Lag-Less Rainbow RibbonThis is my polychromatic "Lag-Less Rainbow Ribbon" indicator using Pine Script version 4.0. I'm sure you may noticed by now, this indicator is truly an astounding rainbow to witness upon encountering it initially. It's jaw dropping beauty is the first of it's kind on TV, but will continue to shine here, or on your chart, so long as TV exists. This one isn't disappearing into non-existence any time soon.
It's extremely easy to use having only one input() to control the entire ribbon and it's lag. I couldn't make it any simpler to use, and that's one unique yet powerful feature of this elegant indicator. Another unique characteristic of deploying this in rainbow fashion is it provides very clear indications of when and where a significant reversal has occurred. Afterwards, trend direction following a large reversal is quickly established.
This script uses all 64 of the available plottable series TV will allow currently, so adding features to it may be impossible in the future. Yet the cloud handles it with ease and speed I have never encountered in a ribbon indicator before. The Pine Script in this indicator is highly optimized, coming in at a light weight 120+ lines of code, probably contributing to it's efficiency.
Lastly, with this flagship indicator, I included a multi-color "neon source" line to view close, hl2, etc... Any one of the two indicators may actually be enabled/disabled independently.
In the demonstration chart, you will witness the other color schemes available. I provided multiple color schemes for those of you who may have color blindness vision impairments. You may contact me in private, if these color schemes are not suitable for your diagnosed visual impairment, and you wish to contribute to seeing the color schemes improved along with other future indicators I shall release.
I.P.O.C.S.: "Initial Public Offering Clean Start" proprietary technology. Firstly, many of my other indicators already possess this capability. It allows suitable plotting from day one, minute one of IPO, remedying visually delayed signal analysis. It's basically accurate plotting from the very first bar (bar_index==0) on Tradingview. If you don't know what this is, most people don't, go back to the VERY beginning of any stock on the "All" chart and compare it to other similar indicators. What's so special about this? It is extremely difficult to get a healthy plot from bar_index==0 on any platform. However, I have become exceedingly talented performing this feat in most cases, but not all depending on the algorithm. This indicator is a successful accomplishment implementing IPOCS. It's inherent value is predominantly for IPO traders who in the past have had to wait 20, 50, and 150 bars before they obtain a precise indicator measurement for the simplest of algorithms in order to make a properly informed decision to potentially invest in an asset. How is this achieved? It's a highly protected secret of mine... but I will say I rarely use Pine built-in functions at all. When I do, I use them scarcely due to currently existing Pine language limitations.
Features List Includes:
I.P.O.C.S.(Initial Public Offering Clean Start) Technology
Enable/disable dark background for enhanced visibility
One "Lag Factor" adjustment to adjust them all
Color schemes
"Transparency" control
Independent "Source" options
This is not a freely available indicator, FYI. To witness my Pine poetry in action, properly negotiated requests for unlimited access, per indicator, may ONLY be obtained by direct contact with me using TV's "Private Chats" or by "Message" hidden in my member name above. The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section if you do have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I will implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Reversals
[LunaOwl] 反轉模式 (Bollinger %B Reversals)This is a tool using the Bollinger %B and Arnaud Legoux Moving Average (ALMA), it is a reliable tool for trading price action reversals.
腳本使用布林%B和ALMA,是一個可靠的逐棒分析反轉工具。
1. 英鎊兌美元 GBP / USD, 5 min
2. 美元兌日圓 USD / JPY, 5 min
3. 美元兌離岸人民幣 USD / CNH, 5 min
4. 日本 Sosei 生物製藥株式會社 Sosei Group Corporation, 5 min
5. 比特幣永續 Bitcoin for BitMEX, 5 min
6. 瑞波幣兌比特幣 XRP / BTC, Poloniex, 1 hour
7. 比特幣主導比率 Bitcoin Dominance Index, 4 hour
DBT MoMo ShadingThis indicator is an Add on to the DBT MoMo v.4.
Due to a conflict with the Oasis Trading Suite the DBT MoMo Candle Colors had to be turned off for now. To compensate we created a background shading indicator that will shade the same candles as before.
For Access or Questions: Private message us. Thank you.
Reversal PointsIntroduction
This indicator is inspired from the mass index indicator with the goal of telling the user when a trend is about to stop thus highlighting potential reversals.
The Indicator
When the indicator cross under the trigger line the trend is about to stop and may reverse, shorter length will spot shorter terms reversals but a length of 100 is a good value.
Auto-Dispersion BandsIntroduction
A really old indicator as well, thus i have no much ideas of what is going on with it, but i know that those bands returns good reversals points. The indicator don't use standard deviation, instead its a simple differencing of the price and the price length bars back who will provide a dispersion measurement, thus the name auto-dispersion.
The Indicator
The smooth parameter allow the band to cross the price, if smooth is low the chance of crosses are lower.
smooth = 3
Reversal Lines v1.0Lightweight script for manual adding of horizontal reversal lines.
Ability to quickly add and adjust horizontal lines showing key bullish (green) and bearish (red) reversal lines. Values for reversals are manually entered in the settings field of the script.
Market direction and pullback based on S&P 500.A simple indicator based on www.swing-trade-stocks.com The link is also the guide for how to use it.
0 - nothing. If the indicator is showing 0 for a prolonged amount of time, it is likely the market is in "momentum mode" (referred to in the link above).
1 - indicates an uptrend based on SMA and EMA and also a place where a reversal to the upside is likely to occur. You should look only for long trades in the stock market when you see a spike upwards and S&P 500 is showing an obvious uptrend.
-1 - indicates a downtrend based on SMA and EMA and also a place where a reversal to the downside is likely to occur. You should look only for short trades in the stock market when you see a spike upwards and S&P 500 is showing an obvious uptrend.
UJM15ReversalBotThis Strategy is specifically designed to trade on USDJPY intraday reversals on m15 time frame.
Bar Trends & Reversals Emiliano MesaThe most advanced code made by me yet! Simple but extremely useful, based on "Reading Price Charts Bar by Bar" - Al Brooks. This indicator will highlight when the market is trending (green). Highlight reversal bars(red) and also bull/bear traps (yellow). I was not sure if to give away this indicator for free, but here it is.
Hopefully you guys enjoy it!
Interested in your own indicator? Email me here for business inquires : emilianomesauribe2000@live.com
(starting price 100$)
I DO NO TAKE RESPONSIBILITY FOR LOSSES. USE INDICATOR UNDER YOUR OWN MEANS
Pivots High/Low 3bar No Period w/ Signals -Tom1traderwww.tradingview.com
This price action indicator calculated on the relationship of 3 adjacent bars/candles adds an extra dimension to my indicator mix and with
a different perspective can help confirm or question an opinion formed by other indications (volume related, momentum, the chart itself and etc.).
Further, I have traded with it a bit now and like it. So much for comfort - I have seen no clear evidence that the movement of the next bar is paying any
attention to indicators, lines or patterns on charts. They are all based on the same historical data whether that data is run through an indicator algorithm
or used to draw (chart style) on a chart. But they make me feel better about my trades and I prefer them to a coin flip. :-)
Pivot High Definition - (Pivot Low is reversed): A three-bar pivot high represents resistance and is formed when sellers turn price from up to down. It is seen where a price bar with a lower high closes below the previous bar's low, where the previous bar's high is higher than the bar that preceded it.
Read more: Price Pivots Circle Big Profits www.investopedia.com
Follow us: Investopedia on Facebook
I see some n period high/low indicators named pivots. This indicator has no period and is based on the relationship of 3 bars usually referred to as Pivots High Low.
Also no relationship to daily calculated "Pivot Points". As such this is a PRICE ACTION indicator. It works the same on ALL TIME FRAMES.
These pivots sometimes do not occur very often and usually are not at tops or bottoms.
This is why I used a combination of most recent PHs and PLs along with
the price to derive the signal.
Price Action Trend Reversal Prediction V1To use this indicator click on "Add to Favorites". In your chart add it as you would any any other indicator.
Version 1 of this script supports Buy/Long actions.
*** This is a predictive indicator based off previous bars data, not current bars action. There is no such thing as a 100% correct indicator ***
This is based on 9 day consecutive price action.
Each day the criteria is met in a row the green will become brighter.
Once it hits the 9th day the indicator will be bright green with half of it aqua.
If it meets the criteria for a perfect reversal the indicator will be all aqua.
Version 2 will include Sell/Short indication as well.
Downside Weekly ReversalBased on Thomas Bulkowski's top ranking small pattern: the Downside Weekly Reversal pattern.
Add this indicator to your weekly charts.
Blue bars represent weekly reversals and green bars following blue bars indicate an upside breakout. These are to be traded in a Bull market.
Red bars following blue bars indicate a downside breakout. These are to be traded in a Bear market.
More details: thepatternsite.com
B3 Donchian CloudsThis is the Donchian Channel expressed with a percentage cloud. Default 12.5% of the range will be filled at each edge, this helps to show reversal possibilities as price returns to the area between the clouds. This offers a usage to essentially fade the turtle trader system. That system is loosely based on the playing of the breakouts of the the channel... as you can see the that last turtle trade long in YM1! was and is off the charts awesome. I will look for the fall out of the cloud to short the market.
B3 Directional Trend IndexB3 Directional Trend Index ~ All about the trend! William Blau is the designer of this gem, and IMHO it is the best trend finder of all the lagging indicators out there I have tested. It is important to pay attention to the slope and thickness of the line, and its relationship to zero. A reversion to the zero may look momentous, but in fact it could reverse when it reaches mean, only to turn back around. You can see this in March and April of this silver futures daily chart. Makes for a great instrument on anything you consider trendy, like crude oil for example. The default user inputs are set to my liking, as I find them to be great on all charts and resolutions. You may read around to find more about this on the internet, or its mentioned in Krausz's work. Also, imprtant to remember when no trend, trend finders like this sufffer, so be wise as to what market condition you are in. Rangy and within Range = no, On the Move = yes.
B3 ECOBlau's Ergodic Candlestick Oscillator = a decent trend finder, however slightly lagged. It can help you to see a reversal entry if you are looking for one. I find the one line ECO hard to use, so I have created this histogram version with a signal line. The colors help to show you whats going on with the ECO and its bias. This indicator shows up in a couple books by people other than Blau, and namely by Krausz. You can also see divergences, for example in pic above the lower or second of the two green humps showing that the general uptrend might be weakened as this run contained less momentum. Tighten up the signal line to see a faster change in its color. These settings are the B3 input settings for default, meaning the ones I use in trading. They are not however the default values you might read about other places.