Renko MTF - Traditional and ATRSomehow there aren't too many renko bars that have the traditional setting built-in so I put one up. This one has the option to choose between Traditional and ATR, the size number corresponds to the option that was chosen. And just in case if anyone wanted, I put up a multi-time frame option to choose the time frame the bars take place. D is for day, W is for week, flat numbers are in minutes, and leaving it blank looks at the current time frame the chart is in. The calculation comes from how Tradingview handles renko bars.
Renko bars don't paint a color unless the market moves a certain amount based on its settings. When the market moves up it turns green, if it moves down it turns red, simple color changes alone can say a lot. They're a good way to try to find trends somewhat objectively and seem to be a good way to eliminate time and can replace other time-based indicators that can whipsaw or lag. The bars have a tendency to repeat themselves so it's a good way to find trends. There aren't too many settings for the box size, most people either just choose 5, 10, 14, etc where as other indicators have many options that differ on different markets. The numbers can be chosen easily enough to pick a sweet spot with just a single input where other indicators such as MACD have multiple inputs to pick the right number that can make it difficult to choose from(although it won't be as precise as a MACD would sometimes but can be worth the objectiveness and consistency and same setting repeatability in different markets in my opinion). Some example strategies could be to use them as an alternative trailing stop, finding trends, a simple color change for entry and exit on top of other strategies, etc. It can do the job of many in an all in one price action type indicator(although not better all the time, it can come close enough). Despite all this, it does seem to depend on which time-frame it's being looked at, how TV does the calculation for it, and how one can use this with the lack of practical information on it out there.
Multi-timeframe
Moving Averages - 5 Ribbon MTF HeatmapThis is a 5 Ribbon heatmap moving averages indicator where each represents a different time frame, The RED or GREEN color palette is also affected by asset velocity using ATR.
Supports various moving averages including VMA (Default), Zero Lag, TSF (Time Series Forecast).
A single ribbon is set to GREEN when fast MA (moving average) is above the slower MA and RED when fast MA is below the slower MA.
In the settings you can set the ATR length (Average True Range) which will affect the velocity calculation for the colors, higher ATR length will smooth the coloring more (Less color changes), while lower ATR will show more instant changes.
HOW TO USE?
The brighter the GREEN is the stronger the up trend.
The brighter the RED is the stronger the down trend.
A weakening GREEN color can be a sign for a down reversal.
A weakening RED color can be a sign for a up reversal .
Supports alerts when fast moving average crosses slow moving average from all time frames, either way, up or down.
Comments/Suggested/Positive feedbacks are welcome and can make this indicator even better.
Follow for upcoming indicators: www.tradingview.com
MTF VWAP + Fibo Incremental deviationsI made a Fibo variant of my first script "VWAPs + devs" :
This new indicator give you the possibility to plot multi timeframes VWAP (D, W, M, 3M and 12M ) and Fibo deviations for each one.
VWAP is a powerfull indicator which is used by big players to get informations if the price is "overbought" or "oversold". Deviations give the opportunity to have supports and resistances in those "over"-zones.
I searched for better results and found those defaults values :
Fib 1 level : 0.618
Fib 2 level : 0.786
Fib 3 level : 1.000
Fib 4 level : 1.618
Fib 5 level : 2.618
In the thumbnail, we can see that the 1.618 deviation level made a great support on the last uptrend for BTCUSDT .
You can change each values but low ones as 0.382 and 0.5 don't give really interesting supports/resistances.
I made this script as clear and simple as possible with only one menu in the parameters.
Some examples of what you can do :
BTCUSDT (Binance) H4 / D, W, M, 3M ,12M VWAP without devs
BTCUSDT (Binance) M5 / Daily VWAP + Fibo devs
Hope this will be useful for you !
Parabolic SAR (MTF)This is a multi-timeframe Parabolic SAR indicator which uses 1 and 4 hour charts.
Using this indicator is simple, if the LifeTime line is green then buy, if red then sell OR don't trade. So...
Green Line - This strategy is in a buy position
Red Line - This strategy is in a sell position
Any other colour - DON'T TRADE
The traders approach is simple, when all indicators are green or red, then take the trade. As soon as one indicator changes, then re-evaluate using your normal process, such as price action, to determine whether to close the trade or continue.
If you require any further information or script modifications, please message me.
PLEASE CHECK OUT MY OTHER SCRIPTS
Supertrend (MTF) & Parabolic SAROne of my mixed approach strategy indicators which includes:
- Parabolic SAR
- 1 Hour Supertrend
- 4 Hour Supertrend
Whilst this script may appear slow due to the 4hr Supertrend, it does a great job of managing breakouts.
Using this indicator is simple, if the line labeled Lifetime is green then buy, if red then sell OR don't trade. So...
Green Line - This strategy is in a buy position
Red Line - This strategy is in a sell position
Any other Color - DON'T TRADE
The traders approach is simple, when all indicators are green or red, then take the trade. As soon as one indicator changes, then re-evaluate using your normal process, such as price action, to determine whether to close the trade or continue.
If you require any further information or script modifications, please message me.
PLEASE CHECK OUT MY OTHER SCRIPTS
Multi Time Frame CandlesHello Traders,
This script can show (upto) 3 candles of another time frames without changing chart time frame realtime . You can choose the time frame and number of candles in the options. You have option to change body and wick colors as well.
in this example number of candles is 2:
You can set body and wick colors:
In this example, weekly candles are shown on 1h chart:
Enjoy!
London Open Range Breakout by KviateqThis script is what I currently use to day trade forex on a 5-minute timeframe.
The script features Multi-timeframe EMA20 that uses timeframe multipliers and is smoother by the factor by which you're multiplying your current timeframe.
Default settings are set to display EMA20 on the current (M5) timeframe, as well as M15, H1, H4 and D1 timeframes.
The background color changes intensity based on how many conditions are met - are all EMAs in the right order, is the current close above/below all the EMAs.
Featured is also a range set to 1 hour since the London breakout (can be changed to M15, or however long you'd like - my current setting is 30 minute).
Also featured are levels that I find to be of most importance - such as Daily and Weekly Open, Previous Day's and Week's Highs.
The idea is to only take trades when all stars align - EMAs, break above/below the Opening Range and not to long/short into an important level.
KK_MA_MTFThis is multitimeframe Hull moving average
you can change offset to 0 if you want realtime data
Slope Vortex MTFA request was made to make this script into a mult-time frame version. :)
I'm not fond of the outcome using a really high time frame like the 1 Day when you're looking at a 5 minute intraday chart, but I think it looks pretty decent on something like a 5 min chart with 1 hour higher time frame.
Please checkout the original Slope Vortex script for more information on how it can potentially be used as a trading signal.
Higher Timeframe Trend Indicator V3.0What is it?
An indicator that depicts the trend of up to 5 higher timeframes on the same chart without needing to context-switch between charts.
Features
- Supports up to 5 timeframes
- Trends indicated by 5 colored buttons: one for each timeframe
- Varying shades of green: uptrend
- Varying shades of red: downtrend
- White/silver: sideways/neutral
- Configurable length (time period) for each timeframe
- Increase length to capture long term trends; decrease it to capture only short term ones
- Configurable sensitivity for each timeframe
- Sensitivity determines what angle is considered trending and what is not
- Increase sensitivity to capture weak trends
- Decrease sensitivity to filter out weak trends and capture only strong/steep ones
- Sensitivity ranges from 1 (least sensitive) to 3 (most sensitive)
- Move the labels around vertically for better visibility by changing the "Location" and "Offset" parameters
How should one use it?
Use it to quickly browse through charts to understand the context across timeframes, and zero in on only those that have trends aligning on the higher and lower timeframes as per your strategy. For e.g., a chart that is trending up strongly on the 15min and 60min (indicated by dark green colored buttons), and trending down on the 1 and/or 5 min (indicated by red-colored buttons), can be shortlisted for a potential pullback trade. Use your favorite pullback strategy (Supply/Demand, Support/Resistance, Moving Averages, etc.) to hop in on the trend.
How are trends determined?
The indicator uses normalized %change in price of the linear regression line segment of the chosen price sources (close, high, low, MA, etc.) over a specified length to determine trend direction and intensity
Known Issues
Will indicate the trend correctly only for timeframes *higher* than the current (visible) resolution/timeframe of the chart. Might not indicate it correctly for lower timeframes ( i.e., lower than the current (visible) resolution/timeframe of the chart). For this reason, all timeframes lower than the current resolution will be hidden in the present release.
Future releases
- I am still experimenting with various sensitivity levels and the corresponding trend shades to make the tool as accurate and intuitive as possible. These modifications might come in
- Sensitivity levels might be increased.
- Bug fixes, if any
[CP]3 RSI Multi Timeframe InceptionTriple RSI indicator where you can set the timeframe for each RSI.
Take confirmation from different timeframes to make high probability trades!
Typical settings would be,
1 Day, 1 Week, 1 Month or
1 hr, 4hr, 1 Day or
3 min, 15 min, 1 hr or.........your imagination is the only limit here!
Efficient Support & Resistance LevelsThis script is a mixture of my two previous scripts "True Strong Classical Support/Resistance Levels" and "Hidden Supports & Resistances + Round Levels". This combination brings on better identification of the most efficient support/resistance levels.
Note that "Hidden SnR Levels" part of the code is only expected to work on Forex charts, but apart from that, the other parts could be applied to any chart.
The script may:
- Draw classical support/resistance levels which retraced the price previously, aided by multi-timeframe analysis
- Draw hidden support/resistance levels based on psychological patterns of the price
- Adjust to wicks better than Pine Script built-in pivot functions
- Differ the levels color based on chart reactions
- Merge nearby classical levels to avoid congestion on the chart
Feel free to use it and send me your thoughts.
Hybrid Overbought/Oversold Detector + Put/Call SignalsThere are many indicators of overbought/oversold conditions out there. Some of more common ones are:
- Bollinger Bands %B
- Money Flow Index (MFI)
- Relative Strength Index (RSI)
- Stochastic
This script uses a combination of these 4 oscillators to confirm overbought/oversold and filter the signals of market reverse which could be used for trading binary options.
You may select which oscillators you want to apply and of course change the source, the length of the calculations and the overbought/oversold levels.
Also the script will draw a combined graph which is the average of the selected oscillators in the options.
Send me your ideas!
MultiTimeFrame Shifting Predictive Bollinger BandsThis is the optimized version of my MTFSBB indicator with capability of possible bands prediction in case of negative shifting (to the left).
Make me happy by using it and sending me your ideas about the prediction.
(MTF) Bollinger Bands + RE RSIs + Hidden Supports & ResistancesI merged some of my previous written indicators, because a combination of multi-timeframe Bollinger Bands, RE RSI and Resistance/Support levels could help a lot.
Don't forget to add my other useful indicator (Classical SnR) to the chart to maximize your profit!
Volume Multi Time FrameHi All,
This script shows total volume info of Higher Time Frame. it checks open/close prices of higher time frame and sets the color. it also show a dynamic line on last volume , so you can see when HTF candle started and ended. by looking at the color of volume columns you can see HTF candle is green or red. it's something like weis wave volume that is using HTF candles.
Higher time frame is set automatically, you can set it manually by choosing "User-defined" in the indicator options and choose higher time frame as you want
Here some examples:
Current time freame is 1min and htf is 1hour
Current time freame is 1min and htf is 1day
Enjoy!
Combination Parabolic MA/IIR/ALMA Strategy, with other goodiesOkay, so this is a lot. It started mostly with me combining indicators and looking for ideal entry criteria.
It is also a collection of conditions, whether used or unused, for my current chosen "best" strategy. It is currently set how I like it, but it has changed with time, and will continue to do so. Within, there are variables that are unused, but offer some insight into the overall odds of a trade. They were, in fact, once used but fell out of favor. And all details for this strategy are within the comment header of the script.
As this evolves, I most certainly wont keep any future findings and hope for profit from my peers (yinz). Also, I'd like to give a sincere thanks to the people of TV for what I learned in a few month's time and their flexible membership plans. Basically, I'm just a mad scientist, but this monster's a masterpiece and folks here before me made many indirect contributions to it.
--------------------------
Okay guys, lastly and most importantly,
Each smack of the like button is a vote of your confidence in me, to my beautiful landladies, Celeste and Adele, that my rent will be caught up and that it won't always be a problem. Which, in my mind, makes me a graph. And they've got strong hands and don't sell the low. I more than respect that. Seriously. And I'm very grateful for their willingness to work with me, but the thing is that I didn't ask first; life just happens. But few are tolerant of others. And quite importantly, I truly believe that I will be successful one day, and that "thumbs-up" button is your vote of confidence. If you're not sure, then don't hit it yet. Maybe my scripts will boost your confidence in me :)
-------------------------
PS: And you know what? I'ma give a shout-out to Philakone for teaching me everything that I know about Elliot Wave . Absolutely. Two years ago, I would keep telling myself that one day I will put something in his gratuity wallet or pursue the paid courses. And, I still plan on it, because I'm grateful. And so also, to everybody else, I'm recommending him to learn from. because as a trader who might not know everything for free, you can certainly fill in the gaps with his altruistic offerings. And I'm betting that you will then feel more than inclined to buy the Udemy course.
"If wave 2 retraces a lot; number 4 will not". Repetition. Philakone didn't fix my memory but he sure did find a workaround, haha
Okay, everyone, Thanks!
MTF Shifting BBs + Reverse Engineering RSIs Overlay on ChartAnother multi-timeframe indicator presents 3 MTF (each) Bollinger Bands and 3 MTF (each) Reverse Engineering RSI and of course with shifting (left/right) capability.
RERSI in a simple term is the RSI but on the main chart alongside with candles.
There are many adjustable options like:
- Show/Hide each BB
- Show/Hide each MA
- Non-integer BB deviation values
- Positive/Negative shifting values
- Show/Hide each RSI
- Show/Hide each RSI Mid Level
- Adjustable Overbought, Oversold and Mid Levels values
I wrote this after my first script MTFSBB, because it's very useful to have BBs and RSIs together on a chart.
Calculating RERSIs will take some time, so be patient with it and feel free to use it.
3MA'S + KAMA Trend (20EMA,50MA,200MA + KAMA Trend)This indicator, combines the traditional FOREX moving averages (20EMA, 50ma, 200ma) into a single indicator with
an adaptive moving average (AMA) taken from a user defined timeframe to show trend direction (by default, it plots
the daily 10/2/34 KAMA overlayed on any timeframe chart.
An AMA moves slowly when markets are sideways but swiftly during periods of volatility as a result it reacts much fast than
traditional options for moving average trends.
If the price is above the KAMA, trend is up. Below the KAMA, trend is down.
Rational MTF Auto - Fibonacci Retracement Levels Hello, this script automatically draws rational Support - Resistance Levels as multi time frame. (MTF)
In this way, we see reasonable levels ahead of us.
As of the date of birth: The first year after Lehmann Brother's fall was determined after January 1, 2009.
One feature of this script (which I deliberately left this way) :
If the security and support-resistance levels are equal, it will show you NA value and say wait.
Because it is based on a weekly basis for region selection, I think that it should enter a region and support-resistance levels should be drawn accordingly.
That's why I left it this way.
NOTE :
This script was inspired by the following publication :
Regards.
MultiTimeFrame Shifting Bollinger BandsJust 3 Bollinger Bands with different adjustable timeframes plus shifting (left/right) capability and non-integer deviation values.
I wrote this because I couldn't find the perfect BB indicator that matches my needs. Feel free to use it.
Multi Timeframe RSI - Low Time FrameThis is a follow on to my Multi-Timeframe RSI indicator . In that indicator, you could keep an eye on RSI values above your current time frame. This one allows you to look at RSI levels below your current timeframe. The idea behind this one is you may want to "buy the dip," so you can look for oversold conditions on lower time frames expecting a bounce to occur.
There is one issue with this indicator is that it takes awhile to load. Seems to be pretty resource intensive, so I tend not do use it. It will get annoying if toggling fast between tickers due to the speed in which it loads.
EMA 20/100/200 alwaysThis script will always show the EMA 20/100/200 daily values across any time frame chart (e.g. showing daily 20 EMA while viewing the 5 minute chart)