We can have all the 3 types of candle plots (bar styles) over normal candles in the same chart. We will have better picture on whats happening in specific chart candle type / bar style. Option provided to turn off/on specific bar type. Multi time frame is enabled. Specific time frame can be chosen for individual bar style.
When the security closes above the specified moving average a chart line will be plotted. When it closes below the moving average, no chart line is plotted. A very simplistic way to see the trends a security has when respecting a specific moving average.
This is an educational study, using the security functions provided by @PineCoders(big thanks to them for creating this ) in order to see the difference between multiple candle close plots using: Heikin Ashi Renko Linebreak Kagi Average of them all. Both the different securities and the average can be used as a source for different indicators like moving...
Level: 5 Background Like many people in the Tradingview community, I have been studying how to apply Line Break Chart to backtesting and live trading for long. However, as we all know, the official Tradingview Line Break Chart is not recommended for backtesting because it will lead to unrealistic backtesting results. So, I thought about developing a Line...
Hi, This script will draw divider lines by the hours of current day so that you can have a better view as your desire.
Shindo Line Break Original indicator by Masao Shindo. Indicator of trend following. The line break chart of non-time series is corrected to time series. It is displayed together with Donchian Channels. The trend can be visually discerned by the background color based on the line break chart. The turning price of the trend is displayed. The timing of entry...
I decided to help TradingView programmers and wrote code that converts a standard candles / bars to a line break chart. The built-in linebreak() and security() functions for constructing a Linear Break chart are bad, the chart is not built correctly, and does not correspond to the Line Breakout chart built into TradingView. I’m talking about simulating the Linear...
A viable and workable concept of chart type identification using Pine Script. Was wollen wir trinken , sieben Tage lang Was wollen wir trinken, so ein Durst! Was wollen wir trinken, sieben Tage lang Was wollen wir trinken, so ein Durst!
Linebreak with adjustable time frame so you can see linebreaks from a resolution other than the current chart's TF.
This script emulate's the built in linbreak function's functionality. However, I added multiple sources to my script. With the built in function no matter what you pass as the argument for the source it will take close data. List of sources available are below: close open high low ohlc4 (high+low)/2 (open+close)/2 (high+low+close)/3 Number of Lines...
Private strategy created for and in collaboration with TV user: kaiji_ This strategy employs either a Renko or Linebreak version of the current tickerid and places orders based on configurable criteria, optionally increasing winning positions as long as they remain profitable before closing on trailing stops.