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Cycle Channel Oscillator [LazyBear]Here's an oscillator derived from my previous script, Cycle Channel Clone (). There are 2 oscillator plots - fast & slow. Fast plot shows the price location with in the medium term channel, while slow plot shows the location of short term midline of cycle channel with respect to medium term channel. Usage of this is similar to %b oscillator. The slow plot can be considered as the signal line. Bar colors can be enabled via options page. When short plot is above 1.0 or below 0, they are marked purple (both histo and the bar color) to highlight the extreme condition. This makes use of the default 10/30 values of Cycle Channel, but may need tuning for your instrument. More info: List of my free indicators: bit.ly List of my app-store indicators: blog.tradingview.com (More info: bit.ly)
Pine Script™ indicator
by LazyBear
9
Wave Channel 3D Wave Channel 3D Built by Ricardo idea from JR & Aloakdutt from indieTrades Jan. 2010 This indicator is very easy to build. We utilize Moving Averages with a set multiplier and an offset. Specially we try to use Fibonacci sequence series numbers (1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144...) as time space and multiplier (default 89, 8). Also included is Donchian Channel to locate strong trends and possible future support - resistance. Examples of support/resistance on chart. Dominant Price Trends Future Support Resistance Comparing Fibonacci Series Time Space - Multiplier When Comparing make note of confluence support/resistance showing up with Fibonacci Series Example uses DC When Comparing make note of confluence support/resistance showing up with Fibonacci Series Example without DC / Smooth MA
Pine Script™ indicator
by QuantitativeExhaustion
16
3 projection Indicators - PBands, PO & PBAll these indicators are by Mel Widner. Projection Bands : ------------------------------------------------------- These project market data along the trend with the maxima and minima of the projections defining the band. The method provides a way to signal potential direction changes relative to the trend. Usage is like any other trading band. Projection Oscillator : ------------------------------------------------------- This indicates the relative position of price with in the bands. It fluctuates between the values 0 to 100. You can configure the "basis" to make it oscillate around a specific value (for ex., basis=50 will make it oscillate between +50 and -50). EMA of PO (length configurable, default is 5) is plotted as a signal line. There is also an option to plot the difference (oscillator - signal), just like MACD histogram. When you see a divergence in this oscillator, remember that it just indicates a potential movement with in the band (for ex., a bullish divergence shown may cause the price to cross the median and move up to the top band). Projection Bandwidth : ------------------------------------------------------- This shows the % width of the projection bands. A trend reversal is signaled by a high value. Low value may indicate the start of a new trend. This is also a trend strength indicator. More info: drive.google.com Borrowed the color theme for this chart from @liw0. Thanks :)
Pine Script™ indicator
by LazyBear
9
Indicator: Custom COG channelThis is my custom channel (Bear Channel!? :)) derived from BB/STARC. It uses both ATR/STDEV for plotting the bounds. I use COG (Center of Gravity) for deriving the baseline. This enables it to track the price action better than many other channels that make use of MAs or simply "close". Indicator also marks "squeezes" (stdev bands come inside ATR bands). Pay attention to these, as these usually indicate a move. I am still exploring this indicator on different BTCUSD time frames, would love to hear your feedback / setups for other instruments. Code for this indicator: pastebin.com Code for COG fibs I mentioned in the comments: pastebin.com
Pine Script™ indicator
by LazyBear
55