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signalLib_yashgode9Signal Generation Library = "signalLib_yashgode9" This library, named "signalLib_yashgode9", is designed to generate buy and sell signals based on the price action of a financial instrument. It utilizes various technical indicators and parameters to determine the market direction and provide actionable signals for traders. Key Features:- 1.Trend Direction Identification: The library calculates the trend direction by comparing the number of bars since the highest and lowest prices within a specified depth. This allows the library to determine the overall market direction, whether it's bullish or bearish. 2.Dynamic Price Tracking: The library maintains two chart points, zee1 and zee2, which dynamically track the price levels based on the identified market direction. These points serve as reference levels for generating buy and sell signals. 3.Customizable Parameters: The library allows users to adjust several parameters, including the depth of the price analysis, the deviation threshold, and the number of bars to consider for the trend direction. This flexibility enables users to fine-tune the library's behavior to suit their trading strategies. 4.Visual Representation: The library provides a visual representation of the buy and sell signals by drawing a line between the zee1 and zee2 chart points. The line's color changes based on the identified market direction, with red indicating a bearish signal and green indicating a bullish signal. Usage and Integration: To use this library, you can call the "signalLib_yashgode9" function and pass in the necessary parameters, such as the lower and higher prices, the depth of the analysis, the deviation threshold, and the number of bars to consider for the trend direction. The function will return the direction of the market (1 for bullish, -1 for bearish), as well as the zee1 and zee2 chart points.You can then use these values to generate buy and sell signals in your trading strategy. For example, you could use the direction value to determine when to enter or exit a trade, and the zee1 and zee2 chart points to set stop-loss or take-profit levels. Potential Use Cases: This library can be particularly useful for traders who: 1.Trend-following Strategies: The library's ability to identify the market direction can be beneficial for traders who employ trend-following strategies, as it can help them identify the dominant trend and time their entries and exits accordingly. 2.Swing Trading: The dynamic price tracking provided by the zee1 and zee2 chart points can be useful for swing traders, who aim to capture medium-term price movements. 3.Automated Trading Systems: The library's functionality can be integrated into automated trading systems, allowing for the development of more sophisticated and rule-based trading strategies. 4.Educational Purposes: The library can also be used for educational purposes, as it provides a clear and concise way to demonstrate the application of technical analysis concepts in a trading context. Important Notice:- This library effectively work on timeframe of 5-minute and 15-minute.
Pine Script™ library
by yashgode9
7
Line Colorizer - DurbtradeThe Line Colorizer is a simple indicator that can plot up/down-colorized lines for up to 10 unique individual sources! Plot up/down colors are based on whether the current value is above or below the previous value. Also included is a separate color for when the current value is equal to the previous value. All colors can be modified, along with the plot styles. -------------------------------------------- -------------------------------------------- Here is the Inputs tab of the Settings menu : As you can see, you can plot a colorized line of up to 10 individual sources! Checking the checkbox turns on that particular colorized plot, and clicking on the drop down menu allows you select the source for that plot. The plot styles, up/equal/down colors, and opacities are customizable under the Style tab within the Settings menu : Overall, it is pretty easy to use. -------------------------------------------- Let's look at some examples of the Line Colorizer being used... Colorize a basic Bollinger Bands indicator : Want to colorize 3 EMA's? Go for it : Spice up the standard MACD salad : Customize the colors of your RSI's : Try using the Line Colorizer on all of your favorite indicators. -------------------------------------------- Script Stats : Pinescript Version : 5 Code Length : 44 Lines Max Unique Input Sources : 10 Max Visible Plots : 10 Total Colors/Opacities : 30 -------------------------------------------- Tips : Typically you will want this indicator to be on a layer above (in front of) the source plot layer. Stay mindful of line thicknesses, and whether the original source plot is still visible or not. The final output of the colorized plots are drawn in numerical order, so, Colorized Source #1 is drawn first, and will appear below Colorized Source #2 on the chart... and so on, with Colorized Source #10 being drawn last, at the very top. Final Thoughts : I like having this indicator. The idea and script is simple, and the indicator is practical. It's one method of easily separating some of the aspects of color from your favorite indicators and scripts, and then customizing those aspects to your liking. Especially practical for those who do not want to learn about writing their own scripts. I think that this indicator can be a useful tool in the shed, used for customizing the visuals of multiple unique sources that are all on the same price/value scale. It can help increase chart clarity and/or detail... whether using it on top of a main chart that is simple, or on top of a standalone indicator that is crowded with oscillating information. I hope that you enjoy it and find it useful! - Please feel free to comment your thoughts, critiques, or suggestions. They are all very helpful! - Also, please feel free to comment any positive feedback, or awesome screencaps/ideas of the indicator in action! - Check out my other Pinescript indicators if you like this one... they work well together. - May your trades be successful! -------------------------------------------- // Durbtrade
Pine Script™ indicator
by Durbtrade
1
Support & Resistance With Breakout & RetestIntro The Breakout Retest Indicator is a valuable tool utilized to confirm the occurrence of a proper breakout so you know when to enter on a retest. It analyses the price movement of an asset and identifies a breakout when the price level surpasses the inputted support and resistance values. Conditions The indicator operates based on simple yet reliable conditions. Once a candle closes above or below the specified line, the next candle's closure above or below without touching the high or low levels confirms the breakout. The indicator subsequently changes its color, signaling a long or short position. Upon retesting, it reverts to its original color. Need Your Help I am sharing this indicator to solicit your input in improving it. As a committed developer, I have ambitious plans for enhancing the indicator's functionality. To that end, I welcome your suggestions and ideas to build indicators that can contribute to the success of people's strategies. Future Ideas Some of the potential improvements that I plan to incorporate include the implementation of zones. Users will be able to define zones that require breaking above or below for a confirmed breakout. Additionally, a volume check will provide additional confirmation by evaluating the volume level relative to the breakout. Lastly, close above or below feature will ensure that a certain number of ticks, percentage, or price level has been breached to confirm the breakout.
Pine Script™ indicator
by TheHippieTrader
2
Color Changing Moving Average Hello everybody! I'm not much of a coder but I do make indicators for myself for fun sometimes and found this one super cool. Hope it helps! Basically it's a moving average that changes colors based on the trend. How does it do it, you may ask? Simply put, it checks and makes sure that the open and close price is above the moving average, then it checks and sees if the 50-period RSI (length adjustable) is above 50. If both conditions are met, the moving average turns green. Simple as that. If the price is below the moving average and the RSI is below 50, the moving average turns red. If the price is above the moving average but the RSI is below 50, the line is grey and I advise to simply waiting for the trend direction to be decided. Likewise, if the price is below the moving average, but the RSI is above 50, the line is also grey. This is NOT a comprehensive system, and the changing color of the moving average does not indicate a buy or sell signal. It simply indicates that the price is trending. You should use your own entry and exit strategy, such as the MACD, Wave Trend, Schaff Trend Cycle, etc. As well, I would recommend waiting for confirmation of a trend change when the color changes, since in a range price can cross multiple times before deciding on the right direction. The slope of the moving average can help too, since in a range the moving average is typically flat. I would recommend using a fixed risk to reward ratio, to limit emotions. But, this would also help with a trend-following strategy due to the trend filter functionality. The length of the moving average is adjustable, as well as the RSI period- though I wouldn't recommend selecting an RSI lower than 30 because it will whipsaw more. Disabling the EMA option will give you an SMA that does the same thing as the EMA. You can also disable the RSI filter and simply have a moving average that changes color when the price is above/below- but that's pretty boring, huh? Anyways, hope this helps, happy trading everybody :)
Pine Script™ indicator
by zathura643
17
TKP RSI BAR COLORThis script was influenced by Scilentor's- "RSI Bar Colors / Scilentor". I improved upon the Idea by adding the ability to change the full range of RSI (Between 0 through 100) to any color you want within 5 point increments. Traditional use of RSI is to use it as an "Overbought" and "Oversold" indicator. A more uncommon/unknown use, especially among new traders, is to use is as a "Momentum" indicator. I personally like to look for stocks where RSI>50 Default settings are set to color all bars red when below 50, and white when above 50, but try for your self setting different colors above 70, and below 30 to better see overbought and oversold conditions. I got a lot of requests for this script and I hope it helps you in your trading journey :-)
Pine Script™ indicator
by RolandoSantos
10
SadLittleThings Price Compare With Offset MTF by RRBSadLittleThings Price Compare With Offset MTF by RagingRocketBull 2018 Version 1.0 This indicator lets you compare multiple assets across different timeframes, supports offsets and alpha multipliers. Standard TradingView Compare doesn't have Offset/Timeframe/Multiplier options, hence this indicator. Features: - compare current asset's price with 2 custom ext OHLC sources - plot sources as lines/bars/candles - use offset: - for lines - both positive/negative offsets, unlimited - for bars/candles - only positive offsets <= 5000 - specify timeframe for each source - uses timeframe textbox instead of input resolution dropdown to allow for 240 120 and other custom TFs - support for timeframes in H: H, 2H, 4H etc - show/hide sources - colorize sources - convert source price to 1000s, mlns, or blns using alpha multiplier - total bars counter Notes on using offsets: - Max offset is defined by study max_bars_back which is limited to 5000 for free accounts. This variable specifies the number of history bars an indicator can access. - if you see the 'internal server study error' => one of the indexes of ohlc series is out of bounds (i.e. close ) => decrease the offset <= 5000 or switch to line type - you will be limited only by the total number of bars in history (n) +/- 1 full screen of empty bars - you can't scroll past the beginning of history - 1 empty screen and past the end of history + 1 empty screen to be able to still see the line with applied offset - before applying a large offset, scroll back long enough to make sure you have enough history loaded - if you have a long history the indicator will get slower, its UI less responsive. Reloading the page may fix that. - you will not see source's history past the beginning of the current asset - open the chart with the longest history first (i.e. BLX, not COINBASE) - Make sure that the Left Price Scale shows up with Auto Fit Data enabled. You can reattach the indicator to a different scale in Style. - you may not be able to plot intraday TFs < current TF, because free accounts are limited to TFs >= D1 (i.e. D, 2D, 3D, W), but you can still plot, say, H4+ on a lower TF H1 chart 1. uses plot*, security, change
Pine Script™ indicator
by RagingRocketBull
1