OPEN-SOURCE SCRIPT
SMU Quantum Thermo Balls
Updated
This script is the enhanced version of Market Thermometer with one difference. This one has Quantum Thermo balls shooting out of the thermometer tube when overheated. Quantum psychology, Quantum observation, call it what you like
My scripts are designed to beat ALGO, so the behavior of indicators is not like traditional indicators. Don't try to overthink it and compare it to other established functions.
If you knew ALGo as much as I do, then you would also ditch old indicators and design your own weird scripts to match the ALGO's personality. Oh yes, each AlGo for each stock has its own programming personality. Most my scripts are tuned to beat SPX ALGO meniac
Enjoy and think outside the box, the only way to beat the ALGO
My scripts are designed to beat ALGO, so the behavior of indicators is not like traditional indicators. Don't try to overthink it and compare it to other established functions.
If you knew ALGo as much as I do, then you would also ditch old indicators and design your own weird scripts to match the ALGO's personality. Oh yes, each AlGo for each stock has its own programming personality. Most my scripts are tuned to beat SPX ALGO meniac
Enjoy and think outside the box, the only way to beat the ALGO
Release Notes
Minor update to display of percentages to compare all changes (highets, Lowest, and target Thermoball with Close. So you can see the effect of price change in respect to previous High and Low. Also changes the Thermo balls name to Target as it is a leading indicator showing where price goes next so you can adjust your trade accordingly. Let me know if I can add any useful signal to this script so we can keep it evolving.
Release Notes
Changes the % change for the close to show the actual close changeRelease Notes
I like this indicator and using it so much that I'll continue to update it to make it more accurate. Hence, lots of update.Adjusted the distances and input value for labels distance. Mostly cosmetic and code clean up to work faster. I'm planning to add more references from previous price movements because I realised, as a trader I need to make very quick decision and need to see full picture very quickly. Essentially I'm using this script for live trading and making changes to make more profit faster and avoid making guesses or miss something
Release Notes
Updated adding a customised watch list of long short stocks and index I trade. You can change the watch list from the script menu. reason being, I want to keep an eye on my watchlist in different time frame at the same time. So when you change the time period, the watchlist time period changes. In TV watchlist you only see daily. So it is nifty future.Enjoy
Release Notes
Mahjoe upgrade of to add watchlist, a simple portfolio tracker and customised Fib levels. The watch takes one or two seconds to load because I'm using the chart for multiple functions. Release Notes
Agile iteration 8. I'm releasing new features via agile iterative process to publish the new features fast. This release allows to turn off the watchlist and portfolio in case you don't want to see it all the time. Hiding items in Pine scripts is not easy as it does not allow calling a public function under a conditional statement. So I had to write private functions to get around it.Enjoy
Release Notes
Added Ability to hide all visual labels and indicators so the only visible item would the Thermo balls for pure analysis Enjoy
Release Notes
Minor updates. I set all parameters to false other than the thermo balls to speed up the loading. So you can control Fibonacci, Labels, watchlist, and the portfolio. Portfolio part is the best feature as TV doesn't support it.I prefer just to watch the thermo ball as it is the Leading Indicator.
Release Notes
Minor adjustment to watch listRelease Notes
Minor updates to add my actual trading volume so I don't have to keep update it. Release Notes
I'll be freezing further development since the script is stable and in top shape. Good news is I'm working on another concept that takes this script to the whole new level.Release Notes
Increased the accuracy for lower time frames and responsiveness for an increased volatility. Please watch the video instructions as this indicator is kind of dynamic and very different than normal indicators. Run this with your stock and see how thermoballs behaved in the past and during live trading. Once you figured out the behaviour, the only thing you need to see is where are the thermoballs and go from there. Unlike traditional indicators my scripts respond differently to different index. So it is dynamic and adoptive and changes day by day.
Another reason, is ALGO knows about all indicators but it doesn't know about my new breadth of indicators so I have an advantage over ALGO
Release Notes
The evolution of my favorite and most effective predictive script Quantum Themoballs has leaped to a whole new level. I'm working on a concept to predict price range for shorter time frames like 15 minutes, 30 and so on that I release laterIn this version had to add a brand new features that brings a twin Thermoball form the past to increase the accuracy. Since this a base feature for further work, Im releasing it into TV. If you want to experiment with it increase the input "Back To The Future" and see the magic unfold.
Made other minor adjustments and fine thinnings based on live demo feedbacks.
Enjoy
Release Notes
This is the final release version of my favourite Quantum Thermo Balls (QTB)I have simplified the settings based on your comments.
I'm working on a brand new concept based on my learning of how QTB works.
Here is the best answer I can give you about QTB based FAQ I received.
Quantum Thermo balls (QTB) script is a next generation of predictive trading dashboard that I designed based on my trading (BEARISH) style.
Quantum Thermo balls (QTB) is not an indicator but a trading system customised to suit different trading style.
QTB has predictive indicators Termo Balls (TB) as well as watch list, index tracking, customised Fibonacci to create a unique rich dashboard like system to make entry and exit decision faster
Release Notes
Since I'm taking my time with the latest QTB supercharged version, I updated the current version so you can use it fasterSimplified the QTB script to respond faster, removing the watch list.
I recommend using my latest Market Window script that is much better than the old version on this script.
I had to separate the watchlist and make it stand alone as it was affecting the QTB main engine speed.
Enjoy.
Release Notes
Simplified the script, code clean up based user feedbackOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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