ReversalChartPatternLibraryLibrary "ReversalChartPatternLibrary"
User Defined Types and Methods for reversal chart patterns - Double Top, Double Bottom, Triple Top, Triple Bottom, Cup and Handle, Inverted Cup and Handle, Head and Shoulders, Inverse Head and Shoulders
method delete(this)
Deletes the drawing components of ReversalChartPatternDrawing object
Namespace types: ReversalChartPatternDrawing
Parameters:
this (ReversalChartPatternDrawing) : ReversalChartPatternDrawing object
Returns: current ReversalChartPatternDrawing object
method delete(this)
Deletes the drawing components of ReversalChartPattern object. In turn calls the delete of ReversalChartPatternDrawing
Namespace types: ReversalChartPattern
Parameters:
this (ReversalChartPattern) : ReversalChartPattern object
Returns: current ReversalChartPattern object
method lpush(this, obj, limit, deleteOld)
Array push with limited number of items in the array. Old items are deleted when new one comes and exceeds the limit
Namespace types: ReversalChartPattern
Parameters:
this (ReversalChartPattern ) : array object
obj (ReversalChartPattern) : ReversalChartPattern object which need to be pushed to the array
limit (int) : max items on the array. Default is 10
deleteOld (bool) : If set to true, also deletes the drawing objects. If not, the drawing objects are kept but the pattern object is removed from array. Default is false.
Returns: current ReversalChartPattern object
method draw(this)
Draws the components of ReversalChartPatternDrawing
Namespace types: ReversalChartPatternDrawing
Parameters:
this (ReversalChartPatternDrawing) : ReversalChartPatternDrawing object
Returns: current ReversalChartPatternDrawing object
method draw(this)
Draws the components of ReversalChartPatternDrawing within the ReversalChartPattern object.
Namespace types: ReversalChartPattern
Parameters:
this (ReversalChartPattern) : ReversalChartPattern object
Returns: current ReversalChartPattern object
method scan(zigzag, patterns, errorPercent, shoulderStart, shoulderEnd)
Scans zigzag for ReversalChartPattern occurences
Namespace types: zg.Zigzag
Parameters:
zigzag (Zigzag type from HeWhoMustNotBeNamed/ZigzagTypes/2) : ZigzagTypes.Zigzag object having array of zigzag pivots and other information on each pivots
patterns (ReversalChartPattern ) : Existing patterns array. Used for validating duplicates
errorPercent (float) : Error threshold for considering ratios. Default is 13
shoulderStart (float) : Starting range of shoulder ratio. Used for identifying shoulders, handles and necklines
shoulderEnd (float) : Ending range of shoulder ratio. Used for identifying shoulders, handles and necklines
Returns: int pattern type
method createPattern(zigzag, patternType, patternColor, riskAdjustment)
Create Pattern from ZigzagTypes.Zigzag object
Namespace types: zg.Zigzag
Parameters:
zigzag (Zigzag type from HeWhoMustNotBeNamed/ZigzagTypes/2) : ZigzagTypes.Zigzag object having array of zigzag pivots and other information on each pivots
patternType (int) : Type of pattern being created. 1 - Double Tap, 2 - Triple Tap, 3 - Cup and Handle, 4 - Head and Shoulders
patternColor (color) : Color in which the patterns are drawn
riskAdjustment (float) : Used for calculating stops
Returns: ReversalChartPattern object created
method getName(this)
get pattern name of ReversalChartPattern object
Namespace types: ReversalChartPattern
Parameters:
this (ReversalChartPattern) : ReversalChartPattern object
Returns: string name of the pattern
method getDescription(this)
get consolidated description of ReversalChartPattern object
Namespace types: ReversalChartPattern
Parameters:
this (ReversalChartPattern) : ReversalChartPattern object
Returns: string consolidated description
method init(this)
initializes the ReversalChartPattern object and creates sub object types
Namespace types: ReversalChartPattern
Parameters:
this (ReversalChartPattern) : ReversalChartPattern object
Returns: ReversalChartPattern current object
ReversalChartPatternDrawing
Type which holds the drawing objects for Reversal Chart Pattern Types
Fields:
patternLines (Line type from HeWhoMustNotBeNamed/DrawingTypes/1) : array of Line objects representing pattern
entry (Line type from HeWhoMustNotBeNamed/DrawingTypes/1) : Entry price Line
target (Line type from HeWhoMustNotBeNamed/DrawingTypes/1) : Target price Line
patternLabel (Label type from HeWhoMustNotBeNamed/DrawingTypes/1)
ReversalChartPattern
Reversal Chart Pattern master type which holds the pattern components, drawings and trade details
Fields:
pivots (Pivot type from HeWhoMustNotBeNamed/ZigzagTypes/2) : Array of Zigzag Pivots forming the pattern
patternType (series int) : Defines the main type of pattern 1 - Double Tap, 1 - Triple Tap, 3 - Cup and Handle, 4 - Head and Shoulders
patternColor (series color) : Color in which the pattern will be drawn on chart
riskAdjustment (series float) : Percentage adjustment of risk. Used for setting stops
drawing (ReversalChartPatternDrawing) : ReversalChartPatternDrawing object which holds the drawing components
trade (Trade type from HeWhoMustNotBeNamed/TradeTracker/1) : TradeTracker.Trade object holding trade components
Komut dosyalarını "top" için ara
Bitcoin Investor Tool: 2-Year MA MultiplierIt is two 2 year length sma's. One sma*5 another just sma.
It is a long term investing tool with Valuation scores in a upper right corner. When price moves from a middle up scores decreas maximum to -1 in a near place to higher sma which usually a top of cycle.
When price moves near to bottom sma score indcreasing to +1 maximum
Visual reprasantation of valuation you can see on a color of sma's. When upper sma become red, means top is close, when bottom sma become green, bottom is close, the same with background.
You can send allert with values.
Example of scores
EMA bridge and dashboard with color coding.
Summary:
This is a custom moving average indicator script that calculates and plots different Exponential Moving Averages (EMAs) based on user-defined input values. The script also displays MACD and RSI, and provides a table that displays the current trend of the market in a color-coded format.
Explanation:
- The script starts by defining the name of the indicator and the different inputs that the user can customize.
- The inputs include bridge values for three different EMAs (high, close, and low), and four other EMAs (5, 50, 100, and 200).
- The script assigns values to these inputs using the `ta.ema()` function.
- Additionally, the script calculates EMAs for higher timeframes (3m, 5m, 15m, and 30m).
- The script then plots the EMAs on the chart using different colors and line widths.
- The script defines conditions for going long or short based on the crossover of two EMAs.
- It plots triangles above or below bars to indicate the crossover events.
- The script also calculates and displays the RSI and MACD of the asset.
- Finally, the script creates a table that displays the current trend of the market in a color-coded format. The table can be positioned on the top, middle, or bottom of the chart and on the left, center, or right side of the chart.
Parameters:
- i_ema_h: Bridge value for high EMA (default=34)
- i_ema_c: Bridge value for close EMA (default=34)
- i_ema_l: Bridge value for low EMA (default=34)
- i_ema_5: Value for 5-period EMA (default=5)
- i_ema_50: Value for 50-period EMA (default=50)
- i_ema_100: Value for 100-period EMA (default=100)
- i_ema_200: Value for 200-period EMA (default=200)
- i_f_ema: Value for fast EMA used in MACD calculation (default=9)
- i_s_ema: Value for slow EMA used in MACD calculation (default=21)
- fastInput: Value for fast length used in MACD calculation (default=7)
- slowInput: Value for slow length used in MACD calculation (default=14)
- tableYposInput: Vertical position of the table (options: top, middle, bottom; default=middle)
- tableXposInput: Horizontal position of the table (options: left, center, right; default=right)
- bullColorInput: Color of the table cell for a bullish trend (default=green)
- bearColorInput: Color of the table cell for a bearish trend (default=red)
- neutColorInput: Color of the table cell for a neutral trend (default=white)
- neutColorLabelInput: Color of the label for neutral trend in the table (default=fuchsia)
Usage:
To use this script, simply copy and paste it into the Pine Editor on TradingView. You can then customize the input values to your liking or leave them at their default values. Once you have added the script to your chart, you can view the EMAs, MACD, RSI, and trend table on the chart. The trend table provides a quick way to assess the current trend of the market at a glance.
Patrick Walker Flat BaseThis pine script is provide recent support and resistance.
Script will use ema8, ema21, sma50 and sma200 to generate the support and resistance line.
Inspired from Patrick Walker style of trading. This is my personal logic i build studying the charts.
There is 3 types of resistance generated by this script.
1) top resistance 1
when ema8 > ema21 and low > ema8 and gap between ema21 and sma50 is less than 10% and in last 3 days previous 4th days highs is not crossed by close.
2) top resistance 2
when close/open below ema21 and ema8 > ema21 and high >= ema8 and ema21 > sma50 and gap between ema21 and sma50 is less than 10%
3) bottom resistance
when ema8 < ema21 and close/open cross above ema8 but high < ema21
Double Candle Trend Counter [theEccentricTrader]█ OVERVIEW
This indicator counts the number of confirmed double candle trend scenarios on any given candlestick chart and displays the statistics in a table, which can be repositioned and resized at the user's discretion.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Upper Candle Trends
• A higher high candle is one that closes with a higher high price than the high price of the preceding candle.
• A lower high candle is one that closes with a lower high price than the high price of the preceding candle.
• A double-top candle is one that closes with a high price that is equal to the high price of the preceding candle.
Lower Candle Trends
• A higher low candle is one that closes with a higher low price than the low price of the preceding candle.
• A lower low candle is one that closes with a lower low price than the low price of the preceding candle.
• A double-bottom candle is one that closes with a low price that is equal to the low price of the preceding candle.
Muti-Part Upper and Lower Candle Trends
• A multi-part higher high trend begins with the formation of a new higher high and continues until a new lower high ends the trend.
• A multi-part lower high trend begins with the formation of a new lower high and continues until a new higher high ends the trend.
• A multi-part higher low trend begins with the formation of a new higher low and continues until a new lower low ends the trend.
• A multi-part lower low trend begins with the formation of a new lower low and continues until a new higher low ends the trend.
Double Candle Trends
• A double uptrend candle trend is formed when a candle closes with both a higher high and a higher low.
• A double downtrend candle trend is formed when a candle closes with both a lower high and a lower low.
Multi-Part Double Candle Trends
• A multi-part double uptrend candle trend begins with the formation of a new double uptrend candle trend and continues until a new lower high or lower low ends the trend.
• A multi-part double downtrend candle trend begins with the formation of a new double downtrend candle trend and continues until a new higher high or higher low ends the trend.
█ FEATURES
Inputs
• Start Date
• End Date
• Position
• Text Size
• Show Plots
Table
The table is colour coded, consists of seven columns and, as many as, thirty-two rows. Blue cells denote the multi-part trend scenarios, green cells denote the corresponding double uptrend candle trend scenarios and red cells denote the corresponding double downtrend candle trend scenarios.
The multi-part double candle trend scenarios are listed in the first column with their corresponding total counts to the right, in the second and fifth columns. The last row in column one, displays the sample period which can be adjusted or hidden via indicator settings.
The third and sixth columns display the double candle trend scenarios as percentages of total 1-part double candle trends. And columns four and seven display the total double candle trend scenarios as percentages of the last, or preceding double candle trend part. For example 4-part double uptrend candle trends as percentages of 3-part double uptrend candle trends.
Plots
I have added plots as a visual aid to the double candle trend scenarios. Green up-arrows, with the number of the trend part, denote double uptrend candle trends. Red down-arrows, with the number of the trend part, denote double downtrend candle trends.
█ HOW TO USE
This indicator is intended for research purposes, strategy development and strategy optimisation. I hope it will be useful in helping to gain a better understanding of the underlying dynamics at play on any given market and timeframe.
It can, for example, give you an idea of whether the current double candle trend will continue or fail, based on the current trend scenario and what has happened in the past under similar circumstances. Such information can be useful when conducting top down analysis across multiple timeframes and making strategic decisions.
What you do with these statistics and how far you decide to take your research is entirely up to you, the possibilities are endless.
█ LIMITATIONS
Some higher timeframe candles on tickers with larger lookbacks such as the DXY , do not actually contain all the open, high, low and close (OHLC) data at the beginning of the chart. Instead, they use the close price for open, high and low prices. So, while we can determine whether the close price is higher or lower than the preceding close price, there is no way of knowing what actually happened intra-bar for these candles. And by default candles that close at the same price as the open price, will be counted as green. You can avoid this problem by utilising the sample period filter.
It is also worth noting that the sample size will be limited to your Trading View subscription plan. Premium users get 20,000 candles worth of data, pro+ and pro users get 10,000, and basic users get 5,000. If upgrading is currently not an option, you can always keep a rolling tally of the statistics in an excel spreadsheet or something of the like.
RD Key Levels (Weekly, Daily, Previous vWAP)The RexDog Key Levels indicator plots the weekly open, daily open, and the previous day vWAP close.
These are all critical price levels (zones) to know when trading any market or instrument. These areas are also high probability reaction areas that you can trade using simple confirmation trading patterns.
First, I'll cover an overview of the indicator then I'll share general usage tips.
Weekly Open - default is white/orange. White is when price is above the weekly open. Orange is when price is below the weekly open.
Weekly High/Low - there are options to turn on the weekly high and lows. Default plot is circles. Green is the high. Red is the low.
Daily Open - default is green/red. Green is when price is above the daily open. Red is when price is below the daily open.
Previous vWAPs - aqua single lines. These are the closing price of the daily vWAPs.
Top Indicators - The triangles at the top of the chart signify is price is currently above or below the weekly open. This is helpful on lower timeframe charts (5m, 15m) to get a quick indication when price is far extended beyond the weekly open. Green triangle = above weekly open. Red triangle = below weekly open.
General Usage
Each one of these levels are important levels markets look use for continuation or failure of momentum and bias. I also find it extremely helpful to think of these levels as magnets, dual magnets. They both attract and repel price at the same time. Now you might say, how is that helpful to have opposing views at the same time? Be indifferent to direction, create your own rules on when these price zones repel or attract price, I have my own.
Here's the easiest way to use these price levels.
As price approaches one of these levels to expect a reaction. A reaction is price is going in one direction and price hits a price level zone and reacts in the opposite direction.
These are price zones, sometimes you will see a reaction right at the price but visualize these areas as zones of reaction.
A high percentage of the time when price approaches these level zones there will be a reaction. So trade the reaction .
How do you do that?
Simple. Trade patterns that repeat. I have 3 solid patterns I trade around these key levels:
The first pattern is early entry with precise scale in rules and a very effective protective stop loss placement.
The second pattern is wait for confirmation that the level holds. This requires more patience and for you to fully trust the chart. The benefit of this pattern is with confirmation you have even more precise stop placement.
There is a bonus third pattern I trade around these levels. I call this the confirmation and bluff entry. It's a combination of both of the patterns above. You wait for confirmation but on any pull back you call the bluff on the market and enter on key test. Trade management here is critical. In addition to the pattern you trade you should have a series of failure patterns that tell you to get out of the trade, I use 2 primary failure patterns.
I trade all markets, same system, same rules, so I'll show a few examples.
Usually I start with Bitcoin but let's start with equities:
BA - Boeing - 8 Trades
Here we see weekly low patterns, previous week low test, vwAP hold patterns, day magnets and day holding. Then 2 week failures and a double hold pattern.
These are all straightforward trades to execute following really simple patterns.
BTCUSD Previous vWAP and Day Open Trades
We see here on the circle areas both daily open and previous day vWAP zone tests. Within this chart are all 3 highly effective patterns I trade.
SPY - 7 High Probability Trades
Here we see a pDay vWAP mixed with a daily failure. Next a daily retest, then a pDay vWAP failure, then a vWAP capture and test. Then a double weekly failure test (great trade there) and finally a daily test.
I could provide more examples but most are just derivatives of the above examples.
Upper and Lower Candle Trend Counter [theEccentricTrader]█ OVERVIEW
This indicator counts the number of confirmed upper and lower candle trend scenarios on any given candlestick chart and displays the statistics in a table, which can be repositioned and resized at the user's discretion.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Upper Candle Trends
• A higher high candle is one that closes with a higher high price than the high price of the preceding candle.
• A lower high candle is one that closes with a lower high price than the high price of the preceding candle.
• A double-top candle is one that closes with a high price that is equal to the high price of the preceding candle.
Lower Candle Trends
• A higher low candle is one that closes with a higher low price than the low price of the preceding candle.
• A lower low candle is one that closes with a lower low price than the low price of the preceding candle.
• A double-bottom candle is one that closes with a low price that is equal to the low price of the preceding candle.
Muti-Part Upper and Lower Candle Trends
• A multi-part higher high trend begins with the formation of a new higher high and continues until a new lower high ends the trend.
• A multi-part lower high trend begins with the formation of a new lower high and continues until a new higher high ends the trend.
• A multi-part higher low trend begins with the formation of a new higher low and continues until a new lower low ends the trend.
• A multi-part lower low trend begins with the formation of a new lower low and continues until a new higher low ends the trend.
█ FEATURES
Inputs
• Start Date
• End Date
• Position
• Text Size
Table
The table is colour coded, consists of seven columns and, as many as, sixty-two rows. Blue cells denote the multi-part trend scenarios, green cells denote the corresponding upper candle trend scenarios and red cells denote the corresponding lower candle trend scenarios.
The multi-part candle trend scenarios are listed in the first column with their corresponding total counts to the right, in the second and fifth columns. The last row in column one, displays the sample period which can be adjusted or hidden via indicator settings.
The third and sixth columns display the candle trend scenarios as percentages of total 1-part candle trends. And columns four and seven display the total candle trend scenarios as percentages of the last, or preceding candle trend part. For example 4-part higher high trends as a percentages of 3-part higher high trends. This offers more insight into what might happen next at any given point in time.
Plots
For a visual aid to this indicator please use in conjunction with my Upper Candle Trends and Lower Candle Trends indicators which can both be found on my profile page under scripts, or in community scripts under the same names.
Green up-arrows, with the number of the trend part, denote higher high trends when above bar and higher low trends when below bar. Red down-arrows, with the number of the trend part, denote lower high trends when above bar and lower low trends when below bar.
█ HOW TO USE
This is intended for research purposes, strategy development and strategy optimisation. I hope it will be useful in helping to gain a better understanding of the underlying dynamics at play on any given market and timeframe.
It can, for example, give you an idea of whether the current upper or lower candle trend will continue or fail, based on the current trend scenario and what has happened in the past under similar circumstances. Such information can be useful when conducting top down analysis across multiple timeframes and making strategic decisions.
What you do with these statistics and how far you decide to take your research is entirely up to you, the possibilities are endless.
█ LIMITATIONS
Some higher timeframe candles on tickers with larger lookbacks such as the DXY , do not actually contain all the open, high, low and close (OHLC) data at the beginning of the chart. Instead, they use the close price for open, high and low prices. So, while we can determine whether the close price is higher or lower than the preceding close price, there is no way of knowing what actually happened intra-bar for these candles. And by default candles that close at the same price as the open price, will be counted as green. You can avoid this problem by utilising the sample period filter.
It is also worth noting that the sample size will be limited to your Trading View subscription plan. Premium users get 20,000 candles worth of data, pro+ and pro users get 10,000, and basic users get 5,000. If upgrading is currently not an option, you can always keep a rolling tally of the statistics in an excel spreadsheet or something of the like.
Double Trend Counter [theEccentricTrader]█ OVERVIEW
This indicator counts the number of confirmed double trend scenarios on any given candlestick chart and displays the statistics in a table, which can be repositioned and resized at the user's discretion.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Muti-Part Upper and Lower Trends
• A multi-part return line uptrend begins with the formation of a new return line uptrend and continues until a new downtrend ends the trend.
• A multi-part downtrend begins with the formation of a new downtrend and continues until a new return line uptrend ends the trend.
• A multi-part uptrend begins with the formation of a new uptrend and continues until a new return line downtrend ends the trend.
• A multi-part return line downtrend begins with the formation of a new return line downtrend and continues until a new uptrend ends the trend.
Double Trends
• A double uptrend is formed when the current trough price is higher than the preceding trough price and the current peak price is higher than the preceding peak price.
• A double downtrend is formed when the current peak price is lower than the preceding peak price and the current trough price is lower than the preceding trough price.
Muti-Part Double Trends
• A multi-part double uptrend begins with the formation of a new uptrend that proceeds a new return line uptrend, and continues until a new downtrend or return line downtrend ends the trend.
• A multi-part double downtrend begins with the formation of a new downtrend that proceeds a new return line downtrend, and continues until a new uptrend or return line uptrend ends the trend.
█ FEATURES
Inputs
• Start Date
• End Date
• Position
• Text Size
Table
The table is colour coded, consists of seven columns and, as many as, fifteen rows. Blue cells denote the multi-part trend scenarios, green cells denote the corresponding double uptrend scenarios and red cells denote the corresponding double downtrend scenarios.
The double trend scenarios are listed in the first column with their corresponding total counts to the right, in the second and fifth columns. The last row in column one, displays the sample period which can be adjusted or hidden via indicator settings.
The third and sixth columns display the double trend scenarios as percentages of total 1-part double trends. And columns four and seven display the total double trend scenarios as percentages of the last, or preceding double trend part. For example, 4-part double trends as percentages of 3-part double trends and so on.
Plots
For a visual aid to this indicator please use in conjunction with my Double Trends indicator which can be found on my profile page under scripts, or in community scripts under the same name.
Green up-arrows, with the number of the double trend part, denote double uptrends. Red down-arrows, with the number of the double trend part, denote double downtrends.
█ HOW TO USE
This indicator is intended for research purposes, strategy development and strategy optimisation. I hope it will be useful in helping to gain a better understanding of the underlying dynamics at play on any given market and timeframe.
It can, for example, give you an idea of whether the current double trend will continue or fail, based on the current double trend scenario and what has happened in the past under similar circumstances. Such information can be very useful when conducting top down analysis across multiple timeframes and making strategic decisions.
What you do with these statistics and how far you decide to take your research is entirely up to you, the possibilities are endless.
█ LIMITATIONS
Some higher timeframe candles on tickers with larger lookbacks such as the DXY , do not actually contain all the open, high, low and close (OHLC) data at the beginning of the chart. Instead, they use the close price for open, high and low prices. So, while we can determine whether the close price is higher or lower than the preceding close price, there is no way of knowing what actually happened intra-bar for these candles. And by default candles that close at the same price as the open price, will be counted as green. You can avoid this problem by utilising the sample period filter.
The green and red candle calculations are based solely on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with. Alternatively, you can replace the scenarios with your own logic to account for the gap anomalies, if you are feeling up to the challenge.
It is also worth noting that the sample size will be limited to your Trading View subscription plan. Premium users get 20,000 candles worth of data, pro+ and pro users get 10,000, and basic users get 5,000. If upgrading is currently not an option, you can always keep a rolling tally of the statistics in an excel spreadsheet or something of the like.
FuriousFX Trading Confirmation ListThis is a simple script that allows user to define the confirmations, position them (pin them) to the top middle bottom left or right on the screen and check them off
Once the user checks the confirmation it changes from red or any other default color to green (indicating it has played out).
There are similar script out there but what makes this script unique is one how it is generated and more importantly the mechanism of changing color.. You also have the option to pick from a pick list in the options of how many (up to 10) confirmations you want to generate and you can define change them at any time..
To use this script simply do the following :
1) add it to your chart, double click on the default table
2)select the desired number of confirmations
3)Select the desired position and default colors (default is top right and dark red)
4)Define your criteria for confirmations in appropriate boxes by writing over the default values
5)Start using it, when you see your desired confirmation, double click on the table again and select "Confirmed?" check box.. Once selected the color of that confirmation will turn green...
This script is done to keep people disciplined and enter only according to their trading strategy, as we all know that the biggest reason why people lose in trading is impatience fear and greed...
This script attemps to solve problems of overtrading, entering too early or too late..
Hope you guys enjoy it..
Feel free to write comments for improvements or copy it for your needs.
Trend Counter [theEccentricTrader]█ OVERVIEW
This indicator counts the number of confirmed trend scenarios on any given candlestick chart and displays the statistics in a table, which can be repositioned and resized at the user's discretion.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a high price equal to or above the price it opened.
• A red candle is one that closes with a low price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Muti-Part Upper and Lower Trends
• A multi-part return line uptrend begins with the formation of a new return line uptrend, or higher peak, and continues until a new downtrend, or lower peak, completes the trend.
• A multi-part downtrend begins with the formation of a new downtrend, or lower peak, and continues until a new return line uptrend, or higher peak, completes the trend.
• A multi-part uptrend begins with the formation of a new uptrend, or higher trough, and continues until a new return line downtrend, or lower trough, completes the trend.
• A multi-part return line downtrend begins with the formation of a new return line downtrend, or lower trough, and continues until a new uptrend, or higher trough, completes the trend.
█ FEATURES
Inputs
Start Date
End Date
Position
Text Size
Show Sample Period
Table
The table is colour coded, consists of seven columns and, as many as, forty-one rows. Blue cells denote the multi-part trend scenarios, green cells denote the corresponding return line uptrend and uptrend scenarios and red cells denote the corresponding downtrend and return line downtrend scenarios.
The trend scenarios are listed in the first column with their corresponding total counts to the right, in the second and fifth columns. The last row in column one, displays the sample period which can be adjusted or hidden via indicator settings.
The third and sixth columns display the trend scenarios as percentage of total 1-part trends. And columns four and seven display the total trend scenarios as percentages of the, last, or preceding trend part. For example 4-part trends as a percentages of 3-part trends. This offers more insight into what might happen next at any given point in time.
Plots
For a visual aid to this indicator please use in conjunction with my Return Line Uptrends, Downtrends, Uptrends and Return Line Downtrends indicators which can all be found on my profile page under scripts, or in community scripts under the same names. Unfortunately, I could not fit all the plots with the correct offsets into one script so I had to make a separate indicator for each trend type. I decided against labels as this would limit the visual data points to 500.
Green up-arrows, with the number of the trend part, denote return line uptrends and uptrends. Red down-arrows, with the number of the trend part, denote downtrends and return line downtrends.
█ HOW TO USE
This is intended for research purposes, strategy development and strategy optimisation. I hope it will be useful in helping to gain a better understanding of the underlying dynamics at play on any given market and timeframe.
It can, for example, give you an idea of whether the current trend will continue or fail, based on the current trend scenario and what has happened in the past under similar circumstances. Such information can be very useful when conducting top down analysis across multiple timeframes and making strategic decisions.
What you do with these statistics and how far you decide to take your research is entirely up to you, the possibilities are endless.
█ LIMITATIONS
Some higher timeframe candles on tickers with larger lookbacks such as the DXY , do not actually contain all the open, high, low and close (OHLC) data at the beginning of the chart. Instead, they use the close price for open, high and low prices. So, while we can determine whether the close price is higher or lower than the preceding close price, there is no way of knowing what actually happened intra-bar for these candles. And by default candles that close at the same price as the open price, will be counted as green. You can avoid this problem by utilising the sample period filter.
The green and red candle calculations are based solely on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with. Alternatively, you can replace the scenarios with your own logic to account for the gap anomalies, if you are feeling up to the challenge.
It is also worth noting that the sample size will be limited to your Trading View subscription plan. Premium users get 20,000 candles worth of data, pro+ and pro users get 10,000, and basic users get 5,000. If upgrading is currently not an option, you can always keep a rolling tally of the statistics in an excel spreadsheet or something of the like.
Multi-Timeframe Trend IndicatorThe Multi-Timeframe Trend Indicator (MTFTI) is a trend analysis tool designed to help traders quickly and easily assess the market direction across multiple timeframes. With the help of a table to visualize the trends on different timeframes.
Key features:
Multi-timeframe trend indicator for the following timeframes: 5 minutes, 15 minutes, 30 minutes, 1 hour, 2 hours, 4 hours, 6 hours, 12 hours, 1 day, and 1 week and average.
Displays trends for selected timeframes in a table.
Considers short and long-term exponential moving averages (EMAs) to determine trends.
Calculation of the average trend for all timeframes.
Display of trends with appropriate coloring for better readability (green for "Up", red for "Down", and intermediate shades for neutral or strong trends).
List of Parameters
Customization of the table's position on the screen (top-left, top-right, middle-left, middle-right, bottom-left, bottom-right).
Setting the lengths of the short and long-term exponential moving averages.
Option to activate or deactivate the display of EMAs for better customization (true by default).
Please note that the MTFTI is not a guarantee of future market performance and should be used in conjunction with proper risk management. Always ensure that you have a thorough understanding of the indicator’s methodology and its limitations before making any investment decisions. Additionally, past performance is not indicative of future results.
Range Analysis - By LeviathanThe Interactive Range Analysis script is an essential tool for analyzing price ranges. It automatically draws important range levels, generates a Volume Profile or Open Interest profile and horizontal/vertical heatmaps, plots the anchored VWAP, draws Fibonacci levels, and much more.
How to use the indicator:
1. The script will prompt you to select the "Start Time" and "End Time" using Tradingview's interactive interface. These two points will determine the length of the range.
2. Once you have selected the range, the script will automatically anchor the range highs and lows to the highest and lowest close/wick/hlc3/ohlc4 (whichever you prefer).
3. You can then begin exploring different tools and options such as Quarters, Eighths, Fibonacci, Outer Levels, VWAP, Horizontal Volume/OI Heatmap, Vertical Volume/OI Heatmap, Fixed Range Volume Profile, Open Interest Profile, Value Area, VAH, VAL, and POC.
4. You can adjust the range by dragging the Start Time and End Time anchors or by removing/reapplying the script.
Tool overview
Range Levels
After selecting your preferred time range, the script will identify and draw a range high level and a range low level, which serve as a base for other important levels. “Half” is the level halfway between the range high and range low. “Quarters” will, as the name suggests, split the range into four equal zones (quarters) and “Eighths” will split the range into eight equal zones (eighths).
”Fibonacci” option allows you to display Fibonacci retracement levels (0.786, 0.618, 0.382, 0.236). “VWAP” will plot a Volume Weighted Average Price, anchored to the start of the range. “Direction” input lets you choose whether your range is UP or DOWN trending in order to make sure that the Fibonacci levels and labels are generated and assigned correctly. With “Outer” turned ON, the script will also generate active levels (quarters/eighths/Fibonacci) above and below the selected price range. “Extend Right” will extend all levels to the right indefinitely, while “Extend (+Bars)” lets you choose how far right the levels get extended. “Diagonal Line” is drawn from the bottom left of the range to the top right of the range or from the top left of the range to the bottom right of the range, depending on the “Direction” input.
Volume Profile / Open Interest Profile
After selecting the “Data Type”, Volume Profile or OI Profile can be generated by turning ON the “Volume/OI Profile” option.
“Resolution” input defines the amount of nodes/rows in the range that are used in profile/heatmap generation for distributing the data. While you can increase the “Resolution” to get better, more granular profiles, you should keep in mind that you might need to lower the resolution when generating profiles for larger ranges.
”Node Type” offers you two options when it comes to the representation of data: Up/Down - divides a node in two sections for up volume/OI and down volume/OI, Total - one node for total volume/OI and Delta - net difference in up volume/OI and down volume/OI.
”Profile Position” lets you choose whether the profile is positioned on the left side of the range or on the right side of the range.
“Profile Direction” determines whether the profile nodes are facing right or left.
“Profile Type” enables you to visualize the nodes in a classic way (Type 1) or in a way where down volume/negative OI are positioned on the left side of the y axis and up volume/positive OI on the right side of the y axis.
“Node Size (%)” defines how much space in the range can be taken by the profile’s nodes. Eg. 50% will allow the largest node to extend to the middle of the range (and others scaled accordingly), 100% will allow the largest node to extend the max right point of the range (and others scaled accordingly).
”Value Area (%)” defines the VA zone, which represents the area where the most volume occured (usually 70% or 68%).
”Horizontal Heatmap” will display a heatmap-like overlay, that will help you identify the price levels where most volume/open interest action occurred.
”Vertical Heatmap” will display a heatmap-like overlay, that will help you identify the points in time where most volume/open interest action occurred.
A more detailed description of this indicator is coming in the next few days.
Important:
* If volume or OI profile does not get generated, try lowering the resolution.
* Once in a while, the script will disappear from your chart. Just remove and reapply.
* Open Interest data is only avaiable on Binance Perpetual Futures pairs
To learn more, read the tooltips in the indicator’s settings and stay tuned for upcoming additions (Range Market Structure, Liquidation Levels, Range Statistics,…)
Drawings_publicLibrary "Drawings_public"
: Functions to manage drawings on the chart
extend_line(lineId, labelId)
: Extend specific line with its label
Parameters:
lineId
labelId
update_line_coordinates(lineId, labelId, x1, y1, x2, y2)
: Update specific line coordinates with its label
Parameters:
lineId
labelId
x1
y1
x2
y2
update_label_coordinates(labelId, value)
: Update coordinates of a label
Parameters:
labelId
value
delete_line(lineId, labelId)
: Delete specific line with its label
Parameters:
lineId
labelId
update_box_coordinates(boxId, labelId, left, top, right, bottom)
: Update specific box coordinates with its label
Parameters:
boxId
labelId
left
top
right
bottom
delete_box(boxId, labelId)
: Delete specific box with its label
Parameters:
boxId
labelId
Markdown: The Pine Editor's Hidden Gem💬 Markdown, a markup language
Markdown is a portable, lightweight markup language that can be used for everything whether you're building a website, documentation, or even presentations.
Platforms like Discord, Reddit, and GitHub support Markdown and is the widely go-to option for text formatting due to its simplicity. Pine Script is a language that also utilizes Markdown, specifically in the Pine Editor where it can really be used to some extent.
Since the release of libraries, user-defined types, and methods, Pine Script is entering an age where developers will be highly dependent on libraries due to the capabilities Pine has inherited recently. It would be no surprise if a few people got together and took their time to thoroughly develop an entire project/library centered around improving Pine Script's built-in functions and providing developers with easier ways of achieving things than they thought they could.
As you're all aware, hovering over functions (and more) in the editor pops up a prompt that specifies the parameters, types, and what the function returns. Pine Script uses Markdown for that, so I figured we could go ahead and push that feature to its limits and see what we can do.
Today we'll go over how we can utilize Markdown in Pine Script, and how you can make your library's built-in functions stand out more than they did previously.
For more information, visit www.markdownguide.org
📕 General Notes
Markdown syntax only works on functions and methods.
Using arrays as parameters as of 2/21/2023 breaks the Markdown system.
The prompt window holds a max of 166 characters on one line before overflowing.
There is no limit on how long the prompt window can be.
🔽 Getting Started 🔽
▶️ Headings
If you have experience in HTML, Markdown, or even Microsoft Word then you already have a grasp of how headings work and look.
To simplify it, headings make the given text either massive or tiny depending on how many number symbols are provided.
When defining headings, you must have a space between the number (#) symbol, and the text. This is typical syntax throughout the language.
Pine Script uses bold text by applying (**) for their titles on their built-ins (e.g. @returns) but you could also use heading level 4 (####) and have it look the same.
▶️ Paragraphs & Line Breaks
You may want to provide extensive details and examples relating to one function, in this case, you could create line breaks. Creating line breaks skips to the next line so you can keep things organized as a result.
To achieve a valid line break and create a new paragraph, you must end the line with two or more spaces.
If you want to have an empty line in between, apply a backslash (\).
Backslashes (\) are generally not recommended for every line break. In this case, I only recommend using them for empty lines.
▶️ Text Formatting
Markdown provides text formatting such as bold, italics, and strikethrough.
For bolding text, you can apply open and close (**) or (__).
For italicizing text, you can apply open and close (*) or (_).
For bolding and italicizing text, you can apply open and close (***) or (___).
For s̶t̶r̶i̶k̶e̶t̶h̶r̶o̶u̶g̶h̶, you need to apply open and close (~~).
This was mentioned in the Headers section, but Pine Script's main titles (e.g. @returns or @syntax) use bold (**) by default.
▶️ Blockquotes
Blockquotes in Pine Script can be visualized as a built-in indentation system.
They are declared using greater than (>) and everything will be auto-aligned and indented until closed.
By convention you generally want to include the greater than (>) on every line that's included in the block quote. Even when not needed.
If you would like to indent even more (nested blockquotes), you can apply multiple greater than symbols (>). For example, (>>)
Blockquotes can be closed by ending the next line with only one greater than (>) symbol, or by using a horizontal rule.
▶️ Horizontal Rules
Horizontal rules in Pine Script are what you see at the very top of the prompt in built-ins.
When hovering, you can see the top of the prompt provides a line, and we can actually reproduce these lines.
These are extremely useful for separating information into their own parts and are accessed by applying 3 underscores (___), or 3 asterisks (***).
Horizontal rules were mentioned above, when we were discussing block quotes. These can also be used to close blockquotes as well.
Horizontal rules require a minimum of 3 underscores (___) or 3 asterisks (***).
▶️ Lists
Lists give us a way to structure data in a somewhat neat way. There are multiple ways to start a list, such as
1. First Item (number followed by a period)
- First Item (dash)
+ First Item (plus sign)
* First Item (asterisk)
Using number-based lists provide an ordered list, whereas using (-), (+), or (*) will provide an unordered list (bullet points).
If you want to begin an unordered list with a number that ends with a period, you must use an escape sequence (\) after the number.
Standard indentation (tab-width) list detection isn't supported, so to nest lists you have to use blockquotes (>) which may not look as appealing.
▶️ Code Blocks
Using code blocks allows you to write actual Pine Script code inside the prompt.
It's a game changer that can potentially help people understand how to execute functions quickly.
To use code blocks, apply three 3 open and close backquotes (```). Built-in's use (```pine) but there's no difference when we apply it.
Considering that tab-width indentation isn't detected properly, we can make use of the blockquotes mentioned above.
▶️ Denotation
Denoting can also be seen as highlighting a background layer behind text. They're basically code blocks, but without the "block".
Similar to how code blocks work, we apply one backquote open and close (`).
Make sure to only use this on important keywords. There really isn't a conventional way of applying this.
It's up to you to decide what people should have their eyes tracked onto when they hover over your functions.
If needed, look at how Pine Script's built-in variables and functions utilize this.
▶️ Tables
Tables are possible in Markdown, although they may look a bit different in the Pine Editor.
They are made by separating text with vertical bars (|).
The headers are detected when there is a minimum of one hyphen (-) below them.
You can align text by using a colon as I do in the photo. Hyphens must be connected to the colon in order to display correctly.
Tables aren't ideal to use in the editor but are there if anyone wants to give it a go.
▶️ Links & Images
Markdown supports images and hyperlinks, which means we can also do that here in the Pine Editor. Cool right?
If you want to create a hyperlink, surround the displayed text in open and close brackets .
If you want to load a photo into your prompt, it's the same syntax as the hyperlink, except it uses a (!)
See syntax list below.
Here are realistic usage examples. (Snippets from code below)
These follow the same syntax as the built-ins.
I'm not using horizontal rules here, but it's entirely up to you.
▶️ Syntax List
Headings
Level 1: #
Level 2: ##
Level 3: ###
Level 4: ####
Level 5: #####
Level 6: ######
Line Breaks
Text (two spaces)
Text\ (backslash)
Text Formatting
Bold (**)
Italic (**)
Strikethrough (~~)
Blockquotes
Indent (>)
Double Indent (>>)
Triple Indent (>>>) and so on.
Horizontal Rules
(___) or (***)
Lists
Ordered List (1.)
Unordered List (-) or (+) or (*)
Code Blocks
(```) or (```pine)
Denotation
(`)
Tables
(|) and (-) and (:)
Hyperlinks
(URL)
Images
! (URL)
Hope this helps. 👍
RSI Impact Heat Map [Trendoscope]Here is a simple tool to measure and display outcome of certain RSI event over heat map.
🎲 Process
🎯Event
Event can be either Crossover or Crossunder of RSI on certain value.
🎯Measuring Impact
Impact of the event after N number of bars is measured in terms of highest and lowest displacement from the last close price. Impact can be collected as either number of times of ATR or percentage of price. Impact for each trigger is recorded separately and stored in array of custom type.
🎯Plotting Heat Map
Heat map is displayed using pine tables. Users can select heat map size - which can vary from 10 to 90. Selecting optimal size is important in order to get right interpretation of data. Having higher number of cells can give more granular data. But, chart may not fit into the window. Having lower size means, stats are combined together to get less granular data which may not give right picture of the results. Default value for size is 50 - meaning data is displayed in 51X51 cells.
Range of the heat map is adjusted automatically based on min and max value of the displacement. In order to filter out or merge extreme values, range is calculated based on certain percentile of the values. This will avoid displaying lots of empty cells which can obscure the actual impact.
🎲 Settings
Settings allow users to define their event, impact duration and reference, and few display related properties. The description of these parameters are as below:
🎲 Use Cases
In this script, we have taken RSI as an example to measure impact. But, we can do this for any event. This can be price crossing over/under upper/lower bollinger bands, moving average crossovers or even complex entry or exit conditions. Overall, we can use this to plot and evaluate our trade criteria.
🎲 Interpretation
Q1 - If more coloured dots appear on the top right corner of the table, then the event is considered to trigger high volatility and high risk environment.
Q2 - If more coloured dots appear on the top left corner, then the events are considered to trigger bearish environment.
Q3 - If more coloured dots appear on the bottom left corner of the chart, then the events are considered insignificant as they neither generate higher displacement in positive or negative side. You can further alter outlier percentage to reduce the bracket and hence have higher distribution move towards
Q4 - If more coloured dots appear on the bottom right corner, then the events are considered to trigger bullish environment.
Will also look forward to implement this as library so that any conditions or events can be plugged into it.
Strategy Myth-Busting #13 - MultiEMA+BXTrender - [SP/MYN]#13 on the Myth-Busting bench, we are automating the "I Found The Highest Win Rate 15 Minute Scalping Trading Strategy Ever" strategy from "TradeIQ" who claims to have backtested this manually and achieved 410% profit over 100 trades within 6 months on Natural Gas with 79 Wins / 21 Losses with an astounding 3.96% Max Drawdown.
It was quite challenging emulating the same subjective EMA pullback logic along with the dependent sequencing of events necessary to enter a trade and we might improve on this to make it better in the future. Super kudos to @spdoinkal who helped with this strategy. If you have ideas on how this could be improved on, would love to hear about them.
As is, we were unable to substantiate similar results to what was manually backtested by TradeIQ, we do however see potential here. Given some optimizations and improvements to the the entry logic accommodating for a wider more variable margin after pullbacks reestablish above/below the fast EMA we think the performance of this strategy could certainly be improved upon. So not sure if we have totally myth busted this completely at this point in time.
This strategy uses a combination of 2 open-source public indicators:
3 EMA's (Trading View Internal)
B-Xtrender by Puppytherapy
Three separate (21), (89) and (200) EMA's are used as a means to confirm and keep entry out of ranged markets. When the 3 EMA's are all clumped up together with no distance it's indicative of a flat or ranged market. This is then used in conjunction with B-XTrender as a means to detect the trend direction. B-XTrender which is a trend following indicator originally published in the IFTA Journal by Bharat Jhunjhunwala. It uses both a short and long term lengths along with a compound EMA used as a means to smooth and sample trend direction.
Trading Rules
15 min candles but other lower time-frames
Stop Loss on previous swing high/low
No Take Profit, Exit on new red/green circles from BX-Trender
Long
EMA Green (21) on top, White (89)in middle and red (200) on bottom and there is distance between EMA's need to be spaced, otherwise in a ranged market
Price action must pull back into 89 EMA (White line) either close or touching it.
Once pullback occurs wait for BX Trender to issue a new green circle and BX Trend line must be green and above 0
Price action must also pull up back above the (Green Line) EMA 21
Short
EMA Red (200) on top, White (89) in middle and Green (21) on bottom and there is distance between EMA's need to be spaced, otherwise in a ranged market
Price action must pull back into 89 EMA (White line) either close or touching it.
Once pullback occurs wait for BX Trender to issue a new red circle and BX Trend line must be red and below 0
Price action must also pull up back below the (green Line) EMA 21
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
[blackcat] L3 Jurik MACDLevel: 3
Background
Use Jurik MA to build MACD and many people need to judge the market trend against the main candlestick chart when using MACD .
Function
First of all, the MACD function is built with Jurik MA and ALMA for better performance.
Second, the principle of MACD is the difference between EMA's long-term and short-term values. So, I wonder if it is possible to use EMA to construct a set of candle charts that are similar in proportion to MACD values for overlapping comparisons? Because this can greatly facilitate traders to make quick trend judgments. So I used the 3-8 lines of EMA to simulate the KD of KDJ, constructed a set of candle charts, and generated buying and selling points through conditional constraints. Do you like this MACD + Candlestick chart?
Key Signal
Traditional Jurik MACD output signal
Candlesticks
Near Top --> Top is reached and reversal may happen soon. (fuchsia labels)
Near Bottom --> Bottom is reached and reversal may happen soon. (yellow labels)
Remarks
Feedbacks are appreciated.
Pivot Point Moving Average (PPMA)The script is an implementation of an indicator called "PPMA", which stands for "Pivot Point Moving Average." This indicator is designed to be used as a overlay, meaning that it will be plotted on top of the underlying asset's price chart.
The main function of the PPMA indicator is to calculate a moving average based on pivot points of the underlying asset. Pivot points are commonly used in technical analysis to identify key levels of support and resistance, and this indicator uses the pivot points in a unique way to calculate the moving average.
The indicator's main function, "ppma()," is defined as taking two input parameters, "left" and "right." These parameters determine the number of bars to the left and right of a pivot point that will be used to calculate the moving average. The function uses the "ta.pivothigh()" and "ta.pivotlow()" functions to identify pivot points for the high and low prices, respectively. Then the function uses the "ta.change()" function to identify if there is a change in pivot point.
The function keeps track of the number of bars and their sum from the last pivot point until the next pivot point is reached. If there is a change in pivot point, it will reset the count and sum. It will return the sum divided by the count, which is the moving average of the prices between the two pivot points.
The script then uses the PPMA function to plot the moving average on the chart using the "plot()" function. The user is able to adjust the number of bars to the left and right of the pivot point using the "left" and "right" input parameters.
In summary, the PPMA indicator is a unique moving average that uses pivot points to calculate the average. It is designed to be used as an overlay on top of an underlying asset's price chart and can be adjusted by the user to suit their needs. It can help traders identify key levels of support and resistance in the underlying asset.
BTC Pair Change %This script makes it easier to quickly check how the BTC pair of the current symbol is performing on any pair.
It adds a " change percentage widge t" (of the BTC pair ) to the top right of the chart.
(Refer to the image for an example.)
The change percentage calculation is performed as described here:
www.tradingview.com
To match the "Chg%" that appears on TradingView watchlists, a 24H (1440min) timeframe is used, as described here:
money.stackexchange.com
In short, this script:
Searches for the BTC pair of the current symbol
Calculates the change % using the above described logic (links)
Adds a " change percentage widget " (of the BTC pair) to the top right of the chart
Allows for using 24H timeframe or the current timeframe (enable " Use current timeframe " under the script options)
Pivot High/Low ComparisonThis script will show you at a glance the following trends:
Higher Highs (Green line on top)
Lower Highs (Red line on top)
Higher Lows (Green line on bottom)
Lower Lows (Red line on bottom)
It utilizes the Pivot High and Pivot Low functions to determine if the previous pivot was higher or lower than the current pivot .
BitCoin RSI TrendWhat is it?
This indicator will plot the RSI of BTC with a red or green background based on the top and bottom values which you can set.
How to use it?
For example, you want to trade only if the RSI of BTC is between 50 and 70, so the top value is 70 and bottom is 50. If the RSI value between those values the background will be green, else it will be red.
Why to use it?
The buy and sell strength of the BTC controls the other coins, and it is noticeable when the BTC is over sold and the RSI exceeding the 70, the price will reverse its movement to down, thus it is advisable to not open long position if the RSI of BTC is above the 70-75. Also, if the RSI is under 50 there is a big possibility to move down further to the over bought areas. The best is to buy a altcoins when the BTC RSI is between 50 and 70.
For example, I could avoid a bad long trade on MATICUSDT when the RSI of BTC is going under 50
Or, get a good long trade on MATICUSDT when the RSI of BTC is between 50 and 70
Multi-timeframe Harmonic PatternsHello friends. In recent months I have been busy with my academic research and haven't had much time to publish new scripts. To fill the gap of these months, I decided to publish the indicator Multi-timeframe Harmonic Patterns . Harmonic technical chart patterns can predict the next price trend and provide traders with clues to the price direction, which is one of the indicators widely used by professional traders.
(1) Indicator description
This indicator is built on ZigZag Multi Time Frame with Fibonacci Retracement@LonesomeTheBlue . Thanks to LonesomeTheBlue for contributing the awesome indicator
The indicator supports 6 different timeframes , and 25 different harmonic patterns
This indicator supports indicating key indicator prices: entry price, stop loss price, and two take profit prices
(2) Key parameters
timeframe resolution: The timeframe of the harmonic pattern
pivot high/low source: Calculation method of high/low pivot points
timeframe pivot period: Minimum period of high/low pivot points
delay for confirmations: Wait for N candles to confirm the chart pattern
bullish/bearish colors: Bullish/bearish pattern colors
enable harmonic patterns: Enable current harmonic patterns
show harmonic patterns: Show harmonic patterns found
show trading prices of patterns: Show key prices of harmonic patterns
(3) Supported Patterns:
Gartlay
Cypher
Bat
Deepcrab
Crab
Butterfly
Shark
0-5
AB=CD
3-Drives
Anti-Gartlay
Anti-Cypher
Anti-Bat
Anti-Crab
Anti-Butterfly
Anti-Shark
Black-Swan
White-Swan
Descending-Triangle
Ascending-Triangle
Symmetrical-Triangle
Headers&Shoulders
Inverse-Headers&Shoulders
Double-Top
Double-Bottom
————————————————————————————————————————
各位朋友大家好。最近几个月我忙于自己的学术研究没有过多时间更新脚本。为弥补这几个月的空缺，我决定发布该 多时间周期的谐波指标 。谐波技术图表形态在一定程度上可以预测下一个价格走势，为交易者提供价格方向的线索，是广大专业交易人员广泛使用的指标之一。
(1) 指标说明
该指标建立于 ZigZag Multi Time Frame with Fibonacci Retracement@LonesomeTheBlue ，感谢LonesomeTheBlue贡献的出色指标
该指标支持 6种不同的时间周期 ，以及 25种不同的谐波形态
该指标支持指示关键的指标价格：入场价格、止损价格、以及两种止盈价格
(2) 关键参数
timeframe resolution: 谐波形态的时间周期
pivot high/low source: 高/低枢纽点的计算方式
timeframe pivot period: 高/低枢纽点的最小周期
delay for confirmations: 等待N个蜡烛以确认图表形态
bullish/bearish colors: 看涨/看跌的形态颜色
enable harmonic patterns: 使能当前的谐波形态
show harmonic patterns: 显示被发现的谐波形态
show trading prices of patterns: 显示谐波形态的关键价格
(3) 支持形态:
Gartlay
Cypher
Bat
Deepcrab
Crab
Butterfly
Shark
0-5
AB=CD
3-Drives
Anti-Gartlay
Anti-Cypher
Anti-Bat
Anti-Crab
Anti-Butterfly
Anti-Shark
Black-Swan
White-Swan
Descending-Triangle
Ascending-Triangle
Symmetrical-Triangle
Headers&Shoulders
Inverse-Headers&Shoulders
Double-Top
Double-Bottom
BankNifty Dash
This indicator to be used only in BankNifty , shows Values of BankNifty Index & its top constituents.
Dashboard Interpretation :
LTP - Last Traded Price.
D High - Day High.
D Low - Day Low.
I Points - Shows the contribution of top BankNifty constituents according to its weightage.
PH-PL - "PH - PL" means LTP is trading between Previous Days High( PH ) & Previous Days Low( PL ) which indicates Rangebound-ness.
"+ PH" means LTP is trading above Previous Days High( PH ) which indicates Bullish-ness.
"- PL" means LTP is trading below Previous Days Low( PL ) which indicates Bearish-ness.
ATR - Displays the Daily ATR (Average True Range) (14 period).
DTR - Current Day Range.
DTR% - Current Day Range percentage.
( DTR & DTR%, changes colour based on percent value. < 61.8 is green and > 61.8 is red.)
For example if the Daily ATR is 100 and the current range of the day is 200 this would be 200% the original move.
EMA:-
Default value of 5 is used in Fast EMA.
Default value of 21 is used in Slow EMA.
Default value of 200 is used in EMA (Used for trend direction).
User can change values from input section.
If the colour filled between Fast EMA and Slow EMA is green, the market is in a uptrend
If the colour filled between Fast EMA and Slow EMA is red, the market is in a downtrend.
ADR :-
Plots ADR (Average Day Range) zones are used as support and resistance, ADR zones are calculated using a 5 or 10 day period unless you change the settings.
PDH/PDL :-
Plots Previous Day High(PDH) and Previous Day low(PDL).
