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Wick %Heyo Fellas, thanks for checking out my new indicator. Introduction Wick % is a simple indicator to compare wick size with body size (mode 1) and to compare wick size with candle size (mode 2). Upper wicks are bullish when close is higher than open pricen. Lower wicks are bearish when close is lower than open price. Wick Theory In general, big wick and small bodie on a bar means that bull and bears are fighting heavily. A big wick below the body means the bulls are leading in that fight, and a big wick above the body means the bears are leading in that fight. Calculation Formula Mode 1 – Percentual Increase Wick/Body: upperWickPercentage = (upperWick / body) * 100 - 100 lowerWickPercentage = (lowerWick / body) * 100 - 100 Mode 2 – Percent Wick/Candlestick: upperWickPercentage = (upperWick / (high - low)) * 100 lowerWickPercentage = (lowerWick / (high - low)) * 100 Usage You can use it on every symbol and every timeframe. The indicator repaints by default, but you can disable it in the settings. When you disable repaint, it moves the label one bar to the right. If you want to use the indicator for signals, you must disable repainting. Best regards, simwai
Pine Script™ indicator
by simwai
4
Sembang Kari Traders - EMA & Wave Stacked Labels + EMA 34 LinesThis script is 2 in 1 indicator. 1. Multi Timeframe EMA Labels - This label indicator shows labels for EMA stacked up or EMA stacked down or EMA in sideway trend. - EMA used in this script is EMA 8, EMA 21, EMA 34 and EMA 55. - If the EMA 8 line is above EMA 21 line, and EMA 21 line is above EMA 34 line, and EMA 34 line is above EMA 55 line ( EMA STACKED UP) = the trend is BULLISH and the label will colored to GREEN on that timeframe. - If the EMA 8 line is below EMA 21 line, and EMA 21 line is below EMA 34 line, and EMA 34 line is below EMA 55 line ( EMA STACKED DOWN) = the trend is BEARISH and the label will colored to RED on that timeframe. - If either 1 of the EMA 8, or EMA 21, or EMA 34, or EMA 55 is NOT STACKED = the trend is SIDEWAY and the label will colored to YELLOW on that timeframe. - Timeframe shows in label is Daily, 4 hours, 1 hour, 15 minutes and 5 minutes. - This indicator labels will be useful to identifying trend in others timeframe without to look or open that other timeframe. Example, if u in 5 minutes timeframe chart, then u see that "D" is colored to GREEN, then straight will know that EMA 8, EMA 21, EMA 34 and EMA 55 is STACKED UP which means BULLISH without to look or open that Daily timeframe . 2. EMA 34 Lines - This is indicator shows 3 exponential moving average line which is EMA 34 lines. - This indicator will shows 3 lines which is GREEN, BLUE, and RED. - The GREEN line is EMA 34 HIGH - The BLUE line is EMA 34 CLOSE - The RED line is EMA 34 BLUE Trade Idea - The idea using this indicator is we want to take an entry setup when the candle pull back to EMA 34 lines and at the same time using the EMA labels to be confirmation as label will indicates trends in multiple timeframe. - When price moved far away from EMA 34 lines, then wait till price pullback to EMA lines and confirmed it by trend labels provided to take take a entry setup. - this indicator can be used on all tickers
Pine Script™ indicator
by KhairulHadi
66
R:R Trading System FrameworkFirst off, huge thanks to @fikira! He was able to adapt what I built to work much more efficiently, allowing for more strategies to be used simultaneously. Simply put, I could not have gotten to this point without you. Thanks for what you do for the TV community. Second, I am fairly new to pinescript writing, so I welcome criticism, thoughtful input and improvement suggestions. I would love to grow this concept into something even better, if possible. So please let me know if you have any ideas for improvement. However I do juggle a lot of different things outside of TV, so implementations may be delayed. I have decided, at this time, not to add alerts. First, because I feel most people looking to adapt this framework can add their own pretty easily. Also, given how customized the framework is currently, while also attempting to account for all the possible ways in which people may want alerts to function after they customize it, it seems best to leave them out as it doesn't exactly fit the idea of a framework. For best viewing, I recommend hovering over the script's name > ... > Visual order > Bring to front. Also I found hollow candles with mono-toned colors (like pictured) are more visually appealing for me personally. I HIGHLY RECOMMEND USING WITH BAR REPLAY TO BETTER UNDERSTAND THE FRAMEWORK'S FUNCTIONALITY. ▶️ WHAT THIS FRAMEWORK IS - A huge collection of concepts and capabilities for those trying to better understand, learn, or teach pinescript. - A system designed to showcase Risk:Reward concepts more holistically by providing all of the most popular components of retail trading to include backtesting, trade visual plotting, position tracking, market condition shifts, and useful info while positioned to help highlight changes in your risk:reward based decision-making processes. - A system that can showcase individual strategies regardless of trade direction, allowing you to develop hedging strategies without having multiple indicators that do not correlate with each other. - Designed around the idea that you trade less numbers of assets but manage your positions and risk based on multiple concurrently running strategies to manage your risk exposure and reward potential. - An attempt to combine all the things you need to execute with an active trading management style. - A framework that uses backtested results (in this case the number of averaged bars it takes to hit key levels) in real-time to inform your risk:reward decision-making while in-trade (in this case in your Trade Tracking Table using dynamic color to show how you might be early, on-time, or late compared to the average amount of backtested time it normally takes to hit that specific key level). ▶️ WHAT THIS FRAMEWORK IS NOT - A complete trading product. DO NOT USE as-is. It is a FRAMEWORK for you to generate ideas of your own and fairly easily implement your own triggering conditions in the appropriate sections of the script. ▶️ USE CASES - If you decide you like the Stop, Target, Trailing Stop, and Risk:Reward components as-is, then just understanding how to plug in your Entry and Bullish / Bearish conditions (Triangles) and adjust the input texts to match your custom naming will be all you need to make it your own! - If you want to adapt certain components, then this system gives you a great starting point to adapt your different concepts and ideas from. ▶️ SYSTEM COMPONENTS - Each of the system's components are described via tooltips both in the input menu and in the tables' cells. - Each label on the chart displays the corresponding price at those triggered conditions on hover with tooltips. - The Trailing Stop only becomes active once it is above the Entry Price for that trade, and brightens to show it is active. The STOP line (right of price) moves once it takes over for the Entry Stop representing the level of the Trailing Stop at that time for that trade. - The Lines / Labels to the right of price will brighten once price is above for Longs or below for Shorts. The Trade Tracking Table cells will add ☑️ once price is above for Longs or below for Shorts. - The brighter boxes on the chart show the trades that occurred based on your criteria and are color coded for all components of each trade type to ensure your references are consistent. (Defaults are TV built-in strategies) - The lighter boxes on the chart show the highest and lowest price levels reached during those trades, to highlight areas where improvements can be made or additional considerations can be accounted for by either adjusting Entry triggers or Bullish / Bearish triggers. - Default Green and Red Triangles (Bullish / Bearish) default to having the same triggering condition as the Entry it corresponds to. This is to highlight either a pyramiding concept, early exit, or you can change to account for other things occurring during your trades which could help you with Stop and Target management/considerations. TradingView and many of its community members have done a lot for me, so this is my attempt to give back.
Editors' picks
Pine Script™ indicator
by carnagecain
130
Magnifying Glass (LTF Candles) by SiddWolf█  OVERVIEW This indicator displays The Lower TimeFrame Candles in current chart, Like Zooming in on the Candle to see it's Lower TimeFrame Structure. It plots intrabar OHLC data inside a Label along with the volume structure of LTF candle in an eloquent format. █  QUICK GUIDE Just apply it to the chart, Hover the mouse on the Label and ta-da you have a Lower Timeframe OHLC candles on your screen. Move the indicator to the top and shrink it all the way up, because all the useful data is inside the label. Inside the label: The OHLC ltf candles are pretty straightforward. Volume strength of ltf candles is shown at bottom and Volume Profile on the left. Read the Details below for more information. In the settings, you will find the option to change the UI and can play around with Lower TimeFrame Settings. █  DETAILS First of all, I would like to thank the @TradingView team for providing the function to get access to the lower timeframe data. It is because of them that this magical indicator came into existence. Magnifying Glass indicator displays a Candle's Lower TimeFrame data in Higher timeframe chart. It displays the LTF candles inside a label. It also shows the Volume structure of the lower timeframe candles. Range percentage shown at the bottom is the percentage change between high and low of the current timeframe candle. LTF candle's timeframe is also shown at the bottom on the label. This indicator is gonna be most useful to the price action traders, which is like every profitable trader. How this indicator works: I didn't find any better way to display ltf candles other than labels. Labels are not build for such a complex behaviour, it's a workaround to display this important information. It gets the lower timeframe information of the candle and uses emojis to display information. The area that is shown, is the range of the current timeframe candle. Range is a difference between high and low of the candle. Range percentage is also shown at the bottom in the label. I've divided the range area into 20 parts because there are limitation to display data in the labels. Then the code checks out, in what area does the ltf candle body or wick lies, then displays the information using emojis. The code uses matrix elements for each block and relies heavily on string manipulation. But what I've found most difficult, is managing to fit everything correctly and beautifully so that the view doesn't break. Volume Structure: Strength of the Lower TimeFrame Candles is shown at the bottom inside the label. The Higher Volume is shown with the dark shade color and Lower Volume is shown with the light shade. The volume of candles are also ranked, with 1 being the highest volume, so you can see which candle have the maximum to minimum volume. This is pretty important to make a price action analysis of the lower timeframe candles. Inside the label on the left side you will see the volume profile. As the volume on the bottom shows the strength of each ltf candles, Volume profile on the left shows strength in a particular zone. The Darker the color, the higher the volume in the zone. The Highest volume on the left represents Point of Control (Volume Profile POC) of the candle. Lower TimeFrame Settings: There is a limitation for the lowest timeframe you can show for a chart, because there is only so much data you can fit inside a label. A label can show upto 20 blocks of emojis (candle blocks) per row. Magnifying Glass utilizes this behaviour of labels. 16 blocks are used to display ltf candles, 1 for volume profile and two for Open and Close Highlighter. So for any chart timeframe, ltf candles can be 16th part of htf candle. So 4 hours chart can show as low as 15 minutes of ltf data. I didn't provide the open settings for changing the lower timeframe, as it would give errors in a lot of ways. You can change the timeframe for each chart time from the settings provided. Limitations: Like I mentioned earlier, this indicator is a workaround to display ltf candles inside a label. This indicator does not work well on smaller screens. So if you are not able to see the label, zoom out on your browser a bit. Move the indicator to either top or bottom of all indicators and shrink it's space because all details are inside the label. █  How I use MAGNIFYING GLASS: This indicator provides you an edge, on top of your existing trading strategy. How you use Magnifying Glass is entirely dependent on your strategy. I use this indicator to get a broad picture, before getting into a trade. For example I see a Doji or Engulfing or any other famous candlestick pattern on important levels, I hover the mouse on Magnifying Glass, to look for the price action the ltf candles have been through, to make that pattern. I also use it with my "Wick Pressure" indicator, to check price action at wick zones. Whenever I see price touching important supply and demand zones, I check last few candles to read chart like a beautiful price action story. Also volume is pretty important too. This is what makes Magnifying Glass even better than actual lower timeframe candles. The increasing volume along with up/down trend price shows upward/downward momentum. The sudden burst (peak) in the volume suggests volume climax. Volume profile on the left can be interpreted as the strength/weakness zones inside a candle. The low volume in a price zone suggests weakness and High volume suggests strength. The Highest volume on the left act as POC for that candle. Before making any trade, I read the structure of last three or four candles to get the complete price action picture. █  Conclusion Magnifying Glass is a well crafted indicator that can be used to track lower timeframe price action. This indicator gives you an edge with the Multi Timeframe Analysis, which I believe is the most important aspect of profitable trading. ~ @SiddWolf
Pine Script™ indicator
by SiddWolf
16
Average, Median, Mode, Biggest: Pip Range Measures & LabelsApply various simple statistical measures to series of full candle ranges over user input length (in bars). Choose between AVERAGE, MEDIAN, MODE, BIGGEST. All calculations derive from the high-low range of a candle. Default length = 260, the number of daily candles in a year. MODE is calculated from pip ranges rounded to reasonable increments (to nearest 10pips foreign currencies; to nearest 100 pips for DXY ; nearest $10 for other assets). Best only use MODE for the major FX pairs encoded, and on Daily timeframe . User input 'unit multiplier' only applies when asset is NOT a major Forex pair (unit and multiplier is auto applied for for major FX pairs). © twingall
Pine Script™ indicator
by twingall
3
Multi EMA with labels (Any timeframe)This script lets you add up to 8 EMAs (Exponential Moving Averages) that can be set to any timeframe and length. The difference between this and other EMA indicators is that it has a simple label attached to each EMA showing which timeframe it belongs to and what length it is, so you can get that information at a glance while trading without having to remember the specific settings for each EMA. I was personally looking for something like this because I like clarity on my chart and these labels really help. The existing EMA indicators I found with labels don't support multiple timesframes or if they do, they don't include the timeframe itself in the label, so that's why I created this simple script and shared it in case somebody else is looking for the same. Enjoy.
Pine Script™ indicator
by chipmonk
20
PnL and Buy & Hold TrackerIn this script I use a simple, not necessarily profitable, strategy of a cross of MAs to teach how to calculate and plot the PnL of each trade made by the indicator. I also show how to calculate the cumulative PnL of all trades and the Buy and Hold of the same period. These calculations which are natively available in any strategy script, require a bit of resourcefulness to work in an indicator script. It can be very useful to optimize parameters for the best performance of an indicator-based strategy. I use variables to store the price of the asset at each buy signal to calculate the PnL with the closing price of that particular trade and another variable to store the price value of the first trade, which calculates the Buy and Hold percentage with the current price of the asset. I plot the values of the trades in labels and the accumulated values in a table. I also show how to calculate and plot the unrealized PnL of open trades.
Pine Script™ indicator
by Fedra_Algotrading
1
LabelsLibrary "Labels" Functions to create labels, from simple to complex. labelSimple() Creates a label each time a condition is true. All label parameters can be customised. _condition The condition which must evaluate true for the label to be printed. _x The x location. _y The y location. _text The text to print on the label. _color The colour of the label. _textColor The colour of the text. _style The style of the label. _yloc The y location type. Returns An unnamed label object with the supplied characteristics. To give it a name, assign the output of the function to a label variable, as in the example below. labelLast() Creates a label each time a condition is true. All label parameters can be customised. + Option to keep only the most recent label. + Option to display the label a configurable number of bars ahead. _offset How many bars ahead to draw the label. _keepLast If true (the default), keeps only the most recent label. If false, prints labels up to the TradingView limit. _condition The condition which must evaluate true for the label to be printed. _y The y location. _text The text to print on the label. _color The colour of the label. _textColor The colour of the text. _style The style of the label. _yloc The y location type. Returns A named label object with the supplied characteristics. labelTextAndFloat() Creates a label each time a condition is true. All label parameters can be customised. Option to keep only the most recent label. Option to display the label a configurable number of bars ahead; otherwise the x location is fixed at the bar time. + Prints (optional) text and a floating-point number on the next line. _offset How many bars ahead to draw the label. _float The floating-point number that you want to display on the label. _keepLast If true (the default), keeps only the most recent label. If false, prints labels up to the TradingView limit. _condition The condition which must evaluate true for the label to be printed. _y The y location. _text The text to print on the label. _color The colour of the label. _textColor The colour of the text. _style The style of the label. _yloc The y location type. Returns A named label object with the supplied characteristics. labelTextAndFloatSigFig() Creates a label each time a condition is true. All label parameters can be customised. Option to keep only the most recent label. Option to display the label a configurable number of bars ahead; otherwise the x location is fixed at the bar time. Prints (optional) text and a floating-point number on the next line + to a given number of significant figures. _offset How many bars ahead to draw the label. _sigNumFig The number of significant figures to display the floating-point number to. _float The floating-point number that you want to display on the label. _keepLast If true (the default), keeps only the most recent label. If false, prints labels up to the TradingView limit. _condition The condition which must evaluate true for the label to be printed. _y The y location. _text The text to print on the label. _color The colour of the label. _textColor The colour of the text. _style The style of the label. _yloc The y location type. Returns A named label object with the supplied characteristics. labelTextAndFloatDecimals() Creates a label each time a condition is true. All label parameters can be customised. Option to keep only the most recent label. Option to display the label a configurable number of bars ahead. Prints (optional) text and a floating-point number on the next line + to a given number of decimal places. _offset How many bars ahead to draw the label. _decimals The number of decimal places to display the floating-point number to. _float The floating-point number that you want to display on the label. _keepLast If true (the default), keeps only the most recent label. If false, prints labels up to the TradingView limit. _condition The condition which must evaluate true for the label to be printed. _y The y location. _text The text to print on the label. _color The colour of the label. _textColor The colour of the text. _style The style of the label. _yloc The y location type. Returns A named label object with the supplied characteristics.
Pine Script™ library
by SimpleCryptoLife
1
Example - Future Line DrawingExample primarily focuses on: • creating a simple function to get a time offset value • using the offset to set drawing locations in the future • how to properly set up and manipulate line positions Extras ( end of script ): • inclusion of vertical lines for visualising start and end points using the time offsets • inclusion of label to read out the current time offset forwards/backwards This script publication is intended for: • Educational Purposes Who is it for? • anyone who wants to learn the basics of drawing using 'time' for purposes of positioning
Pine Script™ indicator
by JayRogers
14
Remember Rules Label - incl. Text Function with different colorsHi BIG PLAYERS Each of us makes mistakes and exceptions confirm the rule. However, if you disregard the rules of trading, you lose your money - without any ifs and buts! I have therefore created a reminder label for myself, which trading approaches I always want to stick to. These rules serve me as a guideline when I should trade. Through the permanent reminder I set myself the goal of not trading too early and impatiently. The biggest problem of all traders is overtrading: the constant swaying back and forth between greed and fear. This must always be kept in mind. Because trading is in principle very simple: stick to your own rules. Keep a logbook and for my sake, record every trade as a screenshot in a PowerPoint presentation. Then you can see your mistakes in the past trades and recognize your background, why loss trades have arisen - you can also determine profit trades: As a rule, profits arise when you strictly adhere to your trading rules. If you compare a company with a trader, then it is generally a similar procedure. company view a company plans its annual development with budget and forecast. a company compares monthly between actual values and plan values and draws conclusions from the differences. trader view a trader should handle and plan his trade with all rules. a trader should compare the result after the trade with the planned trade and discuss conclusions from possible differences. I hope I could help other traders with this. Kind regards NXT2017
Pine Script™ indicator
by NXT2017
3
Big Move WarningThis script shows plots a warning on the chat when the tick increase is more than the configures value. It considers the highest and lowest value of each candle. The following warnings are shown: "RISE" - the increase is more than the configures value "BIGRISE" - the increase over the last 3 ticks is more than 2x the configured value "DIP" - the decrease is more than the configures value "BIGDIP" - the decrease over the last 3 ticks iscmore than 2x the configured value
Pine Script™ indicator
by MalsenInvest
2
Reminder Message (with color picker) - ApopheniaPaysThis is a very simple script. It displays a message above the latest price. I coded it because I need a constant reminder to keep me from overtrading. You can customize several options: - The message text - How high above the latest price the message is displayed - How often it is displayed. 1=display constantly, 2=only show it during every other period, 3=only show it every 3rd new period, etc. So, for example, if you are on the 15 minute chart, and set a frequency of 3, it will show it for the first 15 minutes out of every 45. - Color and lightness. This can be used as an example of how to add a color selection input to your own scripts.
Editors' picks
Pine Script™ indicator
by ApopheniaPays
16
[Daveatt] BEST Quandl Federal Reserve Economic Dashboard 1.0Hello traders I hope you're all doing well and the quarantine will soon be over in your respective countries. We all have strong opinions on how it could have been handled by our respective governments but the facts cannot be contested. And basically, they acted based on a lot of unknown data. Obviously, we can throw away some conspiracy theories but what's the point really? Conspiracy theorists never ever ever ever made money - Permabulls did historically. Fight only for what you can change, in other words, YOURSELF. Those 2 months were tremendous for me to adapt, learn, and pivot my different businesses. I believe that humans are wired to one thing - transform themselves. You'll never be able to change our governments, the banks, the FED printing money (making it the dollar less and less valuable) Transforming yourself and your life is the only (and the most powerful) hedge you have Yes, you didn't ask for it, this is not fair. Life is not fair. Only YOU can make it fair for yourself That's why I stopped listening to the media, social media and all the news related to COVID Context I wanted to play with the new Quandl utility function provided by TradingView With this dashboard, I tried to build a Quandl dashboard based on the Federal Reserve Economic Data data I pulled out a few metrics from this Quandl page: www.quandl.com "Federal Reserve Economic Data" or FRED is a project by the Economic Research Department of the Federal Reserve Bank of St Louis. FRED collects over 200,000 US and international economic time series, from 69 different sources, on a single website. Data coverage includes all major areas of macroeconomic analysis: growth, inflation, employment, interest rates, exchange rates, production and consumption, income and expenditure, savings and investment, and more. What can you do with the indicator First, kudos to Pinecoders . I used his color scale and f_print functions to display those labels at the right. Script Reference: You can change from the indicator settings: - Labels horizontal position - Labels size (tiny, normal, big, huge) - Labels colors Final words Tough times are ahead as we can see from those numbers. For those having an online business, it's a fantastic period despite the terrible events. Use it at your advantage to learn and share your vibes and knowledge with your audience Stay brave, Dave
Pine Script™ indicator
by Daveatt
4
ApopheniaPays Crossing detector & 2-field date/time entryYou specify a horizontal line by value, start date/time, and end date/time, and choose a data source (bar close is the default) and it will label count how many times that source crosses that line between those dates/times. Enter the start and end dates for your horizontal line as MMDDYY and HHMM (24 hour time). : Jan 17, 2020 would be 11720 (properly it would be 011720, but Pine inputs delete leading 0s). : November 17, 2020 would be 110720. : 8:30 AM would be 0830. : 8:30 PM would be 2030. Remember to enter the right time zone. I believe nobody else has published a 2-input date/time picker on TV, at least the last time I checked they hadn't, they all make you input M,D,Y,H,M as separate fields. Ugh! If you use any parts of this code, please credit me. If somehow you happen to make a lot of money using this code, please think about what a fair share would be to pay me for my help, then give that amount to a worthwhile charity.
Pine Script™ indicator
by ApopheniaPays
BEST USA Bank Holidays HelperHello traders This is a quick helper displaying the US bank holidays labels 1 day before the actual bank holiday date Useful to be reminded when it's better to not trade as the big "whales" aren't trading either - and are probably drinking cocktails on their yachts in the Caribbeans island This is my way of saying that, the days where the USA are off, the derivatives like indices aren't likely to give big opportunities Of course, big move might happen but statistically, we're better off going to the Caribbeans islands as well (or preparing for the next trading day) Bonus The indicator displays in fuschia (never knew how to write that word properly without checking google first...) the 2019 US bank holidays Best regards and enjoy your cocktails today :) Dave
Pine Script™ indicator
by Daveatt
5
Best Volatility CalculatorHello traders, This indicator shows the average volatility, of last N Periods, for the selected time frames. You can select up to 2 timeframes with this version Volatility is defined as the close of current candle - close of the previous N candle Presented as Currency, Pip, percentage labels in a panel below. Will calculate in real-time only for the current instrument on the chart. The indicator is coded to not be repainting Example In the indicator screenshot, I used a lookback period of 1. That compares the current candle close versus the previous one for the daily and weekly timeframe Showing how the results are calculated for the weekly calculations Enjoy :) Best regards Dave
Pine Script™ indicator
by Daveatt