MTFT Full Time Frame Continuity Table TheStrat Suite(2of5)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 Full Time Frame Continuity Table, TheStrat Suite (2of5)
Full timeframe continuity observes what direction different timeframes are pointed at, red or green. This gives you a bias when evaluating a trade. Image below shows 3 instances of the script to outline the max capacity of the script.
Features includes:
1. Four user selected TFs, with 20 different TF to pick from per script instance. 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. The first row on the table cell will show the text for the selected timeframe.
2. Color text Green/Red timeframe based on candlestick status for the selected timeframe. Entire Table Cell text will be colored in this color. These can be customized to user preference.
3. Absolute Truth for most recently closed candlestick, plus the active candlestick. This will be displayed in the second row of the table cell. The value inside the brackets ‘ ’ is used for the previous closed candlestick. The value outside the brackets is for the active candlestick.
4. Label pattern if it’s “in force” or not. This only applies for the active candlestick absolute truth value. Note, ‘i’ means the absolute truth is in force. ‘x’ means the absolute truth is not in force.
5. Actionable Signal indication at bottom. If there is an inside candlestick, a hammer or a shooter, the script will display , , and respectively at the bottom on the third row.
6. Auto-hide Lower Timeframes. When the table cell value is smaller than the selected timeframe this timeframe will be hidden. This is done because their will be errors in calculations.
7. Customizable Table Cell Width for use in the different platforms, desktop/mobile. For desktop I use the setting.
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” along with this indicator showing several other larger timeframes Red/Green depending on the direction of the actionable signal.
The Image below shows what this would look like with this indicator. The selected candlestick is the Week, it shows a confirmed closed Shooting Star Actionable signal and below the table shows that the Current Week(W), Month(M), Quarter(Q), and Year(Y) are all Red. This actionable signal would 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.
ค้นหาในสคริปต์สำหรับ "the script"
Time Machine█ OVERVIEW
This script is designed to display future and current time resistance levels based on multiple techniques such as candle behaviors and count and some significant financial times according to Gann and more.
Each chart consists of an X-Axis ( time ) and a Y-Axis ( price ). Price can travel up and down giving you both support and resistance levels, on the other hand, time only travels forward which is why they are called time resistance levels.
Time resistance happens at multiple significant places. Have you noticed that when a triangle breaks north or south that the tip of the triangle acts as time resistance level where something happens ? Many patterns and techniques are designed
to detect and these levels through patters, candle behavior and more. This script aims to assist in detecting these levels ahead of time or at candle opens . This is a very important point. A signal of time resistance can be displayed at candle open
or ahead of time. both of these cases mean that the time resistance is confirmed. These resistance levels are rated on a scale from 0 to 3 and this scale could change and more filtering could be applied in the future to make this script
even more powerful. I would say this is a functional beta version ( v0.5 ) that could be improved upon and that's what I intend to do. scroll down to see if there are any other upgrades to this script. Each time frame has its own time resistance levels. Future levels could appear at any point;
for example, if there are no future time resistance levels within the next 6 days -lets say,- this does not mean that one doesn't appear tomorrow. A regular check would give you an edge in this script. Of course this is something that can be improved in the near future. This script does not reprint ( confirmed data does not change ) but more future data can be added no previous data.
Enjoy!
█ Future Plans and upgrades to this script may include :
1. Adding more astro influencers into the script.
2. Fine tuning the script a bit more to filter unwanted noise.
3. Adding toggle switches for users to select from. ( toggle between multiple techniques )
and more! feel free to let me know what you'd like to see!
█ How to use :
1. Put the script on your chart
give the script a few seconds and you should be set.
This script is coded as an addon to the Gann ToolBox package/scripts.
CAGR Custom Range█ OVERVIEW
This script calculates an annualized Compound Annual Growth Rate from two points in time which you can select on the chart. It previews an upcoming feature where Pine scripts will be able to provide users with interactive inputs for time and price values.
👉🏼 We are looking for feedback on our first take of this feature.
Please comment in this publication's "Comments" section if you have suggestions for improvement.
█ HOW TO USE IT
When you first load this script on a chart, you will enter the new interactive selection mode. At that point, the script is waiting for you to pick two points in time on your chart by clicking on the chart. Once you select the two points, the script will find the close value for each of the two selected bars, and calculate the CAGR value from them. It will then display a line between the two points, and the CAGR value above or below the last point in time.
If the CAGR value is positive, the line and label will display in their "up" color (see the "🠅" color in the script's "Settings/Inputs" tab), otherwise they appear in their "down" color (the "🠇" color in the inputs). You can also control the line's width from the inputs.
You have the option of comparing the chart's CAGR value with that of another symbol, which you specify in the "Compare to" input. When a comparison is made, the label's background color will be dependent on the result of the comparison. The line's color will still be determined by the chart's value.
Once time points have been selected on the chart and the script is displaying the line, you can change the time points by clicking on the script's name on the chart. A small, blue rectangular handle will then appear for each point, which you can then grab and move. If you reset the inputs using the "Defaults/Reset Settings" button in the script's inputs, the two time points will reset to the beginning of September and October 2021, respectively.
█ CONCEPTS
The CAGR is a notional, annualized growth rate that assumes all profits are reinvested. It calculates from the close value of the two end points. It does not account for drawdowns, so it does not calculate risk. It can be used as a yardstick to compare the performance of two instruments. Because it annualizes values, the function requires a minimum of one day between the two end points (annualizing returns over smaller periods of times doesn't produce very meaningful figures).
█ LIMITATIONS
• The two selected points must be distant from a minimum of one day. A runtime error will occur otherwise.
• There is currently no way to restart the interactive mode from scratch without re-adding the script to the chart.
• The points in time you select on one chart may map quite differently on other charts,
depending on their constituent bars (e.g., intraday charts for 24x7 and conventional markets).
█ FOR PINE CODERS
• Our script uses the most recent version of Pine, as the `//@version=5` compiler directive indicates.
• Interactive inputs were a long-standing and highly-requested feature by our beloved community of Pine coders.
We hope you find this first step promising, as it opens up entirely new possibilities for both Pine coders and script users.
You can, for example, use interactive inputs to draw shapes with your scripts, or support and resistance levels, etc.
We're sure you'll come up with more creative uses of the feature than we could ever dream up )
• Interactive inputs are implemented for input.time() and input.price() , the specialized input functions now available in v5.
See the User Manual's new page on inputs for more information about them.
You can also create one interactive input for both time and price values
by using the same `inline` argument in a pair of input.time() and input.price() function calls.
• Our min/max filtering when initializing `entryTime` and `exitTime` will handle cases where
the script user inverts the two points on the chart.
• The script uses the new runtime.error() function to throw an error in the `if days < 1` conditional structure.
• We use the `cagr()` function from our recently-published ta Pine library .
Pine libraries — not to be confused with the Public Library showcasing scripts published by our community of Pine coders —
are one of the new features available with the recent Pine v5.
• Note that our `strRightOf()` function cannot be used to generate ticker identifier strings for use in `request.*()` functions.
This is because it produces results of "series" form while the functions require
arguments of "simple" form for their `symbol` or `ticker` parameters.
Have a look at our new User Manual page on Pine's Type system if you need to brush up on Pine forms and types.
• We use a simple, repainting request.security() call because our calculations are not used to generate orders or alerts.
• We document our user-defined functions using the same compiler directives used in exported functions in libraries.
It will make conversion of those functions to library format easier if we ever choose to do so.
• We use two Unicode hair spaces (U+200A) to push the "%" sign slightly away from values in our str.format() calls.
While the impact is minimal, it increases readability.
• Note the `priceIsHigh` logic used to determine if we place the label above or below bars.
When price is higher than recent prices, we place the label above the bar, otherwise we place it below.
It's not foolproof but it provides optimal positioning most of the time.
• The point of the complicated "bool" expression initializing `displayCAGR` is to ensure that we only draw the line and labels once.
When no comparison with another symbol is made, this occurs the first time we encounter a non- na value from the `cagr()` function.
When a comparison is required, it occurs the first time both values are not na .
• Before all mentions of "CAGR" in our description, we use a Unicode zero-width space (U+200B)
to prevent the auto-linking feature to kick in for the term.
This prevents the dashed underscore and a link like this (CAGR) from appearing every time "CAGR" is mentioned.
• With Pine v5, the `study()` declaration statement was renamed to indicator() .
Accordingly, we will be eliminating the use of the "study" term from documentation and the UI.
The generic "script" term will continue to designate Pine code that can be an indicator, a strategy or a library, when applicable.
• We followed our new Style guide recommendations to write our script.
• We used the techniques explained in the How We Write and Format Script Descriptions publication by PineCoders.
• That's it! We've covered all the new features and tricks we used. We sincerely hope you enjoy the new interactive inputs,
and please remember to comment here if you have suggestions for improvement. 💙
Look first. Then leap.
[blackcat] L1 Blackcat Customized CCI IndicatorLevel: 1
Background
This CCI indicator is blackcat customized version with enhanced features.
Function
This CCI use green line to indicate strong long trend with cci values > 0 and red line to indicate weak long trend with cci values <0. It also use yellow and fuchsia candles to present the strong and weak long trend. A green candle is used to indicate long entry, while a red candle is usded to indicate long flatten signal.
Key Signal
green line --> strong long trend
red line --> weak long trend
blue line --> trend strength indicator
SELL label --> flatten long or short entry
BUY label --> long entry
TOPDIV label --> top divergence indicator
BOTDIV label --> bottom divergence indicator
Remarks
Feedbacks are appreciated.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 Swing Reversal IndicatorLevel: 1
Background
Many asked me about swing reversal indicators. There are many but less of them can guarantee high win rate. Because market is complex, the reversals can be nested together, which means sub level reversals will be contained in higher level waves. This can be well explained by Elloit wave theory.
Function
Here it is a simple moving average based swing reversal indicator as an example for many others to improve it. Although it simple, it could be very powerful to dedicated trading pairs in specific time frame. One can adjust N1~N4 as SMA peiords from short to long to customized this indicator or even by trying different moving average types to enhance its accuracy.
Key Signal
N1~N4 --> SMA look back periods
OB --> Overbought Threshold
OS --> Oversold Threshold
Pros and Cons
Simpe but powerful. More feedbacks are appreciated.
Remarks
Easy to be customized or integrated to your trading system.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 Digitized KDJLevel: 1
Background
This is a simple model for digitized KDJ
Function
Lime for bull and Red for bear with digitized candles.
Key Signal
lime candle --> bull
red candle --> bear
blue candle --> watch
yellow candle --> long entry
fuchsia candle --> overbought
Remarks
Feedbacks are appreciated.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 MACD with Overbought and Oversold DetectionLevel: 1
Background
This MACD is designed with unique oversold and overbought detections, which you may not sell or buy immedidately. You may need to watch the trend movements and decide to buy or sell on current or next goldcross and deadcross respectively.
Function
Add oversold and overbought detections for MACD to locate proper entry point.
Key Signal
diff--> MACD fast line
dea --> MACD slow line
macdhisto --> MACD histogram
overbought --> overbought signal
oversold --> oversold signal
Pros and Cons
It assits you to locate a rough zone for overbought and oversold in classic MACD indicator. Classic MACD indicator does not have this function.
Remarks
Since we cannot look into the future, so it does not inform you on exact entries but alerts of current or next cross may be a good opportunity.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Dual KDJ IndicatorLevel: 2
Background
I am wondering how it works with short-term and middle-term KDJ indicators put together to emulate MTF.
Function
Use a fast and a slow KDJ to combine signal together to judge trend
Key Signal
oversold --> oversold signal for long
reentry --> re-entry signal for long
addmore --> buy more signal for long
sellready --> overbought signal for short
Pros and Cons
Although it can filter out some noise, dual KDJ still have saturation issue. It may not so reliable when there are extreme market movements as similar to signle KDJ indicators.
Remarks
It improves KDJ to some extent, but it does not satisfy me yet. Keep improving.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 GMMA Long EntryLevel: 1
Background
The Guppy Multiple Moving Average (GMMA) is a technical indicator that identifies changing trends, breakouts, and trading opportunities in the price of an asset by combining two sets of moving averages (MA) with different time periods. There is a short term group of MAs and a long term group of MAs.
Function
L1 GMMA Long Entry classify short-mid term GMMA cluster and long term GMMA cluster with key Fibnocci numbers. Long entry signal is generated with GMMA cluster relationship.
Key Signal
Long entry 1~6 ---> Long entry signal generated with GMMA cluster relationship.
Pros and Cons
Pros:
1. easy observe price trend
2. it covers short, middle and long term trend analysis
Cons:
1. Only long entry signal is disclosed here
2. No complex trading strategy is used yet
Remarks
NA
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 Banker Entry IndicatorLevel: 1
Background
@testtttt1111 inquired me how to model banker entry
Function
L1 Banker Entry Indicator demostrates a simple model of banker entry for long or short
Key Signal
bankerthreshold ---> customized input for threshold value for banker move identification
pumpdumpsoon ---> alerts for pump or dump start soon in green color
longshortentry ---> alerts for long or short entry in orange color
bankermove ---> alerts for banker move in yellow color
Pros and Cons
Pros:
1. indicating banker move and entries
2. simple classification of banker move alerts
Cons:
1. no direction can be identified
2. no volume information is utilized for big fund move
Remarks
A demo for banker entry inquired by @testtttt1111
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 Another Improved MACD IndicatorLevel: 1
Background
The MACD is a superior derivative of moving average crossovers and was developed by Gerald Appel in 1979 as a market timing tool. MACD uses two exponential moving averages with different bar periods, which are then subtracted to form what Mr. Appel calls the Fast Line. A 9-period moving average of the fast line creates the slow line.
Function
L1 Another Improved MACD Indicator improves MACD histogram by customized an algorithm and add three levels of long entry alerts derived from ema ().
Key Signal
diff --> classic MACD diff fast line in white
dea --> classic MACD dea slow line in yellow
macd --> classic difference histogram,but I did not use it directly in the plot.
macd1 --> ema3 of macd
Pros and Cons
Pros:
1. more clear sub level trend change with new histograms
Cons:
1. need sophisticated knowledge of MACD to use this well
2. this still requires a lot of MACD experience to obtain reliable trading signals
Remarks
Another improved MACD on histogram
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Swing Trading IndicatorLevel: 2
Background
Swing trading is a type of trading aimed at making short to medium term profits from a trading pair over a period of a few days to several weeks. Swing traders mainly use technical analysis to look for trading opportunities. In addition to analyzing price trends and patterns, these traders can also use fundamental analysis.
Function
L2 Swing Trading Indicator
Key Signal
trend --> trend line with color candles standing for trend strength
pump --> whale pump indicator
top --> top zone for selling point
bbuy --> botton zone for buying point
varr1 ---> for selling points
bullbear --> use 50 as bull bear boundary
Pros and Cons
Pros:
1. Clear to see the trend reversals with strength changes
2. Whale pump indicator confirm the validity of trend reversals
Cons:
1. oversold zone is hidden due to using zero line as bottom
Remarks
NA
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 Elliott Wave3 CatcherLevel: 1
Background
Elliott wave theory is a method of technical analysis that looks for recurring long-term price patterns that are related to persistent changes in investor sentiment and psychology. The theory identifies waves that are identified as impulse waves that form a pattern and corrective waves that counteract the larger trend.
Function
L1 Elliott Wave3 Catcher is trying to observe Elliott wave more clear with different color candles.
Key Signal
var7 --> bull reveral signal which exists along motive wave
var7-var9 --> long in green color; short in red color; retracement in fuchsia color
var26/27/28 --> they are used for wave swing low detection and long entry
Pros and Cons
Pros:
1. Exhibit Elliott waves in different color candles
2. Highlight motive wave with yellow candles
3. Detect bottom and long entry points
Cons:
1. No complete long and short entries can be obtained
2. It cannot be applied for crypto due to lack of financial() functions
Remarks
Tribute to Elliott
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 Composite RSI Trend OscillatorLevel: 1
Background
The Relative Strength Index (RSI) is a technical indicator for analyzing financial markets. It is intended to represent the current and historical strength or weakness of a trading pair or a market based on the closing prices of a last trading period.
Function
L1 Composite RSI Trend Oscillator utilizes candles to indicate trend. E.g. yellow candles for bull and fuchsia candles for bear. NOTE: it is inverted to RSI from bull bear perspective. Colorful RSI with yellow indicating bull and fuchsia indicating bear.
Key Signal
lwr1 --> trend oscillator fast line (lwr1 >= lwr2 for bear)
lwr2 --> trend oscillator slow line (lwr1 < lwr2 for bull)
botzone --> bottom zone indicates oversold with green
topzone --> top zone indicates overbought with red
longentry --> long entry signal
shortentry --> short entry signal
Pros and Cons
Pros:
1. combines both the benefit of RSI response and trend oscillator candles
2. divergence can be observed easily
Cons:
1. It may satruate for extreme conditions of long and short.
2. Not accurate for long and short entries and need filtering out noise and fake signal.
Remarks
NA
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
L1 Trend Reversal IndicatorLevel: 1
Background
A trend reversal occurs when the direction of a stock (or a financial trading instrument) changes and moves back in the opposite direction. Uptrends that reverse into downtrends and downtrends that reverse into uptrends are examples of trend reversals.
Function
L1 Trend Reversal Indicator is simple but powerful. It can be used as a basic element for many complex trading system. Although L1 Trend Reversal Indicator can't hold a candle to moving averages in indicating trend reversals, it's good at showing the strength of a trend and trend cycles.
Key Signal
My favoriate trend reversal indicator with histograms
Pros and Cons
Pros:
1. Simple but clear to see the trend reversals
2. Use histogram to indicate sub-time-frame trend changes
Cons:
1. No advanced trading skill is incorporated
2. Need improvements on sideways.
Remarks
Just be simple but powerful
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
L1 On Balance Volume IndicatorLevel: 1
Background
On Balance Volume (OBV) is a simple indicator that uses volume and price to measure buying and selling pressure. The buying pressure is evident when the positive volume exceeds the negative volume and the OBV line rises.
Function
L1 On Balance Volume Indicator is a simple but improved OBV by using alma and more input parameters
Key Signal
OBV and its ALMA
Pros and Cons
Pros:
1. More freedom to tune with more input parameters
2. ALMA can make better tradeoff between response and smooth
Cons:
1. No details of volume generation can be disclosed
2. It may help to judge trend but not the short-term price movements.
Remarks
NA
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
WWV_LB pivotfix histogram jayy
This is a modification of LazyBear's WWV_LB which plots cumulative volume of waves. The reversal points are defined through relative closing prices. I made adjustments to the script to show waves turning on actual/true low or high pivots as opposed to the bar/candle identified in the LazyBear script. What I mean by that is that the actual/true low or high pivots are in fact the true WWV_LB pivots. The original WWV_LB script calculates cumulative volume from reversal confirmation bar to reversal confirmation bar as opposed to the true WWV_LB pivot bar to pivot bar. As such the waves can have slightly different start and end points. As such the cumulative volume can also be different from te WWV_LB script. This is because confirmation of a wave reversal can lag a few bars after the true reversal pivot bar. In the script notes, you will see the original key WWV_LB script lines that identify the true high or low pivots and confirm the wave direction has reversed. I have taken these lines from LazyBear's original script. I have included the LazyBear script within the script notes so that the original can be compared to what I have added/changed. Instead of "trendDetectionLength" I have inserted "Trend Detection Length". You can of course change the descriptor to what you wish by editing script line 33 to the original term or whatever you wish. You might also wish to set the default to the value "2" as per the original script. I have set the default to "3". This script should be used in conjunction with "WWV-LB zigzag pivot fix jayy" script which is shown on this screen for comparison.
Here is a link to the original LazyBear histogram script which can be used for comparison. The differences are subtle, however, the histograms will regularly be different by a bar or two:
The lowest panel has the original LazyBear WWV_LB script for comparison. All three scripts have been set to a Trend Detection Length of 3.jayy
EasyBee59 v1.0EasyBee59 v1.0 for TradingView does tedious CC59 counting for you automatically in your investment chart. It then creates respectable support and resistance levels based on CC59 counting results as well as marks and reminds you about important parameters that are happening so that you would not forget to consider them before placing trade orders. The events occur in the chart can be set to send server-side alerts to your smart phone so that you don't have to stay in front of the screen all the time.
=================================================================================================
The source code of EasyBee59 v1.0 for TradingView is protected. Only invited TradingView members can access and use this script.
Lifetime invitation to use it is for 100 USD with free future upgrades and online supports. Paypal, bank transfer and bitcoin payments are welcome.
For more informaton please contact the author (DrGraph or Nimit Chomnawang, PhD) via TradingView private chat
or in the comment field below.
=================================================================================================
How to install the script:
------------------------------
*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Remove older version of the script by clicking on the "X" button behind the indicator line at the top left corner of the chart window.
*Open a new chart at and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "EasyBee59 v1.0".
*Right click anywhere on the graph, choose "Color Theme", the select "Dark".
*Right click anywhere on the graph, choose "Settings".
*In "Symbol" tab, set "Precesion" to 1/100 for stock price or 1/100000 for forex and set "Time Zone" to your local time.
*In "Status line" tab, uncheck "Indicator Arguments" and "Indicator Values".
*In "Events" tab, check "Show Dividends on Chart", "Show Splits on Chart" and "Show Earnings on Chart".
*At the bottom of settings window, click on "Template", "Save As...", then name this theme of graph setting for future call up such as "DrGraph chart setting".
*Click OK.
For free TradingView plan, you can add two more indicators to the chart. That means you may add Stoch and Vol indicators with same parameters as those setup in EasyBee59 to your graph. DrGraph regularly publishes his educational ideas on using features provided in EasyBee59 for profitable investments. You can follow him for how to use the tools in trading stocks, forex, and crypto currencies.
Multi-Timeframe VWMA (Nika Trade)This script, named "Multi-Timeframe VWMA (Nika Logic)," is a clean and powerful visualization tool designed to display several Volume-Weighted Moving Averages (VWMAs) from different timeframes directly onto your main chart.
Its purpose is to provide the trader with a clear view of key dynamic levels of support and resistance, based on market activity (volume) from higher time scales.
Key Features and Logic
VWMA (Volume-Weighted Moving Average)
Unlike a standard moving average (SMA/EMA), the VWMA gives more weight to price bars with higher volume. This makes it extremely useful because it reflects the levels where the most significant trading activity has occurred. In practice, it shows you the "fair" price, weighted by volume.
Multi-Timeframe Analysis 📈
This is the core strength of the script. It allows you to plot up to five VWMA lines from entirely different timeframes (by default: 1-hour, 4-hour, 6-hour, 12-hour, and 1-day) onto your current chart (e.g., a 5-minute or 15-minute chart).
This provides invaluable market context. You can see where the important support/resistance levels from the daily chart are while analyzing intraday price action.
Data Reliability (No Repainting) ✅
The script is intelligently designed to be reliable. It uses the f_vwma(...) construction, which means it always retrieves the VWMA value from the previous, fully closed candle of the higher timeframe.
This is extremely important because it ensures that the lines do not repaint (they do not change their historical values). The signals you see are stable and based on confirmed information.
Clean Visualization
The lines are drawn as stepped, horizontal levels. The value of each line only changes when its corresponding higher timeframe closes a new candle. For example, the VWMA line from the 4-hour chart will update once every four hours.
At the end of each line, there is a clear label (e.g., "1H," "4H," "1D") that helps you easily identify which level corresponds to which timeframe.
How to Use It in Trading?
As Dynamic Support and Resistance Levels: This is its primary application. When the price approaches a VWMA line from a higher timeframe (e.g., 4-hour or daily), it is very likely to react to that level—either by bouncing off it or by breaking through it with significant momentum.
For Trend Confirmation: If the price remains consistently above most of the VWMA lines, it is a strong bullish signal. Conversely, if it is below them, the market is in a bearish trend. The alignment of the lines themselves (for example, when faster VWMAs are above slower ones) can also confirm the strength of the trend.
For Finding Confluence: Areas where several VWMA lines from different timeframes converge in a narrow zone represent extremely strong levels of support or resistance.
Conclusion
This is an excellent and professionally written indicator. It is extremely useful for traders who want to add the context of higher timeframes to their analysis without constantly having to switch between different charts. Its reliability (the lack of repainting) makes it a trustworthy tool for making trading decisions.
t.me
t.me
t.me
Ensemble Alerts█ OVERVIEW
This indicator creates highly customizable alert conditions and messages by combining several technical conditions into groups , which users can specify directly from the "Settings/Inputs" tab. It offers a flexible framework for building and testing complex alert conditions without requiring code modifications for each adjustment.
█ CONCEPTS
Ensemble analysis
Ensemble analysis is a form of data analysis that combines several "weaker" models to produce a potentially more robust model. In a trading context, one of the most prevalent forms of ensemble analysis is the aggregation (grouping) of several indicators to derive market insights and reinforce trading decisions. With this analysis, traders typically inspect multiple indicators, signaling trade actions when specific conditions or groups of conditions align.
Simplifying ensemble creation
Combining indicators into one or more ensembles can be challenging, especially for users without programming knowledge. It usually involves writing custom scripts to aggregate the indicators and trigger trading alerts based on the confluence of specific conditions. Making such scripts customizable via inputs poses an additional challenge, as it often involves complicated input menus and conditional logic.
This indicator addresses these challenges by providing a simple, flexible input menu where users can easily define alert criteria by listing groups of conditions from various technical indicators in simple text boxes . With this script, you can create complex alert conditions intuitively from the "Settings/Inputs" tab without ever writing or modifying a single line of code. This framework makes advanced alert setups more accessible to non-coders. Additionally, it can help Pine programmers save time and effort when testing various condition combinations.
█ FEATURES
Configurable alert direction
The "Direction" dropdown at the top of the "Settings/Inputs" tab specifies the allowed direction for the alert conditions. There are four possible options:
• Up only : The indicator only evaluates upward conditions.
• Down only : The indicator only evaluates downward conditions.
• Up and down (default): The indicator evaluates upward and downward conditions, creating alert triggers for both.
• Alternating : The indicator prevents alert triggers for consecutive conditions in the same direction. An upward condition must be the first occurrence after a downward condition to trigger an alert, and vice versa for downward conditions.
Flexible condition groups
This script features six text inputs where users can define distinct condition groups (ensembles) for their alerts. An alert trigger occurs if all the conditions in at least one group occur.
Each input accepts a comma-separated list of numbers with optional spaces (e.g., "1, 4, 8"). Each listed number, from 1 to 35, corresponds to a specific individual condition. Below are the conditions that the numbers represent:
1 — RSI above/below threshold
2 — RSI below/above threshold
3 — Stoch above/below threshold
4 — Stoch below/above threshold
5 — Stoch K over/under D
6 — Stoch K under/over D
7 — AO above/below threshold
8 — AO below/above threshold
9 — AO rising/falling
10 — AO falling/rising
11 — Supertrend up/down
12 — Supertrend down/up
13 — Close above/below MA
14 — Close below/above MA
15 — Close above/below open
16 — Close below/above open
17 — Close increase/decrease
18 — Close decrease/increase
19 — Close near Donchian top/bottom (Close > (Mid + HH) / 2)
20 — Close near Donchian bottom/top (Close < (Mid + LL) / 2)
21 — New Donchian high/low
22 — New Donchian low/high
23 — Rising volume
24 — Falling volume
25 — Volume above average (Volume > SMA(Volume, 20))
26 — Volume below average (Volume < SMA(Volume, 20))
27 — High body to range ratio (Abs(Close - Open) / (High - Low) > 0.5)
28 — Low body to range ratio (Abs(Close - Open) / (High - Low) < 0.5)
29 — High relative volatility (ATR(7) > ATR(40))
30 — Low relative volatility (ATR(7) < ATR(40))
31 — External condition 1
32 — External condition 2
33 — External condition 3
34 — External condition 4
35 — External condition 5
These constituent conditions fall into three distinct categories:
• Directional pairs : The numbers 1-22 correspond to pairs of opposing upward and downward conditions. For example, if one of the inputs includes "1" in the comma-separated list, that group uses the "RSI above/below threshold" condition pair. In this case, the RSI must be above a high threshold for the group to trigger an upward alert, and the RSI must be below a defined low threshold to trigger a downward alert.
• Non-directional filters : The numbers 23-30 correspond to conditions that do not represent directional information. These conditions act as filters for both upward and downward alerts. Traders often use non-directional conditions to refine trending or mean reversion signals. For instance, if one of the input lists includes "30", that group uses the "Low relative volatility" condition. The group can trigger an upward or downward alert only if the 7-period Average True Range (ATR) is below the 40-period ATR.
• External conditions : The numbers 31-35 correspond to external conditions based on the plots from other indicators on the chart. To set these conditions, use the source inputs in the "External conditions" section near the bottom of the "Settings/Inputs" tab. The external value can represent an upward, downward, or non-directional condition based on the following logic:
▫ Any value above 0 represents an upward condition.
▫ Any value below 0 represents a downward condition.
▫ If the checkbox next to the source input is selected, the condition becomes non-directional . Any group that uses the condition can trigger upward or downward alerts only if the source value is not 0.
To learn more about using plotted values from other indicators, see this article in our Help Center and the Source input section of our Pine Script™ User Manual.
Group markers
Each comma-separated list represents a distinct group , where all the listed conditions must occur to trigger an alert. This script assigns preset markers (names) to each condition group to make the active ensembles easily identifiable in the generated alert messages and labels. The markers assigned to each group use the format "M", where "M" is short for "Marker" and "x" is the group number. The titles of the inputs at the top of the "Settings/Inputs" tab show these markers for convenience.
For upward conditions, the labels and alert messages show group markers with upward triangles (e.g., "M1▲"). For downward conditions, they show markers with downward triangles (e.g., "M1▼").
NOTE: By default, this script populates the "M1" field with a pre-configured list for a mean reversion group ("2,18,24,28"). The other fields are empty. If any "M*" input does not contain a value, the indicator ignores it in the alert calculations.
Custom alert messages
By default, the indicator's alert message text contains the activated markers and their direction as a comma-separated list. Users can override this message for upward or downward alerts with the two text fields at the bottom of the "Settings/Inputs" tab. When the fields are not empty , the alerts use that text instead of the default marker list.
NOTE: This script generates alert triggers, not the alerts themselves. To set up an alert based on this script's conditions, open the "Create Alert" dialog box, then select the "Ensemble Alerts" and "Any alert() function call" options in the "Condition" tabs. See the Alerts FAQ in our Pine Script™ User Manual for more information.
Condition visualization
This script offers organized visualizations of its conditions, allowing users to inspect the behaviors of each condition alongside the specified groups. The key visual features include:
1) Conditional plots
• The indicator plots the history of each individual condition, excluding the external conditions, as circles at different levels. Opposite conditions appear at positive and negative levels with the same absolute value. The plots for each condition show values only on the bars where they occur.
• Each condition's plot is color-coded based on its type. Aqua and orange plots represent opposing directional conditions, and purple plots represent non-directional conditions. The titles of the plots also contain the condition numbers to which they apply.
• The plots in the separate pane can be turned on or off with the "Show plots in pane" checkbox near the top of the "Settings/Inputs" tab. This input only toggles the color-coded circles, which reduces the graphical load. If you deactivate these visuals, you can still inspect each condition from the script's status line and the Data Window.
• As a bonus, the indicator includes "Up alert" and "Down alert" plots in the Data Window, representing the combined upward and downward ensemble alert conditions. These plots are also usable in additional indicator-on-indicator calculations.
2) Dynamic labels
• The indicator draws a label on the main chart pane displaying the activated group markers (e.g., "M1▲") each time an alert condition occurs.
• The labels for upward alerts appear below chart bars. The labels for downward alerts appear above the bars.
NOTE: This indicator can display up to 500 labels because that is the maximum allowed for a single Pine script.
3) Background highlighting
• The indicator can highlight the main chart's background on bars where upward or downward condition groups activate. Use the "Highlight background" inputs in the "Settings/Inputs" tab to enable these highlights and customize their colors.
• Unlike the dynamic labels, these background highlights are available for all chart bars, irrespective of the number of condition occurrences.
█ NOTES
• This script uses Pine Script™ v6, the latest version of TradingView's programming language. See the Release notes and Migration guide to learn what's new in v6 and how to convert your scripts to this version.
• This script imports our new Alerts library, which features functions that provide high-level simplicity for working with complex compound conditions and alerts. We used the library's `compoundAlertMessage()` function in this indicator. It evaluates items from "bool" arrays in groups specified by an array of strings containing comma-separated index lists , returning a tuple of "string" values containing the marker of each activated group.
• The script imports the latest version of the ta library to calculate several technical indicators not included in the built-in `ta.*` namespace, including Double Exponential Moving Average (DEMA), Triple Exponential Moving Average (TEMA), Fractal Adaptive Moving Average (FRAMA), Tilson T3, Awesome Oscillator (AO), Full Stochastic (%K and %D), SuperTrend, and Donchian Channels.
• The script uses the `force_overlay` parameter in the label.new() and bgcolor() calls to display the drawings and background colors in the main chart pane.
• The plots and hlines use the available `display.*` constants to determine whether the visuals appear in the separate pane.
Look first. Then leap.
Magic Touch Line DetectorSummary of the Magic Touch Line Detector Script:
Purpose:
The Magic Touch Line Detector script is designed to identify significant price points in the market by analyzing candlestick wicks and bodies. It plots lines based on the detected wicks, classifying them as either ascending or descending. The script tracks how frequently price touches these lines and highlights the "most touched" lines for both ascending and descending categories. This script is particularly useful for traders looking to identify key price levels and trends over time.
How It Works:
Wick and Body Detection:
The script starts by analyzing the highs and lows of candlestick wicks relative to their bodies over a user-defined lookback period. A significant wick is identified based on a specified wick-to-body ratio and a deviation threshold measured against the Average True Range (ATR).
Line Creation:
Once a significant upper or lower wick is detected, the script calculates unconventional highs and lows (i.e., points that differ from the absolute highs and lows of the lookback period). Lines are then drawn from these unconventional price points using the slope between the detected wick and the current bar, ensuring a smooth extension.
Line Refinement and Touch Tracking:
As new bars are added, the script tracks how often the price touches the previously drawn lines. The number of touches each line receives is counted and updated in real-time, and the script ensures that only the most touched line is highlighted.
Highlighting and Labeling:
For each category (ascending and descending), the most touched line is identified and given special highlighting with thicker lines and different colors. Labels are also generated to show the number of touches that the most touched line has received. Old labels are cleared to avoid clutter.
Explanation of the Settings:
Lookback Period for Highs and Lows:
This sets the number of bars the script will use to detect the highest highs and lowest lows. A larger lookback period gives the script a broader context to work with, potentially identifying more significant price points.
Minimum Wick-to-Body Ratio:
This ratio determines what qualifies as a "significant" wick. It compares the length of the wick to the body of the candle. A higher ratio means that only wicks that are much longer than the candle body will be considered significant.
Price Deviation Threshold (in ATR multiples):
This setting controls how much price deviation from the ATR is required for a wick to be deemed significant. It acts as a filter to reduce noise by ignoring smaller wicks that are within normal price movements.
Line Touch Tolerance Factor (ATR multiple):
When checking if a price touches a line, the script uses this setting to define how close the price must be to the line to count as a "touch." This tolerance is a multiplier of the ATR, allowing for some flexibility in what is considered a touch.
Price Difference Threshold:
This defines the minimum price difference required to plot a line. If the price difference between the high and low of a detected wick is too small, the script can avoid plotting a line for insignificant moves.
Slope Adjustment Multiplier:
This multiplier adjusts the slope of the lines that are drawn from detected price points. It affects the length and angle of the lines, allowing users to control how far and at what angle the lines should extend across the chart.
Customization Options:
Show Ascending/Descending Lines:
These toggles allow users to decide whether ascending (bullish) or descending (bearish) lines should be shown on the chart.
Line Color, Style, and Width (for Ascending and Descending Lines):
These settings give users control over how the lines appear visually. You can customize the color, style (solid, dashed, dotted), and width of both ascending and descending lines.
Most Touched Line Color:
Users can define a different color for the "most touched" line, which is automatically identified by the script. This setting helps highlight the line that has been interacted with the most by the price.
How to Use the Script:
Setup the Lookback Period and Deviation Filters:
Start by setting the lookback period and the filters for wick-to-body ratio and deviation threshold. These settings help control the script's sensitivity to market movements.
Refine the Tolerance and Slope:
Adjust the line touch tolerance and slope adjustment multiplier to control how closely the script tracks price touches and how the lines are extended on the chart.
Customize Visuals:
Once the lines are being drawn, customize the colors, styles, and widths to ensure the lines are easy to read on your chart. You can also decide if you want to display both ascending and descending lines or focus on just one.
By setting up the script based on these inputs and parameters, you can get a real-time view of significant price levels and how often the price interacts with them, helping you make more informed trading decisions.
US30 Challenge ComplementPurpose of the Script
This script is designed to analyze bullish and bearish engulfing patterns on the US30 index. It combines moving averages (MA and EMA) on both daily and hourly charts to detect crossovers, evaluates engulfing candlestick patterns, and adds additional conditions based on the size of candlestick wicks. The script provides visual feedback by coloring bars and plotting flags when certain conditions are met.
Explanation of the Key Features
User Input Parameters:
The script allows users to customize the period and color of both a simple moving average (SMA) and an exponential moving average (EMA). This flexibility enables users to adapt the moving average settings to their preferred strategy.
Moving Averages (MA and EMA):
Two key moving averages are calculated:
A simple moving average (SMA) with a period of 18 for both daily and hourly timeframes.
An exponential moving average (EMA) with a period of 8 for both daily and hourly timeframes.
These moving averages are used to detect whether the EMA is above or below the SMA in both the daily and hourly charts, providing trend direction insights.
Engulfing Patterns:
The script detects bullish and bearish engulfing patterns across multiple candlesticks.
Bullish Engulfing: Occurs when a green candlestick (closing higher than it opens) completely engulfs the body of the previous red candlestick.
Bearish Engulfing: Occurs when a red candlestick (closing lower than it opens) completely engulfs the body of the previous green candlestick.
The script detects these patterns not only for a single previous candle but also up to three previous candles, making it more versatile in recognizing different engulfing scenarios.
A percentage threshold is introduced to ensure that the engulfing candles meet a minimum size requirement, which can be customized by the user.
Cross-Detection on Multiple Timeframes:
The script checks whether the EMA is above or below the SMA on both daily and hourly charts.
This crossover is critical for confirming bullish or bearish conditions. If the EMA is below the SMA on the hourly chart, combined with a bullish engulfing pattern, it suggests a potential bullish reversal. Conversely, if the EMA is above the SMA with a bearish engulfing pattern, it signals a potential bearish reversal.
Candlestick Size and Wick Filters:
The script includes functions to filter candlesticks based on their wick sizes.
Bullish Wick Filter: Ensures that the upper wick of a bullish candle is not too large compared to the body.
Bearish Wick Filter: Ensures that the lower wick of a bearish candle is not too large compared to the body.
These filters help confirm strong candlesticks, reducing noise from candles with long wicks that might indicate indecision.
Visual Cues (Bar Coloring and Flags):
The script colors bars green if bullish engulfing conditions are met and red if bearish engulfing conditions are met. This provides an immediate visual indication of potential reversal points.
It also plots flags above bullish candlesticks and below bearish candlesticks if they have favorable wick characteristics. This adds an extra layer of confirmation for identifying stronger candles.
How to Use the Script
Adjust Parameters:
Before using the script, traders can customize the moving average periods, colors, and the percentage threshold for the engulfing candlesticks. This allows users to fine-tune the script to different timeframes and market conditions.
Engulfing Pattern Detection:
Traders can rely on the script to automatically detect and highlight bullish and bearish engulfing patterns, making it easier to spot potential reversal points. The script considers both single and multi-candlestick engulfing patterns, adding robustness to its detection logic.
Cross-Verification with Moving Averages:
The script adds a layer of confirmation by checking the relationship between the EMA and SMA. Traders can look for alignment between the moving averages and the engulfing patterns to increase the likelihood of successful trades.
Filter Candles Based on Wick Size:
Traders can use the additional wick filters to focus on stronger, more decisive candles. Flags are plotted on these candles, making them easier to identify.
Differences from Other Scripts
Multi-Candle Engulfing Detection: The script detects engulfing patterns over multiple previous candles (up to three), which is not commonly found in most scripts.
Customizable Engulfing Size: The user can set a minimum size threshold for engulfing candles, providing greater control over the pattern detection.
Wick Filters: The inclusion of filters to check for wick size makes this script more precise in identifying strong engulfing candles, reducing false signals from indecisive candles with large wicks.
EMA and SMA Crossover Integration: By integrating moving average crossovers, the script provides additional trend confirmation, increasing the reliability of the engulfing signals.
***************************************************(Español)
Propósito del Script
Este script está diseñado para analizar patrones de envolvente alcista y bajista en el índice US30. Combina medias móviles (MA y EMA) en gráficos diarios y horarios para detectar cruces, evalúa patrones de velas envolventes y añade condiciones adicionales basadas en el tamaño de las mechas. El script ofrece retroalimentación visual coloreando barras y trazando banderas cuando se cumplen ciertas condiciones.
Explicación de las Características Clave
Parámetros de Entrada del Usuario:
El script permite personalizar el período y el color tanto de una media móvil simple (SMA) como de una media móvil exponencial (EMA), lo que permite a los usuarios ajustar las configuraciones según su estrategia.
Medias Móviles (MA y EMA):
Dos medias móviles clave se calculan:
Una media móvil simple (SMA) con un período de 18 tanto para los marcos de tiempo diarios como horarios.
Una media móvil exponencial (EMA) con un período de 8 tanto para los marcos de tiempo diarios como horarios.
Patrones Envolventes:
El script detecta patrones de envolvente alcista y bajista en múltiples velas.
Se introduce un umbral porcentual que garantiza que las velas envolventes tengan un tamaño mínimo, personalizable por el usuario.
Detección de Cruces en Múltiples Marcos Temporales:
El script verifica si la EMA está por encima o por debajo de la SMA en gráficos diarios y horarios, lo que ayuda a confirmar las condiciones de tendencia.
Filtros de Tamaño de Mecha:
El script incluye funciones para filtrar velas según el tamaño de sus mechas, lo que ayuda a identificar velas más fuertes y decisivas.
Indicadores Visuales:
El script colorea las barras en verde si se cumplen las condiciones de envolvente alcista y en rojo si se cumplen las de envolvente bajista. También traza banderas para indicar velas con mechas favorables.
Cómo usar el Script
Ajustar Parámetros.
Detección de Patrones Envolventes.
Verificación con Medias Móviles.
Filtrar Velas Según el Tamaño de Mecha.
Diferencias con Otros Scripts
Detección Multi-Velas de Envolventes.
Tamaño Personalizable de Envolventes.
Filtros de Mechas.
Integración de Cruces de EMA y SMA.
Realtime Divergence for Any Indicator - By John BartleThe main purpose of this script is to show historical and real-time divergences for any oscillating indicator. The secondary purpose is to give the user a lot of precise control over identifying divergences and determining what they are. This is an improved version of my other script which is similarly called "Realtime Divergence for Any Indicator"
There are four types of divergences that are offered:
Bull divergence
Hidden bull divergence
Bear divergence
Hidden Bear divergence
There are three types of potential(real-time) divergences which include:
1) Without right side bars for rightside pivots. Plus without waiting for the rightside pivot bar to complete
2) Without right side bars for rightside pivots. Plus with waiting for the rightside pivot bar to complete
3) With right side bars for rightside pivots. Plus without waiting for the rightside pivot right-most bar to complete
A definite divergence occurs when all specified bars are accounted for and fully formed.
Potential divergences use dashed lines and definite(historical) divergences use solid lines.
In addition to several other categories of settings to filter out unwanted divergences or manipulate the search process, this script also offers Alerts. Remember that alerts must not only be set within this scripts settings but also your "Alerts" panel on your right. It's strange but BOTH must be set for alerts to work...
Other interesting Things To Know:
1)I actually don't trade and so I have no need of a paid account. Unpaid accounts don't have the playback feature so I haven't really tested this script out very well. Sorry. Just let me know if something seems off and IF I have time I'll try to fix it.
2)Keep in mind that Pinescript limits the number of lines that can be shown at one time. This means that if your settings allow for a large number of divergence lines they will be removed from the leftward side of your chart but appear in the rightward side.
3) The time and the values for the price or oscillator are not the same things as each other nor are they physical things with physical space. This means that slopes of lines using the time as X and value as Y can not have definite angles. Consequently, under the setting "DIVERGENCES: SLOPE ANGLE EXCLUSION" YOU have to decide what slope equals what angle by using the setting called "Normalization Factor".
4) Remember that some individual settings apply to both the oscillator and price chart. This means that even if the setting's conditions are fulfilled in one they may not be fulfilled in the other.
5) Under the category "DIVERGENCES: INTERSECTION ALLOWANCE", if you set the "Measurement Type" to Relative Percentage then FYI any single given length will equate to an increasingly smaller percentage the further away from zero it is. Because of this, I think "Reletive Percentage" is probably only useful for price charts or oscillators with big values. Maybe >200 is OK ?
Errors:
1) If you get the error mentioning that the script must complete execution within X amount of time, this is because this is a big script and sometimes takes longer than your service plan's allotted time limit. You can just disable some of the settings to reduce the scripts amount of work and time. The biggest time savers will be to disable some lines and labels
2) If you get an error saying the script accessed a negative index(e.g. ) then try temporarily increasing the "Add More Array Elements" setting to 100-200. Sometimes it fixes the problem.
3) You may sometimes temporarily get an error that reads: "Pine cannot determine the referencing length of a series. Try using max_bars_back in the study or strategy function".
If this happens there are several things that you can do:
3A) Create a copy of my script. Then edit the section of code that looks like this ")//, max_bars_back = INSERT_YOUR_QUANTITY_HERE)" and transform it to look like this new code ", max_bars_back = INSERT_YOUR_QUANTITY_HERE)" then repeatedly try replacing "INSERT_YOUR_QUANTITY_HERE" with an increasingly larger number greater than 244 but less than 5000.
This method will increase your system resources and could cause other problems. Try changing the code back after a few hours and see if all is well again. It is a Pinescript limitation issue and happens when certain functions or variables don't get used at least once within the first 244 bars.
3B) Adjust your settings to hopefully find a divergence within the first 244 bars. If one is found then the problematic variables or functions should get used and the Pinescript 244 bar limitation should be temporarily resolved.
3C) Wait for X number of new bars to occur. If a divergence is eventually found within the first 244 bars that should solve the issue.
Tips:
1) If the amount that a setting changes value is undesirable for each time you click it then you can change that amount in the code. To do that, you'll need your own copy of my script. To make your own copy just click on "create a working copy" in the brown colored strip area above the code. Then within approximately the first 108 lines find the title of the setting you want to change. Then look to it's right to find the parameter called "step =". Change what the step equals to whatever you want. FYI, you can hover your mouse over the blue colored code and a popup will tell you what parameters(i.e. settings) that function(e.g. "input.int()") has available.
