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Fractals | Swing Points | Highs & Lows | Custom PeriodsSimple script which marks out key swing highs & lows. One of the only indicators I have on the chart most days - perfect for naked charting - quickly helps you to visually identify key areas of interest An extension of Bill Williams fractals - aka short term swing points Allows you to filter for only the most prominent swing points - you can even overlay multiple swingpoint filters in different colours (as per example chart) The number ( Fractal Periods) is simply: - the number of less prominent points either side of your swing high/low - example shown on the chart Otherwise make a fist - look at your 5 knuckles - swing high is your middle knuckle - 2 lower points either side Bill Williams Original Fractal: Fractal Periods = 2 Your Fractal Period for Filtering: 3, 4, 5, 30, 365, etc Allows you to find swing points down to: Fractal Periods = 1 Simple, easy, shared to enjoy =)
Pine Script™ indicator
by DonkeyEmporium
7
Stochastic RibbonA series of highs and lows of different lengths to create a ribbon-like indicator to emulate the stochastic oscillator's top (100), middle (50) and bottom (0). Traders can determine the strength of the support and resistance by the number of converging lines, choose price points and visualise momentum waves. Inputs: Theme: multiple colours/themes (theme 2) Length: high/low length (14) Start: plot number to start ribbon on (1) PlotNumber: number of plots to show; maximum 10 per top, middle, bottom (10) Example: Length: 14 Start: 5 PlotNumber: 10
Pine Script™ indicator
by Violent
4
Custom Time ranges. Daily price ranges.Addition to previous time range script, now containing daily ranges. You can select a day of the week, and have it show the high, low, mid, and open of that day. For the time bands: Monday = 2 Tuesday = 3 Wednesday = 4 Thursday = 5 Friday = 6 Saturday = 7 Sunday = 1 Example 1: 1500-1800:2 This will colour the background between 3pm and 6pm on Mondays. Example 2: 0000-0600:247 This will colour the background between midnight and 6am on Mondays, Wednesdays, and Saturdays. For the Daily price ranges: Just select the tick-box forthe day, and then the price levels you'd like to see. I want to add specific weekly levels to this, for example: week 06 of year 2020, but I've not figured out how to do it yet. If anyone knows, I'd appreciate it if you let me know. I'll then update this script. As always, any questions you may have, please leave in comments below and I'll respond when I have time. If you notice anything good with this indicator, let me know. We are all in this to make money after all! ;)
Pine Script™ indicator
by Plumptoiletduck
18
ANN Next Coming Candlestick Forecast SPX 1D v1.0WARNING: Experimental and incomplete. Script is open to development and will be developed. This is just version 1.0 STRUCTURE This script is trained according to the open, close, high and low values ​​of the bars. It is tried to predict the future values ​​of opening, closing, high and low values. A few simple codes were used to correlate expectation with current values. (You can see between line 129 - 159 ) Therefore, they are all individually trained. You can see in functions. The average training error of each variable is less than 0.011. NOTE : This script is designed for experimental use on S & P 500 and connected instruments only on 1-day bars. The Plotcandle function is inspired by the following script of alexgrover : Since we estimate the next values, our error rates should be much lower for all candlestick values. This is just first version to show logic. I will continue to look for other variables to reach average error = 0.001 - 0.005 for each candlestick status. Feel free to use and improve , this is open-source. Best regards.
Pine Script™ indicator
by Noldo
5
[PX] M/W/D LevelHey guys, this script shows monthly, weekly and daily OHLC data represented as horizontal level. I tried to make it as user-friendly as possible. Therefore, you can add different colors and styles for each level, as well as turn them on and off. With the "Label Offset" -parameter you are in control where the label text should appear. You can shift it from left to right and vice-versa. To shift it to the left choose a negative value. To shift it to the right use a positive one. This best setting for me personally is the "Candle Selection" -dropdown. This allows you to decide wether you want to show the previous candles OHLC-data or the current live OHLC-data. !!CAUTION!! If you use the "Current Month/Week/Day" -selection be aware that values shown are "live"-data of the current candle. Therefore, values will change the same way your chart keeps changing on live data. The "Previous Month/Week/Day" -selection on the other hand is historical data and therefore only changes once we reached a new month/week/day. If you like my work, consider leaving a like :) Happy trading!
Pine Script™ indicator
by paaax
17
MACD Divergence Tops + BottomsMACD Indicator which plots local peaks and troughs in divergence. "Classic" Divergence is specified as: - A higher price, with reduced MACD high --> Potential Sell Point - A lower price, with higher MACD low --> Potential Buy Point "Alternative" Divergence is specified as: - A higher MACD high, with reduced price --> Potential Sell Point - A lower MACD low, with higher price --> Potential Buy Point MACD Divergence should be used in combination with other indicators. This indicator identifies local tops and bottoms, with potential for macro trend shifts.
Pine Script™ indicator
by capriole_charles
2
Charles Recession WatchThe “Recession Watch” indicator tracks 7 key economic metrics which have historically preceded US recessions. It provides a real-time indication of incoming recession risk. This indicator gives a picture of when risk is increasing, and therefore when you might want to start taking some money out of risky assets. All of the last seven recessions were preceded by a risk score of 3 or higher. Six of them were preceded by a risk score of 4 or higher. Unfortunately data prior to 1965 was inconsistent and prior recessions could not be considered. Based on the indicator hit rate at successfully flagging recessions over the last 50 years, risk scores have the following approximate probabilities of recession: - 0-1: Low - 2: 25% within next 18 months - 3: 30% within next 12 months - 4-7: 50% within next 12 months Note that a score of 3 is not necessarily a cause for panic. After all, there are substantial rewards to be had in the lead up to recessions (averaging 19% following yield curve inversion). For the brave, staying invested until the score jumps to 4+, or until the S&P500 drops below the 200day MA, will likely yield the best returns. Notes on use: - use MONTHLY time period only (the economic metrics are reported monthly) - If you want to view the risk Score (1-7) you need to set your chart axis to "Logarithmic" Enjoy and good luck!
Pine Script™ indicator
by capriole_charles
2
Function : Pivots High and Low WARNING: The toil of this script is not mine . In order to avoid disrespect for work, I deleted some extensions only pure pivots , that is, only the information this script needed. I liked the fact that high and low pivots were in one function. I found this command by chance on stackoverflow. I don't know the authors and the nicknames because they are the stackoverflow nicknames. I hope it will help your adaptive periods. Finally, the length of the pivot must be at least 3 to be available.If the author reaches me, I will give his/her Tradingview name as a reference.
Pine Script™ indicator
by Noldo
10