This is experimental model for 15 min chart .
first is upper and lower border in gray =upper or resistance line
black line = support line
this similar in concept to darvas box but I use instead open and close instead high and low
next is open close high and low candels in red and lime to see the opening and closure with color to direction of the trade
This nice script combine VWAP band and trend/forecast system based on it
/ode for band take from linear regression script from pine script manual and adopted to VWAP
Trend lines based on VWAP and forecast using Alex grover method with his approval for script
Together it a great too for...
The strategy uses the price channel indicator. In the chart, the price channel is displayed in black lines. Offset 1 candle to the right for clarity. The red line is the middle of the price channel.
You must use market stop orders.
If the price is higher than the top black line, open the long position (and close the short position)
Technical analysis make often uses of classical statistical procedures, one of them being regression analysis, and since fitting polynomial functions that minimize the sum of squares can be achieved with the use of the mean, variance, covariance...etc, technical analyst only needed to replace the mean in all those calculations with a moving average,...
Introducing A New Calculation For Efficient Bands Calculation !
Here it is ! The Recursive Bands Indicator, an indicator specially created to be extremely efficient, i think you already know that calculation time is extra important in algorithmic trading, and this is the principal motivation for the creation of the proposed indicator. Originally described in my...
This is the strategy for Super indicator
in reality we bet buy and sell signal on the info panel when its in open ,and it test result TV always put 1 candle after close
so this screw up the results for this indicator
for shorter tf increase Piz level to best fit, for longer tf you need short piz
This is just attempt to make the Bollinger with the MTF function better for finding low or high
I set the TF to 720, you can adjust it to you your liking
the Bollinger mean is slightly calculated different
I think if we add more indicators to this template maybe we can improve it
Hope you're all doing well 😘
Today I feel gracious and decided to give to the community. And giving not only an indicator but also a trading method
This trading method shows how a convergence based on moving averages is tremendous
Multicolour Bollinger Bands indicator that indicates market phases.
It plots on the price chart, thanks to different...
This is a Fibonacci Retracement indicator based on Pivots.
The Fibonacci lines are always drawn between the LAST High Pivot (Red Triangle Down) and the LAST Low Pivot (Green Triangle Up)
Every time a new High or Low Pivot is found, the Fibonacci lines changes.
"RightBars" & "LeftBars" from Pivots are kept the same > "Bars"
In this example (BTCUSDT) the "Bars"...
Very busy preparing a few stuff for Black Friday but wanted to remind that I still know Pinescript and how to step up my game :)
My master @RicardoSantos once again showed me how to push the pinescript limits one step/dimension further. Kudo also to my client (Judy) for this amazing idea.
I inspired myself from his script...
This indicator try to find trends more accurate
So first step is to make candle MTF and to find the average of high and low of the MTF candle. I think a ratio of 4/1 is good .
so this seen in the lime /red line
after we take this line and transform it to linear regression type . I use here 50 candle size seen in blue line
if close are above the blue line then we...
A centerline/non-chart indicator version of Everget's Supertrend script for use in NNFX-style indicator setups, with the emphasis on this indicator NOT adding visual clutter to the main charting area with a baseline indicator already present.
This is literally the EXACT same script as Everget's Supertrend, but not drawn on the chart and with the fill/stop and...
The "AC-P" version of jiehonglim's NNFX Baseline script is my personal customized version of the NNFX Baseline concept as part of the NNFX Algorithm stack/structure for 1D Trend Trading for Forex. Everget's JMA implementation is used for the baseline smoothing method, with optional ATR bands at 1.0x and 1.5x from the baseline.
NNFX = No Nonsense Forex
The estimation of a least squares moving average of any degree isn't an interesting goal, this is due to the fact that lsma of high degrees would highly overshoot as well as overfit the closing price, which wouldn't really appear smooth. However i proposed an estimate of an lsma of any degree using convolution and a new sine wave series, all the...