Price Legs & Fib Projections: Fibonacci Confluence-Plots price legs based on two user input lookback numbers. Smaller number for small legs, larger number for large legs.
-Plots Fib projections of these price legs, above and below; User can input four independent fib levels or standard deviation levels
## User Inputs ##
~Show visible chart only; Show price leg labels (time and price); show small legs (fibs and/or boxes); show large legs (fibs and/or boxes)
~Input 4 Fibonacci levels or measured move levels. Toggle each level on/off
~toggle on/off Fib levels ABOVE or fib levels BELOW
~extend Fib levels 'X' bars to the right, or toggle on/off 'Full Extend' to the right
## Tips & Notes ##
-use 'Full Extend' together with 'visible chart only' if searching for multiple confluence of Fib levels.
-can quickly get very cluttered, but the aim in writing this was to try to find area of confluence at a glance amongst a mess of levels, then hide the indicator and study/note that area.
-if lines don't print toward the left hand side of the chart you've likely reached the max line limit set by Tradingview.
-Fib level input of 1.0 represents zero % extension above the high or below the low of the leg; 2.0 represents 100% extension.
1hr S&P: Visible chart only; large legs only; 50%, 100%, 150%, 200% Fib extensions; Above only; lines extended fully to the right:
Usage notes; 15m S&P: Small & Large price legs; partial extend; all fib levels above/below:
Komut dosyalarını "chart" için ara
Expected Move Plotter [CHE]Expected Move Plotter
"There is magic in everything new."
Introduction:
This script is an indicator for financial trading that plots the expected movement of a security based on the average range over the last five periods. The script is written in Pine Script, a high-level programming language used for creating technical indicators, strategies, and other trading tools for the TradingView platform.
Inputs:
Percentage of Open and Close: This input specifies the percentage of the open and close price to use for the expected movement.
Time Periods: The script takes the different time periods into account and translates them to either 60 seconds, 240 seconds, 1 day, 3 days, 7 days, 1 month, 3 months or 12 months.
Calculation:
The script uses the "Open" and "High"/"Low" values of the last 5 periods to calculate the average range and plots the expected movement above and below the current open price. The plot is either green or red depending on whether the expected move is above or below the current close.
Code Breakdown:
The script starts by defining three integer constants: MS_IN_MIN, MS_IN_HOUR, and MS_IN_DAY, which represent the number of milliseconds in a minute, hour, and day, respectively.
The function timeStep_translate() returns a string that represents the timeframe for a chart based on the current timeframe. The function first converts the chart's timeframe to milliseconds and then uses a switch statement to determine the string value to be returned based on the number of milliseconds in the timeframe.
The script then retrieves the data for the open, high, and low values for the last five periods. The high and low values are used to calculate the average range, which is then used to plot the expected movement above and below the current open price.
Conclusion:
This script provides traders with a visual representation of the expected movement of a security based on the average range over the last five periods. It takes different time periods into account and provides a clear indication of whether the expected move is above or below the current close. The script is easy to use and provides a useful tool for traders looking to make informed trading decisions.
Best regards Chervolino
WON WeekliesWilliam O'Neil was a big proponent of using weekly charts, often highlighting the significance of 3 or more tight weekly closes, or a sequence of five or more consecutive up weeks. This indicator recognizes both of these conditions providing clear visual cues to signify this institutional buying activity. When three tight weekly closes or more occur a circle will be drawn around the middle close or the background will change color, depending on user preference. If five or more consecutive up weeks are detected a box is drawn around all the price action of those weeks.
User Options:
- Choose to display both or only one condition
- Customizable colors
- Define what a tight close is (default is less than 1.5%)
- Change background color or display smaller circles for 3 weeks tight
- Alerts for both
Note: 5 weekly closes wont print until the 5th weeks candle is closed.
Color Agreement Aggregate (CAA)This indicator helps finding patterns within market structure in a highly intuitive manner.
It does this by painting a picture instead of presenting numerical values.
It greatly reduces noise in trend/structure analysis.
----- HOW TO USE IT -----
1) Zoom out of chart to get a clearer picture of overall color patterns.
2) Consider areas of intense reds and greens as areas of interest.
3) There is always a pattern of intense reds followed by intense greens. Consider this pattern as the start of a new cycle.
4) Key spikes and dips are shown when all 3 bands are matching of intense colors.
5) Turn on Precision in the Style tab to get more information on decisive spikes in price (See "Precision" below).
Reach (top band):
This is the fast and more volatile movement of the market. It shows the direction in which the recent price action is reaching towards.
Energy (middle band):
This is the medium speed of market movement. It shows the energy of the Reach and how influential it is to market change.
Frequent and intense change of color in this band can be a precursor of change within the Basis.
Basis (bottom band):
This is the slower, broader movement of the market. It is the basis on which the Reach and Energy sit on.
Intense colors in this band show major changes in price levels and market structure.
Precision:
Precision shows the weaker levels of colors. It does this by making bars in a band half its size.
For example, if there is a light green bar that is half, it means that the current bar is on the weaker level of the light green level.
Precision helps in identifying where there are influential moves in price action. Note, there will never be a half-sized bar in the highest and lowest levels.
This is because these levels are the limits and don't have a weaker half.
See notes in chart for more information. Note, you can turn off the labels in the Style tab.
----- HOW THIS INDICATOR IS ORIGINAL; WHAT IT DOES AND HOW IT DOES IT -----
This indicator has an original, unique ability to paint the overall market structure in a highly intuitive manner. It "paints" an image instead of showing numbers.
It does this by color-coding different levels of varying speeds of market movement. It then presents these levels as simple bars.
Finally, it stacks them all and creates an overall image of clear breaks and/or repeats within market structure.
This greatly reduces noise in pattern finding, finding breaks in market structure, and in confirming repeated patterns.
----- VERSION -----
The only significant information from this indicator are the colors themselves and the patterns, agreement, and aggregate of the colors.
This indicator does not provide any numerical information of the underlying, mathematical calculations.
The levels for the Reach are made by the KPAM; for the Energy, the CCI; and for the Basis, the RSI.
However, this indicator is not a variant, replacement, or presentation of the KPAM, CCI, or the RSI in any way, shape, or form -- this indicator does not present itself as such.
The 3 indicators are only useful to this indicator in as much as they are what the colors are derived from -- nothing more.
They are needed in order to obtain, visualize, and create the overall aggregate and agreement of colors.
Thus, the KPAM, CCI, and RSI cannot be adjust nor are they plotted. They are not, in any way, a focus of this indicator.
Harmonic Patterns Based SupertrendExtending the earlier implemented concept of Harmonic-Patterns-Based-Trend-Follower , in this script, lets make it work as supertrend so that it is more easier to operate.
🎲 Process
🎯 Derive Zigzag and scan harmonic patterns for last 5 confirmed pivots
🎯 If a pattern is found, bullish and bearish zones are calculated based on parameter Base
🎯 These bullish and bearish zones act as supertrend based on current trade in progress.
🎯 When in bullish mode, bearish zone will only go up irrespective of new pattern forming new low. Similarly when in bearish mode, bullish zones will only come down - this is done to imitate the standard supertrend behaviour.
🎲 Note
Patterns are not created on latest pivot as last pivot will be unconfirmed and moving. Due to this, patterns appear after certain delay - patterns will not be real time. But, this is expected and does not impact the overall process.
Here are few chart captures to demonstrate how it works.
🎲 Settings
Settings are explained in the screenshot below.
Multi-timeframe Harmonic PatternsHello friends. In recent months I have been busy with my academic research and haven't had much time to publish new scripts. To fill the gap of these months, I decided to publish the indicator Multi-timeframe Harmonic Patterns . Harmonic technical chart patterns can predict the next price trend and provide traders with clues to the price direction, which is one of the indicators widely used by professional traders.
(1) Indicator description
This indicator is built on ZigZag Multi Time Frame with Fibonacci Retracement@LonesomeTheBlue . Thanks to LonesomeTheBlue for contributing the awesome indicator
The indicator supports 6 different timeframes , and 25 different harmonic patterns
This indicator supports indicating key indicator prices: entry price, stop loss price, and two take profit prices
(2) Key parameters
timeframe resolution: The timeframe of the harmonic pattern
pivot high/low source: Calculation method of high/low pivot points
timeframe pivot period: Minimum period of high/low pivot points
delay for confirmations: Wait for N candles to confirm the chart pattern
bullish/bearish colors: Bullish/bearish pattern colors
enable harmonic patterns: Enable current harmonic patterns
show harmonic patterns: Show harmonic patterns found
show trading prices of patterns: Show key prices of harmonic patterns
(3) Supported Patterns:
Gartlay
Cypher
Bat
Deepcrab
Crab
Butterfly
Shark
0-5
AB=CD
3-Drives
Anti-Gartlay
Anti-Cypher
Anti-Bat
Anti-Crab
Anti-Butterfly
Anti-Shark
Black-Swan
White-Swan
Descending-Triangle
Ascending-Triangle
Symmetrical-Triangle
Headers&Shoulders
Inverse-Headers&Shoulders
Double-Top
Double-Bottom
————————————————————————————————————————
各位朋友大家好。最近几个月我忙于自己的学术研究没有过多时间更新脚本。为弥补这几个月的空缺，我决定发布该 多时间周期的谐波指标 。谐波技术图表形态在一定程度上可以预测下一个价格走势，为交易者提供价格方向的线索，是广大专业交易人员广泛使用的指标之一。
(1) 指标说明
该指标建立于 ZigZag Multi Time Frame with Fibonacci Retracement@LonesomeTheBlue ，感谢LonesomeTheBlue贡献的出色指标
该指标支持 6种不同的时间周期 ，以及 25种不同的谐波形态
该指标支持指示关键的指标价格：入场价格、止损价格、以及两种止盈价格
(2) 关键参数
timeframe resolution: 谐波形态的时间周期
pivot high/low source: 高/低枢纽点的计算方式
timeframe pivot period: 高/低枢纽点的最小周期
delay for confirmations: 等待N个蜡烛以确认图表形态
bullish/bearish colors: 看涨/看跌的形态颜色
enable harmonic patterns: 使能当前的谐波形态
show harmonic patterns: 显示被发现的谐波形态
show trading prices of patterns: 显示谐波形态的关键价格
(3) 支持形态:
Gartlay
Cypher
Bat
Deepcrab
Crab
Butterfly
Shark
0-5
AB=CD
3-Drives
Anti-Gartlay
Anti-Cypher
Anti-Bat
Anti-Crab
Anti-Butterfly
Anti-Shark
Black-Swan
White-Swan
Descending-Triangle
Ascending-Triangle
Symmetrical-Triangle
Headers&Shoulders
Inverse-Headers&Shoulders
Double-Top
Double-Bottom
Wolfe Strategy [Trendoscope]Hello Everyone,
Wish you all Merry X-Mas and happy new year. Lets start 2023 with fresh new strategy built on Wolfe Indicator. Details of the indicator can be found here
🎲 Wolfe Concept
Wolfe concept is simple. Whenever a wedge is formed, draw a line joining pivot 1 and 4 as shown in the chart below:
For simplicity, we will only consider static value for Target and Stop. But, entry is done based on breaking the triangle. Revised strategy looks something like this:
🎲 Settings
Settings are simple and details of each are provided via tooltips.
Out of these, the most important one is minimum risk reward ratio. If you set lower risk reward threshold then losing few trades may generate more losses than more winning trades. Similarly higher value will filter out most of the trades and may not work efficiently. Default value set to 1 to make sure optimal risk reward is present before placing trade. Also make note that since the entry bar is always moving towards stop, as and when pattern progress, the RR will also increase. Hence, a pattern which is below RR threshold may become good to trade at certain point of time in future.
🎲 Strategy Parameters
Default strategy parameters are initialised via definition. Margins are set to 100 to disable leveraged trades. Appropriate values are chosen for other parameters. These can be altered based on individual strategy and trading plan.
As the strategy concentrates on the single pattern, number of trades generated are comparatively less. But, there is chance to increase the algorithm further to catch more such patterns on larger scale. Will try to work on them in next versions.
🎲 Pine Strategy limitations
Backtest can only be done on one direction as pine strategy cannot have both long and short open trades together. Hence, it is mandatory to chose either long/short trades in settings.
Since pyramiding is limited to 1, there is possibility of a pattern not generating trade even though the entry conditions are met. They are just based on pine limitations and not necessarily mean patterns are not good for placing trades.
Session ZonesHow is this different?
After reviewing a handful of session zone based indicators I decided to create this one not seeing exactly what I wanted, even this one only comes partially to my goals. This indicator will add session coloring on the chart in a vertical orientation, up to five sessions currently can be utilized. Timezones can be supplied that are compatible with Trading View so that session times specified in settings can be non-market timezone specific. In a future update I plan to add alerts for price reaching certain sessions, styling of the session zones may change overtime as PineScript feature enhancement allows.
How to use this?
Supply session ranges, color and disable any unneeded, the table at the top right will display whether or not price action is in or out of enabled sessions.
Which market is it meant for?
Any market.
What market conditions does this apply to?
Any condition.
Custom XABCD Validation and Backtesting ToolOverview:
We hear a lot about Gartleys, bats, crabs and the rest of the barnyard crew, but have you ever wondered what other creatures might be lurking out there yet to be discovered? Well wonder no longer, it's time to find out for yourself! The Custom XABCD Validation and Backtesting Tool allows you to define retracement ratios and targets for your very own patterns.
Tips:
(1) Adjust the patterns entry/stop/target configuration and see how it affects the pattern's backtesting results.
(2) Adjust the weights of pattern score components (% error, PRZ confluence, Point D/PRZ confluence), along with the entry minimum score requirements ('If score is above'), and see how it affects the patterns' results.
Pattern Scoring:
The pattern's score is an attempt to represent the quality of a pattern with a single metric. This is one of the most powerful aspects of the tool because it can quickly tell you whether a trade is worth entering. The score is based on 3 components:
(1) Retracement % Accuracy - this measures how closely a pattern's retracement ratios match your defined theoretical values. You can change the "Allowed ratio error %" in Settings to be more or less inclusive.
(2) PRZ Level Confluence - Potential Reversal Zone levels are retracements of the XA, BC, and/or XC legs. These levels indicate where a potential reversal might occur (i.e. pivot point D). The PRZ Level Confluence component measures the closeness of the two closest PRZ levels, relative to the height of the of the XA leg.
(3) Point D / PRZ Confluence - this measures the closeness of point D to either of the two closest PRZ levels (identified in the PRZ Level Confluence component above), relative to the height of the XA leg. In theory, the closer together these levels are, the higher the probability of a reversal.
While the score is percentage-based, it should not be confused with a probability. A score of 96% does not imply a 96% chance of success. It simply represents the average of the three components mentioned above, weighted according to the defined weight parameters. A score of 100% would mean that (1) all leg retracements match the defined theoretical retracement ratios exactly, (2) all PRZ retracement levels are exactly the same value, and (3) pivot point D occurred exactly at the confluent PRZ level.
Pattern scoring research has been ongoing since I introduced the concept with my Harmonic Pattern Detection, Prediction and Backtesting Tool (see below). So the way that the score is calculated is subject to change based on the results of that research.
Liquidity Levels MTF - SonarlabThis indicator uses Pivot Points to identify Liquidity Levels in the market. Liquidity Levels are levels in the market where you would expect price to be pulled towards.
Liquidity Levels by Sonarlab also has an option to show Higher Timeframe Liquidity Levels.
Below are the indicators settings:
Liquidity Mitigation Options
The Indicator has options for you to choose what happens to the Liquidity line/boxes once it has been mitigated. Either Keep them on the chart, or remove them.
Display Styles
Choose how the levels are displayed, either with Lines or Boxes.
Set the your Extension options, by keeping the lines/boxes "short" or extend to current price, or maximum to the right
Colors and Styles
Set colors and styles for all lines and boxes
Harmonic Pattern Detection, Prediction, and Backtesting ToolOverview:
The ultimate harmonic XABCD pattern identification, prediction, and backtesting system.
Harmonic patterns are among the most accurate of trading signals, yet they're widely underutilized because they can be difficult to spot and tedious to validate. If you've ever come across a pattern and struggled with questions like "are these retracement ratios close enough to the harmonic ratios?" or "what are the Potential Reversal levels and are they confluent with point D?", then this tool is your new best friend. Or, if you've never traded harmonic patterns before, maybe it's time to start. Put away your drawing tools and calculators, relax, and let this indicator do the heavy lifting for you.
- Identification -
An exhaustive search across multiple pivot lengths ensures that even the sneakiest harmonic patterns are identified. Each pattern is evaluated and assigned a score, making it easy to differentiate weak patterns from strong ones. Tooltips under the pattern labels show a detailed breakdown of the pattern's score and retracement ratios (see the Scoring section below for details).
- Prediction -
After a pattern is identified, paths to potential targets are drawn, and Potential Reversal Zone (PRZ) levels are plotted based on the retracement ratios of the harmonic pattern. Targets are customizable by pattern type (e.g. you can specify one set of targets for a Gartley and another for a Bat, etc).
- Backtesting -
A table shows the results of all the patterns found in the chart. Change your target, stop-loss, and % error inputs and observe how it affects your success rate.
//------------------------------------------------------
// Scoring
//------------------------------------------------------
A percentage-based score is calculated from four components:
(1) Retracement % Accuracy - this measures how closely the pattern's retracement ratios match the theoretical values (fibs) defined for a given harmonic pattern. You can change the "Allowed fib ratio error %" in Settings to be more or less inclusive.
(2) PRZ Level Confluence - Potential Reversal Zone levels are projected from retracements of the XA and BC legs. The PRZ Level Confluence component measures the closeness of the closest XA and BC retracement levels, relative to the total height of the PRZ.
(3) Point D / PRZ Confluence - this measures the closeness of point D to either of the closest two PRZ levels (identified in the PRZ Level Confluence component above), relative to the total height of the PRZ. In theory, the closer together these levels are, the higher the probability of a reversal.
(4) Leg Length Symmetry - this measures the ΔX symmetry of each leg. You can change the "Allowed leg length asymmetry %" in settings to be more or less inclusive.
So, a score of 100% would mean that (1) all leg retracements match the theoretical fib ratios exactly (to 16 decimal places), (2) the closest XA and BC PRZ levels are exactly the same, (3) point D is exactly at the confluent PRZ level, and (4) all legs are exactly the same number of bars. While this is theoretically possible, you have better odds of getting struck by lightning twice on a sunny day.
Calculation weights of all four components can be changed in Settings.
//------------------------------------------------------
// Targets
//------------------------------------------------------
A hard-coded set of targets are available to choose from, and can be applied to each pattern type individually:
(1) .618 XA = .618 retracement of leg XA, measured from point D
(2) 1.272 XA = 1.272 retracement of leg XA, measured from point D
(3) 1.618 XA = 1.618 retracement of leg XA, measured from point D
(4) .618 CD = .618 retracement of leg CD, measured from point D
(5) 1.272 CD = 1.272 retracement of leg CD, measured from point D
(6) 1.618 CD = 1.618 retracement of leg CD, measured from point D
(7) A = point A
(8) B = point B
(9) C = point C
//------------------------------------------------------
// Stops
//------------------------------------------------------
Stop-loss levels are also user-defined, in one of three ways:
(1) % beyond the furthest PRZ level (below the PRZ level for bullish patterns, and above for bearish)
(2) % beyond point D
(3) % of distance to Target 1, beyond point D. This method allows for a proper Risk:Reward approach by defining your potential losses as a percentage of the potential gains. This is the default.
//------------------------------------------------------
// Results Table / Backtesting Statistics
//------------------------------------------------------
To properly assess the effectiveness of a specific pattern type, a time limit is enforced for a completed pattern to reach the targets or the stop level. When this time limit expires, the pattern has "timed out", and is no longer considered in the Success Rate statistics. During the time limit period, if price reaches Target 1 before reaching the Stop level, the pattern is considered successful. Conversely, if price reaches the Stop level before reaching Target 1, the pattern is considered a failure. The time limit can be changed in Settings, and is defined in terms of the total pattern length (point X to point D). It is set to 1.5 by default.
Increasing the time limit value will give you more realistic Success Rate values, but will less accurately represent the success rate of the harmonic patterns (i.e. the more time that elapses after a pattern completes, the less likely it is that the price action is related to that pattern).
//------------------------------------------------------
// Coming soon...
//------------------------------------------------------
I have a handful of other features in development, including:
(1) Drawing incomplete patterns as they develop. This will allow you more time to plan entries and stops, or potentially trade reversals from point C to point D PRZ levels.
(2) Support for the Shark and Cypher patterns
(3) Alerts
Please report any bugs, runtime errors, other issues or enhancement suggestions.
I also welcome any feedback from experienced harmonic pattern traders, especially regarding your strategy for setting targets and stop-losses.
@reees
Chart CAGR█ OVERVIEW
This simple script displays in the lower-right corner of the chart the Growth Rate and the Compound Annual Growth Rate (CAGR) between the open of the chart's first visible bar and the close of its last bar. As you zoom/scroll the chart, calculations will adjust to the chart's bars. You can change the location and colors of the displayed text in the script's settings.
If you need to calculate the CAGR between any two points on the chart, see our CAGR Custom Range indicator.
█ FOR Pine Script™ CODERS
Like our Chart VWAP publication, this script calculates on the range of visible bars utilizing the new Pine Script™ functions announced here and the VisibleChart library by PineCoders . It also uses the `cagr()` function from our ta library, which was recently augmented with many new functions.
Look first. Then leap.
OHLC-TablesENGLISH VERSION
The command shows the opening-high-low-closing-change values of that day based on the previous value in each period.
You can set the clock in any time zone you want.
You can use the indicator by adapting it wherever you want on your screen. You can adjust its position. Top-Left-Middle Left- Bottom Left/ Top Right-Middle Right- Bottom Right.
Although it is not a command with a Buy-Sell indicator, its user-friendliness and convenience were taken into account while developing it.
The purpose of the indicator is to allow you to consider the values while focusing not only on the chart you are watching.
Golden GateGolden Gate Indicator is a chart pattern analysis
every time 4 EMA line close to each other line
then show something big in Stock
rise otherwise down a sharp rally come soon
BTMM OFJ FOR BEST RESULTS PLEASE SWITCH TO LINE CHART OR DISABLE THE CHART CANDLES. BELOW IS A LINE WITH OPACITY TURNED DOWN TO 15%
ASIA, LONDON, AND NEW YORK SESSIONS CAN BE CUSTOMIZED (1ST 3 HRS DEFAULT)
VOLUME CANDLES CAN BE APPLIED WITH SUPPLY AND DEMAND OR MARKET MAKER METHOD. IN A STRONG TREND YOU WANT TO SEE REPEATED HIGH VOLUME CLUSTERS IN THE DIRECTION OFTHE TREND AND FADING LOW VOLUME ON THE RETRACE
BASICK KEY LEVELS WEEKLY INITIAL BALANCE (MONDAY+TUESDAY HIGHEST HIGH AND LOWEST LOW) YESTERDAY AND LASY WKHI/LO
QUICK APPLICATON
[FrizLabz]FVG Bar
For those of you that like to keep your charts nice and tidy for your Technical Analysis!
FVG = Fair Value Gap
Fair Value Gaps are when impulse movements create an imbalance in price leaving unfilled orders.. they are popular because after one is created we often observe price return to fill these unfilled orders
3 candles make a FVG
When the high/low of most recent candle is lower/high than the low/high of the bar before last
Similar to my other FVG indicator but this one allows you to delete Filled FVGs and have them adjust when filled
Uses a line whose x1 and x2 are on the FVG bar and adjust the size of the FVG with line width because line width on line.new()s doesnt have a cap on line width like plot()s do
Not much too it I made this because a few people were asking if they could delete the FVG after it was Mitigated and since my other uses plots it wasnt possible
so I hope this works for those who were asking about it
hope you enjoy please let me know if you have an idea or find a bug,
Thank You! -
Fibonacci + Support/Resistant + Trendline (Price action)This is opening source code version: Fibonacci + Support/Resistant + Trendline (One of Advanced Price action Analysis).
How it works:
It find entry Long/Short by combining: Fibonacci + Support/Resistant + Trendline
1. Find Impulse wave:
To findind Impulse wave, It uses Pivot High/Low to find Impulse wave. In case find entry Long, If having Pivot High higher Pivot High before, it will draw an Impulse wave.
2. Find entry at Fibonacci levels:
Draw Fibonacci fibonacci retracement from Pivot Low to Pivot High. A Fibonacci retracement forecast is created by taking two extreme points on a chart and dividing the vertical distance by important Fibonacci ratios. 0% is considered to be the start of the retracement, while 100% is a complete reversal to the original price before the move. Horizontal lines are drawn in the chart for these price levels to provide support and resistance levels. Common levels are 23.6%, 38.2%, 50%, and 61.8%
3. Find entry at Support/Resistant Zone:
Support/Resistant Zone drawed from Pivot High before, which price just breaken and return to retest.
4. Find entry at Trendline:
Trendline drawed from Pivot High/Low before, which price just breaken and return to retest.
How do use it:
+ You can customize the thickness of the lines.
+ You can set up an alert when the price touchs important areas.
[blackcat] L0 Understand request.security_lower_tf() functionLevel 0
Background
I am learning to use new function request.security_lower_tf() to realize some new features.
Function
Requests data from a lower timeframe than the chart's. The key difference is that the return is no longer series type but array. If you want to combine lower tf with higher tf to form a mtf, you may need to be good at array operations.
This is a very simple demonstration for request.security_lower_tf(), you will see how array grows under 15min tf with 1min intrabar data changes. It may help you understand how request.security_lower_tf() easier.
Remarks
Feedbacks are appreciated.
CHS Zig ZagCHS ZigZag stands for Changeable Source ZigZag
The original ZigZag indicator offered by TradingView doesn't have the ability to measure the tips and troughs based on closing prices (line chart), however, this indicator is capable of receiving an input from user that determines the price source used for further calculations.
The default inputs of the original ZigZag indicator have been also changed in order to make it adapt to pivots formed on line chart but users can change arbitrarily.
WonderTrend IndicatorDetermining trends and reversals are the keys to trading, yet very difficult. Parabolic SAR is hard to trade during choppy price action. SuperTrend is a bit late in determining changes of trend and not great and exit signals.
So WonderTrend is a bit of both, a more stubborn PSAR, also a faster SuperTrend. The green is up, red is down, and yellow is caution helps traders read the chart patterns to enter and exit.
Enjoy!
Chart gain/lossis not my code actually its a example in
Pine Script™ and charts become better acquainted
becaus is can useful and it unpublished i just publish that without any channges
As a trader scrolls or zooms on their chart – causing the range of visible bars on the chart to change – scripts using either of these new built-ins will automatically re-execute so that calculations and visuals can adapt to the new context. This opens the door to a whole new variety of scripts that dynamically adjust to changes in the range of visible bars.
This indicator draws an arrow from the open of the first visible bar to the close of the last, and shows the gain/loss for that range
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
Swing Failure Reversal StrategyThis strategy is using Swing Failure Patterns as a reversion indicator.
The strategy automatically adapts itself to the timeframe of the current chart.
Swing Failure Pattern occurs when the price trend fails to set new highs in uptrend or meet new lows in a downtrend. This pattern helps traders decide when to enter and exit the market. Usually, traders enter in the downtrend i.e. lower price highs and lower price lows, and exit in the uptrend situation i.e. higher price highs and higher price lows. Thus, traders go against the current trend. This helps the traders take advantage of early trend reversal indicators.
Types of Failure Swing :
Failure Swing Top: This occurs when the stock price goes higher whereas the RSI fails to make a higher high and falls below the recent fail point. The Fail Point is where the RSI line is below the recent swing low. This Failure Swing indicates a short position.
Failure Swing Bottom: This occurs when the stock price gets lower whereas RSI fails to make a lower low and rises over the recent fail point. Fail point is the point where the RSI line is above the recent swing high. This Failure Swing indicates a long position.
