I am here with a new idea and script, " Zigzag Waves ". This indicator creates 3 Zigzags with different lengths, keeps the lengths of each zigzag wave and calculates/draws average waves for each zigzag. optionally it can reset the wave when zigzag direction changes and new highest/lowest found. And optionally it draws Exponential Moving Average(EMA)...
This strategy idea is a variation of the "Donchian Channel" trading strategy. It is built with a highest-high band, a lowest-low band, and a baseline which is average the highest-high and the lowest-low bands. This strategy is very useful in trending instruments on 1W and 1D timeframes. This is the implementation used in the QuantCT app.
You can set the operation...
Rate Of Change Percentile calculates the current ROC (user defined length) as a percentile rank.
We use 2 separate arrays, one for all positive ROC values and one for all negative values within a defined lookback period. Then the current ROC value is compared to those arrays to find it's percentile ranking.
For example, a ranking of 75 means the ROC is in the...
Before I begin, here is a disclaimer: None of this is financial advice, and I'll recommend you to do your own research or talk to your financial advisor, if you want to use this. And also make sure you understand the risks properly before taking any trades. This particular indicator is a work of experiment, and I am publishing the optimized code. Please leave a...
8X Trend ATR SAR Dingue V5 - This is the updated version for Pine Script 5.
8x indicator into 1 :
2x ATR indicator - 3x Trend indicator - 3x SAR indicator
Trends are helpful to spot reversal and support resistance, especially on bigger time frames.
This indicator gives you a global view of various trends all at once. You can easily turn them On or Off as to...
Hello fellow TradingView community members! this is my first ever script hope you all will love it!
Thanks to - jaggedsoft & ClassicScott for their G-Channel Trend Detection & + Donchain Channels scripts.
Trend Karishma is a simple yet powerful indicator, "Trend" meaning trend and "Karishma" meaning Miracle!
How I use it:-
1. I'll do my analysis for any given...
High-Low Index is a breadth indicator based on Record High Percent (RHP). RHP is based on new 52-week highs and new 52-week lows. RHP => 100 * (new highs) / (new highs + new lows). High-Low Index is a 10-day Simple Moving Average of the RHP, which makes it a smoothed version of RHP. You can find many articles about High-Low Index on the...
This is a classic long term trend following system.
The breakout period is 50 days instead of 20 and the moving average crossover are 40 and 120.
The moving averages are also exponential instead of simple.
The stoploss is 4 ATRs away from the price.
Donchian Channels settings > 50 days
Moving Averages > 40 and 120, 80 and 140
This is a trend following system which uses the Bollinger Bands instead of the Donchian Channels.
* Price closes above the middle line.
* The fast EMA (in this case the 40) crosses over or is above the slow one (in this case the 120)
* Price closes below the middle line.
* The fast EMA crosses under or is below the slow one....
This is a trend following system based on the Donchian Channels. Instead of using a simple moving average crossover, this system uses the MACD as the trendfilter:
* Price makes a new 50 day high,
* The MACD-line crosses above or is above the Signal-line.
* Both the MACD and the Signal-lines are above the zero-line.
* Price makes...
In Elliott Wave Theory, 3rd wave is not the shortest one in the waves 1/3/5 and it's usually longest one. so if we can catch it then we may get good opportunities to trade. This script finds 3rd wave experimentally. it can be also the 3rd waves in the waves 1, 3, 5, A and C. the 3rd wave should have greater volume than other waves, the script can...
I got many requests for a Breakout script and here it's. This script searches the breakouts/breakdowns and draw square if there is one.
"Period" is used to find Pivot Points
"Max Breakout Length" is the maximum length to search breakouts
"Threshold Rate %" is channel width of the breakout area. calculated using highest/lowest of...
There are many types of SuperTrend around. Recently I thought about a Supertrend based on Pivot Points then I wrote "Pivot Point SuperTrend" script. It looks it has better performance on keeping you in the trend more.
The idea is behind this script is finding pivot point, calculating average of them and like in supertrend creating higher/lower...
Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time!
How it works?
- On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators.
- it search divergence...
Hello Everyone. After working on new and better trend lines script for couple of weeks, finally I am proud to publish Trend Lines v2.
How it works?
- On each bar it finds last 10 higher and lower Pivot Points (PP).
- from first bar to 10. PP it search if a trend line is possible
- for each it starts searching from the last PP.
- it check if drawing a trend...
This script gets OHLC values from any security and Higher/Same time frame you set, then creates the chart including last 10 candles. it shows Symbol name, Time Frame, Highest/Lowest level of last 10 candles and Close Price at the right side of the chart as well. Closing price text color changes by the real-time candle of the related symbol and time...