Best Scripts of the Month — 2020.03
We present you with our selection from the open-source indicators published this month on TradingView. These scripts are the ones that caught our attention while analyzing the two thousand or so scripts published each month in TradingView's Public Library, the greatest repository of indicators in the world. If we missed any, please let us know. Most of these scripts were selected on the basis of their potential to be useful in trading; others will be more useful to Pine coders.
This superb body of work constitutes unmistakable proof of the liveliness, ingenuity, and relentless creativity of the generous traders/programmers who not only give their time to write amazing scripts, but share their code with the world. Kudos to these very special humans.
Enjoy!
RedK_Directional Index / K xDMI
RedKTrader revisits DMI/ADX, both from a visual and structural perspective. He offers interesting variations in its calculations. Have a look.
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VQZL Z-Score
eylwithsteph gives us a Z-Score standardized Volatility Quality Zero Line which should provide more normalized ranges across instruments.
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Uhl MA Crossover System
alexgrover presents a crossover between two distinct, but related, adaptive moving averages derived from an Andreas Uhl concept: the Corrected Moving Average (CMA).
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Vicious Mortgage Rates V1.0
TheViciousVB aggregates QUANDL mortgage rates from Wells Fargo.
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[RS]Majors Volume Sum
RicardoSantos treats us to some number manipulation wizardry to provide a readable display of ForEx majors volume divided in 3 different periods. The indicator also comes with an oscillator.
![[RS]Majors Volume Sum](https://s3.tradingview.com/u/uLZ8MJLU_mid.png)
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Volume Profile [Makit0]
makit0 gives us a Volume profiling tool crafted with much attention to details. Plots 6 key values and can do sessions. This one slipped by us in February. Sorry Makit0.
![Volume Profile [Makit0]](https://s3.tradingview.com/f/FQmVaaK9_mid.png)
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Delta Volume Candles [LucF]
LucF brings an overlay version of his Delta Volume Columns indicator to the Library. It uses intrabar inspection to fetch finer resolution buy/sell volume information and displays it using candles.
![Delta Volume Candles [LucF]](https://s3.tradingview.com/h/h0yZPTiS_mid.png)
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CME Equity Futures Price Limits
NeoButane comes out with an indicator adapted to these times. It shows the limits for breaker prices by deducting them from the previous session.
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Modified OBV w/ Divergence Detection by Cryptorhythms
theheirophant presents Apirine's version of OBV to which he adds divergence detection.
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Trend Following Moving Averages
LonesomeTheBlue provides a heatmap interpretation of an MA ribbon to be used in a pane rather than in overlay mode.
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Automatic Trendlines
When BacktestRookies comes out with something new, it's a good bet that it will be worth looking at. This time it's a trend lines indicator.
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[RS]Bar Pattern Statistics Tool
The creativity of Pine's Maestro, RicardoSantos, graces the Public Library with an almost alien steadfastness. From his March publications, we found this bar pattern-mining utility the most interesting.
![[RS]Bar Pattern Statistics Tool](https://s3.tradingview.com/i/IeaHIREo_mid.png)
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Backward Number of Bars
melihtuna comes up with an ingenious way of allowing code to execute in the last n bars only.
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This superb body of work constitutes unmistakable proof of the liveliness, ingenuity, and relentless creativity of the generous traders/programmers who not only give their time to write amazing scripts, but share their code with the world. Kudos to these very special humans.
Enjoy!
RedK_Directional Index / K xDMI
RedKTrader revisits DMI/ADX, both from a visual and structural perspective. He offers interesting variations in its calculations. Have a look.
═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
VQZL Z-Score
eylwithsteph gives us a Z-Score standardized Volatility Quality Zero Line which should provide more normalized ranges across instruments.
═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
Uhl MA Crossover System
alexgrover presents a crossover between two distinct, but related, adaptive moving averages derived from an Andreas Uhl concept: the Corrected Moving Average (CMA).
═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
Vicious Mortgage Rates V1.0
TheViciousVB aggregates QUANDL mortgage rates from Wells Fargo.
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[RS]Majors Volume Sum
RicardoSantos treats us to some number manipulation wizardry to provide a readable display of ForEx majors volume divided in 3 different periods. The indicator also comes with an oscillator.
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Volume Profile [Makit0]
makit0 gives us a Volume profiling tool crafted with much attention to details. Plots 6 key values and can do sessions. This one slipped by us in February. Sorry Makit0.
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Delta Volume Candles [LucF]
LucF brings an overlay version of his Delta Volume Columns indicator to the Library. It uses intrabar inspection to fetch finer resolution buy/sell volume information and displays it using candles.
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CME Equity Futures Price Limits
NeoButane comes out with an indicator adapted to these times. It shows the limits for breaker prices by deducting them from the previous session.
═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
Modified OBV w/ Divergence Detection by Cryptorhythms
theheirophant presents Apirine's version of OBV to which he adds divergence detection.
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Trend Following Moving Averages
LonesomeTheBlue provides a heatmap interpretation of an MA ribbon to be used in a pane rather than in overlay mode.
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Automatic Trendlines
When BacktestRookies comes out with something new, it's a good bet that it will be worth looking at. This time it's a trend lines indicator.
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[RS]Bar Pattern Statistics Tool
The creativity of Pine's Maestro, RicardoSantos, graces the Public Library with an almost alien steadfastness. From his March publications, we found this bar pattern-mining utility the most interesting.
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Backward Number of Bars
melihtuna comes up with an ingenious way of allowing code to execute in the last n bars only.
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Tools and ideas for all Pine coders: pinecoders.com
Our Pine FAQ & Code: pinecoders.com/faq_and_code/
Pine news broadcasts: t.me/PineCodersSquawkBox or twitter.com/PineCoders
Our Pine FAQ & Code: pinecoders.com/faq_and_code/
Pine news broadcasts: t.me/PineCodersSquawkBox or twitter.com/PineCoders
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