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Criptocurrency

Output7The "Output7" indicator is designed to guide traders in identifying potential buy and sell signals. This is achieved through the calculation of a custom indicator named `output7` and its derived moving averages. `output7` is defined as `c_1 - c_20 * (ohlcSq / hlSq)`. Here, `ohlcSq` stands for the square of the average of open, high, low, and close prices, while `hlSq` signifies the square of the average of high and low prices. `c_20` and `c_1` correspond to the closing price 20 periods ago and the current closing price, respectively. **Interpreting the Indicator:** **1. Support and Resistance**: This indicator calculates the support and resistance levels for the `output7` over a predefined lookback period. These levels are essential in the identification of potential price reversals in the market. When the `output7` line approaches or crosses these levels, it may suggest significant market shifts. **2. Moving Averages of `output7`**: The indicator also generates short-term (5 periods by default) and long-term (10 periods by default) simple moving averages (SMAs) of the `output7` value. These SMAs can be helpful in determining market trends. When the short-term SMA lies above the long-term SMA, it indicates an upward trend. Conversely, when it falls below, it suggests a downward trend. **3. Buy and Sell Signals**: The Output7 indicator generates two types of buy and sell signals based on the crossover of different moving averages. Yellow signals are produced when the simple moving average of close prices (7 periods by default) crosses the exponential moving average of close prices (14 periods by default). The blue signals are generated when the short-term SMA of `output7` crosses the long-term SMA of `output7`. It is important to note that like all technical analysis tools, the Output7 indicator should not be used in isolation. Instead, it should be combined with other forms of analysis and indicators to validate its signals and minimize the likelihood of false signals. Factors such as the overall market trend, price patterns, volume, and fundamental analysis can provide additional context to the signals provided by the Output7 indicator. The interpretation of these signals should align with a trader's overall trading strategy, risk tolerance, and financial goals. And finally. If you discover something else regarding this indicator. Please let me know in the comment section.
Pine Script™ indicator
by jensenvilhelm
RSI PRO+ [APIDEVS]TRADITIONAL RSI The RSI (Relative Strength Index) is an oscillator-type indicator used by traders who perform technical analysis to estimate the status of overbought or oversold of an asset on the stock market. This tool gives the trader the advantage of comparing supply and demand (buying and selling), therefore, we must take into account the following interpretation for its use.  If the buy and sell index are equal, the indicator takes a percentage value of 50, which indicates that the relative forces are in equity.  As its value is over 50%, it indicates that the buyer interest is higher than the seller.  When it is less than 50%, then we must know that the selling force is greater.  It also indicates that when the RSI is above 70 on the oscillator, the price is oversold, therefore, it should exit the market.  Similarly, when the RSI is below 30, the asset is oversold, so it is considered convenient to buy. NEW RSI PRO + The main improvement lies in the incorporation of a script that allows to visually observe the force of the movement and that this reinforces the perception of the RSI trajectory. It is for this reason that we incorporate the Average Directional Index (ADX) in this indicator so that through its logic it can provide other visual elements to help traders. In this merger we try to maintain the original design of the RSI in order to make a clean integration that does not confuse traders with another indicator. Improvements made: • The coloration resulting from the crossing of the DI + and DI- of the ADX was incorporated into the line that marks point 50 of this indicator. o When the Di + is above the DI- the trend is bullish therefore the middle line of the RSI will be painted green. o When the Di- is above the DI + the trend is bearish therefore the middle line of the RSI will be painted green. • Se incorporó un background de color verde para la tendencia alcista y rojo para la tendencia bajista, que se activa exclusivamente cuando el precio adquiere una fuerte tendencia. Esta característica altamente importante para la interpretación de esta nueva versión del indicador fue absorbida del ADX. • Se añadió una función que permite evidenciar la debilidad del RSI cambiando su coloración de verde a rojo según sea el caso. • Pensando en los usuarios más tradicionales, se incorporó una función que permite pintar el RSI de un solo color. • Se incorporó un selector de colores que permite pintar las velas en función al ADX ó al RSI. • Se añadió un panel lateral que indica el valor numérico que posee el ADX y el RSI. • Como una mejora visual, se creó una banda superior e inferior que evidencian de forma mas clara el estado de sobre venta y sobre compra del oscilador. ---------------------------------- SPANISH ----------------------------------- Lógica basada en la versión original del indicador: El RSI (Relative Strength Index), Es un indicador de tipo oscilador utilizado por los traders que realizan análisis técnicos, para estimar el estado de sobre compra o sobre venta de un activo del mercado bursátil. Esta herramienta da al trader la ventaja de cotejar la oferta y demanda (compra y venta), por tanto, debemos tomar en cuenta la siguiente interpretación para su uso.  Si el índice de compra y venta son iguales, el indicador toma un valor porcentual de 50, lo que nos indica que las fuerzas relativas se encuentran en equidad.  Al estar su valor sobre 50%, señala que el interés comprador es mayor al vendedor.  Cuando es inferior a 50%, entonces debemos saber que la fuerza vendedora es mayor.  También indica que cuando el RSI está por encima de 70 en el oscilador, el precio esta en sobre venta, por lo tanto, se debería salir del mercado.  DE igual forma, cuando el RSI esta por debajo de 30 el activo esta sobre vendido, por lo que se estima conveniente comprar. FOTO DEL NUEVO RSI PRO+ La mejora principal radica en la incorporación de un script que permita observar visualmente la fuerza del movimiento y que esta refuerce la percepción de la trayectoria del RSI. Es por esta razón por la que incorporamos en este indicador al Average Directional Index (ADX) para que a través de su lógica pueda proporcionar otros elementos visuales para ayudar a los traders. En esta fusión procuramos mantener el diseño original del RSI a los fines de hacer una integración limpia que no confundiera a los traders con otro indicador. Mejoras realizadas: • Se incorporó en la línea que marca el punto 50 de este indicador la coloración resultante del cruce del DI+ y el DI- del ADX. o Cuando el Di+ está por encima del DI- la tendencia es alcista por lo tanto la línea media del RSI se pintará de color verde. o Cuando el Di- está por encima del DI+ la tendencia es bajista por lo tanto la línea media del RSI se pintará de color verde. • Se incorporó un background de color verde para la tendencia alcista y rojo para la tendencia bajista, que se activa exclusivamente cuando el precio adquiere una fuerte tendencia. Esta característica altamente importante para la interpretación de esta nueva versión del indicador fue absorbida del ADX. • Se añadió una función que permite evidenciar la debilidad del RSI cambiando su coloración de verde a rojo según sea el caso. • Pensando en los usuarios más tradicionales, se incorporó una función que permite pintar el RSI de un solo color. • Se incorporó un selector de colores que permite pintar las velas en función al ADX ó al RSI. • Se añadió un panel lateral que indica el valor numérico que posee el ADX y el RSI. • Como una mejora visual, se creó una banda superior e inferior que evidencian de forma mas clara el estado de sobre venta y sobre compra del oscilador.
Pine Script™ indicator
by apidevelopers
54
Jakes Index------------ English I introduce the community to the Jakes Index. Basically, this is an index containing the top 10 cryptocurrencies, classified according to their Marketcap. The purpose of this index is to show a general market context, without being tied to a single crypto. With an overview of the market, it is easier to identify the market trend, in addition to being an excellent indicator to gauge the performance of your Crypt portfolio. Supply data comes from CoinMarktCap, and price data comes mostly from Binance, however some crypts are not yet available for trading by it, so the prices used come from the first broker indicated by TradingView in the search. Given that one of the crypts was launched very recently, Internet Computer to be more exact, I decided to leave it out of the index, adding "//" to the code in all references to it. If you want to see the performance of the index with the included cryptography, just delete the bars that follow in front of your code, such parts: "ASSET8; SUPPLY8; PESO8; QOC8; FINM8" after that add "//" in "PESO11" and remove the bars from "PESSO11F", in addition to also removing the F. Do the same with "JAKESINDEX" at the end of the code, and you will have the result with the Internet Computer included. The calculation of the index takes into account the Marketcap of the crypto, which is divided by the sum of the Marketcap of all the others, and then the result is multiplied by the market value of the Cryptocurrency. Thus, we have an index weighted by Marketcap with the 10 most important cryptocurrencies in the market AT THE TIME. It is important to remember that this index must be updated, both in terms of the currencies that change their place in the ranking with certain frequency, as the Supply that each one has, since coins with active mining, as is the case of Bitcoin, change their Supply frequently. To keep the index up to date, I will do ONE Monthly update, always posting the code with the new changes. ------------ Português Apresento a comunidade o Jakes Index. Basicamente, este é um índice contendo as 10 principais criptomoedas, classificadas de acordo com seu Marketcap. O objetivo deste índice é mostrar um contexto geral do mercado, sem ficar preso a uma única cripto. Com um apanhado geral sobre o mercado, fica mais fácil identificar a tendência do mercado, além de ser um excelente indicador para balizar o desempenho da sua carteira de Criptos. Os dados referentes a Supply são advindos do CoinMarktCap, e os dados dos preços vem em sua maioria da Binance, porém algumas criptos ainda não estão disponíveis para negociação pela mesma, portanto os preços utilizados vem da primeira corretora indicada pelo TradingView na busca. Tendo em vista que uma das criptos foi lançada muito recentemente, a Internet Computer para ser mais exato, decidi deixa-la de fora do índice, adicionando "//" no código em todas as referencias a mesma. Caso queira ver o desempenho do índice com a cripto incluída, basta apagar as barras que seguem na frente de seu código, sendo tais partes: "ASSET8; SUPPLY8; PESO8; QOC8; FINM8" após isso adicione "//" em "PESO11" e remova as barras de "PESSO11F", além de remover também o F. Faça o mesmo com "JAKESINDEX" no fim do código, e terá o resultado com a Internet Computer incluída. O calculo do índice leva em conta o Marketcap da cripto, que é dividio pela soma do Marketcap de todas as outras, e então o resultado é multiplicado pelo valor a mercado da Criptomoeda. Dessa forma, temos um índice ponderado pelo Marketcap com as 10 Criptomoedas mais importantes do mercado NO MOMENTO. É importante lembrar que este índice deve ser atualizado, tanto em questão das moedas que mudam com certa frequência seu lugar no ranking, como o Supply que cada uma tem, visto que moedas com mineração ativa, como é o caso do Bitcoin, mudam seu Supply com frequência. Para manter o índice atualizado, farei UMA atualização Mensal, postando sempre o código com as novas alterações.
Pine Script™ indicator
by JakeDolar
Swingtrade strategy for volatile assets on the hourly chartThe strategy of this script is based on a setup that I used in 2016 for swingtrade on PETR4 and other IBOV actions. The intention of this script was to carry out a study to validate the effectiveness of the strategy precisely. - This strategy works only to operate bought on the 1h (one hour) chart; - The strategy is based on the strength of the market, which is measured according to moving averages; - The setup uses targets of 3% above the input signal price and 11.5% stoploss for all operations; - The stoploss is bigger than the target, this causes the hit rate to be high, but when there is a loss, the damage can be large; - The setup performed well in some shares of the Brazilian stock market and cryptocurrencies of the dollar pair;
Pine Script™ strategy
by CriptoGrafico
1