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Divergence for Many Indicators v4Hello Traders, Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time! How it works? - On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators. - it search divergence on choisen indicators => RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, VWMACD, CMF and any External Indicator ! - it checks following divergences for 16 pivot points that is in last 100 bars for each Indicator. --> Regular Positive Digergences --> Regular Negative Digergences --> Hidden Positive Digergences --> Hidden Negative Digergences - for positive divergences first it checks if closing price is higher than last closing price and indicator value is higher than perious value, then start searching divergence - for negative divergences first it checks if closing price is lower than last closing price and indicator value is lower than perious value, then start searching divergence Some Options: Pivot Period: you set Pivot Period as you wish. you can see Pivot Points using "Show Pivot Points" option Source for Pivot Points: you can use Close or High/Low as source Divergence Type: you can choose Divergence type to be shown => "Regular", "Hidden", "Regular/Hidden" Show Indicator Names: you have different options to show indicator names => "Full", "First Letter", "Don't Show" Show Divergence Number: option to see number of indicators which has Divergence Show Only Last Divergence : if you enable this option then it shows only last Positive and Negative Divergences you can include any External Indicator to see if there is divergence - enable "Check External Indicator" - and then choose External indicator name in the list, "External Indicator" - External indicator name is shown as Extrn - related external indicator must be added before enabling this option Coloring, line width and line style options for different type of divergences. Following Alerts added: - Positive Regular Divergence Detected - Negative Regular Divergence Detected - Positive Hidden Divergence Detected - Negative Hidden Divergence Detected Now lets see some examples: Hidden Divergences: Regular and Hidden Divergences together: Showing first letters of indicators: You can see only the number of indicators which has divergence: You can see only divergence lines without indicators names and numbers: option to used different label/line/text colors: You have option to see only last divergences: You can change Pivot Period, in following example Pivot Period = 15: You can use Close or High/Low as Source for Divergence You can include external indicators and get divergences on it: Wish you all a happy new year! Enjoy!
Editors' picks
Pine Script™ indicator
by LonesomeTheBlue
668
Divergence for many indicator v3Hello Everyone. Almost one year later, with Pine version 4, I developed new version of the Divergence for many Indicator. It analyses divergences for 10 predefined indicators and then draws line on the graph. Red for negatif divergence (means prices may go down or trend reversal), Lime for positive divergences (means prices may go up or trend reversal) Divergences version 2 has latency because it waits higher time frame completion. in this new version the script uses Pivot Points and on every bar it checks divergence between last Pivot point and current bar and if it finds any then immediately draws line and removes old one. so there is no latency with this version. There are predefined 10 indicators in the script, you have option to choose which indicators the script would analyse for divergence. (RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, Diosc, VWMACD and CMF) In replay mode you can see how the script puts new divergence line and removes old one. you better see it for yourself by using replay mode. Hope you Enjoy!
Editors' picks
Pine Script™ indicator
by LonesomeTheBlue
315
Higher High Lower Low Strategy (With Source Code)This script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points. Generally HH and HL shows up-trend, LL and LH shows down-trend. If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script changes bar color blue or black. if there is up-trend then bar color is blue, or if down-trend then bar color is black. also as you can see support and resistance levels change dynamically. If you use smaller numbers for left/right bars then it will be more sensitive. source code of :
Pine Script™ indicator
by LonesomeTheBlue
123
PivotBoss TriggersI have collected the four PivotBoss indicators into one big indicator. Eventually I will delete the individual ones, since you can just turn off the ones you don't need in the style controller. Cheers. Wick Reversal When the market has been trending lower then suddenly forms a reversal wick candlestick , the likelihood of a reversal increases since buyers have finally begun to overwhelm the sellers. Selling pressure rules the decline, but responsive buyers entered the market due to perceived undervaluation. For the reversal wick to open near the high of the candle, sell off sharply intra-bar, and then rally back toward the open of the candle is bullish , as it signifies that the bears no longer have control since they were not able to extend the decline of the candle, or the trend. Instead, the bulls were able to rally price from the lows of the candle and close the bar near the top of its range, which is bullish - at least for one bar, which hadn't been the case during the bearish trend. Essentially, when a reversal wick forms at the extreme of a trend, the market is telling you that the trend either has stalled or is on the verge of a reversal. Remember, the market auctions higher in search of sellers, and lower in search of buyers. When the market over-extends itself in search of market participants, it will find itself out of value, which means responsive market participants will look to enter the market to push price back toward an area of perceived value. This will help price find a value area for two-sided trade to take place. When the market finds itself too far out of value, responsive market participants will sometimes enter the market with force, which aggressively pushes price in the opposite direction, essentially forming reversal wick candlesticks . This pattern is perhaps the most telling and common reversal setup, but requires steadfast confirmation in order to capitalize on its power. Understanding the psychology behind these formations and learning to identify them quickly will allow you to enter positions well ahead of the crowd, especially if you've spotted these patterns at potentially overvalued or undervalued areas. Fade (Extreme) Reversal The extreme reversal setup is a clever pattern that capitalizes on the ongoing psychological patterns of investors, traders, and institutions. Basically, the setup looks for an extreme pattern of selling pressure and then looks to fade this behavior to capture a bullish move higher (reverse for shorts). In essence, this setup is visually pointing out oversold and overbought scenarios that forces responsive buyers and sellers to come out of the dark and put their money to work-price has been over-extended and must be pushed back toward a fair area of value so two-sided trade can take place. This setup works because many normal investors, or casual traders, head for the exits once their trade begins to move sharply against them. When this happens, price becomes extremely overbought or oversold, creating value for responsive buyers and sellers. Therefore, savvy professionals will see that price is above or below value and will seize the opportunity. When the scared money is selling, the smart money begins to buy, and Vice versa. Look at it this way, when the market sells off sharply in one giant candlestick , traders that were short during the drop begin to cover their profitable positions by buying. Likewise, the traders that were on the sidelines during the sell-off now see value in lower prices and begin to buy, thus doubling up on the buying pressure. This helps to spark a sharp v-bottom reversal that pushes price in the opposite direction back toward fair value. Engulfing (Outside) Reversal The power behind this pattern lies in the psychology behind the traders involved in this setup. If you have ever participated in a breakout at support or resistance only to have the market reverse sharply against you, then you are familiar with the market dynamics of this setup. What exactly is going on at these levels? To understand this concept is to understand the outside reversal pattern. Basically, market participants are testing the waters above resistance or below support to make sure there is no new business to be done at these levels. When no initiative buyers or sellers participate in range extension, responsive participants have all the information they need to reverse price back toward a new area of perceived value. As you look at a bullish outside reversal pattern, you will notice that the current bar's low is lower than the prior bar's low. Essentially, the market is testing the waters below recently established lows to see if a downside follow-through will occur. When no additional selling pressure enters the market, the result is a flood of buying pressure that causes a springboard effect, thereby shooting price above the prior bar's highs and creating the beginning of a bullish advance. If you recall the child on the trampoline for a moment, you'll realize that the child had to force the bounce mat down before he could spring into the air. Also, remember Jennifer the cake baker? She initially pushed price to $20 per cake, which sent a flood of orders into her shop. The flood of buying pressure eventually sent the price of her cakes to $35 apiece. Basically, price had to test the $20 level before it could rise to $35. Let's analyze the outside reversal setup in a different light for a moment. One of the reasons I like this setup is because the two-bar pattern reduces into the wick reversal setup, which we covered earlier in the chapter. If you are not familiar with candlestick reduction, the idea is simple. You are taking the price data over two or more candlesticks and combining them to create a single candlestick . Therefore, you will be taking the open, high, low, and close prices of the bars in question to create a single composite candlestick . Doji Reversal The doji candlestick is the epitome of indecision. The pattern illustrates a virtual stalemate between buyers and sellers, which means the existing trend may be on the verge of a reversal. If buyers have been controlling a bullish advance over a period of time, you will typically see full-bodied candlesticks that personify the bullish nature of the move. However, if a doji candlestick suddenly appears, the indication is that buyers are suddenly not as confident in upside price potential as they once were. This is clearly a point of indecision, as buyers are no longer pushing price to higher valuation, and have allowed sellers to battle them to a draw-at least for this one candlestick . This leads to profit taking, as buyers begin to sell their profitable long positions, which is heightened by responsive sellers entering the market due to perceived overvaluation. This "double whammy" of selling pressure essentially pushes price lower, as responsive sellers take control of the market and push price back toward fair value.
Pine Script™ indicator
by ParCorn
7
Price Action Doji Harami v0.2 by JustUncleLThis is an updated and final version of this indicator. This version distinguishes between the true Harami and the other Doji candlestick patterns as used with the Heikin Ashi candle charts. These candle patterns indicate a potential trend reversal or pullback. The patterns identified are: - Bearish Harami (Red Highlight above Bar): One to three (default 3) large body Bull (green) candles followed by a small (red) or no body candle (less than 0.5pip) with wicks top and bottom that are at least 60% of candle. - Bullish Harami (Green Highlight below Bar): One to three (default 3) large body Bear (red) candles followed by a small (green) or no body candle (less than 0.5pip) with wicks top and bottom that are at least 60% of candle. - Bearish Doji (Fuchsia Highlight above Bar): One to three (default 3) large body Bull (green) candles followed by a small (green) with wicks top and bottom that are at least 60% of candle. - Bullish Doji (Aqua Highlight below Bar): One to three (default 3) large body Bear (red) candles followed by a small (red) with wicks top and bottom that are at least 60% of candle. You can optionally specify how large the candles prior to Harami/Doji are in pips, default is 0 pip. If you set this to zero then it will have no candle size consideration. You can also specify how many look back candles (1-3) are used in Harami/Doji calculations (default 3). Included option to perform Calculations purely on Heikin Ashi candles, this helps when you want to see the HA Doji/Harami bars with the normal candle stick chart. Also can optionally set an alert condition for when Harami/Doji found, this also displays a circle on the bottom of the screen when alert is triggered.
Pine Script™ indicator
by JustUncleL
27
TUX CandlesThis indicator has a lot of information. This is the first version so stay tuned for updates, and please let me know of any bugs. Candlestick Indicators: Doji Shooting Star Evening Star Hammer Hanging Man Candlestick Formations Tri-star Bearish Harami Bullish Harami Bearish Harami Cross Bullish Harami Cross Bullish Engulfing Bearish Engulfing Rising Three Falling Three Bearish Abandoned Baby Bullish Abandoned Baby Three Black Crows Three White Soldiers Technical Indicators: (You can set you MA periods) Moving Average Cross Move Average Crossover
Pine Script™ indicator
by tux
2
Candlestick Patterns Identified (updated 3/11/15)I decided to republish this one without the trend filter and with all the major symbols active. This will allow for all the patterns to show up. Due to 15 different candlestick formations in this one script, it will be difficult to turn off the last few due to screen size. You can turn off individual patterns on the settings screen. I have everything spelled out except the hammer and inverted hammer. They are "H" and "IH" respectively on the charts. They show up so often that they cluttered the charts. The default script has: Doji, Evening Star, Morning Star, Shooting Star, Hammer, Inverted Hammer, Bearish Harami, Bullish Harami, Bearish Engulfing, Bullish Engulfing, Piercing Line, Bullish Belt, Bullish Kicker, Bearish Kicker, Hanging man, and Dark Cloud Cover. You can turn off what you don't like. The Piercing Line, Bullish Belt, and the Kickers will usually show up better in the daily charts. I recommend watching videos with Stephen Bigalow to get a feel for how to trade these. You will want to add an 8 EMA to your chart with his setups. Enjoy. If you want the old version: Take a look at the related ideas below.
Pine Script™ indicator
by repo32
243
Candlesticks Patterns IdentifiedI was using another script that colored the bars to show the different candle patterns. Thanks to HPotter (www.tradingview.com). Unfortunately, I can't think that fast when looking across a screen of charts with different color bars. Fortunately, Tradingview came up with symbols and names on 2/26/15. I decided to take my favorite symbols and attach them to a name. This makes it easier to see what is going on and where your entry would be if it confirms. Works beautifully for me. Decided to share. I also added the ability to alter what shows up based upon a look back. A bullish engulfing at the top of a trend, or a bearish harami at the bottom of the trend, is nearly useless and clutters the chart. I have the default set for the open of the current bar to be higher or lower than the open from 5 bars back. You can adjust in the settings to what you like. This trend setting is on all the patterns except doji. If you want to see all the candle patterns, set it to "1". The doji can be adjusted as well. I left some other patterns at the bottom of the script, but they are turned off. They became too much of a clutter for me. I prefer DovCaspi's pattern finder for hammers and stars: I use his due to the clean appearance. The default script has: Doji, Bearish Harami, Bullish Harami, Bearish Engulfing, Bullish Engulfing, Piercing Line, Bullish Belt, Bullish Kicker, and Bearish Kicker. You can turn off what you don't like. The Piercing Line, Bullish Belt, and the Kickers will usually show up better in the daily charts. If you would like the updated version, see the Related Ideas below:
Pine Script™ indicator
by repo32
30