This is an intraday indicator Set timeframe to 5 min Take long entry on the high brakes of selling traps Take short entry on the low brakes of buying traps ignore traps left to red zones Use the nearest trap take profit/loss on a 1:2 risk-to-reward basis. Trap Trading Trap trading is a trading strategy that seeks to profit from false...
DojiCandle body size RSI-SMMA filter MTF Hi. I was inspired by a public script written by @ahmedirshad419, . I thank him for his idea and hard work. His script is the combination of RSI and Engulfing Pattern. //------------------------------------------------------------ I decided to tweak it a bit with Open IA. I have changed: 1) candle pattern to...
Library "DataChart" Library to plot scatterplot or heatmaps for your own set of data samples draw(this) draw contents of the chart object Parameters: this : Chart object Returns: current chart object init(this) Initialize Chart object. Parameters: this : Chart object to be initialized Returns: current chart object addSample(this,...
Determining bond prices from yields on US Treasuries. Cannot be used because it is not a chart of US Treasuries and yields. 米国債の利回りから債券価格を求める。 米国債利回り以外のチャートでは使用できません。 債券価格 = 100 * (1 + 利回り(終値))^(-残年数)
Indicators can be a great way to signal when the optimal time is for taking profits. However, many indicators are lagging in nature and will get market participants out of their trades at less than optimal price points. This take profit indicator uses the concept of slope and exponential gain to calculate when the optimal time is to take profits on your trades,...
Library "VolumeIndicators" This is a library of 'Volume Indicators'. It aims to facilitate the grouping of this category of indicators, and also offer the customized supply of the source, not being restricted to just the closing price. Indicators: 1. Volume Moving Average (VMA): Moving average of volume. Identify trends in trading volume. 2. Money Flow...
This indicator compares the Global (world) Monetary Supply (measured in USD) compared to the Global GDP. This can be useful to measure the "money printing speed" of the world compare to the "world gdp growth", the higher the slope (angle of growth) the more money printing. It includes the exact same countries of the Global M2 indicator (done by me), to make...
Just a simple indicator for refining the standard method of finding Pivot highs & Lows; Allowing user to filter-out weak/flat/rounded Pivot highs/lows -Aim of this is to get pivot highs & pivot lows coded to print more in line with what the eye would naturally be drawn to as an obvious pivot high/low. -This uses local moving average around the pivot high/low...
The Reverse Relative Strength Index was created by Giorgos Siligardos (Stocks & Commodities V. 21:6 (18-30)). It is a handy indicator that reverse engineers the RSI price calculation to show what the price would have to be for the RSI value to match our chosen input. You can select your chosen RSI level using the RSI Level input for this indicator. For example if...
Counts consecutive Lower Highs and Higher Lows; number resets to zero when previous pivot high or low gets swept -To help give an idea of when a retracement / run-on-stops may be overdue. i.e. the higher the counter number grows, the longer we've gone without a proper retracement. //inputs// ~pivot lookback/lookforward: increase this for more significant pivot...
Plots the daily opening gap as a box. As price moves into the box the size of the box is reduced until the gap is closed and the box no longer extends forward. There are options to include middle lines for the center of the gap, as well as quartile lines. While there are plenty of opening gap scripts out there none that I found tracked the closing of the gap over time.
Someone sent me this strategy found on YouTube. It is Soheil PKO's "The Best and Most Profitable Scalping Strategy" Best way to find out is to code it =) This strategy uses Moving Average Ribbon, Laguerre RSI, and ADX. This script only displays the MA ribbon, you will need to add Laguerre RSI and ADX separately. Long Entry Criteria: - 16 EMA > 48 EMA > 200...
The Order Blocks & Breaker Blocks indicator detects order blocks that can be turned into breaker blocks on the chart automatically once mitigated. Users can determine the amount of bullish and bearish order/breaker blocks that display on their chart from within the settings menu. 🔶 SETTINGS Swing Lookback: Lookback period used for the detection of the...
News about the yield curve became pretty crucial for all the trades in the last year. So in the team, we decided to implement a nice widget that will allow you to track the current yield curve in your chart directly. It's possible to compare the current yield curve with past yield curves. You can choose to display the number of curves weeks, months, and years...
Today we have a new Indicator set, which I created using inspiration from the Trend Magic Indicator from KivancOzbilgic and adding several new aspects to it and a slightly modified calculation of the trend indicator itself. You can change the inputs by changing the pre set values in the settings, but I found the current settings quite accurate. Feel free to...
A classic EMA ribbon setup. The script uses eight EMAs, with default lengths ranging from 21 to 55 periods, with an additional EMA with a default length of 200 periods. The lengths of the EMAs can be customized, when customizing, the shortest time frame should be first and the longest time frame last. The ribbons gradient strength is calculated based on the...
My first Published contribution. Gracious thank you to all Pine Coders, this has subtle features that have multiple shifts based on inputs. with some experimentation, one might try pushing other sources at the hue dials and see more dynamic indication. for John Ehlers article TASC Magazine This Month. - Special Edition.
Library "store" Object/Property Storage System Semi-Simplified. . It's a helpful toolset while designing UDT's as it remains flexible, this helps in not having to remap an entire script while tinkering. Set an object up, and add as man properties as yyou wish. a property can be one of any pine built in types. so a single object can contain sa, ohlc each...