Empiece

Buscar en scripts para "volume profile"

The Real Koops - Darvas Box v2.1What Is the Darvas Box? The Darvas Box strategy was developed by Nicholas Darvas. Aside from being a well known dancer, he began trading stock in the 1950s. Based on his success in trading, he was approached to write a book on his strategy. The book, “How I Made $2,000,000 in the Stock Market,” outlines his approach together with “You can still make it in the market”. Darvas Box Implementation The intend behind the Darvas box was for it to be used for rapidly rising technology stocks, and in fact it was never tested or used by Darvas for Commodities. This implementation of the Darvas Box was created specifically in support of Commodity Trends, which tend to be very volatile over long periods of time. The main ones for an uptrend (e.g. longing the market. Shorting the market would work exactly the opposite): 1. When the price of a rapidly rising stock (pls note rapidly rising is key - we are not interested in a sideways trend) is reaching a resistance point, which is does not surpass for three or more consecutive days, that point represents the top of the box. 2. If, after falling from the upper limit, the stock reaches a downward resistance point which it does not penetrate for three of more consecutive days, that level represents the bottom of the box. 3. A stock is in a rising trend when it is in the topmost box. If it remains there, its price fluctuations should be ignored, and the stock is a HOLD. 4. If the price of the stock moves above the top of this topmost box, this stock becomes a BUY. A 10% stop loss should be set at the breakout. 5. Having formed a new higher box, if the price falls below the bottom into the stop loss area of this box, the stock is a SELL. 6. There is no reason to HOLD or BUY a stock that is not in its topmost box. 7. In case a candle pierces out of the top of the box while establishing the bottom of the box, the box is invalidated. 8. If the Box is broken out of on the top, the color is Yellow. If the Box is broken out of on the bottom, the color is Blue. 9. If a Box is being formed in the current timeframe, it is colored Grey, and has clear Buy and Stop Loss indicators so that the user knows how to configure his/her Broker. 10. All parameters for the implementation have been made configurable, so that users can tweak both the presentation of the boxes (background color, border width and style) as well as the configuration of the breakout %, stop loss %, textual presentation and box validation e.g. display arrows where the top and the bottom of the box was drawn, draw boxes only from All Time High back test after a configurable number of years, the number of boxes to be drawn from the last box etc. 11. In addition, two other key principles are critical for application of the indicator: 1. The stock’s price must be at or above its ATH for the past 3 years or more. 2. The volume profile needs to indicate a rapidly growing volume or insider buying (e.g., a volume spike). How is this implementation different from others? This implementation holds fully true to the way Darvas described his Darvas Box in his books, but applies it to Commodities. It is in addition, highly configurable, so that it can be used to debug itself (at which points have box boundaries been drawn), and it provides Buy/Sell/Stop Loss levels for entries and exits – again, highly configurable, with defaults set as per Darvas’ books. Finally, it works over daily to quarterly timeframes (it is not suitable for high frequency trading). How to use this Indicator? First, use it with the default settings. Once a grey box is drawn for the current timeframe for the commodity you are interested in investing in (based on Darvas principles outlined above), this box will indicate a Buy level and a Stop loss level based on the principles described above, allowing you to make a purchase decision for that commodity asset accordingly. Then, stay the trade. As the stock continues to move up, more Darvas Boxes will be drawn with new Buy levels and stop loss levels – either add to your position or keep the original investment in play. Once a trend reversal occurs, the Stop loss level will be used to get you out of the trade. Second, once you are comfortable with this trading methodology, you can refine the script to use a color scheme as you prefer for your Tradingview, as well as set buy, stop loss and sell levels, aligned with your own level of comfort to deal with volatility. If you wonder why a certain box was drawn at certain levels, you can use the green and red arrows to show the levels based upon which the boxes were drawn.
Indicador de Pine Script™
por TheRealKoops
4
Absolute KRI [vnhilton]The Kairi Relative Index (KRI) is a volatility momentum oscillator that plots the distance of price away from a moving average. An increase or decrease in distance is a sign of increasing/decreasing momentum respectively, & a relatively stable distance would mean momentum is also stable. An increase in momentum is a sign of strength, price extending away from the moving average, & has to revert back to the mean sooner than later, which is why some traders look to take profit or contrarian trades with this increase in momentum. This indicator plots the KRI in absolute values, meaning that the value can never be lower than 0, helping to see momentum clearer, with colours to still give information on whether or price is in an uptrend or downtrend if it's above/below the moving average respectively. This indicator also includes a standard deviation band, to help spot abnormal distances between price & the moving average, which may be more worthy of attention as that's a sign of significant activity that's caused momentum. The chart snapshot image above shows ATXI moving ~70% from its open on 30/09/22. From open to midday, we can see price extend away from the 21 EMA (impulses) several times, with retracements back towards the EMA following right after. Let's look at 3 main examples of price creating new highs. - At (1), price attempts to make a new high, & but meets historical resistance, causing price to retrace back to the mean. On the indicator, you can see momentum failing to be higher than previous momentum after making new highs, which shows that historical resistance, alongside the whole $10 dollar level, were significant in causing a reversal (you can see sell volume using the periodic volume profile (pvp) for each bar). The indicator also shows momentum extending further than the standard deviation band, which is mostly expected as it's right at the open & the stock was in play at the time. The indicator falls back under the standard deviation band which confirms the retracement, as it's showing slowing of momentum. - At (2), the indicator indicates significant activity again after exiting the standard deviation band, with the impulse slowing down right the resistance, testing it several times to satisfy passive sellers, until aggressive buyers were able to push the price higher. This confirmed new high that followed afterwards didn't exhibit the same momentum as (1), which means that the overall trend is slowing down, meaning that traders should be more cautious of trying to buy into new highs (i.e. take profit earlier, & look for reversals). - At (3), the indicator shows significant activity again as price heads towards making a new high. As new highs were created, we can see that the momentum causing this breakout is lower than the previous momentum at (2) & (1), again showing that the overall trend is slowing down. The whole $12 dollar level, & FOMO/greed buyers being trapped at the wick (you can see buy volume using the pvp indicator), allowed for short-term resistance for a mean reversion play.
Indicador de Pine Script™
por vnhilton
2
VWAP From Multiple Sources With Cloud & Percentage GapVWAP CLOUD FROM CLOSE, OPEN, HIGH & LOW SOURCES WITH CLOUD & PERCENTAGE GAP VWAP stands for volume weighted average price and shows the average price of buys/sells based on volume traded across the current session. This VWAP is based off of the Daily session. ***HOW TO USE*** Use the purple cloud between the VWAPs as your entry points as price will typically bounce from that cloud area. The Yellow Line is the VWAP using the close price as a source. The Green Line is the VWAP using the open price as a source. The Blue Line is the VWAP using the high price as a source. The Purple Line is the VWAP using the low price as a source. When price is above the VWAP cloud, the background will paint green because the trend is bullish. When price is below the VWAP cloud, the background will paint red because the trend is bearish. In the bottom right hand corner, three is a table that will show you the current percentage gap between current price and the VWAP using close as the source. All sources and colors can be easily switched in the settings menu. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This vwap indicator can be used on all timeframes but is calculated using the daily session. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Volume Profile, Directional Movement Index, Momentum, Auto Support And Resistance and Money Flow Index in combination with this VWAP Cloud. The other indicators all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Indicador de Pine Script™
por FriendOfTheTrend
4
Baseline-C [ID: AC-P]The "AC-P" version of jiehonglim's NNFX Baseline script is my personal customized version of the NNFX Baseline concept as part of the NNFX Algorithm stack/structure for 1D Trend Trading for Forex. Everget's JMA implementation is used for the baseline smoothing method, with optional ATR bands at 1.0x and 1.5x from the baseline. NNFX = No Nonsense Forex Baseline = Component of the NNFX Algorithm that consists of a single moving average Baseline ---> Meant to be used in conjunction with ATR/C1/C2/Vol Indicator/Exit Indicator as per NNFX Algorithm setup/structure. C1 is 1st Confirmation Indicator, C2 is 2nd Confirmation Indicator. JMA (Jurik Moving Average) is used for the baseline and slow baseline. A slow baseline option is included, but disabled by default. The faint orange/purple lines are 1.0x/1.5x ATR from the Baseline, and are what I use as potential TP/SL targets or to evaluate when to stay out of a trade (chop/missed entry/exit/other/ATR breach), depending on the trade setup (in conjunction with C1/C2/Vol Indicator/Exit Indicator) This script is heavily based upon jiehonglim's NNFX Baseline script for signaling, barcoloring, and ATR. SSL Channel option included but disabled by default (Erwinbeckers SSL component) POC (Point of Control) from Volume Profile is included/enabled by default for both the current timeframe and 12HR timeframe 03.freeman's InfoPanel Divergence Indicator was used a reference to replace the current/previous ATR information infopanel/info draw from jiehonglim's script. I'm not sure whether I like the previous way ATR info was displayed vs how I have it currently, but it's something that is completely optional: Specifically: I am tuning this baseline/indicator for 1D trading as part of the NNFX system, for Forex. DO NOT USE THIS INDICATOR WITHOUT PROPER TUNING/ADJUSTMENT for your timeframe and asset class. Note about lack of alerts: Alerts for baseline crosses (and other crosses) have been purposefully omitted for this version upon initial publication. While getting alerts for baseline crosses under certain conditions/filtered conditions that eliminate low-importance signals and crossover whipsaw would be great, it's something I'm still looking into. SPECIFICALLY: There are entry, exit, take profit, and continuation signal components in relation to the Baseline to the rest of the NNFX Algorithm stack (ATR/C1/C2/Vol Indicator/Exit Indicator), including but limited to the "1 candle rule" and the "7 candle rule" as per NNFX. Implementing alerts that are significant that also factor in these rules while reducing alert spam/false signals would be ideal, but it's also the HTF/Daily chart - visually, entry/exit/continuation signal alignment is easy to spot when trading 1D - alerts may be redundant/a pursuit in diminishing returns (for now). //------------------------------------------------------------------- // Acknowledgements/Reference: // jiehonglim, NNFX Baseline Script - Moving Averages // // Fractured, Many Moving Averages // // everget, Jurik Moving Average/JMA // // 03.freeman, InfoPanel Divergence Indicator // // Ggqmna Volume stops // // Libertus RSI Divs // // ChrisMoody, CM_Price-Action-Bars-Price Patterns That Work // // Erwinbeckers SSL Channel //
Indicador de Pine Script™
por auroagwei
9
G.O.A.T. Scalper Diagnostics v1OVERVIEW: The G.O.A.T. Scalper Diagnostics indicator system enables users to discover unorthodox indicator patterns, reading price charts in unusual ways, thus gaining an edge over the majority of market participants they trade against. CONCEPTS: Th G.O.A.T. Scalper Diagnostics is a system that aims to satisfy the fundamental condition for successful online trading - providing an edge. It's a battle between advantages. To take other people's money, successful traders must have an advantage over everybody else. To hope for consistent success in trading, you need to do things differently and see what almost nobody else sees. Of course then you must act on it, and that's where the G.O.A.T. Scalper Diagnostic's mandate ends. I believe the vast majority of indicators out there show you what everybody else sees. I've always been an indicator guy, I respect and cherish most indicators and I know a good indicator when I see it. However, although most indicators are great works of art, their practicality is in most cases doubtful. Presenting great information is one thing, but providing an edge over the people you trade against is something different. What Everybody Else Sees The G.O.A.T. Scalper Diagnostics is based on indicators most of you have probably heard of and used: Moving Averages (particularly the Kaufman Moving Average, among others) ADX and DI Bollinger Bands Stochastic (particularly the Stochastic RSI) Most traders should be well familiar with these classic indicators, they've provided the basis for online indicator trading for decades. But it's also true that due to how popular online trading has become all over the world, one is more and more unable to use these indicators successfully on lower timeframes. Usually, more noteworthy success is achieved by going up in scale and discovering the timeframe where a particular indicator produces no false signals. Often times these timeframes range from bi-weekly to multi-month scale. In other words, consistently successful low timeframe trading and scalp trading in particular are now almost impossible using indicators. Traders that dominate the scalping arena are big professional/institutional groups of traders, who have systematic access to the order books of most exchanges. This can be achieved one way or another, but not by individuals, small groups without significant capital or simply traders who lack political/social power and influence in the trading field. In other words - giant order book traders have an edge over everybody else, who use indicators to trade on lower timeframes. Through a series of interventions into these classical indicators, the G.O.A.T. System brings them back into the lower timeframe competitive game. Most original formulas are preserved, but these immortal classics are applied in ways popular TA would consider unorthodox. Ingenious Indicators Built by Creators The G.O.A.T. Scalper Diagnostics relies on the fundamental work of others. The System is developed on the basis of: Quadratic Kernel Regression - it uses the publicly published library of Justin Dehorty: www.tradingview.com PMARP - Price Moving Average Ratio & Percentile, publicly published by "The_Caretaker": www.tradingview.com These Creators deserve full credit for their fundamental work and are endorsed by the G.O.A.T. Scalper Diagnostics project. And yet... ingenious and inspired as these tools are, in my humble opinion the general public is presented with a rather unproductive way to apply them. In my own view, these wonderful tools built by JDehorty and The_Caretaker have a massive potential should they be applied and wielded in a different direction. So I tried to bring my vision about them into flesh with the G.O.A.T. Diagnostics. What the G.O.A.T. Scalper Diagnostics Is and How to Use It It's a System for new pattern discovery, bringing the disciplines of pattern and indicator trading together. By using it as a stand-alone, or mixing it with other great indicators, one is able to discover new indicator patterns. Patterns can be compared, matched together and categorized. By applying statistics to differentiated historical pattern groups, we're able to derive their meaning. Thus, the trader is able to research their own "alphabet" to read the price charts. After categorizing and differentiating pattern groups with statistically predominant meaning, the trader is then able to read into longer scenarios - price set-ups that are harder to detect due to them being stretched in time or misshapen according to the particular situation. The G.O.A.T. Scalper leverages and encourages group trading, as different traders will probably discover different price "alphabets" for themselves, potentially giving rise to a social economy of sharing and combining "trading languages" based on indicator patterns people have discovered via the G.O.A.T. Diagnostics. Support/Resistance Trading The G.O.A.T. Scalper has its own way of deriving Support/Resistance. Unlike most existing S/R indicators, The Scalper derives Support/Resistance not by measuring price highs, lows and closes, but solely by using momentum and trend strength. This seems like a much more versatile way to plot S/R during scalping on low timeframes where time is of essence and the trader's view is too narrow to have macro S/R levels in constant consideration. The Scalper's way to derive S/R in real time and on the go, while staying very relative to important higher timeframe S/R zones, makes it much more desirable than any other S/R indicator I've thus far encountered. All S/R functionality is derived from the classical ADX and DI indicator. To do this, I use the ADX and DI in an unpopular way. To generate the actual plot of S/R levels I also modify the indicator's code, not by removing functional parts from it, but adding more to it in order to filter the signals it produces. I can metaphorically describe its action in the following way: Imagine you're Price action itself; You're walking through a labyrinth or corridors. You're walking through one straight corridor, and it has a crossing with another corridor ahead; Very strong wind is blowing along that other corridor. You can't see the wind, but when you reach it and try to move past it, the force of the wind resists your moving ahead and instead pushes you sideways. At this point, the G.O.A.T. Diagnostics already knows this can only be one thing - resistance. Orthodox TA and trading demand retests. In my opinion, this deeply rooted tradition wastes time proving the obvious, then wastes time again double-proving the validity of recent past, while scalping opportunities go to waste. Modern successful traders are way ahead of the popular strategy of testing and retesting S/R that almost every trader uses. So-called "Stops hunting" is just one expression of this situation, where wide adoption of the S/R retesting strategy actually lures unsuccessful traders into the schemes of the successful few. In my own way of trading, I use the G.O.A.T. Diagnostics to take action on Support/Resistance as it's plotted in real time. But probably my biggest heresy into the DI is my opinion, that the crossings of the +DI and -DI are useless and should actually be discarded. My research shows that the DIs often show indications of being "oversold", but don't seem to exhibit an "overbought" state. Statistically, I've had much more success basing my TA on that, rather than cross-ups and cross-downs of the DI plot lines. Therefore I discarded these crossings by presenting the DI part of the ADX and DI as a Heatmap channel rather than crossing lines. To further enhance the ability of the System to provide S/R analysis, I plot this Heatmap onto an adjustable price offset plots (a percentage above and below current price). In modern times, the vast majority of trading is done by automatic machines and algorithms. To give a specific example, one can easily notice, that a 5% offset of the BTC 1h price plot leads to remarkably accurate S/R charting. Following the rule to chart a S/R line connecting highs and lows on the 5% price offset often successfully "foresees" valid S/R zones before price ever visits them. Or, the levels were visited so far back in the timeframe's history that orthodox understanding considers them "invalidated" or washed away in the noise of the relevant volume profile. My explanation for this is simple - I think Grid bots now dominate automatic trading across the majority of exchanges. In my understanding, by adjusting the percentage offset of current price action I can often discover relevant conglomerations of dominating Grid bot cell parameters and anticipate price reaction. By plotting the DI heatmap on these price action offsets I can use the indicator for my trading decisions. Heatmaps Every heatmap produces different series of data. They're not the same. Bollinger Band heatmap depicts the percentile distance between the Band's extremes. The price candles heatmap, and the KAMA moving average heatmap, depict the percentile distance between price and the KAMA. So, it's the same thing. However, the percentile of that distance is calculated in two different ways, hence the difference in color in every particular moment. This color discrepancy aims to visualize the "strain" between price action and KAMA, like a soft and hard "springs" that go in unison with each other in sustainable moves, and in dissonance with each other during unsustainable moves. Price offset heatmap depicts the percentile average of the +DI (above price) and the -DI (below price). A Hot temperature above price and a Cold temperature below price would mean a strong bullish sentiment, and vise versa, while Green would mean neutrality in sentiment. There are important interplays between different heatmaps. For example, although representing totally different things, a Teal price bar would almost always (according to historical statistics) foreshadow a change in DI's heatmap sentiment. That's just one avenue of correlation between S/R analysis and sentiment analysis using the G.O.A.T. Diagnostics. Oscillator Chart In terms of applying Quadratic Kernel Regression, I endorse the natural principle that no center can exist without a periphery, and no periphery can exist without a center. Therefore I try to pay attention not only to the average of the regression's values, but also to the cloud of data points itself. Following this understanding, I attempt to depict the natural cycles of price converging/diverging towards/from its regression average. To do this, I apply the classic Stochastic formula. Thus, the Oscillator part of the System depicts the following: Thin heatmap line displays the cycles of price converging with its quadratic kernel regression average (moving down), and diverging with its regression average (moving up). Its heatmap depicts the percentile of this oscillation. The wider heatmap line displays the KAMA's cycles of convergence/divergence with its own quadratic kernel regression average. The reason for this is again creating discrepancy - while KAMA is based on price action, its regression data values differ from those of price action's regression. This discrepancy produces useful historic patterns that can be studied statistically. The thin and wide purple oscillator lines depict the change of slope of price action regression average and KAMA regression average, respectively. Very often change of slope is not detectable with the naked eye, but clearly indicated by the oscillators. By combining all these elements into a single analysis, a trader can detect hidden trends that are yet to become visible for the rest of market participants. For example, convergence of price with its quadratic kernel regression average while the slope of the average deteriorates down in most cases (according to statistics) means a sideways consolidation in a downtrend before downtrend continuation. Conversely, deviation of price action from its regression average while the regression average slope deteriorates down usually marks the very beginning of a downtrend. Bollinger Bands Bollinger Bands are not modified, but are based on quadratic kernel regression values. Thus, if Bollinger Bands themselves are indicative of volatility, then based on kernel regression values, they should indicate the volatility of change of values in the regression's window. Again, applying it to both the price and KAMA regression data series, a discrepancy is highlighted that leads to useful historical patterns subject to analysis and categorization. SOME EXAMPLES Support / Resistance Support/Resistance levels are market by White Triangles with dotted lines plotted from them, in real time. The indicator plots Ghost Triangles in anticipation of Support/Resistance, preparing the trader for the eventual confirmation of a zone of interest and signaling price is feeling Support or Resistance pressure. Dialing the length of the S/R lines to 25 makes the indicator more useful. Dialing the setting to 500 clearly shows macro S/R zones by conglomerating and bundling individual lines. The thicker the bundling and the confluence of lines, the more significant the zone. Thus lower timeframe scalping and trading is made more easy, without the need to do nearly as much manual S/R charting. Support/Resistance analysis and plotting is entirely based on a modified ADX. Heatmap Sustainable moves are generally marked by Green price color and calm KAMA colors. Unsustainable moves are usually marked by more extreme colors of price bars and KAMA. Red usually means price is unsustainably distanced from the KAMA, while deep Blue usually means price is undesirably close to the KAMA, foreshadowing a directional distancing. Usually Teal color of price bars and KAMA foreshadow a change of sentiment of the outside Heatmap sentiment channel. Red color of the outside channel always signals the direction of the desired sentimental movement, while Blue signals the extent at which the counter-element suffers. Thus, one side being Green, while the other is Blue, often means the Blue will soon evolve into a warmer color, attracting price in that direction. Outside Heatmap channel is entirely based on a modified DI. Oscillator Chart An example of Chart Diagnosis using the Oscillator and other elements of the G.O.A.T. Scalper: First (far left), a Resistance is plotted. This coincides with price bars being Red (distressed state). The thin colorful Oscillator line takes an Up-turn, signifying a period of price moving away from its Quadratic Kernel Regression (pink moving average). After Price cools down to Green sustainable colors, a Support is plotted. During this time, the thin colorful line is falling down, signifying a period when the distance between price action and its quadratic kernel regression average is decreasing. During this phase, the thin purple Oscillator line goes up. This signifies the slope of the price regression is restoring to the upside. Next, the thin colorful line starts going up again, signifying another period of price getting further away from its regression average. This time to the upside. Resistance is being broken and new support is established. At this point, the thin colorful line starts falling again, signifying distance between price and its regression MA is shortening. This is clearly visible as a sideways consolidation (with a slight tilt up of slope). A moment comes when all lines - the price and KAMA lines, and price and KAMA regression slopes, all point down. A new down period is clearly starting. This is further indicated by Teal price bars and new Resistance forming. Notice how the external heatmap channel goes into more balanced Green colors with trend enthusiasm calming down. This analysis may appear to be overwhelming and confusing at first, as these metrics are unorthodox and unpopular. But different aspects of the indicator can be toggled ON/OFF to single them out, which makes observations much simpler for new users. After some time spent discovering personal patterns, or reviewing other users' catalogues with already published pattern libraries, it soon becomes easy to read charts in this new way. Bollinger Bands Bollinger Bands provide another way to produce patterns that give users specific chart information. One noteworthy indication is when the price and KAMA Bollinger Bands separate their value zones. Since the zones of these Bands are based on the kernel regression values of the respective sources, their separation is significant and too often means violent reversals or violent continuations (which usually can be judged using the other metrics the System provides, or additional indicators of choice). Another noteworthy Bollinger Band pattern is when price action leaves a prolonged trending move. First phase of the end of a prolonged trending move is the BB zones expanding and doing a significant overlap. Second stage is price getting reaccepted in the Price BB. This however doesn't mean reacceptance in the KAMA BB and if the moment isn't right, usually leads to bounces and continuations. The KAMA needs to "make space" for price to get reaccepted into the KAMA BB. While the KAMA is outside its BB or very near to its wall, price reacceptance into it is not very probable. When KAMA withdraws from its BB wall, opening an "entrance on its membrane", that's when price is eligible to get reaccepted into the KAMA BB. That's usually the moment the long awaited consolidation starts and a long trending move is over. Users of the G.O.A.T. Scalper Diagnostics can discover many more patterns and correlations between patterns within the System. But the System itself can multiply all possible patterns when inspected in the context of additional indicators, leading to vast possibilities of signal and pattern discovery with huge potential. A very good idea would probably be to use the G.O.A.T. Diagnostics together with the Ichimoku. Ichimoku has always been famous for its genius simplicity and elegant profoundness, but notorious for its total lack of accuracy, as well as general uselessness on lower timeframes. The G.O.A.T. System has the potential to enhance all of Ichimoku's strengths and cure its weaknesses. Yet another good idea may be to pair it with kindred indicators, like the Gaussian Channel, which has a stunning performance, but suffers from too high level of generalization. The Diagnostics can provide the intricate texture of price manoeuvres the Gaussian Channel fails to register, while the GC can give the Scalper even more solid context for its patterns. The worthwhile possibilities seem endless... Entry Table I've added a little Entry Table at the bottom right corner. It's designed to potentially help scalpers trade faster, and to visualize a potential trade they're thinking about before they execute it. A Stop Loss is visually plotted in real time to better visualize it's placement in the chart context. It encourages responsible risk management in its settings: The user enters the amount of their trading portfolio; Then specify the percentage of their portfolio they're willing to risk at every trade; After that the user can chose to specify a flat percentage Stop Loss. The table will calculate the size of the entry of a market order, so the user only risks the specified percentage of their portfolio should the specified Stop Loss level is hit. There's also the option to use automatically suggested Stop Loss, based on recent volatility. The actual Stop Loss is calculated 20% away from the actual volatility level, to better protect from unforeseen wicks. In the current example, the user with a $1000 trading portfolio has to do a $1000 entry to lose 1% of their portfolio ($10) at a 1% Stop Loss. But the user has to do a $2,525 entry in order to lose 1% of their portfolio (%10) at a much closer Stop Loss which is less than 1%, based on recent volatility. The Entry Table should be considered as a cosmetic convenience and not a dedicated risk management tool. CONCLUSION: The G.O.A.T. Scalper Diagnostics is an indicator System, based on popular, but modified and tweaked versions of indicators like the ADX and DI, Stochastic, Bollinger Bands and MAs. It also leverages the remarkable work of inspired creators: JDehorty's Quadratic Kernel Regression library, and The_Caretaker's PMARP . The G.O.A.T. Scalper Diagnostics indicator system enables users to discover so-called new "indicator-pattern alphabets", reading price charts in new and unorthodox ways, thus gaining an edge over the majority of market participants they trade against. The high degree of freedom when discovering new patterns, either within the System itself or correlating its output to external auxiliary indicators, highlights the System's potential for original discoveries leading to highly personalized trading strategies. Exchanging information about personal pattern libraries can potentially also give birth to new private trading communities.
Indicador de Pine Script™
por Xaumana
1
Money Flow Trend Strength [CraftyChaos]I devised this indicator because I wanted to find a way to track the Money Flow Trend to exhaustion for both directions. Overview: I use two MFI series and an EMA of the faster MFI series to derive when the Money Flow is trending in one direction or another. What does this indicator not do: This indicator does not give buy and sell signals. What does this indicator do: This indicator offers confluence with your other indicators to determine when a reversal is approaching after a sustained trend of money flowing in or out of an asset. This indicator can help time your trades near reversal points, so you are not entering trades in the middle of some trending move. How to Tune I would not recommend changing the settings. I have exposed them for people that want to experiment. The short lengths are key to reducing lag How to read the indicator: When a red cross appears at the top, this indicates money flow into the asset is strong. Do not short an asset while there are red crosses. You will get REKT When a green cross appears at the bottom, this indicates money flow exiting the asset is strong. DO NOT buy an asset while there are green crosses. You will get REKT. When the white step line enters the top, but no crosses appear, this indicates money is flowing into the asset, but is weak. The trend will either gain strength soon or will collapse. When the white step line enters the bottom, but no crosses appear, this indicates money is flowing out of the asset, but is weak. The trend will either gain strength soon or will collapse. The green line is the slower MFI. I would not use any crosses with the white step line and the green line. These two lines can cross frequently and show divergences with price. very frequent crossing may indicate sideways movement with no real price movement. I often see the white step line enter the bottom and top zones under two primary conditions: Secondary tests of support and resistance zone which fail Failed breakouts/pullbacks after a pump or dump Additionally, I use my indicator with the following indicators. You may find them useful: Jurik Filtered, Composite Fractal Behavior (CFB) Channels (on current timeframe). Note: I often find strong trends trace the upper/lower bands, and end when the upper or lower band flattens Jurik Filtered, Composite Fractal Behavior (CFB) Channels (on smaller timeframe, i.e., 2hr on a 4h or 15m on the 1hr). Note: I often find weak trend pullbacks/breakouts touch the channel bands Session Volume Profile. Note: find trend completion corresponds to price above/below VAL areas
Indicador de Pine Script™
por CraftyChaos
1
Fixed Range FootprintFixed Range Footprint allows you to analyze the Footprint over a specified time period. By enabling the "Extend Right" option, the Footprint transforms into a classic mode, extending from the starting point to the most recent bar in real-time. Input Options: Group: Coordinates "Start range": Defines the starting coordinate for the Footprint period. "End range": Defines the ending coordinate for the Footprint period. Group: Row Size "Ticks Per Row": Directly sets the price step, calculated by multiplying the input value by syminfo.mintick. "Auto": Activates automatic mode for selecting the "Ticks Per Row" value. "Max row": Relevant in auto mode; it limits the number of rows within a bar. The automatic calculation for "Ticks Per Row" is based on the first available bar and applied to subsequent bars. Group: Imbalance "Imbalance Percent": Sets a percentage-based coefficient to determine price level Imbalance by comparing the diagonal buy price to the previous sell price. "Stacked levels": Defines the minimum number of consecutive Imbalance levels required to draw extended lines. Group: Support "Show Footprint Info": Toggles the display of Footprint information. Group: Value Area "Value Area": Sets the percentage for the Value Area. "POC": Toggles the Point of Control (POC). "VAH": Toggles the Value Area High (VAH). "VAL": Toggles the Value Area Low (VAL). "Show Volume Profile": Displays buy/sell volume at each level. Group: Alerts "Alert on New Imbalance": Enables alerts for the creation of new Imbalance levels. "Alert on New Imbalance Line": Enables alerts for the creation of new Imbalance lines. "Alert on Stop Past Imbalance Line": Enables alerts when price stops past an Imbalance line.
Indicador de Pine Script™
por dboichenko
1
VP demo(Rolling period)Introduction In the native VP (Volume Profile), the commonly referenced parameters are POC (Point of Control), VAH (Value Area High), and VAL (Value Area Low). However, since VAH and VAL are calculated by extending outward from the POC, their values heavily depend on the shape of the VP and the parameter settings of the value area ratio. This means their significance in identifying support and resistance in the market is limited. Based on VP, my algorithm is designed with two additional methods to identify low-volume points within a rolling time period, using them as reference points for support and resistance. Current Algorithm Issues When the candles update, you might notice overlapping support and resistance lines on the chart, or multiple lines appearing near the same location. This is due to TradingView's rendering issue, where old support and resistance lines that have been deleted in the code are not promptly removed from the chart. You only need to refer to the support and resistance lines that extend to the latest candle. If some lines remain at previous candles, it indicates that these points are outdated. As new candles continue to form, these lagging support and resistance lines will automatically disappear once the number of new candles reaches a certain threshold. Additionally, during significant market movements, you may see a large number of red lines. This is because the algorithm does not yet fully recognize abnormal market conditions. Future versions will gradually improve this aspect.
Indicador de Pine Script™
por y71256
NITS - NIFTY INTRADAY TRADING SYSTEMNSE:NIFTY Hello Traders..! This is another indicator / system to make use for NIFTY & BANK NIFTY Intra day trading. This is my Gift to the traders for this New Year 2024. Use this to your Edge and make some profits. All explained below. NIFTY INTRA-DAY TRADING SYSTEM Explanation of Arrays: ------------------------------- ## FIRST 15 MIN SESSION BOX ## From 09:15 to 09:30 where the initial orders will get collected and Auction takes place. DO NOT engage into any trade in this session. Let the Box develop. ## INITIAL HIGH / LOW FORMATION SESSION ## This session is from 09:15 to 10:30. We can observe the Initial High or Low being formed for the day, that is VALID TILL 11:30. ## NO-TRADE ZONE / ACC. AREA / DAY’S H OR L CONFIRMATION SESSION ## From 11:30 to 12:30 90% of time this is the session where the whole Day’s High or Low will get confirmed. Sometimes the market may violate this Session! DO NOT engage into any fresh trade in this area. Once the box is developed, you can see the Mid price line will be formed which is valid for the afternoon Trading session till 15:30. ## SIGNAL LINE, MIDDLE PRICE LINE, SESSION HIGH LOW LINES ## Middle Price Line – the dotted line (Red colour) is Mid Price Line for the Initial session box. This acts as an important price level for the whole day. Signal Line – the Solid line that will form after 10:30. Consider this price line as very important price line to which the price reacts with a good momentum, either break through or rejection and valid for the whole trading day. Session High Low price line – high and low prices of the Initial session box which acts as a good Support / Resistance / Target / Stop loss. Even previous session’s price lines can also be used for the current day too. ## TREND BOX ## Multi-Time frame trend box will show the real-time trend on different time frames. This box will be very helpful in trade decision. Please note that at least THREE HIGHER TIME FRAME TRENDS must be in the same direction to support your trade criteria for the better confirmation. ## VOLUME IMBALANCE ## These orange coloured boxes are very tiny imbalances between prices that were formed during price movements. Algorithm will try to fill these imbalances on its way of filling orders. These price imbalances can be used for our edge while taking trades. SOME TIPS: --------------------------- 1) Avoid Break out trades 2) Always trade the pull backs 3) Keep your Stops above / below the KEY LEVELS 4) Always follow the Higher Time frame trend while taking a trade. If you trade in 1m TF consider 5m trend If you trade in 5m TF consider 1H or 15m trend 5) Consider the higher TF closure of prices only, to validate the break out. 6) Trade what you see, market can do anything it wants. 7) Do not worry about losses. It happens and that is the business. 8) End your trading week in green no matter how big or small the profit is. Consistency is the key this business. 9) Keep in mind that the Market does two things only, either it will FILL THE GAP or GRAB THE LIQUIDITY. Just plan your trades accordingly. Liquidity levels like Previous Session / Day / Week / highs and lows. 10) The Market is a continuous business. It does not end for the specific day. It will not end its Buy or Sell model unless it completes its cycle, hence TRADE WHAT YOU SEE and not WHAT YOU THINK! 11) Unless the key swing high / low is broken and closed, DO NOT consider that move as a reversal. Consider that as a Liquidity grab. And it will continue in its previous trend. HOW TO TAKE TRADE USING NITS: (one of the Techniques) -------------------------------------------------------------------------------- As explained above, Do not engage in trade for the first 15 minutes. Once the 15m box forms then look for divergence between NIFTY and BANK NIFTY. Both Indices are supposed to trade in the same direction but at key levels and times, these instruments will make DIVERGENCE with its Highs and Lows. Ex: one Index will make LOW AND LOWER LOW and at the same time other will make LOW AND HIGHER LOW. This deflection can be used for taking Buy Trades. Ex: If the Divergence forms at the Bottom then the market will move upwards. If the Divergence forms at the Top then the market makes down move. To confirm this divergence, the price will move away from that deflected Lows or Highs. ----------------------------------- POINTS TO OBSERVE ------------------------------------ Mostly the first 15 min range that forms will either be very large candles or normal candles with rejection wicks or Shaved bar (open and H/L same) Whenever you observe a very large wide range bars within the 15min range, consider the Day’s high and Low is already formed. And the market will be hovering inside that range only. Very useful for taking 50 points scalping here and there by using the signal line and middle line or Acc box mid line. In this scenario you have three important info of the day, OPEN HIGH & LOW established already, The market will only look for its close. Ex: If the market trades with normal candles, then consider your trades in two parts. From 09:30 to 11:30 and from 12:30 to 15:30 as 11:30 to 12:30 will confirm the current day’s High / Low hence do not take a fresh position within that time. 1) Initial session trade – If the price does not break and close the 15 min range high/low, consider it is going to reverse and continue its trend till 10:30 Ex: 2) Mid session Trade – mostly the market accumulates positions and collects orders between 11:30 to 12:30 for the afternoon session. Once the session box is developed, the middle price line will form. Wait for the market breakout and close off this session’s high or low in Higher TF. The market will continue in the direction of breakout from this session and continue till 15:30. Hence wait for pull back till its mid price / high or low price lines of this Acc box and take trade in the initial breakout direction keeping stop above or below the session’s high or low. Ex: ## Fixed Range Volume Profile as a Tool ## ----------------- Note: ----------------- Kindly do not ask for any codes or script details. The one technique what I explained (Divergence method) is more than enough for making a consistent earnings. Please study and back test / forward test for yourself for atleast 2 weeks time. Every traders aspect and mindset is different in seeing the market movements. Please design your own methodology and CONSIDER this as a BUSINESS..! JUST..... Believe the System Be patient Be Disciplined & Be a Successful Earner..!! LET YOUR ENDS MEET (Hope I explained well)
Indicador de Pine Script™
por sanjay_ramanathan
10
BE - Pr_DayLowHigh_BreakoutScreener AlgoHerewith presenting the Screener based indicator which supports Algo trade on the NSE stocks. The idea behind this indicator is when the Current day stock breaks out of Yesterday's high or Low with promising volumes (Using MA's and POC of Volume Profile) along with formation of candle Pattern. Initiates the Trade entries. Note: Indicator is designed to take an entry even before the candle is closed as soon as the entry level is crossed and it shall exit the trade as soon as the SL is hit even before candle is close. How to Work with this Indicator. You can map up to 15 Scripts in this indicator. However you may decide if you wish to load all 15 are few of them. if you wish to load only 10, below settings should help you ignore the rest 10 symbols from screening it for setups Updating Symbol Script. This is an important part is used for Algo trades. Read the tooltip for better understanding of the format. Acceptable format is Broker Name followed with : and space with Symbol mapping Name followed with / and Instrument token provided by broker if no token alloted for the script then you may keep 0 against symbol name followed with / and Qty in terms of absolute value or in terms of percentage. Trade and Scan Settings Symbol List Mapping For Improvements in Results - Use Events and keep a track of it / use Nudges etc.
Indicador de Pine Script™
por TradeWiseWithEase
RSI Scalping & Swing Signals With AlertsThis RSI indicator shows a green or red ribbon when the smoothed RSI is bullish or bearish. It also includes a long moving average for overall trend confirmation. Wait until the ribbon holds above or below the long moving average and take positions in that direction. To get an easier to read RSI indicator, I smoothed the RSI out and paired it next to a short term RMA. These two together form the ribbon that will show you early reversals and trend direction. The long moving average is used as an overall trend detector and confirmation for longer term trends. ***HOW TO USE*** Scalping: Enter longs when the ribbon turns green and enter shorts when the ribbon turns red. Exit positions when the ribbon turns the opposite color or crosses the long moving average. Swing Trading: When the ribbon holds above the long moving average or breaks out and retests it, look for long positions and exit when the ribbon turns red or crosses the long moving average. When the ribbon holds below the long moving average or breaks down and retests it, look for short positions and exit when the ribbon turns green or crosses the long moving average. ***DETAILS*** This indicator gives early reversal signals very well and waiting for the RSI ribbon to cross the long moving average helps to get you into positions when the market is ready to really move while filtering out some of the noise. The ribbon and background will change to green or red depending on whether it is currently bullish or bearish. There is also a label that changes colors and tells you if RSI is bullish or bearish and also whether the RSI ribbon is above or below the long moving average. Green or red circles will appear on the indicator when there is a bullish or bearish cross of the RSI ribbon and the long moving average. It also has alerts that trigger when RSI is turning bullish/bearish or when the RSI ribbon is crossing the long moving average. ***CUSTOMIZATION*** Each piece of this indicator can be customized to suit your preferences including the RSI source, length, smoothing length, short moving average length and long moving average length. You can also turn off the labels, signals and long moving average. All of these settings can be managed within the indicator settings input tab. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This RSI Scalping & Swing Signals indicator can be used on all timeframes. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are Trend Friend Scalp & Swing Trade Signals, Volume Spike Scanner, Buy & Sell Pressure Volume Profile, and Momentum Scalper in combination with this RSI indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Indicador de Pine Script™
por FriendOfTheTrend
4
Momentum Scalping & Swing Signals With AlertsThis Momentum indicator shows a green or red ribbon when smoothed momentum is bullish or bearish. It also includes a long moving average for overall trend confirmation. Wait until the ribbon holds above or below the long moving average and take positions in that direction. To get an easier to read momentum indicator, I smoothed the momentum out and paired it next to a short term RMA. These two together form the ribbon that will show you early reversals and trend direction. The long moving average is used as an overall trend detector and confirmation for longer term trends. ***HOW TO USE*** Scalping: Enter longs when the ribbon turns green and enter shorts when the ribbon turns red. Exit positions when the ribbon turns the opposite color or crosses the long moving average. Swing Trading: When the ribbon holds above the long moving average or breaks out and retests it, look for long positions and exit when the ribbon turns red or crosses the long moving average. When the ribbon holds below the long moving average or breaks down and retests it, look for short positions and exit when the ribbon turns green or crosses the long moving average. ***DETAILS*** This indicator gives early reversal signals very well and waiting for the momentum ribbon to cross the long moving average helps to get you into positions when the market is ready to really move while filtering out some of the noise. The ribbon and background will change to green or red depending on whether it is currently bullish or bearish. There is also a label that changes colors and tells you if momentum is bullish or bearish and also whether the momentum ribbon is above or below the long moving average. Green or red circles will appear on the indicator when there is a bullish or bearish cross of the momentum ribbon and the long moving average. It includes alerts that trigger when momentum is turning bullish/bearish or when the momentum ribbon is crossing the long moving average. ***CUSTOMIZATION*** Each piece of this indicator can be customized to suit your preferences including the momentum source, length, smoothing length, short moving average length and long moving average length. You can also turn off the labels, signals and long moving average. All of these settings can be managed within the indicator settings input tab. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This Momentum Scalping & Swing Signals indicator can be used on all timeframes. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are Trend Friend Scalp & Swing Trade Signals, Volume Spike Scanner, Buy & Sell Pressure Volume Profile, and RSI Scalper in combination with this momentum indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Indicador de Pine Script™
por FriendOfTheTrend
5
Auto Support & Resistance With Wick Signals & Percentage GapsThis auto support and resistance indicator uses percentage deviations from the previous session close to calculate levels. It provides arrows as signals when it detects 2 wicks in the last 5 bars from a support or resistance level. Includes alerts for price crossing any level as well as real time percentage gaps from current price to the next closest support and resistance level. You also have the option to set up to 3 major levels of your own for any levels that are very important on longer timeframes that you want included. Those will show on the chart as well as within your percentage gap table with color coded background. All features can be customized or turned off to suit your preferences. SOURCE This indicator uses the previous session close as a source by default but can be adjusted to use the previous session high or the previous session low. I find the close setting to provide the most accurate levels. SESSION The default setting for the previous session used is the daily session but can be adjusted to use the daily, weekly, monthly, quarterly or yearly session. Use longer sessions when looking at longer time frame charts. SIGNALS The signals by default are set to only show an arrow if there have been 2 bullish or bearish wicks off of a support or resistance level in the last 5 bars. This can be changed to one bullish wick off of support and one bearish wick off of resistance or it can be set to give a signal anytime a bar crosses a support or resistance level. This can be controlled in the indicator settings. PERCENTAGE DEVIATION LEVELS The default percentage deviation is set to 1% but can and should be adjusted according to whatever ticker you are using. For example use .25% or .5% when looking at forex intraday charts since they are not as volatile as other markets. For leveraged etfs used 1% multiplied by the leverage on the etf, so for SQQQ use 3% as it is a 3x leveraged etf. When looking at longer timeframes or highly volatile charts, set the percentage deviation to 2%, 5%, 10%, etc. LINE COLORS The color of the lines will change from red to green depending on if the price is above or below that level. You can customize these colors in the settings. MAJOR LEVELS If you have major levels of support and resistance from longer timeframes and your own charting, you can add up to 3 major levels that will show on the chart as well as show the percentage gaps in the table. The label for each major level will be colored to match the color of the line on the chart individually. PERCENTAGE GAP TABLE The gap table will update live with percentages to go from current price to the next closest support and resistance levels so you don’t have to calculate them manually. The position of the percentage gap table can also be changed within the indicator settings. TURN FEATURES ON/OFF There are 3 toggle switches so you can easily turn on or off certain features such as: the support and resistance lines, the percentage gaps table and the arrow signals. LINE WIDTHS You can also set the line width of all levels and the line width of the starting level within the indicator settings. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This automatic support and resistance indicator can be used on all timeframes as long as there is enough data for the session used. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Volume Spike Scanner, Volume Profile, Momentum and Trend Friend in combination with this auto support and resistance indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Indicador de Pine Script™
por FriendOfTheTrend
18
Single Prints - Session Initial BalancesDisclaimer: Expose yourself to the knowledge of different trading methods. If you are unaware of what a Single Print is then do some research and broaden your knowledge. This indicator has only been tested on BTCUSDT Binance pair. This indicator is meant to be used on the 30 minute timeframe to highlight Single Prints. The calculations are base on 0000 UTC and what Single Prints are created during that day. Single Prints Single Prints are where prices moves to fast through an area (on a 30 minute timeframe), in the case of this indicator in $50 intervals, where the price has not yet cross back past, represented as orange lines. If you were viewing this on a Time Price Opportunity Chart (TPO) each $50 would be represented as a square with a letter in it. If price has only been through that area once, within that 24 hour period, then it is called a Single Print. If however the Single Print is on the lower wick of the candle it is called a Buying Tail and on the Upper Wick a Selling Tail. Single Prints leave low volume nodes with liquidity gaps, these inefficient moves tend to get filled, and we can seek trading opportunities once they get filled, or we can also enter before they get filled and use these single prints as targets. Single Prints are a sign of emotional buying or selling as very little time was spent at those levels and thus there is no value there. The endpoints of single print sections are considered to be potential support or resistance points and or get filled (like a CME gap). The above is only a very short summary, to understand Single Prints, Buying Tails and Selling Tails more please do your own research (DYOR). References: Trading Riot Volume Profile - Website TOROS TPO Charts Explained - Youtube Session Boxes Session Boxes are the high and low of that markets session before the new market session opens. I used the data from the website Trading Hours for the time input. White box – Start of day UTC 0000 to Market Close UTC 2000 Purple box – Asia Start UTC 0130 to London Start UTC 0700 Yellow box – London Start UTC 0700 to New York Start UTC 1330 Blue box – New York Start UTC 1330 to Market Close UTC 2000 Red box – Market Close UTC 2000 to End of day UTC 2359 References: Trading Hours - Website Initial Balance The Initial Balance is the market range between the high and low of the first hour of trading for the market. In the case of crypto when is the Initial Balance if it is 24/7. Context of Initial Balance: The Initial Balance is traditionally the range of prices transacted in the first hour of trade. Many regard the Initial Balance as a significant range because, especially for the index futures which are tied to the underlying stocks, orders entered overnight or before the open are typically executed prior to the end of the first hour of trade. Some use it to understand how the rest of the day may develop, while others use it as a span of time to avoid trading altogether because of its potential volatility. For this indicator I have coded the Initial Balance time as below: White Box - To appear for the first hour of the day 0000 to 0100 UTC . Purple Box - To appear for the first hour of the day 0130 to 0230 UTC . Yellow Box - To appear for the first hour of the day 0700 to 0800 UTC . Blue Box - To appear for the first hour of the day 1330 to 1430 UTC . Red Box - To appear for the first hour of the day 2000 to 2100 UTC . The diagram above shows some examples: How price (white arrows) retraces the single prints. How price (red arrows) uses the single prints as S/R. References: Not Hard Trading – Website My Pivots Initial Balance - Website Thanks go to: StackOverFlow Bjorn Mistiaen Trading View user mvs1231 Please message me if you have any feedback/questions. I am looking at developing this indicator further in the future.
Indicador de Pine Script™
por Frien_dd-DisDev
35
PRIME - ShadoW ZoneZ with RSI LevelsIn This experimental study, we've taken RSI data, Volume Profile, and Trend analysis, combining them into one unique package that will allow a trader to analyze market trend lines and their proposed channels, trend momentum through candle color augmentation similar to "Pulse", and Visible Volume index price levels on chart for the current sequence. Below are explanations of each function within the system. The Semafor is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones at different Depth settings. The red zones are the extreme places where the market has a higher chance of reversing while the green zones have the lowest setting with lower chances of the market reversal Automatic Trend Lines The indicator takes in 2 timeframes to detect High and Low values from which to draw the trend lines of each timeframe. As the values change with price movement, the lines are updated. They are color coded for uptrend and downtrend based on the direction of each individual line. Trend lines can be set up to color with only the default value on the configurations panel. - Toggle on/off Color Coded - Change Default, Uptrend, Downtrend color - Change Line Width - Change Line Style - Toggle on/off Line Extensions - Change Extended Line Width - Change Extended Line Style - Toggle On/Off labels for 7 data points of each timeframe Automatic Trend Sights This is a neat feature that may help you get a better feel for the direction the current movement is heading towards in correlation with the short or medium length timeframe trends. The sight draws a line from the middle vertical point of the trend coordinates towards the current price. They are toggled off by default but can be enabled in the configurations panel. - Toggle on/off sight on each timeframe - Change Width - Change Line Style Support & Resistance Levels, the main aim of the study. Level calculations are based on Relative Strength Index ( RSI ) threshold levels of oversold/overbought and bull/bear zones, where all threshold values are customizable through the user dialog box. Background of the levels can be colored optionally. RSI Weighted Colored Bars and/or Mark Overbought/Oversold Bars , Bar colors can be painted to better emphasis RSI values. Darker colors when the oscillator is in oversold/overbought zones, light colors when oscillator readings are below/above the bull/bear zone respectively, and remain unchanged otherwise. Besides the colors, with “Display RSI Overbought/Oversold Price Bars” option little triangle shapes can be plotted on top or bottom of the bars when RSI is in oversold/overbought zones . Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Indicador de Pine Script™
por prim3associat3s
21
Mean Deviation Detector - Throw Out All Other IndicatorsI set out this morning to create a script that searches out price moves that went too far too fast relative to historical pricing, given that such situations often result in the most profitable trading opportunities. I came up with the mean deviation detector. This script should be used as a means of judging how far a price is trading, in percent terms, from it's "average trading zone". This is extremely helpful in a couple scenarios. First, it can be used to judge a move's volatility relative to it's previous volatility. Put simply, a 5% move in the stock of Coca Cola is a lot more meaningful than a 5% move in the stock of Tesla, and the detector puts moves into historical (visual) perspective. Second, the indicator can be used in real time as a means of determining when the chances of mean reversion are high or low. Extreme values are unsustainable and often lead to EITHER A.) price mean reversion or B.) time mean reversion. Put simply, prices either went too far and are due to fall back to a historical mean, or they need more time to digest a potentially new pricing zone. Without getting too deep into volume profile analysis, the MDD can be a simple way of telling that a stock has moved into an "air pocket", where prices will either come back to the previous volume node (price mean reversion) or set up shop in a new, uncharted area (time mean reversion). An extreme value doesn't always mean a trading opportunity, but it means that something interesting is happening in the stock / instrument. I use this indicator to help me trade covered calls. Lots of high yielding weekly opportunities are stocks that have moved too far too fast, and I like to use this indicator as a means of either a.) scooping up stocks that have gotten beat up from a historical mean perspective & have likely seen the risk already "beaten" out of them, or to b.) stay away from stocks that have a very high chance of price correcting lower. In situations where I say that the risk has been "beaten" out of something, it doesn't mean that the stock won't continue to fall, it simply means that the degree and acceleration of the fall has peaked and that risk premiums in selling options will / should easily pay for continued losses. In the event that it's a price correction and not a time correction, you also increase your bat rate because you get auto-liquidated at a max profit. It's a really valuable tool in my kit. You can also feel free to put a Keltner Chanel overlay onto the MDD to filter out noise, identify "extreme" values, and place mean reversion trades if you expect price mean reversion is likely, if you want to use this as the basis of a proper trading strategy. For a high extreme value, you could sell short term OTM call spreads, for example. The MDD is adaptable to your own trading style & preferences.
Indicador de Pine Script™
por PropNotes
6