We present you with our selection from the open-source indicators published this month on TradingView. These scripts are the ones that caught our attention while analyzing the two thousand or so scripts published each month in TradingView's Public Library, the greatest repository of indicators in the world. If we missed any, please let us know. Most of these scripts were selected on the basis of their potential to be useful in trading; others will be more useful to Pine coders.
This superb body of work constitutes unmistakable proof of the liveliness, ingenuity, and relentless creativity of the generous traders/programmers who not only give their time to write amazing scripts, but share their code with the world. Kudos to these very special humans.
Fancy Triple Moving Averages [BigBitsIO] BigBitsIO creates a rare MA script bringing something original to the Library. His MAs can be calculated from different chart types, among other goodies such as forecasting. tradingview.com/script/7emR6ckb-Fancy-Triple-Moving-Averages-BigBitsIO/ ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
LUBE We rarely include strategies in our list because authors rarely show realistic results, but the logic used in this script by Jomy was compelling and original enough for us this time. tradingview.com/script/i9tJOtjl-LUBE/ ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
Fearzone Panel kruskakli presents an indicator of Swedish origin that attempts to identify areas where trader fear has taken over. tradingview.com/script/MC8mXGlm-Fearzone-Panel/ ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
Dynamic Money Flow RezzaHmt publishes an adapted version of the Chaikin Money Flow Index with improvements he explains well and make sense to us. tradingview.com/script/c7z3p2xh-Dynamic-Money-Flow/ ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
Gap Filling Strategy alexgrover presents a gap-based strategy with his usual rigor. It's refreshing to see an author who understands backtesting and the inherent incompleteness of single test runs presented on a single symbol/timeframe pair with a given set of parameters. Accordingly, Alex goes through the results of a few different test runs with the objective of, rather than finding the one with the splashiest results, understanding the characteristics of his strategy. We wish more strategies were presented this way by authors. tradingview.com/script/ghocsiv7-Gap-Filling-Strategy/ ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
Yield Curve Percent Inverted nj_guy72 publishes an indicator analyzing inverted T-Bond yield spreads. They normally indicate a relative lack of confidence in the short-term vs the long-term outlook, which in turn can predate recessions. tradingview.com/script/IQq6B3Pk-Yield-Curve-Percent-Inverted/ ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
[e2]Absolute Retracement Clear code and impeccable visuals are e2e4mfck's trademark. This publication is no exception. It includes many options to calculate and display SR levels. tradingview.com/script/X87V5IBs-e2-Absolute-Retracement/ ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
Pivot Point Supertrend LonesomeTheBlue's original take on SuperTrend. It's using weighted past pivots to determine starting levels and calculations aimed at keeping traders in trends longer, so more generous than the usual SuperTrend. It also has a slew of options to help traders, including SR levels. tradingview.com/script/L0AIiLvH-Pivot-Point-Supertrend/ ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
Bar Balance [LucF] LucF mines up/down/neutral intrabars and calculates their balance to show the strength of price movements. tradingview.com/script/lcgCwWwI-Bar-Balance-LucF/ ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
█ CODER UTILITIES
Nth-Occurrence Custom barssince() Function by Cryptorhythms [CR] Aha moments are what make progress possible. theheirophant brings Pine coders one of those moments with this function that allows you to get the number of bars since the nth occurrence of an event. tradingview.com/script/lfp742sn-Nth-Occurrence-Custom-barssince-Function-by-Cryptorhythms-CR/ ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
Function Highest/Lowest by PeterO Peter_O publishes functions allowing coders to get the highest/lowest values since a condition occurred. tradingview.com/script/Ms4jidwk-Function-Highest-Lowest-by-PeterO/ ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
Heikin-Ashi Source Function allanster has a history of pumping out great little snippets you will see reused all over the place. We'll bet on the usual outcome for this one. tradingview.com/script/HtNYMuBO-Heikin-Ashi-Source-Function/ ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
Z-Histogram alexgrover presents a Z-Score histogram that is not only useful, but is also an exercise in conciseness, in typical alexgrover fashion. tradingview.com/script/cO2OHQRp-Z-Histogram/ ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
[RESEARCH] Symbol Info Helper This helper code by everget shows the breadth of information now available on symbols in Pine, but also demonstrates an efficient and elegant way of handling label code to display an information panel. We somehow missed this in March. tradingview.com/script/Os0K9RvL-RESEARCH-Symbol-Info-Helper/ ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
@davidvm, Coming. Moderators will soon be tagging scripts in a few different categories that will provide traders with Editors' Picks of a few different flavors.
Thanks for adding me to the best scripts of the month :), I added some new features to the oscillator. It now shows when crosses above or below the midline, upperline, and lowerline happen!
IjazHangu123
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How to add this indicator
PineCoders
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@IjazHangu123, This isn't an indicator; it's a list of indicators. To use one of them, you need to click on it's chart and then add it to your chart.
J-Streak
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Thanks for including me in the group, lots of awesome stuff in here!
Congrats to everyone selected this month!