A probability cone is an indicator that forecasts a statistical distribution from a set point in time into the future.
Features
Forecast a Standard or Laplace distribution.
Change the how many bars the cones will lookback and sample in their calculations.
Set how many bars to forecast the cones.
Let the cones follow price from a set number of bars back.
...
NOTICE:
First thing you need to know, it "DOES NOT" reflect the price of the ticker you will load it on. THIS IS NOT AN INDICATOR FOR TRADING! It's a developer tool solely generating random values that look exactly like the fractals we observe every single day. This script's generated candles are as fake as the never ending garbage news cycles we are often force...
This script is a drawing tool which allows users to draw XABCD on the chart and script will tell whether there is any harmonic patterns on the drawings made. The script is based on interactive inputs and requires users to chose XABCD points.
Please note
This is not a scanner and it will not scan historical bars for harmonic patterns. This needs to be used...
Introduction
The Median Convergence Divergence (MCD) is a derivative of the Moving Average Convergence Divergence (MACD). The difference is the change in the use of the measure of central tendency. In MACD, moving average (mean) is used, whereas, in MCD, the median is used instead. The purpose of using the median is to eliminate the outlying values, which would...
This is my take in Head & Shoulders (regular H&S)
The script will wait until a valid point E is found, which means A, C and E are alined
Then it will find the highest point between C - E -> Head (= D),
together with the highest point between A - C -> Left Shoulder (= B)
After this, the pattern is drawn, together with a 'trigger' area (E-G - E'-G' ~ 'Right...
This is a version of Stephen J. Klinger's, Klinger Oscillator (sometimes called Klinger Volume Oscillator). I've changed virtually nothing about the indicator itself, but added some lookback inputs for the EMAs the oscillator is derived from (traditionally 34 and 55), and added a few other things, as is my wont.
But what is the Klinger Oscillator? Essentially,...
Average Lines
This script beholds several new exiting Pine stuff:
- linefill, fill of line.new
- last_bar_index, gives the bar_index of the last bar, already at the beginning of the script! (like 'timenow', but now with bar_index)
The script is about pivot points, if there is one, it draws a line from the last to every previous one, then it extends this line to...
The new and improved Support & Resistance Zones indicator is here. This indicator is based on high volume at fractal lows or fractal highs with the zones based on the size of the wick for that timeframe’s candle.
This helps traders visualize which price levels are of the most significance for either reversals or continuation of the trend when zones are broken and...
Earnings Per Share (EPS) is a financial metric closely monitored by investors. The so-called "positive earnings surprise" - a situation when EPS reading for a stock beats the value forecasted by analysts gives a bullish signal for this stock. The EPS reading lower than the analysts' estimate gives a bearish signal.
The Diluted Earnings Per Share (Diluted EPS)...
This is a supertrend with slight twisted concept which can be very benefecial in strong trending markets to reduce stop loss distance and exit slightly quicker.
⬜ Concept
▶ When the instrument is trending up, regular ATR shows high values if there are big green candles. This affect the stoploss distance in regular supertrend which leads to wide stops or delayed...
The RedK Auto-Stepping Ladder Trader is an experimental tool to help identify trade entry and exits for various types of trades (Trend / Momentum / Breakout and Swing trades)
The underlying concept here is loosely similar to the SMAC script - in case you'd like to read some of the "script-specific" write-up . I even borrowed some of the SMAC code, but upgraded...
Key Levels Aims to capture 3 of the most significant points in price action
Breakouts
False Breakouts (Traps)
Back Checks
These 3 points alone, if properly identified, can be some of the most significant points of movement in the price history of an asset and bring significant gains to traders, if capitalized on. Here are a few examples of these...
█ OVERVIEW
Presented here is code for the "Directional Movement w/Hann" indicator originally conceived by John Ehlers. The code is also published in the December 2021 issue of Trader's Tips by Technical Analysis of Stocks & Commodities (TASC) magazine.
Ehlers continues here his exploration of the application of Hann windowing to conventional trading...
█ OVERVIEW
After reading all the new names and renames that Pine Script V5 brought to us, I knew that my old Notepad++ User Defined Language (UDL) would need a big update, so I decided to do a complete remake using the same Dark color scheme theme of the Pine Editor.
Then, I create a Notepad++ Theme and the Auto-Completion file with the Parameter hints for...
Hello All,
This script gets OHLC values from any security and Higher/Same time frame you set, then creates the chart including last 10 candles. it shows Symbol name, Time Frame, Highest/Lowest level of last 10 candles and Close Price at the right side of the chart as well. Closing price text color changes by the real-time candle of the related symbol and time...
Generates Range & EQ levels and removes duplicates. Prioritizes by higher timeframe for duplicates. For example, on Monday's open, weekly open is displayed while daily open is hidden automatically.
The augmented Dickey-Fuller test (ADF) is a statistical test for the tendency of a price series sample to mean revert .
The current price of a mean-reverting series may tell us something about the next move (as opposed, for example, to a geometric Brownian motion). Thus, the ADF test allows us to spot market inefficiencies and potentially exploit this...
Experimental:
Uses Kadane's max subarray sum algorithm to find the largest impulse within a window and draws Murrey's math lines based on that impulse.
![TSLA: Diluted Earnings Per Share Signal [AstrideUnicorn]](https://s3.tradingview.com/t/ToaTQAbG_mid.png "Diluted Earnings Per Share Signal [AstrideUnicorn]")
