Rainbow Indicator - Polfwack ProThis is a reverse engineered completely free Version of an Indicator that you would normally have to spend huge amounts of money on. I personally believe that no one should pay a fortune for access to an Indicator that contains huge amounts of freely available stuff.
This indicator claims to be even better than Market Cipher. Turns out it uses - just as Market Cipher, freely available Indicators and puts them in a nice looking package. I packed in as much as it made sense, the original Indicator is visually very cluttered with - in my opinion, too much random stuff that I have left out for a cleaner look, for example the truckload of entry signals, MFI and that Autotrendline feature that no one really needs because the human brain is way better at drawing lines.
Was is included? From top to bottom:
1st Bar -> Color coded RSI status. It shows Oversold and Overbought, Bullish, Hidden Bullish, Bearish and Hidden Bearish Divergences.
2nd Bar -> Color coded Market Structure Analyser. It shows if the market is currently ranging, bullish or bearish based on calculated pivots and outbreaks of said pivots. Bullish and Bearish breaks are also being printed.
Main Oscillator -> An Awesome Oscillator (AO) that prints bullish, hidden bullish, bearish and hidden bearish divergences as well as positive and negative Pivot Points.
Bollinger Bands -> They are following the AO and are color coded to the long term trend indicator for less visual clutter.
Secondary Oscillator -> Accelerator Oscillator (AC).
3rd Bar -> Color coded longer term trend indicator, it mirrors the color code on the Bollinger Bands. The original uses an ATR-based calculation, but I found a Kumo cloud to be more simple and more reliable for this kind of thing.
4th Bar -> Color coded mirror of the Accelerator Oscillator.
I tried to make the whole Indicator as adjustable as possible, most of the variables can be edited to your liking.
On the internet you can find all sorts of strategies for every single of the included indicators.
I hope that I have saved you at least some money. Good luck.
Centered Oscillators
Ehlers Modified Relative Strength Index [CC]The Modified Relative Strength Index was created by John Ehlers (Cycle Analytics For Traders pgs 87-88) and this is a typical RSI that uses his roofing filter as the input. He smooths it with his own super smoother filter to provide signals. This indicator is extremely reactive and works in cycles so keep that in mind. I haven't been able to come up with clear buy and sell signals at this point so let me know if you any suggestions but I'm publishing the code to complete my goal of publishing all of his work one day. I will be publishing a bunch of Ehlers scripts in the next few weeks so stay tuned. What I recommend for buy and sell signals at this point are to buy when the indicator goes below the oversold line and starts going up and sell when the indicator goes below the oversold line a second time. Vice versa for sell signals.
Let me know if there are any other scripts you would like to see me publish!
% DivergenceSimple script to plot the amount of divergence between a source signal and the price of the chart.
I have an RSI version uploaded but this one allows any input. Figured RSI would be most useful most likely but this could be useful to have access to as well.
% Divergence of RSIA simple script that plots the difference between the %ROC of price vs the %ROC of RSI, AKA the % of divergence. A simple way to analyze how strong a potential divergence is. Top reversals are above 0, bottom reversals are below. A value of 0 means price and RSI are changing by the same % value. So, if oscillator is moving up as price moves up, it means divergence is increasing. If oscillator moves down as price moves up, it means divergence is decreasing.
MACD, EMA, Know sure thing, Chopy Market - high adaptabilityHey there :)
This is the free version of the script. The following indicators / settings are missing:
- Support and resistance zones
- dynamic textboxes for alarms when using bots (3 Commas, Alertatron, etc.)
- a table showing the current position, indicators and other important information
With this script there is the possibility to completely customize the MACD . Starting with the MACD and signal line, the histogram and the color of the histogram.
Since the Pinecoders team has previously deleted the script, I will mention the fee settings in a bit more detail:
In this script a fee of 0.01% and a slipage of 15 was used. With each trade the total capital (100%) is used with a risk reward of 1 to 1.5.
The total capital, i.e. the risk, can be changed at any time under the "Settings" tab at "Equity".
I also added an EMA , the Know sure thing indicator and the Chopy Market indicator (by TradingRush) to the script to filter out bad trades.
The EMA:
Since the EMA is very reliable and shows whether there is an upward or downward trend, it should be used with the indicators in any case. It prevents long trades in downward movements and vice versa.
The KST Indicator:
The KST indicator has a similar movement as the MACD, but is by and large a bit more time delayed. It filters out false swings of the MACD and thus prevents bad trades.
The Chopy Market Indicator by Tradingrush:
The Chopy Market indicator, which was introduced by TradingRush in one of its videos, has the ability to detect sideways markets and block zones below this line for trades by means of a fixed value (the line).
To exit the trades, I added the following options:
ATR Exits. Exits based on past candles (lowest low, highest high).
Static exits based on set percentages.
In the next days I will create a tutorial for the script, just have a look on my profile.
If you have any questions about the script, let me know.
Price Volume Trend + Signal and HistogramThis is a script based on PVT + Signal Line, which can be EMA or SMA. It then plots a histogram which is equal to PVT - Signal. This makes it easier to spot divergences.
To better match up the scales, we decided to add a multiplication factor to the histogram. Each asset and even timeframe requires a different multiplication factor, so please experiment to find what suits you.
Credits and special thanks are listed on the source code.
Forex bot full strategy with risk managementThis is a full strategy designed for forex major pairs, specially EUR/USD using 1h time frame chart.
Its components are
200 EMA
MACD
OBV
PSAR
RIsk management with tp and sl movements
Rules for entry
For long = Previous histogram from MACD was below 0 and current one is above 0. CLose of a candle is above EMA 200 , OBV oscillator is negative and we have an uptrend from PSAR
For short = Previous histogram from MACD was above 0 and current one is below 0. CLose of a candle is below EMA 200 , OBV oscillator is positive and we have an downtrend from PSAR
Rules for exit
For tp and sl values we calculate the distance from the close of candle until the psar values.
If you have any questions, let me know !
Natural Directional Combo [CC]The Natural Directional Combo was created by Jim Sloman as part of his Ocean theory series and I believe this is his final unique formula that I'm publishing to make them all open source. If you know of any others then please send me a message. He passed away at a young age and I want to make sure his legacy lives on. Big thanks to @altcoinz and @tmac87 for giving me his full source code and materials in order to publish everything. So like my Natural Market Combo script, this essentially take his Natural Stochastic Indicator and his Natural Directional Index to create his own average of both indicators. Like the market combo indicator, I created a fix to address the errors in his original script and included both strong and normal buy and sell signals. Strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other scripts you would like to see me publish!
Buy/Sell RatingIdentifies prices above and below input percentile thresholds over the input length of time. Use to identify buy/sell opportunities relative to recent pricing. Also provides percent of price distance from moving average over the same length.
Forex scalper 2xEMA + SRSI + MACDThis is a forex scalping strategy designed for the most liquid pairs, like major forex pairs.
Its made of
1 EMA 50
1 EMA 100
Stochastic RSI
MACD
Rules
For long :close of the candle is above moving average 50, moving average 50> moving average 100, macd histogram is positive and cross over of stochastic rsi with the oversold level.
For short :close of the candle is below moving average 50, moving average 50 < moving average 100, macd histogram is negative and cross under of stochastic rsi with the overbought level.
Exit
For exit we have take profit and stop loss using fixed pip points.
For this example on EURUSD we use 20 pips for both tp and sl
IF you have any questions let me know !
Vortex HeikinThis indicator use macd crossover plus vortex and heikin candle to find the best spot entry.
There a lot to improve if you want, it's only a starting point.
You can change Vortex indicator with ADX indicator to find a better spot, but there could be more false entry.
Pot SizeA little FREE script - which may help people set their trade size and stop levels for bitcoin trades.
NOTE :- This script conveys information that requires "indicator arguments" to be turned on.
TO USE :- To adjust to your requirements, click the cog wheel next to the indicator, and adjust "POT SIZE" (how much dollar you have), "RISK %" (the percentage of your dollar portfolio you would like to risk on this trade) and "BITCOIN AMOUNT" - until the short and long 'stop' lines are in the right place in your estimation, for a stop loss that represents the risk you want in relation to the current price for this trade.
The script takes its reference from the closing price; and doesn't include calculations for spread, fees, true range, and volatility etc. That is left open for anyone to add that if they wish. Anyone using this has to make their own adjustments for such considerations not being in this script and therefore make their own compensations.
Anyone wanting to change anything (because values don't go far enough for you) but doesn't know pinescript, can change the numbers next to "defval", "minval", "maxval", and "step" to their suiting in the script itself.
If you use this, you have to work out for yourself if it is useful for you or not. If you depend on it, you must have your own confidence that the calculations in it are acceptable and correct for your use, and you should check yourself and seek advice before trusting it. I convey no confidence in these calculations or this script, and they must be assumed to be acceptable by you if you use it.
Thanks
M
RSING Indicator [CC]The RSING indicator was created by Alon Horesh (Stocks & Commodities March 2021 pg 11) and this aims to be a better version of rsi that adapts to volume as well as a focus on overall strength. This is trying to fix the issues with the traditional RSI with a lack of volume and the issue where you could have the indicator stay in overbought or oversold territory but the upward or downward momentum continues. This indicator takes ratios of the current volume to it's moving average, the overall momentum of the stock, and the current range in comparison to the std deviation of it's past range and multiplies them all together to create this new indicator. I smooth it with a moving average for easier to read buy and sell signals. I have included strong buy and sell signals as darker colors and normal buy and sell signals as lighter colors. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
Natural Market Combo [CC]The Natural Market Combo was created by Jim Sloman and this is another one of my Ocean series of indicators to provide his full life's work free of charge to everyone. Just as the name implies, this is a combination of his two market indicators ( Natural Market River and Natural Market Mirror ) and this is a momentum indicator like the others. Big thanks to @altcoinz and @tmac87 for providing me the full source code and documentation to be able to publish all of Jim's work. This indicator is very simple to understand in that it takes the 2 market indicators and creates his own average of both indicators then smooths the result. I did fix an error that he didn't account for in his original script so the results are much more accurate. I have included strong buy and sell signals as darker colors and normal buy and sell signals as normal colors. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators or scripts you would like to see me publish!
Relative Strength 3D Indicator [CC]This is a custom indicator of mine loosely based on the work by James Garofallou (Stocks and Commodities Sep 2020 pg 14) and this is meant for medium to long term trend confirmations. The idea behind this indicator is to capture 3 different dimensions of trend strength. The first dimension captures the overall strength of the underlying stock vs the market (in this case the S&P 500). The second dimension captures the overall trend strength by assigning a scoring system so when all faster moving averages are stronger than slower moving averages then it gets the max points. The final dimension is the strength of the overall strength of everything so far. Buy when the indicator line turns green and sell when it turns red.
Let me know if there are any other indicators or scripts you would like to see me publish!
CM MACD Custom Indicator - Multiple Time Frame - V2***For a Detailed Video Overview Showing all of the Settings...
Click HERE to View Video
New _CM_MacD_Ult_MTF _V2 Update 07-28-2021
Thanks to @SKTennis for help in Updating code to V2
Added Groups to Settings Pane.
Added Color Plots to Settings Pane
Switched MTF Logic to turn ON/OFF automatically w/ TradingView's Built in Feature
Updated Color Transparency plots to work in future update
Added Ability to Turn ON/OFF Show MacD & Signal Line
Added Ability to Turn ON/OFF Show Histogram
Added Ability to Change MACD Line Colors Based on Trend
Added Ability to Highlight Price Bars Based on Trend
Added Alerts to Settings Pane.
Customized how Alerts work. Must keep Checked in Settings Pane, and When you go to Alerts Panel, Change Symbol to Indicator (CM_Ult_MacD_MTF_V2)
Customized Alerts to Show Symbol, TimeFrame, Closing Price, MACD Crosses Up & MACD Crosses Down Signals in Alert
Alerts are Pre-Set to only Alert on Bar Close
See Video for Detailed Overview
New Updates Coming Soon!!!
***Please Post Feedback and Any Feature Requests in the Comments Section Below***
Natural Directional Index [CC]The Natural Directional Index was created by Jim Sloman and this is another indicator that I'm publishing from the collection of Ocean indicators. I want to make sure his legacy is covered by as many eyes as possible. This is his version of the directional index indicator but he uses his weighting method to use the square root of time and you can see that the signals are very smooth. Big thanks of course to @altcoinz and @tmac87 for helping me get the full source code and files for all of his work. This indicator captures the current trend and I have used my strong buy and sell signals to let you know the strength of the current trend. Darker colors are for strong signals and lighter colors are for normal ones. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
Inverse Fisher Transform on RSI for backtest w/alertsThis version of the Inverse Fisher Transform on RSI comes with support for
1) Backtesting with Gavin's backtest script
2) Bypass, you can use another indicator to pause buy signals from this indicator. Just create another indicator that plots "1" whenever you want to activate the bypass on the IFTRSI signal.
3) Independent buy and sell level thresholds. Some tokens perform better with a higher sell level, even levels as high as 0.996, sometimes the buy level can also be relaxed to even 0.6 and get incredible results on the 5 minute chart.
4) alerts for Buy and Sell signals
Make sure you add Gavin's backtest and select external signal and this indicator as the source.
CCI BBThis indicator is the idea of giorno_4_16 .
It shows some indicator lines in your main chart as following:
SMA300, EMA200
BB 20 1,2,3sigma and middle
BB 300 1,2,3sigma and middle
You should put CCI (12, 14) into your separated chart to use the idea.
It shows arrows for registance trading when:
CCI(12) crossovers -200 or corssunders 200 in recent 6bars,
and the price crosses indicator line of SMA200, EMA200 and BB300 1,2,3sigma.
When CCI crossovers -200, you can condisider buying.
When CCI crossunders 200, you can condisider selling.
You should use this indicator in 1H or 4H.
When an arrow appears in 1H, change timeframe to 4H and check the slope of BB20.
If the slope is gentle, take-profit target is MA20 of 1H.
If the slope is steep(ex. CCI crossovers -200 and 4H BB20 go up steeply), take-profit target is BB20 2sigma of 1H.
Natural Stochastic Indicator [CC]The Natural Stochastic Indicator was created by Jim Sloman and this is another indicator from his Ocean series which I will eventually publish all of them. Big thanks to @altcoinz and @tmac87 for giving me all of the source code in order to publish Jim's life work. This is another momentum indicator but unlike a traditional stochastic indicator, this one doesn't use overbought and oversold levels. Instead it becomes a sell signal when the indicator starts getting lower and vice versa. This takes the classic approach to a stochastic and combines it with the time factor from Jim's Ocean Theory to create this new indicator. I have included strong buy and sell signals as darker colors and normal buy and sell signals as lighter colors. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
Natural Market Slope [CC]The Natural Market Slope was created by Jim Sloman and this is one of his many Ocean Indicators which I'm publishing thanks to receiving source materials from @altcoinz and @tmac87. I did completely rewrite the formula for this indicator but I commented out the original calculation so you can compare or just for study purposes. I like this version better because it is very smooth and the original formula is a bit faster with response but is very choppy in comparison.
This indicator was the basis for his Natural Market Combo which I will be publishing very soon so stay tuned for that. The idea behind all of his Natural indicators was to use the natural log of the current price in different ways. This indicator obviously focuses on the slope and it essentially becomes another momentum indicator which peaks when the upward momentum is gone and vice versa. Buy when the line turns green and sell when it turns red. I have added strong buy and sell signals in addition to the normal ones and strong signals are darker in color in comparison to the original lighter colors.
Let me know if there are any other indicators you would like to see me publish!
3CCI & 3RSI for botsThis script is for trading grid bots. Only CCI and RSI are used, but there are three different timeframes available for each. When using it, you must select a chart with a period equal to or less than the minimum in the indicator settings. For example, the following periods are selected in the settings: 1 hour, 15 minutes, 5 minutes, so we use a 5-minute chart. A buy or sell signal will be received if the settings of all 6 indicators match. The default settings do not carry any information, use your own. The code is quite simple and may be of interest to a beginner like me.
EWO Breaking Bands & XTLElliott Wave Principle, developed by Ralph Nelson Elliott , proposes that the seemingly chaotic behaviour of the different financial markets isn’t actually chaotic. In fact the markets moves in predictable, repetitive cycles or waves and can be measured and forecast using Fibonacci numbers. These waves are a result of influence on investors from outside sources primarily the current psychology of the masses at that given time. Elliott wave predicts that the prices of the a traded currency pair will evolve in waves: five impulsive waves and three corrective waves. Impulsive waves give the main direction of the market expansion and the corrective waves are in the opposite direction (corrective wave occurrences and combination corrective wave occurrences are much higher comparing to impulsive waves)
The Elliott Wave Oscillator ( EWO ) helps identifying where you are in the 5 / 3 Elliott Waves , mainly the highest/lowest values of the oscillator might indicate a potential bullish / bearish Wave 3. Mathematically expressed, EWO is the difference between a 5 period and 35 period moving average. In this study instead 35-period, Fibonacci number 34 is implemented for the slow moving average and formula becomes ewo = sma (HL2, 5) - sma (HL2, 34)
The Elliott Wave Oscillator enables traders to track Elliott Wave counts and divergences. It allows traders to observe when an existing wave ends and when a new one begins. Included with the EWO are the breakout bands that help identify strong impulses.
The Expert Trend Locator ( XTL ) was developed by Tom Joseph (in his book Applying Technical Analysis) to identify major trends, similar to Elliott Wave 3 type swings.
Blue bars are bullish and indicate a potential upwards impulse.
Red bars are bearish and indicate a potential downwards impulse.
White bars indicate no trend is detected at the moment.
Added "TSI Arrows". The arrows is intended to help the viewer identify potential turning points. The presence of arrows indicates that the TSI indicator is either "curling" up under the signal line, or "curling" down over the signal line. This can help to anticipate reversals, or moves in favor of trend direction.
