Trading With Colors7 hours ago
Hello friends. This is simply a moving average ribbon, per se. The values for the colored ribbon can have their length calculated to fit their chosen resolution on the current one. This solved problems for me, but it was my own solution. Maybe I'll learn something new from sharing this.
To everybody else who is learning as well, this script essentially serves to introduce other time-frame moving averages. This intends to helps traders find the scope of relevance and not get lost in the current time-frame.
Besides the colored moving averages (2 sets, different resolutions, great zoomed in our out), I included optional check-boxes to allow comparison of sets of moving averages at will, so that the most important to the individual trader can be compared and selected specifically.
I kept the default options set to keep it clean. It likely won't be the only indicator on one's chart, so it's naturally best to reduce indicator noise from one, as to not subtract from the benefit of the other indicators.
I integrated tons of acquired knowledge into this, so I hope somebody finds a missing piece to their collection or a solution to a coding problem within. I also hope this provides a new insight and helps others on their path to financial freedom.
Best wishes.
PS: I left some old code in comments in case it helps to understand the evolution of my code. I'll update this again once it works on the Daily. You might figure it out before I do, in wish case, do share :)
Gradient
[LunaOwl] Rainbow Color Gradient作品: 色彩漸變－彩虹帶
This script is about rainbow color gradient, there are 35 colors from red to purple. The color changes with the time series, from light to dark, and then to light, repeat. Maybe it's visually beautiful. Compared to practicality, I prefer to use it as a color gradient reference. for the later works.
色彩漸變彩虹帶，從紅到紫有35種色調，隨著時間序列進行而變化，由淺到深再到淺，或許視覺上很美。
相比於實用性，我覺得應該當成色彩漸層的參考，對於以後作品可以使用上。
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The changing process of the rainbow (resolution = 63).
彩虹帶的時序變化過程，分辨度是63格，充滿 (✪ω✪) 圖表藝術！
Fill Strength Gradient [BigBitsIO]This script plots two moving averages but is mostly designed to highlight a fill strength gradient. The fill strength gradient shows a more opaque fill based on the current percentage difference of the current difference to the maximum difference in two MAs in a trend.
Citation: PinceCoders - Slight modification on color functions
MTF Lag-Less RasterChart (Spectrogram/HeatMap)I present yet another state-of-the-art "MTF Lag-Less RasterChart" employing PSv4.0. Simply describing how this indicator works, the bottom of the indicator pane is most reactive and is highly effective at identifying reversal points quickly once they occur, while the upper portion of the indicator commonly shows enduring trends. This may be my finest multi-timeframe heatmap indicator that I have created so far, complete with multiple stunning gradient color schemes. I'm unsure if I will be able to pack any more tech into these RasterCharts. This may exclude additional algorithms or polychromatics I may discover later on that are worthy of other RasterChart releases. One last thing, this is a companion indicator to my "Lag-Less Rainbow Ribbon" indicator, because the heavily modified base algorithms are nearly identical.
I once again would like to personally thank Dr . John Ehlers for inspiring me to ponder into the realm of heatmap technology and all it has to offer. Your mathemagical splendor is most appreciated! You're a divine inspiration to the algorithmic trading community and forever shall be.
The MTF capabilities include seconds, minutes, and days. If the time frame settings are shorter in time than the current sampling interval, a warning notification will be appropriately displayed. I included a horizontal rule to approximately gauge at what level you may wish to have before entering/exiting a trade upon identifying a trend change. This gizmo functions on all assets on time frames ranging from one second bars up to the "All" chart having monthly bars.
Lastly, I have included so many color scheming techniques that I couldn't demonstrate all of them above. This indicator has what I would term as enhanced "predator" vision. For those of you who have witnessed these movies, you may understand what I have built. This indicator additionally includes a color morphing control to perfectly adjust the gradients to your visual liking, on any time frame whether it be seconds or daily chart preferences. The use of this indicator is just like any of my other RasterCharts or heatmap indicators found on the internet, except it has the greatest versatility I have accomplished as of yet.
Features List Includes:
"Source" selection
MTF controls for seconds, minutes, and days
Adjustable horizontal rule to differentiate between more reactive aspects of turning point fluctuations in the lower portion of the chart (visible above)
Window aperture control
Adjustable heatmap brightness control
Visual color scheme techniques (a few of many are displayed above)
Color gradient morphing
Color inversion control
This is not a freely available indicator, FYI. To witness my Pine poetry in action, properly negotiated requests for unlimited access, per indicator, may ONLY be obtained by direct contact with me using TV's "Private Chats" or by "Message" hidden in my member name above. The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
[e2] Color Gradient Function20 step red/green gradient function
The color gradient function allow colorize any source in 5% steps.
Define the source, minimum and maximum value (constant or , for example, bb (or any other channel)).
ADX & DI HistogramThis bad boy shows the same info as a normal ADX & DI but I've endeavoured to remove a lot of the confusion. I also added red/green colour gradients to show how much ADX is trending, the darker the colour, the stronger the trend. This should help to avoid the upsidedowniness and confusion I've always found with the original. I made this a while ago and have made a few changes recently but I can't remember where I go the basic ADX code from, so credit to whoever that was. Enjoy
Phase Change IndexPhase Change Index script.
This indicator was developed and described by M. H. Pee (Stocks & Commodities V.22:5 (28-37): Phase Change Index).
Other indicators of M. H. Pee:
