalChartPattern) : ReversalChartPattern object   Returns: string name of the pattern method getDescription(this)   get consolidated description of ReversalChartPattern object   Namespace types: ReversalChartPattern   Parameters:      this (ReversalChartPattern) : ReversalChartPattern object   Returns: string consolidated description method init(this)   initializes the ReversalChartPattern object and creates sub object types   Namespace types: ReversalChartPattern   Parameters:      this (ReversalChartPattern) : ReversalChartPattern object   Returns: ReversalChartPattern current object ReversalChartPatternDrawing   Type which holds the drawing objects for Reversal Chart Pattern Types   Fields:      patternLines (array type from Trendoscope/Drawing/2) : array of Line objects representing pattern      entry (Line type from Trendoscope/Drawing/2) : Entry price Line      targets (array type from Trendoscope/Drawing/2)      stop (Line type from Trendoscope/Drawing/2) : Stop price Line      patternLabel (Label type from Trendoscope/Drawing/2) ReversalChartTradeProperties   Trade properties of ReversalChartPattern   Fields:      riskAdjustment (series float) : Risk Adjustment for calculation of stop      useFixedTarget (series bool) : Boolean flag saying use fixed target type wherever possible. If fixed target type is not possible, then risk reward/fib ratios are used for calculation of targets      variableTargetType (series int) : Integer value which defines whether to use fib based targets or risk reward based targets. 1 - Risk Reward, 2 - Fib Ratios      variableTargetRatios (array) : Risk reward or Fib Ratios to be used for calculation of targets when fixed target is not possible or not enabled      entryPivotForWm (series int) : which Pivot should be considered as entry point for WM patterns. 0 refers to the latest breakout pivot where as 5 refers to initial pivot of the pattern ReversalChartPattern   Reversal Chart Pattern master type which holds the pattern components, drawings and trade details   Fields:      pivots (array type from Trendoscope/Zigzag/11) : Array of Zigzag Pivots forming the pattern      patternType (series int) : Defines the main type of pattern 1 - Double Tap, 1 - Triple Tap, 3 - Cup and Handle, 4 - Head and Shoulders, 5- W/M Patterns, 6 - Full Trend, 7 - Half Trend      patternColor (series color) : Color in which the pattern will be drawn on chart      properties (ReversalChartTradeProperties)      drawing (ReversalChartPatternDrawing) : ReversalChartPatternDrawing object which holds the drawing components      trade (Trade type from Trendoscope/TradeTracker/1) : TradeTracker.Trade object holding trade components
Biblioteca Pine Script®
por Trendoscope
3
Market Structure - HH, HL, LH, LL with Trendlines & AlertsMarket Structure Script – HH, HL, LH, LL with Trendlines & Alerts This Pine Script is designed to help identify key market structure patterns such as Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL) on price charts. It also draws trendlines connecting the respective swing points and provides alerts when these important price patterns occur. Key Features: Swing High and Low Detection: The script uses the ta.pivothigh and ta.pivotlow functions to identify significant swing highs and swing lows based on the pivot length (pivotLen). These points mark local peaks and troughs in the price action. Dynamic Pivot Length: The script adjusts the pivotLen (which defines the number of bars used to calculate swing points) based on the current timeframe of the chart. For example, for a 15-minute chart, it uses a pivot length of 5 bars, while for a daily chart, it uses 10 bars. This dynamic adjustment ensures that the script works across different timeframes. Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), Lower Lows (LL): Higher High (HH): Identifies a price peak that is higher than the previous swing high, indicating an uptrend. Higher Low (HL): Identifies a price trough that is higher than the previous swing low, supporting the idea of an ongoing uptrend. Lower High (LH): Identifies a price peak that is lower than the previous swing high, suggesting a potential reversal or downtrend. Lower Low (LL): Identifies a price trough that is lower than the previous swing low, indicating a downtrend. Trendlines: For each identified Higher High, Higher Low, Lower High, or Lower Low, the script automatically draws a trendline connecting the corresponding swing points. These trendlines provide a visual representation of the market’s price structure, showing support and resistance levels. Labels: The script places labels on the chart next to the respective swing points. These labels mark whether the point is a Higher High (HH), Higher Low (HL), Lower High (LH), or Lower Low (LL). This helps traders easily visualize the price pattern at a glance. Alerts: Alert conditions are set for when a Higher High (HH), Higher Low (HL), Lower High (LH), or Lower Low (LL) is detected. Users can set up alerts to be notified whenever one of these key market structure patterns forms. Alerts are an essential feature for traders who want to act quickly when important trend changes are happening.
Indicador Pine Script®
por wolf087