RT + TL v12This is a script to populate gamma/vanna/charm levels from option greeks heatmaps in Vexly. Heavy levels indicate levels with highest confluence. TLU and TLL are upper and lower levels. The levels are posted everyday on their discord server.
Range Trader another tool in Vexly, the levels from which can be plotted as well. Just copy the headline from range trader into "RT Range" and the modes into "RT mode"
Example:
RT Mode will take this string as input and plot the levels:
upper_mode
6049.037
mp_mode
6035.407
lower_mode
6021.776
RT Range will take this string as input and plot the levels:
6044.893 - 6017.652
Hope this helps
Pine utilities
QoQ Economic & Financial Indicator ChangesA straightforward indicator for analyzing quarter-over-quarter (QoQ) percentage changes in economic and financial data series. Perfect for visualizing dynamic changes in:
Economic Indicators (GDP, House Price Indices, Employment Figures)
Company Financial Metrics (Revenue, EPS, Operating Margins)
Balance Sheet Items (Assets, Liabilities, Equity)
Cash Flow Statement Components
Other Quarterly Economic & Financial Data
Features:
Automatically calculates QoQ percentage changes
Color-coded visualization (green for positive, red for negative changes)
Displays exact percentage values
Includes adjustable scale factor for different data series
Zero line reference for easy trend identification
Standard Deviation Range with Box (NY Session Timeframe)
---
Standard Deviation Range with Box (NY Session Timeframe)
This TradingView script is designed to help traders visualize a **price range** along with **standard deviations** during the **New York session (GMT-5)**. It provides key insights into market movements and standard deviation levels, all while offering graphical representations for easy analysis.
#### **Key Features**:
*⏰ Customizable Time Range**:
- Define a **start** and **end time** for the price range during the New York session (default: 09:40 to 09:50 GMT-5).
- The script automatically converts the specified time into New York timezone timestamps.
**📦 Price Range Box**:
- Draws a **dynamic box** to capture the **highest** and **lowest** prices during the defined timeframe.
- The box automatically updates as the highest and lowest prices change during the session.
**📏 Standard Deviations**:
- Calculates **standard deviation levels** (e.g., -1.5, 2, 2.5, -2, -1) based on the session's high-low range.
- Plots **horizontal lines** to represent these standard deviations, allowing for quick visual analysis of price volatility.
**🎨 Graphical Customization**:
- Customize the **box color**, **background color**, and **line styles** to match your chart’s aesthetics.
- The standard deviation lines are also customizable in terms of color and style for optimal visual clarity.
**💬 Watermark and Information Overlay**:
- Displays a **quote watermark** on the chart. The default quote is: "Patience is the price of the best opportunities."
- Provides real-time **symbol information** (ticker, timeframe, date) for context while analyzing the chart.
**🔄 Dynamic Updates**:
- Continuously updates the **highest** and **lowest** prices during the selected session.
- The box and deviation lines are automatically redrawn with each new bar during the session.
**Use Case**:
Ideal for traders who want to analyze **price movements** and **volatility** within a specific New York session window. It offers a clear view of the market’s historical range and current volatility, helping traders make data-driven decisions.
#### **How It Works**:
**Set the Time Range** ⏱️: Choose your start and end time for the New York session price range.
**Observe the Box** 📦: View the box showing the high/low price range for the session.
. **Check Standard Deviations** 📉: Monitor how the price relates to various standard deviation levels (plotted as horizontal lines).
**Watch Watermark & Info** 🧑💻: View your selected symbol’s **ticker**, **timeframe**, and **date** on the chart.
Swing Points AlertSwing Points Alert with Adjustable Delay
Description:
This script is designed to detect and alert traders about significant swing highs and lows on the chart. The script is equipped with customizable pivot detection settings and an innovative **Alert Delay** mechanism, allowing users to fine-tune their notifications to reduce noise and focus on key price movements.
Key Features:
1. **Swing High/Low Detection:**
- Identifies swing highs and lows based on user-defined pivot length.
- Visualizes these points with customizable labels for clarity.
2. **Customizable Alerts:**
- Enables real-time alerts for swing highs and lows.
- Users can adjust the delay for alerts to avoid false signals during volatile periods.
3. **Dynamic Label Management:**
- Automatically manages the number of displayed swing point labels.
- Removes crossed or outdated labels based on user preferences.
4. **Flexible Label Styling:**
- Provides multiple label styles (e.g., triangles, circles, arrows) and color customization for both swing highs and lows.
How the Alert Delay Works:
The **Alert Delay** helps filter signals by introducing a delay before triggering alerts. The delay is calculated as follows:
**Alert Delay (%) x Time Frame = Alert Delay in Time Frame Units**
For example:
- If the **Alert Delay** is set to 30% and the timeframe is **15 minutes**, the alert will be triggered after a delay of:
\
This ensures the alert is triggered only if the swing high/low condition remains valid for at least 4.5 minutes.
Important Notes:
1. **Timeframe Sensitivity:**
- This script is optimized for use across various timeframes, but users must adjust the **Alert Delay** percentage to match their trading style and timeframe.
- For example, higher timeframes may require lower delay percentages for timely alerts.
2. **Customization Options:**
- Easily customize pivot detection length, alert delay, label styles, and colors to suit your preferences.
3. **Support:**
- If you encounter any challenges or need help optimizing the script for your specific trading scenario, feel free to reach out for assistance.
EUR/USD vs USD/CHF SpreadA typical Pine Script for spread trading would include:
Fetching Data: Getting the real-time price of EUR/USD and USD/CHF.
Calculating the Synthetic EUR/CHF Price: Since EUR/USD * USD/CHF ≈ EUR/CHF, we use this relation to analyze deviations.
Computing the Spread: Taking the difference between EUR/USD and the synthetic EUR/CHF price.
Z-Score Normalization: Measuring how far the spread deviates from the mean (Mean Reversion).
Overlay and Visuals: Plotting the spread and key levels to visualize trading signals.
TOTAL3/BTC This Pine Script™ code, named "TOTAL3/BTC with Arrow," is designed for cryptocurrency analysis on TradingView.
This script essentially provides a visual tool for traders to gauge when altcoins might be gaining or losing ground relative to Bitcoin through moving average analysis and color-coded trend indication.
Intention was to help the community with a script based on classic TA only.
Use it with SASDv2r indicator.
Feel free to make it better. If you did so, please let me know.
Main elements:
Data Fetching: It retrieves market cap data for all cryptocurrencies excluding Bitcoin and Ethereum (TOTAL3) and for Bitcoin (BTC).
Ratio Calculation: The script calculates the ratio of TOTAL3 to BTC market caps, which indicates how altcoins (excluding ETH) are performing relative to Bitcoin.
Plotting the Ratio: This ratio is plotted on the chart with a blue line, allowing traders to see the relative performance visually.
Moving Averages: Two Simple Moving Averages (SMA) are calculated for this ratio, one for 20 periods (ma20) and another for 50 periods (ma50), though these are not plotted in the current version of the code.
Reference Lines: Horizontal lines are added at ratios of 0.3 and 0.8 to serve as visual equilibrium points or thresholds for analysis.
Complex Moving Average: The script uses constants (len, len2, cc, smoothe) from another script, suggesting it's adapting or simplifying another's logic for multi-timeframe analysis.
Average Calculation: Two SMAs (avg and avg2) are computed using the constants defined, focusing on different lengths for trend analysis.
Direction Determination: It checks if the moving average is trending up or down by comparing the current value with its value smoothe bars earlier.
Color Coding: The color of the plotted moving average changes based on its direction (lime for up, red for down, aqua if no clear direction), aiding in quick visual interpretation of trends.
Plotting: Finally, the script plots this multi-timeframe moving average with a dynamic color to reflect the current market trend of the TOTAL3/BTC ratio, with a thicker line for visibility.
SASDv2rSensitive Altcoin Season Detector V2
This Pine Script™ code, titled "SASDv2r" (Sensitive Altcoin Season Detector version 2 revised), is designed for cryptocurrency trading analysis on the TradingView platform and tailored for those interested in tracking when altcoins might be outperforming Bitcoin, potentially indicating a market shift towards altcoins.
Feel free to use and modify. If you made it better, please let me know. Intention was to help the community with a tool for retail traders have no access to advanced, MV indicators. Solution uses classic TA only.
Use it witl TOTAL3/BTC indicator.
Please check: it gave signal just before last alt season % rose more than 250%.
Market Cap Data Fetching: The script fetches market capitalization data for Bitcoin, Ethereum, and all other altcoins (excluding Bitcoin and Ethereum) using request.security function.
Altcoin to Bitcoin Ratio: It calculates the ratio of total market cap of altcoins to Bitcoin's market cap (altToBtcRatio), which is central to identifying an "altcoin season."
Moving Averages: Several moving averages are computed for different time frames (50-day SMA, 200-day SMA, 20-day SMA, and 10-day EMA) to analyze trends in the altcoin to Bitcoin ratio.
Momentum Indicators: The script uses RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) to gauge momentum and potential reversal points in the market.
Custom Indicators: It includes Volume Weighted Moving Average (VWMA) and a custom momentum indicator (altMomentum and altMomentumAvg) to provide additional insights into market movements.
Volatility Measurement: Bollinger Bands are calculated to assess volatility in the altcoin to Bitcoin ratio, which helps identify periods of high or low market activity.
Visual Analysis: Various plots are added to the chart for visual interpretation, including the altcoin to Bitcoin ratio, different moving averages, and Bollinger Bands.
Alt Season Detection: The script defines conditions for detecting when an "altcoin season" might be starting, based on crossovers of moving averages, RSI levels, MACD signals, and other custom criteria.
Performance Tracking: After signaling an alt season, the script evaluates the performance over the next 30 days by checking if there's been an increase in the altcoin to Bitcoin ratio, adding labels for positive or negative trends.(this one is in progress). Logic still gives false signals and aim is to identify failed signals.
Visual Signals: Labels are placed on the chart to visually indicate the beginning of a potential alt season or the performance outcome after a signal, aiding traders in making informed decisions.
IBOX For the indicator to appear correctly on the DE40's 5-minute char t, set it to overlay mode.
Variables: Variables are declared to store the high and low points of the first trading hour.
Draw box:
The box representing the range of the first trading hour is drawn in gray.
First trading hour range:
The code checks if it is the first trading hour (9-10 am). If so, the high and low points are stored.
Fibonacci calculation: Based on the range of the first trading hour, the Fibonacci levels 1,61, 2, 2,61, 4,61 above and below the box are calculated.
Litecoin LTC Logarithmic Fibonacci Growth CurvesHOW THIS SCRIPT IS ORIGINAL: there is no similar script dedicated to LTC, although there are similar ones dedicated to BTC. (This was created by modifying an old public and open source similar script dedicated to BTC.)
WHAT THIS SCRIPT DOES: draws a channel containing the price of LTC within which the Fibonacci extensions are highlighted. The reference chart to use is LTC/USD on Bitfinex (because it has the oldest data, given that Tradingview has not yet created an LTC index), suggested with weekly or monthly timeframe.
HOW IT DOES IT: starting from two basic curves that average the upper and lower peaks of the price, the relative Fibonacci extensions are then built on the basis of these: 0.9098, 0.8541, 0.7639, 0.618, 0.5, 0.382, 0.2361, 0.1459, 0.0902.
HOW TO USE IT: after activating the script you will notice the presence of two areas of particular interest, the upper area, delimited in red, which follows the upper peaks of the price, and the lower area, delimited in green, which follows the lower peaks of the price. Furthermore, the main curves, namely the two extremes and the median, are also projected into the future to predict an indicative trend. This script is therefore useful for understanding where the price will go in the future and can be useful for understanding when to buy (near the green lines) or when to sell (near the red lines). It is also possible to configure the script by choosing the colors and types of lines, as well as the main parameters to define the upper and lower curve, from which the script deduces all the other lines that are in the middle.
Very easy to read and interpret. I hope this description is sufficient, but it is certainly easier to use it than to describe it.
DCA (ASAP) V0 PTTScript Name: DCA (ASAP) V0 PTT
Detailed Description:
This script implements the Dollar-Cost Averaging (DCA) strategy, allowing you to automatically manage buy/sell orders safely and efficiently. Below are the key features of this script:
1. Purpose and Operation:
o Supports both Long and Short trading modes.
o Designed to optimize profitability using the DCA method, where Safety Orders are triggered when the price moves against the predicted direction.
o Helps users maintain their Target Profit in various market conditions.
2. Main Features:
o Automatic Order Placement: The initial Base Order is opened as soon as no active order exists.
o Safety Order Management: Safety Orders are automatically placed when the price moves against the initial order. The volume and distance of these orders are customizable.
o Order Closing: Orders are closed upon reaching the Target Profit, accounting for transaction fees.
o Detailed Information Display: Displays open orders, trading statistics, and performance metrics directly on the chart.
3. Customizable Parameters:
o Base Order Size: The size of the initial order.
o Target Profit (%): Target profit as a percentage of the total order volume.
o Safety Order Size: The size of each Safety Order.
o Price Deviation (%): The percentage distance between consecutive Safety Orders.
o Safety Order Volume Scale: The scaling factor for increasing the volume of subsequent Safety Orders.
o Max Safety Orders: The maximum number of Safety Orders allowed per deal.
4. Unique Features:
o Backtest Range Support: Enables you to limit backtesting to a specific time range of interest.
o Comprehensive Statistics: Displays detailed tables including open trades, pending orders, ROI, trading days, and realized profit.
o Integrated Trading Fees: Includes transaction fees in profit calculations for precise results.
5. Usage Instructions:
o Select the trading mode (Long or Short) from the "Strategy" input.
o Customize parameters such as Base Order, Safety Order, and Target Profit according to your requirements and the asset being traded.
o Monitor the performance of the strategy through the displayed information tables.
Notes:
• This script does not disclose detailed calculation logic but provides an overview of the concepts and usage.
• Designed for trading on exchanges that support margin or spot trading.
CAD CHF JPY (Index) vs USDDescription:
Analyze the combined performance of CAD, CHF, and JPY against the USD with this customized Forex currency index. This tool enables traders to gain a broader perspective of how these three currencies behave relative to the US Dollar by aggregating their movements into a single index. It’s a versatile tool designed for traders seeking actionable insights and trend identification.
Core Features:
Flexible Display Options:
Choose between Line Mode for a simplified view of the index trend or Candlestick Mode for detailed analysis of price action.
Custom Weight Adjustments:
Fine-tune the weight of each currency pair (USD/CAD, USD/CHF, USD/JPY) to better reflect your trading priorities or market expectations.
Moving Average Integration:
Add a moving average to smooth the data and identify trends more effectively. Choose your preferred type: SMA, EMA, WMA, or VWMA, and configure the number of periods to suit your strategy.
Streamlined Calculation:
The index aggregates data from USD/CAD, USD/CHF, and USD/JPY using a weighted average of their OHLC (Open, High, Low, Close) values, ensuring accuracy and adaptability to different market conditions.
Practical Applications:
Trend Identification:
Use the Line Mode with a moving average to confirm whether CAD, CHF, and JPY collectively show strength or weakness against the USD. A rising trendline signals currency strength, while a declining line suggests USD dominance.
Weight-Based Analysis:
If CAD is expected to lead, adjust its weight higher relative to CHF and JPY to emphasize its influence in the index. This customization makes the indicator adaptable to your market outlook.
Actionable Insights:
Identify key reversal points or breakout opportunities by analyzing the interaction of the index with its moving average. Combined with other technical tools, this indicator becomes a robust addition to any trader’s toolkit.
Additional Notes:
This indicator is a valuable resource for comparing the collective behavior of CAD, CHF, and JPY against the USD. Pair it with additional oscillators or divergence tools for a comprehensive market overview.
Perfect for both intraday analysis and swing trading strategies. Combine it with EUR GPB AUD (Index) indicator.
Good Profits!
Repeating Vertical LinesThe "Repeating Vertical Lines" indicator visualizes recurring points in time on the chart by drawing background highlights based on user-defined conditions, including specific weekdays, times, or their combination. Users can customize the color and transparency of the lines for seamless chart integration.
[Helper] Trade Journal TableThis indicator serves as a starting point for creating a customized trade journal that meets individual requirements. It provides a basic structure for visualizing trade data in table form which can be adapt to specific needs. The trade data must be maintained directly within the script using the Pine Editor.
Basic Structure:
The example table consists of six columns: Date, Entry Price, Exit Price, Profit/Loss (color-coded), Strategy, and Notes. It is displayed centrally on the chart and dynamically adjusts to the number of recorded trades.
Example Data:
To demonstrate its functionality, the indicator includes predefined example trades, which should be replaced with actual trading data. Additional information, such as strategies and notes, can be added to improve trade documentation.
Price Level Break & Candle Pattern DetectorPrice Level Break & Candle Pattern Detector
A powerful and customizable indicator that combines price level breakout detection with candlestick pattern analysis to generate precise trading signals.
Key Features
Monitors user-defined price levels for breakouts
Identifies bullish and bearish candle patterns
Generates real-time alerts when both conditions are met
Customizable alert settings for improved trade management
How It Works
The indicator continuously monitors price action around specified price levels. When price breaks through these levels AND forms either a bullish or bearish candle pattern (based on your settings), it triggers an alert. This dual-confirmation approach helps reduce false signals and provides more reliable trading opportunities.
Use Cases
Support/Resistance breakout trading
Key price level monitoring
Trend reversal identification
Breakout confirmation
Risk management tool
Benefits
Reduces false breakout signals through pattern confirmation
Saves time by automating price level monitoring
Helps identify higher-probability trading setups
Customizable to fit various trading strategies
Perfect for both day trading and swing trading
Alert Types
Price level break alerts
Candlestick pattern formation alerts
Combined confirmation alerts
Suggested Settings
Set price levels at major support/resistance zones
Adjust candle pattern sensitivity based on timeframe
Use with multiple timeframes for confirmation
Combine with volume analysis for better accuracy
Lost Bar Locator v1 [Yaphott]Lost Bar Locator v1 helps you locate missing data on your chart.
It does this by looking for consecutive bars that have a delta time greater than the current interval.
Two lines are drawn for each group of one or more missing bars:
Bar before the missing bar(s).
Bar after the missing bar(s).
Chart InfoOVERVIEW
What would a general summary of the symbol on the chart look like? Here’s an example: This script was created to help you easily access the essential details of a symbol, which I believe are critical for daily use.
CONCEPTS
When using any indicator or analysing price movement, the characteristics of the chart become important. Each symbol has a unique character and the more we can quickly find out about it, the better. Instead of embedding those details within each individual indicator, it is often more practical to access these data through an external tool. This indicator presents the following results related to the symbol on your chart in a table format:
ID : Ticker ID (Exchange, Base Currency, and Quote Currency)
TIMEFRAME : The chart's time period
START : The starting date of the chart
FINISH : The finishing date of the chart
INTERVAL : The total time between the start and finish dates (based on timeframe). The current bar is not included in the total time until it is closed.
BAR INDEX : The total number of bars on the chart (can also be viewed in both forward and backward directions in the data window as a series type).
VOLATILITY : Percentage ratio of 14-bar ATR to close.
CHANGE : The daily percentage change.
HODL : The percentage return that would be gained if the symbol had been bought and held since the first bar.
DAILY BUY : The percentage return that would be gained if the same amount of buying was made daily (a kind of DCA).
MECHANICS
This is a very simple script. I didn't add user-defined timestamp inputs because I didn’t want to overwhelm the indicator with parameters. However, if requested, i can make improvements in this direction in a second version.
NOTES
I live in Istanbul, so I designed the default timezone offset as GMT+3. Please remember to adjust it according to your own timezone to ensure the date results are accurate.
I hope it helps everyone. Do not forget to manage your risk. And trade as safely as possible. Best of luck!
[Helper] Color Table for Manual SelectionThis indicator displays the colors of the color picker from the indicator configuration menu on a large scale. It also shows the RGB values in decimal and as a hexadecimal code for each color. This color table provides a better overview of different colors compared to the color picker built into the Pine Editor, making it a useful alternative. Since cell contents cannot yet be selected with the mouse, the desired color code must be manually transferred to the Pine code.
TTZConcept GOLD XAUUSD Lot CalculatorThe Gold Lot Size Calculator for XAU/USD on TradingView is a powerful and user-friendly tool designed by TTZ Concept to help traders calculate the optimal lot size for their Gold trades based on their account size, risk tolerance, and the price movement of Gold (XAU/USD). Whether you're a beginner or an experienced trader, this tool simplifies position sizing, ensuring that your trades align with your risk management strategy.
Key Features:
Accurate Lot Size Calculation: Calculates the optimal lot size for XAU/USD trades based on your specified account balance and the percentage of risk per trade.
Flexible Risk Management**: Input your desired risk percentage (e.g., 1%, 2%) to ensure that you are not risking more than you're comfortable with on any single trade.
Customizable Inputs: Enter your account balance, risk percentage, stop loss (in pips), and leverage to get an accurate lot size recommendation.
Real-Time Data The tool uses real-time Gold price data to calculate the position size, ensuring that your risk management is always up to date with market conditions.
-Simple Interface: With easy-to-use sliders and input fields, you can quickly adjust your parameters and get the required lot size in seconds.
No Complicated Calculations Automatically factors in the pip value and contract specifications for XAU/USD, eliminating the need for manual calculations.
How It Works:
1. Input your trading account balance: The tool calculates based on your total equity.
2. Set your risk percentage: Choose how much of your account you want to risk on a single trade.
3. Define your stop loss in pips: Specify the distance of your stop loss from the entry point.
4. Get your recommended lot size: Based on your inputs, the tool will calculate the ideal lot size for your trade.
Why Use This Tool?
Precise Risk Management: Take control of your trading risk by ensuring that each trade is positioned according to your risk tolerance.
Save Time: No need for manual calculations — let the calculator handle the complex math and focus on your strategy.
Adapt to Changing Market Conditions: As the price of Gold (XAU/USD) fluctuates, your lot size adapts to ensure consistent risk management across different market conditions.
Perfect for:
- Gold traders (XAU/USD)
- Beginners seeking to understand position sizing and risk management
- Experienced traders looking to streamline their trading process
- Anyone who trades Gold futures, CFDs, or spot Gold in their trading account
Session Bar/Candle ColoringChange the color of candles within a user-defined trading session. Borders and wicks can be changed as well, not just the body color.
PREFACE
This script can be used an educational resource for those who are interested in learning Pine Script. Therefore, the script is published open source and is organized in a manner that follows the recommended Style Guide .
While the main premise of the indicator is rather simple, the script showcases various things that can be achieved such as conditional plotting, alignment of indicator settings, user input validation, script optimization, and more. The script also has examples of taking into consideration the chart timeframe and/or different chart types (Heikin Ashi, Renko, etc.) that a user might be running it on. Note: for complete beginners, I strongly suggest going through the Pine Script User Manual (possibly more than once).
FEATURES
Besides being able to select a specific time window, the indicator also provides additional color settings for changing the background color or changing the colors of neutral/indecisive candles, as shown in the image below.
This allows for a higher level of customization beyond the TradingView chart settings or other similar scripts that are currently available.
HOW TO USE
First, define the intraday trading session that will contain the candles to modify. The session can be limited to specific days of the week.
Next, select the parts of the candles that should be modified: Body, Borders, Wick, and/or Background.
For each of the candle parts that were enabled, you can select the colors that will be used depending on whether a candle is bullish (⇧), bearish (⇩), or neutral (⇆).
All other indicator settings will have a detailed tooltip to describe its usage and/or effect.
LIMITATIONS
The indicator is not intended to function on Daily or higher timeframes due to the intraday nature of session time windows.
The indicator cannot always automatically detect the chart type being used, therefore the user is requested to manually input the chart type via the " Chart Style " setting.
Depending on the available historical data and the selected choice for the " Portion of bar in session " setting, the indicator may not be able to update very old candles on the chart.
EXAMPLE USAGE
This section will show examples of different scenarios that the indicator can be used for.
Emphasizing a main trading session.
Defining a "Pre/post market hours background" like is available for some symbols (e.g., NASDAQ:AAPL ).
Highlighting in which bar the midnight candle occurs.
Hiding indecision bars (neutral candles).
Showing only "Regular Trading Hours" for a chart that does not have the option to toggle ETH/RTH. To achieve this, the actual chart data is hidden, and only the indicator is visible; alternatively, a 2nd instance of the indicator could change colors to match the chart background.
Using a combination of Bars and Japanese Candlesticks. Alternatively, this could be done by hiding the main chart data and using 2 instances of the indicator (one with " Chart Style " setting as Bars , and the other set to Candles ).
Using a combination of thin and thick bars on Range charts. Note: requires disabling the "Thin Bars" setting for Bar charts in the TradingView chart settings.
NOTES
If using more than one instance of this indicator on the same chart, you can use the TradingView "Save Indicator Template" feature to avoid having to re-configure the multiple indicators at a later time.
This indicator is intended to work "out-of-the-box" thanks to the behind_chart option introduced to Pine Script in October 2024. But you can always manually bring the indicator to the front just in case the color changes are not being seen (using the "More" option in the indicator status line: More > Visual Order > Bring to front ).
Many thanks to fikira for their help and inspiring me to create open source scripts.
Any feedback including bug reports or suggestions for improving the indicator (or source code itself) are always welcome in the comments section.
6 Band Parametric EQThis indicator implements a complete parametric equalizer on any data source using high-pass and low-pass filters, high and low shelving filters, and six fully configurable bell filters. Each filter stage features standard audio DSP controls including frequency, Q factor, and gain where applicable. While parametric EQ is typically used for audio processing, this implementation raises questions about the nature of filtering in technical analysis. Why stop at simple moving averages when you can shape your signal's frequency response with surgical precision? The answer may reveal more about our assumptions than our indicators.
Filter Types and Parameters
High-Pass Filter:
A high-pass filter attenuates frequency components below its cutoff frequency while passing higher frequencies. The Q parameter controls resonance at the cutoff point, with higher values creating more pronounced peaks.
Low-Pass Filter:
The low-pass filter does the opposite - it attenuates frequencies above the cutoff while passing lower frequencies. Like the high-pass, its Q parameter affects the resonance at the cutoff frequency.
High/Low Shelf Filters:
Shelf filters boost or cut all frequencies above (high shelf) or below (low shelf) the target frequency. The slope parameter determines the steepness of the transition around the target frequency , with a value of 1.0 creating a gentle slope and lower values making the transition more abrupt. The gain parameter sets the amount of boost or cut in decibels.
Bell Filters:
Bell (or peaking) filters create a boost or cut centered around a specific frequency. A bell filter's frequency parameter determines the center point of the effect, while Q controls the width of the affected frequency range - higher Q values create a narrower bandwidth. The gain parameter defines the amount of boost or cut in decibels.
All filters run in series, processing the signal in this order: high-pass → low shelf → bell filters → high shelf → low-pass. Each stage can be independently enabled or bypassed.
The frequency parameter for all filters represents the period length of the targeted frequency component. Lower values target higher frequencies and vice versa. All gain values are in decibels, where positive values boost and negative values cut.
The 6-Band Parametric EQ combines these filters into a comprehensive frequency shaping tool. Just as audio engineers use parametric EQs to sculpt sound, this indicator lets you shape market data's frequency components with surgical precision. But beyond its technical implementation, this indicator serves as a thought experiment about the nature of filtering in technical analysis. While traditional indicators often rely on simple moving averages or single-frequency filters, the parametric EQ takes this concept to its logical extreme - offering complete control over the frequency domain of price action. Whether this level of filtering precision is useful for analysis is perhaps less important than what it reveals about our assumptions regarding market data and its frequency components.
Fibonacci Retracement MTF/LOGIn Pine Script, there’s always a shorter way to achieve a result. As far as I can see, there isn’t an indicator among the community scripts that can produce Fibonacci Retracement levels (linear and logarithmic) as multiple time frame results based on a reference 🍺 This script, which I developed a long time ago, might serve as a starting point to fill this gap.
OVERVIEW
This indicator is a short and simple script designed to display Fibonacci Retracement levels on the chart according to user preferences, aiming to build the structure of support and resistance.
ORIGINALITY
This script:
Can calculate 'retracement' results from higher time frames.
Can recall previous time frame results using its reference parameter.
Performs calculations based on both linear and logarithmic scales.
Offers optional multipliers and appearance settings to simplify users’ tasks
CONCEPTS
Fibonacci Retracement is a technical analysis tool used to predict potential reversal points in an asset's price after a significant movement. This indicator identifies possible support and resistance levels by measuring price movements between specific points in a trend, using certain ratios derived from the Fibonacci sequence. It is based on impulsive price actions.
MECHANICS
This indicator first identifies the highest and lowest prices in the time frame specified by the user. Next, it determines the priority order of the bars where these prices occurred. Finally, it defines the trend direction. Once the trend direction is determined, the "Retracement" levels are constructed.
FUNCTIONS
The script contains two functions:
f_ret(): Generates levels based on the multiplier parameter.
f_print(): Handles the visualization by drawing the levels on the chart and positioning the labels in alignment with the levels. It utilizes parameters such as ordinate, confirmation, multiplier, and color for customization
NOTES
The starting bar for the time frame entered by the user must exist on the chart. Otherwise, the trend direction cannot be determined correctly, and the levels may be drawn inaccurately. This is also mentioned in the tooltip of the TimeFrame parameter.
I hope it helps everyone. Do not forget to manage your risk. And trade as safely as possible. Best of luck!
Outside Bar Strategy % (Alessio)Outside Bar Strategy %
This strategy is based on identifying Outside Bars, which occur when the current bar's high is higher than the previous bar's high and its low is lower than the previous bar's low. The strategy enters trades in the direction of the Outside Bar, offering a powerful way to capture price moves following a strong price expansion.
Key Features:
Long and Short Entries: The strategy enters a Long trade when the Outside Bar closes bullish (current close > open), and a Short trade when the Outside Bar closes bearish (current close < open).
Customizable Entry Levels: The entry point is calculated based on a customizable percentage of the Outside Bar's range, allowing flexibility for traders to fine-tune their entries at 50% or 70% of the bar's range.
Stop Loss (SL) and Take Profit (TP):
Stop Loss (SL) is automatically placed at the Outside Bar's low for Long trades and at its high for Short trades.
Take Profit (TP) is calculated as a percentage of the Outside Bar's range, with customizable settings for take-profit levels.
Visual Indicators:
Entry, Stop Loss, and Take Profit levels are plotted as lines on the chart, with customizable colors and widths for easy identification.
Labels are placed on the chart to indicate whether the trade is Long or Short, positioned above or below the Outside Bar's candlestick.
Alerts: Users can enable alerts to receive notifications when a trade is triggered, including details such as entry points and stop loss levels.
Strategy Parameters:
Entry Percentage: Set the entry level as a percentage of the Outside Bar's range (e.g., 50%, 70%).
Take Profit Percentage: Customize the Take Profit level as a percentage of the Outside Bar's range.
Customizable Colors and Line Widths: Adjust the colors and thickness of the entry, stop loss, and take profit lines to fit your preferences.
Alerts: Enable alerts to be notified when a trade is executed or when the entry level is reached.
This strategy is ideal for traders who want to capitalize on significant price moves after a breakout, with clear risk management through Stop Loss and Take Profit levels. The customizable features make it suitable for various market conditions and trading styles.
TDGS Dynamic Grid Trading Strategy [CoinFxPro]Advanced Dynamic Grid Trading Strategy
Logic and Working Principle:
This strategy uses a dynamic grid system to support both long and short trades. Grid trading aims to capitalize on price fluctuations within a predefined range by executing buy and sell orders systematically. The system calculates grid levels based on a base price and dynamically trades within these levels.
Grid Levels:
Grid levels are calculated based on the initial price and the user-defined grid spacing percentage.
Long Mode: Buys when the price decreases and sells when the price increases.
Short Mode: Sells when the price increases and buys when the price decreases.
Grid Updates:
Grid levels are recalculated based on the market price when the price moves by a user-defined update percentage.
For example;
In Long mode, when the price shows an upward trend, that is, when it rises by the Grid Update Percentage specified by the user, Grid levels are recreated and trades are made according to the new grid levels. While the price and grid levels are updated according to the new price, the Stop level is also updated upwards and the stop is followed with the TrailingStop logic.
In short mode, the same system operates with reverse logic. In other words, as prices decrease downwards, the grids are updated downwards when the Grid update percentage determined by the user decreases. The stop level is also updated accordingly.
The difference of the strategy from other Gridbots is that the grid levels are automatically updated and the levels are recreated with the price percentage difference determined by the user. Old levels can be tracked on the chart.
As the price updates, the self-updating grid levels are updated upwards in long mode and downwards in short mode.
The number of buying lots and selling lots are separated, allowing both trading within the position and the opportunity to collect lots and increase the position.
When trading with the grid trading logic, when buying and selling between grids, there is no repeated purchase at the same level unless there is a sale at the upper grid level. In this way, each level will be traded within itself.
For example, in a long condition, when the price is going up, after deducting the selling lot from the buying lot at each level, the remaining lots will be collected while the price is going up and an opportunity will be provided from the price rise.
Different preferences have been added to the profit taking conditions, allowing the robot to continue or stop after profit taking, if desired.
The system, which acts entirely according to user parameters, constantly updates itself as long as it moves in the direction determined by itself, and in these conditions, transactions are carried out according to profit or stop conditions.
Parameters:
Grid Parameters:
Settings such as buy lot size, sell lot size, grid count, and grid spacing percentage allow flexibility and customization.
Risk Management:
Stop loss (%) and take profit (%) levels help limit potential losses and secure profits at predefined thresholds.
Objective:
The goal of this strategy is to systematically capitalize on market price fluctuations through automated grid trading. This method is particularly effective in volatile markets where the price oscillates within a specific range.
The strategy works with a complete algorithm logic, and in appropriate instruments (especially instruments with depth and transaction volume should be preferred), buying and selling transactions are made according to the parameters determined at the beginning, and if the conditions go beyond the conditions, the stop is made, and when the profit taking conditions are met, it takes profit and prices according to the determined value. When it is updated, the values are updated again and the parameter works algorithmically.
Risk Management Recommendations:
Initial Capital: Grid trading involves frequent transactions, so sufficient initial capital is essential.
Stop Loss: Always set stop loss levels to prevent significant losses.
Grid Count and Spacing: A higher number of grids provides more trading opportunities but using grids that are too close may increase transaction costs due to small price movements.
First of all, it is important for risk management that you choose instruments that have depth and high transaction volume.
Strategy results may differ as a result of the parameters entered. Therefore, before trading in your real account, it is recommended that you start real transactions after backtesting with different parameters.
If you are stuck on something, you can mention it in the comments.
Solid Background for Current CandleWhat Does This Script Do?
Background Reflects Current Candle:
The entire chart background changes to green if the current candle is bullish (close > open).
It changes to red if the current candle is bearish (close < open).
Solid Background Without Per-Candle Behavior:
The background doesn't depend on individual candle colors. It applies one unified color for the entire chart based on the current candle's direction.
Uses a Box to Cover the Chart:
Instead of using bgcolor (which applies per candle), this script creates a large invisible rectangle (box) that spans the entire chart area.
The box dynamically updates its color with each new candle.
