I already made an indicator (simple line) that tried to make lines on price such that the results would not repaint and give a good fit to the price, today i publish a channels indicator based on the simple line indicator. The indicator aim to show possible support and resistance levels when the central line posses a low sum of squares with the...
Based on my latest script "Linear Channels"
This is a trailing stop version of the linear channels. Thanks to capissimo for helping me fix several issues with the linear extrapolation part.
In order to know how the indicator work i recommend reading the post on the Linear Channels indicator here
Hope you like it and feel free to leave your suggestions :)
Example of various methods to show dashed or solid vertical lines on chart based on using either session or time.
Credit for line method goes to midtownsk8rguy ->
Credit for plot method goes to PineCoders -> www.pinecoders.com
Special thanks to LucF, midtownsk8rguy, and PineCoders for permission to use their work.
NOTICE: This is an example script and not...
Real Price Line + Dots (for Heikin Ashi)
This indicator is designed for use on Heikin Ashi charts. Its purpose is to enable traders to benefit from price averaging and smoothing effects of Heikin Ashi candles whilst also enabling them to see the current real price line, and optionally, real price close dots on the Heikin Ashi candlesticks.
Pinescript - Common Label & Line Array Functions Library by RagingRocketBull 2021
This script provides a library of common array functions for arrays of label and line objects with live testing of all functions.
Using this library you can easily create, update, delete, join label/line object arrays, and get/set properties of individual label/line...
Plot a linear regression channel through the last length closing prices, with the possibility to use another source as input. The line is fit by using linear combinations between the WMA and SMA thus providing both an interesting and efficient method. The results are the same as the one provided by the built-in linear regression, only the computation differ.
Nothing fancy in terms of code, take this post as an educational post where i provide information rather than an useful tool.
Time-Series Forecasting And The Drift Method
In time-series analysis one can use many many forecasting methods, some share similarities but they can all by classified in groups and sub-groups, the drift method is a...
I made this indicator mostly for personal use but there may be few others who would like to have vertical lines occur every day in specific our on chart.
I am no developer and all I did was copy @allanster's work and delete few lines and duplicate few others. Code will be open for anyone to edit since it was not my code to start with after all. Hopefully this one...
This educational script contains different examples regarding lines , linefill , labels & boxes
First part shows the use of array.new() without first
retrieving line.new() which then are put in a linefill.new()
At every start of the week a linefill.new() is added with the top line being
previous Weekly high , and the bottom line being previous ...
Here's a simple script which i concocted using ideas from various authors with the goal of creating a slightly better Moving Average dashed line script imo...I think i managed to do just that and a bit more.. =)
- Contains one of each VWMA SMA EMA. You can set the input length.
- Ability to set spacing between characters of the plotted moving average...
Here's the classic MACD with some simples features in plus.
1 — Classic MACD histogram, with 4 different colors such as above or below 0, and above or below the previous bar
2 — Display option to disable EMA
3 — A signal line that show the exact point, because the histogram view might be hard to be precise
4 — Looking for...
// Hello tradeurs, ChasinAlts here with a script you've DEFINITELY never seen before. Hope everyone is well. Ok, so heres the low-down...When a wick's
// % size is above the threshold set by the user it is plotted with light blue (these aren't really the significant ones) and are put into an array.
// These large wick lines are great S&R lines but we're...
Action Trend Line is different of Moving Average between ema26 and ema260
My idea is, if ema26 drop to ema260 means downtrend
if ema26 increase or moving out of ema260 means uptrend
then writting a different line by 100 scale to be clear vision
at the bottom have plot sign up and down for each candle, it is status information
The chart show Action Trend Line, by...
An expansion of the Advance Decline Line of the NYSE. It can be interesting to compare the Advance Decline Line with the corresponding benchmark index. I therefore made a ranking (0 to 100) based on the performance over the last days (default: 21 days). The difference is the target figure and ranges between -100 (bearish divergence) to +100 (bullish...