Tribute to David PaulI made this indicator as a tribute to the late David Paul .
He mentioned quite a lot about 89 periods moving average (especially on 4h), also the 21 and 55.
I put up some entries when three ma are crossed by price in the same direction, bull/bear backgrounds and a color code for candles because who doesn't love the feeling of a lasting trend.
To be more specific :
The indicator plots sma21, sma55, sma89 and AMA = (sma21+sma55+sma89)/3
When the closing price crosses the highest of the 3 sma, it is considered a bullish confirmation.
At this moment two lines appear, one on the bottom of the candle that crossed, one on the crossing point.
The lowest line can be used as the stop loss value of a long.
The highest line can be used as an entry point for a long.
When the closing price crosses the lowest of the 3 sma, it is considered a bearish confirmation.
At this moment two lines appear, one on the top of the candle that crossed, one on the crossing point.
The highest line can be used as the stop loss value of a short.
The lowest line can be used as an entry point for shorts.
When the closing price is above AMA, it is considered a bullish confirmation.
At this time a blue background appears at the crossing point.
The highest line can be used as the stop loss value for a long.
The starting point of the background can be used as the entry point for a long.
When the closing price is below AMA, it is considered a bearish confirmation.
At this time a red background appears at the crossing point.
The highest line can be used as the stop loss value for a short.
The starting point of the background can be used as the entry point for a short.
When the price is above 3 sma the candles turn blue. Signifying an upward trend.
When the price is below 3 sma the candles turn red. Signifying a bearish trend.
When the price is neither simultaneously above nor below the 3 sma, the candles are gray and the background linked to AMA becomes less vivid. Meaning a loss of vitality of the current trend or an absence of a clear trend.
Ideally, you should take a position towards "Real Long/Short Entry", set your stop loss towards "Ideal Long/Short Entry", and close the trade either when the background ends (riskier but more potential), or when the candles become gray (more conservative but noisier).
In the inputs, you can modify the display rules (explained in the tooltips), by default everything is displayed.
Overlay
External Indicator Analysis Overlay | Buy/Sell | HTF Heikin-AshiThis chart overlay offers multiple candlestick display options. The Regular (Japanese) and the Heikin-Ashi candles are well known. The Mari-Ashi (or Renko) option is something special as it should be timeframe independent, so that sideways action should be represented in one candle. That is difficult to realize as an overlay on the normal candlestick structure, but perhaps the chosen implementation is useful nonetheless. The Velocity option is experimental and is designed to show if the price has accelerated too much in a trend direction. In this case, the highs and lows do not reflect the actual highs and lows, but indicate the overshooting velocity. The opening of the candle also depends on the inherent velocity, but the close of the candle is always the actual close. Anyway, it doesn't look very useful, but the option is there.
All options can be applied to higher timeframes. A usable setting is obtained by disabling only the body of the TradingView candles in regular mode and enabling this overlay.
A large part of this overlay consists of buy/sell indication settings. For activation it is necessary to select an external source. For example the “Relative Bi-Directional Volatility Range”, specifically the Trend Shift Signal (TSS). This signal switches from 0 to 1, if the trend becomes bullish or from 0 to -1, if the trend becomes bearish. It will be automatically detected without specifying the Indication Type. Alternatively, the Volatility Moving Average (VMA) would meet the requirements for the Indication Type “Buy = positive | Sell = negative”. The Moving Average Convergence Divergence (MACD) also fulfills these conditions. Another example is to use any Moving Average with the Indication Type “Buy = rising | Sell = falling”. In the chart above the Hull Moving Average (HMA) is used. In addition, it is possible to reverse the signal, so that positive signals become negative and vice versa. The signals will be labeled as Buy or Sell on the chart.
The user can analyze whether the provided signals are good or bad indications for going long or short or simply for rebalancing a portfolio. Therefore, it is possible to set a starting point for the analysis and choose a weighting for the investments from 0% to 100% of the portfolio. To avoid sleepless nights, a very reliable (and conservative) setting seems to be Rebalancing with 50% (very similar to the well-known 60/40 portfolio). The calculation results are shown in a table.
As a small addition there is the possibility to label the peaks by setting the distance between the highs/lows. This will make the quality of the buy and sell signals even more clear.
Volume Change Indicator 0.1 [PATREND]
(Volume Change Indicator)
It is an analytical tool that studies the trading volume and its changes.
This indicator uses the Simple Moving Average (SMA) to calculate the average volume for a specific period of time.
Only candles that meet the required conditions are determined when the trading volume is greater than or equal to the calculated average.
This means that the indicator identifies a volume candle only when there is a significant change in trading volume compared to the average.
This indicator is distinguished from other similar indicators in that it allows the user to determine the required percentage of change as an additional condition for determining the volume candle.
If the conditions are correct, the indicator will display a diamond below the candle that meets the requirements specified by the user.
The indicator also displays lines above and below the candle and places "A" and "B" marks next to them to determine the start and end points.
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(Volume Change Indicator)
It is a useful analytical tool for traders who rely on volume analysis strategies in their trading decisions.
This indicator helps traders identify important volume candles and search for trading opportunities more accurately.
Traders can use this indicator to determine trends and search for potential entry and exit points.
The indicator helps determine when there is a significant change in trading volume compared to the average, indicating a possible change in direction.
In general
This indicator benefits traders who use volume analysis strategies in their trading decisions and who want additional information about trading volume and its changes.
It can also be used for all markets and on different time frames.
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Settings:
1. The user is allowed to determine whether they want to display the indicator through the "Show Indicator" box.
2. The user is allowed to determine the required percentage of change through the "Percent Change" box.
3. The user is allowed to determine the type of candles they want to display (Bearish, Bullish, both) through the "Candle Type" box.
4. The user is allowed to calculate the average candle volume using the "Average Vol" box.
5. The user is allowed to determine the length of lines and number of lines they want to display through "Max Lines" and "Line Length" boxes.
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We hope you find (Volume Change Indicator) useful in your analysis.
Feel free to try this indicator and customize its settings to meet your trading needs.
We look forward to seeing your opinions and comments on this indicator.
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(Volume Change Indicator)
هو أداة تحليلية تعمل على دراسة حجم التداول وتغيراته.
يستخدم هذا المؤشر متوسط الحجم المتحرك (SMA) لحساب متوسط الحجم لفترة زمنية معينة.
يتم تحديد الشموع التي تلبي الشروط المطلوبة فقط عندما يكون حجم التداول أكبر من أو يساوي المتوسط المحسوب.
هذا يعني أن المؤشر يحدد شمعة الكميات فقط عندما يكون هناك تغير كبير في حجم التداول مقارنة بالمتوسط.
يتميز هذا المؤشر عن غيره من موشرات الممثاله بأنه يتيح للمستخدم تحديد النسبة المئوية المطلوبة للتغيير كشرط إضافي لتحديد شمعة الكميات.
إذا كانت الظروف صحيحة، فسيعرض المؤشر ماسًا أسفل الشمعة التي تلبي المتطلبات المحددة من قبل المستخدم.
كما يعرض المؤشر خطوطًا فوق وتحت الشمعة ويضع علامتي "A" و "B" بجانبهما لتحديد نقاط البداية والنهاية.
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(Volume Change Indicator)
هو أداة تحليلية مفيدة للمتداولين الذين يعتمدون على استراتيجيات تحليل الحجم في قراراتهم التداولية.
يساعد هذا المؤشر المتداولين على تحديد شموع الكميات المهمة والبحث عن فرص تداولية بشكل أكثر دقة.
يمكن للمتداولين استخدام هذا المؤشر لتحديد الاتجاهات والبحث عن نقاط الإدخال والخروج المحتملة.
يساعد المؤشر على تحديد متى يكون هناك تغير كبير في حجم التداول مقارنة بالمتوسط، مما يشير إلى احتمالية حدوث تغير في الاتجاه.
In general
يستفيد من هذا المؤشر المتداولون الذين يستخدمون استراتيجيات تحليل الحجم في قراراتهم التداولية والذين يرغبون في الحصول على معلومات إضافية حول حجم التداول وتغيراته.
كما يمكن استخدامة لجميع الاسواق وعلى مختلف الفواصل الزمنية .
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Settings:
1. يُتيح للمستخدم تحديد ما إذا كان يرغب في عرض المؤشر من خلال خانة "Show Indicator".
2. يُتيح للمستخدم تحديد النسبة المئوية المطلوبة للتغير من خلال خانة "Percent Change".
3. يُتيح للمستخدم تحديد نوع الشموع التي يرغب في عرضها (Bearish, Bullish, both) من خلال خانة "Candle Type".
4. يُتيح للمستخدم حساب متوسط حجم الشموع باستخدام خانة "Average Vol".
5. يُتيح للمستخدم تحديد طول الخطوط وعدد الخطوط التي يرغب في عرضها من خلال خانات "Max Lines" و "Line Length".
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نأمل أن تجدواه مفيدًا في تحليلاتكم .
لا تترددوا في تجربة هذا المؤشر وتخصيص إعداداته لتلبية احتياجاتكم التداولية.
نتطلع إلى رؤية آرائكم وتعليقاتكم حول هذا المؤشر.
MF Time Travel (Delay or Forward Charts) by MigueFinanceThis indicator allows you to "Time Travel" aka. delay or advance (or forward) the on-screen chart/indicator as well as well as to do the same with other additional charts that can be configured in the settings.
This might be very useful when comparing with other (or the same) indicator in time, if you consider probably an incoming move based on another time performance.
About the Settings:
The moved in time charts can also be expanded or contracted, as well as they can be moved vertically (offset).
To Delay put positive values on the weeks settings, to Advance put Negative values on the same.
The Expansion or Contraction Factor is simply a multiplier of amplitude so you can multiply by number like 0.5, 2, etc
The Vertical Offset simply moves up and down the indicator.
The Labels will also tell you the number of weeks and years that were changed so as to have a reference, as well as the indicator being used.
3D Engine OverlayThe Overlay 3D Engine is an advanced and innovative indicator designed to render 3D objects on a trading chart using Pine Script language. This tool enables users to visualize complex geometric shapes and structures on their charts, providing a unique perspective on market trends and data. It is recommended to use this indicator with a time frame of 1 week or greater.
The code defines various data structures, such as vectors, faces, meshes, locations, objects, and cameras, to represent the 3D objects and their position in the 3D space. It also provides a set of functions to manipulate these structures, such as scaling, rotating, and translating the objects, as well as calculating their perspective transformation based on a given camera.
The main function, "render," takes a list of 3D objects (the scene) and a camera as input, processes the scene, and then generates the corresponding 2D lines to be drawn on the chart. The true range of the asset's price is calculated using an Exponential Moving Average (EMA), which helps adjust the rendering based on the asset's volatility.
The perspective transformation function "perspective_transform" takes a mesh, a camera, an object's vertical offset, and the true range as input and computes the 2D coordinates for each vertex in the mesh. These coordinates are then used to create a list of polygons that represent the visible faces of the objects in the scene.
The "process_scene" function takes a list of 3D objects and a camera as input and applies the perspective transformation to each object in the scene, generating a list of 2D polygons that represent the visible faces of the objects.
Finally, the "render" function iterates through the list of 2D polygons and draws the corresponding lines on the chart, effectively rendering the 3D objects in a 2D projection on the trading chart. The rendering is done using Pine Script's built-in "line" function, which allows for scalable and efficient visualization of the objects.
One of the challenges faced while developing the Overlay 3D Engine indicator was ensuring that the 3D objects rendered on the chart would automatically scale correctly for different time frames and trading pairs. Various assets and time frames exhibit different price ranges and volatilities, which can make it difficult to create a one-size-fits-all solution for rendering the 3D objects in a visually appealing and easily interpretable manner.
To overcome this challenge, I implemented a dynamic scaling mechanism that leverages the true range of the asset's price and a calculated ratio. The true range is calculated using an Exponential Moving Average (EMA) of the difference between the high and low prices of the asset. This measure provides a smooth estimate of the asset's volatility, which is then used to adjust the scaling of the 3D objects rendered on the chart.
The ratio is calculated by dividing the asset's opening price by the true range, which is then divided by a constant factor (32 in this case). This ratio effectively normalizes the scaling of the 3D objects based on the asset's price and volatility, ensuring that the rendered objects appear correctly sized and positioned on the chart, regardless of the time frame or trading pair being analyzed.
By incorporating the true range and the calculated ratio into the rendering process, the Overlay 3D Engine indicator is able to automatically adjust the scaling of the 3D objects on the chart, providing a consistent and visually appealing representation of the objects across various time frames and trading pairs. This dynamic scaling mechanism enhances the overall utility and versatility of the indicator, making it a valuable tool for traders and analysts seeking a unique perspective on market trends.
In addition to the dynamic scaling mechanism mentioned earlier, the Overlay 3D Engine indicator also employs a sophisticated perspective transformation to render the 3D objects on the chart. Perspective transformation is an essential aspect of 3D graphics, as it provides the necessary conversion from 3D coordinates to 2D coordinates, allowing the 3D objects to be displayed on a 2D chart.
The perspective transformation process in the Overlay 3D Engine indicator begins by taking the 3D mesh data of the objects and transforming their vertices based on the position, orientation, and field of view of a virtual camera. The camera's field of view (FOV) is adjusted using a tangent function, which ensures that the rendered objects appear with the correct perspective, regardless of the chart's aspect ratio.
Once the vertices of the 3D objects have been transformed, the perspective-transformed 2D coordinates are then used to create polygons that can be rendered on the chart. These polygons represent the visible faces of the 3D objects and are drawn using lines that connect the transformed vertices.
The incorporation of perspective transformation in the Overlay 3D Engine indicator ensures that the 3D objects are rendered with a realistic appearance, providing a visually engaging and informative representation of the market trends. This technique, combined with the dynamic scaling mechanism, makes the Overlay 3D Engine indicator a powerful and innovative tool for traders and analysts seeking to visualize and interpret market data in a unique and insightful manner.
In summary, the Overlay 3D Engine indicator offers a novel way to interpret and visualize market data, enhancing the overall trading experience by providing a unique perspective on market trends.
Global Index SMA OverlayGlobal Index SMA Overlay
The Global Index SMA Overlay indicator allows traders to compare the price movements of a chosen stock with a chosen global index by overlaying the SMA of the index onto the stock's price chart.
The indicator supports major global indexes such as the S&P 500, NASDAQ 100, Dow Jones, DAX, CAC 40, FTSE 100, Nikkei 225, and ASX 200.
The indicator normalizes the SMA value by applying the price ratio between the stock and the index, which allows traders to easily compare the relative performance of the stock with respect to the index.
The user can choose the length of the SMA and the index to compare against, making it a versatile tool for a variety of trading strategies.
With the Global Index SMA Overlay indicator, traders can quickly and easily identify trends and potential trading opportunities by comparing the price movements of a stock with a chosen global index.
Transmit signals to overlayThis indicator transmits signals from another indicator panel to the main panel through the chart.
It may be suitable when it is not possible to use the main indicator with the "overlay=true" attribute.
For the script to work, the input signal must be "1" for BUY and "0" for SELL.
Alternative words: transmit signals, send, connect, broadcast, copy signals, duplicate.
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You can change display style:
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You can use alerts:
Daily Number/Trend Reversal IndicatorIndicator identifies potential price trend exhaustion.
Compares this period against the 4th prior period for the condition.
9 periods (or more) with the same condition is an indicator that the trend is ending soon.
Divergence Finder [Multigrain]█ OVERVIEW
This indicator is a divergence finder, designed to be overlayed on top of any oscillator. By utilizing an Exponential Moving Average, rather than built-in pivot functions, this allows for insignificant pivots of the oscillator to be filtered out. Additionally, by sampling more than just the previous oscillator pivot, this allows for divergences to be found that would otherwise be overlooked through other methods.
█ CONCEPTS
Interim Price Threshold
A new metric used when determining valid divergences is the Interim Price Threshold (IPT). The IPT is the maximum percent delta the price is allowed to "poke-through" the divergent line at any given time.
Interim Oscillator Threshold
Similar to the Interim Price Threshold, the Interim Oscillator Threshold (IOT) is the maximum percent delta the oscillator is allowed to "poke-through" the divergent line at any given time.
Dynamic Midline
Commonly a static midline is utilized when determining whether a divergence may be bullish or bearish. By utilizing the built-in percentile nearest rank function, the midline is automatically and dynamically determined based on the previous 250 bars. As a result certain divergences which may otherwise be overlooked will be discovered.
█ SETTINGS
Oscillator Source: The oscillator in which you want find divergences from. Default to a MACD oscillator when unchanged.
Price Source: The price source in which you want to find divergences from.
Moving Average Length: The length of the exponential moving average used when determining the pivot points of the selected oscillator.
█ USAGES
Divergence in technical analysis can indicate a significant bullish or bearish price move. A bullish divergence occurs when an asset's price makes a new low while an indicator begins to rise. A bearish divergence occurs when the price makes a new high but the indicator under consideration makes a lower high.
MTF Fantastic Stochastic (FS+)MTF Fantastic Stochastic (FS+) + Alerts
This chart overlay indicator can signal multiple triple-timeframe Stochastic RSI overbought and oversold confluences directly onto your chart, intended for use as a confluence either for reversal trade entries, or potential trade exits, indicating where price may be probable to reverse.
Features include:
- Primary set of fully configurable triple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought or all oversold at the same time. Enabled by default.
- Secondary set of fully configurable triple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought or all oversold at the same time, with alert option. Enabled by default.
- Also includes standard configurable Stoch RSI options, including k length, d length, RSI length, Stochastic length, etc.
- The default primary MTF #1 timeframes are set to 1minute, 5minute and 15minute. These are highly suitable for low timeframe scalpers trading on charts less than 5 minutes, and can often pin point price reversals.
- The default Secondary MTF #2 timeframes are set to 15minute, 30minute and 60minute. These are suitable for both low timeframe scalpers and considerably higher timeframe traders.
- Optional drawing of background colours and/or ribbon seen at bottom of the chart.
- Fully configurable timeframes, as well as overbought and oversold threshold levels for each individual timeframe. Overbought and oversold thresholds are set to the factory 80 and 20 levels respectively for all timeframes by default.
- Alert features for both MTF #1 and MTF #2 triple-timeframe confluences, including options for alerting overbought and oversold individually, as well as an option for alerting either overbought or oversold in a single alert.
Note: THe features listed above are accurate at the time of publishing but maybe updated or added to in future.
The Stochastic RSI
The popular oscillator has been described as follows:
“The Stochastic RSI is an indicator used in technical analysis that ranges between zero and one (or zero and 100 on some charting platforms) and is created by applying the Stochastic oscillator formula to a set of relative strength index ( RSI ) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold. The Stochastic RSI oscillator was developed to take advantage of both momentum indicators in order to create a more sensitive indicator that is attuned to a specific security's historical performance rather than a generalized analysis of price change.”
How do traders use overbought and oversold levels in their trading?
The oversold level, that is when the Stochastic RSI is above the 80 level is typically interpreted as being 'overbought', and below the 20 level is typically considered 'oversold'. Traders will often use the Stochastic RSI at an overbought level as a confluence for entry into a short position, and the Stochastic RSI at an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the Stoch RSI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the Stoch RSI.
This indicator was originally built as one of a many features included in the RF+ Divergence Scalping System and has been separated into it's own standalone indicator here for traders who do not want the many other features bundled into the original indicator. A number of features that exist in the original were intensive, and also quite niche. Therefore this lightweight single purpose chart overlay indicator offers this versatile feature of the ever popular Stochastic RSI to a wider audience of traders who may add it to various strategies.
RF+ Divergence Scalping SystemRF+ Divergence Scalping System + Custom Signals + Alerts.
This chart overlay indicator has been developed for the low timeframe divergence scalper.
Built upon the realtime divergence drawing code from the Divergence for Many indicator originally authored by Lonsometheblue, this chart overlay indicator bundles several additional unique features and modifications to serve as an all-in-one divergence scalping system. The current key features at the time of publishing are listed below (features are optional and can be enabled or disabled):
- Fully configurable realtime divergence drawing and alerting feature that can draw divergences directly on the chart using data sourced from up to 11 oscillators selected by the user, which have been included specifically for their ability to detect divergences, including oscillators not presently included in the original Divergence for Many indicator, such as the Ultimate Oscillator and TSI.
- Optional on chart table showing a summary of key statuses of various indicators, and nearby divergences.
- 2 x Range Filters with custom settings used for low timeframe trend detection.
- 3 x configurable multi-timeframe Stochastic RSI overbought and oversold signals with presentation options.
- On-chart pivot points drawn automatically.
- Automatically adjusted pivot period for up to 4 configurable time frames to fine tune divergences drawn for optimal divergence detection.
- Real-price line for use with Heikin Ashi candles, with styling options.
- Real-price close dots for use with Heikin Ashi candles, with styling options.
- A selection of custom signals that can be printed on-chart and alerted.
- Sessions indicator for the London, New York, Tokyo and Sydney trading sessions, including daylight savings toggle, and unique ‘invert background color’ option, which colours the entire chart - except the trading session you have selected, leaving your chart clear of distracting background color.
- Up to 4 fully configurable moving averages.
- Additional configurable settings for numerous built in indicators, allowing you to alter the lengths and source types, including the UO, TSI, MFI, TSV, 2 x Range Filters.
- Configurable RSI Trend detection signal filter used in a number of the signals, which filters buy signals where the RSI is over the RSI moving average, and only prints sell signals where RSI is under the moving average.
- Customisable on-chart watermark, with inputs for a custom title, subtitle, and also an optional symbol | timeframe | date feature.
The Oscillators able to be selected for use in drawing divergences at the time of publishing are as follows:
- Ultimate Oscillator (UO)
- True Strength Indicator (TSI)
- Money Flow Index (MFI)
- Cumulative Delta Volume (CDV)
- Time Segmented Volume (TSV)
- Commodity Channel Index (CCI)
- Awesome Oscillator
- Relative Strength Index (RSI)
- Stochastic
- On Balance Volume (OBV)
- MACD Histogram
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose, also when the triple timeframe Stochastic RSI overbought and oversold confluences occur, as well as when custom signals are printed.
Configurable pivot period values.
You can adjust the default pivot period values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action. By default, this indicator has enabled the automatic adjustment of the pivot periods for 4 configurable time frames, in a bid to optimize the divergences drawn when the indicator is loaded onto any of the 4 time frames selected. These time frames and their associated pivot periods can be fully reconfigured within the settings menu. By default, these have been further optimized for the low timeframe scalper trading on the 1-15 minute time frames.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
How do traders use overbought and oversold levels in their trading?
The oversold level is when the Stochastic RSI is above the 80 level is typically interpreted as being 'overbought', and below the 20 level is typically considered 'oversold'. Traders will often use the Stochastic RSI at, or crossing down from an overbought level as a confluence for entry into a short position, and the Stochastic RSI at, or crossing up from an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the Stoch RSI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the Stoch RSI.
This indicator is intended for use in conjunction with related panel indicators including the TSI+ (True Strength Indicator + Realtime Divergences), UO+ (Ultimate Oscillator + Realtime Divergences), and optionally the STRSI+ (MTF Stochastic RSI + Realtime Divergences) and MFI+ (Money Flow Index + Realtime Divergences) available via this authors’ Tradingview profile, under the scripts section. The realtime divergence drawing code will not identify all divergences, so it is suggested that you also have panel indicators to observe. Each panel indicator also offers additional means of entry confirmation into divergence trades, for example, the Stochastic can indicate when it is crossing down from overbought or up from oversold, the TSi can indicate when the 2 TSI bands cross over one another upward or downward, and the UO and MFI can indicate an entry confluence when they are nearing, or crossing their centerlines, for more confidence in your divergence trade entries.
Additional information on the settings for this indicator can be found via the tooltips within the settings menu itself. Further information on feature updates, and usage tips & tricks will be added to the comments section below in due course.
Disclaimer: This indicator uses code adapted from the Divergence for Many v4 indicator authored by Lonesometheblue, and several stock indicators authored by Tradingview. With many thanks.
Improved Z-Score OverlayLast month I published an improved z-score script that goes underneath your chart, which helps to highlight overbought or oversold regimes. It is customizable, and allows changing the periods, whether smoothing capability is desired, whether to use simple or exponential moving averages, and which data source to use (open, high, low, close, ohlc4).
Some individuals may find that it is most useful not only to have the z-score visible underneath their price chart, but have the sigma values clearly visible on the chart itself to determine overbought or oversold levels.
Therefore, this improved z-score overlay script will place the centerline of price on the chart, and +3/+2/+1/0/-1/-2/-3 sigma.
These can be disabled if some values do not want to be shown, and the colors / opacity can be changed.
Additionally, you could also put this into a new pane below your chart and disable all of the +3 to -3 sigma values, and enable the "Z-Score" button. This will allow you to replicate the original Improved Z-Score Script.
If anyone has questions or would like to have any improvements made, let me know :)
- Jim Bosse
Annual Returns % Comparison [By MUQWISHI]Overview
The Annual Returns % Comparison indicator aimed to compare the historical annual percentage change of any two symbols. The indicator output shows a column-plot that was developed by two using a pine script table, so each period has pair columns showing the yearly percentage change for entered symbols.
Features
- Enter date range.
- Fill up with any two symbols.
- Choose the output data whether adjusted or not.
- Change the location of the table plot
- Color columns by a symbol.
- Size the height and width of columns.
- Color background, border, and text.
- The tooltip of the column value appears once the cursor sets above the specific column. As it seen below.
Let me know if you have any questions.
Thanks.
Williams % Range overlay mini plotPlots Williams Percent Range over bought/oversold indicator as a small overlay in top right corner.
De-clutter chart when all you're interested in is the real-time W%R to 'give permission' to enter a trade.
i.e. to remove the Williams %R lower pane from the above chart completely.
~~User Inputs~~
~W%R length
~Number of bars to show (default is last 6 bars)
~Plot offset (horizontal position of the plot; can be negative)
~Line color and thickness
~Show/hide plot title
~~tips~~
~in line 26, edit the multiplier (3*), to compress/expand the vertical size of the plot
Chervolinos_Rob Hoffman_Inventory Retracement Bar_and_OverlayHere is something like a combo from the well known Rob Hoffman (Overlay) Indicator and the Inventory Retracement Bar without any ballast
This really smart strategy with a low risk and a quick profit. I combine this two Indicators to save space.
The first condition is that the orange line and the lime line must be parallel and there is no other line between them because this condition is moving under 45 angle.
The second condition is that the target candles must be below the orange line in the case of the downtrend as we see.
As we see it here in the case of an uptrend should be candles above the orange line and this is logical as we see here.
Sometimes we noticed the appearance of the signal onto the candle but the conditions were not applicable because there is an orange line between the green line and the orange line and this means that the signal is fake.
This candle is also good for entry and we can place a buy order above it but is it beginner, so you must respect the conditions in order to be able to master it very well.
Enter with Confidence all conditions are present a red arrow above the candle and the candle is above the orange line and there are no lines between the lime and
orange line. Yes this is our target the entry-point will be a little above the wicked the candle, that is you will not buy now but it's a price exceeds the weight limit
even slightly, we will buy directly it is hoffman's method. Expected if the price in which resistance occurred which is the resistance represented
by the candlewick will be broken the price for rise up and strongly and if it does not happen you will not lose anything anyway to stop loss and take profit. Try the ratio by 1,5.
This part of this strategy is one of the best trading strategies with a low risk rate and can be used as an initial guide to know the market movement and to enter successful trades.
Let's start correctly. This strategy can be used on any time frame from one minute to one day or even more, but I recommend using it on a 10-minute frame one hour or 30 minutes frame. Here I use the 30-Minute frame.
This strategy is based on two things: Tramp Direction and the inventory retracement bar. Don't worry and don't think about it because all this will be automatic but let's understand some simple terms.
There many arrows in green and red. Please read the discription above.
Please read the following tipps:
To avoid the trend Reversal, try to add one one of the Divergence indicators to your chart.
To avoid entering in a pullback movement as much as possible.
--> Combine it with other indicators <--
Best Regards Chervolino
if there were any typographical errors, please forgive me
Note: Buy/Sell signals using non-standard chart types (Heikin Ashi, Renko, Kagi, Point & Figure, and Range) are not allowed, as they produce unrealistic results
Volume [Educational]Hello All,
This is an educational work and it's developed to show how to write scripts that will work like built-in volume indicator.
We have new features in Pine Script™ Language, such chart.bg_color, chart.fg_color, chart.left_visible_bar_time, chart.right_visible_bar_time and many more. Many Thanks to Tradingview and Pine Team for such great additions!
You can find more information about these new functions here .
How the script works?
- At the first step it calculates how many visible bar on the chart by using chart.right_visible_bar_time and chart.left_visible_bar_time functions.
- Calculates the zero line for the volume
- Finds maximum volume on visible area and normalize all volume values
- Draws volume bars
- Shows volume info as indicator value. in this step it uses chart.fg_color and plotarrow() commands to show the values in optimum color.
In order to place the indicator at the bottom of the chart, Please set Bottom Margin = 0 as shown in the following screenshot:
You can change the volume bar colors optionally.
An Example screenshot with different volume bar colors:
Enjoy!
VWAP With EMAFor those who want the classic Volume Weighted Average Price and Ema on the same overlay.
This script utilizes the same protocols as the VWAP and EMA you currently use. Just frees up an indicator space.
KEEP UP TO DATE
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Join College Town Trade discord for helpful community specializing in trading stocks, options, and crypto.
Our staff consists of a group of college students with 10+ years of combined experience. Collectively we have profited and made well above an average yearly salary while being in college. The community aspect is everything and the team always listens and appreciates feedback. We all earn and learn together. There are free trials in place in order for you to see what it’s all about. These are in place so we can gain your trust and show transparency!
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Overlay Mini Plot(s) of Correlated Asset(s)Overlay a small plot of a correlated asset of your choosing. Shrink/expand, Set vertical and horizontal position, plot multiple mini-plots via duplicate indicators with varied settings.
Plots the last X bars of any asset; including the live candle currently painting
Useful for low time frame trading when you want to see correlated asset price movement right alongside the price movement you're watching.
Useful for quick and simple comparisons; when you don't want the clutter of split screen or multi-pane view.
Useful for backtesting.
Price scale agnostic; just plots the shape of the recent price action, with several optional labels: Asset+timeframe | Live Price | Highest price over X bars | Lowest price over X bars.
Works fine with all the assets i've tested it on.
~~User inputs~~
-number of bars to paint.
-horizontal offset: plot to right X bars or to left X bars
-vertical offset: shift up or down, shrink or expand; by using 2 'spacer' inputs
-color/transparancy of candles and price labels.
-width (pixels) of candle bodies.
-choose to display price labels or not
-choose to display asset label or not
~~Tips~~
--Add several of these indicators; changing the vertical 'Shift/Shrink' settings on each to visually separate them.
--In the above chart or EurUsd, there are three indicators =>> three mini-plots overlaid: DXY, EurGbp and GbpUsd. Using the following settings for Space Above:Space Below: DXY- 0.1:4.5 | EurGbp- 1.8:1.8 | GbpUsd- 4.5:0.1
--the more you add, the more you'll have to vertically shrink the plots
© twingall
Candle Overlay and Change From Open PercentCandle Overlay and Change from Open Percentage
This script is free for all to use was designed to be non-cluttering for those who like their charts clean. This script features two things:
1) An option to allow a candle overlay over the existing stock/security in a charting window.
- By default, the additional candle overlay uses the same ticker you're currently looking at
- By default, the chart resolution for the additional candle overlay uses the same chart resolution as the current charting window you're using
- Please note that if you enable an additional candle overlay for a stock/security that has a wider gap in the stock price between the two different stock/securities, the additional candle overlay may not be visible, due to the big variances in stock price (unless you zoom out to get both charts to fit).
- The benefit to having this feature, is the ability to use a line chart as the primary and the candle chart as the secondary (each overlaying another)
2) An information window showing the percentage change from the market open
- If the market is not currently open, you will see a message, which reads "MARKET CLOSED" and underneath it, the stock/security price from the prior trading day
- If the market is open, you will see a couple of things:
a) The information window will either be green or red and geared towards mostly day traders. This color is based on whether the current price is above or below the market open price. The default color if the current price is at or above market open price is green and the default color if the current price is below the market open price is red. Although, not always the case, you can generally assume if the stock price is above the market open price that the overall trend is generally bullish (but again, not always the case, as there's other varying factors that come into play).
b) There's two lines displayed on the information window and these information automatically changes depending on the color of the information window.
c) The first line that starts with a star symbol begins with the current percentage change/move from the market open price and the secondary number on the same line is either the absolute highest (or lowest) percentage change uncovered during the current trading day. If the information window is green, this percentage number is the highest percentage uncovered. If the information window is red, this percentage number is the lowest percentage uncovered. Please note that nobody knows the absolute highest and lowest price of any particular stock on any particular day; therefore, sometimes the only way to have a better sense of what the absolute highest (or lowest) percentage possible on a stock/security is when the day progresses into power hour and into the market close.
d) The second line that starts with either an UP and DOWN arrow indicates the estimated projected max percentage (again depending on whether the information window is green or red). Please note that this feature is completely experimental and subject to future code changes. If the information window is green, this percentage number guesses what the max percentage change the stock price will go up to. If the information window is red, this percentage number guesses what the max percentage change the stock price will go down to.
e) Please note that the second line which provides the estimated max percentage (either up to down) should not be used as an indicator for your trading, but rather just for entertainment. The estimated percentage max change can auto-adjust itself throughout the day. Stock news, unexpected high trading volume, etc... can cause a stock/security price to exceed (or shortfall) this estimated max percentage.
* Please note that this script is in its early beta stage and there could be bugs. This is being provided as is and the information provided by this script is meant for informational/entertainment purposes only.
RSI OverlayThis is the stock RSI index using the Price as the midline.
It can be useful to view information normally displayed in a second pane overlaid on the price chart. As far as I know, this has not been done for one of the most widely used indicators, the Relative Strength Index.
This can be overlaid anywhere on the chart and every parameter is variable. If you'd like to change the position, the RSI, midline, upper line, and lower line are scaled with a factor "*close/x"
To change the position on the chart, simply change the "X" until you are pleased with the location.
The RSI MA was distracting so I removed it. I also published this indicator including the MA, titled "RSI Overlay with MA."
[_ParkF]HeikinAshi
In the Input menu, the default value of Location is 1, and HeikinAshi can be seen overlapping the candle.
If you modify the Location value, you can overlay it separately with candle to compare.
(In this case, the HeikinAshi value is different from the actual value, so it is recommended to use it to identify the trend.)
Also, if you move HeikinAshi to a new pane, you can use it as an auxiliary indicator at the bottom.
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Input 메뉴에서 Location의 기본값은 1이며, 헤이킨아시를 캔들과 겹쳐서 볼 수 있게 되어 있습니다.
Location 값을 수정하면 캔들과 따로 overlay 시켜 비교할 수 있습니다.
(이 경우 헤이킨아시의 값은 실제값과 다르니 추세 파악을 위해 사용하시길 권장합니다.)
또, 헤이킨아시를 새 페인으로 옮기면 하단의 보조지표처럼 사용할 수 있습니다.
[_ParkF]KDJ_Div(Overlay)KDJ Divergence(overlay)
Does not include KDJ indicator.
This indicator overlays the same divergence signal as the existing KDJ Indicator on the chart.
Uptrend Change Signal = Displayed green triangle below the candle
Downtrend Change Signal = Dispalyed red triangle above the candle
* Don't trade just at the signal
I hope it will help you with your trading.
hope you become rich!
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KDJ 다이버전스
KDJ 지표 미포함.
이 지표는 기존의 KDJ Indicator와 동일한 다이버전스 신호를 차트에 표시합니다.
상승 추세 변화 신호 = 초록색 삼각형 캔들 아래 표시.
하락 추세 변화 신호 = 빨간색 삼각형 캔들 위에 표시.
* 신호만 보고 매매하지 마세요
당신의 트레이딩에 도움이 되었으면 합니다.
부자되세요!
OnBalanceVolume by DGTComparing relative action between price bars and On-Balance Volume (OBV) generates more actionable signals, and plotting OBV on top of price chart alows to visually emphasis the relation between the price bars and OBV.
The On Balance Volume indicator (OBV) is a good metric for measuring buying and selling pressure. Many people believe that buying and selling pressure precede changes in price, making this indicator valuable. The actual individual quantitative value of OBV is not relevant. Instead, traders and analysts look to the nature of OBV movements over time; the slope of the OBV line carries all of the weight of analysis.
* Trend Identification - On Balance Volume (OBV) is useful for identifying or confirming overall market trends, when both price and OBV are moving in the same direction the underlying trend is likely to continue.
* Devrgence - divergence occurs when price movement is not confirmed by the indicator. In many cases, these divergences can indicate a potential reversal
* During a trading range, if the OBV is rising, accumulation may be taking place—a warning of an upward breakout, and coversly if the OBV is falling, distribution may be taking place—a warning of a downward breakout.
Note of caution in using the On Balance Volume
- It is a leading indicator, meaning that it may produce predictions, but there is little it can say about what has actually happened in terms of the signals it produces. Because of this, it is prone to produce false signals. It can therefore be balanced by lagging indicators. Add a moving average line to the OBV to look for OBV line breakouts; you can confirm a breakout in the price if the OBV indicator makes a concurrent breakout
- A large spike in volume on a single day can throw off the indicator for quite a while. For instance, a surprise earnings announcement, being added or removed from an index, or massive institutional block trades can cause the indicator to spike or plummet, but the spike in volume may not be indicative of a trend
This study additionally presents
- Volume Histogram with a Volume Moving Average
- Volume Weighted Colored Bars
Other alternatives where OBV is used as source of creating indicators : RelativeStrength of VolumeIndicators , Neglected-Volume , StochX Indicator of Indicators , etc
As with most indicators however, it is best to use OBV with additional technical analysis tools
Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
