Multi RSI based on Timeframe
This code has been inherited from " 3 RSI Multi Timeframe Inception" by pranjalchaubey and enhanced/modified to include 2 more RSI indicators. The RSIs considered are 15 minutes, 1 Hour, Daily, Weekly and Monthly displayed based on chart time frame.
The number of RSI indicators displayed is context dependant or time frame based, as below,
15min, hourly and daily RSIs are displayed on 15 mins or hourly charts, often used for Intraday trading,
Daily, Weekly and Monthly RSIs are displayed for Daily charts / Swing trading and
Weekly and Monthly RSIs for Weekly time frame / Positional trades.
Pesquisar nos scripts por "weekly"
RSI week/month level on daily Time frame- You can analyse the trend strength on daily time frame by looking of weekly and monthly is greater than 60.
- Divergence code is taken from tradingview's Divergence Indicator code.
#Strategy 1 : BUY ON DIPS
- This will help in identifying bullish zone of the price when RSI on DAILY, WEEKLY and Monthly is >60
-Take a trade when monthly and weekly rsi is >60 but daily RSI is less thaN 40.
BEST Standalone Trade Manager with Automatic Take ProfitHello BEST traders
The BEST Trade Manager got upgraded with many more features
This version allows setting automatically the TP levels on either Daily/Weekly/Monthly Fibonacci/Traditional/Camarilla/Woodie pivots and Daily/Weekly/Monthly/Intraday Moving Averages
I. 💎 SCRIPTS ACCESS 💎
1. Available only with one-time payment on my website.
2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here: Daveatt
3. Many video tutorials explaining clearly how all our indicators work are available on your website > guides section.
4. You may also contact me directly for more information
II. 🔎 What is the BEST Trade Manager?🔎
2.1 Concept
The BEST Trade Manager is compatible with any indicator.
Once connected, it adds another layer of good stuff with real-time user custom defined stop loss (8 available options), take profits (4 possible options) + alerts compatible for trading automation.
2.2 How hard is it to update your indicator?
We'll send to our customers, a comprehensive and easy tutorial, to make any indicator compatible.
I guarantee you, it should take no more than 2 minutes per indicator. We made it easy, fun, and awesome. #bolder #statement
III. The amazing benefits of our Plug&Play system
I hope you're ready to be impressed. Because, what I'm about to introduce, is my best-seller feature - and available across many of my indicators.
The BEST Trade manager can be connected to any external indicator
Let's assume you want to connect your RSI divergence to your Trade Manager.
I mentioned an RSI divergence but you may connect any oscillator ( MACD, On balance volume, stochastic RSI, True Strenght index, and many more..) or non-oscillatory (divergence, trendline break, higher highs/lower lows, candlesticks pattern, price action, harmonic patterns, ...) indicators.
THE SKY IS (or more likely your imagination) is the limit :)
Of course, this tool is compatible with my other indicators
We go in-depth on our website why the Plug&Play is an untapped opportunity for many traders out there - URL available on my profile status and signature
IV. 🧰 Features 🧰
Candles can be colored to highlight the trend direction better [/b [
4.1 Stop-Loss Management
For what's following, let's assume that 2 is the stop-loss value you inserted in the indicator, and the Algorithm Builder gives a BUY signal.
This is NOT a recommendation at all, only an example to explain how this feature works.
- %Trailing: The Stop-Loss starts 2% away from the entry price - and will move up (because we're on a BUY trade as per our example) every time your trade will gain 2% profit
- Pips Trailing: Same as above but using a distance in pips/USD value
- Percentage: The Stop-Loss stays static 2% away from the entry price. There is no trailing here
- TP Trailing: Trail your stop-loss every time a Take Profit level is hit
- Supertrend: embedded supertrend use as a trailing stop
- Fixed: Set the Stop-Loss at a fixed position (value should be in currency/units)
- ATR multiple: Set the Stop-loss at a multiple of ATR
- External connector: Let's say your indicator already contains embedded stop-loss levels, you can add them in the Trade Manager
4.2 Take Profits Management
You can manage up to 3 take profit levels defined as a percentage or price value or ATR multiple.
The expected input is in percentage value (for instance, setting the % target of TP1 to 2% will set the TP1 level 2% away from the entry price
This version allows setting automatically the TP levels on either Daily/Weekly/Monthly Fibonacci/Traditional/Camarilla/Woodie pivots and Daily/Weekly/Monthly/Intraday Moving Averages
4.3 Built-in Risk-to-Reward Panel with real-time analytics
The good stuff doesn't stop here.
You'll notice that this sometimes green (when in a LONG), sometimes red (when in a SHORT) panel at the right of your chart.
- Entry Price: the price when the Algorithm Builder will give a signal.
- The Trade PnL in percentage.
- Entry Stop Loss: Distance (in currency/units) between the selected stop-loss algorithm (percent, trailing, TP trailing, etc.) and the entry price.
- Entry TP1/TP2/TP3: Distance (in currency/units) between the entry price and the first take profit
- Risk/Reward TP1/TP2/TP3: Using the Stop-loss distance at entry, and Take Profit 1/2/3 at the entry to compute the risk-to-reward ratio.
- Max drawdown and Max opportunity (value and percentage): respectively the maximum loss and maximum win per trade
For more details, please check the guides section of my website. Links are in my signature and profile status.
V. 🔔 Alerts 🔔
We enabled the alerts on the:
1. Stop-Loss hit
2. Take Profit 1/2/3 hit
3. custom hard exits based on either MACD / RSI divergence/ MM cross
5.1 🤖 Compatible with trading bots? 🤖
It's compatible with all third-parties out there capturing alerts and forwarding them to the brokers.
We enabled TradingConnector and ProfitView alert templates so far.
If you have any doubts or questions, please hit me up directly or ask in the comments section of this script.
BEST regards,
Dave
Consensio Vision MA - Tribute to Late Dean Tyler JenksA wonderful mentor, fearless leader and incredibly humble man, father alike and world renowned bitcoin influencer also known for the invention of robust money management system named consensio moving averages, Tribute to Late Dean Tyler Jenks who made this possible.
Explanation
this indicator make use of three simple moving averages, idea is to incrementally invest little by little in the bull market when all moving average is moving up
A more in-depth guide for consensio is available here
How to use this indicator?
This indicator plots weekly moving average on daily and/or hourly time frame, the basic idea is to see how smaller time frame like daily and hourly trend reacts to larger time frame like weekly moving averages and what are the possible support and resistance area on these smaller time frame and also to arrive at better entry points while doing that.
The name Consensio Vision is chosen cuz.. it's a free reminder to never loose long-term vision (in this case weekly trend) of where you're going
Consensio Vision MA - Tribute to Late Dean Tyler Jenks
Lucid's Principles Of Investing - These are principles foretold by Late dean tyler jenks.. he goes on to saying that those 12 principles will keep you out of trouble or will identify trouble or will identify your human behavioral problems
1. CASH IS KING - in terms of my investing principles is very simple cash is king, I would rather be in cash than any other asset class, unless an asset class is trending to the upside (or bull market) the cash is king
2. Market doesn't move in straight line - all asset classes trimmed up and down, as tyler goes on to say he dont believe in buy and hold strategy, i'm giving you the tools to get you out of market so you dont have drive down bear events like 2009 crash, he further suggests you sould react (or make decision) before a 10% drop in market.
3. Timeframe - trends are short days or weeks intermediate weeks or months and long months or years so principle number three is don't just talk about something is in a trend be precise are you talking about a short-term trend an intermediate term trend or a long-term trend...
just saying something is in a trend is irresponsible, you've got to identify your time frame
4. Wait! Bear market is different - cash is king and unless asset class is trending up there are times that you want to take advantage of a trend that is down but it is not the equivalent of investing in a trend that is up it is far more dangerous far more difficult it can be done but that's not one of the main principles, (also check rule number 7 as both are related)
5. Only long-term trends are investments - word trading is not really an investment term trading means buying or selling it has nothing to do with what you're attempting to achieve in terms of either speculation gambling investing ... those are not opportunities for investing because they're short or they're intermediate.. that doesn't mean that you can't speculate and have that turn into a position trade and have it turn into a possible swing trade and then have it turn in to an investment however be prepared once you've made an investment where that investment in a short or an intermediate term time frame to move against you
6. Never invest in a FOMO (fear of missing out)- loss of money loss of cash loss of wealth is not equivalent to a loss of opportunity
it is 100 times more important than a loss of opportunity
7. understand the importance of Percentage - a 50% gain is not an inverse equivalence of a 50% loss that is the single most important rule or principle that Lucid uses in determining when to get into or out of an investment and it goes back to number six that a loss of money is not equivalent to a loss of opportunity
8. all long-term trends are fundamentally based, repeat all long-term trends are fundamentally based
9. number nine is a corollary but it's separate all short and intermediate term trends are not fundamentally based, long term trends are not affected by news are not affected by headlines are not affected by company announcements or country announcements they are affected in the short in the intermediate term and therefore your probability of success goes way up as your timeframe frame goes longer
10. Fundamental vs technical - technical tools are invaluable in identifying trends fundamental tools are not invaluable in identifying trends - that's why technical analysis is so important it gives you something that fundamental analysis will never give you in time so technical a pro active mechanism or money management tool and fundamental is a lagging indicator hoever its what drives the market in log term
11. Profitability based on time aka VISION- I see even very sophisticated investors doing is they let the technical tools give them a signal on the short-termer intermediate-term and they believe because it's the tool that they're using that it's giving them an equivalent probability of success and it is not!
it's probability of success at the short-term is less than at the intermediate term and is less than at the long-term
12. the last one long-term trends are more important than intermediate which are more important than short term, tyler developed a scale where he ranks
long-term trend 5,
intermediate term trend 3,
short-term with a 1
(note: if you add both 3 & 1 its still smaller then 5)
if you add together my intermediate term weighting of 3 and the short term weighting of 1 that you do not equal the long term weighting of 5 that means that both the short and the intermediate term can be going in a direction but that does not negate the direction of the long term trend it's a simple way of looking at it and I use the word in number 12 important not simply to mean importance in terms of the weighting system but the probability of success of each of those 3
so if you're using a short term 15 minute 30 minute one hour signals or probability of success drops dramatically and therefore you've got to factor in where your stops are relative to that probability when you're in a long term trend a five waiting you don't need to use stops when you're in an intermediate term trend you've got to use stops and when you're in a short term trend you've got to use closed stops
official website- lucidinvestmentstrategies.com
TBS - Trend Buy and Sell IndicatorTrend Buy and Sell Indicator
TBS identifies trend based on price cross-over/cross-under to a moving average. Confirmed Up-trend is displayed in green and Down-trend in red backgrounds. Before a trend is confirmed price cross-over is displayed in blue and cross-under in orange backgrounds. Once an uptrend is confirmed, TBS suggest buys based on touch downs to a Support moving average by a green arrow under the candle . A sell is suggested by TBS by a red arrow on top of the candle when the price reaches a certain percentage above support moving average. Motivation and Tolerance levels are provided to fine tune buying and selling signals.
Example : Default settings for BTC Weekly charts are Trend Moving Average = 50, Support Moving Average = 21, Motivation Buy = 10, Tolerance Buy = 5, Motivation Sell = 50 and Tolerance Sell = 90. That means in uptrend identified by green background every time the closing price touches 10% higher than 21 week moving average value TBS suggests buy, so a trader can choose to buy 80% of intended position at this level. If the price continues to drop down and touches 5% below 21 week moving average, a trader may choose to buy another 20% at this level. In the likely scenarios of price hike from here a trader may choose to sell 80% at the Motivation Sell level 50% higher than 21 week moving average. If the price reaches Tolerance Sell level at 90% higher than 21 week moving average a trader may choose to sell remaining 20% of the position.
Note 1 : TBS suggest Buys and sells but the execution of buy and sell is up to trader's discretion for example using Stop Buy order or Limit Buy order etc.
Note 2 : TBS is designed to be a medium to long term indicator for example weekly and monthly timescales. Traders might find it useful on shorter term time-frames but its not designed for short term time frame in mind.
Note 3 : Most of the parameters in TBS indicator are configurable as Trend Moving Average and Support Moving Average vary significantly across assets. Default parameters are set for Bitcoin Weekly time frame. Traders should play around with parameters to find best fit for Trend Moving Average and Support Moving Average for the asset of interest. For example TBS is very relevant and useful for Gold Weekly time frame with Trend Moving Average = 100, Support Moving Average = 30, Motivation Buy = 1, Tolerance Buy = 0, Motivation Sell = 11 and Tolerance Sell = 20.
Static + Dynamic LevelsShows static and dynamic levels which can act as support/resistance. These are important as there is a lot of users who are interested in buying/selling at these prices.
Static Levels include -
Daily/Weekly/Monthly/Yearly Open (changes color depending on if below or above price)
Previous Daily/Weekly/Monthly/Yearly Open
Previous day's High/Low
Dynamic Levels include -
100/200 Daily MA
100/200 Weekly MA
TARI IRON CONDOR %Hi guys!
I give here some details about my new script.
It's a script to find the best opportunity to trade options, sotcks, etf, index, an ocean of securities!
It works it's best on Weekly time frame, and that's how I use it.
There are only 2 settings to do before to dive into the market:
Period: it means how many candles you want to trade before expiration.
Strike: it's where to sell the put and the call, as % of actual price.
It's easier to get it reading about my routine:
Monday morning I open the Weekly chart, I set "period" to match it with next expiring day (if next regular expires in 2 weeks I set period=2, if I prefer to trade a weekly option I can set "period=1"), and I set a Strike. "Strike" 10% means that the short legs must be placed +/-10% from Monday opening price ( we call this price just opening price). If Monday open is 100$ (opening price is 100), and I choose 7%Strike, the short put must be placed @ 93$, the short call @107$.
On the script you can find a green or a red histogram, when it appears it means that there is a good edge to trade iron condor.
On the right side of the indicator you will see the success rate for green and red signal. You can play with Strike to find the better odds, for exemple: XYZ with 10% strike gives 88% success ( so reward / risk ratio is (100-88)/88=12/88= 0.14), and all the trades that gives you by your broker platform a succes rate lower than 88% (that means RR higer than 0.14), is good for us!
So basically we know for each strike and each expiring date, on a given security, our odds by TARI CONDOR, we know our Reward / Risk ratio, and when the market pays more than what we see by the strategy, we have an edge.
If I find a good opportunity I jump on my broker platform and place an order. It's not always possible to find a decent RR, in thoese cases I place a pending order, so maybe after a few days it can be executed as the price moves closer to the wings. But we trade only if we have a real edge! I trade about 10 iron condors in a week.
Once the order has been executed it's time to manage the position, the rules are the basic rules for iron condor: if one candle cloes at the end of the week over one long strike we roll ( up the puts and down the calls) the side that is still in profit, until around the opening price, to collet more credit, raising our RR. If one spread is deep ITM we can close that side, lowering our max loss.
That's it. I will publish my trades over the next days, to better understand the power of this script.
By TARI CONDOR we can trade almost everityhing with options, having a good edge on our side, plus all the benefit in trading options instead trading stocks or etf (levarage is the most important).
Subscribe and Enjoy your wallet!
Tari
PP Dynamic ZonesNSE:BANKNIFTY
So I Came Across the Dynamic Zones Trading System for 20K INR along with Basic course for stock market.
So I decided to Code it. This is only Version 1, I would like this system available for all and also would like to protect the source code for my study purpose and to enhance further versions with Many features like CPR, Automatic Support and resistance area,
Price action range during Market hours and some plans for Version 2 of the indicator for the Trading Community, and I ask for your feedback on anything you find.
What is Dynamic Zones?
Dynamic Zones are nothing but Support and Resistance Zones Calculated from the range of opening price and Close price for past 10 days.
How it will be useful in charts and What time Frame?
Dynamic Zone can be used in all time frame , it will act as support and resistance.
Daily Zone
Wider the Daily zone wider the resistance or support. if Daily Zone are narrow then most of the time it will be trending Day.
Weekly Zone
Weekly Zone is stronger than Daily , When Daily and Weekly Zone overlap Stronger the resistance or Support.
Monthly Zone
Monthly Zone is used when we are working on Swing Trading setup on a Daily Chart than intraday Chart.
Hope you all enjoy this system and get benefited.
TT Historical RangesBeta - Ongoing Updates
Used to overlay the Open and Close prices and trading range for Last Daily, Weekly and Monthly Candle on your own charts and timeframes.
In the example shown
the green area is showing the last Monthly Candle open and close range
the blue area at the bottom is showing the last Weekly Candle open and close range
the remaining horizontal are for the last Daily Candle (orange lines) and the User Selected Candle of 3 Days (white lines).
NOTE: the labels next to the scale for each price line are only visible if you turn on indicator labels in the scale settings .
Indicator Settings - Daily, Weekly, Monthly and User Selected plots have their own display and style options.
enable or disable last open price line
enable or disable last close price line
enable or disable historical trading range (fill between open/close)
select and your own preferred time frame to display
NOTE: used for my own educational purposes and is not fit for trading advice or strategies.
Momentum_GalluThis plots the ratio of 5EMA to 21EMA on current timeframe basis and compares this with plot of the ratio of weekly 4EMA to Weekly 12 EMA
This is in attempt to find if recent momentum beats weekly momentum
Combined Candle CounterThis script combines multiple indicators and count their results in a label
- Shows the weekly moving average in a daily chart
- Count the days where the underlying is above & below the moving average and shows the figure in a label
- Shows & Count Distribution days in relation to the weekly moving average
- Daily / Weekly Moving Averages can be configured (length, type, reference)
CPR with SMA, EMA, VWAP & Super Trend by GuruprasadMeduriThis script will allow to add CPR with Standard Pivots and 4 Indicators.
Standard Pivot has 9 levels of support and 9 levels of resistance lines. It has CPR , 3 levels of Day-wise pivots , 3 levels of Weekly pivots and 3 Levels of Monthly Pivots .
In Addition to the CPR and Pivot, this script will allow user to Add 4 more Indicators - SMA, EMA, VWAP and SuperTrend as well.
All the Support and resistance levels can be enabled / disabled from settings. It will allow to select multiple combinations of support and resistance levels across 3 levels at any of the 3 time-frames individually and combined.
All 4 Indicators can be can be enabled / disabled from settings. This will allow the indicators to be plotted individually and combined along with any combination of CPR & Pivots.
These number of combinations will allow user to visualize the charts with desired indicators, pivot support & resistance levels on all or any of the 3 time frames.
For Ease of access, listed few points on how the script works..
- CPR and day-wise level 1 & 2 (S1 & R1) enabled by default and can be changed from settings
- Day-wise Level 2 & 3 (S2, R2, S3 & L3) can be enabled from settings
- Weekly 3 levels and Monthly 3 levels can be enabled from settings
- CPR & pivot levels colored in blue lines
- All support levels colored in Green
- All resistance levels Colored in Red
- Day-wise pivot , support & resistance are straight lines
- Weekly pivot , support & resistance are cross (+) lines
- Weekly pivot , support & resistance are circle (o) lines
- SMA, EMA, VWAP and SuperTrend Enabled by Default
- SMA Colored in Orange
- EMA Colored in Red
- EMA Colored in Teal
- SuperTrend Colored in standard Red & Green with triangle arrows
- Any combinations can be selected from settings-> Inputs & style
Elder Impulse SnapshotNASDAQ:AMZN
I've always been intrigued by the Elder Impulse System but found it labour intensive with its flipping back and forth between daily and weekly charts. I also wasn't fond of the way it repainted the candlesticks. So I set out to build a version where you could get every trade signal filtered down in one chart and still see the real price action.
This article provides a decent overview of the original system: www.investopedia.com
Elder Impulse Snapshot uses two EMAs and two MACDs, one of each to process both the daily and weekly data. The daily data gets an EMA of 13 periods and the standard MACD settings. For the weekly info, the EMA is set to 65 periods and all the MACD values are also multiplied by five (60, 130, 45). Buy signals are generated when both EMAs and both MACD histograms are rising. When all four of these elements are falling, sell signals are generated. If any of the indicators disagree, no signal is generated and entering any trade is not advised.
The blue and red arrows are the buy and sell signals. From my reading, it appears Dr. Elder recommended exiting the trade as soon as the system no longer generated a signal, though the case could be made for taking partial profit and moving up your stop loss to ride the trend out longer provided you haven't been stopped out yet.
CPR by GuruprasadMeduriThis script will allow to add CPR with Standard Pivot ad 9 levels of support and 9 levels of resistance lines. It has CPR, 3 levels of Day-wise pivots, 3 levels of Weekly pivots and 3 Levels of Monthly Pivots. All the Support and resistance levels can be enabled / disabled from settings. It will allow to select multiple combinations of support and resistance levels across 3 levels at any of the 3 time-frames individually and combined.
These number of combinations will allow user to visualize the charts with desired pivot support & resistance levels on all or any of the 3 time frames.
For Ease of access, listed few points on how the script works..
- CPR and day-wise level 1 & 2 (S1, R1, S2 R2) enabled by default and can be changed from settings
- Day-wise Level 3 (S3 & L3) can be enabled from settings
- Weekly 3 levels and Monthly 3 levels can be enabled from settings
- CPR & pivot levels colored in blue lines
- All support levels colored in Green
- All resistance levels Colored in Red
- Day-wise pivot, support & resistance are straight lines
- Weekly pivot, support & resistance are cross (+) lines
- Weekly pivot, support & resistance are circle (o) lines
- Any combinations can be selected from stettings-> Inputs & style
// - This is an iterative development. Will add more features due course of time. Suggestions are always welcomed!!
All past LevelsContains all past levels that we need
1. Previous Monthly High
2. Previous Monthly Low
3. Previous Weekly High
4. Previous Weekly Low
5. Previous Daily High
6. Previous Daily Low
7. Previous Monthly Range Average (PMH+PML)/2
8. Previous WeeklyRange Average (PWH+PWL)/2
9. Previous Daily Range Average (PDH+PDL)/2
10. Monthly Open
11. Weekly Open
12. Daily Open
GoTiT|Profiteer v1.1Description
This indicator measures the distance (in percent) between the price and its 20 EMA (in green) and 200 EMA (in red).
Basic Idea
Price tends to move away from its moving averages, and eventually snaps back. Knowing how far away the price has moved from a moving average might be useful.
Details
The green line measures of the distance (in percent) between the price and its 20 EMA. Positive values indicate how far the price is above the 20 EMA. Negative values indicate how far the price is below the 20 EMA.
The red line measures of the distance (in percent) between the price and its 200 EMA. Positive values indicate how far the price is above the 200 EMA. Negative values indicate how far the price is below the 200 EMA.
The dotted grey line measures (in percent) the distance between the 20 EMA and the 200 EMA. Positive values indicate how far the 20 EMA is above the 200 EMA. Negative values indicate how far the 20 EMA is below the 200 EMA.
The dotted horizontal lines (red, green, and grey) track the current value. These can be disabled in the indicator settings.
Usage
Look for extreme values on the weekly, 3-day, and daily charts. For example, compare the 1974 & 2002 lows on the weekly chart of the S&P. In both instances, the green line is in the -20% range, and the red line in -30% range. In both cases the bottom was very close.
Compare previous tops or bottoms to get a baseline (taking the trend into account). For example, on the weekly S&P chart, the +31% or above range for the red line tends to be a warning of an impending downward pressure.
Other
In my opinion, the default settings of this indicator are better suited for investing rather than day trading. Try other values for EMA 1 & EMA2 in the indicator settings. Note, EMA2 should be greater than EMA1.
Bitcoin: Price Action Integral BandsThis indicator tries to display absolute tops and bottoms for Bitcoin. The price action gets integrated with two custom functions resulting in the blue top and red bottom price action integrals. From those integral values we allow 5% deviation in up and down direction, leading to price action integral bands of some non-zero width.
Even in the current liquidity crisis with abnormal price movements, Bitcoin had no weekly candle close below the support band. One thing to note is that in the here presented model, up until now only one single weekly candle touches the blue band in each of Bitcoin's cycles. For longer-term trades it might be a good idea to buy BTC when price is around the red band, and sell/go short when BTC is around the blue band, although this is no financial advice and one should always cross-check with other indicators/informations.
There's the option to plot or hide the bands individually.
The integral bands are specifically designed for the Bitcoin BLX (BraveNewCoin Liquid Index) ticker on weekly timeframe. For other assets, tickers and timeframes the functionality of this indicator cannot be guaranteed and will most probably not deliver meaningful results.
Volatility IndexThis is a composite volatility index to show percentile of current volatility compared to that of the last 52 bars. As this is a weekly chart (and this script is intended for usage on weekly charts) we can see the yearly percentile rank of volatility.
As shown when volatility is in the lower 25%tile (viewed on weekly) the market is calm and likes to rise; when the volatility is above the 25%tile you can see that the market tends to have larger and 'choppier' moves.
This is /not/ 'just the vix' this takes into consideration the volatility of all major US indexes including the SPX500, Dow 30, Nasdaq 100, and Russel 2000.
Please remember that this is just plotting:( volatility index - lowest(index,52) )/( highest(index,52)-lowest(index,52) ) so for 'yearly percentile' check the weekly chart (52 weeks = 1yr)
Liens Support & Resistances + Trend following v2
1. Previous daily Support and resistance levels ( Not showing on chart - Needs to be used on lower tf )
2. Previous Weekly Support and resistance levels
Blue circles = Weekly Support
Yellow circles = Weekly resistance
This setting is currently set to "0 days" so when you open the script it wont show.
On chart previous weekly is set to "10 weeks"
3. Auto Support and resistance levels targeting Highs and lows(wicks).
Auto color change
Support = always green
resistance = always red.
4. Trendfollowing Using the 20 ema
Bars change color when price is over/under ema.
BEST Long Term Levels Breakout ScreenerHello traders
Continuing deeper and stronger with the screeners' educational serie one more time (#daft #punk #private #joke)
We don't have to wait for TradingView to allow screener based on custom indicator - we can build our own ^^
I - Long Terms concept
I had the idea from @scarff.
I think it's genius and I use this long terms level in my trading across all assets.
The screener, in particular, analyzes whenever the price breaks out a weekly/monthly/quarterly/yearly level on candle close .
Triggering events on candle close = we get rid of the REPAINTING = we remove the fake signals (in that case the fake breakouts).
The candle close is based on the close of the current chart => if the chart displays candlesticks on the weekly timeframe, then the considered close will be the weekly close.
If in daily timeframe, the close will be .............................. 4h (#wrong)..... kidding :) .............. DAILY obviously
II - How did I set the screener
The visual signals are as follow:
- square: breakout of a high/low weekly level
- circle: breakout of a high/low monthly level
- diamond: breakout of a high/low quarterly level
- flag: breakout of a high/low yearly level
- dash: none of the above
Then the colors are:
- green when bullish
- red when bearish
- orange/dash when none of the above
Cool Hacks
"But sir... what can we do with only 3 instruments for a screener?" I agree not much but...
As said previously... you can add multiple times the same indicator on a chart :)
Wishing you all the BEST trading and.... wait for it... BEST weekend
Dave
FXN - Week and Day SeparatorThis is a simple indicator that marks the start of the week with a vertical line that help with identifying weekly cycles. This indicator also allows the user to show daily session breaks, which is turned off by default. This additional feature was introduced as when using the default Session Breaks from within Trading View, the line that appears at the start of the week conflicts with the weekly separator and can distort the clarity of the weekly separator.
One usability aspect that is key to understand with this indicator is that the chart scale option must be set to "Scale Price Chart Only", otherwise when switching between symbols the charting view fits all data to the screen and the candle seem to have collapsed as a greater price range is displayed. This seems to be a limitation of when displaying a vertical line, with the extend.right principle is used.
To change the scale of a chart, right-click on the price axis and choose "Scale Price Chart Only", rather than "Auto (Fits Data To Screen)".
Stochastic binary option styleUsing Time Frames For Trend – You can also use different time frames to determine trends with stochastic. To do this you will need to use two different time frame charts, I like to use the weekly/daily or daily/hourly combination depending on the asset. Weekly/daily works well with stocks and indices while I prefer the shorter time frame for currency and commodities. This is how it works; stochastic on the longer term chart sets trend, stochastic on the shorter term chart gives the signal. If, on the weekly chart, stochastic is pointing up then you would trade bullish signals on the daily charts. Or if using the daily/hourly combo the stochastic on the daily would set trend while signals would come from the hourly chart.
Green color bar and background means k is > d, the crowd is bullish (trend is bullish, a bullish crossover is happened), red is the contrary (bears are the leaders)
Credit to Michael Hodges
EasyBee59 v2.0EasyBee59 v2.0 for TradingView does tedious CC59 counting in your investment chart for you automatically. It then print out positive and negative numbers for each price bar. It also creates respectable support and resistance (SNR) levels based on CC59 counting results. In addition, it can print out reminders about important parameters that are happening so that you would not forget to consider them before placing trade orders. Smart phone and PC notifications of events occurring in the chart can be sent to you by server-side alerts so that you don't have to stay in front of the screen all the time.
Tools:
* Print CC59 numbers (Positive series from +1 to +23, negative series from -1 to -23).
* Draw +9 SNR and -9 SNR (Orange and sky-blue support and resistance levels created at count +9 and -9).
* Print K50% (Stochastic14-1-3 value crossing 50%).
* Set mySMA length (Default 10).
* Draw mySMA line (Increasing yellow / decreasing pink).
* Draw SMA13 line (Increasing green / decreasing red).
* Use Gap Finder (Find locations in chart where price bars are not touching or orverlapping).
* Use Max/Min Finder (Find price bars with max/min price among its nearest neighbours).
* Use K-Max/K-Min Finder (Find local max/min points of stochastic14-1-3).
* Use CAH Finder (Find Close Above High where the bar close above the high of its previous bar).
* Use CBL Finder (Find Close Below Low where the bar close below the low of its previous bar).
* Draw -D High/Low levels (High and low price of the previous day).
* Draw D-Open level (Open price of today).
* Set mySession (in NY time) (Default from 8 pm to 2 am).
* Paint mySession (Brown background during mySession time interval).
* Server-side alerts (Notify you on smart phones and PCs of events occurring in the chart such as "K-Max", "K-Min", "K50%", "New SNR","Hit SNR", "Gap", "Max", "Min", "CAH", "CBL", "mySMA up", "mySMA down", "SMA13 up", "SMA13 down", "Hit mySMA", "Hit -DH", "Hit -DL", "Hit D-Open" and "Hit SMA13").
Example utilizations of tools:
Trading The Nine:
After a long series of negative counting (done automatically by EasyBee59 v2.0) in a daily chart of BABA ended with a +1 price bar and closed above a downward pink mySMA5 line, a buy order could be placed in the +2 bar. Profit taking could be done in the +9 bar.
Trading The SNR:
After IPO in May 2012, weekly price of FB declined from the peak of 45 USD down to the bottom of 17.55 USD. Fibonacci projection of this correction with a ratio of 1.628 pointed to 61.96 USD. In April 2013, EasyBee59 v2.0 automatically created a new -9 SNR (support and resistance at -9 count) level in sky-blue. The price tightly went side-way just under this -9 SNR level for six weeks before it obviously broke upward. A buy order could be placed in the next bar. Profit taking could be done at the pre-determined price of 61.96 USD.
Trading The K50:
During a downtrend, an hourly chart of AAPL made a resistance point of 204.75 USD on 3rd August 2019. The price went down until the value of stochastic(14,1,3) recovered from below 20% up to 50%. At this point EasyBee59 v2.0 automatically printed "K50%" label. A buy order could be placed in the next bar and profit taking could be done at the pre-determined price of 204.75 USD.
Trading The Gap:
After failed to pass above an orange +9 SNR level, weekly BAC price jumped down leaving a unclosed gap at 16.83 USD. The unclosed gaps are often price targets for institutional traders. They could be located easily by EasyBee59 Gap Finder tool. After the value of stochastic(14,1,3) recovered from below 20% and the price managed to close above mySMA5 line. A buy order could be placed in the next bar and profit taking could be done at the pre-determined gap-closing price of 16.83 USD.
Trading SMA colors:
After IPO, PLNT weekly declined from a peak of 20.68 USD down to a bottom of 13.23 USD. During the downtrend, a pair of mySMA10 / SMA13 of pink / red colors was created automatically by EasyBee59 V2.0. Once the SMA pair change their colors to yellow / green, a buy order could be placed in the next bar and profit taking could be done at the IPO peak of 20.68 USD.
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The source code of EasyBee59 v2.0 for TradingView is protected. Only invited TradingView members can access and use this script.
Lifetime invitation access to this script cost 100 USDs (free future upgrades and online supports). Paypal, bank transfer and bitcoin payments are welcome.
For more informaton please contact the author (DrGraph or Nimit Chomnawang, PhD) via TradingView private chat
or in the comment field below.
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How to install the script:
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*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Remove older version of the script by clicking on the "X" button behind the indicator line at the top left corner of the chart window.
*Open a new chart at and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "EasyBee59 v2.0".
*Right click anywhere on the graph, choose "Color Theme", the select "Dark".
*Right click anywhere on the graph, choose "Settings".
*In "Symbol" tab, set "Precesion" to 1/100 for stock price or 1/100000 for forex and set "Time Zone" to your local time.
*In "Status line" tab, uncheck "Indicator Arguments" and "Indicator Values".
*In "Scales" tab, check "Indicator Last Value Label".
*In "Events" tab, check "Show Dividends on Chart", "Show Splits on Chart" and "Show Earnings on Chart".
*At the bottom of settings window, click on "Template", "Save As...", then name this theme of graph setting for future call up such as "DrGraph chart setting".
*Click OK.
For free TradingView plan, you can add two more indicators to the chart. That means you may add Stoch and Vol indicators with same parameters as those setup in EasyBee59 to your graph. DrGraph regularly publishes his educational ideas on using features provided in EasyBee59 for profitable investments. You can follow him for how to use the tools in trading stocks, forex, and crypto currencies.
Ultimate Moving Average Package (17 MA's)Included is the:
VWAP
Current time frame 10 EMA
Current time frame 20 EMA
Current time frame 50 EMA
Current time frame 10 SMA
Current time frame 20 SMA
Current time frame 50 SMA
Daily 10 EMA
Daily 20 EMA
Daily 50 EMA
Daily 50 SMA
Daily 100 SMA
Daily 200 SMA
Weekly 100 SMA
Weekly 200 SMA
Monthly 100 SMA
Monthly 200 SMA
All Daily/Weekly/Monthly MA's can be seen on intraday charts. Current time frame MA's change depending on your time frame. Obviously you dont need all 17 on your chart but you can pick the ones you like and disable the rest.