[SK] Custom Klinger OscillatorThis Custom Klinger Oscillator allows you to change the time frames for the Force Volume and Signal calculations to use instead of it's default values. Although the default Fibonacci values ( 34, 55 and 13 ) provide exceptional signals, you can now explore using lower Fibonacci numbers and get faster signals for your own adventures in the market.
This indicator adds conditional coloring of the Klinger line when over / under the signal along with a transparent fill cloud between both lines colored by the same condition. You can change colors to your preference on the style configurations.
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Below is more information on the KIinger Oscillator from investopedia:
Interpretations for Price Direction
The Klinger Oscillator is fairly complex to calculate, but it's based on the idea of force volume, which accounts for volume, trend (positive or negative), and temp (based on multiple inputs and if/then statements). Using this data, the oscillator is created by looking at the difference between two exponential moving averages of force volume involving different time frames (typically 34 and 55). The idea is to show how the volume flowing through the securities is impacting its long-term and short-term price direction.
The Signal Line
A signal line (13-period moving average) is used to trigger buy or sell signals. This technique is very similar to signals that are created with other indicators such as the moving average convergence divergence (MACD). While these are the basic signals generated by these indicators, it's important to note that these techniques may generate a lot of trading signals that may not be as effective in sideways markets.
The Uptrend
When an asset is in an overall uptrend—such as when it is above its 100-period moving average and the Klinger is above zero or moving above zero—traders could buy when the Klinger oscillator moves above the signal line from below.
Klinger noted that when a stock was in an uptrend, and then dropped to unusually low levels below zero, and then moved above its signal line, this was a favorable long position to take.
The Downtrend
When an asset is in an overall downtrend, traders could sell or short-sell when the Klinger oscillator moves below the signal line from above. Klinger noted this was especially noteworthy when the indicator had seen an uncharacteristic spike above zero.
The zero line is also used by some traders to mark the transition from an uptrend to downtrend, or vice versa. While such signals won't always agree with price movements, a move above zero helps confirm a rising price, while a drop below zero helps confirm a falling price.
Klinger Oscillator and Divergence
The Klinger oscillator also uses divergence to identify when the indicator's inputs are not confirming the direction of the price move. It's a bullish sign when the value of the indicator is heading upward while the price of the security continues to fall. It is a bearish signal when the price is rising but the indicator is falling. Divergence can be coupled with signal line crossovers to generate trades. For example, if a bearish divergence forms, a sell or short-sell could be initiated the next time the Klinger crosses below the signal line.
Best!
Cvwap-Pvwap 2.0A simple vwap based Intraday trend indicator.
Volume-Weighted Average Price (VWAP) - the average price weighted by volume, starts when trading opens and ends when it closes. This can help institutions buy or sell in large orders, without disturbing the market.
After buying or selling, institutions compare instrument price to closing VWAP values at end of the day.
For big financial institutions;
A buy order executed below the VWAP value, considered a good fill because the security was bought at a below average price.
A sell order executed above the VWAP would be deemed a good fill because it was sold at an above average price.
Simple price based moving average is not helpful for them; = as it doesn't incorporates volume traded. Hence - VWAP :)
So how it helps us in decoding the IntraDay-trend? - Through a 2 day vwap co-relation.
So, Closing value of previous day vwap = Pvwap
Today's running vwap = Cvwap
Defining the IntraDay Trend:
Moderately Bullish = candle closing price above Pvwap but below Cvwap
Super Bullish = Closing price is above both (Cvwap and Pvwap)
Moderately Bearish = Closing price is above Cvwap but below Pvwap
Super Bearish = Closing Price is below both (Cvwap and Pvwap)
A big gap between the Cvwap and the candle closing price defines the strong participation from institutions in that direction. (Strong Trend)
Moving with the smart money, in the overall trend is a wise decision for any intraday trader and this helps at its best.
Double Stochastic in one_PAYDARDouble Stochastic in one_PAYDAR
Hello dear friends;
Double Stochastic in one_PAYDAR function:
It actually means that I have used two stochastic oscillators in one oscillator with several lines in different degrees,
First Stochastic: or "Fast Stochastic", as its name implies, is a stochastic oscillator with fast parameters and is capable of detecting small oscillations and small trends.
Second Stochastic : or "slow stochastic" means a stochastic oscillator with slow parameters and is capable of detecting slightly larger fluctuations and trends.
(Of course, here I just put parameter D, because I did not want it to be crowded.)
*** This system just Suggests you for points. ***
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How to use this system ( just Suggests you) :
Buy: Whenever the first stochastic (fast stochastic ) crosses in the range of 20 or below and moves upwards, and at the same time the second stochastic (slow stochastic ) moves or crosses the green 30 line, a good time To buy or take a long position.
Sell: Whenever the first stochastic (fast stochastic ) crosses in the range of 80 or above and moves down, and at the same time the second stochastic (slow stochastic ) moves or crosses the red 70 line, a good time For sale or short position.
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*** This system just Suggests you for points. ***
My suggestion is not to use this system alone and conclude about entry and exit points according to charts, news, market fluctuations and trend direction.
This system was created by Stochastic Oscillator, which is public and open source on the TradingView site.
***I used the Stochastic Oscillator as a public domain and open source on the TradingView site***
In fast stochastics the values of the parameters are set as fast motion and in slow stochastics the values of the parameters are set as slow motion. In fact, these values of the parameters according to the function and price movement in the candles are fast and slow, and I have determined these values at my suggestion, which, of course, I have consulted with several people.
For easier use and personalization for each person, I have left access to the parameters in this system and you can easily change the parameters as you like and use it optimally for yourself.
Of course, my suggestion is to use the numbers and values of the parameters I have written.
I have put different values, which I think will be very useful for trading swings and even below the daily, but you can change the values of different parameters to your liking.
This oscillator is made of a stochastic oscillator that is open source and public on the TradingView site , of course, due to the changes I have made in the parameter values and the inclusion of two stochastics in one oscillator.
*** In this system, the main and basic oscillators is used, It is available as open source and public on the TradingView site ***
Please comment on the use of this oscillator as well as how to use it and your experiences, I will definitely welcome comments and criticisms.
I am very grateful and very loyal to TradingView ,
Be successful and profitable.
MAST TrendHello Traders !!
This is a simple super trend based MAST trend.
By default the supertrend is 10 period with 3 ATR multiplier.
A moving average is used to benefit from the pullback entries.
Bullish Pullback : Price above Supertrend & below MA
Bullish: Price above Supertrend and above MA
Bearish pullback : Price below Supertrend & above MA
Bearish : Price below Supertrend & below MA
Refer to investopedia or any relevant articles for in detail about Supertrend.
Vwap Pvwap Intraday Trend - NiftyKishoreHello Traders !!
This is a simple trend identification script which is based on the current vwap (Cvwap) and previous vwap (Pvwap).
Pvwap in the sense; previous day vwap closing value.
Bullish: price is closing above the current day vwap and previous day vwap(pvwap).
Bearish : Price is closing below the current day vwap and previous day vwap (pvwap).
Made a change to the barcolors as well :)
Bullish
Green Bar: close is above Pvwap and Cvwap.
Blue bar: close is above Pvwap but below Cwap.
Bearish
Red bar: close is below Pvwap and Cvwap.
Purple bar: close is below Pvwap but above Cvwap.
Simple but effective
Cheers !!
Bjorgum RSIRSI output signals are displayed with color change to reflect the plotted value. This makes evaluating RSI conditions require but a glance.
RSI momentum buy signals are given on the cross of the 50 level, whereas sell signals are given on a fall below.
Default values a 5 period RSI which gives more timely entrances and exits for swing traders. This can be adjusted to the typical 14 period if the viewer desires slower signals.
Bullish and bearish area is shaded to accentuate the signal to the eye.
Excellent results can be found when coupling BJ RSI, with BJ TSI, and the reversal system using all 3 as a complete together simultaneously
Default color changes are plotted as a recorded value falls within the following levels:
RSI < 30 = green
RSI 30-50 = red
RSI 50-70 = blue
RSI 70-80 = yellow
RSI 80-90 = orange
RSI 90-100 = white hot
Bjorgum TSI-This script utilizes simple color changes of the TSI output signals to aid in interpretation of the classic TSI indicator.
-Crosses of the TSI value line and signal line are a bullish or bearish indication. TSI value line is colored green or yellow to help identify that the TSI value line is either dropping or rising, while over or under the signal line.
-This can help anticipate a cross, or significant points in the trend. TSI signal line changes color when rising or falling which can help to identify larger prevailing trends.
-Generally, a rising signal line can be an overall bullish move, while falling more bearish regardless of crosses.
*Resolution function enables multiple overlay for "Multi-timeframe analysis"*
BEST IVFTHello traders
This is a Pine adaptation of this FXCM LUA indicator
Seems to be made mostly for tick data (< 1 min timeframe) and advanced scalpers
Always interesting to see that Pinescript is much easier than most of other trading programming languages out there :)
PS
You might like checking the data window panel from TradingView and mouseover your cursor on the chart. It will update the debug/historical data in real-time
imgur.com
Best,
Dave
BEST Supertrend CCIHello traders
Today I present you a Supertrend not based on candle close but based on a CCI (Commodity Channel Index)
How does it work?
Bull event: CCI crossing over the 0 line
Bear event: CCI crossing below the 0 line
When the event is triggered, the script will plot the Supertrend as follow
UP Trend = High + ATR * Factor
DOWN Trend = Low - ATR * Factor
This is an alternative of the classical Supertrend based on candle close being above/beyond the previous Supertrend level.
Hope you'll enjoy it and it will improve your trading making you a better trader
Dave
CCI Stochastic and a quick lesson on Scalping & Trading SystemsHello traders
Still on holidays but I don't and will never forget you <3
I realize more and more that you guys don't only want some indicators and learn about pinescript. You also want some guidance and get some mentors providing you with comprehensive and simple trading methods and tricks.
I'm against those posting many scripts a day that in the end will make you lose your money because they don't give you the methodology to use them
It might look nice on the charts but we're not here to do some painting.... but to improve our lifestyle right :)
The today indicator is based on an indicator that I used for scalping : Fxcodebase CCI Stochastic
A CCI stochastic is very reactive and allows us to take many scalps trades per day with a few pips/USD gain for each trade. I don't recommend novice traders to use it and I strongly recommend everyone reading my disclaimer below basically saying "I'm not a financial advisor, don't be dumb, stay safe"
(I also recommend the few scripts copy-pasters to read my disclaimer as well)
What's a novice trader, sir? Well... thanks for asking. A novice trader is any trader with less than 5 years of live trading experience
From a pinescript perspective, this script will be however interesting for everyone :)
How to use it?
The indicator gives 3 possible entries for Longs and Shorts:
- Arrows at Enter - Will give signals whenever the Stoch CCI will enter in the BUY/SELL zone
- Arrows at Exit - Will give signals whenever the Stoch CCI will exit the BUY/SELL zone
- Arrows at Center - Signals whenever the Stoch CCI will cross the mid-line (50)
All arrows have different colors because ... painting is cool and nice.... kidding.... it gives clearer and more readable signals on the chart (but painting sir...)
A possible trading method could be to use the 3 modes at the same time to get the maximum of opportunities.
The safer bet is to use the "Arrows at Exit" only mode but for those who want to accumulate more scalping positions, adding the "Arrows at Enter" mode is an option as well. In other words, you accumulate a few scalping positions whenever the Stoch CCI get in the BUY/SELL zone and will stop accumulating whenever it will exit the BUY/SELL zone
You can add a few extra positions whenever the Stoch CCI will cross the mid-line as it often translates in a trend continuation
Life hack
Very important note : (probably the most important gem I shared until now) The inputs set by default will have to be changed for your asset/timeframe and can't be generic for everything. You have to play with the inputs until the signals will make sense to you
The indicator/strategy with a unique configuration that you'll never check or update according to the market condition DOES NOT exit.
If you find such a tool and prove me that you're making constant gains with it over a year, please patent it and then show it to me as I'd like to study it to replicate :) But most likely this is a myth/unicorn
Who I am to say this? Well, I worked in a Bank with real traders and I have a good sense of what works and what will certainly not work
My guru said scalping crypto in 1 second timeframe was the way to get rich quick. Do you agree sir?
But in trading, this is not because you take the maximum of trades possible that your gains will increase. This is the contrary.
There is a strong and proven inverse correlation between the number of trades taken and how fast you'll burn your capital. A swing trader taking 2/3 trades a month is more likely to beat 99% of the scalpers out there trying to predict all market movements. (and I'm not even talking about how dangerous it is to scalp with leverage)
You're starting to know me a bit more right now. I prefer to tell you what you need to hear vs what you want to hear because the second option doesn't allow to stay in the game very long.
I might lose some futures clients along the way by saying that but for my own conscience and ethics, I prefer to warn about the true risks of trading and to select who you listen very carefully (the advice also works for me, if you feel what I said doesn't make sense, this is totally your right but I hope this is because I'm french and not because of the content ^^).
See you tomorrow for another indicator or idea
Love you all
Dave
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Be sure to hit the thumbs up. Building those indicators take a lot of time and likes are always rewarding for me :) (tips are accepted too)
- If you want to suggest some indicators that I can develop and share with the community, please use my personal TRELLO board
- I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies
Jump on a 1 to 1 coaching with me
- You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Disclaimer:
Trading involves a high level of financial risk, and may not be appropriate because you may experience losses greater than your deposit. Leverage can be against you.
Do not trade with capital that you can not afford to lose. You must be aware and have a complete understanding of all the risks associated with the market and trading. We can not be held responsible for any loss you incur.
Trading also involves risks of gambling addiction.
Please notice I do not provide financial advice - my indicators, strategies, educational ideas are intended to provide only some source code for anyone interested in improving their trading
The proprietary indicators and strategies developed by Best Trading Indicator, the object of intellectual property rights are and remain the exclusive property of Best Trading Indicator, at the exclusion of images and videos and texts free of rights or provided by the Company or external legal or physical person.
No assignment of intellectual property rights is carried out through these Terms and Conditions.
Any total or partial reproduction, modification or use of these properties for any reason whatsoever is strictly prohibited without the express written authorization of the Company.
WBCC Main TrendИспользуется для определения движения основного тренда (Long/Short), а так же успешно может быть применен и на более маленьких временных интервалах.
WBCC Level StrategyКраткое описание настройки:
Trend Period - количество свечей для расчета тренда.
WBCC_Level - уровень влияет на быстроту сигнала, чем меньше уровень тем быстрее сигнал появится, чем выше уровень тем меньше ложных сигналов и стабильней входы в Long и Short (рекомендованные параметры - 0.45-0.65)
Рекомендованное использование на Time Frame графика от 1 часа и выше.
BTCUSD PRO STUDYThese are the results calculated automatically by the tradingview system within a year. With an initial $ 5,000 investment and always reinvesting 100% of the capital. Taking in count that each open transaction has a cost of 0.2% on the total order placed on the market.
Study NO REPAINT.
Write me in private chat on Tradinview to my MaxZanotelli profile for a free 7-day trial period.
Best setup
dema fast 17
dema slow 9
resolution 2h
Abramov_V5Improved script Abramov_V4, has notifications
Recommended for binary options
Strategy is on my site
Multicurrency
Timeframe from 1 minute
Volatility - not lower than average
This indicator includes:
1. Bollinger waves 3 levels - incl. / off.
2. Moving averages 2 pieces - incl. / off.
3. Price channel - incl. / off.
4. Support and resistance level per day - incl. / off.
5. Support and resistance level for 120 minutes - incl. / off.
6. Arrows RSI + Stochastic buy / sell
7. Arrows to buy / sell on the price level in the channel
8. Customizable notifications from the indicator, now you do not need to waste time searching for a good entry point, notification comes in advance.
9. The indicator does not redraw!
Any of the indicators is configurable.
The optimal settings are set by default.
This indicator is suitable for several strategies.
Paid subscription to the indicator
When working with this indicator, it is necessary to avoid news and sudden jumps in the market
For additional signal filtering, I recommend:
Abramov_RSI - additional indicator
Abramov Stochastic-RSI - additional indicator
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Улучшенный скрипт Abramov_V4, имеет оповещения
Рекомендовано для бинарных опционов
Стратегия у меня на сайте
Мультивалютный
Таймфрейм от 1 минуты
Волатильность - не ниже среднего
Этот индикатор включает в себя:
1. Волны Боллинджера 3 уровня - вкл. / выкл.
2. Скользящие средние 2 штуки - вкл. / выкл.
3. Канал цены - вкл. / выкл.
4. Уровень поддержки и сопротивления за день - вкл. / выкл.
5. Уровень поддержки и сопротивления за 120 минут - вкл. / выкл.
6. Стрелки RSI+стохастик купить/продать
7. Стрелки купить/продать по уровню цены в канале
8. Настраиваемые уведомления от индикатора, теперь не нужно тратить время на поиски хорошей точки входа, уведомление приходит заранее.
9. Индикатор не перерисовывает!
Любой из индикаторов настраивается.
Оптимальные настройки устанавливаются по умолчанию.
Этот индикатор подходит для нескольких стратегий.
Платная подписка на индикатор
При работе с этим индикатором необходимо избегать новостей и резких скачков на рынке
Для дополнительной фильтрации сигналов рекомендую:
Abramov_RSI -дополнительный индикатор
Abramov Stochastic-RSI -дополнительный индикатор
The best Holy Grail indicator (currently)These have been optimized for the cryptocurrency markets, but also seems to work really well in commodities, futures, and forex. A crossover with the closing is treated as a buy or sell signal. The 4 lines provided have different sensitivities and therefore can be treated in combination or separately. This seems to be highly effective in trending markets as a trend follower, and in a ranging market the signals can pretty reliably be reversed for profit. I made this code private because it is still a work in progress and I am interested in hearing people's thoughts and experiences with it for further developments. This is well on the way to becoming a holy grail!
All the best, happy trading
-mcbw_
FaderThe Fader indicator finds the moment when trends begin to reverse. It locks down a quick profit which makes it very effective. It also calculates if it's better to stay or leave after a day of having opened the position.
Flags tell you when to buy or sell, red triangles indicate losses whereas green triangles indicate earnings. It has been tested with over 15 currency pairs, and has had consistent earnings.
If you are interested in this indicator please write to me at LingenTrade@gmail.com
Fractal Adaptive Moving Average (real one)Ignore the other one (it contains some errors).
On this FRAMA you can play with length, SC and FC.
Just read on below links to understand more about this super useful moving average:
etfhq.com
etfhq.com
www.quantshare.com
