My HIGHFIVESETUP Indicator in action on HIMS. Massive gains!My HIGHFIVESETUP Indicator in action on $HIMS. Massive gains!
Check out my HIGH-FIVE SETUP trading strategy indicator in action on NYSE:HIMS stock over the last two years!
Over 200% gains based on a $10k starting account.
- $10k into $31.5k+
- Almost a 90% accuracy based on the buys and sells.
- Almost 100% accuracy when we only buy off charting pattern breakouts and retests.
As most of my followers know, I've already been using my personal HIGHFIVESETUP trading strategy, and it's been very successful. So, to work smarter, not harder, I decided to create an indicator and trading strategy with my HIGHFIVESETUP to make my charts less cluttered and focus on fewer items.
I'm still backtesting across a wide variety of stocks to prove the success of my data-backed strategy. I'm also tweaking some of the script to make sure everything is how I want it, along with the backtesting and trading side of things.
What do you think about my HIGHFIVESETUP strategy and my new indicator?
Scripts
Revisiting Automatic Access Management API for VendorsThis video explains how to automate access management for vendors who build and sell invite only scripts based on subscription or one time fee. I have made videos about this earlier as well. But, due to high demand, I have been asked to make this video again.
🎲 Tools Required
Replit - Used for hosting the service that automates access management
Postman - To test the services hosted
🎲 Prerequisites
User should have premium tradingview account and be able to publish invite only scripts by following the house rules.
User should disable 2FA on their account in order to allow programs to login remotely and manage access.
🎲 Steps
All the steps are also mentioned in the githup repository: github.com
🎯 Run the access management service
Fork the replit repository: replit.com
Update Environment Variables tvusername and tvpassword
Run the repl
🎯 Use postman to test the service methods
Detailed explanation of the API calls are present in the github link provided above. The service is capable of doing following things.
Check if the given tradingview username is valid or not
Get the access details of given user to list of scripts identified by pub id.
Delete the access to given user to list of scripts identified by pub id.
Provide/Extend access to given user to list of scripts identified by pub id for specific duration.
🎲 Notes
Please follow house rules while publishing and selling subscriptions to invite only scripts.
Do not commercialize these API calls or do not turn it into product. The mechanism is built on backend calls that are not officially supported by tradingview. While tradingview is tolerant on individual use, any malicious activity may force them to shut this down for everyone.
We’ve Paid Over $25,000 To Our Creators and CodersOur vibrant community is not only for professional investors, everyday traders and Pine scripters, it’s also home to content creators who share their wisdom, experiences, and market insights. We love our content creators and that’s why we recently launched our first-ever community content rewards program that gives $100 cash to anyone who is selected to Editors’ Picks and Pine Script Picks .
Since the launch of our program, we’ve given out over $25,000 .
Yep - $25,000 to our best creators, contributors, and coders.
Because of the success of this program, we’ve decided to keep it going, and invite more of you to join our social network whether it’s for meeting other traders, growing a brand or sharing insightful content about financial markets. If you still don’t know how to use our social network, we have plenty of resources available:
👉 Our official Help Center documentation about our content program and more
👉 Familiarize yourself with these guidelines for crafting exceptional ideas
👉 And, of course, don't forget to revisit our House Rules!
For those of you who want to learn more about earning $100, don’t fret, as we also wrote out a few simple steps below to get you started:
Open a chart.
Click the Publish button in the top right-hand corner or the Pine Editor button at the bottom of the chart.
Write your idea or code your script (if you’re up for a challenge), and when you’re ready, publish it to our network.
Our network values creativity, deep research, and insightful content. Here are some recent examples to showcase what our network values: example 1 , example 2 , and example 3 .
If you’re lucky enough to be selected to Editors’ Picks, you’ll earn $100 at the end of the month. There are no limitations to how many times you can publish per week. For example, say you’re selected five times in a month - that means you’ll earn $500.
Congratulations to our Editors Pick Authors so far.
April Editors Pick Authors
@akikostas @Be_Capy @Bullfighterr @ChristopherDownie @dchua1969 @DeGRAM @Donfelice @EXCAVO @financialflagship @FOREXN1 @inspirante @JimHuangChicago @Julien_Eche @LeviathanCapital @LuxAlgo @LuxAlgo @MacrodesiacTim @Nico.Muselle @norok @Options360 @Pandorra @peacefulLizard50262 @PropNotes @QuantVue @SolCollector @SPY_Master @SPYvsGME @SquishTrade @tbiktag @timwest @Tradersweekly @transparent-fx @Trendoscope @VasilyTrader @Vestinda @WayanEko @WillSebastian @WyckoffMode
May Editors Pick Authors
@allanster @bitdoctor @ChristopherDownie @CMT_Association @djmad @dudebruhwhoa @EXCAVO @FOREXN1 @G_Foster @Goontata84 @HoanGhetti @inspirante @Investroy @kaigouthro @konhow @LeafAlgo @Mayfair_Ventures @mintdotfinance @neo_karma @norok @Options360 @peacefulLizard50262 @QuantVue @RicardoSantos @RLinda @ShaquanLopez @ShawnMCR @SquishTrade @Steversteves @sudoMode @This_Guhy @Timonrosso @timwest @tradeforopp @transparent-fx @Trendoscope @veryfid @WalterMoon
June Editors Pick Authors
@AfnanTAjuddin @aneekaguptaWTE @Be_Capy @BitcoinMacro @ChristopherDownie @Crypto4light @DeGRAM @fikira @financialflagship @FOREXN1 @fract @HL-TradingFX @Investroy @JakeWuMarketResearch @JimHuangChicago @kaigouthro @KarimSubhieh @Keeleytwj @Lingrid @LuxAlgo @MarthaStokesCMT-TechniTrader @Mayfair_Ventures @mintdotfinance @Money_Dictators @moonypto @Moshkelgosha @Nemo_Confidat @NinjaTradingServices @norok @QuantVue @SquishTrade @Steversteves @Sublime_Trading @the_sunship @TheTradingParrot @This_Guhy @Thomas_Zito @Timonrosso @tradeforopp @Tradersweekly @Trendoscope @Vestinda
July Editors Pick Authors
@Akil_Stokes @Amphibiantrading @aneekaguptaWTE @ARESABI @BluetonaFX @ChristopherCarrollSmith @ChristopherDownie @CryptoCheck- @DeGRAM @financialflagship @FOREXN1 @Honestcowboy @Ingwina @Intetics @JimHuangChicago @KioseffTrading @LeafAlgo @LordWrymouth @LuxAlgo @Options360 @optionsswing @PrepForProfit @propfirmalec @PukaCharts @RodCasilli @SquishTrade @Steversteves @StewySongs @the_sunship @This_Guhy @Timonrosso @Trendoscope @VasilyTrader
August Editors Pick Authors
@Akil_Stokes @anthonycrudele @BluetonaFX @Celestial-Eye @fikira @financialflagship @Gentleman-Goat @JimHuangChicago @joerivdpol @KioseffTrading @LeafAlgo @LuxAlgo @MarcPMarkets @MarthaStokesCMT-TechniTrader @Mayfair_Ventures @MikeMM @mikezaccardi @mintdotfinance @Moshkelgosha @MUQWISHI @MXWLL-Capital-Trading @optionfarmers @PropNotes @PukaCharts @RicardoSantos @rossgivens @sabricat @Steversteves @The_STA @timwest @Tradersweekly @tradingwithanthony @Trendoscope @Vestinda @Victoredbr @WillSebastian @without_worries @WyckoffMode
September Editors Pick Authors
@Akil_Stokes @Algo_Alert @algotraderdev @anthonycrudele @ATradeSniper @basictradingtv @blackcat1402 @BradMatheny @bryandowningqln @CME_Group @CMT_Association @Crypto4light @DeGRAM @ImmortalFreedom @Investroy @jason5480 @KioseffTrading @konhow @LeviathanCapital @Madrid @mintdotfinance @MoneyMantraCha @Moshkelgosha @Paul_Varcoe @PeterLBrandt @PropNotes @PukaCharts @sofex @SpyMasterTrades @Steversteves @stocktechbot @the_sunship @ThinkLogicAI @This_Guhy @timwest @TradeAndMeApp @Trendoscope @VasilyTrader @Vestinda @without_worries @Yaroslav_Krasko
One final note: If you think we’re missing your ideas or scripts, please drop a link to your work in the comments section below. Our team is always looking to meet new community members and read the outstanding content being created.
We look forward to seeing your content!
- Team TradingView
Market Sentiment and Trend Prediction System. Predictive Model. The codes listed below (free&easy;), detailed steps to follow for developing the event prediction system:
1. **Collecting Data**: we will need to gather data from various sources. We can use Python-based web scraping libraries like Beautiful Soup and Scrapy to extract data from news websites and social media platforms (scraping exports data from websites, it is safe and legal, but better contact website admins and ask for authorization)
2. **Cleaning and Preprocessing Data**: After collecting the data, we need to clean and preprocess it. We can use Python libraries like Pandas and NumPy to remove duplicates, missing values, and irrelevant information.
3. **Natural Language Processing**: Once the data is cleaned, we can use natural language processing (NLP) techniques to extract insights from the text data. For example, we can use the NLTK library to perform tokenization, stemming, and lemmatization on the text data.
4. **Model Building**: We can use machine learning algorithms like Random Forest, Gradient Boosted Trees, or Support Vector Machines (SVMs) to build predictive models. These models can help us predict the occurrence of an event or the sentiment associated with a specific topic.
5. **Dashboard and Visualization**: Finally, we can create an intuitive dashboard using tools like Tableau or Power BI to display the analyzed data in real-time. We can use interactive visualizations like bar graphs, pie charts, and heat maps to provide users with a clear understanding of the events and their impacts.
6. **Testing and Deployment**: Once the system is developed, we need to test it thoroughly to ensure that it is delivering the expected results. We can use various testing frameworks like pytest, unittest, or nosetests to automate the testing process. Once testing is completed, we can deploy the system to the production environment.
7. **Regular Maintenance and Updates**: We also need to ensure that the system is continuously monitored.
The codes :
Termux (the app is in playstore, github etc, to excute python files, or commands,for every step, some general commands and libraries that you might find useful:
1. Collecting Data:
- To install Scrapy, run `pip install scrapy`.
- To install Beautiful Soup, run `pip install beautifulsoup4`.
- To scrape data from a webpage using Scrapy, run `scrapy crawl `.
- To scrape data from a webpage using Beautiful Soup, use Python's built-in `urllib` or `requests` module to fetch the webpage's HTML. Then, use Beautiful Soup to parse the HTML and extract the relevant data.
2. Cleaning and Preprocessing Data:
- To install Pandas, run `pip install pandas`.
- To install NumPy, run `pip install numpy`.
- To remove duplicates, use Pandas' `drop_duplicates()` function.
- To remove missing values, use Pandas' `dropna()` function.
- To filter out irrelevant data, use Pandas' indexing functions like `loc` and `iloc`.
3. Natural Language Processing:
- To install NLTK, run `pip install nltk`.
- To perform tokenization, run `nltk.tokenize.word_tokenize(text)`.
- To perform stemming, run `nltk.stem.PorterStemmer().stem(word)`.
- To perform lemmatization, run `nltk.stem.WordNetLemmatizer().lemmatize(word)`.
4. Model Building:
- To install scikit-learn, run `pip install scikit-learn`.
- To instantiate a Random Forest classifier, run `from sklearn.ensemble import RandomForestClassifier; clf = RandomForestClassifier()`.
- To fit the model to the data, run `clf.fit(X_train, y_train)`, where `X_train` is the input data and `y_train` is the output labels.
- To use the model to make predictions, run `clf.predict(X_test)`.
5. Dashboard and Visualization:
- To install Tableau, follow the instructions on their website.
- To install Power BI, follow the instructions on their website.
- To create a bar graph in Python, use the `matplotlib` library: `import matplotlib.pyplot as plt; plt.bar(x, y); plt.show()`.
- To create a pie chart in Python, use `plt.pie(values, labels=labels); plt.show()`.
- To create a heat map in Python, use `sns.heatmap(data, cmap='coolwarm'); plt.show()` (assuming you have installed the Seaborn library).
These are general commands and libraries that you can use as a starting point. If you need me to explain how to use termux, let me know.
Trading IMX in a Ranging MarketLet’s see how you can trade IMX in a ranging market successfully!
What is ImmutableX IMX? ImmutableX IMX is the native cryptocurrency of the ImmutableX platform. ImmutableX is a layer-2 scaling solution for Ethereum, designed to offer fast and secure trading of non-fungible tokens (NFTs). ImmutableX uses the Ethereum network for security and settlement but offloads the heavy lifting of transaction processing and validation to its own layer-2 solution. ImmutableX aims to be the fastest and most secure way to trade NFTs on the Ethereum network.
IMX's performance in 2022: IMX has had a good year so far, increasing about 200% since the start of the year. However, it is currently caught between two levels, which makes it an excellent candidate for range trading.
Trading with the Relative Strength Index (RSI) indicator
The Relative Strength Index (RSI) indicator is a momentum oscillator that measures the speed and change of price movements. It is used to determine when an asset is overbought or oversold. The RSI is usually an excellent choice to use on coins that are ranging.
In this chart above, we traded with the RSI on the 1-Hour chart with the basic settings of Period 14, buy when the RSI is below 30 and sell when the RSI is above 70. This setup brought a profit of 89% since February 1st. This indicates that range trading with the RSI indicator can be a profitable strategy for IMX.
Disclaimer: Please take into account that the RSI works well when the market is ranging. When the market is in a downtrend, it will start working significantly worse.
Bottom Line: IMX showed significant growth in 2022, and is now ranging. The RSI indicator is a useful tool for trading IMX in its current-ranging market.
Safe OTM Call?I love OTM calls because I do not have a tone of money to invest and they are basically low risk & high reward. By low risk I mean you can only loose the small amount of money you put in while the return could be double or triple your money. Using TA software like tradingview & their algorithms/scripts created by TA geniuses has been my biggest success.
What is your favorite script? Comment below
Mine is Divergence+ which offers insanely accurate buy and sell signals based on divergence & also shows divergence in the form of a shadow.
The Kurotoga cloud is also one of my favorites because it shows an accurate support/resistance level. It is most accurate on higher time frames.
Check out this call for Restaurant Brands to hit $65 a share.
I'll let you do the analysis
Comment your thoughts below
UPDATE Retracement Levels Script: Finding Support and ResistanceI have updated my Retracements Level script to alert traders to long term Support and Resistance levels based on 50% Fibonacci levels. I think that this is a simple and highly valuable tool that every trader should have in their toolbox to identify key levels that price may respect.
In this video I go over the many uses:
-Long term levels for Entering and Exiting positions
-Multiple Timeframe Analysis
-Catching Catalyst events like Earnings
-Projecting Support and Resistance far into the future
EJ big move hits TP 🎯🏦💰Hello Traders
I understand it's always so easy to review a trade when it's played out and ran its course.
But this no lie when I say I forgot this one was even running until our script alerted me to take profit target being hit!
It's taken 10 days for the 170 pip move to land and how come I forgot about this trade?
Because our script is a simple trend follow strategy that presents trades on chart when all confluences are met.
At that point we simply enter the trade set the take profit value and stop loss value and let the trade play out.
This method of trading has removed all the negative emotions and anxiety that can occur with trading.
No temptations to cash profit out too early. No temptations to close too early if retraces happen.
We simply enter trades and follow, while sticking to our rigid trading plan.
The trading plan in question here is for EURJPY working the H1 chart.
I have the script set to a 1:4.5 risk to reward ratio working to a take profit with a tight stop loss.
Upon entering trades I have complete confidence the method is profitable due to the script having a built in strategy tester.
This strategy tester enables me to back test the desired method before hitting the markets.
Back tested data is the best indication we have as traders to how potential strategies could work.
The back test data for this pair can be found at the foot of this idea.
As you will see from the results which span back to January 2018 this has proven to be a very profitable pair.
This gives me great confidence to go forward and execute trades in this manner on the markets.
The data is based on a £500 starting capital with 1% risked per. You will see also win rates and draw down is also covered in the stats.
For any more information on the script I am using please feel free to drop me a message.
450+ Short on GBP/AUD using Force Vector Technology Beta RunForce Vector Technology
has an uncanny highly predictive nature where the interstitial buying and selling force vectors produce a resultant vector that points into the direction the market will move in the near future.
Potential short trade on GBP/AUD relief bounce off of the resistance wick. Strong downside momentum after relief bounce as indicated by a downward resultant force vector that can potentially produce about 450+ PIPS.
Common TradingView Mistakes and Friendly TipsIn this video idea, I share some common mistakes I see people make when looking at and interpreting strategies and indicators on TradingView that may impact their profitability when trading. I also share some helpful tips on how to avoid falling for other people's mistakes by getting sucked into public strategies that seem too good to be true, and also how to use some of the more undervalued features on TradingView to help improve your experience.
Indicator Script backtestingThese are backtest results for this indicator if converted to a strategy. It's kind of overpowered in my opinion(but not really) because look at the insane drawdown. Using a stop loss is something I'd rather not do because it eats away profits. My solution is to use the numbered candles in my previous post to better instruct the script on entries and exit.
Also, I will show you a perfect example of what this indicator visualizes.
Best Scripts of the Month — 2020.06We 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!
Time Range Statistics
alexgrover continues to mine time series for all they are worth. This script shows traders some key statistics for a symbol.
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BTC difficulty adjustments
BTC_JackSparrow uses Quandl data to show periodic BTC difficulty adjustments.
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Bayesian BBSMA Oscillator
tista builds a model calculating the probability of an eventual up/down movement.
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Binomial Option Pricing Model
We see more and more scripts dedicated to options trading. SegaRKO presents a method that works on more types of options than the Black-Scholes Model.
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Funamental and financials
sjakk mines a stock's fundamentals using the new `financial()` function and presents them in a usable format.
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VAMA Volume Adjusted Moving Average Function
A volume-adjusted moving average calculated using a technique by Richard Arm, brought to us by allanster .
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Hull Candles
Indicator designers are just beginning to scratch the surface of price representation on charts. BigBitsIO takes us further on that path with this well-designed take on candles using a very appropriate Hull MA to build and color them.
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Support Resistance MTF
LonesomeTheBlue provides S/R levels from a user-selected timeframe without using `security()` and displays them in a useful way.
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SwingArm ATR Trend Indicator
vsnfnd provides a trend-following trading system based on ATR.
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Trend Quality
kruskakli 's script uses MA states and their relative positions to derive an interesting take on the current state of the trend.
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Stochastic Weights - Basic
BigBitsIO introduces a Stoch indicator allowing the signal to be composed of weighed variations of the Stoch signal.
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Donchian HL Width - Cycle Information
RicardoSantos calculates the relationship between high/low and Donchian channels as a percentage, and uses that information to detect cycles.
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TF Segmented Linear Regression
alexgrover allows traders to see periodic linear regressions calculated from a user-selected timeframe.
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█ CODER UTILITIES
Periodic Ellipses
alexgrover comes up with the first Pine code we see that draws ellipses.
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Best Scripts of the Month — 2020.05This month, something great happened. We selected one script to be featured in this monthly list and, as usual, mentioned it in the script's comment section. The next day we received a report on the script from a watchful TV member, and the script's comment section soon lit up with questions as to why the script had been selected. Problem was that, unbeknownst to us, it was too closely inspired by a script from one of the platform's respected coders. It didn't take long for us to realize our error, and so we retracted.
What went on in that script's comment section made us proud to be part of this community, and it proves without a shadow of a doubt that we are not alone, that you are with us in this endeavor to help the best rise to the top, which also involves calling out what's inappropriate when needed. It also proves that if we err, as we occasionally inevitably will, you will be there to keep a watchful eye on our slips. It is an honor for us to participate in this with you all, and we are lucky to have you because you speak up when it's needed. Together, we can do a better job than any of us could alone. From the bottom of our hearts, thank to you all—and especially to those who disagreed openly with our decision on that script.
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!
Stochastic Heat Map
How information is presented can be as important as the information itself. You've probably never seen Stoch like Violent shows it here.
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Vortex MTF
melihtuna publishes an addition to the trend-identifier family with his MTF version of the Vortex indicator.
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Fancy Bollinger Bands
It's a rare thing when an Nth Bollinger Bands script adds something interesting to the classic indicator. BigBitsIO does it by providing different options to select different bar types and timeframes to source their calc, and a forecasting feature.
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RedK_Supply/Demand Volume Viewer v1
RedKTrader publishes a volume indicator where he uses the bar's structure to determine supply/demand volume.
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Separated Moving Average - evo
Selective moving averages can reveal new aspects of price action. That is exactly what EvoCrypto does here by calculating different averages for up and down bars.
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Function - Logistic Equation
The one and only Pine Maestro, RicardoSantos , gives us another one of his inventions, which models the changes in the relationship between price action and a measure of volatility.
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Correlation Cycle, CorrelationAngle, Market State - John Ehlers
Scripts with lots of options allowing them to be used in different ways empower traders. midtownsk8rguy presents us with a correlation script that gives the word "study" true meaning.
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US Fed Balance Sheet
NeoButane provides easy access to some of the US Fed assets available from Quandl.
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Mawreez' RSI Divergence Detector
Contrary to the typical RSI divergence indicator, Mawreez quantifies the magnitude of the divergences. We also appreciated the down-to-earth and cautionary tone of his presentation.
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Reminder Message (with color picker) - ApopheniaPays
There are many ways a Pine programmer can be useful to traders. ApopheniaPays finds a new one here.
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Revolution Volatility Bands With Range Contraction Signal VII
MitozLakin publishes a volatility indicator which identifies contractions, so points from which price can be expected to move.
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Correlation with P-Value & Confidence Interval
balipour brings correlation measurement to another level, adding an option on the calculation itself, but also putting a p-value and bands into play.
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Simplistic Automatic Growth Models
RicardoSantos calls his calculations "simplistic" ) While they aren't simplistic to us, we find them really interesting.
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ATR Based Trendlines - JD
If one coder can be associated to trendlines on TradingView, it's this creative man. In this script, Duyck draws trend lines using ATR.
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█ CODER UTILITIES
ALMA Function - Arnaud Legoux Moving Average
kurtsmock adds to the Pine coder toolbox by providing an ALMA function accepting a "series float" as its period.
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Statistical Histogram with configurable bins and Data Window
Hook up any source to this script and a.tesla2018 a.tesla2018 will show you a histogram of its distribution.
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security free MTF example - JD
Duyck shows how to gather HTF OHLC values without using `security()`. The technique used has the advantage of providing `high` and `low` values instantly, as they develop through the HTF's dilation of chart bars, so your script will be getting values faster than with `security()`, with the compromise that their values will update during the HTF bar, both on historical and the realtime chart bars. Far from invalidating the technique used, this method suits many HTF calcs perfectly. It's just a matter for script designers to decide if using repainting data corresponds to the requirements of their calculations. Note that unlike `security()` calls that cheat by using future data using `lookahead=barmerge.lookahead_on` and no offset of 1 on the series, Duyck's code will never use future data.
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As i Told Yesterday see Market Will go Down to $9350 But!!! See as Per Suggestion Market is Very Confused Right Now.. As I dont want anyone To Trade Because It Will. Be Tremendous Move Now From. Here no Matter If its down or Up.. But it will..
As Per My last Chart Market Retracted back to Below $9400 As expected But itsnot Mean We are in under of Control of Bears..
As Per the Situation Market Has To Make Great Mobe From. Here like if its close today candle above $9850 Then We might can see the FOMO again for Really But As per the volume. And. analysis Market is stable in the Level of 9450 to 9550 ....
Big Manipulation is On the way By the players or Exchanges.. So Better Stay watch Dont Try to Involve
Sit Relax and Watch Will happen Because something is Marter than Nothing.. So dont be Greedy at this Time else u might loose all What you have...
Hopw You like My Idea If yes then Please Like it and Follow My User...
Thank You very Much ❤
Best Scripts of the Month — 2020.03We 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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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 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 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.
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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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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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Best Scripts of the Month — 2020.02We 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.
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!
Bias And Sentiment Strength (BASS) Indicator by mattzab
mattzab superimposes a few different signals to get a composite view of sentiment.
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Volume Scale by Price (VSP)
inno14 gives us his take on volume by price using line drawings.
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Price Convergence
nickbarcomb publishes a script that visually reveals the price discovery process, and if price is moving away or converging from equilibrium.
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Market EKG
KingThies_ creates a measure of volatility using a close proximity evaluation of price deltas.
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Zahorchak Measure
DreamsDefined gives us a an original measure of bias: The Zahorchak Measure (ZM) is designed to give you a market bias (either uptrend or downtrend) which you can use to determine a trade bias for ETF's or stocks.
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Emulating binary operations and several values in one variable
MichelT publishes a multiplexing/demultiplexing method to pack more data in a signal to be used when one script needs to send information to another one through a single external input.
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Mean Deviation Index
lejmer uses ATR and an EMA to derive an index combining volatility and mean deviation.
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Laguerre RSI
KivancOzbilgic runs RSI through a Laguerre filter.
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Relative Strength(RSMK) + Perks - Markos Katsanos
midtownsk8rguy gives us a version of Katsanos' Relative Strength, packaged with his usual tight code and impeccable visuals. It also contains his version of `ema()` accepting a float as its period.
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Get a value from N years ago
MichelT comes up with another one of his ingenious pieces of code to find information from n years ago.
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Divergence for many indicator v3
LonesomeTheBlue brings us a Swiss Army knife divergence detector capable of showing on the chart divergences detected on 10 different indicators.
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Renko RSI
LonesomeTheBlue also published a few scripts using Renko information but running on normal charts, including this Renko RSI.
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SMU STDEV Candles
stockmarketupdate comes up with a novel way to represent volatility by building candles on stdev of OHLC.
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Setup
e2e4mfck gives us a lesson in the masterly presentation of visual information with his Tom Demark Setup script. He also contributes a crazy-complex and beautifully crafted open-source script to the community.
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Earnings, Splits, Dividends
MichelT shows the new syntax required to access selected financials in Pine, as opposed to using the Financials available on the chart.
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OBV Traffic Lights
lejmer calculates an OBV using Heikin Ashi prices (independently of the type of chart you are on) and presents the information in a more visually appealing way.
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Reversal finder
NS91 makes an attempt to identify potential reversals, and contrary to authors of many such scripts, plots them in realtime without using a negative offset into the past.
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Dekidaka-Ashi - Candles And Volume Teaming Up (Again)
alexgrover 's mind is like a volcano in constant activity. This time he combines price and volume action into a new type of candle.
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Linear Continuation
nickbarcomb shows projections into the future of 3 MAs.
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RSI direction bias - JD
Duyck , one of TradingView's most creative authors, creates an RSI bias indicator by focusing on its behavior in the center area rather than in extremes.
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CLAM indicator is revealing support and resistance levels.Heikin Ashi candles work best with the Candle Length Average Multi-timeframe (CLAM) indicator. When CLAM diverges after major moves, it means a support or resistance level has been hit and prices are stuck or trending away. Divergence can go on for days. CLAM merely shows where prices should be going if the previous trend is in continuation. If the long-term trend is continuing, candlesticks will generally line up with CLAM and keep returning to it like a mean or average. Divergence, then, depending on how long it goes on and if it does not snap back, could be signaling a new trend developing in the direction away from CLAM.
But when there is a large divergence like today, CLAM stops tracking and predicting prices accurately, which can be a concern. Simply flip chart upside down and line it up with the price again. Then CLAM starts tracking price again and also emulates support and resistance levels as shown here. When (or if) price converges again (diverges from CLAM in the flipped chart), it could mean the underlying is done rolling over and is rolling back, and so we can flip the chart back upright. Price action may be seen to flip back and forth more frequently on smaller timeframes.
It could look like a slow run with the bullsWe haven't reached a signal from the script yet but all the oscillators seems to be turning into a bull direction. If we keep this movement we should be able to reach a buy signal around 11k.
Hang in there and wait for the signal! :)
>> SCRIPT UPDATE <<
A major improvement have been added to my script which means we still keep the 100% accuracy on BTC and have increased the total profit by getting more trades and being able to get the signals earlier. Additionally the script also works fairly well with ETH and LTC now.
Check out the release notes on the script and join in if you find it interesting - everyone is offered a 15 days trail. :)
FYI - there are still some spots left for the limted time offer!
BTC trades. Simple idea 40% profitHi guys. I'm a software developer with 15+ years of experience. Last three years I'm working with the financial sector.
My friend gives me advise to share some of my scripts and strategies with the community.
As a software developer, I love KISS principle. So all of my ideas trying to be very simple and efficient.
This is my first published script. It helps to visualize trend zones and make the right decision of incoming signals from any other strategies and indicators. As an example here I filter RSI buy signals to make 40% month profit on the very risky market.
Please let me know if you are interested in such scripts and explanations. I'm open for criticisms.
Week in Review: Chipper CodersFirst Off
If you enjoy these weekly publications and would like to keep up-to-date with the latest and greatest scripts, share this article and follow me on TradingView.
*sigh*
The TradingView community has been, unfortunately for me, very busy this week publishing useful indicators. Due to this, it wouldn’t be right to just glaze over everyone, so this week will be a little extended, taking a slightly deeper look at some of the work published and by who it’s published. I’ll still focus in on the coder that has, in my opinion, done the highest quality work. That aside, there’s no order.
Water, Water, All Around...
Someone (or some people) that’s no stranger to TradingView is BacktestRookies , who’s articles on their website have helped many budding Pine scripters. This week they published an indicator called “Volume Profile:Intra-bar Volume”. Through a function to loop, it looks at the close of lower timeframes and stores the volume as buying volume if the lower timeframe candle closed up, or selling volume if it closed down. This is as close as we can get to identifying volume flow imbalances without order flow data, but it’s not quite there (through no fault of its own). One issue I noticed was that during the current chart’s period the volume bars will stop updating volume and will only render it properly when current chart’s period finishes. This makes it difficult to use it within a trading system (as far as I can see)
Sticking with volume, mjslabosz has created “Volume+ (RVOL/Alerts)”, which is a relative volume indicator. Relatively simple, but highly applicable in volume studies. mjslabosz has also allowed the user to select what criteria needs to be met for the volume bars to be highlighted. No doubt this will be a useful addition to many people’s ideas.
Spiralman666’s “ETH HawkEye Aggregated Volume Indicator” takes NeoButane’s “Aggregated ETH Exchange Volume” and combines it with LazyBear’s “HawkEye Volume Clone Indicator”. This will give you an in-depth yet holistic overview of Ethereum’s volume. The concept can be extrapolated to other assets for volume analysis strategies.
… And Not A Drop To Drink
One issue I have with many reversal identification scripts is that they identify the conditions for a reversal as an instance as opposed to a zone or area. LonesomeTheBlues “Divergences for many indicators V2.0” attempts to rectify this by plotting reversal conditions as a line from one point to another, thereby giving you a zone/area from within which to take reversal trades should other conditions be met. The user has the option to choose from a range of indicators with which to identify reversals.
Lines In The Sky
Another familiar face to TradingView, and someone who constantly brings something new to the community, is alexgrover . This week he published a “Light LSMA” script. Rather than try and rehash the brilliant explanation he gave on it’s construction, I encourage you to visit his profile and view the trove of high-quality work he’s provided.
Peter_O’s “EMA NoHesi - cutting noise in EMA and any other data signals” (rolls of the tongue, eh?) is a function to remove noise from indicators that use lines, like MA’s, RSI, MACD etc. The function will guide the line in the same direction unless there is a significant change is the price. The script could be improved to automatically calculate the hesitation value based off what asset you’re trading, but that doesn’t take much away from it.
The “Multi Timeframe Rolling BitMEX Liquidation Levels” by cubantobacco allows users to gain insight into where a lot of liquidation may lie for BitMEX and where price may have to go to keep cascading in that direction. Combining this with some kind of sentiment index for Bitcoin can give great insight into what levels will cause huge reactions. In general the TradingView community can’t seem to get enough of tools for trading on BitMEX, so I’m sure this will see use.
Last of the lines, shtcoinr’s “The Center”, which was inspired by half a sentence from Adam H. Grimes, takes the high and low of the higher timeframe, divides it by half and then plots the halfway line. The result is a line that hints at the prevailing trend, can act as a momentum indication (by measuring the distance of the line from the price) and acts as a line of support and resistance.
Busy Bees
Two people were very active in producing high-quality work this week. The first I’ll mention is RafaelZioni (who’s been included in the previous two articles). He’s published five scripts this week, with one of them being a simple “5 min volume scalper” with alertconditions() that buy and sell based off volume activity. Another script with alertconditions() for buying and selling is his “Keltner Channel signals”, which is just an alteration of puppytherapys “Keltner Channel - APEX”. It also includes support and resistance levels. “linear regression new” and “BollingerRS” apply the same concept, with “linear regression new” being an attempt to render a linear regression channel (something that TradingView should really provide for us, along with the volume profile formula). Last but not least is RafaelZioni’s “Linear regression slope as SAR”, which is a creative alteration to the standard PSAR.
The other busy bee this week was xkavalis , who published three interesting scripts. The first was “Dynamic Price Channels”, which divides the price action into equal channels. When I first seen it I thought that maybe it could be a component for a volume profile overlay (combined with some other features). The “Manual Backtest Lines” can be used within another indicator for replaying price action and results. (He’s actually looking for a fix for a couple of issues, so if you think you can help him out, shoot him a message). “ATR SL Visualization (on chart)” plots appropriate stoplosses and take-profits for each bar (should you enter a trade on that bar) automatically and is, yet again, another script that would be a useful component within a strategy.
Expect More of the Same
The user I’ll be focusing on this week is dasanc , someone who’s been focused on in the past. It’s difficult not to shine the spotlight on him when he’s pumping out truly empowering ideas.
Last week dasanc published “Decent Martingale Strategy ”, which was inspired from a script with a similar name by RicardoSantos . Although it’s not ready for use in trading, it gives good insight into how to code strategies (although until TradingView’s backtester is suped up a little, backtesting doesn’t really mean anything in most cases, so don’t get too excited at those results)
The “Signal to Noise Ratio [SNR}” by dasanc gives traders confidence that the signal being fired isn’t just a stray note in a noisy market, but a meaningful one.
Keeping with Ehlers, dasanc has also published the “MESA Adaptive Moving Average”, which, rather than being a copy of the indicator, is, as dasanc puts it, a translation. His iteration seems to signal a period earlier than other versions without introducing any lag, due to how it’s calculated.
Following from the “Interquartile IFM” and the “Cosine IFM”, we now have the last of Ehlers IFM bunch, the “Robust Cycle Measurement”. This is similar to it’s cousins in that it outputs an adaptive period, but the output of this script is usually higher than it’s two cousins. I’ll definitely be including it in some of my future creations.
Last but certainly not least is dasanc’s “Multi-Instantaneous Frequency Measurement”, which is a script combining all three of the IFM’s that have been published, as well as the Hilbert Transform.
Quick Mention
I would just like to give nilux a shout-out for turning more than a handful of studies into their strategy counterparts. A lot of people seem to have trouble wielding the power of strategies and I’m sure many would learn something from studying his.
Also, look at this almost-2000 line script that shtcoinr called “... longer than the bible”:
Want to learn?
If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com
The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources.
Suggestions or Questions?
Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open.
Profile’s of Mentioned
Dasanc: www.tradingview.com
RafaelZioni: www.tradingview.com
xkavalis: www.tradingview.com
nilux: www.tradingview.com
Spriralman666: www.tradingview.com
shtcoinr: www.tradingview.com
BacktestRookies: www.tradingview.com
alexgrover: www.tradingview.com
Peter_O: www.tradingview.com
TheViciousVB: www.tradingview.com
cubantobacco: www.tradingview.com
LonesomeTheBlue: www.tradingview.com
mjslabosz: www.tradingview.com