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VWAP Boulevard [vnhilton](OVERVIEW) The idea of this indicator comes from traders identifying supply to mainly look for shorts. Scenarios would be gap ups or pump & dumps where huge volume is transacted, & bag-holders are present. Some traders would draw resistance lines, I myself used to draw supply zones using the volume profile on that day, & others used the day VWAP on those days. VWAP Boulevard (I believe the name comes from the trader named team3dstocks) draws day VWAP lines from the highest volume days for a given period (excluding the current day). (FEATURES) - Draws horizontal & vertical lines from up to 250 highest volume days out of up to 3568 days, with the ability to hide either of these lines, their thicknesses, styles - Extend/cut horizontal lines, or extend them all the way to the right - Show the day VWAP, volume & age for these days in labels, with the ability to show what information you want to see only - Separate customizable color forms for the lines & labels - ordinary (1 color); volume (2 color gradient from lowest to highest volume of the highest volume days); age (2 color gradient from youngest to oldest volume of the highest volume days) - Edit offset & size of labels, & hide them - Hide vertical lines From left to right: Age color; ordinary color; volume color 250 highest volume days in the past year. Very messy so it's very likely you won't be using this but the ability to draw lines from 250 highest volume days is there if needed (DRAWDOWNS) - This indicator will only on the daily timeframe (error message will show up if unaware of this, & can be toggled off). Unfortunately, this would mean you would have to draw the lines manually yourself if you wish to use them on intraday timeframes. - You may also encounter the 'Pine cannot determine the referencing length of a series. Try using max_bars_back' error. This occurs when the lookback period is very high & the indicator attempts to recalculate I believe. If this happens then reload the indicator. The logic I used to obtain the highest volume days were to put all of the volume days in a given period in 1 array, then to sort them from highest to lowest, & also store their sorted indices in an separate array as well, so that drawings for each volume day could be done from the 2 arrays. //Volume for last N periods var int pastVol = array.new_int(lookbackPeriodFixed) for i = 0 to lookbackPeriodFixed - 1 array.set(pastVol, i, int(volume )) sortedIndices = array.sort_indices(pastVol, order.descending) //All Indices of sorted volume from highest to lowest sortedIndices2 = array.slice(sortedIndices, 0, highestVolDays) //Indices of sorted volume from highest to lowest array.sort(pastVol, order.descending) //All Volume sorted from highest to lowest pastVol2 = array.slice(pastVol, 0, highestVolDays) //Volume sorted from highest to lowest //Drawings for i = 0 to highestVolDays - 1 index := array.get(sortedIndices, i) vol := array.get(pastVol, i) Since these array sizes were determined from the lookback period, it would mean that the request.security() function used to obtain daily values on intraday timeframes wouldn't work for a lookback period >20 (20 * 2 values I believe, which are the day VWAP & the day volume) as TradingView has put a maximum amount of calls of 40 in 1 script. Therefore, for intraday plots to work I would have to change the logic for getting the day VWAP & day volume for the highest days, as the request.security() function doesn't work on for loops, & this would also mean that the user would only be able to draw lines from up to 20 highest volume days instead of 250. I couldn't go forward with this as I wasn't able to find the logic to pick the highest volume days & their day VWAPs & times (indexes) without using a for loop. If anyone has any solutions (including for the 'Pine cannot determine the referencing length of a series. Try using max_bars_back' error) then please let me know. I've also left commented-out code for dealing with intraday drawings for future use.
Indicador Pine Script®
por vnhilton
12
Laguerre Stochastic | AdulariDescription: The Laguerre Stochastic is similar to a 4-period regular Stochastic, except that a Laguerre transform has been applied for price smoothing. The Laguerre transform is a mathematical technique that allows smooth indicators to be built using small amounts of data. How do I use it? Never use this indicator as standalone trading signal, it should be used as confluence. When the value is above the middle line this shows the bullish trend is strong. When the value is below the middle line this shows the bearish trend is strong. When the value crosses above the upper line this indicates the trend may reverse downwards. When the value crosses below the lower line this indicates the trend may reverse upwards. When the value crosses above the signal this indicates the current bearish trend is getting weak and may reverse upwards. When the value crosses below the signal this indicates the current bullish trend is getting weak and may reverse downwards. Features: Oscillator value indicating the difference between highs and lows fractioned by the close price. %D value acting as a smoothed version of the %K. Horizontal lines such as oversold, overbought and middle lines, indicating possible interest zones. How does it work? 1 — Calculate regular Stochastic value. 2 — Apply the Laguerre transform. 3 — Calculate %D value by applying smoothing to the %K value.
Indicador Pine Script®
por Adulari
HL-D Close Fraction Oscillator | AdulariDescription: This indicator calculates the difference between price high's and low's, and fractions it by the close price. If it calculates the difference between a high and low or low and high is defined by whether the current close is higher than the previous close. It is then also rescaled to ensure the value is always appropriate compared to the last set amount of bars. This indicator can be used to determine whether a market is trending or ranging, and if so in which direction it is trending. How do I use it? Never use this indicator as standalone trading signal, it should be used as confluence. When the value is above the middle line this shows the bullish trend is strong. When the value is below the middle line this shows the bearish trend is strong. When the value crosses above the upper line this indicates the trend may reverse downwards. When the value crosses below the lower line this indicates the trend may reverse upwards. When the value crosses above the signal this indicates the current bearish trend is getting weak and may reverse upwards. When the value crosses below the signal this indicates the current bullish trend is getting weak and may reverse downwards. Features: Oscillator value indicating the difference between highs and lows fractioned by the close price. Signal indicating a clear trend and base line value. Horizontal lines such as oversold, overbought and middle lines, indicating possible interest zones. How does it work? 1 — Define trend by checking if current close is above or below previous close. 2 — If the current close is above the previous close, calculate the oscillator's value using this formula: (high - low) / close 2 — If the current close is below the previous close, calculate the oscillator's value using this formula: (low - high) / close 3 — Smooth the original value using a specified moving average. 4 — Rescale the value using this formula: newMin + (newMax - newMin) * (value - oldMin) / math.max(oldMax - oldMin, 10e-10) 5 — Calculate signal value by applying smoothing to the oscillator's value.
Indicador Pine Script®
por Adulari
OHLC ToolOHLC Tool allows you to display Current or Historical OHLC Values as horizontal lines that extend to the right on your chart. Features Variable Lookback to display a specific historical bar's values. Default = 1 (Previous Candle) Customizable Timeframe to view HTF Candle values. Custom Line Colors, Styles, and Thicknesses. Price Scale Value Display Capability. For displaying the line values and labels on the price scale you will need to enable: "Indicator and financials name labels" and "Indicator and financials value labels" These options are found in the Price Scale Menu under Labels. Price Scale Menu > Labels When you do this you will notice your other indicator values will also be on the price scale, if you wish to disable these, go to the indicator settings under the "Style" Tab, Uncheck the "Labels on price scale" box. Indicator Settings > Style > "Labels on price scale" Enjoy!
Indicador Pine Script®
por SamRecio
10
Fibonacci + Support/Resistant + Trendline (Price action)This is opening source code version: Fibonacci + Support/Resistant + Trendline (One of Advanced Price action Analysis). How it works: It find entry Long/Short by combining: Fibonacci + Support/Resistant + Trendline 1. Find Impulse wave: To findind Impulse wave, It uses Pivot High/Low to find Impulse wave. In case find entry Long, If having Pivot High higher Pivot High before, it will draw an Impulse wave. 2. Find entry at Fibonacci levels: Draw Fibonacci fibonacci retracement from Pivot Low to Pivot High. A Fibonacci retracement forecast is created by taking two extreme points on a chart and dividing the vertical distance by important Fibonacci ratios. 0% is considered to be the start of the retracement, while 100% is a complete reversal to the original price before the move. Horizontal lines are drawn in the chart for these price levels to provide support and resistance levels. Common levels are 23.6%, 38.2%, 50%, and 61.8% 3. Find entry at Support/Resistant Zone: Support/Resistant Zone drawed from Pivot High before, which price just breaken and return to retest. 4. Find entry at Trendline: Trendline drawed from Pivot High/Low before, which price just breaken and return to retest. How do use it: + You can customize the thickness of the lines. + You can set up an alert when the price touchs important areas.
Indicador Pine Script®
por TrendCrypto2022
14
Cavuca Technical AnalysisScript created by Cavuca-Trader for technical analysis of various assets. It is based on analysis of moving averages and also on Elliot wave movements, signaling entries and exits through its own coloration. Mode of Viewing the indicator: Moving averages are used to assist in the movement of the asset's trend by observing its slope. The indicator recognizes market movements and detects the tops and bottoms of the movement by creating horizontal lines. When candles break these lines they gain color according to the trend of the movement. Notes in the author's language: Script criado por Cavuca-Trader para análise técnica de diversos ativos . Basea-se em análise de médias móveis e também em movimentos das Ondas de Elliot , sinalizando entradas e saídas através de coloração própria. Modo de Visualizar o indicador: As médias móveis servem para auxiliar na movimentação de tendência do ativo observando a sua inclinação. O indicador reconhece os movimentos do mercado e detecta os topos e fundos do movimento criando linhas horizontais. Quando os candles rompem essas linhas ganham a coloração de acordo com a tendência do movimento.
Indicador Pine Script®
por Cavuca-Trader
2
Indicators & Conditions Test Framework [DTU]Hello All, This script is a framework to build strategies by combining indicators and conditions (long, short, exits). You are able to analyze your strategies in realtime by changing the input parameters related to indicators, conditions and their combinations. OVERVIEW With this Study/Strategy framework, you will be able to create strategy conditions, display them on the chart, and test them using existing indicators as well as external and custom indicators that you can add. The main purpose of the Framework is to choose your indicators to be used in the conditions and test your strategy by producing your "Long, short, Exit long, Exit short" combinations. Although may be, it can be a bit difficult and complicated at first start, but you can understand the logic on its use in a very short time. Notes: I removed external links off descriptive images and video to be comply with Trading view violation House Rules Since I am new in the community and still trying to understand the pine script language I can make errors and violations on my script. Please Inform me on any issue that I made.. HOW TO   STEP 1: SETTINGS ______________________________________________________________________________________________________    SOURCE, TIMEFRAME, SECURITY   Select the Source, timeframe and Secure type that your indicators will use.   Here, the Secure entry consists of 3 parts and the f_security function is used to determine it.     a)Secure      This option is defined as reducing repaint in tradingview calculations as much as possible. The following function is used.     request.security(_symbol, _res, _src , lookahead=barmerge.lookahead_on)     b)Semi Secure      While this option can reduce repaint in tradingview calculations as much as possible, it is less secure. The following function is used.     request.security(_symbol, _res, _src )     c)Repaint      This option turns on the repaint feature. The following function is used.     request.security(_symbol, _res, _src ) : na     Ind Source:     You can the source that indicators will use their own calculations     Ext Source:     You can import external Indicator sources from here . It appears on condition/combination area as "EXT".     To export the External indicator plot it with a title. It will be visible in source dropdown input    PERIOD , ALERTS...     Period:     Determine your strategy testing period by selecting start and end date/time     (!!! According to your tradingview subscription, it takes the last 5000, 10000.. bars.     The extra bar option may cause problems such as not appearing in the calculations or errors).     Plot Alerts:     Plot condition result as alerts arrows on the chart's bottom for "LONG" and the top for "SHORT" entries, exits     Close on opposite:     When selected, a long entry gets closed when a short entry opens and vice versa     Show Profit:     It appears if script is in strategy mode (not in study) this can display current or open profit for better reanalyzing your strategy entry exit points. (Currently under development)    PLOT TYPE OPERATIONS   This option has 4 entries     a) Mult     Sets the multiplier for the selected Plot Type (stochastic, Percentrank, Org Range (-1,1) ) except for "Original" in the range (-1,1).     EXAMPLE: When 1000 is selected, the indicator in the range of (-1,1) will appear in the range of (-1000, 1000) on the screen.     b) Shift     It determines the shift that will appear on the screen for the selected Plot Type (stochastic, Percentrank,Org Range (-1,1) ) in the range (-1,1) other than "Original".     EXAMPLE: When Shift:35000 and mult:1000 are selected, the indicator will appear in the range (34000, 36000) on the screen.     c) Smooth     This option (only for Stochastic & PercentRank) allows to smooth the indicator to be displayed.     Here, tradinview ta.swma function is used.     b) hline     Adjusts the horizontal lines to appear on the screen according to the mult factor for the range (-1,1)     The lines represent the values ​​(-1, -05, 0, 05, 1)   STEP 2: INDICATORS ______________________________________________________________________________________________________  You need to choose indicators that you can use in strategy conditions.  Here, the indicators come from the dturkuler/lib_Indicators_DT open script library defined in the code  In addition, you can add the indicators that you will create in the area defined in the code to this list..  You can also import external indicators and test them with other variables on the system..  You can choose a maximum of 5 indicators that you can use in total. (can be increased in new versions)  Indicators are categorized in 3 main sections    Indicator Selection:    You can select your indicators from this area     a)Moving Averages     These are indicators such as EMA, SMA that you can show on the stock. They come from the library.     These indicators are fed from Settings/source. Only the length value can be used as a parameter.     In addition, line colors can be changed..     As of now, there are 28 indicators in the library in total and 5 indicators are left as future use for this field for now.     b)Other Indicators     These are different indicators from the stock value such as RSI, COG. They come from the library. These indicators are fed from Settings/source.     Only the length value can be used as a parameter. In addition, line colors can be changed.     As of now, there are 24 indicators in the library in total and 5 indicators are left as a future use for this field for now.     c)Custom Indicators     These indicators are the ones you can create by programming yourself in the source code..     The area at the bottom of the settings screen is reserved for the parameters of this type of indicators.    Indicator Length:    You can update your selected indicator length value from here. (Not: it doesn't work for custom indicators since they have their parameter on cust. Ind. input screen )    Indicator Plot Type:    Next to the indicators, there is an input selection field about how they will be displayed on the screen.     a)Original     The indicator is displayed on the screen with its current values. It is an ideal solution for displaying moving average indicators such as (EMA, SMA) over current stock.     Since the values ​​of indicators such as (RSI, COB) are low (-100,100 : -1.1), they appear at the bottom of the screen and make analysis difficult.     For this reason, other options may be more suitable for these.     b)Stochastic     The indicator is displayed on the screen with stochastic calculation in the range of -1.1.     It uses the stochastic(50) calculation method to spread indicators such as (RSI, COB) over the range (-1,1).     Indicators in this selection can be fixed and monitored under stock on the screen with the parameters under the Plot Type section.     You can see the original values ​​of the relevant indicator on the Data Window screen.     (!!! Do not use the values ​​on the chart in your condition calculations. Instead, get the values ​​from Data Window)     c)PercentRank     The indicator is displayed on the screen with stochastic calculation in the range of -1.1. .     Since the values ​​of indicators such as (RSI, COB) are low (-100,100 : -1.1), they appear at the bottom of the screen and make analysis difficult.     Indicators in this selection can be fixed and monitored under stock on the screen with the parameters under the Plot Type section.     You can see the original values ​​of the relevant indicator on the Data Window screen     ((!!! Do not use the values ​​on the chart in your condition calculations. Instead, get the values ​​from Data Window)     d)Org Range (-1,1)     If your indicator is in the range of -1.1, your indicator will be displayed on the screen with its original calculation in the range of -1.1.     Indicators in this selection can be fixed and monitored under stock on the screen with the parameters under the Plot Type section.     You can see the original values ​​of the relevant indicator on the Data Window screen.     (!!! Do not use the values ​​on the chart in your fitness calculations. Instead, get the values ​​from Data Window)   STEP 2 NOTES:   STEP 3: CONDITIONS ______________________________________________________________________________________________________   After choosing the indicators you will use in the conditions, you move on to the "CONDITIONS" section.   There are 4 conditions type here.    • LONG ENTRY CONDITION    • SHORT ENTRY CONDITION    • LONG CLOSE CONDITION    • SHORT CLOSE CONDITION   The use of each condition is the same.   There are 3 combinations you can use in each condition. (can be increased in new versions)   a)COMBINATIONS   There are 3 combinations you can use in each condition. (can be increased in new versions)   Each combination are build from 4 parts     1)1st Indicator     If set to "NONE" this combination will not be used on calculations. You can select      IND1-5: from indicators (See above),      EXT: value from externally imported indicator      Stock built-in values: close, open...     2)Operator      Selected Operator compares 1st Indicator with the 2nd one. You can select different operators such as       crossover, crossunder, cross,>,<,=....     3)2nd Indicator     This indicator will be compared with the 1st one via selected Operator. You can select      IND1-5: from indicators (See above),      VALUE: a float value defined in the combinations value parameter      EXT: value from externally imported indicator      Stock builtin values: close,open...     4)Value     When the 2nd indicator field is "VALUE", value area compares the entered value.     ex: 1st indicator="open", op=">", 2nd indicator="VALUE", value=3000.12 means is(close>3000.12)     In other conditions, it compares the previous values ​​of the indicator.     ex: 1st indicator="open", op=">" 2nd indicator is "close" and value is 2 means is(open>close )   EXAMPLES:   indicator 1= "IND1", Operator=">", indicator 2= "IND2" => is(IND1>IND2)   indicator 1= "IND1", Operator=">", indicator 2= "VALUE", "0.1" => is(IND1>0.9)   indicator 1= "IND2", Operator="crossover", indicator 2= "IND1" => is(IND2 crossover IND1) : like a=ta.crossover(IND2, IND1)   indicator 1= "IND1", Operator="<", indicator 2= "close" => is(IND1>close)   indicator 1= "IND1", Operator="<", indicator 2= "EXT" => is(IND1>EXT) , EXT mean external imported indicator that define on settings section   indicator 1= "IND1", Operator="<", indicator 2= "IND1", Value="1" => is (IND1>IND1 )   b)JOIN COMBINATIONS   Each combination in Condition is compared with the next one via JOIN operator   The join operator can be selected as AND or OR.    Examples:    1st combination= is(IND1>0.9) true    2nd combination= is(IND2 crossover IND1) false    1st combination "AND" 2ndcombination" => false (is(IND1>0.9) AND is(IND2 crossover IND1))    1st combination "OR" 2nd combination" => true (is(IND1>0.9) OR is(IND2 crossover IND1))   STEP 3 NOTES:   When the 2nd indicator field is "VALUE", value area compares the entered value. In other conditions, it compares the previous values ​​of the indicator.   In cases where "VALUE" is not selected, integer values ​​must be entered in this field. (float should not be entered. ie 1, 2 should be entered)   !!!If the 1st indicator is "NONE" in the combination, that combination is cancelled.   Each combination returns true/false, allowing the selected value to be compared with another value   Example: EMA(21)>EMA(50) returns true under all conditions or (EMA(21) crossover EMA(50)) returns true when passed.   You can use , Value of 5 indicators (IND1-IND5) or (VALUE) that you have defined in combinations or import indicator (EXT) or stock values ​​(close, open, high...) in your calculations.   combination Compares the 1st indicator with 2nd indicator via the operator.   STEP 4: CUSTOM INDICATORS ______________________________________________________________________________________________________   There is an area in the code for designing Custom Indicators.   Here you can design your own indicators and use them in the framework.   You can also create unlimited parameters for your indicators in the SETTINGS custom indicator field.   For now, only 3 Custom indicators have been defined.   Examples are entered in the code for custom indicators.   STEP 4 NOTES:   Including / updating custom to the code is explained in the source code   • LIMITATIONS:   !!! According to your tradingview subscription, it takes the last 5000, 10000.. bars. More bar options may cause problems such as not appearing in the calculations or errors.   • RAMBLINGS:      • NOTES [ /i]   This Script can be used as an indicator if the last strategy parts in the code are commented out and converted to the initial strategy study.   It was originally prepared for my use with my own strategy framework and has export functions accordingly.   When integrated to my own strategy framework it brings many more features over strategy definition of trades.   • TODO [ /i]   TODO: Add tooltips to the settings screen   TODO: Add double triple, Quatr factor for all indicators (convert any indicator to factor2-4 facotr. ex: EMA to DEMA, TEMA, QEMA...)   TODO: Add factorized Fibo avg range indicator (good for trend definition and entry exit points)   TODO: Add bands to the indicator and conditions   TODO: Add debug window for exporting indicator's parameters   TODO: Add isRising(value) isFalling(value), is...(value) .... to combinations (they can be used as custom indicator also   TODO: Reassess condition entry screen for user friendly GUI   TODO: Increase # conditions from 3 to 4   TODO: Reassess strategy entries, exit and close (should be improved)   TODO: Add Alerts, Condiional alerts for indicator (study) part   TODO: Create export function v3 for Pinecoders Indicator framework   • THANKS:   For Pine script format docs RicardoSantos .   For Pine script coding standards Pinecoders .   For moving average script used on library s RodrigoKazuma .
Estratégia Pine Script®
por dturkuler
12
Divergence-Support/ResistenceAnother script based on zigzag, divergence, and to yield support and resistence levels. This idea started with below two concepts: ▶ Support and resistence are simply levels where price has rejected to go further down or up. Usually, we can derive this based on pivots. But, if we start looking at every pivot, there will be many of them and may be confusing to understand which one to consider. ▶ Lot of people asked about one of my previous script on divergence detector on how to use it. I believe divergence should be considered as area of support and resistence because, they only amount to temporary weakness in momentum and nothing more. As per my understanding Trend > Hidden Divergence > Divergence > Oscillator Levels of Overbought and Oversold ⬜ Process ▶ Now combining the above two concepts - what we are trying to do here is draw support resistence lines only on pivots which has observed either divergence or hidden divergence. Continuation and indecision pivots are ignored. ▶ Input requires only few parameters. Zigzag lengths and oscillator to be used. Oscillator periods are automatically calculated based on zigzag length. Hence no other information required. You can also chose custom oscillator via external source. ▶ Display include horizontal lines of support/resistence which are drawn from the candle from where divergence or hidden divergence is detected. ▶ Support resistence lines are colored based on divergence. Green shades for bullish divergence and bullish hidden divergence whereas red shades for bearish divervence and bearish hidden divergence. Please note, red and green lines does not mean they only provide resistence or support. Any lines which are below the price should be treated as support and any line which are above the price should be treated as resistence. ▶ Divergence symbols are also printed on the bar from where divergence/hidden divergence is detected. ↗ - Bullish Hidden Divergence ↘ - Bearish Hidden Divergence ⤴ - Bullish Divergence ⤵ - Bearish Divergence ▶ Script also demonstrates usage of libraries effectively. I have used following libraries in this code. import HeWhoMustNotBeNamed/ zigzag /2 as  zg  import HeWhoMustNotBeNamed/enhanced_ta/8 as eta import HeWhoMustNotBeNamed/ supertrend /4 as st Can be good combination to use it with harmonic patterns.
Indicador Pine Script®
por Trendoscope
39
15m Candle ToolShows historical 15min candles for the 1m, 3m , and 5m time frames. Counts down the time until the current 5m, 15m, and 1H candles close. Recommended use on the 1m, 3m , and 5m TimeFrames!!! Legend: Vertical Lines (Left to Right) -15m Candle wick (solid line) * -Close of current 5m candle (red dotted) -Close of current 15m candle (blue dashed) - Close of current 1H candle (green solid) Horizontal Lines (Top to Bottom) - Previous 15m high (top of wick) * - Subdivisions of the low to high of the previous 15m candle (.25, .50, .75) (WHITE LINES, .50 is extended) - inter candle average of the highs within the previous 15m candle (solid green) - average of the inter candle highs and lows (grey dashed) - inter candle average of the lows within the previous 15m candle (solid red) - Previous 15m low (bottom of wick) * Previous Candle Body * * = Changes color based on the bar color.
Indicador Pine Script®
por SamRecio
6
Gann Square TechniqueThis is the Gann Square Technique that i saw from the YT channel "WD Gann Price & Time Technical Analysis". The horizontal lines can act like Fibonnacci Retracement This script display Gann Fann/trend lines that u can use like support and resistance. There can be a problem if u try to display all the squares and lines, this for the limitation of line for part of TradingView but easily u can display: -Three Gann Squares only with Gann lines -Three Gann Squares only with 1/8 lines -Two Gann Squares with 1/4 lines and Gann lines -Two Gann Squares with 1/6 lines and Gann lines -One Gann Squares with 1/8 lines and Gann lines -etc Probably if u choose some option the Gann Squares will automatically adjust to the last candle, idk how to prevent that
Indicador Pine Script®
por M3RZI
9
Crypto Directional Movement Index DMI/ADXCrypto ADX + DMI This indicator is a customised version of the ADX + DMI by J. Welles Wilder in 1978, with default settings optimal for cryptocurrencies. What is the DMI (ADX) Indicator? According to Investopedia: DMI (ADX) consists of three indicators that measure a trend’s strength and direction. Three lines compose the Direction Movement Index (DMI): ADX (black line), DI+ (green line), and DI- (red line). The Average Directional Index (ADX) line shows the strength of the trend. The higher the ADX value, the stronger the trend. The color of the lines can be altered, but black, green, and red are the default in most software. The Plus Direction Indicator (DI+) and Minus Direction Indicator (DI-) show the current price direction. When the DI+ is above DI-, the current price momentum is up. When the DI- is above DI+, the current price momentum is down. This Version The ADX default value has been changed to from 14 to 2 (optimal for cryptocurrencies). The background flashes red when the –DMI goes above the HZ1 threshold and green when the +DMI does the same. There is an option to change it so that it’ll only flash when the ADX and the DMI are both above the threshold. The ADX changes color when above HZ1. Red and green plotshapes appear at DMI crossovers and three horizontal lines have also been added. Any suggestions are most welcome
Indicador Pine Script®
por Shanxia
6
ATR Pivot Point Index [racer8]Description: ATR Pivot Point Index (ATR_PPI) is based on the theory of mean reversion. I was inspired to create this indicator after watching a particular YouTube video on the UKspreadbetting channel. In this video, the trader being interviewed mentioned that he would exit when price is too far from the moving average. In other words, he exits when he thinks price will revert back to the moving average (mean reversion). I'm not sure what period moving average he used, so I set it to the standard 14 periods. I wanted to quantify his strategy so that the user can consistently exit a trade at a fixed distance away from the moving average. For this indicator, this distance is in ATR units. This strategy of exiting is known as the mean reversion exit strategy. Alternatively, if the user wishes to, this indicator can also be used as an entry indicator (Trend entry strategy). --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Parameters: 1. Sma Period - controls length of moving average (Affects histogram). 2. Atr Period - controls length of Atr, doesn't have much affect on indicator (Affects histogram). 3. Atr Pivot Point Level - controls horizontal line, it determines how far away in Atr units you want to exit/enter from the sma for every trade. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Interpreting signals: (Trend entry strategy) When histogram is... Green - enter long Red - enter short Purple - No signal (Mean reversion exit strategy) When histogram is... Green - exit long Red - exit short Purple - No signal --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Calculation: Distance = Absolute value of (current close - moving average(14)) ATR_units = Distance / ATR(14) ...........Plot as histogram. Add horizontal line set at (2)*ATR .......Plot line. Is histogram > line? Yes, histogram color is green/red. No, histogram color is purple. Note: For mean reversion exit strategy, I recommend HIGHER Atr Pivot Point Level values. Vice versa for trend entry strategy. Enjoy :)
Indicador Pine Script®
por racer8
6
Neglected Volume by DGTVolume is one piece of information that is often neglected, however, learning to interpret volume brings many advantages and could be of tremendous help when it comes to analyzing the markets. In addition to technicians, fundamental investors also take notice of the numbers of shares traded for a given security. What is Volume? The volume represents all the recorded trades for a security that occurs in a given time interval. It is a measurement of the participation, enthusiasm, and interest in a given security. Think of volume as the force that drives the market. Volume substantiates, energizes, and empowers price. When volume increases, it confirms price direction; when volume decreases, it contradicts price direction. In theory, increases in volume generally precede significant price movements. However, If the price is rising in an uptrend but the volume is reducing or unchanged, it may show that there’s little interest in the security, and the price may reverse. A high volume usually indicates more interest in the security and the presence of institutional traders. However, a rapidly rising price in an uptrend accompanied by a huge volume may be a sign of exhaustion. Traders usually look for breaks of support and resistance to enter positions. When security break critical levels without volume, you should consider the breakout suspect and prime for a reversal off the highs/lows Volume spikes are often the result of news-driven events. Volume spike will often lead to sharp reversals since the moves are unsustainable due to the imbalance of supply and demand note : there’s no centralized exchange where trades are recorded, so the volume data represents what happens at a particular exchange only In most charting platforms, the volume indicator is presented as color-coded bars, green if the security closes up and red if the security closed lower, where the height of the bars show the amount of the recorded trades Within this study, Relative Volume , Volume Weighted Bars and Volume Moving Average are presented, where Relative Volume relates current trading volume to past trading volume over long period, Volume Weighted Bars presents price bars colored based on short period past trading volume average, and Volume Moving Average is average of volume over shot period Relative Volume is presented as color-coded bars similar to regular Volume indicator but uses four color codes instead two. Notable increases of volume are presented in green and red while average values with back and gray, hence adding ability to emphasis notable increases in the volume. It is kind of a like a radar for how "in-play" a security is. Users are allowed to change the threshold, default value is set to Fibonacci golden ration standard deviation away from its moving average. Volume Weighted Bars, a study of Kıvanç Özbilgiç, aims to present if price movements are supported by Volume. Volume Weighted Bars are calculated based on shot period volume moving average which will reflect more recent changes in volume. Price actions with high volume will be displayed with darker colors, average volume values will remain as they are and low volume values will be indicated with lighter colors. Volume Moving Average, Is short period volume moving average, aims to display visually the volume changes. Please not that Relative Volume bars are calculated based on standard deviation of long volume moving average. What Else? Apart from the volume itself, your ability to assess what volume is telling you in conjunction with price action can be a key factor in your ability to turn a profit in the market. It makes little sense to analyze the volume alone. To correctly interpret the volume data, it shall be seen in the light of what the price is doing. there are a lot of other indicators that are based on the volume data as well as price action. Analysing those volume indicators has always helped traders and investors to better understand what is happening in the market. Here are the ones adapted with this study. Some of them used as a source for our aim, some adapted as they are with slight changes to fit visually to this study and please note that the numerical presentation may differ from their regular use • On Balance Volume • Divergence Indicator • Correlation Coefficient • Chaikin Money Flow Shortly; On Balance Volume The On Balance Volume indicator, is a technical analysis indicator that relates volume flow to changes in a security’s price. It uses a cumulative total of positive and negative trading volume to predict the direction of price. The OBV is a volume-based momentum oscillator, so it is a leading indicator — it changes direction before the price Granville, creator of OBV, proposed the theory that changes in volume precede price movements in a measurable way. He believed that volume was the main force behind major market moves and thought of OBV’s prediction of price changes as a compressed spring that expands rapidly when released. It is believed that the OBV shows the interactions between the institutional and retail traders in the market If the price makes a new high, the OBV should also make a new high. If the OBV makes a lower high when the price makes a higher high, there’s a classical bearish divergence — indicating that only the retail traders are buying. Another type of bearish divergence occurs when the price remains relatively quiet and fails to make a higher high but the OBV soars higher than the previous high — indicating that the institutional traders are accumulating short positions. On the other hand, if the price makes a lower low and the OBV makes a higher low, there is a classical bullish divergence, showing that the institutional traders don’t believe in that move With this study, Momentum and Acceleration (optional) of OBV is calculated and presented, where momentum is most commonly referred to as a rate and measures the acceleration of the price and/or volume of a security. It is also referred to as a technical analysis indicator and oscillator that is able to determine market trends. Additionally, smoothing functionality with Least Squares Method is added Divergences especially, should always be noted as a possible reversal in the current trend, so the divergence indicator is adapted with this study where the Momentum of OBV is assumed as Oscillator with similar usages as to RSI. Divergence is most often used to track and analyze the momentum in an asset’s price and the odds of a price reversal within the current trend. The divergence indicator warns traders and technical analysts of changes in a price/volume trend, oftentimes that it is weakening or changing direction. Correlation Coefficient The correlation coefficient is a statistical measure of the strength of the relationship between the relative movements of two variables. A correlation of -1.0 shows a perfect negative correlation, while a correlation of 1.0 shows a perfect positive correlation. A correlation of 0.0 shows no linear relationship between the movement of the two variables. In other words, the closer the Correlation Coefficient is to 1.0, indicates the instruments will move up and down together as it is mostly expected with volume and price. So the Correlation Coefficient Indicator aims to display when the price and volume (on balance volume) is in correlation and when not. With this study blue represent positive correlation while orange negative correlation. The strength of the correlation is determined by the width of the bands, to emphasis the effect horizontal lines are drawn with values set to 0.5 and -0.5. the values above 0.5 (or below -0.5) shows stronger correlation. Chaikin Money Flow , provide optionally as a companion indicator The Chaikin money flow indicator (CMF) is a volume indicator that measures the money flow volume over a chosen period. The money flow volume is a measure of the volume and where the price closed relative to the trading session’s range. It comes from the idea that buying pressure is indicated by a rising volume and recurrent closes in the upper part of the session’s price range while selling pressure is demonstrated by an increasing volume and repeated closes in the lower part of the price range. Both buying and selling pressures are accompanied by an increase in volume, but the location of the closing prices are in accordance with the direction of price Special thanks to @InvestCHK and @hjsjshs , who have enormously contributed while preparing this study related studies: Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Indicador Pine Script®
por dgtrd
129
Relative Strength of 2 securities - Jayy This is an update of the Relative Strength to index as used by Leaf_West.. 4th from the top. my original RS script is 3rd from the top. In this use of the term " Relative Strength" (RS) what is meant is a ratio of one security to another. The RS can be inerpreted in a fashion similar to price action on a regual security chart. If you follow his methods be aware of the different moving averages for the different time periods. From Leaf_West: "on my weekly and monthly R/S charts, I include a 13 EMA of the R/S (brown dash line) and an 8 SMA of the 13 EMA (pink solid line). The indicator on the bottom of the weekly/monthly charts is an 8 period momentum indicator of the R/S line. The red horizontal line is drawn at the zero line. For daily or 130-minute time periods (or shorter), my R/S charts are slightly different - the moving averages of the R/S line include a 20EMA (brown dash line), a 50 EMA (blue dash line) and an 8 SMA of the20 EMA (pink solid line). The momentum indicator is also slightly different from the weekly/monthly charts – here I use a 12 period calculation (vs 8 SMA period for the weekly/monthly charts)." Leaf's website has gone but I if you are interested in his methods message me. What is different from my previous RS: The RS now displays RS candles. So if you prefer to watch price action of candles to a line chart which only plots the ratio of closes then this will be more interesting to you. I have also thrown in a few options to have fun with. Jayy
Indicador Pine Script®
por jayy
3
Momentum of Relative strength to Index Leaf_West styleMomentum of Relative Strength to index as used by Leaf_West. This is to be used with the companion Relative Strength to Index indicator Leaf_West Style. Make sure you use the same index for comparison. If you follow his methods be aware of the different moving averages for the different time periods. From Leaf_West: "on my weekly and monthly R/S charts, I include a 13 EMA of the R/S (brown dash line) and an 8 SMA of the 13 EMA (pink solid line). The indicator on the bottom of the weekly/monthly charts is an 8 period momentum indicator of the R/S line. The red horizontal line is drawn at the zero line. For daily or 130-minute time periods (or shorter), my R/S charts are slightly different - the moving averages of the R/S line include a 20EMA (brown dash line), a 50 EMA (blue dash line) and an 8 SMA of the20 EMA (pink solid line). The momentum indicator is also slightly different from the weekly/monthly charts – here I use a 12 period calculation (vs 8 SMA period for the weekly/monthly charts)." Leaf's methods do evolve and so watch for any changes to the preferred MAs etc..
Indicador Pine Script®
por jayy
3
Relative strength to Index set up as per Leaf_WestRelative Strength to index as used by Leaf_West. If you follow his methods be aware of the different moving averages for the different time periods. From Leaf_West: "on my weekly and monthly R/S charts, I include a 13 EMA of the R/S (brown dash line) and an 8 SMA of the 13 EMA (pink solid line). The indicator on the bottom of the weekly/monthly charts is an 8 period momentum indicator of the R/S line. The red horizontal line is drawn at the zero line. For daily or 130-minute time periods (or shorter), my R/S charts are slightly different - the moving averages of the R/S line include a 20EMA (brown dash line), a 50 EMA (blue dash line) and an 8 SMA of the20 EMA (pink solid line). The momentum indicator is also slightly different from the weekly/monthly charts – here I use a 12 period calculation (vs 8 SMA period for the weekly/monthly charts)." Leaf's methods do evolve and so watch for any changes to the preferred MAs etc..
Indicador Pine Script®
por jayy
3
ICT Sessions Ranges [SwissAlgo]ICT Session Ranges - ICT Liquidity Zones & Market Structure OVERVIEW This indicator identifies and visualizes key intraday trading sessions and liquidity zones based on Inner Circle Trader (ICT) methodology (AM, NY Lunch Raid, PM Session, London Raid). It tracks 'higher high' and 'lower low' price levels during specific time periods that may represent areas where market participants have placed orders (liquidity). PURPOSE The indicator helps traders observe: Session-based price ranges during different market hours Opening range gaps between market close and next day's open Potential areas where liquidity may be concentrated and trigger price action SESSIONS TRACKED 1. London Session (02:00-05:00 ET): Tracks price range during early London trading hours 2. AM Session (09:30-12:00 ET): Tracks price range during the morning New York session 3. NY Lunch Session (12:00-13:30 ET): Tracks price range during typical low-volume lunch period 4. PM Session (13:30-16:00 ET): Tracks price range during the afternoon New York session CALCULATIONS Session High/Low: The highest high and lowest low recorded during each active session period Opening Range Gap: Calculated as the difference between the previous day's 16:00 close and the current day's 09:30 open Gap Mitigation: A gap is considered mitigated when the price reaches 50% of the gap range All times are based on America/New_York timezone (ET) BACKGROUND INDICATORS NY Trading Hours (09:30-16:00 ET): Optional gray background overlay Asian Session (20:00-23:59 ET): Optional purple background overlay VISUAL ELEMENTS Horizontal lines mark session highs and lows Subtle background boxes highlight each session range Labels identify each session type Orange shaded boxes indicate unmitigated opening range gaps Dotted line at 50% gap level shows mitigation threshold FEATURES Toggle visibility for each session independently Customizable colors for each session type Automatic removal of mitigated gaps All drawing objects use transparent backgrounds for chart clarity ICT CONCEPTS This tool relates to concepts discussed by Inner Circle Trader regarding liquidity pools, session-based analysis, and gap theory. The indicator assumes that session highs and lows may represent areas where liquidity is concentrated, and that opening range gaps may attract price until mitigated. USAGE NOTES Best used on intraday timeframes (1-15 minute charts) All sessions are calculated based on actual price movement during specified time periods Historical session data is preserved as new sessions develop Gap detection only triggers at 09:30 ET market open DISCLAIMER This indicator is for educational and informational purposes only. It displays historical price levels and time-based calculations. Past performance of price levels is not indicative of future results. The identification of "liquidity zones" is a theoretical concept and does not guarantee that orders exist at these levels or that prices will react to them. Trading involves substantial risk of loss. Users should conduct their own analysis and risk assessment before making any trading decisions. TIME ZONE Set your timezone to: America/New_York (UTC-5)
Indicador Pine Script®
por SwissAlgo
Trend Meter [MMT]The Trend Meter is a dynamic Pine Script indicator designed to provide traders with a clear, multi-dimensional view of market trends and momentum across different timeframes and metrics. By integrating Exponential Moving Averages (EMAs), Volume-Weighted Average Price (VWAP), higher timeframe (HTF) analysis, and Regular Trading Hours (RTH) breakouts, this indicator offers a comprehensive tool for identifying bullish, bearish, or neutral market conditions. Its customizable visual display and label system make it ideal for traders seeking actionable insights for trend-following, breakout, or reversal strategies. Key Features: 1. Multi-Metric Trend Analysis: - Trend Meter : Compares a Fast EMA (default: 9) and Slow EMA (default: 21) to determine short-term trend direction. - Bias Meter : Uses a longer-term Bias EMA (default: 35) to assess the overall market bias based on the close price. - VWAP Meter : Evaluates price position relative to the VWAP for dynamic support/resistance insights. - HTF Meter : Analyzes higher timeframe (default: 60-minute) price action, detecting breakouts of previous highs/lows and candle direction. - RTH Meter : Tracks price breakouts above/below the US Regular Trading Hours (09:30–16:00 EST) 15m opening range (09:30–09:45 EST). 2. Color-Coded Visuals: - Each metric is displayed as a horizontal line with customizable colors (green for bullish, red for bearish, gray for neutral). - Visual style options (dotted, dashed, or solid lines) allow for personalized chart clarity. 3. Dynamic Labels: - Optional labels for each metric (Trend, Bias, VWAP, HTF, RTH) with customizable text, size (tiny to huge), and color. - Labels update in real-time, providing clear identification of each meter’s role and current state. 4. Flexible Metric Selection: - Toggle individual metrics (EMA, VWAP, HTF, RTH) on/off to focus on relevant indicators for your trading style. - Option to use the previous bar’s close price for calculations, reducing noise in volatile markets. 5. RTH and Opening Range Analysis: - Calculates the high/low of the opening range (09:30–09:45 EST) during RTH sessions. - Signals bullish or bearish conditions when the price breaks above/below the opening range outside the initial 15-minute window. 6. Higher Timeframe Breakout Detection: - Monitors HTF price action to identify breakouts of the previous candle’s high or low, combined with the HTF candle’s direction for trend confirmation. How to Use: - Trend Confirmation : Use the Trend and Bias Meters to confirm short-term and long-term market direction. - Breakout Trading : Leverage the RTH Meter for breakout setups above/below the opening range during US trading hours. - Support/Resistance : Utilize the VWAP Meter to identify dynamic price levels for entries or exits. - Higher Timeframe Context : Monitor the HTF Meter for broader market trend alignment, ideal for swing or position trading. - Customization : Adjust EMA lengths, toggle metrics, and customize visual styles and labels to suit your chart preferences. Settings: - Bias Settings : - Fast EMA (default: 9), Slow EMA (default: 21), Bias EMA (default: 35). - Higher Timeframe (default: 60-minute). - Option to use previous close price for calculations. - Enable/disable individual metrics (EMA, VWAP, HTF, RTH). - Visual Settings : - Bullish (green), bearish (red), and neutral (gray) colors. - Line style (dotted, dashed, solid). - Label Settings : - Enable/disable labels. - Customize label size (tiny, small, normal, large, huge) and text color. - Custom text for each meter’s label (Trend, Bias, VWAP, HTF, RTH). Notes: - Optimized for intraday trading (e.g., 1m, 5m, 15m) but adaptable to any timeframe. - RTH and opening range calculations are tailored for US markets (EST timezone); adjust session times in the code for other markets. - Higher timeframe analysis enhances context for multi-timeframe strategies. Ideal For: - Intraday traders targeting RTH breakout opportunities. - Swing traders aligning with higher timeframe trends. - Traders using VWAP and EMA-based strategies for trend and momentum analysis. - Those seeking a clean, customizable dashboard for multi-metric market analysis.
Indicador Pine Script®
por isthattyler
5
[FS] Pivot Measurements# Pivot Measurements An advanced TradingView indicator that combines LuxAlgo's pivot point detection algorithm with automatic measurement calculations between consecutive pivots. ## Features ### Pivot Detection - **Regular Pivots**: Detects standard pivot highs and lows using configurable pivot length - **Missed Pivots**: Identifies missed reversal levels that occurred between regular pivots - **Visual Indicators**: - Regular pivot highs: Red downward triangle (▼) - Regular pivot lows: Teal upward triangle (▲) - Missed pivots: Ghost emoji (👻) - **Zigzag Lines**: Connects pivots with colored lines (solid for regular, dashed for missed) - **Ghost Levels**: Horizontal lines indicating missed pivot levels ### Measurement System - **Automatic Measurements**: Calculates price movements between consecutive pivots - **Visual Display**: - Transparent colored boxes (blue for upward, red for downward movements) - Measurement labels showing: - Price change (absolute and percentage) - Duration (bars, days, hours, minutes) - Volume approximation - **Smart Positioning**: Labels positioned outside boxes (above for upward, below for downward) - **Color Coding**: Blue for positive movements, red for negative movements ## Parameters ### Pivot Detection - **Pivot Length** (default: 50): Number of bars on each side to identify a pivot point - **Regular Pivots**: Toggle and colors for regular pivot highs and lows - **Missed Pivots**: Toggle and colors for missed pivot detection ### Measurements - **Number of Measurements** (1-10, default: 10): Maximum number of measurements to display - **Show Measurement Boxes**: Toggle to show/hide measurement boxes and labels - **Box Transparency** (0-100, default: 90): Transparency level for measurement boxes - **Border Transparency** (0-100, default: 50): Transparency level for box borders - **Label Background Transparency** (0-100, default: 30): Transparency level for label backgrounds - **Label Size**: Size of measurement labels (tiny, small, normal, large) ## Usage 1. Add the indicator to your chart 2. Configure the **Pivot Length** based on your timeframe: - Lower values for shorter timeframes (e.g., 10-20 for 1-5 min) - Higher values for longer timeframes (e.g., 50-100 for daily) 3. Adjust pivot colors and visibility as needed 4. Customize measurement display settings: - Set the number of measurements to display - Adjust transparency levels for boxes, borders, and labels - Choose label size ## Technical Details - **Pine Script Version**: v6 - **Pivot Detection**: Based on () algorithm for detecting regular and missed pivots - **Measurement Calculation**: - Measures between consecutive pivots (from most recent to older) - Calculates price change, percentage change, duration, and approximate volume - Automatically sorts pivots chronologically - **Performance**: Optimized with helper functions to reduce code duplication ## Notes - The indicator automatically limits the number of stored pivots to optimize performance - Measurements are only created when there are at least 2 pivots detected - All measurements are recalculated on each bar update - The indicator uses `max_bars_back=5000` to ensure sufficient historical data ## License This indicator uses LuxAlgo's pivot detection algorithm from (). Please refer to the original LuxAlgo license for pivot detection components.
Indicador Pine Script®
por SF_Trade
12