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Indicateurs et stratégies

Relative Strength of Volume Indicators by DGTThe Relative Strength Index (RSI) , developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. • Traditionally the RSI is considered overbought when above 70 and may be primed for a trend reversal or corrective pullback in price, and oversold or undervalued condition when below 30. During strong trends, the RSI may remain in overbought or oversold for extended periods. • Signals can be generated by looking for divergences and failure swings. If underlying prices make a new high or low that isn't confirmed by the RSI, this divergence can signal a price reversal. If the RSI makes a lower high and then follows with a downside move below a previous low, a Top Swing Failure has occurred. If the RSI makes a higher low and then follows with an upside move above a previous high, a Bottom Swing Failure has occurred • RSI can also be used to identify the general trend. In an uptrend or bull market, the RSI tends to remain in the 40 to 90 range with the 40-50 zone acting as support. During a downtrend or bear market the RSI tends to stay between the 10 to 60 range with the 50-60 zone acting as resistance This study aim to implement Relative Strength concept on most common Volume indicators, such as • Accumulation Distribution is a volume based indicator designed to measure underlying supply and demand • Elder's Force Index (EFI) measures the power behind a price movement using price and volume • Money Flow Index (MFI) measures buying and selling pressure through analyzing both price and volume (used as it is) • On Balance Volume (OBV) , created by Joe Granville, is a momentum indicator that measures positive and negative volume flow • Price Volume Trend (PVT) is a momentum based indicator used to measure money flow Plotting will be performed for regular RSI and RSI of Volume indicator (RSI(VOLX)) selected from the dialog box, where the possibility to apply smoothing is provided as option. Additionally, labels can be added optionally to display the value and name of selected volume indicator Secondly, ability to present Volume Histogram within the same study along with its Moving Average or Volume Oscillator based on selection Finally, Volume Based Colored Bars , a study of Kıvanç Özbilgiç is added to emphasis volume changes on top of the bars Nothing excessively new, the study combines RSI with; - RSI concept applied to some of the common Volume indicators presented with a highlighted over/under valued threshold area, optional labeling and smoothing, - added Volume data with additional information and - colored bars based on volume Thanks @Vishant_Meshram for the inspiration 🙏 Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Indicateur Pine Script®
par dgtrd
111
Volume by SessionThis indicator shows volume separated by session. The aim is clarify which session a volume bar occurred in and how it compares to the average of that session - NOT ALL SESSIONS. The logic is that there is little value comparing for example the volume of the London session against volume of the London-NY session - the London-NY will always have higher volume. But how does today's london compare to yesterdays london or the london average. The indicator has moving averages that only consider the average of previous episodes of the same session - so the average on the london session is the average of the past 5 london sessions (NY and asia and London-NY are not included in the calculation of the MA). The indicator goes as high as 1H timeframe and the average line does not function below 5 mins - thats a limitation on available data to calculate it. There's also a 'dark screen' function. Thats because I like a black background so the colours need to be inverted. Hope its useful. Good luck. John
Indicateur Pine Script®
par john_everist
33
COT Net Non-Commercials vs Commercials (Updated MTF Non-Repaint)Hello there, With this script, you can see CFTC COT Non Commercial and Commercial Positions together. This way, you can analyze net values ​​greater than 0 and smaller, as well as very dense and very shallow positions of producers and speculators. Green - Non Commercials - Speculators Red - Commercials - Producers This script is multi time-frame and non-repaint script. Data pulled through Quandl. And the latest version codes have been used. As time goes by, I will try to make useful modifications to this scheme. Regards.
Indicateur Pine Script®
par Noldo
56
Grid Like StrategyIt is possible to use progressive position sizing in order to recover from past losses, a well-known position sizing system being the "martingale", which consists of doubling your position size after a loss, this allows you to recover any previous losses in a losing streak + winning an extra. This system has seen a lot of attention from the trading community (mostly from beginners), and many strategies have been designed around the martingale, one of them being "grid trading strategies". While such strategies often shows promising results on paper, they are often subjects to many frictions during live trading that makes them totally unusable and dangerous to the trader. The motivations behind posting such a strategy isn't to glorify such systems, but rather to present the problems behind them, many users come to me with their ideas and glorious ways to make money, sometimes they present strategies using the martingale, and it is important to present the flaws of this methodology rather than blindly saying "you shouldn't use it". Strategy Settings Point determines the "grid" size and should be adjusted accordingly to the scale of the symbol you are applying the strategy to. Higher value would require larger price movements in order to trigger a trade, as such higher values will generate fewer trades. The order size determines the number of contracts/shares to purchase. The martingale multiplier determines the factor by which the position size is multiplied after a loss, using values higher to 2 will "squarify" your balance, while a value of 1 would use a constant position sizing. Finally, the anti-martingale parameter determines whether the strategy uses a reverse martingale or not, if set to true then the position size is multiplied after any wins. The Grid Grid strategies are commons and do not present huge problems until we use certain position sizing methods such as the martingale. A martingale is extremely sensitive to any kind of friction (frictional costs, slippage...etc), the grid strategy aims to provide a stable and simple environment where a martingale might possibly behave well. The goal of a simple grid strategy is to go long once the price crossover a certain level, a take profit is set at the level above the current one and stop loss is placed at the level below the current one, in a winning scenario the price reach the take profit, the position is closed and a new one is opened with the same setup. In a losing scenario, the price reaches the stop loss level, the position is closed and a short one is opened, the take profit is set at the level below the current one, and a stop loss is set at the level above the current one. Note that all levels are equally spaced. It follows from this strategy that wins and losses should be constant over time, as such our balance would evolve in a linear fashion. This is a great setup for a martingale, as we are theoretically assured to recover all the looses in a losing streak. Martingale - Exponential Decays - Risk/Reward By using a martingale we double our position size (exposure) each time we lose a trade, if we look at our balance when using a martingale we see significant drawdowns, with our balance peaking down significantly. The martingale sequence is subject to exponential growth, as such using a martingale makes our balance exposed to exponential decays, that's really bad, we could basically lose all the initially invested capital in a short amount of time, it follows from this that the theoretical success of a martingale is determined by what is the maximum losing streak you can endure Now consider how a martingale affects our risk-reward ratio, assuming unity position sizing our martingale sequence can be described by 2^(x-1) , using this formula we would get the amount of shares/contracts we need to purchase at the x trade of a losing streak, we would need to purchase 256 contracts in order to recover from a losing streak of size 9, this is enormous when you take into account that your wins are way smaller, the risk-reward ratio is totally unfair. Of course, some users might think that a losing streak of size 9 is pretty unlikely, if the probability of winning and losing are both equal to 0.5, then the probability of 9 consecutive losses is equal to 0.5^9 , there are approximately 0.2% of chance of having such large losing streak, note however that under a ranging market such case scenario could happen, but we will see later that the length of a losing streak is not the only problem. Other Problems Having a capital large enough to tank 9any number of consecutive losses is not the only thing one should focus on, as we have to take into account market prices and trading dynamics, that's where the ugly part start. Our first problem is frictional costs, one example being the spread, but this is a common problem for any strategy, however here a martingale is extra sensitive to it, if the strategy does not account for it then we will still double our positions costs but we might not recover all the losses of a losing streak, instead we would be recovering only a proportion of it, under such scenario you would be certain to lose over time. Another problem are gaps, market price might open under a stop-loss without triggering it, and this is a big no-no. Equity of the strategy on AMD, in a desired scenario the equity at the second arrow should have been at a higher position than the equity at the first arrow. In order for the strategy to be more effective, we would need to trade a market that does not close, such as the cryptocurrency market. Finally, we might be affected by slippage, altho only extreme values might drastically affect our balance. The Anti Martingale The strategy lets you use an anti-martingale, which double the position size after a win instead of a loss, the goal here is not to recover from a losing strike but instead to profit from a potential winning streak. Here we are exposing your balance to exponential gross but you might also lose a trade at the end a winning streak, you will generally want to reinitialize your position size after a few wins instead of waiting for the end of a streak. Alternative You can use other-kind of progressions for position sizing, such as a linear one, increasing your position size by a constant number each time you lose. More gentle progressions will recover a proportion of your losses in a losing streak. You can also simulate the effect of a martingale without doubling your position size by doubling your target profit, if for example you have a 10$ profit-target/stop-loss and lose a trade, you can use a 20$ profit target to recover from the lost trade + gain a profit of 10$. While this approach does not introduce exponential decay in your balance, you are betting on the market reaching your take profits, considering the fact that you are doubling their size you are expecting market volatility to increase drastically over time, as such this approach would not be extremely effective for high losing streak. Conclusion You will see a lot of auto-trading strategies that are based on a grid approach, they might even use a martingale. While the backtests will look appealing, you should think twice before using such kind of strategy, remember that frictional costs will be a huge challenge for the strategy, and that it assumes that the trader has an important initial capital. We have also seen that the risk/reward ratio is theoretically the worst you can have on a strategy, having a low reward and a high risk. This does not mean that progressive position sizing is bad, but it should not be pushed to the extreme. It is nice to note that the martingale is originally a betting system designed for casino games, which unlike trading are not subject to frictional costs, but even casino players don't use it, so why would you? Thx for reading
Stratégie Pine Script®
par alexgrover
14
Quadratic RegressionFit a quadratic polynomial (parabola) to the last length data points by minimizing the sum of squares between the data and the fitted results. The script can extrapolate the results in the future and can also display the R-squared of the model. Note that this script is subject to some limitations (more in the "Notes" section). Settings Length : Number of data points to use as input. Offset : Determine the number of past fitted values to be displayed, if 0 only the extrapolated values are displayed, if 55 only the past fitted values are displayed. Src : Input data of the indicator Show R2 : Determine if the value of the R-squared must be displayed, by default true. Usage When the underlying trend in the price is not linear, we might use more advanced models to estimate it, this is where using a higher-degree regression model might be required, as such a quadratic model (second-degree) is appropriate when the underlying trend is parabolic. Here we can see that the quadratic regression (in blue) offer a better fit than a linear one. Another advantage of the quadratic regression is that a linear one will always have the same direction, that's not the case with the quadratic regression and as such, it is possible to forecast reversals. Above a linear regression (in red) and two quadratic regression (in blue) with both length = 54. Note that for the sake of clarity, the above image uses a quadratic regression to show all the past fitted values and another one to show all the forecasted values. The R-Squared is also extremely useful when it comes to measuring the accuracy of the model, with values closer to 1 indicating that the model is appropriate, and thus suggesting that the underlying trend in the price is parabolic. The R-squared can also measure the strength of the trend. Notes The script uses the function line.new , as such only a maximum of 54 observations are displayed, getting more observations can be done by using an additional quadratic regression like we did in the previous section. Another thing is that line.new use xloc.bar_time , as such it is possible to observe some errors with the displayed results of the indicator, such as: This will happen when applying the indicator to symbols with session breaks, I apologize for this inconvenience and I'll try to find solutions. Note however that the indicator will work perfectly on cryptos. Summary That's an indicator I really wanted to make, even if it is important to note that such models are rarely useful in stock markets, however it is more than possible to create a quadratic regression (with severe limitations) with pinescript. Today I turn 21, while I should be celebrating I still wanted to share something with the community, it's also some kind of present to myself that tells me that I am a bit better at using pinescript than last year, and I am glad I could progress (instead of regress, regression , got it?). Thx a lot for reading!
Indicateur Pine Script®
par alexgrover
81
Spread by//Every spread & central tendency measure in 1 script with comfortable visualization, including scrips's status line. Spread measures: - Standard deviation (for most cases); - Average deviation (if there are extreme values); - GstDev - Geometric Standard Deviation (exclusively for Geometric Mean); - HstDev - Harmonic Deviation (exclusively for Harmonic Mean). These modified functions will calculate everything right, they will take source, length, AND basis of your choice, unlike the ones from TW. Central tendency measures: - Mean (if everything's cool & equal); - Median (values clustering towards low/high part of the rolling window); - Trimean (3/more distinguishable clusters of data); - Midhinhe (2 distinguishable clusters of data); - Geometric Mean ( |low.. ... ... .. .... ... . . . . . . . . . . . .high| this kinda data); <- Exp law - Harmonic Mean { |low. . . . . . . . . . . . . . .. . . .high| kinda data). <- Reciprocal law Listen: 1) Don't hesitate using Standard Deviation with non-mean, like "Midhinge Standard Devition", despite what ol' stats gurus gonna say, it works when it's appropriate; 2) Don't check log space while using Geometric Mean & Geometric Standard Deviation, these 2 implement log stuff by design, I mean unless u wanna make it double xd 3) You can use this script, modify it how you want, ask me questions whatever, just make money using it; 4) Use Midrange & Midpoints in tandem when data follows ~addition law (like this . . . . . . . . . . . . . . . . . . . . .). <- just addition law Look at the data, choose spread measure first, then choose central tendency measure, not vice versa. !!! Ain't gonna place ® sign on standard deviations like one B guy did in 1980s lmao, but if your wanna use Harmonic Deviations in science/write about/cite it/whatever, pls give me a lil credit at least, I've never seen it anywhere and unfortunately had to develop it by myself. it's useful when your data develops by reciprocals law (opposite to exponential). Peace TW
Indicateur Pine Script®
par gorx1
19
Pre-Market Volume ProfileThis indicator displays the pre-market volume (note: without the post-market of the previous day). Unusual pre-market volume often indicates that institutional market makers are moving the market, which is a good sign for unusual high price movement. The indicator helps me to spot stocks, if a pre-market gap is confirmed with enough (unusual) volume. You can define, what "unusual" means by you, by adjusting the SMA length and the SMA multiplier. The default is a length of 21 bars and a 2.5 multiplier, meaning I'm interested in a stock, if the pre-market volume exceeds the average pre-market volume by 2.5 times.
Indicateur Pine Script®
par Clansi
26
Linear Regression (All Data)The tool plots a linear regression line using the entire history of an instrument on chart. There are may be issues on intraday timeframes less then 1h. On daily, weekly and monthly charts it works without problem. If an instrument has a lot of data points, you may not see the line (this is TV feature): To fix that you need to scroll your chart to the left and find the starting point of the line: And then do an auto-scroll to the last bar:
Indicateur Pine Script®
par everget
16
[PX] External LevelHello everyone, today I'd like to share a script, which enables you to use external logic to plot levels on your chart. How does it work? The concept is based on two scripts. One script, which uses an external input as a trigger to print a new level and one script that calculates an output, which will be fetched. Sounds complicated? It really is not! Let's take a closer look. // This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org // © paaax //@version=4 study("RSI OS/OB") l = input(14, "RSI Length") ob = input(70, "Overbought") os = input(30, "Oversold") r = rsi(close, l) hline(ob) hline(os) plot(r, "RSI", color=color.orange) // The following plot produces an output, which will be fetched the "External Level"-script. // It evaluates to one of the following three values: 1.0, -1.0 or 0.0 plot(crossover(r, ob) ? 1.0 : crossunder(r, os) ? -1.0 : 0.0, "Output", transp=100) The example script above uses an RSI and two threshold levels (70 and 30). The logic here is, that whenever the RSI is crossing down the lower threshold or crossing up the upper threshold we'd consider the current movement to be either oversold or overbought. Therefore, it's a point of interest, which we could visualize with a level. The script creates an output when the crossover or crossunder of a threshold happens. A crossover would result in a value of 1.0, a crossunder in a value of -1.0. In all other cases the value would be 0.0. The output of the RSI script would then be used as an input of the External Level script, which has a "Source"-parameter in its input-section. If the fetched input shows 1.0, then the script prints a resistance level. If it shows -1.0 a support level will be printed. And that's basically it. A very simple approach to print levels on your chart with an infinite number of use cases. For example, you could use fetch outputs from a MACD script, MA script, outputs based on volume or price movement. Just remember the output has to evaluate to either 1.0 or -1.0 and has to be selected in the input-section. Hope that might be useful to some of you :) Please click the "Like"-button and follow me for future open-source script publications. If you are looking for help with your custom PineScript development, don't hesitate to contact me directly here on Tradingview or through the link in my signature :)
Indicateur Pine Script®
par paaax
52
Bernoulli Process - Binary Entropy FunctionThis indicator is the Bernoulli Process or Wikipedia - Binary Entropy Function . Within Information Theory, Entropy is the measure of available information, here we use a binary variable 0 or 1 (P) and (1-P) (Bernoulli Function/Distribution), and combined with the Shannon Entropy measurement. As you can see below, it produces some wonderful charts and signals, using price, volume, or both summed together. The chart below shows you a couple of options and some critical details on the indicator. The best part about this is the simplicity, all of this information in a couple of lines of code. Using the indicator: The longer the Entropy measurement the more information you are capturing, so the analogy is, the shorter the signal, the less information you have available to utilize. You'll run into your Nyquist frequencies below a length of 5. I've found values between 9 and 22 work well to gather enough measurements. You also have an averaging summation that measures the weight or importance of the information over the summation period. This is also used for highlighting when you have an information signal above the 5% level (2 sigma) and then can be adjusted using the Percent Rank Variable. Finally, you can plot the individual signals (Price or Volume) to get another set of measurements to utilize. As can be seen in the chart below, the volume moves before price (but hopefully you already knew that) At its core, this is taking the Binary Entropy measurement (using a Bernoulli distribution) for price and volume. I've subtracted the volume from the price so that you can use it like a MACD, also for shorter time frames (7, 9, 11) you can get divergences on the histogram. These divergences are primarily due to the weekly nature of the markets (5 days, 10 days is two weeks,...so 9 is measuring the last day of the past two weeks...so 11 is measuring the current day and the past two weeks). Here are a couple of other examples, assuming you just love BTC, Stocks, or FOREX. I fashioned up a strategy to show the potential of the indicator. BTC-Strategy Stock-Strategy (#loveyouNFLX) FOREX - (for everyone hopped up on 40X leverage)
Indicateur Pine Script®
par kocurekc
53
Relative CandleThis script visualizes the relative movement of a single OHLC candle compared to an index (or another symbol). The vertical location of the candle indicates the general positive/negative comparison of the bar vs the index. The color of the candle indicates how the candle moved relative to the index. The wick indicates the closing range compared to the index (did the symbol close at lows of the bar while the index closed at highs). The area graph in the background shows the average relative close over a 10-day simple moving average. I use this to pop any behavior that is out of line with the market, whether positive or negative. For example, is a red bar day due to the market pullback or something specific to the stock. Or did the market pull back and the stock did the opposite, strong day!
Indicateur Pine Script®
par drewby4321
15
Momentum Acceleration by DGTItalian physicist Galileo Galilei is usually credited with being the first to measure speed by considering the distance covered and the time it takes. Galileo defined speed as the distance covered during a period of time. In equation form, that is v = Δd / Δt where v is speed, Δd is change in distance, and Δt is change in time. The Greek symbol for delta, a triangle (Δ), means change. Is the speed getting faster or slower? Acceleration will be the answer, acceleration is defined as the rate of change of speed over a set period of time, meaning something is getting faster or slower. Mathematically expressed, acceleration denoted as a is a = Δv / Δt , where Δv is the change in speed and Δt is the change in time. How to apply in trading Lets think about Momentum, Rate of Return, Rate of Change all are calculated in almost same approach with Speed Momentum measures change in price over a specified time period, Rate of Change measures percent change in price over a specified time period, Rate of Return measures the net gain or loss over a specified time period, And Speed measures change in distance over a specified time period So we may state that measuring the change in distance is also measuring the change in price over a specified time period which is length, hence speed can be calculated as (source – source )/length and acceleration becomes (speed – speed )/length In this study acceleration is used as signal line and result plotted as arrows demonstrating bull or bear direction where direction changes can be considered as trading setups Just a little fun, since we deal with speed the short name of the study is named after famous cartoon character Speedy Gonzales Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely Disclaimer: The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Indicateur Pine Script®
par dgtrd
131
TF Segmented Linear RegressionFit a line at successive intervals, where the interval period is determined by a user-selected time frame, this allows the user to have an estimate of the intrinsic trend within various intervals. Settings Timeframe : Determine the period of the interval, if the timeframe is weekly then a new line will be fit at the start each weeks, by default "Daily" Mult : Multiplication factor for the RMSE, determine the distance between the upper and lower extremities Src : Input data for the indicator Plot Extremities : Logical value, if true then the extremities of the channel are plotted, if false only the midline is plotted, true by default. Usage The timeframe setting should be higher than the current chart timeframe, note however that too large values of timeframe might return an error. Since the maximum number of lines that can be plotted is 54, using the extremities will only return 18 channels. The indicator can be compared to the "regression trend" drawing tool Main tf = 5 min with the indicator using a daily timeframe, the filled area is produced by the regression trend drawing tool using the same interval as the indicator, and coincide with it. Main tf = 15 min with the indicator using a weekly timeframe, wider channel indicate that the values tend to be farther away from the fitted line. A line with a significant slope indicates a strong trend, in that case, the width of the channel is determined by the amplitude of the retracements in the trend, with a narrower channel indicating a cleaner trend. When the fitted line has a low slope value and the channel is wide, it means that there were two or more variations of opposite directions with large amplitudes within the interval, this also indicates that a linear model is not appropriate. A slope approximately equal to 0 with a low channel width indicates a trendless market with cyclical variations of low amplitude in it. Refrences Determining the starting and ending points of the fitted line was done using a linear combination between the wma and sma The wma and sma functions both use a series as period by making use of the Wma and Sum functions in the following script
Indicateur Pine Script®
par alexgrover
27
Stochastic Weights - Basic [BigBitsIO]This script is a compilation of several different stochastic indicators (and RSI) where the K value of each indicator is equally weighted. The purpose of the indicator is to combine many indicators together in a fashion that weights them easier. By default, the Stochastic and Stochastic RSI are both enabled - the idea is to speed up the relatively slower Stochastic and to slow down the relatively fast Stochastic RSI. Other Stochastics are also available, including some of my own custom calculations that can also be added to the weighted calculation. Only the K value is weighted, as the D value is just a moving average of the weighted K. Explained: - Calculates enabled indicators - Calculates the weighted value of K for enabled indicators - Calculates a D value from the weighted K FAQ: - Why is this script useful? - To weight multiple indicators together so that you can attempt to find optimal values shared amongst the indicators. Ex: If Stochastic RSI is 100 and Stochastic is 50, K would be 75 and not particularly high. If you add in a 50 RSI, the K would be 67 in this example. If we weight indicators together that all have a high value they could potentially help find elements that align together to produce a stronger signal. DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
Indicateur Pine Script®
par BigBitsIO
6
Trend QualityThe quality of the current trend is calculated by adding or subtracting one point to the total value depending on the following criteras: 1. EMA-8, MA-20, MA-50, MA-100, MA-200 , each get a point if they are increasing. 2. EMA-8 > MA-20 > MA-20 > MA-50 > MA-100 > MA-200 , each condition that is true gets one point. On top of the Trend Quality value we apply a "weekly" (5 periods) and a "monthly" (22 periods) moving average. When above a value of 5, a strong trend is indicated and hence a trend following strategy should be used. Use this to Buy when bouncing back from e.g MA-20 or a confirming consolidation/candlestick/trendline pattern. When the trend decreases below Zero a trend shift may have occured. Idea, curtesy: Tobbe Rosèn
Indicateur Pine Script®
par kruskakli
16
Support Resistance MTFHello Traders, This is Support Resistance script that uses Multi Time Frame. While getting Close/Open/High/Low values of Higher Time Frames the script does NOT use Security function , instead it calculates them. while choosing Higher Time Frame, you can use "Auto" option so it uses predefined Higher Time Frames, or you can choose the Higher Time Frame Manually from the list. options for HTF => 15mins, 30mins, 60mins, 120mins, 180mins, 240mins, 720mins, Day, Week, 2 Weeks, Months, 3 Months, 6 Months, 12 Months. You have option to use High/Low or Close/Open values while calculating support resistance levels. "Period for Highest/Lowest Bars" option is used as loopback period to check if it's Highest/lowest bars. smaller numbers = more sensitive result. You have option for transparency and coloring of support/resistance levels/zone => Red, Lime, Blue, White, Black, Olive, Gray An example for 15 min chart, 4hours selected as HTF You can set transparency and colors as you wish: You can choose Close/Open prices while calculating S/R levels instead of High/Low Enjoy!
Indicateur Pine Script®
par LonesomeTheBlue
103
Hull Candles [BigBitsIO]This script is for custom candles based on an HMA calculation with a default period of 10 as well as an SMA of the close price, defaulted to 1 period to only show the current price. The purpose of the custom candles is to try and reduce noise from candles and help identify trends. These custom candles somewhat resemble Heikin-Ashi candles in their appearance. Explained: - Open, High, Low and Close (o, h, l, and c) are all calculated using an HMA calculation based on a user input length/period, defaulted at 10. - Candle colors are determined by using the same HMA calculation on the ohcl4 and comparing it to the previous candle. Green candles have an ohlc4 greater than the previous candle, all other candles are red. - The current price is plotted with the default blue line with an SMA calculation with 1 period to allow customization of smoothing if necessary to identify trends. DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
Indicateur Pine Script®
par BigBitsIO
39
VAMA Volume Adjusted Moving Average FunctionThis indicator is a live analysis adaptation of Richard Arms' Volume Adjusted Moving Average coded as a single function. VAMA utilizes a period length that is based on volume increments rather than time. Settings are provided for using as a pair of fast and slow moving averages. • SampleN - N volume bars used as sample to calculate average volume , 0 equals all bars. • VAMA Source - Price used for volume weighted calculations. • VAMA Length - Specified number of volume ratio buckets to be reached. • VAMA VI Fct - Size of volume ratio buckets. • VAMA Strict - Must meet desired volume requirements, even if number of bars has to exceed VAMA Length to do it. Please see previous published example here for more details on VAMA's usage and inability to redraw the past on time based charts. NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Indicateur Pine Script®
par allanster
36
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