PIN HUNTERScript Components
- Volume Weighted Averages (Daily, Weekly, Monthly and Yearly)
- Price bands created with Standard Deviation
- ALMA Indicator
- Automatic Trend Lines
How to use :
* The script has been written to work properly in all time periods. It is more appropriate to use visually in periods of 4 hours or less.
* First of all, it should be checked whether the price is below or above the yellow colored "ALMA Indicator".
* When the price crosses the yellow line down, it tends to touch the price below (curve, trend line or price line). These touches are used to determine the buying level by looking at the trend direction.
It is also necessary to calculate that the number of items to break below will change depending on the strength of the trend. The script doesn't teach you this experience, the decisions you make are always up to you.
The price, which starts to rise again by touching the lower level, will show an upward trend towards the "ALMA Indicator".
* When the price crosses the yellow "ALMA Indicator" line up, it tends to touch the price (curve, trend line or price line) above it. These touches are used to determine the selling level by looking at the direction of the trend.
* The main levels that are intended to be traded are Standard Deviation bands. (Example: Price crossing StD1 level upwards targets StD2 level in Uptrend. If the trend is still up StD3 level becomes target.)
* Automatic Trend Lines are created by the script as the price moves. Extend the trend lines to the right. These lines will serve as support and resistance in the next candles. Newly formed trend lines appear solid, old trend lines appear dashed.
I wish the script will be useful to everyone. I would like to thank you in advance for any contribution and criticism you will make.
Please have a look at my other scripts. Pivot STRTGY V1 is worth a try.
(Turkish)
Script Bileşenleri
- Hacim Ağırlıklı Ortalamalar ( Günlük, Haftalık, Aylık ve Yıllık)
- Standart Sapma ile oluşturulan fiyat bantları
- ALMA İndikatörü
- Otomatik Trend Çizgileri
Nasıl Kullanılır :
* Script tüm zaman periyodlarında sağlıklı olarak çalışacak şekilde yazılmıştır. Görsel olarak 4 saat ve altındaki periyodlarda kullanılması daha uygundur.
* Öncelikle fiyatın sarı renkli "ALMA İndikatörünün" altında veya üstünde oluduğuna bakılmalıdır.
*Fiyat sarı çizgiyi aşağıya kestiğinde bir altında bulunan fiyata ( eğri, trend çizgisi ya da fiyat hattı) dokunma eğilimi gösterir. Bu dokunuşlar trend yönüne de bakılarak alım seviyesini saptamaya yarar.
Trendin gücüne bağlı olarak aşağıda kırılacak öğe sayısının değişeceğini de hesaplamak gerekir. Script size bu deneyimi öğretmez, alacağınız kararlar her zaman size aittir.
Alt seviyeye dokunarak tekrar yükselmeye başlayan fiyat "ALMA İndikatörüne" doğru yükselme eğilimi gösterecektir.
* Fiyat sarı çizgiyi yukarıya kestiğinde bir üstünde bulunan fiyata ( eğri, trend çizgisi ya da fiyat hattı) dokunma eğilimi gösterir. Bu dokunuşlar trend yönüne de bakılarak satma seviyesini saptamaya yarar.
* Ticaret yapılması amaçlanan ana seviyeler Standart Sapma bandlarıdır. (Örnek : StD1 seviyesini yukarı yönde geçen fiyat Yukarı trendde StD2 seviyesini hedefler. Trend halen yukarı ise StD3 seviyesi hedef haline gelir.)
* Otomatik Trend Çizgileri fiyat hareket ettikçe script tarafından oluşturulur. Trend çizgilerini sağa doğru şekilde uzatın. Bu çizgiler sonraki mumlarda destek ve direnç vazifesi göreceklerdir. Yeni oluşan trend çizgileri katı, eskiden oluşmuş trend çizgileri kesikli olarak gözükürler.
Scriptin herkese faydalı olmasını dilerim. Yapacağınız her türlü katkı ve eleştiri için şimdiden teşekkürlerimi sunuyorum.
Lütfen diğer scriptlerime de göz atınız. Özellikle Pivot STRTGY V1 denemeye değer bir çalışmadır.
Komut dosyalarını "the script" için ara
[blackcat] L2 Zero-lag EMA Swing TradeLevel: 2
Background
This script is a comprehensive work of mine, incorporating Ehlers zero-lag EMA and my first script published: MA fingerprint for long entries.
Function
Ehlers zero-lag EMA algorithm in this scripts is mainly used for short signal production, while my MA fingerprint algorithm is used for long entries.
Key Signal
a ---> Ehlers Zero-lag EMA fast line for subjective long jugement
b ---> Ehlers Zero-lag EMA slow line for subjective short jugement
long --> Swing long entry with partial postion
short --> Swing short entry with partial postion
Remarks
Feedbacks are appreciated. This script is optimized for 1D time frame.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers RSI with NETLevel: 2
Background
John F. Ehlers introuced RSI with Noise Elimination Technology (NET) in Dec, 2020.
Function
Many indicators produce more or less noisy output, resulting in false or delayed signals. Dr. Ehlers proposed “Noise Elimination Technology,” in Dec, 2020. He introduces using a Kendall correlation to reduce indicator noise and provide better clarification of the indicator direction. This approach attempts to reduce noise without using smoothing filters, which tend to introduce indicator lag and therefore, delayed decisions. With this script, I use his “MyRSI” indicator, which he introduced in his May 2018 article in S&C, by adding some Tradingview pine v4 code for the noise elimination technology. The indicator plots the MyRSI value as well as the value after applying NET to MyRSI. This de-noising technology uses the Kendall correlation of the indicator with a rising slope. Compared with a lowpass filter, this method does not delay the signals.
The technology appears to work well in this example for removing the noise. But note that the NET function is not meant as a replacement of a lowpass or smoothing filter; its output is always in the -1 to +1 range, so it can be used for de-noising oscillators, but not, for instance, to generate a smoothed version of the price curve.
Key Signal
NET --> Ehlers RSI with NET fast line
Trigger --> Ehlers RSI with NET slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 99th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Truncated BP FilterLevel: 2
Background
John F. Ehlers introuced Truncated BandPass (BP) Filter in Jul, 2020.
Function
In Dr. Ehlers' article “Truncated Indicators” in Jul, 2020, he introduces a method that can be used to modify some indicators, improving how accurately they are able to track and respond to price action. By limiting the data range, that is, truncating the data, indicators may be able to better handle extreme price events. A reasonable goal, especially during times of high volatility. John Ehlers shows how to improve a bandpass filter’s ability to reflect price by limiting the data range. Filtering out the temporary spikes and price extremes should positively affect the indicator stability. Enter a new indicator ——— the Truncated BandPass (BP) filter.
Cumulative indicators, such as the EMA or MACD, are affected not only by previous candles, but by a theoretically infinite history of candles. Although this effect is often assumed to be negligible, John Ehlers demonstrates in his article that it is not so. Or at least not for a narrow-band bandpass filter.
Bandpass filters are normally used for detecting cycles in price curves. But they do not work well with steep edges in the price curve. Sudden price jumps cause a narrow-band filter to “ring like a bell” and generate artificial cycles that can cause false triggers. As a solution, Ehlers proposes to truncate the candle history of the filter. Limiting the history to 10 bars effectively dampened the filter output and produced a better representation of the cycles in the price curve. For limiting the history of a cumulative indicator, John Ehlers proposes “Truncated Indicators,” John Ehlers takes us aside to look at the impact of sharp price movements on two fundamentally different types of filters: finite impulse response, and infinite impulse response filters. Given recent market conditions, this is a very well timed subject.
As demostrated in this script, Ehlers suggests “truncation” as an approach to the way the trader calculates filters. He explains why truncation is not appropriate for finite impulse response filters but why truncation can be beneficial to infinite impulse response filters. He then explains how to apply truncation to infinite impulse response filters using his bandpass filter as an example.
Key Signal
BPT --> Truncated BandPass (BP) Filter fast line
Trigger --> Truncated BandPass (BP) Filter slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 98th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Reflex CrossLevel: 2
Background
John F. Ehlers introuced Reflex Cross indicator in Feb, 2020.
Function
In “Reflex: A New Zero-Lag Indicator” in Feb, 2020, John Ehlers introduces a new averaging indicator that he has designed with reducing lag in mind. According to the Dr . Ehlers , this new indicator can be used to generate signals in a more timely manner than other lagging calculations. The script displays the Reflex Cross indicator discussed in the article. The reflex indicator synchronizes with the cycle component in the price data. Its companion, the trendflex oscillator, retains the trend component.
Key Signal
FastRF --> Ehlers Reflex Cross fast line
SlowRF --> Ehlers Reflex Cross slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 95th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Trendflex CrossLevel: 2
Background
John F. Ehlers introuced Trendflex indicator in Feb, 2020.
Function
In “Reflex: A New Zero-Lag Indicator” in Feb, 2020, John Ehlers introduces a new averaging indicator that he has designed with reducing lag in mind. According to the Dr. Ehlers, this new indicator can be used to generate signals in a more timely manner than other lagging calculations. The script displays the trendflex indicator discussed in the article. The reflex indicator synchronizes with the cycle component in the price data. Its companion, the trendflex oscillator, retains the trend component.
Key Signal
FastTF --> Ehlers Trendflex fast line
SlowTF --> Ehlers Trendflex slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 94th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Decycler OscillatorLevel: 2
Background
John F. Ehlers introuced Decycler Oscillator in Sep, 2015.
Function
In “Decyclers” in Sep, 2015, John Ehlers described a method for constructing an oscillator that could help traders detect trend reversals with almost no lag, an oscillator that signals trend reversals with almost zero lag via digital signal processing techniques. A high-pass filter is subtracted from the input data and the high-frequency components are removed via cancellation of terms. Lower-frequency components are filtered from the output, so they are not canceled from the original data. Thus, the decycler displays them with close to zero lag. The fast line has a period of 100 a K value of 1.2 and the slow line has a period of 125 and a K value of 1.
This script demonstrates the timely response of the decycler oscillator to market action. It applies the idea of using a decycler oscillator pair with different parameters, as discussed in Ehlers’ article:
1. Enter long when the fast line crosses over the slow line;
2. Exit long when the fast line crosses under the slow line.
Key Signal
Fast_Val --> Ehlers Decycler Oscillator fast line
Slow_Val --> Ehlers Decycler Oscillator slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 85th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Zero-lag EMACircumstance Remarks: Because of my carelessness, the script of the same name that I posted before was banned and hidden because the description contained content that violated the TradingView House Rule. After communicating with the MOD, I corrected the description and obtained permission to publish it again. I hereby declare. Sorry for the inconvenience!
Level: 2
Background
John F. Ehlers introuced Zero-lag EMA Indicator in Nov, 2010.
Function
In “Zero Lag (Well, Almost)” article, authors John Ehlers and Ric Way presented their zero-lag exponential moving average indicator and strategy. They have adapted their zero-lag EMA by extending the functionality in an additional chart indicator named “Zero-Lag EMA”. Labels were added so that the user can be alerted when a crossing of the averages occurs.
The authors created an error-correcting filter for an exponential moving average ( EMA ) that seeks to minimize the lag effect of increasing periods. Increasing the gain parameter from zero changes the filter from an EMA with lag to effectively zero lag (albeit with zero smoothing also). The crossover of these lines can be used to form a trading strategy, with the addition of some threshold value for the difference between the Price and error-correcting line.
Key Signal
ZLEMA ---> Zero-lag EMA fast line
Trigger ---> Zero-lag EMA slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 76th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L3 Ehlers Spectrogram IndicatorLevel: 3
Background
John F. Ehlers introuced Dominant Cycle and Spectrogram Indicator in Mar, 2008.
Function
In "Measuring Cycle Periods" in Mar, 2008, John Ehlers presented a very interesting technique of measuring dominant market cycle periods by means of multiple bandpass filtering. By utilizing an approach similar to audio equalizers, the signal (here, the price series) is fed into a set of simple second-order infinite impulse response bandpass filters. Filters are tuned to 8,9,10,...,50 periods. The filter with the highest output represents the dominant cycle. This script implements a high-pass filter and a six-tap low-pass Fir filter on input, then 42 parallel Iir band-pass filters. Finally, it plots the Ehlers spectrogram as a heat map.
Ehlers Spectrogram indicates market power status:
With high market power, the spectrogram become fuzzy;
With low market power, the spectrogram become distinct.
It also discloses market dominant cycles and subcycles, which indicates the major rhythm. Regarding the rhythm of the market, Chinese and Western cultures have reached a consensus: Dr. Ehlers can find the main harmonic components of the market through DSP analysis via spectrum; Master Zen compares the market rhythm to Bach’s fugue from a philosophical perspective, where there is a rhythm of life.
Finally, please allow me to quote Master Zen’s statement on market rhythm:
"The market is cruel. For those who try to violate the market rhythm, the market is their death place; the market is beautiful, and the market is Bach’s fugue. There is a rhythm of life. Rhythm is always the rhythm of the market. A market participant without a sense of rhythm is always torturing. Put aside your greed and fear and listen to the rhythm of the market. In the weekend, let go of everything, but listen to the rhythm of nature, the rhythm of life, the rhythm of music, and then come back to listen to the rhythm of the market. Dancing with the market, your greed and fear are peeled off one by one, you will become very bright."
Key Signal
DomCyc--> Ehlers Dominant Cycle
Plot2~Plot60--> Ehlers Spectrum Heat Map
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 73th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Inverse Fisher Cyber CycleLevel: 2
Background
John F. Ehlers introuced the Inverse Fisher Transform of Cyber Cycle in May, 2004.
Function
"The Inverse Fisher Transform ," describes the calculation and use of the inverse Fisher transform by Dr . Ehlers in 2004. The transform is applied to any indicator with a known probability distribution function, but this script offers a sample transforms: Cyber Cycle . I have created inputs for the trigger levels for entry and exit so that the user may adjust these levels as desired.
In his article, Dr . Ehlers states the inverse Fisher transform can work with any oscillator, and that values between -1 and 1 are more suited for the transform calculations. Here is one version of the inverse Fisher transform of Cyber Cycle . This version takes the highest and lowest value of the Cyber Cycle and normalizes the scale to a range of -1 to 1. John Ehlers shows how to use the inverse Fisher transform ( IFT ) to compress oscillator-type indicators to give clear trading indications of when to buy or sell. The IFT is a nonlinear transformation that changes the probability distribution, so for example, unbounded indicators can be transformed into bounded indicators with a high probability of being either +1 or -1.
Key Signal
ICycle--> Inverse Fisher Transform of Cyber Cycle fast line
Trigger--> Inverse Fisher Transform of Cyber Cycle slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 69th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Inverse Fisher RSILevel: 2
Background
John F. Ehlers introuced the Inverse Fisher Transform of RSI in May, 2004.
Function
"The Inverse Fisher Transform," describes the calculation and use of the inverse Fisher transform by Dr. Ehlers in 2004. The transform is applied to any indicator with a known probability distribution function, but this script offers a sample transforms: RSI. I have created inputs for the trigger levels for entry and exit so that the user may adjust these levels as desired.
In his article, Dr. Ehlers states the inverse Fisher transform can work with any oscillator, and that values between -1 and 1 are more suited for the transform calculations. Here is one version of the inverse Fisher transform of RSI. This version takes the highest and lowest value of the RSI and normalizes the scale to a range of -1 to 1. John Ehlers shows how to use the inverse Fisher transform (IFT) to compress oscillator-type indicators to give clear trading indications of when to buy or sell. The IFT is a nonlinear transformation that changes the probability distribution, so for example, unbounded indicators can be transformed into bounded indicators with a high probability of being either +1 or -1.
Key Signal
IFish--> Ehlers Inverse Fisher RSI fast line
Trigger--> Ehlers Inverse Fisher RSI slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 68th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Autocorrelation IndicatorLevel: 2
Background
John F. Ehlers introduced Autocorrelation Indicator in his "Cycle Analytics for Traders" chapter 8 on 2013.
Function
If we correlate a waveform composed of perfectly random numbers by itself, the correlation will be perfect. However, if we lag one of the data streams by just one bar, the correlation will be dramatically reduced. In a long memory process with normally distributed random numbers the autocorrelation follows the power law.
One of the underlying principles of technical analysis is that market data do not follow this power law of an efficient market, and we therefore can extract information from the partial correlation of the autocorrelation function. For example, assume the data being examined is a perfect sine wave whose period is 20 bars. The autocorrelation with zero lag, averaged over one full period of the sine wave, is unity. That is, the correlation is perfect. Introducing a lag of one bar in the autocorrelation process causes the average correlation to be decreased slightly. Introducing another bar of lag further decreases the average correlation, and so on. That is, until a lag of 10 bars is reached. In this case, the positive alternation of the sine wave is correlated with the negative alternation of the lagged waveform and the negative alternation of the sine wave is correlated with the positive alternation of the lagged waveform, with the result that perfect anticorrelation has been reached. Continued lag increases causes the average correlation to increase until a lag of 20 bars is reached. When the lag is equal to the period of the sine wave waveform, the correlation is again perfect. In this theoretical example, the correlation values as a function of lag vary exactly as a sine wave.
Market data are considerably messier than purely random numbers or perfect sine waves but contain features of both. However, the characteristics that are uncovered by autocorrelation offer unique trading perspectives. Aside from appearing psychedelic, there are two distinct characteristics of the autocorrelation indicator using minimum averaging. First, there is a sharp reversal from red to yellow and from yellow to red at the timing of price reversals for all periods of lag. Second, there is a variation of the thickness of the bars and the number of bars over the vertical range of the indicator as a function of time.
Key Signal
Corr --> Pearson correlation data array
Pros and Cons
I am sorry this script is NOT 100% as original Ehlers works but I modified it accordingly which demostrated with better visual effect.
Remarks
The 47th script for Blackcat1402 John F. Ehlers Week publication.
Courtesy of @RicardoSantos for RGB functions.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Synthetic Prices CandlesLevel: 2
Background
John F. Ehlers create Synthetic Prices Using Random Numbers with Memory in his "Cycle Analytics for Traders" chapter 8 on 2013.
Function
Peter Swerling is best known for the class of statistically “fluctuating target” scattering models he developed in the early 1950s to characterize the performance of pulsed radar systems, referred to as Swerling targets. He noted that the return radar echoes were noisy because of semirandom reflections from different parts of the aircraft because of the changing aspect of aircraft relative to the radar transmitter. There were different kinds of fluctuations due to target shape and size, radar wavelength, and so on. Some fluctuations would occur pulse to pulse, and others would vary more slowly, such as from scan to scan of the antenna. In fact, his early work led to the design of modern stealthy aircraft. The noisy radar echoes were successfully modeled as a constant plus a random number with memory. In terms recognized by traders, the echoes were modeled as an exponential moving average (EMA) passes numbers. The time constant of the EMA was different for the various models, and more complex models included several EMAs. The Swerling model is entirely consistent with the 1/F α spectral model that uses random inputs with long-term memory.
Since there has been a mountain of opinion regarding the randomness of the market, it is reasonable to apply a Swerling-like model toward the generation of synthetic data. The result is subjective, but appears to be a reasonable approximation to real market movement. There is no relationship between the real prices and the synthetic prices. Since random numbers are used, the display will change every time the indicator is computed. Since synthetic prices created by taking an EMA of random numbers are a reasonable approximation to real market prices, the prices can be viewed as random numbers with memory. A logical extension is that we can gain insight into market activity by correlating current prices with prices in the recent history to take advantage of the memory part of the model. At least that was Dr. Ehlers premise.
Key Signal
Cls--> Synthetic Close Prices
Hgh--> Synthetic High Prices
Lw --> Synthetic Low Prices
Opn--> Synthetic Open Prices
Pros and Cons
I am sorry this script is NOT 100% as original Ehlers works but I modified it accordingly which demostrated with better visual effect.
Remarks
The 46th script for Blackcat1402 John F. Ehlers Week publication.
Courtesy of @ midtownsk8rguy for random number generation.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
TradeChartist Ichimoku Trader ™TradeChartist Ichimoku Trader is an elegant and functional breakouts trading indicator that generates trade signals based on two types of breakouts - True Ichimoku Kumo Breakouts and Ichimoku Trade Bands Breakouts, which can be further filtered using ™TradeChartist MA Visualizer and/or using an external Filter.
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Cloud Settings form the fundamental factor for this indicator to detect the breakouts. The settings for the Ichimoku Cloud is Automatic by default, but this can be changed based on the user preference from the settings under 𝐂𝐥𝐨𝐮𝐝 𝐓𝐲𝐩𝐞, which also includes a manual input option. Ichimoku traders can experiment different settings combinations under manual settings to suit their trading frequency and timeframe traded.
Ichimoku Cloud with its components can be displayed or hidden by enabling/disabling 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐈𝐜𝐡𝐢𝐦𝐨𝐤𝐮 𝐂𝐥𝐨𝐮𝐝. Also, Sʜᴏᴡ Iᴄʜɪᴍᴏᴋᴜ Cʀᴏssᴇs from the Cloud Settings plots tiny crosses on chart.
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╔═════════ 𝗕𝗮𝗻𝗱𝘀 𝗦𝗲𝘁𝘁𝗶𝗻𝗴𝘀 ════════╗
Even though the Ichimoku Trade Bands are derived from the Cloud Parameters, the Bᴀɴᴅ Wɪᴅᴛʜ (0.236 - 1) and Lᴏᴏᴋʙᴀᴄᴋ (5 - 200) influences the sensitivity and the width of the bands, which has an effect on the risk and reward expected from Ichimoku Trade Bands Breakout trade.
Trade Bands can be displayed or hidden by enabling/disabling 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐈𝐜𝐡𝐢𝐦𝐨𝐤𝐮 𝐓𝐫𝐚𝐝𝐞 𝐁𝐚𝐧𝐝𝐬. Also, the Bands mean line can be enabled or disabled using 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐓𝐫𝐚𝐝𝐞 𝐁𝐚𝐧𝐝𝐬 𝐌𝐞𝐚𝐧 𝐋𝐢𝐧𝐞 check box and its line width can be changed using Tʀᴀᴅᴇ Bᴀɴᴅs Mᴇᴀɴ Lɪɴᴇ Wɪᴅᴛʜ dropdown.
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╔═════════ 𝗠𝗔 𝗩𝗶𝘀𝘂𝗮𝗹𝗶𝘇𝗲𝗿 ═════════╗
MA Visualizer is a powerful and very useful original ™TradeChartist visual method to plot Moving Averages of the close price of the security for user specified look back period in a visually appealing style in the form of colour coded bands. MA Visualizer not only helps the trader spot the price action of the security relative to the moving average, but also paints a visual picture of the trend strength, which must be seen and used on chart to appreciate its elegance. One of 15 different types of Moving Averages can be used to visualize the price action.
Activate 𝗠𝗔 𝗩𝗶𝘀𝘂𝗮𝗹𝗶𝘇𝗲𝗿 and choose the MA type from MA Vɪsᴜᴀʟɪᴢᴇʀ Tʏᴘᴇ dropdown and entering the lookback period in MA Vɪsᴜᴀʟɪᴢᴇʀ ᴘᴇʀɪᴏᴅ input box. MA Visualizer colour theme can be be changed from MA Vɪsᴜᴀʟɪᴢᴇʀ Cᴏʟᴏʀ Sᴄʜᴇᴍᴇ dropdown.
The faster of the two set of bands that form the MA Visualizer reacts to price action faster and can be clearly seen from its change of colour from Bull Colour to Bear Colour or viceversa earlier than the slower set of bands. The fill colour between the bands also helps the user stay in a trade or exit a trade based on other confirmators.
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╔═══════ 𝗦𝗶𝗴𝗻𝗮𝗹𝘀 𝗮𝗻𝗱 𝗙𝗶𝗹𝘁𝗲𝗿𝘀 ═══════╗
Signal Type
True Ichimoku Kumo Breakout
Ichimoku traders mostly use the Kumo breakouts for trading based on several Bullish and Bearish conditions. For the sake of effective trade entries, trade entry plots for specific cloud events like Kumo twists, Tenkan Sen crossing Kijun Sen, price crossing cloud components etc have been intentionally ignored as Ichimoku traders often tend to visually trade them effectively.
Ichimoku Trade Bands Breakout
In addition to the True Kumo Breakouts, users of this script will be able to trade Ichimoku Trade Bands Breakouts. Ichimoku Trade Bands is an original ™TradeChartist model designed to detect early trend changes based on the Ichimoku settings. These bands are comprised of three plots - an upper band, a lower band and a mean line, namely and all are derived from the Ichimoku settings. The bands act as a filter and a breakout from bands' extreme boundaries signals a change in trend. The settings of the bands can be derived automatically or using manual input based on Ichimoku Cloud parameters, accessed from the indicator settings.
The Breakout Trade Entries can be further filtered by use of MA Visualizer or by using an external filter connected to the script.
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╔═════════ 𝗙𝗶𝗹𝘁𝗲𝗿 𝗦𝗲𝘁𝘁𝗶𝗻𝗴𝘀 ═════════╗
Filters are normally used to reduce noise in the Trade Entry Signals and they can be quite effective in helping the trader stay in trade and to minimize unproductive trade entries. Ichimoku Trader enables the user to use upto two trade filters - MA Visualizer and /or External Filter respectively.
Moving Averages are very effective trade filters and if the right Moving Average is used with right lookback period based on trade type and timeframe traded, they can be very effective in filtering trades.
Enabling 𝐔𝐬𝐞 𝐌𝐀 𝐕𝐢𝐬𝐮𝐚𝐥𝐢𝐳𝐞𝐫 𝐚𝐬 𝐓𝐫𝐚𝐝𝐞 𝐅𝐢𝐥𝐭𝐞𝐫 filters breakouts only when MA Visualizer agrees with the trend (which can be visualized using the fill colour between the MA Visualizer plots.
Enabling Fɪʟᴛᴇʀ Eᴀʀʟʏ Vɪsᴜᴀʟɪᴢᴇʀ Bʀᴇᴀᴋᴏᴜᴛs in addition filters breakouts even if price closed above the upper MA Visualizer plot without having to agree with fill colour.
In addition to MA Visualizer Filter, and external filter like RSI, MACD etc. can also be used by connecting to Ichimoku Trader under ╔═══ 𝗣𝗹𝘂𝗴 𝗙𝗶𝗹𝘁𝗲𝗿 𝗵𝗲𝗿𝗲 ═══ 🔌 dropdown by enabling 𝐔𝐬𝐞 𝐄𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐅𝐢𝐥𝐭𝐞𝐫 𝐚𝐬 𝐓𝐫𝐚𝐝𝐞 𝐅𝐢𝐥𝐭𝐞𝐫. The external filter can be used as the only filter or in addition to MA Visualizer filter.
To get the external filter to work, Sɪɢɴᴀʟ Tʏᴘᴇ must be set right. For plots that are not oscillatory like Moving Averages, Super Trend etc., choose type as Non Oscillatory and for Oscillators like RSI, CCI, MACD etc., choose type as Oscillatory .
For Oscillators, levels must be specified for Fɪʟᴛᴇʀ Lᴇᴠᴇʟ ғᴏʀ ʟᴏɴɢs and Fɪʟᴛᴇʀ Lᴇᴠᴇʟ ғᴏʀ sʜᴏʀᴛs , especially if the Oscillator doesnt have 0 as mid line, like RSI. Even for 0 mid oscillators like CCI, filter levels like 100/-100 work effectively to filter noise.
Use 𝐓𝐫𝐚𝐝𝐞 𝐙𝐨𝐧𝐞𝐬 𝐁𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝 𝐅𝐢𝐥𝐥 under 𝗨𝘀𝗲𝗳𝘂𝗹 𝗘𝘅𝘁𝗿𝗮𝘀 to paint the trade zones background. It helps visually see the effect of filters on the breakout entries and also the trade performance.
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Ichimoku Trader also includes the following useful extras
𝐓𝐫𝐚𝐝𝐞 𝐙𝐨𝐧𝐞𝐬 𝐁𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝 𝐅𝐢𝐥𝐥 paints the trade zones in green and red as mentioned above.
Sʜᴏᴡ Hɪɢʜs ᴀɴᴅ Lᴏᴡs plots the highest highs of the Bull Zone and the lowest lows of the Bear Zone to help spot the wicks, support and resistance.
Tᴀᴋᴇ Pʀᴏғɪᴛ Bᴀʀs helps detect the volatility exhaustion prices and plots $ signs to help the trader take profits or move stop loss levels to secure gains or to reduce losses.
Vɪsᴜᴀʟɪᴢᴇʀ Cᴏʟᴏʀ Bᴀʀs paints the price bars with trend intensity and the user can opt from one of two themes under Bᴀʀ Cᴏʟᴏʀ Sᴄʜᴇᴍᴇ (Chilli and Flame).
The bar colors can be inverted by enabling Iɴᴠᴇʀᴛ Bᴀʀ Cᴏʟᴏʀs to see reverse bias with respect to the current trade direction.
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╔═════════ 𝗔𝗹𝗲𝗿𝘁𝘀 ═════════╗
Alerts can be created for Long and Short entries by using Once Per Bar Close as Alert Frequency. Entries are generated on Real time bars based on Breakout and filter conditions. It is recommended to wait for bar close before taking a position based on Ichimoku Trader Trade Entries.
The indicator does not repaint and can be confidently used for alerts and trade entries without worrying about signals disappearing.
™TradeChartist Ichimoku Trader 𝗧𝗿𝗲𝗻𝗱 𝗜𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗲𝗿 can also be connected to ™TradeChartist Plug and Trade to generate entries along with Targets, Stop Loss plots etc. Target and Stop Loss alerts can be created using Plug and Trade's Alerts system.
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There are several combinations of settings that can be tested on the security traded based on timeframe and risk/reward expectations. The indicator can be used for trade entries with filter combinations or can be used as standalone Visualizer for trend confirmations, levels etc. Following are a few examples using the Visualizer.
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1. BTC-USDT 1hr True Ichimoku Kumo Breakout with no filters.
2. BTC-USDT 1hr Ichimoku Trade Bands (Default) Breakout with no filters.
3. BTC-USDT 1hr Ichimoku Trade Bands (Default) Breakout using 200 period Hull MA Visualizer filter.
4. AAPL 4hr Ichimoku Trade Bands (Default) Breakout using 200 period VIDYA MA Visualizer filter. Note: VIDYA is normally used for long term trades.
5. GBP-USD 5m True Ichimoku Kumo Breakout using 144 period TEMA MA Visualizer filter and Money Flow Index connected as external filter with 80/20 Filter values.
6. XAU-USD 1hr Ichimoku Trade Bands (Default) Breakout using 144 period TEMA MA Visualizer and Keltner Channels basis line as external non-oscillatory filter, connected to ™TradeChartist Plug and Trade using Ichimoku Trader 𝗧𝗿𝗲𝗻𝗱 𝗜𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗲𝗿.
7. SHITPERP 1hr Ichimoku Trade Bands (0.618 Band Width and Lookback 89 periods) using 50 period Zero-Lag EMA Visualizer Filter.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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[blackcat] L3 Composite MACD-KDJ-RSI-WR-DMI Trading SystemLevel: 3
Background
The moving average convergence / divergence (MACD) indicator is a pulse oscillator that is mainly used to trade trends. Although it is an oscillator, it is not typically used to identify overbought or oversold conditions. It appears in the diagram as two lines that oscillate without limits. The crossing of the two lines provides trading signals similar to a system with two moving averages.
The KDJ indicator is a technical indicator used to analyze and predict changes in stock performance and the price patterns of a traded asset. The KDJ indicator is also known as the random index. It is a very useful technical indicator that is most commonly used in short term stock market trend analysis. KDJ is a derived form of the Stochastic Oscillator Indicator with the only difference that an additional line is called the J-line. Values of% K and% D indicate whether the security is overbought (over 80) or oversold (under 20). The moments when% K exceeds% D are the moments to sell or buy. The J line represents the deviation of the% D value from% K. The value of J can exceed for the% K and% D lines on the graph.
The Relative Strength Index (RSI) developed by J. Welles Wilder is a pulse oscillator that measures the speed and change of price movements. The RSI hovers between zero and 100. Traditionally, the RSI is considered overbought when it is above 70 and oversold when below 30. Signals can be generated by looking for divergences and error fluctuations.
Williams% R, also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams% R can be used to find entry and exit points in the market. The indicator is very similar to the stochastic oscillator and is used in the same way.
The Directional Movement Index (DMI) is an indicator developed by J. Welles Wilder in 1978 to determine in which direction asset prices are moving. The indicator does this by comparing previous highs and lows and drawing two lines: a positive movement line (+DI) and a negative movement line (-DI). The optional third line is called "Directional Movement (DX)" and it shows the difference between the two lines. When +DI is higher than -DI, the upward pressure on the price is greater than the downward pressure. If -DI is higher than +DI, the price will have greater downward pressure. This indicator can help traders assess the trend direction. Crosses between lines are sometimes used as buying and selling signals.
Function
L3 Composite MACD-KDJ-RSI-WR-DMI Trading System is a simple trading system composed of MACD-KDJ-RSI-WR-DMI together. It can produce 6 types of long entries and 3 types of short entries. It utilizes divergence effect from MACD, KDJ and RSI to detect trend reversal. 6 types of Bottom and top divergence labels are displayed in the chart together with "BUY" and "SELL".
NOTE:In order to make the actual label of the chart more clear, this script does not add stop loss and take profit functions and according labels.
Signal
b1~b3 ---> MACD, KDJ, RSI bottom divergence signal respectively, which hint bull trend may start soon.
d1~d3 ---> MACD, KDJ, RSI top divergence signal respectively, which hint bear trend may start soon.
longentry1~6 ---> with composite indicators together, 6 types of long entry signal are produced.
shortentry1~3 ---> with composite indicators together, 3 types of short entry signal are produced.
Pros and Cons
Pros:
1. excellent open-close, long-short entry signal generation with multiple powerful indicators
2. indicator resonance can help to promote the confidence level of signal and divergence alerts
Cons:
1. integration of multiple indicators is not deeply optimized. fake signal may be produced without filtering schemes
2. no range filter is added
Remarks
To celebrate number of followers exceeds 100. This is my first L3 script published.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
CryptoSignalScanner - Advanced BUY/SELL indicatorDESCRIPTION:
This script has been designed to do some swing trading on 4 hour and daily candles.
After some adjustments it also gives a good result on the lower timeframes 5m, 15m and 1h.
• This scripts is based on RSI, Stoch RSI and some other indicator(s).
• It provides BUY, SELL, STRONG BUY and STRONG SELL labels when loading the script.
• It is also possibility to set a BUY, STRONG BUY, SELL, STRONG SELL, BUY/SELL or STRONG BUY/STRONG SELL alert.
HOW TO USE:
• When a BUY signal appears it means that the trading pair is oversold. Wait for the reversal to buy. Use the Fibonacci tool together with the Eliot Waves Theory to BUY or SELL or wait for the SELL signal.
• When a SELL signal appears it means that the trading pair is overbought. SELL immediately or use the Fibonacci tool together with the Eliot Waves Theory to SELL.
FEATURES:
• You can show/hide the labels based on RSI, Stoch RSI input values.
• You can show/hide the labels based on Stoch RSI K and R input values.
• You can show/hide the labels based on Stoch RSI K and R crossing.
• You can show only STRONG BUY or STRONG SELL labels.
• Etc...
HOW TO GET ACCESS TO THE SCRIPT:
• Use the link below to subscribe to our indicators.
• Based on this script we provide telegram channels that provides signals for all Binance BTC, ETH, USDT and BNB pairs.
REMARKS:
• This advice is NOT financial advice.
• We do not provide personal investment advice and we are not a qualified licensed investment advisor.
• All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.
• We will not and cannot be held liable for any actions you take as a result of anything you read here.
• We only provide this information to help you make a better decision.
• While the information provided is believed to be accurate, it may include errors or inaccuracies.
Good Luck,
The CryptoSignalScanner Team
Total Trend Follow Study with Alerts, Pyramid and DCA
Introduction
This is the study version of my trend following strategy. It is designed to be a “drop in” replacement for its twin strategy. I have replicated the analysis logic and entry and exit procedures to produce a nearly identical result set to the strategy. Other than the properties tab, the inputs dialog is exactly the same. Backtest the strategy to determine the best inputs to trade. Then apply the same inputs to this study to forward test. Alerts are available for trade entry, take profit close, stop-loss exit and pyramid level. Please see the strategy version for a complete description of the trading behavior of this script.
In brief, this script is intended to benefit from long duration trending markets. The trading behavior is to buy on strength and sell on weakness. As such the trade orders maintain its directional bias according to price pressure. What you will see on the chart is long positions on the left side of the mountain and short on the right. Long and short positions are not intermingled as long as there exists a detectable trend. My trend following script uses the same pivot point calculations used by my range trader but this time rising pivots are long and falling pivots are short. I refer to pivots as a vertex in the inputs dialog box. The cone based measurement adds a peak, sides and a base to the calculation elements. This allows the inputs to focus on adjusting the location of trades and not just trend lines. The pivot points can be plotted on the backtest. You can use the vertex input values to move the pivots where you want trades to be. This script can be traded in four different modes: Long, Short, BiDir, and Flip Flop.
This script replicates the TradingView pyramid feature by adding a field to the inputs tab. Pyramiding works the same way in this script as its twin strategy. Each pyramid level increases the order size as a multiple of its level. This makes it easy to comply with NFA FIFO Rule 2-43(b) if the trades are executed here in America. The current pyramid level is reported in the summary label when reports are enabled. You can use this value to manually adjust the position size in your forward testing. I also expose an alert when the pyramid threshold is breached. Use the TradingView alert window to send yourself a message when the level increases.
In addition to pyramiding this script employs a DCA feature which can increase the order size in response to stopped out or winning streak trades. The number of losing trades is tracked through the “Debt Sequence” value displayed in the summary report. When the debt is recovered the sequence number resets to zero. You can use the “Debt Sequence” number to manually manage DCA on your forward test. The main difference between DCA and pyramids is that this implementation of DCA applies to new trades while pyramids affect open positions. If DCA is enabled be sure to set the limiter to prevent your account from depleting capital during runaway markets.
I also have a range trading version of this script for those not interested in trend following.
Design
This script is approximately 1800 lines of Pine 4 code and implements nine indicators on two time frames. The chart (primary) interval and one higher time frame which is based on the primary. The higher time frame identifies the trend for which the primary will trade. The original trading algorithms are a port from a much larger program on another trading platform. I've converted some of the statistical functions to use standard indicators available on TradingView. The setups make heavy use of the Hull Moving Average in conjunction with EMAs that form the Bill Williams Alligator as described in his book “New Trading Dimensions” Chapter 3. Lag between the Hull and the EMAs form the basis of the entry and exit points. The alligator itself is used to identify the trend main body.
Indicator Repainting
Indicator repainting is an industry wide problem which mainly occurs when you mix backtest data with real-time data. It doesn't matter which platform you use some form of this condition will manifest itself on your chart over time. The TradingView wiki has an in depth article on this subject in regard to the elements of the Pine language which contribute or are susceptible to this effect. In dealing with this problem from a prevention aspect in Pine, you have to accept some repaint to occur.
The goal of my repaint prevention in the study script is simply to ensure that my signal trading bias remains consistent between the strategy, study and broker. This actually turned out to be kind of a job since it interfered with another project goal to synchronize the entry and exits between the strategy and study scripts. The script execution engines are different between the Pine strategy and study. While the primary chart interval is quite manageable the higher time frame requires the security() function. TradingViewʼs higher time frame implementation, which interleaves the chart interval, combined with the critical “lookahead” parameter makes the solution necessarily complex. According the wiki regarding this issue, best practice comes down to the following two methods:
1. a = security(syminfo.tickerid, 'D', close , lookahead=barmerge.lookahead_on)
2. indexHighTF = barstate.isrealtime ? 1 : 0
indexCurrTF = barstate.isrealtime ? 0 : 1
a0 = security(syminfo.tickerid, 'D', close ,lookahead=barmerge.lookahead_off)
a = a0
This script employs method 2 with the only problem being the Pine sar() function which does not expose its internal bar series. The best work around would require hand coding the parabolic but the script is at the maximum local scopes and run-time duration so that option is not viable. So far, this hasn't proven to be much of a problem. I'm currently running several symbols, forex and crypto, the strategy and study remain highly correlated with no instances of completely opposite real-time signals. However, I have received some alerts with no corresponding plot on the chart but so far it only occurred on one symbol. I will continue to monitor this problem.
The Bottom Line. Does this script repaint. Yes, it will repaint about as much as every other multi-interval script which employs the best practice solutions available in the Pine Language.
Usage
Please be aware that the purpose of the study script is to perform forward testing of the configuration established in the backtest process. Therefore, the usage here in the study begins with the backtest configuration parameters. The following steps provide instructions to get this study script connected to the TradingView alert notification system. For a detailed description of how to create a trend following system using this script please see the strategy version.
Step 1. Create a chart with the trading instrument and interval used in the backtest.
Step 2. Find this script in the “Invite Only” section of the Indicators Dialog and apply it to the current chart.
Step 3. Copy the values from the backtest input dialog to the study.
Step 4. Open the TradingView Alert window.
Step 5. In the “Condition” drop down field find and select the name of the script.
Step 6. A new drop down field will appear with the alerts available in the script. This script exposes the following eight signals:
-- Long Entry Signal
-- Long Profit Signal
-- Long Stop-loss Signal
-- Long Pyramid
-- Short Entry Signal
-- Short Profit Signal
-- Short Stop-loss Signal
-- Short Pyramid
Select the signal for which you want notification.
Step 7. In the “Options” field select the frequency of the alert. Typically, "Once Per Bar" or "Once Per Bar Close" will be sufficient.
Step 8. Set the expiration date and time.
Step 9. Select the action of the alert. Currently TradingView offers six different actions:
-- Notify on App
-- Show Popup
-- Send Email
-- Webhook URL
-- Play Sound
-- Send Email to SMS
Step 10. Create a message to to transmitted with the alert. The script provides a default message which can be overridden with any custom description. The price, time and other reserved chart elements can be included in the message
Step 11. Click the “Create” button to generate this single alert.
Step 12. Repeat steps 1 through 11 for every signal you wish to receive.
This script is open for beta testing. After successful beta test it will become a commercial application available by subscription only. I’ve invested quite a lot of time and effort into making this the best possible signal generator for all of the instruments I intend to trade. I certainly welcome any suggestions for improvements. Thank you all in advance.
EasyBee59 v2.0EasyBee59 v2.0 for TradingView does tedious CC59 counting in your investment chart for you automatically. It then print out positive and negative numbers for each price bar. It also creates respectable support and resistance (SNR) levels based on CC59 counting results. In addition, it can print out reminders about important parameters that are happening so that you would not forget to consider them before placing trade orders. Smart phone and PC notifications of events occurring in the chart can be sent to you by server-side alerts so that you don't have to stay in front of the screen all the time.
Tools:
* Print CC59 numbers (Positive series from +1 to +23, negative series from -1 to -23).
* Draw +9 SNR and -9 SNR (Orange and sky-blue support and resistance levels created at count +9 and -9).
* Print K50% (Stochastic14-1-3 value crossing 50%).
* Set mySMA length (Default 10).
* Draw mySMA line (Increasing yellow / decreasing pink).
* Draw SMA13 line (Increasing green / decreasing red).
* Use Gap Finder (Find locations in chart where price bars are not touching or orverlapping).
* Use Max/Min Finder (Find price bars with max/min price among its nearest neighbours).
* Use K-Max/K-Min Finder (Find local max/min points of stochastic14-1-3).
* Use CAH Finder (Find Close Above High where the bar close above the high of its previous bar).
* Use CBL Finder (Find Close Below Low where the bar close below the low of its previous bar).
* Draw -D High/Low levels (High and low price of the previous day).
* Draw D-Open level (Open price of today).
* Set mySession (in NY time) (Default from 8 pm to 2 am).
* Paint mySession (Brown background during mySession time interval).
* Server-side alerts (Notify you on smart phones and PCs of events occurring in the chart such as "K-Max", "K-Min", "K50%", "New SNR","Hit SNR", "Gap", "Max", "Min", "CAH", "CBL", "mySMA up", "mySMA down", "SMA13 up", "SMA13 down", "Hit mySMA", "Hit -DH", "Hit -DL", "Hit D-Open" and "Hit SMA13").
Example utilizations of tools:
Trading The Nine:
After a long series of negative counting (done automatically by EasyBee59 v2.0) in a daily chart of BABA ended with a +1 price bar and closed above a downward pink mySMA5 line, a buy order could be placed in the +2 bar. Profit taking could be done in the +9 bar.
Trading The SNR:
After IPO in May 2012, weekly price of FB declined from the peak of 45 USD down to the bottom of 17.55 USD. Fibonacci projection of this correction with a ratio of 1.628 pointed to 61.96 USD. In April 2013, EasyBee59 v2.0 automatically created a new -9 SNR (support and resistance at -9 count) level in sky-blue. The price tightly went side-way just under this -9 SNR level for six weeks before it obviously broke upward. A buy order could be placed in the next bar. Profit taking could be done at the pre-determined price of 61.96 USD.
Trading The K50:
During a downtrend, an hourly chart of AAPL made a resistance point of 204.75 USD on 3rd August 2019. The price went down until the value of stochastic(14,1,3) recovered from below 20% up to 50%. At this point EasyBee59 v2.0 automatically printed "K50%" label. A buy order could be placed in the next bar and profit taking could be done at the pre-determined price of 204.75 USD.
Trading The Gap:
After failed to pass above an orange +9 SNR level, weekly BAC price jumped down leaving a unclosed gap at 16.83 USD. The unclosed gaps are often price targets for institutional traders. They could be located easily by EasyBee59 Gap Finder tool. After the value of stochastic(14,1,3) recovered from below 20% and the price managed to close above mySMA5 line. A buy order could be placed in the next bar and profit taking could be done at the pre-determined gap-closing price of 16.83 USD.
Trading SMA colors:
After IPO, PLNT weekly declined from a peak of 20.68 USD down to a bottom of 13.23 USD. During the downtrend, a pair of mySMA10 / SMA13 of pink / red colors was created automatically by EasyBee59 V2.0. Once the SMA pair change their colors to yellow / green, a buy order could be placed in the next bar and profit taking could be done at the IPO peak of 20.68 USD.
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The source code of EasyBee59 v2.0 for TradingView is protected. Only invited TradingView members can access and use this script.
Lifetime invitation access to this script cost 100 USDs (free future upgrades and online supports). Paypal, bank transfer and bitcoin payments are welcome.
For more informaton please contact the author (DrGraph or Nimit Chomnawang, PhD) via TradingView private chat
or in the comment field below.
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How to install the script:
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*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Remove older version of the script by clicking on the "X" button behind the indicator line at the top left corner of the chart window.
*Open a new chart at and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "EasyBee59 v2.0".
*Right click anywhere on the graph, choose "Color Theme", the select "Dark".
*Right click anywhere on the graph, choose "Settings".
*In "Symbol" tab, set "Precesion" to 1/100 for stock price or 1/100000 for forex and set "Time Zone" to your local time.
*In "Status line" tab, uncheck "Indicator Arguments" and "Indicator Values".
*In "Scales" tab, check "Indicator Last Value Label".
*In "Events" tab, check "Show Dividends on Chart", "Show Splits on Chart" and "Show Earnings on Chart".
*At the bottom of settings window, click on "Template", "Save As...", then name this theme of graph setting for future call up such as "DrGraph chart setting".
*Click OK.
For free TradingView plan, you can add two more indicators to the chart. That means you may add Stoch and Vol indicators with same parameters as those setup in EasyBee59 to your graph. DrGraph regularly publishes his educational ideas on using features provided in EasyBee59 for profitable investments. You can follow him for how to use the tools in trading stocks, forex, and crypto currencies.
Cloud Channel Signals Indicator [Quantigenics]The Cloud Channel Signals script is a key element of the Cloud Channel Signal System. It primarily focuses on identifying breakout and reversal trades through a sophisticated cloud channel overlay. The script, designed for overlay on the price portion of charts, displays a “cloud-like” channel that signals potential breakout and reversal points around the candles/bars, offering insights into price movements, volatility, and potential support or resistance zones at the outer bands of the channel.
As with all of our scripts, the "Cloud Channel Signals" script, is designed to work on ANY symbol and time frame. The input parameters can be adjusted to fit your specific trading style.
Technical Composition :
Cloud Channel Construction : The Cloud Channel Signals Script is characterized by its innovative Cloud Channel, a proprietary formulation that advances beyond traditional channel calculations. This channel is not a mere adaptation of Bollinger Bands or Donchian Channels; it sets itself apart through a complex blend of calculations. While incorporating elements like standard deviation and high/low price ranges, it notably introduces EMA-based adjustments and integrates intricate mathematical models. This sophisticated algorithmic approach results in a channel that adeptly marks price extremes and dynamically adapts to market volatility and trend shifts. Enhanced by advanced statistical methods, the Cloud Channel offers nuanced insights into market behavior. Its configuration is based on specific range calculations derived from price fluctuations over a defined period, paired with an evolved standard deviation method. This results in a multifaceted analytical tool that surpasses typical channel indicators in depth and sophistication, providing traders with a comprehensive, nuanced view of support and resistance areas.
Signal Generation Mechanism :
> Breakout Signals :
The script identifies breakout signals by assessing price crossover relative to a dynamically constructed channel. This channel is derived from a blend of moving averages and price extremes over a specified period. Oscillator crossovers aid in confirming breakout signals. These crossovers are determined by comparing the oscillator line, calculated as a difference between a transformed moving average and a kernel estimation, with a signal line derived from an exponential moving average of the oscillator.
> Reversal Signals :
Reversal signals are generated through mathematical analysis of price proximity to the channel's edges, which are calculated using a combination of EMA (Exponential Moving Average) values and the highest/lowest price points within a given time frame. The oscillator's role in identifying reversals involves assessing its value relative to its historical range, which is dynamically adjusted based on market conditions.
Oscillator Dynamics :
The oscillator is constructed using a combination of rational quadratic and Gaussian kernel functions applied to close prices. The length parameter of the oscillator controls the window of these calculations, impacting its responsiveness. The dynamic level adjustment in the oscillator is based on a calculated average of its peak and trough values over a specified period, offering adaptive sensitivity.
Channel Gradient Smoothness :
The gradient smoothness of the channel is a function of the variance between the channel's upper and lower bounds. This is visually represented through color intensity changes, reflecting the level of volatility and market momentum.
Trend Bias Assessment :
Trend Bias is calculated using a combination of high/low averages and smoothed price data. This involves taking the average of the highest and lowest prices over a specified length, then applying an exponential moving average to this average for trend direction assessment. This mathematical assessment of trend direction complements the breakout and reversal signals by aligning them with the prevailing market trend.
How to Use the Cloud Channel Signals System :
Usage Considerations:
The script must be configured with precision to ensure it aligns with the trader’s strategy. This involves meticulous setting of channel lengths, oscillator parameters, and trend bias length. For effective application, it’s essential to synchronize the input parameters with the companion "Cloud Channel Indicators" script, ensuring a unified analytical perspective. The option to choose real-time vs. post-bar-closure signal generation offers flexibility in trading styles, catering to both aggressive and conservative trading approaches.
Integration with Cloud Channel Indicators script :
> Use the "Cloud Channel Signals" script alongside the "Cloud Channel Indicators" script for comprehensive market analysis. Ensure identical input parameters across both scripts for consistency.
> Note: The lower indicators are from the 'Cloud Channel Indicators' script, complementing the 'Cloud Channel Signals' script seen here, which generates the 'cloud' and signals on the price chart.
> The 'Cloud Channel Indicators” script can be found here:
Understanding On-Chart Signals :
The script displays entry signals directly on the chart, offering visual cues for both breakout and reversal trading opportunities. Traders can toggle the display of these signals for either breakout or reversal trades, allowing customization based on their trading strategy.
Identifying Entry Points :
> Breakout Trades : Enable 'Show Break Out Trades' to view signals where the price crosses the cloud channel, coupled with oscillator crossovers. A bullish breakout is indicated when the price crosses above the top channel, and a bearish breakout when it crosses below the bottom channel.
> Reversal Trades : Activate 'Show Reversal Trades' to identify potential reversal points. These are highlighted when the price rebounds from the cloud channel's edges, supported by oscillator and trend bias indicators.
Setting Stop Losses Using Outer Bands : Employ the outer bands of the cloud channel as dynamic stop-loss levels. Position stop losses below the lower band for long trades and above the upper band for short trades, adjusting as the bands shift with market conditions.
Executing and Managing Trades : Enter trades based on the script’s breakout or reversal signals, in line with your risk management rules.
Adjust stop-loss levels : Adjust stop-loss levels according to the outer band movements and exit the trade based on reversal signals or profit targets determined by significant support or resistance levels indicated by the cloud channel.
Customizable Alerts for Trading Efficiency :
Set up TradingView alerts to notify you of crucial trading signals like breakout or reversal opportunities, or when the price reaches critical levels defined by the cloud channel.
Adapting Strategy to Market Dynamics:
Input Parameter Settings :
Important Usage Guidance : For seamless integration with its counterpart, the "Cloud Channel Indicators" script, it's crucial to align the input parameter settings across both scripts. When adjusting values from their defaults, ensure that corresponding parameters in both scripts are identically set. This synchronization is key to achieving a cohesive and accurate representation on your charts.
Intra-Bar Order Generation (IntraBar) : Allows traders to choose if signals are generated within the current bar (real-time) or after the bar closes, providing flexibility in signal timing.
Show Break Out/Reversal Trades (BreakOutTrades, ReversalTrades) : Enables traders to toggle the visibility of specific trade types - breakout or reversal trades - on the chart.
Show Text Labels (ShowSignalLabels) : Option to display text labels for signals, enhancing the clarity and readability of the chart.
Inner/Outer Channel Length (InnerChannelLength, OutterChannelLength) : Sets the calculation periods for the inner and outer channels, affecting the sensitivity and responsiveness of the cloud channel.
Oscillator Length (OscillatorLength) : Determines the length for the precision oscillator calculation, impacting its sensitivity to market movements.
Top/Bottom Level (TopLevel, BottomLevel) : Establishes the upper and lower bounds for the oscillator, used to identify overbought and oversold conditions.
Use Dynamic Level (Dynamic_Level_OnOff) : Provides an option to use dynamic levels in the oscillator, for a more adaptive and responsive analysis.
Trend Bias Length (TrendBiasLength) : Adjusts the period for the Trend Bias calculation, crucial for understanding the overall market trend.
Top/Bottom Channel Color (TopChannelColor, BottomChannelColor) : Customization options for the color of the top and bottom channels.
Smoothness of The Gradient (Smoothness) : Controls the smoothness level of the channel's gradient, allowing for visual customization.
Alert Setting Guidance :
The script includes a versatile alert system for notifying traders of critical trading signals:
Breakout and Reversal Trade Alerts : These alerts are activated for breakout and reversal signals based on the script’s analysis, which can be crucial for timely entries and exits.
Custom Alert Conditions : Traders can set up alerts in TradingView’s system to get notified under specific conditions, like when a new signal (arrow up/down) appears on the chart, tailoring the alerts to their trading strategies.
The "Cloud Channel Signals " script offers a valuable tool for traders looking to capitalize on breakout and reversal opportunities. Its advanced channel and oscillator settings, combined with customizable alert options, make it a valuable addition to any trader's arsenal. Users are encouraged to explore these settings to fully leverage the script's capabilities, keeping in mind that trading involves risks and past performance does not guarantee future results. For optimal results, this script is designed to be used in conjunction with the "Cloud Channel Indicators .
You can see the “Author’s instructions" below to get immediate access to Cloud Channel Signals Indicators & the rest of the “Quantigenics Premium Indicator Suite”.
HTF Oscillators RSI/ROC/MFI/CCI/AO - Dynamic SmoothingThe Interplay of Time Frames: A Balanced View
Navigating the markets often involves interpreting trends from multiple angles. The HTF Oscillators with Dynamic Smoothing indicator enables you to do just that. This tool provides the option to integrate smoothed oscillator readings from Higher Time Frames (HTF) into lower time frame charts, such as a 1-minute chart. By doing so, the indicator offers a balanced viewpoint that bridges the gap between micro and macro perspectives, helping you make informed decisions without losing sight of the broader market context.
Features
Multi-Oscillator Support
Choose from a range of popular oscillators like the Relative Strength Index (RSI), Rate of Change (ROC), Money Flow Index (MFI), Commodity Channel Index (CCI), and Awesome Oscillator (AO). These oscillators are commonly used as foundational building blocks in trading strategy scripts by traders worldwide. Switch effortlessly between them, depending on your trading strategy and requirements. To maintain consistency and a familiar user experience, our script adopts the same visual aesthetics that you'll find in Pine Script indicators on TradingView: a sleek purple line for the oscillator and a transparent band filling. These visual elements are not only pleasing to the eye but also widely appreciated by the trading community.
Dynamic Smoothing
The unique dynamic smoothing feature calculates a smoothing factor based on the ratio of minutes between the Higher Time Frame (HTF) and your current time frame. This provides a sleek and responsive oscillator line that still holds the weight of the longer trend. One of the significant advantages of this feature is user experience; when you change your time frame, the HTF-values in your settings will remain consistent. This ensures that you can easily switch between different time frames without losing the insights provided by your selected HTF.
Visual Aids
Visual cues are an essential part of any trading strategy. The indicator not only plots signals to mark overbought and oversold conditions based on the dynamically smoothed oscillator but also provides you with the flexibility to customize your visual experience. You have the option to toggle on/off the display of these signals depending on your specific needs. Additionally, bands can be displayed at overbought and oversold levels, along with a reference middle line. If you switch between different oscillators (available in the parameter settings), remember to manually adjust the bands in the input settings to ensure signals matches with the type of oscillator to your liking.
User-Friendly Settings
We've grouped related settings together, making it easier for you to find what you're looking for. Adjust the oscillator type, length of bars, smoothing settings, and more with just a few clicks.
Information Table
A standout feature of this indicator is the real-time information table, which displays the values of all selected oscillators based on your specified Higher Time Frame (HTF) settings. This can be particularly useful for traders who depend on multiple indicators for their decision-making process. The data presented in the table is synchronized with the HTF options you've configured in the input settings, allowing for a more efficient and quick scan of values from higher time frames.
Educational Corner: The Power of the Information Table and Customization
The table incorporated into this indicator isn't just eye-candy; it's a practical tool designed to elevate your trading strategy. It dynamically displays real-time values of various oscillators for the HTF you've chosen. This is an exemplary use of TradingView's scripting capabilities to blend multiple indicators into a single visual panel, streamlining your analysis and decision-making process.
But here's the best part: You're not limited to what we've created. With some basic understanding of TradingView's scripting language, Pine Script, you can easily adapt this table to include different indicators that suit your unique trading style. The logic in the script is modular and can serve as a foundation for your own customized trading dashboard. So, go ahead, get creative and explore new combinations of indicators that will help you excel in your trading endeavors!
You no longer have to toggle between different charts or indicators to get the information you need; it's all there in one neatly organized table. We encourage you to tap into this feature and make it your own, empowering your trading like never before.
By doing so, you not only gain a more comprehensive toolset, but you also engage more deeply with your trading strategy, understanding its nuances and, ultimately, making more informed decisions.
Conclusion
The HTF Oscillators with Dynamic Smoothing is a versatile and powerful tool that brings together the best of both worlds: the perspective of higher time frames and the granularity of shorter ones. Its feature-rich setting options and real-time information table make it a potential useful addition to your trading toolkit.
Remember, while this indicator offers a comprehensive and smarter way to look at the markets, it is not a foolproof method for predicting market movements. Always use it in conjunction with other analysis methods and risk management strategies.
Volume Profile Visible Range For All AccountsVolume Profile Visible Range For All Accounts is displaying volume from price perspective. It’s done by summing volume by the “estimated” transaction price. This version is estimating it based on public volume data so it can be used with any account.
Volume Profile is a powerful tool commonly used by PRO users, to disseminate its use also by users who operate on basic volume data, we have prepared a set of scripts:
Volume Profile For All Accounts – Analyze last 50-20000 bars.
Volume Profile From Date For All Accounts – Analyze all bars since start date.
Volume Profile Range For All Accounts – Analyze bars in a range between start and end date.
Volume Profile Visible Range For All Accounts – Analyze bars in the range visible on the screen.
If after reading script description something is not clear, do not hesitate to ask. We are helping all users.
Script Settings:
| SCANNER VISUALIZATION |
Rows – Number of rows
Width – Width of the visualization.
Position – Position of the visualization:
S_DU – At START of the area (left edge of the screen), DOWN first
S_UD – At START of the area (left edge of the screen), UP first
BE_DU – At BEFORE END of the area, DOWN first
BE_UD – At BEFORE END of the area, UP first
E_DU – At END of the area, DOWN first
E_UD – At END of the area, UP first
Color Up – Color of volume classified as move Up, or Both if separation is off.
Color Down - Color of volume classified as move Down
Color Border – Border color.
Up/Down separate – Draw separate volume classified as Up and Down
Show values – Showing volume values of the bars.
Troubleshooting:
In case of any problems, send error details to the author of the script.
BT Leading Candle IndicatorThe oscillator display consists of 3 lines (K, D and J - hence the name of the display) and 2 levels. K and D are the same lines you see when using the stochastic oscillator. The J line in turn represents the deviation of the D value from the K value. The convergence of these lines indicates new trading opportunities. Just like the Stochastic Oscillator, oversold and overbought levels correspond to the times when the trend is likely to reverse.
Function
BT Leading KDJ Candle Indicator use candles to indicate KD relationship. E.g. yellow candles for bull (K>=D) and fuchsia candles for bear (K=D and fuchsia for K KDJ K value
d --> KDJ D value
buysig --> KD buy signal in green triangle
selsig --> KD sell signal in red triangle
leadingline --> colorful leading line for KDJ
Pros and Cons
Pros:
1. Candle height can indicates the strength of trend and different colors are used for indicating KD relationship
2. a leading line is added as aux method to confirm KDJ signal
Cons:
1. It may satruate for extreme conditions of long and short as described in the chart, which is inherent KDJ shortcoming.
2. Not accurate for long and short entries and need filtering out noise and fake signal.
Remarks
More direct to observe and confirm trend with the leading line.
Read me
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Trading view is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Trading view community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or man hours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many
Volume Profile Range For All AccountsVolume Profile Range For All Accounts is displaying volume from price perspective. It’s done by summing volume by the “estimated” transaction price. This version is estimating it based on public volume data so it can be used with any account.
Volume Profile is a powerful tool commonly used by PRO users, to disseminate its use also by users who operate on basic volume data, we have prepared a set of scripts:
Volume Profile For All Accounts – Analyze last 50-20000 bars.
Volume Profile From Date For All Accounts – Analyze all bars since start date.
Volume Profile Range For All Accounts – Analyze bars in a range between start and end date.
Traiding View is supporting paid users with Volume Profile on extended volume dataset. We recommend to use it, because of access to more precise data.
Script Initialization:
After adding this script to the chart, a blue dialog with ‘Set the “start date” time for “VPR”’ label will be shown. You should pick ‘start date’ on the chart by pressing point on the chart. A line will appear in that place, that can be moved later by move over and catching a rectangle dot over the line.
After ‘start date’ selection, a blue dialog with ‘Set the “end date” time for “VPR”’. You should pick the ‘end date’ on the chart by pressing point on the chart. A line will appear in that place, that can be moved later by move over and catching a rectangle dot over the line.
If picked range is too small, a red label “Range should be bigger than 50 bars” will be shown. In that case just catch the rectangle dot over the line and move it to increase the range.
Settings:
SCANNER VISUALIZATION
Start date – Start date from which bars should be taken into account during calculations. For the narrow range, the estimation may differ significantly from the Volume Profile available for Paid Traiding View users.
End date – End date to which bars should be taken into account during calculations. For the narrow range, the estimation may differ significantly from the Volume Profile available for Paid Traiding View users.
Rows – Number of rows
Width – Width of the visualization.
Position – Position of the visualization:
S_DU – At START of the area, DOWN first
S_UD – At START of the area, UP first
BE_DU – At BEFORE END of the area, DOWN first
BE_UD – At BEFORE END of the area, UP first
E_DU – At END of the area, DOWN first
E_UD – At END of the area, UP first
Color Up – Color of volume classified as move Up, or Both if separation is off.
Color Down - Color of volume classified as move Down
Color Border – Border color.
Up/Down separate – Draw separate volume classified as Up and Down
Show values – Showing volume values of the bars.
Troubleshooting:
In case of any problems, send error details to the author of the script.
