The indicator shows the true color of a bar based on the internal composition on 1 minute timeframe and the final outcome. It uses following parameters of 1minute and current timeframe inputs relative bar close, average volume vs current volume and finally the volume of internal candles. It follows following steps: First, it defines the arrays of high, low,...
FOR STOCKS ONLY. Simply 3 different VWAPs for the pre-market, regular trading session, and the after hours, using session.is_ variables (not sure if they were recently added. Regardless, it would be nice to have a session.isfirstbar_postmarket variable to avoid having to write the code for calculating VWAP instead of simply using a ta.vwap function). Treats all...
Short Description: Visualize multiple SMAs and track percentage differences between them. Long Description: This indicator helps traders visualize multiple Simple Moving Averages (SMAs) on various timeframes and track the percentage differences between them. By showing the percentage differences, traders can quickly understand the relative distance between SMAs,...
This script shows On-Balance Volume adjusted for volume weighted candle body size. This means that the wick lengths, body length, and sell/buy pressure are calculated into percentages of volume that contributed to each. The body volume is the accumulatively tracked across candles to give a more accurate On-Balance Volume that has been traded to achieve the...
This is a script written exclusively for people who are trying to learn Pine Script. PSESS stands for "Pine Script Educational Script Series" which is a series of scripts that helps Pine Script programmers in 2 ways: 1. Learn Pine Script at more depth by an interactive environment where they can immediately see the effects of any change in the pre-written...
This strategy uses the MACD indicator to determine buy and sell signals. In addition, the strategy employs the use of "TrueLevel Bands," which are essentially envelope bands that are calculated based on the linear regression and standard deviation of the price data over various lengths. The TrueLevel Bands are calculated for 14 different lengths and are plotted on...
The indicator collects data from available exchanges based on open interest. The indicators are calculated in the amount of Bitcoin. Below are the tickers of the exchanges that provide the data: - BITFINEX:BTCUSD - BITFINEX:BTCUST - KRAKEN:BTCUSDPERP - BITMEX:XBTUSD - BITMEX:XBTUSDT - BINANCE:BTCUSDTPERP - BINANCE:BTCUSDPERP (due to low volumes and...
No lag, no boundaries, real momentum indicator. Momentum = mass × velocity In trading, this would be: volume × candle size. But due to the huge differences in volumes and volatility in the market, strong momentum crushes (flattens) average momentum, making it unpractical in an indicator. AMI provides a usable and adjustable workaround to this problem. HOW DOES...
This is a divergence indicator that draws regular and hidden divergences based on the Zigzag indicator and RSI indicator. There are two degrees of Zigzag. So, in each Zigzag degree, there are two types of regular divergences and one type of hidden divergence. 👉(The logic is written in case of a bearish regular divergence. The opposite will apply for a bullish...
Library "WebhookJsonMsg" This webhook json message library provides convenient functions for building JSON messages Used to manage automatic transaction orders and positions method buildWebhookJson(msg) Builds the final JSON payload from a WebhookMessage type. Namespace types: WebhookMessage Parameters: msg (WebhookMessage) Returns: A JSON...
Deming regression is a type of linear regression used to model the relationship between two variables when there is variability in both variables. Deming regression provides a solution by simultaneously accounting for the variability in both the independent and dependent variables, resulting in a more accurate estimation of the underlying relationship. In the...
FEATURES: - Detect a 2 or 3 consecutive candlestick pattern. Input the value into the first input value. - Choose the minimum and the maximum amount of pips of the candle that you want to detect. The indicator will detect candles within that pips range and highlight the consecutive pattern - Choose to not use the pips threshold. If disabled the indicator will...
This strategy is a momentum-based strategy that uses the Relative Strength Index (RSI) indicator and a TrueLevel envelope to generate trade signals. The strategy uses user-defined input parameters to calculate TrueLevel envelopes for 14 different lengths. The TrueLevel envelope is a volatility-based technical indicator that consists of upper and lower bands. The...
Using Pinescript to create custom Risk Reward Ratio (RRR) boxes with custom vertical time markers to help traders stay mindful of how long they've been in a trade. //Usage: -Add indicator to chart and you'll be prompted to click three times: -- 1: Choose time (clicking last bar will mark entry as current candle's open). -- 2: Click BOX TOP of RRR box on...
- Overview Volatility patterns detect various forms of indecisive price action, on a larger scale as a compressed range and on a smaller scale as indecision candles. Indecisive and volatility suppressing price action can be thought of as a spring being pressed down. The more suppression, the more tension is built and eventually released as a spike or series of...
Introducing a Powerful Trading Indicator: Chandelier Exit with ZLSMA If you're a trader, you know the importance of having the right tools and indicators to make informed decisions. That's why we're excited to introduce a powerful new trading indicator that combines the Chandelier Exit and ZLSMA: two widely-used and effective indicators for technical...
█ OVERVIEW This indicator is an educational indicator to make pine coders easier to input color code. Color code displayed either in hex or rgb code or both. █ INSPIRATIONS RGB Color Codes Chart Table Color For Pairing Black And White █ FEATURES Hover table cell to see all properties of color such as Hex code and RGB code via tooltip. Cell can be...
Indicator Overview This indicator uses a ratio of Realized Value HODL Waves. In summary, Realized Value HODL waves are different age bands of UTXO’s (coins) weighted by the Realized Value of coins within each band. The Realized Value is the price of UTXO’s (coins) when they were last moved from one wallet to another. RHODL Ratio looks at the ratio between...