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Parabolic SAR Oscillator [LuxAlgo]This indicator is a detrended price series using the Parabolic Stop and Reverse (SAR) trailing stop, resulting in a bounded oscillator in the range (-100, 100). The SAR output is also normalized to obtain a noiseless oscillator which can complement the detrended price. Settings Start: Initial value of the convergence factor used when a new trend is detected by the SAR Increment: Increment value of the convergence factor Maximum: Maximum value of the convergence factor Usage The price is detrended by subtracting the closing price to the SAR, this result is then normalized. An up-trending market is indicated once the normalized SAR reaches -100, while a value of 100 indicates a down-trending market. One can anticipate trends when the normalized SAR crosses above/under 0. The converging nature of the SAR trailing stop allows for the trader to obtain a very apparent leading oscillator.
Pine Script™ indicator
by LuxAlgo
12
ESTOCÁSTICO + NORMALIZED MACD=== INTRO === This is a 2 in 1 indicator, STOCHASTIC + NORMALIZED MACD. I release this script as public because both stochastic and normalized macd are public, so I cannot find any reason to post it as private :) === USAGE === You can use any of the indicators by itself as usual, stochastic as a oversold/overbought indicator as a momentum/trend indicator. Usually, crossovers are used for LONG/SHORT entries. I added dots for crossovers as well as background colors to show movement direction when both indicators agree: green = bullish, red = bearish and orange = range/consolidation. === SETTINGS === Default settings for both indicators have been changed (but they're of course configurable), to make them work better together. You can also change NMACD moving average time to SMA or WMA instead of SMA, SMA is really slow for me but give it a try, WMA is more aggressive. === RECOMMENDATIONS === Always look for higher timeframes, for example, if you're trading 1h, don't try to catch a 1H "ALL GREEN" LONG while 4H is "ALL RED" because otherwise you're just "trying" to catch a bounce in the 1H chart that could never happen, always trade with the main trend. Try to catch both crossovers in the opposite area, ex: try to LONG when both indicators are below 50 and SHORT above. I did not test divergences on this indicator, as the MACD is normalized i prefer to use a standard MACD for that, but you can use the stochastic for sure.
Pine Script™ indicator
by JoseMetal
8
Circular Barplot - Oscillators Sentiment [LuxAlgo]This indicator is an implementation of a circular barplot aiming to return the market sentiment given by multiple normalized oscillators. These include the relative strength index (RSI), Stochastic %K (%K), Linear Correlation Oscillator (ROSC), William Percent Range (WPR), Percent Rank (%R), and money flow index (MFI). The length period of each of these oscillators can be adjusted in the indicator settings. The label in the center of the circular plot returns the average market sentiment constructed from all the previously mentioned oscillators. Settings Width: Circle width. Spacing: Determines how close each circle is to the other. Thickness: Width of the colored lines. Offset: Controls how far the circular barplot left extremity is from the most recent candles. Src: Input source of the indicators. Usage Unlike regular bar charts, circular bar plots display the bars as circle arcs and have the advantage of preserving horizontal and vertical space. A higher arc length would indicate a value closer to the maximal value of the oscillator. Other variations of the circular barplots exist but this variation using the circle arc is particularly appropriate for normalized data. The indicator can be used as a simple widget giving a quick method to obtain the overall market sentiment of a certain ticker. A dashboard is displayed on the top left of the chart in the event the user wants to see the actual value of the oscillators. Note that low width or high spacing settings might return unwanted results.
Pine Script™ indicator
by LuxAlgo
9
Normalized Quantitative Qualitative Estimation nQQENormalized version of Quantitative Qualitative Estimation QQE: Normalized QQE tries to overcome the problems of false signals due to RSI divergences on the original QQE indicator. The main purpose is to determine and ride the trend as far as possible. So users can identify: UPTREND : when nQQE Histogram is GREEN (nQQE is above 10) DOWNTREND : when nQQE Histogram is RED (nQQE is below -10) SIDEWAYS: when nQQE Histogram is YELLOW (nQQE is between -10 and 10) Calculation is very simple; RSI based QQE oscillates between 0-100 nQQE is simply calculated as: nQQE=QQE-50 to make the indicator fluctuate around 0 level to get more accurate signals. Various alarms added. Kıvanç Özbilgiç
Pine Script™ indicator
by KivancOzbilgic
35
Percentage Price Over SMAReturn the percentage of closing prices greater than SMA's with periods within a user-selected range. An exponential moving average applied to these results is also displayed (in orange). Settings Min : Minimum period of the SMA in the range Max : Maximum period of the SMA in the range Smooth : Period of the EMA Src : Input series of the indicator Usage The indicator is a normalized oscillator. A value of 100 indicates that 100% of the current closing price is over SMA's with periods ranging from min to max , this indicates a bullish market, while a value of 0 would indicate a bearish market. In this image the indicator use min = 50 and max = 200, here AMD has been strongly bullish at the start, and ended being strongly bearish at the end, during this bullish period the indicator is over its overbought level, while it is under its oversold level during the bearish period. In case the market is ranging we can expect the indicator to be around 50%, using the smoothed result might be more useful to detect ranging markets with this indicator. If the smoothed result is within the overbought/oversold levels, then we can say that the market is either ranging or transitioning from a bullish/bearish market to an opposite one.
Pine Script™ indicator
by alexgrover
10
ATR _NormalizedThis script is good to use with Williams %R indicator, to find out when price has bottomed out. ATR has to be over 90 and Williams %R ( lenght 52 ) has to be over 95 to find out level around which one is good to buy. You can check back, to see that this worked very well over history. Best way to use this 2 indicators is with DCA ( dollar cost average ), as area where to buy can go a little bit down and up for as long as few months. So dont just jump in, use DCA .
Pine Script™ indicator
by Devil1986
2
Price/Volume Normalized OscillatorIt can be interesting to have an indicator displaying two rescaled measures, thus ending with an indicator that allow the creation of more complex trading rules (conditions), this is what is intended with the price/volume normalized oscillator (PVNO) who normalize both volume and price in order to display them together. Volume is considered an important factor as it show the trading activity of a security, securities with higher volume are more attractive to trade as higher volume is in general present with larger price variations, higher volume can also indicate a better trade execution. THE INDICATOR In the PVNO, the rescaled volume is represented by the blue plot while the rescaled price is represented by the (green/red) plot. The rescaling method used here is simply based on the sum of the current and past momentum output of a series of observations divided by the sum of the current and past absolute value of this momentum, this allow to have a smooth output with values reaching 1 and -1 instead of converging toward 0. The indicator has two settings, Volume Length who control the length of the sum of the rescaled volume, while Price Length control the sum length of the rescaled price. When the rescaled volume is positive it means that the sum of the current and past Volume Length - 1 positive volume momentum values is greater than the sum of negative ones, this indicate a more active market. The same apply to the rescaled price, with a positive rescaled price value indicating an uptrend and negative values indicating a downtrend. Because of the stationary and periodic nature of volume, low values for Volume Length are recommended. INTERPRETATIONS AND USAGES As you can see the rescaled price plot can have two colors, and the area between the rescaled volume and price plot is filled with two possible colors as well, the color depend on the following simple condition: green: once rescaled price > 0 and rescaled volume > 0 until condition for red don't happen red: once rescaled price < 0 and rescaled volume > 0 until condition for green don't happen Therefore no signals are triggered if the rescaled price is greater/lower then 0 but the rescaled volume is lower than 0, this could allow to filter various false signals (at the cost of reactivity). A more interesting use-case of the indicator can be based on the upper and lower constant levels displayed in order to spot points where volume will fall or rise. Volume can also be used to spot potential reversals, therefore the levels can also be used to this end as well. SUMMARY A normalized oscillator plotting rescaled price and volume values has been presented, the indicator posses its own trading rules but can easily modified. This is not an indicator i'am super proud of, even after passing some time on it lol. You can use the code freely without asking for permission, mention is appreciated. Next indicators should be more pertinent and interesting, thanks for reading !
Pine Script™ indicator
by alexgrover
9
Normailzed CandleThis indicator normalizes Day's candle with Open. Idea is to see the daily movement in the context of the Open of the Day. Larry Williams talks about Open being the most important price of the day. Hence, this indicator. The Green line is average Open-to-High for occurrences of Red days. The Red line is average Open-to-Low for occurrences of Green days. Average are not perfect calculations since occurrences(of Red or Green) will vary within the time-span used for averages. These can used to gauge likelihood of the intra-day price reversal. If the price exceeds green/red line, there is higher likelihood of the price closing above/below open. The blue lines are average Open-to-close for Green and Red occurrences. Be careful on days where consecutive 3rd Highest High or Lowest Low day is made and also on the next day after such day. Prices may turn direction at least for a short while. The precursor to this script of the Candle Infopanel script. That script was just numbers in panel and this is a graphical representation. I Some of the calculations from original script are commented here because it would make visuals clutters (and probably the left-out calculation are not critical to making trade decisions!)
Pine Script™ indicator
by Masa_1234
4
Scaled Normalized Vector StrategyThis is a scaled Normalized Vector Strategy with a Karobein Oscillator Original: Drkhodakarami (www.tradingview.com) Repainting: in general there two types of repainting: * when the last candle is constantly being redrawn * when the indicator draws a different configuration after it has been deactivated/reactivated, i.e. refreshed. The former is a natural behaviour, which presents a constant source of frustration, when a signal directly depends on the current market situation and can be overcome with various indirect techniques like divergence. The latter suggests a flaw in the indicator design. Unfortunately, the Normalized Vector Strategy is repainting in the latter sense, although being really promising. Would be nice if our community suggests a solution to this problem )) As it is this strat should be refreshed each time a decision is being taken. This strat consistently performs with high accuracy, showing up to 96% scores. Here are some of the best parameters: TF Lookback Performance (ca.) 1m 13 92% 3m 34 92% 5m 85 92% 15m 210 90% 30m 360 89% 1H 1440, 720 94%, 87% The Karobein Oscillator has an intrinsic sinusoidal behaviour that helps in determining direction and timing. It does not repaint. Original: alexgrover (www.tradingview.com)
Pine Script™ strategy
by capissimo
19
Normalized Average True RangeThis is a Normalized ATR, which means it displays ATR as a percentage instead of absolute price. For example, a value of 1 indicates a true range of 1% in a given period. This indicator creates a moving average of the volatility of a product going back X number of periods and is useful for deciding what to trade. For example, if used on a daily chart, one product displays a value of 4 you can reasonably expect it to have larger price swings and movement compared to another product that displays 1. It does not predict direction, rather the size of moves.
Pine Script™ indicator
by HBtrader22
1
Chiki-Poki BFXLS Longs Shorts Abs Normalized Volume Pro by RRBChiki-Poki BFXLS Longs vs Shorts Absolute Normalized Volume Value Pro by RagingRocketBull 2018 Version 1.0 This indicator displays Longs vs Shorts in a side by side graph, shows volume's absolute price value and normalized volume of Longs/Shorts for the current asset. This allows for more accurate L/S comparisons (like a log scale for volume) since volume on spot exchanges (Bitstamp, Bitfinex, Coinbase etc) is measured in coins traded, not USD traded. Similarly, L/S is usually the amount of coins in open L/S positions, not their total USD value. On Bitmex and other futures exchanges volume is measured in USD traded, so you don't need to apply the Volume Absolute Price Value checkbox to compare L/S. You should always check first whether your source is measured in coins or USD. Chiki-Poki BFXLS primarily uses *SHORTS/LONGS feeds from Bitfinex for the current crypto asset, but you can specify custom L/S source tickers instead. This 2-in-1 works both in the Main Chart and in the indicator pane below. You can switch between Main/Sub Window panes using RMB on the indicator's name and selecting Move To/Pane Above/Below. This indicator doesn't use volume of the current asset. It uses L/S ticker's OHLC as a source for SHORTS/LONGS volumes instead. Essentially L/S => L/S Volume == L/S Features: - Display Longs vs Shorts side by side graph for the current crypto asset, i.e. for BTCUSD - BTCUSDLONGS/BTCUSDSHORTS, for ETHUSD - ETHUSDLONGS/ETHUSDSHORTS etc. - Use custom OHLC ticker sources for Longs/Shorts from different exchanges/crypto assets with/without exchange prefix. - Plot Longs/Shorts as lines or candles - Show/Hide L/S, Diff, MAs, ATH/ATL - Use Longs/Shorts Volume Absolute Price Value (Price * L/S Volume) instead of Coins Traded in open L/S positions to compare total L/S value/capitalization - Normalize L/S Volume using Price / Price MA / L/S Volume MA - Supports any existing type of MA: SMA, EMA, WMA, HMA etc - Volume Absolute Price Value / Normalize also works on candles - Oscillator mode with negative axis (works in both Main Chart/Subwindow panes). - Highlight L/S Volume spikes above L/S MAs in both lines/oscillator. - Change L/S MA color based on a number of last rising/falling L/S bars, colorize candles - Display L/S volume as 1000s, mlns, or blns using alpha multiplier 1. based on BFXLS Longs vs Shorts and Compare Style, uses plot*, security and custom hma functions 2. swma has a fixed length = 4, alma and linreg have additional offset and smoothing params Notes: - Make sure that Left Price Scale shows up with Auto Fit Data enabled. You can reattach indicator to a different scale in Style. - It is not recommended to switch modes multiple times due to TradingView's scale reattachment bugs. You should switch between Main Chart and Sub Window only once. - When the USD price of an asset is lower you can trade more coins but capitalization value won't be as significant as when there are less coins for a higher price. Same goes for Shorts/Longs. Current ATH in shorts doesn't trigger a squeeze because its total value is now far less than before and we are in a bear market where it's normal to have a higher number of shorts. - You should always subtract Hedged L/S from L/S because hedged positions are temporary - used to preserve the value of the main position in the opposite direction and should be disregarded as such. - Low margin rates increase the probability of a move in an underlying direction because it is cheaper. High margin rates => the market is anticipating a move in this direction, thus a more expensive rate. Sudden 5-10x rate raises imply a possible reversal soon. high - 0.1%, avg - 0.01-0.02%, low - 0.001-0.005% You can also check out: - BFXLS Longs/Shorts on BFXData - Bitfinex L/S margin rates and Hedged L/S on datamish - Bitmex L/S on Coinfarm.online
Pine Script™ indicator
by RagingRocketBull
3
Balihuntul Normalized Absolute Volume by RRBBalihuntul Normalized Absolute Volume by RagingRocketBull 2018 Version 1.0 This indicator shows absolute and/or normalized volume for an asset, allows for more accurate volume based comparisons (like a log scale for volume). Volume is measured in coins traded, not USD traded, so direct comparisons of different price moves may not be accurate. Professional traders usually compare absolute or normalized volumes of trend moves/spikes/dips/capitulation events instead. When the USD price of an asset is lower you can trade more coins but capitalization won't be as significant as when there are less coins for a higher price. Similarly, you can normalize volume using: - price/price ma (to get a bit of a price-weighted volume) or - volume ma to compare it with its average assuming the total volume is a percentage above or below the MA (100% or 1). - use alpha multiplier to add/lose a few zeroes if necessary Features: - Use Absolute Price Value (Price * Volume) of an asset instead of Coins Traded (Volume) to compare capitalization - Normalize volume using Price / Price MA / Volume MA - Supports any existing type of MA: SMA, EMA, WMA, HMA etc - Oscillator mode with negative axis - Highlight high volume spikes above MA or hide low volume bars below MA - Change color based on prev Close or Volume bars - Change Volume MA color based on a number of last rising/falling bars - Display volume as 1000s, mlns, or blns using alpha multiplier Notes: 1. uses plot* and custom hma functions 2. swma has a fixed length = 4, alma and linreg have additional offset and smoothing params Feel free to use. Good Luck!
Pine Script™ indicator
by RagingRocketBull
1
Karobein OscillatorDeveloped by Emily Karobein, the Karobein oscillator is an oscillator that aim to rescale smoothed values with more reactivity in a range of (0,1) Calculation The scaling method is similar to the one used in a kalman filter for the kalman gain. We first average the up/downs x, those calculations are similar to the ones used for calculating the average gain/loss in the relative strength index. a = ema(src < src ? x : 0,length) b = ema(src > src ? x : 0,length) where src is a exponential moving average of length period and x is src/src in the standard calculations, but anything else can be used as long as x > 0 . Then we rescale the results. c = x/(x + b) d = 2*(x/(x + c*a)) - 1 How To Use It is better to use centerline-cross/breakouts/signal line. In general when we use something smooth as input in oscillators, breakouts are better than reversals, you can see this with the stochastic and rsi. So a simple approach could be buying when crossing over 0.8 and selling when crossing under 0.2. Here is the balance of a strategy using those conditions, length = 50 . 20 trades have been mades since the 29 oct we made 341 pips with eur/usd, of course this backtest was made during good trends period, this result is not representative of how the strategy work with other conditions/markets. For any questions/suggestions feel free to contact me
Pine Script™ indicator
by alexgrover
7
RSI normalized by Bollinger BandsEnglish. RSI indicator with Bollinger Bands in one. Forgot oversold and overbought! With BB and RSI you can dinamically saw when RSI is in critical values. And when you can see figure 'M' or 'W' in oscillator it means that current movement of impulse is down. Русский. RSI и Ленты Боллинджера в одном. Забудьте о тупых линиях перекупленности и перепроданности! При работе в связке вы можете определять эти зоны динамически. И при формировании фигуры 'M' или 'W' на осцилляторе будет четко показано, что текущий импульс умер, надо выходить из сделки. Example of usage (exit points) / Пример использования (точки выхода)
Pine Script™ indicator
by AlexeyFirsov
12
Normalized Volume by vosechuThis script adds a volume indicator that is normalized by SMA(50) by default. This will help you easily see whether the volume is _actually_ high or not. It also highlights when volume is exceeding the average by making the column a darker color. Caveats: * This changes the volume into a percentage, so don't use this number for calculations Hints: * Make sure to set your "bottom margin" to 0% or the volume chart will appear to be floating above the bottom
Pine Script™ indicator
by vosechu
8