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Ehlers Instantaneous Trendline V1 [CC]The Instantaneous Trendline was created by John Ehlers (Rocket Science For Traders pgs 109-110) and this indicator is perfect for determining the medium to long term trend. Buy when the indicator line is green and sell when it is red. I will be introducing a different version of this indicator which is perfect for short term trends so these will pair great together. Let me know if there are other scripts you would like to see me publish or if you want something custom done!
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cheatcountry tarafından
13
Trendline deluxeTrendline deluxe As someone said: "The best trend indicator is when you print the chart, put it on the wall and take a few steps back. If you now can identify the trend you're done!" This is an attempt of doing the same thing... I find it handy to switch the color of the trendline depending on the where the Trend is going. Especially when zooming in on the chart, the color tells you what the overall Trend is. Trendline deluxe comes with an extra twist in that it can be colored according to your Stock index of choice, but still be plotted according to the Stock at hand.
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kruskakli tarafından
DTFilter - Bovespa - By Trendline365DAY TRADE. With this indicator it is possible to read the trend of the graphical time,  so that the user can compare with other graph times and check if the market is aligned or not.  Thus it is possible to define if the market is aligned in several times of reading, following the same direction, mainly the sequential times, or 1/5 / 15min .  DTFIlter is not recommended for use as a point of entry or exit indicator. 
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Trendline365 tarafından
Cryptofilter by Trendline365Cryptofilter: Indicator filter trend for Crypto-Market. With this indicator it is possible to read the trend of the graphical time, so that the user can compare with other graph times and check if the market is aligned or not. Thus it is possible to define if the market is aligned in several times of reading, following the same direction, mainly the sequential times, or 1/5 / 15min and 5/15/60 min. Cryptofilter is not recommended for use as a point of entry or exit indicator.
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Trendline365 tarafından
Trendlines [TradesAI]What is it? This indicator allows the user to pick any Candle (preferably a Pivot, for better results) to draw the most relevant Trendlines from it as Origin, while keeping track of candle closes across these Trendlines to adjust or invalidate accordingly. It allows for up to 2 Origins to be picked on chart. Remember to pick a Bullish candle to draw Downtrends, and a Bearish candle to draw Uptrends. The algorithm will draw the most suitable Active Trendlines from those Origin points. How does it do it? The indicator takes the Origin point as the first point of the Trendline, then starts looking for the immediate next same-type candle (Bullish to Bullish or Bearish to Bearish), to draw the Trendline between the Origin candle and this newer candle. An Uptrend is a ray connecting two Bearish candles, as long as the second candle has a Low higher than the Low of the Origin (first) candle. A Downtrend is a ray connecting two Bullish candles, as long as the second candle has a High lower than the High of the Origin (first) candle. Upon drawing, the indicator then starts monitoring and adjusting this Trendline, by keeping the Origin always the same, but changing the second point. The goal is to keep reducing the slope of the Trendline till it is at 0 degrees (horizontal line). That then makes the Trendline "Final". So, the algorithm has 3 States for the Trendlines: Initial: not tested, meaning price hasn't yet broken through it and closed a candle beyond it, to cause a re-adjustment of this Trendline. Broken: candle Hard Closed (its Open and Close) across it but still the direction of the Trend is maintained with a new Trendline from the same Origin – could be replaced (or kept on chart as "Backside", which is what we call a Broken Trendline to be tested from the opposite side) with a new Trendline from the same Origin, to the newest candle that caused the break to happen, as then it becomes the new second point of that trendline. Final: candle Hard Closed across it and can't draw a new Trendline from the same Origin maintaining the direction of the Trend (so an uptrend becomes a downtrend or a downtrend becomes an uptrend at this point, which is not allowed). This marks the end of Trendline adjustment for that Origin. To summarize the algorithm, imagine starting from a candle and drawing the trendline, then keep re-adjusting it to make its slope less and less, till it becomes a horizontal line. That's the final state. Unlike traditional trendline tools, this indicator takes into account numerous rules for each candlestick to determine valid support and resistance levels, which act as Liquidity Zones. What does it do differently? Unlike conventional trendline tools, this indicator allows the user to pick the Pivot point as Origin, then automatically recognizes and extends lines from them as Liquidity Zones where a reaction is expected. Moreover, the indicator monitors those trendlines in real-time to switch them from Buying to Selling zones, and vice-versa, as price structure changes. Features Log vs. Linear scale switch to show different trendlines accordingly. When updating the Trendlines, or deciding whether Touches/Hard Closes are met, it makes a difference. Ability to show all forms of Trendlines, Final Trendlines or just Backside Trendlines. Why is it used? For experienced traders, it offers the advantage of time-efficiency, while new traders can bypass the steep learning curve of drawing trendlines manually, which could practically be drawn between any two candlesticks on the chart (unlimited variations).
Pine Script® göstergesi
Trades-AI tarafından
5
Trendlines (long)Hi all! I hope that this indicator helps you to be a more efficient trader. The concept is well known and useful. So this is not some magic algorithm founded by me, but rather a well known concept. The concept is the drawing of trendlines. It draws trendlines that has a retest. It draws the trendlines in different colors, the colors used are blue, red, fuchsia and lime. These are the steps for finding a trendline: 1. Find a generic retest Find a low that has 2 earlier lows and 1 later low that are higher. This is the reason that a trendline will be created "1 bar late". This is the base and the indicator goes on from here, meaning that this needs to be true to continue. 2. Find an uptrend Look back 8 bars to find a low that is lower than the retest low. 3. Create the first point of a trendline Go thru every bar between the user defined "Lookback" and the retest bar (minus the user defined "Skip gap" that's needed between points to create a trendline). From the earliest bar to the latest. 4. Create the second point of the trendline Go thru every bar between the retest bar and the the first point (bar) minus the "Skip gap". From latest bar to the earliest. A trendline between the two bars are invalidated if some of the criteria are met in-between the bars creating the trendline: - closed above the trendline (trendline broken) - is not within the retest bar - the slope of the trendline is upwards (this indicator is for long entries only) - at least 1 of the bars creating the retest (1 main bar and 2 earlier bars) has NOT been above the trendline - is not the created trendline (between the two points) that's closest to the low of the retest bar TODO: - add functionality to draw trendlines directly on breakouts - add volume (high volume needed to create a trendline from a breakout/retest) - ...? I hope this explanation makes sense, let me know otherwise. Also let me know if you have any suggestions on improvements. Best of luck trading!
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mickes tarafından
2
Trendlines with Breaks [LuxAlgo]The trendlines with breaks indicator return pivot point based trendlines with highlighted breakouts. Users can control the steepness of the trendlines as well as their slope calculation method. Trendline breakouts occur in real-time and are not subject to backpainting. Trendlines can however be subject to repainting unless turned off from the user settings. The indicator includes integrated alerts for trendline breakouts. 🔶 USAGE Any valid trendlines methodology can be used with the indicator, users can identify breakouts in order to infer future price movements. The calculation method of the slope greatly affects the trendline's behaviors. By default, an average true range is used, returning a more constant slope amongst trendlines. Other methods might return trendlines with significantly different slopes. Stdev makes use of the standard deviation for the slope calculation, while Linreg makes use of the slope of a linear regression. The above chart shows the indicator using "Stdev" as a slope calculation method. The chart below makes use of the "Linreg" method. By default trendlines are subject to backpainting, and as such are offset by length bars in the past. Disabling backpainting will not offset the trendlines. 🔶 SETTINGS Length: Pivot points period Slope: Slope steepness, values greater than 1 return a steeper slope. Using a slope of 0 would be equivalent to obtaining levels. Slope Calculation Method: Determines how the slope is calculated. Backpaint: Determine whether trendlines are backpainted, that is offset to past.
Pine Script® göstergesi
LuxAlgo tarafından
425
Trendline_Pro[vn]👉Hello Trader : - This is an indicator for trendline traders of Price - Pine Script strategy draws pivot points and trendlines on the chart. - This strategy allows the user to specify the interval to calculate the pivot points and the number of pivot points used to generate the trend lines. - When an up (or down) trendline is drawn according to the settings in the indicator's settings, that line is support and resistance so we can proceed to make BUY or SELL points according to the support strategy. and resistance - When the price line breaks above or below the trendline, the price has reversed to the nearest trendline (like the examples in the pictures below.) - The horizontal lines of the trend line, after being broken, it will form a support or resistance area, and it is likely that the price will retest that area to continue following the broken trend. • Up trendline, down trendline(Đường xu hướng tăng - xanh, đường xu hướng giảm - đỏ) • Horizontal support and resistance lines (đường hỗ trợ và kháng cự ngang) snapshot • Price in the wedge model (giá trong mô hình cái nêm) snapshot • When the price breaks the trend line, we can consider entering an order (khi giá phá vỡ đường xu hướng ta có thể cân nhắc vào lệnh) snapshot • Maybe when the price breaks the trend line on one side, consider waiting for the price to return to the horizontal support and resistance line to place an order. (có thể khi giá phá vỡ đường xu hướng về một phía , cân nhắc chờ giá hồi về đường hỗ trợ , kháng cự ngang để đặt lệnh) snapshot • Create an alert when the price breaks the trend line (there are 3 alert functions: breaking the upper trend line, breaking the lower trend line, or both) - Tạo cảnh báo khi giá phá vỡ đường xu hướng(có 3 chức năng cảnh báo: phá vỡ đường xu hướng bên trên,phá vỡ đường xu hướng bên dưới, hoặc cả hai) ---------------------------------------------------------------------------------------------------------------------- 👉Xin chào các Trader Vietnam - Đây là chỉ báo dành cho các trader thuộc trường phái phân tích đường xu hướng của giá - Chiến lược Pine Script vẽ các điểm trục và đường xu hướng trên biểu đồ. - Chiến lược này cho phép người dùng chỉ định khoảng thời gian tính toán các điểm xoay và số điểm xoay được sử dụng để tạo các đường xu hướng . - Khi đường xu hướng tăng(hoặc giảm) được vẽ ra theo các thiết lập trong cài đặt của chỉ báo,thì đường đó là hỗ trợ,kháng cự để ta có thể tiến hành thực hiện điểm BUY hoặc SELL theo chiến lược hỗ trợ và kháng cự - Khi đường giá mà phá vỡ lên trên hoặc xuống dưới đường xu hướng thì giá đã đảo chiều ngược với đường xu hướng gần nhất (như các ví dụ trong các hình .) - Những đường nằm ngang của đường xu hướng sau khi bị phá vỡ nó sẽ hình thành cho ta là vùng hỗ trợ hoặc kháng cự mà rất có thể giá sẽ kiểm tra lại vùng đó để tiếp tục theo xu hướng bị phá vỡ. ---------------------------------------------------------------------------------------------------------------------- ⌛Adjust in settings(Điều chỉnh trong mục cài đặt) • Change the color of the trendline as you like(đổi màu đường trendline tùy ý theo sở thích) • Change the way the trendline is drawn(thay đổi cách vẽ đường trendline) • Warning option and number of warnings(tùy chọn cảnh báo và số lần cảnh báo) • Clearly show the value of support and resistance lines after the trendline is broken(hiện rõ ràng giá trị của đường kháng cự,hỗ trợ sau khi trendline bị phá qua) • In the process of monitoring the price chart I found giving trendline parameters like this is the best.These are: • Small timeframes such as m1, m3, m5 or D1 I leave the default (cannot be changed) in the 'Length' setting = 50, timeframe is H6, H8, H12 'Length' = 30, the rest of the time can be changed, the default is 20 ... ---------------------------------------------------------------------------------------------------------------------- 💥From this trend line indicator, I have created an indicator: "automatic trend line scanner" for 20 trading pairs (up to 200 trading codes) and has a super smart warning when a pair's price breaks. trend line break, from which traders do not have to monitor each code but can still know its current status to be able to place orders. {20}Dashboard Trendlines & Wedge_Pro 💥Từ chỉ báo đường xu hướng này tôi có lập chỉ báo : "máy Quét tự động đường xu hướng " của 20 cặp giao dịch (có thể lên tới 200 mã giao dịch) và có cảnh báo siêu thông minh khi cặp nào đó giá phá vỡ đường xu hướng(Link trên), từ đó trader không phải theo dõi từng mã mà vẫn có thể biết được hiện trạng của nó để có thể đặt lệnh .
Pine Script® göstergesi
ichimoku14642 tarafından
Trendlines - JD This script draws trendlines from the pivot points in the price chart. The input for the function that draws the trendlines is any calculation or function (eg. pivot points), that most of the time and occasionally produces a 'non n/a' value. The trendline function then connects the non n/a values and axtends the connections of those points in a trendline. There is an option to draw the lines from the wicks or from the 'real bodies' of the candles. The trendlines can either extend infinitely or only run for an adjustable amount of bars. JD.
Pine Script® göstergesi
Duyck tarafından
140
Trendlines 2x ver. 5 plus GMMA modifiedthis is a copy of "Trendlines 2x +" Script by Lij_MC (but converted to Version 5 of Pine script), which draws trendlines from the pivot points in the price chart and also add some arrows from "Guppy Multiple Moving Averages" Indicator by optictropic for trend confirmation. I Change this code from Pine script 4 to 5 to add some functionalities to it. Some adjustments of parameters have been made by me to easy recognition of Trendline breaks. These parameters are in the original code, but I make them default for nicer look of the indicator and easier recognition of Trendline breaks. for example, breaking the primary trendlines are shown by color change of the candles and in the same time by a Break symbol as a label. breaking the secondary trendlines are shown only by candle color. Extension of the secondary trendlines are set to 50 candles to better recognize the past trendlines . color candles are set to default to easily see the trend direction of the chart. I have also added some arrows by the help of "Guppy Multiple Moving Averages" indicator by optictropic, that can be used for confirmation of trend direction. I think this can represent good looking trend direction and trendline breaks can help traders for a better trade decision. for better trading with this indicator, buy when you have green or lime color for candles, and GMMA gives UP long arrow signals, check higher time frames, and at last, this is only a help but not a final decision making indicator. you must have your own price action analysis. best wishes
Pine Script® göstergesi
utsaeed21 tarafından
4
Trend Line Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move. A trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame. They show direction and speed of price, and also describe patterns during periods of price contraction. Key Takeaways Trendlines indicate the best fit of some data using a single line. A single trendline can be applied to a chart to give a clearer picture of the trend. The time period being analyzed and the exact points used to create a trendline vary from trader to trader. The trendline is among the most important tools used by technical analysts. Instead of looking at past business performance or other fundamentals, technical analysts look for trends in price action. A trendline helps technical analysts determine the current direction in market prices. Technical analysts believe the trend is your friend, and identifying this trend is the first step in the process of making a good trade. To create a trendline, an analyst must have at least two points on a price chart. Some analysts like to use different time frames such as one minute or five minutes. Others look at daily charts or weekly charts. Some analysts put aside time altogether, choosing to view trends based on tick intervals rather than intervals of time. What makes trendlines so universal in usage and appeal is they can be used to help identify trends regardless of the time period, time frame or interval used.
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HPotter tarafından
7
Trendlines 2x +Copy of "Trendlines - JD" script by Duyck, which draws Trendlines from the pivot points in the price chart. I have simply Doubled the amount of Trendlines, so now there are; A Primary set of Trendlines at a higher lookback length and Thicker Line Width and A Secondary set of Trendlines at a Lower lookback length and Thinner Line Width The default values work well when comparing multiple time frames at 3x time difference, play around with these values for other x time variations I have also simplyfied the Trendline Extension Function to make it more user friendly Please use the Alerts with caution as the Trendline Break function still needs to be optimised Also included are Trend Candles to color the bars according to momentum, Trencandles script is a copy of UCS_Trend by ucsgears
Pine Script® göstergesi
Lij_MC tarafından
39
Trendline with bands . Introduction A trendline indicator that plots bands around a set trendline is a technical analysis tool used in financial markets to identify potential support and resistance levels. This indicator typically consists of a central trendline, which represents the general direction of the market (uptrend, downtrend, or sideways), and two bands plotted above and below this trendline. These bands are usually set at a fixed percentage or standard deviation from the trendline, creating a channel within which the price is expected to move The bands help traders visualize the volatility of the asset and identify overbought or oversold conditions. When the price touches or moves outside the upper band, it may indicate that the asset is overbought and could be due for a correction. Conversely, when the price touches or moves outside the lower band, it may suggest that the asset is oversold and could be poised for a rebound. Institutions might use similar but more sophisticated methods to buy and sell in a trend. Settings To set up your trendline indicator, follow these steps: Begin by selecting two points on the chart. These points will serve as your coordinates, representing both time and price. Choose your price source, which will be used to calculate the trendline. Finally, configure the z-scores for your bands to determine their distance from the central trendline.
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Neur_INVESTMENTS tarafından
Trendlines Boll Ichi S1 by GammaprodI. How to use this indicator : ------------------------------ I.1. Set your teadingview theme to dark theme. I.2. Gammaprod indicator is valid for forex, stock and but more valid for crypto. I.3. Use three timeframe for more validation (choose between those, that fit to your trading style) : - Timeframe 1m, 5m, and 15m for Scalping - Timeframe 30m, 1h and 4h for Intraday - Timeframe 4h, 1D and 1W for Swing Trading I.4 Always use THREE INDICATORS FROM GAMMAPROD, those three indicators is back to back each other, by the way, I only made those three indicators only (for now) : - Trendlines Boll Ichi S1 by Gammaprod - MACD Volume S2 by Gammaprod - Stoch RSI Divs Zone S2 by Gammaprod ============================================================================ II. How to setting : -------------------- II.1. Trendlines Boll Ichi Crypto by Gammaprod II.1.A. Support and Resistance - Well if you familiar with this indicator you can add it, but recommended for Timeframe 30m or more II.1.B. Trendlines Primary or Trendlines Secondary - Timeframe 1m you DON'T NEED Trendlines Primary or Trendlines Secondary - Timeframe 5m you DON'T NEED Trendlines Secondary, but you CAN ADD Trendlines Primary if you fell it helpful (for me, it is helpful to find where the candles start or the end trend or a consolidation or where the candles will surpass a resistance or a support). - Timeframe 15m you DON'T NEED Trendlines Secondary, DEFENITELY add Trendlines Primary it will help to find where the candles stop or a consolidation or where the candles will surpass a resistance or a support). - Timeframe 30m or more, DEFENITELY NEED BOTH Trendlines Primary and Secondary Trendlines, it will help to find where the candle stop or consolidation or where the candle will surpass a resistance or support). II.1.C. Bollinger, Ichimoku Cloud and Lagging Span - Please DON'T CHANGE IT at all, it's really helpful to know when and where to make an entry decesion or a trend or a consolidation, if you don't understand how to read it, you better to learn it first (on "how to read" section and "How to OPEN position" the section below) II.2. Stoch RSI Divs Zone Crypto by Gammaprod (DON'T CHANGE IT) II.3. MACD Volume Crypto by Gammaprod (DON'T CHANGE IT) ============================================================================ III. How to read : ------------------ III.1. Sell or Buy Priority : III.1.A. Sell Priority - Color background on macd and stoch rsi is pink or purple sell is the priority, (if you're not sure to buy, just wait until the best moment to sell) III.1.B. Buy Priority - Color background on macd and stoch rsi Teal or light green buy is the priority, (if you're not sure to sell, just wait until the best moment to buy) III.1.C. Indecision / Golden Moment - Color background on stoch rsi yellow is indecision / golden moment of reversal pattern (wait until it formed background only on Stoch RSI), please be careful at this moment. III.2. Trend / Consolidation : III.2.A. BULLISH trend - When Stoch RSI and MACD have teal or light green background that's means BULLISH trend, better to confirm by the candle is above green cloud and lagging span (red line) is also above the candle. III.2.B. BEARISH trend - When Stoch RSI and MACD have the Pink or purple background that's means BEARISH trend, better to confirm by the candle is above purple cloud and lagging span (red line) is also below the candle. III.2.C. CONSOLIDATION - When Stoch RSI have the mix background that's means CONSOLIDATION, better to confirm by the candle is in or near to green / purple cloud and lagging span (red line) is also on the candle. III.3. Special Mark III.3.A. Ideal Bullish : - Near line 20 and green / teal background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for buy III.3.B. Not an Ideal Bullish : - Near line 80 and green / teal background = if this happens make sure you know what happen, it could be a false signal or bullish continual pattern III.3.C. Ideal Bearish : - Near line 80 and pink / purple background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for sell position. III.3.D. Not an Ideal Bearish: - Near line 20 and pink / purple background = if this happens make sure you know what happen, it could be a false signal or bearish continual pattern III.3.E. The Beginning of Reversal (from BEARISH to BULLISH) : - When Stoch RSI line shaping GREEN position is near 20. - MACD lines still PINK, position lines is UNDER the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL PINK (light pink) and the BACKGROUND still PINK / PURPLE. - Position CANDLES NEAR BLUE line, NEAR PURPLE CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment). III.3.F. The Beginning of Reversal (from BULLISH to BEARISH) : - When Stoch RSI line shaping PINK position is near 80. - MACD lines still GREEN, position lines is ABOVE the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL GREEN (light green) and the BACKGROUND still TEAL / GREEN. - Position CANDLES NEAR WHITE line, NEAR TEAL CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment). III.3.G. False Signals, or It could be a Golden Moment (better to see it on TF 15 or bigger): - Near line 20 or 80 and yellow background = When Stoch RSI have the char R / H on color label, that's means divergence or hidden divergence for buy / sell position, if you not see this label that's means just a standard confirmation for buy / sell depends on where the Stoch RSI line if near 20 that's means buy, near 80 means sell ============================================================================ IV. How to OPEN position: ------------------------- IV.1. Bullish IV.1.A. Trendlines Boll Ichi S1 by Gammaprod - The candles above the green cloud. - Lagging span (red line) above the candles. - then open buy near yellow line (the first option) / blue line (the second option) (always confirm the position with two other indicators below). IV.1.B. MACD Volume S2 by Gammaprod - Teal or Green background. - The lines is shaped or shaping green. - Better if at the green histogram. IV.1.C. Stoch RSI Divs Zone S3 by Gammaprod - Teal or Green background. - The lines is shaping green. - Better if on the bottom (at a range 20). IV.2. Bearish IV.2.A. Trendlines Boll Ichi S1 by Gammaprod - The candles below the purple cloud. - Lagging span (red line) below the candles. - then open buy near yellow line (the first option) / white line (the second option) (always confirm the position with two other indicators below). IV.2.B. MACD Volume S2 by Gammaprod - Pink or purple background. - The lines are shaped or shaping green. - Better if at the pink histogram. IV.2.C. Stoch RSI Divs Zone S3 by Gammaprod - Pink or purple background. - The lines are shaping pink. - Better if the line on the top (at a range 80). IV.3. Consolidation IV.3.A. Trendlines Boll Ichi S1 by Gammaprod - The candles on the cloud (green or purple). - Lagging span (red line) on the candles. - then open buy near the white or blue line (always confirm the position with two other indicators below). IV.3.B. MACD Volume S2 by Gammaprod - Changing the background. - The line is near the middle line. - Have small Histogram. IV.3.C. Stoch RSI Divs Zone S3 by Gammaprod - Mix background specially on a timeframe 15m or more. - The line move fast up and down. - Better if on the bottom or the top of the lines (at a range 20 or 80). ============================================================================ >> The secret ingredient is comparing the timeframe : The example scalping (Timeframe 1m, 5m and 15m) - TF 1m is for making an open position. - TF 5m is for making a judgement of the trend market. - TF 15m is to confirm that judgement from TF 5m, be careful if it not similar then it used to be a consolidation or the beginning of the reversal. There's a lot a way to open the position than above information that i gave it to you, but consider there are a limit chars on this column, I hope it will help your trading and make a more profit on it.
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Gammaprod tarafından
16
Trendlines HTF [theEccentricTrader]█   OVERVIEW This indicator automatically draws dynamic higher timeframe support and resistance lines from preceding peak to current peak and from preceding trough to current trough. In the example above I have applied the indicator three times; one for the 1D trendlines (red), one for the 4H trendlines (orange) and one for the 2H trendlines (green). █   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. 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. Support and Resistance • Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further. • Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further. Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level, with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level, with the expectation that the price will drop back down. It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction. Trendlines Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs. █   FEATURES Inputs • HTF Resolution • Resistance Line Color • Support Line Color █   LIMITATIONS All green and red candle calculations are based 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. This may cause some unexpected behaviour on some markets and timeframes. 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. Similarly, if the current timeframe is not a factor of the higher timeframe there will be occasions when the left hand offset is out by a couple of bars. This is because the calculations are ultimately based on how many lower timeframe bars there are inside a sequence of higher timeframe bars. The lines will also behave unexpectedly if the higher timeframe resolution is lower than the current timeframe, but that should be expected. If the lines do not draw or you see a study error saying that the script references too many candles in history, this is most likely because the higher timeframe anchor point is not present on the current timeframe. This problem usually occurs when referencing a higher timeframe, such as the 1-month, from a much lower timeframe, such as the 1-minute. How far you can lookback for higher timeframe anchor points on the current timeframe will also be limited by 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.
Pine Script® göstergesi
theEccentricTrader tarafından
12
Trendlines [theEccentricTrader]█   OVERVIEW This indicator automatically draws dynamic support and resistance lines from preceding peak to current peak and from preceding trough to current trough. █   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. 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. Support and Resistance • Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further. • Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further. Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level, with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level, with the expectation that the price will drop back down. It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction. Trendlines Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs. █   FEATURES Inputs • Resistance Line Color • Support Line Color █   LIMITATIONS All green and red candle calculations are based 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. This may cause some unexpected behaviour on some markets and timeframes. 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.
Pine Script® göstergesi
theEccentricTrader tarafından