using volume analysis and order block methods, this indicator can be used to get buy and sell signals which has 70+ % accuracy.
if strategy combined with our 1st order block detection indicator, it will get you more accurate trades.
This script is built on a request of one of the best trader yoyo. The script compares the performance of a tickers against SPX.
The script gives user option to override default SPX ticker to a ticker of their choice using settings.
The script does a % change comparison against base stock which is SPX by default for same timeframes and you can see relativity of...
This is MACD but little different.
The idea behind this is to use MACD to find resistance and support level first. So we can use the logic of volume profiles for this setting and by imply the MACD on it you can make the hybrid for it .
The line represent the both resistance level and if macd is above or bellow the zero
if line is red the macd is bellow zero if it...
I'm getting this question at least once per week: "how to define a custom exit quantity for my stop loss and a different one for my take profit"
Instead of answering every day the same question in my DMs, I've decided to publish an educational strategy template script using this
- Select to use or not the SL and/or TP
- Define how many...
The classic value charts indicator has fixed overbought and oversold levels at 8 and 10 levels and the idea of adding dynamic zones around them instead of fixed levels is appealing.
During the strong trending movements, the overbought and oversold levels also dynamically move up or down.
I have used the dynamic zones code by @allanster.
The idea of using dynamic...
LeveLeledc - Exhaustion levels (InSilico)
Method for zero confirmation support/resistance level detection using Leledc Exhaustion Bars
Study is extension/mod of glaz script ,its implementing simple but unorthodox use-case for "Leledc Exhaustion Bars"
More information on core function in source scripts page ->
Simple method to convert from input.text_area to array using str.split.
Reshape table using switch, not necessary must use matrix.reshape.
Might be useful pine script to replace input.symbol.
Table can positioned by any position and font size can be resized.
Reshape table and sorting array if necessary.
This simple script indicate the potential flat market zones, calculated based on the Bollinger Bands width.
It's showing the Bollinger Bands in red when the market is detected as flat.
You can adjust the Width Threshold with precision on the inputs settings.
For anyone interested, Here is an example of how to put backtesting results into an Indicator. This calculates the same values as you find in the Summary Screen of the built in Strategy backtester. This will use the same result size as the standard backtester i.e. 5 minute chart grabs roughly 1 month of data, 1 minute chart grabs 1 week of data, etc... I tried...
MVPA=GDPPC/( M2 /POP). An adaptation to normal Money Velocity, taking into account populations for more volatile plots/different perspective. Major world economy's money supply velocity. Compare how each country's monetary policy has played out and current trajectory in comparison to others. The velocity of money is a measure of the number of times that the...
In this study, I present a method to expose NaN values to development environment.
This exposure allows NaN values to be used by methods in scripts.
I also show how to use values, even NaN values, as anchors from...
This script is proof of concept to display an “error message” to provide user feedback when valid, but non-logical variables are input by the end user. In this example, the user enters a lower limit that is greater than the upper limit. The Pinescript user input box allows input types and min/max values, but it does not allow input conditions like (Upper > Lower)...