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Thinking in Pine - Time SeriesHello everyone, Welcome back to "Thinking in Pine" short video series. In this video, we discuss the concept of time series variables in Pinescript. If you are not familiar with var and varip type of variables - please step back and watch this video before continuing - "Thinking in Pine - var, varip and regular variables" 🎲 Summary of our discussion is as follows What are time series variables, and how are they used in Pinescript? How do we access historical values of time series? Limitations of accessing historical values 🎯 Example Program Used currentBar = bar_index var currentBarUsingVar = 0 currentBarUsingVar := bar_index varip showLog = true valueAt200thBar = ta.valuewhen(bar_index == 500, currentBar, 0) if(barstate.islast and showLog) log.info("Current Bar Values using regular and var variables : {0}, {1}", currentBar, currentBarUsingVar) log.info("Last Bar Values using regular and var variables : {0}, {1}", currentBar , currentBarUsingVar ) log.info("Values 500 bars ago using regular and var variables : {0}, {1}", currentBar , currentBarUsingVar ) offset = bar_index-25000 log.info("Values at 25000th bar using regular and var variables : {0}, {1}", currentBar , currentBarUsingVar ) showLog := false plot(bar_index, "Bar Index", color = color.blue, display = display.data_window) There are pitfalls of using historical operators within loop or under if condition. We will discuss that in our next video. 🎲 References: Pine Script® User Manual - Execution Model Pine Script® User Manual - Time Series Pine Script® User Manual - History Referencing Operator ]Pine Script® Reference Manual - History Referencing Operator
Education
by Trendoscope
Thinking in Pine - var, varip and regular variablesThis is our first video session on "Thinking in Pine" series. Before we start, we want to explain a bit about our new initiative. 🎲 What is "Thinking in Pine"? In our journey to empower the trading community, we're excited to introduce "Thinking in Pine," a series of concise, 5-10 minute videos dedicated to unraveling the complexities of Pine Script®. We have our own list of topics to be covered, and we will start releasing the videos one by one. However, if you're grappling with any aspect of Pine Script® or stuck on an implementation, we encourage you to reach out to us or drop a comment here. We aim to address your queries by breaking down challenging concepts or implementations into easily digestible content. What kind of videos are covered in "Thinking in Pine"? Pine Script® Focus: We try to keep our focus on Pine Script® concepts and implementations. General Utility: We prioritize topics that offer broader learning value. Though it's challenging to quantify this, we'll use our judgment to select topics that benefit the wider audience. Time-Efficient Demonstrations: Ideally, we want to keep our demonstrations to 5–10 mins of time. We're here to demystify Pine Script®, one topic at a time, making it accessible for everyone from beginners to advanced users. Stay tuned for insightful sessions with "Thinking in Pine"! 🎲 Demonstrating var, varip and regular variables in Pine Script® In this video, we have demonstrated the difference between var, varip and regular variables by using an example implementation of OBV indicator. 🎯 Logic of OBV Calculation Start with the value 0 On each bar, add volume to the indicator if close price is higher than previous bar close price. On each bar, remove volume from the indicator is close price is lesser than previous bar close price 🎯 Highlights Regular variables are initialized separately on each bar and does not propagate value to next bar unless coded to do it. var variables are initialized once and then can be reassigned any number of times using := operator . The variables declared as var will propagate the current values to the next bar. varip variables are initialized once and then can be reassigned any number of times using := operator . varip will behave similar to var on historical bars. However, on real time bars, they are recalculated on every tick, and they remember the state of each tick. 🎯 Example Program Used Here is the example program used in the demonstration. //Plot built-in OBV value for reference plot(ta.obv, "OBV Built In", color=color.yellow) //Volume multiplied by +-1 based on change in close price compared to previous bar. volumeBySign = math.sign(nz(ta.change(close), 0))*volume //Obv calculation by using regular variable. Code need to access and add last bar value using obvByRegular obvByRegular = 0.0 obvByRegular += nz(obvByRegular , 0) + volumeBySign plot(obvByRegular, "OBV By Regular Variable", color=color.blue) //Obv calculation using var variable. Since var variables propagate values to next bar, // we do not need to use historical operator to get the last bar value var obvByVar = 0.0 obvByVar += volumeBySign plot(obvByVar, "OBV by var Variable", color = color.maroon) //Obv implementation using varip. The OBV is calculated based on every tick. Histoical values will match the same as that of other implementation. //However, in real time, the calculations are done based on the tick values varip obvByVarip = 0.0 varip lastPrice = close varip lastVolume = volume if(barstate.isnew) lastVolume := 0 obvByVarip += math.sign(close-lastPrice)*(volume-lastVolume) lastPrice := close lastVolume := volume plot(obvByVarip, "OBV by varip Variable", color = color.purple) 🎲 References: Pine Script® User Manual - Variable declarations Pine Script® Reference Manual - var Pine Script® Reference Manual - varip Pine Script® User Manual - Operators
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Education
by Trendoscope
8
How to Confirm a DivergenceI get a lot of messages from you guys talking about how #diivergences seem to play out or not get initiated or that you're having problems entering A #divergence trade. In this video I'm presenting you a reminder of one of the steps you need to use and it is the the confirmation step that you need to use for confirming whether a divergence is actually going to start going in your favor. By that I mean that you have already found the divergence and you're simply waiting to enter on the trade because as you should know by now just because you see a divergence doesn't mean it triggers you to start trading in a direction. Finding the divergence is only step one but finding the entry is based off of the structure in price action that I have outlined in this video idea. In this video I'm simply using the RSI to find a bullish divergence based off of the difference in bearish price action and you can see clearly how I implement drawing a area around the start of the divergence and wait for price to reach that area. If price never reaches that area then I do not trade bullish according to the bullish divergence instead you simply ignore the divergence and carry on with the rest of your #priceaction #trading.
Education
by CoffeeshopCrypto
8
You To EXIT SP500 @ 4698.34 And Here's WhyWhen you look at the historical chart you will see the pattern of why. When you see the stocks in the main news. Remember that this is at the correction level. Right now the market is oversold. The best time to exit your position is when the main news is talking about it. This is not a good short position but a good exit to take profit position. Historically it crashed at this level in 2022. Rocket boost this content to learn more. **Disclaimer:** The information provided above is for educational and informational purposes only. -- It does not constitute financial advice, and trading always involves -- a risk of substantial losses, regardless of the margin levels -- used. Before engaging in any trading activities, it is crucial to -- conduct thorough research, consider your financial situation, -- and, if necessary, consult with a qualified financial advisor. Past -- performance is not indicative of future results, and market -- conditions can change rapidly. Trading decisions should be made -- based on careful analysis and consideration of individual -- circumstances. The user is solely responsible for any decisions made -- and should be aware of the inherent risks associated with trading in -- financial markets.
CME_MINI:ES1!Education
by lubosi
1
Navigating the Markets with Fibonacci ChannelsToday we delve into the fascinating world of Fibonacci Channels, a powerful tool for traders looking to identify potential non-horizontal support and resistance levels in the market. Throughout the video, we provide a step-by-step guide on how to place Fibonacci Channels on price charts, allowing you to visualize and understand their significance in identifying key price levels. We also showcase real-world examples to demonstrate how Fibonacci Channels can be used to find points of interest, such as trend reversals and price targets. Furthermore, we discuss the integration of Fibonacci Channels with other technical indicators, providing insights into how this combination can enhance your trading strategy. By the end of this video, you will have a comprehensive understanding of Fibonacci Channels and the ability to confidently incorporate them into your trading approach. Get ready to unlock the potential of Fibonacci Channels and take your trading skills to the next level!
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Education
by LeafAlgo
16
3 Ways To The Rocket Booster StrategyHi there its Lubosi Stocks, and and am here to share with you the rocket booster strategy that you can use to learn technical analysis. -- This strategy is a simple one and was highly inspired by the following mentors i have been following for a long time such as Tim Skyes, Robert Kiyosaki and Matthew Kratter. -- So the strategy is very simple and has been broken down in 3 ways: -- #1- Price has to be in a trend #2- Price has to be above the 50 Day Moving Average #3- Price has to be above the 200 Day Moving Average. -- If you want to learn more rocket boost this content. -- Disclaimer: I reserve the right to be wrong .Do not buy or sell anything i recommend to you.DO your research before you trade.
NASDAQ:AMZNEducation
by lubosi