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Normalized Momentum Trigger SimpleNormalized Momentum Trigger Simple Normalized Momentum Trigger is a clean momentum and impulse indicator designed to identify directional shifts by measuring how far price is moving away from its average, normalized by recent volatility. Instead of using raw momentum alone, this indicator standardizes price movement relative to its recent deviation, helping make momentum behavior easier to compare across different symbols and timeframes. Features: • Normalized momentum line • Impulse histogram • Bullish and bearish trigger levels • Extreme bull and extreme bear trigger levels • Multiple moving average basis options: • SMA • EMA • WMA • RMA • HMA • Optional zero-line filter • Optional momentum slope confirmation • Optional trend MA filter • Background bias coloring • Bull, bear, extreme bull, and extreme bear markers Alerts Included: • Bull Trigger • Bear Trigger • Extreme Bull Trigger • Extreme Bear Trigger • Momentum Crossed Above Zero • Momentum Crossed Below Zero Potential use cases: • Identify momentum shifts • Spot impulse changes • Confirm trend continuation • Filter trade entries • Detect early changes in directional pressure • Add confluence to existing systems Interpretation: Bull Trigger Momentum impulse crosses above the bullish threshold. Bear Trigger Momentum impulse crosses below the bearish threshold. Extreme Bull / Bear Trigger Momentum impulse reaches a stronger threshold, suggesting more aggressive directional movement. Zero Line Momentum above zero suggests bullish pressure, while momentum below zero suggests bearish pressure. Impulse Histogram Shows the change in normalized momentum and helps visualize acceleration or deceleration. About TrendGenY Indicator TrendGenY indicators are built from market experience, creative concepts, and a constant pursuit of unique perspectives. Rather than following conventional ideas, the focus is on uncovering alternative insights and viewing market behavior through different angles to reveal information that traditional tools may overlook and help traders build a more meaningful edge in the market.
Indicador Pine Script®
por TrendGenY
Last Opposing Candle Before Two Custom TimesThis indicator is designed to identify the last opposing candle before a major custom trigger time, helping traders locate potential institutional reaction zones before key market movements occur. By default, the indicator tracks two important times — 4:00 AM and 9:27 AM New York time — and automatically highlights the final candle that moved against the immediate directional sequence leading into those times. The indicator works by analyzing the candle flow prior to each trigger time and locating the last opposing candle before momentum formed. Once identified, the candle is boxed and color-coded with separate customizable brilliant color themes for each trigger time, allowing traders to visually distinguish between the overnight/pre-market setup and the regular market open setup. One of the primary benefits of this tool is its ability to help traders identify: potential liquidity zones reversal areas mitigation blocks institutional order flow regions reaction points after market open or pre-market expansion The indicator also keeps the highlighted zones active after the trigger occurs, allowing traders to monitor when price revisits those areas later in the session. Built-in alert conditions notify the trader whenever price returns to one of the opposing candle zones. Key Features: Dual customizable trigger times Default 4:00 AM and 9:27 AM logic Independent brilliant color schemes for each trigger Adjustable minimum candle sequence logic Persistent reaction zones Alert functionality for price revisits Highly visual institutional-style zone mapping Fully customizable appearance and transparency settings This indicator is especially useful for: opening range traders liquidity sweep traders smart money concepts (SMC) traders reversal traders pre-market structure analysis session transition analysis day traders looking for high-probability reaction zones
Indicador Pine Script®
por gpmpastorsc
AxMan Exhaustion Detection Reversal Rider1. The "Exhaustion" Phase (The Warning) The strategy first looks for a Yellow or Orange Diamond. This isn't a signal to buy yet; it’s a warning that the current trend is dying. The Logic: It looks for a massive spike in volume combined with an "over-extended" RSI. The Visual: Imagine a car slamming on its brakes at high speed. The tires smoke (Volume Spike), and the car skids (RSI Oversold). The Filter: This prevents you from entering a trade when the market is "boring" or slowly drifting. You only care about the moments of peak panic or peak euphoria. 2. The "Locked & Loaded" Window (The 12-Candle Rule) Once that "Exhaustion" diamond appears, the chart background changes color. The strategy is now hunting for a trade. The Logic: It gives the market exactly 12 candles to prove it can reverse. Why 12? If the market doesn't reverse within 12 candles, the "exhaustion" was just a pause, and the old trend is likely to continue. This rule keeps you out of "dead zones" where the price just goes sideways. 3. The "Trigger" (The Fast Entry) This is where the strategy beats traditional indicators. It doesn't wait for a fancy moving average crossover. The Logic: As soon as a candle closes above the high of the previous candle (for a Long) or below the low (for a Short), it enters. The Goal: It gets you in at the absolute "bend" of the trend. By the time most traders see a trend change, this strategy is already in profit. 4. The "Ride" (The Exit) This strategy is not about "scalping" small profits. It is designed to stay in the trade as long as the trend is healthy. The Exit Rule: It only closes the trade if: Opposite Exhaustion: It sees the same "panic" signal happening on the other side (The Target). Trend Break: The price closes on the wrong side of the 50 EMA (The Safety Net). The Result: This allows you to "Ride the Wave" during massive moon-shots or market crashes, often staying in a single trade for days on the 4H chart. Why It’s "Adaptive" Because it uses standard deviations for volume and previous candle breaks for entry, it behaves correctly whether you are looking at a 15-minute chart (fast day trading) or a Daily chart (long-term investing). It scales its "expectations" based on the timeframe you choose. Summary in one sentence: "We wait for the sellers to get exhausted, wait for the buyers to step in and break one high, and then we hold until the buyers get tired too."
Estratégia Pine Script®
por Axj_Stev
GeorgeFX - CRT 4H Hunter ProThe GeorgeFX - CRT 4H Hunter Pro is a professional liquidity-tracking indicator designed for the 15-minute timeframe. It identifies high-probability reversals by monitoring 4-Hour (HTF) liquidity sweeps and confirming entries via local market structure shifts. Core Logic: 1.HTF Liquidity Detection: The script tracks the Previous 4H High and Low. 2.The Sweep (Liquidity Grab): It identifies when the 15m price pierces these 4H levels and closes back inside, signaling a potential "trap." 3.Volume Filter: Only sweeps with volume higher than the 20-period average ($1.1x$ multiplier) are considered valid. 4.Multi-Sweep Memory: The script tracks consecutive sweeps (C1, C2, C3) within the same 4H candle, resetting only when the price re-enters the 4H range. 5.Precision Entry (The Dot): A signal (●) is generated only when the 15m price closes beyond the trigger candle's body, confirming momentum. Visual Elements: 1.Stepline Levels: Red (4H High) and Green (4H Low) lines showing the HTF boundaries. 2.Sweep Boxes: Shaded regions showing the depth of the liquidity grab. 3.Confirmation Dot (●): High-visibility Lime (Buy) or Red (Sell) dots marking the exact entry candle. 4.Trigger Lines: Horizontal lines connecting the sweep to the entry point. 5.Visibility Limit: Display is optimized to show only the last 200 bars to keep the chart clean. Professional Alert System: 1.The script uses a standardized "Pro-Signal" format designed for instant readability on mobile devices or smartwatches. 2.Alert Trigger: Fires exactly at the close of the 15m confirmation candle. How to Set Up Alerts: 1.Apply the script to your 15-minute chart. 2.Click the Alerts icon (Clock) in the right sidebar. 3.Set Condition to GeorgeFX - CRT 4H Hunter Pro. 4.Select Any alert() function call. 5.Set Expiration to "Open-ended" and click Create.
Indicador Pine Script®
por VantageFlowProHunter
6
Range Average Retest Model [LuxAlgo]The Range Average Retest Model tool highlights setups from the range average retest entry model, a model using the retest of the average between two opposite swing points as an entry. This tool uses long-term volatility coupled with user-defined multipliers to filter out swing areas and set take profit and stop loss levels for all trades. Key features include: Draw up to 165 swing areas and their associated trades Filter out swing areas using Pivot Length , Selection Mode and Threshold parameters Filter out trades with Maximum Distance and Minimum Distance parameters Enable or disable swing areas and select default colors Enable or disable overlapping trades and change the default colors for Take Profit and Stop Loss zones 🔶 USAGE The "Range Average Retest Model" is an entry model that enters a position when the price retests the average made between two swing points. Users can determine the period of the detected swing points from the "Pivot Length" setting. The conditions for long or short trades, regardless of whether the swing area is bullish or bearish, are as follows: Long positions: the current bar close is below the swing area average and the last bar close was above it. Short positions: the current bar close is above the swing area average price and the last bar close was below it. Each trade is displayed on the chart with a line connecting it to its swing area highlighting the range average, a green area for the take profit, and a red area for the stop loss. Both the Take Profit and Stop Loss levels are calculated by applying your own multiplier in the settings panel to the long-term volatility measure, in this case, the average true range over the last 200 bars. Trades will remain open until they reach either the Stop Loss or Take Profit price levels. 🔹 Filtering Swing Areas The daily chart of the Nasdaq-100 futures (NQ) with pivot length 2 and bullish selection mode: it only detects bullish swing areas, but they are smaller and more numerous. Traders can manipulate the behavior of the swing areas from the settings panel. The Selection mode will filter areas by bias: it will detect bullish areas, bearish areas, or both. The Threshold parameter is applied to the long-term volatility to filter out areas where the average prices are too close together; the higher the value, the greater the difference between the average prices must be. 🔹 Trades 3-minute chart of the Nasdaq-100 futures (NQ) with pivot length 5, bearish selection mode maximum distance 4, and stop loss 2: many trades detected with very asymmetric risk/reward. The behavior of the trades is also manipulated from the settings panel. The maximum and minimum distance parameters specify the number of bars a trade must be away from a swing area. The Take Profit and Stop Loss parameters are applied to the long-term volatility to obtain their respective price levels. 🔹 Overlapping Trades Same chart as before, but with overlapping trades: messy, right? By default the tool does not show overlapping trades, this allows for a cleaner chart. In the settings panel traders can enable overlapping mode, in which case the tool will show all available trades. Traders must be aware that the chart can be very crowded. 🔶 SETTINGS 🔹 Swings Pivot Length: How many bars are used to confirm a swing point. The larger this parameter is, the larger and fewer swing areas will be detected. Selection Mode: Swing area detection mode, detect only bullish swings, only bearish swings, or both. Threshold: Swing area comparator. This threshold is multiplied by a measure of volatility (average true range over the last 200 bars), for a new swing area to be detected it must have an average level that is sufficiently distant from the average level of any untouched swing area, this parameter controls that distance. 🔹 Trades Maximum distance: Maximum distance allowed between a swing area and a trade. Minimum distance: Minimum distance allowed between a swing area and a trade. Take profit: The size of the take profit - this threshold is multiplied by a measure of volatility (the average true range over the last 200 bars). Stop loss: The size of the stop-loss: this threshold is multiplied by a measure of volatility (the average true range over the last 200 bars).
Indicador Pine Script®
por LuxAlgo
17
Buy/Sell EMA CrossoverThe indicator identifies potential trading opportunities within the market. It is entirely based on the combination of exponential moving averages by drawing triangles on the chart that identify buy or sell signals combined with vertical bars that create areas of interest. Specifically, when a buy signal occurs, the indicator draws a vertical bar with an azure background, indicating a possible buy area. Similarly, a sell signal is represented by a vertical bar with a fuchsia background, indicating a possible sell area. These areas represent the main point of the indicator which uses exponential moving averages which, based on the direction of prices, identify the trend and color the background of the graph in order to visually highlight the predominant trend. The green triangles above the bars of the chart suggest possible upside opportunities (good bullish entry points) when the 21 ema crosses the 200 ema. While on the contrary the red triangles, 21 ema lower than the 200 ema, can indicate possible bearish trends (good bearish entry points). While the white and purple triangles reveal moments of potential indecision or market change. We can think of them as situations of uncertain trend in which it is possible to place a long or short order near some conditions that we are going to see. The white triangles below, which are created when the 13 ema is higher than the 21 ema, indicate a possible bullish zone while the purple triangles above (13 ema lower than the 21) could suggest a bearish reflex Colored lines represent moving averages blue = 200, 21= fuchsia and 13 = white. If the price is above the 200 period line then it could be a bullish opportunity, otherwise it could be a bearish one. An interesting strategy to adopt is to evaluate, for example, the inputs near the vertical bars (azure - long) (fuchsia - short) when a white or purple triangle appears. The more prominent green triangle indicates that the trend is going in a long direction. On the contrary, the red (short) triangles are the opposite of the green ones and have the same importance as input logic. The white triangle instead present more often inside the indicator identifies interesting buying areas of short duration, it is important to consider that the closer the triangles are to the vertical blue bars the stronger the entry signal. Finally, the purple triangles are the short-term bearish trends whose entry near the fuchsia vertical bars defines a short.
Indicador Pine Script®
por RandyPanda1
Three-Day Rolling PivotThe three-day rolling pivot is another pivot concept, which may be used by intermediate positions, for several days or even weeks. It can be utilized in many ways, such as to determine an entry point or trailing stop. As the name suggests, this pivot is based on the last three days. I learned this concept of the book "The logical Trader" by Mark Fisher. Kudos go to him! My version of the Three-Day Rolling Pivot uses actual data! And all similar scripts I have found so far calculate future data and don't take into account the original data. I hope this script will help some people to do some better decisions. And I am pleased to get some advice to make this script even better! Future data vs original data Pine Script v5 Reference Manual: Merge strategy for the requested data position... This merge strategy can lead to undesirable effect of getting data from "future" on calculation on history. This is unacceptable in backtesting strategies, but can be useful in indicators. e2e4 on Stack Overflow said: Pine v1-v2's security() function is using the lookahead parameter by default, which could be modified in v3-v5... stackoverflow.com I haven't found a script which put this into account jet. I leave this option available for people that wanna more speculated data. But it's disabled by default. Long/Short Example You can enter Long when the market cross over the upper line (default color is green) and you should put your trailing stop 1-5 ticks below the lower line (default color is red). The opposite when Shorting, then the market has to cross down the lower line and your trailing stop should be 1-5 ticks above the upper line. How does this script work: First it fetches the highest high of ... yesterday, the day before yesterday, and the day before that. After that the script looks for the highest high of all three. Next it does the same for previous lowest low. Last but not least, it fetches the closing price of the last day. After that it adds all three prices together and divide them by three. This result in a three day pivot price. Then it adds the highest high and lowest low of the three last days and divide it by two. This gives us the second number we need to calculate the differential. The differential is the gap between the three day pivot price and the second number. Sometimes the second number is bigger than the three day pivot price so I took that into account too. Other wise the colors plotted would be on the wrong site. Finally, the script is rounding the numbers to the nearest minimum tick of that security.
Indicador Pine Script®
por weak_hand
9
Risk:RewardThis Indicator displays Entry and Exits levels. The display is done under 3 modes: - Risk/Reward mode (the one by default. It is set to a 1:1 ratio) - Multiples TP Levels - Custom Levels Click to Set entry Price on chart The displaying is static by default to make it dynamic disable the "Use custom Entry ?" input. Disclaimer: Scripts that I post publicly are experimental. They are not financial advices. Always backtest your ideas using your own methodologies.
Indicador Pine Script®
por sosso_bott
1
Parabolic sar with breaksThis plots a Parabolic sar and a break line on the previous sar point before the parabolic sar flips. This is looking to be a very popular entry signal for lots of strats. How to use: In conjunction with other confirmation indicators; Long : Enter long when the Parabolic sar is below the price and the price breaks above (and closes) the break line. Short : Enter short when the Parabolic sar is above the price and the price breaks below (and closes) the break line. A great indicator combination for this is to use a 200 ema for price trend and volume flow.
Indicador Pine Script®
por carlpwilliams2
8
RSI + MA StrategyHello, everyone! We have just released an innovative strategy for TradingView. It allows you to facilitate the trading process when you have to use both indicators. This strategy is: User-friendly Configurable Equipped with the combination of Relative Strength Index (RSI) and Moving Average (MA) indicators Designed with all required functions to manage positions Features The RSI+MA strategy can: Identify entry points for Long and Short positions. Depict RSI and MA values concerning each other. Reduce visual congestion and import usability thanks to using a combo of 2 indicators. Allow using pivot trading. The RSI+MA strategy will enter a Long position according to the Short position conditions. And vice versa. Note! If you want to open a Long position, the RSI line should cross MA from top to bottom. If you want to open a Short position, RSI has to cross MA from bottom to top. Parameters We have equipped our strategy with more than 14 additional parameters. So, you can configure the EA according to your needs! Inputs : Use Reverse Trade — allows swapping Long and Short positions opening conditions. Resolution — allows you to view an indicator with data on a higher or lower timeframe on the current chart. RSI Length RSI Source: Open, High, Low, Close, HL2, HLC3, OHLC4 Show MA — allows you to enable or disable MA displaying. MA Length MA Offset Style: RSI — RSI indicator line color and style settings. MA — MA indicator line color and style configuration. Upper Band — allows customizing line style, color, and RSI upper bound value. Lower Band — allows you to customize line style, color, and RSI lower bound value. Background — background color setting within the RSI upper and lower borders. Precision — number of decimals for RSI values. Note! Try RSI+MA on your demo account first before going live.
Estratégia Pine Script®
por The-4xdev-company
14
Trend Strategy by zdmreThis Strategy is a trend following indicator. It is plotted on price and the current trend can be determined by its placement vis-a-vis price. It is constructed with just three parameters: Period, Multiplier and Entry/Exit Point with Superformula. The default parameters are 14 for Average True Range (ATR) and 4 for its multiplier. The average true range (ATR) plays a key role in ‘Trend’ as the indicator uses ATR to compute its value and it signals the degree of price volatility. You should note that any changes to these numbers can affect the use of the Trend indicator. While you using this indicator, you should not avoid putting your stop loss. For a long position, you can put stop loss right at the red indicator line. For a short position, you can put it at the green indicator line. You can insert your own settings as well. Using Trend Strategy along with a stop loss pattern is the best way for earning the best wealth in trading. There is no best setting for any trading indicator.
Estratégia Pine Script®
por zdmre
2
[DS]Bitcoin BTC ETH and others cryptos==DESCRIPTION - English version The purpose of this script is to show information on graph that can help your decision to buy and sell cryptos. The script is indicated for Position Trade (Long Term - Holder) and Swing Trade (Medium term). Position Trade it is recommended to use the Weekly (W) and Daily (D) charts, Swing trade to use the 4H and 2H charts. It is not advisable to use this indicator with graphic time frame less than 2 hours because the noise levels of information are very high. An alert function has been inserted in the indicator and to activate this function you will need configure it in the Tradingview. This alert will indicate the likely points of entry and exit of the asset. **DESCRIÇÃO - Versão em Português A proposta deste script é mostrar no gráfico informações que possam auxiliar a sua decisão de compra e venda de cryptos. Este script é indicado para negociação Position Trade (Longo Prazo - Holders) e Swing Trade (Médio prazo). Para Position Trade (Holders) é indicado utilizar os gráficos Semanal (W) e Diário (D), para Swing trade utilizar os gráficos 4H e 2H. Não é aconselhável utilizar este indicador com tempos gráficos menores que 2hs pois os níveis de ruídos nas informação são muito altos. Foi inserido no indicador uma função de alerta e para ativar esta função, você precisará configurá-la no seu Tradingview. Este alerta irá indicar os provaveis pontos de entrada e saída do ativo. ==================================================================================================== ** English Version ==================================================================================================== █ SETUP applied to Indicator The setup is based on the average 8, 21 and 56 of the weekly chart (taught on youtube channel: Augusto Backes) Price above the average 8 on the weekly, indicates that the market is UP trend, below the average 8 on the weekly that the market is DOWN trend RSI greater than 60% the market is UP trend RSI greater than 40% and lower 60% the market is in ACCUMULATION RSI less than 40% the market DOWN trend The weekly average 8 is represented in GREEN (Upward Trend) and RED (Downward Trend). The weekly average 21 is represented in LIGHT ORANGE The weekly average 56 is represented in LIGHT PURPLE The crossing of weekly averages 8 and 21 is represented with a GREEN (HIGH trend) and RED (LOW trend) cross - this signal is disabled on the graph but you can enable it by clicking on the graph setup █ FUNCTION USE (1) Average 8, 21 and 56 on Weekly - show the average 8, 21, 56 weekly on graphic (Average 8 in color red and green, 21 - light orange, 56 light purple) (2) Crossing of averages 8 and 21 Weekly - is not active but you can activate (3) Calculation of RSI (4) barcolor() - mark the candles with the green color (High market) and red color (Dow market) (5) alertcondition() - you can active this alert on Tadingview █ BUY AND SELL POINTS - likely points The indication of the BUY position is shown by a green arrow pointing upwards and the sell position by a red arrow pointing downwards. Buy and sell indications are obtained from the divergence in the market trend. █ THANK TO PineCoders for everything they do, all the tools and help they provide, and their involvement in making a better community. All PineCoders, Pine Pros and Pine Wizards, people who share their work and knowledge because of it and helping others, I am so happy and so grateful. █ NOTE This indicator is not a buy and sell recommendation, it indicates the most likely buy and sell points. Every purchase and sale decision is your responsibility ***************************************************************************************************** ** Versão em Português ***************************************************************************************************** █ SETUP aplicado no Indicador O setup está baseado na média 8, 21, e 56 do gráfico semanal Preço acima da média 8 no semanal indica que o mercado esta em tendência de ALTA, abaixo da média 8 no semanal que o mercado está em tendência de BAIXA RSI maior que 60% o mercado está em ALTA RSI maior que 40% e menor 60% o mercado está em ACUMULAÇÃO RSI menor que 40% o mercado está em BAIXA A média 8 semanal está representadas nas cores VERDE (Tendência de Alta) e VERMELHA (Tendência de Baixa). A média 21 semanal está representada na cor laranja claro A média 56 semanal está representada na cor roxa claro O cruzamento das médias 8 e 21 semanal esta representado com uma cruz VERDE (Tendência de ALTA) e VERMELHA (Tendência de BAIXA) - este sinal esta desativado no gráfico mas você pode ativá-lo clicando no setup do gráfico █ FUNÇÕES UTILIZADAS (1) Média 8, 21 e 56 no Semanal - mostra a média 8, 21, e 56 no gráfico (2) Cruzamento das médias 8 e 21 Semanal - não está ativo mas você pode ativá-lo (3) Cálculo do RSI (4) barcolor() - marca a vela (Candle) com a cor verde (Mercado em Alta) e a cor vermelha (Mercado em Baixa) (5) alertcondition () - você pode ativar o alerta no Tradingview █ PONTOS DE COMPRA E VENDA - prováveis pontos A indicação da posição de COMPRA é apresentada por uma seta na cor verde apontada para cima e a posição de VENDA por uma seta na cor vermelha apontada para baixo. As indicações de compra e venda são obtidas a partir da divergência na tendência do mercado. █ OBRIGADO PARA PineCoders por tudo o que fazem, todas as ferramentas e ajuda que fornecem, e seu envolvimento em fazer uma comunidade melhor. Todos os PineCoders, Pine Pros e Pine Wizards, pessoas que compartilham seu trabalho e conhecimento por causa dele e ajudando os outros, estou muito feliz e muito grato. █ NOTA Este indicador não é uma recomendação de compra e venda ele indica os pontos mais prováveis de compra e venda. Toda decisão de compra e venda é de sua responsabilidade
Indicador Pine Script®
por DalmarSantos
18
Gain/StopLoss Percentage LinesGain/StopLoss Percentage Lines is a quick way to enter your Entry Price in to a stock and track the percentage of gain or loss at the 5% and 10% markers. Click on the gear settings icon and type in your entry price. The percentage is defaulted to 5%. You can change this to a different percentage at this screen. Note that whatever number you enter will be doubled for the upper and lower lines. For instance, if you want to set your first red line stop loss and green gain line at 2.5%, your two other upper and lower green and red lines will be at 5%. However, this will not change the text on the tab marker. To change the tab text, go in to the Pine Editor and change the green text that says "5% Gain" and "5% Loss" to your new percentages.
Indicador Pine Script®
por gwizdavid
3
Relative Volume Screener AlertsThis script will screen 12 different stocks and current chart (13 in total) for entry points from my relative volume indicator. 1. Enter in any ticker ID's from charts you wish to scan in the settings. 2. Go to desired timeframe. 3. Click add alert button at top toolbar. 4. Select RVOL Screener Alerts indicator, input alert notification settings and/or change alert name and click create. The script will then scan the stocks and alert you of any entry points from the timeframe you set the alerts. A new alert needs to be created for each timeframe you wish to screen. You can find my relative volume indicator here:
Indicador Pine Script®
por veryfid
12
Abnormal Pin BarPin Bar is one of the most important candlestick patterns. Almost every time you see a pin bar, you can expect the price to turn in the opposite direction. You should pay more attention to the abnormal ones among the pin bars. What I mean by abnormal pin bar is that the long leg is at least 3 times larger than the body. With this indicator, you can set your own abnormal pin bar settings. The indicator will highlight abnormal pin bars according to the settings you specified. The indicator uses the following three factors to indicate abnormal pin bar: - Minimum body ratio in the pattern in percent - Minimum ratio of the long shadow to the body - Minimum ratio of the long shadow to the short shadow Also, there is a volume strength check to confirm the pin bar. If the volume where the pin bar is formed is greater than the 20 volume average, it indicates that the pin bar is more important. Of course, confirming the pin bar with the volume is optional and you can disable it in settings if you wish. You can use the highlights of this indicator as an entry signal if the pin bar appears at the trend key levels or in support or resistance zones.
Indicador Pine Script®
por bhnmzm
13
OSCAR Oscillator by GenZai - NNFXOSCAR Oscillator by GenZai Green line is the Oscar Rough Red line is the Oscar By default based on the 8 last candles and smoothed using RMA Purple line is the Slow Oscar By default based on the 16 last candles and smoothed using WMA HOW TO USE Exit signaling This indicator can be used as an exit indicator when line cross each other. Entry signaling When the green line crosses up, it indicates a long entry When the red line crosses up, it indicates a short entry Overbought/Oversold When the indicator crosses the dashed grey lines it indicates Overbought Oversold Slow Oscar Add-on This is an Add-on to the orignal Oscar indicator Can be hidden if you want the original experience of the Oscar indicator. Can be used as a confirmation indicator by looking at the direction of the slope to verify is your are trending long or trending short. Can be used as a baseline to confirm signals given by Oscar Can be used to tweak your signals and test different settings. Stock or Forex? The program was originally written for stocks, but works equally well with the Forex market. How this indicator is calculated ? This is the formula we use to calculate the Oscar: let A = the highest high of the last eight days (including today) let B = the lowest low of the past eight days (including today) let C = today's closing price let X = yesterday's oscillator figure (Oscar) Today's "rough" oscillator equals (C-B) divided by (A-B) times 100. Next we "smooth" our rough number (let's call it Y) like this: Final oscillator number = ((X divided by 3) times 2), plus (Y divided by 3). SETTINGS: You can choose between different smoothing options: RMA: Moving average used in RSI. It is the Adjusted exponential moving averages (also known as Wilder's exponential moving average) SMA : Simple moving average EMA : Exponential moving average WMA : Weighted moving average
Indicador Pine Script®
por GenZai
33