Stochastic - Signal (Expo)Stochastic - Signal (Expo)
DESCRIPTION
Stochastic is a popular momentum indicator that is built around the assumption that in an uptrend the price close near the high and in a downtrend the price close near the low. By calculating stochastic in this way gives the opportunity to see price momentum and price changes.
THIS INDICATOR PLOTS STOCHASTIC-SIGNALS and makes use of the standard calculation of Stochastic. The indicator has built-in flexibility that allows you to determine the oversold/overbought value and CrossOver/CrossUnder value of Stochastic. This enables you to fit the values to the current market characteristics.
HOW TO USE
1. Determine the oversold and overbought value depending on current market characteristics
2. Determine the CrossOver and CrossUnder value depending on current market characteristics
3. When the signal appears, consider Enter the market.
INDICATOR IN ACTION
Wall Street This setting on the indicator enables you to follow trends!
AMZN
Dow Jones Industrial Average Index
GOLD
DIVERGENCES
All types of momentum oscillator indicators produce divergences and so does Stochastics. Divergences occur when the oscillator deviates from the trending price action. Bullish divergence is then when the trending price makes a lower low but the oscillator makes a higher low. Bearish divergence is then when the trending price makes a higher high but the oscillator makes a lower high.
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE FREE INDICATOR
• Contact me on TradingView or use the links below
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
ค้นหาในสคริปต์สำหรับ "the script"
Camerilla PivotsBefore starting special thanks to @QuantNomad for his script "Ultimate Pivot Point Alerts"
Link : -
Please follow and support him for his work.
In this script I'm modifying how time frame factor is imported into the script and removing other types of Pivots and cleaning it further for only CAMs, I've also added the formulas for 5 and 6 numbers, it will help in trading breakout strategies.
Note that this way of importing Time frame produces minor difference in readings/levels from how it is done in QuantNomads script, so before taking your pics you should calculate your levels on separate sheet and compare which ones are working for you and your strategy.
I've been using this CAM setup for almost a year now, so I coded it as per my needs, it is up to users to utilize it to theirs.
Further utility:
1. You can hide/unhide S/R levels 5/6
2. This is MultiTimeframe version, meaning you can change Time-frame of Pivots being displayed on any TF chart.
3. Lines are produced for only level 3 and 4. And you can choose to hide them. Only Pivot line is kept and can not be hidden.
4. You can also choose to hide/unhide level value and only see label if you want.
5. No historical levels are kept to avoid clutter.
I've not included alerts as I don't use them, but if anyone wants it I suggest referring to @QuantNomad script bank. He has published number of excellent scripts in this regard.
There is no restrictions on this script, it can be used and reproduced freely. Its my way of doing little something for community and my first script.
Enjoy.
Bull Of Bitcoin MABullOfBitcoin MA
From studies conducted by Bull Of Bitcoin
Coding performed by GM_Hedge_Fund
The study is focused on the interactions of the candles with the 7 and 25 Moving Averages.
The script:
Plots 7 (grey), 25 (blue) and 99 (purple) MA on the chart in overlay
Signals a possible Long Entry when the 7MA crosses the 25MA
Signals a possible Short Sell when the second candle that closes under the 7MA
Signals a possible Short Sell (stronger than the previous one) when the first candle that closes under the 25 MA
Suggestions:
The script is meant to be displayed on a naked chart (no other indicators) with light background to facilitate the reading.
The script is complete with alarms and notifications that can be enabled with the button alarm on the right toolbar.
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If you enjoy please consider to support BullOfBitcoin by joining his Telegram, Twitter and Simon following on Twitter, TradingView and by sharing their script.
Twitter
@Bull0fBitcoin
@simonbakercryto
TradingView
@GM_Hedge_Fund
VWAP forex Yesterday Hi/Low update fix This script is an updte fix of an earlier script that stopped functioning when TradingView updated Pine script. This script plots Forex (24 hour session) VWAP, yesterday's high, low, open and close (HLOC),
the day before's HLOC -
Also plots higher timeframe 20 emas
1 minute 5, 15, 60 period 20 ema
5 minute 15, 60 period 20 ema
15 minute 60, 120 , 240 period 20 ema
60 minute 120, 240 period 20 ema
120 minute 240, D period 20 ema
240 minute D period 20 ema
Also signals inside bars (high is less than or equal to the previous bar's high and the low is greater than or equal to the previous low) the : true inside bars have a maroon triangle below the bar as well as a ">" above the bar.
If subsequest bars are inside the last bar before the last true inside bar they also are marked with an ">"
This is probably a slight variation from the way Leaf_West plots the inside bars.
It appears that he marks all bars that are inside the original bar until one a bar has a high or low
outside the original bar. But I would need to see an example on his charts.
The Time Session Glitch and the Fix FX_IDC, COINBASE and BITSTAMP:
The script will correctly default to 1700 hrs to 1700hrs EDT/EST session for FXCM.
Strangely some securities appear to erroneously start their session at 1200 hrs ie. My guess is that they are somehow tied to GMT+0 instead of New York time (GMT+5). See this for yourself by selecting EURUSD using the FXCM exchange (FX:EURUSD) and then EURUSD from the IDC exchange (FX_IDC:EURUSD). The FX-IDC session opening range starts 5 hours before it actually should at 1700 hrs EDT/EST. To correct for this I have implemented an automatic fix (default) and a user selected "5 hour time shift adjust. ment needed on some securities".
There is also a 4 hour time shift button which might be necessary when New York reverts from Eastern Standard Time to Eastern Daylight Time (1 hour difference) in March (and then back again in November). In the default auto adjust mode you will need to select the 1 hour time shift. That is if this glitch still exists at that time.
I have looked at other scripts, other than my own and where the script is available, that need to use information about the opening bar and all have the same time shift issue
COINBASE and BITSTAMP open at 0000 hours GMT. Since I use lines instead of circles or crosses I had to make a small adjustment to plot the lines correctly.
If it needs work let me know.
Jayy
Power Line — Adaptive Kalman/JMA - One The Mark TradingWhat this indicator does (in one line)
It plots one adaptive “Power Line” (the active slow MA for your current regime) and flips its colour when the fast crosses the slow after passing a set of precision filters (hysteresis, debounce, slope, ADX, optional HTF alignment). The script also gives you a right-side HUD with Entry / Stop / TP1–TP3 and an optional Mini Dashboard (RSI, ADX strength, candle strength).
Regimes (how the moving averages change by timeframe)
Auto by TF (default):
LTF (≤ LTF max minutes): Kalman(JMA) fast/slow (defaults 3/21). Kalman scope preset = Both (fast + slow smoothed by Kalman for low noise).
MID (≤ MID max minutes): RMA 20/50.
HTF (> MID max minutes): selectable MA 50/200 (EMA/SMA/RMA/WMA).
Manual: choose LTF / MID / HTF explicitly.
Tip: If your chart is very noisy (crypto LTF), keep LTF and leave Kalman scope = Both. For indices on 5–15m, try Fast only if you want slightly earlier flips.
Power Line & flips
The Power Line is the slow curve of your active pair (e.g., JMA 21 on LTF, RMA 50 on MID, etc.).
Green = bull, Red = bear.
A flip only registers when:
fast crosses slow beyond a buffer (flipBufATR × ATR),
the condition holds for debounceBars bars (if > 0),
the slope of the Power Line exceeds slopeMinTick,
ADX ≥ adxMin (if ADX gate on), and
HTF alignment agrees (if enabled).
This reduces tiny back-and-forth whips.
Mini Dashboard (top-right by default)
Trend: current direction (from flips).
RSI: quick read of momentum (Bullish / Neutral / Bearish).
ADX: trend strength buckets (Weak / Trending / Strong).
Candle Strength: current candle body-to-range (±100).
Move it: Settings → Mini Dashboard → Dashboard position.
Use the dashboard to validate a candidate entry (e.g., avoid shorts when RSI is deeply oversold and candle strength is strongly bullish unless you’re fading a spike).
The HUD (Entry / SL / TP1–TP3)
On every confirmed flip the script:
Sets Entry at the signal close (or at the Power Line if you switch Entry price to Basis).
Sets Stop to the internal Adaptive SuperTrend line (not plotted, but shown as a dashed HUD line).
Projects TP1/TP2/TP3 at 1R / 2R / 3R multiples of (Entry – Stop).
Options:
Ratchet entry (while the trend holds) to keep entries sensible if you build in later.
Auto BE at TP1 to move the stop to breakeven after a 1R tag.
Max entry drift (R) to clamp entries that wander too far from current price.
How to take entries (playbooks)
A) Conservative continuation (my default)
When: A fresh flip has printed (new colour), but price is extended.
How:
Wait for a pullback toward the Power Line (or toward the dashed SuperTrend HUD line).
Enter with trend on a supportive candle (e.g., bullish body for longs).
Stop: keep at the HUD Stop.
TPs: scale at TP1, move to BE (toggle on), let a runner to TP2/TP3.
Why: Pullbacks reduce chasing risk and improve RR.
B) Aggressive flip-close
When: High momentum flips with strong dashboard.
How:
Enter on the close of the confirmed flip bar.
Use the HUD Stop.
If ATR is high, consider taking a partial at 0.75–1.0R and move to BE quickly.
Why: Captures fast breaks, but only do it when ADX ≥ threshold and Candle Strength agrees.
C) Retest trigger
When: Flip is in, price retests the Power Line from the new side.
How:
Wait for a tag or small pierce of the Power Line.
Enter on the next candle closing back with trend.
Stop at HUD Stop, standard TP ladder.
Why: Elegant risk; lets the market confirm the new regime.
Using the filters (when to tighten/loosen)
Hysteresis buffer (flipBufATR):
Noisy LTF/crypto: 0.15–0.30.
Cleaner markets/HTF: 0.05–0.15.
Debounce bars (debounceBars):
0 = instant.
1–2 on LTF to avoid micro-spikes.
Slope gate:
slopeLen 5 and slopeMinTick 2 ticks are sensible.
Raise slopeMinTick if you still get sideways flips.
ADX gate:
Start with adxLen 14, adxMin 20–25.
Raise to 30 if you only want strong trends.
HTF alignment:
Enable when you want swing-style trades only with the higher-timeframe tide (e.g., trade 5m only in the direction of 1h Power Line).
Timeframe suggestions
Scalps (1–3m / 5m): LTF regime, Kalman scope = Both, buffer 0.20–0.30, debounce 1–2.
Intraday trends (5–15m / 30m): LTF or MID depending on your thresholds; ADX gate ≥ 20–25.
Swing (1h / 4h / Daily): MID/HTF; consider HTF alignment with one level above (e.g., trade 1h with 4h alignment).
Risk & trade management (simple and robust)
Risk fixed R per trade (e.g., 1% account per R).
Stop: HUD Stop (adaptive ST).
TPs:
TP1 at 1R → take 25–50% → move to BE (toggle Auto BE at TP1).
TP2 at 2R, TP3 at 3R for runners.
If volatility compresses (dashboard ADX “Weak”), either tighten or skip.
Alerts (so you don’t stare at screens)
Enable the built-in alerts:
Bullish flip and Bearish flip (they already respect your filters).
You can add alerts on price crossing TP lines if you’d like (TradingView “Add Alert on Horizontal Line”), or wire custom alerts into the script.
Tuning checklist (if you see too many whips)
Increase flipBufATR (0.2 → 0.3).
Add one more debounceBars.
Raise slopeMinTick.
Increase adxMin to 25–30.
Turn on HTF alignment.
Common pitfalls
Chasing the first flip candle in high ATR spikes without ADX/slope confirmation. Use the Retest or Conservative playbook instead.
Turning off all filters on very low timeframes. Expect noise if you do.
Ignoring the HUD Stop: it’s adaptive; don’t freehand it unless your structure stop is tighter and logical.
Quick start (TL;DR)
Keep Auto by TF on.
Use Conservative entry: wait for pullback to the Power Line after a flip.
Confirm dashboard (RSI not fighting, ADX not “Weak”, candle strength supporting).
Stop at HUD line; TP1 at 1R → BE; scale at TP2/TP3.
If you want fewer but cleaner trades, enable HTF alignment.
Pure Price Action Liquidity Sweeps [LuxAlgo]The Pure Price Action Liquidity Sweeps indicator is a pure price action adaptation of our previously published and highly popular Liquidity-Sweeps script.
Similar to its earlier version, this indicator detects the presence of liquidity sweeps on the user's chart, while also identifying potential areas of support/resistance or entry when liquidity levels are taken. The key difference, however, is that this price action version relies solely on price patterns, eliminating the need for numerical swing length settings.
🔶 USAGE
A Liquidity Sweep occurs when the price breaks through a liquidity level , after which the price returns below/above the liquidity level , forming a wick.
The examples below show a bullish and bearish scenario of "a wick passing through a liquidity level where the price quickly comes back".
Short-term liquidity sweep detection is based on short-term swing levels. Some of these short-term levels, depending on further market developments, may evolve into intermediate-term levels and, in the long run, become long-term levels. Therefore, enabling short-term detection with the script means showing all levels, including minor and temporal ones. Depending on the trader's style, some of these levels may be considered noise. Enabling intermediate and long-term levels can help filter out this noise and provide more significant levels for trading decisions. For further details on how swing levels are identified please refer to the details section.
The Intermediate-term option selection for the same chart as above, filters out minor or noisy levels, providing clearer and more significant levels for traders to observe.
🔶 DETAILS
The swing points detection feature relies exclusively on price action, eliminating the need for numerical user-defined settings.
The first step involves detecting short-term swing points, where a short-term swing high (STH) is identified as a price peak surrounded by lower highs on both sides. Similarly, a short-term swing low is recognized as a price trough surrounded by higher lows on both sides.
Intermediate-term swing and long-term swing points are detected using the same approach but with a slight modification. Instead of directly analyzing price candles, we now utilize the previously detected short-term swing points. For intermediate-term swing points, we rely on short-term swing points, while for long-term swing points, we use the intermediate-term ones.
🔶 SETTINGS
Detection: Period options of the detected swing points.
🔶 RELATED SCRIPTS
Pure-Price-Action-Structures.
Liquidity-Sweeps.
[EVI]EMA with Volume LevelsThe " EMA with Volume Levels" script calculates the Exponential Moving Average (EMA) of the closing prices over a specified period and dynamically changes the color of the EMA based on volume levels. This indicator helps traders easily identify the current volume conditions. As the volume increases or decreases, the color of the EMA changes, providing a visual cue that can assist in making better trading decisions.
Features
This script offers the following features:
EMA Calculation: Calculates the Exponential Moving Average of the closing prices over the user-defined period (default is 360).
Volume Threshold Calculation: Computes the Simple Moving Average (SMA) and standard deviation of the volume over the user-defined period (default is 500), classifying the volume levels into extreme, high, medium, and low.
Dynamic EMA Color: Changes the color of the EMA dynamically based on volume levels, displaying it visually on the chart.
Chart Interpretation
EMA Color and Volume:
If the EMA line is red, it indicates very high volume.
If the EMA line is green, it indicates high volume.
If the EMA line is light green, it indicates medium volume.
If the EMA line is gray, it indicates low volume.
If the EMA line is dark gray, it indicates very low volume.
Cross Analysis:
When the EMA line and the candles are about to cross, and the volume is high (causing the EMA line to turn red), the candles are more likely to break through the 360-day EMA line.
Conversely, if the volume is low and the EMA line turns dark, the EMA line will likely act as a resistance or support level, increasing the likelihood of a bounce.
Additional Indicator:
Using the 20-day moving average along with this script can be beneficial. Combining these two moving averages can provide a more comprehensive view of market volatility.
Notes
Clean Chart: Ensure your chart is clean when using this script. Avoid including other scripts or unnecessary elements.
Additional Explanation: If further explanation is needed on how to use or understand the script, you can use drawings or images on the chart to provide additional context.
Rolling MACDThis indicator displays a Rolling Moving Average Convergence Divergence . Contrary to MACD indicators which use a fix time segment, RMACD calculates using a moving window defined by a time period (not a simple number of bars), so it shows better results.
This indicator is inspired by and use the Close & Inventory Bar Retracement Price Line to create an MACD in different timeframes.
█ CONCEPTS
If you are not already familiar with MACD, so look at Help Center will get you started www.tradingview.com
The typical MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s. It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.
The MACD indicator(or "oscillator") is a collection of three time series calculated from historical price data, most often the closing price. These three series are: the MACD series proper, the "signal" or "average" series, and the "divergence" series which is the difference between the two. The MACD series is the difference between a "fast" (short period) exponential moving average (EMA), and a "slow" (longer period) EMA of the price series. The average series is an EMA of the MACD series itself.
Because RMACD uses a moving window, it does not exhibit the jumpiness of MACD plots. You can see the more jagged MACD on the chart above. I think both can be useful to traders; up to you to decide which flavor works for you.
█ HOW TO USE IT
Load the indicator on an active chart (see the Help Center if you don't know how).
Time period
By default, the script uses an auto-stepping mechanism to adjust the time period of its moving window to the chart's timeframe. The following table shows chart timeframes and the corresponding time period used by the script. When the chart's timeframe is less than or equal to the timeframe in the first column, the second column's time period is used to calculate RMACD:
Chart Time
timeframe period
1min 🠆 1H
5min 🠆 4H
1H 🠆 1D
4H 🠆 3D
12H 🠆 1W
1D 🠆 1M
1W 🠆 3M
You can use the script's inputs to specify a fixed time period, which you can express in any combination of days, hours and minutes.
By default, the time period currently used is displayed in the lower-right corner of the chart. The script's inputs allow you to hide the display or change its size and location.
Minimum Window Size
This input field determines the minimum number of values to keep in the moving window, even if these values are outside the prescribed time period. This mitigates situations where a large time gap between two bars would cause the time window to be empty, which can occur in non-24x7 markets where large time gaps may separate contiguous chart bars, namely across holidays or trading sessions. For example, if you were using a 1D time period and there is a two-day gap between two bars, then no chart bars would fit in the moving window after the gap. The default value is 10 bars.
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This indicator should make trading easier and improve analysis. Nothing is worse than indicators that give confusingly different signals.
I hope you enjoy my new ideas
best regards
Chervolino
[ChasinAlts] SuppRe-me ZonesHello fellow tradeurs, I couldn't find one similar on TV so wanted to make it.. Took me a little while to figure some things out as I am in new coding territory with this script. I had a hard time finding ways to make only a partial zone/box disappear if price only crossed part of it. Nonetheless, I figured it out so I hope you enjoy the outcome. Now, allow me to take a second to first explain the utility that is this script...or at least expose my reasoning when I decided to go ahead with this little project and take the precious time necessary to learn parts of pine that I did not previously know how to deal with. Ultimately, I built this for the 1s-15s TF(except for the "Consecutive Bars/Large Bars" Boxes...Those were meant to use on both these second TFs and Higher TFs.... ). The reasoning behind all of this was to give me a more definitive answer to all of my questions regarding the speed at which it would take price to revisit areas that it very abruptly went to/left on a VERY short TF (like the 1sec charts)...or even if it EVER would). To determine this I wanted to draw lines starting at the end of large wicks, draw boxes spanning the entire span of large wicks, and lastly to draw boxes spanning the entire span of very large bodies. For this last one, not only did I want to draw a box on a single candle that possessed a large body but also if there were consecutive red candles in a row, their bodies could be summed up and if this summation exceeds the minimum body % threshold then it too counts just like a single large candled body would if it was larger than the threshold. All in all I really enjoyed this script and most importantly the data that it produces. What I found after coding the script was that (again on the 1 sec- 15 sec charts) was that price very quickly (relatively speaking I suppose) came back over these box/zoned areas and that the lines drawn from the tip of the large wicks would at some point in the near future act as very good support and resistance for price to either bounce off of or breakout from.
Now, with each of these objects you can choose to delete them when price crosses the object or have them continuously drawn on the chart...your call...but it gets awful messy sometimes if you let them continue printing.
Peace and love people...peace and love,
-ChasinAlts
MTFT Actionable Signal Targets, TheStrat Suite (4of5)Multi Time Frame Tools
Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier.
All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized.
Longer TF analysis.
Yearly - Black
Semi-Annual - Yellow
Quarterly - White
Monthly - Maroon
Weekly - Royal Blue
Daily - Lime
Shorter TF analysis.
4 hour - Fuchsia
1 hour - Orange
30 min - Red
15 min - Brown
10 min - Purple
5 min - Lilac
All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu.
Recommended Chart Color Layout
I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors.
-> Click on the settings wheel on your chart. -> Click on “Appearance”.
Background - Solid -> On the top row pick the 6th color from the left.
Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left.
You may of course change these and the indicator line colors as you like.
Adding indicator to Chart
-> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart.
MTFT TheStrat Suite (5 Scripts)
Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master.
1. MTFT Patterns Pro/Noob
2. MTFT Full Time Frame Continuity Table
3. MTFT Last HML wOpen
*4. MTFT Actionable Signal Targets
5. MTFT Reversal Lines
MTFT Actionable Signal Targets, TheStrat Suite (4of5)
Plots the previous highs/lows for the selected timeframe. Will not plot the high/low for a candlestick that is still active/open. You will have to manually Enable/Disable the high/low depending on the type of actionable signal that you are observing. Previous high/low lines will start from the near exact time that it opened so you can see exactly from what previous candlestick you are tracking each target.
Features includes:
1. Six Different Timeframes per script instance. Example below shows a weekly timeframe selected with a Shooting Star as the actionable signal that is being considered along with the past 3 lows for the Week timeframe being enabled. These would be your targets if you were to enter this SHORT trade. Keep in mind that every new week that opens the script will update to the newest 3 lows so if you are still inside a trade you might have to increase the number of past lines in order to keep an eye on the original targets. Which is why I selected 3 in this example, even if there is only 2 targets in mind.
The script will allow you to observe how price moves after an actionable signal is triggered and as it approaches the targets on smaller timeframes. Here is the setup from above on a daily timeframe selected showing how priced moved to the targets. This is all based on Robs teachings, but broken down to better grasp how price moves between pivots.
2. 20 different TF to pick from per slot. Timeframes(TF) include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), 2-Week(2W), Weekly(W), 3-Day(3D), Daily(D), 12 hour, 8 hour, 6 hour, 4 hour, 3 hour, 2 hour, 1 hour, 30 min, 15 min, 10 min, 5 min. NOTICE: 2W, 3D, 2D, 12h, 8h, 6h, 3h, and 2h don’t have a supported color scheme as I do not personally use them. They are available to pick from in the timeframe selection and you can set a color for these timeframes under the “Unsupported Color Scheme” section in the settings menu for the script if you would like to use them.
3. Show exact price at the pivots. Since drawing lines vs plots doesn’t show the value in the price bar on the right side this setting will show the value of the targets. Image below shows an example of how this looks.
4. Auto-hide timeframes based on specific timeframes selected. For this script, I look for timeframes smaller than the selected timeframe and auto hide these. This applies to all timeframes. For example, in the above Weekly Shooting Star example. If I were to select the monthly timeframe it would hide this timeframe selected so would not show the weekly targets. In the higher timeframes these targets are irrelevant.
IMPORTANT NOTE: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection.
Example using TheStrat Pro MTFT with this indicator.
Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” on a smaller timeframe that has an instance of this indicator on a larger timeframe calculation that is in range of the candlestick that formed your actionable signal. This means that the indicators plot you are observing must be above the low and below the high of the candlestick that is the actionable signal/reversal signal. Image below shows what this would look like with this indicator.
The Image below shows what this would look like with this indicator. The selected timeframe is the Weekly, it shows an ‘S’ char above which is an indication of a Shooting Star Actionable signal and the low from 4 months ago in range showing some potential resistance. This actionable signal is meant to be played for SHORTS. If the low is breached than you would enter a short. For targets you would look at the previous pivots, for this example all targets were hit. This wont always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence.
KISS BOT (Keep It Simple BOT)A very simple script that can be used for Futures and Options Trading - for stocks, crypto, forex etc.
The script includes usage of following public scripts:
1. Super Trend
2. Linear Regression
3. Exponential Moving Average
Concept, we are using three EMA, with source High, Low, and Close. We want to buy or sell when there is a crossover of third EMA (fastest) over first and second respectively.
E.g. the default values are EMA 13 High, EMA 13 Low and EMA 5 Close, we will get Buy signal when EMA 5 crosses over EMA 13 High and we will get Sell signal when EMA 5 crosses under EMA 13 Low.
Super Trend settings are made for Looking for Buy or Looking Sell, so that we focus on the trend. Trend is your friend.
Buy Trigger Line and Sell Trigger Line are just indication of using Trigger Line, buy is when EMA 5 crosses EMA 13 Low and Sell When EMA 5 Crosses EMA 13 High
The Tunnel or Band highlighted is the no trade zone for us and we do not want to trade side ways market.
Inside Bars are shown in Yellow, these candles do not qualify for any trade decision.
Outside Bars are shown in Pink, these candles do not qualify for any trade decision
Trendline Pairs (Deep Search)After getting good response on Wedge-and-Flag-Finder-Multi-zigzag , I thought I will build little bit further into the script.
Main differences
Uses deep search algorithm for patterns instead of just using last 5 pivots
Flag pattern is removed so that we can concentrate mainly on trend line pairs
More number of overall patterns.
Trend Patterns Included
Channel - Rising, Falling, Ranging
Wedge - Rising, Falling + Expanding, Contracting types
Triangle - Expanding, Contracting
Indeterminate - Happens in rare cases where angle calculation results in error. It may still belong to one of the above patterns.
Please note:
This is published as free to use but protected source code indicator. This is because the script contains deep search algorithm which isn't made public yet and is also been used in other invite only scripts.
Will not be adding alerts to this indicator.
Swing Assassin's Consolidated ScriptI put this script together to essentially consolidate a number of scripts that I use on a daily basis into one script. This is an ongoing improvement effort, so there may be some garbage in here right now so keep that in mind if you intend to use this to help in your trading.
There are 5 moving averages (Hull). I use the Fast, Mid and Slow to find entries after I us the Medium Slow and Super Slow to identify a trend. Otherwise, I have those three turned off.
This script also uses Bollinger Bands which I literally cannot trade without.
The script also has anchored VWAP , automated support/resistance lines, and a homebrewed Volume Profile that is a copy from Ildar Akhmetgaleev's indicator "Poor Man's Volume Profile" used under Mozilla Public License Version 2.0.
Relative Volume (rVol), Better Volume, Average Volume ComparisonThis is the best version of relative volume you can find a claim which is based on the logical soundness of its calculation.
I have amalgamated various volume analysis into one synergistic script. I wasn't going to opensource it. But, as one of the lucky few winners of TradingClue 2. I felt obligated to give something back to the community.
Relative volume traditionally compares current volume to prior bar volume or SMA of volume. This has drawbacks. The question of relative volume is "Volume relative to what?" In the traditional scripts you'll find it displays current volume relative to the last number of bars. But, is that the best way to compare volume. On a daily chart, possibly. On a daily chart this can work because your units of time are uniform. Each day represents a full cycle of volume. However, on an intraday chart? Not so much.
Example: If you have a lookback of 9 on an hourly chart in a 24 hour market, you are then comparing the average volume from Midnight - 9 AM to the 9 AM volume. What do you think you'll find? Well at 9:30 when NY exchanges open the volume should be consistently and predictably higher. But though rVol is high relative to the lookback period, its actually just average or maybe even below average compared to prior NY session opens. But prior NY session opens are not included in the lookback and thus ignored.
This problem is the most visibly noticed when looking at the volume on a CME futures chart or some equivalent. In a 24 hour market, such as crypto, there are website's like skew can show you the volume disparity from time of day. This led me to believe that the traditional rVol calculation was insufficient. A better way to calculate it would be to compare the 9:30 am 30m bar today to the last week's worth of 9:30 am 30m bars. Then I could know whether today's volume at 9:30 am today is high or low based on prior 9:30 am bars. This seems to be a superior method on an intraday basis and is clearly superior in markets with irregular volume
This led me to other problems, such as markets that are open for less than 24 hours and holiday hours on traditional market exchanges. How can I know that the script is accurately looking at the correct prior relevant bars. I've created and/or adapted solutions to all those problems and these calculations and code snippets thus have value that extend beyond this rVol script for other pinecoders.
The Script
This rVol script looks back at the bars of the same time period on the viewing timeframe. So, as we said, the last 9:30 bars. Averages those, then divides the: . The result is a percentage expressed as x.xxx. Thus 1.0 mean current volume is equal to average volume. Below 1.0 is below the average and above 1.0 is above the average.
This information can be viewed on its own. But there are more levels of analysis added to it.
Above the bars are signals that correlate to the "Better Volume Indicator" developed by, I believe, the folks at emini-watch and originally adapted to pinescript by LazyBear. The interpretation of these symbols are in a table on the right of the indicator.
The volume bars can also be colored. The color is defined by the relationship between the average of the rVol outputs and the current volume. The "Average rVol" so to speak. The color coding is also defined by a legend in the table on the right.
These can be researched by you to determine how to best interpret these signals. I originally got these ideas and solid details on how to use the analysis from a fellow out there, PlanTheTrade.
I hope you find some value in the code and in the information that the indicator presents. And I'd like to thank the TradingView team for producing the most innovative and user friendly charting package on the market.
(p.s. Better Volume is provides better information with a longer lookback value than the default imo)
Credit for certain code sections and ideas is due to:
LazyBear - Better Volume
Grimmolf (From GitHub) - Logic for Loop rVol
R4Rocket - The idea for my rVol 1 calculation
And I can't find the guy who had the idea for the multiples of volume to the average. Tag him if you know him
Final Note: I'd like to leave a couple of clues of my own for fellow seekers of trading infamy.
Indicators: indicators are like anemometers (The things that measure windspeed). People talk bad about them all the time because they're "lagging." Well, you can't tell what the windspeed is unless the wind is blowing. anemometers are lagging indicators of wind. But forecasters still rely on them. You would use an indicator, which I would define as a instrument of measure, to tell you the windspeed of the markets. Conversely, when people talk positively about indicators they say "This one is great and this one is terrible." This is like a farmer saying "Shovels are great, but rakes are horrible." There are certain tools that have certain functions and every good tool has a purpose for a specific job. So the next time someone shares their opinion with you about indicators. Just smile and nod, realizing one day they'll learn... hopefully before they go broke.
How to forecast: Prediction is accomplished by analyzing the behavior of instruments of measure to aggregate data (using your anemometer). The data is then assembled into a predictive model based on the measurements observed (a trading system). That predictive model is tested against reality for it's veracity (backtesting). If the model is predictive, you can optimize your decision making by creating parameter sets around the prediction that are synergistic with the implications of the prediction (risk, stop loss, target, scaling, pyramiding etc).
<3
Tic Tac Toe (For Fun)Hello All,
I think all of you know the game "Tic Tac Toe" :) This time I tried to make this game, and also I tried to share an example to develop a game script in Pine. Just for fun ;)
Tic Tac Toe Game Rules:
1. The game is played on a grid that's 3 squares by 3 squares.
2. You are "O", the computer is X. Players take turns putting their marks in empty squares.
3. if a player makes 3 of her marks in a row (up, down, across, or diagonally) the he is the winner.
4. When all 9 squares are full, the game is over (draw)
So, how to play the game?
- The player/you can play "O", meaning your mark is "O", so Xs for the script. please note that: The script plays with ONLY X
- There is naming for all squears, A1, A2, A3, B1, B2, B3, C1, C2, C3. you will see all these squares in the options.
- also You can set who will play first => "Human" or "Computer"
if it's your turn to move then you will see "You Move" text, as seen in the following screenshot. for example you want to put "O" to "A1" then using options set A1 as O
How the script play?
it uses MinMax algorithm with constant depth = 4. And yes we don't have option to make recursive functions in Pine at the moment so I made four functions for each depth. this idea can be used in your scripts if you need such an algorithm. if you have no idea about MinMax algorithm you can find a lot of articles on the net :)
The script plays its move automatically if its turn to play. you will just need to set the option that computer played (A1, C3, etc)
if it's computer turn to play then it calculates and show the move it wants to play like "My Move : B3 <= X" then using options you need to set B3 as X
Also it checks if the board is valid or not:
I have tested it but if you see any bug let me know please
Enjoy!
Tradingedge Academy REVERSAL CATCHER (RECAT)Core idea behind designing this tool is to CATCH REVERSALS in the live market.
Reversal can be a TREND REVERSAL or a TEMPORARY PULL BACK. This tool works perfectly in both situations.
HOW TO USE:
AFTER YOU APPLY THE SCRIPT.
1. WAIT FOR THE FORMATION BLUE/YELLOW COLOURED BARS AT DAY HIGH/LOW.
Accuracy is highest when the REVERSALS are caught at DAY HIGH/LOW. I would suggest you to work only on DAY HIGH/LOW candles.
Do not jump into the trade. Wait for the candle to close.
2. BLUE represents the start of a BEARISH TREND or simply "SELL SIGNAL".
YELLOW represents the beginning of a BULLISH TREND or simply "BUY SIGNAL".
3. If the BLUE candle is formed at DAY HIGH.
SELL below it's LOW with DAY HIGH as Stoploss. (Keep some BUFFER).
If the YELLOW candle is formed at DAY LOW.
BUY above it's HIGH with DAY LOW as Stoploss. (Keep some BUFFER).
4. TARGET
Risk : Reward = 1:1
Trail Stoploss for 1:2, 1:2.5, 1:3
NOTE:
RECAT can be used in any timeframe. However, lower timeframes tend to have more noise as compared to 15mins and above.
RECAT can be used with all the SCRIPTS. However, high volume scripts give better results.
THERE IS ABSOLUTELY NO REPAINTING AFTER THE CANDLE IS CLOSED.
CONTACT ME FOR ACCESS.
DETAILS IN SIGNATURE.
alpha Renko intraday wave timeI was asked to share my experimental Renko intraday wave time. So here it is warts and all. The same for the rest - except the Weis cumulative volume.
Renko wave time is in minutes. This script is strictly intraday and has not been played with extensively.
You must use traditional Renko and set the script wave size to the same size as the Renko brick size.
If you click on the sideways wishbone or "V" in the middle upper part of the chart you will get all of the scripts in this particular sandbox. After clicking the sideways wish bone click on "make it mine". You will then have the whole sandbox. The only published script is the Weis cumulative wave.
The "Boys MAs" is supposed to be a script for daily charts and from within some kind of consolidation. In any case I am intrigued by some signals. You have a variety of sandbox options in the format section of the boys MAs.
These codes are pretty rough with lots of abandoned lines of script.
IU Trailing Stop Loss MethodsThe 'IU Trailing Stop Loss Methods' it's a risk management tool which allows users to apply 12 trailing stop-loss (SL) methods for risk management of their trades and gives live alerts when the trailing Stop loss has hit. Below is a detailed explanation of each input and the working of the Script.
Main Inputs:
- bar_time: Specifies the date from which the trade begins and entry price will be the open of the first candle.
- entry_type: Choose between 'Long' or 'Short' positions.
- trailing_method: Select the trailing stop-loss method. Options include ATR, Parabolic SAR, Supertrend, Point/Pip based, Percentage, EMA, Highest/Lowest, Standard Deviation, and multiple target-based methods.
- exit_after_close: If checked, exits the trade only after the candle closes.
Optional Inputs:
ATR Settings:
- atr_Length: Length for the ATR calculation.
- atr_factor: ATR multiplier for SL calculation.
Parabolic SAR Settings:
- start, increment, maximum: Parameters for the Parabolic SAR indicator.
Supertrend Settings:
- supertrend_Length, supertrend_factor: Length and factor for the Supertrend indicator.
Point/Pip Based:
- point_base: Set trailing SL in points/pips.
Percentage Based:
- percentage_base: Set SL as a percentage of entry price.
EMA Settings:
- ema_Length: Length for EMA calculation.
Standard Deviation Settings:
- std_Length, std_factor: Length and factor for standard deviation calculation.
Highest/Lowest Settings:
- highest_lowest_Length: Length for the highest/lowest SL calculation.
Target-Based Inputs:
- ATR, Point, Percentage, and Standard Deviation based target SL settings with customizable lengths and multipliers.
Entry Logic:
- Trades initiate based on the entry_type selected and the specified bar_time.
- If Long is selected, a long trade is initiated when the conditions match, and vice versa for Short.
Trailing Stop-Loss (SL) Methods Explained:
The strategy dynamically adjusts stop-loss based on the chosen method. Each method has its calculation logic:
- ATR: Stop-loss calculated using ATR multiplied by a user-defined factor.
- Parabolic SAR: Uses the Parabolic SAR indicator for trailing stop-loss.
- Supertrend: Utilizes the Supertrend indicator as the stop-loss line.
- Point/Pip Based: Fixed point-based stop-loss.
- Percentage Based: SL set as a percentage of entry price.
- EMA: SL based on the Exponential Moving Average.
- Highest/Lowest: Uses the highest high or lowest low over a specified period.
- Standard Deviation: SL calculated using standard deviation.
Exit Conditions:
- If exit_after_close is enabled, the position will only close after the candle confirms the stop-loss hit.
- If exit_after_close is disabled, the strategy will close the trade immediately when the SL is breached.
Visualization:
The script plots the chosen trailing stop-loss method on the chart for easy visualization.
Target-Based Trailing SL Logic:
- When a position is opened, the strategy calculates the initial stop-loss and progressively adjusts it as the price moves favorably.
- Each SL adjustment is stored in an array for accurate tracking and visualization.
Alerts and Labels:
- When the Entry or trailing stop loss is hit this scripts draws a label and give alert to the user that trailing stop has been hit for the trade.
Note - on the historical data The Script will show nothing if the entry and the exit has happened on the same candle, because we don't know what was hit first SL or TP (basically how the candle was formed on the lower timeframe).
Summary:
This script offers flexible trailing stop-loss options for traders who want dynamic risk management in their strategies. By offering multiple methods like ATR, SAR, Supertrend, and EMA, it caters to various trading styles and risk preferences.
Simple COT ReportCOT Net Positions Indicator
Author: © Munkhtur
This indicator provides a comprehensive visualization of the Commitment of Traders (COT) report data, enabling traders to analyze market sentiment and positioning for key market participants.
Key Features:
Dashboard Display: Shows the net positions of Commercial, Noncommercial, and Nonreportable (Retail) traders.
Dynamic Position Tracking: Highlights significant changes in long and short positions for all trader categories based on customizable percentage thresholds.
COT Data Integration: Utilizes Legacy COT report data with clear segregation of long, short, and net positions.
Visual Signals:
Bullish and bearish trends are indicated with customizable colors for better chart visualization.
Displays "open" and "close" position changes directly on the price candles for easier tracking.
Flexible Configuration: Adjustable settings for dashboard location, text size, percentage thresholds, and color schemes.
How to Use:
Load the Script: Add the indicator to your Futures chart only by navigating to the TradingView indicators menu and selecting it from your saved scripts.
Customize Settings:
Dashboard: Enable or disable the dashboard, and set its position (Top Left, Top Right, etc.).
Data on Candle: Turn on/off the visualization of COT data changes on price candles and define the percentage change threshold to focus on significant moves.
Style Options: Customize bullish and bearish colors for better visual differentiation.
Select Trader Group: Choose from Commercial, Noncommercial, or Nonreportable positions in the settings menu to analyze the specific group of market participants.
Interpret Signals:
Green bars indicate opening long positions or bullish sentiment.
Red bars highlight opening short positions or bearish sentiment.
Yellow and purple bars signify the closure of long and short positions, respectively.
Use Cases:
Identify market sentiment shifts by observing net position changes among different trader groups.
Spot potential trend reversals based on COT data dynamics.
Use as a complementary tool to confirm your existing trading strategies.
Disclaimer:
This indicator is a tool for educational and informational purposes only. Always combine it with your own analysis and risk management strategy when trading.
Systematic Investment Tracker by Ceyhun Gonul### English Description
**Systematic Investment Tracker with Enhanced Features**
This script, titled **Systematic Investment Tracker with Enhanced Features**, is a TradingView tool designed to support systematic investments across different market conditions. It provides traders with two customizable investment strategies — **Continuous Buying** and **Declining Buying** — and includes advanced dynamic investment adjustment features for each.
#### Detailed Explanation of Script Features and Originality
1. **Two Investment Strategies**:
- **Continuous Buying**: This strategy performs purchases consistently at each interval, as set by the user, regardless of market price changes. It follows the principle of dollar-cost averaging, allowing users to build an investment position over time.
- **Declining Buying**: Unlike Continuous Buying, this strategy triggers purchases only when the asset's price has declined from the previous interval's closing price. This approach helps users capitalize on lower price points, potentially improving average costs during downward trends.
2. **Dynamic Investment Adjustment**:
- For both strategies, the script includes a **Dynamic Investment Adjustment** feature. If enabled, this feature increases the purchasing amount by 50% if the current price has fallen by a specific user-defined percentage relative to the previous price. This allows users to accumulate a larger position when the asset is declining, which may benefit long-term cost-averaging strategies.
3. **Customizable Time Frames**:
- Users can specify a **start and end date** for investment, allowing them to restrict or backtest strategies within a specific timeframe. This feature is valuable for evaluating strategy performance over specific market cycles or historical periods.
4. **Graphical Indicators and Labels**:
- The script provides graphical labels on the chart that display purchase points. These indicators help users visualize their investment entries based on the strategy selected.
- A summary **performance label** is also displayed, providing real-time updates on the total amount spent, accumulated quantity, average cost, portfolio value, and profit percentage for each strategy.
5. **Language Support**:
- The script includes English and Turkish language options. Users can toggle between these languages, allowing the summary label text and descriptions to be displayed in their preferred language.
6. **Performance Comparison Table**:
- An optional **Performance Comparison Table** is available, offering a side-by-side analysis of net profit, total investment, and profit percentage for both strategies. This comparison table helps users assess which strategy has yielded better returns, providing clarity on each approach's effectiveness under the chosen parameters.
#### How the Script Works and Its Uniqueness
This closed-source script brings together two established investment strategies in a single, dynamic tool. By integrating continuous and declining purchase strategies with advanced settings for dynamic investment adjustment, the script offers a powerful, flexible tool for both passive and active investors. The design of this script provides unique benefits:
- Enables automated, systematic investment tracking, allowing users to build positions gradually.
- Empowers users to leverage declines through dynamic adjustments to optimize average cost over time.
- Presents an easy-to-read performance label and table, enabling an efficient and transparent performance comparison for informed decision-making.
---
### Türkçe Açıklama
**Gelişmiş Özellikli Sistematik Yatırım Takipçisi**
**Gelişmiş Özellikli Sistematik Yatırım Takipçisi** adlı bu TradingView scripti, çeşitli piyasa koşullarında sistematik yatırım stratejilerini desteklemek üzere tasarlanmış bir araçtır. Script, kullanıcıya iki özelleştirilebilir yatırım stratejisi — **Sürekli Alım** ve **Düşen Alım** — ve her strateji için gelişmiş dinamik yatırım ayarlama seçenekleri sunar.
#### Script Özelliklerinin Detaylı Açıklaması ve Özgünlük
1. **İki Yatırım Stratejisi**:
- **Sürekli Alım**: Bu strateji, fiyat değişimlerine bakılmaksızın kullanıcının belirlediği her aralıkta sabit bir miktar yatırım yapar. Bu yaklaşım, uzun vadede pozisyonu kademeli olarak oluşturmak isteyenler için idealdir.
- **Düşen Alım**: Sürekli Alım’ın aksine, bu strateji yalnızca fiyat bir önceki aralığın kapanış fiyatına göre düştüğünde alım yapar. Bu yöntem, yatırımcıların daha düşük fiyatlardan alım yaparak ortalama maliyeti potansiyel olarak iyileştirmelerine yardımcı olur.
2. **Dinamik Yatırım Ayarlaması**:
- Her iki strateji için de **Dinamik Yatırım Ayarlaması** özelliği bulunmaktadır. Bu özellik aktif edildiğinde, mevcut fiyatın bir önceki fiyata göre kullanıcı tarafından belirlenen bir yüzde oranında düşmesi durumunda alım miktarını %50 artırır. Bu durum, uzun vadede maliyet ortalaması stratejilerine katkıda bulunur.
3. **Özelleştirilebilir Tarih Aralığı**:
- Kullanıcılar, yatırımı belirli bir tarih aralığında sınırlandırmak veya test etmek için bir **başlangıç ve bitiş tarihi** belirleyebilir. Bu özellik, strateji performansını geçmiş piyasa döngüleri veya belirli dönemlerde değerlendirmek için kullanışlıdır.
4. **Grafiksel İşaretleyiciler ve Etiketler**:
- Script, grafik üzerinde alım noktalarını gösteren işaretleyiciler sağlar. Bu görsel göstergeler, kullanıcıların seçilen stratejiye göre yatırım girişlerini görselleştirmesine yardımcı olur.
- Ayrıca, her strateji için harcanan toplam tutar, biriken miktar, ortalama maliyet, portföy değeri ve kâr yüzdesi gibi bilgileri gerçek zamanlı olarak gösteren bir **performans etiketi** sunar.
5. **Dil Desteği**:
- Script, İngilizce ve Türkçe dillerini desteklemektedir. Kullanıcılar, performans etiketi metninin ve açıklamalarının tercih ettikleri dilde görüntülenmesi için dil seçimini yapabilir.
6. **Performans Karşılaştırma Tablosu**:
- İsteğe bağlı olarak kullanılabilen bir **Performans Karşılaştırma Tablosu**, her iki strateji için net kâr, toplam yatırım ve kâr yüzdesi gibi bilgileri yan yana analiz eder. Bu tablo, kullanıcıların hangi stratejinin daha yüksek getiri sağladığını değerlendirmesine yardımcı olur.
#### Scriptin Çalışma Prensibi ve Özgünlüğü
Bu script, iki yatırım stratejisini gelişmiş bir araçta birleştirir. Sürekli ve düşen fiyatlara dayalı alım stratejilerini dinamik yatırım ayarlama özelliğiyle entegre ederek yatırımcılar için güçlü ve esnek bir çözüm sunar. Script’in tasarımı aşağıdaki benzersiz faydaları sağlamaktadır:
- Otomatik, sistematik yatırım takibi yaparak kullanıcıların pozisyonlarını kademeli olarak oluşturmalarına olanak tanır.
- Dinamik ayarlama ile düşüşlerden yararlanarak zaman içinde ortalama maliyeti optimize etme olanağı sağlar.
- Her iki stratejinin performansını basit ve anlaşılır bir şekilde karşılaştıran etiket ve tablo ile verimli bir performans değerlendirmesi sunar.
MTFT Reversal Lines, TheStrat Suite (5of5)Multi Time Frame Tools
Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier.
All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized.
Longer TF analysis.
Yearly - Black
Semi-Annual - Yellow
Quarterly - White
Monthly - Maroon
Weekly - Royal Blue
Daily - Lime
Shorter TF analysis.
4 hour - Fuchsia
1 hour - Orange
30 min - Red
15 min - Brown
10 min - Purple
5 min - Lilac
All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu.
Recommended Chart Color Layout
I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors.
-> Click on the settings wheel on your chart. -> Click on “Appearance”.
Background - Solid -> On the top row pick the 6th color from the left.
Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left.
You may of course change these and the indicator line colors as you like.
Adding indicator to Chart
-> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart.
MTFT TheStrat Suite (5 Scripts)
Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master.
1. MTFT Patterns Pro/Noob
2. MTFT Full Time Frame Continuity Table
3. MTFT Last HML wOpen
4. MTFT Actionable Signal Targets
*5. MTFT Reversal Lines
MTFT Reversal Lines, TheStrat Suite (5of5)
This script will plot the line at the point that the reversal was formed for multiple timeframes. Often times price retraces to these points before making more explosive moves in continuation of the reversal direction.
The script has the following features.
Six user selected time frames per script instance can be enabled/disabled. Timeframes include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), Weekly(W), Daily(D), 4 hour, 1 hour, 30 min, 15 min, 10 min, and 5 min. Image below shows the Weekly TF selected, and only the W, Q, M, and W are enabled. I’ve included some comments on basic observations.
2. Auto hide lower timeframe calculations. Auto Hide feature will hide smaller TF calculations when a larger timeframe is selected as the display TF. Example, when the Daily timeframe candlestick selected the 4 hour and smaller calculations are hidden because they produce irrelevant results relative to the selected timeframe. If a lower TF is selected such as the 30 min candlestick, the previously hidden timeframes are now displayed. This allows easier study as you change between displayed timeframes.
This script works best in conjunction with ‘MTFT Last HML Band wOpen’. In the image below I have the W candlestick selected, along with the Q HML Lines, and the Q Reversal Line shown. It shows you a clearer picture of how price moves on a TheStrat continuation CS and after a TheStrat reversal point is made. This lets you break into the fine details of what happened inside Quarter 1, 2022 and after the reversal point was formed.
IMPORTANT NOTE for TradingView admin: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection.
Example using TheStrat Pro MTFT with this indicator.
Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” on a smaller timeframe that has an instance of this indicator on a larger timeframe calculation that is in range of the candlestick that formed your actionable signal. This means that the indicators plot you are observing must be above the low and below the high of the candlestick that is the actionable signal/reversal signal. Image below shows what this would look like with this indicator.
The Image below shows what this would look like with this indicator. The selected candlestick is the 3-day, it shows a 2U-1-potential 2D Reversal pattern and the Quarter Reversal Down line in range. This actionable signal is meant to be played for SHORTS. If the low is breached, you would enter a SHORT position from the low of the inside candlestick. For targets you would look at the previous pivots, for this example all targets were hit. This won’t always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence.
ProfitBee59 ProProfitBee59 Pro for TradingView helps you do tedious works on your technical charts.
*It does CC59 counting and prints out a positive or negative number on each price bar. When the counting arrives at -9 or +9, it creates support and resistance (SNR) levels on the chart.
*It detects a Mom and Baby (MNB) pair of price bars where the left bar has higher high and lower low prices compared to those of the right bar. When a Mom and Baby pair is detected, Mommy head (high price of Mommy bar) and Mommy toe (low price of Mommy bar) levels are drawn on the chart.
*It calculates and plots a volume-weighted-average-price (VWAP) line on the chart with purple color for declining value and white color for rising value.
*It detects and draws a supply trend line of negative slope that links between two local maximum points on the chart.
*It detects and draws a demand trend line of positive slope that links between two local minimum points on the chart.
*It shows arrows and bells based on various configurable conditions on the chart.
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How to install the script:
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*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Remove older version of the script by clicking on the "X" button behind the indicator line at the top left corner of the chart window.
*Open a new chart at and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "ProfitBee59 Pro".
*Right click anywhere on the graph, choose "Color Theme", the select "Dark".
*Right click anywhere on the graph, choose "Settings".
*In "Symbol" tab, set "Precision" to 1/100 for stock price or 1/100000 for Forex and set "Time Zone" to your local time.
*In "Scales" tab, check "Symbol Name Label" and "Indicator Last Value Label".
*In "Events" tab, check "Show Dividends on Chart", "Show Splits on Chart" and "Show Earnings on Chart".
*At the bottom of settings window, click on "Template", "Save As...", then name this theme of graph setting for future call up such as "Stock pb59pro" or "Forex pb59pro" or "Crypto pb59pro".
*Click OK.
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ProfitBee59 Pro for TradingView (pb59pro) is locked and protected.
Please ***do not*** ask for access in the comment section.
Use the link below to obtain access to this indicator.
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PriceCatch Opensource CPRHi Friends & TradingView community.
Greetings to you.
Some traders like to use Central Pivot Range (CPR) in their chart for assessing price movement. It is usually used in combination with Pivot Levels.
Calculating CPR is a simple matter. There a few CPR scripts in the Public Library, but have the code hidden. I thought there may many users who may want to know how CPR is calculated and study it for use in their own scripts. So, here is the CPR script with the code. Use it as you please.
Note: CPR is plotted only on intra-day time-frames.
The light magenta (band) range is current day CPR.
The light blue (band) range is tomorrow's CPR projected for you today itself based on current day's price action and range.
Queries / feedback welcome.
All the best.
PS: The script is developed to the best of my ability and as with all indicators, you have to decide if it might be useful to you when adding to your chart.
