Correlation Cycle, CorrelationAngle, Market State - John EhlersHot off the press, I present this "Correlation Cycle, CorrelationAngle, and Market State" multicator employing PSv4.0, originally formulated by Dr. John Ehlers for TASC - June 2020 Traders Tips. Basically it's an all-in-one combination of three Ehlers' indicators. This power packed triplet indicator, being less than a 100 line implementation at initial release, is a heavily modified version of the original indicator using novel techniques that surpass John Ehlers' original intended design.
This is also a profound script in numerous ways. First of all, these three indicators are directly from the illustrious mastermind himself Dr. John Ehlers. Secondarily, this is my "50th" script published on TV, which makes it even more significant. I'm especially proud of this script to "degrees" of imagination I once didn't know was theoretically possible in code. My intellect has once again been mathemagically unlocked pondering new innovations with this code revelation. Thirdly, this PSv4.0 script shows the empowering beauty and elegance of hacking the stock markets with TV's ultra utilitarian Pine Editor(PE) in a common browser! Some of you may be wondering if I worked on this for days... nope! This only took a few hours, followed by writing this description for another hour plus.
I have created many of Ehlers' indicators in PE, a few of which I have published in my profile, but I wanted to show how programming with Pine Script can be an artistic form of craftsmanship and poetry. None of this would be possible without the ingeniously minded Tradingview staff revolutionizing algorithmic trading at it's finest. If you should ever encounter them by chance, ponder humbly thanking these computing wizards for their diligence and dedication. They are providing, and shall award to us members, some of the most fascinating conceptualized tech imaginable in the coming future. I can assure you, much, much more is yet to be unveiled for us TV members/enthusiasts. Thank you TV and all you offer to this community.
As always, I have included advanced Pine programming techniques that conform to proper "Pine Etiquette" by example. There are so many Pine mastery techniques included, I don't have an abundance of time to elaborate on all of them. For those of you are code savvy, you may have notice I only used one "for" loop for increased server efficiency, instead of the two "for" loops in the original formulation. For those of you who are newcomers to Pine Script, this code release may also help you comprehend the immense "Power of Pine" by employing advanced programming techniques while exhibiting code utilization in a most effective manner. This is commonly what my dense intricate code looks like behind the veil. If you are wondering why there is hardly any notes, that's because the notation is primarily in the variable naming.
Features List Includes:
Dark Background - Easily disabled in indicator Settings->Style for "Light" charts or with Pine commenting
AND a few more... Why list them, when you have the source code!
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, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may 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!
Komut dosyalarını "2020年+国债收益率" için ara
S&P 5Tracks the 5 largest stocks by market cap in the S&P 500. As of May 2020 they make up 50% of the index
inwCoin Martingale Strategy ( for Bitcoin )** Same as my previous martingale script but this version = opensource **
inwCoin Martingale Strategy is the proof of concept strategy that in the end, anyone who using martingale strategy will kaboom their portfolio.
For those who don't know what is "martingale".. it's a simple double down strategy in the hope to cover the loss in previous entry.
Example
In the game that if you win, you'll get 100% of your bet money back.
1st loss = 1$
2nd loss = bet 2$ : if win, get 2$ / real profit = 1$ ( 2-1 )
3rd loss = bet 4$ : if win, get 4$ / real profit = 1$ ( 4 - ( 2+1) )
4th loss = bet 8$ : if win, get 8$ / real profit = 1$ ( 8 - ( 4+2+1 ) )
...
...
10th loss = bet 512$ : if win, get 512$ / real profit = 1$ ( 512 - ( 256+128+64+32+16+8+4+2+1) )
as you can see, the next bet will be first bet x 2^(n-1)
and the profit will equal to your first bet.
==================
In trading and forex EA ( Expert Advisor or bot ) people use this strategy to fool newbies that their martingale system will generate steady income for eternity.
But in reality, this strategy will destroy your whole portfolio eventually some time in the future. Because there will be some "Blackswan event" in market at some point in time. And one who ignore this fact, will lose everything.
But, if you using low risk strategy and generate some profit from your low-risk portfolio. You can take small chunk of that profit and put it in riskier strategy like this martingale, to accerelate your profit snowball.
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Parameter Explaination
====================
Price = datasource for indicator calculation
Fixed position size option = if uncheck, the "Start position size" parameter will be % of your initial capital. If checked, it will fixed position size ( like 1 BTC )
Start Position Logic = condition to enter first trade
- MACD singal > 0 : Self explanatory, default macd value
- Stochastic RSI cross up : enter when sto line cross up from bottom ( 20 )
- ATR channel : enter trade if price cross above 2.3 ATR
Take Profit Percent = take profit target % from average entry
Start martingale ..= if price compare to average position entry less than this %, it will start to double down ( martingale )
Martingale Multiplier = you can specific how big you'll double down, default is 2
Trade Direction = long only for now
Use date rang = self explanatory
** make sure to setup your initial capital in properties tab **
On chart
=======
White Line = Average position price
Orange Line = your current equity
If equity less than 0, it will close any remaining positions ( It's mean your position got liquidated )
If price > equity line for "take profit percent" it will close any remaining positions.
=======
As you can see, this strategy survive 2018 drop and pump profit to 1000+% ( Check in the strategy tester tab > list of trades )
But in May 2020 -50% drop in just 3 days, your whole portfolio got liquidated.
Actually, after some digging in profit and backtest result.
This strategy, when it can survive a shape drop, can generate a lot of profit.
So, if you want to use martingale. Make sure to use only small chunk of your profit from "low-risk" strategy to accelerate your profit generation ( aka degen port )
DO NOT greedy and use all of your initial capital or borrowed money to use with this strategy!
Correlation Trend Indicator - Dr. John EhlersHot off the press, I present this "Correlation Trend Indicator" employing PSv4.0, originally formulated by Dr . John Ehlers for TASC - May 2020 Traders Tips. John Ehlers might describe it's characteristics as being a mean reverting trend identification oscillator range bound to +/-1.0 irregardless of any timeframe or asset. I could have finessed this indicator with all kinds of bells and whistles, but I wanted to keep it simple and handy enough for novice Pine programmers or Tradingview newcomers to use. This algorithm, in a slightly modified form, is actually a small portion of the base code for John Ehlers' highly complex Autocorrelation Periodogram and his Convolution SwamiChart.
Some members may have notice that I published a very similar script last month. That is correct. It's sole intention was completely different, having more diverse versatility and complexity, but with slightly reduced computational performance. While they seem eerily similar, they are genetically different. This function only has only one required "series" parameter and the correlation is calculated using the period, not bar_index. Correlating with bar_index or period yields identical results either way. Bottom line, this indicator is elegantly simplistic, yet highly utilitarian and easy to use.
Features List Includes:
Dark Background - Easily disabled in indicator Settings->Style for "Light" charts or with Pine commenting
AND a few more... You have the source!
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, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may 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!
Candle State (The Strat)This script identifies the 2 different Candle States for use in #TheStrat.
Candle Up - The close of the current candle is greater than the close of the previous candle.
Candle Down - The close of the current candle is less than the close of the previous candle.
Though this script is extremely simple it is a teaching aid for #TheStrat.
The script also assists in the identification of up and down candles with gaps where the color of candle will not always match the Candle State.
Analysis of the candle types can help you define actionable signals and draw broadening formations.
Disclaimer: All scripts from this account are for informational purposes only and do not produce buy or sell recommendations.
© 2020 Crinklebine
MTF ohlc S/RA very simple idea, a close (or high, low, ohlc4 or open) from a higher Time Frame
will give future Support/Resistance area's
In this example of BTC/USD we see:
- Yearly close 2017 gave Resistance in June 2019
- Yearly close 2018 gave Support in March 2020
We are now pushing to the Resistance of Yearly close 2019...
Since there is a limit for the amount of lines (since it is just too much if everything is plotted)
there are different options:
- 4 different Time Frames, each can be enabled/disabled,
- TF can be chosen,
- source can be changed (close, open, high, low, ohlc4)
- Period can be changed, for example TF Month:
You can choose just to show a particular year, Month,...
You also can choose between which prices you want to see lines,
for example Monthly close, since the beginning till now, but only between $6000 - $8000:
This helps to know the closest S/R around the present price
Other example:
- Lines can be extended to the right, or not
- Labels can be enabled/disabled:
- Linewidth and brightness of the line can be changed, also the style (solid, dashed or dotted line)
Default only 2 very high TF's are enabled (3 Month = one quarter, and 1 Year)
The 3 Month has a dotted line, which helps distinguish the line against the yearly line
- Prices above 1000 are rounded since it seems distracting to see for example 6478,878654,
seems better just to see 6479, prices below 1000 are just seen as intended
Have fun!
Ehlers Correlation Trend Indicator CTI by Cryptorhythms [CR]Ehlers Correlation Trend Indicator CTI by Cryptorhythms
📜Intro
In his article “Correlation As A Trend Indicator” in issue May 2020 of TASC, author John Ehlers introduces a new trend indicator that is based on the correlation between a security’s price history and the ideal trend: a straight line. He describes methods for using the indicator to not only identify the onset of new trends but to identify trend failures as well. He presents what looks like a simple and elegant idea for a trend-detection and mode-switching indicator.
📋Comments
Careful market selection may be the key to a correct application of the indicator. Even such barebone rules could shine with stocks like AAPL that tend to develop prolonged trends. But for others like CAT, which can keep oscillating in ranges for years, results will be much less impressive. They require a different approach. For example, you would want to buy when Correlation Trend falls significantly below zero and sell when it reaches positive values.
Therefore, it would be an interesting problem to research Correlation Trend’s ability to identify the switch to a cycle mode. That might help develop countertrend systems and
trade pullbacks. Another possible application might be to act as a system filter of change from trending mode to mean-reversion mode.
Extras
As usual when porting indicators to the library here on tradingview, I like to add some extra flare!
💠Customizable Overbought and Oversold Zones for Alert Creation
💠Bar coloration based on trade state for easy visual at a glance chart checking
💠Some basic example Entry and Exit conditions and a simple Trade State Engine to get you going creating your own strategy
Enjoy!
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 81st script on Tradingview!
COVID Statistics Tracker & Model Projections by Cryptorhythms😷 COVID-19 Coronavirus Tracker & Statistics Tools by Cryptorhythms 😷
📜Intro
I wanted to put some more meaning behind the numbers for 2020's Covid pandemic. I hope this tool can help people analyze and deal with these hard times. With these metrics I hope to give greater depth and dimension to whats available. While also at the same time creating something that looks decently presentable and gives actionable information.
I had planned on including a few forecasting models and letting the user play with values to see how social distancing works. But alas I couldnt complete those in the scope of time I gave myself for the indicator. If you are interested in collaborating on it, I will share what I have with you and we can further work on it.
📋Description
The script contains 3 main parts you will interact with. I suggest you enable the chart labels for "indicator name" and "indicator last value" to make the charts more readable (right click on the scale of your chart and goto the "labels" pop out menu). Depending on what plots and data you choose to chart, logarithmic and regular scales can both be applied in different situations. To get similar visuals to the examples I will show below, you can goto the indicator options > style tab. I then play with the line styles, colors and transparencies to achieve the nice looking charts. Please also note there is a distinction between "Infected" and "Infectious". A model telling you the number of infected doesnt designate whether that person can still pass the virus on to others (infectious). So Infectious numbers are usually lower than total confirmed, but this isnt always the case if for example a country wasnt testing very much during the early phase or something else.
🚧Disclaimer
I am not a medical professional and none of this should be considered medical advice. All of the models, numbers and math I sourced from professional places but this is not a guarantee of the future only an approximation based on current information. Numbers change daily and so can these models!
🌐PART ONE
In this area you select a region to read the proper statistics data from tradingview. You can do global totals, country totals, or for a few places (AU, CA, CN, US) you can see state/province totals. Remember to SELECT ONLY ONE region.
🧮PART TWO
The Plots/Stats/Data section includes:
1. ) Plot the Days to Double Number of Confirmed
2. ) Plot the Infection Growth Ratio
3. ) Plot Fatality Risk Rate (Total Deaths / Total Outcomes)
4. ) Plot Overall Fatality Rate / Recovery Rate
5. ) Plot % of World Infected & % of USA Infected
6. ) Plot Daily New Deaths, Confirmed & Recovered
7. ) Plot Daily Change Percentages
🎱PART THREE
Forecasting Models and Settings:
1 .) Plot the % of Custom Population Infected (Vs. the Region Selected in Part 1 of Settings)
2 .) Plot the True Num. of Infectious (Death Model / DM)
3 .) Plot the Current and Next Weeks Cumulative Infection Projection (DM)
4 .) Plot Estimated Infection Rates? (DM)
5 .) Enable Basic Trajectory Projection?
6 .) Plot the Likelihood of > 0 **Infectious** in a Group (DM) for Today, Tomorrow and Next Week
7 .) Plot the True Num. of Infected (Confirmed/Tested Model)
8 .) Plot the Estimated Epidemiology for 7 and 14 Days Out (Hospital Beds, ICU Beds, Ventilator Units)
Planned But not completed
9.) SIR Epidemiology Model
10.) Exponential Growth Plot & Correlation
To use the Estimator for likelihood of Infected in N group of people you need to do 2 things. Select and use "Custom Population" as the population source for part 3. Then you need to enable "Custom Infected" as the source for the model. Then you enter your geographical area's population and confirmed cases. Its best to goto the smallest / most granular level of data available to accurately estimate the likelihood. So for instance in the order of least effective to most effective data source: global, country, state, county, city...etc.
If you do not understand what these terms or numbers represent, please read the source materials I have linked in the code, or use google. I dont have the time or expertise to explain all the various specific methods and terms included here. This entire project was a learning journey for me and I have zero experience in epidemiology so please excuse any errors I may have made. (and tell me, so I can change it!)
🔮Future Additions
If anyone has a model or stat they would like included I will be happy to add your code to this toolbox to make it more effective and give you credit here in the description. If you want to collaborate please message me.
📊Some Example Charts:
The Cryptorhythms Team wish you and your families all the absolute best of health!
P.S. Stay safe and act smart I dont think this will be the EOTW.
Other alts compensated capitalization [Peregringlk]DISCLAIMER: I'm not a native English speaker, so let me know please about mistakes in my wording.
Introduction
==========
This indicator (the middle one in the image) shows how the "others altcoins" (all altcoins except coins with high capitalization) are adding own value to its capitalization by removing BTC price changes. By "own value" I mean USD value gaining by actual buys in BTC markets beyong arbitrage effects of BTC price changes.
The main idea is that, if bitcoin has increased is value by 20%, and the other altcoins has increased its capitalization by 30%, the chart will only plot an increased of 10%. In other words, it will show its increased capitalization measured in BTC (the combined altcoin/BTC market is uptrending). Its purpose is to try to identify altseasons. A bit more concisely, the graph will only grow when both USD and BTC capitalization are growing. If any of them are going down, the graph will go down as well.
Rationale
========
- Altseasons are characterized by an incresed in BTC value of almost every altcoin during some period of time, although not all at once, but distributed over the altseason. For example, in the crazy altseason of Dec17/Jan18, almost every (low capitalized) altcoin increased its BTC value by a minimum of +300%, some at the beginning of the season, some at the end.
- When this happens, BTC loss capitalization dominance, but this also can happen if BTC is downtrending while altcoins are being bought in BTC markets but its USD value doesn't change too much. This happens when altcoins are uptrending in BTC price, but there are actually no gain of USD value because the BTC gain in value is not enough to compensate the BTC fall in price. Since BTC is losing USD price, but altcoins are not, dominance falls. So, looking at BTC dominance is not enough to spot possible beginnings of altseasons, because of arbitrage of other effects.
- The "big altcoins" are removed from the counting because one single big capitalized altcoin that grows, let's say, a 20%, will have an observable effect on the total altcoin capitalization, even if the rest of the altcoins are stagnated in price. For example, at today's date (8th April 2020), Ethereum by itself has the 23.89% of the total altcoins capitalization. A +10% in Ethereum price will increase the total altcoin capitalization by a +2.38%. I wanted to remove that effect to focus on generalized price changes of all altcoins. Remember that there are only 9 big altcoins 9 coins representing the 71% of the alts capitalization, while there are exists more than 5000 altcoins in total.
- Another key factor is that I want to focus on what happens in alt/BTC markets, because almost every altcoin can be traded against BTC, and most of them can only be traded against BTC. However, big altcoins can usually be traded against USD or other alt coins or fiat currencies as well. Removing the big alts from the equation helps (just a bit) to simplify the interpretation of the chart because arbitrage effects of those "impactfull" alts are limited (although not removed, because arbitrage also happens cross-markets).
- There are situations where BTC price is going up, alts USD capitalization is going up as well, but alts BTC capitalization is going down because altcoins are being sold in BTC markets, it just happens that the speed of the selling is not high enough as to compensated the increased in BTC price. That makes the USD capitalization grows, while alts are really being dumped in BTC markets. I wanted to reflect that effect as well by making sure that the graph is growing only when both USD and BTC capitalization of alts are growing.
Interpretation
============
If you want, you can see this chart as if plotting the Other alts capitalization as if priced against a fictional coin FCOIN, that start by having a price of 1, that combines the up and downs of both BTC price and alts USD capitalization in a very conservative way: if FCOIN price goes up, means that the other alts are gained USD value but only when they have overcome BTC price changes. Otherwise, it goes down.
If this fictional FCOIN has went up during some days straight with a total gain of maybe, greater than 10%, we are maybe in front of the start of an altseason. Sometimes, maybe (it requires some more years to extract a theory out of here), it can be used as proxy of the BTC near future (trend changes or continuations): if this FCOIN goes up, while BTC is doing nothing relevant or even is going down, it could signal that "people" is getting prepared and a generalized altcoin accumulation process has started, because of a combined people's assumption that BTC will start to have an stable uptrend, or will continue the current trend soon. There's some matches in the past about that, but there are also false positives, as usual.
Additionally, four customizable EMAs are added to the script, by default 21, 50, 100 and 150.
Definitions
=========
- Let's call `altcap_btc` the altcoin capitalization in USD, divided by BTC price. In other words, `altcap_btc` is the capitalization in terms of BTC.
- Let's call `x` the BTC price change rate as `btc_price_current_candle / btc_price_previous_candle`. So, if BTC has grown a +20%, `x = 1.20`, and if BTC has gone down a -20%, `x = 0.80`.
- Let's call `y` the `altcap_btc` price change rate, calculated as before but for `altcap_btc`.
- For pure math equivalence, `x * y` is thus the USD capitalization change rate.
Calculation
=========
For plotting the graph, for each candle, I choose a change rate, and then I plot the total accumulated change rate as by `ch0 * ch1 * ch2 * .... * ch_today`, where each `chX` is the choosen change rate of each candle since the beginning of the chart. So, if the "alts compensated value" has grown yesterday +20% and today's -10%, `1.20 * 0.9 = 1.08`, which means that in two days the compensated value has grown an 8% in total.
- If `x * y > 1` (USD cap is growing), I take `y` as change rate (alt/btc change rate).
- If both `x` and `y` are `> 1`, then the graph grows because I'm taking `y`.
- If `x > 1` and `y < 1`, the graph goes down because I'm taking `y`, reflecting the BTC markets are dumping.
- If `x < 1` and `y > 1`, the graph goes up because I'm taking `y`, reflecting the BTC markets are pumping so much that it overcomes the btc fall.
- `x < 1` and `y < 1` is impossible here because `x * y` must be `> 1` by precondition.
- If `x * y < 1` (USD cap is going down), I take `y` or `x * y` depending on the individual change rates:
- If `x` and `y` go in different directions (one up and the other down), I take `x * y` to reflect that USD capitalization has gone down. I don't take `y` here because it could be `> 1`, and I don't want to make the graph grow if alts are lossing USD value. Also, if `y < 1` and I take `y` the graph will go down faster than USD capitalization and I want to show that "alts compensated value is gown down slower than BTC because some boughts are happening". I don't take `x` either here for the same reasons.
- If both `x` and `y` are `< 1`, I take `y`, because otherwise the graph would be less than 0.000001 today after two years of bleeding, making literally impossible to see if alts "grow tomorrow".
- `x > 1` and `y > 1` is impossible here because `x * y` must be `< 1` by precondition.
COVID-19: Daily change per capita (EU only)New confirmed cases per day (daily change) is one thing, just an absolute value but when we put this number in context of population (per million people) of each country the situation is a bit different.
We can easily see that, at the moment (Apr 2nd, 2020), the most affected country is Spain (~150 new cases per million people per day) and surprisingly the second one is Switzerland (CH). We can also see Spain or Belgium's steep curve relative to other countries.
I know that some countries run more tests than the others and the outcome might not be reflect the reality but this is the official data that is available.
XBT % ContangoSimilar to my other indicators, but measures XBTUSD Contango in terms of percent.
Also, built it so you could change the values that give the red and green signals. Default values are 0% or less (backwardation) indicates green. However, i found that a 0.5% setting worked will finding local bottoms for current contract of XBTH20 (March 2020). The upper value default is at 5%, and signals red when the next contract reaches over 5%.
My assumption is as BTC increases in value over time, measuring contango in terms of percent will be a better measure of the XBT futures curve.
On Balance Volume ModifiedHere is a smoothed version of the classic OBV indicator with a signal line. You can use it to look for signal line crossovers and divergences. The signal line is a 10-day EMA of the OBVM line. Typically, the signal line can vary from 10 to 50.
This was just published by Vitali Apirine in the latest issue of Stocks & Commodities (April 2020) p22-25
Please let me know if you want me to publish any other indicators or if you have any questions!
Modified OBV w/ Divergence Detection by CryptorhythmsApirine OBV-M Modified OBV w/ MA Selection by Cryptorhythms
Intro
Released in the April 2020 issue of TASC, and created by Vitali Apirine.
Description
OBV-M is of course based on the classic indicator on balance volume originally developed by Joe Granville. Apirine then smooths the calculation and adds a signal line to help denote entry and exit points.
As the author points out uts also great at showing divergences!
Extras
As usual when porting indicators to the library here on tradingview, I like to add some extra flare!
💠MA selection to allow you to experiment with alternate settings
💠Bar coloration based on trade state for easy visual at a glance chart checking
💠Divergence Detection and plotting thanks for Ricardo Santos' script
Enjoy!
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 78th script on Tradingview!
Yield Curve Inversion MonitorIdentifies when the US Treasury Yield Curve inverts (2 and 10 year bond rates).
When they ‘invert’ long-term bonds have a lower interest rate than short-term bonds. In other words, the bond market is pricing in a significant drop in future interest rates (which might be caused by the US Fed fighting off a recession in the future).
In the last 50 years, every time the US treasury yield curve inverted a recession followed within 3 years. On average the S&P500 gained 19.1% following the inversion and peaked 13 months later. In other words, as far as investors are concerned, the recession began roughly one year later.
However, once the market peaks, it then drops 37.6% on average, wiping out all those gains and more.
...Looks like 2020 is shaping up to be another prime example.
[e2] Bitcoin Halving Key & AvwapThis indicator shows a Key Level Support & Resistance level and VWAP that reset on your choice of the Bitcoin's halving date.
Optional Key Calculation Mode:
- Start with first (2012) or second (2016) halving date.
- Start with first and reset on the second (Halving to halving mode)
- Start with every next halving simultaneously (Halving + halving mode)
Labels show the Market Capitalization, total minted Bitcoins and Bitcoin's close price on the halving's date.
A maximum of 5 bands calculated using a factor of the anchored VWAP's standard deviation can be displayed.
Note
- The script is designed for Bitcoin markets only.
- Estimated 3rd halving, script will be updated when next halving occurs.
Improved Krown's Cave and Westy's EMA SMA Combo Improved version (2 March 2020):
- used colours similar to Krown's
- added EMA/SMA (total of 9)
Enjoy.
Custom Time ranges. Daily price ranges.Addition to previous time range script, now containing daily ranges. You can select a day of the week, and have it show the high, low, mid, and open of that day.
For the time bands:
Monday = 2
Tuesday = 3
Wednesday = 4
Thursday = 5
Friday = 6
Saturday = 7
Sunday = 1
Example 1:
1500-1800:2
This will colour the background between 3pm and 6pm on Mondays.
Example 2:
0000-0600:247
This will colour the background between midnight and 6am on Mondays, Wednesdays, and Saturdays.
For the Daily price ranges:
Just select the tick-box forthe day, and then the price levels you'd like to see.
I want to add specific weekly levels to this, for example: week 06 of year 2020, but I've not figured out how to do it yet. If anyone knows, I'd appreciate it if you let me know. I'll then update this script.
As always, any questions you may have, please leave in comments below and I'll respond when I have time.
If you notice anything good with this indicator, let me know. We are all in this to make money after all! ;)
Relative Strength(RSMK) + Perks - Markos KatsanosIf you are desperately looking for a novel RSI, this isn't that. This is another lesser known novel species of indicator. Hot off the press, in multiple stunning color schemes, I present my version of "Relative Strength (RSMK)" employing PSv4.0, originally formulated by Markos Katsanos for TASC - March 2020 Traders Tips. This indicator is used to compare performance of an asset to a market index of your choosing. I included the S&P 500 index along side the Dow Jones and the NASDAQ indices selectively by an input() in "Settings". You may comparatively analyze other global market indices by adapting the code, if you are skilled enough in Pine to do so.
With this contribution to the Tradingview community, also included is MY twin algorithmic formulation of "Comparative Relative Strength" as a supplementary companion indicator. They are eerily similar, so I decided to include it. You may easily disable my algorithm within the indicator "Settings". I do hope you may find both of them useful. Configurations are displayed above in multiple scenarios that should be suitable for most traders.
As always, I have included advanced Pine programming techniques that conform to proper "Pine Etiquette". For those of you who are newcomers to Pine Script, this script may also help you understand advanced programming techniques in Pine and how they may be utilized in a most effective manner. Utilizing the "Power of Pine", I included the maximum amount of features I could surmise in an ultra small yet powerful package, being less than a 60 line implementation at initial release.
Unfortunately, there are so many Pine mastery techniques included, I don't have time to write about all of them. I will have to let you discover them for yourself, excluding the following Pine "Tricks and Tips" described next. Of notable mention with this release, I have "overwritten" the Pine built-in function ema(). You may overwrite other built-in functions too. If you weren't aware of this Pine capability, you now know! Just heed caution when doing so to ensure your replacement algorithms are 100% sound. My ema() will also accept a floating point number for the period having ultimate adjustability. Yep, you heard all of that properly. Pine is becoming more impressive than `impressive` was originally thought of...
Features List Includes:
Dark Background - Easily disabled in indicator Settings->Style for "Light" charts or with Pine commenting
AND much, much more... You have the source!
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, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may 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!
VWAP TF-Aware===========================================================
8/Feb/2020 02:57 PM AUTHOR: Brandon Gum
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DESCRIPTION:
This is a timeframe aware VWAP indicator. The built-in VWAP indicator was changed in late 2019 which resulted in it no longer being restricted to low timeframes. As a result the indicator would plot on higher timeframe charts and create "noise" between candles.
This Version of vwap only displays vwap on 30 minute and below times frames.
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sma dipsparity and sdvFXBTCJPY 1min contrarian script (2020/1/30)
1分足の逆張りです.
If you want to use other timescale, need to change disparity rate and sdv.
To display disparity(sma) and standard deviation, and to draw a hline(pine function) a certain valu. And lets think. I thought disparity rate 1~1.3 or -1~-1.3 are able to use constrarian trade (and sdv>600).
In bottom, disparity index is auxiliary. It is different from the multiple in the script to make the value easier to understand.
Sorry if the expiration date of the script has expired.
[e2] Reflex & TrendflexNew Indicator from John F. Ehlers issued in the February 2020 Technical Analysis of Stocks and Commodities article "Reflex: A New Zero-Lag Indicator"
This indicator includes both studies described in the article and intend to significantly reduce the lag of the signal compared to other oscillators.
Reflex for the cycle component and is more sensitive to major reversals, Trendflex for the trend component.
Pivot Max range as the borders for top and bottom reading of the indicators (the script will plot separate borders for both components) and divergences were added.
Divergence function is the interpretation of built-in divergence script, optimized the code and added option to show real-time divs (without offset), all credits to ...)
daily*tip: I must say that very quickly I began to realize how fragmented and imperfectly modern economic knowledge is and how little can be taken from fundamental science in terms of practical recipes. (c) Andrey Movchan.
stay safe ;)
Bitcoin Halving CountdownHello traders,
I offer you today the BTC halving countdown updated in real-time on your charts
I inspired myself greatly from the gentleman @everget's script LTC halving countdown below
(
The countdown date is coming from that source www.bitcoinblockhalf.com.
The halving date is estimated to be around May 13th, 2020 .
That date is hardcoded in the script and is used for the countdown calculation.
The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 12.5 to 6.25 coins.
Enjoy the weekend
Dave
Voss Strategy (Filter + Trend Indicator) [Bitduke]Created strategy based on Voss Predictive Filter, implemented by TradingView user e2e4mfck.
Voss Predictive Filter
This is a relatively new filter from John F. Ehlers’ article, “A Peek Into The Future .” Ehlers describes the calculation of a new filter that could help signal cyclical turning points in markets.
But filter has a negative group delay and while an indicator based on it cannot actually see into the future, it may provide the trader with signals in advance of other indicators.
In mentioned article he tested filter on SPY and at one point in time "it went into a trend mode in January 2019, and the cycle signal failed miserably, signaling a short position during the runup. <...> The only way to minimize the impact of this condition is to employ an additional trend detector."
Thus I've added another Ehlers' based trend based indicator Instantaneous Trendline (thanks to LazyBear for implementation) to minimize the impact of the trend mode and got a good results on XBTUSD pair 4h.
Backtest :
> Range: 2016 - 2020
> XBTUSD
> 4h
> ~20% drawdown
> Sharpe (0.361, not too impressive)
I think it can be improved with Risk Management system and experimenting with various trend following indicators.